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#2011 |
"TRF" Member
Join Date: Dec 2010
Location: N/A
Posts: 11,136
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Prices softening quick (and it’s december!). Post Christmas will be interesting….
Sent from my iPhone using Tapatalk
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Instagram: @watches_anonymous |
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#2012 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,801
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B-b-b-but prices will pick up during the holidays
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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#2013 |
"TRF" Member
Join Date: Sep 2020
Location: USA
Posts: 445
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Do people actually think Rolex CPO will be less than grey? Every CPO program out there shows the opposite. They will charge even higher prices than the grey market.
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#2014 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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#2015 |
"TRF" Member
Join Date: Dec 2017
Location: FL
Watch: ♛ & ✠
Posts: 943
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they can charge whatever they want but if those cpo watches just sit there gathering dust....then they will need to adjust/lower the pricing to a level the mkt. would be willing to bear. right now mkt. is trending lower. let's say an AD prices a cpo Sub @ $18K, i doubt there will be takers.....though to be fair, remains to be seen.
Last edited by sski; 2 December 2022 at 03:13 PM.. Reason: spelling! |
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#2016 | ||
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Sep 2012
Real Name: Anthony
Location: Triad
Watch: Me go broke!!!!
Posts: 4,036
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Quote:
Quote:
I'm an exec in the auto industry for many decades and when comparing cars, yes I know its not apples to apples, but a CPO versus a Non Cpo of the same make model will always sale for more. Mainly because there is a fee that the dealer has to pay the manufacturer/plus extra labor and parts cost to be able to label that car "CPO" I think what people might be missing is its not Rolex setting the prices or at least thats my opinion. Its the A D's. Rolex has just made yet another way to make money and I seriously think this is much ado about nothing. I mean its not like Rolex is gonna be out here buying up preowned inventory. If so from who/where? And I definitely dont see Rolex opening up any preowned dealerships lol. All this is, is just a way for the A D's to take a watch in on trade, have it serviced, and slap a CPO sticker on the watch What I find interesting is how this will play out in the A D's. As in what will the offer on such trade in? How will affect waiting lists on new models? The games? The run arounds? As to the secondary market all I see happening is Rolex A D's playing ball like Chrono and all the rest but again its the A D's not Rolex. Unless you're telling me Rolex is gonna have a store front somewhere or start listing a pre owned section on Rolex.com
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#2017 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Feb 2009
Location: GMT -4
Watch: M79360B-0002
Posts: 4,074
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Quote:
In my many years of buying pre-owned luxury import vehicles I always preferred CPO. I liked that I was getting something that had gone through a certified XXX point inspection by the dealer and had to meet the manufacturer's CPO programs guidelines and came with paper to back it up (a warranty). Sure, it cost more but from a general consumers point of view I believe it was worth it. The key here is "general consumers" point of view and not the WIS's perspective. Probably 98% or more of the Rolex watch market are not TRF members who have a different perspective. I think this program will do well for the ADs that put the money into having a certified technician set up in their location. ![]() PS. I apologize for perpetuating the hijacking of this thread from its well-deserved original intent. |
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#2018 |
"TRF" Member
Join Date: Apr 2020
Location: United Kingdom
Watch: Omega, Rolex etc..
Posts: 316
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I think it’s a positive thing.
A 5 digit CPO sounds fantastic |
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#2019 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,649
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#2020 | |
"TRF" Member
Join Date: Sep 2021
Location: SFO
Posts: 1,191
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Quote:
Thank you very insightful! Sent from my iPhone using Tapatalk |
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#2021 | |
"TRF" Member
Join Date: Sep 2020
Location: USA
Posts: 445
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Quote:
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#2022 |
"TRF" Member
Join Date: Jul 2018
Location: UK
Posts: 799
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Yes, if I was buying a used Porsche, I would definitely pay a premium to buy from an AD than a general used car dealer
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#2023 |
"TRF" Member
Join Date: Aug 2016
Location: Los Angeles, CA
Watch: AP 15500
Posts: 700
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I get that for something as complicated as a Porsche but for a mass produced watch that retails for like $8k (like a Sub)? Seeing the current prices for this program is that piece of mind worth thousands of dollars extra?
