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#1681 |
2024 Pledge Member
Join Date: May 2008
Location: New Jersey
Posts: 6,634
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WG SUB-116719 GMT MASTER II 126719 |
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#1682 | |
"TRF" Member
Join Date: Feb 2016
Real Name: Ken
Location: Canada
Watch: Rolex 116610LV
Posts: 738
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Quote:
Sent from my SM-N975W using Tapatalk |
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#1683 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2009
Location: GMT -4
Watch: M79360B-0002
Posts: 4,074
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Quote:
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#1684 | |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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Quote:
People thought 2020-2022 sucked because of masks/social distancing, wait until they see what 2023 looks when a recession truly starts affecting your lifestyle ability. This isn’t a doom a gloom post, it’s more disbelief that instead of adequately preparing there’s a bunch of guys/gals who simply refuse to believe stuff can’t go sour. |
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#1685 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
In some countries, only the baby boomers understand what inflation meant (daily life, projects, job, etc). It is hard to blame them. (Even if it would not kill to read History books once in a while) |
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#1686 | |
2024 Pledge Member
Join Date: Aug 2010
Real Name: H
Location: North Carolina
Watch: M99230B-0008
Posts: 5,675
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Quote:
Hype has evaporated. So has ability to flip and make a profit on most watches. There are a ton of buyers/"investors" (who did not purchase with intent to wear) with remorse and inability to unload without a big loss. I doubt the buyers who propped up this buying spree will be back the market in the foreseeable future. And without these buyers, I think we will continue to return to more normal times. And about that "bargain" word. Compared to what? The insane prices that could not last? Ok. But not compared to demand which is circling the drain. I do not consider 20% above MSRP a "bargain" for a used mass produced non vintage watch. The fact that bread and butter Rolex are sitting at that price on sellers websites, and the fact that you cannot sell to a dealer without getting a massive haircut, tells me others share my view. ![]()
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#1687 |
"TRF" Member
Join Date: Jan 2022
Location: Asia
Posts: 455
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I guess many out there still think that they are able to flip for a profit.. there also exist a significant group of genuine collectors who will buy from ADs and wear the watch. So demand at ADs will remain high for now… but not for very long. Just be patient, watches at MSRP will definitely come for most of the models. Patience guys!
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#1688 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,283
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Watches remain a great investment, ‘better stored than wored’ as they say.
Sent from my iPhone using Tapatalk |
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#1689 |
"TRF" Member
Join Date: Jun 2015
Location: Bay Area
Posts: 500
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So how long until I get a Daytona panda? Haha
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#1690 |
"TRF" Member
Join Date: May 2019
Location: California
Posts: 308
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Sotheby's sold quite a lot of fine watches today at auction at pretty good prices for some of the auctions.
https://www.sothebys.com/en/buy/auct...line?locale=en The sold prices noted include the 25% auctioneer surcharge. A Patek 5711/1A-010 sold for 113400 CHF - I guess that's the market now, no more $250K! (although 1stDibs is still trying to sell one for even more than that). |
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#1691 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
Interesting also to see that the prices are inside the estimate. Last 2 years, they were always over the max with nice lots a x2.5 the max. |
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#1692 | |
"TRF" Member
Join Date: Nov 2011
Location: Paris
Posts: 3,575
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Quote:
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#1693 |
"TRF" Member
Join Date: May 2019
Location: California
Posts: 308
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You should be able to see all 168 results for the Sotheby's auction without creating any account or logging in.
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#1694 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,649
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Buy the dip……the desireable pieces will rebound
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#1695 |
"TRF" Member
Join Date: May 2019
Location: California
Posts: 308
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I just today saw a brand new unworn 5711 Patek, white dial, 2019 model, sell on a dealer network under 100K.
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#1696 | |
"TRF" Member
Join Date: Jul 2018
Location: UK
Posts: 799
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Quote:
Sadly, can’t help feeling they are in for a shock… |
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#1697 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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2020 white Daytona, box and papers, $27k
still going down |
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#1698 |
2024 Pledge Member
Join Date: Jan 2017
Location: Orange County, CA
Watch: SD43
Posts: 457
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There are 506 WW on C24. 116 in the US. Cheapest today is $30K. It’s going to go down at least another 20% in the next 3 months. That’s my prediction. Hard to see it going lower than that. But we should see many more for sale in the mid 20s.
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#1699 | |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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Quote:
I see black dial settling below 20, white right at 20. A small premium on Daytona will make sense, it will remain desirable after whatever passes and there really isn't a ton of them produced like a Submariner. So a ~20% markup is completely in the realm of normalcy. Current level is still absurd though. |
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#1700 |
"TRF" Member
Join Date: Jun 2015
Location: Bay Area
Posts: 500
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I’ll pay about $18K for a white dial Daytona. Easier vs waiting and putting up with AD.
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#1701 | |
2024 Pledge Member
Join Date: Jan 2017
Location: Orange County, CA
Watch: SD43
Posts: 457
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Quote:
If I was hunting for one next year, I'd be looking for private parties everywhere I could even Craigslist. For example, I saw a 2002 16610 Sub selling for $9500 (seller will take $9K) on Craigslist. That's a 50% gain on the final MSRP of $6K. |
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#1702 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,283
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This thread embodies the last 6 months
https://r.tapatalk.com/shareLink/top...ink_source=app Sent from my iPhone using Tapatalk |
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#1703 | |
"TRF" Member
Join Date: Nov 2017
Location: New York
Posts: 132
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Quote:
Riveting read ![]() Sent from my iPhone using Tapatalk |
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#1704 | |
Banned
Join Date: Feb 2021
Location: Gnèèève
Posts: 595
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Quote:
![]() I whish I could give you thumb up to boost your karma like on reddit. Superb find. |
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#1705 |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,375
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#1706 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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Hahahahaha that is hilarious.
and I can almost guarantee you it didn't go for $18 lol |
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#1707 | |
2024 Pledge Member
Join Date: Jan 2017
Location: Orange County, CA
Watch: SD43
Posts: 457
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Quote:
Almost looks like an April Fools post; that's how funny it is. |
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#1708 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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black dial full set Daytona, 23.8k
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#1709 | |
"TRF" Member
Join Date: Sep 2021
Location: SFO
Posts: 1,191
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Quote:
Lol this is a great find. I've bookmarked it and gotten my popcorn out. Especially love how market was tanking but price was raised 20% because of the condition ![]() ![]() Now it's worn, no end in sight of the knife falling and still sitting. I give kudos to posting the actual sales receipt but it shows the insanity over the past 18months! "Hey, I got a mass-produced, non-rare, non-handfinished, still in production product for 10k. Would you like to take it off my hands for a tidy 200% (!!!) profit for me?" ![]() ![]() ![]() ![]() ![]() ![]() |
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#1710 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Aug 2015
Location: FL
Posts: 435
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When you're so far ahead in the race that you're starting to lap everyone, you might start to think you're behind...
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