Prices not dropping?

[apinault]

Hey gang and happy Mother’s Day to everyone out there!
Interesting, I think, people are saying prices are dropping on the grey market. David S W sure isn’t. I’ve been monitoring a few DJ41s and the price haven’t budged. Maybe just on chrono they’re dropping? Anyway DSW seems to be a pretty reputable seller maybe that’s why.
Have a great Sunday!

[GoingPlaces]

Originally Posted by apinault

Hey gang and happy Mother’s Day to everyone out there!
Interesting, I think, people are saying prices are dropping on the grey market. David S W sure isn’t. I’ve been monitoring a few DJ41s and the price haven’t budged. Maybe just on chrono they’re dropping? Anyway DSW seems to be a pretty reputable seller maybe that’s why.
Have a great Sunday!

We don't know if and what they are trading for. David has lots of influence on grey values. I suspect once or if his prices drop, it could have a broad effect.

Wait and see.

[JRell]

I just watch this video yesterday about prices. They are indeed dropping. You are looking at just list prices.

https://m.youtube.com/watch?v=fTclY3M1vRk

[blargle]

Originally Posted by apinault

Hey gang and happy Mother’s Day to everyone out there!
Interesting, I think, people are saying prices are dropping on the grey market. David S W sure isn’t. I’ve been monitoring a few DJ41s and the price haven’t budged. Maybe just on chrono they’re dropping? Anyway DSW seems to be a pretty reputable seller maybe that’s why.
Have a great Sunday!

the the greys can hold out a bit longer, just like the property market, but once it pops, it just wont stop :)

[rolex16]

Already discussed ad nauseam. Prices are dropping, but big greys holding firm. I would not even think about buying anything from grey/secondary other than straight up vintage right now. More room to fall...

[jfmiii]

Originally Posted by rolex16

Already discussed ad nauseam. Prices are dropping, but big greys holding firm. I would not even think about buying anything from grey/secondary other than straight up vintage right now. More room to fall...

This. The guy who runs Moda a sold a panda Daytona the other day for $37k via auction. Prices are down significantly. Grey list prices aren’t reflecting mkt value. They know once they start dropping prices it will be a rush for the exit with each trying to undercut the other to move underwater inventory.

[blargle]

once the prices pop

they just wont stop!!

[Marcjvr]

Sell sell sell

[Patton250]

I would think a thread like this would make everyone on this forum very very happy. Everyone’s been bitching about pricing for the last 5-6 years. It had to crash sometime and it looks like now is the time. The stock market going to continue to decline and energy costs are skyrocketing. That hurts overall business and is going to push out all the people that had extra money that really weren’t interested in the hobby to begin with. Flippers will stop buying to flip and that will lead to extra inventory for those who actually want these special timepieces. People here should be celebrating.

[shirtguy]

David is keeping his prices more or less the same

However he is buying at a lower price

[blargle]

Originally Posted by Patton250

I would think a thread like this would make everyone on this forum very very happy. Everyone’s been bitching about pricing for the last 5-6 years. It had to crash sometime and it looks like now is the time. The stock market going to continue to decline and energy costs are skyrocketing. That hurts overall business and is going to push out all the people that had extra money that really weren’t interested in the hobby to begin with. Flippers will stop buying to flip and that will lead to extra inventory for those who actually want these special timepieces. People here should be celebrating.

my portfolio is down about 100 rolexes.... so im not celebrating believe me

[rolex16]

Originally Posted by Patton250

I would think a thread like this would make everyone on this forum very very happy. Everyone’s been bitching about pricing for the last 5-6 years. It had to crash sometime and it looks like now is the time. The stock market going to continue to decline and energy costs are skyrocketing. That hurts overall business and is going to push out all the people that had extra money that really weren’t interested in the hobby to begin with. Flippers will stop buying to flip and that will lead to extra inventory for those who actually want these special timepieces. People here should be celebrating.

I agree, but it seems enthusiasts of that mindset are in short supply around here…

[orthopa]

Interest rates are going up sharply, the money supply is contracting. Prices for all assets are going to contract. Some faster then others but luxury items are likely the first to drop.

House prices, stocks, bond prices, used car prices, luxury items all will drop in price. Just give it time. The greys maybe trying to eek out a couple grand more but the price drop with come. The money supply is contracting and quickly.

[rolexjackson]

I’ve noticed that some of the smaller Greys pricing has fallen. NashV watch for example has lowered several of his more expensive pieces in the last few weeks. Also I’ve noticed that the smaller ones including DVSW isn’t buying the same way either. I am by no stretch of the imagination a flipper but I recently moved out some of my collection to make room for some new pieces.


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[AbeFroman]

Originally Posted by shirtguy

David is keeping his prices more or less the same

However he is buying at a lower price

Correct, and in some cases he’s declining to purchase various references.

[GoingPlaces]

Originally Posted by Patton250

I would think a thread like this would make everyone on this forum very very happy. Everyone’s been bitching about pricing for the last 5-6 years. It had to crash sometime and it looks like now is the time. The stock market going to continue to decline and energy costs are skyrocketing. That hurts overall business and is going to push out all the people that had extra money that really weren’t interested in the hobby to begin with. Flippers will stop buying to flip and that will lead to extra inventory for those who actually want these special timepieces. People here should be celebrating.

