Prices for the most traded pre-owned AAA replica watches dropped sharply again in October, and are are now selling at levels not seen for a year or more.
Sites like Chrono24, Watchcharts and Subdial, which track prices of cheap UK fake watches on the secondary market, tend to over-state prices because dealers advertise products for higher prices than they are achieving in the current cooling market.
Even with this slightly rose-tinted view of the sector, there are now hot high quality Rolex replica watches like the steel on steel Daytona, that is cheaper to buy today than a year ago, despite a massive spike in the first quarter of this year.
Traders have been talking up the theory that pre-owned prices have found a floor since summer and now is a good time to buy, but the data suggest it is still a buyers’ market.
Chrono24 shows the price of an unworn, white-dialed Swiss made copy Rolex Daytona watches rising from $33,000 in October last year to $45,000 in April.
Today it is estimated to be worth $31,500, a third off its peak but still more than double its $14,550 price at an authorised dealer.
The most recent steel Daytona sold on Watchcollecting.com, a good place to check whether traders’ advertised prices are being inflated, went for £24,500 ($28,080 at today’s exchange rate).
The unworn 2021 best replica watches, sold on October 21, had a full set of box, papers and factory stickers.
Subdial.co estimates the same Daytona to be worth £24,384 after a 9.3% slump in the past 30 days.
Perfect fake watches, particularly from Rolex, whose prices rose fastest in the six months to the end of Q1 have subsequently fallen furthest.
A Submariner with black dial and green bezel, known as the Kermit, saw its price rise from $18,365 in October last year to a peak of $25,519 in March of this year before losing almost all of that gain to trade today at $19,889, according to Chrono24.
Subdial has the price of the same watch at under $17,000. It retails for $10,100.
Rolex is not the only brand that is still cooling on the secondary market.
Luxury replica Patek Philippe’s near mythical Nautilus 5711 watches, which was discontinued last year, has seen its price drop by a third since peaking at around $220,000.
Today you can pick up an example for $157,000, according to Chrono24.
Also on the discontinued list, Audemars Piguet’s Royal Oak Jumbo super clone watches for sale, peaked at $155,000 and dealers will now accept $110,000.
A 2019 Jumbo sold on Watchcollecting.com in September for £66,250 ($76,000).
“The only way is up.” Yazz sang it back in 1988, and for investors, it’s a dogma. But what if reality is different? Much of the astronomical rise in prices for some brands’ models can be attributed to the birth and rise of a new type of collector — the AAA UK replica watches investor. But the only way is no longer up. Yes, on the secondary watch market, premiums for selected timepieces are still at historical and hysterical highs. But there are signs that the rise of Rolex, Patek Philippe, and Audemars Piguet icons is losing momentum. Are we witnessing the start of a massive and quick downfall? Or are we merely looking at a normal and natural correction?
Love for a watch can be based on passion, but it also can be based on greed. When you truly love a watch with all your heart, you don’t care too much about how it performs on the secondary market. That’s because you like wearing it way too much, and you don’t dream of selling it. But when you are an investor, your love for a watch is purely and solely based on its financial performance. The way investors operate has made a huge impact on the watch market, not just in terms of price developments, but also in the way that high quality fake watches are perceived.
Rolex, Patek Philippe, and Audemars Piguet icons
For better or worse, it’s all about the money. Unstable financial markets and low interest rates made money worthless to investors. However, 1:1 luxury replica watches from the most prestigious and famous brands — the main players are Rolex, Patek Philippe, and Audemars Piguet — proved to be a great alternative. Thanks to a perfect storm that, apart from low interest rates, also consisted of a global virus outbreak and production shortages, the secondary watch market experienced a period of unprecedented growth since the start of the COVID-19 pandemic in early 2020.
The arrival of aggressive watch investors created a feeding frenzy that both bewildered and disgusted longtime watch aficionados. A watch was no longer an artisanal object of desire. Instead, a watch had become a commodity. But with a world slowly but surely adapting to a new reality, the prices on the secondary market are no longer on a steep rise. That’s bad news for investors but good news for the watch fan who’s in it for the Swiss made copy watches, not the money. Well, I wouldn’t bust out the melted butter just yet. The watch market is still heated.
A price avalanche or a small correction?
Let me give you an example. Last year, popular Rolex replica watches for sale like the GMT-Master II, Daytona, and Submariner traded on the secondary market with up to a 50% premium — that’s the list price plus half of it on top. But a recent Morgan Stanley Research Foundation report shows that Rolex prices are now -9% on the secondary market compared to the peak they reached in April of this year. The trend is no longer pointing upwards, but downwards, and that’s a first in a very long time. That downward trajectory could be explained by raging inflation, the collapse of cryptocurrency, and declines in the stock market. Also, the fact that people can spend money on holidays again has shifted the attention from super clone watches online store to travel.
Still, we need to monitor the prices closely in the coming months to find out if we’re dealing with a massive price avalanche or a normal, small correction. And please keep in mind that despite the decline, luxury Swiss movements fake watches from the likes of Rolex, Patek Philippe, and Audemars Piguet still performed better than stocks or crypto in 2022. And that’s even taking into account that some Royal Oak and Nautilus references saw a price dip of up to 30% since April of this year.
