hey guys, rolex GMT Bubble begin to burst !

[Rado63]

I still believe the inventory, the real number of 126710 BLRO for sale hasn't reached a great enough volume to cause prices to fall far. Looking at chrono24 this morning and only searching for watches for sale in the US, it brings up 86 pieces. without looking at each ad, I look at how many ads have a stock Rolex photo and not a photo of the actual watch. Give or take, About half the ads have a stock photo. When I see a stock photo it often times means the seller doesn't have the watch but is fishing for an offer and will try to fill the order if he gets a potential buyer. So the real inventory of BLRO for sale is still low enough to keep asking prices up. keeping secondary market prices high, keeps traffic in the Rolex AD who can offer pieces to someone purchasing multiples. my .02.

[beshannon]

Originally Posted by boothus

I’ve only been here for a few months but if I had a penny for every ‘bubble burst’ post I’ve seen since I’d be a few quid closer to buying my second (thanks to the bubble bursting now much cheaper) Rolex.

It baffles me how these tiny observations keep leading to so much generalisation. It’s almost like with cryptocurrencies now.

Exactly!

[iliketime]

when they are back around $7900 with several bumps in the f/s then I will consider the bubble burst.

[AAK_JR]

Originally Posted by Mystro

Nada. Chrono24 still has the new BLNR from $15.5 to $18.5. BLRO is $17- $19k. Our trusted sellers like DavidSW which knows his market is selling the BLNR at $16k.

DavidSW has a 2018 BLNR and a 2019 BLNR listed at the same price. $14,975
https://davidsw.com/watches/rolex/gmt-master/

What does that say about the Oyster bracelet holding its value.

[Mystro]

Originally Posted by dori

We all know you own a grey market BLNR. So I know it hurts ya little hole, but yes man, prices on new BLNR are soft as they’ve ever been right now (check chrono24 offers from 14.6K$ ). BLRO has been also slowly dropping (some offers at 17K$) but is still higher than BLNR .


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What does where and what I paid for my new BLNR have anything to do with what the current market is doing??? From my history and posts, where would you get the idea few $k would even be a blip on my radar screen with a watch purchase? Pretty sure I have been preaching for over a decade that a Rolex is NOT a investment.

[Mystro]

Originally Posted by AAK_JR

DavidSW has a 2018 BLNR and a 2019 BLNR listed at the same price. $14,975
https://davidsw.com/watches/rolex/gmt-master/

What does that say about the Oyster bracelet holding its value.

Very well. I was referring to new unworn prices.

[Mystro]

Originally Posted by Cloudchaser

Having tracked prices very carefully, I can write confidently that prices have returned to, roughly, what they were about one year ago. FWIW.

Bingo. Me too as I have watching 3 new GMT’s (the CHNR since purchasing one last year) and the BLRO/BLNR since introduction.
As a reference, the CHNR is exactly what it was last year. I also just traded it in for a new BLNR and I know what dealers are offering for it in reference to what it is selling for. The new watches are holding TOP trade-in dollar at the right places.

[dori]

Originally Posted by Mystro

What does where and what I paid for my new BLNR have anything to do with what the current market is doing??? From my history and posts, where would you get the idea few $k would even be a blip on my radar screen with a watch purchase? Pretty sure I have been preaching for over a decade that a Rolex is NOT a investment.

So why u obsessed with the market value of it? You say you check it everyday ....... sounds suspicious bruh


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[harvey]

Is there nothing else more interesting about this reference other than it’s price?

Yawns...

[Chewbacca]

Obligatory.

[Bizcut1]

Odd thread. If a person is interested in tracking the market conditions on a luxury item he purchased that is suspicious? Why is that?

Or...just trolling for a response I guess...

[harvey]

Originally Posted by Bizcut1

Odd thread. If a person is interested in tracking the market conditions on a luxury item he purchased that is suspicious? Why is that?

Or...just trolling for a response I guess...

Think it’s called cognitive dissonance...

[Mystro]

Originally Posted by dori

So why u obsessed with the market value of it? You say you check it everyday ....... sounds suspicious bruh


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I sound suspicious? I won’t even engage that comment.
I’ll let my forum history speak for itself


I don’t “obsess” as I have purchased a lot of new Rolex models in the last year. That puts me in the front row of what is actually going on and what the real world prices are. I have a lot of friends in the industry that are very well respected trusted sellers. I watch where I feel is a good time to jump in on a model. I certainly am not waiting years to buy a watch and want to be somewhat educated in the current trend of a watch I am interested in buying.

I love to look at new watches and I am always looking at new possible purchases from AP, Rolex, Panerai, etc... I am what you call a “long time player” in this hobby.

Nuff money talk, let’s talk watches.

[SlideRacker]

One word: Seasonality.

The bubble burst crowd only has a point if this trend continues into Christmas and New Years.

[dspringer]

so what you're saying is- worse case everyone who paid 18k for a BLRO is going to lose 3-5k and everyone who bought at MSRP is still up 3-5k? seems like old news to me

[dori]

Originally Posted by Mystro

I sound suspicious? I won’t even engage that comment.
I’ll let my forum history speak for itself


I don’t “obsess” as I have purchased a lot of new Rolex models in the last year. That puts me in the front row of what is actually going on and what the real world prices are. I have a lot of friends in the industry that are very well respected trusted sellers. I watch where I feel is a good time to jump in on a model. I certainly am not waiting years to buy a watch and want to be somewhat educated in the current trend of a watch I am interested in buying.

