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

[mr_gray]

registered watch buyer?

[Moondoggy]

Originally Posted by Incroyable12

What's RWB?

Rolex Watches Balling.

Only jokes.

[blargle]

Originally Posted by goldboy

Rates will drop and the fed will start to print more money than they ever had, they have no choice. It’s either print into inflation or hike into depression, looking back at history they always choose to print.

[Bmats]

Originally Posted by askdanny

I listened to the full hour and they never make the case why the market will continue to crater. They just said it will. I mean I get the whole crypto/stocks/recession thing. But will crypto never ever go back up? And what happens if it does?

It’s easy to talk about steel Daytonas reaching $100K when the market goes up and Daytonas reaching the teens when it goes down. But why not talk about market patterns and what could cause a trend reversal?

What was interesting to me was the statement about a couple large dealers having lots of inventory — and it not selling (which I think anecdotally we expect to be true too—or not selling as much). The fact he took losses on pieces early, and the losses might be more now. And he’s anticipating more losses for others holding (especially given the inventory they say they know about).

[Meltingicecube]

Originally Posted by goldboy

Rates will drop and the fed will start to print more money than they ever had, they have no choice. It’s either print into inflation or hike into depression, looking back at history they always choose to print.

If the Fed pivots, I expect the 10 year to go up by 100bps in a day! They would be signing their own death warrant! Recession is always a better choice than rampant inflation which hurts 100% of people!

While everyone is focusing on inflation, I think people should start focusing on Chinese banks and economy! They are going down fast!

[JWillard]

Originally Posted by Meltingicecube

If the Fed pivots, I expect the 10 year to go up by 100bps in a day! They would be signing their own death warrant! Recession is always a better choice than rampant inflation which hurts 100% of people!

While everyone is focusing on inflation, I think people should start focusing on Chinese banks and economy! They are going down fast!

I think china will cause a global issue (not sure what companies or other lenders are tied up in the mess in china), they also have a major liquidity issue.

[GoWarriors]

Fed should be looking at 300bps or more, if they were serious. Highest rate rise in previous bout of inflation looks like it was 600bps...

Current real or inflation adjusted fed rate is -7%! The lowest ever!

700bps just to get back to neutral.

[Bmats]

The fact that the reports are that 100 is unlikely it a bit ridiculous. Rip that bandaid off.

[JWillard]

Originally Posted by Bmats

The fact that the reports are that 100 is unlikely it a bit ridiculous. Rip that bandaid off.

Probably can’t do a huge hike due to the national debt payment

[huncho]

Originally Posted by Bmats

The fact that the reports are that 100 is unlikely it a bit ridiculous. Rip that bandaid off.

i don't think it's that simple anymore with the dollar being at 20+ year highs and foreign currencies being devalued against it

[JWillard]

latest watch eric video will be eye opening to some

[HAL330]

This just came out... I found it entertaining...

I do feel the market has more or less bottomed out.. but we can't really know for a month or so..

https://www.youtube.com/watch?v=B3MfQ36VeTA

[JRedford]

I like that guy, kind of a matter of fact and unemotional.

[JWillard]

Originally Posted by HAL330

This just came out... I found it entertaining...

I do feel the market has more or less bottomed out.. but we can't really know for a month or so..

https://www.youtube.com/watch?v=B3MfQ36VeTA

fed hikes, stock market, housing and repo markets all need to have a cooling off period first in my eyes

[Doc Savage]

Originally Posted by HAL330

This just came out... I found it entertaining...

I do feel the market has more or less bottomed out.. but we can't really know for a month or so..

https://www.youtube.com/watch?v=B3MfQ36VeTA

Nice video.

I think we have another year of prices dropping. This will be a worldwide recession, and there will be more pain before it rebounds. Many gray dealers are in denial, holding onto watches for six months now, thinking they will get 2021 prices going forward. Not going to happen, IMO.

[Alvar*]

Originally Posted by Doc Savage

Nice video.

I think we have another year of prices dropping. This will be a worldwide recession, and there will be more pain before it rebounds. Many gray dealers are in denial, holding onto watches for six months now, thinking they will get 2021 prices going forward. Not going to happen, IMO.

This combined with the fact that there will be approximately 1000 000 Rolex watches pumped in the market this year alone.

[cts]

So many people on this form continually claiming the sky is falling. In life there are ups and downs but one thing is certain, Rolex and PP will retain value better than most brands and will always be sought after… Bet!

[JWillard]

Does anyone know if new inventory is shipped via plane or boat or what into countries

[GradyPhilpott]

Originally Posted by NimbleNavigator

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

Be nice to Peter. He's contributed more to this forum than you ever will, if you live to be 100.

He's earned his place, so read and learn or move on.

[MrGoat]

Originally Posted by GradyPhilpott

Be nice to Peter. He's contributed more to this forum than you ever will, if you live to be 100.

He's earned his place, so read and learn or move on.

Well said Grady!!


Sent from my Apple privacy invasion product

[pursang_]

Moda check:

'21 Minty Black 116500LN w/ card sitting at 28.7k. Another fresh listing at 29.5k. Downward pressure is on.

BNIB 07/22 124060 full set sat at 12.4k for about 21 hours. Sold just now via PM. Presumably a lower price.

Slider 126655 (RG OF Yachty) on hold for 31k.

BNIB RG Olive DD40 sold for 57k

Full set minty Oyster BLRO sold for 18.9k

[rambo99]

Originally Posted by JWillard

Does anyone know if new inventory is shipped via plane or boat or what into countries

by plane obviously.

[Vince M.]

Originally Posted by pursang_

Full set minty Oyster BLRO sold for 18.9k

WOW.

And the sky has only begun to fall.

[pjaffe]

Originally Posted by Vince M.

WOW.

And the sky has only begun to fall.

So you're saying I shouldn't buy David's for $33k...?

[dmash]

Originally Posted by pjaffe

So you're saying I shouldn't buy David's for $33k...?

Their asks are starting to become amusing

[Hazzyf]

Originally Posted by JWillard

fed hikes, stock market, housing and repo markets all need to have a cooling off period first in my eyes

Exactly. If you think Rolex market has bottomed out then why not just go long S&P / crypto right now (and use that P&L on your next watch).

Still a while left before dust settles imo.

[Miker86]

Originally Posted by dmash

Their asks are starting to become amusing

Same in the UK for most part. Some dealers (not all) holding on for grim death to boom pricing. Can’t understand what they expect to achieve as it’s only going to get worse.

[temporarychicken]

I'm waiting for a NIB. EXP II black. I'm on an AD 'waiting list' and I have an alert on chrono to track asking price movements.

Chrono is of course max retail ask as opposed to trade pricing, but I've noticed two things for this particular reference in the last two months.

The first is that the 'ask is now down to under 10.5k GBP. This is 1.5k lower.

The second is that the volume of inventory across the UK is now over 40 of these and growing.

Nobody wants to be the first to make meaningful drops to move something. Yes, actual sale prices are never disclosed on chrono but the sellers, without exception are holding as firm as they can with the 'ask' numbers at least.

If I get one before Christmas then great. If not then other brands will get the cash lol.

[JRedford]

When the gate breaks, the flood will be severe.

[pursang_]

Originally Posted by temporarychicken

The second is that the volume of inventory across the UK is now over 40 of these and growing.

This has been my observation, too. I use the Chrono24 'available now' Panda listings in the US as an indicator.

Prices go lower and lower by the day. Yet inventory is actually up. Few months ago ~80 listings was pretty typical. Now it's around 105