Interesting article about Rolex secondary market

[Tavli3]

Nothing we haven't spoke about many times here on the forum but interesting to hear from a big player in the industry.

https://usa.watchpro.com/bubble-coul...=notifications

[peterpl]

He does know his stuff. He is in the mix of the gray dealer market day in day out. He knows exactly what he is talking about.

[zengineer]

The experts have been predicting it for years, eventually they will be right but if a global pandemic didn't slow it down I'm not sure what will.

Actually, I do know...more supply. And I don't see that happening.

Sent from my SM-T830 using Tapatalk

[rtalk]

apparently switzerland is shutting down again, so let's see what happens to PP and Rolex factories.

[Screwly]

Originally Posted by rtalk

apparently switzerland is shutting down again, so let's see what happens to PP and Rolex factories.

That doesn’t sound like good news.....

[rominvicta]

Originally Posted by rtalk

apparently switzerland is shutting down again, so let's see what happens to PP and Rolex factories.

Is it just a hunch or a fact through reliable sources?

[Sandpit]

Originally Posted by zengineer

The experts have been predicting it for years, eventually they will be right but if a global pandemic didn't slow it down I'm not sure what will.

Actually, I do know...more supply. And I don't see that happening.

Sent from my SM-T830 using Tapatalk

When the pandemic first became a reality (back in March) we saw grey market prices drop heavily and quickly. Very quickly. New black Daytonas were hitting the $17k mark. Jubilee BLNRs were going as low as thr $11-12k mark. Pepsis at around the $14.5k mark. Not bargain territory, but certainly a lot better than they were prior.

But that was a time when everyone was probably a little jittery. Were jobs safe, were lives safe, whats going to happen etc. Obviously the story has changed dramatically in recent months, but, the pandemic DID have an impact, and a rapid one at that.

I think shortly after the rapid drops the factories closed so supply really did dry up. We all went into lockdown and many of us still work from home and the world's appetite for luxury goods seems insatiable once again.

Time will tell what happens, but I do think that if there is a drop it will be quick and unexpected. But who is to say what will trigger it. Probably something nobody can foresee right now.

[Ihatecheese]

It's a logical piece. The prices are in a tiny bubbles of Rolex fans. The purchasers don't care but from outside looking in its a risky place when paying over MSRP. As long as the money is secondary to the happiness. What else to do when locked in the house trying not to become one of the statistics :(

[Xerxes77]

The price on grey market are rise without any logical foundation.....

I can understand that some Role, Patek or AP are rise in price because the demand it’s high and low production...... but now all Rolex launched are skyrocket in price......

Don’t have logic..... and will continue till one day burns....

[ancientmariner]

Well, we only have a few weeks to wait to know if his prediction is correct

[soicanbefree]

Originally Posted by ancientmariner

Well, we only have a few weeks to wait to know if his prediction is correct

Article is from Sept 4th so we have had a few weeks already.

Personally not concerned. I don't own anything that is still manufactured.

"Mr Manjos says that collectors or investors buying up watches that are being discontinued makes sense, but the balance between demand and supply for pieces that are still being manufactured on an industrial scale by Rolex could shift."