Prices not dropping?

[Athas]

I havent seen any evidence of a significant price drop

[Solo118]

Originally Posted by Athas

I havent seen any evidence of a significant price drop

Depends what you consider significant. Prices are down on certain "hype" models, that is for sure.

[Jmbarrack]

Originally Posted by Solo118

Depends what you consider significant. Prices are down on certain "hype" models, that is for sure.

I agree. Prices are softening on the hype models and I am seeing them come down. While not a lot, enough to notice.

But what I find a little more telling is that inventory is stagnant. I see the same piece, from the same dealer, being "bumped" over and over again on watch recon. A few months ago, these pieces would sell relatively quickly. They also try increasing the price to make it look like demand is suddenly up. But these pieces are just sitting.

I think right now for buyers patience is key. Just my two cents.

[sudo_root]

Originally Posted by Athas

I havent seen any evidence of a significant price drop

Try and sell your watch to any grey right now, enjoy learning what the true value is...

[David001]

Come on guys, we're literally only a few weeks into a price fall, the rise didn't happen overnight and the fall won't either, it's going to take most of this year for the new watch buyers and investors to realise that the bottom has fallen out of it, then we'll probably see a downwards curve as steep as the upwards one that happened in 2020.

Looking at prices every day or AD shop windows and expecting a light switch change isn't realistic.

[HelloMelo]

Prices are falling pretty fast. This is todays post




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[Goupax]

Originally Posted by HelloMelo

Prices are falling pretty fast. This is todays post

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I saw a ton of those for sale on various sales groups, the GMT Master II, and especially the Batman, got to be the most flipped Rolex on the grey market right now. BLROs are much harder to get so it's not really surprising that the professional flippers have targeted the Batman to make their quick and high volume profit.

[ThatOtherGuy7]

Originally Posted by HelloMelo

Prices are falling pretty fast. This is todays post




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What does “naked” mean? No papers?

[EEpro]

Originally Posted by ThatOtherGuy7

What does “naked” mean? No papers?

Yes. And that's not a terrible price for the older GMT with no papers on MODA where prices HAVE to be far below retail or your listing will get removed.

[HelloMelo]

Originally Posted by EEpro

Yes. And that's not a terrible price for the older GMT with no papers on MODA where prices HAVE to be far below retail or your listing will get removed.

Far below retail? Do you mean far below current market value?


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[lear60man]

Originally Posted by HelloMelo

Far below retail? Do you mean far below current market value?


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As in their rules.....It has to be 'well below what can be casually found online.' Some used car salesman last week tried to sell a naked, scratched to hell 116618LB for $46k. Listing removed. Came back the next day and tried again for $43K. He gone now.

What is well below? $50, $500, $1000k? Its not defined, but after a few days of looking at listings, you can spot the retail watches.

[mountainjogger]

Originally Posted by HelloMelo

Far below retail? Do you mean far below current market value?


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[Goin2drt]

Originally Posted by HelloMelo

Prices are falling pretty fast. This is todays post




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So these types of listings is what we are basing the "sky is falling prices" on? A BLNR with partial stickers on it but zero papers. So now we are basing our pricing OPINIONS on a suspected, probably stolen watch. Got it.

[rolexpatek363]

Originally Posted by Goin2drt

So these types of listings is what we are basing the "sky is falling prices" on? A BLNR with partial stickers on it but zero papers. So now we are basing our pricing OPINIONS on a suspected, probably stolen watch. Got it.

This, or even an outright "superfake". MODA strikes me as an incredibly risky place to spend many thousands on a watch. If the deal's too good to be true, i.e. completely out of step with TS & C24, then there is something whiffy about it, IMO.

[HelloMelo]

Originally Posted by rolexpatek363

This, or even an outright "superfake". MODA strikes me as an incredibly risky place to spend many thousands on a watch. If the deal's too good to be true, i.e. completely out of step with TS & C24, then there is something whiffy about it, IMO.

Aren't a lot of the bigger Grey names part of the group as well? I've been in it for a few months and it looks like wholesale and grey's trading between themselves.

Haven't seen anything shady as of yet.

[rolexpatek363]

Originally Posted by HelloMelo

Aren't a lot of the bigger Grey names part of the group as well? I've been in it for a few months and it looks like wholesale and grey's trading between themselves.

Haven't seen anything shady as of yet.

On the internet, you can be anyone you like. rolexpatek363 isn't on my birth cert.

[Goin2drt]

Originally Posted by HelloMelo

Aren't a lot of the bigger Grey names part of the group as well? I've been in it for a few months and it looks like wholesale and grey's trading between themselves.

Haven't seen anything shady as of yet.

So the BLNR posted that has stickers yet has zero papers isn’t shady to you? So someone that is that careful owning a Rolex to not take off all the stickers doesn’t keep ANY papers. Even a watch bought from Jomashop has all papers minus the warranty card. That isn’t shady then I don’t know what is. I see plenty posting all these “hot” deals but they are so hot that none of the posters are grabbing them up.

Even during the crazy good times you could always find a few for sale links that would have shown prices dropping.

[whiskyrolex]

Originally Posted by HelloMelo

Aren't a lot of the bigger Grey names part of the group as well? I've been in it for a few months and it looks like wholesale and grey's trading between themselves.

Haven't seen anything shady as of yet.

The hypocrisy is quite amusing. MODA is super sketchy, but all the "trusted sellers" who source watches off MODA and resell them are good as gold. Waiting for the next comment that will claim DavidSW gets all his watches straight from the AD...

[jfmiii]

Originally Posted by rolexpatek363

This, or even an outright "superfake". MODA strikes me as an incredibly risky place to spend many thousands on a watch. If the deal's too good to be true, i.e. completely out of step with TS & C24, then there is something whiffy about it, IMO.

