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harvey · 12 April 2008, 03:57 AM

a slew of economic and retailing figures suggests that people are becoming more cautious and shying away from "big ticket" purchases. Will this climate in anyway put a squeeze on your rolex spending for this year?

JJ Irani · 12 April 2008, 03:58 AM

Quote:

Originally Posted by harvey.eu

a slew of economic and retailing figures suggests that people are becoming more cautious and shying away from "big ticket" purchases. Will this climate in anyway put a squeeze on your rolex spending for this year?

It could....for some of us.

JJ

BigHat · 12 April 2008, 04:02 AM

The aspect I'm most interested in is if the market forces / poor sales will lead to discounts at the ADs. Personally, I doubt it. The economy isn't as bad as the Dems would like you to think.

frostie · 12 April 2008, 04:05 AM

Well no new purchases for me this year but next year there is going to be something special

seantk · 12 April 2008, 04:07 AM

I do not know yet. I am waiting for price confirmation on the Sea Dweller-Deep Sea. However, I do feel I should be more subjective to any "unnecessary" spending

Sean

harvey · 12 April 2008, 04:10 AM

i have to admit it wont stop me buying the rolex watch(es) i had in mind for this year; but this has only come about as a result of me cutting back on other expenditure!

koevoet · 12 April 2008, 04:21 AM

Whilst it does appear that we are headed towards a recession of some degree,I shall still be buying my Sea Dweller or Sub date. Much to the disgust of the wife,although the degree of disgust will be moderated by a new bedroom suite and re-carpeting the entire upstairs of the house! might as well be hung for a sheep as a lamb!! lol....big issue! buy your big issue here!!

McQ · 12 April 2008, 04:22 AM

I wouldn't hesitate to buy a new watch if it "smiled" at me. As Matt said, I don't think the economy is as bad as some would have us think.

CoopJr · 12 April 2008, 04:24 AM

Quote:

Originally Posted by BigHat

The economy isn't as bad as the Dems would like you to think.

Here we go.

oneillba · 12 April 2008, 04:25 AM

Well since I lost my job due to corporate cut backs, I think I will hold off on any luxury purchases for a while. I did get a generous package, but the party is over. 50 YO and back in the job hunting mode simply sucks. BTW, life is still good. It beats the alternative.

BillA · 12 April 2008, 04:32 AM

I'm not sure we can gauge from purchasers by "enthusiasts", I'm sure we make up no more than 1% of Rolex purchases at AD's.

spogehead · 12 April 2008, 04:36 AM

Quote:

Originally Posted by seantk

I do not know yet. I am waiting for price confirmation on the Sea Dweller-Deep Sea. However, I do feel I should be more subjective to any "unnecessary" spending

Sean

Got the Deep Sea priced at £4750 from my AD.

In reply to OP...maybe but I gotta get me a GMT IIc....

DSJ · 12 April 2008, 04:37 AM

Quote:

Originally Posted by frostie

Well no new purchases for me this year but next year there is going to be something special

Yes, she's made of natural feeling rubber!

frostie · 12 April 2008, 04:38 AM

Quote:

Originally Posted by DSJ

Yes, she's made of natural feeling rubber!

bran319 · 12 April 2008, 04:41 AM

I won't be purchasing anything this year but that is only because I'm very satisfied with my 16710 and 1601. I will say however the past few times I've been in my AD it was dead. Maybe one other person in the store.

SSD · 12 April 2008, 04:51 AM

The economy hurts less than the new prices, but it certianly doesn't help.

Jimbits76 · 12 April 2008, 05:04 AM

Quote:

Yes, she's made of natural feeling rubber!

Velitsko is getting a Real Doll??????? Woohoo.

Just kidding!!!!!

I wasn't planning to get another Rolex this year although I may get a Moonwatch. Economy is shaky tho...arch. techs are usually first to go in the construction industry if there is a recession....will wait and see before laying any money down!

