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JJ Irani · 29 September 2010, 05:23 AM

Hi guys,

What do you feel? It looks like the sellers are having a hard time trying to off load their Rolexes, ADs are quite eager to dish out discounts just to turn over their stock and most buyers are now holding back and lying low...........and refraining from adding onto their collection.

Of course, I speak in general, but that's just the impression I'm getting. Sales are slow and the buyer seems to be calling the shots!!

Opinions?

Thanks - JJ

BarkMaster · 29 September 2010, 05:27 AM

I have no way to gauge that, but given the condition of the global economy in general I would think that could easily be the case.

JJ Irani · 29 September 2010, 05:28 AM

Quote:

Originally Posted by 777

I have no way to gauge that, but given the condition of the global economy in general I would think that could easily be the case.

Well, if people go around burning 100-Dollar bills like the one in your avatar, no wonder the economy is in a slump!!

Rolexitis · 29 September 2010, 05:30 AM

I agree JJ. If I had the $ to negotiate, I feel sure I could get a good deal in the current state of the economy. Rolex also needs to STOP the biannual increases in retail price. It's ridiculous and makes me ill.

BarkMaster · 29 September 2010, 07:02 AM

Quote:

Originally Posted by JJ Irani

Well, if people go around burning 100-Dollar bills like the one in your avatar, no wonder the economy is in a slump!!

I thought all Rolex owners had money to burn?

rmfnla · 29 September 2010, 05:29 AM

Might be a function of price; there have been some pretty stiff increases over the last few years, especially in the sports watches.

wantonebad · 29 September 2010, 05:38 AM

I totally agree JJ!
remember trying to sell your last Blusey? Took a while and only you know if you got the price you wanted. I couldn't get the price I wanted for my 16613 so I kept it. As it turns out demand hasn't come back yet, it might not ever come back, but I couldn't give mine away so it's going to remain in my collection unless... I change my mind

Fiery · 29 September 2010, 05:38 AM

Quite frankly, I expected this to happen. When on this forum a lot of posts were all about how the new SS Sub-C would be hard to buy for a year or so, and that 2nd-hand BNIB ones would be sold for a premium (= over MSRP) for several months, I had my doubts. Now it seems a lot of ADs currently have both the LN and LV versions on stock, and BNIB/LNIB ones are sold on forum sales corners for no more than MSRP. Maybe everyone waited for the new Sub-C, put their names on the waiting lists, but then noone actually bought it. Maybe most of those guys believed back in the spring that economy would quickly recover after the good news coming early this year. But it seems the world economy may just be on a small hill only, and the next big "valley" is still ahead...

JJ Irani · 29 September 2010, 06:42 AM

Quote:

Originally Posted by Fiery

Quite frankly, I expected this to happen. When on this forum a lot of posts were all about how the new SS Sub-C would be hard to buy for a year or so, and that 2nd-hand BNIB ones would be sold for a premium (= over MSRP) for several months, I had my doubts. Now it seems a lot of ADs currently have both the LN and LV versions on stock, and BNIB/LNIB ones are sold on forum sales corners for no more than MSRP. Maybe everyone waited for the new Sub-C, put their names on the waiting lists, but then noone actually bought it. Maybe most of those guys believed back in the spring that economy would quickly recover after the good news coming early this year. But it seems the world economy may just be on a small hill only, and the next big "valley" is still ahead...

Yes, agreed...........good post!!

In fact, some of the members have found the new Sub-C to be a disappointment and have preferred the older Sub 16610 with the slimmer lugs and not so "chunky" look!!!

JJ

Chipmunk · 29 September 2010, 05:39 AM

If that is fact........ then that's good news for me as a buyer.

Jocke · 29 September 2010, 05:49 AM

Quote:

Originally Posted by JJ Irani

Hi guys,

What do you feel? It looks like the sellers are having a hard time trying to off load their Rolexes, ADs are quite eager to dish out discounts just to turn over their stock and most buyers are now holding back and lying low...........and refraining from adding onto their collection.

Of course, I speak in general, but that's just the impression I'm getting. Sales are slow and the buyer seems to be calling the shots!!

