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

[Mathematoxic]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

As a business, it’s the owner’s responsibility to ensure maximum profit.

[soicanbefree]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

You think that's petty all the -1 on the links. They keep them. Small enough it won't break the deal but if you are a volume guy adds up to big money.

[ExplorerI]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

Also has to do with liability. If I’m a buyer and I provide a shipping label with no insurance and the watch doesn’t show up that’s on me. If the seller is advertising a certain price “delivered” then the watch better show up or that’s on them.

[rolex--]

Whoever is saying the market for watches are stabilizing is smoking some real real good stuff.

The prices on pretty much all pieces continue to slide. There is a brand new BLRO just dated last month for $17,350

These will be in the $16s and $15s by January.

[agsstructures]

Full set 2015 5235G sold for 34k. I know it’s not one of the hot models but that’s a low number on that watch!

[Rolexatlast]

Agreed. Personally, I would always buy from an AD, but others may go for the cheapest option.

At the moment, the AD is the cheapest option, so is for first choice for (nearly) everyone, so wait lists will remain until greys are a cheaper alternative

Unless the recession is really bad, and demand completely disappears

[QuelleHeureEstIl]

Originally Posted by Rolexatlast

Agreed. Personally, I would always buy from an AD, but others may go for the cheapest option.

At the moment, the AD is the cheapest option, so is for first choice for (nearly) everyone, so wait lists will remain until greys are a cheaper alternative

Unless the recession is really bad, and demand completely disappears

[Trailboss516]

Originally Posted by Rolexatlast

Personally, I would always buy from an AD, but others may go for the cheapest option.

For the most part +1 unless the delta is absolutely massive.

[rolex--]

Originally Posted by Rolexatlast

Agreed. Personally, I would always buy from an AD, but others may go for the cheapest option.

At the moment, the AD is the cheapest option, so is for first choice for (nearly) everyone, so wait lists will remain until greys are a cheaper alternative

Unless the recession is really bad, and demand completely disappears

Dont worry. Just wait until next year. Prices for most Rolex will become under MSRP.

I personally feel ALL pieces will become MSRP or under. Except the Daytona which was always trading only slight above MSRP for many decades. Way way way way before any hype started. For the rest? Its back to MSRP or below.

[Vince M.]

Originally Posted by rolex--

Dont worry. Just wait until next year. Prices for most Rolex will become under MSRP.

I personally feel ALL pieces will become MSRP or under. Except the Daytona which was always trading only slight above MSRP for many decades. Way way way way before any hype started. For the rest? Its back to MSRP or below.

Yep. And when the buying slows, Rolex will still pump out a million watches a year.

[Fedpete]

Originally Posted by rolex--

Dont worry. Just wait until next year. Prices for most Rolex will become under MSRP.

I personally feel ALL pieces will become MSRP or under. Except the Daytona which was always trading only slight above MSRP for many decades. Way way way way before any hype started. For the rest? Its back to MSRP or below.

Even sought after DD40 dials like olive and green lacquer?


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[Mathematoxic]

Originally Posted by Fedpete

Even sought after DD40 dials like olive and green lacquer?


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I guess it will be near or below MSRP in time to come. My guess is all PM pieces including Daytonas will go to MSRP or lower.

SS Panda and Pepsi probably will be the only ones trading above msrp.
Just my wild guess.

[eijiboy]

Originally Posted by Fedpete

Even sought after DD40 dials like olive and green lacquer?


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The dd rg olive dial last time i saw it was sold for 49k. its getting there. remember 9 months ago it was selling for 80-90k.
Imagine able to get one at ad for 44k. Now flippin it probaly will make you 1-2k profit. Not worth really

[honuswagner13]

A new unworn Patek 5990 rose gold blue dial watch is still sitting at $278k. Yes this is still a lot of money, but these were over $750k at the peak. Crazy!!

[rolex--]

Originally Posted by Fedpete

Even sought after DD40 dials like olive and green lacquer?


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Absolutely. These were never appreciated. Only hype pumped the market on these models. There is nothing limited about these at all.

BNIB Olives are now high 40s. These were like $95k at peak or thereabouts. Artificial hype between dealers, flippers and crypto traders caused that. Now I feel real bad for anyone holding the bag on these types of pieces.

One of my friends have lost in excess of $250k now buying up all the hot pieces as "investments". He's getting his ass done at the moment. The offers from gray dealers are offensive especially the ones that used to promote watches as investments.

