I am now a believer, prices coming down

[Podmornica]

Originally Posted by hojlund

bitcoin is bottoming out and has been rising since 2,3 months ago. may be it's a sign that rolex price will start rising again.

Bwhahah, BTC is just doing a bull run in a major bear market trend, tf u talking about? You think BTC will go to the new ATH while the recession is looming across 90% of the world? The falling stock market will drag it down and smart money is now exiting into USD and will use the expensive dollar to buy the cheap stocks soon. Biggest money grab in history is unfolding IN front of out eyes.

Originally Posted by Mystro

Wait, why would you waist a sellers time for a watch you had no interest in buying??

Someone has to tell those muppets that the buyers are now aware of the market switch.

THIS TIME NEXT YEAR - 10% OFF MSRP for 90% of the Rolex references - Immidiate aviilablity! At your local grey dealer there will be even better deals!

[Hollie_Rollie]

Originally Posted by Podmornica

Bwhahah, BTC is just doing a bull run in a major bear market trend, tf u talking about? You think BTC will go to the new ATH while the recession is looming across 90% of the world? The falling stock market will drag it down and smart money is now exiting into USD and will use the expensive dollar to buy the cheap stocks soon. Biggest money grab in history is unfolding IN front of out eyes.



Someone has to tell those muppets that the buyers are now aware of the market switch.

THIS TIME NEXT YEAR - 10% OFF MSRP for 90% of the Rolex references - Immidiate aviilablity! At your local grey dealer there will be even better deals!

Pod! As always I love your passion! Low ball the used car dealers I mean used watch dealers and throw in a stick of gum


Sent from my iPhone using Tapatalk

[minute_man]

Originally Posted by Podmornica

Bwhahah, BTC is just doing a bull run in a major bear market trend, tf u talking about? You think BTC will go to the new ATH while the recession is looming across 90% of the world? The falling stock market will drag it down and smart money is now exiting into USD and will use the expensive dollar to buy the cheap stocks soon. Biggest money grab in history is unfolding IN front of out eyes.



Someone has to tell those muppets that the buyers are now aware of the market switch.

THIS TIME NEXT YEAR - 10% OFF MSRP for 90% of the Rolex references - Immidiate aviilablity! At your local grey dealer there will be even better deals!

I'm 100% with you and I sincerely wish your prediction comes true. Not holding my breath anymore though.

[aarontkc]

I hope so too, haha

[rushca01]

I hope they get closer to msrp and I say that after having spent way over that on a couple pieces, not upset but also want some normalcy.

[WatchThinker]

Originally Posted by RichardBartlett

Markets are based on emotion. The product doesn't change but the sentiment does.

That confidence is draining out means prices will continue to fall until confidence returns. Maybe 18 months or so..TBC

Watch for other factors such as house prices starting to rise then the market is turning and the market will strengthen again. (not to covid crisis nonsense levels)

This above!

[lmcgbaj]

Originally Posted by richardbartlett

markets are based on emotion. The product doesn't change but the sentiment does.

That confidence is draining out means prices will continue to fall until confidence returns. Maybe 18 months or so..tbc

watch for other factors such as house prices starting to rise then the market is turning and the market will strengthen again. (not to covid crisis nonsense levels)

+1.

[PCD]

Originally Posted by BillA

Noticing some 126610LV’s selling under $14K.
Sure SS Daytona and some other will always be hard to get.
All I have to say is………….YES!

The question is how much lower does it need to push before we say "ok, I accept this version of our new norm"

[dubins930]

Originally Posted by gotrolex

it’s happening


sent from my iphone using tapatalk

never!!!!

[LndLord]

Originally Posted by amh

LVs were never popular before the hype. They collected dust in the AD display case waiting for the local Grey to purchase in a bundle with all the diamond-crusted lady datejusts.

Yes, LV were never popular and consider a ugly watch because of the bright green

[RolexSimon]

Originally Posted by Linuxpenguins

Depends on the model. Blue Sky Dweller SS, Blro (Pepsi), Daytona etc - Still selling waaaay above MSRP and will do forever more.

But prices are slipping - 116500LN white dial $27500 now for used - sold on Moda the other day. When the 126500LNs appear frequently, I'd imagine they'll come below $25000. Black dials almost there already. Blue dial Sky's a massive reduction (saw one on oyster below $20K).

[TC94]

Originally Posted by Podmornica

Bwhahah, BTC is just doing a bull run in a major bear market trend, tf u talking about? You think BTC will go to the new ATH while the recession is looming across 90% of the world? The falling stock market will drag it down and smart money is now exiting into USD and will use the expensive dollar to buy the cheap stocks soon. Biggest money grab in history is unfolding IN front of out eyes.

THIS TIME NEXT YEAR - 10% OFF MSRP for 90% of the Rolex references - Immidiate aviilablity! At your local grey dealer there will be even better deals!

