re: Watches and Wonders 2021 Releases

Any word on Invicta’s new releases?

First I don't like to spend other people's money on used watches that I haven't held or at least are coming from a dealer I know.

That having been said I do have access to the industry-standard version of NADA/Blue Book that reports actual sales that you can then look at the listing, unsold items and tons of historical data. It is a 2531.80 and I prefer the 1120 movement to the later ETA modified with the coaxial escapement which in at least the A, B and C versions have issues, a lot of them just stop. Plus the 1120 is easier to get serviced outside of Omega. Plus the watch is a thinner.

I am looking at a couple of hundred sales over the last year and most sales are in the $2400 range, of the ones below $2k none of them are box and paper watches. The cheapest box and paper watch sale was about 6 months ago at $2150. The FMV price has trended up about 11% in the last year. There has been a big jump in avg sale price over the last month or so up nearly $300. Taking out this spike that may not be an accurate view of the market the average price is about $2400. Assuming the movement is in good health and the watch is in good shape for its age $2k seems like a good price, $1600 would be a steal. This watch has done really well against the rest of the similar watch market over the last year.

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Is 43mm something that will hold its value relatively well due to interest from WIS?

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That is hard to say, nobody can predict the WIS groupthink. I personally think it may end up being a tweener, too big for the smaller watch pitchfork crown and not historically sized for the flieger watch people and as you mention loses function.

I have always wanted a smaller Panerai Bronzo because the 46mm versions are HUGE even with a fairly short L to L my 44mm Submersibles are a chunk. But while I think they will sell well initially I am not sure about long term the Bronzos just produce an expectation of huge.

In the end, buy it if you like it but given it is an IWC I would wait and buy used or from the gray, there are rarely IWCs that you can't get deep discounts on once the initial run is over (if it even happens).

Will never understand how people waste/throw away so much money on jewelry.

Dat true Panda FTW.

For the same reason you wouldn’t understand a conversation with a physicist........it’s beyond your comprehension.

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Will never understand how people waste/throw away so much money on jewelry.

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I used to have this same point of view. And had a single Seiko diver.

Then, a few years ago, a client gifted me a Rolex OP 39. When I put it on, it felt... different. Then I picked up some different pieces to flip, including a Daytona and things went crazy for a bit.

Now I have a birth year Datejust, a GMT, a Panerai Luminor, and my daily beater is a Tudor Black Bay. And some cheaper, but just as satisfying pieces (my favorite being a Weiss manual wind field watch).

There is a noticeable difference in how your wrist feels when you put on a quality timepiece. Not to mention the appreciation of the craftsmanship that goes into decades of refining the timepieces. Not expecting this to make you understand, but just giving some insight on how the transition from low-end Seikos to mid-tier luxury watches can occur. I can only assume larger and more prestigious collections happen in similar (yet more expensive) fashion (looking at you Obtuse).

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Vacheron Constantin Collection Excellence Platine Split-Seconds Chronograph Ultra-Thin $255k check out the peripheral and that Maltese Cross adorned column when (drooling emogi)

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My Lord that is a beautiful watch

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Will never understand how people waste/throw away so much money on jewelry.

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I’ll never understand why people care so much about what others spend their money on. FYI I paid less than $4k for my 16800 Rolex. It’s worth significantly more than that now. Well more than any index fund would have returned in the same timeframe and I get to wear it and enjoy it every day.

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Obtuse1

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Off topic and not trying to highjack. Thanks for the Michael Young endorsement. I got my bracelet back a couple weeks ago and this 38 year old feels like it’s brand new. Absolutely amazing work.