Actually, it not the ADs that are making top money, it is the private sellers who got allocations from the ADs & the grey market re-sellers. The prices for most watches from the factory are pretty flat rated even if prices are jumping by a few folds in the resale market. So investing in the actual watch itself pays way better than the stock.
I am avid watch collector of Rolex. If you see the pre-owned watch forums & shops, only three watch brands have the highest resale value namely Rolex, Patek Philippe & Audemars Piguet (AP). Other watch brands generate little interest or resale value. From your article, I wonder just like in semiconductor global chip shortage, currently all Rolex stocks at Authorized Dealers (AD) in Singapore are wipe out for the past year and with no news as to when the new stocks will come in. My question is how Hour Glass is going to earn more profit going forward if they have no or little stocks to sell due to world wide production shortage of Rolex and other luxury watches.
@@joshconsultancy I am 1 of the contributor to the increase in demand as well when I started going into the watch hobby 6yrs ago. The demand shows no sign of slowing down with many top brands hot models going for more than double and infact the Rolex Daytona is more than 3x the retail price. My Rolex GMT bought in 2018 at hourglass for 11.3k is worth 20k to 21k currently. If you walk into hourglass Rolex counter, you see empty showcases or exhibition models not for sale. The waiting list is so long that the watches are sold before it even hit the display. I think the gross profit is higher as retailers like hourglass need not give discounts for the hot, high value models like in the past.
I am by no means a luxury watch aficionado 😅 My most expensive watch is a Tag Heuer Aquaracer (probably about 1.5K). But ever since SmartWatches became more common, I've since switched. So much more useful (health tracking, etc). I thought that the luxury watch industry would slowly shrink, but obviously I am wrong!
@@joshconsultancy Tag Heuer is like any other fashion luxury. Probably with the likes of Hamilton along the car racing line, but if you just to choose the watch wise between these two, Hamilton would be a better choice, as it is under the Swatch Group, and you know Swatch is known for what.
@@joshconsultancy Sorry I really don't know the market value of my watch, as I didn't buy it with the intention to sell for a profit. Tag Heuer is not a "top-tier" watch brand as far as I can tell, so I don't expect it to retain value like some of the other brands you mentioned: Patek Philippe, etc
@@joshconsultancy I will love to, but my capability is not there yet. The most expensive I owned now is a Seiko. Seiko make good watch too. Seiko, 手工精业。 I'm more into the history of watch . Watch don't just tell time, it tells you a story.
Borders are opening and people will be travelling again.. So I am not sure if this would impact Hour Glass? Few years back, I would travel oversea to buy my watch instead. To avoid GST and get better price.
singapore stock market is soaring can you share your view on that? a few stocks i follow are making all time highs last year singapore stock market was the 2nd best performer in the world next to US.
why not own the Rolex itself? As you've seen, pre-owned are about 2x the listed price. And especially for Rolex, it has consistently retained its value and in more recent times, the 2nd hand market far outpaced the listed price.
erm good point. Idk actually coz im not a consumer. But brands like mercedes also have a 180cc model which is mass-market range? Any watch expert can chime in?
Supply is still limited. Longer demand just means longer wait list and higher secondary prices. Veblen goods basically. Like Hermes birkin.. high prices drive even higher demand. The commoners can dream on getting one at retail price
@@joshconsultancy I have a GMT 116710N which I bought in 2008 for 8,900sgd. The price has increased to 20-36k (grey market) and I have been queueing for the GMT pepsi jubilee and batman since 2017 but no chance...
@@joshconsultancy You will not be able to get a Q nowadays as the demand outstrips the production, unless u have constantly been a regular who have spend an unspoken amt on other watches which may not be your watch of choice, u may be lucky enough to be allocate the model you fancy & it may still take years to Q. Otherwise, buy from grey market but pay a premium above the ADs retail price.
Any new update for the earning report already out.
At 9:52, you mean strong tail waves right?
oops I meant tail winds. =P
Actually, it not the ADs that are making top money, it is the private sellers who got allocations from the ADs & the grey market re-sellers. The prices for most watches from the factory are pretty flat rated even if prices are jumping by a few folds in the resale market. So investing in the actual watch itself pays way better than the stock.
"private sellers who got allocations from the ADs & the grey market re-sellers." agree.
I am avid watch collector of Rolex. If you see the pre-owned watch forums & shops, only three watch brands have the highest resale value namely Rolex, Patek Philippe & Audemars Piguet (AP). Other watch brands generate little interest or resale value. From your article, I wonder just like in semiconductor global chip shortage, currently all Rolex stocks at Authorized Dealers (AD) in Singapore are wipe out for the past year and with no news as to when the new stocks will come in. My question is how Hour Glass is going to earn more profit going forward if they have no or little stocks to sell due to world wide production shortage of Rolex and other luxury watches.
