Prices not dropping?

[rolexpatek363]

Originally Posted by Webster2281

wouldnt periodically checking DavidSW's offerings give one a good idea about the direction of prices and the market?

Of course it would.

[rolexpatek363]

Originally Posted by minute_man

Only 1 photo and not of a 126610. Just saying...

Also papers, but no box. Caveat emptor, as ever.

[1665fan]

126610lv just sold for 23k on the forum….

[rolexpatek363]

Originally Posted by Tavli3

The unloading has started. Ceramic Daytonas for sale on C24 increases everyday. Few months ago numbers were in the low 500s now approaching 900!

C24 data is inadmissable, because it's all fake listings, or so I'm told.

[Tavli3]

Originally Posted by Chester01

Wow. I wonder if that’s also the case with subs/gmt


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Haven’t checked but would guess yes


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[watchmework]

Originally Posted by 1665fan

126610lv just sold for 23k on the forum….

If you’re thinking of the same listing that’s how much it was originally listed for but it sold for 20.8k or at least that’s what the post says…who knows what the final price was.

[Tavli3]

Originally Posted by rolexpatek363

C24 data is inadmissable, because it's all fake listings, or so I'm told.

Well when I first started purchasing watches from them in 18 I did experience some of that. But in the past year I haven’t and the few vintage watches I sold on C24 they’ve required two pictures of the watch set at two different times that they choose and at every renewal interval you have to send in new pictures of the watch set at their required times.


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[kirth]

Originally Posted by rolexpatek363

C24 data is inadmissable, because it's all fake listings, or so I'm told.

Many of the listings on C24 only reflect a dealer’s willingness to source the model to facilitate a transaction. As a result, the number of listings likely exceeds the inventory.

[waterking]

Originally Posted by kirth

Many of the listings on C24 only reflect a dealer’s willingness to source the model to facilitate a transaction. As a result, the number of listings likely exceeds the inventory.

This.

[Mystro]

Originally Posted by Tavli3

Well when I first started purchasing watches from them in 18 I did experience some of that. But in the past year I haven’t and the few vintage watches I sold on C24 they’ve required two pictures of the watch set at two different times that they choose and at every renewal interval you have to send in new pictures of the watch set at their required times.


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I purchased 2 watches (non Rolex) on Chrono24 and the experience was positive and the prices were excellent. Both different transactions were from very established brick/mortar jewelry stores. I haggled a little to get a feel for where their prices were and got a bit of a discount but nothing that great as the prices were already on the low side of everyone else.

[rolexpatek363]

Originally Posted by Tavli3

Well when I first started purchasing watches from them in 18 I did experience some of that. But in the past year I haven’t and the few vintage watches I sold on C24 they’ve required two pictures of the watch set at two different times that they choose and at every renewal interval you have to send in new pictures of the watch set at their required times.

Useful info, thanks. I bought an old IWC Mk XII from C24 (brick & mortar dealer in NL) in 2019, but never sold anything there.

[francoamerican]

Tier 1A seller who lists at prices that seems to often fall in right in line where private sellers on TRF are at after a bump or two and is not as reliant on new model flipping

https://tropicalwatch.com/watches/ju4h

https://tropicalwatch.com/watches/p0td

[SubMillennial]

Originally Posted by Goin2drt

No apparently even though he is one of the largest grays out there his pricing is artificial. Just go back several pages. You are supposed to ignore all his prices and transactions.

I'm sure you should have no problem unloading watches to him at their previous prices, then

[eijiboy]

Originally Posted by francoamerican

Tier 1A seller who lists at prices that seems to often fall in right in line where private sellers on TRF are at after a bump or two and is not as reliant on new model flipping

https://tropicalwatch.com/watches/ju4h

https://tropicalwatch.com/watches/p0td

You bought from this seller? his price is very competitive. Nice.
Nevermind hes Jacek. he si well known here.

[francoamerican]

Originally Posted by eijiboy

You bought from this seller? his price is very competitive. Nice.
Nevermind hes Jacek. he si well known here.

yeah he always seemed to be good at just asking a reasonable price out of the gate and he seems to turnover inventory well. I also like that he doesn't polish by default - David SW polishes everything to look great, but i'd rather spread polishing out over 15 year cycles

[samuel019]

Originally Posted by eijiboy

You bought from this seller? his price is very competitive. Nice.
Nevermind hes Jacek. he si well known here.

Wait a minute. You're telling me theres a "Daytona drops below 40K" thread coming?

[JadeRaven]

Originally Posted by Chester01

There is a big incentive to freeze and not panic. I mean they are holding huge inventory and lots of $$ at steak and can present an existential threat if things really get bad (ie 2008 bad). They will continue to stay the course while the market continues its decline in the background. Once they start dropping, it will be a domino effect, and the concern being lots of folks (not grays) that bought for investment also begin to unload as they are likely dumping stock, it can saturate the market. So there is big, big incentive to pretend all is well. At some point people will check their portfolio values and the game will be up.