Opinions?

Thanks - JJ

Could it be that the rumor in New Zealand says you already have four Rolex so the only chance of buying one more
is that you get a huge discount.

JJ Irani · 29 September 2010, 06:41 AM

Quote:

Originally Posted by Jocke

Could it be that the rumor in New Zealand says you already have four Rolex so the only chance of buying one more
is that you get a huge discount.

No more for me.......in fact, I've been trying to sell my Exp-II since 4 months now without any success!!

Jocke · 29 September 2010, 06:43 AM

Quote:

Originally Posted by JJ Irani

No more for me.......in fact, I've been trying to sell my Exp-II since 4 months now without any success!!

I guess if it have a glass back and a leather band it will go in a eyeblink. Oupps,
sorry Frank wasn't your middlename.

sakuraba · 29 September 2010, 06:46 AM

Might be due to seasonality. I'd be interested to hear from sellers compare sales vs same time last year.

JJ Irani · 29 September 2010, 06:47 AM

Quote:

Originally Posted by Jocke

I guess if it have a glass back and a leather band it will go in a eyeblink. Oupps,
sorry Frank wasn't your middlename.

It looks like the HONK button is working quite nicely on your computer, Jocke!!

You seem to log on the minute I'm on!!

sakuraba · 29 September 2010, 06:48 AM

Quote:

Originally Posted by JJ Irani

You seem to log on the minute I'm on!!

I smell a Bromance coming on!

Jocke · 29 September 2010, 06:48 AM

Quote:

Originally Posted by JJ Irani

It looks like the HONK button is working quite nicely on your computer, Jocke!!

You seem to log on the minute I'm on!!

Correctomundo, I have just set my computer at NZ daylight saving time to be sure.

gaopa · 29 September 2010, 07:05 AM

This is an interesting thread.

Lately I have been buying some less expensive micro watch company watches used on the forums as even those are not selling well. I can imagine that high line watches like Rolex are moving slowly.

I wonder when things will turn around. Cheers, Bill P.

MILFAN · 4 October 2010, 12:13 PM

Guess what JJ, I have been looking to buy a Exp-II but they increased the prices in NL. I think its ridiculous.
How come you cannot sell yours.

Cheers
M

Quote:

Originally Posted by JJ Irani

No more for me.......in fact, I've been trying to sell my Exp-II since 4 months now without any success!!

JEC · 29 September 2010, 06:19 AM

Too bad the same isn't true for the vintage market. It's been steadily going up for the last year. I bought and sold a 5500 less than a year ago and now it's gotten out of my price range. I wanted a 1675 when they were around 3K, now it's hard to get a good one under 5.

It's all ebays fault, I say.

Yazo · 29 September 2010, 08:10 AM

Quote:

Originally Posted by JEC

Too bad the same isn't true for the vintage market. It's been steadily going up for the last year. I bought and sold a 5500 less than a year ago and now it's gotten out of my price range. I wanted a 1675 when they were around 3K, now it's hard to get a good one under 5.

It's all ebays fault, I say.

For real... but that's one of the reasons I got into vintage!

esm · 29 September 2010, 06:47 AM

It's almost Christmas time... Wait till the tax return time comes around...

sandybax · 29 September 2010, 06:48 AM

Economy is the factor. An expensive watch is not a necessity, so in hard or uncertain times people cut back on toys first. Same with bikes, classic cars, etc. Recession. On the flip side, if you have cash you order the music :)

chris russell · 29 September 2010, 06:52 AM

I think Rolex needs to get its head outta its @$$ with these incessant price increases in the midst of a slow worldwide economy. 10 or 15% increases once or even twice a year is just stupid when inflation is close to zero. It means the watches are doubling in price in terms of actual buying power every few years. They shouldn't be shocked to find they are shrinking their market base.

JJ Irani · 29 September 2010, 06:56 AM

Quote:

Originally Posted by chris russell

I think Rolex needs to get its head outta its @$$ with these incessant price increases in the midst of a slow worldwide economy. 10 or 15% increases once or even twice a year is just stupid when inflation is close to zero. It means the watches are doubling in price in terms of actual buying power every few years. They shouldn't be shocked to find they are shrinking their market base.

