Watch pro say prices are cooling

[upsidedownbelt]

Originally Posted by RealMadrid1988

Don’t think anyone said a full-on crash was coming. In fact, someone said pretty clearly they expected a “softening” rather than a crash. Mass produced goods like steel watches tend to not just balloon in price indefinitely, so that’s a perfectly rational conclusion. The idea that people will begin redirecting some discretionary income towards things like vacations and away from Rolex is an equally rational proposition. And last year’s incorrect predictions reflected a misunderstanding of the pandemic more than a misunderstanding of watch prices — the people who were the most financially impacted by the pandemic were by and large not in the market for Rolex watches to begin with. If a 2008-like recession were to hit — and let’s pray that it doesn’t anytime soon — Rolex prices will indeed crash. That’s just a fact.

This.

[bob sims]

Originally Posted by Marcjvr

Wouldn’t expect the price of a mass produced item to keep rising forever.

The house I live in was bought new in 1968 for 14K, "a mass produced item" as part of a subdivision.
It is now worth 420K...
That is close enough to "forever" for me.

[Marcjvr]

Originally Posted by bob sims

The house I live in was bought new in 1968 for 14K, "a mass produced item" as part of a subdivision.
It is now worth 420K...
That is close enough to "forever" for me.

Lol ok…

[Lukebennett21]

Originally Posted by bob sims

The house I live in was bought new in 1968 for 14K, "a mass produced item" as part of a subdivision.
It is now worth 420K...
That is close enough to "forever" for me.

Yeah but you know a grey isn’t gonna offer you that. Wait we are still talking about watches right?

[piglet]

Funny how those who spent top dollar don’t want to see a dip in prices and those in the hunt can’t wait for the prices to right themselves. Classic buy low and sell high Dilemma (LoL).

[sond86]

Interesting. But how come dealer cases are still bare?

[Chiboy]

Originally Posted by sond86

Interesting. But how come dealer cases are still bare?

Because gray prices are higher than MSRP?

[Thebuzz]

(Most) People are focused on enjoying their summer. Less demand.


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[Sub*Man]

Originally Posted by jb335

I too think there has been a cool off on SS ceramic Daytonas, both dials. I feel like the white was rapidly approaching 40k and has since come back down to 35/36k, and the black dial is closer to 30K.

That said, I think we are fulling ourselves if we think there is any crash coming. Slight corrections maybe but the market of 2016 is not coming back any time soon.

I agree with this. White disks have plateaued and Black dials are pulling back slightly. I think a minor soft correction is all we will see, and we very well could be in the middle of that right now. Daytona’s will always be $30k + on the grey moving forward, and if they discontinue, to the moon, because only the major players would get their hands on the new model. Supply would simply be non-existent.

[warren G.]

Ha.. one can hope. I don't think we won't see a straight up crash anytime soon. I would say like most consumer goods, demand is generally soft during the summer. That + people are going nuts on summer vacation. On a unrelated note, if you have a car.. it's a good time to sell that lol.

[Fleetlord]

Summertime blues. Happens every year....especially this year as there was no "summer" last year.

Then prices will rise up again in the fall / winter for the holidays.

[Madman37]

Originally Posted by Giangos

Yes, the posts read similar to those around March last year. Global pandemic! Prices crashing, Greys dumping stock etc.

That lasted about 3 weeks.


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Yep and you all can email the writer of the article of Watchpro and tell them how dum they all were if they are wrong lol

[SLWoodster]

someone shoot the messenger. another meaningless thread about prices.

[Madman37]

Originally Posted by SLWoodster

someone shoot the messenger. another meaningless thread about prices.

The price ones are always the ones that have 3 pages of replies. It’s because people don’t care about prices they love their watches.

[huba01]

Originally Posted by enjoythemusic

Coming Soon: Buy a Rolex, get a Tudor FREE!

Like it

[rambo99]

Originally Posted by Fleetlord

Summertime blues. Happens every year....especially this year as there was no "summer" last year.

Then prices will rise up again in the fall / winter for the holidays.

really? then i better get the ss daytona now.

[peterpl]

I think we are seeing a pullback.

