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#61 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,282
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Any imploding still happening?
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#62 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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#63 |
Banned
Join Date: Dec 2022
Location: Texas
Posts: 140
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Rolex market is still very very very soft.
Nothing moves quickly these days and even all that discontinuation hype this year everyone's had enough. That discontinued rubbish is gone out the window. Long gone are those days with hyperinflated prices. We'll never see those days again. |
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#64 | |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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Quote:
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#65 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,238
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Quote:
Never? I'm guessing if QE starts again and interest rates drop to pump the market you probably will. Inflation alone will drive many steel watch prices over $100,000 in time. Never is a LONG time.
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#66 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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The reason it will not happen again is because that level of demand was never there and was just dealers inflating the market. 50k pandas weren’t being sold to an end user. It was all smoke and mirrors.
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#67 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,238
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Quote:
People here bought them and wore them at $50k as dumb as that seems. One guy came on here and confessed to being the buyer at the peak of the peak from DavidSW before we knew it was the peak. Many others here bought to wear at $40k to avoid it going higher. I'm not going to name names but they are here and still own their 116500s and post pics. It's not just a giant musical chairs grey dealer to grey dealer conspiracy. People bought to flip and flipped again for sure before trying to get top dollar from people with FOMO. The issue is you're dealing in absolutes and even though part of what you're saying is true you're making your argument factually and provably incorrect by using those certain terms.
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#68 | |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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Quote:
This is why all run ups on Moda lately have failed. |
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#69 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,282
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#70 | |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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Quote:
Also, MSRP is not a real thing. No one pays MSRP for a panda Daytona even from the AD. |
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#71 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,282
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#72 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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#73 | |
Banned
Join Date: Dec 2022
Location: Philadelphia
Posts: 281
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Funny how quick Rolex market imploded in just a year !
Quote:
I think we hit a saturation point. The only people buying like that are those who have been waiting for years and years and literally cannot go another day without a watch. Those are the people paying 2x msrp which is probably (not factual) a very small group The dominant group would be the grey to grey sales kind of highlighted by YouTube shows like Roman sharf. They NEED to keep the market falsely elevated Just for fun I went to check out DavidSWs site, he’s still stuck in early to mid 2022 pricing ![]() Sent from my iPhone using Tapatalk |
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#74 | |
"TRF" Member
Join Date: Sep 2020
Location: denmark
Posts: 197
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Quote:
I think the demand increased for Rolex with new customers coming into the market with free money. They didn't buy pandas a 40k+. They bought subs at 15 from people who bought it at 7k, which made it easier for them to accept buying a gmt at 25k. The guy who was selling the gmt, then bought a panda at 40k, and so on. I don't think many jumped right at buying 116500, 15202, and 5711 at 50-150-200k I think more or less everybody was part of it to some degree. This is also the reason we see the prices falling slowly. Most people have to accept they bought some pieces too high. Either because they sold something at a high price or had unrealised earning at their collection. If only a few were part of the inflated prices, the fall would have been both bigger and faster. Sendt fra min SM-F711B med Tapatalk |
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#75 | |
Banned
Join Date: Dec 2022
Location: Texas
Posts: 140
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Quote:
There was a documentary I was watching somewhere a while back that showed there were literally millions and millions being laundered through purchases of watches using crypto. It triggered my memory as I saw a very large gray dealer in Dubai also mention this just today. It was a good way to get money out without ever being traced back and without no tax implications. Now crypto is pretty dead and there is no 2000% profit margins happening within a 24hr period with any coins now. Its still happening but much smaller scale now. |
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#76 | |
"TRF" Member
Join Date: Sep 2020
Location: denmark
Posts: 197
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Quote:
Sendt fra min SM-F711B med Tapatalk |
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#77 | |
"TRF" Member
Join Date: Nov 2019
Location: Citizen of Earth
Posts: 371
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Quote:
I bought all at retail (panda included). I live in a small town and have known the AD for years. My father bought his watch there too, when I was young. There are some of us who have a personal relationship and don’t have to jump through hoops to buy a watch at retail….I know I am not the only one. I’m not saying we walk in anywhere and buy what we want, but yes. Panda at retail is a possibility. |
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#78 | |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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Quote:
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