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PostPosted: Sat Jul 14, 2012 11:15 am 
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CH-dmath wrote:
So taking the period into account, Omega's price increases are more drastic than Rolex's: factor of 2.56 over 13 years for Rolex vs. 2.25 over 6 years for Omega. Interesting since Rolex often gets taken to task for their inflation rate.

Except that there has been only one model change in the Sub during that whole time. From 1999 to 2010, the Sub was essentially unchanged; then in 2010, Rolex introduced the Sub-C. There was at least one similar change in the SMP last year; I don't know how many more occurred since 2006.


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PostPosted: Sun Jul 22, 2012 6:40 am 
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breanach78 wrote:
Rolex Sub LN E6850 (Germany)
Rolex Daytona E9650 (Germany)
Breitling SOC E5150 (Ireland)
Breitling B01 E7840 (Ireland)
Breitling TO E4850 (Ireland)

Madness really. My SF was 2350 to me last and my Rolex 16610lv was 4900 also last year, both new AD's.



Getting to the point that I'm out.

How ye feel about it?


As of today Sub C here in Ireland is 7250 euro rrp!

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PostPosted: Sun Jul 22, 2012 5:55 pm 
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As the globe shrinks and "emerging" countries have a growing middle and upper class, you're going to see demand increase.

The chinese are gobbling up and paying top dollar for Ford automobiles in cash - FORD's! If they can afford to pay $35k+ for a mediocre car, they can certainly afford to pay $6k+ for a watch.

The chinese/asian markets are also known to gobble up "antique" and "vintage" items as well - so be happy that Omega or Rolex you paid $4k for 3 years ago is probably worth $7k in the Asian markets.

I'm a HUGE watch nut. I LOVE watches and their history. However, some of you guys have 5, 8, 10+ watches and/or trade/sell/swap watches on a regular basis. Unless you've got a stellar job or some serious money in the bank, you shouldn't be complaining that watch prices are increasing. My assumption is that most luxury brands are trying to sell watches to people who are buying them as status symbols - not to people who want to collect watches.

On a final note, gold and silver prices have "gone mad" over the last 18 months - I don't expect a manufacture to continue to offer the same timepiece at the same price when the cost of goods has increased exponentially over the past couple of years.

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PostPosted: Sun Jul 22, 2012 6:06 pm 
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Drtymrtini wrote:
Unless you've got a stellar job or some serious money in the bank, you shouldn't be complaining that watch prices are increasing.

Crystal clear as always, Mr. Martini. :huh


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PostPosted: Sun Jul 22, 2012 7:18 pm 
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Roffensian wrote:
JacksonStone wrote:
Roffensian wrote:
The biggest danger in my mind for the producers is that they aren't going to lower prices when the market slows so they need to be careful that they can still maintain volume (likely boosted with new models).

New models come out every year, though. How would new models be enough, in and of themselves, to sustain volume in a down market, if the producers are trying to sell those models at prices that were established in a boom market? Regardless of how nice the models might be, if the prices are too high for most potential buyers, how can volume be sustained?



You introduce new models at a price point that will sustain sales - down market = more 'value' models.



And this is exactly what the report posted by Tomcat showed industry-wide. The surge is in higher priced models and lower priced models are on the decline. When the bubble bursts, it will swing opposite.

All in all, I have become quite disenchanted and am viewing the new model market in the rear view mirror. We are nearly double where we were three years ago. I find it much easier these days to say, "uh yeah, it's just a watch."


Sent from my iPhone using Tapatalk

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PostPosted: Tue Jul 24, 2012 7:46 pm 
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JacksonStone wrote:
Drtymrtini wrote:
Unless you've got a stellar job or some serious money in the bank, you shouldn't be complaining that watch prices are increasing.

Crystal clear as always, Mr. Martini. :huh


Yeah, maybe I wasn't clear enough. My point was that for several people on this forum, collecting watches is a hobby. I don't think the manufactures are catering to hobbyists and I'm not sure why the rest of my post was unclear. The cost of everything, especially precious metals, has gone up over the last few years, so decent increases in fine watches should be expected.

On a personal note, I comment once every few months on this forum and you are probably the most vocal, repetitive, and self-righteous person who posts incessantly. I don't know what your beef is with me as I NEVER attack anyone for their opinion. If you have a problem with me, message me. You don't have to agree with me, but you could practice being a bit more polite.

