The market has peaked

[Matc]

Has anyone else noticed that the prices of many models has peaked and now started to drop?

On Chrono24 many models have either started to fall in price or flattened, such as the Batman, Pepsi, many gold Daytonas etc. I’m seeing the same thing in Patek and AP with the Aquanaut and Royal Oak Jumbo.

This is my first post in probably 8 years as I’m starting to feel like finally this insanity might be on a path to ending.

[vh2k]

You just woke up from a six-week nap?

[Matc]

Originally Posted by vh2k

You just woke up from a six-week nap?

I’ve been seeing it, but haven’t posted.

Thank god. Maybe the market and this forum will return to being about the joy of ownership Vs investment.

[Nairn1980]

Originally Posted by Matc

I’ve been seeing it, but haven’t posted.

Thank god. Maybe the market and this forum will return to being about the joy of ownership Vs investment.

Doubtful

[Chester01]

Originally Posted by Matc

I’ve been seeing it, but haven’t posted.

Thank god. Maybe the market and this forum will return to being about the joy of ownership Vs investment.

Let’s not get ahead of ourselves. I’ll believe that when the models are available on walk on basis as they were about 2015 and earlier and could be had for a discount (though that may be going back to 2010 and earlier).

[Bomber A]

Originally Posted by Matc

I’ve been seeing it, but haven’t posted.

Thank god. Maybe the market and this forum will return to being about the joy of ownership Vs investment.

I hope so too! Many people buying then worrying about what their watch is worth down the road. If you really bought a watch to wear and enjoy, the resale on it shouldn't matter, unless it was a investment from the start, and the end goal was to sell it.

[mikelprz]

Originally Posted by Bomber A

I hope so too! Many people buying then worrying about what their watch is worth down the road. If you really bought a watch to wear and enjoy, the resale on it shouldn't matter, unless it was a investment from the start, and the end goal was to sell it.

[LVx2]

Originally Posted by Matc

I’ve been seeing it, but haven’t posted.

Thank god. Maybe the market and this forum will return to being about the joy of ownership Vs investment.

"TRF" Member

Join Date: May 2008
Location: Australia
Watch: SS Blk Daytona
Posts: 67
SS Daytona found! Crazy price?

Interesting comment from someone with multiple price threads, all the way back to 2008, lol

[TheHulk]

Originally Posted by vh2k

You just woke up from a six-week nap?

My thoughts exactly....

[Rolexken]

Flattened prices are a fall when inflation is approaching 10%

[Matc]

Originally Posted by Rolexken

Flattened prices are a fall when inflation is approaching 10%

I think they are falling in many cases.

[7enderbender]

Originally Posted by Rolexken

Flattened prices are a fall when inflation is approaching 10%

That’s a valid point. I personally don’t really care what the “value” of my watches is. I’ll never sell anything and with the kids’ college costs hitting hard I’m pretty sure that Big Pilot 43 and the Explorer 1 will have to wait a little anyway.

Point being: we currently should be concerned about the bigger picture. If prices drop that can easily be a bad bad thing for many of us since the underlying reasons will not be pretty. Just wait for the housing market to crash. And I mean really crash, not like the little blip we had in 2008.

[Paulie 50]

Originally Posted by Rolexken

Flattened prices are a fall when inflation is approaching 10%

absolutely.

[Tomas Eriksson]

Price corrections used to be seasonal just a few years ago, it’s only the last few years we had this crazy nonstop upward trend so a correction is long overdue.
It’s a global trend with high inflation, higher interest rates and loads of uncertainty. Of course it trickles down to speculative watch buyers as well.

[Fleetlord]

ok

[waterking]

Originally Posted by Matc

Has anyone else noticed that the prices of many models has peaked and now started to drop?

On Chrono24 many models have either started to fall in price or flattened, such as the Batman, Pepsi, many gold Daytonas etc. I’m seeing the same thing in Patek and AP with the Aquanaut and Royal Oak Jumbo.

This is my first post in probably 8 years as I’m starting to feel like finally this insanity might be on a path to ending.

If a price decreases why would that mean it has peaked? A bit confused with your lesson in economics. If they flatten is that a good thing? Which gold Daytona's are you seeing that have dropped significantly? I don't follow C24 much and depend more on one of my AD's to help explain to me what is going on.

[saxo3]

Originally Posted by Matc

This is my first post in probably 8 years as I’m starting to feel like finally this insanity might be on a path to ending.

Your last post before this thread was in July 2019.

[TswaneNguni]

Originally Posted by saxo3

Your last post before this thread was in July 2019.

Maybe the math on the crash numbers aren't that accurate too .Must be the hibernation .

[Aplover5]

Originally Posted by saxo3

Your last post before this thread was in July 2019.

Time flies when you’re having fun!

[saxo3]

Originally Posted by Aplover5

Time flies when you’re having fun!

^100 % agreed.

[dpt.calvin]

Originally Posted by saxo3

Your last post before this thread was in July 2019.

lol

[Xtralarg]

Originally Posted by Matc

Has anyone else noticed that the prices of many models has peaked and now started to drop?

On Chrono24 many models have either started to fall in price or flattened, such as the Batman, Pepsi, many gold Daytonas etc. I’m seeing the same thing in Patek and AP with the Aquanaut and Royal Oak Jumbo.

This is my first post in probably 8 years as I’m starting to feel like finally this insanity might be on a path to ending.

As soon as someone quotes chrono24 as a market indicator I know they are clueless. The end.

[Anton911]

Originally Posted by Xtralarg

As soon as someone quotes chrono24 as a market indicator I know they are clueless. The end.

Absolutely spot on,usually people who are desperate and willing the market to drop.End of,amen.

[Kube]

Originally Posted by Xtralarg

As soon as someone quotes chrono24 as a market indicator I know they are clueless. The end.

[Divingdeep87]

Well if you can buy from AD or did buy your current watches from AD everything should be okay. That’s how I see it.

[JRell]

Originally Posted by Divingdeep87

Well if you can buy from AD or did buy your current watches from AD everything should be okay. That’s how I see it.

Agree 1000% glad this has zero impact on me.

[amh]

Forgot to mention: Wake me up when I can buy a BLNR at MSRP.

[rolexpure]

Your way too slow.

Market is already on a downward spiral now. most pieces have already dropped 10-15%.

That is real sale prices. Dont forget most ppl will list at one price which they know will never sell at that price anyway.

Most grays (especially larger ones) have been resisting price drops but I'm starting to see them move now and dropping prices. Many grays moving to consignment sales only operating model now. Even DavidSW who rarely drops prices have already dropped $2k+ on the DD40 Olive. He's going to have to drop it alot more than that if he wants to move it.

[Gerardus]

Prices maybe settle down for a while, seen all the issues in the world, and then " up it goes" (again)

[Srct]

Prices are still mad - I will take notice when I can obtain and buy a watch near Retail - in the meantime I will just enjoy wearing what I have