New Rootbeer GMT crashed

[bluestreak]

Originally Posted by GradyPhilpott

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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No.


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[garyk]

[QUOTE=monsieur_z;12060438]

Originally Posted by holdingon

New Rootbeer GMT crashed


Have you tried turning it off and on again?

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Hahaha….

[garyk]

Originally Posted by brandrea

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

So true…..wore my Bluesy today and didn’t care what they sell for or where….

[JPJ]

I'm sure this has been said before, but is the general increase in Rolex's on the secondary and grey market a knock on effect from Rolex's official price increase in early Jan?
In general the steel sports watches retail price increases were +/- 10% which seems to correlate

[bluestreak]

Originally Posted by JPJ

I'm sure this has been said before, but is the general increase in Rolex's on the secondary and grey market a knock on effect from Rolex's official price increase in early Jan?
In general the steel sports watches retail price increases were +/- 10% which seems to correlate

The Root beer specifically only went up by less than three percent though.


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[bram]

A trusted seller on this forum just offered me $22k for a BNIB root beer. This could mean one of two things… the dealer has a ridiculously high mark up of $8-10k for this piece or this may be an indication the market may have softened a bit and grey dealers are not able to move product as fast as they normally do. Just my two cents.


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[EEpro]

Originally Posted by bram

A trusted seller on this forum just offered me $22k for a BNIB root beer. This could mean one of two things… the dealer has a ridiculously high mark up of $8-10k for this piece or this may be an indication the market may have softened a bit and grey dealers are not able to move product as fast as they normally do. Just my two cents.


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That would indicate $27-28.5k anticipated sale price from my experience working with several here. TT will still be slower to move than steel even for that hot GMT TT so that could be another reason.

[BrazenC5]

Originally Posted by 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.

You sold out of two pieces and planned to rebuy?

You "day trading" at this point??

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[holdingon]

Please don't see these watches as "investments." Enjoy.

[GradyPhilpott]

Originally Posted by NeedMoreCoffee

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

I missed this remark before.

I'm not really applying that theory, although I did appropriate the term from that individual.

[GST15]

Originally Posted by JRell

Look on stockx, they are not selling for nearly that high, closer to 20k.

Not exactly true. I was recently offered 25K for mine. Unfortunately for me I am attached to all my watches and never sell them. I happened to have it on while shopping around.