New Rootbeer GMT crashed

[GradyPhilpott]

There is no current production Rolex that is worth more than MSRP and that goes for every other watch on the face of the Earth.

People are welcome to take a gamble on supply and demand and what is sometimes referred to false consciousness, but then people throw their money away on a lot stupid things.

Rolex makes great watches with a great history and at normal prices they are still a bargain. Beyond that they become little more than a fetish.

[EEpro]

Nothing compared to the one I saw.

[Moondoggy]

I am sure I was looking at these 6ish months ago (maybe earlier) a bit over 20k, so there is a bit of wiggle move in it I'd suggest.

[ndrs63]

Originally Posted by EEpro

Nothing compared to the one I saw.

I doubt it was root beer


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[Shazbot302]

Don’t get your hopes up. Watch Charts shows two sold in the past thirty days at $30k.

[rolexpure]

The market is slow at the moment.

A lot of pieces are not moving at their current gray market prices. Few dealers that I deal with a lot have started to reduce their pieces slightly but nothing major to free up cash flow.

Is it the start of a correction? Maybe......who knows. I sold out of 2 pieces lately and was going to rebuy this week but my good friend dealer said maybe just wait a month or so. Prices may continue to soften.

Its also been echoed with many of the Youtube watch dealers like CRM and LuxuryBazaar that not much is moving these days at current prices. Prices seem to have peaked for many Rolex.

[Marconini]

Isn't the market normally slower just before a new Rolex release? A lot of people waiting to see what will be released next week and which models that will decrease or increase in value...

[10klakes]

Originally Posted by holdingon

29K is the new 32k

What do you think of the watch?

[brandrea]

Originally Posted by Spectre38

Do you guys who are obsessed with the secondary market even wear a watch?

Agreed yours is the most relevant post to the true WIS.

[Seddyspaghetti]

Buy the dip!!!!!!

[monsieur_z]

[QUOTE=holdingon;12058562]New Rootbeer GMT crashed


Have you tried turning it off and on again?

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[Chester01]

Originally Posted by holdingon

Seeing unused one for sale under 29k

(COMMERCIAL LINK REMOVED)

The amount of money between MSRP and whatever they are going for over that is a hype fee, so still overpriced. Tell me when they are below MSRP, then we can discuss a crash.

[norcalctr]

I still have a hard time jumping on this watch for $29k. Now at $19k, I'm ready lol.

[Zuger]

Thanks for the market update

[GoingPlaces]

Originally Posted by Chester01

The amount of money between MSRP and whatever they are going for over that is a hype fee, so still overpriced. Tell me when they are below MSRP, then we can discuss a crash.

Yes, as long as a product is selling over MSRP there is no crash.

[NeedMoreCoffee]

Originally Posted by GradyPhilpott

There is no current production Rolex that is worth more than MSRP and that goes for every other watch on the face of the Earth.

People are welcome to take a gamble on supply and demand and what is sometimes referred to false consciousness, but then people throw their money away on a lot stupid things.

Rolex makes great watches with a great history and at normal prices they are still a bargain. Beyond that they become little more than a fetish.

Sorry but the market decides what things are "worth"...not one person's opinion. MSRP means nothing. Whether it's a Porsche GT, Ferrari, or Rolex.

I don't think you'll get far trying to apply marxist theory here.

[GradyPhilpott]

Originally Posted by NeedMoreCoffee

Sorry but the market decides what things are "worth"...not one person's opinion. MSRP means nothing. Whether it's a Porsche GT, Ferrari, or Rolex.



I don't think you'll get far trying to apply marxist theory here.

If you let the market dictate value to yourself regarding luxury items, then you are a fool.

We are all slaves to the laws of supply and demand when it comes to necessities, but for something like a watch, the true value of which is to tell time, that is folly.

The luxury watch market is driven by greed for a device the function of which can be had for a few bucks.

If you want to play that game, be my guest, but don't justify your desire to do so with market forces.

