Welcome to the WatchQuant Podcast, where we look at watch markets backed by numbers.
On this podcast, we're here to help you make smarter decisions about your watch purchases,
because we see your timepieces not just as accessories, but as crucial parts of your
portfolio. And this is not the Houdini podcast. As much as we love Houdini, we're not going to
talk about the beauty of watches and go deep on the caliber. Although all of that is wonderful.
Instead, we will dive deep into the watch markets, the prices, what's going on,
what you might want to consider looking at if you're interested in value or if you're
interested in speculating. We'll never tell you what to do, but we will always do our best to
help you spot surprisingly undervalued pieces, overpriced, volatile watches. We'll focus on
market specifics and the drivers behind what makes the prices move. We'll focus on the macro view
and everything that you need to know if you care about the markets behind the watches. All of that
being said, this podcast is not investment advice. Everything we say is based on objective data and
subjective opinion. Therefore, since we're not your investment advisor, please take absolutely
nothing we say to heart and please make absolutely no shopping decisions or investment decisions
based on what we say alone. Okay. Thank you so much for joining us. On the last podcast,
we talked about some of the watches that myself and one of my mentors, another watch trader named
Matt, saw as value. We talked about the black dial Portuguese solid gold, beautiful rose gold watch
that is trading just about $6,500 today. It's well under MSRP. It's about one third of the MSRP of
that watch, but that's besides the point. The intrinsic value of that watch is over $5,000 of
gold. When you see that little of a delta between the gold value of a watch and the actual value of
a watch when it's also that beautiful, if you've ever seen this watch, you should go to watch.com
and check it out. It's the 371402 is the light dial. I believe the 05371405 is the black dial
that we were talking about. All of them are quite undervalued at this point, according to our watch
quant rating. Now, so we talked about that last week this week and today we'll be talking about
our weekly top movers index, which had 10 watches this week, some surprising moves and some not so
surprising moves. Our watch to watch this week is the new two-tone GMT master two Jubilee band. And
it's the first time they've done this Jubilee band on GMT master in many years. So this watch
has some speculation around it that it would be trading for a lot more than most of the GMTs.
Well, this week we saw a big move and stick around to find out exactly what that move is and why we
think it happened. Okay, so welcome to the podcast. Let's get into it. All right, so welcome in
everyone. And today, May 20th, 2023, we will be going over the watches of the week, the top movers,
and we'll be talking about 10 watches this week, one of which we saw move a ton in one week. Now,
I wasn't surprised about this move and we're going to talk about it at the end, but it was a lot and
some people might have lost a little bit of money on this one. Let's talk about it as we get through
this. So top movers of the week. Usually we talk about the watch of the week first. Today, we're
going to talk about the constituents of the index. So there's 10 watches in this week's index and
they are as follows. The Audemars Piquet Royal Oak Offshore Diver, stainless steel 15720. The
Rolex GMT Master II 126718 GR. That's the brand new one in solid gold. We had the Rolex OP39.
That's the beautiful blue dial with the green indicators in the corners and that one was
an interesting watch to see this week on our, on our list. As always, we have a white gold Daytona
somehow making on every time. This time it was the 116509. We saw a huge move in the OMEX Omega
Speedmaster Racing Coax. And this is a chronograph. It's like that honeycomb Panda chronograph with
the wide eyes. It's really cool looking watch. It's beautiful up close. Totally different in
person and really, really low, low price, even after this week's massive move. Let's talk about
that in a minute. We have the Royal Oak Offshore 43, the 26420RO. And this is a solid gold case.
