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Who Watches the Watchmen (Our Chit Chat Thread)

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Comments

  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    good write up there of what sounds like a nice day.Northern Ireland in general is a lovely place.It always nice to fit in some activities for yourself while the rest of the family are doing their thing .

    Not surprised to hear Nico has stuff going on in the US , Roman from luxury bazaar seems to be very active with him since he distanced himself from timepiece gentleman ( Not sure if right name - The Texas lads with the recent drama)He is entertaining and seems to be living the lifestyle with the fast cars and private jets.I’ve seen the Amsterdam watch company complain about him a few times , not sure if Justified or not .



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    @893bet we share an issue regarding our local "high" end jeweller.

    I have a good friend working there, and TBH I still hate going in there. The watch selling setup is weird too IMO. With the private rooms in particular being far too small for comfort.

    It also looks like Fields aren't carrying their pre-owned stuff in the window in the Crescent anymore? I hadn't bought but they used to have a range of mid tier pre owned bits that seem to be gone now too.

    Looking for watches in Limerick really is a shallow pool. I have a trip to Dublin in November for a show that may well snowball into a watch hunt though.

    On your point on people moving to independents. Not something I can speak to other than reading about tbh but in what I've read, certainly seems true.

    You know my opinion of the high end steel sports 😉 I think there's growth yet to come for some pieces and recent experience would bear that out IMO. The rise in VC Overseas over the last 8 or so months indicates that people are buying, that they are buying other than Rolex too where there is apparent value.

    I think your gen 2 and my (albeit your old) gen 1 illustrate that well. Prices on both have risen quite sharply and I'm not going to offer a graph as my point. I did have a conditional offer for my Gen 1 that was high 4 figure to low 5, with the dealer expecting to pitch it at 13k 😳

    If you look at the graphs available for 42040/42 or 42050 (blue of course 😉) the line is approaching exponential over the last 6-8 months.

    Now my own oft repeated stance is that inflation is a growing risk that some watches are doing a nice job of offsetting. Even new VC are starting to hold their price on purchase rather than immediately depreciate and the effect on older models is very noticeable.



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    I apologise if this has been discussed before but, if it has I missed it. Has anyone here had a look at www.relleb.com yet for selling their watches?

    It's a service that offers a marketplace, authentication , escrow and insured pick up and shipping to/from buyers. I've only had a quick scan but it seems a very viable alternative to Chrono and eBay. I see there's at least 1 Irish seller on their with a polar Explorer 2, so someone's using it.

    What say ye lads?


    Post edited by banie01 on


  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Never heard of them... pop up for chrono24 as soon as i clicked on the link.. id imagine the plus chrono have is blast radius... a lot of buyers/sellers there



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    I know @IrishPlayer has had recent poor experience with shipping from Japan, but, anyone else got any info from recent experience?

    I'm looking at a couple of watches and Japan is offering serious value (even including VAT) versus the US and EU. I have no issue waiting for it, but don't want to end up in a cycle of returns or shipping holds. I know the seller probably has plenty of shipping experience but any additional info re:TARIC that could simplify the flow would be appreciated?



  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Id say if you get shipping via dhl or fedex etc won’t be any Issues



  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Which explorer?

    apart from the obvious answer of none. I was quite taken with the Rolex explorer I tried on last week, 39mm mk1 dial. Question I have is would you go mark 1 or mark 2 dial? Think the lads in pride and pinion mentioned the mark 1 has solid white gold applied numerals whereas the mark 2 are applied? Are there movement differences? Also is it likely Rolex will release a 39mm or the new ref this released in 36mm?

    Finally what do people reckon on price? Seems to be in the 7.5 to 9k range

    cheers,

    mick



  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Same movement, the hands are slightly bigger in the Mark 2. But the only really noticeable difference is that the Mark 2 has lume on the 3,6,9. If lume is your thing, you must go for the Mark 2 😀


    As for price, I got mine from a grey dealer in Ireland during the first lockdown in May last year for just over €5k but those days are long gone. Had a quick look on chrono24 and the cheapest in the EU by a long shot is from a private seller in Germany for €7k, so your range is on the ball



  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Thanks Unkel... ive seen where if you buy the mark 1, rolex will change the hands/dial at service if you ask/pay for it? i dont know maybe i should just forget about it or try to..



