Quote:
Originally Posted by majidessa
Rolex produces 1 million watch a year every year, it is not a rare commodity, the main reasons for the high price are flipping and Grey market dealings. The current social media hype also fueled the demand but it wont last forever and one day only true enthusiasts will remain.
Prices will fall eventually and will be near retail for MOST models, it might be this year or in the next 5 eventually it will happen but it will be gradual.
Let us not forget that the retail prices of Rolex watches are already expensive as it is, and my guess is another official price increase will take place maybe early next year as the inflation has hit hard the whole world, and as such I don't think many people will have interest in buying watches if they cannot flip them for a good profit.
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I frankly do not understand how flipping and gray markets drive up prices. The used market price is what it is, whatever people are willing to pay. It the customer/demand that sets the used market prices. The more watches put on the used market, the greater the supply which can only put downward pressure on used market prices, not increase them. It's because so few watches are actually resold quickly, relative to total Rolex output, that the used prices are where they are.