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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#211 | ||
"TRF" Member
Join Date: Jan 2021
Location: Australia
Watch: Panerai PAM687
Posts: 762
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Quote:
Quote:
Banks are also wary of allowing you to fix your Mortgage Rate if your Loan to Value Ratio (LVR) is above 80% Interest Rates have been below 2% here (from most of the major lenders) for a little over 3 years, so I really should have fixed my rate back in 2020, but it would have come with a (roughly) 1.2% premium over the variable rate at the time (roughly 2% variable vs 3.2% fixed) Dollar for Dollar, I was better off riding the low variable rate for as long as i did What sucks now is as rates are starting to rise, with no one knowing how high they will go, banks are setting their 5 year fixed rates at 2%-3% higher than the current variable rate so they can try to stay ahead of the rate rises over the next few years. You also need your LVR to be below 80% if you decide to go with this option, which is hard for a lot of people because property values decrease as the interest rate rises, so people who could have fixed their rates a year ago may not be able to now even if they want to pay the premium It a bit of a sh!t show, really, but i'm luckier than most, it just means i might have to wait 18 months between 5 figure watch purchases rather than 12 A few of my mates are running reasonably close to the wire, if the rates jump another 1%, they're in trouble
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If you cant afford the depreciation, you cant afford the purchase |
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#212 |
"TRF" Member
Join Date: Jan 2021
Location: Australia
Watch: Panerai PAM687
Posts: 762
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Those terms dont mean much unless you're selling
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If you cant afford the depreciation, you cant afford the purchase |
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#213 | |
"TRF" Member
Join Date: Nov 2020
Location: Under a Rock
Posts: 296
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Quote:
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#214 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 611
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New 124060 with box and papers sold for 12.5.
Coming dangerously close to retail + MSRP Sent from my iPhone using Tapatalk |
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#215 |
"TRF" Member
Join Date: May 2021
Location: USA
Watch: Rolex and Patek
Posts: 1,027
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I have seen similar pricing as well. I think that they would be much more attractive if inflation weren’t so sticky. That said, things are slowly trending downward. I did see a chnr full set for 18.9 recently and thought wow! Pepsi now flirting with prices below 20k.
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#216 | |
2024 Pledge Member
Join Date: Oct 2009
Real Name: Gary
Location: USA
Watch: Daytona
Posts: 11,471
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Quote:
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#217 |
Banned
Join Date: Jun 2019
Location: Tenerife
Posts: 123
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I'm not seeing the auction market dropping particularly.
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#218 |
"TRF" Member
Join Date: Oct 2017
Location: Chicago, IL
Posts: 713
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#219 |
"TRF" Member
Join Date: May 2022
Location: DFW
Posts: 169
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01/22 Worm yet great condition 124060 w/ card sitting at 11.8k at the moment.
Comments: "Please raise your price" "$dealer singlehandedly dragging down the market." |
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#220 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 611
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#221 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 611
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#222 |
"TRF" Member
Join Date: May 2022
Location: DFW
Posts: 169
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#223 |
"TRF" Member
Join Date: Oct 2017
Location: Chicago, IL
Posts: 713
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Agreed. I was offered one BNIB from a trusted sell here for $13k, a great price a few months ago maybe, but dropping quickly. That offer was two weeks ago - I am sure it's lower now too.
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#224 |
"TRF" Member
Join Date: Oct 2015
Location: Orange County, CA
Posts: 342
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I'm a member of MODA as well. Sold watch there.
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#225 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 611
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#226 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,801
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Anyone who thinks that aftermarket watch prices aren’t/won’t continue to precipitously fall has their head in the sand.
Brand new Daytona (black dial) sitting for <30k. Not to mention all of the other references that have dropped by double digit percentage points and are still sitting. Someone please give me a defensible argument as to why we’re at or near the bottom? LOL Looking forward to the era when people were in it for the love of horology.
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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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#227 | |
Banned
Join Date: May 2022
Location: Ga
Posts: 78
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Quote:
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#228 |
"TRF" Member
Join Date: Feb 2020
Real Name: Ryan
Location: Portland, OR
Watch: GMT II, Exp Polar
Posts: 298
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The watch will sell at what the market will bear. While I appreciate the members of Moda protecting their margin, this is how market economies work. The owner of that watch is free to sell at the price he or she desires.
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#229 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,649
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#230 |
"TRF" Member
Join Date: Feb 2020
Real Name: Ryan
Location: Portland, OR
Watch: GMT II, Exp Polar
Posts: 298
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#231 |
"TRF" Member
Join Date: Oct 2008
Location: Tejas
Watch: Various
Posts: 5,082
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I think Moda even has a floor for prices, watches must be 10k or more. In that market Rolex is rather entry level.
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#232 |
"TRF" Member
Join Date: Feb 2020
Real Name: Ryan
Location: Portland, OR
Watch: GMT II, Exp Polar
Posts: 298
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That’s totally fair. My issue with it was more that there were trying to keep the prices artificially high to protect their margins and existing inventory, I assume.
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#233 |
"TRF" Member
Join Date: May 2022
Real Name: John
Location: Houston
Posts: 191
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How would they be able to do that?
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Tired of lying in the sunshine, staying home to watch the rain You are young and life is long, and there is time to kill today And then one day you find ten years have got behind you No one told you when to run, you missed the starting gun |
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#234 |
"TRF" Member
Join Date: Jul 2018
Location: Seattle
Posts: 97
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#235 |
"TRF" Member
Join Date: Feb 2020
Real Name: Ryan
Location: Portland, OR
Watch: GMT II, Exp Polar
Posts: 298
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According to what was posted in this thread, a seller posted a watch and another member of the group requested the asking price be increased.
My guess is that the other sellers want to protect the selling prices to protect their margins on stock on hand. But that’s just a guess. This could be done in a number of ways, most notably through the moderation of the group. |
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#236 |
"TRF" Member
Join Date: May 2021
Location: USA
Watch: Rolex and Patek
Posts: 1,027
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#237 | |
Banned
Join Date: Sep 2015
Location: everywhere
Posts: 849
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Quote:
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#238 | |
"TRF" Member
Join Date: May 2022
Location: DFW
Posts: 169
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Unworn yellow gold, green dial DD40 sold for 69.5k on Moda
Quote:
The 124060 that I previously mentioned (slider w/ card) is still sitting at 11.8k. |
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#239 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,923
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#240 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 611
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