Comparing the price of gold to the current inflated price of the market makes the ratio abysmal, however factoring in the MSRP of $59,140 it raises it to just over 13%, which is the cost that Patek Philippe endured when first selling it. You definitely got more “gold value” when buying it at retail, but let’s face it: no one is buying a gold watch for the added material value. It’s all about status and luxury. Steel models are even worse, with practically zero scrap value
Exactly, we just didn't want to use retail in the calculation because that would be the best case scenario and not based on free market dynamics. Market value is based on supply and demand and that's what we wanted to use in order to be very conservative.
@@Crmjewelers I pray I win the lottery..... that is a real prayer, Asking patek to lower prices, that is just wishful thinking... great video. once again>!
If you want a gold watch, buy vintage. The premium for gold is not so outrageous, perhaps in part because gold was much cheaper years ago. I am not talking about watches that are terribly high in demand, just good quality watches that happen to be made if gold. Do others agree?
@@Crmjewelers and by using the second hand market you just overselling and hyping up the industry for absolute no reason other than boosting up the scalper profit.
You missed the total point of this video, Michael. This video is not to hype how much watches have appreciated in value in the last few years, but to show the actual percentage of gold value relative to the market price. This is actually a waaaayyyy more conservative way of doing it.
904L Steel does have one of the best scratch resistant and it does have the shine unlike most 316l steel watches, Titanium are generally scratch proof, although there are some watches that uses grade 2 and it’s softer, Platinum is one of the strongest precious metals, and ceramic is not that scratch resistant, unless they are treated a certain way, like cerachrom is pretty robust cuz they’re manufactured well, they found the perfect doses for zirconium dioxide and al. oxide, they way they’re pressurized and heated also contributes to how durable and robustness of cerachrom, and theyre glazed beautifully. So yeah it depends tho... and some steel attracts scratches too...
Well the only one steel watch that's really hard to get scratched is Citizen. Don't know what kind of mix and treatment they use on it. It has the highest vicker hardness of all steel watches.
Well, they are putting gold, diamonds and a lot of other stuff in exclusive watches, but you are actually paying for the brand, rather than you getting that much gold for the 200K or whatever what you are paying for that specific watch. If you think a specific watch is worth its price relative to the quality of the watch, the brand, and the work put into making it, well buy it. But if you want to invest in gold, you would be better of just buying bullion coins instead.
It's similar for fountain pens. Gold-nibbed pens command significant premiums over steel-nibbed versions. The gain in writing performance is more often than not a placebo, and the price disparity is far, far beyond the cost of the metal. For example, a Pelikan M205 with a steel nib is about EUR 130-ish. The M405 with a gold nib is EUR 300. The nib itself weighs less than 1 gram. Overall, this is a reflection of just how much of a markup people are willing to pay for the name for "scarcity".
Need to subtract the weight of the watches movement, that is all the parts that actually keep time. Some is gold, but most parts are not. There are also seals and fasteners likely present, made of rubber, steel, titanium, etc
If you’re looking at an investment point it’s truly on demand and status want to comes up to watches I mean if you really look at it if you want to spend 300,000 Patek Philippe and Rolex are offering 18 karat when you come by bullion let’s say at roughly 2000 and ounce and it would be 24 karat gold not 18 so imagine how many ounces you can buy for 300,000 minus the Patek Philippe or Rolex Imel so don’t let anybody tell you that it’s an investment because of gold because if you want gold take your 300,000 and buy bullion I have watches that are worth thousands of dollars but I purchased them 20 years ago before the hype and they all went up in value but I also invested in bullion take it from a person with knowledge that’s been involved in this for many years when it comes to investing I think they’re kind of Missed the boat even if they go up a little more I mean I think it’s too scary to invest that much money I mean 10 years ago this watch is probably only 50,000 so that guy is a winner not you coming in and paying 300,000 thinking it’s gonna go to 450,000 you’re safer in buying property or physical gold you’re mostly paying for the namebrand it’s your money do what you want but like I said the guy who won when he paid 50,000 retail and was thinking it might go down in value around 10,000 but liked it and purchased it so as for you coming in now in the market and paying 300,000 would be ludicrous
Yeah but retail price is important, it lets you know how much the company thinks the watch is worth, which is important since they’re the ones who made it. But at the end of the day we’ll never see a breakdown on how much it costs to make these watches so people only care about resale value. I wish these brands made long videos on making their watches instead of just showing a couple minutes of them finishing some parts
Wow, stopped being produced in 2022 and it's already an antique. If your gonna spend that much on a watch though i would have mine made out of gold. They look great, they stand out from a mile away, nothing else looks like 18k gold apart from 18k gold, yellow gold though, more so when are satin finished ironically.
