Prices not dropping?

[grimps]

If you paid $25000 for a Pepsi today and wear it everyday for the next 5 years I'd be sure that you'll get your money back.
Anyone that paid retail wont have to worry either , they only people that will be worried are dealers sat on lots of stock they paid high prices for

[agsstructures]

Originally Posted by rolexpatek363

Irrelevant, I'm looking at trends, and even if prices on C24 are "all super inflated", the price trend - up, down, or flat - is the same.

Some Rolex models do show a decline on C24, others are flat, and others are going up.

Going up lol!

[rolexpatek363]

Originally Posted by David001

Anyone with any kind of conscience shouldn't be trying to perpetuate the myth that all Rolex are investment watches

Agreed, however one of the big selling points of Rolex watches is supposedly that "you won't lose money on them". This has never been true for PM and TT Rolexes, but has nearly always been true for the steel models.

[rolexpatek363]

Originally Posted by agsstructures

Going up lol!

yep

[Mathematoxic]

Originally Posted by rolexpatek363

yep

Better buy these models now before they go further up!

[Moondoggy]

Originally Posted by rolexpatek363

yep

And push it a bit but you are getting embarrassing and it doesn’t suit your avatar.

[rolexpatek363]

Originally Posted by Moondoggy

you are getting embarrassing

Hi there, thanks for the kind words. Click this link, click on any Sub Date you see, and scroll down to the graph.

https://www.chrono24.co.uk/rolex/sub...id23605076.htm

[johnwigan]

Originally Posted by grimps

If you paid $25000 for a Pepsi today and wear it everyday for the next 5 years I'd be sure that you'll get your money back.
Anyone that paid retail wont have to worry either , they only people that will be worried are dealers sat on lots of stock they paid high prices for

Maybe, you'll get you money back. Maybe not. This assertion is really just considering the last few bubble years when prices have shot up. If you pay x3 the retail price it is not guaranteed at all you will get your money back in 5 years. If these are available new from ADs will someone pay x3 retail price for a 5 year old watch?

[sneakertinker]

If you bought into Rolex, a mass produced luxury watch brand, as being this almighty ~ holds it’s value no matter what ~ type of thing then that was strike number 1. If you’ve let the self perceived value of whatever pieces you have inflate along with this post-COVID market then that’s mistake number 2…If you can’t see that the market is correcting itself and you might want to accept that your “collection” probably isn’t going to be as valuable as you once thought it would be, then that’s strike number 3. Maybe time to move on to other brands or outright find a new hobby and/or side gig…Whatever your stakes in this thing is…

Somewhere over the past five or so years people forgot that walking into a Rolex AD and buying a Rolex watch came with an automatic discount and a bit of a loss as soon as you took the tags off or resized the bracelet. That’s how these grey dealers like DSW that get held in such high regard got started…Simply by buying an AD’s excess stock at a discount then sold on their own platforms at retail. What happened to set the market to where it was pre-COVID I have no idea. Fight it, argue about it, deny it, whatever but the market is changing like it or not. If this is an issue for you, at this point, Lord knows what the reaction will be if this ends up being a full on burst bubble sending this hobby back to what it was a handful of years ago.

Honestly there’s only a couple of reasons your going to complain about a market slide…Either you paid peak grey market prices and can’t reconcile that the pieces you own aren’t worth what you shelled out for them…Your a reseller who’s upset because the new market isn’t covering your stock cost…Or you ate up that false ~ Rolex is an investment ~ nonsense and believed you hit a gold mine by having a “collection” that would only ever increase in value. This is the type of stuff that had investors jumping from their office windows during the Great Depression. But guess what, the position you put yourself in is all on you.

[rolexpatek363]

Originally Posted by sneakertinker

Honestly there’s only a couple of reasons your going to complain about a market slide…Either you paid peak grey market prices and can’t reconcile that the pieces you own aren’t worth what you shelled out for them…Your a reseller who’s upset because the new market isn’t covering your stock cost…Or you ate up that false ~ Rolex is an investment ~ nonsense and believed you hit a gold mine by having a “collection” that would only ever increase in value. This is the type of stuff that had investors jumping from their office windows during the Great Depression. But guess what, the position you put yourself in is all on you.

