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12 May 2022, 12:54 AM | #91 | |
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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12 May 2022, 12:57 AM | #92 |
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That’s an observation not an attack. You have not been able to grasp this free market explanation as to what’s happening.
Let me give you an example of an attack. just to help you out. “That guy sure is unethical for conducting his business practices in a way I don’t approve.” That’s a personal attack.
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
12 May 2022, 01:04 AM | #93 |
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I am not typically a gloom and doom guy but I believe a big reset is coming. All across the board and luxury items are going to get hit hard which has been bulletproof last 3-4 years
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12 May 2022, 01:08 AM | #94 |
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I had said it in another post. When david sw prices adjust that is when I will believe things are cooling down. He is the first to raise prices and the last to lower.
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12 May 2022, 01:08 AM | #95 |
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I think the Watchbox is a 'good idea' and also agree it takes some of the fun out of the chase. It's certainly not a 'bad idea'....I mean here we are talking about it so it does get some attention.
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12 May 2022, 01:13 AM | #96 | |
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By the way, have you seen how cheap luxury cars are recently? You can buy a super nice Lamborghini or Ferrari for well under $100,000 aka, the price of two Daytona’s a few months ago lol |
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12 May 2022, 01:32 AM | #97 |
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Stonks UP today so it's all over.
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12 May 2022, 01:32 AM | #98 | |
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Hodinkee/Crown&Caliber have 2500 watches in stock, the Watchbox has 2000 and across a broad range of price points. Tourneau is probably buying 200 watches a week. I am not sure this one grey dealer who is popular on these forums is the market mover. You'd probably get a better sense for the market pounding the pavement in HK or on 47th. |
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12 May 2022, 01:34 AM | #99 |
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Don’t get me wrong I love david sw. I just use him as an indicator as to where prices are actually at. I wanted to clarify that he is my go to watch guy. I have bought 6 from him in 3 years. Love David sw
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12 May 2022, 01:44 AM | #100 |
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As fun as it is to say words like "veblen", "China lockdown", "inflation", "beenie baby", "tulip", "crash" and "correction", no one really knows anything. But enjoy trying!
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12 May 2022, 01:46 AM | #101 | |
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12 May 2022, 02:13 AM | #102 |
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12 May 2022, 02:16 AM | #103 |
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Inflation hit the peak of 8.5%, last month was 8.3%. You will see a dip in gas, houses, used cars, etc. The watch market will follow.
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12 May 2022, 02:33 AM | #104 |
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12 May 2022, 02:41 AM | #105 | |
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The raising inflation rate is a result of the higher prices. The ceiling was 8.5%. The “dip” to 8.3% last month was the first sign of the inflation rate lowering, thus a reflection of the prices. If the prices were still going up, so would the inflation rate.
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12 May 2022, 02:42 AM | #106 |
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It is too soon to make any assumptions regarding the future pricing of Rolex watches, prices are soft now and there is no doubt about it but that does not mean it is going to crash, as of now prices have slightly adjusted and are close to what they were in the beginning of the year.
I believe such adjustment is very much needed since pricing has gone really crazy and many people stopped buying as they either no longer can afford it or they have no interest in paying the asking prices, as such the watch market has become so stagnated in last few months that most Grey dealers would actually welcome the drop as it will help them move their inventory. The profit margin that many Grey dealers set is between 20% to 30% depending on model, and prices are down by 10% so they are still well covered and there is some room for prices to go even lower. Having said that, I believe prices will stabilize within a month or so, and might even go up a little, anyone thinks that the bubble will burst I'm sorry to say that it won't happen any time soon as long as ADs still have empty watch cases for display! ADs still have long waiting lists and even if 50% drop out they won't be able to fulfill especially for hot SS pieces |
12 May 2022, 02:43 AM | #107 |
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it's gonna come down more
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12 May 2022, 02:52 AM | #108 |
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whats harder to get at msrp...a SS daytona or a platinum daytona? I imagine SS many more can be made, but many more people can afford. Platinum far fewer are made but far fewer can afford. Does it essentially balance out? I saw someone post yesterday that an AD said they could get him a PM daytona anytime but SS would be a long wait, so made me wonder
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12 May 2022, 02:58 AM | #109 | |
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Yeah that’s where my head is at. Greys, Trusted Sellers, call em what you will can drop a White dial 116500 BNIB to the mid 20k range but good luck getting one at MSRP. However would it still be nice to not get as I say ‘knocked upside the head’ when buying one Grey and other models in those ranges? Sure. Anything is better than 2-300% over list. Thankfully I’m pretty much satisfied with my collection other than this 505 so I’m just gonna sit back and see what happens. Good luck to everyone who has to go Grey and I hope all of you get better pricing Sent from my iPhone using Tapatalk
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12 May 2022, 03:08 AM | #110 | |
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Watchbox goes after the higher end client and they try to control the market on FPJ, LANGE and other esoteric stuff, they also buy a lot of junk, Crown and Caliber buys ALOT of junk brands that others won't buy and they get stuck with it. Damaged watches. TAGS. Breitlings....etc That's why they have thousands of watches in inventory. That's also why they are panicking . |
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12 May 2022, 03:15 AM | #111 | |
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It's not illegal, I think it is unethical but market manipulation is so pervasive in our society it's tough to throw stones, objectively though it is unnecessary self serving valueless friction in the market that I would like to see die in a fire. |
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12 May 2022, 03:16 AM | #112 |
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12 May 2022, 03:22 AM | #113 |
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You accused me in a similar thread of "trying to prop up a falling market with false narratives for their own benefit" i.e. lying. I think you are the one who is resorting to personal attacks, and it isn't appreciated.
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12 May 2022, 03:23 AM | #114 |
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Maybe, but they all show the going up can't last forever and that is about as close to certain as one can get. The only real debate is when and where and lets not forget, no one needs wrist watches and the majority here likely use their phone truth be told.
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12 May 2022, 03:26 AM | #115 | |
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12 May 2022, 03:27 AM | #116 | |
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12 May 2022, 03:31 AM | #117 |
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The only folks who get hurt in this used watch market are those who bought at the very top. The dealers will be fine. Their "buy" prices dropped long before the "sell" prices softened. Any savvy dealer knew the recent spike up was not sustainable.
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12 May 2022, 03:33 AM | #118 |
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Untrue. I said “These people” in response to a post that was referring to this group which you are not even in: “No sense trolling people who bought grey in the last couple years.” Never singled you or anyone else out. And that comment was only referring to the subset of that group that are trying to influence the market with a narrative that most can plainly see is untrue at this point.
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12 May 2022, 03:40 AM | #119 | |
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12 May 2022, 04:05 AM | #120 |
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Here's one posted on TRF.https://www.rolexforums.com/showthread.php?t=853971
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