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Watch Reporter Weekly - March 29, 2024

Watch Reporter Weekly - March 29, 2024

Watch Reporter
March 28, 2024

Watch Market LIFTING OFF?

The watch market is getting a boost from strong stock market and crypto performance over recent months. US consumers are becoming positive about the economy. Our dealer network is reporting strong sales volume in recent weeks across modern Rolex for watches that are competitvely priced. This is spilling over into AP, and Patek Philippe and the Crypto Bro favorite - Richard Mille.

Nobody is expecting a return to the speculative frenzy of the Covid Boom. The “smart money” consensus is that prices will lift +10-15% between now and the election - as long as economic conditions remain stable.

Recent auction results have been strong at Phillips and Sothebys worldwide.

Rolex “Hulk” 116610LV ,full set,- SOLD US$17,850 Phillips HK

FP Journe Chronomètre Souverain “Havana” - full set- SOLD US$74,000 Phillips HK

Jaeger Le Coultre 270.2.55 Perpetual Calendar limited edition, full set - SOLD $27,500

MONACO LEGENDS AUCTION

Serious watch collector’s are gearing up for the highlight of the year: Monaco Legends auction on April 20. As always, the auction serves up rare and desirable vintage watches from the top brands: Patek Philipe, Rolex, AP and more. JOIN OUR LIVESTREAM TONIGHT 8:00PM EST for a preview!

_{DEAL of The Week}

Patek Philippe 5140P - $49,992. This watch is offered with box only. As such, it’s a $25K discount to comps with full set. As always, buying a Patek without full set is a dicey proposition. But if you can get the Patek Philippe Extract from the Archives, and assemble the brochure, the value is there. $250 DISCOUNT when you call Richard, and say you saw this on Watch Reporter

Patek Philippe 5140P - Perpetual Calendar Platinum

Best of Instagram

Audemars Piguet 15510BC white gold with baguette diamond indexes, limited to 100 @officialwatches

is Ebel the NEXT Pump?

Miami Vice changed Don Johnson’s original Rolex Day Date for this Ebel Chrono as the showprogressed.

European dealers have loaded up on Ebel, and now pumping this as “the next thing”. The Miami Beach Antiques show had several Italian dealers showcasing 80’s and early 90’s Ebel. Is Ebel the NEXT hype/pump like recent Cartier action? What do YOU think? write in and let us know!

Ebel @watchbrotherslondon Reserved in the broadcast🙏 Mega yellow gold x matte blue summer combo☀️ congrats J! Ref. 8134901 ft. El Primero Chronograph.