I don't fit in any of your categories, and my sole point is that not all Rolexes are currently decreasing in market value, the "correction" is only affecting certain models at the moment. Future projections are guesses.

Steel Rolexes have for decades been thought of as a "safe bet" in that the buyer at MSRP is unlikely to lose money. That's not the same thing as seeing them as "an investment", though.

[HL65]

Originally Posted by rolexpatek363

I don't fit in any of your categories, and my sole point is that not all Rolexes are currently decreasing in market value, the "correction" is only affecting certain models at the moment. Future projections are guesses.

Steel Rolexes have for decades been thought of as a "safe bet" in that the buyer at MSRP is unlikely to lose money. That's not the same thing as seeing them as "an investment", though.

I don’t know who told you SS Rolex up until recent years went down 25% the second you walked out the door with the exception of the Daytona. Even that though had years where it was below MSRP. That is a fact that anyone that has been at this a long time can tell you. As for the recent decline in Rolex prices, they are down roughly 20% whether one chooses to accept and see that or not.

[AbeFroman]

Originally Posted by rolexpatek363

I don't fit in any of your categories, and my sole point is that not all Rolexes are currently decreasing in market value, the "correction" is only affecting certain models at the moment. Future projections are guesses.

Steel Rolexes have for decades been thought of as a "safe bet" in that the buyer at MSRP is unlikely to lose money. That's not the same thing as seeing them as "an investment", though.

Actually, I think you fit in his number 3 example.

Aren’t you looking to sell your 5712 next year at auction? I remember you stating so last week. Patek is going through its own corrections especially on their hyped model lines.

One can easily discern from your multiple posts in this thread you have a biased agenda in terms of market conditions.

[fsprow]

Personally, I wish the forum would either drop all posts related to price, or put them in a separate category. I check in less and less often because the content I value is less and less in evidence.

[rolexpatek363]

Originally Posted by HL65

I don’t know who told you SS Rolex up until recent years went down 25% the second you walked out the door with the exception of the Daytona. Even that though had years where it was below MSRP. That is a fact that anyone that has been at this a long time can tell you. As for the recent decline in Rolex prices, they are down roughly 20% whether one chooses to accept and see that or not.

I've been collecting for over 20 years, and have read that advice many times over the years in blogs, magazines, etc. High residuals are one of the "selling points" of Rolex and PP.

The current price drops appear to be in a small group of highly-sought after models such as the "Panda", but it isn't universal as far as I can see.

[Goin2drt]

Originally Posted by sneakertinker

If you bought into Rolex, a mass produced luxury watch brand, as being this almighty ~ holds it’s value no matter what ~ type of thing then that was strike number 1. If you’ve let the self perceived value of whatever pieces you have inflate along with this post-COVID market then that’s mistake number 2…If you can’t see that the market is correcting itself and you might want to accept that your “collection” probably isn’t going to be as valuable as you once thought it would be, then that’s strike number 3. Maybe time to move on to other brands or outright find a new hobby and/or side gig…Whatever your stakes in this thing is…

Somewhere over the past five or so years people forgot that walking into a Rolex AD and buying a Rolex watch came with an automatic discount and a bit of a loss as soon as you took the tags off or resized the bracelet. That’s how these grey dealers like DSW that get held in such high regard got started…Simply by buying an AD’s excess stock at a discount then sold on their own platforms at retail. What happened to set the market to where it was pre-COVID I have no idea. Fight it, argue about it, deny it, whatever but the market is changing like it or not. If this is an issue for you, at this point, Lord knows what the reaction will be if this ends up being a full on burst bubble sending this hobby back to what it was a handful of years ago.

