ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

beshannon · 8 March 2023, 01:49 AM

Quote:

Originally Posted by Calatrava r

I have no idea what this thread is about. Demand at ADs continues to be strong and may be increasing. The tiny secondary market prices, relative to the new Rolex market, are no indication of what the new Rolex market is doing. By a wide margin most new Rolex buyers are end users and the bulk of used watches for sale are generally a year old or older. People sell stuff for many reasons. Boredom is a big reason. Thankfully they do or ADs would be the only source for recent Rolex models.

I completely agree. Sadly many believe anecdotal evidence with total conviction.

bigbaddom3 · 8 March 2023, 01:50 AM

A very accurate analysis of the Rolex market pattern.

brandrea · 8 March 2023, 01:54 AM

Quote:

Originally Posted by EEpro

Buy low, sell high.

Nailed it

rolexandlange · 8 March 2023, 02:02 AM

Congrats you sold at the all time high on 126610LV.

Between 1Jan2022 and the Ukraine invasion 24feb2022, prices absolutely exploded. End of December 2021, 116500 white dial was approaching 40k and that was nuts to me. In short order I had offers above $45k from dealers for mine. Was a brief, crazy window there where brand news were like $60k and aquanauts were $100k and we all agreed it made sense but weren't sure if anyone was really paying those prices. Oops.

The whole time I just wore my watches and still have them, no regrets and I can't invest any money to the Hindsight 20/20 hedge fund.

jb335 · 8 March 2023, 03:37 AM

Quote:

Originally Posted by Podmornica

Try offering a brand new 126710BLRO Pepsi to a grey dealer these days and tell me how that goes ..

Most of them will not even buy as they are full of stock ..

That is a terrible barometer for the market. Dealers are low-balling you on their buy price because they have moved to a consignment model and/or they can buy these watches wholesale from other dealers very easily when they have a buy order. They don't want to come out of pocket to stock watches, so that's why they are low-balling you. It's also the worst way for you as a collector to try and sell a watch.

I have only sold a few watches, one on consignment and a couple privately myself. Very easy and you will net way more than selling wholesale to a grey.

ts3 · 8 March 2023, 03:38 AM

Quote:

Originally Posted by atxwatch

i know this comment may be unpopular, but if you carry any credit card balances (independent of income btw), you have no business buying or owning rolex to begin with...

I would never buy any luxury item (cars, watches, etc) if i was already carrying high-interest rate debt or if the purchase made me take on high-interest rate debt.

Glad it all worked out.

100%

worldofoyster · 8 March 2023, 03:38 AM

good move

GGGMT · 10 March 2023, 10:20 AM

Watches have always been a great investment, and asset class, and always will be

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1665fan · 10 March 2023, 10:29 AM

Hulks are still 20k and probably back on the rise

EEpro · 10 March 2023, 10:46 AM

Quote:

Originally Posted by 1665fan

Hulks are still 20k and probably back on the rise

So it's not happening?

walds11 · 10 March 2023, 11:02 AM

Quote:

Originally Posted by EEpro

So it's not happening?

GGGMT · 11 March 2023, 02:54 AM

Quote:

Originally Posted by EEpro

So it's not happening?

So funny

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GGGMT · 11 March 2023, 02:55 AM

Quote:

Originally Posted by 1665fan

Hulks are still 20k and probably back on the rise

VTNRs seem steady

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Swiftneck · 11 March 2023, 06:42 AM

When an item increases from 20k to 30k (50%) within 6 months, i would say the prices are exploding. When they fall from 30k to 20k (33%), I would say the prices are imploding. But apparently, that's just a correction

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Vince_76 · 11 March 2023, 06:47 AM

Quote:

Originally Posted by Swiftneck

When an item increases from 20k to 30k (50%) within 6 months, i would say the prices are exploding. When they fall from 30k to 20k (33%), I would say the prices are imploding. But apparently, that's just a correction

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Yeah… funny how quick dealers were saying “to the moon”, but when the market equally turns in the other direction, all you hear is crickets.

CalSRQ1 · 11 March 2023, 06:52 AM

Just spoke with a local realtor/friend who said the following:

“Listings are way up, sales are really slow - but prices are holding”

Land_Jet · 11 March 2023, 09:32 AM

Quote:

Originally Posted by CalSRQ1

Just spoke with a local realtor/friend who said the following:

“Listings are way up, sales are really slow - but prices are holding”

My Realtor in SW FL said prices are falling and average accepted price is 40-50k under ask. This obviously is not the same everywhere across the USA.

BillA · 11 March 2023, 11:52 AM

I happen to know first hand there are some communities that are still selling homes way over asking price. The very high end is hurting. Midrange doing well because not only inventory is low, people who could qualify for million dollar homes when interest rates were low, cannot afford those big homes, and for pushed down to the middle section of prices causing too many potential buyers in that range.

rolex_pl85 · 11 March 2023, 03:35 PM

Homes are still selling for VERY strong prices.

Ppl comparing real estate to watches are in la la land.

GGGMT · 11 March 2023, 04:43 PM

Watches are a better asset class than r/e

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psm11 · 11 March 2023, 05:00 PM

Quote:

Originally Posted by rolex_pl85

Homes are still selling for VERY strong prices.

Ppl comparing real estate to watches are in la la land.

Crown & Shield · 11 March 2023, 08:45 PM

Quote:

Originally Posted by GGGMT

Watches are a better asset class than r/e

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Breaking news: watches are not an asset class. Neither is crapto.

EEpro · 11 March 2023, 09:09 PM

Quote:

Originally Posted by Crown & Shield

Breaking news: watches are not an asset class. Neither is crapto.

