Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[Incroyable12]

Originally Posted by huncho

it's bad but it's also lagging. a lot of commodities are down quite a bit since june. hopefully that was the peak % wise but now will be interesting to see the rate at which it'll go down (if it does)

Oil is down and construction commodities are down because of a slowdown in Chinese construction due to the real estate clampdown there.

[emersm]

Originally Posted by GGGMT

Padi56 voices such an important perspective and reminder here about what brought us all (most) together in the first place: the history, Beauty, stories, engineering, an intrigue of watches.


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This ^^

[snyde]

Originally Posted by padi56

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

Thank you.


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[Polar Bear]

As someone who only buys 1 piece a year (in the 5k to 10k range, Seikos dont count) my watch fund has taken a real beating these last few months
Interest rates here have risen 1.25% in 3 months, equaling an increase in my mortgage payment of around $250/month
Now, i'm financially secure enough for that to not really have me out on the street, but the $250/month had to come from somewhere and so my watch fund has taken a hit

There's no end in sight here, so even if someone offered me an Ex2 at retail, i couldnt justify picking it up when i'm staring down the barrel of a possible $1000/month increase in my outgoings

[JWillard]

Originally Posted by Polar Bear

As someone who only buys 1 piece a year (in the 5k to 10k range, Seikos dont count) my watch fund has taken a real beating these last few months
Interest rates here have risen 1.25% in 3 months, equaling an increase in my mortgage payment of around $250/month
Now, i'm financially secure enough for that to not really have me out on the street, but the $250/month had to come from somewhere and so my watch fund has taken a hit

There's no end in sight here, so even if someone offered me an Ex2 at retail, i couldnt justify picking it up when i'm staring down the barrel of a possible $1000/month increase in my outgoings

No fix rate in AUS for mortgage

[mountainjogger]

Originally Posted by Polar Bear

As someone who only buys 1 piece a year (in the 5k to 10k range, Seikos dont count) my watch fund has taken a real beating these last few months
Interest rates here have risen 1.25% in 3 months, equaling an increase in my mortgage payment of around $250/month
Now, i'm financially secure enough for that to not really have me out on the street, but the $250/month had to come from somewhere and so my watch fund has taken a hit

There's no end in sight here, so even if someone offered me an Ex2 at retail, i couldnt justify picking it up when i'm staring down the barrel of a possible $1000/month increase in my outgoings

Well that bites. Any way to get a fixed rate so you have piece of mind?

[GB-man]

Originally Posted by JWillard

No fix rate in AUS for mortgage

That seems almost criminal.

[JWillard]

Originally Posted by GB-man

That seems almost criminal.

I was asking if they do have fix rate, sorry for my poorly question structure, but anyhow i am not sure why anyone would take an adjustable rate

[amh]

Originally Posted by JWillard

No fix rate in AUS for mortgage

Wow, didn't even know that was a thing.
https://www.abc.net.au/news/2022-02-...rate/100802860

Originally Posted by JWillard

I was asking if they do have fix rate, sorry for my poorly question structure, but anyhow i am not sure why anyone would take an adjustable rate

Only if forced to!

[pursang_]

Moda check:

10/20 126610LN sold at auction for 12.7k

5/21 Panda sold for about 32.5k.

Panda w/ papers listed 10 hours ago for 32k. Still available

7/22 RG Olive DD40 sitting at 59k

7/22 Leftie GMT sitting at 33k (not a shocker)

6/22 Starbucks/Cermit sitting at 16.5k

07/22 BLNR Jubilee sold for 18.5k

Naked BLNR Jubilee sitting at 16.2k

Naked Pepsi sitting at 17.9k

06/22 Regular green OP41 sitting at 12.5k

05/2020 John Mayer Daytona listed an hour ago for 79k. Presently an auction is active for this reference with a current bid of 76k

G-serial black 116520 sold for ~21k

[brandrea]

Originally Posted by JWillard

I was asking if they do have fix rate, sorry for my poorly question structure, but anyhow i am not sure why anyone would take an adjustable rate

In our country over the long term, an adjustable rate mortgage is mostly always cheaper.

https://www.cmls.ca/brokers/download...qBWMhyhO--UdEo

[Vince_76]

Originally Posted by pursang_

Moda check:

10/20 126610LN sold at auction for 12.7k

5/21 Panda sold for about 32.5k.

Panda w/ papers listed 10 hours ago for 32k. Still available

7/22 RG Olive DD40 sitting at 59k

7/22 Leftie GMT sitting at 33k (not a shocker)

6/22 Starbucks/Cermit sitting at 16.5k

07/22 BLNR Jubilee sold for 18.5k

Naked BLNR Jubilee sitting at 16.2k

Naked Pepsi sitting at 17.9k

06/22 Regular green OP41 sitting at 12.5k

05/2020 John Mayer Daytona listed an hour ago for 79k. Presently an auction is active for this reference with a current bid of 76k

G-serial black 116520 sold for ~21k

Thanks for this.

Not to mention the RG Olive DD40 sitting at 54k (full set).

Like I said, someone please give me a defensible argument as to why we’re near the bottom…

[HelloMelo]

Originally Posted by pursang_

Moda check:

10/20 126610LN sold at auction for 12.7k

5/21 Panda sold for about 32.5k.

