ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
4 May 2022, 03:14 AM | #121 |
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Same! Got my first at 14! Life long enjoyment for myself and family.
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4 May 2022, 03:17 AM | #122 |
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4 May 2022, 03:45 AM | #123 | |
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Quote:
Many other watches in my collection have devalued. Swings & roundabouts: watches for me are not an investment vehicle, I just got lucky with a couple of them, having bought well before the watches attained greater popularity and price increases began. Dumb luck, I'm not a guru! |
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4 May 2022, 05:04 AM | #124 |
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I think when you get off the forums (and I don't know but imagine TRF is attracting the worst of this), you will IMO find:
1) Most Rolex owners don't notice and fret over every little hairline scratch and other signs of (gulp) actual usage 2) Most Rolex owners don't follow aftermarket pricing and have no idea that their watch topped out at $xxxxx two months ago and is now down 9.374% 3) Most Rolex owners would be as unlikely to consider selling a watch they enjoy wearing and hopefully buying it back cheaper once the market declines as they would to melt their wedding band for its gold value and then have a new one made when gold prices decline. 4) Most Rolex owners would no sooner plan a new Rolex purchase as they walk out of the store with their latest watch than they would formulate a game plan to trade in their new car for a better model while they are signing the paperwork at the dealership. That said, buy a watch to have it sit in a safe if it makes you happy! Sell your watch if you think of Rolexes as an "alternative investment" like you might a hedge fund or high yield lending. Buy a watch based on what you think will be most popular and most sought after in the future rather than what you like, if it makes you happy! Calculate your ROA or ROE on your watch collection daily if you're interested and believe you know selling prices. Me, I'm going to continue to enjoy the Daytona I got 5 1/2 years ago and not worry about whether I can wear it into a Wal-Mart if I get stuck going to one.
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Datejust w/black Tapestry dial (1985) / Daytona (2016) |
4 May 2022, 05:52 AM | #125 |
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Wow
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4 May 2022, 06:08 AM | #126 |
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Get what you like. If you have the means to get it, and it’s worth it to you, then do it. If you don’t like something you have anymore move it on.
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Rolex: 114060, 116600, 116610LV, 116660 JC, 116710BLNR, 126710BLRO, 326934 x 2, 16520, 16660 x 2, 16800, 16030 Tudor: BB Pro, Pelagos LHD, P01 VC: 4500v |
4 May 2022, 06:51 AM | #127 |
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O.k don’t confuse the issue with your labyrinth of truths and simplistic common sense advise as you will just confuse many.
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4 May 2022, 07:20 AM | #128 | |
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4 May 2022, 07:24 AM | #129 |
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4 May 2022, 08:28 AM | #130 |
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4 May 2022, 08:36 AM | #131 | |
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Quote:
The only problem is that today we have a lot of "Rolex buyers" but not a lot of "Rolex owners." We're still in somewhat of a Tulip craze: https://en.wikipedia.org/wiki/Tulip_mania I for one welcome this cooling off trend in the market. |
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4 May 2022, 08:50 AM | #132 | |
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Perfect way to sum it all up IMO Buyers vs owners. Massive distinction between the two and I’m with you. I welcome a even more cooling off trend.
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Rolex Collection: A few here and there. Just ask |
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4 May 2022, 09:30 AM | #133 | |
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Quote:
Sent from my SM-S901B using Tapatalk
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Once you aquire your "grail"... then what?! |
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4 May 2022, 09:37 AM | #134 |
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Seriously. People overthink this. If you want something and you can get it…get it. These aren’t stocks. These are luxury goods.
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Rolex: 114060, 116600, 116610LV, 116660 JC, 116710BLNR, 126710BLRO, 326934 x 2, 16520, 16660 x 2, 16800, 16030 Tudor: BB Pro, Pelagos LHD, P01 VC: 4500v |
4 May 2022, 01:56 PM | #135 | |
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With the benefit of hindsight you have to agree that I gave you good advice back when we first engaged on this subject, so don't shoot the messenger. I think it may take up to a decade before it's back up at those prices again. |
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4 May 2022, 02:56 PM | #136 |
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DSW meteorite gmt suddenly dropped from 98k to 79k.
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4 May 2022, 03:00 PM | #137 |
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Interesting. Holding firm on DD and Daytona I see.
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4 May 2022, 03:16 PM | #138 |
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Top of market pricing - regrets, resale?
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4 May 2022, 03:26 PM | #139 |
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Feels like some of these dealers are maybe kind of deep into these pieces they’ve been holding for awhile and trying to lighten up quickly to free up liquidity, at same time demand is down. Some price retreat looking for bid, question is where do buyers feel comfortable stepping in. I think dealers hoping C24 asks are market so retail guy will feel like he’s getting a good deal just inside.
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4 May 2022, 07:45 PM | #140 | |
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The reality is that we are both guessing, so let's wait a year and see who is right. I think there's a ton of wishful thinking about the market going on at the moment. Because of the risk of fakes, facebook is the last place I'd buy a Rolex, so I regard fb pricing as irrelevant noise. |
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4 May 2022, 08:05 PM | #141 |
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Everyone is saying super hyped pieces have dropped the most. I think that is correct as pieces like the BLRO, SS Daytona, John Mayor Daytona and even the full RG CHNR have dropped enormously.
My business partner purchased a full RG CHNR for $68k I think 3-4 months ago. Now I'm trying to sell mine and I'm getting offered like $48k-$50k for mine between 8 gray dealers and 4 of them outright said no they are not buying any Rolex at the moment. There is no real urgency to sell mine right now but dont want to be selling for $40k if it drops even further. Would you guys trade a RG CHNR for a WG 126619LB sub? The WG was already weak and I think right now even weaker. Whats the offer price on the WG 126619LB these days on Moda or any of the chat groups? |
4 May 2022, 08:21 PM | #142 | |
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4 May 2022, 08:29 PM | #143 | |
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4 May 2022, 08:44 PM | #144 | |
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Quote:
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4 May 2022, 08:46 PM | #145 | |
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4 May 2022, 08:46 PM | #146 |
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I hope these gray dealers lose all their money and go bankrupt
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4 May 2022, 08:54 PM | #147 |
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That's a bit harsh .
Grey dealers are a pre-owned dealers . They only charge ,what someone is willing to pay .Demand vs supply dictates pricing. They serve their function as pre-owned dealers.Thats their real function . The real culprits are a few ADs selling out of the back and the awful flipper man ,then the buyers at 2-3x MRSP . Personally ,I LOVE these people .All of them . They keep my collection's value high . There is always a positive . |
4 May 2022, 08:55 PM | #148 | |
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Quote:
No Rolexes have dropped "enormously", there has been a slight cooling of prices over the past few weeks, around 5% on some models. Most Rolexes are still going up, as they have always tended to do over the long term. If you are worried about losing money, don't invest in watches or cars (except rare ones). |
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4 May 2022, 08:55 PM | #149 |
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4 May 2022, 08:57 PM | #150 |
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