|
|
ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
2 April 2020, 12:45 AM
|
#1 |
|
"TRF" Member
Join Date: Jul 2006
Real Name: Syahril
Location: Bogor, Indonesia
Watch: Rolex, Omega
Posts: 650
|
Used Rolex Price Increase by 20% in Indonesia due to Corona Virus !!
Just got this update from my trusted Grey Dealer....Used Rolex Prices been increased by 15-20% due to Corona virus in Indonesia....mainly because our currency has been depreciated 15% in the last 2 months against USD according to him....
So he congratulates me for making 3 purchases recently (Hulk, Black SkyD, TT Rootbeer).... Rolex watches prove to be a good hedge against monetary depreciation in (at least in my country)... Regards,
__________________
- Rolex RG Daytona 116505 - Rolex SS Submariner "Hulk" - Rolex SS Sky Dweller "Black Dial" - Rolex SS GMT Master II 16710 "Coke" - Rolex GMT Master II CHNR "Rootbeer" TT - Rolex SS Daytona Ceramic 116500LN "Black Dial" - Rolex 126710 "New Batman" 2022 - Rolex SS/WG Datejust 41 126334 "Blue Roman" - Panerai "PAM 88" GMT - Omega New Moonwatch 3861 |
|
|
2 April 2020, 12:48 AM
|
#2 |
|
"TRF" Member
Join Date: Jun 2017
Location: DC
Watch: 126710BLRO, 116600
Posts: 7,869
|
|
|
|
|
2 April 2020, 12:54 AM
|
#3 |
|
"TRF" Member
Join Date: Jul 2006
Real Name: Syahril
Location: Bogor, Indonesia
Watch: Rolex, Omega
Posts: 650
|
Mainly due to several stimulus packages issued by US Government...all the money in the world go to US now....
__________________
- Rolex RG Daytona 116505 - Rolex SS Submariner "Hulk" - Rolex SS Sky Dweller "Black Dial" - Rolex SS GMT Master II 16710 "Coke" - Rolex GMT Master II CHNR "Rootbeer" TT - Rolex SS Daytona Ceramic 116500LN "Black Dial" - Rolex 126710 "New Batman" 2022 - Rolex SS/WG Datejust 41 126334 "Blue Roman" - Panerai "PAM 88" GMT - Omega New Moonwatch 3861 |
|
|
|
2 April 2020, 12:57 AM
|
#4 |
|
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,238
|
That's great. I've heard of people in Indonesia using Rolex as an inflation hedge. I guess that's why.
You'd still have to find a reputable location to sell them but starting off +15 to 20% is a great starting position. Way to buy! 
__________________
♛ ✠ Ω 2FA Active |
|
|
|
2 April 2020, 01:00 AM
|
#5 | |
|
"TRF" Member
Join Date: Jun 2018
Location: East Coast
Watch: 16610
Posts: 4,933
|
Quote:
Lol, just lol. That’s their party line indeed, they can sink with their stock. |
|
|
|
|
2 April 2020, 01:06 AM
|
#6 |
|
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2013
Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,249
|
April Fools ?
|
|
|
|
2 April 2020, 01:08 AM
|
#7 |
|
"TRF" Member
Join Date: Jul 2006
Real Name: Syahril
Location: Bogor, Indonesia
Watch: Rolex, Omega
Posts: 650
|
Well...not really....
Rich South East Asian (Indonesian, Singapore, Malaysia, China) they tend to trust Rolex watches as their wealth hedging instrument compared to stocks or gold....so we never running out of Rolex buyers here.... Regards,
__________________
- Rolex RG Daytona 116505 - Rolex SS Submariner "Hulk" - Rolex SS Sky Dweller "Black Dial" - Rolex SS GMT Master II 16710 "Coke" - Rolex GMT Master II CHNR "Rootbeer" TT - Rolex SS Daytona Ceramic 116500LN "Black Dial" - Rolex 126710 "New Batman" 2022 - Rolex SS/WG Datejust 41 126334 "Blue Roman" - Panerai "PAM 88" GMT - Omega New Moonwatch 3861 |
|
|
|
2 April 2020, 01:23 AM
|
#8 | |
|
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
|
Quote:
|
|
|
|
 |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.
Linear Mode
