ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Etschell · 29 December 2022, 10:24 AM

Quote:

Originally Posted by Swiftneck

I think more or less all gold watches are possible to go below 30k. Rolex pumped out so many the last few years who ended in "investors" safes. When they are to find reel hands the next few year while AD's again starts discounting PM, i think it will get ugly..

Sendt fra min SM-F711B med Tapatalk

It's 40 off msrp and below AD cost. I stand by my buy and that post.

eijiboy · 29 December 2022, 10:26 AM

bnib rg dd olive dial now at 48.5. just sold

Vince M. · 29 December 2022, 11:44 AM

Quote:

Originally Posted by Etschell

Listen I doubt it but consider this the sold order for 2 at 25k. And I really think prices fall more but mid 20s for that is a big buy.

I was just passing along his speculation. I am not a buyer for that particular gmt as I have a white gold meteorite and a stainless blro and blnr. I am hoping to see the solid YG blue dial sub(41mm) get to those prices though..

Vince M. · 29 December 2022, 11:46 AM

I also seen a freshly dated solid white gold/blue dial Daytona for 40k with no buyers. I think thats cheaper than msrp + tax.

gsingh0317 · 29 December 2022, 12:07 PM

Seeing brand new (12/22) Panda steel Daytona's (116500LN) go for about $29-30k on the grey market right now

eijiboy · 29 December 2022, 01:58 PM

Quote:

Originally Posted by Vince M.

I also seen a freshly dated solid white gold/blue dial Daytona for 40k with no buyers. I think thats cheaper than msrp + tax.

i think the OF daytonas and JM are still holding on but its just a matter of time. look what rg dd olive is at now. from 80-90k now down to 48

Vince M. · 30 December 2022, 12:28 AM

The blue/white gold was one of the John Mayer watches.

Fedpete · 30 December 2022, 03:11 AM

Quote:

Originally Posted by eijiboy

i think the OF daytonas and JM are still holding on but its just a matter of time. look what rg dd olive is at now. from 80-90k now down to 48

On this very forum a RG olive is sitting at 42k 2017

Sent from my iPhone using Tapatalk

Swiftneck · 30 December 2022, 03:26 AM

Quote:

Originally Posted by Etschell

It's 40 off msrp and below AD cost. I stand by my buy and that post.

Sorry. I quoted the wrong guy. (You)

I agree with you, that mid 20 sound very low, and I don't think it will bad all that bad. I believe 25-30 % below mrsp is more realistic.But on the other hand would call it impossible either. But again what is..

Sendt fra min SM-F711B med Tapatalk

Vince_76 · 30 December 2022, 05:22 AM

Full set RG olive DD 2020 sitting at 46.8k

Definitely a recent low. No tested bottom…the decline still has a loooong way to go.

Fedpete · 30 December 2022, 07:18 AM

Quote:

Originally Posted by Vince_76

Full set RG olive DD 2020 sitting at 46.8k

Definitely a recent low. No tested bottom…the decline still has a loooong way to go.

2020 BNIB this was a $35k watch. I believe by q2 23 it'll be as 35k watch again.

Vince_76 · 30 December 2022, 08:17 AM

Quote:

Originally Posted by Fedpete

2020 BNIB this was a $35k watch. I believe by q2 23 it'll be as 35k watch again.

Agree. We are trending back to the 2019 trendline at best, or an overcorrection at worst.

“Worst” being for the charlatans and backpack flipper that tarnished this hobby. Good for true enthusiasts.

onyourbikes · 30 December 2022, 08:39 AM

Quote:

Originally Posted by Vince_76

Agree. We are trending back to the 2019 trendline at best, or an overcorrection at worst.

“Worst” being for the charlatans and backpack flipper that tarnished this hobby. Good for true enthusiasts.

The last 2 years or so we're a unique and special circumstance that is unlikely to repeat, especially as so many are now getting burnt on watches, crypto etc etc. Which is good for us.

All history until then seems to have been forgotten. So many forget that it was almost always easy to get any regular watch in no time. So many people think the stupidity of the last 2 or so years is the norm, not the exception.

I think we rapidly will be back to normal. I bet before spring. The last gasp of Christmas saving the nonsense never happened.

