Is Rolex still closed?

[Kawirider]

Seriously what the heck is going on. I’ve been wanting a TT SkyD as they were all over for 15k. I actually passed on a brand new one with stickers for 15k because my friend told me “the prices are gonna drop soon since we are heading towards a recession”. Well I regret taking his advice because they seem to be going up. At the price they are at now, I don’t see myself getting one and that’s unfortunate. Not to start another one of these threads but I’m just curious, is this cause Rolex is still closed?


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[jitdc]

No Rolex is not still closed. Also to clarify your post... you wanted this particular watch because it was over 15k? Or, you were hoping for a recession and a lower price on the secondary market?


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[garyk]

I remember the people on here saying give it a month or two, prices will drop. Oh well, tough times are hard to predict...supply and demand rules I guess...

[Kawirider]

Originally Posted by jitdc

No Rolex is not still closed. Also to clarify your post... you wanted this particular watch because it was over 15k? Or, you were hoping for a recession and a lower price on the secondary market?


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I wanted this particular watch because I tried it on and fell in love. I had a bluesy that I sold to fund it. My friend buys a lot of watches to flip. When I found a couple skyD for sale for 15k he told me not to jump on it because he thinks it’s to much.


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[Ryann24]

Rules of supply and demand still apply. If inventory has ceased and their aren't new supplies prices won't drop

[GradyPhilpott]

The best rule of thumb is to strike while the iron is hot.

More often than not prices rise, but even knowing that, it's hard to predict the market the way it is today.

I have another rule of thumb, if you will. That is not to suffer over the ones that got away.

There are too many fish in the sea, especially when you broaden your horizons.

[Kawirider]

Originally Posted by GradyPhilpott

The best rule of thumb is to strike while the iron is hot.

More often than not prices rise, but even knowing that, it's hard to predict the market the way it is today.

I have another rule of thumb, if you will. That is not to suffer over the ones that got away.

There are too many fish in the sea, especially when you broaden your horizons.

Good advice. Thank you. I just don’t get how all these sellers add 1-2k to their prices overnight. There was a brand new SkyD on eBay(from a jeweler) for 16,799. I offered 16k which I thought was extremely reasonable. The seller just let the offer expire. Than minutes later, the watch was reposted at 18k. If it’s been sitting for months at 16,799 how are they justifying raising prices? Especially on a watch that my local Turdneau said they can order.


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[fskywalker]

Originally Posted by Kawirider

Good advice. Thank you. I just don’t get how all these sellers add 1-2k to their prices overnight. There was a brand new SkyD on eBay(from a jeweler) for 16,799. I offered 16k which I thought was extremely reasonable. The seller just let the offer expire. Than minutes later, the watch was reposted at 18k. If it’s been sitting for months at 16,799 how are they justifying raising prices? Especially on a watch that my local Turdneau said they can order.


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Well your interest probably made them raised the asking price. Don’t feed the greys for a TT SkyD, that model should not be that hard to source through an AD at retail


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[Hollie_Rollie]

DSW has a Pepsi for 19k...yes times are insane. Who buys these? My AD said it’s a strong possibility I’d get one in the next 3 months. I’ll play the waiting game as long as it takes versus double msrp

[Token74]

Originally Posted by Hollie_Rollie

DSW has a Pepsi for 19k...yes times are insane. Who buys these? My AD said it’s a strong possibility I’d get one in the next 3 months. I’ll play the waiting game as long as it takes versus double msrp

I’ve always been happy to wait, but I’ve been lucky and not had to wait too long. I’d don’t think it’s crazy to pay over retail if people have the cash and don’t want to wait, life is too short.

I remember when the 5711 was going for about £18k retail and there was a small premium (I.e. £20k) buying grey. People were refusing to pay the premium so sat on a list. Then it went crazy and Patek put the price up to about £22k. Weirdly, people who wouldn’t pay £20k because it was over retail, we’re prepared to stay on a list at £22k. Bet some of those folk still don’t have one.


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[Podmornica]

I can't even remember what/if something went down in price in the luxury department .. The inflation is mutilating everything ..

[Etschell]

Originally Posted by Kawirider

Seriously what the heck is going on. I’ve been wanting a TT SkyD as they were all over for 15k. I actually passed on a brand new one with stickers for 15k because my friend told me “the prices are gonna drop soon since we are heading towards a recession”. Well I regret taking his advice because they seem to be going up. At the price they are at now, I don’t see myself getting one and that’s unfortunate. Not to start another one of these threads but I’m just curious, is this cause Rolex is still closed?


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your friend didn't take into account the temporary shut down of Rolex production. some friend eh? additionally as Rolex are releasing new models in 2020 some production allocation relates to things not even on the market yet.

I think once production gets back to normal levels that model should be back to a close level and you can snag it then.

[Hollie_Rollie]

Originally Posted by Token74

I’ve always been happy to wait, but I’ve been lucky and not had to wait too long. I’d don’t think it’s crazy to pay over retail if people have the cash and don’t want to wait, life is too short.

