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

[Vince_76]

Originally Posted by HAL330

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

No. Brand new Pepsi sitting at 18.5k. Just one of many data points that prices continue to fall.

[soicanbefree]

Originally Posted by Vince_76

No. Brand new Pepsi sitting at 18.5k. Just one of many data points that prices continue to fall.

Why not get the WG with Blue AND Black Dial included for 36.5K dropping and no takers.

[Mifune]

Originally Posted by Vince_76

No. Brand new Pepsi sitting at 18.5k. Just one of many data points that prices continue to fall.

show me...

[HAL330]

Originally Posted by malice146

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

Sent from my iPhone using Tapatalko

called the boutique in Beverly Hills, my sister is a big customer there... manager of the store told me 3 years wait and they're only selling to loyal Omega customers, so getting on the list is a big "if".. ... he said he's gotten 3 of them this year.. Also said that they're only making about 700 off them a year..

This movement will never be a mass production movement, they're pushing the new 3XXX movement with co-axial...

This watch is a no brainer long term.

[malice146]

Originally Posted by HAL330

called the boutique in Beverly Hills, my sister is a big customer there... manager of the store told me 3 years wait and they're only selling to loyal Omega customers, so getting on the list is a big "if".. ... he said he's gotten 3 of them this year.. Also said that they're only making about 700 off them a year..

This movement will never be a mass production movement, they're pushing the new 3XXX movement with co-axial...

This watch is a no brainer long term.

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?

You were asking when it was going to crash and talking about price slumps. Think you answered your own question as it is limited on how many they release. Think you’re comparing apples to oranges.


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[Vince_76]

Originally Posted by Mifune

show me...

It’s on MODA. Plenty of people have access here and can verify

[Mifune]

Trying to get in, but no luck.
Shopping for a blro for the right price.

[HAL330]

Originally Posted by malice146

You were asking when it was going to crash and talking about price slumps. Think you answered your own question as it is limited on how many they release. Think you’re comparing apples to oranges.


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no, I'm fully aware that I am being ironic.. Supply = Demand .. it's a law.. not a theory. I'm well aware.

[JRedford]

Originally Posted by Mifune

Trying to get in, but no luck.
Shopping for a blro for the right price.

I think it took a few days for me to get in. I have purchased 2 watches from sellers on Moda, it has been a good experience for me.

[malice146]

Originally Posted by HAL330

no, I'm fully aware that I am being ironic.. Supply = Demand .. it's a law.. not a theory. I'm well aware.

Yeah force demand with such a low supply. Rolex could do the same thing to keep the grey prices high but they don’t. Thus falling prices. Supply v demand…..it’s a law….not a theory. And laws can be bent to effect outcome.


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[HAL330]

Originally Posted by malice146

Yeah force demand with such a low supply. Rolex could do the same thing to keep the grey prices high but they don’t. Thus falling prices. Supply v demand…..it’s a law….not a theory. And laws can be bent to effect outcome.


Sent from my iPhone using Tapatalk

but that's the way it works.... it's not about forcing demand... it's about Supply=Demand .... Rolex has been making 800,000 watches a year for close to a decade... Omega nearly the same number... how many of a particular model, it's more a mystery with Rolex, but we have decent numbers on most Omegas.. The Ed White is being made in fewer quantities I'm sure than the SS Daytona, but because the demand for the Daytona is so much larger, the delta in the price is the same, in spite of the much smaller number Omega is making.

[malice146]

Originally Posted by HAL330

but that's the way it works.... it's not about forcing demand... it's about Supply=Demand .... Rolex has been making 800,000 watches a year for close to a decade... Omega nearly the same number... how many of a particular model, it's more a mystery with Rolex, but we have decent numbers on most Omegas.. The Ed White is being made in fewer quantities I'm sure than the SS Daytona, but because the demand for the Daytona is so much larger, the delta in the price is the same, in spite of the much smaller number Omega is making.

That’s weird. Then I wonder why such the deep price drop for the Daytona? So if supply=demand is a law and the demand for the Daytona is much larger then the Ed White, why isn’t the “delta” the same for both watches?


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[malice146]

Originally Posted by HAL330

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?

Sent from my iPhone using Tapatalkj

You say the Ed white price hasn’t changed in 2 years.

[eijiboy]

Originally Posted by 28mm

Where was this and full set?

They exist. from40-42k 7 months ago now it only 27k.

[soicanbefree]

"Fed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech"

QQQ 307.75 as of 3:45 -4% on the day.

[eijiboy]

Nib panda 34500. None is interested


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[QuelleHeureEstIl]

Holy s... we are so low for a Daytona black 2021 now???? https://youtu.be/nCa84ccUKoM?t=2356

[eijiboy]

Originally Posted by soicanbefree

"Fed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech"

QQQ 307.75 as of 3:45 -4% on the day.

Is this the reason why stocks are down today?

[eijiboy]

Originally Posted by QuelleHeureEstIl

Holy s... we are so low for a Daytona black 2021 now???? https://youtu.be/nCa84ccUKoM?t=2356

yup thats the wholesale price and they will resell it at 25--27k

[AbeFroman]

Originally Posted by eijiboy

Is this the reason why stocks are down today?

