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

[dmash]

Brand new YG green dial Daytona for 69k. Complete set. 2022.

[SBR]

I would love to get a new stainless Daytona for 16/17K. Is that a possibility or wishful thinking?

[Pablito]

I'm in when a PP 5167A is under 40k ... I can still hope!

[Vince M.]

Originally Posted by SBR

I would love to get a new stainless Daytona for 16/17K. Is that a possibility or wishful thinking?

I would wait for a few more months. Prices are dropping pretty fast as demand has vaporized. Lots of these are out there being held by kids with back packs and weak hands.

[dmash]

new AP blue diver just sold for 26k, complete set. that's ~20% off the out the door price in store after tax.

[ThatOtherGuy7]

Originally Posted by Vince M.

I would wait for a few more months. Prices are dropping pretty fast as demand has vaporized. Lots of these are out there being held by kids with back packs and weak hands.

Spoke to a few ppl at an AD. One salesman agreed and said that secondary market dropping very fast while another salesman said their demand is still very high. Those two might not be related but I feel like they are: secondary market dropping should be less demand from flippers and thus more availability for people that truly want watches.

I’m impatiently waiting for a Daytona panda, but would hate to see a price increase before then. At $14,550+tax, it’s a $16K watch. If it goes up another $1-1.5K, it’ll simply become more difficult to justify almost $18K for a time piece. This is just me as I have not spent more than $5K on a watch until I got into the Rolex game getting a Sub for my dad few years ago.

[aa909]

Originally Posted by dmash

Brand new YG green dial Daytona for 69k. Complete set. 2022.

Jeez, weren’t these like $200K just in February? And now only slightly above retail + tax?

[Mathematoxic]

Originally Posted by aa909

Jeez, weren’t these like $200K just in February? And now only slightly above retail + tax?

The MSRP + tax(7%) in my country is around $38.5k USD

[101031-28]

Kinda liking this... Hype and speculation killed the love for the hobby these past 4 years. Looking forward to prices going back to pre 2017

[PL4444]

Originally Posted by aa909

Jeez, weren’t these like $200K just in February? And now only slightly above retail + tax?

Retail is in the mid-30s without tax.

[ThatOtherGuy7]

Originally Posted by SBR

I would love to get a new stainless Daytona for 16/17K. Is that a possibility or wishful thinking?

In the US, buying from AD is already at $16K. If you meant buying from AD, then yes, $16-17K is possible (long wait but possible). If you meant from grey, then probably, but I would think unlikely. Perhaps $18-20K is more likely.

[aa909]

Originally Posted by Mathematoxic

The MSRP + tax(7%) in my country is around $38.5k USD

Ah good clarification. I just check my local prices on Rolex.com and it’s about $45K with tax. But look how far it’s fallen from secondary market peak. Just amazing collapse in price.

[Bstewart]

Originally Posted by aa909

Ah good clarification. I just check my local prices on Rolex.com and it’s about $45K with tax. But look how far it’s fallen from secondary market peak. Just amazing collapse in price.

These weren't $200k though, even at the peak. I think highest was $120k-ish. Still a huge drop, though.

[Vince M.]

Originally Posted by Bstewart

These weren't $200k though, even at the peak. I think highest was $120k-ish. Still a huge drop, though.

120 was peak insanity.

I wish I would have dumped one of my pepsi's when a local grey was offering 24k.

[train-time]

Originally Posted by ThatOtherGuy7

In the US, buying from AD is already at $16K. If you meant buying from AD, then yes, $16-17K is possible (long wait but possible). If you meant from grey, then probably, but I would think unlikely. Perhaps $18-20K is more likely.

IMO, before you see them in the secondary market at $16-$17K, the MSRP will be there at the AD. It will only take one more price increase and with inflation at a 40 year high I suspect an increase is on the horizon.

[Vince M.]

Originally Posted by train-time

IMO, before you see them in the secondary market at $16-$17K, the MSRP will be there at the AD. It will only take one more price increase and with inflation at a 40 year high I suspect an increase is on the horizon.

At the same time, Rolex can also decrease pricing. If Patek can do it, anyone can do it.

[Bstewart]

Originally Posted by Vince M.

120 was peak insanity.

I wish I would have dumped one of my pepsi's when a local grey was offering 24k.

Would have been smart but who knew!

[PJDIESEL]

I'm still seeing plenty of "firm" priced listings.

I get a giggle. Today's "firm" and next weeks "bump" become the following week's "offers?"

[Trailboss516]

Originally Posted by ThatOtherGuy7

Spoke to a few ppl at an AD. One salesman agreed and said that secondary market dropping very fast while another salesman said their demand is still very high. Those two might not be related but I feel like they are

I think they are, it is just that those 2 lines haven't intersected yet on the generic economics graph. Like others have said, it won't be an overnight shift when all of a sudden all cases are full to the brim. Imagine that a waiting list for a hot model has 120 people on it, and 50% of those people drop off due to [insert any number of current events]. 60 people are still on that list, and according to that salesman you referenced, that statement of "demand is still very high" would still hold true.

Originally Posted by 101031-28

Kinda liking this... Hype and speculation killed the love for the hobby these past 4 years. Looking forward to prices going back to pre 2017

Same. Hard same.

[Rolextellstime]

There is a black Daytona full set on reddit for 23.5. Week by week we are returning to 2019 price levels

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[GGGMT]

Been at dinner for 2 hours; update? Prices still falling?


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[Mathematoxic]

Approximately 1 hour+ into this auction. Current bid is 105k

BIG BOY AUCTION

2018 Patek Philippe 5990/1A

No introduction needed for this piece, the big boy stainless Nautilus. 2018 complete set was lightly touched up to look brand new!

Comes as a complete set minus 2 links. Do not hesitate to ask any questions.

No Reserve Auction. Auction will end tomorrow night November 17th, 2022 at 8:30pm EST with a 3min soft close. Bid increments of 100$. Winner will send label or pay for label cost. Thank you

Many refs available, wire first.

[Incroyable12]

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

[Mathematoxic]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

As a business, it’s the owner’s responsibility to ensure maximum profit.

[soicanbefree]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

You think that's petty all the -1 on the links. They keep them. Small enough it won't break the deal but if you are a volume guy adds up to big money.

[rolex--]

Whoever is saying the market for watches are stabilizing is smoking some real real good stuff.

The prices on pretty much all pieces continue to slide. There is a brand new BLRO just dated last month for $17,350

These will be in the $16s and $15s by January.

[ExplorerI]

Originally Posted by Incroyable12

I'm always curious why dealers who deal in 5-6 figure watches make people pay shipping.

They always seem to make a big deal out of shipping labels.

Also has to do with liability. If I’m a buyer and I provide a shipping label with no insurance and the watch doesn’t show up that’s on me. If the seller is advertising a certain price “delivered” then the watch better show up or that’s on them.

[1665fan]

Originally Posted by Rolextellstime

There is a black Daytona full set on reddit for 23.5. Week by week we are returning to 2019 price levels

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One guy on here just paid 27.9 for one lol

[NeoDough]

Originally Posted by PJDIESEL

I'm still seeing plenty of "firm" priced listings.

I get a giggle. Today's "firm" and next weeks "bump" become the following week's "offers?"

Exactly. The classified section on this very site is full of threads that tell the story - "final" reductions followed by several more "final" reductions.

[agsstructures]

Full set 2015 5235G sold for 34k. I know it’s not one of the hot models but that’s a low number on that watch!