After looking at the Buy and Sell section of our forum..Are we really in Recession??

[bodybump]

Hey guys dont you notice something in the buy and sell section of our forum??Almost all the watches being auction on that section are so cheap...i mean Deepsea's,GV,LV,PAM,SUBS,GMTIIC etc etc...almost all the prices are so tempting...but the question is "how come nobody's buying"??I this happened 2-3 years ago...this watches will be gone as soon as its posted..but now some has been there for 1 months ans still not sold...I wish i really have the extra cash....Do you guys feel the tightness of the money too?? Any thoughts??

[onkyo]

Look on any watch forum. The same watches are being offered for sale day after day, week after week, and now month after month. Look at the sellers past posts and you will see what I mean. Nothing is moving. Prices have fallen to such low levels on everything except the true collector pieces (paul newman daytona's for example).

I personally haven't felt the pinch in my work. My brother, on the other hand, works in downtown Manhattan and has taken a big hit in salary and at the same time an increase in work load.

Obama will fix it all

[Bisquitlips]

I think people are a bit timid right now. I don't expect the real impact to the economy to be apparent until June 2009. At that point it will be vividly real where we are headed from a fiscal standpoint.

The pucker factor is very high right now for most of us.

[Trurolexer]

I think almost Everyone get recession. But still in normal situation.

[bodybump]

Originally Posted by onkyo

Look on any watch forum. The same watches are being offered for sale day after day, week after week, and now month after month. Look at the sellers past posts and you will see what I mean. Nothing is moving. Prices have fallen to such low levels on everything except the true collector pieces (paul newman daytona's for example).

I personally haven't felt the pinch in my work. My brother, on the other hand, works in downtown Manhattan and has taken a big hit in salary and at the same time an increase in work load.

Obama will fix it all

I know i went to TZ and just out of curiosity i went 2 months back of their sale forum..and ask for a Pam 88 for $3900 if it is still available..damn i got my respond Yes it is!!! WOW!!

[bodybump]

Originally Posted by Trurolexer

I think almost Everyone get recession. But still in normal situation.

I dont think you feel it TR!!! hahahahaah you just bought 3 pams in a span of 2 months or weeks???? correct me if im wrong...

[bodybump]

Originally Posted by Bisquitlips

I think people are a bit timid right now. I don't expect the real impact to the economy to be apparent until June 2009. At that point it will be vividly real where we are headed from a fiscal standpoint.

The pucker factor is very high right now for most of us.

I guess your right Richard especially here in the US...but just looking at the sales forum..it make me feel like getting a 2nd job just to get the watch hahahahahah

[Trurolexer]

Originally Posted by bodybump

I dont think you feel it TR!!! hahahahaah you just bought 3 pams in a span of 2 months or weeks???? correct me if im wrong...

Actually 2 PAMs, canceled the 232.

[onkyo]

Originally Posted by bodybump

I know i went to TZ and just out of curiosity i went 2 months back of their sale forum..and ask for a Pam 88 for $3900 if it is still available..damn i got my respond Yes it is!!! WOW!!

I used to check TZ all the time. Now it is boring. It's the same watches listed over and over esp in the Luxury Time section. Just boring!

[bodybump]

Originally Posted by onkyo

I used to check TZ all the time. Now it is boring. It's the same watches listed over and over esp in the Luxury Time section. Just boring!

Not much too see...actually im looking for a pre owned GV. There might be someone selling it preowned...

[Trurolexer]

I don't know why GV value is going down lately. so sad...

[Trurolexer]

Also preowned Daytona. I'm not joking.

[bodybump]

Originally Posted by Trurolexer

I don't know why GV value is going down lately. so sad...

Yup TR..it wen down lately...the hype is over in some people on the GV..i guess it happens to all New Rolex that comes out...

[bodybump]

Originally Posted by Trurolexer

Also preowned Daytona. I'm not joking.

if your serious about buying a daytona and talk to a AD they will actually give you a good discount...but in some watch forum..its way to cheap compared to an AD..

[ROLEX MAN]

Things are tight, and that is that.

at the moment I can't buy anything!

[2careless]

I used to buy watches from my stock market profits. This has dried up somehow
Workwise, our headquarters announced global reduction of like 17000 heads back in May 2008. Unfortunately they won't offer me a package because I'm too expensive to be made redundant.

[bodybump]

Originally Posted by ROLEX MAN

Things are tight, and that is that.

at the moment I can't buy anything!

I can feel it too martin..Too many watch..so little Cash hahahaha

[bodybump]

Originally Posted by 2careless

I used to buy watches from my stock market profits. This has dried up somehow
Workwise, our headquarters announced global reduction of like 17000 heads back in May 2008. Unfortunately they won't offer me a package because I'm too expensive to be made redundant.

Wow...you can be a winner on stocks and a looser too...

[Perpetuator]

Originally Posted by onkyo

I used to check TZ all the time. Now it is boring. It's the same watches listed over and over esp in the Luxury Time section. Just boring!

I'm with you on that one, same thing on the Sales Corner section.

[bodybump]

Originally Posted by Perpetuator

I'm with you on that one, same thing on the Sales Corner section.

wow...is it also the same outside the forums?? I mean its season time and i mean there is still a big market there right??

[Rolexshirts]

I am still buy and selling on E-bay get a few more options

[bodybump]

Originally Posted by Rolexshirts

I am still buy and selling on E-bay get a few more options

Just be very very careful on Ebay buddy....a lot of lesson learn from here..

[eltonbalch]

Originally Posted by Bisquitlips

I think people are a bit timid right now. I don't expect the real impact to the economy to be apparent until June 2009. At that point it will be vividly real where we are headed from a fiscal standpoint.

The pucker factor is very high right now for most of us.

It's almost impossible to project even six month out these days--it's like trying to call the bottom in the stock market. I have taken advantage of several watch "bargains" from the various sales forms; prices may head even lower though I can't imagine I could beat the deals I made by much more. Oh well...at least I'll be able to tell time in style on the soup line....

[stevemulholland3]

I am doing a market test as we speak,just listed a tudor chrono at a dirt cheap price..lets see if it sits like everything else..

[springer]

Originally Posted by stevemulholland3

I am doing a market test as we speak,just listed a tudor chrono at a dirt cheap price..lets see if it sits like everything else..

Ha ha ha, that's funny Stevie.

[boyet]

I was planning to buy a watch before the year ends, but still contemplating, since local currency is getting weak.
(I'm considering saving till economy stabilized. Last year was'nt so bad.)

[teo]

Upset to see that all watches depreciate this badly.We pay huge price for the watches and now its dropping in price.

[taffytoon]

My works are laying off left right and centre at the minute. Didn't help we were bought out earlier this year and they are stripping staff like no tomorrow

We were told that by March 60% of middle management will be gone

I have never seen our town centre so quiet this near Christmas. This said I am still looking for a starter Rolex to go with my Tag, Omega and Breitling So if any of you got a cheap datejust going let me know.

Martin

[Duc-904]

A combination of factors obviously the biggest being the economy. I also see quite a few sellers not budging on top dollar prices and listing over and over and over...you get the idea!

[Bisquitlips]

This is a good time to purchase pre-loved Rolex's as they are also not at a premium. When they all start to go back up in value so will the pre-owned.