Will Rolex values drop significantly in the coming years?

[Switch]

Originally Posted by teo

First the watch screen is too small to read. Second it feel stupid enough to talk to a watch than a phone. When the person speaks everyone can hear what that person on the line is speaking unless u bring a ear phone along which is quite troublesome. Handphone hard to be replaced by those smart watches.

You're thinking of the current smart watch, I'm talking about the future.

[beshannon]

Interesting how this thread has completely gone off on a tangent when the real issue is right on the first page of the forum.

Look at all the lack of stock and no discount threads.

Does that answer the question?

[douglasf13]

Originally Posted by beshannon

Interesting how this thread has completely gone off on a tangent when the real issue is right on the first page of the forum.

Look at all the lack of stock and no discount threads.

Does that answer the question?

Wait, so your argument is: “The stock market is at an all to high today, therefore it will go up forever!”

[beshannon]

Originally Posted by douglasf13

Wait, so your argument is: “The stock market is at an all to high today, therefore it will go up forever!”

Wow

My position is that luxury jewelry demand is driven by people who want to own.

If you are thinking this has to do with "investments" or smart watches then you along with most of the other have missed the point.

Good luck!

[douglasf13]

Originally Posted by beshannon

Wow

My position is that luxury jewelry demand is driven by people who want to own.


Good luck!

Sure thing. The question is whether that will remain the wristwatch, which has barely had a 100 year run.

[904VT]

Originally Posted by douglasf13

The Apple Watch is a disposable good, so $1300 is quite spend-y for most people on a thing they'd probably only wear a couple of years. I'd say it's more akin to Tesla vs. Bentley, and there are plenty of potential Bentley drivers who drive Teslas, just like there are tons of wealthy people who wear Apple Watches.

Anecdotally, I've talked to lots of Apple Watch wearers who have watches like Rolex in their drawers...where they tend to stay.

I'd be curious where some of ya'll live. Here in major cities on the West Coast, the Apple Watch is practically ubiquitous already, and I see them on everyone from kids to wealthy businessmen to grandparents.

Oddly enough, I'm personally in a bit of purgatory, because I'm not ready to commit to a smartwatch device, but I don't think Rolex has designed anything all that cool this millennium, so it doesn't matter to me what happens to them, either way. I'll just stick to liking older models.

Yes, could be a little different. I’m on the east coast and only see the cringeworthy Apple Watch and suit combination once in a blue moon

[Roll the Lex]

Originally Posted by douglasf13

There is no scientific evidence linking non-ionizing radiation from the likes of cell phones, microwaves, etc. to increase in cancer.

I strongly disagree.

It’s the lynchpin of my argument to justify a gold Rolex to my wife who is fearful of the electronic fields/radiation and aspires to live an all natural lifestyle.

First of it is entirely mechanical. A quartz watch or even a Seiko Spring Drive is extremely hazardous to my health. Cancer-causing. So mechanical movements only.

Secondly the gold is non-reactive, and no nickel like in ss. And no odd man made materials like whatever is in the oysterflex. So I need a gold case & bracelet.

By default I need a pm mechanical watch.
I took her rolling her eyes as a “I agree with you” sign when I told her.


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[douglasf13]

Originally Posted by Roll the Lex

I strongly disagree.

It’s the lynchpin of my argument to justify a gold Rolex to my wife who is fearful of the electronic fields/radiation and aspires to live an all natural lifestyle.

First of it is entirely mechanical. A quartz watch or even a Seiko Spring Drive is extremely hazardous to my health. Cancer-causing. So mechanical movements only.

Secondly the gold is non-reactive, and no nickel like in ss. And no odd man made materials like whatever is in the oysterflex. So I need a gold case & bracelet.

By default I need a pm mechanical watch.
I took her rolling her eyes as a “I agree with you” sign when I told her.


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Darn it, you’re a genius. I should’ve been following this logic long ago!

[toomann]

Originally Posted by CBouza3

These images are messing with my brain. Are you saying the OP is a left hand drive watch on your right wrist? (Crown touching back of your palm?).

I’m sorely confused.


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I'm the confused one. Apparently I can't tell my left from my right.

[Q2tone]

Mechanical Wrist watches will never go out of style. Just like rings and necklaces. The style of the mechenical watches may change but thats it. And they cant be compared to pocket watches, pocket watches went out of style because no one wanted to keep digging in there pocket to see the time.

[lesfield]

Originally Posted by douglasf13

Well, I do think it's interesting that Porsche is embracing fully electric vehicles, which is essentially akin to Rolex making a smartwatch.

Porsche needs to produce electric vehicles because Petrol is running out, but for Rolex, class and style will always remain.