I can't wait. I've been waiting for this for a few years as I refused to play the games. Now we can get what we want and the newcomers who ruined it all I hope burn with their over speculation.

aa909 · 30 December 2022, 08:39 AM

This week I saw 2 separate “selling to pay the bills” posts. The next leg down begins

Screwly · 30 December 2022, 08:54 AM

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents…

Sent from my iPhone using Tapatalk

Vince M. · 30 December 2022, 09:42 AM

Quote:

Originally Posted by Screwly

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail....

Save it...

Back pack flippers ruined the entire hobby. I hope they all BK.

nocaps · 30 December 2022, 09:51 AM

Quote:

Originally Posted by Screwly

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents…

Sent from my iPhone using Tapatalk

i think your concern for those backpack flippers who are losing money is misplaced. where was the concern for buyers who were offered watches
at 3x retail? if you believe in karma as you say, you are witnessing it loud and clear…

Etschell · 30 December 2022, 09:54 AM

Quote:

Originally Posted by Screwly

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents…

Sent from my iPhone using Tapatalk

you ever heard or michael bury or warren buffet? savages take no prisioners for the less adept.

Vince_76 · 30 December 2022, 09:55 AM

Quote:

Originally Posted by Vince M.

Save it...

Back pack flippers ruined the entire hobby. I hope they all BK.

Quote:

Originally Posted by nocaps

i think your concern for those backpack flippers who are losing money is misplaced. where was the concern for buyers who were offered watches
at 3x retail? if you believe in karma as you say, you are witnessing it loud and clear…

100% agree. Additionally, many of these guys preyed on uneducated folks with “to the moon”, “this is an investment piece” etc. no sympathy here. There are people with far more noble causes that need sympathy.

Hope they BK as well

Etschell · 30 December 2022, 09:57 AM

Quote:

Originally Posted by nocaps

i think your concern for those backpack flippers who are losing money is misplaced. where was the concern for buyers who were offered watches
at 3x retail? if you believe in karma as you say, you are witnessing it loud and clear…

they can still sell between themselves right? that's a market right?

Etschell · 30 December 2022, 09:58 AM

Quote:

Originally Posted by Vince_76

100% agree. Additionally, many of these guys preyed on uneducated folks with “to the moon”, “this is an investment piece” etc. no sympathy here. There are people with far more noble causes that need sympathy.

Hope they BK as well

the brands themselves didnt help either...

messikens · 30 December 2022, 09:59 AM

Quote:

Originally Posted by Vince M.

Save it...

Back pack flippers ruined the entire hobby. I hope they all BK.

100%.

I have no patience / remorse for backback flippers. Want to show off on Instagram, overleverage yourself trying to make a quick buck, now get burnt. Works for me.

They didn't have any issues making 3-50k per watch during the "good (read : crazy) times" and showing off like no one elses business. Now why would I care during the inevitable downfall?

Vince_76 · 30 December 2022, 09:59 AM

Quote:

Originally Posted by Etschell

the brands themselves didnt help either...

And they will be humbled.

Kevbo · 30 December 2022, 10:10 AM

In the UK certain AD is able to source two tone Explorer and DJ for walk-in customers. It seems that time is up for the back-pack grey market dealers.

jgrae · 30 December 2022, 10:15 AM

Quote:

Originally Posted by jgrae

Do we think $55k is the price now or was that auction a bit of an outlier? Was thinking about buying without papers as it's pretty tough to fake these, right?

Maybe the Mods donthink the $55k sale was an outlier, same platinum dd40 model was allowed to be posted at $65k today.

Vince M. · 30 December 2022, 12:59 PM

I think its safe to say all of us in the hobby were completely fine with modest gains over the long term on our pieces and negotiating a good percentage down from msrp without buying unwanted things.

No matter what, weak hands will fold and " we " will still be here, enjoying our watches and eyeing the next move.

psm11 · 30 December 2022, 02:38 PM

Quote:

Originally Posted by Screwly

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents…

Sent from my iPhone using Tapatalk

Oh come on… I have zero sympathy for someone that hitched their wagon to something that anyone with any sense knew wasn’t going to last.

Also, none of these guys had any issue gouging collectors and spoiling the hobby.

