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13 July 2021, 10:31 AM | #1 |
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Rolex is now #1 in total sales. WSJ article from Saturday
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13 July 2021, 10:41 AM | #2 |
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Hey thanks for the read. Chris
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13 July 2021, 11:02 AM | #3 |
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The 1% want a Rolex
Excess wealth?
Just in USA. |
13 July 2021, 11:14 AM | #4 |
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Thank you, that was informative.
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13 July 2021, 11:25 AM | #5 |
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Yeah, I am surprised by this article. Didn’t know this was going on…
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13 July 2021, 11:42 AM | #6 |
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"A Rolex Pepsi watch"
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13 July 2021, 12:14 PM | #7 |
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Not surprised. Thanks for sharing.
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13 July 2021, 12:17 PM | #8 |
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Good read. Author clearly not a watch enthusiast but still a good read and a better thread than ‘ guess what incoming thread I’m doing about a possible incoming watch when I get a call’…
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13 July 2021, 12:18 PM | #9 |
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I was surprised by the article… I didn’t know they still printed newspapers.
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13 July 2021, 01:25 PM | #10 |
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"Can't be bought in big numbers" sounds like there's a chance.
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Here come dat boi Jerry |
13 July 2021, 02:39 PM | #11 |
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Thanks for posting.
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13 July 2021, 02:47 PM | #12 |
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Thanks to stimulus checks, EDD and bitcoin!
Sent from my iPhone using Tapatalk |
13 July 2021, 02:53 PM | #13 |
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Yes,but isnt Rolex holding back stock ??
Privately owned beats shareholders in the luxury market .Or what do I say Richemont ? Mass production of similar looking leads to destruction of brands .Shareholders : Make more !! Make more !! ....boom !! Deceased |
13 July 2021, 03:00 PM | #14 |
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There’s a direct correlation between being privately owned and being financially stable and successful in the longterm. Once the financial markets start to mess with stock, the long-term strategies and solid values are out the door. Sent from my iPhone using Tapatalk
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13 July 2021, 03:16 PM | #15 |
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Good read
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13 July 2021, 03:30 PM | #16 |
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That was kind of cool, when was the last time any of us under 40 read an actual physical newspaper?
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14 July 2021, 12:14 AM | #17 |
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Sounds about right...Thanks
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14 July 2021, 12:19 AM | #18 |
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My thoughts as well... What happened to "Rolex GMT-Master with Red/blue insert"? SMH
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He could not just wear a watch. It had to be a Rolex. Ian Fleming |
14 July 2021, 12:20 AM | #19 |
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Rolex watches today are to many just ££££$$$€€€ objects,once they were saved up for many years to buy, and back then to wear and enjoy daily on the wrist.
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
14 July 2021, 12:47 AM | #20 |
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It's feast or famine out there for luxury brands. Just look at the dominance of Hermes and LVMH vs the rest of the market.
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14 July 2021, 01:33 AM | #21 |
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14 July 2021, 01:53 AM | #22 |
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14 July 2021, 01:58 AM | #23 | |
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Quote:
It would turn to crap quickly. |
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14 July 2021, 02:06 AM | #24 |
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14 July 2021, 02:08 AM | #25 |
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grey market dealers propping up the whole market?
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14 July 2021, 02:22 AM | #26 |
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Key word being Swiss watches. Apple Watch still outsells them all. It will be interesting as the big 3 continue to become either increasingly difficult to source or too expensive, their relevance and attainability to the masses will decline. Yes, while Rolex and the big 3 may not look to be attainable they will become only relevant to a increasingly shrinking demographic, while slight of hand makes the folks that can afford them “feel” like they are rare birds when they are not. This massive market share while celebrated here in the Rolex forum is not necessarily representative of a healthy market. As padi says they are indeed $$$ but what happens when society finds an new fad.
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14 July 2021, 02:28 AM | #27 |
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14 July 2021, 02:35 AM | #28 |
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Thank you for sharing.
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14 July 2021, 03:07 AM | #29 |
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Rolex is now #1 in total sales. WSJ article from Saturday
That author needs a free TRF membership and a reading assignment.
That is, if she’s going to cover the luxury watch market space. “…can’t be bought in big numbers” Switching between public retailer equity price multiples of forward earnings and availability of Nautilus models was mixed up logic. The headwinds ahead for Swatch, WOS and Richemont have little to do with Rolex, PP, AP, etc availability. It’s more about the grey market turning over a greater volume of pre-owned inventory to meet demand than the current output of new watches. That’s just an opinion of mine. But I believe less than 2 million new transactions occur in the new sales market space. But perhaps 5x of that globally in pre-owned secondary market space. Those are the sales the ADs are missing by and large. It’d be better if Rolex entered the space in a CPO market model with ADs paid a split of profits for secure fulfillment. All watches would be validated for authenticity, and vetted for a pure provenance (meaning “not stolen”). Sent from my iPhone using Tapatalk Pro
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14 July 2021, 03:58 AM | #30 |
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Thanks for sharing
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