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#91 |
"TRF" Member
Join Date: Jun 2013
Location: Dallas, TX
Posts: 136
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I've seen used Batgirls on the grey market for $15K-ish, and Sprites in the $16K's. That a huge dip from last year, and it's only going downward. If there was speculation about watches going out the back door from AD's to grey market dealers, the meat on the bone for flipping is sparse.
Let's hope us real collectors can once again get NIB watches from AD's soon! I've received nothing from my AD in the last two years and I hate waiting.. |
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#92 |
"TRF" Member
Join Date: Apr 2022
Real Name: Art Vandelay
Location: Flavortown, USA
Watch: RolexOmegaGS
Posts: 73
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#93 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2014
Real Name: Doug
Location: Singer Island FL
Watch: GMT-Master II
Posts: 207
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Quote:
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#94 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2014
Real Name: Doug
Location: Singer Island FL
Watch: GMT-Master II
Posts: 207
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Quote:
Yup, market is softening, and quickly IMHO. I’m going out to see a few ADs this weekend, nad I’m guessing I will get what I’m looking for frankly, direct from an AD. |
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#95 |
2024 Pledge Member
Join Date: Mar 2007
Location: US
Posts: 3,825
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We have said all along there will be tough models to get like the Pepsi and ss daytona
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#96 |
"TRF" Member
Join Date: Jun 2013
Location: Dallas, TX
Posts: 136
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Because Batgirls and Sprites are showing up in pretty good numbers, Pepsi's aren't. I've seen Pepsi's below the $20K's though, so they are going down a little.
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#97 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2014
Real Name: Doug
Location: Singer Island FL
Watch: GMT-Master II
Posts: 207
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Just look on the forum here for sale. Lots of Pepsi. The watch chart numbers are wrong. You can’t find a Pepsi on Jubilee for less than 20k unless it’s 5 years old maybe, or on oyster. But listings are abundant here…
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#98 |
"TRF" Member
Join Date: Mar 2023
Real Name: David
Location: Socal
Watch: Patek 3970
Posts: 320
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My buddy who is a vintage dealer was at the last vegas trade show. New Pepsis with a recent 2024 card were selling around 21k supposedly.
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#99 | |
"TRF" Member
Join Date: Feb 2024
Location: UK
Posts: 170
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Quote:
But I suspect Pepsi prices holding a bit has a lot to do with the news that they were being ‘discontinued’ because of production issues so they bumped up in price a little on the secondary market…. …they are dropping in the U.K. though, but not as much as batmans/ batgirls or Sprites that have taken a £10000 drop from their peak over here. Almost on a weekly basis I keep thinking I haven’t seen those prices in a few years. Both large dealers like Watchfinder and smaller ones have prices dropping. Subs are now below £10000 for the most part which isn’t that far above retail price over here…. |
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#100 |
2024 Pledge Member
Join Date: Mar 2024
Real Name: Dave
Location: Down south
Posts: 112
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I think WOS 5 year stock chart pretty much explains what’s happening, and the CPO program is a Hail Mary to buy time. Now they’re cutting into the gray market and getting a piece of it. I could be wrong, but we’ll see.
Jmo Sent from my iPad using Tapatalk |
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#101 |
2024 Pledge Member
Join Date: Mar 2024
Real Name: Dave
Location: Down south
Posts: 112
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![]() Sent from my iPad using Tapatalk |
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#102 |
"TRF" Member
Join Date: Sep 2023
Location: UK
Posts: 217
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To me the interesting take aways from that are 1) 16x current earnings for a multi country, multi location watch dealer. 2) Beta of >2. I'd be interested to read the bull sales pitch for these shares. Just read that Apollo sold their last stake in 2021.
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#103 |
2024 Pledge Member
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, DJ36 & BB54
Posts: 1,780
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Softening
![]() No offence, but has one been living under a rather large rock? Sent from my iPhone using Tapatalk |
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#104 |
2024 Pledge Member
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, DJ36 & BB54
Posts: 1,780
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This is a price chart Rolex Panda Daytona (the golden child) watch chart for the last 3 years.