Do you think any of these guys give a sh** about you or any other collectors? All they wanted to do was lease lambos, eat expensive dinners at Salt Bae’s place, and post all of it on insta and YouTube.

Good riddance to these guys.

hello93 · 30 December 2022, 04:20 PM

Quote:

Originally Posted by Screwly

Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents…

Sent from my iPhone using Tapatalk

I'm with you on this one. Some people in this thread can't fathom the idea of people taking advantages of markets. Can't knock the hustle.

Vince_76 · 30 December 2022, 04:50 PM

Quote:

Originally Posted by psm11

Oh come on… I have zero sympathy for someone that hitched their wagon to something that anyone with any sense knew wasn’t going to last.

Also, none of these guys had any issue gouging collectors and spoiling the hobby.

Do you think any of these guys give a sh** about you or any other collectors? All they wanted to do was lease lambos, eat expensive dinners at Salt Bae’s place, and post all of it on insta and YouTube.

Good riddance to these guys.

Perfectly said. LOL at Salt Bae - his steaks are trash. All gimmick

Swiftneck · 30 December 2022, 06:22 PM

Quote:

Originally Posted by Vince_76

100% agree. Additionally, many of these guys preyed on uneducated folks with “to the moon”, “this is an investment piece” etc. no sympathy here. There are people with far more noble causes that need sympathy.

Hope they BK as well

and many still do.. Even though there are not many listening anymore..

Sendt fra min SM-F711B med Tapatalk

30 December 2022, 05:22 AM	#2410
Vince_76 "TRF" Member Join Date: Apr 2020 Location: Orange County Posts: 1,904	Full set RG olive DD 2020 sitting at 46.8k Definitely a recent low. No tested bottom…the decline still has a loooong way to go. __________________ AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1

30 December 2022, 08:54 AM	#2415
Screwly "TRF" Member Join Date: May 2020 Real Name: Screwly Location: USA Watch: “Pepsi” Posts: 2,369	Man, some of you are harsh wishing for people’s demise just so you can get a watch at retail. I get it I guess, but I’m the kind of person that doesn’t wish ill will on anyone. I believe in a thing called karma. You can hope for prices to get back to norm, but don’t wish anything bad on the backpack flipper. Just my 2 cents… Sent from my iPhone using Tapatalk __________________ IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial

29 December 2022, 10:26 AM	#2402
eijiboy Banned Join Date: Sep 2015 Location: everywhere Posts: 849	bnib rg dd olive dial now at 48.5. just sold

29 December 2022, 11:46 AM	#2404
Vince M. Banned Join Date: Jun 2022 Location: LA Watch: Meteorite Posts: 615	I also seen a freshly dated solid white gold/blue dial Daytona for 40k with no buyers. I think thats cheaper than msrp + tax.

29 December 2022, 12:07 PM	#2405
gsingh0317 "TRF" Member Join Date: Dec 2022 Location: Utah, USA Posts: 32	Seeing brand new (12/22) Panda steel Daytona's (116500LN) go for about $29-30k on the grey market right now

30 December 2022, 12:28 AM	#2407
Vince M. Banned Join Date: Jun 2022 Location: LA Watch: Meteorite Posts: 615	The blue/white gold was one of the John Mayer watches.

30 December 2022, 08:39 AM	#2414
aa909 Banned Join Date: Feb 2009 Location: USA Posts: 530	This week I saw 2 separate “selling to pay the bills” posts. The next leg down begins

30 December 2022, 10:10 AM	#2424
Kevbo "TRF" Member Join Date: Dec 2021 Location: Sydney Posts: 2	In the UK certain AD is able to source two tone Explorer and DJ for walk-in customers. It seems that time is up for the back-pack grey market dealers.

30 December 2022, 12:59 PM	#2426
Vince M. Banned Join Date: Jun 2022 Location: LA Watch: Meteorite Posts: 615	I think its safe to say all of us in the hobby were completely fine with modest gains over the long term on our pieces and negotiating a good percentage down from msrp without buying unwanted things. No matter what, weak hands will fold and " we " will still be here, enjoying our watches and eyeing the next move.

Currently Active Users Viewing This Thread: 4 (0 members and 4 guests)