J

roadcarver · 12 April 2008, 05:09 AM

I'm hunkering down myself just in case. I don't know about the upcoming job cuts at my work place so I'm just not spending too much that is outside of the range of necessities.

oneillba · 12 April 2008, 05:11 AM

Quote:

Originally Posted by roadcarver

I'm hunkering down myself just in case. I don't know about the upcoming job cuts at my work place so I'm just not spending too much that is outside of the range of necessities.

Keep your head down and dodge the bullets. Wish you the best.

JBat · 12 April 2008, 05:12 AM

Quote:

Originally Posted by BigHat

The aspect I'm most interested in is if the market forces / poor sales will lead to discounts at the ADs. Personally, I doubt it. The economy isn't as bad as the Dems would like you to think.

Agreed about the economy. We are in a downturn, but it's not the pending catastrophe that many would have us believe. The "credit crunch" isn't what would keep me from buying a new watch, but the $5-6K price tag might. I have a wedding coming up and, frankly, a new watch has a pretty low priority right now. I'd say I wouldn't buy an expensive new watch more than every 2-3 years, regardless of the current state of the economy. Just in the name of financial responsibility.

Perdu · 12 April 2008, 05:27 AM

Quote:

Originally Posted by oneillba

Well since I lost my job due to corporate cut backs, I think I will hold off on any luxury purchases for a while. I did get a generous package, but the party is over. 50 YO and back in the job hunting mode simply sucks. BTW, life is still good. It beats the alternative.

Good attitude Brian. It always works out in the end.

Rolex has passed my comfort level in what I am prepared to pay for a watch, but I don't rule out vintage models in years to come.

boa2 · 12 April 2008, 05:48 AM

http://www.guardian.co.uk/business/2...ef=patrick.net

Optimism is an enviable trait, but it cannot disguise the dismal numbers of this economy. Seen what GE reported today? Or Washington Mutual? $110 for a barrel of oil, and it'll cost you $1.59 to get a Euro. The numbers don't lie. This financial crisis has only just begun, and how you checked your voter registration card will have zero effect on mitigating its impact.

scottschoe · 12 April 2008, 06:16 AM

Quote:

Originally Posted by harvey.eu

a slew of economic and retailing figures suggests that people are becoming more cautious and shying away from "big ticket" purchases. Will this climate in anyway put a squeeze on your rolex spending for this year?

Not at all.

Troy · 12 April 2008, 06:21 AM

Just bought a Omega Sea master Planet ocean from a fellow trf member today what crunch
oh yeah I'm in Canada...lol just kidding it was Hamilton's I bought his Acutron also now if someone sell me a deep sea I will be happy have a very,very,very deep bathtub........lol

Rockrolex · 12 April 2008, 06:27 AM

I can't say it's the economy that has slowed down my watch buying. I just haven't seen anything recently that has me saying "I absolutely must have that piece, and damn the consequences." Should I run across the watch that does that for me, no doubt the plastic will pop out and the frequent flyer miles bank will get a boost.

f16570 · 12 April 2008, 06:34 AM

Will the downturn really curb the collector? NO.
Will it curb Jo Bloggs? You Bet.

ohsixx · 12 April 2008, 06:53 AM

It impacts my savings/investments, but not my income! Looking for a deal now. Missed one a few days ago.

JBat · 12 April 2008, 07:12 AM

Quote:

Originally Posted by boa2

http://www.guardian.co.uk/business/2...ef=patrick.net

Optimism is an enviable trait, but it cannot disguise the dismal numbers of this economy. Seen what GE reported today? Or Washington Mutual? $110 for a barrel of oil, and it'll cost you $1.59 to get a Euro. The numbers don't lie. This financial crisis has only just begun, and how you checked your voter registration card will have zero effect on mitigating its impact.

