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Can confirm that mechanical wristwatches have experienced the same. Some MSRP $20k watches can resell for over $100k currently. Pokemon cards, watches, comics,

by kilbuz 5y ago

Can confirm that mechanical wristwatches have experienced the same. Some MSRP $20k watches can resell for over $100k currently. Pokemon cards, watches, comics, video games, NFTs, houses, yachts, all are very hard to buy right now, even for the wealthy (because of bidding wars and limited supply). Lots of money sloshing around.

pjbk 5y ago
Same for guitars in those money brackets.
PragmaticPulp 5y ago
I don't know many people into trading collectibles, but the few I've talked to have no illusions that this trend will continue forever. They're gambling that they can cash in on short-term market euphoria and hope that they can get out before it all collapses. Who knows what will actually happen. It's interesting to see collectible companies cashing in by manufacturing more "rare" collectibles out of thin air at a rapid pace.
ryanlol 5y ago
> Some MSRP $20k watches can resell for over $100k currently. Which? The base model Nautilus retails for $30k and the prices only skyrocketed because it was discontinued.
NhanH 5y ago
Out of curiosity, can you list a few watches that sell for more than 100k starting from 20k MSRP? Even the daytona and silver snoopy are not having that big of a jump
- hellbannedguy 5y ago
  I haven't seen that big of a jump in any watch these last few years. A few Rolex models are being sold 2x their MSRP. I believe Rolex, like Nike, are throttling down machines in order to keep the charade going? Giving middle class, and wealthy people a check, when most didn't need it didn't help much either. I heard a few guys mention, now I will get that Sub with my check. Rolex is a nonprofit entity. They stopped selling parts, or technical manuals, to Independant Watchrepair Shops. So if you ever buy a new Rolex, the minute the warranty goes, you are essentially forced to send it back to the factory at outrageous prices. I still repair Rolexes, but it takes longer because I have to hunt down parts.
- ping_pong 5y ago
  Designer bags have gotten extremely expensive. I'm talking about the $8000-10000 bags. The thing to do is to buy an expensive bag, use it for a few years, and then sell it for a profit, so basically people are now looking at is as an investment.
  - ryanlol 5y ago
    It’s funny too because Birkins have been really easy to buy during the past year, I got several while touring europe during peak-COVID because nobody was picking up their orders.
- conro1108 5y ago
  Patek nautilus 5711/1A-010 retails for around 30k and seems to be going for ~120k these days. FP Journe chronometre bleu commands a similar premium, retailing for around 20k and selling for 80k.
  - ryanlol 5y ago
    It is going for 120k precisely because it’s no longer available available from the manufacturer, there’s no retail price.
aphextron 5y ago
>Can confirm that mechanical wristwatches have experienced the same. Yep. I'd been wanting to get a used Submariner for years now. Looked up prices the other day and they are literally double this time last year.

by kilbuz 5y ago

pjbk 5y ago

Same for guitars in those money brackets.

PragmaticPulp 5y ago

I don't know many people into trading collectibles, but the few I've talked to have no illusions that this trend will continue forever. They're gambling that they can cash in on short-term market euphoria and hope that they can get out before it all collapses. Who knows what will actually happen. It's interesting to see collectible companies cashing in by manufacturing more "rare" collectibles out of thin air at a rapid pace.

ryanlol 5y ago

> Some MSRP $20k watches can resell for over $100k currently. Which? The base model Nautilus retails for $30k and the prices only skyrocketed because it was discontinued.

NhanH 5y ago

Out of curiosity, can you list a few watches that sell for more than 100k starting from 20k MSRP? Even the daytona and silver snoopy are not having that big of a jump

hellbannedguy 5y ago
I haven't seen that big of a jump in any watch these last few years. A few Rolex models are being sold 2x their MSRP. I believe Rolex, like Nike, are throttling down machines in order to keep the charade going? Giving middle class, and wealthy people a check, when most didn't need it didn't help much either. I heard a few guys mention, now I will get that Sub with my check. Rolex is a nonprofit entity. They stopped selling parts, or technical manuals, to Independant Watchrepair Shops. So if you ever buy a new Rolex, the minute the warranty goes, you are essentially forced to send it back to the factory at outrageous prices. I still repair Rolexes, but it takes longer because I have to hunt down parts.
ping_pong 5y ago
Designer bags have gotten extremely expensive. I'm talking about the $8000-10000 bags. The thing to do is to buy an expensive bag, use it for a few years, and then sell it for a profit, so basically people are now looking at is as an investment.
- ryanlol 5y ago
  It’s funny too because Birkins have been really easy to buy during the past year, I got several while touring europe during peak-COVID because nobody was picking up their orders.
conro1108 5y ago
Patek nautilus 5711/1A-010 retails for around 30k and seems to be going for ~120k these days. FP Journe chronometre bleu commands a similar premium, retailing for around 20k and selling for 80k.
- ryanlol 5y ago
  It is going for 120k precisely because it’s no longer available available from the manufacturer, there’s no retail price.

aphextron 5y ago

>Can confirm that mechanical wristwatches have experienced the same. Yep. I'd been wanting to get a used Submariner for years now. Looked up prices the other day and they are literally double this time last year.