I remember when the 5711 was going for about £18k retail and there was a small premium (I.e. £20k) buying grey. People were refusing to pay the premium so sat on a list. Then it went crazy and Patek put the price up to about £22k. Weirdly, people who wouldn’t pay £20k because it was over retail, we’re prepared to stay on a list at £22k. Bet some of those folk still don’t have one.


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Life is short but not double retail short.

[LOWERCASE GUY]

JCB sights the value of the Swiss franc vs the depreciating value of the dollar as a factor in increasing prices.

[Token74]

Originally Posted by Hollie_Rollie

Life is short but not double retail short.

Probably right in most people’s eyes.

But...if I buy a new car tomorrow for £60k and in a years time it’s worth £45k, most people wouldn’t think that was odd. They would accept that if you want a brand new luxury car, you’re gonna take a hit. So £15k loss in a year, so be it.

But, if I buy a BLRO for £15k today and in 12 months time it’s still work £15k, people will think I’m a bit tapped!

Not saying you’re wrong, as most would agree with you, but I can’t help but see things slightly differently.

It’s all about mindset, and I fall into the same mindset trap. If my good lady bashed her car into something tomorrow and it costs £3k to repair, I’d book it straight in without a second thought and get it sorted, even if it’s just cosmetic (I use my good lady as an example, because it’s a real example!!!). On the other hand, I’ve been toying with getting myself a BB58 as an occasional watch for ages (just because I really like them), but because it wouldn’t get much wrist time given the competition in the collection, I can’t bring myself to do it. All a bit bonkers really.


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[Nairn1980]

Originally Posted by Kawirider

Seriously what the heck is going on. I’ve been wanting a TT SkyD as they were all over for 15k. I actually passed on a brand new one with stickers for 15k because my friend told me “the prices are gonna drop soon since we are heading towards a recession”. Well I regret taking his advice because they seem to be going up. At the price they are at now, I don’t see myself getting one and that’s unfortunate. Not to start another one of these threads but I’m just curious, is this cause Rolex is still closed?


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I heard loads saying to give it another few weeks and the bottom would fall out of the market. I’m still hearing people saying it.

Isn’t going to happen.

My advice is if you see the watch you like at a decent price, strike

[watchwatcher]

Originally Posted by Token74

Probably right in most people’s eyes.

But...if I buy a new car tomorrow for £60k and in a years time it’s worth £45k, most people wouldn’t think that was odd. They would accept that if you want a brand new luxury car, you’re gonna take a hit. So £15k loss in a year, so be it.

But, if I buy a BLRO for £15k today and in 12 months time it’s still work £15k, people will think I’m a bit tapped!

Not saying you’re wrong, as most would agree with you, but I can’t help but see things slightly differently.

It’s all about mindset, and I fall into the same mindset trap. If my good lady bashed her car into something tomorrow and it costs £3k to repair, I’d book it straight in without a second thought and get it sorted, even if it’s just cosmetic (I use my good lady as an example, because it’s a real example!!!). On the other hand, I’ve been toying with getting myself a BB58 as an occasional watch for ages (just because I really like them), but because it wouldn’t get much wrist time given the competition in the collection, I can’t bring myself to do it. All a bit bonkers really.


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Originally Posted by Nairn1980

I heard loads saying to give it another few weeks and the bottom would fall out of the market. I’m still hearing people saying it.

Isn’t going to happen.

My advice is if you see the watch you like at a decent price, strike

Well said, gentlemen.

[1William]

Be careful who you take counsel from. Typically no one is more dangerous than a watch person with limited knowledge and experience. I know because it use to be me years ago. I would offer a strong opinion based on my limited knowledge and hold it as truth. Thirty years and a few hundred watches later I would tell you the bubble for Rolex did not burst as I and others thought. It had some air let out of it at the start of the health care crisis we are dealing with. But it is back with serious price increases and more limited availability. Go find your watch from a reputable dealer and work your best price. Buy the watch and wear and enjoy it. Let time take care of the value and I think you will be fine in the long run. Very little ever gets cheaper and there is a value in owning an item you want. Take your friends advice but buffer it with real life and others opinion also.

[fooey]

Originally Posted by Kawirider

Good advice. Thank you. I just don’t get how all these sellers add 1-2k to their prices overnight. There was a brand new SkyD on eBay(from a jeweler) for 16,799. I offered 16k which I thought was extremely reasonable. The seller just let the offer expire. Than minutes later, the watch was reposted at 18k. If it’s been sitting for months at 16,799 how are they justifying raising prices? Especially on a watch that my local Turdneau said they can order.


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He probably didn't have the watch in stock to start with! just like a lot of Chrono24 ad's!
but the market will drop, it has to! Global recession about to happen and hundreds of thousands will be out of work!
Watch the shit hit the fan in the UK when the government stop paying (furlough) peoples wages next month!

[Polarexplorerii]

Originally Posted by Hollie_Rollie

Life is short but not double retail short.

