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YGRLX · 8 May 2019, 04:07 AM

I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

PatronMTL · 8 May 2019, 04:10 AM

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

derekhayden · 8 May 2019, 04:16 AM

Quote:

Originally Posted by PatronMTL

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

100%.....yep it's just a watch.

strafer_kid · 9 May 2019, 05:34 AM

Quote:

Originally Posted by derekhayden

100%.....yep it's just a watch.

Totally.....there's more to life than watches.....

911NBK · 9 May 2019, 05:49 AM

Quote:

Originally Posted by strafer_kid

Totally.....there's more to life than watches.....

Ya the 4 W's. Watches, wheels, wine and women.

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Navarino · 8 May 2019, 04:18 AM

Quote:

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

Agreed. If we had a repeat event like that my first thought would not be calling up ADs to see if all the hard-to-get models were now available. Damage control on the portfolio would certainly come first and be a bigger priority.

JePro · 8 May 2019, 11:19 AM

Quote:

Originally Posted by Carry The Interest

Agreed. If we had a repeat event like that my first thought would not be calling up ADs to see if all the hard-to-get models were now available. Damage control on the portfolio would certainly come first and be a bigger priority.

+1

81sforlife · 8 May 2019, 05:07 AM

Quote:

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

Totally agree

JePro · 8 May 2019, 11:17 AM

Quote:

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

Absolutely !!

turborolex · 8 May 2019, 12:57 PM

Quote:

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

+1

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enjoythemusic · 9 May 2019, 05:09 AM

Quote:

Originally Posted by PatronMTL

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

Who was to blame for the crash, and the next one.... and who went to jail for 2008 fraud?

Point being, their fraud is very profitable... if you know how to play it.

broham84 · 11 May 2019, 03:57 AM

Quote:

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

1000% this...

If i had to choose between market crash vs. paying premium for a watch... i'd pay the premium 10 outta 10.

SPMN · 8 May 2019, 04:12 AM

For a DaytonaC? No way. Even if the market corrects heavily the Daytona will still trade at a premium. If you want it, don't try to time the market. It'll just start to cost you more and more.

t65tampa · 8 May 2019, 04:15 AM

No, I don't think any market vacillations are going to significantly affect the secondary watch market.

I would never pay $21.5K for a $12.4K watch.

TimingIsEverything · 8 May 2019, 07:47 AM

Quote:

Originally Posted by t65tampa

No, I don't think any market vacillations are going to significantly affect the secondary watch market.

I would never pay $21.5K for a $12.4K watch.

Agreed. There are stainless Daytonas listed for $24K. Insanity at its peak. A full precious metal piece is only 4-5K more than the stainless. Yikes!

m j b · 8 May 2019, 04:38 AM

The market downturn is temporary, I believe, and regardless, even a 10% drop isn't going to impact most Rolex buyers.

And $21,500 seems high for a black daytona. Seems like they were going for mid-upper teens not that long ago?

Littletommy · 8 May 2019, 05:06 AM

Today’s market will have no effect on Rolex pricing

Monty22 · 9 May 2019, 04:50 AM

Quote:

Originally Posted by Littletommy

Today’s market will have no effect on Rolex pricing

Agreed. Most (not all) speculators that join markets use leverage and aren’t liquid enough to worry about a stock/bond/mutual fund portfolio

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YGRLX · 8 May 2019, 05:08 AM

I would never want a market downturn just to buy a watch.... in fact, I would give all of my watches away to avoid one. I was just saying that being at the peak of the market makes everyone want to spend, and a pull back definitely takes it away.

jrs146 · 8 May 2019, 05:21 AM

Quote:

Originally Posted by YGRLX

I would never want a market downturn just to buy a watch.... in fact, I would give all of my watches away to avoid one. I was just saying that being at the peak of the market makes everyone want to spend, and a pull back definitely takes it away.

I get what you’re saying. Expand a days movement to a year and now you will see the watch market start to cool. Expand it to a true bear market and it quite sure the gray market gets cut in half.

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jsausley · 8 May 2019, 05:10 AM

Quote:

Originally Posted by YGRLX

I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

You do realize the market was literally at all time highs Thursday/Friday right?

This is just a slight downward fluctuation due to tariff talk.

mulgogy · 8 May 2019, 05:13 AM

5 months ago the market was down almost 5000 points compared to today... no effect then, no effect now.

911NBK · 8 May 2019, 01:08 PM

Quote:

Originally Posted by mulgogy

5 months ago the market was down almost 5000 points compared to today... no effect then, no effect now.

That's not true. Watches have gone up 20% or more since 5 months ago. 5 months ago here in Montreal I could get a batman for 15k now they're 18 to 19. SS Daytona for 23 24 now 28 29. BLRO was offered to me at 18k in January now I cant find one for less than 24 to 25k. All these prices are in CAD btw.

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ricardo-sf · 11 May 2019, 03:37 AM

Quote:

Originally Posted by 911NBK

That's not true. Watches have gone up 20% or more since 5 months ago. 5 months ago here in Montreal I could get a batman for 15k now they're 18 to 19. SS Daytona for 23 24 now 28 29. BLRO was offered to me at 18k in January now I cant find one for less than 24 to 25k. All these prices are in CAD btw.

