If this is any indication....

[Ocog]

I know there has been some dialogue about the possibly of us being able to snag "Hot Models" now that corona virus has made its mark. However, it does not look to be the case. Looking at the reopening of Hermes in the article below, I think the Asian market is about to heat up again.

Sorry guys, its about to get even tighter with Rolex now that supply has tightened across the board.


https://robbreport.com/style/accesso...a-day-2912999/

[Shdrolex]

Its getting difficult to even understand the market trends now. Who knows what going to happen next.


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[Theoffice]

Buy now while you can, even at slightly reduced prices,
Rolex is going to be shipping less and demand is higher then ever.!

[Fleetlord]

The terrible truth is that those most affected by the economic ramifications of the pandemic more than likely don't even know what "Hermes" is, let alone line up to revenge spend instead of lining up at a food bank.

That being said, I am not surprised at all that these goods are selling..

In fact, if the manufacturers of luxury goods and their stores were allowed to be open,I don't think there would be much drop off at all. Those buyers just haven't been hurt by the downturn anywhere near those who have.

[bob2]

The Chinese use luxury goods as a store of value. People rushing to buy luxury goods may be more indicative of long term trouble than a return to normalcy.

[blada4life]

Everyone is a collector now. Everyone. Items are all in short supply. Take for example basketball cards. They have been trickling up in price. The “optic” line sells something calls
A blaster box for $60 now. Retail price: $20.

There’s just too many people interested in collectible items and not enough production of certain brands.

The basketball card market is actually crazier than the watch market. You got 2003 set editions selling for thousands when retailed for $30. Yes I know the demand is there but the multiple is crazy. When a basketball card box cost as much as a speed master you know something is wrong. My point, trends have changed and people are using these items to grow money, or store it.

I think that’s the new normal. With rolex gone, I have a bad feeling prices will go up even higher, once the light at the end of the tunnel is visible well. In the short term there will be a dip and its already slightly visible, about 10%, but like any market, the increase will go higher than before (like real estate).

This may be hard to believe but in my example above, prices are literally peaking. Same cards/packs sold for 10% less 1-2 weeks ago. It’s insanity. In March it was 20% less.

As someone said above, most of the people who lost their jobs aren’t Rolex buyers anyway. Ya there are exceptions but try to think about those people that you know of who collect, I bet most are still employed.


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[Fleetlord]

Originally Posted by blada4life

Everyone is a collector now. Everyone. Items are all in short supply. Take for example basketball cards. They have been trickling up in price. The “optic” line sells something calls
A blaster box for $60 now. Retail price: $20.

There’s just too many people interested in collectible items and not enough production of certain brands.

The basketball card market is actually crazier than the watch market. You got 2003 set editions selling for thousands when retailed for $30. Yes I know the demand is there but the multiple is crazy. When a basketball card box cost as much as a speed master you know something is wrong. My point, trends have changed and people are using these items to grow money, or store it.

I think that’s the new normal. With rolex gone, I have a bad feeling prices will go up even higher, once the light at the end of the tunnel is visible well. In the short term there will be a dip and its already slightly visible, about 10%, but like any market, the increase will go higher than before (like real estate).

This may be hard to believe but in my example above, prices are literally peaking. Same cards/packs sold for 10% less 1-2 weeks ago. It’s insanity. In March it was 20% less.

As someone said above, most of the people who lost their jobs aren’t Rolex buyers anyway. Ya there are exceptions but try to think about those people that you know of who collect, I bet most are still employed.


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Wow....been out of the game for awhile..

What 2003 BB jumped like that in value?

[blada4life]

Originally Posted by Fleetlord

Wow....been out of the game for awhile..



What 2003 BB jumped like that in value?

Just one example but 2003 topps chrome sealed cases selling for $4k+. 2003 Hobby boxes selling over $1200 as are bowman hobby’s. These aren’t even the super high end sets. Just to name a few


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[GB-man]

I don’t buy it. Down year for luxury goods no matter how how this shakes out.