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PostPosted: Tue Jul 24, 2012 9:35 pm 
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Drtymrtini wrote:
JacksonStone wrote:
Drtymrtini wrote:
Unless you've got a stellar job or some serious money in the bank, you shouldn't be complaining that watch prices are increasing.

Crystal clear as always, Mr. Martini. :huh


Yeah, maybe I wasn't clear enough. My point was that for several people on this forum, collecting watches is a hobby. I don't think the manufactures are catering to hobbyists and I'm not sure why the rest of my post was unclear. The cost of everything, especially precious metals, has gone up over the last few years, so decent increases in fine watches should be expected.

On a personal note, I comment once every few months on this forum and you are probably the most vocal, repetitive, and self-righteous person who posts incessantly. I don't know what your beef is with me as I NEVER attack anyone for their opinion. If you have a problem with me, message me. You don't have to agree with me, but you could practice being a bit more polite.



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PostPosted: Tue Jul 24, 2012 9:58 pm 
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Drtymrtini wrote:
Yeah, maybe I wasn't clear enough. My point was that for several people on this forum, collecting watches is a hobby. I don't think the manufactures are catering to hobbyists and I'm not sure why the rest of my post was unclear.

I couldn't make sense out of your statement that only the people who have very good jobs or a lot of money should be complaining about price increases. Even with your clarification, I still don't understand it. Since you're on the subject of how our posts reflect on our personal qualities, I'll note that your comment (and many others like it) smacks of elitism and snobbery. It seems to me that the people who enjoy watches, who don't have very high-paying jobs or a lot of cash lying around, who have to save up to acquire them, might also feel rather put out by seeing prices escalate, especially at the current rate, which I consider to be a far cry from "decent increases." In fact, the non-wealthy, non-hobbyist watch enthusiast might have more of a reason to be upset, since, with each increase, more and more watches go out of reach. People with lots of money aren't likely to be affected by increases in this way.

Drtymrtini wrote:
On a personal note, I comment once every few months on this forum and you are probably the most vocal, repetitive, and self-righteous person who posts incessantly.

Fair enough. I guess we can agree to see each other as assholes.


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PostPosted: Thu Jul 26, 2012 12:07 pm 
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Drtymrtini wrote:
As the globe shrinks and "emerging" countries have a growing middle and upper class, you're going to see demand increase.

The chinese are gobbling up and paying top dollar for Ford automobiles in cash - FORD's! If they can afford to pay $35k+ for a mediocre car, they can certainly afford to pay $6k+ for a watch.

The chinese/asian markets are also known to gobble up "antique" and "vintage" items as well - so be happy that Omega or Rolex you paid $4k for 3 years ago is probably worth $7k in the Asian markets.

I'm a HUGE watch nut. I LOVE watches and their history. However, some of you guys have 5, 8, 10+ watches and/or trade/sell/swap watches on a regular basis. Unless you've got a stellar job or some serious money in the bank, you shouldn't be complaining that watch prices are increasing. My assumption is that most luxury brands are trying to sell watches to people who are buying them as status symbols - not to people who want to collect watches.

On a final note, gold and silver prices have "gone mad" over the last 18 months - I don't expect a manufacture to continue to offer the same timepiece at the same price when the cost of goods has increased exponentially over the past couple of years.

:huh

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PostPosted: Sun Jul 29, 2012 3:00 am 
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sharkman wrote:
And this is exactly what the report posted by Tomcat showed industry-wide. The surge is in higher priced models and lower priced models are on the decline. When the bubble bursts, it will swing opposite.

All in all, I have become quite disenchanted and am viewing the new model market in the rear view mirror. We are nearly double where we were three years ago. I find it much easier these days to say, "uh yeah, it's just a watch."


Sent from my iPhone using Tapatalk


I think that is happening in world markets today as a general rule. Upmarket products sell much better.

If I may compare it to the aviation market, just an example, Gulfstream is overbooked for its high end yet to be certified G650, whereas Hawker Beechcraft has gone almost under (and probably sold to the Chinese). That means that a $ 65 mio airplane sells like hot cakes and a $ 6 mio sells really bad.

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