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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#151 |
"TRF" Member
Join Date: Jan 2019
Location: SoCal
Posts: 54
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Did they though? Just for stainless watches? 'Cause I have seen PM watches sitting in cases for a while. I also thought Rolex vehemently stated they have never reduced supply; only that there is (err was) a greater demand for SS across the globe due to new found prosperity in more countries.
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#152 |
"TRF" Member
Join Date: May 2017
Real Name: Louis Nick Ric
Location: Michigan, USA
Watch: Blnr, Expll, Subs,
Posts: 10,167
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Theres going to be a bigger supply on the used market due to many people looking to dump.
Sent from my SM-G970U using Tapatalk |
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#153 |
"TRF" Member
Join Date: Mar 2017
Location: La La land
Watch: A few
Posts: 99
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This flipping game bubble has busted! People flipping say, a Hulk 50 times for a $100 profit on each transaction are truly over.
The music has stopped and the greys are all left without a chair, exposing their naked buttocks with balls tugged. Not a pretty sight! What's going to be even more hilarious is if the irrational exuberance in the last couple of years was predominately generated by flippers flipping among themselves. |
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#154 | |
"TRF" Member
Join Date: Dec 2019
Location: Boston
Posts: 1,302
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Quote:
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#155 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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#156 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,984
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Were the closures to continue into the summer, the Dow will definitely be in the low single digits. Second quarter numbers will already be bleak and how much of that is priced into the current level is unknown. Once guidance is re-instated, the markets will stabilize. Its the unknown that really panics the market. The good news is the move afoot to re-open for business sooner not later.
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#157 | |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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Quote:
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#158 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,984
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Quote:
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#159 |
"TRF" Member
Join Date: May 2017
Location: Long Island
Posts: 532
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Another thread
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#160 |
"TRF" Member
Join Date: Oct 2019
Location: Tennessee, USA
Watch: 16800
Posts: 517
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Expect even lower supply!
Proclamations like this are silly but not unexpected. I think they’re usually driven by an ulterior motive.
ADs are worried about future sales (though they probably shouldn’t). Gray dealers are worried about the hundreds of thousands of dollars of stock the have sitting in a safe somewhere and are unlikely to sell any time soon, and certainly not at the inflated prices they had expected. And then there are the buyers who overpaid. If you overpaid because you loved the watch and wanted to give it to your kid one day, nothing that is happening now should bother you. If you overpaid and you still thought it would be a good investment, the future is looking bleak. I have a feeling there are many people out here who fall into that latter category. Sent from my iPhone using Tapatalk |
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#161 |
"TRF" Member
Join Date: Feb 2020
Location: Canada
Posts: 12
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Well, Rolex is not a scarce commodity but rather an abundant one. Just checked C24, and there is 80k Rolexes listed just on this platform. So, it is safe to assume that right now, hundreds thousands of Rolex watches are listed for sale around the globe, and most of them without move because of ridiculous asking prices. As people will be needing more cash down the road, more bargain prices will pop up. As simple as that.
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#162 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,826
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The hammer, and the dance against COVID-19
Don't be misinformed - this is the playbook. Lockdown beyond a few weeks in economic suicide. https://medium.com/@tomaspueyo/coron...e-be9337092b56 |
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#163 |
"TRF" Member
Join Date: Mar 2020
Location: England
Posts: 10
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Plenty supply
I have noticed AD's miraculously finding they have Rolex models come into stock this last week and especially last weekend. Lots of people getting calls to say their watch has arrived. Rolex obviously decided to offload a load of units before the lockdown. Just goes to show they have them in stock if they wish to supply them !
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#164 | |
"TRF" Member
Join Date: Jun 2015
Location: UK Bristol
Watch: DSSD SD43 Mk1 50TH
Posts: 1,247
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Quote:
BUUUUUT starvation only kills the poor and isn't it a shame that its such a simple thing to cure |
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#165 |
"TRF" Member
Join Date: Apr 2009
Location: Bay Area
Watch: Rolex, PP, Lange
Posts: 1,024
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Yes supply could be impacted because of factory shutdown, but I think demand will drop further. And let's not forget the stock pile of inventory in the grey market. price will inevitably drop.
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#166 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jan 2019
Location: NJ, USA
Watch: Hulk, BLRO
Posts: 1,610
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Quote:
I will continue to pursue this model when the appropriate time comes for me. Which, after recent events in my life, will not be for years now. |
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#167 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2015
Real Name: Mike
Location: London
Posts: 3,302
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Personally, I would wager that the Rolex factory shutdown will be nothing more than a small bump in the road.
Short lived and will have little to no effect. The majority of Rolex customers aren't even shopping for a watch whilst the factory is closed. |
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#168 | |
Banned
Join Date: Mar 2020
Location: Virgina
Posts: 3
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Quote:
Hunger does discriminate based on geography and socioeconomic. Hunger is not contagious. Where as the virus does not discriminate. Bill Gates will never go hungry but he can catch the virus. Sent from my iPhone using Tapatalk |
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#169 |
"TRF" Member
Join Date: Oct 2019
Location: Nomadic
Posts: 221
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ADs will continue to have low stock, maybe even lower stock because Rolex is shut down. Rolex will not drop their RRP at all. People who have been on waiting lists and are financially secure will still buy if they want the watch but there will be less people interested. Flippers will not buy because most greys will not pay a worthwhile price. Greys will try to hold their prices and ride out the storm. In the face of very low sales or no sales some will liquidate their stock fearing a crash and the market will soften considerably causing others to loose their nerve and do the same. The fashion pieces that traditional Rolex buyers don’t care much about that have been hyped by Instagram and have the largest difference between AD RRP and grey prices will be hit hard. Hulks, Pepsis and Daytonas. Less hyped pieces will drop to just below AD prices and stay there.
