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MikeMWatchFan · 16 June 2022, 05:43 AM

I just entered info to sell a Rolex to Hodinkee / Crown & Caliber and the offer back was for a store credit only. No cash offers being made at this time. I’ve never seen that before. I reached out to Bobs Watches as well and they said “ALL buying is on pause for at least 1 week while they sell through an oversupply”…

Take it for what it’s worth…. I used the depressed prices to pick up a watch I’ve been looking to buy for a while. Maybe I caught a falling knife but if it brings me joy so what. A little frustrating I can’t get a cash offer on one that I’m looking to sell though.

ZOOK · 16 June 2022, 06:16 AM

Try contacting several of the Boutique sellers here on TRF.

Danny83 · 16 June 2022, 06:17 AM

Thats crazy

mdubya · 16 June 2022, 06:23 AM

The same sellers and pumpers that are saying it’s a “great time to buy”. Lol.

Curious just how much stock was hoarded during the massive boom of 2020-2021 that’s just been sitting in safes waiting for prices to continue going up.

Jpccarguy · 16 June 2022, 06:24 AM

All the crypto millionaires have disappeared, as the disposable income they had evaporated.

train-time · 16 June 2022, 06:29 AM

I think that you will encounter a similar situation wherever you go. It will either be not buying at the moment or if they are buying then the offer will be lower than you expect. It's a sign of the times.

Seddyspaghetti · 16 June 2022, 06:44 AM

“It’s happening”

SLWoodster · 16 June 2022, 06:47 AM

Been happening for weeks actually.

Sotheby's results auction came in today.
Some knocked it out of the park again, like the 38mm Resonance. Some took a nose dive including multiple AP's that were 30-50% below chrono24 pricing AFTER the buyer's premium.

AmirudinAbduk · 16 June 2022, 06:52 AM

Quote:

Originally Posted by Jpccarguy

All the crypto millionaires have disappeared, as the disposable income they had evaporated.

well , they are still posting on instagram telling followers to sell their cars / luxury goods to buy the dips.

johnwigan · 16 June 2022, 08:36 PM

Dealers are not buying because prices are falling rapidly. Dealers at the same urging people 'now is the time to buy'. If you are selling the best time to sell was a couple of months ago. You could try eBay and hope for uninformed buyers who still think Rolexes are 'investments'. It is only going to get worse for grey dealers and flippers. But great for us watch enthusiasts. Watches are starting to appear at ADs again.

Know1isgod · 16 June 2022, 10:36 PM

Paid $10.6k with tax for DJ 41 Wimbledon Fluted Jubilee. Offered $11K in trade value, no cash. Turned it down.

16 June 2022, 05:43 AM	#1
MikeMWatchFan "TRF" Member Join Date: Jan 2021 Location: USA Posts: 369	Store Credit / Gift Card Only I just entered info to sell a Rolex to Hodinkee / Crown & Caliber and the offer back was for a store credit only. No cash offers being made at this time. I’ve never seen that before. I reached out to Bobs Watches as well and they said “ALL buying is on pause for at least 1 week while they sell through an oversupply”… Take it for what it’s worth…. I used the depressed prices to pick up a watch I’ve been looking to buy for a while. Maybe I caught a falling knife but if it brings me joy so what. A little frustrating I can’t get a cash offer on one that I’m looking to sell though.

16 June 2022, 06:16 AM	#2
ZOOK 2024 SubLV41 Pledge Member Join Date: Sep 2017 Real Name: Dave Location: PDX Posts: 9,944	Try contacting several of the Boutique sellers here on TRF.

16 June 2022, 06:17 AM	#3
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,312	Thats crazy

16 June 2022, 06:23 AM	#4
mdubya "TRF" Member Join Date: Feb 2017 Location: Canada Posts: 132	The same sellers and pumpers that are saying it’s a “great time to buy”. Lol. Curious just how much stock was hoarded during the massive boom of 2020-2021 that’s just been sitting in safes waiting for prices to continue going up.

16 June 2022, 06:24 AM	#5
Jpccarguy 2024 Pledge Member Join Date: Dec 2019 Location: In the Present Posts: 1,018	All the crypto millionaires have disappeared, as the disposable income they had evaporated.

16 June 2022, 06:29 AM	#6
train-time 2024 SubLV41 Pledge Member Join Date: Feb 2009 Real Name: Plankton Location: US Watch: less Posts: 4,160	I think that you will encounter a similar situation wherever you go. It will either be not buying at the moment or if they are buying then the offer will be lower than you expect. It's a sign of the times.

16 June 2022, 06:44 AM	#7
Seddyspaghetti "TRF" Member Join Date: Jun 2016 Location: Uranus Watch: 116500LN Posts: 4,789	“It’s happening”

16 June 2022, 06:47 AM	#8
SLWoodster "TRF" Member Join Date: Apr 2019 Location: California Watch: GMT BLNR Posts: 1,513	Been happening for weeks actually. Sotheby's results auction came in today. Some knocked it out of the park again, like the 38mm Resonance. Some took a nose dive including multiple AP's that were 30-50% below chrono24 pricing AFTER the buyer's premium.

16 June 2022, 08:36 PM	#10
johnwigan Banned Join Date: May 2010 Location: Europe Posts: 377	Dealers are not buying because prices are falling rapidly. Dealers at the same urging people 'now is the time to buy'. If you are selling the best time to sell was a couple of months ago. You could try eBay and hope for uninformed buyers who still think Rolexes are 'investments'. It is only going to get worse for grey dealers and flippers. But great for us watch enthusiasts. Watches are starting to appear at ADs again.

16 June 2022, 10:36 PM	#11
Know1isgod "TRF" Member Join Date: Oct 2021 Location: The East Posts: 223	Paid $10.6k with tax for DJ 41 Wimbledon Fluted Jubilee. Offered $11K in trade value, no cash. Turned it down.

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