It's a diver as well, chronograph and beautiful watch. Interesting one though to see this week
on this list the way it is. Okay. We have another one, the Patek Philippe Aquanaut. And it's the
5164 stainless steel. And then we have the Batman GMT. This is the 116710. So this is our 2020 model
a little bit older. The caliber is a little older and we saw an okay move on this one. Interesting
to talk about. And finally, one that we actually had two weeks ago as our watch of the week then
is the Royal Oak Offshore chronograph 26405 ceramic. And this is a beautiful watch that I love then,
but we had to sadly report on its downfall as it took a really big dive two weeks ago. This week,
we see it stabilized and we'll start there. So two weeks ago, we had this watch and it went from,
if we look at our watch to watch, by the way, if you want to look and follow along with me,
which I think you should do if you actually want to get much out of this podcast, you can go
straight to watchquant.com and click on watch to watch. It's right at the top. It's free. You don't
even have to sign in to access it. Okay. If you do so, and you look at just below, you'll see the
actual watch of the week. That's not what we're talking about right now. We're talking about a
watch from two weeks ago and it's the 26405 CE. You'll see it. It's the bright dark green line.
Okay. And you see that watch just go straight up over the course of three or four years. I think
we track back about three, three and a half years. We don't track back as far as some charting
softwares do because well, we are doing our best to get all of the data. It's just, we don't have
all of it yet. So we're working on it. Anyhow, you will see on that chart, a huge drop off. It
peaked out unlike most watches, which peaked out in March of 2022. We see this watch actually
continue up because it's such a cool looking watch and it didn't peak until February, actually
January 27, 23. So it just peaked on January 27, 23. Then it saw pretty steep step stone down
until finally we see two weeks ago and the beginning of May or end of April, beginning of
May, it just drops like a rock and goes from 30, about 34 down to where are we here? About 32. I'm
sorry, not 34. What was I saying? 44 down to 30, 32. So huge drop, 25% drop over the course of
really two weeks. And we saw it this week. Thank goodness I'd say stabilized. So slightly up this
week. Now we did see a snapshot swing. That means basically what we do with these top movers is,
and the reason why these usually make it onto our list is because these are the ones that show up
as something that moved a lot in a week or something that was traded many, many times,
it changed hands more times than usual, or it showed up on our hype charts, meaning lots of
people were talking about it. In this case, we see this guy popping up on our liquidity and the
hype charts, meaning somebody started talking about this watch this week. It had a lot of media
attention somewhere in the internet sphere. So it did pop up with a $2,000 snapshot swing. That's
the high to low of the week was a negative $2,000. We saw a $27,000 period start and a $25,000 extreme
snapshot, but the average price was $27,496, which is actually almost $500 more than the period
began. In other words, even though we saw an insider extreme change of negative 7%, I know
this might be a little confusing, we do see the average move and that's inclusive of all things,
all transactions that we've been able to track during this period of actually a percentage of
1.81% to the positive side. So while we see the extreme stuff, which is our clickbait title,
this watch went down 7.4% in one week. It's not really true. That was just one of the trades.
And it's important to point out the outliers, right? This is a watch that depending on when
it goes in an auction, depending on who's looking at it and when, it's volatile. I mean, you can see
this thing drop 7% or you could see the average price, which is what we're looking at importantly
here of a positive 1.81% gain on the week. In either case, we see today's market price at 30K,
our CR insider price at 27.5K, which tells me that we're still at a delta from the generalized
market of a negative, which says, hey, this is probably stabilizing, because that negative is
less than 10% in total. So it's about 10% away from the actual mean market price today to the
downside. But considering how fast this was moving down two weeks ago, today, it going up 1.81%
in the course over the course of the week, that sounds like stabilization to me. So we have this,
we have this valued specifically at undervalued and slight uptrend. Usually when you see those
two together, undervalued and slight uptrend, if you can picture that in your mind on a chart,
it means that the actual intrinsic value of the watch is something along the line and the MSRP
of the watch, the demand for the watch is high enough. The amount of people out there mentioning
it and talking about it and wearing it is high enough that it is considered undervalued at the
price of 27,500. And that is actually on a slight uptrend now from its bottom this week at 25.
