Prices for hottest Rolex models are falling fast says secondary market specialist

[ALF61]

Originally Posted by peterpl

Agree 100%. Its his bread and butter. He is on the front line of the gray dealer business. Makes ZERO sense to down ramp his own business.

There was not a single gray dealer I remember down ramping their own business in terms of Watches or Sneakers. That's just plain stupid. Grays usually are the ones that are always optimistic to keep the sales afloat at premium.

You really believe that ? The headline differs from the actual content in the article, or whatever is published for free. It is a big sign that says "Come to me now prices are coming down and I can get you a good price". he is not ramping down on his own business.

BIG INFOMERCIAL

[Joearch]

Sure

[brandrea]

Well ... then there's this opinion.

Sent from my SM-G960W using Tapatalk

[VicLeChic]

Originally Posted by brandrea

Well ... then there's this opinion.

Sent from my SM-G960W using Tapatalk

Bingo.

The guy from Chronext might be interested in falsely claiming prices of hot models are about to crash. Why? So that owners willing to flip rush in to sell them their pieces now before the "bubble bursts'. And of course Chronext might buy stock at a lower price than expected mind you, since "prices have already started to fall".

[VicLeChic]

Originally Posted by alf61

you really believe that ? The headline differs from the actual content in the article, or whatever is published for free. It is a big sign that says "come to me now prices are coming down and i can get you a good price". He is not ramping down on his own business.

Big infomercial

x2, they need stock.

[peterpl]

Quick search on his own website at Chrono24 shows a bunch of new BLROs listed in the $16k USD range. Especially in the US and HK.

After some negotiation they will probably sell for $15s and there weren't that many of these at this price a few months ago. Now there is a considerable amount listed at < $17k.

Anyway this discussion is always going to be two sided. Your ALWAYS going to have the guys with the rose glasses on and then your going to have guys that are pessimistic due to the way the environment has been or got to this stage. At the end of the day the gray prices are NOT sustainable.

Its like groundhog day. I had this discussion with sneakers, houses and now Rolex's. Sneakers and houses already are correcting or have already corrected. It will be the same with the watches. Its all the same shit never sustainable long term this crazy growth.

If you invested in anything you would know everything eventually drops especially when your talking non life essential items like watches.

[CorgiKCD]

No one on the board admits to thinking of their Rolex as an investment. Everyone on the board loses their mind when someone dare suggest prices might be falling.

[ALF61]

Originally Posted by CorgiKCD

No one on the board admits to thinking of their Rolex as an investment. Everyone on the board loses their mind when someone dare suggest prices might be falling.

I wonder how many specialists in calling bubble bursts actually confess losing out on further revaluation of assets or investments anticipating such bubles. i remember people bailing out of the SP when it was at 2100 calling a huge crash that never happenned and are now deep underwater.

[Chaching]

[Rolly.BT]

You can read chrono24 weighing in.

https://usa.watchpro.com/chrono24-jo...rices-falling/

[SearChart]

c l i c k b a i t

[Kaioken x20]

Any chance YG PM sports models drop in price too??

[peterskinner]

It’s always a matter of timing.... or luck. Prices will reverse, but we don’t know when. No-one does. No matter what they claim.

[Codik]

Originally Posted by Rolly.BT

You can read chrono24 weighing in.



https://usa.watchpro.com/chrono24-jo...rices-falling/

He is talking about asking prices, not sales price. It’s only the latter that matters.

[JacksonStone]

Originally Posted by CorgiKCD

Everyone on the board loses their mind when someone dare suggest prices might be falling.

If "everyone" on the board is losing his mind at the suggestion of prices falling, who on the board is doing the suggesting?

[Tavli3]

Here's another opinion

https://usa.watchpro.com/rot-not-set...ay-us-traders/

[exador]

The Chrono24 CEO posted this graph to show that BLRO prices are not falling.

How about showing us the “1 YEAR” graph matey?

[watchwatcher]

I don't lose my mind when someone suggests that prices are falling.

I lose my mind when someone who has no idea of what they're talking about posts about something they know nothing about.

Are prices falling fast...you know what? I can look at used prices and see for myself.

[JacksonStone]

Originally Posted by exador

The Chrono24 CEO posted this graph to show that BLRO prices are not falling.

How about showing us the “1 YEAR” graph matey?

It doesn't make much difference once you factor out the initial price spike when it first hit the market. The last three months have been relatively stable.

[Chaching]

Originally Posted by Kaioken x20

Any chance YG PM sports models drop in price too??

Never

[Fleetlord]

Chronext is irrelevant in the market....this is just a way to drum up some attention.

Prices will certainly fluctuate on these models, especially the Pepsi as more hit the market organically, but there is no drastic drop across the board.

[TickTockChuck]

Originally Posted by Fabrice M

I have noticed for some time that prices are falling a bit. We live in uncertain times and an uncertain future as far as the economy... it would make sense that the market is/will experience a slowdown.

Indeed, luxury goods in general are experiencing slow downs and perhaps Rolex might be one of the last dominos to fall due to it's brand strength. That's why Rolex doesn't push MSRP too high during good times as they know a slow down is inevitable and they don't ever want to reduce prices due to the negative effect on their image. I had read the BLRO should settle into a premium similar to the BLNR. The DaytonaC of course is a different story. Cheers!

[Watchgeek5000]

Originally Posted by GradyPhilpott

Whether or not the prices are falling, fast or otherwise, the prices will fall and the wise man is just waiting to pounce when the prices are right.

This!

[csaltphoto]

For what I just bought it doesn't seem to be true. Prices are up almost a K in the last month. I like to think I got a "good deal". I bought a model that is no longer made (but still modern: 14060M/4 line/box and papers) so that factors in as there are a finite number. But not vintage in any way.

[mobster600]

I wish it were true, all BS here

I’ve had my eye on a 116655 hasn’t moved a drop

[improviz]

Originally Posted by Fleetlord

Chronext is irrelevant in the market....this is just a way to drum up some attention.

Prices will certainly fluctuate on these models, especially the Pepsi as more hit the market organically, but there is no drastic drop across the board.

If their claims of having 31,000 watches in stock and 40,000 customers are accurate, it's more a bit of a stretch to characterize their metrics as "irrelevant". That's a pretty large databank by any reasonable measure. Data needs to be taken in in totality, not just dismissed out of hand.

[jfmiii]

Originally Posted by exador

The Chrono24 CEO posted this graph to show that BLRO prices are not falling.

How about showing us the “1 YEAR” graph matey?

agreed. fact is the BLRO isnt close to trading at $18.4k BNIB, regardless of what some people are asking. these Chrono24 "price" gauges are BS.

[05carbondrz]

Originally Posted by jfmiii

agreed. fact is the BLRO isnt close to trading at $18.4k BNIB, regardless of what some people are asking. these Chrono24 "price" gauges are BS.

ALL of these price charts are BS,These are WATCHES not Stocks.

[G M Francis]

My opinion is it’s somewhere in the middle. If you look at the property, car, art, guitar market whatever it’s the same. There is a core blue chip market for certain products, artists and locations. When there is a run on something, secondary properties and products get caught up in the rush. I can see Rolex SS Professional models softening with the exception of Daytonas which have been in short supply for nearly 20 years. PP SS models likewise will peak but still sell at over SRP. At the end of the day a Fifth Avenue property in NYC, a ‘59 Les Paul Standard or a Van Gough will still be sought after.

[TurboTim14]

Are chrono24 chart prices based on actual selling prices or listing prices? I think it's the former, which explains the inflated prices on the graphs.