Coronavirus Recession starting to hit the watch market | FerrariChat

Coronavirus Recession starting to hit the watch market

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

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  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
    Owner Silver Subscribed

    Mar 30, 2013
    3,142
    NE FL
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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 Veteran
    Silver Subscribed

    Mar 4, 2006
    6,543
    Crosslake, MN
    Full Name:
    Mike Sufka
    Will retail be an option soon ? :)

    MDS
     
  5. 3604u

    3604u F1 Veteran
    BANNED Silver Subscribed

    Sep 27, 2004
    6,298
    london/singapore/JKT
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    D
    Wow nice , care to share which AD or state ?
     
  6. italiafan

    italiafan F1 World Champ
    Silver Subscribed

    Jul 19, 2006
    16,101
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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 F1 Rookie
    Rossa Subscribed

    Oct 13, 2015
    4,896
    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
    Owner Silver Subscribed

    Mar 30, 2013
    3,142
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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 F1 Rookie
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    Oct 13, 2015
    4,896
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    Jon
    could you DM me some pics?
     
  10. darth550

    darth550 Six Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
    60,788
    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
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    Sep 27, 2004
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    Any chance you getting Rolex GMT and selling it at retail
     
  12. darth550

    darth550 Six Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
    60,788
    In front of you
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    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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    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
    Owner Rossa Subscribed

    #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.
  15. gh0st0

    gh0st0 Formula 3
    Silver Subscribed

    Jul 2, 2018
    2,497
    Midwest
    Aquanaut is still around 10k+ over msrp
     
  16. henryr

    henryr Two Time F1 World Champ
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    Nov 10, 2003
    21,648
    Atlanta
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    Juan Sánchez Villa-L
    when you can walk into an AD and buy a ss daytona at msrp that is the bottom?
     
  17. darth550

    darth550 Six Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
    60,788
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    I have already seen happen in searching for a popular SS Rolex and A/D asking prices reflect it.

    Not crazy bottom-feeder lower, but lower.
     
    3604u likes this.
  18. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    21,648
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    Juan Sánchez Villa-L
    when you can walk into an AD and buy a SS daytonta for msrp we hit bottom?
     
    Enzo likes this.
  19. zygomatic

    zygomatic F1 Rookie
    Silver Subscribed

    Jun 19, 2008
    4,847
    Washington, DC
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    Chris
    I'd be thrilled with "close to MSRP" again for the pieces I would like.
     
  20. desmomini

    desmomini F1 Rookie
    Owner Rossa Subscribed

    Nov 18, 2003
    3,914
    Upstate SC
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    Jeff
    Got an Omega SPECTRE on eBay for $2500.
     

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