Very true, Chris!! With their ever increasing prices, Rolex are also encouraging the Gray Market dealers to undercut their prices and give customers a better deal.

Our very own trusted TRF sellers can still get us unbeatable deals on virtually any watch out there!!

JJ

Jocke · 29 September 2010, 06:59 AM

Quote:

Originally Posted by JJ Irani

Very true, Chris!! With their ever increasing prices, Rolex are also encouraging the Gray Market dealers to undercut their prices and give customers a better deal.

Our very own trusted TRF sellers can still get us unbeatable deals on virtually any watch out there!!

JJ

You talk about grey market dealers?

JJ Irani · 29 September 2010, 07:01 AM

Quote:

Originally Posted by Jocke

You talk about grey market dealers?

I see you're in a very frivolous and good mood, Jocke!! What's up, buddy........did you win the big LOTTO?

Jocke · 29 September 2010, 07:07 AM

Quote:

Originally Posted by JJ Irani

I see you're in a very frivolous and good mood, Jocke!! What's up, buddy........did you win the big LOTTO?

What big LOTTO? Over here we have to work hard for the money. Yes I'm in my normal mood so just watch out.

Tijssan · 29 September 2010, 06:55 AM

If it follows typical retail sales trends now is a good time to buy. In the holiday season sales typically pick up. Having said that though, there is uncertainty about the 2010 holiday retail sales (as there is uncertainty with anything economic these days) and stocking trends are not matching previous years. I guess only time will tell...

G.D.BeanCounter · 29 September 2010, 06:55 AM

Greetings All. New to the forum, but have been observing and gaining insight in the background. Honored to be amongst a good group of people.

I would have to say, I agree that the buyer's have the upper hand right now, and I certainly believe it has to do with the economy. Too bad I went crazy and blew my watch budget months ago. probably could have saved several hundred dollars on my purchases.

29 September 2010, 05:23 AM	#1
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	I get the impression that Rolex is slowly turning into a Buyer's market!! Hi guys, What do you feel? It looks like the sellers are having a hard time trying to off load their Rolexes, ADs are quite eager to dish out discounts just to turn over their stock and most buyers are now holding back and lying low...........and refraining from adding onto their collection. Of course, I speak in general, but that's just the impression I'm getting. Sales are slow and the buyer seems to be calling the shots!! Opinions? Thanks - JJ

29 September 2010, 05:27 AM	#2
BarkMaster "TRF" Member Join Date: Jul 2009 Location: Texas Watch: 18078 YG DD Posts: 7,962	I have no way to gauge that, but given the condition of the global economy in general I would think that could easily be the case. __________________ BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK BARK

29 September 2010, 05:30 AM	#4
Rolexitis "TRF" Member Join Date: May 2008 Real Name: Matt Location: Earth Watch: 114060 Posts: 3,203	I agree JJ. If I had the $ to negotiate, I feel sure I could get a good deal in the current state of the economy. Rolex also needs to STOP the biannual increases in retail price. It's ridiculous and makes me ill. __________________ Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

29 September 2010, 05:38 AM	#7
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	I totally agree JJ! remember trying to sell your last Blusey? Took a while and only you know if you got the price you wanted. I couldn't get the price I wanted for my 16613 so I kept it. As it turns out demand hasn't come back yet, it might not ever come back, but I couldn't give mine away so it's going to remain in my collection unless... I change my mind __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

29 September 2010, 05:39 AM	#10
Chipmunk "TRF" Member Join Date: Feb 2010 Real Name: Alvin Location: So Cal Watch: ROLEXES Posts: 5,390	If that is fact........ then that's good news for me as a buyer. __________________ "A thing of beauty is a joy forever"............John Keats

29 September 2010, 05:29 AM	#6
rmfnla "TRF" Member Join Date: Dec 2006 Real Name: Richard Location: Los Angeles, CA Watch: TT DJ Posts: 4,456	Might be a function of price; there have been some pretty stiff increases over the last few years, especially in the sports watches.