Do one of stainless steel AP Royal Oak Blue Dial to work out the weight cost of stainless % to the currenr market price of that watch 😊. Love the videos guys
This video makes no sense... if there should be any comparison it should be cost of gold vs retail price... and either way no one buys watches based on the scrap value... you are paying for craftsmanship.
Now, we know that Rose gold is 75% gold and 25% copper. We also know that the 18k is also just 75% of pure gold, therefore we cannot use the cost per gram of 100% pure gold. This means the gold in the Patek will even be much cheaper than calculated😅😊
After watching this my desire for the watch game just went down! The unjustified prices are ridiculous. Not even 10k worth of gold and an asshole is really going to insist on asking for 300k. No sir you can keep that. I hope you buy more so you can keep that too. Collecting dust that is! Rolex is the most reasonable watch in the game period!
I mean that is the resale price, AD MSRP goes for around 60,000 USD that doesn’t include sapphire, manufacturing, and the actual watchmaking itself, those gold ingot don’t turn themself into a bracelet and a bezel and a case dont it , and those watch don’t assemble themselves, watchmaker gotta eat too right? U use their service and don’t wanna pay? What’s that say about haute horlogerie then if yourself is not of high personality.
Market price, which is based on supply and demand. That's a more conservative figure to use than a price fixed by a manufacturer and not part of a free market system.
He's a voiceover artist we hired because this is an educational video that's different from our vlogs and other stuff. We wanted to make this more "cinematic" for the general public. 🤷
En France chez Patek Philippe cette montre ce vend 52763$ 48900€ et en poids d or 18 carats 172grs = 7214€ et au prix du grammes d or travailler (170$ for 1grs) 31000$ d'or
The Grey Market price is irrelevant. Now you are dealing with speculation. Why not take the AD price. That way you can see what Patek adds for R&D, Marketing etc.
The AD's price is an arbitrary price. It is set by them as they see fit. What is a just amount to mark up a product above cost of materials and labor? Who the hell knows the answer to that? No one does because there's no right answer. Is like telling the market that a work of art shouldn't appreciate or sell for a certain value because the artist initially sold the piece for a lower value. That wouldn't make any sense. Supply and demand dictate the price of things in a free market economy. ADs/manufacturers are not Gods. They're businesses. Retail prices are as irrelevant as market prices despite all these pointless discussions.
Let’s say you compromise with yourself and say OK I’m gonna buy a $300,000 watch it’s an investment you can only go up in your mind but now you need money so you would have to sell the whole watch just to get the money when you can buy a less expensive watch and take the other 200,000 I mean everyone would be fine with 100,000 watch trust me and the other 200,000 by bullion and if you need money you could sell a coin here or there if you want short on cash that’s why you should I put all your eggs in one basket it’s always good to have smaller amounts if you need money just like stocks you don’t have to sell every stock when you run low so if you need money The 5711 you will have to sell the whole thing or let’s say Get a loan on it the guy that gave you the loan can play around with the watch and take parts off and put aftermarket shit
And the raw materials should be considered because its what keeps a company going…before it was the craftsman now 99% of them use cones made by machines and adding their own styles…less than ten years from it will be 100% about the raw materials.
It's not deceptive in the slightest. It's better than using a best case scenario of an unrealistic price that you will only get if you win the Patek lottery.
