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

[psm11]

Originally Posted by soicanbefree

The quality of MODA has severely degraded IMO in the last month or so...

Seems to be a LOT of stale or retail/over market prices listings lately.

Makes browsing a lot less pleasurable than it used to be...

Can't complain or comment at all on there you know he's a big baby and will just kick you if you make a comment and aren't paying him.

Certainly a ton of pieces sitting and being relisted.

The unpleasantness in my opinion is how the mods are coming after people who comment about price. Just saw a 5711 listed on there for like $70k and someone offered $60k in comments. The seller immediately tagged a mod and said "public low balling is not allowed" trying to get the guy banned. WTF?

[Vince_76]

Originally Posted by Watchwoody

When I can find one for $29k I’m going for it. I feel like there are still plenty of fully stickered watches out there. Not everyone is like us and actually wants to wear them lol

I sure hope. I think these will settle around MSRP, just hope there will be plenty of stickered/unworn refs

[messikens]

Originally Posted by psm11

Certainly a ton of pieces sitting and being relisted.

The unpleasantness in my opinion is how the mods are coming after people who comment about price. Just saw a 5711 listed on there for like $70k and someone offered $60k in comments. The seller immediately tagged a mod and said "public low balling is not allowed" trying to get the guy banned. WTF?

Is lowballing in the eye of the beholder? Or are there criteria on the site?

Offering 12% less of asking in an uncertain/downward trending market while the product is still 3x MSRP doesn't sound like real lowballing....

[Vince_76]

Originally Posted by messikens

Is lowballing in the eye of the beholder? Or are there criteria on the site?

Offering 12% less of asking in an uncertain/downward trending market while the product is still 3x MSRP doesn't sound like real lowballing....

There was a MODA PSA a while back about this. They won’t ban for perceived “lowballs” but commenting and pushing back on a seller may be reprimanded.

There’s no question that the rules favor the seller.

Also a 26420 mint full set for 35.5. From a seller who lists a lot but his pieces never sell lol. Think this is the same. He’s reposted this at least a half dozen times.

EDIT: they banned the guy offering $60k. Total BS

[psm11]

Originally Posted by Vince_76

There was a MODA PSA a while back about this. They won’t ban for perceived “lowballs” but commenting and pushing back on a seller may be reprimanded.

There’s no question that the rules favor the seller.

Also a 26420 mint full set for 35.5. From a seller who lists a lot but his pieces never sell lol. Think this is the same. He’s reposted this at least a half dozen times.

EDIT: they banned the guy offering $60k. Total BS

Love that they ban a buyer for low balling but there are no issues when one of the dealers low ball the hell out of you on a trade.

[Vince M.]

I was banned on Moda for shooting an offer last year. They couldn't leave it at a simple no thanks and move on. They have no problem keeping me on their mass text list though !

[Vince_76]

Originally Posted by psm11

Love that they ban a buyer for low balling but there are no issues when one of the dealers low ball the hell out of you on a trade.

All of this puts a very bad taste in your mouth. A strong plurality of these greys are quite predatory. It’s clear that the tides continue to turn, and I’m quite happy about that. The market’s going to humble a lot of these snakes.

Originally Posted by Vince M.

I was banned on Moda for shooting an offer last year. They couldn't leave it at a simple no thanks and move on. They have no problem keeping me on their mass text list though !

Sucks to hear. It’s a very one-sided venue when it comes to mods.

[Trailboss516]

Sounds like a real circle j in there if you know what I mean

[psm11]

Originally Posted by Vince M.

I was banned on Moda for shooting an offer last year. They couldn't leave it at a simple no thanks and move on. They have no problem keeping me on their mass text list though !

Jezee... curious how much difference there was between your offer and the listing price? did you do it via PM or on the post itself.

BS either way and, quite honestly, its a bully/scare tactic to get buyers to pay above market price (i.e., I better just pay what the seller lists because if I make an offer and the seller doesn't like it I will be banned).

