The Watch Market Has Officially Peaked

[rollyp]

https://www.chrono24.com/info/watch-collection.htm

When you see stuff like this, you know prices have peaked for a good while!

[Chilly Coconut]

I’m not sure what your link is supposed to show (it doesn’t go to anything specific for me), but in my opinion, one can look no further than member dwjez14 for the biggest evidence of a market top that I’ve seen. I think by the middle of next year, we’ll be looking back at the Rolex bubble and fondly recalling the antics of our friend, “Top Tick Danny”.

[Dlong]

With the Dow going sub 20k in a few weeks, Pepsi’s will he had for 10% off.

[037]

Oh, good. Thanks for letting us know.

Can you predict when all the other silly topics will end as well?

[Calatrava r]

Echo the comments on the stock market. Party is over.

[dwjez14]

Haha top tick nice. Hey man I only paid a premium for my
Gmt and my sub green. I got my root beer at retail. I will have no regrets next year. I did not fall for the Pepsi or the Daytona stainless trap and pay double
Retail. I have actually been wearing my polar more than anything right now. I’m very happy with the watches I have for now. Just need another dd40 and I should be good. Your funny chilly ! I already made up with peter I forgot to Shoot you a pm also. Merry Christmas chilly to you and your family !

[thesharkfactor]

Originally Posted by rollyp

https://www.chrono24.com/info/watch-collection.htm

When you see stuff like this, you know prices have peaked for a good while!

Link goes to home page...

[Dlong]

Back in 1980 fresh out of college I got my real estate license. Was selling condos with 12 3/4 mortgages. The old folks would talk about the days of 5% mortgages. “ those days are over forever, you’ll never see that again “ they would say. THE ONE THING WE LEARN FROM HISTORY, IS THAT WE DON’TLEARN FROM HISTORY. A fool and his money are soon parted.

[dwjez14]

Originally Posted by Dlong

Back in 1980 fresh out of college I got my real estate license. Was selling condos with 12 3/4 mortgages. The old folks would talk about the days of 5% mortgages. “ those days are over forever, you’ll never see that again “ they would say. THE ONE THING WE LEARN FROM HISTORY, IS THAT WE DON’TLEARN FROM HISTORY. A fool and his money are soon parted.

I recall this for my dad. He got like a 10 or 11 percent rate I believe back in the op/ he was happy with that haha

[dwjez14]

Originally Posted by Chilly Coconut

I’m not sure what your link is supposed to show (it doesn’t go to anything specific for me), but in my opinion, one can look no further than member dwjez14 for the biggest evidence of a market top that I’ve seen. I think by the middle of next year, we’ll be looking back at the Rolex bubble and fondly recalling the antics of our friend, “Top Tick Danny”.

Chilly let’s be friends ? I have changed since the last time we talked I promise! I am over the hype now just enjoying my watches

[mray6375]

Oil has dropped from mid $70s a barrel in October to $43 today. The hunt for a stainless steel watch wil get easier in Texas if prices don’t rebound quick.

[rollyp]

When I click it, it takes me to the home page which has a Watch Collection Estimated Worth app, complete with graphs and everything. Just enter in your references and it's just like a stock chart. Ridiculous!

[dwjez14]

I can live with that. Great thing about our Texas economy
Is we hAve it all. Tech , oil , medical. God bless Texas !!

[springer]

Originally Posted by mray6375

Oil has dropped from mid $70s a barrel in October to $43 today. The hunt for a stainless steel watch wil get easier in Texas if prices don’t rebound quick.

That's great to hear. Send me directions to the deals from Southlake.

[HogwldFLTR]

Silly link; obviously trying to push watches as investments and posted by someone who see the end in sight.

[mray6375]

Originally Posted by springer

That's great to hear. Send me directions to the deals from Southlake.

Great to hear unless you work in the energy sector.

[Laszlo]

Funny how dreamers will keep on dreaming. Party’s over kids.

