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

[Vince M.]

Originally Posted by shammad10

Believe it or not I think the UK Rolex secondary market is done. I was bored this afternoon so decided to ring round about 8 prominent grey dealers in the UK, watchfinder etc etc and offer some 'popular models' that I don't actually own.

Not a single one wanted to buy a watch. Even on consignment. Seems that the day of people flipping watches is done.

I called some greys around here and same thing. " not buying those right now " and also not consigning either.

[Rolextellstime]

Originally Posted by QuelleHeureEstIl

"Swiss watches exports to the UK continue to rise despite sales slowdown"

https://www.watchpro.com/swiss-watch...ales-slowdown/



2023 will be an interesting year for watch buyers.

This makes sense because market was going up and the manufacturers increased production. They made changes to the production that cannot be just turned off overnight. This will just add to the oversupply and next year will definitely be interesting.

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[G3Z]

Let’s hope this comes true. I’d love to see things return to windows, or just a chance to buy at MSRP without playing games.

[Mathematoxic]

Originally Posted by Rolextellstime

This makes sense because market was going up and the manufacturers increased production. They made changes to the production that cannot be just turned off overnight. This will just add to the oversupply and next year will definitely be interesting.

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Great insight indeed

[fsprow]

Originally Posted by Rolextellstime

This makes sense because market was going up and the manufacturers increased production. They made changes to the production that cannot be just turned off overnight. This will just add to the oversupply and next year will definitely be interesting.

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Don’t agree. Any manufacturer can adjust production to respond to demand changes if they wish. Easy to cut, harder to increase (equipment, people).

[Wahlberg]

Originally Posted by Rickkk

People who have nothing respond like this. I hope things get better for you and you can afford something nice one day

Such a sad response.

I've seen more and more of these kind of comments online. I thought most of us were here because we like watches, we like Rolex, ... but now it became a pissing contest. Who has the most money and your watch represents that.

[Mathematoxic]

Originally Posted by fsprow

Don’t agree. Any manufacturer can adjust production to respond to demand changes if they wish. Easy to cut, harder to increase (equipment, people).

I’m just guessing.. imagine the company have been preparing over the past 3yrs to increase production trying to meet demand but not long after these new production capacity comes into play, the secondary market demand fell greatly.. oops!

[eijiboy]

Meteorite daytona yg on OF now at 70k.

[Vince_76]

Blue 15500 fullset used for $42.5k. Sitting. There really is no bottom here.

Speaking of 15500s, did anyone on MODA see if Dana Swiss Watches posted a brand new 15500? If so, please let me know.

[eijiboy]

bnib cookie monster now at 36700. way below msrp!

[Michigan_State]

Originally Posted by fsprow

Don’t agree. Any manufacturer can adjust production to respond to demand changes if they wish. Easy to cut, harder to increase (equipment, people).

don’t agree. can’t just switch off suppliers, machines or qualified employees in switzerland. if it’s true that they have increased output, they can’t just press a red button.

[shammad10]

AP 15400ST 2017 Black, Box and Papers now offered at £24,725.

[psm11]

Originally Posted by Vince_76

Blue 15500 fullset used for $42.5k. Sitting. There really is no bottom here.

Speaking of 15500s, did anyone on MODA see if Dana Swiss Watches posted a brand new 15500? If so, please let me know.

I just looked Vince and didn’t see anything.

[BogdanS]

Daytona Platinum 116506 Brand New. Complete. Unsized. Unworn. Fresh 12/2022 - $100,000+label

Daytona 116508 Cosmograph Daytona 18k Yellow Gold Oyster Bracelet 40mm Green Dial "John Mayer" Pre-owned Full Links Retail Ready - Asking $63,000 OBO

Daytona Green Dial John Mayer 116508 Watch and card only retail ready full links - $64,750 and label.

Brand new Rolex Daytona 116500LN, Watch comes brand new, unsized , complete set, dated this month - 25.9 plus label

126710BLRO Pepsi Jub New dec/2022 complete set - 19.1k + label

126710bInr Batgirl Jubilee Brand new complete set dec/2022 - 16.9k+ label

326934 Blue SkyDweller Jub Brand New, 11/2022 Green Tag, No box - $23.3k + label

Sky Dweller Blue Dial Ref. 326934 Dated May 2022 Jubilee Band
Condition: Super Minty Full Set - 22.4k+shipping

126710BLRO Pepsi Jub Preowned mint condition 2022 complete set - 18.5k + label

All brand new, fresh date, complete set:
1. Starbucks 30/11/22: 15900$+label
2. Batgirl 11/12/22: 17200S+label
3. Bluesy 17/12/22: 17200$+label

Bnib Rolex submariner 41mm no date 124060 2022 new complete (box card wallet manual green tag white tag) - 11,950 shipped within USA

126610LV Submariner Excellent condition/ like new Complete set dated July 2022 - 15500 + shipping

Royal Oak Blue Dial 15500st Complete set dated 2021 - 42500 + shipping

GMT Master II Rootbeer 126715CHNR Watch and card dated Nov 2022. unworn with handling marks - 40000 + label

126610LV "Kermit" BRAND NEW/UNWORN UNSIZED FRESH DATED TODAY FUll Complete Set Shipped from Brasil - 15750 plus shipping

November 2022 dated 122660 Sea-Dweller 43 BIB unsized. Full box set minus bezel protector - $13475 + label


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[Vince_76]

Originally Posted by psm11

I just looked Vince and didn’t see anything.