Economies go up, economies go down. It's what they do. Period. If you want to take the negative tack that the whole shebang is about to collapse, be my guest. Me, I'll stay positive with the realization that this country and its economy has, and always will, pull through. You take the good with the bad.

gmt 16750 · 12 April 2008, 07:35 AM

No plans to buy any more watches in 2008 for two reasons:
1) already bought 3 this year (s/hand)
and
2) there's a 'mini-me' due in approx. 3.5 weeks so my priorities have shifted somewhat.......

Scooby · 12 April 2008, 07:42 AM

Our vacation cruise throught the Panama Canal has curbed my watch buying this year. Economy doesn't affect my job one bit.

12 April 2008, 03:57 AM	#1
harvey "TRF" Member Join Date: Apr 2008 Location: rolexforums.com Posts: 5,426	feeling the spending squeeze as a result of the credit crunch? a slew of economic and retailing figures suggests that people are becoming more cautious and shying away from "big ticket" purchases. Will this climate in anyway put a squeeze on your rolex spending for this year?

12 April 2008, 04:05 AM	#4
frostie 1,000,000th PostMember Join Date: Jun 2007 Location: Earth Posts: 14,048	Well no new purchases for me this year but next year there is going to be something special __________________ GMT - Master II C - 116710 LN

12 April 2008, 04:07 AM	#5
seantk "TRF" Member Join Date: Dec 2007 Real Name: Sean Location: West Florida Posts: 2,671	I do not know yet. I am waiting for price confirmation on the Sea Dweller-Deep Sea. However, I do feel I should be more subjective to any "unnecessary" spending Sean __________________ "Life is frittered away with detail... simplify, simplify!" Henry D. Thoreau

12 April 2008, 04:21 AM	#7
koevoet "TRF" Member Join Date: Jan 2008 Location: Scotland Posts: 81	Whilst it does appear that we are headed towards a recession of some degree,I shall still be buying my Sea Dweller or Sub date. Much to the disgust of the wife,although the degree of disgust will be moderated by a new bedroom suite and re-carpeting the entire upstairs of the house! might as well be hung for a sheep as a lamb!! lol....big issue! buy your big issue here!! __________________ Never argue with a fool,he will only bring you down to his level and beat you with experience!

12 April 2008, 04:25 AM	#10
oneillba "TRF" Member Join Date: Apr 2008 Real Name: Brian Location: Hamilton, MI USA Watch: My beloved TT DJ Posts: 3,831	Well since I lost my job due to corporate cut backs, I think I will hold off on any luxury purchases for a while. I did get a generous package, but the party is over. 50 YO and back in the job hunting mode simply sucks. BTW, life is still good. It beats the alternative. __________________ My Trusty TT DJ

12 April 2008, 04:02 AM	#3
BigHat Banned Join Date: Sep 2007 Real Name: Matt Location: Arlington, VA Watch: Lange One MP Posts: 4,043	The aspect I'm most interested in is if the market forces / poor sales will lead to discounts at the ADs. Personally, I doubt it. The economy isn't as bad as the Dems would like you to think.

12 April 2008, 04:10 AM	#6
harvey "TRF" Member Join Date: Apr 2008 Location: rolexforums.com Posts: 5,426	i have to admit it wont stop me buying the rolex watch(es) i had in mind for this year; but this has only come about as a result of me cutting back on other expenditure!

12 April 2008, 04:22 AM	#8
McQ "TRF" Member Join Date: Dec 2007 Real Name: Bill Location: PA, USA Watch: Sub LV Posts: 72	I wouldn't hesitate to buy a new watch if it "smiled" at me. As Matt said, I don't think the economy is as bad as some would have us think.

12 April 2008, 04:32 AM	#11
BillA 2024 Pledge Member Join Date: Mar 2007 Location: US Posts: 3,869	economy and watch purchases I'm not sure we can gauge from purchasers by "enthusiasts", I'm sure we make up no more than 1% of Rolex purchases at AD's.