I told him to not buy them and buy houses instead as that at least everyone needs and generates income and tax writeoffs. All these watches are rubbish hype non life essential items at the end of the day.

[Trailboss516]

Originally Posted by rolex--

Now I feel real bad for anyone holding the bag on these types of pieces.

Sorry, but I don't. Some lessons are expensive.

[Rolexatlast]

Originally Posted by rolex--

Dont worry. Just wait until next year. Prices for most Rolex will become under MSRP.

I personally feel ALL pieces will become MSRP or under. Except the Daytona which was always trading only slight above MSRP for many decades. Way way way way before any hype started. For the rest? Its back to MSRP or below.

And my original point is that when this happens, the wait lists will vanish. But not before.

So those claiming everything is fine (ie prices aren’t plummeting) because there are still waitlists are wrong, because waitlists will remain until watches are available below MSRP

[QuelleHeureEstIl]

Originally Posted by Rolexatlast

And my original point is that when this happens, the wait lists will vanish. But not before.

So those claiming everything is fine (ie prices aren’t plummeting) because there are still waitlists are wrong, because waitlists will remain until watches are available below MSRP

I suspect Rolex will do everything to keep waitlists (ie desirability) otherwise it is very bad for business. They may buy-back, decrease production, etc.

As long as get ride of wish lists and the wait is reasonable and defined (no more "it will come when it will come, maybe"). I am fine waiting a couple of months for a GMT or more for more exclusive model.

[Vince M.]

Originally Posted by QuelleHeureEstIl

I suspect Rolex will do everything to keep waitlists (ie desirability) otherwise it is very bad for business. They may buy-back, decrease production, etc.

Pump and dumps are bad for business...

Rolex will continue to do what they have done forever. Remember when people were saying Rolex was going to massively increase msrp at the first of the year and they didn't ? They knew the pump was going to be over with and then they would have to lower msrp which is probably the worst thing for business.

Rewind the Rolex AD experience about 10 years and this will be the near future for them and everyone else. There is a massive glut of product that was taken off the market at all time highs and is being dumped back in at all time lows. People are turned off and out of money. All luxury goods are the first to nose dive.

I am fully expecting this market to follow the carvana exit strategy. Weak back pack flippers dumping all the inventory for well below market to get back whatever they can.

The last 24 mos was an anomaly.

[eijiboy]

Anyone noticed something lately, no full RG gmt rootbeer for sale on moda. Probably Flipper stop buying them from ad since they will lose a lot of money flipping it to the grey dealer.

[Watchwoody]

Originally Posted by eijiboy

Anyone noticed something lately, no full RG gmt rootbeer for sale on moda. Probably Flipper stop buying them from ad since they will lose a lot of money flipping it to the grey dealer.

I have noticed that too. Less gold pieces in general. Seems like I’ve been hearing more about AD’s offering gold pieces to my friends as well.

[chris242]

15400 white, short 2 links, just sold for $27.9k on Moda


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[hello93]

https://www.youtube.com/watch?v=y02Dwshximk

[dmash]

watch only white Daytona 24.9


down we go

[eijiboy]

Originally Posted by dmash

watch only white Daytona 24.9


down we go

Saw that and still not sold


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[JacksonRain]

Originally Posted by dmash

watch only white Daytona 24.9


down we go

Broken, dusty, touched without protection, thoroughly molested....stolen....47th street (AD, to grey dealer out of booth, to MODA, to alleyway exchange, back on MODA with three or four non-watchmakers who should have never had tools to access the inside of the watch)



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@Shaggy Rogers

My self-esteem levels directly correlate to the crypto market

[Shaggy Rogers]

Originally Posted by JacksonRain

Broken, dusty, touched without protection, thoroughly molested....stolen....47th street (alleyway exchange)



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Is your self esteem derived from the value of your collection?

[JacksonRain]

Originally Posted by Shaggy Rogers

Is your self esteem derived from the value of your collection?

My self-esteem levels directly correlate with the crypto market

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[eijiboy]

Originally Posted by Shaggy Rogers

Is your self esteem derived from the value of your collection?

I guess he wants his panda at 50k still.

[JacksonRain]

Originally Posted by eijiboy

I guess he wants his panda at 50k still.

60....it will get there...next week, next week just wait and see

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