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

[huncho]

Originally Posted by bluestreak

Except the catalyst for failing prices is the collapse of the world economy. It’s shocking how many people seem giddy at this because it means it will be easier to get a watch.

i (and a few others) got flamed for saying the economy would have to collapse 2008 style for watches to come down in price (to msrp) when everyone was begging and cheering for them to come down to msrp. someone even wrote a giant condescending paragraph using a thesaurus for half of it. well...here we are

ironically it aged terribly while attempting to be a smartass and because i'm petty i dug it up lol :

https://www.rolexforums.com/showpost...&postcount=215

Originally Posted by kirth

It borders on grandiosity to stipulate that a global economic meltdown is necessary for the Rolex market to suffer. Worse still to portray someone who would like to see prices dip below the stratosphere as a supervillain or sociopath. Wanting a Rolex is not an inclination toward eschatology.

The logic of the narrative goes something like this:
The Rolex market can’t return to an approximation of MSRP unless the economy collapses.
You want Rolexes to come down in price; therefore, you want the economy to crash.
In conclusion, you want people to lose their houses, eat rats, and die of scurvy.

Of course, none of the above is true. To elevate watches as an asset class to such Icarian heights is pure hubris, plain and simple.

[lig]

Lol… I wouldn’t even pay MSRP for a new OP.

[Chewbacca]

I’m ruined!

[mountainjogger]

Originally Posted by Chewbacca

I’m ruined!

You call always go live with Blansky. He has a big heart.

[Chewbacca]

Originally Posted by mountainjogger

You call always go live with Blansky. He has a big heart.

Can I sell his sofa?

[mountainjogger]

Originally Posted by Chewbacca

Can I sell his sofa?

No.

[JacksonRain]

This thread needs a JacksonRain market/valuation update on some hot watches.





Sent from my SM-S908U using Tapatalk

[Moondoggy]

I'd rather go through two years of Covid again then pay over MRSP.

[uhren917]

Originally Posted by Moondoggy

I'd rather go through two years of Covid again then pay over MRSP.

Being on a ventilator must have been thrilling for you.

[rolexpatek363]

Originally Posted by Moondoggy

I'd rather go through two years of Covid again then pay over MRSP.

You'd like more deaths, just so you can buy your trinkets?

[bluestreak]

Originally Posted by rolexpatek363

You'd like more deaths, just so you can buy your trinkets?

No real different than all the people almost hoping for global economic collapse so that watch prices will come down.

[1665fan]

Back to the topic at hand……..5 digits haven’t dropped much at all……..exp 2 possibly and some of the daytonas that went bonkers(16520)…..but 16600/16710/16610lv are all holding strong in their respected fields.

[brandrea]

50% off an already ridiculous ask is no “deal”

[Ensign]

Apparently the Rolex market is behaving exactly like any other - what went up the most, is falling the most.

[JWillard]

Originally Posted by Ensign

Apparently the Rolex market is behaving exactly like any other - what went up the most, is falling the most.

Reminds me of gravity

[BillA]

I see no price reductions on 5 digit serial models.
Perhaps someone could post an example of a price drop?

[MoStuff]

Did you guys see that the Paul Newman Daytona was bought at auction for a record setting price.

I joke I joke. Lol.

Why would a watch sell for 17 million because some actor wore it?


Sent from my iPhone using Tapatalk

[Cogno]

I’ve been buying and selling watches for years, I’ve never been able to get a steel Rolex, AP, Patek at msrp, but that didn’t stop me from buying at grey market, not because I thought it was a good investment but just because I take luxury watches for what they are, a display of wealth and a passion for horology.
In the past grey prices were ok, cause only people with money were buying, then the average joe jumped in and turned it into an investment creating a bubble.
So let’s hope for the hype to decrease even more so most of you dreamers will disappear and we can start enjoying wasting money on luxury goods again.
I bought a yellow OP a week ago knowing it could lose more value, but that made my watch even more exclusive, cause most of you weren’t buying before and won’t definitely buy now, so thank you :)

[Rolexatlast]

Originally Posted by Cogno

I’ve been buying and selling watches for years, I’ve never been able to get a steel Rolex, AP, Patek at msrp, but that didn’t stop me from buying at grey market, not because I thought it was a good investment but just because I take luxury watches for what they are, a display of wealth and a passion for horology.
In the past grey prices were ok, cause only people with money were buying, then the average joe jumped in and turned it into an investment creating a bubble.
So let’s hope for the hype to decrease even more so most of you dreamers will disappear and we can start enjoying wasting money on luxury goods again.
I bought a yellow OP a week ago knowing it could lose more value, but that made my watch even more exclusive, cause most of you weren’t buying before and won’t definitely buy now, so thank you :)

Wow - are you a Swiss Banker, by any chance?

[Loevhagen]

Proposal for improvement:

Simply make a sub-forum where people can discuss value retention, etc - or as padi calls it; no more than ££$$€€.

[enjoythemusic]

Originally Posted by Loevhagen

Proposal for improvement:

Simply make a sub-forum where people can discuss value retention, etc - or as padi calls it; no more than ££$$€€.

Great idea... and already been floated a year or so ago. Would still be wonderful if this happened. i already offered to pay for whatever webmastering work it would take to 'make it so'.

My concern is the next step of this 'financial wave' back to normalcy where those who may have overly relied upon a (false) 'value play' to see things go back to historic norms. i welcome getting back to normal times, yet some might get very emotional (angry) as they see the flow of perceived value move in a direction they were not factoring in.

jmho

[Incroyable12]

I've been getting a lot of Price Alarm emails with price drops from Chrono24 lately.

[Spurman]

Explorer 39mm did not drop 50par leh

[csaltphoto]

Well we are certainly not in the "any Rolex at any price" times any more. Daytona's have seen something of a drop, maybe 25%. Subs less than 10%. PM pieces it depends. But the oddball sizes and configurations they have dropped a lot. But they were unpopular to start with.

[HelloMelo]

116610LV just sold for 17.6 on Moda. What a drop from its highs....

[huncho]

Originally Posted by HelloMelo

116610LV just sold for 17.6 on Moda. What a drop from its highs....

until the bad greys finish dumping all their inventory it's not a surprise. i don't think prices would be this low naturally if it wasn't for that

[tanask211]

It's great to see price correction and teach those flippers a good lesson but felt sorry for those genuine collectors who paid high premium for the pieces. Anyway my AD has yet to fulfill his promise of getting me a SS sport Rolex as the there aren't enough supplies to go around.

Sent from my HMA-L29 using Tapatalk

[JRedford]

I am always amazed by how my watches never fall in value…until I try to sell them.

[Fred_Tan]

Originally Posted by JRedford

I am always amazed by how my watches never fall in value…until I try to sell them.

Agree, far worst drop in value when I try to trade em, even at peak valuations

[taitun4life]

Originally Posted by JRedford

I am always amazed by how my watches never fall in value…until I try to sell them.

This 😂😂😂