That is valuable insight, thanks. What if I could write into management to learn more on it, hmmm...
Very interesting video, I appreciate your perspective and input - I collect watches myself!
no probs. What do you see in the luxury watch secondary market. Any peak in demand on the horizon?
@@joshconsultancy I am 1 of the contributor to the increase in demand as well when I started going into the watch hobby 6yrs ago. The demand shows no sign of slowing down with many top brands hot models going for more than double and infact the Rolex Daytona is more than 3x the retail price. My Rolex GMT bought in 2018 at hourglass for 11.3k is worth 20k to 21k currently. If you walk into hourglass Rolex counter, you see empty showcases or exhibition models not for sale. The waiting list is so long that the watches are sold before it even hit the display. I think the gross profit is higher as retailers like hourglass need not give discounts for the hot, high value models like in the past.
I am by no means a luxury watch aficionado 😅 My most expensive watch is a Tag Heuer Aquaracer (probably about 1.5K). But ever since SmartWatches became more common, I've since switched. So much more useful (health tracking, etc). I thought that the luxury watch industry would slowly shrink, but obviously I am wrong!
Now its for flexing haha. Whats market value for the "Tag Heuer Aquaracer" any idea?
@@joshconsultancy Tag Heuer is like any other fashion luxury. Probably with the likes of Hamilton along the car racing line, but if you just to choose the watch wise between these two, Hamilton would be a better choice, as it is under the Swatch Group, and you know Swatch is known for what.
@@joshconsultancy Sorry I really don't know the market value of my watch, as I didn't buy it with the intention to sell for a profit.
Tag Heuer is not a "top-tier" watch brand as far as I can tell, so I don't expect it to retain value like some of the other brands you mentioned: Patek Philippe, etc
@@goldbird86 thanks for the sharing. Do you buy luxury watches too?
@@joshconsultancy I will love to, but my capability is not there yet.
The most expensive I owned now is a Seiko. Seiko make good watch too. Seiko, 手工精业。
I'm more into the history of watch . Watch don't just tell time, it tells you a story.
If people could collect Bitcoin and NFT, collecting watches is more rational.
Take it from me, a watch collector, haha!
I was wondering if you could make a video about taking loans against your securities when an individual retires
I've usually suggested against margin. Even for during working years? Borrow against property or annuity plan much cheaper and less stressful
interesting, while HERMES luxury handbags manufacturer share price is going down
not sure. Might be company or industry specific headwinds?
Luxury watch is an art and it is difficult to fake it like art piece
Borders are opening and people will be travelling again.. So I am not sure if this would impact Hour Glass?
Few years back, I would travel oversea to buy my watch instead. To avoid GST and get better price.
Where would you go buy? and no local tax there?
Thanks
singapore stock market is soaring can you share your view on that?
a few stocks i follow are making all time highs
last year singapore stock market was the 2nd best performer in the world next to US.
2019-2021 everyone was laughing at SG and say buy only US. Things change. SG is weighted heavy on banks. At this moment it is in the shining light =).
Whichever company that retains the Rolex distributorship will always do well. Simple as that.
Any insights on how distributorship can change?
@@joshconsultancy breaking the rules set by Rolex
why not own the Rolex itself? As you've seen, pre-owned are about 2x the listed price. And especially for Rolex, it has consistently retained its value and in more recent times, the 2nd hand market far outpaced the listed price.
I guess there are other risk? Like buying a fake or inflated piece? Dunno, I guess I understand the hourglass stock better and its value =)
Fakes are never perfected and any trained master watchmaker can tell the difference
Dividend pay out twice a year, last year $2.73 till today $2.48 share price went down. 🤔🤔
confused. Same company?
@@joshconsultancy insider???
@@pereirakelvin67 Hourglass is around $2.10 today
Will watches continue to be perceived as luxury goods if mass market becomes a significant customer base?
erm good point. Idk actually coz im not a consumer. But brands like mercedes also have a 180cc model which is mass-market range? Any watch expert can chime in?
Supply is still limited. Longer demand just means longer wait list and higher secondary prices. Veblen goods basically. Like Hermes birkin.. high prices drive even higher demand. The commoners can dream on getting one at retail price
rolex price have jump alot
can share some more specifics in what youve seen?
@@joshconsultancy those sports series
@@joshconsultancy I have a GMT 116710N which I bought in 2008 for 8,900sgd. The price has increased to 20-36k (grey market) and I have been queueing for the GMT pepsi jubilee and batman since 2017 but no chance...
@@thomasheng6372 wow! How to queue? Is it with retailer like HOURGLASS?
@@joshconsultancy You will not be able to get a Q nowadays as the demand outstrips the production, unless u have constantly been a regular who have spend an unspoken amt on other watches which may not be your watch of choice, u may be lucky enough to be allocate the model you fancy & it may still take years to Q. Otherwise, buy from grey market but pay a premium above the ADs retail price.