Prices not dropping?

[snowblaze]

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

[trout_thumper21]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

This is why I have only paid MSRP. Waited years in some instances

[trout_thumper21]

Originally Posted by padi56

Welcome to the now nothing but Rolex prices forum.

Yeah nothing more than money things $$$£££€€€¥¥

Price up. Price down. Flipper double dipper

[David001]

The talk of prices only dropping slightly is optimistic at best, try selling one.

I can prove this via the communication I received but when I sold my 5712G the market price was £90k according to C24. I sold it eventually for £60k in a private sale. Watchbox offered me £30k, I pointed out that their offer was roughly 30% of market price but they were firm. My friend had the same experience with his 5712/1A-001, he was offered 35% advertised market prices two weeks ago, he’s decided to keep it.

Sale price to dealers is rock bottom, less than MRRP in some cases.

I’ve got no fight to have here, it’s your money, but if you’re buying at over MRRP then don’t expect to be able to get it back at any point in the next few years.

[stockae92]

Originally Posted by David001

The talk of prices only dropping slightly is optimistic at best, try selling one.

I can prove this via the communication I received but when I sold my 5712G the market price was £90k according to C24. I sold it eventually for £60k in a private sale. Watchbox offered me £30k, I pointed out that their offer was roughly 30% of market price but they were firm. My friend had the same experience with his 5712/1A-001, he was offered 35% advertised market prices two weeks ago, he’s decided to keep it.

Sale price to dealers is rock bottom, less than MRRP in some cases.

I’ve got no fight to have here, it’s your money, but if you’re buying at over MRRP then don’t expect to be able to get it back at any point in the next few years.

One thing about watchbox low ball offer is true. their offer to buy watches are basically low ball, sometimes worse than low-ball.

I would not try to sell to them at all.

[Chris]

Originally Posted by trout_thumper21

Yeah nothing more than money things $$$£££€€€¥¥

Price up. Price down. Flipper double dipper

Im sure if the threads were indicating prices were rising he would be more than happy!!

[Mathematoxic]

I wouldn’t think we will reach the situation where we can walk in the AD and pick up a sports model. However I think price correction will continue further downwards. The demand for watches at MSRP(at this point of time) is still huge. At resale prices, probably much much lesser. Given the amount of inventory for sale coupled with downward sentiments, prices should still fall. How much will it fall to? I guess it will be an amount where people feel they can buy and actually really ignore the perceived value. That is, people will buy to enjoy the watch and not really to keep it in the safe for potential returns. My guess is probably at 10-15% above MSRP.

[APPRF]

Originally Posted by 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.

Not all china is closed, and don't count on the Ukrainian war to end soon. Meanwhile more stock is coming to ADs, Covid situation which instigated the crazy price increases is improving, and people will have more to do than just buy Rolex. Flippers will start turning down calls from ADs to buy, Grey will not buy until prices come down to a level they are comfortable with, which is still a long way to go, Stock markets, crypto all down, investors who have cash will look at getting in at good prices in stocks or crypto instead of buying watches. Real estate is giving signs of weakening, a lot of problems in the economy are predicted in a lot of western countries. Also when prices move significantly down some who believe the idea of Rolex as investment meaning as buy at any price will suffer, and will sell their watches, a lot who accumulated watches during the last 3 years as investment will start to sell some or all before the prices come down further. Remember not all bought cash, some are in on credit. I don't think in demand Rolex models will be easily available at ADs like before, but they will not command these current crazy prices. Maybe 20-50% depending on model

[Wahlberg]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

You're joking right?

I love the people who do their research only after the purchase.

[rolexpatek363]

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???

And will it be genuine?

[rolexpatek363]

Originally Posted by David001

The talk of prices only dropping slightly is optimistic at best, try selling one.

I can prove this via the communication I received but when I sold my 5712G the market price was £90k according to C24. I sold it eventually for £60k in a private sale. Watchbox offered me £30k, I pointed out that their offer was roughly 30% of market price but they were firm. My friend had the same experience with his 5712/1A-001, he was offered 35% advertised market prices two weeks ago, he’s decided to keep it.

The 5712G isn't a high-demand watch.

[Moondoggy]

Originally Posted by rolexpatek363

The 5712G isn't a high-demand watch.

It’s dropped, and you know what, who cares.

[rolexpatek363]

Originally Posted by Moondoggy

It’s dropped, and you know what, who cares.

David cares.

[rambo99]

Originally Posted by Mathematoxic

I wouldn’t think we will reach the situation where we can walk in the AD and pick up a sports model. However I think price correction will continue further downwards. The demand for watches at MSRP(at this point of time) is still huge. At resale prices, probably much much lesser. Given the amount of inventory for sale coupled with downward sentiments, prices should still fall. How much will it fall to? I guess it will be an amount where people feel they can buy and actually really ignore the perceived value. That is, people will buy to enjoy the watch and not really to keep it in the safe for potential returns. My guess is probably at 10-15% above MSRP.

good! i would buy the white ss daytona at $16,000 dollars!