So because that's the case, for us, it's a buy. But as I said before, and I'll say it again,
do not take our advice simply because we say so. Check it out for yourself. Okay,
on to the next one. We see the Batman. This is our 2020 Batman, the 116710 BLNR. This is up 10%
on the week. Huge move to the upside for a steel watch. And my underlying assumption has been that
steel watches are going to see a major correction. Now over the last two and a half, three weeks,
we've seen them correct pretty considerably. This watch was trading at 21,000. I saw it going for
$22,000. Just like a couple months ago, we look at the chart on this, I think it was probably well
above that at the peak. Today, we see it at the extreme all the way down to 15,000. And today's
market price is 17,400. Not a bad average, but the insider average, that means the stuff that we're
covering, the stuff that you probably don't see out there unless you're paying good money or you
are a dealer of some sort. The average there is 15,500, meaning that the insider change was 10%
positive. So this watch has stabilized. It's seen a couple of big swings, even during the week,
pretty bad all the way down to 15,000 on one of these trades. But guess what? It's stabilized
and actually gone up quite a bit, like the last watch we just talked about. And right now we have
this rated as an outperforming watch on a considerable uptrend. Now, does that mean it's
a buy for us? No, actually, it means for me, I would not buy this at $17,500, which is about
the market price today personally, because I'd rather be going forward at the $15,000 level where
I know it can go. Not that it always will and not that it should, but that it can go for 15,000 at
the $15,000 level. And by the way, we have a feature on WatchQuant wherein you can click the
price check button. And if you were to type in $15,050, which is the extreme snapshot we saw
this week, you will see how we value that with this watch and its paradigm. So let's take a look at
that real quick. I just actually want to take a look at what that says. So if you click into the
Batman 116710 and then click on price check, it says overpriced at 16,000. But if we bring it all
the way down to 15,000, it goes, actually it's still overpriced. So I guess at the end of the
day, when you MSRP for $9,200 or around $10,000, it's hard not to be overpriced as a steel watch
because there's just not that much intrinsic value in this watch as a completely steel watch. It's a
beautiful watch. It's a cool watch. It's got a lot of hype and demand, which is why we do not have it
as overpriced in the insider top movers. But in our regular watch quant data, we do have it
considered overpriced or outperforming when you take into account the amount of demand out there.
So because the amount of demand is high this week, we see it in the outperformance. But that means to
me nothing because even though there's a lot of demand for this watch, chances of making money at
$17,500 is very low. Instead, we'd rather hang tight and wait for this watch to do something else.
That's our personal take on this beautiful watch, although it is cool. It's also the older version
of the watch and there's more demand for the back girl, the Jubilee and the newer version of this
watch period. Okay, let's get back to it. Back to our watch to watch here. Okay, so what's up next?
What's up next is the Patek Philippe Aquanaut. Okay, so this is the 5164 stainless steel,
5164A. It went down 2.83%. Not all that much, but what we've seen over the past few weeks with Patek
across the board, even in their precious pieces, is a small downtrend, but consistent downtrend.
So seen pieces, except for a couple of really, really high end pieces up at the really high end
collector level, at the $200,000 level, those pieces have stayed stable and gone up a little bit.
I think that that's pretty clear why that's the case, because there are a lot of really,
really big money people who need alpha in their portfolio. And if you don't know what alpha means,
it essentially just means, hey, most portfolios, if you look at somebody's portfolio of investments,
are correlated across the board in some way. So it's really hard to find an asset in your portfolio
worth any liquid money. Everything that's really liquid, and real estate, by the way, is not really
liquid. It's hard to sell real estate quickly. Watches are more liquid than real estate by a
long shot, plus they can be moved easily. So watches are quite a bit more liquid than real estate,
although sometimes they do sell for just as much as a house will, like some of these Patek Philippes.