Honestly there’s only a couple of reasons your going to complain about a market slide…Either you paid peak grey market prices and can’t reconcile that the pieces you own aren’t worth what you shelled out for them…Your a reseller who’s upset because the new market isn’t covering your stock cost…Or you ate up that false ~ Rolex is an investment ~ nonsense and believed you hit a gold mine by having a “collection” that would only ever increase in value. This is the type of stuff that had investors jumping from their office windows during the Great Depression. But guess what, the position you put yourself in is all on you.

This is just as big as a guess as the other side that claims the "investment" will be fine. You have NO CLUE either. This is just simply another opinion. You also probably thought that a white face Daytona gray price at $20K(double MSRP) was stupid especially as the pandemic was getting started and everyone thought the world was going to crash.

End of the day it is all opinion whether you think Rolex is a good buy or a bad buy. End of the day I could care less as MY OPINION is ANY watch is a stupid investment but plenty have made a living trading watches. Too each his own. I buy a watch because I like it at the price I am willing to pay for said watch. Sometimes below MSRP, sometimes at and sometimes above MSRP. I wear the crap out of them and keep most unless I fall out of love.

My point is to preach that YOUR opinion is the fact and that others is wrong, well plenty have proven your theory and OPINION absolutely false.

[rolexpatek363]

Originally Posted by AbeFroman

Actually, I think you fit in his number 3 example.

Aren’t you looking to sell your 5712 next year at auction? I remember you stating so last week. Patek is going through its own corrections especially on their hyped model lines.

One can easily discern from your multiple posts in this thread you have a biased agenda in terms of market conditions.

I'm thinking about selling it, but I'm certainly in no hurry. The only reason I'm selling is that in the ten years I've owned it, it has become very recognisable and is too valuable to wear.

I don't own any "hot" Rolexes (I have a 16610, 5513 and 114300) and have no plans to buy one.

[H25B]

Just a few years ago I sat at an AD, in Hong Kong, and negotiated a discount on a 116610 over tea.. I walked out because it wasn’t a big enough discount.

Anyone who thinks it can’t go back to that is a fool. NEVER PAY over MSRP for a luxury item.

[sneakertinker]

Originally Posted by rolexpatek363

I don't fit in any of your categories, and my sole point is that not all Rolexes are currently decreasing in market value, the "correction" is only affecting certain models at the moment. Future projections are guesses.

Steel Rolexes have for decades been thought of as a "safe bet" in that the buyer at MSRP is unlikely to lose money. That's not the same thing as seeing them as "an investment", though.

First your clearly hung up on the value of whatever pieces you have my friend…Simply because you keep reverting to this “safe bet” and “you won’t lose money on them” stuff. If your ultra focused on that, which your posts indicate that you are, then your absolutely thinking about the monetary value of whatever pieces you have. That’s absolutely investment minded thinking. By saying your buying a Rolex because it’s a financially safe but not investing in them is contradictory, but I digress…

By saying “safe bet” you mean over the past handful of years yes? Because prior to that Rolex being referred to as a “safe bet” was in correlation to other brands…I.E. if I buy a Rolex Sub I’ll only lose 15% once I leave the store where I’ll lose 30% + on that Omega Seamaster. That’s the way it was for decades. AND just to ad to that, it was hardly ever in the form of thinking about reselling or investing, but rather in the amount of discount you got from the AD. But again I digress…

The whole argument about prices not dropping perfunctory since it’s been shown multiple times in this thread alone that we’re seeing a correction. Youtube videos, postings for classifieds etc…all show it’s happening. That circles me back to the original point. In some form or fashion you have skin in this game as you said, to the extent that your here posting ad nauseam about how the prices aren’t dropping. I’m not sure if it’s a denial thing, if your trolling, if your worried about not being able to make sells. Whatever it is constantly ignoring what others are showing as proof, at your own admissions of asking for it, isn’t helping your cause. Whatever your connection to it is, is yours alone, but it’s obvious that your pushing back on it.

