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

[SBR]

Originally Posted by dmash

Their asks are starting to become amusing

What's even more amusing would be to ask what he would pay for said watch.

[dmash]

Originally Posted by pursang_

This has been my observation, too. I use the Chrono24 'available now' Panda listings in the US as an indicator.

Prices go lower and lower by the day. Yet inventory is actually up. Few months ago ~80 listings was pretty typical. Now it's around 105

Because people are starting to get scared.

There’s downward price movement but we haven’t even really started, my opinion. Said it before, say it again, I think everything settles back to MSRP aside from steel Daytona and more unicorn pieces like meteorite, maybe even yellow gold/green dial Daytona.

[OH2004]

Originally Posted by pjaffe

So you're saying I shouldn't buy David's for $33k...?

it seems like DavidSW and Takuya prices are 25/35% higher than the market on a lot of their pieces.

https://www.takuyawatches.com/produc...2021-full-set/

https://www.thewatchbox.com/shop/4697074.html

[dmash]

Originally Posted by SBR

What's even more amusing would be to ask what he would pay for said watch.

Haha right?!

I completely get it when a grey offers you ~20% less than their asks on site. Need overhead, profit, etc etc etc. Just nature of business.

But some of these greys are offering less than HALF of what they currently have the watches listed at. That’s absurd.

And I’ve never one time bashed greys on TRF like other people, I completely understand their role and have even dealt with them before. It’s just silly right now though, idk how long they’ll hold out, maybe they have massive cash on reserve, but at some point they’ll have to face the music.

[dmash]

Originally Posted by OH2004

it seems like DavidSW and Takuya prices are 25/35% higher than the market on a lot of their pieces.

https://www.takuyawatches.com/produc...2021-full-set/

https://www.thewatchbox.com/shop/4697074.html

Takuya has a 4500v blue for like $58k. MODA has one at $33k. A SIXTY PERCENT premium

[temporarychicken]

It's interesting to hear these stories regarding tracking particular references on chrono.

I've learnt from this forum that the grey market can exist in two modes, that is, when the aftermarket is above AD price and, when it is below.

What happens if parity is reached with AD pricing? Is this even possible given that AD waitlists would clear, or is there a price delta that must be jumped transiently from above to below?

[1665fan]

Originally Posted by OH2004

it seems like DavidSW and Takuya prices are 25/35% higher than the market on a lot of their pieces.

https://www.takuyawatches.com/produc...2021-full-set/

https://www.thewatchbox.com/shop/4697074.html

Yes they are always super high……and most of the time some of the lowest offers to buy to…..true TAXmasters

[Bobcat Sig]

Originally Posted by temporarychicken

It's interesting to hear these stories regarding tracking particular references on chrono.

I've learnt from this forum that the grey market can exist in two modes, that is, when the aftermarket is above AD price and, when it is below.

What happens if parity is reached with AD pricing? Is this even possible given that AD waitlists would clear, or is there a price delta that must be jumped transiently from above to below?

My guess, and I’m not an economist, would be that AD lists would temporarily clear while willing buyers snap up gray inventory, and give a slight bump in pricing and demand spikes. Once that inventory is gone and those buyers exit the market, the gray prices fall and AD lists see a slight bump as new buyers enter the market while ADs have a bit more inventory.

[Chiboy]

Originally Posted by OH2004

it seems like DavidSW and Takuya prices are 25/35% higher than the market on a lot of their pieces.

https://www.takuyawatches.com/produc...2021-full-set/

https://www.thewatchbox.com/shop/4697074.html

Originally Posted by dmash

Takuya has a 4500v blue for like $58k. MODA has one at $33k. A SIXTY PERCENT premium

Yup. I'm not even looking to buy, but peruse some gray sites and some of their prices seem to be "old" prices, like $200k platinum Daytonas, and then they'll have a new platinum Daytona listing for a similar watch, for like $120k. It's almost like they forgot to adjust all their old ad prices that have been sitting there since things were booming.

I also saw a new 4500v on Moda. I thought the one I saw was maybe $35k, but either way it's a long way from mid 50s.

[soicanbefree]

Originally Posted by dmash

Takuya has a 4500v blue for like $58k. MODA has one at $33k. A SIXTY PERCENT premium

A lot of these guys are potentially in big trouble and this is a sign of it.

The spread at which they worked at was pretty slim while things were hot and moving on up.

Now the bid ask has blown right past their entry points and they can't lower their price without losing a significant amount of money.

In the past DavidSWs prices were very accurate and typically pretty reliably market. What does it tell you when the disconnect has become this bad and they refuse to buy new inventory at any price?

The smartest of the Grey's stopped buying and is doing whatever they can to liquidate. Their little price fixing cartel is now facing reality and the first mover will get the least hurt.

Hope is not a strategy.

[joli160]

Originally Posted by GradyPhilpott

Be nice to Peter. He's contributed more to this forum than you ever will, if you live to be 100.

He's earned his place, so read and learn or move on.