Prices have gone berserk as of late. Its just not worth it and its gotten to a point the VERY hard working average Joe cant even afford a simple 3 hand SS watch after saving for 10+ years.

I love watches and honestly I love to see my watches increase in price - BUT......i want the prices to drop also. Its just ruining the hobby now. Every single person is just a watch speculator and trying to make a few $$$ grand here and there.

No one actually loves watches these days.

[grimps]

If you paid retail price you'll never have anything to worry about

[330ci]

Originally Posted by the dark knight

Lately I felt like I noticed a slight softening for the black dial ceramic Daytona (not sure about the white) and also Subs.

Also seems like Exp IIs are languishing, although I'm not convinced anyone actually bought any at the crazy inflated prices since the rumors that they would be discontinued in current form.

Only watch i want is a polar EXP 11, I was ready to drop $9k an a 00 a few months back until they couldn't come up with the papers. Its still there, most of the watches around it had changed though

[padi56]

Who or what is watch pro, is that one of these clickbait sites on Youtube.

[xeal]

They are definitely softening in my part of the world, heavily in comparison to 3 months ago.
I believe the prices will globally continue to soften / correct. Still well well above retail / 2 X retail or so? Yes, but not at these prices thats for sure.

Not a bubble burst, but a solid correction.
If you've paid crazy premiums in hopes to make a buck, you will not be pleased.

[Master_Grogu]

Originally Posted by padi56

Who or what is watch pro, is that one of these clickbait sites on Youtube.

Probably one of these praised members who get their own sub forums in the for sale section ?

[PepsiBezel]

Originally Posted by Thebuzz

(Most) People are focused on enjoying their summer. Less demand.


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Just from my anecdotal experience as a Rolex fan — since the craziness began a few years ago, it seems prices lull/dip heading into August, then slowly climb again heading to Christmas, dip again by mid-Feb, and then climb heading into (formerly) Basel.

[eleven11prints]

Merely a plateau on what is still a very high current price. It is a levelling after the spike, which appears to be maintaining. The prices aren't coming back down to where they were, so the price will remain at the current market rate until someone has the cajones to sell at a lesser price....which they won't if they can get the going rate.....

[garyk]

I hope eventually market conditions reverse somewhat by increasing supply while decreasing demand. Empty Rolex retail cases seem to be sticking around. Hope not but haven’t seen anything to change this.

[BroncoOne]

Prices have moved small amounts up and down over the past few years.
It’s not a softening. It’s small reactions to market conditions in the secondary market.

It’ll only when flippers see op flipping watches that they buy at MSRP will you see a real softening on the secondary market.

But then again, that would make watches on the secondary market less available because people who buy at MSRP that keep the watches reduce the supply available at gray market sellers. That could easily make them much more expensive.

So anyone who predicts pricing moves in the internet has no idea what they are talking about. Also remember that a broken mechanical watch/ clock is always right twice a day, but it is still useless

[xeal]

Originally Posted by HarryFlashman

Just from my anecdotal experience as a Rolex fan — since the craziness began a few years ago, it seems prices lull/dip heading into August, then slowly climb again heading to Christmas, dip again by mid-Feb, and then climb heading into (formerly) Basel.

Agree with this 100%, except the unprecedented increase this past year will not end sell for alot that are paying silly prices in hopes to sell later.
Prices will NOT burst by any means, but they will continue to soften and stabilize at fairly well below current listings.
Once a market panic starts, it is contagious and spreads very quick. Prices will stabilize at likely something like $29-$30K for a panda for example. IMO

[Speedbird-1]

I'm waiting for the big hit of 'buyers remorse' on all these 'Johny-come-lately' Rolex 'fans'.

Then we can all swoop in, and,..... clean-up!

[GST15]

If you buy watches as a collector, and not a speculator, you're are not concerned with price fluctuations. If you are patient, and pay MSRP for the watches that you truly want, you will never get burned with Rolex. If you bought your grail watch at a higher price, good for you. You are going to keep it forever anyway. Watches are not a commodity for most of us.

[DRuss]

Yes, I noticed this too when I last visited my AD window shopping.