True collectors and the tanking Rolex market

[rolexpatek363]

Originally Posted by rolex16

Because I am sick of the BS. This has ruined the hobby. Sounds like you are more of an investor, looking for value increases.

I started collecting watches in 2001, I have three Rolexes, an FP Journe, a PP Nautilus, an IWC, a Zenith, a Seiko, a Casio, and a JLC.

I still have the vast majority of the watches I've bought, but I let go a Day-Date and a Yachtmaster (both sold at a loss) and a Red Sub (slight profit), so in what way am I an "investor" and not a "true collector"?

[garyk]

Originally Posted by ChugachEagle

Exactly, .

I am seeing these threads and I am wondering what planet these people are on. I have bought all of my modern watches at retail, some vintage of course from aftermarket.

Who cares and focuses so much on individual after market prices?

Regardless, I don’t see anything tanking. . You guys are killing me. Thanks for the laughs.

[rolex16]

Originally Posted by huncho

i mentioned this in the other thread but most are not getting a RO at msrp from AP today. they would politely push you into a code first. not to say it's completely impossible like a daytona at msrp but it's not something people should think is normal

People said that a year ago too. I’m sure it is not easy, but it also not impossible.

[rolex16]

Originally Posted by rolexpatek363

I started collecting watches in 2001, I have three Rolexes, an FP Journe, a PP Nautilus, an IWC, a Zenith, a Seiko, a Casio, and a JLC.

I still have the vast majority of the watches I've bought, but I let go a Day-Date and a Yachtmaster (both sold at a loss) and a Red Sub (slight profit), so in what way am I an "investor" and not a "true collector"?

Sounds like you are not, but your prior post came across as such.

[Wahlberg]

Originally Posted by Mystro

These are not real players but speculators stopping by TRF to create a bit of drama and make novice predictions. There is a user pattern on TRF with these speculation market threads.

I still don't understand why you get so worked up about this. You keep pushing your own narrative and you are trying to combat the bad news. But you aren't in it for the money and you are a true Rolex enthusiast right.

[huncho]

Originally Posted by rolex16

People said that a year ago too. I’m sure it is not easy, but it also not impossible.

not impossible because like we know, AP is known to have interest in bringing new clients into the brand much more than rolex. so it's definitely doable and the AP sub forum here shows that every now and then but it's still pretty hopeless for most people unless you buy something else first. the worst part of the game is not knowing if you'll get something while having to watch prices constantly go up

[rolexpatek363]

Originally Posted by rolex16

Sounds like you are not, but your prior post came across as such.

I give up. You completely ignored the data in my post, which shows that my particular pair of watches are apparently still going up, not that I care because they are both keepers. Some of the hotter watches than mine have cooled a little over the past month, by around 5%.

Meantime, we are being invited to panic about falling Rolex prices on several different threads many times per day. I don't understand what's going on. Are some people trying to "talk prices down", and if so, why?

[NYG1121]

Prices are still nowhere near where true collectors would buy. Not sure what I call myself but everything I have is either from AD or significantly below MSRP from grey. There are some pieces I want to add but wont pay current prices at all

[TexEd]

Originally Posted by rolexpatek363

There hasn't been a 25% price slide, you are posting fake news.

Exactly +1

[crispyness87]

Originally Posted by huncho

not impossible because like we know, AP is known to have interest in bringing new clients into the brand much more than rolex. so it's definitely doable and the AP sub forum here shows that every now and then but it's still pretty hopeless for most people unless you buy something else first. the worst part of the game is not knowing if you'll get something while having to watch prices constantly go up

I also believe AP wants to bring good quality new customers into the fold, as evident from their store-run boutiques and AP Houses. And I’ve seen success stories.

Unless others can attest to otherwise, I don’t get a sense that Rolex and Patek give as much a crap as AP; I find most AD experiences very transactional, and require bundling of watches from other less popular brands… I shouldn’t have to buy a bunch of GPs/hublots/carriers/[insert any other brands] to prove I’m a worthy Patek owner.

AP on the other hand, one can walk in, be humble, show a genuine interest, and get a pretty good first allocation, albeit might have to wait 2-3 years.

[rolexpatek363]

Originally Posted by NYG1121

Prices are still nowhere near where true collectors would buy. Not sure what I call myself but everything I have is either from AD or significantly below MSRP from grey. There are some pieces I want to add but wont pay current prices at all

I'm out of the game, too, mainly because there's nothing from the current Rolex catalogue that I like (I prefer the old-school 5- and 4-digit look), but also because I simply can't afford to pay grey prices. I'm hoping Rolex continue with the larger cases, because it saves me from temptation.

The OP is the only 6-digit Rolex which still looks nice, IMO.

[rolex16]

Originally Posted by rolexpatek363

I give up. You completely ignored the data in my post, which shows that my particular pair of watches are apparently still going up, not that I care because they are both keepers. Some of the hotter watches than mine have cooled a little over the past month, by around 5%.

Meantime, we are being invited to panic about falling Rolex prices on several different threads many times per day. I don't understand what's going on. Are some people trying to "talk prices down", and if so, why?

Your data proved my point, your watches are going up and were bought at an AD. You have zero risk and all upside potential. What if you bought grey at the peak? Will the market never go down from these current values? In that case you have downside risk that can be significant. That keeps people from buying. This is why they/I want the market to come down.

