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

[Screwly]

Originally Posted by Watchwoody

BLNR 14.5 - 17k
Panda 25.5-30k

Pandas been sitting around that range for a little bit now. Not sure how much further it has to go


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[ThatOtherGuy7]

Originally Posted by Watchwoody

BLNR 14.5 - 17k
Panda 25.5-30k

Thank you. Think it’s possible to negotiate a BLNR to $13-13.5K like new or BNIB condition? How about $19K for Panda?

[Rolextellstime]

Originally Posted by ThatOtherGuy7

Thank you. Think it’s possible to negotiate a BLNR to $13-13.5K like new or BNIB condition? How about $19K for Panda?

Give it a try and let us know how that goes....

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[daveo5]

Originally Posted by padi56

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

Hear hear. Agree completely.


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[Vince M.]

Originally Posted by ThatOtherGuy7

Thank you. Think it’s possible to negotiate a BLNR to $13-13.5K like new or BNIB condition? How about $19K for Panda?

I would start offering.

[Vince_76]

Originally Posted by Watchwoody

BLNR 14.5 - 17k
Panda 25.5-30k

+1

Originally Posted by ThatOtherGuy7

Thank you. Think it’s possible to negotiate a BLNR to $13-13.5K like new or BNIB condition? How about $19K for Panda?

Yes, it’s a buyers market and you are within striking distance. I’ve been surprised by how many dudes have hit me up, following up on inquiries I made weeks/month back, looking for an offer.

[ThatOtherGuy7]

How do I join Moda? Lol do I need a FB account?

[ronricks]

Originally Posted by ThatOtherGuy7

Thank you. Think it’s possible to negotiate a BLNR to $13-13.5K like new or BNIB condition? How about $19K for Panda?

It's definitely a buyers market. As we go deeper into 2023 it will continue to be even more of a buyers market.

[mwc5k]

Originally Posted by steeevvvooo

I see the point now, got it. Your reply was to someone suggesting stuff IS selling otherwise prices would be even lower. Maybe I've confused things :)

My reply was probably more relevant to provide a possible reason why some watches are instantly unavailable/sold IF there is spoofing going on. Not saying there is, as it's a big accusation... I'm sure the watches were just well priced (before the lawyers come for me!) :)

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They could be looking for free information, no idea though.

[jgrae]

Originally Posted by ThatOtherGuy7

How do I join Moda? Lol do I need a FB account?

Yes, you need a FB acct. A friend without one tried to register a new FB account and he was denied -- Moda at least needs a picture.

[ThatOtherGuy7]

Originally Posted by jgrae

Yes, you need a FB acct. A friend without one tried to register a new FB account and he was denied -- Moda at least needs a picture.

Ah, okay. I don’t use FB and don’t want to create an account. Will reach out to the resellers on here and see what they can do. Thanks!

[911AP]

Originally Posted by Crown & Shield

Read my post again. I was commenting on another post that seemed to imply that greys were trying to drive the market down, hence my perplexity.

The watch market is proven to be susceptible to manipulation. I think we can all agree on that. Whether it's up or down is irrelevant. People have motives. So far all the watches posted in this forum from Moda have been busted watches that no one would buy.

But people are posting prices for new ones, albeit not posting images of those listings..... So if there are new ones sitting on Moda for these "great deals" it's weird that no one is biting.

We've seen when a small group of rebels with GameStop and AMC could do to a market as huge and as liquid as the stock market. Whose to say a small group of dealers can't be doing the same to crash the watch market using Moda?

Right now I don't see any deals ANYWHERE like what is posted in this thread that comes from Moda. All the big grey dealers still selling watches for .5-2x retail.

This is just food for thought. As I said, if no one truly is buying.....the market should be way worse. We should be back at retail or even below right now then.

[*M5]

I'd also like to contribute my findings from Moda. Joined over a month ago.

I am a buyer right now for several models from Rolex, AP and Patek.

The listings that are on the cheaper side on MODA are NOT watches I would buy, they look either polished to death, beat up, missing links, papers etc OR they sell VERY fast.

As for the rest, there are plenty of SS Daytonas in the 25-30 range but that is still significant over MSRP.

I only joined MODA because of all the talk in this particular thread but to me personally there are not a lot of great deals to be had.