For many people it will be tough times ahead for sure, no relief in sight. Expensive inflation, energy, and money. Personally I just want to be able to walk into an AD, ask what is available and walk out with a watch.

[rmwill]

Stands to reason that the most hyped references are dropping for a few reasons. The Ukraine war, Chinese economic slowdown/lockdowns, and the pre Basel world speculation of discontinuation by "investors". I am shopping for a specific DJ41 or OP39 and they haven't seen any declines, but remember that there is zero selling price transparency in the secondary watch market. If a watch is one that folks buy to wear, I don't think much has changed.

[Kinnakeet]

Anyone who doesn’t see that prices are falling and going to fall are fooling themselves. Same with selling a watch to a grey. They most likely won’t even offer to buy. That includes green subs and the different GMT’s that are out.

[apinault]

If all that’s true, I hate going grey, but there’s a blue DJ41 on the site now, I’m tempted to make a lowball offer. My AD has already gotten me two pieces in 2 years, but I’m still waiting for more. Tired of waiting, and I luckily pulled some cash out of the market in January before the decline. I’d rather buy a watch with it at this point as we wait for the bottom lol

[Patton250]

Originally Posted by apinault

If all that’s true, I hate going grey, but there’s a blue DJ41 on the site now, I’m tempted to make a lowball offer. My AD has already gotten me two pieces in 2 years, but I’m still waiting for more. Tired of waiting, and I luckily pulled some cash out of the market in January before the decline. I’d rather buy a watch with it at this point as we wait for the bottom lol

I bet in six months you can buy for retail at a Rolex boutique.

[Calatrava r]

I would not buy "used" Rolex watches online, I think the secondhand market is over-priced and should correct. If that happens, demand should lessen at ADs which will enable more folks to simply pay retail. Crazy to pay 3x MSRP on watches in many cases two or more years old and still regularly produced.

[Patton250]

Originally Posted by GoingPlaces

For many people it will be tough times ahead for sure, no relief in sight. Expensive inflation, energy, and money. Personally I just want to be able to walk into an AD, ask what is available and walk out with a watch.

The entire spectrum of the middle class will suffer. Of course the lower middle class as usual will be hit the hardest but the stock market collapse will hurt the upper middle class also. I hate it when the economy does this type of crap especially when it’s so avoidable. Oh well at least we can get whatever Watches we want at retail in the very near future. Remember the grays are used to have these watches at a discount when that’s what the market dictated. Maybe they will again one day. We used to get some great deals from David SW.

[apinault]

Originally Posted by Patton250

I bet in six months you can buy for retail at a Rolex boutique.

Yes maybe you are right. And my AD is great and we’ve a good relationship, I’m just not a very patient person lol

[Patton250]

Originally Posted by apinault

Yes maybe you are right. And my AD is great and we’ve a good relationship, I’m just not a very patient person lol

None of us really are anymore. I understand. Go ahead and get it then. At least that model isn’t marked up that badly

[apinault]

Originally Posted by Patton250

None of us really are anymore. I understand. Go ahead and get it then. At least that model isn’t marked up that badly

Exactly! To be honest it’s “only” about $1500 over what I’d be paying if I got at AD if you factor in sales tax. Because buying from him I believe there isn’t any. And Marc Goldberg has spoken very highly if DSW and bought from them.

[rolex16]

Originally Posted by apinault

Exactly! To be honest it’s “only” about $1500 over what I’d be paying if I got at AD if you factor in sales tax. Because buying from him I believe there isn’t any. And Marc Goldberg has spoken very highly if DSW and bought from them.

I would not do it. Be patient and don't feed this market, let it come down.

[Patton250]

Originally Posted by apinault

Exactly! To be honest it’s “only” about $1500 over what I’d be paying if I got at AD if you factor in sales tax. Because buying from him I believe there isn’t any. And Marc Goldberg has spoken very highly if DSW and bought from them.

David SW is the best. He really is. It is a no-brainer. Definitely pull the trigger tomorrow. $1500 over is nothing especially when you consider taxes. Dude you have an early congratulations from me.

[apinault]

Originally Posted by rolex16

I would not do it. Be patient and don't feed this market, let it come down.

I know! Honestly hate to do it, wish I were more patient. Lol never been my strong suit.

[apinault]

Originally Posted by Patton250

David SW is the best. He really is. It is a no-brainer. Definitely pull the trigger tomorrow. $1500 over is nothing especially when you consider taxes. Dude you have an early congratulations from me.

Haha thanks! I’ll definitely let you know if I do it. :)

[m j b]

The used car market reportedly is starting to come down. Housing remains strong here where I live because demand is still growing. Since the supply of Rolex will not change in the short-term, the slowing economy will likely soften demand, which will in turn help prices to lower a bit.

I, however, will put my money somewhere else, where it can work for me. Hopefully. ;)