Watch pro say prices are cooling

[Madman37]

Don’t shoot the messenger

https://www.google.co.uk/amp/s/www.w...iguet-watches/

[Bmats]

One can only hope!

[hellofromthebay]

Thank you Bitcoin


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[Driver8]

Sounds good to me, and potentially true for two reasons - firstly, prices can't (and don't) keep going up and up forever no matter what the commodity is, and secondly, as more things open up post-Covid, all that "spare" money that has been being spent on Rolexes by bored rich people and the more errr... "transient" watch fans, will start going on holidays, travel, nights out, cars, etc.

[ks58]

It does seem like Rolex is in some sort of bubble. I like the exclusivity but glad to see prices may come back down to Earth. When you start seeing 15 year olds wanting to get on AD waitlists because they're so long, then you obviously know you're in a weird Rolex environment that's crazy.

[Lukebennett21]

Been saying this for a few weeks

[NYG1121]

absolutely prices are softening. Watches are sitting for a while at greys for those that are paying attention.

[soicanbefree]

I've been into Rolex for around 12-13 years.

Sold my 5512.. the 5513, 116528, 1016, and 16610LV are all being put out to pasture.

I'm going down to just the Hulk and Red Grape.

I will say from the watches I follow.. nothing looks softer.

[garyk]

I have noticed some model's prices have come down from the insane grey prices of a months ago. Unfortunately for the various predictors on TRF, the softening has nothing to do with anything other than economics/market conditions.

The only hope I have is that supply catches up with the market at some point.

[Tavli3]

Last week at on of the big house’s auction a Hulk and pointy Kermit that had what I thought were pretty high reserves went no bid.


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[garyk]

Originally Posted by Tavli3

Last week at on of the big house’s auction a Hulk and pointy Kermit that had what I thought were pretty high reserves went no bid.


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Sad for some but YES!!!

[Tavli3]

Lol


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[soicanbefree]

Originally Posted by Tavli3

Last week at on of the big house’s auction a Hulk and pointy Kermit that had what I thought were pretty high reserves went no bid.


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What were the reserves?

I just saw a Hulk go into pending after listing @ 22k on HQMilton.

I got a bid of 18.5K on my naked 2004 Kermit.

[Lukebennett21]

hulk seems to keep going up - the softening I am seeing is for last gen subs (non hulk), explorer II, milgauss (probably will start going up again later this year), Batgirl, blue and grey OP39, PM YM II it's not every model, but enough to be noticeable - seems like the less hyped models are taking a breather

[bob sims]

Originally Posted by Madman37

Don’t shoot the messenger

https://www.google.co.uk/amp/s/www.w...iguet-watches/

Leveling off till the next stimulus. Nobody get their hopes up. Oil is up 50% and trillions of dollars are being transferred to the global oilers.

[enjoythemusic]

Coming Soon: Buy a Rolex, get a Tudor FREE!

[the dark knight]

Lately I felt like I noticed a slight softening for the black dial ceramic Daytona (not sure about the white) and also Subs.

Also seems like Exp IIs are languishing, although I'm not convinced anyone actually bought any at the crazy inflated prices since the rumors that they would be discontinued in current form.

[amanbra]

good because there's a watch I want but the current mark up is a bit silly.

[jb335]

Originally Posted by the dark knight

Lately I felt like I noticed a slight softening for the black dial ceramic Daytona (not sure about the white) and also Subs.

I too think there has been a cool off on SS ceramic Daytonas, both dials. I feel like the white was rapidly approaching 40k and has since come back down to 35/36k, and the black dial is closer to 30K.

That said, I think we are fulling ourselves if we think there is any crash coming. Slight corrections maybe but the market of 2016 is not coming back any time soon.

[Tavli3]

Originally Posted by soicanbefree

What were the reserves?

I just saw a Hulk go into pending after listing @ 22k on HQMilton.

I got a bid of 18.5K on my naked 2004 Kermit.

Don’t quote me but Hulk was 22k plus premium and Kermit was around 19k plus premium


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[Harry-57]

Originally Posted by the dark knight

Lately I felt like I noticed a slight softening for the black dial ceramic Daytona (not sure about the white) and also Subs.

Also seems like Exp IIs are languishing, although I'm not convinced anyone actually bought any at the crazy inflated prices since the rumors that they would be discontinued in current form.

Explorer 2s are still pumped up to ridiculous levels, but not as ridiculous as they were a few weeks ago. When you consider that the new Polar looks virtually identical to the last one, this price level is difficult to fathom - although as you say, they may not be selling for these asking prices.

Hulks went through the same silly cycle when they were discontinued but have now fallen back considerably. I think the Explorer 2 has a lot of falling back still to do.

[JacksonRain]

Can't wait to visit this thread in a year!!!

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[Giangos]

Originally Posted by JacksonRain

Can't wait to visit this thread in a year!!!

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Yes, the posts read similar to those around March last year. Global pandemic! Prices crashing, Greys dumping stock etc.

That lasted about 3 weeks.


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[JacksonRain]

Right on...this thread needs a pic of a hot watch which is about to go soft . It will drop in the next few months, but I don't care.

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[Robf52]

Nothing grows to the sky. Still, a softening is not a crash or correction. Let's revisit in a year.

[Brew]

This thread reads like you're discussing pork belly futures.

[Marcjvr]

Wouldn’t expect the price of a mass produced item to keep rising forever.

[Big_Red]

In 2017 I said no way I’m paying $4-$5k over retail for a new Daytona (gray dealer)… and I bought a Bluesy at 10% discount (authorized dealer). The green sub was in the case for the taking.

Heheheeeeeeeee. How things have changed.

[RealMadrid1988]

Originally Posted by Giangos

Yes, the posts read similar to those around March last year. Global pandemic! Prices crashing, Greys dumping stock etc.

That lasted about 3 weeks.


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Don’t think anyone said a full-on crash was coming. In fact, someone said pretty clearly they expected a “softening” rather than a crash. Mass produced goods like steel watches tend to not just balloon in price indefinitely, so that’s a perfectly rational conclusion. The idea that people will begin redirecting some discretionary income towards things like vacations and away from Rolex is an equally rational proposition. And last year’s incorrect predictions reflected a misunderstanding of the pandemic more than a misunderstanding of watch prices — the people who were the most financially impacted by the pandemic were by and large not in the market for Rolex watches to begin with. If a 2008-like recession were to hit — and let’s pray that it doesn’t anytime soon — Rolex prices will indeed crash. That’s just a fact.

[bob sims]

[QUOTE=Giangos;11536869]Yes, the posts read similar to those around March last year. Global pandemic! Prices crashing, Greys dumping stock etc.

That lasted about 3 weeks.