If this is softening, I’d hate to see an actual crash! ![]() Sent from my iPhone using Tapatalk |
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#105 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
Draw a mean line from before the spike to now, and yes, it is just softening. If that spike had not happened, it wouldn’t be causing the panic we see everywhere on socials these days. |
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#106 | |
2024 Pledge Member
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, DJ36 & BB54
Posts: 1,780
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Quote:
What’s the saying, if my aunt had balls she’d be my uncle… Sent from my iPhone using Tapatalk |
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#107 | |
2024 Pledge Member
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, DJ36 & BB54
Posts: 1,780
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Quote:
A mean line, like this one? Zoomed out to a 5 year chart. Takes us somewhere around the late £20 to 30k mark. Still a crash then. ![]() Sent from my iPhone using Tapatalk |
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#108 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
Has it crashed from the peak? I’d still argue no, it’s a market correction. And your line - doesn’t follow to the prices where the are now, what you put is more of a continued uptrend which didn’t happen. Just for what it’s worth, my guess would be, add another 5 years to that chart in the future and it’ll follow that trend line upwards a bit more closely. We’re still in correction mode off that huge spike in the middle. Just my opinion based on what I see. |
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#109 | |
2024 Pledge Member
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, DJ36 & BB54
Posts: 1,780
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Quote:
Time will tell, I guess none of us know for sure. Sent from my iPhone using Tapatalk |
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#110 |
2024 Pledge Member
Join Date: Mar 2007
Location: US
Posts: 3,825
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The overpriced Pepsi’s are sitting and not selling so fast.
I think more people are waking up that these dealers are asking too much As far as the BS rumor about the Pepsi being discontinued to drive up the price, it was probably started by watch dealers. |
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#111 | |
Banned
Join Date: Nov 2023
Location: United Kingdom
Posts: 613
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Quote:
Agree, the grey dealers pushing that narrative on socials really spun up a good one. I don’t even think that many BLRO’s are sitting long with dealers, I think it’s more that they can’t actually get hold of many at the moment as they’re quite thin on the ground. Most adverts for watches for sale, probably don’t even have the watch in stock, and they just go hunting for one if they get an enquiry. |
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#112 | |
"TRF" Member
Join Date: Sep 2022
Location: UK
Watch: 226570
Posts: 935
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Quote:
I’ve seen quite a few under £20k recently so we’re not miles away from an inflation adjusted 2016 number. The spike to £40k was just tulips. |
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#113 |
"TRF" Member
Join Date: Jul 2018
Location: UK
Posts: 798
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Presumably ‘abundant’ because they aren’t selling…
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#114 |
"TRF" Member
Join Date: Feb 2024
Location: UK
Posts: 170
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#115 |
2024 Pledge Member
Join Date: Mar 2007
Location: US
Posts: 3,825
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Some of the dealers are in a tough spot because they bought many months ago when prices were higher. Now they are significantly lower so they are holding expensive inventory. So do I feel sorry for them? Absolutely not. These were the guys buying from the back door of AD’s during the height of Covid and selling at huge markups to us. Also these were the guys buying at low prices when people needed to cash out.
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#116 |
"TRF" Member
Join Date: Sep 2017
Location: Southeast
Watch: 214270
Posts: 2,675
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lol dealers must be hoarding pieces where you live
__________________
Never place your happiness on something you have or can physically acquire |
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#117 |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 20,431
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Easy solution for those concerned:
Simply wait about 8 to 10 years for the next central bank bubble... or bust depending on your timing. ![]()
__________________
__________________ 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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#118 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2015
Real Name: Grant
Location: U.S.
Watch: GMT 1675 PCG Gilt
Posts: 5,830
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Quote:
![]() ![]() Just another WIS who loves to trade. @bladeandwatch1 on IG
__________________
Just another WIS who loves to trade... |
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#119 | |
"TRF" Member
Join Date: Jun 2013
Location: Dallas, TX
Posts: 136
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Quote:
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#120 | |
"TRF" Member
Join Date: Aug 2022
Location: Tenerife
Posts: 618
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Quote:
I'll be back in Barca early next year so hopefully an even better choice.. ![]() |
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