Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[huncho]

Originally Posted by ThatOtherGuy7

They basically have each associate help a group of people (if they came together) or a solo client at a time. Similar things with nearby stores of luxury brands such as LV, Dior, Gucci, etc. LV always has quite a long line outside their store.

luxury brand stores are always packed here too. even cartier has a lot of people whenever i go, but i've rarely seen situations in rolex ADs where someone was waiting for an associate. wonder what others have been experiencing

[Vince_76]

AP Kasparov chrono blue dial complete - $34.1k at auction (lowest I’ve seen)

15400 silver dial fullset - listed for $32k

[messikens]

Originally Posted by huncho

interesting, can't say i've ever seen a line in nyc

Ditto. Sometimes it's busy at the Bucherer / AP boutique but it won't ever have a line. In fact sometimes people are turned away and told to come back.

That said, I wouldn't expect there to be a line. There's barely anything to try on (AP boutique especially) and certainly nothing to buy, so what is there to do? Most people stop in, say hi, maybe try on a piece and aim to get on the waiting list with an SA contact to boot... So what's there to line up for?

[ExplorerI]

Originally Posted by Vince_76

AP Kasparov chrono blue dial complete - $34.1k at auction (lowest I’ve seen)

15400 silver dial fullset - listed for $32k

Not actually the Kasparov but a very similar reference that came right after. I think the Kasparov fetches slightly more for some reason. ref 25860. That blue one at auction is the cheapest blue I’ve seen by $8k though. Highly doubt the seller was positive on that thing after fees.

[Bpan]

Originally Posted by slim

Any recent pricing for these pieces below? Listings on the classifieds and chrono haven’t moved much(or sold). I would expect these to decline further, before the craze these weren’t(aside from 5980) very desirable to the general public.


5712/1a
5712/1r
5980/1r
26574(st and or)

5712/1A - As low as 93k for 10 year old complete set, 110k to 120k for unworn from the past 3 years.
5712/1R - 193k unworn 2023
5980/1R - 195k -2 links 2020
26574ST - 120k blue dial(ref 02, not bleu nuit nuage 50 dial)
26574OR - 149.5k blue dial 2016

[slim]

Originally Posted by Bpan

5712/1A - As low as 93k for 10 year old complete set, 110k to 120k for unworn from the past 3 years.
5712/1R - 193k unworn 2023
5980/1R - 195k -2 links 2020
26574ST - 120k blue dial(ref 02, not bleu nuit nuage 50 dial)
26574ST - 149.5k blue dial 2016

Thanks, appreciate it! Looking forward to a further decline on some of these!

EurowatchCo had a 26574OR un worn last week for 171k. It's not listed anymore and not marked as recently sold. Perhaps it will be resisted again soon at a lower price point.

[Bpan]

Originally Posted by slim

Thanks, appreciate it! Looking forward to a further decline on some of these!

EurowatchCo had a 26574OR un worn last week for 171k. It's not listed anymore and not marked as recently sold. Perhaps it will be resisted again soon at a lower price point.

Sorry for the typo, the 149.5k listing was for 26574OR

[psm11]

Originally Posted by huncho

never seen a rolex AD or AP boutique packed even during the bubble. realistically it was always maybe 2 or 3 other people at most and nothing to see in the cases anyway. even in the most populous areas in manhattan and huge ADs like tournaeu

i don't think anyone here ever claimed there were physical lines and packed stores. there's no real reason to actually be in stores nowadays, most of the demand is still on some form of a waitlist so you either get the call or you don't. for the most part walking into these places has been a depressing experience for the last 4 or so years imo

Some on here claimed (when asked what the heck ADs do all day) that when they go into stores there is a revolving door or people coming in and out inquiring about pieces keeping ADs busy. I was in AP for about 25 mins and not a single person came in. Same with Rolex and Patek.

[Vince_76]

Originally Posted by ExplorerI

Not actually the Kasparov but a very similar reference that came right after. I think the Kasparov fetches slightly more for some reason. ref 25860. That blue one at auction is the cheapest blue I’ve seen by $8k though. Highly doubt the seller was positive on that thing after fees.

Thanks for clarifying. Had no idea!

[westbeach]

Originally Posted by Swiftneck

The main price gains on hyped watches came for 2020-2022, some price gain came in the period from 2016-2019. before that msrp prices or lower where the standard.

So i don´t see how that makes it a "very likely fact" that we have to go back to a 2008-2009 situation to see prices go back to msrp or lower.

Of course you are entitled to have your own opinion, but stating, it as a "very likely fact" is a kind of manipulation as well.

Any thoughts of the SVB and Credit Suisse collaspe?

[EEpro]

Originally Posted by westbeach

Any thoughts of the SVB and Credit Suisse collaspe?

I'd say everything is pretty awesome. It all worked out great for the recipients of cash bonuses and the millions in social justice handouts made days before the collapse.

Also worked out great for the uninsured depositors who were made whole possibly due to their political connections and contributions.

It's a win win.

[Bstewart]

Originally Posted by huncho

luxury brand stores are always packed here too. even cartier has a lot of people whenever i go, but i've rarely seen situations in rolex ADs where someone was waiting for an associate. wonder what others have been experiencing

I was in a Rolex AD in the heart of downtown Chicago in the middle of Black Friday 2022. My wife and I were the only people in the boutique the entire time we were there (they also sell Patek and other brands). They still had no watches for sale besides the tiniest women's models.