The biggest difference between Rolex and both Patek Philippe and Audemars Piguet — the three undisputed kings of the secondary market — is volume. Rolex churns out close to a million perfect replica watches per year. The traditional Haute Horlogerie brands Patek Philippe and Audemars Piguet have a yearly production of around 68,000 and 45,000 pieces respectively. A Rolex is, in many ways, less exclusive than a Patek or an AP. The average price of a Rolex is also much lower than that of an average Patek or AP, and there are many more of them.
While you can still forget about finding a steel Daytona, there are signs in the market that some steel top fake Rolex watches, such as the 36mm Explorer and Air King, are slowly but surely making their way to the brand boutiques and official dealers again. That means that some key factors of investing in a Rolex — the basis for the investment being the watch’s solid reputation of desirability and a scarce number of alternatives — are under pressure, as the drop in prices shows.
What is normal?
Now that the only way isn’t up anymore, where is it going? Back to normal? But then again, what is normal anyway? A world that went through a pandemic and is trying to find its bearings has to deal with a war on the outskirts of Europe and faces inflation that is at a 40-year high. That is the current normal. That’s the macrostate we’re in. The microstate — the $20 billion secondary market for luxury China replica watches — has our beloved timepieces in the world’s spotlight more than ever. We have the internet and social media to “thank” for that. But the digital world also narrowed the scope.
Social media, in particular, is the perfect instrument with which to paint a perfect picture. To put it bluntly, “Subs” and “Nautili” surf the wave of the algorithm and generate the most likes, propelling their wearer/posters to Insta-fame. Of course, Rolex has always been a symbol of success, but the new digital way of “showing off” watches has affected the watch market and also put niche brands such as Patek and AP in the limelight. As a result, an influenced group of “watch enthusiasts” behave as status seekers who are obsessed with the exact same fake watches paypal. And that has led to unavailable watches and caused prices on the parallel market to skyrocket. Is this the new normal?
It is true that luxury replica watches site have found a place in the public eye on a scale that we have never witnessed before. So the new normal is indeed a watch world that will be strongly influenced by online hype and trends. And as a result, buying a Rolex with a discount at your local dealer is unlikely to ever happen again (believe it or not, in the not-so-distant past, you could actually haggle over a Rolex at the dealer).
Yes, the growth of the secondary watch market started to stall in the second quarter of 2022. But overall, the secondary-market performance of watches is still very strong. The steel Nautilus 5711 will remain soaring high because it’s out of production. The 2022 fake Audemars Piguet Royal Oak watches will continue to shine because it’s being made in such low quantities. And because the Rolex presence on the internet is disproportionate to the number of watches the band produces, higher-than-retail prices will continue to exist for the most recognizable (status-heavy) models. I’ve asked myself before what could burst the Rolex bubble. Well, cranked-up production, raised interest rates, and a positive stock market sure will be beneficial. But better availability and cranked-up production will only help so much.
Embrace the “new normal”
The excessive growth in the secondary market has halted and is on a downward trajectory. But there’s also a solid baseline of value found in luxury timepieces from brands like Rolex, Patek, and Audemars Piguet. For these manufacturers, embracing the “new normal” is easy. But it’s brands that didn’t rise alongside this power trio who need to be worried. These are brands that are perceived as strong through the eyes of the well-informed best replica watches fan but don’t mean a lot to newcomers. Sure, some brands profited from being able to offer alternatives to the Royal Oak, for instance.
The range of colors used in watchmaking has grown dramatically over the past ten years. When blue became the it-color, and before green took over, the white/gray/black triumvirate came to an end. Since then, new hues have kept popping up. The entire rainbow and beyond are now needed to fill dials : chocolate, fumé, gradient of all colors, shades of red, flashy orange and every other unlikely variation. You’ll have to agree that demand for such exotic colors cannot be that large. You need to own at least twelve luxury replica watches to feel the need to buy a purple one, right ?
So the dial palette had become wide, but it had never sparked insanity, boosted resell value or blown up a waiting list. That’s when the AAA UK fake Patek Philippe Tiffany ref. 5711/1A-018 watches with Tiffany-blue (i.e. turquoise) dial came up. For those who don’t read the Horological Review of Mental Illness that’s become the replica watch resell market, one of those sold for $6,503,000 at a Philips auction in New York, on December 11th 2021. That’s about 200 times its retail price.
The internet caught fire. Memes sprouted faster than coffee shops in a gentrified neighborhood. It proved everyone right : those who denounce speculative perfect copy watches and those who live off of them, and want to promote them ever further
But this time, it was contagious. The fever spread to other turquoise replica watches for sale. This color, even though unloved, marginal, absolutely not for everyone, is getting its moment under the spotlight. The typical example is the best fake Rolex Oyster Perpetual watches, mainly the 41 mm ref. 124300. It now resells for 3 to 5 times as much as any other color in the range. Yes, 300% to 500 % more. And it’s not even turquoise, it’s baby blue !
And then reinfection occurred with the Patek Philippe Nautilus Perpetual Calendar Tiffany super clone watches wholesale online, a turquoise-blue unique piece seen on the wrist of LVMH big boss Bernard Arnault. And the memes went wild again with speculation that the latter was going to acquire the former… some guys are really trigger happy with wild deductions, conspiracy-theory-style.
Turquoise blue is the omicron variant of watchmaking. It spreads like wildfire. 1:1 top Patek Philippe replica watches is patient zero. Symptoms include purchasing fever, loss of mathematical ability, severe common sense alterations, aggravated color blindness. Oh Dear, how many lagoon-type fake watches store site are we gonna have to endure in 2022?