Bitcoin will blow through previous ATH over next 12 months due to ETF’s, increasing institutional demands, and the network halving in April.

Long term bond prices will rise as Fed starts to relax on rates. Stocks will respond as well. Markets are forward predictors of recessions. The drops we’ve already seen probably are close to the bottoms for all 3 of those assets long term. Short term volatility will remain, of course.

Any near term recession will be short and shallow, so buy those cheap watches now before the trend reverses.

[LJubel328]

Originally Posted by Armis

With the extent of “the craze” during the Covid years, I honestly thought things would just keep rising indefinitely…it really felt that way. Seeing this now, I believe what many said about “what goes up must come down,” or to that effect. Still, the past experience makes me wonder if it’s possible for that to happen again. We don’t know the future, so certainly any global economic event can have unexpected effects. Still, nice to see more normalcy now.

And that’s why you short when people start saying, “this time is different,” etc etc

I’m still surprised people legitimately thought that environment was sustainable (not calling you out, specifically)


Sent from my iPhone using Tapatalk

[BillA]

Originally Posted by LndLord

Yes, LV were never popular and consider a ugly watch because of the bright green

Rolex sells all of them produced, so some people mighty disagree with you.

[Sigmak]

Originally Posted by Linuxpenguins

Depends on the model. Blue Sky Dweller SS, Blro (Pepsi), Daytona etc - Still selling waaaay above MSRP and will do forever more.

Exactly! IMO too

[piratepress]

There's a previously worn WG Pepsi on DavidSW's site that is $4K below MSRP.

[Turbo Racer]

I think interest rates have a lot to do with this. Just try and sell a nautilus or a royal oak. I think overall the economy is doing ok all things considered now, but if for some reason, rates drop fairly soon, I think many asset classes will see rapid appreciation. If rates stand pat, then not so much. Personally, I hope that we have a relatively soft or no landing with some reasonable price stability.

[DJ2020]

I can remember in the late 70's and early 80's just about all models sold under retail and secondary market (preowned) was at least half that.

Heck, I can remember a sales associate offering extra gifts along with a hefty discount just to sweeten the pot so to speak!

Of course the thing called Hype and internet was not invented yet. Ahh, the good old days!

[DJ2020]

Originally Posted by LndLord

Yes, LV were never popular and consider a ugly watch because of the bright green

And still considered that way by many!

[Pablito]

Originally Posted by DJ2020

And still considered that way by many!

Too much green kills the green vibe

[GB-man]

Originally Posted by DJ2020

I can remember in the late 70's and early 80's just about all models sold under retail and secondary market (preowned) was at least half that.

Heck, I can remember a sales associate offering extra gifts along with a hefty discount just to sweeten the pot so to speak!

Of course the thing called Hype and internet was not invented yet. Ahh, the good old days!

I was getting 20% off SS professional Rolex just 8-9 years ago. Pretty much anything outside of GMT ceramic or Daytona. PM 25%+

[m j b]

Originally Posted by BillA

Sure SS Daytona and some other will always be hard to get.

What many youngsters don't realize is that Daytona rarity is not a new thing. They've always been limited in production, it just got worse when they came out with the ceramic bezel and for some reason, it became the thing to get.

[Bartolo]

Originally Posted by Mystro

Wait, why would you waist a sellers time for a watch you had no interest in buying??

He really taught that seller a lesson!!!!!!!

[mgsooner]

Hopefully prices stay "down" long enough to chase the gougers and posers out of the business of selling watches. Those doing honest business selling at fair prices will remain.

[Wrist King]

In Hk prices in grey dealers are $1-1.5k below on this forum. $12,300 for 12LV and $13,800 on Hulks


Sent from my iPhone using Tapatalk

[minute_man]

Originally Posted by Wrist King

In Hk prices in grey dealers are $1-1.5k below on this forum. $12,300 for 12LV and $13,800 on Hulks


Sent from my iPhone using Tapatalk

Was in HK last month. No bargains to be had, really.

[amh]

Originally Posted by mgsooner

Hopefully prices stay "down" long enough to chase the gougers and posers out of the business of selling watches. Those doing honest business selling at fair prices will remain.

I don't blame the Greys. Back in "the good old days" one could get any watch at 10-15% discount from places like Takuya, DavidSW, OCWatchguy etc. They were still making money. People only went to ADs for the champagne experience.

[2loaded]

Originally Posted by Calatrava r

There is no doubt the crowd willing to pay over retail for a used watch appears to be shrinking.

Indeed, I know some not willing to pay retail either.

[RichardBartlett]

Originally Posted by minute_man

Was in HK last month. No bargains to be had, really.

I was there early this year. Thought everything was over priced in relation to the rest of the world.. Same as Japan and Singapore lots of nice watches, no attractive prices