Prices not dropping?

[kieselguhr]

Originally Posted by rolex16

He makes a good point with no mention of emotion. If buying the dip is so smart, why aren't they? Or maybe they just want us to so they can keep selling and keep propping up the falling market. It is obvious to anyone looking what is going on.

It’s purely a numbers game. Exercising discipline and sticking to a preestablished guideline/business plan to maximize profit while conserving capital. If you don’t think “buying the dip” is an emotional move then I can’t help you.

[HMHM]

Originally Posted by johnwigan

They are not buying because they can see prices are falling, and likely to continue falling. They are not going to say that of course because their sales rely on the idea that prices are going up and up. Who you would pay £40k for an £8k watch if they though the would lose £32k on the deal and be left with a watch worth £8k? The whole bubble is based on that '£40k' watch will be worth £50k in a few months, hurry hurry buy buy now before it's too late. But for the flippers, grey dealers, wannebe dealers and ADs, all good things come to an end.

This is what I'm trying to say - they are not walking the talk! Merely lip service because they want to avoid destroying the very essence of their business which is build upon LIES and DECEITS. All these grey dealers are now making YT videos trying to calm the market yet not "buying the dip" as they call it.

Why the fear grey dealers? That's the question I'm asking them!

[rolex16]

Originally Posted by kieselguhr

It’s purely a numbers game. Exercising discipline and sticking to a preestablished guideline/business plan to maximize profit while conserving capital. If you don’t think “buying the dip” is an emotional move then I can’t help you.

The point is they are being hypocritical by saying one thing and doing another. He is 100% right about that.

[SlideRacker]

Originally Posted by HMHM

This is what I'm trying to say - they are not walking the talk! Merely lip service because they want to avoid destroying the very essence of their business which is build upon LIES and DECEITS. All these grey dealers are now making YT videos trying to calm the market yet not "buying the dip" as they call it.

Why the fear grey dealers? That's the question I'm asking them!

Just like all the damage control emails you get from your brokers these days and how it’s all a just a big buying opportunity.

[TswaneNguni]

https://w

[thenewrick]

Grey's are weathering the storm. Not buying new stock and keeping prices firm for as long as they can. Prices down for flippers trying to unload fresh stock.

[Patton250]

Originally Posted by mountainjogger

I know. But to be honest, it has been trending this way for a long time. Personally, I have more interest in accessibility discussions than investment discussions.

Exactly. Well said. A positive thread for actual watch enthusiasts and people still complain.

[Patton250]

Originally Posted by HL65

https://www.rolexforums.com/showthre...light=116500ln

That’s way down. Still crazy high but coming down.

[AbeFroman]

Originally Posted by Patton250

That’s way down. Still crazy high but coming down.

Wonder where all the deniers are at now? There seemed to be plenty a couple weeks ago disputing a market correction.

[Patton250]

Originally Posted by AbeFroman

Wonder where all the deniers are at now? There seemed to be plenty a couple weeks ago disputing a market correction.

Well one can hardly blame them. This has been going on for many years now. People are paying 120K for a 5711 that is not worth even 20K and never should have been. Messed up stuff like that can cause a lot of cynicism among enthusiasts.

[rolex16]

Originally Posted by AbeFroman

Wonder where all the deniers are at now? There seemed to be plenty a couple weeks ago disputing a market correction.

There are still a few out there beating that drum. One posted a link to DavidSW website 116500 white dial as some kind of proof the market has not dropped. Meanwhile, a couple posts up was a link to a FS add on TRF classifieds with the same model unworn watch for 11K cheaper! I guess people just see whatever they want to see.

[Patton250]

Originally Posted by rolex16

I guess people just see whatever they want to see

Yes. That goes for everybody.

[rolexpatek363]

Originally Posted by AbeFroman

Wonder where all the deniers are at now? There seemed to be plenty a couple weeks ago disputing a market correction.

In the UK, Daytona BNIB Panda prices fell by around 5% over the past month. Large parts of China are unable to buy any watches at the moment. It's anybody's guess where prices go from here, but I don't predict high demand for Rolex watches will go away.

