High end watches sales continue to decline!!

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S2007S

Seems the wealthy corner every market to make a buck, especially the watch market!!!


Rolex production is estimated to be around 1 million watches a year, versus a brand like Patek Philippe, which only makes around 60,000 pieces annually. Then there are some exotic brands like Richard Mille, which only produces around 5,000 watches, and even more niche brands like F.P. Journe, which reportedly make fewer than 1,000 pieces in a year. There is even a microbrand market, where industry legends like Naoya Hida produce fewer than 100 watches every 12 months.



https://www.forbes.com/sites/garthfriesen/2024/05/01/falling-luxury-watch-prices-time-to-buy/
 
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It shouldn't be a surprise if you follow the luxury sector. Kering, Richemont, LVMH & even Hermes stocks have been going down for quite a while. Burberry has been dropping since the peak of the pandemic.
 
i challenge op to find himself in his own city even an entry level (the cheapest) rolex or patek in stock, i bet he can not find it.

i am a big fan of rolex for decades. bought the latest iteration rolex op early last year and i was on the waitlist since the pandemic 2020 when everyone was asked to stay at home. my dealer finally got the one i wanted 18 months later, and i wasn’t even in front of the list, had to wait nearly a year more.

as far as functional luxury goods are concerned, so many tech millionaires and billionaires minted every quarter, it is not even special anymore. you are luck to buy one msrp.

btw, i am on a waiting list since 2021 for a mercedes g63 amg g wagon, i am told the earliest expected delivery is 2027/28

a good trading tip for me is that i set my carry/swing trade profit target at 1 rolex op $6,100, if i “must” take some risks.
 
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Those at the top layer might buy mechanical watches.
 
mervyn said:
i challenge op to find himself in his own city even an entry level (the cheapest) rolex or patek in stock, i bet he can not find it.

i am a big fan of rolex for decades. bought the latest iteration rolex op early last year and i was on the waitlist since the pandemic 2020 when everyone was asked to stay at home. my dealer finally got the one i wanted 18 months later, and i wasn’t even in front of the list, had to wait nearly a year more.

as far as functional luxury goods are concerned, so many tech millionaires and billionaires minted every quarter, it is not even special anymore. you are luck to buy one msrp.

btw, i am on a waiting list since 2021 for a mercedes g63 amg g wagon, i am told the earliest expected delivery is 2027/28

a good trading tip for me is that i set my carry/swing trade profit target at 1 rolex op $6,100, if i “must” take some risks.
More...

C'mon you're not wearing a 36mm.
 
mervyn said:
i challenge op to find himself in his own city even an entry level (the cheapest) rolex or patek in stock, i bet he can not find it.

i am a big fan of rolex for decades. bought the latest iteration rolex op early last year and i was on the waitlist since the pandemic 2020 when everyone was asked to stay at home. my dealer finally got the one i wanted 18 months later, and i wasn’t even in front of the list, had to wait nearly a year more.

as far as functional luxury goods are concerned, so many tech millionaires and billionaires minted every quarter, it is not even special anymore. you are luck to buy one msrp.

btw, i am on a waiting list since 2021 for a mercedes g63 amg g wagon, i am told the earliest expected delivery is 2027/28

a good trading tip for me is that i set my carry/swing trade profit target at 1 rolex op $6,100, if i “must” take some risks.
More...

for the g wagon, why didn’t you pay the 100k over sticker?

the waitlist must have shrunk.
I enquired about a 911 with a manual - they said 6 years (which meant it really would have been for my 10yo daughter). But you can buy them off the lot now.
 
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