The markets finally cooling down ??????

[Macnavara]

Originally Posted by Lemonvr6

one watch sold for less markup in some random English town and the market is dropping?


lol

Leeds is not some random town believe me

[whitelightning]

Originally Posted by Jonesy2099

The market, by which you mean the grey market, consists of people that are willing to pay over MSRP/RRP for (usually) a SS Rolex. It’s true that this grey madness could all stop right now if people stopped paying silly money. The ‘official’ Rolex market has plenty of watches on offer outside of 3-4 hot models. There are even rival brands that offer perfectly good alternatives which you can get at a discount!

Agree with you, if people would quit paying these ridiculous prices, the market would settle down. I, for one, refuse to pay these inflated prices. If the people paying the inflated prices wolud stop, the market would correct and even they would have more to spend on more watches. As a consequence, my collection is not as large as I would like, but I enjoy wearing all of them. Rant over.

[peterpl]

Well I have had a obversation that the watch craze is slowing slightly as well.

My friends are talking less about Rolex's and for some reason on my instagram feeds there are far far less comments on new posts. Its like people are starting to become bored or something? There used to be 100s of comments on each post and 1000s of likes. Now a few hundred likes and < 50 posts.

Even myself I've stopped looking at Rolex posts now. Dont even click on the pictures anymore.

Dunno maybe I'm just noticing something thats not happening. LOL

[yonexsp]

What about AP Royal Oaks, are they slowing for them as well, as that's another hot model, along with Nautilus.

[patrickjb]

Just because we're speculating the downturn of the market, doesn't mean this isn't a speculation thread.

[broham84]

Originally Posted by yonexsp

What about AP Royal Oaks, are they slowing for them as well, as that's another hot model, along with Nautilus.

AP's operating model is the weakest of all compared to PP and Rolex. Their decision to take back the boutiques will come back and bite them hard one day. Bennahmias is full of himself.

[ALF61]

Originally Posted by peterpl

Well I have had a obversation that the watch craze is slowing slightly as well.

My friends are talking less about Rolex's and for some reason on my instagram feeds there are far far less comments on new posts. Its like people are starting to become bored or something? There used to be 100s of comments on each post and 1000s of likes. Now a few hundred likes and < 50 posts.

Even myself I've stopped looking at Rolex posts now. Dont even click on the pictures anymore.

Dunno maybe I'm just noticing something thats not happening. LOL

And here you are posting like crazy all posts along the same agenda.

[ALF61]

Originally Posted by garyfromleeds

I don't know if its me but from what im seeing here in the Uk the Rolex market is slowing and prices have rolled back a touch , for example a friend of mine owns a large watch shop and they just bought in a new steel Pepsi from a customer for 12k and resold the watch for £12,500 , yes only £500 wages for them but quick turnaround , thats how they work , that said not long ago that watch would be over 14k he said and he's also had a black ceramic Daytona on his shelfs for weeks asking just over 15k and no takers , that watch sat there 6 weeks or more , may be the tide is changing ??????

A random deal here and there is entirely possible. Don´t use it to determine a market trend though. This 12.5K purchase could easily turn into a 2.5-3K profit if the watch is mint and is offered to a grey.

[thewheel82]

Originally Posted by HesaliteTim

Man, it is around here. None in stores and waitlists of 4-6 months unless you have an established relationship with an AD.

I put my name on a "list" with every single AD in the Houston area after none had one in stock. After a week of waiting (I know, not very long....) I got annoyed with the lack of supply and bought a new in box one from member mdgrwl for $60 over what my out the door cost (sales tax is 8.25% here) would have been at an AD and had it delivered the next day. Barely after opening the box I got a call from a dealer about an hour away that they got one in LOL. I had another call a week and half later from another dealer.

[Macnavara]

Originally Posted by thewheel82

I put my name on a "list" with every single AD in the Houston area after none had one in stock. After a week of waiting (I know, not very long....) I got annoyed with the lack of supply and bought a new in box one from member mdgrwl for $60 over what my out the door cost (sales tax is 8.25% here) would have been at an AD and had it delivered the next day. Barely after opening the box I got a call from a dealer about an hour away that they got one in LOL. I had another call a week and half later from another dealer.

What watch was this for

[NorcalBlue]

Originally Posted by thewheel82

I put my name on a "list" with every single AD in the Houston area after none had one in stock. After a week of waiting (I know, not very long....) I got annoyed with the lack of supply and bought a new in box one from member mdgrwl for $60 over what my out the door cost (sales tax is 8.25% here) would have been at an AD and had it delivered the next day. Barely after opening the box I got a call from a dealer about an hour away that they got one in LOL. I had another call a week and half later from another dealer.