Yes, basically most of Wall Street was hoping for a more dovish speech.

Dovish meaning reducing rates sooner rather than later, but he painted the opposite.

[ajw45]

Originally Posted by AbeFroman

Yes, basically most of Wall Street was hoping for a more dovish speech.

Dovish meaning reducing rates sooner rather than later, but he painted the opposite.

Right. Just like the dealers thought prices had bottomed the last few weeks
Everyone got complacent, will be interesting to see where prices go in the next month or two.

[AbeFroman]

Originally Posted by ajw45

Right. Just like the dealers thought prices had bottomed the last few weeks

Some fellow TRF members will be surprised when the imminent bottom they predicated that’s near is nowhere to be found.

[eijiboy]

Originally Posted by ajw45

Right. Just like the dealers thought prices had bottomed the last few weeks
Everyone got complacent, will be interesting to see where prices go in the next month or two.

Originally Posted by AbeFroman

Some fellow TRF members will be surprised when the imminent bottom they predicated that’s near is nowhere to be found.

True but i noticed lately moda sellers, dealers trying to push prices up but none of the buyers are biting it. hardly any likes or comments.

[Turbo Racer]

Originally Posted by AbeFroman

Yes, basically most of Wall Street was hoping for a more dovish speech.

Dovish meaning reducing rates sooner rather than later, but he painted the opposite.

I agree. I don’t think the market priced in a fed that is determined to see inflation drop to 2% or that it has a willingness to see the economy slow or go into a recession to achieve its goal. Nor has the market priced in a fed committed to keeping funds rate high until its confident that inflation is dead. The way I’m reading this is unfortunately a hard landing. I sure hope I’m wrong because I see a lot of people all in with risk on positions.

In light of this backdrop, I have kinda of seen the watch prices sort of level off over the last week or two. Blro, chnr, SS Daytona, sub d/nd all seemingly more or less static. Is this what others are seeing? If the bears are back on the street, are watch prices going to correct in the same way as equities and bit coin?

I can’t remember ever being so patient in my life in holding off on a watch and I’m getting tired of waiting!

[DJ4]

Originally Posted by eijiboy

Is this the reason why stocks are down today?

Fed Chairman Jerome Powell on Friday pledged that the central bank will "use our tools forcefully" to attack inflation that is still running near its highest level in more than 40 years.

"While higher interest rates, slower growth and softer labour market conditions will bring down inflation, they will also bring some pain to household and businesses," he said.

"These are unfortunate costs of reducing inflation but a failure to restore price stability would mean far greater pain."

After this kind of text, the market tanked.

I think a bright light and a new positive cycle will start next year, the worst is probably ahead of us, it’ll take time.

It’s my opinion only

[HAL330]

Originally Posted by malice146

That’s weird. Then I wonder why such the deep price drop for the Daytona? So if supply=demand is a law and the demand for the Daytona is much larger then the Ed White, why isn’t the “delta” the same for both watches?

You say the Ed white price hasn’t changed in 2 years.

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because currently the demand for the Ed White is higher... historically, not so much.

The "market price" of the Ed White has not materially fluctuated that much ... not since day 1.. not compared to the Daytona.

[Doc Savage]

Originally Posted by Turbo Racer

I agree. I don’t think the market priced in a fed that is determined to see inflation drop to 2% or that it has a willingness to see the economy slow or go into a recession to achieve its goal. Nor has the market priced in a fed committed to keeping funds rate high until its confident that inflation is dead. The way I’m reading this is unfortunately a hard landing. I sure hope I’m wrong because I see a lot of people all in with risk on positions.
...

You're right, and I was surprised to see so many people caught off guard by the Fed's move. It was the easiest thing to predict in the last 30 years of investing, imo.

Inflation hurts everyone. A central bank tightening the money supply to reduce inflation, even when it results in a recession (or deepens a current recession), hurts fewer people. It's the lesser of two evils, from the Fed's perspective.

History has shown that Fed loosening monetary policy too early backfires, so the Fed maintaining an anti-inflation stance was no surprise, imo.

[ronricks]

Originally Posted by AbeFroman

Yes, basically most of Wall Street was hoping for a more dovish speech.

Dovish meaning reducing rates sooner rather than later, but he painted the opposite.

October is going to be a bloodbath. Prepare accordingly. We haven’t seen close to the bottom for our trinket watch hobby. The big grey’s can try and hold out but it is just going to get worse for them. The holidays aren’t going to save them either that’s just as dumb as thinking China opening back up would.

[Bizcut1]

I’ve seen quite a few nice watches on MODA in the past two weeks go for prices lower than we have been seeing recently. Don’t know if that means anything and it’s not exactly a scientific observation.

[EEpro]

Originally Posted by Bizcut1

I’ve seen quite a few nice watches on MODA in the past two weeks go for prices lower than we have been seeing recently. Don’t know if that means anything and it’s not exactly a scientific observation.

Pricing is proportional to the reputation of the seller too.