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

[HAL330]

Originally Posted by pursang_

Moda check:

Clean naked D serial white dial 116520 sitting unsold for a few days at 22.6k

12/21 slider 126610LN w/ only tags sold for 12.9k

Full set 10/21 slider 126610LN sitting over the weekend at 13.5k

Like new w/ some stickers (yet naked) Patek 5167 sitting at 51k

Like new 06/22 Oyster BLRO sitting unsold for 36 hours at 20k

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

[Vince_76]

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

You’re back huh? Lol don’t get upset and leave the thread when you get called out.

Regarding market price - you, I, and multiple others had this discourse a few pages back evincing that MODA is the bellwether for market price. You couldn’t handle the conversation and left as a result. So don’t come back and say MODA isn’t the market and provide other unsubstantiated claims.

MODA is a free market - easy to get burned there, sure, but plenty of reputable dealers with brick & mortar storefronts that sell full sets. Note that this is similar to countless other dealer chats whereby your supposedly trusted greys source product.

That said, MODA is as safe or as risky as the seller. Hence the saying “buy the seller, not the watch”.

[QuelleHeureEstIl]

Originally Posted by Vince_76

You’re back huh? Lol don’t get upset and leave the thread when you get called out.

When I see angry reactions I always think about that (Sorry for reposting): https://youtu.be/NBVDqAHQ4-M?t=136

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

What must be understood is that these private groups are a very accurate indication of a **trend** and a good indicator of price ranges.

It is the current **buy price** from greys. BTW, it is a great indication of the margin a flipper can make => we can then make lots of predictions (AD list length, demand, wait time, etc)
It is the future **sell price** because the trend is set whether we like it or not.

You can also see greys speaking about these groups in some of their yt videos. They use them as a daily tool.

I would not advice my mom to shop there, but what is the issue for a trained eye?

[Doc Savage]

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

Dude, chill. If you have to keep telling people something a hundred times, maybe they just see it differently than you. That's ok. A broken record doesn't convince anybody of anything.

Remember - your fear doesn't necessarily translate to other people's experiences.

[EEpro]

NOS 5711 from 2019 full set. $115k.

[HAL330]

Originally Posted by EEpro

NOS 5711 from 2019 full set. $115k.

smoking deal man, jump on it!! That's only 3X MSRP...

I paid $49K for my 5711/1R from an AD... when prices get down there... you all can start celebrating the end of high watch prices.

[JRedford]

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

I’m pretty sure at this point no one cares about your opinion, which is completely unsubstantiated and wrong.

If you take the time to read the descriptions they are spot on and sell accordingly.

[EEpro]

Originally Posted by HAL330

smoking deal man, jump on it!! That's only 3X MSRP...

I paid $49K for my 5711/1R from an AD... when prices get down there... you all can start celebrating the end of high watch prices.

I wouldn't pay $50k for it. Rather have Screwly's 4500V rose gold for that money.

[HAL330]

Originally Posted by JRedford

I’m pretty sure at this point no one cares about your opinion, which is completely unsubstantiated and wrong.

If you take the time to read the descriptions they are spot on and sell accordingly.

mister joined in May 22 (likely a dirtbag from moda, Johnny come lately to watch dealership) has an opinion that "somebody" cares about?

Go take a piss as the brits love to say.

[Screwly]

Originally Posted by EEpro

I wouldn't pay $50k for it. Rather have Screwly's 4500V rose gold for that money.

1000%


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[messikens]

Originally Posted by HAL330

mister joined in May 22 (likely a dirtbag from moda, Johnny come lately to watch dealership) has an opinion that "somebody" cares about?

Go take a piss as the brits love to say.

Not sure why you need to be so aggressive / insulting at this point? Guy just offered his opinion...

For all I care about - I appreciate fellow members posting Moda numbers as to me they are another data point (and a valuable one at that). If I want to see Chrono prices I log into Chrono and if I want to see prices from reputable sellers on this forum, I can see them posting their offers. I cannot see Moda so someone else providing this to me is great and I am grateful for it.

