Now I’m convinced the prices are just nuts!

[Cabaiguan]

“Now” you’re convinced? Lol.

[AJMarcus]

Originally Posted by kieselguhr

You can either pay with time, or you can pay with cash. Whichever option makes the most sense to you

And you have a third option which is to explore other brands. There are lots of great brands with great pieces to sell with no waiting list. You can actually try them on before buying. The way Rolex used to be in the good old days. That’s what I’m doing.

[AJMarcus]

Originally Posted by padi56

Exactly thats because mainly today many buy Rolex watches because they are hyped on the likes of so called social media. As today Rolex are no longer watches now little more than £$$$$££££ object things. And while there is constant advertising these facts on internet watch forums, these crazy prices will continue. Thus excluding the many true Rolex owners who cannot get there watches from ADs at retail prices because Rolex now are just £££$$$$$$ objects.

Spot on Padi. Rolex watches have become a status symbol for the young and wealthy. And that’s who mostly pay these crazy Gray dealer prices.

[Madman37]

The one that shocks me the most is the so called Tiffany dial. I cannot understand how that price has gone so insane. If it was an actual Tiffany dial I would understand.

[Bigmozza]

Might be just me but I don’t see what all the fuss is about, the turquoise dial is the best of the bunch but I’m just not impressed by them sorry guys.

[VogelPhoenix]

Originally Posted by enjoythemusic

Smart people use today's cash / currency to get things of intrinsic value.

Like Bitcoin and GME

[Marcjvr]

Someone is buying them at that price

[brandrea]

Not worth that kind of money to me, but to each their own I guess

[Marcjvr]

We’re past the point where prices are even remotely rational. Feels like a bubble to me.

[Leicaman]

Let the fools pay grey prices. Doesn’t bother me in the slightest. I find it rather amusing

[Etschell]

Originally Posted by brandrea

Not worth that kind of money to me, but to each their own I guess

What's funny is rolex saw how much that one company was selling, put the kibosh on it and then made these models.

[georgekart]

I'm curious to see what will happen a year or two down the line with those prices. I can't see an OP being worth this much. When Daytona is 2x retail I don't think it is worth it but I can see how enough people would see it is worth that in order for enough of those watches to sell at those prices to the point where there are no more watches left. Or BLRO even. But this is an entry model that costs close to half that with a different dial color. I am actually curious whether you can swap the dials on OP41 if you send it in for servicing. Because if so this will lower prices significantly (or raise prices for less coveted dial variations).

[EEpro]

Originally Posted by Marcjvr

Someone is buying them at that price

Haha I sent that same screenshot to my wife last night. Can't believe it. 2 months ago he had to reduce the price below $12K to get one sold.

It's a $6000 watch all day long and while that color is pretty cool in real life the legibility suffers at most glancing angles.

[afjag256]

Is it just me or do these OP watches with crazy colored dials appeal mainly to the sneakerhead crowd?

[Patton250]

Originally Posted by AJMarcus

Spot on Padi. Rolex watches have become a status symbol for the young and wealthy. And that’s who mostly pay these crazy Gray dealer prices.

How on earth is more people coming into Rolex affordability income in the last three years being a “status symbol for the young and wealthy”???? The demand on luxury items including Rolex, luxury cars, bigger homes, RVs etc. is nothing more than the result of an incredibly awesome economy. This is not that difficult to understand. The economy was not awesome in 2015 and therefore there were plenty a Rolex on the shelves for “enthusiasts” to buy. I imagine you’re going to see some things happen in the economy that are happening now and will increase in the coming months that will put a strain on it and reduce individual wealth. That should help you get whatever watch you want as more people fall from Rolex affordability income.

Grey dealers are doing nothing more than reacting to the economical circumstances surrounding them. If you recall in 2015 most of these watches could be bought from them at a discount. This will happen again when the economy recedes significantly in the not too distant future. Greys will purchase Rolex at a significant discount from AD’s and pass on this discount to us the end consumer. Just like they did in 2015 and prior years. Greys are not the enemy.

Now as far as people only seeing Rolex as $$$$$ does this not happen in every aspect of an economy? If an entrepreneur sees a way to make money from some thing they are going to pursue it. It’s called capitalism. It’s no different than you buying Apple stock hoping it will make you more money. Or you selling your house for more than what you paid for it. It’s not the grey dealer or flippers fault some dude is willing to pay 28K for a 14K Daytona or even worse 70K for a 30K 5711. Why wouldn’t they do that???????