  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    I wouldn't have the watch modified. Keep it original or it might lose significant value. If you really want the bigger hands and the lume, just buy a mark 2



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  • Registered Users, Registered Users 2 Posts: 733 ✭✭✭IrishPlayer


    After taking a trip out to Poolbeg Lighthouse yesterday, I made my way back into town to visit Timepiece Antique Clocks on Patrick Street [Link]

    Got talking with Kevin Chellar who was busy working away on the bench

    I had actually met Kevin back in March last year at the watch talk at Engineers Ireland by Damian Duggan. I was telling him my interest in learning Watchmaking , looking at the best ways to start.

    He mentioned several colleges in the UK one of which Is the British Horological Institute [Link] that offer day courses that I had been thinking about going to along with getting some junk watches and basic tools to practice with.

    There was also mention of starting up a new watchmaking college in Waterford given enough funding/ support can be found which I really hope will go ahead and I would definitely be interested in attending as I'm sure others on here would to.

    One of the things he showed me was a homemade staking press he made as part of a filing exercise years ago

    Very cool and reminded me of a similar exercise I did in engineering in secondary school.

    Huge thanks to Kevin for taking the time to talk and share his workspace




  • Registered Users, Registered Users 2 Posts: 33,991 ✭✭✭✭NIMAN


    If you were getting a watch sent from the US, where would be best option to get it posted to to minimise chances of getting hit for taxes and charges?

    NI or Roi?



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    Currently, I'd hazard a guess at NI.

    UK still are quite lax on their inbound checks AFAIK and little things like missing TARIC won't send the watch back to sender.



  • Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,170 Mod ✭✭✭✭Wibbs


    A mate of mine is building a race/track car over the winter and was sourcing bits and bobs for it, some of which could only be easily come by from the UK and even with the correct documentation including the Taric codes he's had some stuff sent back to sender. One part took three goes before he got it and the sender didn't change one thing on the docs. It's almost as if they're being punative with UK stuff.

    Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.



  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!



    Punative? A professional outfit in the UK trying to ship an item to me for the second time is calling the Irish customs office by its true name: anal. Even the lads in the Irish post office were embarrassed by what customs are doing. We all know there is plenty of anti-British sentiment throughout Irish society. Maybe a lot of that is concentrated in customs.



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    Lads!

    Some of the rises in asking prices for non-Rolex bits over the last couple of months is eye-popping!

    Now granted, asking price is not sale price but I tend to keep an eye on VC Overseas pricing both because I have a gen 1 and because I had my eye on a gen 2.

    But an example is this in May/June the blue 42040/42 was priced between €9.5k and €14k.

    Last night? These were the prices on Chrono24 with the cheapest being already reserved. Now my usual Chrono24 for a lot of stuff listed there is -30% for a "realistic" price but these are listed at fixed price 😮.

    I'd already had a low 5figure offer for a consignment sale (wasn't selling, but curious as to what their fees and process were). If there's a bubble around Rolex? It is certainly starting to trickle out and raise the prices of other high end sports watches too!😳😳

    42042

    42040 full set and fixed price

    42040 fullset and fixed price

    42040 watch only, reserved and if brought into EU? +VAT.




  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    yes seems things have gone mental... seller market at the moment


    had an interesting 'falling out' on adverts yesterday... lad selling a flightmaster for 350 euro... creation selling them for about 210... i posted the link and mentioned how i picked one up last week for 220 delivered from NI.. which i did... he blocked me and reported me for false advertising :)



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    Prices with everything seem to have gone mad lately. I booked a car this morning for 10 days for our holiday at the end of this month, Usually pay between €200 - €250. €500 is the cheapest I got and that's after paying near double for flights .