Doesnt mean every dealer on there is trustworthy and doesn't mean anyone who isn't comfortable with Moda is advocating to use it. Buy at your own risk.

Suggest you chill out a bit and have a cold beer on a Friday

[HAL330]

Originally Posted by messikens

Not sure why you need to be so aggressive / insulting at this point? Guy just offered his opinion...

For all I care about - I appreciate fellow members posting Moda numbers as to me they are another data point (and a valuable one at that). If I want to see Chrono prices I log into Chrono and if I want to see prices from reputable sellers on this forum, I can see them posting their offers. I cannot see Moda so someone else providing this to me is great and I am grateful for it.

Doesnt mean every dealer on there is trustworthy and doesn't mean anyone who isn't comfortable with Moda is advocating to use it. Buy at your own risk.

Suggest you chill out a bit and have a cold beer on a Friday

Right .. well, just get on Facebook and search "Moda watch" .. should be able to find it, join and see for yourself...

but indeed you're right... buy at your own RISK.... I personally don't like the word risk and multi-thousand dollar watch purchases in the same sentence.

[bobernet]

Originally Posted by HAL330

Right .. well, just get on Facebook and search "Moda watch" .. should be able to find it, join and see for yourself...

but indeed you're right... buy at your own RISK.... I personally don't like the word risk and multi-thousand dollar watch purchases in the same sentence.

That’s because you’re a typical retail buyer, not a wholesale dealer. Your insistence on having a white glove consumer experience in a wholesale dealer forum is likely what got you the boot.

Ever been to a large watch industry show? It’s not just a larger version of a jewelry store. If you’re an uneducated buyer, especially in vintage, you will get burned.

The MODA group can go away tomorrow and I won’t care, but the wholesale market being the leading indicator for the retail market is absolutely true.


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[QuelleHeureEstIl]

Originally Posted by HAL330

smoking deal man, jump on it!! That's only 3X MSRP...

I paid $49K for my 5711/1R from an AD... when prices get down there... you all can start celebrating the end of high watch prices.

No offense, but you are not understanding the situation and why people are posting current watch values in this thread.

PLEASE, understand that real watch collectors are waiting prices to normalize (=crash) so flippers are thrown out of the game. Why? So every true enthusiast can acquire the watch they want and not the crap ADs are forcing them to buy. (Like when you bought your PP.)

I spoke with someone working at Rolex HQ in Geneva about market situation. Do you know how they internally call the market we are expecting (lists with "normal" wait times)? Healthy... And contrary to what many think, they also would like this normalization. ADs would also please customers and sell them watches for birthdays, celebrations, birth, wedding, etc. As long as the market is flooded with flippers and prices are crazy, it will be under unhealthy tension.

Hope you understand. If not, life is short, do not waste your time in this silly thread, TRF has so many other great threads. Take care.

[pursang_]

Lmao. I'm glad I scrolled up and realized the "for the 100th time" post being quoted was mine from the middle of July.

Have a great weekend, folks.

[PBJ1925]

I personally bought several pieces from Moda without any issues. As most have stated, buy the seller, and do your research. I.E. - Call the seller, do a Linked-In search, ask for references, etc..

BTW, you may see a trusted seller or two also list pieces on Moda on occasion for context.

[Al1969]

HAL330

[AbeFroman]

Looks like he will actually be leaving the thread this go around.

[GGGMT]

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

Moda is amazing! Great safe reliable. Just like Craigslist if you know what’s up


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[mquarter]

Originally Posted by Vince_76

It’s funny to see watches sitting on MODA at recent lows, yet people on Chrono are raising their prices for the same refs… and they’re obviously sitting as well.

It’s a game of chicken at this point, and the economic headwinds will easily top the scales towards the buyer, in due time.

It's hilarious. I've got a saved search alert on C24 for 116500 which has retrieves 500 entries. Every day dealers add new listings at prices that just fall somewhere in the middle/upper half of the range ... what's the point??

[Vince_76]

Originally Posted by Al1969

HAL330

Originally Posted by AbeFroman

Looks like he will actually be leaving the thread this go around.

Tremendous Great start to the long weekend.