Thank you

[Ensign]

Originally Posted by OH2004

it seems like DavidSW and Takuya prices are 25/35% higher than the market on a lot of their pieces.

https://www.takuyawatches.com/produc...2021-full-set/

https://www.thewatchbox.com/shop/4697074.html

I have noticed DavidSW usually has one hot model that’s closer to market price and other multiples at a “big grey” inflated prices. That’s a great strategy just in case there are any buyers who disregard the price due to being very well heeled or having a unique interest in the watch due to its year (birthyear or anniversary). I would bet the big greys are more open to reasonable offers on their aggressively priced models.

[pursang_]

Moda check:

Clean naked D serial white dial 116520 sitting unsold for a few days at 22.6k

12/21 slider 126610LN w/ only tags sold for 12.9k

Full set 10/21 slider 126610LN sitting over the weekend at 13.5k

Like new w/ some stickers (yet naked) Patek 5167 sitting at 51k

Like new 06/22 Oyster BLRO sitting unsold for 36 hours at 20k

[messikens]

Pursang :: I have nothing else to contribute apart from saying "thank you" for posting all these moda prices here...

Real interesting data points


Sent from my iPhone using Tapatalk

[huncho]

Originally Posted by pursang_

Moda check:

Clean naked D serial white dial 116520 sitting unsold for a few days at 22.6k

12/21 slider 126610LN w/ only tags sold for 12.9k

Full set 10/21 slider 126610LN sitting over the weekend at 13.5k

Like new w/ some stickers (yet naked) Patek 5167 sitting at 51k

Like new 06/22 Oyster BLRO sitting unsold for 36 hours at 20k

how are ROs doing? 37, 41 and chronos?

[Vince_76]

ROs (15450/15500/15550) all tanking and they’re not even moving. Same story with the chronos (26331s). Anyone who thinks this is the bottom is delusional.

[Incroyable12]

The jeweler featured on Producer Michael is starting to liquidate some of his inventory and making it sound like a One Time Only Deal:

https://www.youtube.com/watch?v=bEusozHFS8s

[NeoDough]

Gotta love these guys with their "FINAL" price reductions, usually followed by another "FINAL" reduction.

[GoWarriors]

Originally Posted by Vince_76

ROs (15450/15500/15550) all tanking and they’re not even moving. Same story with the chronos (26331s). Anyone who thinks this is the bottom is delusional.

Can you tell us what they're listed at?

How about any ROO?

[Incroyable12]

I'm also personally interested in seeing how far down PP 3800s fall.

Before this whole craziness, you could get the YG 3800 for around $30k all day long.

[huncho]

Originally Posted by Incroyable12

I'm also personally interested in seeing how far down PP 3800s fall.

Before this whole craziness, you could get the YG 3800 for around $30k all day long.

would love to grab a 3800 one day

[GoWarriors]

Claimed 'BNIB' AP 26420 Taupe listed on C24 at 20% over MSRP.

Hoping I'll be able to get this from AP directly sometime soon... I guess the breakeven for a flipper is around 5% or 10%, given tax?

Getting close to unflippable...

[thekman]

Originally Posted by GoWarriors

Can you tell us what they're listed at?

How about any ROO?

I have seen non blue 15450ST in the mid 30s, non blue 15500 in the mid 40s. i have seen white 15550 in mid 40s and non blue 15510 at 60k. All of these on Moda.

[jfmiii]

Originally Posted by pursang_

Moda check:

Clean naked D serial white dial 116520 sitting unsold for a few days at 22.6k

12/21 slider 126610LN w/ only tags sold for 12.9k

Full set 10/21 slider 126610LN sitting over the weekend at 13.5k

Like new w/ some stickers (yet naked) Patek 5167 sitting at 51k

Like new 06/22 Oyster BLRO sitting unsold for 36 hours at 20k

2021 black 116500 mint with card sitting at $28.7k for a over a day now.

BNIB June 2022 126710BLRO on Oyster just sold for $19.75k via auction.

[dmash]

Originally Posted by huncho

how are ROs doing? 37, 41 and chronos?

Those 50TH edition RO Chronos have lost over ONE HUNDRED THOUSAND DOLLARS. Unreal

[Incroyable12]

There's a factory barked Rolex DD with factory wood dial in excellent condition that's also been sitting around for several days at $27k.

[Incroyable12]

Originally Posted by dmash

Those 50TH edition RO Chronos have lost over ONE HUNDRED THOUSAND DOLLARS. Unreal

That bodes well for the PP 3800 prices.

[2ltdjorn]

Buy to wear, buy at MSRP. Can't go wrong.

[jfmiii]

Originally Posted by Incroyable12

There's a factory barked Rolex DD with factory wood dial in excellent condition that's also been sitting around for several days at $27k.

That thing is absolutely minty. Been watching that one for a few days now.

[dmash]

Originally Posted by Incroyable12

That bodes well for the PP 3800 prices.

I’ll love for RO to get back to $20k new and ROC to get back to mid 25’s new. I’ll pick one up for that, was waiting forever for AP to go in house with their chronos which didn’t happen until 2021. I’m a fan of the removed AP logo and 5 o clock date, some guys hate but I like it.