The Rolex Price Inflation... One Market Explanation

[subdownunder]

I think we all agree that Rolex price growth are beginning to look like the Tulip Bulb Boom.
Now, even undesirable models of the past are inflating.

We discuss many possible reasons for this, but given that the secondary market is relatively small (relative to other markets) and there are only a few bigger players in the grey market maybe a classic market manipulation can take place.

Lets take the example of the OP turquoise (or any sports Rolex)... a relatively undesirable model until now.

A few factors do work in the OP's favour making it the ideal watch for this Market manipulation.
1. Its a Rolex

2. Its not too common

3. It has somehow been associated with Tiffanys (and by default subconsciously with the PP Nautilus)

4. Dealers were able to buy stock at a relatively inexpensive price.

Now here's the how to manipulate the market.......

1. Say a few dealers own a examples of this model maybe at a book value of $10k and given there is only a relative few examples of this watch they want to inflate the price by causing hysteria and hype in the market.

2. They list them for $15K then slowly remove the listings one by one giving the impression they sold.

3. They slowly re-list the same watches at $20K and again slowly withdraw them.

4. They then re-list these at $30K then $35K then $40k slowly withdrawing them each time.
,
5. Suddenly the $30K watch look really inexpensive and to the punter, there appears a big profit is to be made and a fear of missing out ensues.

6. The dealers, through forums and You Tube channels etc. encourage their influencers to break the exciting news about the desirability, rarity and spectacular price increases.

7. Dealers cash out with huge profits.

8. The naive are left holding an overpriced watch.

A TULIP BULB MANIA.

Is this Fantasy or Reality?

Frankly, given what I know about markets after 45 years I cannot rule it out.

Your thoughts.....