29 September 2010, 05:38 AM	#8
Fiery "TRF" Member Join Date: Jul 2009 Location: Europe Watch: Sub-C 116610LN Posts: 2,649	Quite frankly, I expected this to happen. When on this forum a lot of posts were all about how the new SS Sub-C would be hard to buy for a year or so, and that 2nd-hand BNIB ones would be sold for a premium (= over MSRP) for several months, I had my doubts. Now it seems a lot of ADs currently have both the LN and LV versions on stock, and BNIB/LNIB ones are sold on forum sales corners for no more than MSRP. Maybe everyone waited for the new Sub-C, put their names on the waiting lists, but then noone actually bought it. Maybe most of those guys believed back in the spring that economy would quickly recover after the good news coming early this year. But it seems the world economy may just be on a small hill only, and the next big "valley" is still ahead...

29 September 2010, 06:46 AM	#14
sakuraba "TRF" Member Join Date: May 2009 Real Name: Jib Location: SJ, California Watch: sun dial Posts: 8,189	Might be due to seasonality. I'd be interested to hear from sellers compare sales vs same time last year. __________________ F 14000 AirKing black F 16710 GMT Pepsi F 16570 Explorer II white T 16600 SD D 16610 LV "fine quality is remembered long after the pain of spending money" -Steve Mulholland

29 September 2010, 07:05 AM	#18
gaopa "TRF" Member Join Date: Jul 2007 Location: .. Watch: Rolex Explorer II Posts: 1,820	This is an interesting thread. Lately I have been buying some less expensive micro watch company watches used on the forums as even those are not selling well. I can imagine that high line watches like Rolex are moving slowly. I wonder when things will turn around. Cheers, Bill P.

29 September 2010, 06:19 AM	#20
JEC Member Join Date: Feb 2010 Real Name: J. Location: Montreal Watch: Speedmaster Pro Posts: 232	Too bad the same isn't true for the vintage market. It's been steadily going up for the last year. I bought and sold a 5500 less than a year ago and now it's gotten out of my price range. I wanted a 1675 when they were around 3K, now it's hard to get a good one under 5. It's all ebays fault, I say.

29 September 2010, 06:47 AM	#22
esm "TRF" Member Join Date: Jul 2008 Real Name: Eric Location: Location,Location Watch: this, bro... Posts: 15,340	It's almost Christmas time... Wait till the tax return time comes around...

29 September 2010, 06:48 AM	#23
sandybax "TRF" Member Join Date: Sep 2010 Real Name: Tim Location: Florida Watch: No-date Sub Posts: 289	Economy is the factor. An expensive watch is not a necessity, so in hard or uncertain times people cut back on toys first. Same with bikes, classic cars, etc. Recession. On the flip side, if you have cash you order the music :)

29 September 2010, 06:52 AM	#24
chris russell Banned Join Date: Oct 2008 Location: Peterborough, ON Watch: your mouth. Posts: 1,023	I think Rolex needs to get its head outta its @$$ with these incessant price increases in the midst of a slow worldwide economy. 10 or 15% increases once or even twice a year is just stupid when inflation is close to zero. It means the watches are doubling in price in terms of actual buying power every few years. They shouldn't be shocked to find they are shrinking their market base.

29 September 2010, 06:55 AM	#29
Tijssan "TRF" Member Join Date: Aug 2010 Location: GMT+8 Watch: this... Posts: 770	If it follows typical retail sales trends now is a good time to buy. In the holiday season sales typically pick up. Having said that though, there is uncertainty about the 2010 holiday retail sales (as there is uncertainty with anything economic these days) and stocking trends are not matching previous years. I guess only time will tell...

29 September 2010, 06:55 AM	#30
G.D.BeanCounter Banned Join Date: Sep 2010 Location: USA Watch: Sky DayDate 2 Posts: 1,317	Greetings All. New to the forum, but have been observing and gaining insight in the background. Honored to be amongst a good group of people. I would have to say, I agree that the buyer's have the upper hand right now, and I certainly believe it has to do with the economy. Too bad I went crazy and blew my watch budget months ago. probably could have saved several hundred dollars on my purchases.

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