[rolex16]

Originally Posted by rolexpatek363

In the UK, Daytona BNIB Panda prices fell by around 5% over the past month. Large parts of China are unable to buy any watches at the moment. It's anybody's guess where prices go from here, but I don't predict high demand for Rolex watches will go away.

11/52=21%.


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[bob sims]

Originally Posted by rolex16

11/52=21%.


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There's a lot of people who will give you a great price and send their wire information BUT will you get the watch???

[rolex16]

Originally Posted by bob sims

There's a lot of people who will give you a great price and send their wire information BUT will you get the watch???

The 41k price isn’t from some random person, it is a known seller on this forum.


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[Ensign]

The big greys (DavidSW, Jomashop, etc) can afford to hold out. They hope that this is just temporary- it’ll all be back normal in a week or two. Maybe prices will rocket back up when China opens up and the Ukrainian War ends. What do you guys think? Prices have been dropping for just a couple weeks; and seen only with private and small dealers.

[amh]

Just don't buy from the big greys that won't budge. Seems like the smaller ones are already lowering their prices.

It's no longer a great time to be a Flipper, we should all welcome the trend. If the situation persists even DavidSW will lower their prices. I predict doom & gloom in the economy until 2024.

[dwjez14]

David will be the last person to drop. His current inventory is what is it’s. When I bought a watch last year my sales guy said get it now because the next round of watches listed will be more expensive. Sure enough the next week prices went up. I use david as my price indicator since I buy a lot from
Him. I believe market had only softened on some pieces not across the board. I feel like dj 41 have soften some ? I’m Curious when all will be hit

[huncho]

Originally Posted by Patton250

Well one can hardly blame them. This has been going on for many years now. People are paying 120K for a 5711 that is not worth even 20K and never should have been. Messed up stuff like that can cause a lot of cynicism among enthusiasts.

even worse...i believe 5711s were going for around 200 at the peak

[1665fan]

Datejusts and day dates are the weak offerings….they are dropping…….sought after sports models are holding strong to double MSRP or more

[sneakertinker]

Originally Posted by 1665fan

Datejusts and day dates are the weak offerings….they are dropping…….sought after sports models are holding strong to double MSRP or more

For now

[Patton250]

Originally Posted by huncho

even worse...i believe 5711s were going for around 200 at the peak

Brother if anyone actually paid 200K for a 5711 I believe that should trigger a mandatory series of psychological examinations on that individual regardless of how much money they have.

[Tavli3]

Originally Posted by Patton250

Brother if anyone actually paid 200K for a 5711 I believe that should trigger a mandatory series of psychological examinations on that individual regardless of how much money they have.

Lol


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[Al1969]

Originally Posted by Patton250

Brother if anyone actually paid 200K for a 5711 I believe that should trigger a mandatory series of psychological examinations on that individual regardless of how much money they have.

[Moondoggy]

As someone mentioned above, the greys business model relies massively on growth, "hey buy this panda today at 40k and it will be 50k in 6 months time". Once that leaves the market they have serious challenges.

[fskywalker]

Originally Posted by Calatrava r

Crazy to pay 3x MSRP on watches in many cases two or more years old and still regularly produced.

Anything over MSRP plus tax is crazy IMHO, but everyone is entitled to do whatever with their money


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[subtona]

Originally Posted by shirtguy

David is keeping his prices more or less the same

However he is buying at a lower price

That would be a good indicator or also an equallly good excuse to capitalize on the increasing uncertainty. Either way, no one knows for sure but I am leaning towards a downturn continuing.

[francoamerican]

It would be interesting to know to what extent Covid affected production. Also to know how quickly Rolex shifts from Daytona and GMT to datejust and vice versa. I believe Rolex will keep the segmentation such that even as some models become available at MSRP they hold back on gmt and Daytona allocation

[ndrs63]

Originally Posted by Patton250

I bet in six months you can buy for retail at a Rolex boutique.

No way, ain’t happening as much as you and I wish it did


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