I recently chanced upon an advert for the aforementioned Fortis watch, which the seller wanted to sell at 50% of its RRP : RM5,200. Judging from the remaining warranty period, the watch was app 15 months old todate and the discount was a very generous one. The advert was placed in Feb and 8 months later with the watch still unsold, the seller was willing to go down to RM3,700. I thought that I would be interested to get the limited edition watch, purely because it was priced too low not to get it, compared to its RRP.
However, a quick Google revealed that the current RRP was actually at a very modest RM4,993. That meant that the discount on the 1+ year old watch was far lesser than earlier thought. If the buyer had indeed purchased the said watch at an RRP : RM10,400 in 2013, it was definitely shocking that the 2014 new watch price has since depreciated to 50% of its initial price. There must be very limited demand for the said watch, so the question was how much more would it depreciate to given another year or so..?
Shocking indeed...
If you are interested in the watch, I can recommend you to a local AD. The salesperson told me that demand for the brand is low, so they could go up to 60% discount from the suggested retail price. At that price, you better buy new than a 1-plus year old same watch.
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