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It's funny to see the watch youtubers. The only channels talking about the drop / the crash are the ones that don't have inventory.

All of the heavy rolex/patek/ap dealer channels are acting like it's business as usual.

I watched a nico leonard video this morning and the poor guy looks visibly very stressed but no mention of the current market.

[Slambonie]

Originally Posted by JadeRaven

It's funny to see the watch youtubers. The only channels talking about the drop / the crash are the ones that don't have inventory.

All of the heavy rolex/patek/ap dealer channels are acting like it's business as usual.

I watched a nico leonard video this morning and the poor guy looks visibly very stressed but no mention of the current market.

is that the really loud obnoxious guy? I like watch eric

[eijiboy]

Originally Posted by samuel019

Wait a minute. You're telling me theres a "Daytona drops below 40K" thread coming?

You dont even have to hold your breath lol. Its imminent. 50k panda thread got shutdown and now phase 2 is coming lolz


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[Chiboy]

Originally Posted by Slambonie

is that the really loud obnoxious guy? I like watch eric

I watched him a couple of times, but hadn't for a long time. Someone here thought his latest video was pretty insightful, so I watched it. He basically said, "Prices could go lower. They could go higher." I don't personally need to spend time watching videos was that kind of insight.

Perhaps some of his others are better. He used to say every watch was a heavy hitter, blah blah blah.

[Biogentic85]

Originally Posted by samuel019

Wait a minute. You're telling me theres a "Daytona drops below 40K" thread coming?

don't know about the US but in Singapore, the grey or private seller is already selling Daytona Panda/Godzilla below USD40K. sgd to usd 1.4
Oct18 Panda SGD 51,800.00
BNIB Godzilla SGD 45,800.00

sorry not able to post link due to limited post count

[Champagnepapi]

I wonder if this will affect the market




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[rolexpatek363]

Originally Posted by Champagnepapi

I wonder if this will affect the market

I've never seen anything like this before on TRF.

Some people on this forum seem to think it's great news that some other people are losing large amounts of money, because it means the forumites here might be able to buy cheaper jewellery for themselves in the future. They are actively hoping for a big recession in at least one post I saw on the PP subforum.

What hope is there for humanity?

[waterking]

Haters gonna hate.

[Adam84]

Originally Posted by rolexpatek363

I've never seen anything like this before on TRF.

Some people on this forum seem to think it's great news that some other people are losing large amounts of money, because it means the forumites here might be able to buy cheaper jewellery for themselves in the future. They are actively hoping for a big recession in at least one post I saw on the PP subforum.

What hope is there for humanity?

While I think it’s distasteful to wish ill on anyone….especially when people COULD lose their entire life savings or homes over this, I can understand some peoples ‘satisfaction’ about the situation, given that possibly the same people now losing big time have driven prices sky high so that the normal watch enthusiast can’t compete…

It was the same in the last financial crisis in the U.K. when landlords who owned multiple properties lost big time…..the same people ramping up house prices so people couldn’t even get one.

[Frog7151]

Originally Posted by minute_man

Only 1 photo and not of a 126610. Just saying...

Great catch. The listing seems sketchy.

[bob sims]

Originally Posted by Nico81

Dont look at listing prices.

Try selling same watches to your trusted seller/dealer

For example… one Ts has 116515 daytona for $75k ( peak market price(, i offered same watch but 2 months old to him for $50k
It was “pass” reply


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That's pretty telling,

[Shola]

Originally Posted by Webster2281

wouldnt periodically checking DavidSW's offerings give one a good idea about the direction of prices and the market?

Yes, I noticed that he dropped the price of Yellow Gold Daydate with baguettes by $9k. Not bad.

[Foxiness]

Originally Posted by bob sims

That's pretty telling,

Yup they had a hard pass on a Rolex I tried to sell also. They are probably holding a lot of inventory and trying to de risk

[Champagnepapi]

Originally Posted by rolexpatek363

I've never seen anything like this before on TRF.

Some people on this forum seem to think it's great news that some other people are losing large amounts of money, because it means the forumites here might be able to buy cheaper jewellery for themselves in the future. They are actively hoping for a big recession in at least one post I saw on the PP subforum.

What hope is there for humanity?

How did you conclude that? Because 2 emojis? Just because I find it amusing that this scam named crypto has taken a dip and that there is a correction in the watch market (which was getting out of control) doesn’t mean Anything of what you said. People make choices and if you don’t understand shit in crypto and buy it or decide to pay X5 over retail for a watch because it’s an “investment” or out of FOMO then you also gotta calculate the risks. If you’re dumb enough to gamble all your savings on something like crypto, then don’t go crying to the newspaper when it crashes. I am doing fine and I buy whatever I want or need for retail or I don’t buy it at all. My choice. So don’t worry about me.

You’re making a lot of assumptions for a dude on TRF. Chill, breath and sit down. You don’t know me so please don’t put words in my mouth. have a good day


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