The really high end Patek Philippes have actually seen stable prices, if not an increase in prices,
but most of the Patek Philippes down under $100,000 in MSRP have seen considerable corrections,
especially the steel ones. We see this continue, but the correction has not been nearly as bad as
those in the Out of RPK, which have seen really bad corrections over the last two weeks. Again,
just to reiterate, this week we are seeing a little bit of a stabilization in the ceramic piece
that we just covered, but in this Patek Philippe Aquanaut, we are seeing a slight downtrend this
week, and it's still rated as overpriced. Why is it rated as overpriced? Well, the Insider price is
$73,000. Today's market price is $95,000. It's a huge delta. And seeing a steel watch like this,
it's a beautiful watch. It's obviously one of the nicest watches in the world. The Travel Time
Aquanaut, gorgeous. I'd love to have this watch. I don't have this watch personally,
but it's overpriced because at the end of the day, the intrinsic value of this watch is only
tops a couple thousand dollars. Now, there's a lot of hype, a lot of demand,
and this is a piece of artwork. When you see it in person, when you actually hold it, when you have
it on the wrist, it's like nothing you've ever touched held before. At the end of the day,
we're still not going to betray our intrinsic morals, which tell us to tell the truth.
And the truth about this watch is just like a Picasso, which is why we don't just think
about intrinsic value when we talk about pricing for watches. We talk about everything that has
to do with the watch price, which means the demand, the hype, and all of that. But even
taking that into account, because the demand and the hype have actually gone down quite a bit over
the last few months since the correction watches started in 2022. Patek Philippe in particular,
because it went up so far in 2022, these watches are correcting. Now, the steel watches,
correcting a little bit more than the gold watches in general, but down 2.83% on the Intel,
we see the extreme change, meaning there was one watch at least that sold for $73,500.
This particular watch is one of those you don't really see go that low. So that was a huge move
on the actual extreme change, but the average change, meaning taking all transactions into
account for the week, only 2.83%. So not all that bad. We have it rated as overpriced on a slight
downtrend. Does that mean much to us? No. It means basically, if you have it, you probably hang on to
it. It might go down a little further, but it doesn't seem like it's going all that fast. And
that's okay with us. And if you don't have it, is it a target for us? No, it's not. But again,
not investment advice here. We're simply covering the market. Okay. What's next?
Beautiful Audemars Piguet Royal Oak Offshore 26420RO. Excuse me. This is a rose gold piece,
absolutely gorgeous piece. And sadly, we do see a massive undertaking here where somebody
actually, I say lost, lost this piece for $55,000 because this is the ceramic bezel,
not the rubber bezel, if I'm not mistaken. And we have it as a today's market price of $61,000.
Somebody sold it for 55. So that's a pretty big price swing. So yeah, I mean, what can you say?
You know, this has been moving down quite a bit with the other APs. It's not all gold. You know,
this isn't a brick by any means. But yeah, the prior period was $72,494. This period average
ended up at $63,000 and the extreme low was $55,000. So somebody got a great deal out there, I think.
$55,000 is a great deal. We have this rated as undervalued, but also avoid slash warning.
So what does that mean? It means, hey, when you take price and value, intrinsic value,
when you take the brand demand hype and all the rest of it, and you put it all together,
this thing's undervalued at 55k and at 61k. But we put an avoid warning on it because
it's dangerous to catch a falling knife in real life and in markets as well, period. That's the
end of what we will say on this particular watch, beautiful watch. And I would love to have one.
Just not going to go and try to catch a falling knife right now. Okay. Now onto the Omega we
talked about just a moment ago. We saw a large insider change in this. Now this is a $9,500
MSRP watch. This is the Omega Speedmaster Racing Co-Axial Chronograph. Long ass name with a long
ass number behind it. 326.32.40.50.04.001. Omega, what's up with you, man? There's no wonder to me
that why these guys have a hard time selling watches because honestly, could you make it any
more complicated to try to figure out which watch you want to buy? Okay. Whatever. They're not listening
to me, so why do I even bother? This is a cool watch. It's beautiful. It's a panda watch. So
it's a white dial with black eyes. It's gorgeous. Got yellow hands. There are new movement in it,
and it's got like a honeycomb sort of finish on the dial. It's just an epic watch. I probably
should look into it and see all the rest of the details on it because it's probably more epic
than I'm even giving it credit for, but it's gorgeous. We saw an insider extreme, meaning
the high price we saw this week was at $3,400, which is pretty high for this watch. Although
there are listings out there today around that price too. It's rare to see it sell for that much.
