Are regular people really paying 30k+ for BLRO's ?

[Time Out]

Has anyone here done it and willing to admit it ? I am absolutely loving mine to death but it just seems out of control. How high do people think they will go ?

[rolexpure]

They are already dropping. I dont think many ppl are willing to pay $30k for a SS BLRO.

There is a slowdown on watches at the moment. Price drops across the board.

I reckon the SS BLRO will settle around $25k in the next several months.

[LSGG]

I know 5-10 people with that watch, and not one of them paid over retail price.

It's not worth 30k, try and sell it and you'll see what it's really worth.

[Time Out]

Originally Posted by LSGG

I know 5-10 people with that watch, and not one of them paid over retail price.

It's not worth 30k, try and sell it and you'll see what it's really worth.

I agree, retail or nothing. I'm not selling mine but I was clicking around and seen some pretty eye watering prices for it.

[Tim Plains]

Originally Posted by LSGG

It's not worth 30k, try and sell it and you'll see what it's really worth.

Can't say if sellers are lying to artificially inflate the market but I've seen a few posted in Canada in the $40k +/- $2k range this year that went quickly.

[Time Out]

Originally Posted by Tim Plains

Can't say if sellers are lying to artificially inflate the market but I've seen a few posted in Canada in the $40k +/- $2k range this year that went quickly.

Nuts. I cant wait for the values to tank. Its going to be funny watching all the speculators rush the exits.

[edisonstar23]

Originally Posted by Time Out

Nuts. I cant wait for the values to tank. Its going to be funny watching all the speculators rush the exits.

2nd this


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[Nairn1980]

Originally Posted by Time Out

Nuts. I cant wait for the values to tank. Its going to be funny watching all the speculators rush the exits.

That’s not going to happen, sadly.
Values will take slight corrections like now, but if you’re thinking they’ll be little to no premium on secondary market, that’s not going to happen.

[Goldnlivin]

Originally Posted by Nairn1980

That’s not going to happen, sadly.
Values will take slight corrections like now, but if you’re thinking they’ll be little to no premium on secondary market, that’s not going to happen.

This is very true

[theflywrist]

Originally Posted by Nairn1980

That’s not going to happen, sadly.
Values will take slight corrections like now, but if you’re thinking they’ll be little to no premium on secondary market, that’s not going to happen.

Agree with this, nevertheless I do think prices will tank, just not to the point where there is no premium on the secondary market.
Everything in life is cyclical, including this hype.
There will always be demand on luxury watches and a premium above retail on alot of these watches, but I do believe that like everything in life, this phase of craze with "demand" and premiums will pass.

Fact is, with prices softer now than some weeks ago, there are less buyers since at least 80% of the buyers have been dealers or flippers. The demand has been more for "flipping" than it has been about watches.
I love watches like most folks on this forum, and I encourage anyone to buy a watch they really love so long as they can afford it regardless of if the price corrects by 30 or 40 percent, but if you're using up all your money or overextending to pay for a watch solely because you think it will go "to the moon", then I won't feel bad for you.

I too buy watches from the grey market gladly when I am itching and can justify it btw, within my means.

[TexEd]

Originally Posted by LSGG

I know 5-10 people with that watch, and not one of them paid over retail price.

It's not worth 30k, try and sell it and you'll see what it's really worth.

I sold mine (new in the box) this week for $25k to a dealer.

[Time Out]

Originally Posted by TexEd

I sold mine (new in the box) this week for $25k to a dealer.

So I guess 30k is a real number then.

[Cronus251]

Originally Posted by Time Out

So I guess 30k is a real number then.

I'd agree. The dealer probably already has a buyer at a given price so the 25K purchase nets them the margin they want?

[TexEd]

Originally Posted by Time Out

So I guess 30k is a real number then.

Yes it is a real number. I also sold my previously worn Kermit for $19k and my previously worn two tone Bluesey for $19k to the same dealer. I never wore the watches as I did not care for the look on my wrist.

[Number3]

Originally Posted by TexEd

I sold mine (new in the box) this week for $25k to a dealer.

Did you buy it just to flip it?

[TexEd]

Originally Posted by Number3

Did you buy it just to flip it?

No, I originally thought I would like the watch but after seeing it and trying it on I decided it was not for me. I sold it in order to put that $ toward a model that I did want.

[Wahlberg]

Originally Posted by TexEd

No, I originally thought I would like the watch but after seeing it and trying it on I decided it was not for me. I sold it in order to put that $ toward a model that I did want.

What did you end up getting?

[rolex16]

Originally Posted by TexEd

No, I originally thought I would like the watch but after seeing it and trying it on I decided it was not for me. I sold it in order to put that $ toward a model that I did want.

Yet you bought it? You could have passed after trying on at the AD and left at MSRP for someone who actually wanted it. Good karma…

[Number3]

Did you buy it just to flip it?

Originally Posted by TexEd

No, I originally thought I would like the watch but after seeing it and trying it on I decided it was not for me. I sold it in order to put that $ toward a model that I did want.

So not for you........then you bought it and flipped it for $?