In this inflationary environment (excessive money printing by the Fed) buy gold (coins or bars). The prices of watches like the Patek will fall, when they do, sell your gold at a premium, and buy the now cheaper Patek et.al.
Not true exactly - the price in the video was a grey market price and not retail. If you bought it for retail, it was amazing investment as you made 6x the money for just buying it :)))
@@Mcbetogarcia Who knows really, anything can happen in 10, 20, xx years. Is it a good investment now? Probably not. But for example, Diamond rainbow Daytona was like retail $90k, last year it was market $300k and now it sits around #$1.1 million. So yeah...
The second hand market is where supply and demand reign. It is a true representation of a free market. That provides a more accurate answer than the manufacturer fixed retail price.
Always make me wonder why they can't churn out more of them or keep the msrp down. And don't tell me it's about exclusivity. People are still going to be a Rolex at any MSRP.
Watches went up parallel to crypto currency , same uses, same targets, same fate No watch worth more then its retail price, any extra is like buying crypto , u have no clue what u are paying the extra for By thecway, I am a watch collector, but this is my personal view!!
Come on. A 3 hander. Allowing for the name and workmanship 20k tops. But we love to feel special even though no one really cares apart from the mugger or burglar who will knock it on for scrap value or less.
Comparing the price of gold to the current inflated price of the market makes the ratio abysmal, however factoring in the MSRP of $59,140 it raises it to just over 13%, which is the cost that Patek Philippe endured when first selling it. You definitely got more “gold value” when buying it at retail, but let’s face it: no one is buying a gold watch for the added material value. It’s all about status and luxury. Steel models are even worse, with practically zero scrap value
Exactly, we just didn't want to use retail in the calculation because that would be the best case scenario and not based on free market dynamics. Market value is based on supply and demand and that's what we wanted to use in order to be very conservative.
Scarcity rules the world...
I’m a gold stacker and sometimes i buy old busted gold watches for cheap just for the gold🔨😁
Yeah, I had guessed 20% of msrp....
This is much rarer than the regular 5711 blue dial. This will go higher than 300k for sure. The rose gold 5711 is grail among true pp fans
People are praying that it goes back to retail, which I don't think we'll ever see.
@@Crmjewelers I pray I win the lottery..... that is a real prayer, Asking patek to lower prices, that is just wishful thinking... great video. once again>!
@@Crmjewelers what was the original retail price?
$59K and change 🤣🤣🤣
dont ever call a Patek Philippe a pp you donut
Great video. Almost couldn't tell that was Charlie with the voice over. No end to Charlie's talents, lol
Yes, we just sent Charlie to 2-week training in Geneva and he came back speaking like that. 😜
@@Crmjewelers 😄🤣😂
😂😂
Incredible video! Well put together.
If you want a gold watch, buy vintage. The premium for gold is not so outrageous, perhaps in part because gold was much cheaper years ago. I am not talking about watches that are terribly high in demand, just good quality watches that happen to be made if gold. Do others agree?
When looking at the % value, you should use the retail price...
That's assuming the best case scenario. We didn't want to do that.
I agree.
@@Crmjewelers and by using the second hand market you just overselling and hyping up the industry for absolute no reason other than boosting up the scalper profit.
Watch isn’t worth 300k and prices will drop soon
You missed the total point of this video, Michael. This video is not to hype how much watches have appreciated in value in the last few years, but to show the actual percentage of gold value relative to the market price. This is actually a waaaayyyy more conservative way of doing it.
very good video; you are one the few honest dealer
Thank you Giovanni.
Not that it hugely matters, but you are missing to add the 18K gold rotor on the scale
you are right.. should make up for the $300k price tag
@@colby8497 Exactly. Nobody's fooling you
@@colby8497😂😂😂😂😂😂😂
2:01 can we talk about THAT dude’s watch for a second? Holy MOLY that spinner thing is awesome! Lol
Ha Ha
What is it?
