offshore Posted September 12, 2009 Report Share Posted September 12, 2009 For those interested, some random thoughts and musings of my recent trip to HK & GZ.. We all know that watches are a large market. We see the numbers manufactured and assume sold. To visit a show where there are around 900 exhibitors, many with multiple stands, and points of representation, was mind boggling. Some strap makers had massive structures and displays, which would have taken days and cost hundreds of thousands of dollars to assemble. I use strap makers as the analogy here, as they are a lower value item in any watch overall cost (in most instances) Of course the major manufacturers and movement guys also had large corporate stands, but strap makers for Gods sake! There were also seemingly endless booths of straps on display. How many ways can you manufacture and present a strap?? The show, as said, was massive! 900 exhibitors and 1600 stands. Set into a variety of areas- Watches, Parts & Accessories, Machinery, Packaging, A brand name showcase, Delegations from Overseas..Taiwan, Korea, India, even mainland China had an area???? (Couldn Quote Link to comment Share on other sites More sharing options...
Guest HaloArchive Posted September 12, 2009 Report Share Posted September 12, 2009 Thank you for the great read and the insight! Quote Link to comment Share on other sites More sharing options...
KB Posted September 12, 2009 Report Share Posted September 12, 2009 A truly illuminating account of your trip thanks OS, one that any future travelers should take the time to read as part of their journey preparations. Ken Quote Link to comment Share on other sites More sharing options...
earth2172 Posted September 12, 2009 Report Share Posted September 12, 2009 another great read! captivating story. Thx for taking your time to put this here and see you soon in GZ Quote Link to comment Share on other sites More sharing options...
asf Posted September 12, 2009 Report Share Posted September 12, 2009 wow. truely an eye re-opener Quote Link to comment Share on other sites More sharing options...
P_Diddy Posted September 12, 2009 Report Share Posted September 12, 2009 Fascinating insight ......... I admire your honesty and humility. Its true we know only a fraction about the rep world and you personally have witnessed what most of us will probably never see. look forward to reading more from your personal insights Quote Link to comment Share on other sites More sharing options...
valerian Posted September 12, 2009 Report Share Posted September 12, 2009 Hey Offshore, that's a very entertaining and informative read. Thanks for taking the time for it! It makes me want to go there and take a look myself. I will be in HK in November for a week. I'm very much looking forward to it, but Guangzhu must be extreme in many ways. Kind regards Val. Quote Link to comment Share on other sites More sharing options...
specialvat Posted September 12, 2009 Report Share Posted September 12, 2009 Great write up, thanks for posting. Quote Link to comment Share on other sites More sharing options...
Slartibartfast Posted September 12, 2009 Report Share Posted September 12, 2009 A superb read. Thank you v much for taking the time to share your experience. Such images in my minds eye! Would like to walk that road myself. Quote Link to comment Share on other sites More sharing options...
Agrippa Posted September 12, 2009 Report Share Posted September 12, 2009 Thanks a lot for both this post and the progress reports from the trip Offshore! Very, very interesting reads and very entertaining as well. Quote Link to comment Share on other sites More sharing options...
P4GTR Posted September 12, 2009 Report Share Posted September 12, 2009 A page turner as always, from my favorite GZ author. It's simply never enough! Quote Link to comment Share on other sites More sharing options...
FxrAndy Posted September 12, 2009 Report Share Posted September 12, 2009 A great read OS, did you find out what the moq was from the movement factories, for example 7750s Quote Link to comment Share on other sites More sharing options...
chrgod Posted September 12, 2009 Report Share Posted September 12, 2009 Very fascinating read. The world has really opened up the last decades. China must be sure be an interesting country to visit! Quote Link to comment Share on other sites More sharing options...
silverspeed Posted September 12, 2009 Report Share Posted September 12, 2009 Another fantastic read Quote Link to comment Share on other sites More sharing options...
offshore Posted September 13, 2009 Author Report Share Posted September 13, 2009 A great read OS, did you find out what the moq was from the movement factories, for example 7750s Andy, You can get as few as 100 pieces ex factory! But the price is VERY shabby. You probably will do better if you can swing a deal with a 5k or 10k units buyer. I know it sounds like fantasy that a buyer would buy those quantities in 1 hit, but the price breaks are there for them, and then the numbers get more appealing! Wanna buy 9,900 from my bulk buy? (Best I saw was Euro 253 for 100 ex factory!)(That's for ETA) Offshore Quote Link to comment Share on other sites More sharing options...
mad dawg Posted September 13, 2009 Report Share Posted September 13, 2009 Excellent post. I enjoyed reading your commentry on the commercial realities of the watch trade over there. MD Quote Link to comment Share on other sites More sharing options...
offshore Posted September 13, 2009 Author Report Share Posted September 13, 2009 Just had a PM from a member, asking about the quality of a particular tool, which he pictured for me. It is impossible to tell! This little story may explain. I asked the tool guy I will use in GZ for some good screwdrivers, He put a set in front of me which were crap. No ball bearing. So I told him, and he produced another box, same packaging, same drivers by all appearances, but these had a ball bearing swivel. "Ok I say, now I want something with a s/s body not chrome brass!" So a 3rd model, (same packaging again), is produced....s/s and swivel version! I then berate the set for its lack of decent blades. He reaches under the counter and produces a big box of blades. "Swiss" I am told. "OK now give me a price for 20 sets, fitted with the good blades" Price given, deal done. His boy then takes 20 sets off the shelf, and proceeds to refit 20 sets of blades. So in the same box, with the same appearance are sets which are totally different to the 1st set. About 2X the original price, but at least I can sell some 1/2 decent quality items. So NEVER take the appearance as a guide, you MUST look at the item. This scenario was played out with a whole bunch of tools. Eventually the tool guy realised I would pay for better quality, and started showing me better versions straight up. Which is why I went to GZ and HK in the first place. Offshore Quote Link to comment Share on other sites More sharing options...
