Is $20,000 The New Price For Rolex SS

[breitlings]

Originally Posted by dmash

Or more people are living under a bubble of debt to try and maintain/showcase these lifestyles? On IG and Facebook you’d think ‘baller’ with a lot of guys, but the reality is that they are living paycheck to paycheck in a rented apartment with absolutely nothing in the bank and CC bills to boot. It’s just the reality of today. It’s funny that not a lot of people are not actually even wealthy, they just give the illusion they are. And I don’t say this as being some super wealthy guy myself, as I’m not, it’s just something I’ve noticed with other friends my age (and especially younger).

It’s crazy to have friends with $70,000 cars, LV purses, etc, etc, etc.....and I could mention going on a nice weekend trip to them.....and they’d answer that they can’t, not because of time or lack of interest, but literally because they cannot afford it. That’s so incredibly peculiar to live this way (IMO). A lot of guys 40+ will think it’s a huge exception, as they can’t fathom living in this manner, but I can say with absolutely certainty there are a TON of people my age and younger who are living this way.

in all fairness trips can add up. my hs fwb maybe gf her parents were both doctors did very well and spent almost all their money on trips. modest but nice house and cars.

[enjoythemusic]

Originally Posted by lecorsaire

The market is in a bubble right now. So yes $20k is the de facto average price for the most desirable SS models: Daytona, Skydweller and the new Pepsi. In the long run this will prove to not be sustainable whether it’s due to a bull market, SS falling out of favor or people getting tired of Rolex.

Unfortunately Rolex hype is at an all time high. If you look a hip hop which plays a big role in trends you’ll notice that you’ll hear Rollie on almost every track. AP was the hot thing for a while, Franck Muller as well. I think that crowd got tired of Rolex in the ‘90s but there’s a whole new generation of young artists who are discovering Rolex.

While Rolex has cut back on production, the real problem is the resellers. There are more than ever before. Typically people sold watches if they got tired of them or were in a financial jam. A large percentage of buyers are buying with the sole intent of flipping them immediately after taking wrist shots for IG. As long as desperate people keep paying these outrageous premiums the price will continue to rise. Most who do pay the premium are doing so for bragging rights and to many getting to show off is worth any price. Just my two cents.

Great post, thanks. I remember the whole Frank fad, and now rappers are Patek'ing too. Some of us simply love watches so yes, the largest bubble I've seen in decades is right now. Looking fwd to the next big collapse, if that's ever allowed again by money lenders.

[hunthearin]

Originally Posted by douglasf13

This may not end well for Rolex one day. Current buyers think back fondly to adventurers and “cool” guys wearing these tough little tools. The kids of today are going to look back at these watches as the status symbols of middle aged dads and/or wealthy guys. As I’ve said before, think Harley Davidson.

I don't think I've read anything else on the forum that resonated with mequite like this. Great point.

[superstarmar]

No it’s snot!!!

[RaceDoc11]

Exactly! NOTHING in life worth a premium.

Originally Posted by Hard_Six

I'm certainly not a buyer of a SS Rolex at that price.

[jezza17]

I can’t understand the market and people who are happy to drop $20k on a ss model. Good luck to all concerned, but wouldn’t you just add a few more k and get pm?