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14 June 2022, 12:04 PM | #1381 | |
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It's happening....
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I think the china thing is over played. I have a lot of friends from china. Most of them are what you’d consider on the higher end of wealthy. Spending 15-25k in the club would be a joke for them. When I asked them about Rolex and what they think, it’s not really a top of mind brand for them. They would consider this low level luxury. Also - this is coming from them not me, wearing a watch doesn’t get as much recognition for them as dripping in designer clothes and flashing hot cars. They would rather spend the big bucks on cars so they can be scene. Sent from my iPhone using Tapatalk |
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14 June 2022, 12:08 PM | #1382 | |
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+1 UM.....I am lost...Why do people think the Chinese/Asian economies will not follow the downward global markets...And more so, Asia will be a bloodbath compared to modern markets...Its always gone like that....People think they are immune? Just wait.......
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14 June 2022, 12:14 PM | #1383 | |
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14 June 2022, 12:17 PM | #1384 | |
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https://www.rolexforums.com/showpost...0&postcount=47 I do agree within next year or so we should see more inventory available for immediate purchase in the AD. Not all references, but the more common Air-Kings, DJs, etc. Pretty much all the ones that everyone passed on due to being less desirable until the last 1-2 years. |
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14 June 2022, 12:18 PM | #1385 | |
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I don’t know. To be honest I’m not an Econ major and global finance is not my field of expertise. So I’m always hesitant to discuss these kinds of financial things, I don’t like talking out of my ass - like lots of people tend to do. I want to just reiterate, this conversation and information I’m sharing is coming from my close group of personal friends. It will be interesting to see what happens. What I can say for sure is that a lot of my friends from china that bought Rolex Watches, they bought based on the fact that it was hyped. They loved the fact that it was basically a way of saying F*** you. They still love driving the expensive cars more, but having certain Rolex or AP watches when they were highly over inflated was their way of showing off. Sent from my iPhone using Tapatalk |
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14 June 2022, 12:21 PM | #1386 |
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I still blame on social media for pumping the price. Remembered these posts: “I got call today”, “my holy grail watch”, “Finally on my wrist”, “My AD told me”, “waiting list”, so on…..RME
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14 June 2022, 12:23 PM | #1387 | |
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Thats the one!!!
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14 June 2022, 12:37 PM | #1388 | |
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Ive seen it listed for 100k never ever ever sold ! Sent from my iPhone using Tapatalk |
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14 June 2022, 12:39 PM | #1389 |
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14 June 2022, 12:48 PM | #1390 |
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14 June 2022, 12:54 PM | #1391 |
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Understanding...People will now hold...and hold...and hold.....This will play out much longer than the way up......
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14 June 2022, 01:14 PM | #1392 |
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It's happening alright.
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14 June 2022, 02:38 PM | #1393 |
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Nothing is more pleasurable than watching those flippers and grey market got burn. Smoke those moth3rfcukers
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14 June 2022, 02:47 PM | #1394 |
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14 June 2022, 02:52 PM | #1395 | |
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Just the beginning...... Whats retail on that piece?
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14 June 2022, 02:52 PM | #1396 | |
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14 June 2022, 03:37 PM | #1397 |
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14 June 2022, 03:59 PM | #1398 | |
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14 June 2022, 04:09 PM | #1399 | |
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Wow this is desperation lmfao Sent from my iPhone using Tapatalk |
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14 June 2022, 04:43 PM | #1400 | |
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I find this one quite confusing. Started bumping with a higher price then a sudden $30k drop. Kinda tells me some have no idea how much they should be selling something for. |
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14 June 2022, 04:59 PM | #1401 | |
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Those days are long gone. I imagine even the "just a dip" guys are starting to think twice, this ain't no dip, it's the perfect storm fortunately/unfortunately. |
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14 June 2022, 05:35 PM | #1402 |
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Where are the guys that said this is the yearly dip that we experience? Nowhere to be seen now.
There is no way this is "just" a dip. Some of the prices and price reductions I reckon some guys are losing a truckload of cash. When you see prices drop from $200k+ to $150k - I pray the seller never bought that at peak because a grey dealer would never have that margin in a single piece. Losing $50k+ on a single piece is horrible and no one could sustain such losses at this magnitude. $5k-$10k is significant. A $50k+ loss is business destroying for many smaller dealers. |
14 June 2022, 05:44 PM | #1403 |
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14 June 2022, 05:58 PM | #1404 |
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14 June 2022, 07:53 PM | #1405 | |
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Its just simply "See no evil, hear no evil" mentality. I think it helps certain individuals sleep better at night. You know when you tell yourself something for long enough your mind starts to believe it |
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