@@sanookaus1334 wish I knew 🤷♂️
It's a Perrelet Turbine Double Rotor
@@Doctor-Fate thanks!
Great video , love these
Thank you AJ!
I usually prefer steel, titanium or ceramic watches as they scratch much less than precious metals.
904L Steel does have one of the best scratch resistant and it does have the shine unlike most 316l steel watches, Titanium are generally scratch proof, although there are some watches that uses grade 2 and it’s softer, Platinum is one of the strongest precious metals, and ceramic is not that scratch resistant, unless they are treated a certain way, like cerachrom is pretty robust cuz they’re manufactured well, they found the perfect doses for zirconium dioxide and al. oxide, they way they’re pressurized and heated also contributes to how durable and robustness of cerachrom, and theyre glazed beautifully. So yeah it depends tho... and some steel attracts scratches too...
Well the only one steel watch that's really hard to get scratched is Citizen. Don't know what kind of mix and treatment they use on it. It has the highest vicker hardness of all steel watches.
Well, they are putting gold, diamonds and a lot of other stuff in exclusive watches, but you are actually paying for the brand, rather than you getting that much gold for the 200K or whatever what you are paying for that specific watch. If you think a specific watch is worth its price relative to the quality of the watch, the brand, and the work put into making it, well buy it. But if you want to invest in gold, you would be better of just buying bullion coins instead.
It's similar for fountain pens. Gold-nibbed pens command significant premiums over steel-nibbed versions. The gain in writing performance is more often than not a placebo, and the price disparity is far, far beyond the cost of the metal. For example, a Pelikan M205 with a steel nib is about EUR 130-ish. The M405 with a gold nib is EUR 300. The nib itself weighs less than 1 gram.
Overall, this is a reflection of just how much of a markup people are willing to pay for the name for "scarcity".
Stunning piece🔥bless CRM family
👍👍🙇
Need to subtract the weight of the watches movement, that is all the parts that actually keep time. Some is gold, but most parts are not. There are also seals and fasteners likely present, made of rubber, steel, titanium, etc
We didn't weigh the watch's movement.
If you’re looking at an investment point it’s truly on demand and status want to comes up to watches I mean if you really look at it if you want to spend 300,000 Patek Philippe and Rolex are offering 18 karat when you come by bullion let’s say at roughly 2000 and ounce and it would be 24 karat gold not 18 so imagine how many ounces you can buy for 300,000 minus the Patek Philippe or Rolex Imel so don’t let anybody tell you that it’s an investment because of gold because if you want gold take your 300,000 and buy bullion I have watches that are worth thousands of dollars but I purchased them 20 years ago before the hype and they all went up in value but I also invested in bullion take it from a person with knowledge that’s been involved in this for many years when it comes to investing I think they’re kind of Missed the boat even if they go up a little more I mean I think it’s too scary to invest that much money I mean 10 years ago this watch is probably only 50,000 so that guy is a winner not you coming in and paying 300,000 thinking it’s gonna go to 450,000 you’re safer in buying property or physical gold you’re mostly paying for the namebrand it’s your money do what you want but like I said the guy who won when he paid 50,000 retail and was thinking it might go down in value around 10,000 but liked it and purchased it so as for you coming in now in the market and paying 300,000 would be ludicrous
The retail is 50k so it’s about 20 percent of the price
Retail is wishful thinking in today's world. More akin to science fiction.
Agree, comparing to C24 prices seems meaningless. Comparing to the retail price gives us an idea of the "markup" brands have on their watches.
Retail is still a fixed price set arbitrarily by and at the sole discretion of the manufacturer. It's not based on supply and demand dynamics.
Yeah but retail price is important, it lets you know how much the company thinks the watch is worth, which is important since they’re the ones who made it. But at the end of the day we’ll never see a breakdown on how much it costs to make these watches so people only care about resale value. I wish these brands made long videos on making their watches instead of just showing a couple minutes of them finishing some parts
Wow, stopped being produced in 2022 and it's already an antique. If your gonna spend that much on a watch though i would have mine made out of gold. They look great, they stand out from a mile away, nothing else looks like 18k gold apart from 18k gold, yellow gold though, more so when are satin finished ironically.
