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

[SBR]

I'm just hoping that a DJ41 in stainless hits retail in a couple of months. I'd prefer that I "get the call" vs going gray but if a new one hits retail in the secondary market, I'd be an instant buyer. I would also love to add a ceramic daytona if they get in the high teens although I am not holding my breath on that one.

[Forty6nTwo]

Originally Posted by dmash

MODA:

126610LV- slider, $17k

Believe we’re about to hit 16’s on these

EDIT- one is now listed for $16.95

What site are these prices from?

[Meltingicecube]

Originally Posted by GW44

What you really mean is that you're talking about only WoS Group AD's here, not the whole UK AD network. They can't "give them away" (or sell them) to anyone without a Group purchase history and also cannot sell to anyone who has already bought 2 Rolex's in a rolling 12 month period. But they can put them on display as "Exhibition Only" and that is not prohibited despite what your contacts might have told you....

Direct source is a friend who is a £1m+ spend VIP who these newly introduced (new ish CEO) rules at WoS will also apply to.

Most ADs have some limits! VIPs don't want to buy the references I listed above because there is no point anymore!

Of course they can put them on display as "exhibition only"

I meant they are ordered by the head office to avoid putting anything on display as "for sale"

[rolexpatek363]

Originally Posted by Meltingicecube

Most ADs have some limits! VIPs don't want to buy the references I listed above because there is no point anymore!

Of course they can put them on display as "exhibition only"

I meant they are ordered by the head office to avoid putting anything on display as "for sale"

How do you know all this?

[Bobcat Sig]

Originally Posted by dmash

100% my friend, not saying your kind doesn’t exist. I’m simply saying that there is a *large* population who is about to be done with watches as it was seen as nothing more than an IG flaunt and a possible additional investment account. Which with stocks, the case can be made to simply wait it out, as it’s a company with real value based on profits/output/etc. Watches are nothing more than luxury goods and it’s monetary worth is entirely based on how popular it is or isn’t….

But anyhow, back to values.

Black Daytona 2022, full set, brand new, $28.9k

Yup, all good. And I agree. Watches got sucked into the hype culture because they are luxury objects that lend well to visual mediums like IG. And strong brand heritage certainly helped.

That's a great price on a Daytona. Wow!

Originally Posted by Forty6nTwo

What site are these prices from?

It's a Facebook group strictly for buying and selling watches, usually at wholesale prices, and most active with dealers. While there is no fee to join, there are criteria for memebership.

[Meltingicecube]

Originally Posted by rolexpatek363

How do you know all this?

All I can say is I take care of my SAs + some common sense!

They are ordered by the head office not to put anything on display! Think about it, we are back to mid 2021 prices and flippers margins are thinner than 2021, yet there is not a single watch for sale! In mid 2021, there used to be at least dozens of watches for sale and on display in every damn AD!

[anodyne13]

Originally Posted by SBR

I'm just hoping that a DJ41 in stainless hits retail in a couple of months. I'd prefer that I "get the call" vs going gray but if a new one hits retail in the secondary market, I'd be an instant buyer. I would also love to add a ceramic daytona if they get in the high teens although I am not holding my breath on that one.

I agree on waiting for AD, with a bit of patience, probably not much longer on DJ41.

[dmash]

Originally Posted by anodyne13

I agree on waiting for AD, with a bit of patience, probably not much longer on DJ41.

I thought people were nuts to *ever* pay a premium on a Datejust, even at the peak of hype. ADs had historically begged people to buy them in the states prior to that.

[Doc Savage]

Originally Posted by Meltingicecube

All I can say is I take care of my SAs + some common sense!



They are ordered by the head office not to put anything on display! Think about it, we are back to mid 2021 prices and flippers margins are thinner than 2021, yet there is not a single watch for sale! In mid 2021, there used to be at least dozens of watches for sale and on display in every damn AD!

This makes sense. My AD hasn't been accepting names for purchase lists for 2 years. Now they are.

[GW44]

Originally Posted by rolexpatek363

How do you know all this?

He doesn’t. He’s guessing, at best, and really just regurgitating what a couple of WoS Group SA’s have told him.

[GW44]

Originally Posted by Meltingicecube

Most ADs have some limits! VIPs don't want to buy the references I listed above because there is no point anymore!

Of course they can put them on display as "exhibition only"

I meant they are ordered by the head office to avoid putting anything on display as "for sale"

I think you’ve missed the point completely here.

Most independent AD’s don’t have any limits at all apart from the supply chain from Rolex that dictate their own distribution and sales to their customers. Only WoS have hard and fast rules as I’ve posted earlier.

Your point about VIP’s is moot unless you can personally verify what they want or will buy as a fact. Which you can’t, as it’s hearsay from a couple of AD’s…….

