What happened to the Nautilus market last week?

[Jamie1111]

Originally Posted by RHIII

Because people are realizing that they’re not worth 250% markup maybe??

The prices are absolutely ridiculous. And a $75k 5711 purchase should come with a mental health exam.


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Hahaha, good point


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[Fat_ninja]

Originally Posted by Jamie1111

He’s the only guy I watch on yt


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If you know any greys. They all sound the same. Stock broker for watches

[GreenLantern]

Originally Posted by Fat_ninja

If you know any greys. They all sound the same. Stock broker for watches

[drtii]

Originally Posted by Calatrava r

Believe it or not the rich folks now want PM. SS is fading fast. Who would have guessed. Look at the Rolex page, all PM pieces.

Nahhh, they want what they can't have until they find something close and can have it now.

Rolex PM's are moving because they're in-stock and when compared to the premium on SS pieces, roughly the same price (sometimes well cheaper)

Example: You can buy a 116503 for $16,900 (MSRP). I've been offered 2 in the last 6 weeks a black and a white dial.

Now, you compare this to a $26k 116500LN and it's a no-brainer. It's basically the same watch with more valuable metal!

For the most part, rich people aren't dumb. They can see value there and know that they're getting more bang for their buck on a piece that they can still call a Daytona, still pretend it's "hard to get" and has the look for a large discount to SS.

[GreenLantern]

Originally Posted by drtii

For the most part, rich people aren't dumb.

Many rich people are dumb. There are a lot of newly / quickly rich minted over the past couple years.

It's hard to quantify what "for the most part" equates to, so I won't even try. :)

[Fat_ninja]

Originally Posted by GreenLantern

Many rich people are dumb. There are a lot of newly / quickly rich minted over the past couple years.

It's hard to quantify what "for the most part" equates to, so I won't even try. :)

Got me thinking.... would one prefer to be rich and dumb or smart and poor?

[locutus49]

Funny but people complain when watch prices go up and then complain when they go down.

[GreenLantern]

Originally Posted by locutus49

Funny but people complain when watch prices go up and then complain when they go down.

I starting voicing concern only when they went up unnaturally. Stable value appreciation is good. Bubble type behavior is bad.

[GreenLantern]

Originally Posted by Fat_ninja

Got me thinking.... would one prefer to be rich and dumb or smart and poor?

For me, and only me... Smart and poor.

That's where I started. At least, I think I was a tiny bit smart. :)

It's easier to change the poor part if you're smart, but harder to stay rich if you're not.

[GB-man]

Originally Posted by Fat_ninja

Got me thinking.... would one prefer to be rich and dumb or smart and poor?

I’ll take rich and dumb every time. I often wish I was an idiot. Seems like a less stressful existence.

[Fat_ninja]

Originally Posted by GB-man

I’ll take rich and dumb every time. I often wish I was an idiot. Seems like a less stressful existence.

Ignorance is bliss

So people tell me