Today's price, $2,777. It's almost $3,000. The insider average is $2,800. So if you get over
around $2,800, that should be pretty good. That should be a good price. For us though, seeing it
go up 40% in one week as the extreme, seeing it go up on average 15%, again, the difference is the
extreme is simply from low to high or from high to low. The insider average is all transactions
taken into account averaged together. So this went up 15% this week, which is a considerable move.
That is why we actually have it rated as undervalued and extreme upswing warning.
So just like you don't like to catch a falling knife, it's also dangerous to sometimes in markets,
in all types of markets, sometimes it's dangerous to try to buy after something spikes so much.
That's called a price extreme. And when you see price extremes, I'm just, I'm the guy who sells
that. You just fade that. Not always, and that's been proven wrong a million times. You look at
Bitcoin, oh, it goes up from 1,000 to 16,000 and people are going to fade that? Well, too bad.
You missed out on the time it went to 35,000 and beyond. Okay. But generally, and that could be the
case with this watch, it's a beautiful watch. I don't see any reason why this watch shouldn't
trade closer to MSRP at 9,500, but this low at a $2,800 average at a market price of 27,77,
even at the insider extreme high of 3,400 compared to MSRP is pretty low. So we do have it rated as
undervalued. The hype was there this week. They had a lot of hype this week, lots of talk about it.
I'm not sure where that came from, but definitely a lot of talk about this watch this week out on
the interwebs. And yeah, there was a good move, good moves for it. So I think at auction, at auction
went for $3,400. And then you have to also add fees onto that because those auctions are not free. So
somebody paid pretty well for this, for this watch, a beautiful watch and good job Omega on this one.
It's our first time, their first time making it onto our movers list. So whoever got that watch,
great job. I don't expect that they will be able to get the money out of it right now, but it is
undervalued as far as we're concerned. Even though it's undervalued, it's still one of those timely
upswing, extreme upswings where it's like, Hey, if it's going to sustain the $3,400 level, or, you
know, 28, 29, $3,000 level, that's fine. But I'm just not getting into it the same week as it got
there. Right. And you can give it a little time and see if it doesn't bounce. And when I say bounce,
in this case, I mean bounce to the downside. Okay. The next one up, this is an undervalued uptrend
watch. The 116509, this is the Rolex Daytona. So the white gold Daytona has been on our list every
week, some shape or form. Last week it was on the 519. That's the Oysterflex bracelet. This is the
actual white gold bracelet. So solid gold watch, MSRP very high, $45,000 MSRP. The Insider Extreme
Snapshot was $38,000. So that it actually went quite a bit down this week, is negative 11% extreme
change. So that's the, from top to bottom, went down 11%, pretty huge low. So somebody got a great
deal there. But it's important to point out that the actual Insider average move, taking all
transactions into account, it went up this week for set 4%. So just slightly up, which is to be
expected for this watch, given its MSRP and its intrinsic value. This is a five and a five and a
half, six ounces of pure gold in this watch. So you're seeing a $12,000 watch, pretty stable
around the average price of 44,000. I don't think it's probably going to go too much higher from
here, but it is still considered to be undervalued for us. And it's on an uptrend. This is one of the
watches that I would say is just considering those two, those two indicators in this given,
at this given time, that's basically as much of a buy signal as you can get from us because
it's considered undervalued and on an uptrend. I would say though, if you can do it, aim for it
closer to that Insider Extreme price of 38,000 rather than going for it at the average price
of 44, because 44 is actually kind of high for this watch. And there's plenty of iterations of
this watch trading out there for less than 38 even. So go for it at a lower price if you can get it.
But yeah, it's definitely there. As far as what we would consider to be a buy signal,
don't do what we say. Do what you like to do. Okay. What's next? The OP39114300. This watch is
a really cool watch. It's got a blue dial with green indicators around the edges.