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    TBH, I booked our 2022 holiday on Saturday and Irish prices were crazy! Booked the same holiday via UK and even accounting for extra flights and 1 night in a hotel... I saved over €2k 😮

    If I'd booked from Ireland? I'd also need to sort new ESTAs as the direct option from Dub was replaced with US stopover! Have a notion that £stg is going to drop v € too before full payment is due on the holiday so I'll be doing some FX trading before then.

    On top of the saving in UK price v here. I got 0.5% back on tcb, 3% back on my crypto card and had a £150 off voucher too6😁 now just to get Thirdfox to sort my itinerary while I'm there 😂😂

    But! Back on topic! Prices are still mental 😮



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  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address




  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    Not quite 😉 but, I did get 4 of us away to Mexico incl SNN-MAN and a 1 hotel stay for the same price I 3 of us went in 2018 😁



  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    And you bought your gen 1 for €4k? Nice one 😂



  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Was at the Bond movie yesterday... the new seammaster looked nice on mesh.. its an incredibly light watch from when i tried on few weeks ago.

    i had my datejust on and noticed the lume properly for the first time..



  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    I ignore any of these “reserved” ones. I think that’s a scam to try and sell more expensive listings personally.

    Impossible to know the value unless you try and sell. I think 9-10k might be achievable as a private seller.

    you said you would offer it back to me………..…...remember?



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    Of course I do 😉 and as I said to you not so long ago. It's not one I plan on selling. Rather it's a yardstick I'm judging the rising tide by.

    It's all well and good me selling it? I'd then have a pot of cash and be unable to afford nearly as good a watch 😜 it's one that still brings me joy every time I wear it.

    If someone wants to swap me a dualtime for it tho?😂😂



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  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    I didn't, but I bought mine off the lad who did 😂😂



  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    I don’t want it back! But I hope you do well of it! Nice to see the Rolex tide rising all boats. But that is part of the problem. You can sell yours for more but have to pay more for the next one so it’s a zero sum game in the end.


    I think c24 is becoming more and more out of touch. It has to be. I am basing that off my own watches on that. The average on my aqua has rising 15k in 6 months. Yet I got an offer from WF for around 20k less than the current average a month ago or so.


    But better to see the graph slopping upwards than downwards.



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    I tend to agree on the C24 side tbh, as I said my usual rule of thumb there for value is minus 30%. With VC tho and in particular gen 2 and 3 (because size wise I do think they are more desirable). There is a lack of supply IMO and more and more of the watches on offer are fixed price. Almost nothing on Watchuseek or WatchRecon, 1 in the US at $12k which with VAT quickly becomes a €13.5k watch here.

    I'd said to you previously that I thought a spike was coming and your own gen 2 valuation was soft. The current state of play, albeit without actual sale info would support that. I did send watchchart's an email asking them to do a comparison for Gen 1 but yet to see anything 😂



  • Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,170 Mod ✭✭✭✭Wibbs


    C24 has always had "interesting" valuations, at least on the vintage side where I'd have much more knowledge than in the new and current(where I'd have feck all). The general rule was ebay auction or forum price as a base, then add 20-30% for a private seller on C24, add 50-100% or more for a dealer on C24.

    With the new stuff my take would be that the rising Rolex tide is lifting other boats. Plus the overpriced Rolex grey values are getting a few to look around for higher level watches from other brands like AP, VC and Patek at the same prices. Kinda like current BMW prices are opening up Ferrari options. Add in the pandemic push and rising prices anyway and people looking to non cash/bank reserves of value and watches, particularly current Rolex sport models being seen as investments and it's not surprising.

    Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    That's pretty much my own take on it too Wibbs. It's taken quite a while for that tide to expand beyond Rolex and AP, but now it has.

    Still without visibility of sales prices it's all academic, but asking prices have grown massively in 4 months.



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  • Registered Users, Registered Users 2 Posts: 20,202 ✭✭✭✭Cyrus


    ill probably test the market with my VC Gen 2 on C24 in the next few weeks so lets see.



