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22 March 2021, 11:02 PM | #151 |
2024 ROLEX SUBMARINER 41 Pledge Member
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22 March 2021, 11:03 PM | #152 | |
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Quote:
Nothing artificial at all. This has been explained numerous times. To recap: 1. Monetary policy 2. Explosion of wealth in China 3. Instagram 4. Covid. People not spending $ elsewhere and manufacturing shut downs Also nursery school stuff. Sent from my iPhone using Tapatalk |
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22 March 2021, 11:06 PM | #153 | |
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22 March 2021, 11:09 PM | #154 |
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Demand is very high. Why is this even debatable? I can understand debating “The High Demand”. It’s fun & that’s part of TRF. But saying there is not a high demand is some Ancient Aliens talk.
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22 March 2021, 11:11 PM | #155 |
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Also, let me remind folks. Rolex produces about as many watches as Subaru makes annually. Does anyone think Subaru’s are rare. Wake up folks.
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22 March 2021, 11:20 PM | #156 |
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“Not a Supply Issue / There is NO Shortage” Says Govberg
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22 March 2021, 11:31 PM | #157 |
2024 ROLEX SUBMARINER 41 Pledge Member
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Watch: Sub, DJ41, GMT
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22 March 2021, 11:32 PM | #158 |
2024 ROLEX SUBMARINER 41 Pledge Member
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Watch: Sub, DJ41, GMT
Posts: 8,270
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22 March 2021, 11:53 PM | #159 |
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There is plenty supply, new subs poping up on watchrecon weekly if not daily.
They are not moving as fast though so maybe I can get 1 at retail this year. Sent from my iPhone using Tapatalk Pro |
22 March 2021, 11:54 PM | #160 |
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23 March 2021, 12:04 AM | #161 |
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Rolex are machine made, not hand made. They can cover any demand,ok? I don't believe any of the b....t that Rolex can't cover the demand. They always been in demand. They just want to make this artificial scarcity. I'm not going to argue with all the Rolex zombies, because there many of them. So this is my last message on this thread.
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23 March 2021, 12:38 AM | #162 |
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All we can say is that there is a suppy/demand imbalance. Rolex makes about a million watches a year, probably 20% less in the year of covid. Demand is more difficult to measure...impossible to do with any real accuracy.
But again, when everything made sells and the secondary market prices it well above retail you have an imbalance...period. Rolex sells every watch they choose to make. They don't have any problems. If they really really wanted to, they could invest and within a year or two dramatically increase output. They have in the past and continue to choose not to. So yes, there technically is a shortage but not one that anyone plans to, cares to or is likely to ever correct. Sent from my SM-G960U using Tapatalk |
23 March 2021, 12:48 AM | #163 |
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Honestly, it is not an artificial shortage, Rolex is making the same amount of watches it is just people have realized the retained value in the Rolex.
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23 March 2021, 12:49 AM | #164 | |
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My goodness, there is one born every minute |
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23 March 2021, 12:52 AM | #165 | |
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I commend your patience and perseverance
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23 March 2021, 01:49 AM | #166 | ||
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Quote:
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23 March 2021, 01:52 AM | #167 | |
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Quote:
Who is saying they are rare? What people are saying (sensibly) is that demand is greater than supply, that it. Demand greater than supply which results in high prices does not mean something is ‘rare’. Sent from my iPhone using Tapatalk |
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23 March 2021, 01:54 AM | #168 | |
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Spot on. The perception is driving even higher demand. Sent from my iPhone using Tapatalk |
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23 March 2021, 02:00 AM | #169 |
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Einstein always said that the simplest solution is usually the right one. Ergo, demand exceeds the supply. It's the simplest solution and is actually based on fundamental economic principles.
When people start coming up with things like "artificial shortages" and other conspiracies, then it becomes far more speculative and difficult to prove. |
23 March 2021, 02:13 AM | #170 | |
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23 March 2021, 02:27 AM | #171 | |
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The truly fascinating topic here is the perfect storm of sensitive and awkward revelations he made public, the politics around how and why the commentary was pulled so quickly, and the analysis of the aftermath. He may be going on an extended vacation for a few weeks. |
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23 March 2021, 02:31 AM | #172 | |
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Its not as if they shut off this mythical machineat 2:30 every afternoon just to screw with us. Are gears machined on a CNC and not filed by hand...of course. Are some processes of assembly completed or assisted with machines...of course...but to call them machine made like they are Corn Flakes is an oversimplification. Sent from my SM-G960U using Tapatalk |
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23 March 2021, 03:36 AM | #173 | |
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Some of the “conspiracies” stated on this forum in the past have turned into actual legal accusations in the past month or so, so I’m not sure if the conspiracy theorists are as crazy as most of the people on this forum, who ardently defend Rolex and their precious AD at every opportunity, would lead you to believe. As someone said above, every new Rolex on the secondary market came from an AD. |
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23 March 2021, 03:52 AM | #174 | |
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Quote:
Also, of course all watches on the secondary market come from ADs. Where else would they come from? No doubt there are flippers in between. |
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23 March 2021, 04:00 AM | #175 | |
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Quote:
The current situation encourages flipping to secondary market which may cause price inflation. |
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23 March 2021, 04:11 AM | #176 | |
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Quote:
The current demand encourages flipping because of value. It's no different than real estate in FL. The demand for waterfront property in certain locations far exceeds the supply. I bought a house a year ago and now it's worth about 20% more. I could flip and make money if I wanted to (but why would I? I love the house and the value will likely increase further). Grey markets are a buy-product of a free market. They in fact epitomize the very definition of a free market. |
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23 March 2021, 06:20 AM | #177 |
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One sure thing is that some people do have dozens and dozens of the same watch BNIB with stickers... That is not very cool for those who really are passionate/work hard to save the money to get their dream watch at a decent price, but there has always been some buyers ready to pay the crazy price. Good for them.
This is a hobby for me, not a matter of life and death or making/invest money, and even less a trend. Whatever is going on out there in the market, no matter if Roli is shipping more or less watches here and there, I would never pay above msrp for anything, even if i need it super bad or even if money isn’t an issue. I would focus on something else instead.
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.__. I don’t mind the value of a Rolex, i just admire the technology and the beauty of it .__. 16600/2005, 116233/2008, 214270/2014, 116234/2016, 116618LB/2017, 116200/2017, 118239/2017, 116622/2018, 326.30.40.50.02.001/2018. |
23 March 2021, 09:37 AM | #178 | |
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Quote:
It’s a completely free market. Demand is massive, supply is limited so prices are up. What grey dealers do in the middle of the market is not what is causing high prices. Rolex are never going to allow their retail prices to rise up to the inflated market prices right now, because they never want to reduce them in the future. They know what they are doing. Sent from my iPhone using Tapatalk |
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23 March 2021, 10:16 AM | #179 |
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23 March 2021, 10:20 AM | #180 |
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conflicts with what my AD said a few days ago. Either way, demand is up, for sure and it's all due to inflation hedging.
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