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

[Jawnz]

Originally Posted by dh1

A datapoint:

At the Christie's Watches Online: The Geneva Edit. AP 14802ST "Jubilee" Jumbo (regular dark dial not salmon) had 1 bid at the starting price: CHF 30,000. I was watching it 2 days out, 1 day out, a few hours out. Still no more bids.

It got a single bid at the starting price and therefore the final price was that + buyer's premium: CHF 37,800. That's like $41k. Meanwhile the lowest seller on Chrono24 is asking ~$85k and most over $100k. Hodinkee shop wants $108.5k.

I was idly thinking about bidding on it because I might like to have a 14802 one day and it feels like a "great deal." However, buying something I probably wasn't itching to buy just because it's cheaper than it was before isn't really saving money... :-)

Yikes. Yeah you can try again here too: https://www.sothebys.com/buy/908ee15...c-546c28feb0a0


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[Rickkk]

Originally Posted by Leedslad84

Where do we think its going to go? I'm still waiting to pull the trigger... I thought 60K GBP would be as low as it goes for the newer models i.e. the pre-discontinued prices.

11 April 2023, 08:10 PM
Replies: 86
Yellow Green Daytona JM - pricing
Views: 8,040
Posted By Leedslad84
Bought one. 70K GBP

Waiting to pull the trigger….?

[buknoy]

Originally Posted by Leedslad84

Where do we think its going to go? I'm still waiting to pull the trigger... I thought 60K GBP would be as low as it goes for the newer models i.e. the pre-discontinued prices.

Not sure but there’s a bnib right now for 84.5k dollars. Few days ago they were 86 but not sold.


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[huncho]

Originally Posted by Rickkk

11 April 2023, 08:10 PM
Replies: 86
Yellow Green Daytona JM - pricing
Views: 8,040
Posted By Leedslad84
Bought one. 70K GBP

Waiting to pull the trigger….?

lmao

[Leedslad84]

Originally Posted by Rickkk

11 April 2023, 08:10 PM
Replies: 86
Yellow Green Daytona JM - pricing
Views: 8,040
Posted By Leedslad84
Bought one. 70K GBP

Waiting to pull the trigger….?

At least ask before assuming. Part of the above deal was that the dealer agreed to buy back at that price within 6 months if I decided to do so.

I got a call from the AD that a Daytona Pikachu was there for me so I flipped the JM back to the dealer and bought that.

I still want to get the JM but nobody is offering the buy back deal anymore :)

[HMHM]

I can only see the trend going one way which is downwards…. If you want the JM Daytona I suggest waiting until end of the year to see how it goes. Unless you have too much money itching to be spent, buying from grey dealers is perhaps not the wisest of choice as they are just scalping innocent collectors.

All the talks of prices going up have failed to materialise since the start of the war. A lot of new grey dealers have gone bust as well. The feel good factor for watch investment is more or less over, except for a few self serving idiots who have a vested interest in maintaining the present cascade because they are a dealer themselves or they have taken a massive beating buying at the peak…. Good riddance to scalpers!

[rolexandlange]

Originally Posted by ts3

Very interesting data point but also a crazy outlier from what I can see.

In the same auction a naked 14790 sold for almost as much as that 14802 and, for comparison, a 5712/1A in soso condition still sold for CHF 94.5k.

The result for the 14802 likely reflects (1) its poor condition, (2) its relative obscurity compared to 5402 and 15202, and (3) RO Jumbos having dropped more than most since peak hype (which happened to coincide with the 50th RO anniversary fuss).

AP and VC for that matter are clearly very weak right now. I might add so is Lange when you can get platinum Lange Big Dates in the low 20s. A 5402 sold on loupethis for low 50s. The 14802 while rare has a less desirable dial configuration. I think real prices right now are:

14802 40-55k depending on condition
15202 50-65k ? depending on 1st gen or 40th
5402 50-75k ? depending on series and condition

[GolfJunkie]

Originally Posted by Leedslad84

At least ask before assuming. Part of the above deal was that the dealer agreed to buy back at that price within 6 months if I decided to do so.

I got a call from the AD that a Daytona Pikachu was there for me so I flipped the JM back to the dealer and bought that.

I still want to get the JM but nobody is offering the buy back deal anymore :)

A what????

[GGGMT]

Originally Posted by GolfJunkie

A what????

Hilarious. I think he meant a Daytona peekaboo


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[Leedslad84]

Wow. A lot of jealousy on here isn't there :P

For avoidance of doubt:

[BogdanS]

Originally Posted by Leedslad84

At least ask before assuming. Part of the above deal was that the dealer agreed to buy back at that price within 6 months if I decided to do so.

I got a call from the AD that a Daytona Pikachu was there for me so I flipped the JM back to the dealer and bought that.

I still want to get the JM but nobody is offering the buy back deal anymore :)

Pikachu dial. Learned something new. Thanks.
Any idea where did this name come from?


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[messikens]

Originally Posted by BogdanS

Pikachu dial. Learned something new. Thanks.
Any idea where did this name come from?


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https://lmgtfy.app/?q=pikachu

[BogdanS]

Originally Posted by messikens

https://lmgtfy.app/?q=pikachu

Right…


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[buknoy]

126610lv kermit is now getting cheaper by the day. last weeek it was running 16k bnib now its at 15.1k bnib as well.