  • Registered Users, Registered Users 2 Posts: 16,933 ✭✭✭✭banie01


    I may have an interest in it? Though your Zenith might be more my cup of tea currently 😉

    A heads up on either, tho tbh given what a gen 2 is worth, the chronomaster is as far as I could stretch would be much appreciated.



  • Registered Users, Registered Users 2 Posts: 1,012 ✭✭✭njburke


    Ok bit of a quandary here. I have a brother in law who was born in '74.

    He was over for coffee with his Mrs and somehow the conversation moved to watchs and I brought down the box. I have 69,73, 71, And 74 watches to show him. He liked the 74 and 69 accutrons because of the tuning fork and smooth sweep.

    At that point, it occurred to me the decent thing to do was get a new Hirsch strap for the n74 accutron, and well, just give it to him.

    He's a card carrying NCAD industrial designer, for some reason apple products feature in his life, he does UX for living. Do I give him a serviced sweet looking accutron to see if I can spark an interest? And yes he currently wears an apple watch, can such folks be turned. He was born in 74, so the accutron would be birth year watch.



  • Registered Users, Registered Users 2 Posts: 8,812 ✭✭✭micks_address


    Id ask him if he’d wear it. If it’s just going to sit in a box and he prefers smart watches is there any point? Like giving a car to someone who doesn’t drive. That said I’m sure he’d appreciate the gesture



  • Registered Users, Registered Users 2 Posts: 1,012 ✭✭✭njburke


    I'll get a strap for it and make the offer that he can have it if he wears it every now and then.



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    Surely these are pricing mistakes ??





  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    Which? Their asking prices are always strong 😂



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    All of them - €17k for a sub date is mental money - €22k for a Kermit !!



  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    They do seem strong but real dealer prices (ie one that pays tax and has overheads) vs Instagram dealers vs private market are all different ball games.


    as the prices are in euros is there any chance they have included VAT?



  • Registered Users, Registered Users 2 Posts: 20,202 ✭✭✭✭Cyrus




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  • Registered Users, Registered Users 2 Posts: 2,553 ✭✭✭Fitz II


    I think they are prepping for the Christmas busy time and getting the prices up for then, prices are flagged to increase Nov, Dec and Jan and then settle again. Its what TPG and Roman Sharf are doing, and seeing as P&P take their lead from them that probably the cause.



  • Registered Users Posts: 1,938 ✭✭✭C0N0R


    Do prices traditionally slide back in the new year then at some point?



  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    Did Nico not get the memo that Rolex prices are falling? 😅



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    Can you imagine sitting on the fence about Rolex for the last year and not buying one ? You’d feel a bit daft now



  • Registered Users, Registered Users 2 Posts: 65,709 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    That has been the same story for several years in a row now. Many of the regulars in here say Rolex sports are a bubble that's about to burst, but we have seen no signs of that at all. And what Fitz says the confidence in upping the prices significantly for the holiday season points to the opposite.



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh




  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    Not as daft as I would be feeling if I claimed prices were dropping last week 😅.


    Personally I don’t like Rolex styling. Buried deep in German stuff in my head. I was on the verge of committing to the kinda watch what that would leave a big depreciation hole in my pocket before Fitz said something to make me see sense. The depreciation not being the issue by the way. Rather the risk of buying a watch blindly having never handled it.



  • Registered Users, Registered Users 2 Posts: 2,720 ✭✭✭scwazrh


    I also thought crypto wouldn’t crash and Celtic tiger would never die so don’t take money advice from me.

    The yacht master on the site is stg £13750 which equates to roughly €16k but if you select as shipping to Ireland the price is €19200 so it must be vat being added on that’s throwing the price out .



  • Registered Users, Registered Users 2 Posts: 9,152 ✭✭✭893bet


    What goes up must come down. But the down ain’t started yet.

    I did say above it was likely the VAT element for euro sales.



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  • Registered Users, Registered Users 2 Posts: 5,140 ✭✭✭James Bond Junior




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