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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#331 |
"TRF" Member
Join Date: Sep 2009
Location: Tampa, Florida
Watch: 116610LV
Posts: 2,499
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OC Rolex Guy here on TRF just listed a 2020 ceramic LN in new condition for $36895 that lasted a few hours it looks.
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126710BLRO-0001 / 116610LV / 116613LB / Ed White 321 / PAM24 / PAM111 |
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#332 |
Banned
Join Date: Aug 2021
Location: UK
Posts: 379
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Chrono is nonsense, most Daytonas never get on there.
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#333 |
"TRF" Member
Join Date: Jul 2018
Location: USA
Posts: 725
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#334 | |
"TRF" Member
Join Date: Feb 2020
Location: Northern Europe
Posts: 196
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Quote:
1. You mention that a watch does not have the same intrinsic value as food or real estate and that we should look at the intrinsic value to see if something is overpriced or not (or that is how I read your comment). With this in mind, how do we explain the rise in real estate prices? A lot of places people have simply been priced out the last couple of years - mainly in larger cities. So how do we come to the conclusion that real estate have more intrinsic value than a watch? I know - real estate if often housing which provides a utility. But does that explain that the exact some house/apartment at the exact same location how risen substantially over the last number of years? Or is this also a bubble? And how do we find the correct intrinsic value for real estate since this do not have a retail price? And that leads me to my next point. 2. You mention that the intrinsic value of a mass produced product should be more or less its retail price. Am I to understand this as if Rolex raised the price of a Daytona tomorrow to current market prices, then you would agree that this would be the intrinsic value of the watch? I cannot say what the correct intrinsic value is, but binding it up to retail price seems arbitrary, and as a not well thought out argument. For one because the retail price might differ depending on the companies strategy - eg. do they have low margins but high volumes, or do they have smaller volumes but higher margins? Second because the company can raise prices as they please. 3. You think that the price of stocks from a decent company that grew steadily over the years, is more a real indicator of the intrinsic value of that company. Maybe/maybe not. The problem with that is that you use the past to predict the present. Simplified, the current value of a stock should be the present value of the companies future cash flows instead of the company's results in the past. Imagine seeing Kodak around 2008/2009 and thinking "Wow, this company has a really solid past with solid results" - by thinking that way you would ignore the implications that the surge in mobile camera phones would have on the company's business model and future profits. |
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#335 |
"TRF" Member
Join Date: Sep 2020
Location: tyo nyc fla ack
Watch: all the good ones
Posts: 1,001
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The members who always posted about their crytpo profits are strangely silent this past week. Hmmmmm...
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#336 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,645
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#337 | |
"TRF" Member
Join Date: May 2020
Real Name: Screwly
Location: USA
Watch: “Pepsi”
Posts: 2,369
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Quote:
I’m excited! It’s time to load up on more!
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IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial |
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#338 |
"TRF" Member
Join Date: Mar 2021
Location: Far far away
Posts: 311
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#339 | |
Banned
Join Date: Apr 2021
Location: Fl
Posts: 1,165
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Quote:
I don't pay attention. I figure when it crashes I will see it on mainstream news. Fools and their money are usually parted eventually. |
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#340 |
"TRF" Member
Join Date: Feb 2008
Real Name: Chris
Location: .
Watch: Daytonas/Subs/GMTs
Posts: 12,609
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#341 |
Banned
Join Date: Jul 2019
Location: USA
Posts: 248
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Never thought that day would come
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#342 | |
Banned
Join Date: Nov 2021
Location: UK
Posts: 108
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Quote:
i mean who in hell started that Rolex are for enthusiasts with no regards to market value retention? they are watches pure and simple - ie jewellery nothing more or less pay if you want one if not walk away - your choice i have five inc new Daytona and Hulk - and yes, they were bought at RRP from an AD but they are most certainly investments that i can wear whilst they appreciate in value - win win scenario |
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#343 |
"TRF" Member
Join Date: Feb 2008
Real Name: Chris
Location: .
Watch: Daytonas/Subs/GMTs
Posts: 12,609
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Bitcoins at a high converted to current market on Daytona ,seems like a bargain .
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#344 |
"TRF" Member
Join Date: Mar 2020
Location: Switzerland
Watch: yourself
Posts: 1,253
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Please bitcoin disappear and finally end this waste of energy and stop creating annoying crypto millionaires.
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#345 |
"TRF" Member
Join Date: Oct 2017
Location: Middle America
Posts: 1,085
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Just checked his only Panda at almost 49K and not even a New or Unworn. Even the black dial is crazy price at 43K.
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