Excuse me. And we saw this watch sadly have an insider swing of over a thousand dollars. Now,
this is a under $10,000 watch. So a thousand dollar move is a 15% move in this case.
But on average, and taking everything into account, we saw it only went down just under 1%,
0.75%. So not that big of a move, but still it did go down slightly. So it's considered at this time
undervalued on a slight downtrend. That's another in our eyes, pretty much a buy signal. Anything on
a slight downtrend doesn't necessarily mean much. If it's been on a slight downtrend for a very long
time and it's crossed over major support lines and things like that. Yeah, but this is not the case
with this watch. I mean, it's been on a downtrend for a few months. This watch was trading around
$12,000 at one point. Now it's trading around seven. We saw it go all the way down. Somebody
got a great deal at exactly $6,000 this week. And then again, taking everything into account,
the average price was 7,000 this week. So hey, this is for me, even though it's steel,
and I love steel watches. And even though I love steel watches, I also love to make fun of them
because I know that they're the spec watches that don't do so well in fear-driven environments.
It seems like the fear is kind of coming out of the market a little bit. And this watch is a buy
for us right now. Undervalued slight downtrend for watch quant. That's very likely a buy depending on
some, depending on the situation. Okay. Okay. So let's keep going here. We have the GMT
solid gold, brand new GMT with the 718GRNR. This one we saw go down a lot. So this watch started
out at $100,000. People were trying to sell it for 100K. I think it did sell quite a few times.
We saw transactions at 90,000. We didn't cover it in the first couple of weeks because it's hard
to cover a watch that has like one sale or two sales out there that you can actually see.
So now that there's been considerable amount of sell out there, we covered it from the $63,000
level from last week down to the 50K extreme bottom this week. Now it is trading at an average
insider price of 61,000. So for the week, the average price was negative 3%. Not that bad,
slight downtrend. And it's considered right now to be undervalued because there's such an amazing
amount of hype around this watch that even though $50,000 is quite a lot for a solid gold Rolex
watch, and that's the extreme low, right? Really, it's actually 61,000 is the average price.
Even though those are high numbers for a solid gold watch, like a meteorite
Pepsi probably trades for less than that. Okay. There's more hype for this watch. There's more
demand for this watch, meaning like there might be one on the market available, but there's,
there's been so many more sold over the last 30 days than there are available today.
There's so much more demand than there is for, than there is actual watches available
that you have to undervalue this at this price. We'll see if it continues downward. I can't
guarantee it, but for us, kind of a buy, certainly at the lower price, we can get it for 50K.
I would do it personally. All right, let's keep going. So we have our Audemars PK Diver,
the 15720ST. This saw a huge extreme down. Again, not very surprising to us. We've been seeing
down moves on the stainless steel APs. This particular watch is very cool looking watch.
However, you know, it's a stainless steel watch with a huge MSRP, but given that huge MSRP,
you know, it is at the end of the day, made of stainless steel, it's worth about $700 intrinsic
value. It's badass and it's definitely something I'd love to wear on my wrist. At the end of the day,
it saw a big down move this week. The insider extreme down move was 37% from $37,000 down to 23.
The average move even was huge, down 20%, almost 21%. So we see the average price today at $31,000,
the market price at $32,000. And we have it, we have it still marked as outperforming. So why is
it marked outperforming? And then avoid. It's marked outperforming and avoid because of two
reasons. One, outperforming, it's because the hype is pretty high for this watch. So it would
normally be considered overpriced at $23,000 because we don't like steel watches in this
environment. But because there was a good amount of hype this week around this watch, lots of people
talking about it, and a good enough amount of volume and search and liquidity for this watch
this week. Even though it went down a lot, we consider the price to be still at an outperforming
level. Meaning it's just higher than it probably should be, but it's not considered overpriced.