High end cars are definitely down. I saw a essentially new Ferrari 458 sell for 205k and yesterday a 5k mike 2017 488 convertible sold for 238k. Those would have been unthinkable bargains a month ago.

[blada4life]

Originally Posted by GB-man

I don’t buy it. Down year for luxury goods no matter how how this shakes out.

High end cars are definitely down. I saw a essentially new Ferrari 458 sell for 205k and yesterday a 5k mike 2017 488 convertible sold for 238k. Those would have been unthinkable bargains a month ago.

I agree there are bargains to be had right now. It’s for sure a buyers market. But I’m not sure it will be the norm rather than some exceptions, except of course if this situation lasts for a few more months. If it’s short enough, there will be a quick upswing. Either way this is all conjecture, from both arguments, with examples proving both arguments.


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[Ocog]

Originally Posted by GB-man

I don’t buy it. Down year for luxury goods no matter how how this shakes out.

High end cars are definitely down. I saw a essentially new Ferrari 458 sell for 205k and yesterday a 5k mike 2017 488 convertible sold for 238k. Those would have been unthinkable bargains a month ago.

Down year for who? Those who are over leveraged? The only people panic selling are those who should not have splurged in the first place. Those guys are where the deals are coming from. Other than that, I don’t see how this will affect the market in general. Deals will be had but don’t expect it to be across the board.

This is a liquidity crisis at worst. Not what we saw in 2008 with the credit crisis.

Btw, $200k range is what a slightly used 458 goes for.

[GB-man]

Originally Posted by Ocog

Down year for who? Those who are over leveraged? The only people panic selling are those who should not have splurged in the first place. Those guys are where the deals are coming from. Other than that, I don’t see how this will affect the market in general. Deals will be had but don’t expect it to be across the board.

This is a liquidity crisis at worst. Not what we saw in 2008 with the credit crisis.

Btw, $200k range is what a slightly used 458 goes for.

When I said a down year I was referring to a decline in revenue for purveyors of luxury goods relative to 2019.

[Hollie_Rollie]

Can we really compare luxury markets?

[srvrf]

I think it’s always hard to generalize, but in times of crisis, priorities change. People may liquidate watches and other assets at a relative discount because they value the security of cash, not necessarily because they are over leveraged.


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[BigBlue1]

another one

[Ocog]

Originally Posted by Ocog

I know there has been some dialogue about the possibly of us being able to snag "Hot Models" now that corona virus has made its mark. However, it does not look to be the case. Looking at the reopening of Hermes in the article below, I think the Asian market is about to heat up again.

Sorry guys, its about to get even tighter with Rolex now that supply has tightened across the board.


https://robbreport.com/style/accesso...a-day-2912999/

Now, as I said. Asian Market is heating up and Grey market prices are going up.

Where are all the naysayers at?

[BreguetRolex]

Originally Posted by Ocog

I know there has been some dialogue about the possibly of us being able to snag "Hot Models" now that corona virus has made its mark. However, it does not look to be the case. Looking at the reopening of Hermes in the article below, I think the Asian market is about to heat up again.

Sorry guys, its about to get even tighter with Rolex now that supply has tightened across the board.


https://robbreport.com/style/accesso...a-day-2912999/

Stainless flippers are only ones affected and who really cares..? I look at it as if your can't afford the watch don't buy it plain and simple.. It will be rare for stainless flipping staggers to get very many of these to flip as dealers are pretty wise to this through out the world. I was in Sri Lanka for the last 7 months and went to the Rolex dealer in Colombo and he told me that even the world stainless flippers have flown in to see if they could snag them a stainless flipper... Those whom most irritated by all this are ones that can't snag them a stainless flipper..

[77T]

Originally Posted by fasddhfgsw4

The Chinese use luxury goods as a store of price. People rushing to shop for luxurious goods to xxx the best basket ball can be more indicative of long time hassle than a go back to normalcy.

Spammer reported.


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[cop414]

Originally Posted by 77T

Spammer reported.


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And bye bye

[77T]

Originally Posted by cop414

And bye bye

Swift justice, thanks Tim.


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