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

[QuelleHeureEstIl]

Originally Posted by jfmiii

The guys who get watches from ADs thinking they can flip for thousands of dollars of profit because they look at prices on chrono24 are in for a rude awakening.

My guess is that waiting lists of no-more-hot-references have mainly been skimmed from professional flippers who are well aware of the situation.

Now this new reality is starting to reach the mainstream flippers which is the mass. For sure they will tell their friends. It will have a small snowball effect.

We have to be patient and expect some latency. :)

[Vince_76]

15450 box and papers for 28k (short 3 links). That’s about retail + tax of the latest price.

It’s happening. Royal oaks going down particularly hard. Retail on many refs soon IMO

[eijiboy]

5711 tiffany 3.5mil nib. Cheaper than the auction


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[walds11]

Originally Posted by Vince_76

15450 box and papers for 28k (short 3 links). That’s about retail + tax of the latest price.

It’s happening. Royal oaks going down particularly hard. Retail on many refs soon IMO

It sure is happening!!!

[soicanbefree]

Gotta love this comment on an AP Sales posting.

"So tempting. Gotta see what the market does tmw to see how liquid I am lol."

[dmash]

clean black Daytona, watch + card, $26.3k unsold.

[honuswagner13]

Originally Posted by messikens

Any more recent moda updates for the 26420 and 26240?

Today, a 41mm 26240 steel black dial and a blue dial currently are sitting at $69,750 and $80,500 respectively. APs are dropping hard.

[dmash]

Originally Posted by honuswagner13

Today, a 41mm 26240 steel black dial and a blue dial currently are sitting at $69,750 and $80,500 respectively. APs are dropping hard.

Did you miss the silver dial? Bnib at $50k, couldn’t sell, so he’s pulled and tried to relist at $55 and $59 as if everyone is dumb lol

Needless to say, still unsold

[honuswagner13]

Originally Posted by dmash

Did you miss the silver dial? Bnib at $50k, couldn’t sell, so he’s pulled and tried to relist at $55 and $59 as if everyone is dumb lol

Needless to say, still unsold

I just noticed it now. That’s crazy

[Screwly]

Originally Posted by dmash

Did you miss the silver dial? Bnib at $50k, couldn’t sell, so he’s pulled and tried to relist at $55 and $59 as if everyone is dumb lol

Needless to say, still unsold

It’s a beautiful thing for the community. Especially the ones that want a royal oak at retail. Hopefully it will drive the flippers away for specific models and watches can be obtained by collectors again.


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[dmash]

Originally Posted by Screwly

It’s a beautiful thing for the community. Especially the ones that want a royal oak at retail. Hopefully it will drive the flippers away for specific models and watches can be obtained by collectors again.


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Yeah that's what's a punch in the gut, as that's the exact ROC I want, exact color and all. So many were *immediately* flipped, I'm patiently waiting though. Cautiously optimistic I can maybe get one next year as the 50th rotors will also have subsided by then.

[Nico81]

Originally Posted by 1665fan

Yea show me a nice 5 digit sub or gmt that has dropped in value at all…..they haven’t…..maybe stop going up but not dropped

Rolex explorer ii in nice condition was $12-13k late serial now around $9k


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[Wahlberg]

Originally Posted by Nico81

Rolex explorer ii in nice condition was $12-13k late serial now around $9k


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The 5 digit one, 16560?

[Vince_76]

Originally Posted by honuswagner13

Today, a 41mm 26240 steel black dial and a blue dial currently are sitting at $69,750 and $80,500 respectively. APs are dropping hard.

Yep. 15500 full set sitting at 38.5k. 30k soon…

[BogdanS]

Originally Posted by dmash

Did you miss the silver dial? Bnib at $50k, couldn’t sell, so he’s pulled and tried to relist at $55 and $59 as if everyone is dumb lol

Needless to say, still unsold

What dial color? White?


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[messikens]

Originally Posted by Vince_76

Yep. 15500 full set sitting at 38.5k. 30k soon…

Ooof.... Getting close! Thank you and dmash for the updates. Sad for my wealth on paper but I don't care since I'm keeping all of mine.

There's a certain amount of schadenfreude, esp for people who ruined their relationship flipping a new Chrono for a few bucks...

[dmash]

Originally Posted by BogdanS

What dial color? White?


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Yes.

I'm a Monochrom guy, so the blues are greens are fun on paper and to look at, but I wouldn't like to own.

[dmash]

White Daytona

28.8

Wow

[Rolexatlast]

Originally Posted by dmash

White Daytona

28.8

Wow

[soicanbefree]

Originally Posted by dmash

White Daytona

28.8

Wow

Still there. Also seen Black for 26ish.

Pepsi Jubilee w/Card ended at auction for 17.7K

Seemed like a lot of Pepsis were available this weekend.

[PJDIESEL]

Several Pepsis the past week, out of now where seemingly. All the way down to $16K.

The "last hoorah"?

[soicanbefree]

Originally Posted by PJDIESEL

Several Pepsis the past week, out of now where seemingly. All the way down to $16K.

The "last hoorah"?

I saw a silly amount of Pepsi listings coming out specifically on Sunday.

Feels like that model is ready for a leg down.

We hit June lows on Friday but then big bounce Mon/Tuesday in the markets 3% each day so not really sure how people are feeling.

[messikens]

Even on this forum they are going for 17-18k and BLNRs are at 16?!?

Rewind 6 months and they were a good 10k higher. Amazing how times have changed

[Rolextellstime]

Great thread, it will be interesting to see how prices will change in the next 6 months. Sanity is coming back it seems

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[Mifune]

Still looking for a blro oyster..

[QuelleHeureEstIl]

Originally Posted by messikens

Even on this forum they are going for 17-18k and BLNRs are at 16?!?

Someone know the current buy price (by greys/secondary market dealers)? Which margin do they take in this uncertain market?

[Rolextellstime]

Originally Posted by QuelleHeureEstIl

Someone know the current buy price (by greys/secondary market dealers)? Which margin do they take in this uncertain market?

From what I hear, many are not buying, and if they do, then at the retail price. Please someone correct me if you had different experience.

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[dmash]

Originally Posted by Rolextellstime

From what I hear, many are not buying, and if they do, then at the retail price. Please someone correct me if you had different experience.

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correct. as they'd be catching a falling knife at this point as nothing has stabilized.

[dmash]

15510white 46k and not a single comment. Bnib full set too

Another thing others are overlooking is that Rolex flippers will stay in the game for even a few grand over MSRP because it’s essentially untraceable. AP (happily!) has a better system for tracking flippers since it’s registered to you. Guys aren’t going to burn their AP connection for $5k, has to be much more lucrative than that. These fall much lower I believe it will have a domino effect to *really* dip, as flippers will pass even though there’s technically still money on the table.

At least my 2c.

[Andy0331]

Originally Posted by QuelleHeureEstIl

Someone know the current buy price (by greys/secondary market dealers)? Which margin do they take in this uncertain market?

I think it was in this thread where someone linked a Youtube video from CRM jewelers where the owner is on the phone telling a seller/flipper that he was a buyer at or below MSRP for (previously) popular Rolex models.

Aside from the uncertainty & hassle, you would likely get more selling on the board here, by splitting the difference between MSRP & grey pricing.