Rolex price in the grey market is still dropping

[solowarrior]

Felt the Rolex price in the grey market is still dropping... I have been keeping an eye on the blue sky dweller for several months now. The price is now down to $22K USD. Someone can probably get it around $21K... which is already lower than the pre-pandemic price.

[Miker86]

That’s been particularly hard hit. Was seeing them for £32k around April/May.

[gmtmister]

What’s the point of another thread about prices falling?

[GGGMT]

Originally Posted by Ale

What’s the point of another thread about prices falling?

Exactly. Oh, quick update: prices are still falling.


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[Apheaven]

Originally Posted by GGGMT

Exactly. Oh, quick update: prices are still falling.


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Since when? You must be misinformed!


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[Rolexatlast]

Originally Posted by Ale

What’s the point of another thread about prices falling?

Didn’t seem a problem when we had multiple threads about rising prices

[TexEd]

I haven't been in the market to purchase in about a year so yes, this topic is of interest to me. My next purchase will be the 126711chnr and I am keenly interested in knowing the market. I know certain luxury cars are falling and homes are also softening. I do want a feel for the market. Thanks

[sski]

all i have to say is this: 'It's happening!' (indeed)

[GGGMT]

Anyone have a sense of what the grey market is doing?


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[eijiboy]

[QUOTE=GGGMT;12426761]Anyone have a sense of what the grey market is doing?

Still dropping particularly PM pieces. Now you can buy one at grey for less at ad if you factor in the tax

[solowarrior]

Originally Posted by GGGMT

Anyone have a sense of what the grey market is doing?


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The grey market dealers are holding their pieces as long as they can. But, more and more dealers cannot hold it anymore, so they started to lower the price. It has always about the cash flow for the dealers. I don't think they can hold any longer for the pieces they bought at higher price a couple of months ago. We probably gonna see dramatical drop in the next a couple of months or so. Let's see... lol

[Rolexatlast]

[AdamW]

Originally Posted by Rolexatlast

Didn’t seem a problem when we had multiple threads about rising prices