[GW44]

Originally Posted by huncho

not impossible because like we know, AP is known to have interest in bringing new clients into the brand much more than rolex. so it's definitely doable and the AP sub forum here shows that every now and then but it's still pretty hopeless for most people unless you buy something else first. the worst part of the game is not knowing if you'll get something while having to watch prices constantly go up

With respect you need to take FHB's comment about bringing new people to the AP brand with a degree of sceptism compared to the real world allocation wise...

[GW44]

Originally Posted by rolex16

That’s fine, my point was that many on this forum have the means and are making a choice. Implying they do not and that their posts are sour grape posts further fuels this narrative that the market only goes up people are the only ones who are right. Just my opinion.

You're welcome to your own opinion of course. Mine may differ and that's just fine by me.

[rolex16]

Originally Posted by GW44

With respect you need to take FHB's comment about bringing new people to the AP brand with a degree of sceptism compared to the real world allocation wise...

What I know from firsthand experience is that if I had listened to the “wisdom” of this forum, I never would have tried and succeeded, I would have gone straight to grey and overpaid. YMMV.

[Danny83]

Supply would have to increase first. You always keep talking about tanking

[Calatrava r]

Hopefully, the market is normalizing by reducing the spread between new and used, so some folks will stop buying so much and more people can own a Rolex bought from an AD. It's what everyone wants right? So, any softening of secondary prices is really a great thing.

[GW44]

Originally Posted by rolex16

What I know from firsthand experience is that if I had listened to the “wisdom” of this forum, I never would have tried and succeeded, I would have gone straight to grey and overpaid. YMMV.

Are you talking about AP here, or something else please?

I have zero idea what "YMMV" means..

[kirth]

Originally Posted by GW44

I have zero idea what "YMMV" means..

Your mileage may vary.

[rolex16]

Originally Posted by GW44

Are you talking about AP here, or something else please?

I have zero idea what "YMMV" means..

AP. Your mileage may vary.

[huncho]

Originally Posted by GW44

With respect you need to take FHB's comment about bringing new people to the AP brand with a degree of sceptism compared to the real world allocation wise...

i don't even know what he said so i wasn't referring to that. i was just referring to what i've seen here and how it is possible to get a 15500 with no purchase history, but i know it's hopeless for most people and i couldn't even get a RO back in 2019. my point was just that there are more cases where AP tries to make things possible compared to rolex who in most cases are ok with telling people to take a hike

[Time Out]

Seen a panda cross for 35 today. A few grand down from yesterday.

[rolexpure]

Originally Posted by Time Out

Seen a panda cross for 35 today. A few grand down from yesterday.

All the guys that think the prices can or wont drop is kidding themselves.

Panda's in the 35k range now, BLROs in the 24k's, BLNRs in the 20k's - lets not even start talking about AP/Patek or even the highest trading Rolex's like the John Mayer green dial that thing has dropped like $35-$40k already.

5711, 5712, 5980, 5990 all dropping hard.

[Time Out]

Originally Posted by rolexpure

All the guys that think the prices can or wont drop is kidding themselves.

Panda's in the 35k range now, BLROs in the 24k's, BLNRs in the 20k's - lets not even start talking about AP/Patek or even the highest trading Rolex's like the John Mayer green dial that thing has dropped like $35-$40k already.

5711, 5712, 5980, 5990 all dropping hard.

BLNR NIB is solidly in the teens at this point. One just got posted for 20k ask and will likely sell in that 17,500 - 18k range.

[vgandhi01]

drop it like it's hot.

[NeedMoreCoffee]

Meh. If anyone was hoping to leverage these as "investments" then they were destined for disappointment.

I also don't think the sky is failing. There will be a correction but we won't get back to MSRP. Hot models were trading above MSRP well before the latest craze.

You will start seeing more undesirable models sitting in cases (ladies watches etc.) but the desirable stuff won't come back to MSRP, however I'd expect more of a 25-50% premium vs the 100-200% craziness we've seen.

I don't check the market value of my watches anyways. Not why I bought them. I picked up a Platona 1 month ago and couldn't care less what it is worth today vs. then.

[vgandhi01]

where are you guys seeing panda for 35k?

[Time Out]

Originally Posted by NeedMoreCoffee

Meh. If anyone was hoping to leverage these as "investments" then they were destined for disappointment.

I also don't think the sky is failing. There will be a correction but we won't get back to MSRP. Hot models were trading above MSRP well before the latest craze.

You will start seeing more undesirable models sitting in cases (ladies watches etc.) but the desirable stuff won't come back to MSRP, however I'd expect more of a 25-50% premium vs the 100-200% craziness we've seen.

I don't check the market value of my watches anyways. Not why I bought them. I picked up a Platona 1 month ago and couldn't care less what it is worth today vs. then.

I am becoming more convinced that this entire market was fake. What end users were buying Panda's for 50k or BLRO's for 35k ? Even the Platona for 200K++ !!??

[Shaitan]

Must be the 148th Crash/What will I a buy when the market collapses thread.
People really must be depressed getting no watches or these endless Threads wouldn’t receive hundreds of pointless replies.


Sent from my iPhone using Tapatalk

[Time Out]

Originally Posted by vgandhi01

where are you guys seeing panda for 35k?

Private grey to grey forums.