Which model was this? Not a Pepsi I'm presuming.

[zjd168]

ok you won

[drtii]

Sounds like a microcosm to me. I wouldn't read too much into it because the aggregate market won't react that quickly. When grays start coming down 20% then I'd imagine there's a more stable move lower but until then - it's still high and will stay high.

You'll know it's cooled when we quit seeing posts about how hard it is to get DJ's and Explorers.

[watchbowl]

I’m guessing the Pepsi was sold to another dealer as I’ve never seen one for 12.5k

As for the Daytona I’ve not seen one of those for 15k for over a year probably. They are trading for around 20k at the moment


Sent from my iPhone using Tapatalk

[beshannon]

Originally Posted by garyfromleeds

I don't know if its me but from what im seeing here in the Uk the Rolex market is slowing and prices have rolled back a touch , for example a friend of mine owns a large watch shop and they just bought in a new steel Pepsi from a customer for 12k and resold the watch for £12,500 , yes only £500 wages for them but quick turnaround , thats how they work , that said not long ago that watch would be over 14k he said and he's also had a black ceramic Daytona on his shelfs for weeks asking just over 15k and no takers , that watch sat there 6 weeks or more , may be the tide is changing ??????

Certainly looks like a major shift in the worldwide sales of high end luxury jewelry.

Oh wait, one shop and one watch? Ok

[AK797]

Originally Posted by beshannon

Certainly looks like a major shift in the worldwide sales of high end luxury jewelry.

Oh wait, one shop and one watch? Ok

Exactly, one swallow does not make Summer an adult film star.

[The1019]

Not surprising Rolex forum Rolex owners saying no prices only rising go figure

[jaychief]

£500 is the bottom price across the industry.....

[woof]

Its just you...

[Halifax Daytona UK]

New BLNR jubilee £16k
Old BLNR £13,250

http://thegoldshop.net/product-categ...atches/page/3/

[watchbowl]

Originally Posted by The1019

Not surprising Rolex forum Rolex owners saying no prices only rising go figure

Pardon?


Sent from my iPhone using Tapatalk

[VacherObsessive]

No

[Harry-57]

According to C24, the calculated theoretical profit I have made on my (never going to be flipped) Hulk has gone from 40% to 39%. Rejoice people. The bubble has burst!

[The Kermit]

Originally Posted by garyfromleeds

I don't know if its me but from what im seeing here in the Uk the Rolex market is slowing and prices have rolled back a touch , for example a friend of mine owns a large watch shop and they just bought in a new steel Pepsi from a customer for 12k and resold the watch for £12,500 , yes only £500 wages for them but quick turnaround , thats how they work , that said not long ago that watch would be over 14k he said and he's also had a black ceramic Daytona on his shelfs for weeks asking just over 15k and no takers , that watch sat there 6 weeks or more , may be the tide is changing ??????

Is the shop in Leeds?

[PatronMTL]

Well I was shocked to see a 126710BLNR for 18k on davidsw today. I haven’t checked in a week, but that’s down a solid 10% since I last checked

Maybe things are cooling down a tad. One can only hope

[Aztro]

Most of the Rolexes I have half an interest in and keep on eye out for on C24 (I.e follow and get therefore get a quick price track) have dropped a bit in the last month (a few percent) after a year of very steep rises (and gentler ones before that). Maybe June is just a slower month for used and grey.

[afjag256]

Let's keep hope alive. Hard to tell when the bubble will burst. But prices rising so quickly for a modern, mass produced, non-precious metal piece of jewelry stinks of speculation. How many folks can/will really spend over 15K for such a thing(s)? At some point the market is saturated.

The dealer mentioned is smart to make sure that he keeps turning over his/her inventory and taking the profit now. I see a lot of watches advertised at high prices, but I see them sitting for awhile too. Nice to see so many folks getting into watches though.

[interestedwatcher]

Depth of the market - one person pays silly money for a Hulk doesn't mean everyone will. Speculators will speculate, just a matter of how long they can hold on before liquidating.

In the bubble sense though I can't see hulks (or any other hot model) going under MSRP, so as bubbles go it isn't really that bad?

[jrs146]

Everyone sell! The Rolex market is crashing!!

[Tokyo Mike]

So, you friend was happy to rip himself of by a couple grand.

Where is he located, I'd love to take advantage of him.