Anybody who’s in this for the watches wouldn’t be so adamantly defensive by the prospect of a market downturn. Getting the pieces you want for cheaper is an absolute reason to celebrate, not deflect. Which leads back to my original post. Your in this for the watches, or the money and it’s obvious where you fall. Again the reasons are yours alone deal with them how you like. Not going to post anymore on the topic since it’s become just mind numbing at this point…

To finalize this. The Rolex Submariner that isn’t dropping in price…Just had a sell on this forum from a reputable seller for $14,800.

https://www.rolexforums.com/showthread.php?t=853241

A quick cursory search on eBay for completed listing shows them going in the $15k ish range.

DSW, which seems to be the standard with which your holding, still has theirs at $19k+ (Peak COVID).

Make of that what you will. Godspeed and good luck.

[Wahlberg]

Well said.

I've seen too many people on here open their mouth that they aren't worried and not in it for the money but they keep posting and denying the prices are going down and making ridiculous jokes about it. They have already shown their true colours.

Those people know who they are.

[ts3]

Originally Posted by wahlberg

well said.

I've seen too many people on here open their mouth that they aren't worried and not in it for the money but they keep posting and denying the prices are going down and making ridiculous jokes about it. They have already shown their true colours.

Those people know who they are.

+1

[Flint]

Originally Posted by ts3

+1

+2

[nighthawk77]

I found it ironic that whilst reading this thread, the below email landed:




Sent from my iPhone using Tapatalk

[thenewrick]

I just like posting this every so often. I get a kick out of it. ;D

https://youtu.be/F8Cg572dafQ

[Bmats]

I’m more worried about the value of my 401k than my watch collection or the next one I will buy.

[sudo_root]

I find it amazing the “marketing machine” of the flex culture the past few years has managed to brainwash collectors into thinking their watches have “worth”. When in reality, accounting for inflation prior to the craze of the last few years, you absolutely did not retain value on steel sports models. In fact, even the Daytona started trading under sticker not that long ago. The reality is nobody wants to feel or look like a clown, but anyone who spent over MSRP is exactly that, someone that was fooled into believing a mass produced watch was a store of value let alone an appreciating asset.

[dwaine99]

Originally Posted by HL65

As for the recent decline in Rolex prices, they are down roughly 20% whether one chooses to accept and see that or not.

I contacted three "grey sellers" in the past two weeks to check their "buy" price for a "as new" Starbucks Sub 126610LV and received these responses.....

#1

Thank you for your inquiry. This is a great watch, but unfortunately, at this time, we are holding off on offers due to heavy stock. Once our stock depletes, we will notify you to see if any further interest, as we would love to get your watch in store. We hope to work with you in the near future, and we appreciate your inquiry.

#2

We have a full inventory but feel free to check back with us periodically.


#3

No response.


Don't plan to sell and happy I never paid more than MSRP......

[thenewrick]

I’m glad prices are crashing on everything. I suspect itll go down further as most purchases were made as investments/flips. As that becomes less of a thing we will see demand go down and availability increase. Great for me as a collector from AD only.

Hoping to see vintage pieces crash in price as well but haven’t seen that happening as strongly. But as I’ve predicted all along these 2015-2022 references are nothing special and made no sense for these years alone to start going 10x retail. Clearly beanie baby hype.

I suspect eventually it’ll all even out.

I think there’s a lot of millennials living through their first recession as an investor and panicking. After going through them before it just becomes a waiting game then a buying opportunity but no panic at all.

It’s the 20-35 year olds who put their inheritance in crypto and watches that will be feeling the heat.

Investing in memes and hype is fun until it’s not.

I’ve got about 6 or so watches on my radar and looking forward to crash and recession continuing so I have less wait times and more opportunities to buy at retail. Also wouldn’t mind picking up more real estate and other investments one day. Bring on the pain!

[temporarychicken]

Clearly a downward sentiment has afflicted the market

But if I walk onto any AD will I be able to buy anything?

[Notepad12]

Just had an email from Watchfinder, they are lowering prices.

Sent from my Pixel 6 using Tapatalk

[christian-h]

Originally Posted by temporarychicken

Clearly a downward sentiment has afflicted the market

But if I walk onto any AD will I be able to buy anything?

Little patience, mm yeah, mm yeah