Pepsi went for whaaaaaaat??

[Piguette]

Silly

[enjoythemusic]

I FIGURED OUT THE MYSTERY

Rolex is desperate to fill AD orders, thereby reducing the availability complaints on TRF. The factory is buying every piece they can from grey dealers and auction houses, then refurb'ing them to fill AD orders.

[horseShu]

Someone is trying to experiment if they can make the GMT go for Daytona levels of pricing.

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[Johnpierpontmorgan]

pepsi
daytona
nautilus



BNIB grey trading close to 2x retail price.




and 20 years old preowned trading at current model retail price




they are the king of kings




no other stainless steel sports normal production watches can come close to rolex and patek




but rolex has much more market demand across all its other sports model ranging from explorers to divers



Rolex number 1
patek number 2

[omx5o]

Hate to break the news but fiat currency ain't what it used to be.

[Jostack]

Originally Posted by omx5o

Hate to break the news but fiat currency ain't what it used to be.

Ahh, but isn’t that a defining characteristic of fiat currency?

[enjoythemusic]

Originally Posted by Jostack

Ahh, but isn’t that a defining characteristic of fiat currency?

True that. The privately-owned Federal Reserve's Dollar debt currency product is devalued well over 95% since inception.

Easy math, as 2% inflation compounded annually over a mere 20 years is ~50% devaluation of said currency. So when you're 20 and starting a 'real job', prices should double (half value) by the time you're only 40. It doubles again (half value) by the time you're hoping to retire at 60.

[jaisonline]

I sometimes wonder about online auction results like are some prices fabricated just to keep up prices.

[Dino77]

Laundering this is why

[Rolexlov]

Very unique scenario, not common, this is almost the price to buy a WG Daytona, and you can buy a new one around CHF 16,500

[Johnpierpontmorgan]

https://www.youtube.com/watch?v=0m808FcxWYI

[BDL]

A Solid Gold Sub sold for less. Sorry but that is dumb.

[enjoythemusic]

Originally Posted by Johnpierpontmorgan

https://www.youtube.com/watch?v=0m808FcxWYI

Interesting art auction results. Seems the old axiom is correct, "cash is trash".

[Johnpierpontmorgan]

Originally Posted by enjoythemusic

Interesting art auction results. Seems the old axiom is correct, "cash is trash".

u get the point

[Posh Gentleman]

irrational pricing can happen from time to time, especially when the outstanding float is low (# of available units to trade, given characteristics, uniqueness, etc) and the "story" is sold well to people with deep pockets.

Look at some stocks that went up 10 times past 2 years. Shares of Shopify traded at below $100 just couple of years prior. Now it's close to $1k a share. I have a couple of coworkers that became millionaires with this stock, past year.

Yes, shares of Shopify are grossly over valued based on any financial metric you look at. What's happening here is that float is low and the CEO / management are very skilled at selling themselves as the company of future.

[1665fan]

Originally Posted by Posh Gentleman

irrational pricing can happen from time to time, especially when the outstanding float is low (# of available units to trade, given characteristics, uniqueness, etc) and the "story" is sold well to people with deep pockets.

Look at some stocks that went up 10 times past 2 years. Shares of Shopify traded at below $100 just couple of years prior. Now it's close to $1k a share. I have a couple of coworkers that became millionaires with this stock, past year.

Yes, shares of Shopify are grossly over valued based on any financial metric you look at. What's happening here is that float is low and the CEO / management are very skilled at selling themselves as the company of future.

That makes sense and probably hit the nail on the head

[Johnpierpontmorgan]

Originally Posted by Posh Gentleman

irrational pricing can happen from time to time, especially when the outstanding float is low (# of available units to trade, given characteristics, uniqueness, etc) and the "story" is sold well to people with deep pockets.

Look at some stocks that went up 10 times past 2 years. Shares of Shopify traded at below $100 just couple of years prior. Now it's close to $1k a share. I have a couple of coworkers that became millionaires with this stock, past year.

Yes, shares of Shopify are grossly over valued based on any financial metric you look at. What's happening here is that float is low and the CEO / management are very skilled at selling themselves as the company of future.

Compared to so many overvalued traditional (insane P/E ratios) and alternative investments such as sneakers air Jordan’s and Lego.

Watches trading at these prices are relatively good store of value compared to china made plastic toys or shoes or overpriced stock markets

[Posh Gentleman]

Originally Posted by Johnpierpontmorgan

Compared to so many overvalued traditional (insane P/E ratios) and alternative investments such as sneakers air Jordan’s and Lego.

Watches trading at these prices are relatively good store of value compared to china made plastic toys or shoes or overpriced stock markets

Not saying many stocks are not over valued, because they are even with the most rosy of projections (Shopify), but you don't value certain stocks using PE ratio. PE ratio is useful for asset-heavy businesses with predictable / low earnings growth.

Stock picking is combination of art and science. It is about projecting cash flow growth and margins from that cash flow growth, out into future. As you can see, a lot of variables and speculation can go into this.

You'd have missed out buying AMZN when it was $150 a share several years prior, using PE ratio, thinking it was "over valued" at that time.

And yea, I don't understand why some people would pay $1-2k for a China factory made Air Jordan sneakers.. but then again, I am sure some others would look at my Rolex GMT's and wonder why I would drop $12-16k on a steel watch when you can get an Omega for a fraction of that price.

I try not to critique people's purchase decisions.. as long as it's within reason. We all have different tastes.

[putterlert]

As much as I would like to believe (being a Pepsi owner myself) that someone willingly paid this much for it, we have to consider the possibility that Rolex (yes, Rolex) was a player in this.

What better way to firm up prices post COVID by shilling your watches in a Geneva auction? Let's be real, Rolex is a master of creating artificial demand for their watches -- hence the craziness we have in the SS market today. Makes sense that most winning bids came from phone buyers too.

Also, most rich people aren't stupid, or else they wouldn't stay rich for long...

Definitely very fishy, be it money laundering or Rolex doing some shenanigans.

[Wahlberg]

Originally Posted by Posh Gentleman

Look at some stocks that went up 10 times past 2 years. Shares of Shopify traded at below $100 just couple of years prior. Now it's close to $1k a share. I have a couple of coworkers that became millionaires with this stock, past year.

That's still a lot of money they had to be putting into that specific stock.

[Henrimontgomery]

Originally Posted by jaisonline

I sometimes wonder about online auction results like are some prices fabricated just to keep up prices.

Might be. I’ve downloaded all 16710 prices from Chrono24 two weeks ago, and will do the same tomorrow. From what I’ve seen, mean prices are increasing but without all the data, can’t be sure.

[moneymike83]

I didn’t know that Rolex buying there own watches?


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[sgwatchguy]

Originally Posted by moneymike83

I didn’t know that Rolex buying there own watches?


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More conspiracy theory, less fact.

[moneymike83]

Originally Posted by sgwatchguy

More conspiracy theory, less fact.

Rolex is not going to out and say we buy our own watches. No one is crazy about to spend that type of money. You can get the pre owned one today for half of the auction price.


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