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29 November 2023, 09:47 PM | #31 |
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Watch: Blue SkyD
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29 November 2023, 09:48 PM | #32 | |
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Location: Florida
Watch: Sub, DJ41, GMT
Posts: 7,231
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Quote:
I blame the media. People see reports from major news outlets that the rate of inflation is lower. But all that means is that inflation is still rising but the rate at which it is rising is not as severe. The problem is that journalists often don’t understand this, and if they don’t understand it, then they can’t effectively articulate it to the masses. Sent from my iPhone using Tapatalk |
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29 November 2023, 10:24 PM | #33 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Jun 2010
Real Name: Tony
Location: London, England
Watch: Hmmm...
Posts: 2,479
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Plus ça change...
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29 November 2023, 11:43 PM | #34 | |
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Agree 100% 2023 White dial. Absolutely cannot move https://www.rolexforums.com/showthread.php?t=918867 Sent from my iPhone using Tapatalk |
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29 November 2023, 11:57 PM | #35 | |
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Quote:
I don't know the answer to your question, but I was just pointed to a 2023 Deloitte study about the state of the watch industry. You might find your answer there. https://www2.deloitte.com/content/da...dy-2023_EN.pdf The TL;DR version of my article is that India only has 25 Rolex boutiques in a country that has just become the world’s most populous. There is no other place with such a disparity — or such a ratio — between the number of people and the number of Rolex authorized dealers. 1.4 billion for 25? The fact that India is now the fastest growing major economy will only exacerbate the problem. When it comes to India, here's what the Deloitte report said: "The country is attractive not just because of the sheer quantity of potential consumers, but also because of the quality of these consumers. "Increasingly aspirational, with evolving lifestyle preferences and a desire for luxury products that mirror their personal identity and values, Indian consumers have risen into the luxury segment. "By 2028 we predict that export sales of Swiss watches in India will reach over CHF 400 million. We think that India will be in the top 10 of Swiss export markets within a decade." Rolex's Bulle factory won't open until 2029. I do believe India will be, in the next decade, our biggest impediment to Rolex availability.
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30 November 2023, 12:02 AM | #36 |
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Location: HK
Posts: 4,366
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I understand (not surprisingly) very expensive models demand has dropped off a cliff. Maybe it feels like at least back to 2018? (Steel moderate wait, and gold immediate or next one in within 3 months)
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30 November 2023, 06:30 AM | #37 |
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Join Date: Jul 2014
Real Name: Frank
Location: Chicago
Watch: 16570, 1601,
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The market is definitely shifting and there isn’t much that businesses can do when money is scarce and expensive to borrow. We are getting back to reality. Market will still be askew by greys that are buried but the professionals and trusted greys will survive and weed out all the new watch flippers that thought they hit the lotto
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30 November 2023, 07:40 AM | #38 | |
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Watch: 16710 BLRO
Posts: 117
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Played 'the game' for 1.5 year and stopped in every other month to chit chat and bought the occasional small scale jewelry piece for the wife for xmas or her birthday (nothing I wasn't going to buy somewhere else anyways) to no avail. At this point it is a once every 6 months check in on the ND Sub. |
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3 December 2023, 12:33 AM | #39 | |
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3 December 2023, 12:35 AM | #40 | |
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Join Date: Jan 2022
Location: Charlotte, NC
Watch: Out
Posts: 512
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Quote:
Pm models are going at big discounts in resale. I source bnib white gold sub from nyc 47th for $36,5 Sent from my iPhone using Tapatalk |
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3 December 2023, 04:08 AM | #41 |
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