12 April 2008, 04:41 AM	#15
bran319 Member Join Date: May 2006 Location: Indiana Posts: 108	I won't be purchasing anything this year but that is only because I'm very satisfied with my 16710 and 1601. I will say however the past few times I've been in my AD it was dead. Maybe one other person in the store.

12 April 2008, 04:51 AM	#16
SSD "TRF" Member Join Date: Jul 2007 Real Name: Jamie Location: Georgia Watch: Stainless Sub Date Posts: 3,023	The economy hurts less than the new prices, but it certianly doesn't help. __________________ SUBMARINER OWNERS' CLUB ESTABLISHED 1953 TRF Member # 5464

12 April 2008, 05:09 AM	#18
roadcarver "TRF" Member Join Date: Aug 2006 Real Name: Vernon Location: C-a-n-a-d-a Watch: 16600 Posts: 5,641	I'm hunkering down myself just in case. I don't know about the upcoming job cuts at my work place so I'm just not spending too much that is outside of the range of necessities. __________________ I'm just a cook...

12 April 2008, 05:48 AM	#22
boa2 2024 Pledge Member Join Date: Oct 2007 Location: Utah Watch: Lover Posts: 3,892	Not so bad, eh? http://www.guardian.co.uk/business/2...ef=patrick.net Optimism is an enviable trait, but it cannot disguise the dismal numbers of this economy. Seen what GE reported today? Or Washington Mutual? $110 for a barrel of oil, and it'll cost you $1.59 to get a Euro. The numbers don't lie. This financial crisis has only just begun, and how you checked your voter registration card will have zero effect on mitigating its impact.

12 April 2008, 06:21 AM	#24
Troy Banned Join Date: Oct 2007 Real Name: Troy Location: Calgary, Alberta Watch: Tudor Sub. 7928 Posts: 1,275	Just bought a Omega Sea master Planet ocean from a fellow trf member today what crunch oh yeah I'm in Canada...lol just kidding it was Hamilton's I bought his Acutron also now if someone sell me a deep sea I will be happy have a very,very,very deep bathtub........lol

12 April 2008, 06:27 AM	#25
Rockrolex TRF Moderator & 2024 SubLV41 Patron Join Date: May 2005 Real Name: God Location: Washington, D.C. Watch: What do you think? Posts: 37,938	I can't say it's the economy that has slowed down my watch buying. I just haven't seen anything recently that has me saying "I absolutely must have that piece, and damn the consequences." Should I run across the watch that does that for me, no doubt the plastic will pop out and the frequent flyer miles bank will get a boost. __________________ Despite the high cost of living, it's still very popular. *Tosser Cabinet Member* Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019

12 April 2008, 06:34 AM	#26
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	Will the downturn really curb the collector? NO. Will it curb Jo Bloggs? You Bet. __________________ Why have what's new when you have what's best. f

12 April 2008, 06:53 AM	#27
ohsixx "TRF" Member Join Date: Sep 2006 Real Name: Mark Location: Florida Watch: Make a guess! Posts: 1,515	It impacts my savings/investments, but not my income! Looking for a deal now. Missed one a few days ago. __________________ 16613 Submariner 116523 Daytona Panerai 104 "Speedy Pro"

12 April 2008, 07:35 AM	#29
gmt 16750 "TRF" Member Join Date: Jan 2007 Real Name: Neil Location: Borders, Scotland Watch: what your doing. Posts: 970	No plans to buy any more watches in 2008 for two reasons: 1) already bought 3 this year (s/hand) and 2) there's a 'mini-me' due in approx. 3.5 weeks so my priorities have shifted somewhat....... __________________

12 April 2008, 07:42 AM	#30
Scooby Member Join Date: Dec 2006 Real Name: Darren Location: Virginia, USA Watch: GMT Posts: 923	Our vacation cruise throught the Panama Canal has curbed my watch buying this year. Economy doesn't affect my job one bit.

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