Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[eijiboy]

Originally Posted by HAL330

I'd be curious if it has box and papers... the one on Chrono selling for that much is no papers..

Yes box and papers


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[BogdanS]

Originally Posted by shaunylw

Yikes, someone overpaid.


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Bought mine full set for 14k in oct 2020 and I’d buy it again.

This is not a good time to build a collection but if there’s one piece you‘ve been dreaming of, I’d take the opening now or follow closely on the prices, ready to act if the trend is reversing.

[sudo_root]

It’s incredible to see people thinking that watch prices will go back up, things are going to get very very very ugly. Alas, greater fool theory at its finest with “investment” watches I suppose.

[Fedpete]

Originally Posted by sudo_root

It’s incredible to see people thinking that watch prices will go back up, things are going to get very very very ugly. Alas, greater fool theory at its finest with “investment” watches I suppose.

Like absolutely insane right? The DD40 Olive was a watch in the low to mid thirties all day on this forum a few years ago. I said this to the crowd in main forum a few months back and was basically piled on because nobody could accept the coming reality.

China is about to go down economically. This market isn’t returning. It’s actually headed back to the 2015 days of full ad cabinets. Screen shot this. It’ll take some time but that’s where it’s going. Greys will be selling under retail as they did for years upon years upon years.


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[QuelleHeureEstIl]

Originally Posted by sudo_root

It’s incredible to see people thinking that watch prices will go back up, things are going to get very very very ugly. Alas, greater fool theory at its finest with “investment” watches I suppose.

It reminds me the response of Warren Buffet: https://youtu.be/NBVDqAHQ4-M?t=137

And it is again a reminder of the difference between investing and speculating.

What greys try to push as a message to their clients *: https://www.tiktok.com/@cryptomalays...21221018340635
The reality about the dip: https://www.tiktok.com/@cryptomalays...75602514021658

* Never follow the advices from someone who has not to handle the consequences (These greys are terrible...): https://youtu.be/Vwjh7ehlrwY?t=554

[soicanbefree]

Black Full Set Daytona 2021 27K Sold.

Let's look for some ticks in the 25-26s over the next week.

[QuelleHeureEstIl]

Originally Posted by soicanbefree

Black Full Set Daytona 2021 27K Sold.

Let's look for some ticks in the 25-26s over the next week.

[HAL330]

Originally Posted by Fedpete

Like absolutely insane right? The DD40 Olive was a watch in the low to mid thirties all day on this forum a few years ago. I said this to the crowd in main forum a few months back and was basically piled on because nobody could accept the coming reality.

China is about to go down economically. This market isn’t returning. It’s actually headed back to the 2015 days of full ad cabinets. Screen shot this. It’ll take some time but that’s where it’s going. Greys will be selling under retail as they did for years upon years upon years.


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The doom and gloom is entertaining .... I've been thru so many up and down turns by now that I'm numb to it.. the same doom and gloom (hoard gold, silver) crowd always predicting the end of the western world.

I predict by the end of 2023... we'll be back on track to many new market records.. but I do agree the days of 3-4X MSRP for Rolex are a long way away, if ever... but fully stocked ADs? There is much more in play now... Watches are now more than ever status symbols, and it's not just watch nerds like us trying to snap them up... don't expect to see ANY sport Rolexes in display cases anytime soon.

Screen shot this.

[Rickkk]

Originally Posted by HAL330

The doom and gloom is entertaining .... I've been thru so many up and down turns by now that I'm numb to it.. the same doom and gloom (hoard gold, silver) crowd always predicting the end of the western world.

I predict by the end of 2023... we'll be back on track to many new market records.. but I do agree the days of 3-4X MSRP for Rolex are a long way away, if ever... but fully stocked ADs? There is much more in play now... Watches are now more than ever status symbols, and it's not just watch nerds like us trying to snap them up... don't expect to see ANY sport Rolexes in display cases anytime soon.

Screen shot this.

Don’t need to screenshot. Runs in cycles. This is just the bottom or almost. May take longer than other cycles but the gloom and doom crowd do make me laugh!

[HAL330]

Originally Posted by Rickkk

Don’t need to screenshot. Runs in cycles. This is just the bottom or almost. May take longer than other cycles but the gloom and doom crowd do make me laugh!

If you listen to some on here, we're going to look back to today's the good times for the economy (we're in a recession right now)... I agree, we're dragging the bottom... might go up and down for another year but we'll be roaring again by late 2023.. I'm buying into the market now... not selling.