[Chilly Coconut]

Originally Posted by dwjez14

Haha top tick nice. Hey man I only paid a premium for my
Gmt and my sub green. I got my root beer at retail. I will have no regrets next year. I did not fall for the Pepsi or the Daytona stainless trap and pay double
Retail. I have actually been wearing my polar more than anything right now. I’m very happy with the watches I have for now. Just need another dd40 and I should be good. Your funny chilly ! I already made up with peter I forgot to Shoot you a pm also. Merry Christmas chilly to you and your family !

And to you and yours!

[lenfried29]

Originally Posted by rollyp

https://www.chrono24.com/info/watch-collection.htm

When you see stuff like this, you know prices have peaked for a good while!

Cool
Better then current stock market

[rollyp]

Originally Posted by lenfried29

Cool
Better then current stock market

And most likely will remain that way. Stocks are going to have a very rough few years.

[enjoythemusic]

Will be nice to have a good selection again at dealers

[Andad]

Originally Posted by springer

That's great to hear. Send me directions to the deals from Southlake.

Keep me in the loop John.

[TswaneNguni]

Great grand pop used to say ...(roughly translated)

When money is plentiful,keep it
When money is scarce,push it

Hope you have the cash to push when the time comes .....

The rhythm of the world is cyclical

[Reddy_Kilowatt]

Originally Posted by Chilly Coconut

I’m not sure what your link is supposed to show (it doesn’t go to anything specific for me), but in my opinion, one can look no further than member dwjez14 for the biggest evidence of a market top that I’ve seen. I think by the middle of next year, we’ll be looking back at the Rolex bubble and fondly recalling the antics of our friend, “Top Tick Danny”.

The link is for an app that tracks the value of your "portfolio" of watches. Pretty absurd, but far from an indicator that a peak has been reached.

[Patton250]

I love all you pessimistic people. So it’s now 10 years of a crappy economy and the 2 years of an awesome one then back to crappy???? The last boom lasted from 1983 until 2007 with only a couple of bumps in between. But no more says the watch hobbyists. Lol. Just tell who will win the Super Bowl and I’ll be impressed. I never really did believe in seers.

[TswaneNguni]

Question : The recession of 2008,also called the great recession,how much did Rolex pricing drop at the AD ?
Second question: How much did pricing in the pre-owned market drop ?

[Reddy_Kilowatt]

Originally Posted by Patton250

I love all you pessimistic people. So it’s now 10 years of a crappy economy and the 2 years of an awesome one then back to crappy???? The last boom lasted from 1983 until 2007 with only a couple of bumps in between. But no more says the watch hobbyists. Lol. Just tell who will win the Super Bowl and I’ll be impressed. I never really did believe in seers.

Your analysis of which years were good and which were bad is... interesting.

[TimeToWatch]

Originally Posted by Patton250

I love all you pessimistic people. So it’s now 10 years of a crappy economy and the 2 years of an awesome one then back to crappy???? The last boom lasted from 1983 until 2007 with only a couple of bumps in between. But no more says the watch hobbyists. Lol. Just tell who will win the Super Bowl and I’ll be impressed. I never really did believe in seers.

10 years of a crappy economy? Where have you been? The bull market started in ‘09 - we’ve had a 10 year bull run.

I also think you may be forgetting ‘87 and ‘00.

[Spencer]

Originally Posted by TswaneNguni

Question : The recession of 2008,also called the great recession,how much did Rolex pricing drop at the AD ?
Second question: How much did pricing in the pre-owned market drop ?

None.

Sure most SS models could be found in the case (still was impossible to get a Daytona), and you "may" be able to get a modest discount (no tax to 10%), but don't think or pretend all of a sudden desirable SS watches will be plentiful and being offered at a discount. If anything the asinine prices people are asking for GMT's, Daytona's, etc will drop substantially and MSRP on most models will hold steady for a while.

[Patton250]

Originally Posted by TimeToWatch

10 years of a crappy economy? Where have you been? The bull market started in ‘09 - we’ve had a 10 year bull run.

I also think you may be forgetting ‘87 and ‘00.

There are lots of other indications of the economy besides how the top .1% manipulate the stock market using the populations retirement money to futher enrich themselves. I wouldn’t let those few that really know what’s going on playing with your money get you too concerned. When they are ready the stock market will clime again.

It’s been since 2005 that I’ve seen the job market like this.