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using the BATMAN or the BLRO as the examples when you talk about watch prices makes no sense .. those are outliers ..

911NBK · 11 May 2019, 05:22 AM

Quote:

Originally Posted by ricardo-sf

using the BATMAN or the BLRO as the examples when you talk about watch prices makes no sense .. those are outliers ..

What about daytona? And hulk? And all SS's basically. Only TT's and PM's are findable at retail or lower except TT CHNR.

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VacherObsessive · 8 May 2019, 05:17 AM

If the economy in the USA goes bad they’ll all be shipped off to Asia and sold for the same premium so no the price won’t be affected by the few left In the USA

dtwer · 8 May 2019, 05:52 AM

Quote:

Originally Posted by YGRLX

I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

Please don't do that to your money. It's just a piece of jewelry, don't throw silly money at it.

gaeleus · 9 May 2019, 04:56 AM

[QUOTE=dtwer;9613013]Please don't do that to your money. It's just a piece of jewelry, don't throw silly money at it.

[/QUOTE

People now days want to become rich off buying a watch. Lol! Remmber the days when you had to be financially successful to buy these pieces. Not the other way around. Times change

reddog4063 · 8 May 2019, 05:54 AM

If the markets go down a lot you are better off deploying that cash into the markets, i am waiting for some discounts myself!

Old Geezer · 8 May 2019, 06:09 AM

When trade concerns lessen, the rally will continue.

8 May 2019, 04:07 AM	#1
YGRLX "TRF" Member Join Date: Jan 2019 Location: N/A Posts: 554	Market down, who wants to pay the premium I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

8 May 2019, 04:10 AM	#2
PatronMTL "TRF" Member Join Date: Jul 2017 Location: Montreal Posts: 433	Wishful thinking...until the market goes up 500 points tomorrow Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone __________________ BLNR (gone) - SS YMII (blue hands , gone) - TT SD43

8 May 2019, 04:15 AM	#14
t65tampa "TRF" Member Join Date: May 2008 Location: USA Posts: 2,259	No, I don't think any market vacillations are going to significantly affect the secondary watch market. I would never pay $21.5K for a $12.4K watch. __________________ t65tampa

8 May 2019, 04:38 AM	#16
m j b "TRF" Member Join Date: Mar 2011 Real Name: Michael Location: RTP, NC, USA Watch: ♕& Ω Posts: 5,221	The market downturn is temporary, I believe, and regardless, even a 10% drop isn't going to impact most Rolex buyers. And $21,500 seems high for a black daytona. Seems like they were going for mid-upper teens not that long ago? __________________ Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds...

8 May 2019, 05:54 AM	#29
reddog4063 "TRF" Member Join Date: Feb 2012 Location: NYC Posts: 216	If the markets go down a lot you are better off deploying that cash into the markets, i am waiting for some discounts myself! __________________ King of the Air Please note, all of my posts are meant to spark discussion to make the board fun. I do not need advice and consent, I am having fun here

8 May 2019, 04:12 AM	#13
SPMN "TRF" Member Join Date: Apr 2017 Location: St Paul, MN Watch: Tudor, Omega Posts: 1,218	For a DaytonaC? No way. Even if the market corrects heavily the Daytona will still trade at a premium. If you want it, don't try to time the market. It'll just start to cost you more and more.

8 May 2019, 05:06 AM	#17
Littletommy 2024 SubLV41 Pledge Member Join Date: Apr 2017 Real Name: Mayor Vaughn Location: Shark City, FL Posts: 475	Today’s market will have no effect on Rolex pricing

8 May 2019, 05:08 AM	#19
YGRLX "TRF" Member Join Date: Jan 2019 Location: N/A Posts: 554	I would never want a market downturn just to buy a watch.... in fact, I would give all of my watches away to avoid one. I was just saying that being at the peak of the market makes everyone want to spend, and a pull back definitely takes it away.

8 May 2019, 05:13 AM	#22
mulgogy "TRF" Member Join Date: Apr 2018 Location: New England Watch: Rollies Posts: 224	5 months ago the market was down almost 5000 points compared to today... no effect then, no effect now.

8 May 2019, 05:17 AM	#26
VacherObsessive "TRF" Member Join Date: Jul 2014 Location: Uk Posts: 941	If the economy in the USA goes bad they’ll all be shipped off to Asia and sold for the same premium so no the price won’t be affected by the few left In the USA

9 May 2019, 04:56 AM	#28
gaeleus "TRF" Member Join Date: May 2013 Location: texas Posts: 281	[QUOTE=dtwer;9613013]Please don't do that to your money. It's just a piece of jewelry, don't throw silly money at it. [/QUOTE People now days want to become rich off buying a watch. Lol! Remmber the days when you had to be financially successful to buy these pieces. Not the other way around. Times change

8 May 2019, 06:09 AM	#30
Old Geezer "TRF" Member Join Date: May 2015 Location: South Carolina Posts: 5,283	When trade concerns lessen, the rally will continue.

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