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View Poll Results: Daytona white dial new for 5000$ above msrp would you buy it
Yes 133 63.94%
No 75 36.06%
Voters: 208. You may not vote on this poll

 
 
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Old 17 June 2022, 09:33 AM   #31
malba2366
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Join Date: Dec 2021
Location: NY
Posts: 313
Quote:
Originally Posted by Ensign View Post
No, I think in a year or two they will be at retail…or less.

Rolex is a toxic investment. Flippers and investors can no longer make money on watches. The greys are going to be out of business and have to dump their hoarded stock. And Rolex will keep churning them out.

Inflated prices have always been based on investors passing around watches among themselves and jacking up prices. Their economic model has hit the wall. They are classic bag holders.

And hype beasts, are they going to want to wear a toxic investment they paid 2-3X msrp? Imagine being the guy who paid $50k for a panda; how will he feel knowing Pandas go for $35k today, maybe $25k in a few months, and even 15k or less in a year or two. That’s like meeting someone still hoarding hand sanitizer and covid masks.

All those hoarded/investment watches will be hitting the market soon. It will start as a trickle, then as a liquidation. The only buyers will be die hard watch enthusiasts; the crowd that was here 10-15 years ago. And they are discount shoppers.

Pretty much every other reference...yes. Daytonas....no.
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