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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#61 |
"TRF" Member
Join Date: Jun 2023
Location: USA
Posts: 1,089
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The problem with anyone calling for a sharp drop is that the market is dynamic.
Recession hits, demand is lower, inflation (already much more controlled) turns to deflation. Deflation plus interest rates at 5%+ in US means Fed can cut aggressively. Fed cutting buoys spirits, causes assets to rebound after a temp drop and all starts over. Time and time again - so long as you aren’t panic selling at bottoms or FOMO buying at tops, these recession calls aren’t changing much absent a systemic shock (2009). So, I see watches getting easier to get, the real grails still being elusive and at significant premiums. If prices drop faster it will be due to a sharper macro decline. By the time you have time to buy some watches at those lower prices the moves will already be in place to inflate prices back up again. So for those salivating on the sidelines, if this plays out, be quick… Oh, and several trillion dollars are on the sidelines so don’t expect too big a bargain either ;-) |
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#62 |
"TRF" Member
Join Date: Mar 2023
Real Name: David
Location: Socal
Watch: Patek 3970
Posts: 310
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Prices have taken a hit in the pre-owned mkt. I've purchased an AP diver for about 50% of its peak $ which is about 30% off retail, several vintage rolex(s) for around 40% off their highs, and 3 PM sports model below msrp.
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#63 | |
"TRF" Member
Join Date: Jan 2024
Location: Holden Beach, NC
Posts: 95
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Quote:
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#64 | |
"TRF" Member
Join Date: Dec 2023
Location: Earth
Posts: 37
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Quote:
The last 3 years were a unique situation, and there is absolutely nothing to support that continuing; all trends show the bubble has firmly burst, now it's just a case of who blinks first. Based on close to 100 years of the watch market it would be more normal for a return to 2015-19 type market, even if the economy is excellent, which it isn't. A normal economy would suggest a return to normal. Normal is walk in for everything except a few particular models, discounts on many, and grey/used prices below msrp. Rolex and watch sales of late were driven by demand of people wanting to buy them as they assumed even greater demand would follow. It no longer is. The hype train has moved on. I'd also bet that a solid 25-50% of all Rolex demand right now is people who are chasing them, simply because they are still seen as hard to get. But they are becomming more easily available by the day, so the FOMO people will lose all interest when they're actually available. |
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#65 | |
"TRF" Member
Join Date: Apr 2022
Location: USA
Watch: 5513, 16750, AK
Posts: 270
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Quote:
WoS stock hit $18.85, on February 7, 2022. Currently, at/near 52-week low, in the $4 range. Sent from my iPhone using Tapatalk |
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#66 | |
"TRF" Member
Join Date: Jun 2023
Location: USA
Posts: 1,089
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Quote:
I said most watches will be easier to get but the highly demanded ones will remain at significant premiums. This was the case in 2015-2019 too… |
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#67 |
2024 Pledge Member
Join Date: Jan 2017
Location: Orange County, CA
Watch: SD43
Posts: 456
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Many of us can recall when you could go to a place like Singapore in the 1990s and find that every Hour Glass or Cortina store had a wide array of sport Rolex models, with the only exception being a Daytona. FOMO wasn’t a thing.
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#68 |
"TRF" Member
Join Date: Aug 2023
Location: Hong kong
Posts: 31
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It will bottom when the SA of my regular AD stop messaging me offers of watches that I do not want... literally every week. Im done with modern rolex
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#69 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2023
Location: USA
Posts: 637
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You'll know secondary market prices have bottomed 3-6 months after they actually do - no one can pick a bottom. I think the "good old days" of Rolex availability will never return, but, I also don't think we'll return to the March 2022 crazy. Rolex will continue to shift to boutiques, more watches like the Le Mans will appear - PM, open case back, maybe some hand made watches to compete with Patek, etc. In reality, they can't sell +1M watches a year and abandon the SS and TT base models.
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#70 |
"TRF" Member
Join Date: May 2019
Location: Here
Posts: 1,468
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#71 |
"TRF" Member
Join Date: May 2019
Location: Here
Posts: 1,468
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#72 |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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#73 |
"TRF" Member
Join Date: Oct 2008
Location: Tejas
Watch: Various
Posts: 5,082
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#74 | |
"TRF" Member
Join Date: Mar 2023
Location: US
Posts: 91
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Quote:
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#75 |
"TRF" Member
Join Date: Oct 2023
Location: Arizona
Posts: 32
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#76 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2023
Location: USA
Posts: 637
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Quote:
Who really knows, I could just as easily be wrong, but I'm bored on a Monday night so might as well pontificate about The Crown. |
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#77 | |
"TRF" Member
Join Date: Mar 2023
Location: US
Posts: 91
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Quote:
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#78 |
"TRF" Member
Join Date: Feb 2021
Location: NY
Posts: 729
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What if everybody who wants a Rolex has one?
