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

[Polar Bear]

Originally Posted by JWillard

No fix rate in AUS for mortgage

Originally Posted by mountainjogger

Well that bites. Any way to get a fixed rate so you have piece of mind?

Originally Posted by GB-man

That seems almost criminal.

Originally Posted by JWillard

I was asking if they do have fix rate, sorry for my poorly question structure, but anyhow i am not sure why anyone would take an adjustable rate

As someone has already posted, fixed rate mortgages in Aus are only offered on 3-5 year terms (typically at a higher interest rate than the variable option)
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

[Polar Bear]

Originally Posted by Incroyable12

Things like naked and slider must be dealer speak.

Even if you've been into watches for a long time you may not be familiar with that kind of lingo.

Those terms dont mean much unless you're selling

[trout_thumper21]

Originally Posted by padi56

this was a forum started mainly for about the history and watches made by the rwc over the past 100 odd years. Now today rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

lol

[HelloMelo]

New 124060 with box and papers sold for 12.5.

Coming dangerously close to retail + MSRP


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[Turbo Racer]

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.

[garyk]

Originally Posted by TheVTCGuy

Brought back memories of my meals on USS Saratoga during Desert Storm…

That’s cool. I’ve eaten in mess halls but never any sliders. That would have been a treat.

[R.bartlett]

I'm not seeing the auction market dropping particularly.

[Bstewart]

Originally Posted by HelloMelo

New 124060 with box and papers sold for 12.5.

Coming dangerously close to retail + MSRP


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Retail+MSRP? You mean MSRP+tax?

[pursang_]

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."

[HelloMelo]

Originally Posted by Bstewart

Retail+MSRP? You mean MSRP+tax?

Oops. MSRP + Tax. Thanks for the correction. I think most would be in buy territory once the 124060 hits 11k

[HelloMelo]

Originally Posted by pursang_

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."

Moda? I know most people wouldn't mind a 1k premium for a sub. Coming closer and closer to 11k!

[pursang_]

Originally Posted by HelloMelo

Moda? I know most people wouldn't mind a 1k premium for a sub. Coming closer and closer to 11k!

Yes, Moda.

[Bstewart]

Originally Posted by HelloMelo

Oops. MSRP + Tax. Thanks for the correction. I think most would be in buy territory once the 124060 hits 11k

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.

[zoenatenich]

Originally Posted by dmash

Yeah idk why people are acting like MODA is sketchy, it’s actually a cool niche group to get the best prices. If prices continue to fall towards MSRP, could be an amazing way to get watches undercutting bigger greys, from still reputable sources.

I'm a member of MODA as well. Sold watch there.

[HelloMelo]

Originally Posted by zoenatenich

I'm a member of MODA as well. Sold watch there.

Naked BLNR just sold for 15.5k shipped. Lowest I've seen it go so far.

[Vince_76]

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.

[JWillard]

Originally Posted by Vince_76

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 digits 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.

china china china .... i am joking

[Bobcat Sig]

Originally Posted by pursang_

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."

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.

[1665fan]

Originally Posted by HelloMelo

Naked BLNR just sold for 15.5k shipped. Lowest I've seen it go so far.

Nobody wants naked watches lol

[Bobcat Sig]

Originally Posted by 1665fan

Nobody wants naked watches lol

I’ll take a naked jubilee Pepsi… Wait, what are we talking about again?

[amh]

Originally Posted by Bobcat Sig

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.

I think Moda even has a floor for prices, watches must be 10k or more. In that market Rolex is rather entry level.

[Bobcat Sig]

Originally Posted by amh

I think Moda even has a floor for prices, watches must be 10k or more. In that market Rolex is rather entry level.

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.

[JRedford]

Originally Posted by Bobcat Sig

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.

How would they be able to do that?

[mwc5k]

Originally Posted by amh

I think Moda even has a floor for prices, watches must be 10k or more. In that market Rolex is rather entry level.

They have a $10k and under group too. Sometimes there’s great deals on Grand Seiko, Breitling, etc.

[Bobcat Sig]

Originally Posted by JRedford

How would they be able to do that?

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.

[Turbo Racer]

Originally Posted by mwc5k

They have a $10k and under group too. Sometimes there’s great deals on Grand Seiko, Breitling, etc.

And subs, air kings, explorer 1 & 2 and speedmasters

[eijiboy]

Originally Posted by Turbo Racer

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.

Theres pepsi bnib on oyster just hit below 20k. 19850 to be exact.

[pursang_]

Unworn yellow gold, green dial DD40 sold for 69.5k on Moda

Originally Posted by eijiboy

Theres pepsi bnib on oyster just hit below 20k. 19850 to be exact.

Two listings for Oyster Pepsis active at the moment. The other is 19.5k after dropping from 19.9k

The 124060 that I previously mentioned (slider w/ card) is still sitting at 11.8k.

[dmash]

Originally Posted by HelloMelo

Naked BLNR just sold for 15.5k shipped. Lowest I've seen it go so far.

Nuts. Prices dropping fast

[HelloMelo]

Originally Posted by dmash

Nuts. Prices dropping fast

Yup. Now the mad dash for the exits…


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