It's happening....

[worldofoyster]

it's gonna come down more

[Slambonie]

whats harder to get at msrp...a SS daytona or a platinum daytona? I imagine SS many more can be made, but many more people can afford. Platinum far fewer are made but far fewer can afford. Does it essentially balance out? I saw someone post yesterday that an AD said they could get him a PM daytona anytime but SS would be a long wait, so made me wonder

[Calatrava r]

The only folks who get hurt in this used watch market are those who bought at the very top. The dealers will be fine. Their "buy" prices dropped long before the "sell" prices softened. Any savvy dealer knew the recent spike up was not sustainable.

[BillA]

I remember the good ole days when we went to grey dealers and got a discount on a watch. With exception of watches like the SS Daytona.
Now the grey market is gouging us, they want prices well over msrp.
I have no problem with the grays or anyone making a profit, but i am not a buyer at multiples over msrp. Anyone who does, well that is their prerogative , it is their money and can spend as they wish. Just not me.

[Adam84]

Originally Posted by BillA

I remember the good ole days when we went to grey dealers and got a discount on a watch. With exception of watches like the SS Daytona.
Now the grey market is gouging us, they want prices well over msrp.
I have no problem with the grays or anyone making a profit, but i am not a buyer at multiples over msrp. Anyone who does, well that is their prerogative , it is their money and can spend as they wish. Just not me.

I don’t blame the greys, I blame the situation and flippers. To be fair to greys, they are a business, they will only mark up a price they are sold at.

The joy about the watch world though is there’s plenty of brands to enjoy. Everyone has a choice what to do with their money.

Personally if I can buy at MSRP then great, if I’m spending double MSRP then I’m looking at JLC, GO, VC, Lange, Moser.

[boring_sandwich]

The market is crashing with speculators now not wanting to purchase what is offered from AD's as there is no money in it.

[dowheelies]

Originally Posted by boring_sandwich

The market is crashing with speculators now not wanting to purchase what is offered from AD's as there is no money in it.

Maybe you worded it wrong but that doesn't make sense to me. The current "crash" still leaves more profit for a grey 5 minutes out the door from an AD than the AD likely makes. A tagged BNIB BLNR, for instance, will still quickly fetch a few thousand $$$ over retail.

[BillA]

Originally Posted by dowheelies

Maybe you worded it wrong but that doesn't make sense to me. The current "crash" still leaves more profit for a grey 5 minutes out the door from an AD than the AD likely makes. A tagged BNIB BLNR, for instance, will still quickly fetch a few thousand $$$ over retail.

For now it will

[GW44]

Originally Posted by boring_sandwich

The market is crashing with speculators now not wanting to purchase what is offered from AD's as there is no money in it.

Care to share exact, verifiable evidence here please?

[Chris]

Originally Posted by GW44

Care to share exact, verifiable evidence here please?

Dont hold your breath!!!

[Watchcollector123]

Originally Posted by boring_sandwich

The market is crashing with speculators now not wanting to purchase what is offered from AD's as there is no money in it.

Where?? Please show us. Easy to make dumb assertions like this.

[GW44]

Originally Posted by Watchcollector123

Where?? Please show us. Easy to make dumb assertions like this.

I wouldn’t hold your breath

[Xtralarg]

Originally Posted by Watchcollector123

Where?? Please show us. Easy to make dumb assertions like this.

This us far from a dumb assertion, it's a fact.

[TheVTCGuy]

Well…. As to inflation, pricing, the market, I am a Dorklehead, so couldn’t add anything even remotely useful to this discussion. As to the Gray market, here is my opinion.

I don’t see why anyone can BLAME the grays for the current pricing. One thing I DO remember from college economics class is as the demand goes up so do the prices; simple. If you are claiming the grays are all hoarding watches so they are difficult to get (and again, the price goes up) you may very well be right, but we are talking about luxury watches, not bread, milk and baby formula. If they are legally being successful by playing the capitalist game in a free market, well then good for them.

[pjaffe]

Originally Posted by TheVTCGuy

Well…. As to inflation, pricing, the market, I am a Dorklehead, so couldn’t add anything even remotely useful to this discussion. As to the Gray market, here is my opinion.

I don’t see why anyone can BLAME the grays for the current pricing. One thing I DO remember from college economics class is as the demand goes up so do the prices; simple. If you are claiming the grays are all hoarding watches so they are difficult to get (and again, the price goes up) you may very well be right, but we are talking about luxury watches, not bread, milk and baby formula. If they are legally being successful by playing the capitalist game in a free market, well then good for them.

I don't blame them for anything, but I don't understand this sentiment of feeling bad for them when prices drop. If you want to play the game, be prepared for the consequences too.

[TheVTCGuy]

Originally Posted by pjaffe

I don't blame them for anything, but I don't understand this sentiment of feeling bad for them when prices drop. If you want to play the game, be prepared for the consequences too.

