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temporarychicken · 1 July 2022, 03:28 PM

https://www.bloomberg.com/opinion/ar...piguet-watches

doboy007 · 1 July 2022, 03:44 PM

Article pretty much echoing what everyone else is saying.

thomaspp · 1 July 2022, 07:20 PM

Glad coverage is being given on way down!

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alphadweller · 1 July 2022, 07:54 PM

The bubble burst is official in the secondary market but it doesn't make hot models easier to get at retail price as demand is still strong.

Gary Busey · 1 July 2022, 08:14 PM

Quote:

Originally Posted by alphadweller

The bubble burst is official in the secondary market but it doesn't make hot models easier to get at retail price as demand is still strong.

Matter of time

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Langnam · 1 July 2022, 08:33 PM

Nearly one million Rolex produced annually described as an “alternate asset class.” Haha.

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beshannon · 1 July 2022, 08:36 PM

Quote:

Originally Posted by Langnam

Nearly one million Rolex produced annually described as an “alternate asset class.” Haha.

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Not wrong, Rolex is just a commodity now

brandrea · 1 July 2022, 09:16 PM

Holy trinity of hype … nice play on words

Soultime · 1 July 2022, 09:35 PM

At least with it being Bloomberg you know it's a business story from someone with credentials - as opposed to all the stuff from various people (YT etc) with a vested interest.

I thought it was a good article.

1st amg · 1 July 2022, 10:19 PM

Good article, makes a lot of sense

Kevin of Larchmont · 1 July 2022, 10:42 PM

Those who bought for love didn’t lose a penny.

JayHantz · 1 July 2022, 10:52 PM

Quote:

Originally Posted by brandrea

Holy trinity of hype … nice play on words

I liked that too!

amh · 2 July 2022, 01:00 AM

Quote:

Originally Posted by Kevin of Larchmont

Those who bought for love didn’t lose a penny.

Some paid more for that 'love' than necessary

Jpccarguy · 2 July 2022, 01:12 AM

Not sure a lot of TRF’ers learned a lot not already known. Just info reaching the non-cognoscenti.

C0d · 2 July 2022, 01:12 AM

Facts but IBTL

Turbo Racer · 2 July 2022, 02:27 AM

Interesting read. I did find those price graphs pretty far off from reality. Also, interesting to note that this was an opinion piece. Thanks for sharing!

askdanny · 2 July 2022, 03:26 AM

Although the black dial Daytona is more like at 33K, not 44K. The drop is steeper.

garyk · 2 July 2022, 03:37 AM

Quote:

Originally Posted by askdanny

Although the black dial Daytona is more like at 33K, not 44K. The drop is steeper.

Holy smokes....still expensive...

sski · 2 July 2022, 03:40 AM

the gist of the article is this--- 'it's happening!'

jfmiii · 2 July 2022, 04:15 AM

Quote:

Originally Posted by askdanny

Although the black dial Daytona is more like at 33K, not 44K. The drop is steeper.

They're probably lower. They are sitting unsold at 31-32k. Saw a 2017 white dial sell on Moda for $30,900 today. It was well worn but that feels like a new low. Can only imagine what these are trading for in true wholesale venues. Heard $26k a few weeks ago for a black dial and who knows what now.

Incroyable12 · 2 July 2022, 09:19 AM

Let's hope all those peripheral models that got hyped up in the frenzy like the PP 3800 and AP 14790 all come down to their pre-Covid prices.

Moka-Tiger · 2 July 2022, 07:34 PM

The sky is falling, or so says Bloomberg, in writing a "fad of the moment" article. While prices have fallen indeed, they haven't gone down that much so far according to the graphs. Although some pointed out, the prices might not be that high as of today. Still, what does this mean? That buying lower than MSRP is just around the corner? And Rolex AD cases will be overflowing again soon? At my age, I hope I live long enough to see it.

I see this current situation as a correction but not a long-lasting trend. I see prices stablizing. I don't see the kind of hype we saw in the past few years returning soon. On the other hand, with so many more consumers in all parts of the world these days seeking Rolex watches, there are still far more seekers than watches, especially for popular models. The global market is no longer the 1st world consumers, i.e., NA and Europe who were the backbone buyers years ago. IMHO, there will still be a trickle effect when it comes to buying Rolexes at ADs and the grays who know how to do business right will still continue to exist side by side ADs.

zen watch · 2 July 2022, 07:38 PM

You can’t put a price on love. Lol.

https://www.youtube.com/watch?v=WVuHP4BoVv4

Quote:

Originally Posted by amh

Some paid more for that 'love' than necessary

Chester01 · 2 July 2022, 10:21 PM

Hmm, you mean the market does not always just head up huh. Wow.