[Roddypeepa]

Pikkachu?!?

Ffs. World has gone mad.


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[dh1]

Originally Posted by rolexandlange

AP and VC for that matter are clearly very weak right now. I might add so is Lange when you can get platinum Lange Big Dates in the low 20s. A 5402 sold on loupethis for low 50s. The 14802 while rare has a less desirable dial configuration.

Yes, I agree about the less desirable dial configuration.

On the wrist it looks like a 5402 with the less-preferred AP @ 12 dial. That's not a bad look but most people would pay more for a 15202 or earlier 5402 dial. The only reason it should stay higher priced is if there is enough vintage collector demand specific to the 14802 to drive the price up given that they only made 1000 of them.

Originally Posted by rolexandlange

I think real prices right now are:

14802 40-55k depending on condition
15202 50-65k ? depending on 1st gen or 40th
5402 50-75k ? depending on series and condition

The 1st gen 15202 white dial is selling in the 40s on Moda.

[kopi-c]

Originally Posted by HMHM

I can only see the trend going one way which is downwards…. If you want the JM Daytona I suggest waiting until end of the year to see how it goes. Unless you have too much money itching to be spent, buying from grey dealers is perhaps not the wisest of choice as they are just scalping innocent collectors.

All the talks of prices going up have failed to materialise since the start of the war. A lot of new grey dealers have gone bust as well. The feel good factor for watch investment is more or less over, except for a few self serving idiots who have a vested interest in maintaining the present cascade because they are a dealer themselves or they have taken a massive beating buying at the peak…. Good riddance to scalpers!

This!

Glad to see more people are able to buy msrp from rolex AD, than the scalpers or grey market. No reasons to pay more than msrp.

[huncho]

Originally Posted by Leedslad84

Wow. A lot of jealousy on here isn't there :P

For avoidance of doubt:

jealousy? lol, not sure anyone replying to you is jealous, just confused

and what is that photo from chrono24 supposed to prove for us "jealous" people?

[buknoy]

And yet people still dont believe that ad doing backdoor selling
Proof?
Heres a pic from ad and look at the warranty card not even dated yet and heres a guy selling it already while at the ad. Best part is that ad sold 2 watches from same person at the same time.




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[Catatafish]

Originally Posted by buknoy

126610lv kermit is now getting cheaper by the day. last weeek it was running 16k bnib now its at 15.1k bnib as well.

Please point me to one of those! Trying hard to get to 15.5 and can't seem to get there.

[Leedslad84]

Originally Posted by huncho

jealousy? lol, not sure anyone replying to you is jealous, just confused

and what is that photo from chrono24 supposed to prove for us "jealous" people?

It was simply showing the photo of the watch. Would you like a specific one?

Not sure where the confusion was either but anyway.. As you were.

[rolexandlange]

Originally Posted by dh1

Yes, I agree about the less desirable dial configuration.

On the wrist it looks like a 5402 with the less-preferred AP @ 12 dial. That's not a bad look but most people would pay more for a 15202 or earlier 5402 dial. The only reason it should stay higher priced is if there is enough vintage collector demand specific to the 14802 to drive the price up given that they only made 1000 of them.


The 1st gen 15202 white dial is selling in the 40s on Moda.

Apologies I should have been clear that I was speaking to blue dials only. Let's be real, if you're looking to jump into your 1st Jumbo, you gotta go blue!!!

[Vince_76]

Taupe 26420 mint fullset 39k

[messikens]

Originally Posted by Vince_76

Taupe 26420 mint fullset 39k

Argh. Still need to create a FB account and pester you for the invite. You able to PM me a screenshot or link?

Thanks again!

[Vince_76]

Originally Posted by messikens

Argh. Still need to create a FB account and pester you for the invite. You able to PM me a screenshot or link?

Thanks again!

No problem. Will DM

[Rickkk]

Originally Posted by Vince_76

Taupe 26420 mint fullset 39k

I think people are happy to recoup their outlay and they can sell under rrp because when they brought it was pre multiple price increases

[messikens]

Originally Posted by Vince_76

No problem. Will DM

TYSM as always!

[RyanO]

Originally Posted by BogdanS

Pikachu dial. Learned something new. Thanks.
Any idea where did this name come from?


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The yellow and black subdials resemble the Pokémon character Pikachu. I know..


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[Mercutio]

Originally Posted by RyanO

The yellow and black subdials resemble the Pokémon character Pikachu. I know..


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So now we have

Batman
Batgirl
Kermit
Cermit
Cookie Monster
Smurf
Starbucks
Pikachu

This brand, seriously; I become more intrigued that I moved away from Rolex with every day. The only piece I’m still waiting for is the SkyD, because the tech is simply amazing. Other than that, Rolex is experiencing death by instagram

[Rickkk]

Originally Posted by Leedslad84

At least ask before assuming. Part of the above deal was that the dealer agreed to buy back at that price within 6 months if I decided to do so.

I got a call from the AD that a Daytona Pikachu was there for me so I flipped the JM back to the dealer and bought that.

I still want to get the JM but nobody is offering the buy back deal anymore :)

So you’ve already ‘pulled the trigger’ and are lying to yourself. You seem like one of those headache people