The economic shutdown will come to an end before the medical crisis is over because people will get used to the risk and need the money. Governments will know they cannot sustain an open ended lockdown until a vaccine arrives and will declare that the crisis is passed with a peak in demand for medical services delayed and flattened out to a manageable level. Elderly and other high risk people will become the recipients of Government help whilst the strong will have to go back to work with a range of measures designed to reduce risk such a thermal camera monitoring and more people working from home, less travel, video conferences etc. Some industries will be hit hard others less so. The governments will justify the change of policy by explaining that a failed economy would lead to more deaths in the long term than would be caused by the virus. Drugs that lessen the chance of serious symptoms will be available, they will be ones previously licensed for use for other illnesses and found to be effective. One factor that will help is that pharmaceutical companies will share research data and profits for the common good. Normality will return by mid summer and as confidence grows the markets will pickup and only be down a relatively small amount from where they were. Governments will have extensively used Quantitive Easing programmes to add hundreds of billions into their economies without causing significant inflation. People will start buying Rolex again and some greys will have survived but the hype will have died down and Rolex and their ADs will have to rely on sales to the traditional buyer again. SS Daytonas will remain the only hard to get model. ADs will hide other steel models in the safe but get them out when they are requested and pretend they are providing great service to their buyers. Rolex/ADs will find that the hype of the last few years has given people retail fatigue for the brand but Rolex will manage supply carefully to hide this. |
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#170 | |
"TRF" Member
Join Date: Nov 2018
Location: Planet Earth
Posts: 237
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Quote:
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#171 | |
"TRF" Member
Join Date: Nov 2018
Location: Planet Earth
Posts: 237
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Quote:
If the price of Pepsi falls below MSRP, and Rolex starts to release supply floodgate with Pepsi displaying in every ADs. Will you buy it? I asked myself such question for a Daytona (116500LN), the answer is negative. I reckon these models are selling well mainly for its perceived value retention. |
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#172 | |
2024 Pledge Member
Join Date: Mar 2018
Location: Texas
Watch: All of 'em
Posts: 498
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Quote:
__________________
Never ending journey to buy time. IG: @watchtangclan |
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#173 | |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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Quote:
The Instagram and hype crowd has moved on. I think it’s been heading this way for awhile now. The economy and virus really just brought it to the surface like a prepubescents pimple that’s about to burst. |
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#174 |
"TRF" Member
Join Date: Dec 2005
Location: US
Posts: 1,338
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I'm one of the people that got the call last week from my AD (very close friend) that my Pepsi came. As far as "desirable" models go, he said he also got a Platinum Daytona, 2 Batmans, and 1 BatGirl.
Everything is cyclical. I've been a member here a LONG time and can recall very similar threads post great recession of 2008. What happened to the supply and demand then? Granted Subs weren't nearly as impossible to get then, but good luck finding a SS Daytona. Anyways, Rolex knows what they are doing, I for one don't think this will effect retail availability much, or Rolexes bottom line all that much at the end of the day.
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I'm a perpetual kind of guy ![]() Resident Audemars Piguet Fanatic |
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#175 |
"TRF" Member
Join Date: Apr 2018
Location: Seattle
Watch: Explorer II
Posts: 784
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__________________
Daytona White 116500LN, GMT II BLNR, Explorer II Polar, Submariner 116610LV, GMT II BLRO, Sky Dweller Blue, GMT II VTNR, Datejust 41 Azurro, Datejust 1601. |
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#176 | |
"TRF" Member
Join Date: Apr 2018
Location: Seattle
Watch: Explorer II
Posts: 784
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Quote:
__________________
Daytona White 116500LN, GMT II BLNR, Explorer II Polar, Submariner 116610LV, GMT II BLRO, Sky Dweller Blue, GMT II VTNR, Datejust 41 Azurro, Datejust 1601. |
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#177 | |
2024 Pledge Member
Join Date: Mar 2016
Location: USA
Posts: 2,911
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Quote:
Your AD received 2 Batmans and 1 Batgirl last week?? Not sure how that is possible... possibly a typo?
__________________
Two Factor Authentication Enabled On My Account. |
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#178 | |
2024 Pledge Member
Join Date: Apr 2008
Real Name: jP
Location: Texas
Watch: GMT-MASTER
Posts: 17,186
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Quote:
Everything will be fine real soon. Trust me, I have connections ![]() ![]() ![]()
__________________
Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics. |
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#179 | |
2024 Pledge Member
Join Date: Apr 2008
Real Name: jP
Location: Texas
Watch: GMT-MASTER
Posts: 17,186
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Quote:
__________________
Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics. |
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#180 | |
Banned
Join Date: Mar 2020
Location: Virgina
Posts: 3
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Quote:
What were grey prices for Daytona around 2008? Sent from my iPhone using Tapatalk |
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