1 July 2022, 03:28 PM	#1
temporarychicken "TRF" Member Join Date: May 2021 Location: UK Posts: 206	Interesting Article from Bloomberg https://www.bloomberg.com/opinion/ar...piguet-watches

1 July 2022, 07:20 PM	#3
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,137	Glad coverage is being given on way down! Sent from my iPhone using Tapatalk __________________ Instagram: @watches_anonymous

1 July 2022, 08:33 PM	#6
Langnam "TRF" Member Join Date: Jul 2006 Location: USA Posts: 971	Nearly one million Rolex produced annually described as an “alternate asset class.” Haha. Sent from my iPhone using Tapatalk __________________ PLVS VLTRA

2 July 2022, 03:26 AM	#17
askdanny "TRF" Member Join Date: Jan 2016 Location: HND/SEA/CDG/AMS Watch: Clock on my A330 Posts: 779	Although the black dial Daytona is more like at 33K, not 44K. The drop is steeper. __________________ Rolex stories you won't find anywhere else: https://coron.et

1 July 2022, 03:44 PM	#2
doboy007 "TRF" Member Join Date: Oct 2017 Location: SD, CA Watch: BLNR/LVc/SkyD/ND41 Posts: 2,519	Article pretty much echoing what everyone else is saying.

1 July 2022, 07:54 PM	#4
alphadweller "TRF" Member Join Date: Nov 2019 Real Name: Vic Location: Spain Watch: SD43 Posts: 6,198	The bubble burst is official in the secondary market but it doesn't make hot models easier to get at retail price as demand is still strong.

1 July 2022, 09:16 PM	#8
brandrea 2024 SubLV41 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 78,097	Holy trinity of hype … nice play on words

1 July 2022, 09:35 PM	#9
Soultime "TRF" Member Join Date: Oct 2016 Location: Cheshire UK Posts: 1,071	At least with it being Bloomberg you know it's a business story from someone with credentials - as opposed to all the stuff from various people (YT etc) with a vested interest. I thought it was a good article.

1 July 2022, 10:19 PM	#10
1st amg 2024 SubLV41 Pledge Member Join Date: Jun 2013 Real Name: nicholas Location: ottawa canada Watch: Rolex,AP,Panerai Posts: 10,409	Good article, makes a lot of sense

1 July 2022, 10:42 PM	#11
Kevin of Larchmont 2024 Pledge Member Join Date: Jul 2016 Location: The Ice House Watch: Ingersoll Mickey Posts: 3,393	Those who bought for love didn’t lose a penny.

2 July 2022, 01:12 AM	#14
Jpccarguy 2024 Pledge Member Join Date: Dec 2019 Location: In the Present Posts: 1,018	Not sure a lot of TRF’ers learned a lot not already known. Just info reaching the non-cognoscenti.

2 July 2022, 01:12 AM	#15
C0d Banned Join Date: Jun 2020 Location: Kanata Watch: Dog Posts: 815	Facts but IBTL

2 July 2022, 02:27 AM	#16
Turbo Racer "TRF" Member Join Date: May 2021 Location: USA Watch: Rolex and Patek Posts: 1,027	Interesting read. I did find those price graphs pretty far off from reality. Also, interesting to note that this was an opinion piece. Thanks for sharing!

2 July 2022, 03:40 AM	#19
sski "TRF" Member Join Date: Dec 2017 Location: FL Watch: ♛ & ✠ Posts: 943	the gist of the article is this--- 'it's happening!'

2 July 2022, 09:19 AM	#21
Incroyable12 "TRF" Member Join Date: Jan 2013 Location: USA Posts: 1,109	Let's hope all those peripheral models that got hyped up in the frenzy like the PP 3800 and AP 14790 all come down to their pre-Covid prices.

2 July 2022, 07:34 PM	#22
Moka-Tiger "TRF" Member Join Date: Feb 2021 Location: Japan Watch: The 1 on my wrist Posts: 122	The sky is falling, or so says Bloomberg, in writing a "fad of the moment" article. While prices have fallen indeed, they haven't gone down that much so far according to the graphs. Although some pointed out, the prices might not be that high as of today. Still, what does this mean? That buying lower than MSRP is just around the corner? And Rolex AD cases will be overflowing again soon? At my age, I hope I live long enough to see it. I see this current situation as a correction but not a long-lasting trend. I see prices stablizing. I don't see the kind of hype we saw in the past few years returning soon. On the other hand, with so many more consumers in all parts of the world these days seeking Rolex watches, there are still far more seekers than watches, especially for popular models. The global market is no longer the 1st world consumers, i.e., NA and Europe who were the backbone buyers years ago. IMHO, there will still be a trickle effect when it comes to buying Rolexes at ADs and the grays who know how to do business right will still continue to exist side by side ADs.

2 July 2022, 10:21 PM	#24
Chester01 "TRF" Member Join Date: Jun 2018 Location: East Coast Watch: 16610 Posts: 4,933	Hmm, you mean the market does not always just head up huh. Wow.

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