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

[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

[Ensign]

Originally Posted by 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

There was a thread about this already. That jeweler isn’t doing anyone any “favors;” he’s trying to find someone to buy his watches before the prices drop anymore.

[Incroyable12]

Originally Posted by Ensign

There was a thread about this already. That jeweler isn’t doing anyone any “favors;” he’s trying to find someone to buy his watches before the prices drop anymore.

Which thread was it?

[NeoDough]

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

[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...

[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.

[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.

[ronricks]

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.

The 18000 series day dates are coming down in price fast. These skyrocketed in the last year.

[Incroyable12]

Originally Posted by ronricks

The 18000 series day dates are coming down in price fast. These skyrocketed in the last year.

The barked wood dial now has a price drop on Moda.

[2ltdjorn]

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

[thomaspp]

All these grey dealers made fortunes last few years.

Once the dust settles only a few references from a few brands will be anywhere above retail. Steel Daytonas, steel nautilus and some steel royal oaks…. the rest at discounts like it was in the good old days.

Hoping the “fun” times in this hobby come back soon and the “investors” go back to doing something else.


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[Incroyable12]

14790s could be had for $8k several years ago. Yves Kleins were around $10k but nobody wanted them because they were too unusual.

The RO QP in platinum and SS would sit unsold for $35-40k.

[eijiboy]

just recently sold panda new for 33k

[HAL330]

two things we cannot escape..


Markets go UP and they go DOWN

and Supply = Demand


Those two realities mean that prices WILL go up again ... and... they will go down again..

Buy the watch you want to WEAR..

[Incroyable12]

Chrono24 just sent me an email saying some Patek 3800s I was watching dropped several thousand dollars.

[HAL330]

Originally Posted by Incroyable12

Chrono24 just sent me an email saying some Patek 3800s I was watching dropped several thousand dollars.

and I just got an email saying my portfolio has gone up 9% in the last week..

How they determine this, I have no idea..

[GB-man]

I don’t see any indication of a clear bottom yet. If you aren’t in this to make money then no big deal.There’s not really any buyers right now for over msrp AP, Rolex and Patek. Lord knows how far Richard milles have to fall. If a dealer wants to lower that Royal oak to market price to sell it only begets a new low on the next one that sells as buyers want to set a new low when buying anything right now.

It’s very simple. Don’t buy anything for over msrp plus tax. Then your downside is palatable as these are luxuries after all and if you’re buying you’re probably a watch geek not a speculator.

[enjoythemusic]

Originally Posted by GB-man

It’s very simple. Don’t buy anything for over msrp plus tax.

Exactly, and support your local AD.

[beshannon]

Originally Posted by enjoythemusic

Exactly, and support your local AD.

Trying to but I am still waiting to find out if I passed my interview.

[enjoythemusic]

Originally Posted by beshannon

Trying to but I am still waiting to find out if I passed my interview.

Once we get back to historic norms in pricing, this will (largely) eliminate flipping and we'll get back to normal times. Patience will be rewarded.

[Turbo Racer]

Originally Posted by beshannon

Trying to but I am still waiting to find out if I passed my interview.

I think you will be very happy in a couple of months. Hope you get exactly what you want.

[NeoDough]

Originally Posted by GB-man

Lord knows how far Richard milles have to fall.

Based purely on my anecdotal observations, Milles don't seem to be selling at all. Has anyone seen one actually sell recently? I think I've maybe seen one in the past two months, and it was (relatively speaking) quite a low price.

[1665fan]

Originally Posted by NeoDough

Based purely on my anecdotal observations, Milles don't seem to be selling at all. Has anyone seen one actually sell recently? I think I've maybe seen one in the past two months, and it was (relatively speaking) quite a low price.

Value wise they are turning into panerai……now we all know they are a special and rare watch but I think they had there day……

[Turbo Racer]

I agree with a lot of what has been said here. A few observations:

Massive amount of AP RO just listed in the last 24 hrs 15510 around 63k with grey dial, 15500 41mm multiple in low-mid 40s full sets

Subs galore with and without a date window. 41mm at around 12.9k with date full set.

There are many more watches coming on market and with these prices I’m wondering just what the heck kind of kool aid I was drinking 6 months or a year ago?

I dumped my nautilus for a partial trade for something I really wanted back in February. So glad I did

Final thought. Those watches that imho haven’t had as much following even though I love some of them, are going to get crushed. Watches like exp 1&2, ak, dd, dj, ym were bolstered by the madness. People who were eager to get a Rolex, in many cases were settling for something they could get as opposed to what they really wanted. I did it, bought a blue stick dial 41 jubilee but would’ve given that a hard pass if offered Gmt or Daytona. As SS subs come down to msrp, I think the other less popular watches will fall even lower.

[beshannon]

Originally Posted by enjoythemusic

Once we get back to historic norms in pricing, this will (largely) eliminate flipping and we'll get back to normal times. Patience will be rewarded.

Originally Posted by Turbo Racer

I think you will be very happy in a couple of months. Hope you get exactly what you want.

Thanks I expect to never get a call

Apparently buying 3 Rolex and 1 Tudor (except Tudor does not count ) is not enough

I am going to make more changes to my collection anyway and will be long done before they ever think of me

[enjoythemusic]

Originally Posted by Turbo Racer

I’m wondering just what the heck kind of kool aid I was drinking 6 months or a year ago?

All good, and if I may be allowed to guess, would say it might have been 'herd mentality? Over the decades have never, ever seen such craziness. My hopes are that horology has expanded in overall interest, thus more people desire a fine timepiece to wear and enjoy. So there are benefits, fortunately.

Frankly, high-end audio could use such a 'bubble of popularity'. Soooo many music lovers listening via meh-quality gear.

[SubMillennial]

What was the expected discount pre-hype for a yellow gold day date? On the shelf vs custom order?

[HAL330]

Originally Posted by SubMillennial

What was the expected discount pre-hype for a yellow gold day date? On the shelf vs custom order?

in 2018, I got 15% off a 116618LB Bluesy Gold Sub... I'm sure the Day Date would have been higher... I don't think we're going to see 15% off at an AD ever again however..