Watch Safari: Mongkok (Hong Kong) - April 18, 2023

Join me on a tour of a few secondhand watch shop in the bustling streets of Mongkok, on the Kowloon side of Hong Kong. Lots to see!

Fx reminder for easy reference:
USD 1 = HKD 7.85
So for example:
HKD 100k = USD 12,738
USD 20k = HKD 157k

You can hope to find more unusual things here but still Rolex is the main draw. When searching you can see which dealer is trying to sell watches a bit faster and it's not easy in a market that is on a pullback after a bubble-like rise.

So it is a good time to buy? I'd be cautious given how much stock is available and don't forget where prices were just a few years back. It can all crumble a lot more while brands keep on pumping new models every year.

Personally I'm more comfortable buying rarer models, things that have intrinsic value rather than hype to support them. I also don't want to just own the same watches as hundreds of thousands of people.