As for display pieces, for sale or exhibition, your post makes zero factual sense.

[Rolexatlast]

Originally Posted by SBR

I'm just hoping that a DJ41 in stainless hits retail in a couple of months. I'd prefer that I "get the call" vs going gray but if a new one hits retail in the secondary market, I'd be an instant buyer. I would also love to add a ceramic daytona if they get in the high teens although I am not holding my breath on that one.

If a new one hits retail price on the grey market, then anyone buying to flip will be losing money, so ADs will then have stock to sell to genuine customers. So no need to go grey and buy a second hand watch

[NeoDough]

Originally Posted by HAL330

before this happens, I can see Rolex taking their sales model to a pure on-line model

Now that I'd like to see!

Originally Posted by HAL330

the corruption among so many AD's is beyond repair.

That reminds me - how do longtime enthusiasts know which ADs are the good guys and stayed on the Light Side and who are the bad guys that went over to the Dark Side during the boom?

[eijiboy]

Price drop on panda from 34500 to 33900. We finally reached 33k

[JWillard]

Originally Posted by eijiboy

Price drop on panda from 34500 to 33900. We finally reached 33k

wholesale group or normal group?

[Vince M.]

Originally Posted by eijiboy

Price drop on panda from 34500 to 33900. We finally reached 33k

Will be into the 20's within the next month. When it hits around 20 I may jump in.

[dmash]

Originally Posted by Vince M.

Will be into the 20's within the next month. When it hits around 20 I may jump in.

I could see blacks settling at ~20k and whites ~22.5k when it’s all said and done. Daytonas really aren’t massively produced so I get the demand/slightly over price sticking regardless of hype. Pretty much the sole exception on Rolex lineup aside from stuff like Rainbow, Meteorite etc etc

[JRedford]

Originally Posted by Rolexatlast

If a new one hits retail price on the grey market, then anyone buying to flip will be losing money, so ADs will then have stock to sell to genuine customers. So no need to go grey and buy a second hand watch

Except taxes and the time wasted dealing with inflated AD egos.

[dmash]

126610LV sub, watch only, $15.7k!!
126710BRLO, watch only, $18.9k!!

[Turbo Racer]

Originally Posted by JRedford

Except taxes and the time wasted dealing with inflated AD egos.

I agree with this. I have had enough of these little know it alls, regardless of where they work. Look at those people from trotters on YouTube. Those videos are a disgrace.

Even in the heady times of the last couple of years, the watch store was the only place I can remember being treated this way. Maybe some used car dealers but only maybe. I’m over it. If sellers want my hard earned cash, some basic manners and respect are going to be required.

[EEpro]

Originally Posted by dmash

126610LV sub, watch only, $15.7k!!
126710BRLO, watch only, $18.9k!!

Where's that LV at? MODA?

[dmash]

Originally Posted by EEpro

Where's that LV at? MODA?

Yup!


Also, AP and Patek prices are falling more considerably. Nobody is touching ANYthing from them it seems. 15500 is collapsing.

[Screwly]

Originally Posted by dmash

Yup!


Also, AP and Patek prices are falling more considerably. Nobody is touching ANYthing from them it seems. 15500 is collapsing.

What’s 15500 trading at?

[Incroyable12]

There's a full set white gold PP 5146 Annual Calendar with factory bracelet that's currently bidding at $27k with 30 minutes left.

[agsstructures]

Originally Posted by dmash

Yup!


Also, AP and Patek prices are falling more considerably. Nobody is touching ANYthing from them it seems. 15500 is collapsing.

AP might be taking the biggest hit of them all. No one is touching any Royal Oaks.

[dmash]

Originally Posted by Screwly

What’s 15500 trading at?

That’s the point. They’re not.

[dmash]

Originally Posted by agsstructures

AP might be taking the biggest hit of them all. No one is touching any Royal Oaks.

Yup!

[EEpro]

Originally Posted by dmash

Yup!


Also, AP and Patek prices are falling more considerably. Nobody is touching ANYthing from them it seems. 15500 is collapsing.

Man, white dial 15500 for me soon I guess. I might be done with watches after that and an olive DD40. Famous last words.

[dmash]

Originally Posted by EEpro

Man, white dial 15500 for me soon I guess. I might be done with watches after that and an olive DD40. Famous last words.

Just wait. Absolutely crazy to buy grey right now in my opinion, don’t catch the falling knife. Worst case it stabilizes, not like it’s going to pop back up immediately.

[pjaffe]

Originally Posted by dmash

Just wait. Absolutely crazy to buy grey right now in my opinion, don’t catch the falling knife. Worst case it stabilizes, not like it’s going to pop back up immediately.

When they're trading near MSRP I don't think it's such a bad thing.