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ROLEXROLEXROLEXROLEXROLEXROLEX
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#31 | |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,798
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Quote:
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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#32 |
"TRF" Member
Join Date: Oct 2019
Real Name: HM
Location: 🇲🇾
Posts: 2,440
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If the present market is not on the downward trajectory, then I don’t know what is….
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#33 |
2024 Pledge Member
Join Date: Sep 2020
Location: FL
Watch: OP41 Silver
Posts: 1,806
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Can I get a like-new blue dial Milgauss for $5,000 yet? No? Okay, back to not paying attention to the "watch market".
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OP41 Silver, BLNR Jubilee, 70th Anniversary Sub, 16753 Clint Eastwood |
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#34 |
"TRF" Member
Join Date: Mar 2008
Real Name: Louie
Location: CDC/FCGC
Watch: 116619LB
Posts: 1,268
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In the last month, I’ve had calls from ADs that I had reached out to for the Plat DD.
They are trying to sell me everything but that. Each explains the demand for coveted watches remains, but those aren’t in their incoming inventory. I see a return to normalcy, but not discounting between ADs. CPO will take the hit first. |
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#35 |
"TRF" Member
Join Date: Dec 2013
Location: Atlanta, GA
Watch: Rolex, AP, GS, JLC
Posts: 789
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Down from the craze when Panda Daytonas were going for 50k and certain steel Royal Oaks for over 100k. But it's more or less stabilized now.
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#36 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,232
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That has never been a strong seller even the Smurf back in the day. Now the Smurf is holding really high. I was mainly referring to the yellow gold Bluesy. They were a really good value for money a few years back but now they are holding strong.
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#37 |
"TRF" Member
Join Date: Nov 2011
Location: Paris
Posts: 3,573
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Go figure. ALS kept raising the prices, assumed there was a market big enough for those watches, denying loyal customers access to their limited editions and told them to pound sand and now they are here begging again. Perhaps they should start removing that huge mark up, go back to their old prices and start discounting again.
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#38 |
2024 Pledge Member
Join Date: Jul 2018
Location: Canada
Posts: 24
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Yup, well I'm hopeful at least.. Luxury items are a market at the end of the day, and all markets (no exceptions) go through cycles..
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#39 |
"TRF" Member
Join Date: Oct 2019
Location: Europe
Posts: 659
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If you were interested, why didn’t you buy these watches? I think the answer to that question explains where we are in today’s market.
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#40 | |
2024 Pledge Member
Join Date: Mar 2007
Location: US
Posts: 3,825
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Quote:
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#41 |
"TRF" Member
Join Date: Jun 2024
Location: corning ny
Watch: omega sm chronogra
Posts: 43
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I find it interesting that places like Govberg has Rolexes often very old that are crazy inflated to the point its laughable and they have the same ones up there for very long periods of time. If I had not found Nashville and OC Watch I guess perhaps Id have been tempted they got SD 43 for around 16 that are 2018.
Seems like almost zero movement on their steel sport watches. |
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#42 | |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 20,431
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Quote:
What's next, limiting certain strap colors to only be sold to 'blessed' clients? Oh wait, that's _____ retail brand.
__________________
__________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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#43 | |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,798
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Quote:
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__________________
AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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#44 |
"TRF" Member
Join Date: Mar 2020
Location: The South, USA
Posts: 965
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#45 |
"TRF" Member
Join Date: Jul 2019
Location: Singapore
Watch: ing You
Posts: 179
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I think the market has definitely slowed down. Was offered a few Rolexes like TT YM, PM Sky. Yes not in demand pieces, but I have zero purchase history with this AD. I had an interest list with them 2 years ago. They are definitely scrapping the bottom of the barrel. Was even offered a few PPs if I was interested. I think watches will return to normalcy soon.
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#46 | |
2024 Pledge Member
Join Date: Mar 2014
Location: USA
Posts: 1,530
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Quote:
VC and ALS's Richemont went too crazy with the price hikes in recent years as well. |
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#47 | |
2024 Pledge Member
Join Date: Mar 2014
Location: USA
Posts: 1,530
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Quote:
OR are we going back to 2016 where basically every steel sports model sans Daytona is available and sitting in the display case? |
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#48 | |
2024 Pledge Member
Join Date: Mar 2014
Location: USA
Posts: 1,530
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Quote:
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#49 | |
"TRF" Member
Join Date: Jun 2013
Location: Here
Posts: 4,640
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Quote:
They are honestly so absurdly high, i don’t know what they are doing. You can charge 10% more under 20k, maybe 5% more than grey for over 20k, and they would have a backlog of pre owned buyers waiting. They were trying to sell a 16600 for something like 15k. Every single CPO i saw in Vegas was priced so far from reality, wasn’t shocked their case was full. Sent from my iPhone using Tapatalk |
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#50 |
"TRF" Member
Join Date: Jan 2023
Location: Brunei
Posts: 10
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Rolex walking away from F1 is a good indicator of how business is going. Saving where they can.