Wrong. Don't care to argue about it since the dictionary is available to you.

psm11 · 12 March 2023, 04:19 AM

Quote:

Originally Posted by EEpro

Wrong. Don't care to argue about it since the dictionary is available to you.

I think very few watches would qualify as an "asset" but the vast majority do not.

If you get a Rolex sub at retail for say $9k and 10 years later it is worth $12k is that really an appreciating asset (especially when you consider inflation and service costs)?

On the other hand, if you got a Jumbo for $20k and it's now worth $80k I can see that being considered an asset.

GGGMT · 12 March 2023, 05:14 AM

Wait what?? Watches are fantastic Investments and a great asset class. Mediocre as a hobby, however.

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EEpro · 12 March 2023, 05:18 AM

Again. Dictionary.

They are indeed assets. Not discussing whether they are your best investment vehicle.

GGGMT · 12 March 2023, 05:36 AM

Quote:

Originally Posted by EEpro

Again. Dictionary.

They are indeed assets. Not discussing whether they are your best investment vehicle.

Exactly. Definitely assets. Definitely investments. Just like my cars. Or pork bellies.

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AdamW · 29 March 2023, 06:54 AM

Imploded? When the grays go back to selling at or slightly below list, I'll know it's imploded.

psm11 · 29 March 2023, 12:26 PM

Quote:

Originally Posted by AdamW

Imploded? When the grays go back to selling at or slightly below list, I'll know it's imploded.

There are plenty of models at or below retail now.

RichardBartlett · 8 April 2023, 01:02 AM

Quote:

Originally Posted by JoeJoeBobo

Exactly what is happening with Rolex this year.

Link ?

12 March 2023, 05:18 AM	#56
EEpro 2024 SubLV41 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,243	Again. Dictionary. They are indeed assets. Not discussing whether they are your best investment vehicle. __________________ ♛ ✠ Ω 2FA Active

29 March 2023, 06:54 AM	#58
AdamW "TRF" Member Join Date: Oct 2007 Real Name: Adam Location: In my head Watch: this space Posts: 798	Imploded? When the grays go back to selling at or slightly below list, I'll know it's imploded. __________________ Adam " I don't have a microwave oven but I do have a clock that occasionally cooks $h!t" - Mitch Hedburgh

8 March 2023, 01:50 AM	#32
bigbaddom3 Banned Join Date: Jan 2013 Location: United States Posts: 92	A very accurate analysis of the Rolex market pattern.

8 March 2023, 02:02 AM	#34
rolexandlange "TRF" Member Join Date: Apr 2022 Location: Portola Valley Posts: 260	Congrats you sold at the all time high on 126610LV. Between 1Jan2022 and the Ukraine invasion 24feb2022, prices absolutely exploded. End of December 2021, 116500 white dial was approaching 40k and that was nuts to me. In short order I had offers above $45k from dealers for mine. Was a brief, crazy window there where brand news were like $60k and aquanauts were $100k and we all agreed it made sense but weren't sure if anyone was really paying those prices. Oops. The whole time I just wore my watches and still have them, no regrets and I can't invest any money to the Hindsight 20/20 hedge fund.

8 March 2023, 03:38 AM	#37
worldofoyster "TRF" Member Join Date: Nov 2019 Real Name: Vincent Location: 215 Watch: SS Sub Posts: 2,361	good move

10 March 2023, 10:20 AM	#38
GGGMT 2024 SubLV41 Pledge Member Join Date: Aug 2013 Location: Itinerant Watch: 79010sg Posts: 8,345	Watches have always been a great investment, and asset class, and always will be Sent from my iPhone using Tapatalk

10 March 2023, 10:29 AM	#39
1665fan "TRF" Member Join Date: Oct 2017 Location: East coast Posts: 6,660	Hulks are still 20k and probably back on the rise

11 March 2023, 06:42 AM	#44
Swiftneck "TRF" Member Join Date: Sep 2020 Location: denmark Posts: 197	When an item increases from 20k to 30k (50%) within 6 months, i would say the prices are exploding. When they fall from 30k to 20k (33%), I would say the prices are imploding. But apparently, that's just a correction Sendt fra min SM-F711B med Tapatalk

11 March 2023, 06:52 AM	#46
CalSRQ1 2024 SubLV41 Pledge Member Join Date: Nov 2016 Real Name: Chris Location: Florida USA Watch: 5513 Posts: 719	Just spoke with a local realtor/friend who said the following: “Listings are way up, sales are really slow - but prices are holding”

11 March 2023, 11:52 AM	#48
BillA 2024 Pledge Member Join Date: Mar 2007 Location: US Posts: 3,877	I happen to know first hand there are some communities that are still selling homes way over asking price. The very high end is hurting. Midrange doing well because not only inventory is low, people who could qualify for million dollar homes when interest rates were low, cannot afford those big homes, and for pushed down to the middle section of prices causing too many potential buyers in that range.

11 March 2023, 03:35 PM	#49
rolex_pl85 Banned Join Date: Dec 2022 Location: Texas Posts: 140	Homes are still selling for VERY strong prices. Ppl comparing real estate to watches are in la la land.

11 March 2023, 04:43 PM	#50
GGGMT 2024 SubLV41 Pledge Member Join Date: Aug 2013 Location: Itinerant Watch: 79010sg Posts: 8,345	Watches are a better asset class than r/e Sent from my iPhone using Tapatalk

12 March 2023, 05:14 AM	#55
GGGMT 2024 SubLV41 Pledge Member Join Date: Aug 2013 Location: Itinerant Watch: 79010sg Posts: 8,345	Wait what?? Watches are fantastic Investments and a great asset class. Mediocre as a hobby, however. Sent from my iPhone using Tapatalk

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