Vintage Rolex market during Great Recession of '08/'09?

[greekbum]

High end new luxury watches (Patek, AP, Hublot etc) were selling like hot cakes in Russia and China for a good 5-8 years. Easy money and corruption imho were the main reason. That game IMHO is over and won't come back anytime soon. Crisp vintage rolex are few and always in demand but they to can take a big hit as they have skyrocketed in recent years due to supply and demand.

[jfmiii]

Originally Posted by greekbum

High end new luxury watches (Patek, AP, Hublot etc) were selling like hot cakes in Russia and China for a good 5-8 years. Easy money and corruption imho were the main reason. That game IMHO is over and won't come back anytime soon. Crisp vintage rolex are few and always in demand but they to can take a big hit as they have skyrocketed in recent years due to supply and demand.

Nikos, I know you are a dealer and if you dont want to answer what you are seeing in the mkt, I understand but i have to ask; are you seeing any noticeable difference in wholesale prices, retail prices, buyer inquiries etc in the past 2 weeks? thanks for your input!

[brandrea]

Originally Posted by QueueCumber

He's just using big words he doesn't understand...

[greekbum]

Originally Posted by jfmiii

Nikos, I know you are a dealer and if you dont want to answer what you are seeing in the mkt, I understand but i have to ask; are you seeing any noticeable difference in wholesale prices, retail prices, buyer inquiries etc in the past 2 weeks? thanks for your input!

I am a serious long term collector and dealer for the last 7-8 years. I have had several gone silent emails, cancelations, and give me some time from ASIA the past 2 weeks and i have had several high end sales there as well. Its like this if its a rare crisp watch it will always sell. But my personal opinion is and has always been the junk is always in demand and will always sell. The crispis always in demand and will always sell its the mid range that is and always will be weak and hard to price and move.

[QueueCumber]

What's going on, jfmii? Are you looking to buy or sell something and want to max out the value?

There are some pieces that I doubt will go down in value over the next few years, despite the market dips, assuming the world markets don't fail completely and land us in World War III. Too many people are hoarding the rare high quality pieces right now, and plenty of people are in the wings waiting to pick them up if they go up for sale.

[jfmiii]

Originally Posted by QueueCumber

What's going on, jfmii? Are you looking to buy or sell something and want to max out the value?

There are some pieces that I doubt will go down in value over the next few years, despite the market dips, assuming the world markets don't fail completely and land us in World War III. Too many people are hoarding the rare high quality pieces right now, and plenty of people are in the wings waiting to pick them up if they go up for sale.

to be honest, yes and no. i have been looking for something for a while and would like to buy at the lowest price possible. but, we are talking about a $7k watch. even if the market is soft, id maybe be saving 5-10% by finding a worried seller. moreso, i love the intricacies of markets and watching the vintage watch market (not just rolex) go bonkers over the past 5-7 years has made me wonder how much of this has been due to the wealth effect that a rising stock mkt has created. im sure it is a bit of both but like art, collector cars, homes, etc, i dont think vintage rolex is immune to financial asset price decline. at the very least, it is interesting hearing what other's opinions are on the matter; i realize that no one on here has a crystal ball.

[QueueCumber]

Honestly, while the lower demand and higher yield pieces may dip with the market, I doubt they will dip and not recover to new highs. They just can't make more of these things. Unless Rolex disappears as a company overnight, I think vintage Rolex will track with vintage car brands that share a similar iconic status.

http://www.foxbusiness.com/industrie...es-rev-higher/

[cvbchvj]

If it was indeed a correction at all, this would have been more widely known. I am not aware of any correction. The only "correction" I am aware of, is that the "annual" normal Rolex price increase during those years didn't happen.

[RolexJNJ]

Originally Posted by QueueCumber

Honestly, while the lower demand and higher yield pieces may dip with the market, I doubt they will dip and not recover to new highs. They just can't make more of these things. Unless Rolex disappears as a company overnight, I think vintage Rolex will track with vintage car brands that share a similar iconic status.

http://www.foxbusiness.com/industrie...es-rev-higher/

Have to agree with Q here...vintage prices can only continue to rise. Supply is shrinking, demand is growing and lots of new collectors are jumping into vintage every day.

Web frenzy and high-end auctions keep pushing prices up. On top of that, the very best pieces are being hoarded by collectors and dealers.

I can't think of any other asset class now that offers the safety and return of Vintage Rolex...not to mention enjoyability!!

[bobswatches]

Vintage Rolex watches market: great discussion board and great comments guys. From my personal observation, there were some deals at 25-50%, esp on the lower end, but they dried up pretty quickly. it was indeed a good buying opportunity.... as a comparative, i think GE stock was down to $2.50. Its now at $25.50 today.

[jfmiii]

http://www.bloomberg.com/news/articl...bal-art-market

bumping this thread for some mental masturbation...