Huge % increase in 116500 availability on Chrono

[dommasters]

I have been following the 116500 availability on Chrono24. In the last six weeks the number is up by around 50%. Why might this be? As of tonight there are 554 available compared to 378 six weeks ago.

[boogiebot]

IMO it’s due to the pricing. I think people want to cash out where they can.


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[dommasters]

Originally Posted by boogiebot

IMO it’s due to the pricing. I think people want to cash out where they can.


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I guess it has to be either that or an increase in supply from Rolex (unlikely?).
Would be wonderful to see prices cool off a little.

[boogiebot]

Originally Posted by dommasters

I guess it has to be either that or an increase in supply from Rolex (unlikely?).
Would be wonderful to see prices cool off a little.

One can always hope. Pricing is bonkers for sure, but we all have something to do with it. We all add to the hype and the algorithm in google. We post pics and hash tags and write crazy posts all over the web. The whole thing is a weird self fulfilling prophecy


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[dommasters]

Originally Posted by boogiebot

One can always hope. Pricing is bonkers for sure, but we all have something to do with it. We all add to the hype and the algorithm in google. We post pics and hash tags and write crazy posts all over the web. The whole thing is a weird self fulfilling prophecy


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If you have ever tried to sell used on Chrono, their algorithm suggests a price which they really emphasise. Would be interesting to see how that changes compared to availability.

[boogiebot]

Originally Posted by dommasters

If you have ever tried to sell used on Chrono, their algorithm suggests a price which they really emphasise. Would be interesting to see how that changes compared to availability.

Never sold anything on chrono. The whole market of watches is interesting. I guess we will all see what happens in the months to come.


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[espanol]

Originally Posted by dommasters

I guess it has to be either that or an increase in supply from Rolex (unlikely?).
Would be wonderful to see prices cool off a little.

The two aren’t mutually exclusive. Probably a mix of both.

[ts3]

Originally Posted by boogiebot

IMO it’s due to the pricing. I think people want to cash out where they can.


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This.

Same with 5711. Listings nearly doubled within just a few weeks.

[boogiebot]

Originally Posted by ts3

This.

Same with 5711. Listings nearly doubled within just a few weeks.

Imagine how many people grabbed them at retail 10 plus years ago. Those people are laughing. What is pricing of a 5711a on the after market? Is it roughly 220ish USD? That’s almost 10 times retail 10 years ago. Even my house hasn’t doubled that much. I’d be happy to sell one I got at retail for ten times what I paid. If someone offered me 10 times what I paid for my subs, I’m out. No second guessing, a simple syanora Charlie.


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[travisb]

Originally Posted by boogiebot

IMO it’s due to the pricing. I think people want to cash out where they can.


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This would be my guess.

[franklee168]

133 available now in the USA
382 available now worldwide

[dommasters]

Originally Posted by franklee168

133 available now in the USA
382 available now worldwide

Total shown is 554 on website here in UK.

[LVx2]

Originally Posted by dommasters

Total shown is 554 on website here in UK.

You need to select the Filter tab and go to Condition & Delivery Contents.

That's how you select out for box and papers as well.

Available now shows who actually has a watch, the rest will simply contact someone else to get you one.

These extra people trying to cash in as middlemen account for increased overall listings.

The more middlemen = the more in demand a watch is.

[ArtNouveau]

Originally Posted by LVx2

Available now shows who actually has a watch, the rest will simply contact someone else to get you one.

These extra people trying to cash in as middlemen account for increased overall listings.

This is important. Chrono 24 is notorious for listings where they don’t even have the watch.
Another interesting aside. In New York’s Diamond District, if you walked into a grey dealer and asked for a white ceramic, if they didn’t have one they would get on the phone and have one within minutes.

[PeteNYC13]

Originally Posted by ArtNouveau

This is important. Chrono 24 is notorious for listings where they don’t even have the watch.
Another interesting aside. In New York’s Diamond District, if you walked into a grey dealer and asked for a white ceramic, if they didn’t have one they would get on the phone and have one within minutes.

__________________________________________________ ____________

Absolutely, but at what price over MSRP?

The "Wanted" Rolex models are not hard to find, they are impossible to find at an AD that you haven't spent $100,000.00 + with.

That's the problem and the frustration for many of us. I am happy that my little collection that I purchased for enjoyment is nearing the point of a retirement plan! but, I would really like to be able to hunt, shop and buy a Rolex without a mortgage plan! lol

[Nairn1980]

Originally Posted by dommasters

Total shown is 554 on website here in UK.

37 in the UK on Chrono24

[zengineer]

Originally Posted by franklee168

133 available now in the USA
382 available now worldwide

133 listings, some number less than that actual watches.

As others have stated, if a dealer knows he can get one from another dealer for $43k, they simply create a listing at $47k and hope. No different than the thousands of Ebay sellers who seek out things on sale at Amazon or Gilt or other places, list on Ebay for 20% more and hope to catch people who don't comparison shop. I have bought small $20-30 items on Ebay on a whim only to have them show up from Amazon. Some dude in his basement with a computer and a Prime account makes $3 x 100 times week makes beer & pizza money.

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[thenewrick]

These things are RARE $100k+ to the m00n. Rolex only makes 7 each year!

[dommasters]

Originally Posted by thenewrick

These things are RARE $100k+ to the m00n. Rolex only makes 7 each year!

Let's hope not

[fskywalker]

Originally Posted by thenewrick

These things are RARE $100k+ to the m00n. Rolex only makes 7 each year!

Fools and their money


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[fskywalker]

Originally Posted by thenewrick

These things are RARE $100k+ to the m00n. Rolex only makes 7 each year!

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[stewester]

I've noticed this every time there is a significant grey market price bump. People who bought in low look to cash out at the new price, very similar to what you see with stocks. Eventually the inventory will be bought up and a new price will be set in short order. Rinse and repeat.

[dommasters]

Originally Posted by stewester

I've noticed this every time there is a significant grey market price bump. People who bought in low look to cash out at the new price, very similar to what you see with stocks. Eventually the inventory will be bought up and a new price will be set in short order. Rinse and repeat.

Thanks for the insight. I think you must be right.

[enjoythemusic]

My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl whose AD said
the ceramic Daytona is being discontinued..

I guess it's pretty serious.

[garyk]

Originally Posted by enjoythemusic

My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl whose AD said
the ceramic Daytona is being discontinued..

I guess it's pretty serious.

Hahaha

[Starhutch]

Originally Posted by garyk

Hahaha

Gary, think it’s time to que the panda on this thread if you know what I mean

[garyk]

Originally Posted by Starhutch

Gary, think it’s time to que the panda on this thread if you know what I mean

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[Mystro]

Originally Posted by enjoythemusic

My best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl whose AD said
the ceramic Daytona is being discontinued..

I guess it's pretty serious.

No that was Mrs Potato head and my dealer said so. If that happens the grey market will dump Mr Clean and Mrs Butterworth in a fire sale leaving Dr Pepper and Mr PiBB to battle it out.

[1665fan]

I know the amount for sale of 16520 and 116520 are going down………..people are snatching them up

[edisonstar23]

A lot of people are probably extremely tempted to cash out assuming we are at the top! But history will tell us and has shown everyone that cashed out when they were in the 20s 30s 40s- you can’t time the market!


I really hope we are at the top and pricing can finally begin to slow down and even fall a bit.


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