Originally Posted by mquarter

It's hilarious. I've got a saved search alert on C24 for 116500 which has retrieves 500 entries. Every day dealers add new listings at prices that just fall somewhere in the middle/upper half of the range ... what's the point??

They are holding the stock and have the carry costs of inventory so why not list these pieces and see if a sucker will go for it. Won’t last though.

[INC]

Convincing lame impulse buyers that buying a watch is the best investment these days. This is how they sell the feeling that if someone can buy a watch for 2xMSRP, it's the deal of the year, as these will be worth more every day.

Ultimately, C24 wants to set prices regardless of people's purchasing power and needs. For example this is how their graphs and "how much is your collection worth" folktales are made...

[ronricks]

Originally Posted by HAL330

for the 100th time... MODA isn't a safe place to buy a watch in my view, and therefore not the "market" price.. ... mostly suspect watches with suspect history... usually blatantly missing warranty cards, and / or obviously refinished used watches being represented as new...

You can kick and scream all you want but MODA is legit and the prices on there are the current market. In case you didn’t know all the trusted sellers buy watches on there and try to resell them on here. It’s a fact.

[eijiboy]

Originally Posted by ronricks

You can kick and scream all you want but MODA is legit and the prices on there are the current market. In case you didn’t know all the trusted sellers buy watches on there and try to resell them on here. It’s a fact.

And worst part was he thinks that all of the watch thereon moda are used and polished to look new and restickered. and i was like, is there an oem like sticker for sale.?

[isgrb]

Just to play devil’s advocate, I don’t think he was arguing that moda is a poor barometer to gauge market benchmarks but that some of the pieces for sale there are sketchy since they are watch only, without papers or missing links etc.

Like all of you, I like using moda to get a sense of where the market is for different models but I tend to ignore posts that are watch only. I know that boxes are added easily on the secondary market but missing cards are a red flag for me and represent a bridge I personally am not comfortable crossing.

That said, maybe he was arguing something completely different, in which case carry on. Just my two cents. I’m enjoying this thread quite a bit, I collect pieces that I wear everyday but always have my eye on the market for trading/buying opportunities.

[EEpro]

Originally Posted by ronricks

You can kick and scream all you want but MODA is legit and the prices on there are the current market. In case you didn’t know all the trusted sellers buy watches on there and try to resell them on here. It’s a fact.

Not legit. Reported and remained. When someone posts this abortion for $128K it drags prices down and gives the sense these are more common than they are. That's not the market. There's truth to what he was saying.

[Vince_76]

September will be very telling. Summer’s over, kids are back to school, etc.

If the market doesn’t bounce, I don’t know what excuse market bulls will use next.

[QuelleHeureEstIl]

Originally Posted by Vince_76

September will be very telling. Summer’s over, kids are back to school, etc.

If the market doesn’t bounce, I don’t know what excuse market bulls will use next.

100%

Let me guess: "China will reopen.", "economy will rebounce" or "Ukraine-Russia will be solved"

Most of people never faced an inflation period. So they do not realize how it changes everything in our daily life and even more...

And the "official" narrative changed, inflation is stickier than "transitory" and we will have it for some time now.

[Mathematoxic]

In my months of monitoring MODA’s prices, what I can say is that the prices there is alittle ahead of the average watch market. I compare the prices there with TRF classified and my local market.
My local market prices never fails to go in the same direction as MODA prices. One of the reason I can think of is that most of the active listers there are full time traders/brick and mortar watch shops. They generally try to sell to their local market. If it doesn’t move, they list it on MODA at a lower price to get things going. This way, they protect the sentiments of their local watch market. Hence there is a lag in market prices as compared to MODA.

Whether it’s safe to buy there, the same principle of buying the seller applies. Most but not all on MODA are legit. There are always bad apples everywhere.

[AbeFroman]

Originally Posted by EEpro

Not legit. Reported and remained. When someone posts this abortion for $128K it drags prices down and gives the sense these are more common than they are. That's not the market. There's truth to what he was saying.

Wasn’t that aftermarket meteorite dial disclosed though? I thought the seller mentioned it in the ad.