I am the ultimate arbiter of value. The market be damned.

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[macrowatch]

Originally Posted by Mystro

It’s a sexy watch and doing really well for a TT watch. In reality the CHNR is competing with the new Bluesy which is also up and doing well.

Damn, if that photo doesn't stop the correction, I don't know what will!

Great photo that captures the true colors of the watch. Not an easy feat!

[Mystro]

This isn’t directed to anyone poster but a bizarre trend to pass value judgment on how others spend their money:

Who cares what anyone pays for their watch? Really, what business is it of anyone else? If you can’t pony the $$ up, don’t want to, don’t value it, whatever….that’s all on you. No one is commenting that you are not connected enough or affluent enough to not buy the watch because that would be pathetic to make such assumptions.

But now even more pathetic is the need to pass judgment on the buyer that you feel “overpays”. You don’t know his financial position but speaks volumes to yours and it comes out desperate, jealous and a bit juvenile. Maybe $50k is couch cushion money for him or maybe be the buyer has cancer and wants/needs to enjoy themself and time is far more precious than $$$$. The world is unfair on so many levels but try to sort it out as a adult and with some respect and class.

[bluestreak]

Originally Posted by GradyPhilpott

There is no current production Rolex that is worth more than MSRP and that goes for every other watch on the face of the Earth.

People are welcome to take a gamble on supply and demand and what is sometimes referred to false consciousness, but then people throw their money away on a lot stupid things.

Rolex makes great watches with a great history and at normal prices they are still a bargain. Beyond that they become little more than a fetish.

This makes no sense. The MSRP is a made up number. Not sure why you would pick that as the line in the sand. What changed about the watches from Dec 31 to Jan 1 to make most of them 10 percent more?

It would make more sense to pick a dollar value, like say $20,000. It would also be made up, but at least it would be you setting your value of the watch instead of Rolex setting it for you.


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[bluestreak]

Originally Posted by GradyPhilpott

If you let the market dictate value to yourself regarding luxury items, then you are a fool.

We are all slaves to the laws of supply and demand when it comes to necessities, but for something like a watch, the true value of which is to tell time, that is folly.

The luxury watch market is driven by greed for a device the function of which can be had for a few bucks.

If you want to play that game, be my guest, but don't justify your desire to do so with market forces.

I am the ultimate arbiter of value. The market be damned.

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So instead of the market, which is huge network of buyers and sellers who are revealing their preferences by putting up their actual money, dictating the value, you’re instead letting Rolex do it? With an arbitrary value?

Who’s the fool?


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[GradyPhilpott]

Originally Posted by bluestreak

This makes no sense. The MSRP is a made up number. Not sure why you would pick that as the line in the sand. What changed about the watches from Dec 31 to Jan 1 to make most of them 10 percent more?

It would make more sense to pick a dollar value, like say $20,000. It would also be made up, but at least it would be you setting your value of the watch instead of Rolex setting it for you.


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With all due respect, I gave my opinion and you may agree with it or not.

The answer has far more to do with my philosophy of life and less to do with the "laws" of supply and demand.

I wish you much joy in your journey through life.





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[Gurneesh]

I did not expect that though. I thought these ones would be good investment for now.

Thank you

[GradyPhilpott]

Originally Posted by bluestreak

So instead of the market, which is huge network of buyers and sellers who are revealing their preferences by putting up their actual money, dictating the value, you’re instead letting Rolex do it? With an arbitrary value?

Who’s the fool?


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This is my last word on the topic.

It is my opinion that Rolex places a fair value on their watches.





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[TheVTCGuy]

Originally Posted by Mystro

This isn’t directed to anyone poster but a bizarre trend to pass value judgment on how others spend their money:

Who cares what anyone pays for their watch? Really, what business is it of anyone else? If you can’t pony the $$ up, don’t want to, don’t value it, whatever….that’s all on you. No one is commenting that you are not connected enough or affluent enough to not buy the watch because that would be pathetic to make such assumptions.