This is not to say that the market may not be coming down, but to draw attention that MODA is not entirely representative of the market in my eyes as the stock for sale there may not be for the average buyer.

Even if dealers deal there, when you turn around and shop on Chrono24 or Grey big websites, well we alk know how those prices are looking.


MODA is more like the auction block for cars, dealers can turn around, add links, polish, add a box and ask for a bigger premium afterwards, cause most of those watches are seriously sketchy.

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[Vince_76]

Originally Posted by 911AP

The watch market is proven to be susceptible to manipulation. I think we can all agree on that. Whether it's up or down is irrelevant. People have motives. So far all the watches posted in this forum from Moda have been busted watches that no one would buy.

But people are posting prices for new ones, albeit not posting images of those listings..... So if there are new ones sitting on Moda for these "great deals" it's weird that no one is biting.

We've seen when a small group of rebels with GameStop and AMC could do to a market as huge and as liquid as the stock market. Whose to say a small group of dealers can't be doing the same to crash the watch market using Moda?

Right now I don't see any deals ANYWHERE like what is posted in this thread that comes from Moda. All the big grey dealers still selling watches for .5-2x retail.

This is just food for thought. As I said, if no one truly is buying.....the market should be way worse. We should be back at retail or even below right now then.

Not really. Call a dealer and see what they’d offer you for some pieces. Either consignment or major lowball.

As for MODA, there’s plenty of mint/BNIB stock. And note that most active participants are brick and mortar greys/TRF trusted sellers/reputable dealers.

[jgrae]

Originally Posted by *M5

The listings that are on the cheaper side on MODA are NOT watches I would buy, they look either polished to death, beat up, missing links, papers etc OR they sell VERY fast.

As for the rest, there are plenty of SS Daytonas in the 25-30 range but that is still significant over MSRP.


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I also got on Moda a few weeks ago based on this thread and I've generally been pretty impressed. I was mainly looking out for PM Rolexes which seem to me to be a bit easier to buy this "car auction-like way" since they're not rare/collectible and, for the most part, anything can be serviced to like-new.

So in your opinion, the deals that sit there aren't great and the good ones sell quick? Can't really knock MODA for that.

I get the distinct impression that even if you're not necessarily impressed by MODA all the dealers you would potentially buy from are paying very close attention and taking the sales seriously.

[*M5]

Originally Posted by jgrae

I also got on Moda a few weeks ago based on this thread and I've generally been pretty impressed. I was mainly looking out for PM Rolexes which seem to me to be a bit easier to buy this "car auction-like way" since they're not rare/collectible and, for the most part, anything can be serviced to like-new.



So in your opinion, the deals that sit there aren't great and the good ones sell quick? Can't really knock MODA for that.



I get the distinct impression that even if you're not necessarily impressed by MODA all the dealers you would potentially buy from are paying very close attention and taking the sales seriously.

PM Rolex are very close to MSRP in general, regardless of source from what I have seen.

I guess to me, until I see the prices on Chrono24 and Gray websites change drastically, I do not really see this big downfall that everyone is talking about.

Yes it has calmed down, yes a lot of dealers may have stock sitting, but noone is budging. Not in the public sphere anyways.




They must be selling something though....


And as usual, no stock with the ADs, so not much change.

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[Conway]

Speculation is a waste of time, everyone has an opinion, the only test that stands up to scrutiny is to try and sell a watch to a dealer and see what they offer. Chrono24 prices are way, way off, it tells me that a 2022 126610LN is 42% up from MRRP, but no dealer I know will even offer MRRP.

More examples, 216570, I've got one BNIB, no dealer will offer retail.
If you want a real shock then try and sell a 5712 to a dealer

The value is imaginary until you try and sell one, then you'll see the real value. Money talks and BS walks.

[Vince_76]

Originally Posted by Conway

Speculation is a waste of time, everyone has an opinion, the only test that stands up to scrutiny is to try and sell a watch to a dealer and see what they offer. Chrono24 prices are way, way off, it tells me that a 2022 126610LN is 42% up from MRRP, but no dealer I know will even offer MRRP.

More examples, 216570, I've got one BNIB, no dealer will offer retail.
If you want a real shock then try and sell a 5712 to a dealer

The value is imaginary until you try and sell one, then you'll see the real value. Money talks and BS walks.

