Any price drops ?????????

[bodybump]

Originally Posted by wolfgang427

Yeah and don't bet on it staying down for long, or you will lose that bet.

hahahaha i know wolfgang it seems like its a teaser!!!

[ArizonaHD]

Rolex is owned by a charitable trust, they have huge, untold cash reserves. If anything they will produce fewer watches, I see prices holding. I highly doubt price reductions will occur. But I was discussing the matter with a friend, he is hearing that discounting across the board will not be frowned upon like it was in the past. Do the math Rolex produces about 600,000 watches per year, and revenue was 3 billion in 03 (roughly $5,000 per watch)(how many price hikes ago?). What is the actual cost to produce the watch?? I believe that it is cheaper to produce now than it was in the 80's due to automation, cnc machinerey, gold is a variable but even a DD (Case, Bezel, Back) with a president bracelet only has 74.875 grams of pure gold a troy ounce is 31.1 grams so you are indeed buying the artistic value not the gold content @ $732 spot there is $1,762.33in gold in a DD/w president bracelet, and gold was high in the early 80's as well, the DD / President was a fraction of what it is now retail.

[antfer]

Rolex is already cutting down prices :

Business plan name : TUDOR

[hflee55]

i'll be happy if they don't raise the price never mind thinking about a price drop.

[DC watchman]

Originally Posted by rpryan55

I hope Rolex raises prices. For those of us that own them, the value of a pre-owned watch will plummet as more and more people sell the watches they own to get cash. But if Rolex holds prices, or, better yet, raises prices, then the flood of used Rolex on the market will not dillute the value as much.

Just my humble $0.02, tho.

Good point about the glut. I just sold a gently used 92% "z" 16610 the other day for 3950. This was not a bad deal because it represented $150 more than I paid for it last year.

I was nervous because there are way to many lnib condition sub dates floating around out there for $4,000 - $4200. So I priced it to sell. I really believe that in August before this financial meltdown started I could have gotten north of $4400 for ther same watch.

I think dealers get this and discounts are going to become easier to come by and Rolex USA will turn a blind eye to all but the most egregious cases.

[gone-rolex-mad]

It ain't gonna happen!

[mrsudz]

I agree they won't cut the price, they may maintain the price as is for a while to the market auto-corrects.

They were just increasing the prices here in the states so overseas buys dont fly in and fly out with a suitcase full of Rolexes.

[rpryan55]

Originally Posted by DC watchman

Good point about the glut. I just sold a gently used 92% "z" 16610 the other day for 3950. This was not a bad deal because it represented $150 more than I paid for it last year.

I was nervous because there are way to many lnib condition sub dates floating around out there for $4,000 - $4200. So I priced it to sell. I really believe that in August before this financial meltdown started I could have gotten north of $4400 for ther same watch.

I think dealers get this and discounts are going to become easier to come by and Rolex USA will turn a blind eye to all but the most egregious cases.

I hadn't thought at all about discounts being easier to come by, but this is an excellent point. With the glut of used watches on the market dealers will be forced to discount BNIB and, you're absolutely correct, Rolex will not care except in extreme cases. I might just be able to get that Yachtmaster II after all.......

[f16570]

Doubt they will reduce there retail.

[Perdu]

Originally Posted by cody p

they'll lower production before they drop price. they have the $$$ to weather this storm.

X2. Lower production. Constrain supply more.

[James T]

why do want a price drop anyway.... don't you want something that you have, in this case a rolex, go up up up up up and up in prices/value... heck, i'm wishing for the prices to go upwards...

[DC watchman]

I think the used values are starting to drop.....