That's very interesting. I was way off. Great information. I would be curious to see this type of video for a royal oak and daytona or gold sub
Thank you Jessie. Those are definitely models we will be looking at in the near future.
Rolex - 00000.1% 🤣
BIG W
Is that all you ever say? 😂
Carlos - You finally lost that Miami accent. 😜
I've been taking lessons 😜
What a waste of money. If the gold content was 1/4 of the watch to cost ratio, I'd be interested.
That's the price in the current second-hand market - it's highly valuable and it was great investment as retail price was $50k *_(6x the value!)_*
What watch is that you're wearing with the spinning dial?
Only 3% dang I was off 10%
Ha Ha, it's all good. 😉
Do one of stainless steel AP Royal Oak Blue Dial to work out the weight cost of stainless % to the currenr market price of that watch 😊.
Love the videos guys
I'm guessing before the video says how much gold is in a patek I say 18%
This video makes no sense... if there should be any comparison it should be cost of gold vs retail price... and either way no one buys watches based on the scrap value... you are paying for craftsmanship.
2.6% gold, 90% marketing, 7.4% labor.
Pointless, you can’t wear a nugget of gold as a watch can you. Plus demand is demand.
Makes rolex seem reasonable.
LOL true.
Cuándo van a poner videos nuevos de ustedes please.
Todos los viernes.
what is that watch at 2:00 ? whats this watch's name?
Now, we know that Rose gold is 75% gold and 25% copper. We also know that the 18k is also just 75% of pure gold, therefore we cannot use the cost per gram of 100% pure gold. This means the gold in the Patek will even be much cheaper than calculated😅😊
Nope. Go through the math again.
What is that watch the jeweler was wearing @ 2:00
Outside of my AD I would only buy a watch from CRM they are they best in the game!!
Thank you my friend. We've been wanting to make this video on the gold 5711 for quite some time. Let me know what you think.
💯 agree
My guess was 3%
Really?
After watching this my desire for the watch game just went down! The unjustified prices are ridiculous. Not even 10k worth of gold and an asshole is really going to insist on asking for 300k. No sir you can keep that. I hope you buy more so you can keep that too. Collecting dust that is! Rolex is the most reasonable watch in the game period!
Bruh rolex is selling literally steel watches for 8,9k
Omega is more fair than rolex though.
I mean that is the resale price, AD MSRP goes for around 60,000 USD that doesn’t include sapphire, manufacturing, and the actual watchmaking itself, those gold ingot don’t turn themself into a bracelet and a bezel and a case dont it , and those watch don’t assemble themselves, watchmaker gotta eat too right? U use their service and don’t wanna pay? What’s that say about haute horlogerie then if yourself is not of high personality.
are bracelet pins made of gold, or it's even less then 124.1g ? ;)
Yes
Winding stem and crown aren't in gold either.
But, the oscillating mass on the movement is actually in 18, sometimes 24k gold on this particular model
Now is that the retail price in the boutique or secondary market?
Market price, which is based on supply and demand. That's a more conservative figure to use than a price fixed by a manufacturer and not part of a free market system.
not surprising at all. there are gold watches in the few tens of thousands of dollars range.
Isn't the gold version of this 60k ish at retail prices?
Rappers need to watch this
And if you do it with the 80K the watch did originally cost at PP then it is still only 10% ? Am i correct? Thats crazy
Yes, but market price is based on supply and demand, which is a more realistic and conservative figure to use.
Beautiful❤
Thank you! Glad you liked it!