Exactly. The best barometer we have. People who do not know this pricing/haven’t personally called and gone through the exercise are unqualified to discuss market price IMO

[Mathematoxic]

Originally Posted by Conway

Speculation is a waste of time, everyone has an opinion, the only test that stands up to scrutiny is to try and sell a watch to a dealer and see what they offer. Chrono24 prices are way, way off, it tells me that a 2022 126610LN is 42% up from MRRP, but no dealer I know will even offer MRRP.

More examples, 216570, I've got one BNIB, no dealer will offer retail.
If you want a real shock then try and sell a 5712 to a dealer

The value is imaginary until you try and sell one, then you'll see the real value. Money talks and BS walks.

Fully agree. To those who thinks the market is starting to boom again, try selling a watch to any grey dealers/Chrono24 or whatsoever platforms. You won’t know the real value until you try this haha.

[EEpro]

Who are these straw men that think the market is booming again?

I see the same people posting about them over and over here but never see any posts on the other side.

[Vince_76]

Originally Posted by EEpro

Who are these straw men that think the market is booming again?

I see the same people posting about them over and over here but never see any posts on the other side.

They are simply out of touch with reality. Simple as that.

[onyourbikes]

https://www.kijiji.ca/v-jewelry-watc...lnr/1615040898

https://www.kijiji.ca/v-jewelry-watc...lnr/1633987281

Here's a perfect example of out of touch with reality.
MSRP is about $12,500 here with 5% tax.

He has a bunch of watches that he's been reposting at these crazy prices for months.

[sudo_root]

Just look at watchcollecting.com, so many listings with “reserve lowered” a massive volume of “reserve not met” and look at the sold section, the market is sinking every single day.

[messikens]

Originally Posted by onyourbikes

https://www.kijiji.ca/v-jewelry-watc...lnr/1615040898

https://www.kijiji.ca/v-jewelry-watc...lnr/1633987281

Here's a perfect example of out of touch with reality.
MSRP is about $12,500 here with 5% tax.

He has a bunch of watches that he's been reposting at these crazy prices for months.

LoL classic. 27k for a BLNR... I hope it comes with a time machine that beams him back to Feb '22


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[onyourbikes]

Originally Posted by messikens

LoL classic. 27k for a BLNR... I hope it comes with a time machine that beams him back to Feb '22


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and $43k for a doytona...

https://www.kijiji.ca/v-jewelry-watc...0ln/1633987635

I'm tempted to message him and say when he actually wants to get serious about selling let's talk......

[huncho]

Originally Posted by EEpro

Who are these straw men that think the market is booming again?

I see the same people posting about them over and over here but never see any posts on the other side.

they don't exist. no one on here is saying prices are going up so i don't know who they're referring to either. right now all the price threads are flooded with doomsday posts about how prices will be going down all of 2023 lol

[Mr Ben]

Originally Posted by onyourbikes

and $43k for a doytona...

https://www.kijiji.ca/v-jewelry-watc...0ln/1633987635

I'm tempted to message him and say when he actually wants to get serious about selling let's talk......

He’s probably getting excited today because his watches have actually got a few views and his website has traffic. He might be less excited to know it’s people laughing at these prices…

[Screwly]

Originally Posted by huncho

they don't exist. no one on here is saying prices are going up so i don't know who they're referring to either. right now all the price threads are flooded with doomsday posts about how prices will be going down all of 2023 lol

Bear market for sure


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[ThatOtherGuy7]

Local AD(s) said demand is still very high. Don’t know if I should believe them or there is still truth to that. Is the veil of scarcity still up or are people still buying Rolex left and right?

[Trailboss516]

Originally Posted by ThatOtherGuy7

Local AD(s) said demand is still very high. Don’t know if I should believe them or there is still truth to that. Is the veil of scarcity still up or are people still buying Rolex left and right?

Demand will always be high for some markets & some models, the way it always has been. However, I'm sure the ADs are instructing staff to avoid saying things like "oh my goodness it is CRICKETS!" or "Well, you're the 11th person I had to call to sell this watch!" It is in their interest to milk this as long as possible and maintain that air of exclusivity. If all of a sudden everything is available for everyone, the allure will likely vanish. What good would it do for an AD or SA to say the market is down?