We’ve talked about Rolex and Patek going up. We’re now seeing the cost basis for the majority of watches is going up. 

And dealers are not letting inventory go because they know they’re going to have a hard time getting it again at the same dollar

I’m seeing inquiries for Day-Dates from Rolex that previously nobody even talked to me about. Sky-Dweller’s are going up too.

It’s ridiculous...

...because these watches are all widely available in the secondary market

But the Rolex price increases and scarcity at the boutique level are making things more expensive across the board

And it's a huge opportunity if you're playing in the secondary market

If you’ve been paying attention then you know that I’ve been talking about this for months now. 

And we’re seeing it all play out. 

We gauge the market using primary drivers like the top watches in each threshold that are commonly traded i.e. Patek 5980/5990; Patek 5968/5168 market; Rolex Daytona

I’ve had more inquiries about Platinum Daytonas recently. The Daytona market seems to be up about 8-10%. 

So again all of this stuff keeps going up. And people are more and more asking for more and more of it. 

And it continues to get harder and harder to get allocations directly from Rolex

This is all pushing up pricing across the board

This is something to pay attention to