But now even more pathetic is the need to pass judgment on the buyer that you feel “overpays”. You don’t know his financial position but speaks volumes to yours and it comes out desperate, jealous and a bit juvenile. Maybe $50k is couch cushion money for him or maybe be the buyer has cancer and wants/needs to enjoy themself and time is far more precious than $$$$. The world is unfair on so many levels but try to sort it out as a adult and with some respect and class.

This, and well said.

If you don’t believe in spending more then MSRP for a watch, more power to you. If you are willing (and have the means) and most importantly, the desire to own a certain watch that market is demanding two time, three times, five times MSRP, and you buy it, more power to you.

Neither is right and neither is wrong.

[Harry-57]

Originally Posted by Mystro

This isn’t directed to anyone poster but a bizarre trend to pass value judgment on how others spend their money:

Who cares what anyone pays for their watch? Really, what business is it of anyone else? If you can’t pony the $$ up, don’t want to, don’t value it, whatever….that’s all on you. No one is commenting that you are not connected enough or affluent enough to not buy the watch because that would be pathetic to make such assumptions.

But now even more pathetic is the need to pass judgment on the buyer that you feel “overpays”. You don’t know his financial position but speaks volumes to yours and it comes out desperate, jealous and a bit juvenile. Maybe $50k is couch cushion money for him or maybe be the buyer has cancer and wants/needs to enjoy themself and time is far more precious than $$$$. The world is unfair on so many levels but try to sort it out as a adult and with some respect and class.

Post of the year so far.

[WatchGuy1966]

Originally Posted by Bizcut1

Yes. My sister's boyfriend's pet sitter's husband's mother-in-law is an AD.

Heard the same thing.

So, your Pet Sitter's Mom?

[bluestreak]

Originally Posted by GradyPhilpott

With all due respect, I gave my opinion and you may agree with it or not.

The answer has far more to do with my philosophy of life and less to do with the "laws" of supply and demand.

I wish you much joy in your journey through life.





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Typical. Makes a post commenting on someone’s opinion/calling them stupid. Gets called on it and sayS “I’m just posting my opinion, you have to accept it.” Then takes ball and goes home. Literal LOL

Everything posted here is someone’s opinion. If you don’t like people commenting on it, maybe don’t post in the first place…

[bluestreak]

Originally Posted by Mystro

This isn’t directed to anyone poster but a bizarre trend to pass value judgment on how others spend their money:

Who cares what anyone pays for their watch? Really, what business is it of anyone else? If you can’t pony the $$ up, don’t want to, don’t value it, whatever….that’s all on you. No one is commenting that you are not connected enough or affluent enough to not buy the watch because that would be pathetic to make such assumptions.

But now even more pathetic is the need to pass judgment on the buyer that you feel “overpays”. You don’t know his financial position but speaks volumes to yours and it comes out desperate, jealous and a bit juvenile. Maybe $50k is couch cushion money for him or maybe be the buyer has cancer and wants/needs to enjoy themself and time is far more precious than $$$$. The world is unfair on so many levels but try to sort it out as a adult and with some respect and class.

Totally agreed. I’m definitely not someone connected enough to be offered multiple hot watches at retail, and I don’t value them enough to go grey. But if someone has the means, why not?

Most people are rational actors with their money. Certainly more rational than keyboard warriors.

I just chalk it up to the human need to feel superior. Some people do it by buying a watch. Some people do it by convincing themselves that people who buy a watch that they can’t own are stupid.

I imagine there’s a doctoral thesis in the dichotomy somewhere.

[GradyPhilpott]

Originally Posted by bluestreak

Typical. Makes a post commenting on someone’s opinion/calling them stupid. Gets called on it and sayS “I’m just posting my opinion, you have to accept it.” Then takes ball and goes home. Literal LOL


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If you don't like my posts, block me.

I won't be dragged into an argument because you have a "wild hair...."

My statements stand.

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