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Old 11-22-2016, 08:50 PM   #1
Potemkin
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Default Swiss Watch Exports Collapse

And the secondary market has some great values, more than the Oil Crunch in the 1980's and the Dot Com Bust in 2000's.

No need to settle for a Tudor.


And The Rich Get Poorer? Swiss Watch Exports Collapse At Fastest Pace Since Lehman


For the 16th month in a row (longer than the 14 month stretch during the financial crisis), Swiss Watch exports have collapsed year-over-year. As Bloomberg reports, the 16.4% plunge in October is the biggest monthly drop in seven years, as demand weakened in almost every major market for Rolex and Omega timepieces.

Bloomberg adds that shipments fell to 1.68 billion francs ($1.7 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday, with 13 of the top 15 markets were negative in October.



http://www.zerohedge.com/news/2016-1...st-pace-lehman
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Old 11-22-2016, 11:24 PM   #2
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Note the Apple Watch release date of April 2015. Most VCs and many of the private equity and hedge fund guys (surprised at the hedgies) I have met with recently are wearing them...
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Old 11-23-2016, 01:12 AM   #3
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And yet on the other side of the $$$$$ I've noticed watches are disappearing altogether. Yet another casualty of new tech...cell phones. Watches are going the way of the typewriter...and soon the laptop. Soon watches will only be worn by those thinking let them eat cake.
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Old 11-23-2016, 04:26 AM   #4
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If I were to wear pieces of expensive men jewelry (that is what the swiss watches have become), I would prefer something small and sturdy and not requiring constant maintanence and expensive add ons (like self winding watch stands etc.)

By the way, the Chinese look alikes are almost indistinguishable to anyone but the technical service guys (who open the cases) and they are 50 - 150 usd on the retail.
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Old 11-23-2016, 06:09 AM   #5
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From the chart one must assume that either ...

1... Fine red wine makes you not care what the time is

OR

2... The kind of people who used to buy Swiss watches are now alcoholics

There are other possible interpretations but I rather like the karma
implied by number 2.

..
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Old 11-23-2016, 09:53 AM   #6
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In a cashless society, we must find ways to finance illegal/immoral activity. Either we start holding gold, silver, stones, drugs, wines, coins, or stamps. Small, portable, historically proven methods of trading wealth.
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Old 11-23-2016, 03:31 PM   #7
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Quote:
Originally Posted by Oric View Post
If I were to wear pieces of expensive men jewelry (that is what the swiss watches have become), I would prefer something small and sturdy and not requiring constant maintanence and expensive add ons (like self winding watch stands etc.)

By the way, the Chinese look alikes are almost indistinguishable to anyone but the technical service guys (who open the cases) and they are 50 - 150 usd on the retail.
Yea, no. But the #1's with Japanese movements are nice.

*^#$@# inflation took them from the US$100 to the US$150 you mentioned.
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Old 11-23-2016, 05:05 PM   #8
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Mark my words!!!!! In 20 years, Timex ect. will be a highly collectable anti-tech fashion statement! Watches will become the big thing and counterfeits will be shunned.
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Old 11-23-2016, 09:11 PM   #9
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I bought an "Omega" automatic in Bangkok years ago..
My Rotary friends thought it was a genuine Omega.
My friends in the club laughed and said "Oh you went to Bangkok again!"
My boss became suspicious and thought I had robbed the imprest account of the project lol.

It worked impeccably for years.
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