Huge % increase in 116500 availability on Chrono

[dommasters]

Originally Posted by Lamontsanders

Ain’t no way on earth I’d trade that 16520 for a 116500 but that’s just me.

I hear you. It's close. Mine loses 1/3rd of it's value by not having the original warranty paper.

[Chester01]

Funny all these folks say well C24 does not always have watch. If one searches available now, there are still plenty. Add in all the other 500 gray dealers and many, many more. These have become untethered from supply and demand and are simply the next GameStop for investors that made plenty in the market over the last few decades and got bored with stocks and are onto watches and bitcoin.

The Daytona is not scarce, it just plays the role on social media. They are simply held back and one allowed to purchase to reward VIP's and of course the ever growing number of gray market that has BNIB, i mean where do people think they are getting them from? All Daytona come from the AD. The fact that the same gray dealers continue to have fresh supply means they have a constant supply flowing from AD to the gray.

Bottom line, folks are willing to pay all kinds of money to feel special. 13,500 watch, and the 45,000 for the feeling.

[Mystro]

Originally Posted by Chester01

Funny all these folks say well C24 does not always have watch. If one searches available now, there are still plenty. Add in all the other 500 gray dealers and many, many more. These have become untethered from supply and demand and are simply the next GameStop for investors that made plenty in the market over the last few decades and got bored with stocks and are onto watches and bitcoin.

The Daytona is not scarce, it just plays the role on social media. They are simply held back and one allowed to purchase to reward VIP's and of course the ever growing number of gray market that has BNIB, i mean where do people think they are getting them from? All Daytona come from the AD. The fact that the same gray dealers continue to have fresh supply means they have a constant supply flowing from AD to the gray.

Bottom line, folks are willing to pay all kinds of money to feel special. 13,500 watch, and the 45,000 for the feeling.

No people are paying $45k for one to appear at their doorstep in 24hrs. If it were really a $14k watch then one could walk in and buy one for msrp but that is not the reality we live in. How things should be verses how things are, is two different realities especially for high demand luxury goods. Accessibility is just as important a factor as the product itself with free market pricing.
If it really were a $13,500 watch I would gladly have a $10k cashiers check made out and waiting for someone to run down and pick me up one for msrp for the trouble.

Pick me up a new GT3RS at msrp and I’ll kick in another $20k.

[Chester01]

Originally Posted by Mystro

No people are paying $45k for one to appear at their doorstep in 24hrs. If it were really a $14k watch then one could walk in and buy one for msrp but that is not the reality we live in. How things should be verses how things are, is two different realities especially for high demand luxury goods. Accessibility is just as important a factor as the product itself with free market pricing.
If it really were a $13,500 watch I would gladly have a $10k cashiers check made out and waiting for someone to run down and pick me up one for msrp for the trouble.

Pick me up a new GT3RS at msrp and I’ll kick in another $20k.

We will agree to disagree. It’s a 13k watch. There is a far more legible Zenith out there with a movement as good. Same for the moon watch. The money over MSRP is to have the hype now.


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[Chester01]

These things are primarily commodities to be bought, held, and sold and so you will see all kinds of ups and downs. Same as you will see in oil or any other commodity. Nothing to make hay of.

[Dayton ssb]

Following a green sub 2021 on 24 hour chrono and I just got notification it went down 500 bucks. So maybe there is hope for a market correction.


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[scottb23]

there will be ups and downs. last several years have been fueled by an interesting mix of social media fueled interest and a favorable market environment re rates that encouraged speculation, particularly the last few years. if you assume a not insignificant # of X piece is held by speculators then prices are sure to contract in this environment. id be way less comfortable holding 10 116500s now than I was 6 months ago, especially as a dealer that may have used a line of credit etc.

put another way, for prices to NOT contract there needs to be a ton of new marginal buyers that outpaces what we saw over the last 10 years and that's less likely in this day and age of saturation on ig, hodinkee, etc.

as a happy collector I could care less however

[Tomek-]

It's a simple coincidence.

[Shaitan]

God this is getting boring, nonstop talking about prices. Does anyone actually buy watches or they just complain about the market nowadays


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[arche3]

Originally Posted by Shaitan

God this is getting boring, nonstop talking about prices. Does anyone actually buy watches or they just complain about the market nowadays


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Most of these old farts just police this forum and bully people. They don't buy watches because they are on social security and have pensions from some factory.

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[macrowatch]

Originally Posted by Shaitan

God this is getting boring, nonstop talking about prices. Does anyone actually buy watches or they just complain about the market nowadays


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Come on Shaitan! It's 2022. Just imagine the patek ad, but instead it reads. You never own a Rolex, you just wait in line and talk about market conditions instead!!!