Didn't the mods just make a large post about how pieces are only worth what others are willing to pay for them?

[Vince M.]

Originally Posted by psm11

Jezee... curious how much difference there was between your offer and the listing price? did you do it via PM or on the post itself.

BS either way and, quite honestly, its a bully/scare tactic to get buyers to pay above market price (i.e., I better just pay what the seller lists because if I make an offer and the seller doesn't like it I will be banned).

Didn't the mods just make a large post about how pieces are only worth what others are willing to pay for them?

It was on a YG Day Date. I want to say it was around 10% less than asking with label and I posted it on the thread. I don't know how it was responded to because when I logged onto FB a short time later I was no longer a Moda member.

[buknoy]

Originally Posted by psm11

Love that they ban a buyer for low balling but there are no issues when one of the dealers low ball the hell out of you on a trade.

I pm the lowball buyer. He was joking around. I wonder what will happen if the seller took his bait. He probably flake

[buknoy]

Anyone noticed that sellers are trying to up the price again. skyd blue on jubi selling for 24.5k.

[Benzsiam]

Originally Posted by psm11

Certainly a ton of pieces sitting and being relisted.

The unpleasantness in my opinion is how the mods are coming after people who comment about price. Just saw a 5711 listed on there for like $70k and someone offered $60k in comments. The seller immediately tagged a mod and said "public low balling is not allowed" trying to get the guy banned. WTF?

I saw that one, the seller asked for $77.9k and the buyer offered $60k which is 23% lower. When the other persons see that lower offered, they will think that it's way overprice, so make it's harder to sell.

The buyers can offer any price to the seller by sending him the message (PM), just don't post directly on the board.

[ColoradoTime]

Originally Posted by buknoy

Anyone noticed that sellers are trying to up the price again. skyd blue on jubi selling for 24.5k.

I was just noticing this today. I was looking at a particular watch on a well known grey site and they increased the price just today - by about $1500. Am I missing something?


Sent from my iPhone using Tapatalk

[psm11]

Originally Posted by Benzsiam

I saw that one, the seller asked for $77.9k and the buyer offered $60k which is 23% lower. When the other persons see that lower offered, they will think that it's way overprice, so make it's harder to sell.

The buyers can offer any price to the seller by sending him the message (PM), just don't post directly on the board.

I totally get that but at the end of the day what someone is willing to pay is the actual price. Meaning that if someone is offering 60k on a 77k list prices and he is the only one willing to buy it, then its worth $60k. I feel like this is a sh*t attempt to get prices up as long as possible.

There are also a ton of factors other than price to consider. For example, if the seller is in a hurry and someone offers them 20% less than they are asking but can have the wire to them in 5 mins that in and of itself is valuable. An instant ban because an offer was "disrespectful" in the eyes of the mods is a crock of sh*t.

Lol where are the mods when one of these guys lowball you on a trade? No issues there.

[VogelPhoenix]

Originally Posted by psm11

I totally get that but at the end of the day what someone is willing to pay is the actual price. Meaning that if someone is offering 60k on a 77k list prices and he is the only one willing to buy it, then its worth $60k. I feel like this is a sh*t attempt to get prices up as long as possible.

It's right there in Vadim Moda's PSAs: "Most dealers will go above and beyond for you but if you offer 30% under ask to someone who is an old time b2b wholesale dealer don’t expect a pleasurable experience."

Correspondingly, they also don't allow C24-like fishing expeditions with fantasy asking prices.

Their club, their rules.

[psm11]

Originally Posted by VogelPhoenix

It's right there in Vadim Moda's PSAs: "Most dealers will go above and beyond for you but if you offer 30% under ask to someone who is an old time b2b wholesale dealer don’t expect a pleasurable experience."

Correspondingly, they also don't allow C24-like fishing expeditions with fantasy asking prices.

Their club, their rules.

