Prices Dropping?

[broham84]

Dude is a joke, bought and sold a few cheap and unwanted pieces with his even worse partner John P think they are watch dealers lol.

Stick to those penny on a dollar pieces from the bottom of the barrel watch trade.

[rolexgiants]

Originally Posted by drtii

That chubby mouth breather is obnoxious AF. And his agenda is selling watches with his partner. They make a ton of money and building his credibility/getting clicks is the number 1 priority.

Ton of money?? That’s relative.

[zengineer]

Well, of course they are dropping if we are talking asking price. The strategy is keep raising it until sales slow down. At some point they went too far and will creep down to where they still sell in a reasonable time. You won't ever see dealers do a price drop. They just let the thread fade away and come back with a fresh one a few months later. Current prices outside an AD, even if they are a hair off the peak (and do we really know if that many actually sold at the stratospheric prices they were listed at a few months ago?) are simply too high for these watches, nothing changed about the watches...why would anyone feel good paying 50% more today?

Those that have this weird (to me) "time is money" rationalization down can keep buying them. I'm sitting this one out.

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[brucethemanlee]

I like the guy he does make some interesting vids. although he's a "dealer" and knows market prices and selling and may pick up on trends earlier than others - at the end of the day he doesn't know and is a best guess (at best).

Two of his videos - highlighting Rolex predictions:

1) He said crazy for people to buy the Daytona SS over list at $18k and said it would crumble back down to earth (time stamp 3:23) and just be patient. Well, we all know how wrong that prediction was. Today the Daytona SS $29k (davidsw). Assuming white dial because the pic in his vid was white dial.

https://www.youtube.com/watch?v=LV6ehpbPUUA&t=269s

1) In July 2018, he said BLRO has dropped in price from $20k to $18k over past several weeks. And prices are going "down FAST" and prices will keep crumbling down. Today BLRO is $19k-$18k (davidsw)

https://www.youtube.com/watch?v=fMtZdjg0BWo&t=237s

So who really knows where Rolex market is going. Yes everything that goes up so quickly will probably come down. But just like some stock gurus who predict market crash every quarter or every year on TV. Year after year for the past 10 years. Sooner or later the gurus will be RIGHT and will see a correction. But taking saying it every year and then eventually it happens in one particular doesn't make you smart.

Just like a broken mechanical watch. The time is correct twice a day ;-)

[doboy007]

I think the OG BLNR price has come down a bit.

[BMW Guy]

In a way it's good to see price drop, time will tell if it's a trend or not.
When I was looking for my two tone 126603 David SW had one for sale at $20500 way overpriced for that model, well at least IMO.

Today the 126603 is $17375, that's a significant drop.
https://davidsw.com/watches/rolex-wa...weller-18k-ss/

[Luap1976]

Jp is a young noob and don't know about Rolex watches at all his vids are a joke

[brucethemanlee]

Originally Posted by Luap1976

Jp is a young noob and don't know about Rolex watches at all his vids are a joke

yeah agreed. he keeps saying he has this computer algorithm/database or some BS to predict market value or something like that.

bunch of BS. if his was really good with a computer model predicting prices he should be working at investment bank earning $10M per year.

[crazymcmichael]

Originally Posted by watchmework

This video has about the same amount of truth as the “my ADs told me...” threads.

Have u seen those videos from the guy who is a watchdealer but used to be a ''AD'' as he says? He phones dealers to get a ss watch it is hilarious i forgot his name though

[Harry-57]

Opinions. Everybody has them. Everybody is entitled to them. Everybody is entitled to share them. Having a YouTube channel doesn't make someone's opinion worth more than anyone else's. Possible less, because they have to make up click bait to keep people coming back.

WF videos are interesting because they are about watches. Chanels like EWC and Watch Box (to name only two) do good reviews where you can actually see a watch you are interested in, as opposed to someone's face for 20 minutes. I don't know why anybody bothers to watch the self aggrandising paddlers of twaddle . They don't have a life. What's your excuse?

[unknown]

that guy is a joke

best thing I heard is probably this

Him telling Patek made over 100.000 Nautilus 5711

starts at minute 5


https://www.youtube.com/watch?v=BmZ11fTW2wM




More than 100.000 steel 5711

[Jamie1111]

Pretty sure most of the youtubers (especially the ones who have ROLEX on most of their video titles are clickbaiters and just making pointless content.
In my opinion.


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[shafran]

I have spoken to a few dealers over the last few weeks, and they have lowered their prices on the batman, both new and old versions. They are still way over list, but a great deal less than last year.

[Rolex Essex]

Originally Posted by GB-man

Rather jump off the brooklyn bridge than listen to that fool for 30 seconds.

LMFAO

[interestedwatcher]

Undervalued, fairly valued and over valued.

Where does a BLNR sit on that scale? I would say very close to over valued.

It's a good time to buy any watch but a Rolex Steel Sports at the moment haha

[dtwer]

He be like the fortuneteller who tells people: “you will have opportunities to profit from investing your money, if you do it wisely.” Well no shit, I never knew!

[Etschell]

Federico is fine and he is no moron. I've tracked him for a few years. He generally gives sound advice in his q and a sessions and has a great attitude.

It is the summer lull. Happens every year I've been tracking since 2015. And yes prices did soften a bit on some models including the new blnr. Remember dealers wanted 24k. No where close to that now.

Of course YouTube is no more than a marketing ploy and extra income potential. That is every single person on YouTube who posts regularly. Just think fools like Kevin o'Leary are now YouTubers.

[TswaneNguni]

Grey buyers will love this guy ...

[HogwldFLTR]

It's just a come one for his web site Doe Re Me.com.

[time_and_cars]

Originally Posted by GB-man

Rather jump off the brooklyn bridge than listen to that fool for 30 seconds.

Amen

[mactruck]

At least AC3 is funny. This guy?

[Rado63]

The inventory of each reseller seems to be getting larger. More watches in the hands of few re sellers means the prices will probably stay up. If you look at Fed's inventory, it's pretty low, so of course he would like prices to be dropping. That's my guess.

[AznD85]

Prices still dropping?

[J.P.Jones]

Originally Posted by billfredericks

Fed just wants to pay less.

Eat less, I'd say.

[peterpl]

Originally Posted by AznD85

Prices still dropping?

Inventory moving very very very slowly and often now with many prices drops.

Market is weakening and has been for several months now.

[Mystro]

Is this video a joke? “Summer watch slump”? That’s like saying.......low Black Friday participation at Walmart.

Watch prices always tick lower in the fall then rebound before Christmas. Spring and early summer prices are right back up again.

[Sandpit]

Originally Posted by Mystro

Is this video a joke? “Summer watch slump”? That’s like saying.......low Black Friday participation at Walmart.

Watch prices always tick lower in the fall then rebound before Christmas. Spring and early summer prices are right back up again.

Are they? Because that’s not what I’m seeing

[dnpina]

When someone said "fool" I thought it was the governor's governor. I'm sure the Fed would love to buy up your Rolex at these new low market prices.

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[daOnlyBG]

Originally Posted by pepsiretail

More pathetic click bait.

He said the opposite the last few weeks.

What does anyone see in the phoney opportunist?