I love to look at new watches and I am always looking at new possible purchases from AP, Rolex, Panerai, etc... I am what you call a “long time player” in this hobby.

Nuff money talk, let’s talk watches.

You’re a legend! I salute you! Hope you get every watch on your hit list and leave no hostages!!!! and please supply me with a BLRO


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[Mystro]

Originally Posted by dori

You’re a legend! I salute you! Hope you get every watch on your hit list and leave no hostages!!!! and please supply me with a BLRO


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I am done for awhile. The last in my Rolex list the last few months were the new BLNR and DSSD JC. I also picked up a few from Panerai and Omega.

Both Rolex models settled down to a price point I felt were close to market value. Either way the watches are always more important than the admission cost.

[dori]

Originally Posted by Mystro

I am done for awhile. The last in my Rolex list the last few months were the new BLNR and DSSD JC. I also picked up a few from Panerai and Omega.



Both Rolex models settled down to a price point I felt were close to market value. Either way the watches are always more important than the admission cost.

Preach and cheers bruddamane


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[rockmastermike]

I’ve seen the same with (a few) Hulks lately as one has been on my radar

[enjoythemusic]

Originally Posted by jb335

LOL!!!! I was halfway through reading your post and thinking this guy is full of BS. hahaha

QE4Ever

Free money for all 'investment' banks, and give Fed junk paper at full face value

[Nairn1980]

Originally Posted by LuminousMaximus

I’m a buyer at $9700...

[Nairn1980]

Originally Posted by In-Cog-Neeto

My buddy was offered £13k for his new unworn 126710BLNR by Grey but decided to keep and wear it (the crazy fool - who buys a watch to wear these days?! J/k)

I have now seen them new unworn for £11.5k

The new batman just didn’t seem to hold its peak very long, and there appears to be a lot more of them available than the BLRO

BLNR unworn for £11.5k?

Where? Any examples?

[TheWatchStandard]

let's be honest here, Rolex will NOT want one of their popular watch to go up twice in retail value, then takes a deep dive after a few months...that's just bad for the brand.

The old trick to protect that from happening is to cut global stock, but that card has been played out, so many times..with China watch market now in shamble, I assume Rolex will re-gather their game plan to prevent they find themselves in this position again. And that usually means going after the grey market.

[RJRJRJ]

Originally Posted by Rado63

I still believe the inventory, the real number of 126710 BLRO for sale hasn't reached a great enough volume to cause prices to fall far. Looking at chrono24 this morning and only searching for watches for sale in the US, it brings up 86 pieces. without looking at each ad, I look at how many ads have a stock Rolex photo and not a photo of the actual watch. Give or take, About half the ads have a stock photo. When I see a stock photo it often times means the seller doesn't have the watch but is fishing for an offer and will try to fill the order if he gets a potential buyer. So the real inventory of BLRO for sale is still low enough to keep asking prices up. keeping secondary market prices high, keeps traffic in the Rolex AD who can offer pieces to someone purchasing multiples. my .02.

In my experience, like 60%+ of the listings are not in stock, and I'm being conservative.

[In-Cog-Neeto]

Originally Posted by Nairn1980

BLNR unworn for £11.5k?

Where? Any examples?

Yes. BNIB. And I’m not just talking about one single solitary piece.

Also hulk for £10.5k

The BLRO tho, that’s still up there in price around the bottom of what mystro indicated

I think these prices are crazy for what they are but It doesn’t put me up or down as I have no intention of buying such

I guess you’ll just have to trust me on this as I choose not to disclose locations

[1665fan]

Prices are dropping slowest but surely

[iatacs19]

Bubble didn't burst yet, but it's certainly deflating!

[MJ8]

Prices do seem to have softened. Not enormously though.

[beachboy17]

Its very interesting to read all these comments. Im new here and not a frequent poster. I have purchased several Rolex's but just for the sake of enjoying the watch. That includes a few vintage pieces as well. Whether they go up or down I really don't care. I laugh when i see the people selling vintage on here and on IG cause they are buying a much more expensive piece. THATS BS.......i have learned from some long term whole salers and vintage dealers, THEY NEED THE MONEY...hahaha....Financial balance is key. :) and just enjoy your timepiece ...

[In-Cog-Neeto]

Originally Posted by beachboy17

Its very interesting to read all these comments. Im new here and not a frequent poster. I have purchased several Rolex's but just for the sake of enjoying the watch. That includes a few vintage pieces as well. Whether they go up or down I really don't care. I laugh when i see the people selling vintage on here and on IG cause they are buying a much more expensive piece. THATS BS.......i have learned from some long term whole salers and vintage dealers, THEY NEED THE MONEY...hahaha....Financial balance is key. :) and just enjoy your timepiece ...

I think part of our problem is that most of us are just really ‘into’ watches

This means different things to different people

But I have found that the more I look at and read about watches, the more it detracts from enjoyment of those that I have - and I really enjoy those which I have - because looking at all these others makes me want more - and the problem is there are hundreds of different watches out there across all different brands which appeal to me and I would love to own.

I’ve decided that it’s unhealthy to follow this route

I have what I have and I believe it is a great collection and I am very fortunate to be in a position to own these. I feel very privileged

The market can do what it does - I am done