Can we talk about the guys watch putting the stuff on the scale
it will totally go back to retail as long as you get into a time machine
50711 its not for me I’m more into 1803🤩
Nothing wrong with that. 😉
your not selling it to me ..... lol
LOL
Who is the bloque with the voice? This threw me off as a CRM video. I had to check a couple times. 🤔😉
He's a voiceover artist we hired because this is an educational video that's different from our vlogs and other stuff. We wanted to make this more "cinematic" for the general public. 🤷
I thought bit less then 10% 😅
👍👍
300K is second hand market, not list price
Gtfoh… you can keep that. I’ll Take a Rolex platinum Daytona anytime.
somebodys rocking a Perrelet
My guess was 80%
Are the bracelet links joined together with gold pins? I've never wondered haha
the 7g is the cystal, and what about the dial? the movement?
That wasn't included in the calculations.
What? Why? Would you count that... are you following this or na... ure brain is somewhere else bruh... 💀
No other channel has come close to even making this an idea to show the public. CRM strikes again..
Thank you my friend for the encouragement. 🙏
Retail price please ffs . It’s more like 35%
Nope, that would be the best case scenario. Using the market price is a more realistic calculation.
So, it was always supposed to a Stainless Steel "Luxury" watch to begin with, is that what they will now make?
Not sure what you're asking.
@@Crmjewelers Nautilus's will still be manufactured will they not, just not this model of it, no?
@@tomasinacovell4293 correct.
En France chez Patek Philippe cette montre ce vend 52763$ 48900€ et en poids d or 18 carats 172grs = 7214€ et au prix du grammes d or travailler (170$ for 1grs) 31000$ d'or
My guess was 3%
😅
Hmm. It is as Aesthetically pleasing as Mercedes G klasse.
The Grey Market price is irrelevant. Now you are dealing with speculation. Why not take the AD price. That way you can see what Patek adds for R&D, Marketing etc.
The AD's price is an arbitrary price. It is set by them as they see fit. What is a just amount to mark up a product above cost of materials and labor? Who the hell knows the answer to that? No one does because there's no right answer. Is like telling the market that a work of art shouldn't appreciate or sell for a certain value because the artist initially sold the piece for a lower value. That wouldn't make any sense. Supply and demand dictate the price of things in a free market economy. ADs/manufacturers are not Gods. They're businesses. Retail prices are as irrelevant as market prices despite all these pointless discussions.
@@Crmjewelers comparing art to this watch?? Beehhhhh
Let’s say you compromise with yourself and say OK I’m gonna buy a $300,000 watch it’s an investment you can only go up in your mind but now you need money so you would have to sell the whole watch just to get the money when you can buy a less expensive watch and take the other 200,000 I mean everyone would be fine with 100,000 watch trust me and the other 200,000 by bullion and if you need money you could sell a coin here or there if you want short on cash that’s why you should I put all your eggs in one basket it’s always good to have smaller amounts if you need money just like stocks you don’t have to sell every stock when you run low so if you need money The 5711 you will have to sell the whole thing or let’s say Get a loan on it the guy that gave you the loan can play around with the watch and take parts off and put aftermarket shit
The voice ain’t it I rather hear Betty’s voice.
LOL, we'll Betty in the next one.
70 75%
And the raw materials should be considered because its what keeps a company going…before it was the craftsman now 99% of them use cones made by machines and adding their own styles…less than ten years from it will be 100% about the raw materials.
Discontinued!!!!????? For real????? 😢
Yes
i guessed 5%
so the retail is just a huge markup?
What he said is not retail price. That was second hand market.
Only 3% thats crazy
From a second hand market price, which is 6x the retail price.
why you taking resale value . resale value is300k while retail value is 30k. with the complication of the dial its a fair price
We're using market price, which is based on supply and demand.
@@Crmjewelers i just felt that the result of 2 percent was a bit deceptive
It's not deceptive in the slightest. It's better than using a best case scenario of an unrealistic price that you will only get if you win the Patek lottery.
@@Crmjewelers no i get what you mean but to an non watch enthusiast they will think that these companies are blatantly ripping them off
im sorry i didnt mean to sound rude or un appreciative , i enjoyed the video , keep up the good work lads
3% is my guess
Very close!