[RJM25R]

Originally Posted by Fedpete

Like absolutely insane right? The DD40 Olive was a watch in the low to mid thirties all day on this forum a few years ago. I said this to the crowd in main forum a few months back and was basically piled on because nobody could accept the coming reality.

China is about to go down economically. This market isn’t returning. It’s actually headed back to the 2015 days of full ad cabinets. Screen shot this. It’ll take some time but that’s where it’s going. Greys will be selling under retail as they did for years upon years upon years.


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Originally Posted by HAL330

The doom and gloom is entertaining .... I've been thru so many up and down turns by now that I'm numb to it.. the same doom and gloom (hoard gold, silver) crowd always predicting the end of the western world.

I predict by the end of 2023... we'll be back on track to many new market records.. but I do agree the days of 3-4X MSRP for Rolex are a long way away, if ever... but fully stocked ADs? There is much more in play now... Watches are now more than ever status symbols, and it's not just watch nerds like us trying to snap them up... don't expect to see ANY sport Rolexes in display cases anytime soon.

Screen shot this.

I’m not saying I necessarily agree with the timescale but imho, if a global pandemic didn’t kill the hype, I don’t know what will.

Recession has been before and will come again. It’s cyclical!

[soicanbefree]

2019 Daytona Black Full Set asking 27K. Unsold but has an offer of 25.5 on it.

2022 Pepsi Used Full Set asking 19.5. Unsold after almost 24H.

2020 Starbucks Used Full Set asking 16.7K Unsold after 10H.

2021 Cookie Monster Lightly Used Complete Set . 38.7K Unsold Over 24H

[Doc Savage]

Originally Posted by RJM25R

I’m not saying I necessarily agree with the timescale but imho, if a global pandemic didn’t kill the hype, I don’t know what will...

The economic pain of the pandemic was limited in some areas, and all of that down time, combined with supply chain issues and workplace interruptions, created a shortage of many luxury products. For those items already in high demand, the increased buying pressure pushed gray market prices into the stratosphere.

The current economic downturn in Europe and the US is broader than it was in 2020, and we will probably not see the V shaped recovery of two years ago. Even more importantly, China is wrecked economically right now. Since East Asia contributed a very large percentage of the increased demand/hype of Rolex, the loss of a lot of that demand, while probably temporary, will be seen in the lower prices for luxury goods.

I'm not going to rush in to buy new Rolex now. We still have more months of prices dropping on the gray market, imo.

[messikens]

Originally Posted by soicanbefree

2019 Daytona Black Full Set asking 27K. Unsold but has an offer of 25.5 on it.

2022 Pepsi Used Full Set asking 19.5. Unsold after almost 24H.

2020 Starbucks Used Full Set asking 16.7K Unsold after 10H.

2021 Cookie Monster Lightly Used Complete Set . 38.7K Unsold Over 24H

Whoa things are going to turn dire soon!

Daytona not selling at 27k and Pepsi not selling immediately at under 20k is (in the grand scheme of things over the last two years) pretty shocking!

Guess the herd has now turned into a "wait and see" game.

FWIW (and I know it's not the same category) I have just been contacted by my AD for a Black Bay Ceramic that I had asked about (and was told they don't have it, long list etc) and then about 4 months ago told them I am not going to wait and they can remove me as I am going with an FXD. Maybe curious timing, maybe another sign of ADs now having to go way down the list to sell new pieces...


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[QuelleHeureEstIl]

Originally Posted by RJM25R

I’m not saying I necessarily agree with the timescale but imho, if a global pandemic didn’t kill the hype, I don’t know what will.

The end of free money maybe...

[soicanbefree]

Originally Posted by Doc Savage

The economic pain of the pandemic was limited in some areas, and all of that down time, combined with supply chain issues and workplace interruptions, created a shortage of many luxury products. For those items already in high demand, the increased buying pressure pushed gray market prices into the stratosphere.

The current economic downturn in Europe and the US is broader than it was in 2020, and we will probably not see the V shaped recovery of two years ago. Even more importantly, China is wrecked economically right now. Since East Asia contributed a very large percentage of the increased demand/hype of Rolex, the loss of a lot of that demand, while probably temporary, will be seen in the lower prices for luxury goods.

I'm not going to rush in to buy new Rolex now. We still have more months of prices dropping on the gray market, imo.

People were trapped at home. Paid extra money and had no where to to spend it.

No travel. No eating out. No services or experiences.

It shifted all the regular cash and extra cash to discretionary goods.