In other news, US pre-owned car prices down 3.8%. Some sanity returning!

[rolexpure]

You guys must not be paying attention to the current softening of the watch market across the board.

Rolex/AP/Patek/RM all affected currently. Nothing is moving at gray market dealer prices. Pretty big price movements on $150k-$200k watches and Rolex being at the buttom end of the price we'll see some smaller drops. I'm betting 20% drop across the board over the next few months.

Entire watch market is slow globally.

[Shaitan]

Originally Posted by rolexpure

You guys must not be paying attention to the current softening of the watch market across the board.

Rolex/AP/Patek/RM all affected currently. Nothing is moving at gray market dealer prices. Pretty big price movements on $150k-$200k watches and Rolex being at the buttom end of the price we'll see some smaller drops. I'm betting 20% drop across the board over the next few months.

Entire watch market is slow globally.

Yea everyone seems to be only paying attention to this, seems like people have long and short positions on Rolex pricing. How many more predictions will we get of where it goes? People now say they wait till Prices go down to pre Xmas levels. The same people who last years said they will never pay 30k for a Panda. And when it’s a these levels then people will say I’m waiting until we’re at retail prices and walk in pick ups again. This forum would be dead if prices become normal - no more Nostradamus threads predicting when they can finally get their piece of the AD.


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[askdanny]

Originally Posted by Shaitan

Yea everyone seems to be only paying attention to this, seems like people have long and short positions on Rolex pricing. How many more predictions will we get of where it goes? People now say they wait till Prices go down to pre Xmas levels. The same people who last years said they will never pay 30k for a Panda. And when it’s a these levels then people will say I’m waiting until we’re at retail prices and walk in pick ups again. This forum would be dead if prices become normal - no more Nostradamus threads predicting when they can finally get their piece of the AD.


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Yep. I was "crazy" to buy a Panda for $18K in Nov of 2018 and "crazy" for buying a black one for $23K in Dec. of 2020. (I think I would have been crazier to think the AD would allocate one for me.) Either way, thanks to current market, I'm essentially wearing a free watch. And that's all I wanted. I don't want to get rich from watches, I just want to be able to liquidate should I need to get out of them.

[TswaneNguni]

Originally Posted by dommasters

I have been following the 116500 availability on Chrono24. In the last six weeks the number is up by around 50%. Why might this be? As of tonight there are 554 available compared to 378 six weeks ago.

Its a watch that doesn't come out of the closet ...The owners felt it may be the high point of the market and it's time to make $$$ !!

I wonder how many ss Daytonas making it out of the AD gets worn ? 30% ?

SS Daytonas are the biggest safe queens in Rolex history .

[Roger Lococco]

Originally Posted by TswaneNguni

Its a watch that doesn't come out of the closet ...The owners felt it may be the high point of the market and it's time to make $$$ !!

I wonder how many ss Daytonas making it out of the AD gets worn ? 30% ?

SS Daytonas are the biggest safe queens in Rolex history .

I wear mine, but it’s not my favorite watch for a daily. It is fun to wear on occasion though.


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[socalsean]

Already some dealers are listing well under $50k for Panda Daytonas.

[Gab27]

I wouldn't be shocked if we saw an increase in second hand availability of quite a few different Rolexes, as I think dealers/individuals who sell may buy models in the anticipation that they are discontinued, and they may move them when they are not. To my understanding, the YouTube kept talking about the Daytona being changed so it may have spurred some buying of these exclusively for financial purposes.

While a lot of Rolexes seem to be bought and sold exclusively for financial gain, this reference is probably frequently used for that purpose...which sucks for those who want one to actually wear like it was intended to be.

I would not be surprised if some of the 1 year old stickered Daytonas for sale have had 5, 10, or even more owners.

[CarlOver]

I have now contacted about 5 vendors on 2 listed watches and none had them. This site has so many bogus listings. Hopefully most people know this by now. And don’t reference the listing prices.

[xjeeunitx]

sell now cheap only to buy it more expensive later down the line... we are in a correction. by the end of the summer, you will see it right back to where it was before (February 2022).

[Nairn1980]

Originally Posted by dommasters

I have been following the 116500 availability on Chrono24. In the last six weeks the number is up by around 50%. Why might this be? As of tonight there are 554 available compared to 378 six weeks ago.

I only ever look at UK listings as that’s where I live.
There are 58 in the Uk and that’s been similar for a while.

Keep in mind many Chrono24 listings are actually ghost watches