Ha, I think you peeked. 😜
Never
👍👍👍👍👍
👍👍👍😉
looking at this the Rolex President in 18k is the best value,, for me the all steel is it but just looking at the numbers,, Rolex in 18k better value
Platinum is $983 per oz....about half the price of gold yet platinum watches are priced much higher. Funny.
I'm sure we will get very similar results if we ran the test with platinum Larry.
platinum is more challenging to process than gold to become the material used in watches.
@@centralprocessingunit4988 True, but hardly explains the prices being charged. We're talking $10s of thousands more.
In this inflationary environment (excessive money printing by the Fed) buy gold (coins or bars). The prices of watches like the Patek will fall, when they do, sell your gold at a premium, and buy the now cheaper Patek et.al.
We buy gold and other precious metals as well, but what you're saying is not going to happen.
@@Crmjewelers I hope not, brother.
I guessed arround 10%
High end products are extreme over price because now there is mor people with more money than before.
Not true exactly - the price in the video was a grey market price and not retail. If you bought it for retail, it was amazing investment as you made 6x the money for just buying it :)))
@@BloPsy__ so you think you buy this watch now at 300,000 USD and you will sale it at 1.6 M USD ?
@@Mcbetogarcia Who knows really, anything can happen in 10, 20, xx years. Is it a good investment now? Probably not.
But for example, Diamond rainbow Daytona was like retail $90k, last year it was market $300k and now it sits around #$1.1 million. So yeah...
Why dont you instead, to be more accurate, base the numbers on retail and not grey market.
That’s wrong that watch is $300,000 on the second hand market. Not Retail
The second hand market is where supply and demand reign. It is a true representation of a free market. That provides a more accurate answer than the manufacturer fixed retail price.
@@Crmjewelers No it doesn't when you do a video such as this.
@@BloPsy__ I don't follow your logic here.
look like a cheap casio you can buy in argos for £29.99
😂😂😂Rolex literally uses more gold in their watches and chargers a little less than 300k just saying
First of all that watch is grossly overprice by $250,000 so I don’t think that’s a good comparison gold yeah $8000
It's based on market price when the video was recorded. Retail price is not a true representation of the free markets.
Meanwhile Richard Mille has no gold and one of the most expensive watches.
Yup, raw material cost is normally not a factor in the value of collectibles, but it's still interesting to know how much gold something has.
Nope. Got rid all of them over a month ago.
LOL 🤣
@@TerenceMa1989 I would never waste my money on that trash. If you must know I have a day date 40 , GP skeleton stainless and a Omega Aqua Terra
@@TerenceMa1989 I like them that's what counts
Beautiful design but at the end of the day it all comes down to scrap value nowhere near 300k 🤦♂️ not worth it at all God bless the designer though
You see, people who bought it for retail of $50k made 6x the money. So it was good investment.
Well of course did not know that for those who did sell them . Thank you for the information that was a great investment. Take care stay safe
Always make me wonder why they can't churn out more of them or keep the msrp down. And don't tell me it's about exclusivity. People are still going to be a Rolex at any MSRP.
I'm not paying a house price for that junk of waste.
👍
Watches went up parallel to crypto currency , same uses, same targets, same fate
No watch worth more then its retail price, any extra is like buying crypto , u have no clue what u are paying the extra for
By thecway, I am a watch collector, but this is my personal view!!
💕💕💕💕💕💕😭😭😭😭😭😭
So the watch is worthless, and hyped for no reason🤦🏾♂️🤦🏾♂️ 2% of the watch is gold. Wow.
Funny u miami guys use the narration of a british dude to make it sound more watataaaa
Damn, I think we pressed the wrong button. We were under the impression that the accent was Argentinian. 😂
@@Crmjewelers fire up that gaucho grill hermano !!!
🤣🤣🤣
Come on. A 3 hander. Allowing for the name and workmanship 20k tops. But we love to feel special even though no one really cares apart from the mugger or burglar who will knock it on for scrap value or less.
zero
I dont need this
and richard mille 100% plastic
Not worth 😏