I came off the sidelines after about 40 years, low interest rates, FOMO etc. My opinion is that some of Rolex demand has been pulled forward due to external influences. There are many, many people who could afford a Rolex ( or a collection) but who have zero interest and never will. |
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#79 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,984
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One would think the demand would be met at some point soon so there is an equilibrium, but there are still so many buyers looking to build substantial Rolex collections which keeps demand high and concentrated to a solid growing group of enthusiasts.
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#80 |
"TRF" Member
Join Date: Feb 2021
Location: NY
Posts: 729
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How do we know?
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#81 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,181
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Quote:
The issue unlike 30 years ago, people don’t just want one Rolex and call it a day. It’s a completely different market with a desire to purchase multiple Rolex models. Some never stop buying. Even with the WIS community, if a AD offered up any SS Professional model, they probably will buy it. The general public is a lot less picky and will take anything. The feeding frenzy will never be quenched. The fascination in the brand is more mainstream than what it ever was. The old adage was Rolex sells every watch they make, which is true. The difference now is how the watches are sold, allocated, and secondary market influencing the final price either in additional jewelry purchases at a AD. The old days what determined if you could purchase a Rolex was if you could actually afford it. Now that’s laughable as actually having money for the watch is just a minor detail in the road to Rolex ownership. Nothing stays the same and current pricing might be rock bottom with pricing rebounding up again. In 10 years these current prices will seem low.
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#82 |
"TRF" Member
Join Date: Mar 2011
Real Name: Michael
Location: RTP, NC, USA
Watch: ♕& Ω
Posts: 5,170
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The bottom happened last week. YOU MISSED IT!!!
__________________
Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds... |
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#83 | |
"TRF" Member
Join Date: Feb 2023
Real Name: Nadeem
Location: Chicago
Watch: GMT BLNR
Posts: 956
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Quote:
Even if it's no longer accurate and wasn't accurate historically, all that matters is the perception - which will linger a lot longer than actual facts. This could be a reason why if a SS model is offered, someone will buy it regardless of desire for that model. |
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#84 |
2024 Pledge Member
Join Date: Dec 2007
Location: Mississippi
Watch: 116500LN
Posts: 299
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I don't think we'll see too much downward pressure... The one going up is the Pepsi because of some hype/rumors.
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#85 | |
2024 Pledge Member
Join Date: May 2015
Real Name: Mike
Location: Pacific Northwest
Watch: 116610LV 16710 SD
Posts: 10,650
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Quote:
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#86 |
"TRF" Member
Join Date: Dec 2023
Location: Hampshire
Posts: 52
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A lot of UK grey dealers have shed stock of Rolex in 2023 because they were becoming dead inventory and they had "bills to pay". A couple I spoke to shed at 15% loss to other dealers to free up buying power for other brands. Its seems in the UK, secondary prices are edging down because of that and other factors. That said, still ridiculous prices for some niche pieces and some dealers are happy to keep an OP for 9 months to eventually sell it at 300% of RRP.
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#87 |
"TRF" Member
Join Date: Feb 2021
Location: NY
Posts: 729
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Actual interest rates add to the cost of inventory
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#88 |
"TRF" Member
Join Date: Oct 2018
Location: Freeattle, WA
Watch: SD43 and SS SkyD
Posts: 427
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Rolex is a jewelry manufacturer, jewelry is subject to the whims of pop culture and fashion trends. With some shrewd marketing, they have spun up the hype train and for a while it seemed unstoppable. In the end, what goes up, always comes down in the world of fashion and pop culture. I remember when Breitling and then Panerai where in the same enviable position for a short period of time. Not saying Rolex will have the same result but the way they have managed their channel, has really turned a lot of their true customer base off. The other issue that is not a good look is the wrong kind of attention on the brand. Rolex is now associated with potentially being mugged as the criminal element is now savvy enough to understand they can go to an affluent area and find someone with 10K strapped to their wrist and take it from them. Sometimes with violent results. These two issues could be what ultimately turns people off from the brand.
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#89 | |
"TRF" Member
Join Date: Mar 2020
Location: USA
Posts: 1,104
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Quote:
This is completely wrong. I think you’re talking about AP, not Rolex. |
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#90 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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I think that Rolex, with the added value of their CPO program, will keep prices elevated. They already have the infrastructure of their dealer network and can provide a personal shopping experience without the delayed gratification and inherent tension of shipping from third party sellers. And because each of their pre-owned watches will have baked in provenance and a fresh inspection, service and guarantee of authenticity with CPO they can and will charge a premium for them, keeping prices in general across all platforms elevated. Prices have settled down from the days of free money but they won’t crash.
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