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#51 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
https://www.rolexforums.com/showthre...hlight=sponsor Rolex is building 3 new factories, and proudly has a 30% market share on the entire luxury watch market. Not to mention now owns Bucherer, meaning that whichever brand ends up sponsoring F1, such as TAG Heuer, they will be making money on sales of TAG Heuers as well... Don't be fooled into thinking Rolex is running out of money, my friend. |
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#52 |
"TRF" Member
Join Date: Sep 2017
Location: Southeast
Watch: 214270
Posts: 2,675
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Each year they make a million+ watches. Literally over the next years and beyond they will churn out millions and millions of watches.
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Never place your happiness on something you have or can physically acquire |
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#53 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2024
Location: Ellicott City, MD
Watch: 126600
Posts: 96
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Quote:
They believe they have a captive audience - many who think they can walk in and buy a new watch out of the case and learn the hard way there's a wait. Some of those will walk over to the CPO case and spend another $5-10k to get it that day. As long as that happens for them, they're happy to keep the prices higher. As my AD said "If we can make significantly more on each sale, as long as the sales are still happening why would we reduce the prices to sell more with less markup? It's the same net for us." I can't really argue with that. |
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#54 |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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#55 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
Until it clicked While these may not be flying off the shelves, my AD told me those purchases absolutely *do* go towards your allocation "prospects". So, while you might pay overs on an Explorer 2 or whatever it may be, it may well eventually put you in a better position to be allocated more higher demand pieces. In the short term, yes you will probably be a tad out of pocket, but the program will eventually, over time, allow you to trade in and out of watches as you wish, along with obtain other pieces at a retail level too, so perhaps their plan is looking a little further ahead in time. You can't do that with any grey market dealer. Granted, the other thought is that you could just go grey for the high-demand piece and have done with it, however some people may much rather buy CPO from their AD, as it removes any questions over authenticity and other dodgy goings on. Put it this way, if they reduced their prices to the more realistic market prices, I believe they would trade many more watches. I, for one, if I were in the market, would MUCH prefer to buy CPO from my AD instead of running the gauntlet with a grey dealer. |
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#56 | |
2024 Pledge Member
Join Date: Mar 2007
Location: US
Posts: 3,825
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Quote:
I still do not understand why people buy watches and jewelry from an AD that they don’t want or need to put them in a better position with the AD. It is your coin, do what you want with it. |
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#57 |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 20,431
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It deeply saddens me to hear this. The Patek Philippe i grew up loving was compassionate, inventive, and felt like family. David, Francine.... This was in the late 1980s until PP changed NYC locations. Thankfully, many independents have come to the forefront and are showcasing amazing timepieces. And because these are handmade for you by talented watchmakers, you may be able to choose a special color / design dial, movement decoration preferences, etc.
__________________
__________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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#58 | |
2024 Pledge Member
Join Date: Nov 2007
Location: Pacific NW
Posts: 653
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Quote:
__________________
Rolex Day-Date 118208 YG/Datejust 116139 WG/GMT2 116710 BLNR SS Patek Calatrava 5096 RG - Omega Speedmaster 3861 Sapphire SS - Cartier Tank Louis 1140 YG Panerai GMT 233 SS - Zenith ChronoMaster 01.0240.410 SS - JLC Reverso Duo Q2714910 SS Laine V38 SS - Grand Seiko SGBA407 SS - Baltic Aquascaphe SS - Garmin Approach S62 TAG Heuer Formula One - Swatch MoonSwatch Mission to the Moon/Mercury/Jupiter/Neptune/Lava |
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#59 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
There are plenty. As I've mentioned on a thread elsewhere, many people see something and buy it. |
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#60 |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 20,431
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As an FYI, just released....
Swiss watchmaking in June 2024 Marked decline June was not a positive month for Swiss watch exports, impacted by two fewer working days and a more significant decline in Asian markets, with the notable exception of Japan. Exports amounted to 2.3 billion francs, a fall of 7.2% compared with June 2023. Six months into the year, the sector has shipped the equivalent of 12.9 billion francs abroad, representing a 3.3% reduction compared with the first half of last year. https://www.fhs.swiss/scripts/getsta...m_240606_a.pdf
__________________
__________________ Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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