That's fair, but some of his more recent PSAs centered around how what someone is willing to pay that day is the actual price. So just because a seller doesn't think a prices is fair or is "disrespectful" that doesn't mean it's not the market price.

Like others have said, the group has gotten increasingly cringy/annoying the last couple of weeks which I chalk up to dealers afraid of falling prices. The amount of "cheap" and "you're giving this away" comments is a bit much. If it's so cheap why isn't anyone buying it lol.

[Andy0331]

Originally Posted by rolexandlange

I also remember one member here just went on and on about how his turquoise op41 was going to some ridiculous price and somehow $60k was still good value. For a turquoise OP41!!

Just another sad reminder of 2022; the "Tiffany" craze, where anything with a light shade of blue was suddenly "Tiffany" and worth an extra $20k or more.

[buknoy]

126619 cookie monster sold at auction for 32.4, mint other than nick on the bezel ring.

[rambo99]

Originally Posted by ColoradoTime

I was just noticing this today. I was looking at a particular watch on a well known grey site and they increased the price just today - by about $1500. Am I missing something?


Sent from my iPhone using Tapatalk

have you read my post previously?
https://www.rolexforums.com/showthread.php?t=888163

[Vince_76]

Originally Posted by ColoradoTime

I was just noticing this today. I was looking at a particular watch on a well known grey site and they increased the price just today - by about $1500. Am I missing something?


Sent from my iPhone using Tapatalk

Doesn’t mean jack. A blue SD on jubilee (mint fullset) just went at auction for 22.8k last night. And note that auctions are high watermarks.

These snakes just change the price upward when there is still downward pressure in an effort to buoy the market, to no avail. It doesn’t mean anything unless those pieces are actually moving at those higher prices. And they’re not.

[rambo99]

Originally Posted by Vince_76

Doesn’t mean jack. A blue SD on jubilee (mint fullset) just went at auction for 22.8k last night. And note that auctions are high watermarks.

These snakes just change the price upward when there is still downward pressure in an effort to buoy the market, to no avail. It doesn’t mean anything unless those pieces are actually moving at those higher prices. And they’re not.

how do you know they are not moving? do you have any evidence? or its just your own imagination?

[jgrae]

Originally Posted by Vince M.

I was banned on Moda for shooting an offer last year. They couldn't leave it at a simple no thanks and move on. They have no problem keeping me on their mass text list though !

edit: <question previously answered>

[Vince_76]

Originally Posted by rambo99

how do you know they are not moving? do you have any evidence? or its just your own imagination?

Because it hasn’t been marked as sold lol. Meanwhile the auction is a real data point at which there is no bid ask spread. Stay salty

Don’t make bold assumptions like that

[rambo99]

Originally Posted by Vince_76

Because it hasn’t been marked as sold lol. Stay salty

Don’t make bold assumptions like that

you just seen one not sold doesnt mean they are not moving. understand?
you need to look at the big picture, lol.

[Vince_76]

Originally Posted by rambo99

you just seen one not sold doesnt mean they are not moving. understand?
you need to look at the big picture, lol.

Are you tracking the most liquid marketplace within the secondary watch market?

Believe what you want. Don’t care to prove anything to you. And most folks who are tapped into the market tend to agree with me. But hey! To the moon 🚀

[ExplorerI]

Actually seems like there has been a bump in the hottest Rolex prices the last week or two. Some pretty high sales for white Daytonas, Pepsi and blue sky dweller.

[Vince M.]

Dead Cat Bounce.

[messikens]

Looking at even this forum the amount of bumps and bounces is quite staggering (esp in comparison to previous years / months).

Leads me to believe that either:
1. the market is continuing to slow or
2. prices have not followed negative sentiment and hence require multiple bumps or
3. both 1 and 2

I'm totally for people making money on stuff, but if a listing requires 15-25+ bumps it should tell younl that demand =\= supply

[onyourbikes]

Has anyone seen any black dial Explorer II ref 226570 on any of these wholesale groups lately?
Thank you