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Has the used 'Ling market dried up?
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Author:  submersible24g [ Fri Jun 11, 2010 12:27 pm ]
Post subject:  Has the used 'Ling market dried up?
Seems like for a good while there were lots of Brietlings for sale on many forums. I have seen these boards basically "dry" up of the most popular models like the Super Avengers, Seawolf, Skylands, and Steelfishes. I still see a few Navis and some Chronomats out there, but the most "affordable" line of Lings are virtually disappearing off the used radar.

Wonder if anyone has noticed this and if its a sign that monetary times are loosening up a bit. Of course this trend is making used prices rise a bit. At one time i bought a like new Steelfish for $1300, where now that same watch i am seeing in limited quantities for about $1600-1900, consequently paying $1700 for my 3rd Fish recently. Likewise I bought a couple Super Avengers, both baton dials (black and white), and both like new for less than $2700 each. Now that same watch I have seen fetch $3000-3300.

And dealers arent giving me the normal 30% off now, but just a mere 20% off.
Author:  mfserge [ Fri Jun 11, 2010 1:00 pm ]
Post subject:  Re: Has the used 'Ling market dried up?
I think the used market has dried up because sharkman has sold all his lings.
Author:  MacApple [ Fri Jun 11, 2010 5:06 pm ]
Post subject:  Re: Has the used 'Ling market dried up?
I think the economy has come back just a little, last year I sold my Navitimer Heritage for a mere 2k.. I pretty much gave it away, 6 months later I pick up the Superocean heritage 46 for 1700 used ,and sold it 9 months later for 1850.
Author:  mboverst [ Fri Jun 11, 2010 6:45 pm ]
Post subject:  Re: Has the used 'Ling market dried up?
It's definitely coming back, I bought a Z serial 14060m about two years ago LNIB for 3k and just sold it two weeks ago on TZ for 3.5k. I should have put all of my money in watches 2 years ago that was in my BP shares instead of getting hosed for a couple Pateks worth the past few days.
Author:  sharkman [ Fri Jun 11, 2010 7:44 pm ]
Post subject:  Re: Has the used 'Ling market dried up?
Quote:
I think the used market has dried up because sharkman has sold all his lings.


Just 8 left - good God what have I done?!

Quote:
I should have put all of my money in watches 2 years ago that was in my BP shares instead of getting hosed for a couple Pateks worth the past few days.


Tell me about it! My father was an exec with Standard Oil of Indiana and the family held onto a bunch of shares after his passing in the late 80s. My mother passed a year or so ago and just as we were preparing to sell the stock - now BP, who bought Standard Oil - the well blew. Literally one week before the authorization to sell was effective and after just sitting on it for over 20 years. Timing isn't only something a good watch needs.
Author:  Roffensian [ Sat Jun 12, 2010 6:10 am ]
Post subject:  Re: Has the used 'Ling market dried up?
The reason that dealer reductions are reducing (at least in the US) is that the AD cost has increased so they don't have so much margin to play with.

In terms of the resale market I think it's the typical situation at the start of a recovery - people that needed to sell at the bottom sold and drove prices down because the buyers weren't there. Now the buyers are starting to come back, but the people who don't need to sell now are still holding out for better prices. That means that fewer pieces are available which drives prices up. In a couple of months that will take pricing to the level where more sellers are comfortable coming back in and things will settle.

Over teh next 12 months or so resale prices on newer pieces will likely increase in North America as the impact of the AD price increase makes its way through to the secodary market.
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