But we do have it marked as avoid warning, which is our secondary trend indicator in order to let
you know that it is a falling knife. So just because it's outperforming doesn't mean you
should buy it. Remember, steel APs for whatever reason at this time, we saw one of the ceramics,
which is a little bit more beautiful, a lot harder to work with. Stabilizing at the beginning of this
list, at the end of this list, we're seeing a stainless steel watch getting crushed. And
it is simply, some of these are not super liquid. So some watches we'll see move one week and they
won't move for a couple of weeks. And then you'll see them pop up on the list again a week later. So
we saw the ceramic already have its huge moves down. Now we're seeing this watch, which had a
prior period of 37,000 hit the bottom at 23 and then bounced back up to 31. So 31K for this watch
used to trade probably around 50. It's a beautiful watch, but it is currently marked as avoid warning.
We will not be buying this watch right now. And finally, our watch of the week, the watch to watch,
of course, not much data on this watch. Same as the solid gold version. It's the GMT master two,
one two six, seven one three GRNR. This is the two tone Jubilee gray and black bezel GMT. So it's a
cool watch. It's probably, I mean, everybody loves the Batman. We already covered the Batman.
Everybody loves the Pepsi. Everybody loves the Coke, the old school Coke, but look,
this is a cool watch. It's, it's when you get up close to this watch, it has such finesse and such
a really beautiful, just, I mean, I know we're not supposed to wax poetic about watches here. So
let's talk about the markets, but Hey man, this watch is really cool. When you get it up close,
I think that this, that it's finally gotten itself to a pretty reasonable level, but let's see what
we, let's see what the, the algorithm things. Okay. First of all, insider extreme change,
43% downs. Why? Because when this watch first came out a couple of weeks ago, when it first hit the
market, it was trading at 40 something thousand dollars. Last week, we started the week at 39,685.
We saw an insider extreme low at 22,000. The average price 35. So is 35 high for this price,
high for this watch? No, no. 35 is overpriced. It's a two tone, at the end of the day,
it's a two tone GMT and other two tone GMTs like the root beer, which is a gorgeous rose gold GMT.
Um, you know, we're talking about the modern root beer here that watch trades around 23,
23,000. So seeing this thing hit 22, five this week as the low, really not surprising seeing the
average price and then also our rating of overpriced downtrend, not at all surprising.
I expect to see the average of this as time goes on, the average will go down.
But the extremes probably will not. I think that 22,500 is probably the right price.
It's about what I would want to pay on this watch. So that's what I'm going to be looking for
personally, uh, because I like gold watches, but it doesn't have to be solid gold two tones,
just as cool. And listen, this particular watch looks cooler than the solid gold version.
The bezel is killer up close is killer. And so if is this a buy at the average price we see here at
35,000? No. Is it, um, is it a warning? No, it's not. It's on a downtrend, which we expect because
it started way too high and somebody, some people really just wanted it. So they wanted to be the
first guy in the office with it or whatever. And they spent a lot of money to do that. That's cool.
But, uh, because of that, we now see it on a massive downtrend and we see it as overpriced.
If you can get it down near the lows, Hey, God bless you. All right. So that's our list and that's
our podcast. Thank you so much for joining us. That was the week of May 9th, uh, week of May 13th
through 19th. And, uh, we've already begun the week of May 20th through the 26th. So we'll be
covering that on the 26th next week. I hope that you'll join us for it. Keep in mind, our podcasts
are available on all channels. So if you're hearing this somehow on a channel that you don't like,
don't worry, wherever else to share with your friends, you can share with them on any channel.
We are also coming out with our buyer's guides for all of the major collections right now.
They're all kind of sparse, but we are adding in great content. We're adding in market stuff,
trends, and, uh, you know, all of our really interesting markers and metrics, like, uh, some
of the indicators around value versus price and some of the indicators around, um, you know,
um, you know, the hype or the demand of watches over time and the way that those are trending.
And so I hope that you'll enjoy these as we put more and more information in there. But overall,
of course, it's really just all about the price. Where are we at today? What's fair? What's not?
What's my major risk? What's my major upside at this price? And that's really what we specialize
in. So come on in, check out the Daytona guide and the Nautilus guide. We have put those out there
and, um, enjoy.