I agree that for now, the Apple watch does give a lot of health information, but in 10-15 years there will be tiny diodes that could be injected in us that will do all of that and more.

[904VT]

Originally Posted by lesfield

Porsche needs to produce electric vehicles because Petrol is running out, but for Rolex, class and style will always remain.

I agree that for now, the Apple watch does give a lot of health information, but in 10-15 years there will be tiny diodes that could be injected in us that will do all of that and more.

Not to mention Automobile manufactures need to meet emission standards, so much of the electric usage is needed to help balance out MPG figures. This is legal/regulatory driven change in the industry.

But additionally, the electric hybrid option, makes for a better performing sports car. I'm not sure an electrical component makes a mechanical watch better performing, though some may argue the Spring Drive does. I do not believe so however.

[101031-28]

I fell in love with Rolex (it was a 5 digit GMT blue/red 16700) when I was 17.. And have been a huge fan of mechanical since (I am 47). The idea that I give "life" to the watch (via manual winding or movement wrist in the case of automatic) is of priceless value to me. Something a quartz/battery operated watch will never have. I suppose it could come to an end if future generations stopped seeing in them, values similar to the ones we currently hold dear that motivate us to choose mechanical first or vs battery. Just my thought ...

[speedyguy37]

Yes, values could drop quite easily ... just look at what happened with guitars back in the early 2000s... but who knows, it's all speculation...
Quoting a Reuters article ...
"In 2002, George Gruhn of Gruhn Guitars in Nashville, Tennessee, could get $5,500 for that axe. Four years later, the Gold Top’s value had skyrocketed to $85,000.

Then they plunged down to $30,000, and a nice one today is worth $35,000"

I don't see this as a bad thing ... just means I might not have to mortgage my house to buy an older watch.

[AK797]

Originally Posted by lesfield

Porsche needs to produce electric vehicles because Petrol is running out, but for Rolex, class and style will always remain.

I agree that for now, the Apple watch does give a lot of health information, but in 10-15 years there will be tiny diodes that could be injected in us that will do all of that and more.

You say diodes I said thingamybobs.

Originally Posted by AK797

Us. Hawking's greatest fears for our demise are an asteroid strike, a bacterial pandemic and Skynet.

Forget Skynet, Madagascar is getting scary now...

[mahefa]

Originally Posted by Manuela

I fell in love with Rolex (it was a 5 digit GMT blue/red 16700) when I was 17.. And have been a huge fan of mechanical since (I am 47). The idea that I give "life" to the watch (via manual winding or movement wrist in the case of automatic) is of priceless value to me. Something a quartz/battery operated watch will never have. I suppose it could come to an end if future generations stopped seeing in them, values similar to the ones we currently hold dear that motivate us to choose mechanical first or vs battery. Just my thought ...

Good thoughts.

[chrito]

true

[Iveflipped]

Interesting thought, hopefully the younger generations will continue to appreciate things like this.


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[Darth1904]

Rolex is the most heavily marketed too.

[Nikrnic]

I think mid tier brands will suffer the most.

[Zerouali]

Originally Posted by beshannon

Interesting how this thread has completely gone off on a tangent when the real issue is right on the first page of the forum.

Look at all the lack of stock and no discount threads.

Does that answer the question?

It's a fine line though. Continued lack of stock and ever increasing prices could force people to lose interest and give up on buying a Rolex. Desirable could easily become unobtainable for many.

Then it becomes about buying another brand or moving to smart watches, or just not bothering.

Personally, I'd love a SS Coke GMT, but I will never pay £6-10k for a minimum ten year old watch when I can buy the batman brand new for £6.5k.

I do think there are similarities here with the current Classic car market, values have rocketed as people have invested in cars as savings interest rates were practically zero. This has priced many out, and sellers are now finding their cars are not selling at auction, many values are dropping and fears of a large correction are building.

As interest rates rise and cheap credit reduces, how many will try and cash in their Rolex collection to free up cash?

[drmizzou]

No question the trend on certain models is for value to increase and other less popular models to decrease slightly but then hold steady. I don’t see this changing in the near future.

[ejj]

Originally Posted by Nikrnic

I think mid tier brands will suffer the most.

This describes the retail world right now. And maybe a lot more... The Timex and the Rolex will survive in some manner or another, but anything in between is in trouble.

In regards to Ferrari and Porsche, some say that driving yourself will someday only be for the rich, while the rest of us will rely on autonomous lender vehicles.

[vincenzowl]

Maybe they are trying to fill the mid tier market with Tudor, as the brand is where Rolex was 40 years ago. Makes sense as Rolex prices just keep increasing.