I get the impression that Rolex is slowly turning into a Buyer's market!!

[JJ Irani]

Hi guys,

What do you feel? It looks like the sellers are having a hard time trying to off load their Rolexes, ADs are quite eager to dish out discounts just to turn over their stock and most buyers are now holding back and lying low...........and refraining from adding onto their collection.

Of course, I speak in general, but that's just the impression I'm getting. Sales are slow and the buyer seems to be calling the shots!!

Opinions?

Thanks - JJ

[BarkMaster]

I have no way to gauge that, but given the condition of the global economy in general I would think that could easily be the case.

[JJ Irani]

Originally Posted by 777

I have no way to gauge that, but given the condition of the global economy in general I would think that could easily be the case.

Well, if people go around burning 100-Dollar bills like the one in your avatar, no wonder the economy is in a slump!!

[rmfnla]

Might be a function of price; there have been some pretty stiff increases over the last few years, especially in the sports watches.

[Rolexitis]

I agree JJ. If I had the $ to negotiate, I feel sure I could get a good deal in the current state of the economy. Rolex also needs to STOP the biannual increases in retail price. It's ridiculous and makes me ill.

[wantonebad]

I totally agree JJ!
remember trying to sell your last Blusey? Took a while and only you know if you got the price you wanted. I couldn't get the price I wanted for my 16613 so I kept it. As it turns out demand hasn't come back yet, it might not ever come back, but I couldn't give mine away so it's going to remain in my collection unless... I change my mind

[Fiery]

Quite frankly, I expected this to happen. When on this forum a lot of posts were all about how the new SS Sub-C would be hard to buy for a year or so, and that 2nd-hand BNIB ones would be sold for a premium (= over MSRP) for several months, I had my doubts. Now it seems a lot of ADs currently have both the LN and LV versions on stock, and BNIB/LNIB ones are sold on forum sales corners for no more than MSRP. Maybe everyone waited for the new Sub-C, put their names on the waiting lists, but then noone actually bought it. Maybe most of those guys believed back in the spring that economy would quickly recover after the good news coming early this year. But it seems the world economy may just be on a small hill only, and the next big "valley" is still ahead...

[Chipmunk]

If that is fact........ then that's good news for me as a buyer.

[Jocke]

Originally Posted by JJ Irani

Hi guys,

What do you feel? It looks like the sellers are having a hard time trying to off load their Rolexes, ADs are quite eager to dish out discounts just to turn over their stock and most buyers are now holding back and lying low...........and refraining from adding onto their collection.

Of course, I speak in general, but that's just the impression I'm getting. Sales are slow and the buyer seems to be calling the shots!!

Opinions?

Thanks - JJ

Could it be that the rumor in New Zealand says you already have four Rolex so the only chance of buying one more
is that you get a huge discount.

[JEC]

Too bad the same isn't true for the vintage market. It's been steadily going up for the last year. I bought and sold a 5500 less than a year ago and now it's gotten out of my price range. I wanted a 1675 when they were around 3K, now it's hard to get a good one under 5.

It's all ebays fault, I say.

[JJ Irani]

Originally Posted by Jocke

Could it be that the rumor in New Zealand says you already have four Rolex so the only chance of buying one more
is that you get a huge discount.

No more for me.......in fact, I've been trying to sell my Exp-II since 4 months now without any success!!

[JJ Irani]

Originally Posted by Fiery

Quite frankly, I expected this to happen. When on this forum a lot of posts were all about how the new SS Sub-C would be hard to buy for a year or so, and that 2nd-hand BNIB ones would be sold for a premium (= over MSRP) for several months, I had my doubts. Now it seems a lot of ADs currently have both the LN and LV versions on stock, and BNIB/LNIB ones are sold on forum sales corners for no more than MSRP. Maybe everyone waited for the new Sub-C, put their names on the waiting lists, but then noone actually bought it. Maybe most of those guys believed back in the spring that economy would quickly recover after the good news coming early this year. But it seems the world economy may just be on a small hill only, and the next big "valley" is still ahead...

Yes, agreed...........good post!!

