So, was I right?
Thisclose…
…the market is up about 5-10% since then
And all signs point to AP and other uber-luxury brands like Richard Mille, Rolex (precious metals only) and Patek continuing to rise.
So what’s going on? Few things…
We’re seeing less good units on the market
We’re seeing aggressive price increases from manufacturers, and
Auxiliary things like Bitcoin values are kicking in
All in all, more people are excited and willing to again purchase these very special watches.
What this all means…
…is that we’re going into 2025 with the most exclusive watches being a really good place to play regardless if you are holding or flipping.
Here are a couple of my favorite plays right now
AP Royal Oak Offshore Rose Gold Black Dial (pictured)
This watch traded in the $50k & $60k range not so long ago. Units are now available and rising in the lower $30k range.
AP Royal Oak Offshore Chronograph Bucherer
Same story. This watch was trading in the $50k & $60k range back in 22 and 23. With only 300 units produced, it’s poised for a nice jump in the current environment; pieces are currently trading in the low $30s.
Let’s connect if you need to geek out on watches or want to learn more about the current opportunities in the market.