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#2024 |
"TRF" Member
Join Date: Dec 2010
Location: N/A
Posts: 11,136
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__________________
Instagram: @watches_anonymous |
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#2025 |
"TRF" Member
Join Date: Jan 2022
Location: Asia
Posts: 455
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CPO watch purchases will become a new way for you to clock your purchase history. CPO watches will be priced way above current grey market prices. ADs will use brand new Rolex as a carrot for you to purchase CPO watches.
The issue now is, how many of us are willing to buy at CPO prices? I am not going to pay CPO prices no matter which direction the market moves. At the very most, I’m out of the watch collecting journey but my life still carry on. Ultimately it’s a want, not a need. |
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#2026 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 76,405
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Quote:
I’m glad to see them go this route ![]() |
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#2027 |
"TRF" Member
Join Date: Mar 2019
Location: NYC
Posts: 572
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deleted
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#2028 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,283
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How are prices doing this morning?
Sent from my iPhone using Tapatalk |
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#2029 |
"TRF" Member
Join Date: Oct 2009
Location: Mid Atlantic
Posts: 86
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#2030 |
"TRF" Member
Join Date: Apr 2020
Location: N/A
Posts: 471
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50th anniversary 26240 steel black AP chrono brand new complete for $51k. Still available.
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#2031 |
2024 Pledge Member
Join Date: Nov 2020
Real Name: Jay
Location: Bay Area, CA
Watch: 326934
Posts: 2,298
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Raining in Cali so decided to browse a bit.
Fully stickered 11/22 126610ln for $13.8k (card, no box) Sized 11/21 124060 for 11.2k (full set) Neither have sold yet from what I see. 124060 is somewhat tempting. |
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#2032 |
"TRF" Member
Join Date: Sep 2022
Location: UK
Watch: 226570
Posts: 943
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So would I - but I generally pay an extra 10% or so on a car to have it approved used - ie checked over and get a manufacturer warranty. I wouldn’t pay it if it was 40%… And I always view watches in a very similar way to cars. (If it was a 40% difference, I’d be saving that money towards a repair in the unlikely event it was ever needed!)
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#2033 | |
Banned
Join Date: Feb 2009
Location: USA
Posts: 530
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Quote:
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#2034 |
Banned
Join Date: Feb 2021
Location: Gnčččve
Posts: 595
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With Larry Summers' last comments in his interviews, he confirmed indirectly that watch market will continue to go down because FED still has not broken the job market. https://www.youtube.com/watch?v=CSswzkgtjIM
Now I understand why greys are doing everything to pump and dump their stock. Do not fall for their words. Roman Sharf is getting ridiculous (comments to his post are fun af): https://www.youtube.com/post/Ugkx_p1...j_MsjfuvXAkhAx |
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#2035 |
Banned
Join Date: Feb 2009
Location: USA
Posts: 530
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from what I'm seeing nearly all PM Rolexes are going for or below retail on the grey dealer market. They're typically the last to rise and the first to fall hard...
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#2036 |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 578
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That’s right, mostly because people get interested in those only when they cannot find stainless models. It is going to be interesting to see what happens with dealer availability of the 5811G...
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#2037 | |
"TRF" Member
Join Date: May 2020
Real Name: Screwly
Location: USA
Watch: “Pepsi”
Posts: 2,369
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Quote:
I was the opposite. I have been hooked on pm watches after I purchased my first one. I love the heft compared to my stainless watches, and I find myself reaching for them more on daily basis. I was never a big gold guy, but I have done a complete 180. Would much rather have a rose gold watch rather than a stainless these days. Sent from my iPhone using Tapatalk
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IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial |
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#2038 | ||
Banned
Join Date: Feb 2009
Location: USA
Posts: 530
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Quote:
Quote:
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#2039 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,801
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Where are all the people at claiming that prices would pick back up during the holidays?
The drop in transaction velocity is staggering - there is no floor in sight and we won’t see one for quite some time. .
__________________
AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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#2040 | |
"TRF" Member
Join Date: Dec 2009
Real Name: Bob
Location: Mountains
Watch: ALS, AP, PP, Rolex
Posts: 2,965
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Quote:
Watch for the bounce. Speculator interest is likely gone, at least for a time, but durable demand and wealth have both increased since the mid 20-teens. Demand is not going back to 2010 levels, even if the “investors” leave the market. |
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