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7 February 2020, 08:31 AM
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#1 |
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"TRF" Member
Join Date: Apr 2019
Location: HK
Posts: 25
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Rolex prices and coronavirus
Just wondering what people think (speculation of course) on this coronavirus's effect on Rolex grey prices + demand?
Fwiw, I'm seeing a softening of grey 2nd hand prices here in HKG across some models I'm tracking (sub / blnr). Can't imagine there will be too much HKG demand at the moment with some mainland travel restrictions in place and not many people going out and about HKG. |
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7 February 2020, 08:42 AM
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#2 |
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2024 Pledge Member
Join Date: Jun 2013
Location: ATL
Watch: 126610LV
Posts: 2,752
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Your contracting economy is going to have more impact than this virus.
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7 February 2020, 08:57 AM
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#3 |
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"TRF" Member
Join Date: Jul 2019
Real Name: rd
Location: uk
Posts: 1,552
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Good grief, I had to click on that title.
'So, you know, what with Captain Trips an' all...' |
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7 February 2020, 09:05 AM
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#4 |
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"TRF" Member
Join Date: Jan 2019
Location: Spain
Posts: 833
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I am always surprised to see the significance of the geographically tiny HK to the world luxury items market.
Right now it would be a good time to be a HK buyer; there seems to be distressed sellers right now in that mkt.
__________________
116610LN - 216570 Polar - 114300 Red Grape - 326934 White - 116660 Black - 126300 Blue - 116713LN - 116503 Black - 116900 - 126600 - 116618LB - 116689 - 79220R ETA |
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7 February 2020, 09:25 AM
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#5 |
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"TRF" Member
Join Date: Mar 2017
Location: California
Watch: 26420RO
Posts: 448
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Rolexes are really cheap in Wuhan right now...
Joking aside, hope all is well in HK. I just heard from a co-worker there and the situation does not sound good.
__________________
Current collection: AP 26420RO.OO.A002CA.01, PP 5164A, AP 15202BA, Omega 310.32.42.50.01.002, Tudor m79030b-0003, Garmin Epix Gen 2 Waiting for: AP 126715ST.OO.1356ST.01 |
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7 February 2020, 10:16 AM
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#6 |
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"TRF" Member
Join Date: Feb 2012
Location: Florida State!
Watch: It's just a watch.
Posts: 1,463
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7 February 2020, 03:49 PM
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#7 | |
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"TRF" Member
Join Date: Aug 2018
Location: Middle East
Watch: Rolex / Tudor
Posts: 3,592
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I think that maybe the only positive impact of that nasty virus is going to be on Rolex SS availability. A good increase of SS models won’t surprise me. Grey prices to go down.
Quote:
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Good watches are made to tell time but some brands are obsessed to tell it in the most beautiful way possible. |
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7 February 2020, 04:18 PM
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#8 |
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"TRF" Member
Join Date: May 2017
Real Name: Alan
Location: Northern, CA
Watch: 116334
Posts: 2,215
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That will be pent up demand. Despite the communism, China developed the largest middle class anywhere. When the ship rights, and it will, then sales will consume any inventory.
__________________
Rolex 116334 126600 228235 |
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7 February 2020, 04:54 PM
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#9 | |
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2024 Pledge Member
Join Date: Oct 2009
Real Name: Gary
Location: USA
Watch: Daytona
Posts: 11,749
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Quote:
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7 February 2020, 05:00 PM
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#10 |
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"TRF" Member
Join Date: Jan 2009
Real Name: Russel
Location: N/A
Watch: N/A
Posts: 755
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Zero effect.
Did you hear a lot of people don't even go out anymore. Everything done on mobile. |
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7 February 2020, 05:01 PM
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#11 |
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"TRF" Member
Join Date: Jan 2019
Location: Hong Kong
Posts: 237
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I kind of see the opposite with ADs wanting to flush hot pieces with big premium asap to compensate for no traffic/sales into stores.
Grey still maintaining premium. A Sub ND is US1.5K above rsp lately... |
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7 February 2020, 05:02 PM
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#12 |
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"TRF" Member
Join Date: Jul 2018
Location: UK
Posts: 1,030
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Goodness me.
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7 February 2020, 05:10 PM
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#13 |
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"TRF" Member
Join Date: Jul 2017
Location: California
Watch: Shiny One
Posts: 5,450
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Ambulance chasers.
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7 February 2020, 05:16 PM
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#14 |
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"TRF" Member
Join Date: Apr 2015
Location: NYC, HK
Posts: 36
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HK may be seeing less foot traffic but the inventory of popular models at the greys can be easily absorbed by other regions.
Same with the Mainland. Add to the fact that it is a relatively easy way to move money abroad, I doubt you will see any impact. If there is any impact it will be to private sellers as most prefer to do cash deals. |
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7 February 2020, 06:09 PM
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#15 |
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"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,808
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I think the BLNR is softening regardless. I’ve seen some fairly good deals recently from trusted sellers for either new or almost new. Most being based in the US.
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7 February 2020, 06:10 PM
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#16 |
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"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,808
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.
Last edited by Sandpit; 7 February 2020 at 06:11 PM.. Reason: Double post |
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7 February 2020, 06:22 PM
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#17 |
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"TRF" Life Patron
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 53,062
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Some posts in this this thread are in extremely bad taste and now closed.
__________________
 ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder 
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