In fact, some of the members have found the new Sub-C to be a disappointment and have preferred the older Sub 16610 with the slimmer lugs and not so "chunky" look!!!

JJ

[Jocke]

Originally Posted by JJ Irani

No more for me.......in fact, I've been trying to sell my Exp-II since 4 months now without any success!!

I guess if it have a glass back and a leather band it will go in a eyeblink. Oupps,
sorry Frank wasn't your middlename.

[sakuraba]

Might be due to seasonality. I'd be interested to hear from sellers compare sales vs same time last year.

[JJ Irani]

Originally Posted by Jocke

I guess if it have a glass back and a leather band it will go in a eyeblink. Oupps,
sorry Frank wasn't your middlename.

It looks like the HONK button is working quite nicely on your computer, Jocke!!

You seem to log on the minute I'm on!!

[esm]

It's almost Christmas time... Wait till the tax return time comes around...

[sandybax]

Economy is the factor. An expensive watch is not a necessity, so in hard or uncertain times people cut back on toys first. Same with bikes, classic cars, etc. Recession. On the flip side, if you have cash you order the music :)

[sakuraba]

Originally Posted by JJ Irani

You seem to log on the minute I'm on!!

I smell a Bromance coming on!

[Jocke]

Originally Posted by JJ Irani

It looks like the HONK button is working quite nicely on your computer, Jocke!!

You seem to log on the minute I'm on!!

Correctomundo, I have just set my computer at NZ daylight saving time to be sure.

[Jocke]

Originally Posted by sakuraba

I smell a Bromance coming on!

How did that smell?

[sakuraba]

Originally Posted by Jocke

How did that smell?

Like sheep!

(sorry Boss)

[JJ Irani]

Originally Posted by sakuraba

I smell a Bromance coming on!

Originally Posted by Jocke

How did that smell?

I'll tell you what I smell..............I smell a hijack between you 2 jokers!!

[chris russell]

I think Rolex needs to get its head outta its @$$ with these incessant price increases in the midst of a slow worldwide economy. 10 or 15% increases once or even twice a year is just stupid when inflation is close to zero. It means the watches are doubling in price in terms of actual buying power every few years. They shouldn't be shocked to find they are shrinking their market base.

[sakuraba]

Originally Posted by JJ Irani

I'll tell you what I smell..............I smell a hijack between you 2 jokers!!

Joacim started it!

[Jocke]

Originally Posted by sakuraba

Joacim started it!

If I finish it I will be banned.

[Tijssan]

If it follows typical retail sales trends now is a good time to buy. In the holiday season sales typically pick up. Having said that though, there is uncertainty about the 2010 holiday retail sales (as there is uncertainty with anything economic these days) and stocking trends are not matching previous years. I guess only time will tell...

[G.D.BeanCounter]

Greetings All. New to the forum, but have been observing and gaining insight in the background. Honored to be amongst a good group of people.

I would have to say, I agree that the buyer's have the upper hand right now, and I certainly believe it has to do with the economy. Too bad I went crazy and blew my watch budget months ago. probably could have saved several hundred dollars on my purchases.

[JJ Irani]

Originally Posted by chris russell

I think Rolex needs to get its head outta its @$$ with these incessant price increases in the midst of a slow worldwide economy. 10 or 15% increases once or even twice a year is just stupid when inflation is close to zero. It means the watches are doubling in price in terms of actual buying power every few years. They shouldn't be shocked to find they are shrinking their market base.

Very true, Chris!! With their ever increasing prices, Rolex are also encouraging the Gray Market dealers to undercut their prices and give customers a better deal.

Our very own trusted TRF sellers can still get us unbeatable deals on virtually any watch out there!!

JJ

[Jocke]

Originally Posted by JJ Irani

Very true, Chris!! With their ever increasing prices, Rolex are also encouraging the Gray Market dealers to undercut their prices and give customers a better deal.

Our very own trusted TRF sellers can still get us unbeatable deals on virtually any watch out there!!

JJ

You talk about grey market dealers?

[mike]

That Rolex makes one of the toughest most reliable watches out there I don't think can be debated. That said they make a LOT of watches.

Perhaps when pricing reaches a certain threshold buyers look for something a little more exclusive?