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

[HMHM]

Originally Posted by Radbloke

Might not even take that long for AP. They are taking an absolute smashing in the used market right now.

The current situation is also an example of why brands shouldn’t raise prices to the same point as that advertised on the grey market as has been previously suggested by some on here. Simply because the grey market prices are simply not sustainable and it appears some manufacturers have drank too much of their own koolaid

[Vince_76]

Originally Posted by HMHM

Come end of the year, if nothing significant changes in the economy, we are in for a bloodbath and Patek and AP are going to regret all the successive price increases they did over the last 2 years…

Agree. Tides are turning and true enthusiasts will benefit.

[Rolextellstime]

They will need to bring in price cuts now.

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[Radbloke]

Originally Posted by HMHM

The current situation is also an example of why brands shouldn’t raise prices to the same point as that advertised on the grey market as has been previously suggested by some on here. Simply because the grey market prices are simply not sustainable and it appears some manufacturers have drank too much of their own koolaid

Absolutely right. It's like none of these brands learned anything from the panerai debacle.

[RichardBartlett]

Originally Posted by Radbloke

Absolutely right. It's like none of these brands learned anything from the panerai debacle.

Greed trumps everything besides it's different this time..

[johnsonsxusfrt]

Originally Posted by Vince_76

Brand new unworn Patek Travel Time RG went for $27k. Over half off retail and MSRP.

Haven’t seen these that low. I actually like them and am kicking myself for not pulling the trigger ha!

this was the 37.5mm was it not? too small IMO. I've seen the 42s going for mid 30s which is still a massive discount to the 56K retail price. I personally love the rose gold variant, may have to pick it up when it hits 30K

[johnsonsxusfrt]

seen two 5980r offered for around 85K in the past week. These were going to double that in Q1 2022 and around $110K earlier this year. If it drops further may have to pick one up

[Vince_76]

Originally Posted by johnsonsxusfrt

this was the 37.5mm was it not? too small IMO. I've seen the 42s going for mid 30s which is still a massive discount to the 56K retail price. I personally love the rose gold variant, may have to pick it up when it hits 30K

Yeah, the 37.5mm upon checking

Originally Posted by johnsonsxusfrt

seen two 5980r offered for around 85K in the past week. These were going to double that in Q1 2022 and around $110K earlier this year. If it drops further may have to pick one up

Wow, didn’t know they were that low. That’s pretty much retail + tax

[johnsonsxusfrt]

Originally Posted by Vince_76

Yeah, the 37.5mm upon checking



Wow, didn’t know they were that low. That’s pretty much retail + tax

Yup, the fall has been magnificent, but there's a wide range out there from $80K to $110K right now and the precious metal variants are always the first to fall hard. resellers are gonna dump their inventory this winter and flippers have lost their profit margin on all these pieces with the exception of the remaining steel variants.

[johnsonsxusfrt]

Originally Posted by messikens

Slow day in same old joke land?

LOL that dude is a troll.

[Crown & Shield]

A clueless troll.

[steeevvvooo]

Originally Posted by johnsonsxusfrt

flippers have lost their profit margin on all these pieces with the exception of the remaining steel variants.

This is the key as we probably all know. Those 10 year waitlists evaporate pretty quickly once the margin disappears for flippers.

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[psm11]

Originally Posted by Vince_76

Agree. Tides are turning and true enthusiasts will benefit.

Look no further than current offshore prices on grey.


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[Watchguynyc8300]

Even better look at the 3 handed code listed on Nashville watch - 19k

[AP15407st_patrick]

Originally Posted by johnsonsxusfrt

seen two 5980r offered for around 85K in the past week. These were going to double that in Q1 2022 and around $110K earlier this year. If it drops further may have to pick one up

Was this was new unworn models? Where do you see a 2022 unworn model in full set?

[Pablito]

Originally Posted by Gmtleo@14

Just saw on moda new 126500 panda current bid 34k. I was expecting more


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Actually not a good start!