Oh I completely agree, I don’t feel sorry for them if the prices come down to MSRP, and they may be selling for less. That too, is part of capitalism. I am also sure they will be fine, these men (and women) did not become successful in selling watches by being inflexible.

[Quamby]

Originally Posted by pjaffe

I don't blame them for anything, but I don't understand this sentiment of feeling bad for them when prices drop. If you want to play the game, be prepared for the consequences too.

Yes indeed. They are just a part of the market that is most sensitive to price movements. The old adage of: sugar to shxt, don't hate the player, hate the game, comes to mind.

[mountainjogger]

Originally Posted by TheVTCGuy

Well…. As to inflation, pricing, the market, I am a Dorklehead, so couldn’t add anything even remotely useful to this discussion. As to the Gray market, here is my opinion.

I don’t see why anyone can BLAME the grays for the current pricing. One thing I DO remember from college economics class is as the demand goes up so do the prices; simple. If you are claiming the grays are all hoarding watches so they are difficult to get (and again, the price goes up) you may very well be right, but we are talking about luxury watches, not bread, milk and baby formula. If they are legally being successful by playing the capitalist game in a free market, well then good for them.

Agree Paul.

[rolexandlange]

When I look at what I own and the value change YTD, Rolex and Lange timepieces are my best stores of value…. They don’t require property taxes like my real estate, and they haven’t dropped in the ways my investment accounts have. They’ve really held in there. My company shares are down 40% from their 52 week high. My ceramic Daytona is down 20% from their crazy highs and I got it at retail. We always wondered if people really were paying $50k for steel Daytonas when the prices were there. I think there’s a lot of envy reflected in those who post forecasting some sort of crash. They are most likely would-be flippers who never got the call so they hope the game ends since they never could play. If luxury goods drop in value because of war in Europe, lockdown in China and stagflation in the US I don’t think that’s some sort of indictment of those who enjoy and store some value in timepieces. In the current situation there is no where to hide when it comes to protecting wealth.

[rG2022]

Originally Posted by rolexandlange

In the current situation there is no where to hide when it comes to protecting wealth.

I couldn’t agree more. Excellent point.

[Db7566]

Originally Posted by rolexandlange

When I look at what I own and the value change YTD, Rolex and Lange timepieces are my best stores of value…. They don’t require property taxes like my real estate, and they haven’t dropped in the ways my investment accounts have. They’ve really held in there. My company shares are down 40% from their 52 week high. My ceramic Daytona is down 20% from their crazy highs and I got it at retail. We always wondered if people really were paying $50k for steel Daytonas when the prices were there. I think there’s a lot of envy reflected in those who post forecasting some sort of crash. They are most likely would-be flippers who never got the call so they hope the game ends since they never could play. If luxury goods drop in value because of war in Europe, lockdown in China and stagflation in the US I don’t think that’s some sort of indictment of those who enjoy and store some value in timepieces. In the current situation there is no where to hide when it comes to protecting wealth.

You don’t have to hide. You just have to wait.


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[Tim Plains]

Well, I'll still be here after it happens.

[Quamby]

Imagine those dealer who have accepted crypto as payment. What do those cryptos worth now? Painful!!!!

[Jonah10]

Originally Posted by Quamby

Imagine those dealer who have accepted crypto as payment. What do those cryptos worth now? Painful!!!!

A lot of people accepting crypto as payment use a service that immediately sells the crypto and converts it to cash then deposits into the owners account. The ones who don’t and risk playing the market are obviously at a huge risk for loss or potential for gain.


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[teck21]

Originally Posted by Jonah10

A lot of people accepting crypto as payment use a service that immediately sells the crypto and converts it to cash then deposits into the owners account. The ones who don’t and risk playing the market are obviously at a huge risk for loss or potential for gain.


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Who’s running these services and taking on the risk?

Or is there a service provider to just such a service provider?


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[Jonah10]

Originally Posted by teck21

Who’s running these services and taking on the risk?

Or is there a service provider to just such a service provider?


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Several companies, that’s all they do. They are basically like a credit card processing company but for crypto. They charge a small fee to facilitate the transaction.


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[fskywalker]

Happy news!


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[AF_Rob]

I have no emotional attachment to one side or the other, as I didn’t participate in the madness.

I didn’t participate because I already had the pieces I like, thankfully.

As to the “why” this is all happening I have an opinion but I’m no expert. I do think it’s a combination of the shutdown, board internet shopping, and a temporary gap of supply and demand due to those, other factors with a little bit of panic over reaction.

I don’t think it’s some wide conspiracy, as I don’t think we as humans can get along as a whole and keep a secret well enough to pull it off.


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[Lemonvr6]

Rolex16 gonna pull a muscle in his frontal lobe with all those gymnastics

[TheVTCGuy]

Originally Posted by Lemonvr6

Rolex16 gonna pull a muscle in his frontal lobe with all those gymnastics