Please. The BLNR is being sold by a seller who appears to have sold dozens of watches since joining Moda a year and half ago. There have been numerous reference checks on him over that time. It seems he is also ok with transacting in person in San Francisco based on comments in his past listings. If someone is buying a $15k+ watch, they surely can afford a $400 plane ticket to SF to meet at an AD if that makes them feel better.

[whiskyrolex]

Originally Posted by jfmiii

Please. The BLNR is being sold by a seller who appears to have sold dozens of watches since joining Moda a year and half ago. There have been numerous reference checks on him over that time. It seems he is also ok with transacting in person in San Francisco based on comments in his past listings. If someone is buying a $15k+ watch, they surely can afford a $400 plane ticket to SF to meet at an AD if that makes them feel better.

Moda price is too low, must be a SuPeRfAkE!

[Geckobros]

Originally Posted by jfmiii

If someone is buying a $15k+ watch, they surely can afford a $400 plane ticket to SF to meet at an AD if that makes them feel better.

You pretty much nailed it. If a seller (even the "trusted" seller -- Horology House anyone?) is unwilling to authenticate the watch, pass. But if we are spending this kind of money they should be willing to authenticate, otherwise look elsewhere.

[bob sims]

Originally Posted by rolexpatek363

This, or even an outright "superfake". MODA strikes me as an incredibly risky place to spend many thousands on a watch. If the deal's too good to be true, i.e. completely out of step with TS & C24, then there is something whiffy about it, IMO.

[jb335]

Originally Posted by Goin2drt

So these types of listings is what we are basing the "sky is falling prices" on? A BLNR with partial stickers on it but zero papers. So now we are basing our pricing OPINIONS on a suspected, probably stolen watch. Got it.

I agree with your point.

I can’t recall ever seeing a Rolex listed with original stickers but without papers. It’s a duck.

I also agree with the other person saying Moda is essentially wholesale prices on the low end. Not saying it’s not a legitimate place to buy but it’s the polar opposite of C24.

If C24 pricing is largely ignored because it’s unrealistically inflated, I feel Moda is similar but on the opposite end of the pricing spectrum. Can’t use either source alone to gauge market pricing.


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[amh]

Originally Posted by jb335

I agree with your point.

I can’t recall ever seeing a Rolex listed with original stickers but without papers. It’s a duck.

I also agree with the other person saying Moda is essentially wholesale prices on the low end. Not saying it’s not a legitimate place to buy but it’s the polar opposite of C24.

If C24 pricing is largely ignored because it’s unrealistically inflated, I feel Moda is similar but on the opposite end of the pricing spectrum. Can’t use either source alone to gauge market pricing.


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I think Chrono24 just has a certain reputation but it's not really deserved if you look at the prices. I've been tracking BLNR for a long time and if you search on C24 the low end lines up pretty much the same as private sales here on TRF or the low end of popular smaller grey dealers. DavidSW on the other hand aligns with the high end of C24. I find C24 to be an excellent barometer of rolex pricing.

And as with all other sellers, one must either send an offer or request the seller's lowest price.

Moda may indeed be the best place to find lowest prices but getting on there isn't trivial. I've waited a week now without a response (but their crappy little cell phone SPAM list sure worked from day1 )

[whiskyrolex]

Originally Posted by amh

Moda may indeed be the best place to find lowest prices but getting on there isn't trivial. I've waited a week now without a response (but their crappy little cell phone SPAM list sure worked from day1 )

That's funny because I know quite a few people who were accepted in the past week in a matter of minutes/hours. Maybe your FB profile makes you look like a narc.

[lear60man]

Originally Posted by amh

I think Chrono24 just has a certain reputation but it's not really deserved if you look at the prices. I've been tracking BLNR for a long time and if you search on C24 the low end lines up pretty much the same as private sales here on TRF or the low end of popular smaller grey dealers. DavidSW on the other hand aligns with the high end of C24. I find C24 to be an excellent barometer of rolex pricing.

And as with all other sellers, one must either send an offer or request the seller's lowest price.

Moda may indeed be the best place to find lowest prices but getting on there isn't trivial. I've waited a week now without a response (but their crappy little cell phone SPAM list sure worked from day1 )

I got accepted in 48 hours. I was upfront with their acceptance questions etc. MODA is no different than Ebay, C24 in the scammy department except, member interaction is high. If a deal is bogus, you have people calling it out in real time and it gets pulled/banned. Same thing if a watch is priced at retail.

[Goupax]

There are good buying opportunities right now on those facebook groups for watches sold on auction, the final prices are significantly lower than for sale only posts, especially on PM sports Rolex. Ladies and gentlemen, this is what a fire sale looks like.

[HelloMelo]

Originally Posted by Goupax

There are good buying opportunities right now on those facebook groups for watches sold on auction, the final prices are significantly lower than for sale only posts, especially on PM sports Rolex. Ladies and gentlemen, this is what a fire sale looks like.

But who’s going to risk catching a falling knife?


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[LJubel328]

Originally Posted by Goupax

There are good buying opportunities right now on those facebook groups for watches sold on auction, the final prices are significantly lower than for sale only posts, especially on PM sports Rolex. Ladies and gentlemen, this is what a fire sale looks like.

Indeed. I saw an 116506 diamond baguette version sell for 135-150 if I recall correctly. I was shocked considering the prices listed on grey sites.


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[GB-man]

That’s just advertising. What they mean is don’t post it at nonsense chrono24 or eBay prices which everyone with half a brain knows is la la land I’ll source it for that prices.

Also those auctions gimme a break. They just have their bros put bids in if they don’t like the price. It’s not Phillips with a 26% buyers commission.