[1665fan]

People have more money than sense right now

[Cryten]

Originally Posted by 1665fan

People have more money than sense right now

Instagram trustfunders. No one who actually earned the money would spend 12+k on a 5k watch.

I know several of these kids. Money has no value because they've never earned any

[fgress3969]

Originally Posted by Leicaman

Let the fools pay grey prices. Doesn’t bother me in the slightest. I find it rather amusing

Absolutely

[Polarexplorerii]

Originally Posted by kieselguhr

You can either pay with time, or you can pay with cash. Whichever option makes the most sense to you

I choose time

[Mystro]

Wouldn’t it be refreshing if the brand Rolex could be about the watches and NOT have to include ‘resale value” or ‘hard to get”?? The Rolex owner seems not ever be able to speak about the watch alone with out somehow working in “money”or “resale value”. It’s now a pathological crutch of the Rolex owner.

[Seddyspaghetti]

Good for him. I’d want to get as much for the watch as well if i was selling.

[Robert Bruce]

Folks, never, ever pay grey market prices for a Rolex. It just supports an industry that victimizes and profiteers. To me, it's borderline criminality. It's like scalpers who find a way to purloin opportunities to buy something desirable and then resell it at robbery prices. They should all burn in hell. I've never sold a watch for more than I paid for it. If I did, I'd just be part of the problem.

[jcarm981]

These threads are exhausting

[Token74]

Originally Posted by jcarm981

These threads are exhausting

So true


Sent from my iPhone using Tapatalk

[garyk]

I like how people put themselves out there with specific predictions about prices falling, bubbles bursting, etc. Obviously not economic majors or watch industry professionals. Quit predicting, wear and enjoy.

[BillA]

In the past I have been one of the people saying that the prices of these watches will fall.
I have been wrong each time.
With the US in the pandemic economy right now, and these prices insane, I am having trouble seeing prices fall when the economy gets better.

The grey dealers make money on margin, plain and simple. So if a watch sells for $30K and they buy for $27K, they make $3K, if prices fall and lets say the watch is now selling for $26K, well they buy at $23K and still make $3K. Lower prices are not going to put the greys out of business. Seems they are here to stay.

[Tavli3]

Its the mark of the Bubble. A while back there was a debate going on if we were in a bubble when BLNR BLNO & 16500 prices were exploding higher. I stated my definition of a bubble is when all species of an asset class go parabolic not just a certain few. The tech bubble of 2000 was a bubble cause every tom dick harry cat and dog tech stock went thru the roof. So I said look for when DJs, OPs, Milguass and other slow models go on allocation and sell over list.

We are now there. Even the rose gold 37mm Yachtmaster is selling over list. This is the one watch that I see in my ADs case just sitting there unloved for a year now but yet it's going for over list on the gray market. Many things make no sense.

Not sure how we can categorize this as a great economy when there's over 10m people unemployed, millions of people surviving only because of food banks, rent and mortgage moratoriums and generous stimulus money. It's a great economy for luxury good makers and buyers but for most its not so good. We are very far removed from the norm and one thing for certain, things always revert back toward the norm just a matter of when. In the meantime good luck buying a luxury house, boats, Ferrari, PP, AP RM or Rolex watches etc.

[garyk]

Originally Posted by BillA

In the past I have been one of the people saying that the prices of these watches will fall.
I have been wrong each time.
With the US in the pandemic economy right now, and these prices insane, I am having trouble seeing prices fall when the economy gets better.

The grey dealers make money on margin, plain and simple. So if a watch sells for $30K and they buy for $27K, they make $3K, if prices fall and lets say the watch is now selling for $26K, well they buy at $23K and still make $3K. Lower prices are not going to put the greys out of business. Seems they are here to stay.

It’s ok to have an opinion right or wrong, for me it’s maybe about venting a little. I am next in line for a green dial Daytona. If it never arrived, I simply can’t really accept paying $20k more for one from a grey as it’s just getting too rich at that price point. However, I’m not against the whole strange grey market system. I try not to worry about things beyond my control...

[SLS]

I know several people that make so much money, they just don’t care. Not my style, but when you have a life is too short type of attitude you can’t blame the grays for profiting. Just remember, gray dealer originally started because they were helping move excess inventory for AD’s.

[Mystro]

The real question is how long will the popularity of the Rolex design and brand be to the non enthusiast? I understand the new discovery buzz of the Rolex watch to the younger money that gets them to drop some stupid money to be in the in current trend but they generally don’t have enough attention span for any long term commitment.