https://tropicalwatch.com/watches/uhrk




WTF.

 

think the currency selector of the site is stuck in Mex$

 

The prices on Speedy Apollo 13 - White Snoopy is just nuts. If you look at Chrono24, people a expecting crazy amounts for their Snoopy. I wonder what they really are sold for?

 

...and to think I had the chance to get one for £9k a few years ago but I wouldn’t part-exchange with my beloved Tudor Black Bay 79220N. Do I regret it?

Yes of course I do damn it!!

 

I think this would have been a much more appropriate Apollo 13 LE

 

I remember thinking it was overpriced at 13,000 - RIP

 

This is cheap compared to the one which got sold beginning this week, that price is without all related auction costs;

https://omegaforums.net/threads/october-5th-2020-snoopy-celebration.112405/page-14#post-1567709

 

Just unreal. I remember them at 12-13k and thinking it was crazy. What do I know?!

 

Like the late great Jackie Gleason used to say about a high price tag: "a mere bag of shells"

 

Retail is maximum I want to pay for a watch, if I'm late to the party or not lucky enough I will look at other pieces.

 

Its still cheap compared to the Hodinkee $200 clock @$5900.

 

god damn it, and I was saying who paid 13k for a white snoopy on dial and the chessy what could you do in seconds text

 

I think this is a prime example of how the watch market is mirroring the Tulip craze. We just need to step back and let the speculators do their thing until it blows up, then step back in when things level out.

 

The thing is, speculators have been doing their thing for several years now, at least in Rolex Land. It's not clear if things are ever going to level out.

 

I agree, and there is always the panic of I should have bought when. But there have been several surges in the watch market over the years- Bubblebacks come to mind.
The difference now vs- then is the advent of social media- it has broadened the market to a staggering proportions- and anything vintage or heritage based is hot-hot. But those consumers are fickle and will move on to the next wave when that comes...and we will still be here.

 

Am I the only one surprised by the appeal of this watch?

 

I always thought it would take an economic recession to see watch prices fall significantly, but it remains to be seen. Of course the current climate is unique, and it seems those who are buying watches with extreme values haven't blinked an eye.

 

Results like these make me think something nefarious could be going on... are watch auctions being used to clean dirty money...

 

I have been buying secondary market and vintage watches since the 80's and the pattern I've noticed is the very best examples still have a following, and if a piece is limited in number, it will still trade for pretty close to what they were prior to a downturn and hold their values rather than go up or down. They level off in other words, while the lesser pieces will drop in price as more come to market. Also the lesser pieces tend to be what casual collectors own, and casual collectors are more apt to be affected by recessions and need to offload their pieces to meet other obligations, whereas high end collectors may be more insulated against a recession and have no need to sell, and will even take the opportunity to buy, thus supporting the rarity market.

 

For sure I see where you're coming from to a point. I don't know if it necessarily justifies what I see as irrational exuberance, but that's just my opinion of course. The market ultimately decides and in this case it seems the asking is being met with the bidding...