Samurai Posted September 13, 2009 Report Share Posted September 13, 2009 Fascinating Quote Link to comment Share on other sites More sharing options...
phaedo Posted September 13, 2009 Report Share Posted September 13, 2009 Andy, You can get as few as 100 pieces ex factory! But the price is VERY shabby. You probably will do better if you can swing a deal with a 5k or 10k units buyer. I know it sounds like fantasy that a buyer would buy those quantities in 1 hit, but the price breaks are there for them, and then the numbers get more appealing! Wanna buy 9,900 from my bulk buy? (Best I saw was Euro 253 for 100 ex factory!)(That's for ETA) Offshore Did you happen to come across prices on A7750's in bulk? I seem to recall a thread a few months ago where someone had a contact who was able to order them real cheap, through a catalogue he got at a bike shop or something, and don't recall that anything ever eventuated with finding out whether they were legit or not (the movements, not the member). Quote Link to comment Share on other sites More sharing options...
offshore Posted September 13, 2009 Author Report Share Posted September 13, 2009 No, I didn't ask! I will put out an enquiry though and advise. O/S Quote Link to comment Share on other sites More sharing options...
hambone Posted September 13, 2009 Report Share Posted September 13, 2009 Bait and switch, buyer beware. These guys love nothing more than to clean up on a weak customer. This is a take no prisoners game of one upsmanship that they will never tire of, and take no pity on your lack of experience in the environment. You have to be so careful. thanks for the great post. I think you impressed e veryone just how brutal these merchants can be. Just use your head and due diligence and a buyer can come out ok. It is no cakewalk though, that much is clear. Quote Link to comment Share on other sites More sharing options...
morlock Posted September 13, 2009 Report Share Posted September 13, 2009 Offshore, thanks for your inside view of industry that nurse our hobby. I only can imaging how amazing and surreal are the things you saw there. Quote Link to comment Share on other sites More sharing options...
bluerex Posted September 14, 2009 Report Share Posted September 14, 2009 Thanks O/S. Thoroughly enjoyed your account of the trip. Thanks for taking the time out to put this together. D Quote Link to comment Share on other sites More sharing options...
StormTooper4 Posted September 14, 2009 Report Share Posted September 14, 2009 A cracking read and very much appreciated. ST4 Quote Link to comment Share on other sites More sharing options...
offshore Posted September 14, 2009 Author Report Share Posted September 14, 2009 OK, after much f*****g around, I have finally sorted out a bmp from a jpg, and can now post some shots, for those interested. This 1st one is a shot across HK harbour from the Convention Centre. Unfortunately I didn't take any other shots of the watch show, so you'll have to visit http://hkwatchfair.hktdc.com/ to see some views. Next is a shot on the train between HK and GZ. I was so amazed at the endless panorama of blocks of flats and factories, that I took maybe 12 of these, but they all look similar, so 1 will do Next is a series of outside shots of the various streets around the markets. some of these were early one morning, when there was not much traffic, however I have included some from later in the day, when the action got busier! This was a building up one of the side streets, that housed another few floors of watches and parts. Later in the day, more traffic! This is one of the main market buildings, the two entrances ,left and right, lead to a basement area, the centre area leads to a mezzanine type floor. There is another floor which is above this one,but then, what are on all those floors above those areas? I saw some offices on the next floor, but one can only wonder about the higher areas. Finally a sneak shot in one of the hallways in the VIP area, flash off for obvious reasons. So let's venture inside. My tool guy of choice, he has 2 stalls like this facing each other. Some of his stock. Just across from him was a sapphire guy, who had a huge selection, I found some rare Seiko crystals here, and he had no idea what they fitted. Got them for A$7 each! You will note that the shutters are down on a lot of stalls. This was at 10am, and things don't start to hum until 12 noon or later. Follows are some shots from the storeroom which held the winders and storage boxes, it is the last few of this series, that earned me the wrath of the owner. I don't think he wanted photos with brand names showing, although with my photo skills, you would need a good zoom or great eyesight! The watch storage boxes mentioned! And finally a shot just inside the front of this building. I actually stood looking the other way, and stuck my hand around the corner to get this one, no flash of course, so I have adjusted the light levels to my best ability. And a shot of a couple of croc straps, these are what can be custom made. Of necessity I have not repeated a lot of shots, and have purposely censored some more. (For the well being of certain people who are in the markets regularly.) Hope my crappy photos give a little meaning to the story. Offshore Quote Link to comment Share on other sites More sharing options...
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