Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[eijiboy]

ITs already thanksgiving, Where are those people here saying that when the holiday comes the watch market will go up again?
I dont see any price increase...

[Trailboss516]

Originally Posted by eijiboy

ITs already thanksgiving, Where are those people here saying that when the holiday comes the watch market will go up again?
I dont see any price increase...

Here you go:

https://www.rolexforums.com/showthread.php?t=879033

[eijiboy]

Originally Posted by Trailboss516

Here you go:

https://www.rolexforums.com/showthread.php?t=879033

LOL. saw this already. Its not even sold at a sale price lol

[eijiboy]

Mint RG dd olive dial now at 46k.

[Vince_76]

Originally Posted by APWhale

The seller hasn't modified the original listing but has confirmed in the comments as sold. And regarding your first post the listing was barely 45 minutes old but I guess that's long enough to be considered "sitting".

To be clear I have nothing wrong with discussing market prices but it would be nice if we could post price updates without inferring each time that the sky is falling. The prices alone confer the message.

So you admit it wasn’t sold when I posted? Lol chill out man it’s not that serious.

[Mr Ben]

I’m starting to get excited. I’ve held off buying a long time and watched all the MODA price drops referred to. That’s quite far removed from the U.K. grey market trend which is headed downwards but slowly - the dealers I’ve had an eye on seem to be getting a much higher level of stock in now over the last week and prices are softening significantly even on “cheaper” sports models - sub/ Exp II etc. nearly there!

[APWhale]

Originally Posted by Vince_76

So you admit it wasn’t sold when I posted? Lol chill out man it’s not that serious.

No because there are not clear timestamps but as I said it had been up for less than an hour and sold within 2 hours so I don’t consider it to have "sat" for very long. You’re right nothing serious, just prefer statements to be accurate.

[Vince_76]

Originally Posted by eijiboy

Mint RG dd olive dial now at 46k.

Crazy. That’s close to retail + tax… I thought these were rare investment pieces

[QuelleHeureEstIl]

Just watched partially the last TimePieceTrading video. So painfull I could not finish watching.

But god... they make so much money on credulous flexing customers. It is fascinating...

Their current sale talk is always the same: "look at that watch, it is now x0% cheaper. It is the perfect time to buy/invest."

Strangely, there is no follow up video of their customers who were advised to "invest" 9 months ago.

[aa909]

Originally Posted by APWhale

The seller hasn't modified the original listing but has confirmed in the comments as sold. And regarding your first post the listing was barely 45 minutes old but I guess that's long enough to be considered "sitting".

To be clear I have nothing wrong with discussing market prices but it would be nice if we could post price updates without inferring each time that the sky is falling. The prices alone confer the message.

Maybe you should look inward and assess why you're participating in a thread that is clearly upsetting to you

[Trailboss516]

Or you could avoid visiting this thread if it is triggering

[Shaggy Rogers]

Originally Posted by QuelleHeureEstIl

Just watched partially the last TimePieceTrading video. So painfull I could not finish watching.

But god... they make so much money on credulous flexing customers. It is fascinating...

Their current sale talk is always the same: "look at that watch, it is now x0% cheaper. It is the perfect time to buy/invest."

Strangely, there is no follow up video of their customers who were advised to "invest" 9 months ago.

I wonder if “Travis Baker” from Timepiece Gentleman is still offering his buyback program.

He had the 126755SARU for $250k at the beginning of the year and said he would buy it back within six months or later at same price or greater.

[APWhale]

Originally Posted by aa909

Maybe you should look inward and assess why you're participating in a thread that is clearly upsetting to you

Maybe you should contribute value to the thread rather than butt in where you’re not concerned.

My point was that market price updates should accurately reflect the deal, if anything I am adding value to your thread as I am pointing out inaccuracies so that those who are not inside Moda can have the most accurate view possible.

Wouldn’t want them to think a 15400 at 28.5k is not selling if it in fact is.

Correct me if I’m wrong.

[aa909]

Originally Posted by APWhale

Maybe you should contribute value to the thread rather than butt in where you’re not concerned.

My point was that market price updates should accurately reflect the deal, if anything I am adding value to your thread as I am pointing out inaccuracies so that those who are not inside Moda can have the most accurate view possible.

Wouldn’t want them to think a 15400 at 28.5k is not selling if it in fact is.

Correct me if I’m wrong.

By all means please continue to share info freely as I have been doing on multiple market threads. But you were doing more than that, you were attempting to moderate other people’s perspective on the market. most folks would agree “the sky is falling” (I would say the bubble has burst) when Daytonas prices on the secondary market have dropped from $50K in February down to $25K (and below).

[Al1969]

There’s a DAYTONA right here on TRF below 25K. https://www.rolexforums.com/showthread.php?t=879788

[eijiboy]

BNIB yachtmaster 42mm white gold below msrp at 27k

[aczaja10]

I think Rolex will figure out how to make sure the doesn’t tank completely. I hope the economy does not get so bad that prices completely crash. I am fine with paying MSRP and actually being able to get watches that I want from an AD, which hasn’t been the case for a long time now. I hope that prices will stabilize that if I ever needed or wanted to sell a Rolex, I wouldn’t get completely hammered and lose half (or more) of what I paid for a watch, as is the case with many other brands.

[Vince M.]

Originally Posted by aczaja10

I think Rolex will figure out how to make sure the doesn’t tank completely.

If Rolex cared about the grey market or wanted to play in it they would have raised MSRP to grey values. LOL

Rolex does not care about grey market or back pack flippers...

[Screwly]

Originally Posted by Vince M.

