Is $20,000 The New Price For Rolex SS

[Steerpike999]

Someone with too much money born everyday.

[Rolly.BT]

How much were SS Rolex going out for years back?
With economics and demand, I think it's fair to say that the current trend will eventually see prices head that way. Good news for the folks that have and depressing for those that don't. Very much like house prices in Australia. But let's not get started on that!

[Chaching]

The whole "Shortage Thing" is way out of control and many will get burned.

[lecorsaire]

Originally Posted by Chaching

The whole "Shortage Thing" is way out of control and many will get burned.

This is what happens at the end of every bubble. The only watch that I believe will never have a lower market price is the 5711. The production is already very low and the retail price is now $30k. If someone wants it they have to pay up.

The Daytona, Pepsi and SkyDweller are all new releases that will be in production for at least a decade and I don’t see prices remaining that high once enough watches are allocated to those who truly want them.

[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.

[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.

[Jimbogigolo]

I literally cant.

[superstarmar]

No it’s snot!!!

[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?