[rambo99]

Originally Posted by TexEd

I sold mine (new in the box) this week for $25k to a dealer.

wow! that's a very good deal.

[ArtNouveau]

Very few of my close friends are “watch guys” but they know I am. Occasional comments about the “market” prices of Rolex result in laughter or eye rolls. I think relatively few people actually pay the inflated prices. They’re already expensive at MSRP, I have never wanted one enough to pay more.

[teck21]

The people paying those prices would either not be on this forum, or would not admit to it here because they will get jumped on, so you will most certainly get the answer you want.


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[JSolution]

Originally Posted by teck21

The people paying those prices would either not be on this forum, or would not admit to it here because they will get jumped on, so you will most certainly get the answer you want.


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I’ve bought all my watches on the secondary market. I’m not prepared to wait on a “maybe” and have have to beg for one, which unfortunately is the case England.

I have no problem with admitting that

[teck21]

Originally Posted by JSolution

I’ve bought all my watches on the secondary market. I’m not prepared to wait on a “maybe” and have have to beg for one, which unfortunately is the case England.

I have no problem with admitting that

The question was $30k BLRO, not just secondary market watches.

That’s the easy to admit part.


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[garyk]

Originally Posted by JSolution

I’ve bought all my watches on the secondary market. I’m not prepared to wait on a “maybe” and have have to beg for one, which unfortunately is the case England.

I have no problem with admitting that

Agreed, I went Grey for my Bluesy in 2020. Why would I not admit that here? As to the watch price, it’s value, etc., we don’t discuss those here

[Rashid.bk]

Originally Posted by teck21

The people paying those prices would either not be on this forum, or would not admit to it here because they will get jumped on, so you will most certainly get the answer you want.


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So I bought one at $30k. Here's my story. Got one at msrp back in Nov 2019, situation arose where I was forced to sell it, at double msrp at the time. So thank God, life got better and really wanted to replace it. Not getting another from my AD and as much as we want to dream, the prices aren't going to come down.
In my case, I don't wholly look at it like I paid $30k because I actually made $10k on my sale, and replacing it cost me just $10k over in my mind. Math may not make sense because $30k is $30k, and definitely don't think it's worth that. That is actually more than a pm oysterflex Daytona/YM but those are unbuyable at retail anyways.

I really felt this purchase more than any other time I've bought a watch but I really wanted it back and fortunately I was in a position to sacrifice the elevated cost. Just four months ago the BLRO was around $21k and made a dramatic jump recently and as exaggerated as that may be, the market doesn't seem to be indicating that any of the high demand references are coming down. I'm not wealthy and it was a sacrifice but it was an expense I could justify and I'm not ashamed that I spent the money. Life is fragile and short, so have to enjoy it as best as possible.

[watchmework]

Originally Posted by Rashid.bk

So I bought one at $30k. Here's my story. Got one at msrp back in Nov 2019, situation arose where I was forced to sell it, at double msrp at the time. So thank God, life got better and really wanted to replace it. Not getting another from my AD and as much as we want to dream, the prices aren't going to come down.
In my case, I don't wholly look at it like I paid $30k because I actually made $10k on my sale, and replacing it cost me just $10k over in my mind. Math may not make sense because $30k is $30k, and definitely don't think it's worth that. That is actually more than a pm oysterflex Daytona/YM but those are unbuyable at retail anyways.

I really felt this purchase more than any other time I've bought a watch but I really wanted it back and fortunately I was in a position to sacrifice the elevated cost. Just four months ago the BLRO was around $21k and made a dramatic jump recently and as exaggerated as that may be, the market doesn't seem to be indicating that any of the high demand references are coming down. I'm not wealthy and it was a sacrifice but it was an expense I could justify and I'm not ashamed that I spent the money. Life is fragile and short, so have to enjoy it as best as possible.

Well said, enjoy your BLRO!

[Goldnlivin]

I bought my BLRO a reputable trusted grey dealer in 2019. No regrets and no wasted time or energy at the AD. 24 hours the watch was on my wrist. No shame. I get some retail pieces and go grey as well.

A comment above, someone suggested people don't pay the "inflated" prices....well people really do. Not all, but there is a large number who do. The grey market is very, very real.

IE: Some choose to build relationships with investors, not AD's.

[robertengel]

It is not just the watch market its all of luxury and even cars and property, will it last forever? No. Are chrono prices a reach. Yes. Are people currently negotiating off half the price of the chrono prices? No.

All in all MSRP prices may not return for a very very long time unless something incredibly bad happens.

[Goldnlivin]

Originally Posted by robertengel

It is not just the watch market its all of luxury and even cars and property, will it last forever? No. Are chrono prices a reach. Yes. Are people currently negotiating off half the price of the chrono prices? No.

All in all MSRP prices may not return for a very very long time unless something incredibly bad happens.

AP has removed prices off their website. No longer MSRP prices. They set the price.

This has turned into a primary/secondary asset class for a lot of enthusiasts, especially in the past recent years. Anyone who is buying a Rolex knows when they buy a Rolex, Patek or AP, whether at "retail" or "market price", they are getting a tangible asset. No matter if they buy what they like or buy a "hot" piece.