Rolex price will go down?! I doubt that !!!

[foo4rolex]

Only in Chinese:

https://www.youtube.com/watch?v=W-4VqbpvA2w

[foo4rolex]

All pieces currently sitting in Rolex Headquarter vault would rather ship to China instead of any other places in the world since China already removed the lockdown.
On top of that, the Chinese's buying power is really AMAZING !!!

[Onikage]

They're going down. Have you seen what's happening lately? We're looking at never before seen depression ingredients. Officials are even admitting it to the public here now.

[peterpl]

Your too late. Most models have already dropped in price by quite some bit. (i.e) SS Daytona, BLNR, BLRO, Hulk etc....just look at the individual sales prices now on them.

Go try sell whatever model you have and see how much you get offered. LOL

[kieselguhr]

Interesting. I swear I remember Malaysians speaking Cantonese while I was visiting. All the shops had traditional signs too. Or maybe my memory is wrong

[SudiYunus]

Originally Posted by foo4rolex

Only in Chinese:

https://www.youtube.com/watch?v=W-4VqbpvA2w

Interesting,
Mid May in Shanghai, JLC Boutique sold 500pcs/ day, worth RMB 27 mil ~ US$ 3.8mil
While Omega sold RMB 9 mil ~ US$ 1.26 mil.

https://www.businessinsider.com/weal...n-china-2020-4

What economic downturn? Where?

[Ihatecheese]

China and HK will continue to prop up the rest of the market for yrs to come, even more so than usual as other economies contract.

Rolex is more entry level though at least in my few yrs living in HK, with the local and affluent mainland tourist watch enthusiasts with more disposable income.

[peterpl]

Originally Posted by Ihatecheese

China and HK will continue to prop up the rest of the market for yrs to come, even more so than usual as other economies contract.
.

I take it you havent been paying attention to China's congress meeting they had yesterday.

Big FAT Zero growth targets for this year. Means they are in recession most likely and that any target would not be met.

[Gaijin]

IBTL.

It is regional.