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

[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?