Market down, who wants to pay the premium

[911NBK]

Originally Posted by rollyp

The level of complacency regarding the stock market is astounding. And a prolonged decline will absolutely affect prices of all collectibles, including watches of course. A large part of the run up in prices of watches (and everything else for that matter) is all the easy money that has flooded the monetary system since 2008. All our Fed knows how to do is inflate new bubbles when one of them pops. This time is no different, except eventually we'll get to a point where the whole charade doesn't work anymore. That's when things will could get really nasty.

Just be liquid for when the nastiness starts.

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[YGRLX]

Originally Posted by kitsgq

I don't understand why you were considering buying a 116500 black dial for 21.5k usd when you posted in a past thread you declined the same watch from at retail last month because you were holding out for a white dial? Going from declining the watch outright at retail then considering paying 21.5k seems like quite the change of heart!

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I want both, and I rather buy the black at grey prices and the white at retail. You’re quite the detective though!

[MinMay]

21k is penny for most people in this hobby lol. When the market crash the rich will enjoy the same fine dining and spending luxury like today.

And majority of the rich don’t have time to read forum. They’re busy enjoying life and making more money.

[Cantab]

It's interesting that the ratio of positive to negative on pricing is overwhelmingly favorable.
I would hazard a guess that there is a lot of confirmation bias in these opinions. What lies ahead? Beats me. However, nothing goes up forever.

[Boaters]

Personally, I don't think that is relevant to a certain extent, sure if was like the depression area but not 5 or 6 hundred points.

[rayt]

They can have all the Daytona C. No way il pay premium .

[Keepchasing]

Originally Posted by 911NBK

Just be liquid for when the nastiness starts.

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I agree and am in total cash.
Don’t care if I miss out on any more upside.
When the next correction hits, I’ll be ready.

[911NBK]

Originally Posted by Keepchasing

I agree and am in total cash.

Don’t care if I miss out on any more upside.

When the next correction hits, I’ll be ready.

I believe that's correct thinking. Logically there seems little upside left to go and get and a whole lot of downside risk potentially. Doesn't mean rolex prices will correct as stated by other members. I wasn't into watches back in 08 but I was into cars and honestly, the market corrected slightly but premium stuff didnt really move. Other members have stated similar experiences with respect to watch prices back then, no real dip.

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[kitsgq]

Originally Posted by YGRLX

I want both, and I rather buy the black at grey prices and the white at retail. You’re quite the detective though!

No, not quite the detective. But you can appreciate how declining a black dial at retail price 30 days ago then expressing interest at buying the same watch at the afformentioned premium may look odd to some. At any rate, I mention this simply because I recall your post in a previous thread. From someone who has both references you can't go wrong with either. Best of luck with your purchase.








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[johnjm]

Originally Posted by kitsgq

I don't understand why you were considering buying a 116500 black dial for 21.5k usd when you posted in a past thread you declined the same watch from at retail last month because you were holding out for a white dial? Going from declining the watch outright at retail then considering paying 21.5k seems like quite the change of heart!

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He is not being truthful about last month.


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[RyanO]

Originally Posted by Keepchasing

I agree and am in total cash.

Don’t care if I miss out on any more upside.

When the next correction hits, I’ll be ready.

I have some dry powder waiting as well. Expecting more volatility in the markets. Hoping to be able to go bargain shopping soon.


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