Grand Seiko Is TANKING... And That's A Good Thing! [2024]

Why resell value makes you concerned? If you are poor, then just dont buy watch. That is easy right?

Don't buy watches as investments...

Thinking about adding a grand seiko to my collection here shortly

I bought a Grand Seiko Shunbun the week this video was uploaded, hahah.

Nothing wrong with grand seiko watches, anyone thinks there rubbish dont no a watch

people who "invest" in watches are idiots. you invest in things like real estate, stocks bonds etc....

Just seen a brand new Night Birch for 30% off MSRP…… 😜 what a watch!

There is a buy it for life movement. Grand Seiko is one I'd buy to own forever.

where can I buy an spring drive with this 35% price drop? I"m going to USA in may, any reliable second hand place to look in NYC, Dallas or orlando?

Buying watches as investments is a lame excuse for collecting watches. Buy it, wear it and simply enjoy it.

It's the perfect time to buy Grand seiko! I did myself better than rolex! And there's no Investment in Watches at all buy them to enjoy 😉

AD is telling me they can't negotiate on a limited edition GS (SLGH021G). Should I hold off?

Agree with everyone who’s said buy a watch to enjoy it but… Am I the only one who finds it amusing that a video talking about GS not being a good investment starts by plugging an overpriced homage… exactly the type of watch that will have absolutely zero value once you’ve bought it?

IT’S due to the YEN. The YEN is tanking. It’s a currency thing. Not exactly a watch thing.

Like all the other pootube watch channels a speculator/dealer that doesn’t like watches, just likes money he can extract from the audience.

You should not be posting video on watches if money is your main concern and point of reference.

This is quite a normal drop in resale value for most watch brands

I’ve never paid full retail for an Omega either. So GS not much different.

Bit like spending a ton of money on a Rolex and finding out a SM is finished better. I don't buy to sell my watches.

GS isn’t tanking. Most watches drop in value significantly on the used market. Lame video.

Only goons buy watches for resell value. Buy it because you enjoy it loser

I never buy a watch thinking I'm going to sell it later. A watch is a lifetime joy, not an investment. I put a deposit down for a new Tokyo lion just today. Stunning watch. Absolutely beautiful.

Just bought a lightly used sbgw231 for £2500 in the uk - if there’s a better watch in the world for this price I’d like to know

This content creator can't see anything beyond residual values. Most of us aren't trader's

A great investment to buy a watch at low price and keep it until the value goes back up. Like stocks and shares. Don't miss the silver lining.

Buy a watch with intentions of selling it for profit.....No one needs a watch.....you're not a friend.

There are better things to invest in, like property or stocks. You should be buying watches because you like them or you can appreciate the engineering and design and so forth

Lolllll people buying watches as investments 🤡

If you buy a watch as an investment you are stupid anyway

Stay away from their USA service center. Its horrible!

I collect GS and KS for fun, and have one modern piece. Just collect and love 'em! Great time to do so.

Someday, for now budget micro-brands, and Citizen/Casio watches work for me. I plan on getting a Casio Oceanus S100 this summer though.

All brands are suffering right now.

Buying a GS is an emotional experience. I dont think it ever crossed my mind about its future valuation when i got my SLGA009. If you're penny pinching and worried about reselling it, then I dont think you fit the GS demographic.

Hint: shave your cheeks. You look like a bum, mate. Clean up.

Good click bait. Yep, have 2 grand seiko's looking forward to add a 3rd one. Not an investment for me they're art I want to enjoy for a lifetime.

People that buy watches as an investment, knows nothing about investing.
Buy watches like spending on vacations, enjoy the experience.

Is there a watchbrand under 10k except Rolex (I know 10k is pushing it) the appreciates in value? I know none.
Occasionally there’s hype like the pistachio breitling (or the Seiko limited with the crazy Mosaik dial) but these are outliers.
Generally you can get many great watches from omega Tudor etc for at least -20% plus in great condition on the secondary markets.

I bought a new slgh017 from Grey market at 30% discount and couldn’t be happier. Imagine selling away and only going to lose around 5-10% after enjoying the watch

Here’s the real deal by someone who buys GS as both a collector and admirer: Grand Seiko before 2023 are the ones to look for to save. The price being low is only because of how weak the yen is, so people resell and match that market. Grand Seikos post 2023 have had their price adjusted(only NEW models released after 2023) to match US prices closer. So a watch that would have cost you $7200(the proper amount to match that for jp market is 720k) before, would cost you close to 1 million yen now(adjusted to be closer to that $7200 usd) . A good example being the new quartz snowflake. A watch like that should be about 400,000 yen to match the $3800 USD price, but they have adjusted it(since the yen is so weak) so it’s now 510k+ yen. If the yen were to go back to a 1USD:100YEN price, grand seikos in the Japanese market would actually be way more expensive than their USD prices.

Most of them are tanking because the JPY is tanking, so >50% of that market that is priced in JPY actually becomes cheaper against USD that these market index trackers use. Other watch brands are not as exposed to a single currency like Grand Seiko is.

Long term, I don't expect any modern watches to hold their value. No one cares about a 2009 Lamborghini. Most 2024 luxury watches will go the same route.

Just buy a GS on the secondary market, that’s what I’ll do next.

The Time Teller and the comments section don't seem to be aware of what's really going on. The issue is that the dollar is historically strong compared to the yen right now. Conversely, that means that things priced in yen are super cheap if you're paying in dollars. Combine that with a modern internet that let's you buy watches straight from Japan, and voila, the discount / depreciation is explained. You can buy a GS straight from Japan for a fraction of what you would have paid, and of course, that affects the second hand market. When the yen rebounds, the discount / depreciation will disappear.

GS is perfection! Cheaper perfection!? Yes please!!!

I have a speedy project alaska, ND sub and a GS SBGE001 --- all bought at predatory pre owned prices. My GS have been on my wrist dsily since November and haven't stopped wearing it. The GS may be the GADA piece at this point.

I thought it’s about buying low and selling high. Watch as an investment is a joke and screw RM’s ugly looking watches. Craftsmanship of a Grand Seiko is far superior then Rolex. I own a Spring Drive and, yes it’s big and chunky but a great watch. I’m happy to see prices drop, and I hope it continues.

Watches, like guitars are not investments.

It's over for Grand Seiko