[rambo99]

Originally Posted by rolexpatek363

David cares.

is David a trusted seller?

[Patton250]

Originally Posted by subtona

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.

I agree with you. As the economy continues to go down so will luxury items leading the way.

[heysushil]

IDK man, waiting for the prices to drop as well. I'm eyeing the Submariner, always wanted to own one. I don't think it'll go down since it's a really famous model, but one can hope.

[amh]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

You did pretty well at today's pricing. Be happy with it and don't look back. 5-10 years from now it will seem like a very good deal.

[Adam84]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

Price is irrelivant if you love the watch, its been a dream to own one and youre never going to sell it.

....if on the other hand you just bought it as an investment , then .....but it will be worth more than 20k in a few years

[Lamontsanders]

Prices are definitely falling but I don’t think it’s going to be some monumental crash. Best guess…They’ll correct back to late last year and hover for a while. I was offered a full set 2021 BLRO for 23.0 (from a brick and mortar) the other day but found a trade elsewhere. That was the best price I could find but I bet more will follow suit. As prices fall people will hop in trying to buy a dip. If you wait for 10% above MSRP on a hot model we’ll you’re going to wait a long time. There’s enough demand out there to probably keep prices sustained to some degree. Has it peaked? Probably? Is it about to crash? Probably not - luxury goods don’t behave rationally. All that being said…if you love a watch and you have the means (and it’s worth the squeeze) then do what makes you happiest.

[gerryb92]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

Watches can go down as well as up in value - and should never be sold as an investment. I can't personally see it losing a great deal of value, especially if you plan to keep it long term.

If you're worried about losing money, then you should consider whether you can afford it in the first place based on the fact that it could go down.

Just my two cents!

[GoBig]

Originally Posted by snowblaze

I bought a gmt batgirl recently at 20k from grey. Regret now because after I purchase, I found many threads that the price is crashing.

Don’t look back and wear it in good health. Aftermarket luxury item prices typically follow the stock market…

[EagleArmsHBAR]

I'm still waiting to buy a Blue TT Sub and will not buy one from a grey because of all the fakes out there. Everyone keeps saying prices are falling, but I'm on the list at 5-6 ADs and none will sell me one.

[Patton250]

Originally Posted by EagleArmsHBAR

I'm still waiting to buy a Blue TT Sub and will not buy one from a grey because of all the fakes out there. Everyone keeps saying prices are falling, but I'm on the list at 5-6 ADs and none will sell me one.

It’s going to take time to catch up with the ADs. Everyone’s talking about prices dropping meaning no one is paying big money at the grays anymore. At least for now. Grays have massive stock. A hell of a lot more than an AD ever had. Lol. Give it time and this will filter back as flippers will stop buying new stock to flip and these pieces will be available at retail for those who actually want them. That’s the theory anyway.

[rolex16]

Originally Posted by rolexpatek363

And will it be genuine?

I guess you missed that I wrote it was a known seller on this forum, with an ad in TRF classifieds, that was selling for 21% or 11k less than DavidSW price…

[Patton250]

Originally Posted by rolex16

I guess you missed that I wrote it was a known seller on this forum, with an ad in TRF classifieds, that was selling for 21% or 11k less than DavidSW price…

Most of that is because he can’t get DavidSW prices. You should know that. If you didn’t now you do.

[rolex16]

Originally Posted by gerryb92

Watches can go down as well as up in value - and should never be sold as an investment. I can't personally see it losing a great deal of value, especially if you plan to keep it long term.

If you're worried about losing money, then you should consider whether you can afford it in the first place based on the fact that it could go down.

Just my two cents!

So you would buy a $50k car for $150k and not care?

[rolex16]

Originally Posted by Patton250

Most of that is because he can’t get DavidSW prices. You should know that. If you didn’t now you do.

My point is that people refusing to acknowledge the drop are using David’s prices as gospel and refuse to consider anything else. They use those numbers to rationalize that there is no drop, which is totally untrue.

[Podmornica]

Check the chrono24 .. Same watches are sitting there for weeks and weeks. New ones are arriving at lower prices. Especially Subs. Market is melting. Team that with all the things going on in the world and by the Autumn 2023 you will be able to get your GMT with little to no wait at your local dealer. It just needs some time for everyone to realize this is not a 2020 anymore.

[Patton250]

Originally Posted by rolex16

So you would buy a $50k car for $150k and not care?

You seem to be taking this capitalism stuff pretty personally. Why? I can tell you right now people are paying $400,000 for $180,000 Porsche turbo right now. Would I do that? Of course not. Mostly because that kind of money is big-time for me. However if I had $300 million to my name I’m sure I would do it. I would also pay $50,000 for a Daytona if it tickled my fancy. Capitalism sir. It works every time it’s tried.