Thank you!

15450 full set for 22.5k (still under warranty). Hasn’t moved. We are well under retail for royal oaks now

Someone also just offered 16.75k for a new Pepsi jubilee.

Prices are tanking and it’s as clear as day.

[Rolextellstime]

Originally Posted by BogdanS

Daytona Platinum 116506 Brand New. Complete. Unsized. Unworn. Fresh 12/2022 - $100,000+label

Daytona 116508 Cosmograph Daytona 18k Yellow Gold Oyster Bracelet 40mm Green Dial "John Mayer" Pre-owned Full Links Retail Ready - Asking $63,000 OBO

Daytona Green Dial John Mayer 116508 Watch and card only retail ready full links - $64,750 and label.

Brand new Rolex Daytona 116500LN, Watch comes brand new, unsized , complete set, dated this month - 25.9 plus label

126710BLRO Pepsi Jub New dec/2022 complete set - 19.1k + label

126710bInr Batgirl Jubilee Brand new complete set dec/2022 - 16.9k+ label

326934 Blue SkyDweller Jub Brand New, 11/2022 Green Tag, No box - $23.3k + label

Sky Dweller Blue Dial Ref. 326934 Dated May 2022 Jubilee Band
Condition: Super Minty Full Set - 22.4k+shipping

126710BLRO Pepsi Jub Preowned mint condition 2022 complete set - 18.5k + label

All brand new, fresh date, complete set:
1. Starbucks 30/11/22: 15900$+label
2. Batgirl 11/12/22: 17200S+label
3. Bluesy 17/12/22: 17200$+label

Bnib Rolex submariner 41mm no date 124060 2022 new complete (box card wallet manual green tag white tag) - 11,950 shipped within USA

126610LV Submariner Excellent condition/ like new Complete set dated July 2022 - 15500 + shipping

Royal Oak Blue Dial 15500st Complete set dated 2021 - 42500 + shipping

GMT Master II Rootbeer 126715CHNR Watch and card dated Nov 2022. unworn with handling marks - 40000 + label

126610LV "Kermit" BRAND NEW/UNWORN UNSIZED FRESH DATED TODAY FUll Complete Set Shipped from Brasil - 15750 plus shipping

November 2022 dated 122660 Sea-Dweller 43 BIB unsized. Full box set minus bezel protector - $13475 + label


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Awesome, thanks for this generous update.

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[aa909]

Originally Posted by eijiboy

bnib cookie monster now at 36700. way below msrp!

Seen these as low as $33K

[GGGMT]

It appears that we’ve officially hit the bottom of the market today.


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[jfmiii]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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No, we haven’t

[Incroyable12]

Originally Posted by shammad10

Believe it or not I think the UK Rolex secondary market is done. I was bored this afternoon so decided to ring round about 8 prominent grey dealers in the UK, watchfinder etc etc and offer some 'popular models' that I don't actually own.

Not a single one wanted to buy a watch. Even on consignment. Seems that the day of people flipping watches is done.

I walked past the Vintage Watch Company in Burlington Arcade today and they had these giant 30% off signs like some sort of tawdry Going Out of Business sale.

Plenty of tourists were ogling and taking photos of the watches though.

[Rolexatlast]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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Why do you say that?

Wishful thinking?

[mountainjogger]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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?????????????????? Doesn't look that way to me.

[shammad10]

Originally Posted by Incroyable12

I walked past the Vintage Watch Company in Burlington Arcade today and they had these giant 30% off signs like some sort of tawdry Going Out of Business sale.

Plenty of tourists were ogling and taking photos of the watches though.

They've had them up for about 10 years haha. As long as I can remember!
They price their pieces at about 50% above market value then knock 20% off.

[Crown & Shield]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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What market would that be?

[Maleg]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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While PM is showing up discounted from msrp, SS is still at or above retail (even for less popular references). I think we have a lot more slope to slide down.

[GGGMT]

Originally Posted by Maleg

While PM is showing up discounted from msrp, SS is still at or above retail (even for less popular references). I think we have a lot more slope to slide down.

Dammit. Probly right.


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[Rolextellstime]

Originally Posted by GGGMT

It appears that we’ve officially hit the bottom of the market today.


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I think we have just seen the beginning of the downturn. The rise in interest rates isn't finished, and it's effects haven't been felt yet fully by the economy. I would say that the entire 2023 year will be downward pressure, including watches, so I would say the prices will continue to go down.

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[yachty 1]

Originally Posted by aa909

Seen these as low as $33K

Bnib at 33?

[psm11]

Originally Posted by Vince_76

Thank you!

15450 full set for 22.5k (still under warranty). Hasn’t moved. We are well under retail for royal oaks now

Someone also just offered 16.75k for a new Pepsi jubilee.

Prices are tanking and it’s as clear as day.

Fingers crossed my 26331 Panda drops a bit further!

[EEpro]

Originally Posted by yachty 1

Bnib at 33?

$36,700 BNIB in coffin full set posted yesterday. Still there.