[Mathematoxic]

Saw a 116508 white dial Daytona for auction. Into its 18th hour now. This exact same watch was listed for $48,750. Pre-owned, full set March 2022. Someone offered $45k but seller passed saying already passed at a higher offer.
The current bid is at $41k(bidded 15hrs ago). Now we know “passed with higher offer” is probably always fake. Just another way for dealers to pump up prices.

[GGGMT]

Originally Posted by Mathematoxic

Saw a 116508 white dial Daytona for auction. Into its 18th hour now. This exact same watch was listed for $48,750. Pre-owned, full set March 2022. Someone offered $45k but seller passed saying already passed at a higher offer.
The current bid is at $41k(bidded 15hrs ago). Now we know “passed with higher offer” is probably always fake. Just another way for dealers to pump up prices.

Guess I’m not sure how lying like that pumps up prices, which continue to fall, as we all see, including the gray dealers. The psychology and the economics of a “lie pump” don’t work even in the short term.


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[Mathematoxic]

Originally Posted by GGGMT

Guess I’m not sure how lying like that pumps up prices, which continue to fall, as we all see, including the gray dealers. The psychology and the economics of a “lie pump” don’t work even in the short term.


Sent from my iPhone using Tapatalk

I guess it creates an illusion to interested parties that they need to offer higher to purchase it. Too bad there ain’t any interested party.

[messikens]

Originally Posted by Mathematoxic

Saw a 116508 white dial Daytona for auction. Into its 18th hour now. This exact same watch was listed for $48,750. Pre-owned, full set March 2022. Someone offered $45k but seller passed saying already passed at a higher offer.
The current bid is at $41k(bidded 15hrs ago). Now we know “passed with higher offer” is probably always fake. Just another way for dealers to pump up prices.

So basically the "higher offer already" is fake and the bidding is likely a buddy as well? Ain't no way a white face at auction should be going for $41k at this point...

[Mathematoxic]

Originally Posted by messikens

So basically the "higher offer already" is fake and the bidding is likely a buddy as well? Ain't no way a white face at auction should be going for $41k at this point...

Can’t comment whether the bidding is manipulated. It depends on whether this watch shows up in the near future. How much you reckon a white dial 116508 should go for? I think 41k for a 2022 piece sounds fair to me.

[messikens]

Originally Posted by Mathematoxic

Can’t comment whether the bidding is manipulated. It depends on whether this watch shows up in the near future. How much you reckon a white dial 116508 should go for? I think 41k for a 2022 piece sounds fair to me.

Sorry that was totally my bad. I misread to 116500 not the wg version. That seems somewhat reasonable

[Mathematoxic]

Originally Posted by messikens

Sorry that was totally my bad. I misread to 116500 not the wg version. That seems somewhat reasonable

It’s all cool no worries.
By the way the auction ended at $44,444 usd. Still a reasonable amount.

[Vince_76]

15300 fullset sold for 30k (though sounds like it might be lower)

15450 fullset - listed for 29.5k

15400 fullset mint - listed for 33.3k. Another fullset sitting for 32k

15500 box and papers mint - sitting for 35k

[GGGMT]

Originally Posted by Mathematoxic

Too bad there ain’t any interested party.

Exactly. It’s why the illusionary pumping is illusionary.


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[Watchwoody]

Originally Posted by Vince_76

15300 fullset sold for 30k (though sounds like it might be lower)

15450 fullset - listed for 29.5k

15400 fullset mint - listed for 33.3k. Another fullset sitting for 32k

15500 box and papers mint - sitting for 35k

Getting close to retail.

[Mercutio]

Originally Posted by Vince_76

15300 fullset sold for 30k (though sounds like it might be lower)

15450 fullset - listed for 29.5k

15400 fullset mint - listed for 33.3k. Another fullset sitting for 32k

15500 box and papers mint - sitting for 35k

Thank you very much for creating this very helpful transparency in an otherwise quite opaque market

[EEpro]

Originally Posted by Mathematoxic

It’s all cool no worries.
By the way the auction ended at $44,444 usd. Still a reasonable amount.

That's basically getting MSRP back on a used gold piece. The buyer will likely try to sell on their retail channel now for more.

[PBJ1925]

2019 - VCO Blue Dial - complete. $25.9k delivered, sitting there, not even a comment.

[rolex_pl85]

Yep. After analysing the watch market over the last few months I am defintely not buying anything at the moment.

There was a moment were asking prices seemed to go back up but that I think is 100% just dealers trying to pump the market. I dont see any strength in the watch market at all right now. Only way is a continual fall for the foreseeable future.

[Rickkk]

Originally Posted by rolex_pl85

Yep. After analysing the watch market over the last few months I am defintely not buying anything at the moment.

There was a moment were asking prices seemed to go back up but that I think is 100% just dealers trying to pump the market. I dont see any strength in the watch market at all right now. Only way is a continual fall for the foreseeable future.

So you only buy when things are going up?

[Wuls]

As a sign of how weak the market is - I was the 4th underbidder on an item on an auction website - runs one for cars and watches in the UK - and yet I received a call 15 minutes after auction closed to see if I wanted to increase my bid to buy the (unsold) watch.

Make of that what you will. Fake bidders? Phones the other 3 first to raise their prices and they all said no too. Whatever the reality it showed how weak the market is

[Mathematoxic]

Yeah there is obviously over supply of watches. You will find multiple pieces of the same watch(whatever the model is) for sale and sitting there in practically every country. In addition to that, you find new ones being listed everyday everywhere. Not to forget Rolex are still producing them. Shortage is a created illusion by ADs and grey dealers.

[Rolexatlast]

Originally Posted by Rickkk

So you only buy when things are going up?

Why buy today if it it’s cheapest tomorrow?