[Cp827]

Originally Posted by Hollie_Rollie

DSW has a Pepsi for 19k...yes times are insane. Who buys these? My AD said it’s a strong possibility I’d get one in the next 3 months. I’ll play the waiting game as long as it takes versus double msrp

He also has a hulk for 18,575 that’s insane

[Kawirider]

Originally Posted by fooey

He probably didn't have the watch in stock to start with! just like a lot of Chrono24 ad's!
but the market will drop, it has to! Global recession about to happen and hundreds of thousands will be out of work!
Watch the shit hit the fan in the UK when the government stop paying (furlough) peoples wages next month!

You’re probably right about them not having the watch in stock. After my offer expired, I messaged him numerous times if the watch is available and he did not answer. So it’s better off this one fell through.

And as for my “friend”. I used that word to not get to Involved, but realistically he’s more of an acquaintance I know. A friend of a friend. For all I know he could’ve told me that advice to avoid me getting one for whatever reason.

It’s funny because when I asked him his opinion on the first SkyD still with stickers for 15k he told me to hold off since prices will drop. I listened. A month later he tells me a buddy of his(who is a big Rolex reseller) has a pre owned skyD for not a penny less than 15k. It was all beat up. I laughed, passed and at that point I knew to never take his advice again.


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[imsayingthough]

That particular watch shouldnt be so hard to get through an AD. Just play the watiing game.

[Hollie_Rollie]

Originally Posted by Cp827

He also has a hulk for 18,575 that’s insane

You have to be riding shotgun on the hype train under the impression that the hulk has been discontinued to pay that

[Marcjvr]

Originally Posted by Cp827

He also has a hulk for 18,575 that’s insane

I don’t blame the Greys I blame the desperate people who pay up those prices

[wesdaniel]

I walked into an AD a month ago and saw a TT SkyDweller, black dial sitting in the case and bought it immediately.

They're not *ALWAYS* there, but they are in stock frequently enough that it should be relatively easy to land one at retail and have it be yours brand new. This one was th first black dial I had seen in a good while though.

IMO, when you're talking about a relatively small amount of money ($1K or so), it's not worth trying to "play the game" of waiting to buy at just the right moment. It's one thing if you think a watch will go from $15K to $10K, but, realistically, what's the most depreciation / price reduction you'll see on a two-tone Sky Dweller? $15K to $14.5K? $15K to $14K? If so, then just buy what you want when you want it - that $500 swing isn't going to mean anything to you in a month or two and isn't worth the risk on the other side.

Just my $0.02.

[TswaneNguni]

Chuck and Rolex are never closed.

[Kawirider]

Originally Posted by wesdaniel

I walked into an AD a month ago and saw a TT SkyDweller, black dial sitting in the case and bought it immediately.

They're not *ALWAYS* there, but they are in stock frequently enough that it should be relatively easy to land one at retail and have it be yours brand new. This one was th first black dial I had seen in a good while though.

IMO, when you're talking about a relatively small amount of money ($1K or so), it's not worth trying to "play the game" of waiting to buy at just the right moment. It's one thing if you think a watch will go from $15K to $10K, but, realistically, what's the most depreciation / price reduction you'll see on a two-tone Sky Dweller? $15K to $14.5K? $15K to $14K? If so, then just buy what you want when you want it - that $500 swing isn't going to mean anything to you in a month or two and isn't worth the risk on the other side.

Just my $0.02.

Funny, around me all I see in ADs are the black dial. Never white. And you are absolutely right about the depreciation. That watch would’ve never went down drastically from 15k. Once again, my mistake for listening to bad advice.

Also unless I could get some sort of discount from an AD(which I doubt) I don’t know if I’m a buyer brand new. I have the funds and can comfortably do so, but Msrp plus tax is putting me over 19k here in NY. I went from a 3k Rolex datejust, to a 12k bluesy and now I want a SkyD that I am comfortable paying 15-16k for. If


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[campfire]

Originally Posted by Token74

Probably right in most people’s eyes.

But...if I buy a new car tomorrow for £60k and in a years time it’s worth £45k, most people wouldn’t think that was odd. They would accept that if you want a brand new luxury car, you’re gonna take a hit. So £15k loss in a year, so be it.

But, if I buy a BLRO for £15k today and in 12 months time it’s still work £15k, people will think I’m a bit tapped!

Not saying you’re wrong, as most would agree with you, but I can’t help but see things slightly differently.

It’s all about mindset, and I fall into the same mindset trap. If my good lady bashed her car into something tomorrow and it costs £3k to repair, I’d book it straight in without a second thought and get it sorted, even if it’s just cosmetic (I use my good lady as an example, because it’s a real example!!!). On the other hand, I’ve been toying with getting myself a BB58 as an occasional watch for ages (just because I really like them), but because it wouldn’t get much wrist time given the competition in the collection, I can’t bring myself to do it. All a bit bonkers really.


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So, so true. I find myself in this seemingly illogical thinking lots of times.