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Coronavirus Recession starting to hit the watch market

Discussion in 'Fine Watches, Jewelry, & Clothes' started by JKonva, Mar 19, 2020.

  1. JKonva

    JKonva Rookie

    Jan 25, 2020
    3
    Full Name:
    Jason
    Received a call from my AD yesterday offering a Hulk and a two tone Daytona. I passed on both. But it gives a little insight into the softening market for luxury goods at the moment.
     
  2. flat_plane_eddie

    flat_plane_eddie F1 Rookie
    Silver Subscribed Owner

    Mar 30, 2013
    2,587
    Los Angeles
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    Eddie
    The two tone Daytona never really took off. However, the Hulk is still in demand as of right now even though it's softened up.

    If you can still get it I'm a buyer at over retail.
     
    JAM1 likes this.
  3. JKonva

    JKonva Rookie

    Jan 25, 2020
    3
    Full Name:
    Jason
    I'm sure the Hulk is gone by now, but I can circle back. Interestingly, it was the 2nd Hulk that my AD has offered me in less than a year.
     
  4. mikesufka

    mikesufka F1 Rookie
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    Mar 4, 2006
    3,122
    St. Cloud, MN
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    Mike Sufka
    Will retail be an option soon ? :)

    MDS
     
  5. 3604u

    3604u F1 Veteran
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    Sep 27, 2004
    5,743
    london/singapore/JKT
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    D
    Wow nice , care to share which AD or state ?
     
  6. italiafan

    italiafan F1 Veteran

    Jul 19, 2006
    9,980
    USA
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    Stickbones Swagglesmith
    Would be nice for my AD to call and say they have a Patek Nautilus 5711/1a at list. Doubt it will happen. :p
     
    3604u likes this.
  7. Jo Sta7

    Jo Sta7 Formula 3
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    Oct 13, 2015
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    Scottsdale/Pittsburgh
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    Jon
    It’s absolutely going to hit the watch market. I have my eye set on a Patek or a Journe.
     
  8. flat_plane_eddie

    flat_plane_eddie F1 Rookie
    Silver Subscribed Owner

    Mar 30, 2013
    2,587
    Los Angeles
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    Eddie
    Which Journe are you looking for? I have a customer who is trying to sell his Centigraphe for what seems to be much lower than the market.
     
  9. Jo Sta7

    Jo Sta7 Formula 3
    Silver Subscribed

    Oct 13, 2015
    2,431
    Scottsdale/Pittsburgh
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    Jon
    could you DM me some pics?
     
  10. darth550

    darth550 Five Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
    58,460
    In front of you
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    BCHC
    With the EU market more locked down than here, we will have to be getting more pieces on this side within a month.
     
    3604u likes this.
  11. 3604u

    3604u F1 Veteran
    Silver Subscribed

    Sep 27, 2004
    5,743
    london/singapore/JKT
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    Any chance you getting Rolex GMT and selling it at retail
     
  12. darth550

    darth550 Five Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
    58,460
    In front of you
    Full Name:
    BCHC
    I can do what the market bears and generally a little bit quicker than others. If you're looking for something impossible today than you can take the chance they won't go crazy again and go even higher.
     
    3604u likes this.
  13. 3604u

    3604u F1 Veteran
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    Sep 27, 2004
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    london/singapore/JKT
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    D
    Market is pretty bad and it’s gonna be Rock and roll .
    If you come across this watches , do let us know . Ever Hopeful
     
  14. Cigarzman

    Cigarzman F1 Veteran
    Rossa Subscribed Owner

    May 7, 2014
    5,488
    Sarasota , Florida
    Full Name:
    Kirk
    #14 Cigarzman, Mar 26, 2020
    Last edited: Mar 26, 2020
    I’m already seeing some of the more common Rolex especially in gold are taking a hit at the moment. I was offered a Yacht 2 all gold like new 27k. I passed. On a side note , diamonds took a hit last Friday too.
     
    3604u likes this.

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