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3 January 2023, 11:17 AM | #1 |
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TT increase reasoning
Good evening.
Does anyone have a theory on why tt saw increase of a decent %? |
3 January 2023, 11:22 AM | #2 |
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Could be people settling since the SS are hard to get? Although the SS—as TT—seem to be coming down a bit.
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3 January 2023, 11:23 AM | #3 |
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Probably because Rolex employs a team of people to determine pricing, and whatever data they used to inform their decision led them to believe the most recent increase in price was a good choice for TT models.
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3 January 2023, 11:25 AM | #4 |
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Gold costs increasing?
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3 January 2023, 11:25 AM | #5 |
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Many thanks for the constructive insight. Happy you could chime in.
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3 January 2023, 11:31 AM | #6 |
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3 January 2023, 11:34 AM | #7 |
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Because TT is awesome, that’s why.
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3 January 2023, 12:48 PM | #8 |
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With precious metal Rolexes getting more scarce, maybe the demand for two tone watches is up.
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3 January 2023, 12:58 PM | #9 |
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I have a conspiracy theory, if you can call it that.
TT rolexes haven’t been popular for the past few years, which is well known and whilst I appreciate this makes no sense in the real world, just put your Rolex head on. Rolex bump their prices up, the market thinks perhaps they are becoming more in demand why, why etc. etc and thus the attention angles towards them, it creates a wave of curiosity such as threads like this, people buy. I’m being serious too.. stranger things have happened. I also appreciate it could be less are being made, price of PM etc. but that isn’t as fun is it? |
3 January 2023, 01:26 PM | #10 |
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Sold my SS sub this year to get back into a TT sub. All SS just does not feel special anymore.
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3 January 2023, 01:28 PM | #11 |
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My guess was possibly the price of PM's to Rolex but all of these other theories have me thinking now...
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3 January 2023, 02:33 PM | #12 |
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I would say Rolex knows that a first time Rolex buyer at AD would be a TT, therefore they raised more on TT. Just my two cents
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3 January 2023, 03:28 PM | #13 |
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That's not it.
I wish it was. When I moved into commodities last year (a good financial move for me, overall), I put a chunk of it into GLD. It would be nice to see that make a move upward.
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3 January 2023, 03:50 PM | #14 |
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3 January 2023, 04:03 PM | #15 |
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TTs died from the late 90s until a few years ago. Resurrected a short while ago thanks largely to the CHNR. TTs are having their next renaissance and Rolex has identified that. And no, it isn’t buyers settling for TT because there’s no all SS available. There’s genuine demand again.
Bedllbotttoms have also reemerged on the fashion scene
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3 January 2023, 04:18 PM | #16 |
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And are about as classy
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3 January 2023, 04:26 PM | #17 |
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3 January 2023, 04:26 PM | #18 |
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My unfounded theory is that they are responding to higher demand for SS watches by dedicating more finite production capacity to SS at the expense of TT production. Since ADs have to buy whatever assortment Rolex sends them, Rolex mitigates some of the lost margin on lower volume TT sales with a price increase on TT
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3 January 2023, 05:17 PM | #19 |
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because nobody wants them so rolex make fewer of them, which increases the cost of making TT watches.
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3 January 2023, 05:31 PM | #20 |
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3 January 2023, 06:27 PM | #21 |
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Gold is up approximately 15% on last year, but that jump occurred in March 2022 and then the price has bumbled along around the £1500 mark ever since
Could be that Rolex didn’t fully reflect the increase in the underlying cost to them in September, hence the further increase now? |
3 January 2023, 06:42 PM | #22 |
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I'm not sure its about first time buyers? If so, less popular models like the YM40 would have also increased but they didn't rise at all.
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3 January 2023, 11:35 PM | #23 |
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They are relatively unpopular. Raising the price allows ADs to 'discount' and make customers think they got a great deal. Just like the olden days.
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3 January 2023, 11:42 PM | #24 |
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Because probably this year the gold is going to come up.
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4 January 2023, 12:19 AM | #25 | |
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Quote:
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4 January 2023, 03:03 AM | #26 |
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A lot of things mentioned here could be true but here’s my perspective. My family is currently in the market for family rings. After we chose the design, one family member already purchased theirs at a specific price. The rest of us were traveling and when we visited the jeweler last week, we were told that the rest of the rings (same design) will have a significant mark up due to gold price rising. As soon as I saw the news about the TT’s it kind of made sense to me. Just my two cents! Happy New Year everyone!
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4 January 2023, 03:45 AM | #27 |
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Simple supply and demand. SS is scarce so folks started looking at the TT models. The TT Daytonas and Explorer 1 were obtainable until now that they also are scarce.
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4 January 2023, 03:50 AM | #28 |
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4 January 2023, 04:00 AM | #29 |
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Wow, the amount of people here who believe Rolex sets their prices based on perceived demand of a reference is astounding.
Let us know when you've been able to purchase one at a discount. |
4 January 2023, 04:49 AM | #30 |
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