Who Watches the Watchmen (Our Chit Chat Thread)

fulladapipes · 10-02-2022 11:38PM

https://www.boards.ie/discussion/comment/118613457#Comment_118613457

Oh oh.

scwazrh · 10-02-2022 11:58PM

https://www.boards.ie/discussion/comment/118613633#Comment_118613633

How do the bank transfer scams work? If you do an eft to another account , I didn’t think it can be reversed??

I would of thought bank transfers are the safest way but with the obvious time delay issue if not the same bank

unkel · 11-02-2022 12:07AM

Airking for €15k LOL

Cool watch, I like it, but not even the likes of Dawson's or P&P would retail that for anywhere near €15k. Worth about €5.5k a year ago. Now somewhere between €8-9k in a private sale

hitemfrank · 11-02-2022 07:50AM

Some mad inflation on that Air King as well in the last two weeks

unkel · 11-02-2022 09:44AM

I've been following a few AP ROO divers on Chrono since mid December or so. A few that were reasonably priced, sold. Of all the others, the sellers have been upping their prices regularly and they are all still for sale. Now that is what I call a bubble for sure. A lot of these price hikes are not real.

scwazrh · 11-02-2022 09:50AM

https://www.boards.ie/discussion/comment/118613999#Comment_118613999

If any one is mad enough to send a lump of money to a random person on adverts and wait for the postman they are up there with the women of tinder swindler.

I was thinking of the bank transfer in a different way - Say I go meet that seller , agree to buy the watch , do an eft there and then , give them the transfer Receipt number and show them proof of transfer of funds from my account , then leave with the watch .Where is the risk? As a buyer or seller is that a secure transaction?

Cyrus · 11-02-2022 09:54AM

https://www.boards.ie/discussion/comment/118613255#Comment_118613255

absolute chancer

893bet · 11-02-2022 09:56AM

https://www.boards.ie/discussion/comment/118614369#Comment_118614369

100 percent. Half of the watches not available or reserved.

Being pumped hard.

micks_address · 11-02-2022 10:45AM

https://www.boards.ie/discussion/comment/118614386#Comment_118614386

well as someone waiting on a bank transfer to hit my account since Monday id be pretty anxious handing over an item without actual funds in my account or cash in hand.. buying/selling watches privately over 3k makes me feel a bit uncomfortable.. id rather sell to a business if possible when amounts are 10k plus etc.. same as buying really... i can check out a rolex and think its pretty real.. but im no expert.. if it goes wrong its a whole heap of pain..

Wibbs · 11-02-2022 11:15AM

It'll be interesting to see now that covid has gone as quickly as it started, at least in the minds and lives of the vast majority, how this will affect the values of so called 'investment pieces'?

This has always been a letter perfect trajectory of an asset bubble, it was just a question of when and how it would pop. That it lasted so long is more interesting. IMHO covid made it last longer(classic car prices also went nuts on the back of it), the economic fallout of same could give it more life too. The very recent week on week climb in values usually comes just before an adjustment in perception among buyers of an asset bubble. Sales looking like stagnating another, because such bubbles require just 'one more eejit' to buy into it. The fear of missing out bit I think is waning, because prices went just that little bit too high. You'll have a lot more 'investors' at sub 20k for an 8 or 10kk RRP watch that appears to be scarce, than you will at 30k or more. If you bought into it five years ago and sold off last month, or variations of same; ketching! Not so much if you bought last month and have such investments in a safety deposit box. There's also simple fatigue and human attention spans at play too. Individually they tend to last around two years(interestingly about the same length of the 'honeymoon period' in romance, and pandemics funny enough😁), collectively as people come and go into it between three and five. It'll be interesting to see how it continues to evolve.

My take would be; nobody's going to be selling AP's for a couple of grand or anything like that, but sales will stagnate, buyers willing to pay over the odds will fade away and we'll be back to RRP, or just below it. Basically where we were six to eight years ago. Normalcy.

scwazrh · 11-02-2022 11:16AM

https://www.boards.ie/discussion/comment/118614613#Comment_118614613

Unless its international a bank transfer should never take more than 48 hours . EFT done in the morning is usually in recipients account by that evening and if not definitely by the following evening.

Agree business purchase always feel safer but the " buy the seller " always holds true

893bet · 11-02-2022 11:21AM

https://www.boards.ie/discussion/comment/118614386#Comment_118614386

I would be ok with that with someone I kinda know (eg from a forum). Ideally meeting in their house so I have a place to go back to. Then as a buyer they need a lot of trust to open their home like that.

But in general for me it’s cash or a cleared BT before watch leaves my possession.

Once you are dealing in the 10k plus’s range it gets tricky. Like trying to sell an expensive car privately. Not that easy.

If/when I sell my aquanaut it’s gonna be tricky and I will likely go trade route with a watch and cash heading my way. First world problem.

scwazrh · 11-02-2022 11:31AM

@893bet If/when I sell my aquanaut it’s gonna be tricky and I will likely go trade route with a watch and cash heading my way. First world problem.

Ill make that easy for you , Retail price in cash today and Ill come to your house , Cant get better than that , Pm your address!!!

893bet · 11-02-2022 11:49AM

https://www.boards.ie/discussion/comment/118614868#Comment_118614868

You forgot the “3x” before retail.

shall we say 2 o clock and I will have the sausages on.

scwazrh · 11-02-2022 01:01PM

https://www.boards.ie/discussion/comment/118614970#Comment_118614970

That’s an expensive sausage sandwich

Ian OB · 11-02-2022 01:05PM

https://www.boards.ie/discussion/comment/118615348#Comment_118615348

"The quality goes in before the price goes on" as Tom Waites put it

893bet · 11-02-2022 01:15PM

https://www.boards.ie/discussion/comment/118615348#Comment_118615348

Sausage sandwich is actually apt for the market. Everyone is trying to **** the next guy harder than he was fucked and it will be the lad at the end that only has a sore arse with nothing to show for it.

scwazrh · 11-02-2022 03:06PM

Another watch on adverts that’s jumped in price . it was €8500 yesterday with a different seller

micks_address · 11-02-2022 03:57PM

Explorers arent moving at all. There's 3 locally that have been on/off adverts for last 12 months.. one sold last week.. they are about an 8k watch privately but sellers are looking for 9 or 10.. i was almost tempted and tried on 2 and realised they weren't nearly as impressive on the wrist as my datejust or my friends sub. One thing ive sort of learned in the last 12 months if something has taken ages to sell then its probably not a good buy if you ever tend to shift it again. Higher end seiko's fit into this category.. you could easily drop 4 or 5k on a seiko sla high beat but try selling it again for that.. in ireland at least.. even on tz forums they take some time to shift..

unkel · 11-02-2022 04:44PM

Explorer 39mm genuinely has jumped up as it is discontinued. It's a very nice entry level Rolex watch, but very understated. Agree it really isn't a €10k watch though. But not a million miles off for full set in mint condition either. Goes to show. I bought mine 21 months ago for €5.5k. From a dealer.

I got my full €10,750 asking price for a mint full set polar Explorer II this week. A watch worth no more than €6k two years ago.