Grey Prices dropping definitely

[MSchu]

Originally Posted by peterpl

Show us actual sales prices to support? Nothing is selling or very small amounts. List/asking price means nothing now. Take off $1k straight off the bat.

Guys marking things as sold and then relisting them as new listings with a HIGHER asking price is not a sold piece. LOL

114060 listings and sales


114060 price trend


126710blnr listings and sales


126710blnr price trend


no one can foresee the future, but that is a definite bottom... perhaps a false or temporary bottom, but a bottom none the less... for the time being.

[greentimgreen]

Originally Posted by MSchu

Pricing has already begun to bounce from the temporary dip...

Could just be ‘dead cat bounce’, as a result of Christmas. I’m interested to see what January will bring!


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[mk2jag]

Originally Posted by Harry-57

I believe that with Baselworld approaching, prices are more likely to stay firm..

I think the prices will rise next week at the AD and Grey’s and as you stated stay firm approaching Baselworld. I expect a big hike in grey submariner prices if a revamped sub is introduced.

[Zakalwe]

Originally Posted by locutus49

Most of these people talking about price drops are British so I think it is in the UK. The rest of the world it is pretty stable, with some prices a bit up and some a bit down. Fluctuations.

The apparent UK price drops are not even representative of the market as a whole, rather they reflect the pricing strategy of the retailer at the very top of the market, price-wise. Meanwhile a prominent independent reseller in this country has posted his experience elsewhere that his more reasonably priced Rolex watches are flying out the door at a faster rate than ever, despite the recent Watchfinder sale - which represented absolutely outrageous prices (compared to the rest of the U.K. market) discounted down to merely rip-off prices that were and remain higher than the local average.

Now, who knows what the watches are actually selling for, but even now the Watchfinder asking prices remain if not at all-time highs, then within 1-2% of it.

[Ihatecheese]

Yes when Watchfinder is owned by the same people as who make many watches (Richmont) then you can't really rely on them for fmv of second hand goods.
It's in their interest to keep the prices artificially high and hope their channel is vast enough to move the market.

Personally I feel sad for those buying inflated prices items because the internet told them so. It's a great time to be a teenager with a stockx account.

Originally Posted by Zakalwe

The apparent UK price drops are not even representative of the market as a whole, rather they reflect the pricing strategy of the retailer at the very top of the market, price-wise. Meanwhile a prominent independent reseller in this country has posted his experience elsewhere that his more reasonably priced Rolex watches are flying out the door at a faster rate than ever, despite the recent Watchfinder sale - which represented absolutely outrageous prices (compared to the rest of the U.K. market) discounted down to merely rip-off prices that were and remain higher than the local average.

Now, who knows what the watches are actually selling for, but even now the Watchfinder asking prices remain if not at all-time highs, then within 1-2% of it.

[Anton911]

It’s not just the UK that has high gray prices,it’s the market value get over it.
For example a 116500 Daytona on the grey market is basically the same price all over the world on the secondary market whether you are in London,Thailand,Australia or the North Pole.
Prices on this specific watch are not going to decrease anytime soon especially with the Rolex price hike in Jan,will only bolster prices on the secondary market.

[Zakalwe]

Originally Posted by Ihatecheese

Yes when Watchfinder is owned by the same people as who make many watches (Richmont) then you can't really rely on them for fmv of second hand goods.
It's in their interest to keep the prices artificially high and hope their channel is vast enough to move the market.

Personally I feel sad for those buying inflated prices items because the internet told them so. It's a great time to be a teenager with a stockx account.

I want to say I agree with everything you’ve written but I don’t trust anyone who hates cheese.

[joli160]

They will only go up with the European increase at the doorstep.
Get them while you can