Changes afoot in the secondary market

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Annapolis

·Oct 10, 2024

Hodinkee is now part of Watches of Switzerland. Crown & Caliber was just acquired by European Watch Company.

Not sure what any of this signifies for the market as a whole or Omega specifically, but it does seem like things are cooling and consolidating a bit.

Anyway, just sharing as general interest news.

 

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Evitzee

·Oct 10, 2024

C&C was pretty much defunct, maybe EWC is buying it for its technology, or some other aspect. The fear of Hodinkee being owned by WoS is it will just be a sales voice.

 

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scapa

·Oct 10, 2024

Feels like Hodinkee overreached in its bid to be both a hyper and big vendor -- they seemed to be shedding stocks of watches in recent sales. Maybe editorial content returns? Feels like a bigger brother to whatever Teddy B's setup is now.

 

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alam

·Oct 10, 2024

Speaking about changes in the secondary market, I stumbled with this the other day, not sure if it has been posted here.

 

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Mark020

·Oct 10, 2024·not the sharpest pencil in the ΩF drawer

Evitzee

The fear of Hodinkee being owned by WoS is it will just be a sales voice.

So not much changing there 😜

 

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UncleBuck

·Oct 10, 2024

Somebody said Ash and Trev are entertaining huuuuuge offers.........

 

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dsio

·Oct 11, 2024·Ash @ ΩF

UncleBuck

Somebody said Ash and Trev are entertaining huuuuuge offers.........

We’ve had a few offers, including some big ones but didn’t take them. Also didn’t tell our partners about those offers in case they made us.

What’s funny is back in 2016 someone started this rumour that we had made a deal to sell the site to Swatch and that it was all signed. We didn’t even have a contact at Swatch, and it would have made zero sense for them as every watch brand that owned its own forum has been a failure.

A handful of people even left the site in protest over us selling it to them… not sure if they realised it was all made up and returned over the last 8 years.

 

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mjb

·Oct 11, 2024

dsio

We’ve had a few offers, including some big ones but didn’t take them. Also didn’t tell our partners about those offers in case they made us.

What’s funny is back in 2016 someone started this rumour that we had made a deal to sell the site to Swatch and that it was all signed. We didn’t even have a contact at Swatch, and it would have made zero sense for them as every watch brand that owned its own forum has been a failure.

A handful of people even left the site in protest over us selling it to them… not sure if they realised it was all made up and returned over the last 8 years.

That is funny.

Recently I came across a presumably independent review site that I had used before, and I noticed that regardless of what they were comparing or writing about, one particular brand always topped-out. Then I went into the fine print and discovered that the brand had bought the site. So, duh.

Of course, I trust nothing that I read on the Internet (except for you guys) so it's not a huge loss.

Back to the original topic, yes, it does seem that the secondary market has calmed down a bit, which is nice for those of us who need more than one watch! 😉

 

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M'Bob

·Oct 11, 2024

The news, if true, is a double-edged sword for true collectors and hobbyists. Yes, the value of their portfolio may have dipped, but new pieces can be acquired more inexpensively, and it disincentivizes flippers and other peripheral dipshits from joining the fray.

 

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gbesq

·Oct 11, 2024

Yes, JWRosenthal and I are mapping out our long term strategies for monetizing the Mid-Atlantic G2G. We haven't determined yet whether we're going to sell it to a conglomerate or incorporate and sell franchises worldwide. James' wife will make billions from royalties on the original oil prints alone.

 

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Larry S

·Oct 11, 2024·Color Commentator for the Hyperbole.

There does appear to be some content returning to the Dink …. EWC seems to be a top notch dealer.

 

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Evitzee

·Oct 11, 2024

Larry S

There does appear to be some content returning to the Dink …. EWC seems to be a top notch dealer.

I've dealt with them on buy, sell and trade deals, solid performer, no BS or funny games.