ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
22 December 2022, 11:15 AM | #61 |
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I don’t plan on flipping and would wear it everyday. $20K is a bit hard to stomach for a watch. If flipping, then yes, it makes sense.
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22 December 2022, 12:07 PM | #62 |
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22 December 2022, 01:28 PM | #63 | |
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ADs are just businesses that hires salesman to sell you watches. They are not some entity that is immune to market conditions. |
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22 December 2022, 01:30 PM | #64 | |
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Hilarious Sent from my iPhone using Tapatalk |
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22 December 2022, 01:35 PM | #65 | |
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One of the great threads of all times. Probly sold for $14.75075, and grateful to get it Sent from my iPhone using Tapatalk |
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22 December 2022, 02:30 PM | #66 | |
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Again goes back to my point that its not to Rolexes interest to sell its products on the cheap. CPO (once fully rolled out) has one main purpose imo and that’s to regulate the pre owned prices. |
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22 December 2022, 02:36 PM | #67 | |
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No. I think the high was 30-33k. I don’t recall ever seeing anyone even asking 35, but maybe. But as far as what people we’re paying, I’d say 32k bnib tops. Sent from my iPhone using Tapatalk |
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22 December 2022, 03:02 PM | #68 | |
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I want to reiterate that ADs are just normal businesses hiring salesman(most of the time you are more knowledgeable than them) to sell you watches. They are not immune to market changes nor economic conditions. So whether prices will rise or fall, refer to demand and supply. Also remember ADs are paying high monthly rent, so they don’t have the option to choose not to sell to create this false no stock impression(I mean when they grey dealers stop buying from them back door). Cheers all and peace |
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22 December 2022, 05:52 PM | #69 | |
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22 December 2022, 05:55 PM | #70 |
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Rolex is in the market of producing new watches and they are pushing out 1M+ pieces across all lines a year. That's a lot of watches in today's environment.
They will make their ADs buy everything they produce, of course, but most will be complaining that they are unable to get rid of PM and other less desirable pieces, like they have for ages in the past. Even for Rolex and PP this is going to be a challenging environment. They will fare better than less desirable brands, but they will also experience considerable less demand from customers. Rolex as a company has absolutely no interest in stabilizing the market at the ridiculous level of the past two years just so everyone who bought a Daytona at 50k or a GMT at 25k can continue feeling like they did the right thing. They do not care about the secondary market, simply because their goal is to sell the new pieces that they are constantly producing. Imo the CPO program is there to make it easier for customers to upgrade to more expensive pieces at ADs via trade-ins. Primarily it's a great way of facilitating sales of PM models. ADs also do not care if they make 20 percent on your trade-in piece at 25k or 10k when they sell it to another customer. The difference is peanuts for them, especially if they make you buy a new watch in the process. The big money is in new watches. They make around 40 percent on each sale at MSRP and they will have an easier time selling if a customer believes that they made a great deal trading-in another piece. CPO prices won't be stabilizing above retail. They will become a way of steering existing customers from lower brands to more expensive ones through a more affordable pricing - like pre-owned cars at your Mercedes dealer. |
22 December 2022, 06:07 PM | #71 | |
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22 December 2022, 06:15 PM | #72 |
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22 December 2022, 06:19 PM | #73 |
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22 December 2022, 06:24 PM | #74 | |
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That FS thread is brutal |
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22 December 2022, 07:26 PM | #75 | |
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Yes, smart people will still have money; that doesn't make them more likely to buy more to make up for the lost "dumb people" volume. "Dumb people" who are over-leveraged in watches (or anything for that matter) will also want/need to start liquidating at some point, introducing more supply into the market, putting further pressure on prices. I don't see any way for this to end well for those holding mass, current production models as "stock" purchased above MSRP (excluding some specific models). The solvent ones will eventually sell at a loss & write it off and go back to work (which "hurts", but that's how businesses survive) and the over-leveraged ones will go out of business. |
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22 December 2022, 08:13 PM | #76 | |
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We definitely won’t hit a stage where everyone no longer want a Rolex anymore. So it’s the ADs’ problem on how they want to sell the watches they receive and not so much of a problem for Rolex. Just like pre-hyped era, they sell to greys wholesale, and greys sells to us. Of course there are many other ways ADs can choose to sell their inventory, it all depends on their creative minds |
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23 December 2022, 01:07 AM | #77 | |
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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23 December 2022, 04:00 AM | #78 | |
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Here's Why Crypto Investors Are Offloading Their Luxury Cars By Adina Achim Published 2 hours ago The bankruptcy of two cryptocurrency exchanges saw a sharp decline in the market, resulting in the sale of no longer affordable luxury sports cars. https://www.hotcars.com/crypto-inves...g-luxury-cars/ |
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23 December 2022, 06:13 AM | #79 | |
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23 December 2022, 07:51 AM | #80 | |
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There is currently a glut of used Rolex, and prices continue to decline. Why? Because demand has evaporated. Market will dictate the price of CPO, not the other way around. And it will be set by demand against two factors, price availability of new watches, and price of non CPO. Rolex will not tinker with slow increases for new. And Rolex has no ability to affect the price of non CPO. It would take a massive investment to control the price of used Rolex. Where would the money come from? Rolex? Nope. AD's. Nope. Grey's. Nope, they are already over stocked.
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23 December 2022, 08:18 AM | #81 | |
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Just think 10k sub VS a 40k 5712/1A. If there is no hyped up market, where profits(whether realised or not) just comes along with the purchase, I guess most people that truly want a watch will think twice putting 40k into them. |
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23 December 2022, 09:03 AM | #82 | |
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23 December 2022, 09:15 AM | #83 | |
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Sendt fra min SM-F711B med Tapatalk |
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23 December 2022, 09:18 AM | #84 | |
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I personally think Rolex were quite happy pre 2019, every watch they made got sold, whether instantly or after a small spell in the dealer window. Sure they liked the hype and sell out nature of the last 3 years, but now it is just pissing people off and the bubble has firmly burst. The hype of the last few years has done its job; the name Rolex is firmly established in a whole new generation's mind. So now I'm sure they'd be happy to actually have supply because right now they are very close to permanently alienating their customers, including some very long standing ones. Now they just need to keep the supply flowing to keep customers happy. I think we are only weeks/months away from walk in watches being normal again, grey market below msrp, as it should be. |
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23 December 2022, 09:28 AM | #85 |
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Nobody knows what the new ‘factory’ is for. Rolex have never announced what it will be used for. Could equally be for servicing, marketing, admin, research or a combination of all the above.
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23 December 2022, 09:34 AM | #86 | |
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23 December 2022, 09:42 AM | #87 |
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Yes but did they mention anything about what the new factory will be used for? Truth is we don’t know. For me it’s extremely naive for Rolex not to control supply and hike exclusivity levels of its brand to patek levels (which is what I think they are aspiring to reach)
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23 December 2022, 09:52 AM | #88 | |
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23 December 2022, 09:57 AM | #89 | |
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And this artickel calls it a production cite. If Rolex them self have said that i don't know. https://www.swissinfo.ch/eng/busines...rland/48076474 Sendt fra min SM-F711B med Tapatalk |
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23 December 2022, 10:01 AM | #90 | |
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