Rolex prices won’t decrease with a global crisis

[Nauti]

Hmmm a truly unprecedented occurrence that is like a global whirlwind and as many have stated much more important stuff than money, that said many people will be asset rich and cash poor and have debts to pay....which means stuff gets liquidated at going rate to pay said bills.....irrespective of what they Paid for the asset...

The only glimmer of hope is watches are In themselves global in ways cars and property are less so i.e. movable to a more buoyant market....so if the Chinese / HK market rebound some time soon the demand will improve even if only slightly....

But its a big if .....we have our toys try to enjoy them and providing you paid MRSP i think your at worst going to break even if you do decide to cash in.

The greys must be having a mega headache but hey thats what a tax saving write down policy is for.

[TopDog2315]

Originally Posted by DocHolliday

Bingo. TankTom and socialwatchguy have no clue what they are talking about. The wealthiest people I know are the most cost conscious. It’s not about how much you have, it’s more about how smart you want to be with your money. That’s like saying wealthy people don’t care what price they buy stock at. Complete nonsense.


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100% agree here!


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[Robf52]

Originally Posted by NYG1121

Everything goes down in this sort of downturn. Stocks, real estate.. basically anything that is valuable except cash. For all of these assets, don’t sell unless you have to. Ride it out and you will come out ahead

I think a correct statement and wise advise. I watch (no pun intended) my stock portfolio (mostly go down lately) like a hawk, but don't ever look at the day to day possible fluctuations of the gray market. I'm relatively new to Rolex collecting and buy only thru my AD without ever having received a discount. So, I'm much more concerned with availability, or lack thereof, than price. I know what I like and buy what I like.

[Highlatitude]

A few drama queens on this thread. There is an economic crisis going on and some people will hurt, a few people will benefit. But the World economic order is not going to collapse. The cost to the economy will be mitigated by another round of quantitive easing.

A lot more people have already become infected than statistics show because so few have been tested. During the next few weeks Antibody Test kits will become available and the many people tested and found to be immune will be heading back to work. The greys price gouging will be over but not much else will change in the watch world.

[Tavli3]

Don't know about Rolex prices coming down but so far Patek is not budging.
5711 just sold for 75K on Southebys Watches Online. Would have thought that bubble popped, guess not!