If Rolex cared about the grey market or wanted to play in it they would have raised MSRP to grey values. LOL

Rolex does not care about grey market or back pack flippers...

I think Rolex cares a lot about the exclusivity and demand. Why wouldn’t they love the fact all models were flying off the shelves? They run a successful business, and I guarantee they know what is going on with second hand pricing.


Sent from my iPhone using Tapatalk

[samuel019]

Originally Posted by aczaja10

I think Rolex will figure out how to make sure the doesn’t tank completely. I hope the economy does not get so bad that prices completely crash. I am fine with paying MSRP and actually being able to get watches that I want from an AD, which hasn’t been the case for a long time now. I hope that prices will stabilize that if I ever needed or wanted to sell a Rolex, I wouldn’t get completely hammered and lose half (or more) of what I paid for a watch, as is the case with many other brands.

Agreed. Used to be back when I started, buy from your A D and that’s exactly what would happen, lose half or damn near close to it. I guess what we want is a happy medium. Not 1-2 times over Msrp but not lose half either. If Rolex’s become readily available via an A D that will mean some of the red has been licked off the lollipop and values will follow.

Originally Posted by Screwly

I think Rolex cares a lot about the exclusivity and demand. Why wouldn’t they love the fact all models were flying off the shelves? They run a successful business, and I guarantee they know what is going on with second hand pricing.


Sent from my iPhone using Tapatalk

Also agreed. You can bet a company as big and profitable as Rolex knows what’s going on with there watches on the secondary market. And you can also bet they don’t wanna see there watches go back to pre boom.

[Radbloke]

Originally Posted by aczaja10

I think Rolex will figure out how to make sure the doesn’t tank completely. I hope the economy does not get so bad that prices completely crash. I am fine with paying MSRP and actually being able to get watches that I want from an AD, which hasn’t been the case for a long time now. I hope that prices will stabilize that if I ever needed or wanted to sell a Rolex, I wouldn’t get completely hammered and lose half (or more) of what I paid for a watch, as is the case with many other brands.

And therein lies the rub. Why should rolex be immune to depreciation? A lot of people are happy to see the absolutely ludicrous secondary market collapse, but once it starts going significantly under retail this is suddenly no good? You can't have it both ways.

[aczaja10]

Originally Posted by Radbloke

And therein lies the rub. Why should rolex be immune to depreciation? A lot of people are happy to see the absolutely ludicrous secondary market collapse, but once it starts going significantly under retail this is suddenly no good? You can't have it both ways.

That’s a valid point. I realize my comments were all over the board. I didn’t think much about what I said, just expressing my feelings about what I am observing.

No one knows what will happen, but I did like it around 2018 when most models were available at an AD, prices climbed, but not crazy, and there was no fear of a total market collapse. For some reason, fear of a total market collapse is in the back of my mind, perhaps threads like this don’t help that fear.

I didn’t like the steep increases and the dramatic reductions of late also make me uneasy. Like many others, I have no plans on selling any of my watches. I’ve never sold a watch. I add when I can afford it. It would just really suck to think I’ve dropped some good money on something that has no value at all.

I see similar trends in other things, too. Cars, sports cards, pretty much most collectibles. My son collects basketball cards and I enjoy that hobby with him as well. We went to a show last weekend and I saw similar things. No one wanted to buy or trade with him, even with some of his rare and very cool cards. Ironically, I saw so many Rolexes at that show. More than I’ve ever seen in any one place. Saw a platinum Day Date 40 on a dealer’s wrist and he saw me looking at and he covered it up (perhaps because I was dressed like a bum). I complimented him in the watch and he was definitely uneasy until I said, I have the same one and then it was all watch talk from there.

I guess we need to get back to my roots - collect for the joy it brings me and nothing else. That might be the right answer.

[aczaja10]

Originally Posted by samuel019

Agreed. Used to be back when I started, buy from your A D and that’s exactly what would happen, lose half or damn near close to it. I guess what we want is a happy medium. Not 1-2 times over Msrp but not lose half either. If Rolex’s become readily available via an A D that will mean some of the red has been licked off the lollipop and values will follow.



Also agreed. You can bet a company as big and profitable as Rolex knows what’s going on with there watches on the secondary market. And you can also bet they don’t wanna see there watches go back to pre boom.

I have to think Rolex knows what they are doing, too. They seem to be very much in tune with the market. I can’t say in the 20 years I’ve been collecting watches that they’ve let me down in that regard.

[Pablito]

Hi guys! Just to bring some infos on this thread, my friend put his name on a list at an AD in the beginning of June this year for a 126711 CHNR. No big spend history, his only purchase in the boutique was a Tudor BB Chrono last year. He's going to collect his Rootbeer next Tuesday, he got the call yesterday.

I don't know if it's happening, but sometimes it might happen :D.

[Mifune]

Originally Posted by Pablito

I don't know if it's happening, but sometimes it might happen :D.

well then... where's my BLRO then?
been on a list since 2018

[Pablito]

Originally Posted by Mifune

well then... where's my BLRO then?
been on a list since 2018

Well bro I don’t know where it is. Simply relating facts from my own and current experience. It looks like TT pièces might be easier to get ?

[JRedford]

Bro?

[Pablito]

Originally Posted by JRedford

Bro?

Is there any offense here? If yes please explain me why. If not, please stay focus on the main interest of the information I bring on this topic, in relation with it.

[aa909]

2-tone Daytona, nearly new, complete set listed for $21K. That’s barely above retail + tax.

[mdubya]

Imagine paying above retail for a two tone Daytona. Really goes to show how inflated prices were the past few years. Hard to imagine we won’t look back on the Covid watch market as anything but a joke in a few years time.