This is going to be a recession induced by the government intended to halt inflation and cause pain.

So what I am saying is this has no parallel whatsoever to the pandemic.

[stephentross]

I have been in the market for sometime to add a brand new, never worn sub to the collection and the prices have come down some. Everyone is different. But I am not buying from a gray unless it is max 25% markup. over 25% and I am not playing that game. I walked into the AD and the list is shorter. I'm not 2 years out anymore. He said maybe 13 months or so. Look. The prices are going to fall in line with msrp + 10% eventually, You just have to be willing to wait. and if I am wrong, I am wrong and I still have my cash and cash is king.

[Doc Savage]

Originally Posted by soicanbefree

People were trapped at home. Paid extra money and had no where to to spend it.



No travel. No eating out. No services or experiences.



It shifted all the regular cash and extra cash to discretionary goods.



This is going to be a recession induced by the government intended to halt inflation and cause pain.



So what I am saying is this has no parallel whatsoever to the pandemic.

I'm saying the same thing...other than the government wanting to cause pain. That pain is just the predictable byproduct of fighting high inflation once it appears.

[EEpro]

Originally Posted by Doc Savage

I'm saying the same thing...other than the government wanting to cause pain. That pain is just the predictable byproduct of fighting high inflation once it appears.

Raising interest rates doesn't help lower the cost of food, cattle feed, or oil. Opening more refineries would. What it does is slow down the demand for goods by making us poorer. That is the purpose. Demand destruction.

[mwc5k]

I saw some stock in the case for the first time in a while today. Two tone ladies datejusts with diamond bezels. Not much but it’s a start.

[ajw45]

https://www.brecorder.com/news/40192596

Exports up over 8% yoy in July and over 13% to the US, strong share increase thanks to China mess, EU recession, and strong usd to eur. Production at all time highs AND larger allocation to the US. You gotta have rocks in your head or have a terminal disease to be paying over MSRP at the moment.

[NeoDough]

Originally Posted by Fedpete

This market isn’t returning. It’s actually headed back to the 2015 days of full ad cabinets. Screen shot this. It’ll take some time but that’s where it’s going. Greys will be selling under retail as they did for years upon years upon years.

I don't want you to be right (and wish you weren't) but I think you are probably closer than the bulls are.

Originally Posted by QuelleHeureEstIl

The end of free money maybe...

That's it, right there.

[NeoDough]

Originally Posted by soicanbefree

This is going to be a recession induced by the government intended to halt inflation and cause pain.

In fairness, it's intended to reduce the odds of extremely corrosive chronic "disease" by inflicting relatively modest short-term acute pain. I'm not exactly an economic interventionist, but it's disingenuous to suggest that the Fed doesn't have the long-term interests of the U.S. economy as their first and foremost priority. Having said that, their track record is not something to brag about.

[28mm]

Originally Posted by soicanbefree

Black Full Set Daytona 2021 27K Sold.

Let's look for some ticks in the 25-26s over the next week.

Where was this and full set?

[soicanbefree]

Originally Posted by 28mm

Where was this and full set?

MODA. Full set.

[HAL330]

while we're on the topic of price slumps...


I'm trying to get an Omega "Ed White" Cal 321 which has an MSRP of $14.1K in the US.. and the absolute rock bottom best price I can find anywhere is $20K... about the same as it's been for the past 2 years...

When is this one going to crash so I can get a bargain on it?

[Travis Gaudette]

Very cool info. Thanks

[EEpro]

Originally Posted by HAL330

while we're on the topic of price slumps...


I'm trying to get an Omega "Ed White" Cal 321 which has an MSRP of $14.1K in the US.. and the absolute rock bottom best price I can find anywhere is $20K... about the same as it's been for the past 2 years...

When is this one going to crash so I can get a bargain on it?

Apparently it is imminently imminent. Hang in there.

[HAL330]

Originally Posted by EEpro

Apparently it is imminently imminent. Hang in there.

right... and the check is in the mail ;)

[malice146]

Originally Posted by HAL330

while we're on the topic of price slumps...


I'm trying to get an Omega "Ed White" Cal 321 which has an MSRP of $14.1K in the US.. and the absolute rock bottom best price I can find anywhere is $20K... about the same as it's been for the past 2 years...

When is this one going to crash so I can get a bargain on it?

It came out in 2020 and me wonders if Rolex re released the 5513 or 1675 if they would be selling over retail 2 years later.

Just seen a Batman go up for sub 16k.
Guess they hit rock bottom

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