[Radbloke]

Originally Posted by Gmtleo@14

Just saw on moda new 126500 panda current bid 34k. I was expecting more


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Just sold for 36.8k. If this is the very first piece's standard hype price, it's going to be a dramatic fall for the daytonas. Especially the 11 series.

[SBR]

Originally Posted by Radbloke

Just sold for 36.8k. If this is the very first piece's standard hype price, it's going to be a dramatic fall for the daytonas. Especially the 11 series.

That is encouraging. I figured the early 12 series would for sure go over 40K. While I don't believe it will ever drop below 20K, mid 20s for a white dial would make it compelling.

[j.mo]

Originally Posted by SBR

That is encouraging. I figured the early 12 series would for sure go over 40K. While I don't believe it will ever drop below 20K, mid 20s for a white dial would make it compelling.

There’s been one sitting at $28,950 for a few weeks at Nashville watch.
Getting closer.


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[SBR]

Originally Posted by j.mo

There’s been one sitting at $28,950 for a few weeks at Nashville watch.
Getting closer.


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I just saw that, it's a 116500 though. I have to admit that I really like the larger lugs on the new 12 series.

[spoon-turbo]

Originally Posted by SBR

I just saw that, it's a 116500 though. I have to admit that I really like the larger lugs on the new 12 series.

The corrected right lugs of the 12xxx silently exposes Rolex’s lug “symmetry” of older steel and yg models.

[jgrae]

Originally Posted by spoon-turbo

The corrected right lugs of the 12xxx silently exposes Rolex’s lug “symmetry” of older steel and yg models.

yea plus the +1mm size difference I think is a good change.

[psm11]

Takuya has a brand new 43mm AP RO Offshore (stainless one) on his site for $36.8k full set. Wow have these fallen. Laughable the guys in Moda who are still listing these for over $40k.

How long till AP drops the price on these at retail?

[LJubel328]

Originally Posted by psm11

Takuya has a brand new 43mm AP RO Offshore (stainless one) on his site for $36.8k full set. Wow have these fallen. Laughable the guys in Moda who are still listing these for over $40k.

How long till AP drops the price on these at retail?

A lot of the prices on Moda have become laughable.


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[mwc5k]

Originally Posted by psm11

Takuya has a brand new 43mm AP RO Offshore (stainless one) on his site for $36.8k full set. Wow have these fallen. Laughable the guys in Moda who are still listing these for over $40k.

How long till AP drops the price on these at retail?

I thought they were a little expensive when they came out, but they were definitely selling at retail before. If I were AP I would consider reducing production and pausing price hikes for a year or two, since they have a little more flexibility on quarterly sales than public companies. (Please correct me if I’m wrong)

[psm11]

Originally Posted by mwc5k

I thought they were a little expensive when they came out, but they were definitely selling at retail before. If I were AP I would consider reducing production and pausing price hikes for a year or two, since they have a little more flexibility on quarterly sales than public companies. (Please correct me if I’m wrong)

Agree that for a time these were going for retail (I’d say like 2 years ago when they were MSRP under 40k). But after taxes this is like an almost $50k watch. I really like these offshores but not for that price. 30k is reasonable to me for the stainless one on takuyas website.


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[GB-man]

Offshores stay dogs on resale. I bet that would change if they downsized them.

[Laostuh]

2021 Complete Set Starbucks MK1 for $13,500 on Moda. Cheapest one I've seen so far.

[Radbloke]

New 126500LN black dial just sold for 32.5. I'm honestly surprised it went for that much, even if it is the first.

[Vince_76]

Originally Posted by Radbloke

New 126500LN black dial just sold for 32.5. I'm honestly surprised it went for that much, even if it is the first.

Hard to rationalize the first sales of a new release. Some guys will jump at the opportunity to overpay and have “the first”. Doesn’t mean much imo