Panda w/ papers listed 10 hours ago for 32k. Still available

7/22 RG Olive DD40 sitting at 59k

7/22 Leftie GMT sitting at 33k (not a shocker)

6/22 Starbucks/Cermit sitting at 16.5k

07/22 BLNR Jubilee sold for 18.5k

Naked BLNR Jubilee sitting at 16.2k

Naked Pepsi sitting at 17.9k

06/22 Regular green OP41 sitting at 12.5k

05/2020 John Mayer Daytona listed an hour ago for 79k. Presently an auction is active for this reference with a current bid of 76k

G-serial black 116520 sold for ~21k

Thanks for this! Hulks seem to be in a big spiral down as well.

[dmash]

Originally Posted by brandrea

In our country over the long term, an adjustable rate mortgage is mostly always cheaper.

https://www.cmls.ca/brokers/download...qBWMhyhO--UdEo

The problem with variable here in US (speaking from experience being in low 30’s and having many friends around this age) is that you’ve got a fair amount of people who get mortgages at the *best* interest rate and are completely tapped out at that point. So when rates shoot up they no joke, don’t have the hundreds extra to cover it. I am witnessing firsthand some acquaintances genuinely worried about making ends meet in the present/near future…it’s nuts to me, I could never live on that thin of a margin.

[JWillard]

Originally Posted by brandrea

In our country over the long term, an adjustable rate mortgage is mostly always cheaper.

https://www.cmls.ca/brokers/download...qBWMhyhO--UdEo

From doing little bit of research looks like AUS inflation rate is one of the lowest currently in the world which is good, personally I could never do adjustable rate unless it
It was ballon style to pay mortgage off in a few year, but could do an arm type mortgage not sure what all AUS has for mortgage types

[Mini2]

Originally Posted by Incroyable12

Oil is down and construction commodities are down because of a slowdown in Chinese construction due to the real estate clampdown there.

evergrande

[904VT]

It should be obvious now that it was the exiting crypto money. Now hopefully we can walk in and purchase a GMT Master like we always should’ve been able to do.

[Porkbelli]

Originally Posted by pursang_

Moda check:

10/20 126610LN sold at auction for 12.7k

5/21 Panda sold for about 32.5k.

Panda w/ papers listed 10 hours ago for 32k. Still available

7/22 RG Olive DD40 sitting at 59k

7/22 Leftie GMT sitting at 33k (not a shocker)

6/22 Starbucks/Cermit sitting at 16.5k

07/22 BLNR Jubilee sold for 18.5k

Naked BLNR Jubilee sitting at 16.2k

Naked Pepsi sitting at 17.9k

06/22 Regular green OP41 sitting at 12.5k

05/2020 John Mayer Daytona listed an hour ago for 79k. Presently an auction is active for this reference with a current bid of 76k

G-serial black 116520 sold for ~21k

Thanks for the check. I hope you can do this every few days.

[enjoythemusic]

Originally Posted by pursang_

Moda check....

If I may humbly ask, please be sure to post if these are NIB, sliders, just watch and card, or just the watch. Many thanks so as you update pricing, condition/etc is also outlined.

Thanks

[JRedford]

What is a slider?

[PBJ1925]

Originally Posted by JRedford

What is a slider?

Unfortunately a term widely used by sellers to describe a like new but not new watch. Very subjective, caveat emptor.


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[JRedford]

Originally Posted by PBJ1925

Unfortunately a term widely used by sellers to describe a like new but not new watch. Very subjective, caveat emptor.


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Ok thank you.

[amh]

Originally Posted by 904VT

It should be obvious now that it was the exiting crypto money. Now hopefully we can walk in and purchase a GMT Master like we always should’ve been able to do.

Mwhaahhaaa!

I'm settling in for a multi-year wait before I get 'the call' But I have learned some lessons: No more jewelry, no more Omega.

[eijiboy]

Originally Posted by pursang_

Moda check:

10/20 126610LN sold at auction for 12.7k

5/21 Panda sold for about 32.5k.

Panda w/ papers listed 10 hours ago for 32k. Still available

7/22 RG Olive DD40 sitting at 59k

7/22 Leftie GMT sitting at 33k (not a shocker)

6/22 Starbucks/Cermit sitting at 16.5k

07/22 BLNR Jubilee sold for 18.5k

Naked BLNR Jubilee sitting at 16.2k

Naked Pepsi sitting at 17.9k

06/22 Regular green OP41 sitting at 12.5k

05/2020 John Mayer Daytona listed an hour ago for 79k. Presently an auction is active for this reference with a current bid of 76k

G-serial black 116520 sold for ~21k

Add NIB sd43 with sticker no box and card for 12850. Below MSRP now. Cheaper than AD.

[garyk]

Where I’m from, a slider comes from White Castle!!

[garyk]

He said Panda lol…




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[pursang_]

Moda auctions:

a worn but great condition 10/2019 full set YG green dial Daytona sold for 75.7k

Great condition white 116520 APH dial with box and '15 card sold for 24.5k

[TheVTCGuy]

Originally Posted by garyk

Where I’m from, a slider comes from White Castle!!

Brought back memories of my meals on USS Saratoga during Desert Storm…

[dmash]

Originally Posted by garyk

Where I’m from, a slider comes from White Castle!!

Hahahahahha I was thinking the same thing, White Castle/Krystal. Slider is definitely a new term, been around watches for going on 15 years and never heard it!

[Incroyable12]

Things like naked and slider must be dealer speak.

Even if you've been into watches for a long time you may not be familiar with that kind of lingo.