Prices will deflate in the Rolex Bubble

[jltait]

Buy the dip

[AK797]

Originally Posted by Tomas Eriksson

Who are these "actual" collectors and watch aficionados? Im pretty sure most of the members here wouldn't be collecting if there wasn't a potential short term economical upside.

Anyone here with over 10K posts is probably a serious long term member and not in it for short term gains.

[1bad750]

Originally Posted by AK797

Anyone here with over 10K posts is probably a serious long term member and not in it for short term gains.

short term gains... lol

[newu5er]

Originally Posted by AK797

Anyone here with over 10K posts is probably a serious long term member and not in it for short term gains.

Neil, this also gave me a chuckle because you know there are plenty of people with high post counts that only post garbage.

[schoolboy]

Originally Posted by AK797

Anyone here with over 10K posts is probably a serious long term member and not in it for short term gains.

I’m more than halfway there!

[sinrolie]

Originally Posted by shkure

1. You borrow a friend's DaytonaC and/or steel BLRO
2. You sell them at gray mkt prices
3. you tell your friend you lost his/her watch but will get it back.
4. You wait 6 months till the equity markets have blown up
5. You buy the watches back below retail.
6. You give back to said friend
7. you pocket a handsome profit but might loose a friend.

Edit: this is a joke. Dont try at home

Can i borrow your DaytonaC or BLRO?

[afjag256]

Originally Posted by sinrolie

Can i borrow your DaytonaC or BLRO?

Wasn’t that the plot of Uncut Jems?

[jankymutt]

Originally Posted by 77T

A 401k is a qualified retirement plan that allows eligible employees of a company to save and invest for their own retirement on a tax deferred basis. Only an employer is allowed to sponsor a 401k for their employees. These contributions are typically deducted from your salary on a pre-tax basis.


Sent from my iPhone using Tapatalk Pro

If there are people on this forum buying $8k watches (and that's retail) and DO NOT know what a 401(k) is the world is completely screwed (as is these people's finances)!

[Singslinger]

Good to know.

[exador]

Originally Posted by jankymutt

If there are people on this forum buying $8k watches (and that's retail) and DO NOT know what a 401(k) is the world is completely screwed (as is these people's finances)!

You DO realise that not all forum members live in the United States don't you?

[jvb.nc]

Originally Posted by Tomas Eriksson

Who are these "actual" collectors and watch aficionados? Im pretty sure most of the members here wouldn't be collecting if there wasn't a potential short term economical upside.

i have never purchased a single watch with any forward consideration of value.

*shrug*

[locutus49]

That's damn un-American of them.

Originally Posted by exador

You DO realise that not all forum members live in the United States don't you?

[jankymutt]

Originally Posted by exador

You DO realise that not all forum members live in the United States don't you?

Fair point, Exador, but in my defense this is a thread about how Rolex prices are tying in to the global market which seems to be reacting to the potential coronavirus pandemic. Point being, this seemed to be a high level finance talk so I would assume participants would be well versed on global finance trends and terminology. I live in the US, but know about European pension/retirement plans (PERP, ForderRente,etc).

I do concede that my comment had an air of American imperialism rubbish and for that I apologize!

[Dlong]

DOW went down to 24k in January 2019. Don’t remember how that effected Rolex pricing as I wasn’t paying attention. If I were 20 years younger I would welcome a stock market dump. Buying opportunity. Takes balls , but investing is always painful.

Does anyone really buy a watch like they would a mutual fund or ETF. To me that’s crazy. It’s a friggin watch.

[newu5er]

Originally Posted by Dlong

DOW went down to 24k in January 2019. Don’t remember how that effected Rolex pricing as I wasn’t paying attention. If I were 20 years younger I would welcome a stock market dump. Buying opportunity. Takes balls , but investing is always painful.

Does anyone really buy a watch like they would a mutual fund or ETF. To me that’s crazy. It’s a friggin watch.

The difference is short term vs. long term. Fairly sure no one is holding Rolex watches as a long term investment vehicle. The main topic just spiraled towards investing/401k talk.

[ROLEX MAN]

Originally Posted by spersky

I suspect the slowdown from China and the Stock Market will greatly impact these ridiculous grey market prices in Rolex. In addition, the prices dropping will likely deter flippers and increase the calls AD's make to actual collectors and watch aficionados who will enjoy the watch.

Regards

And you heard it from the Horses mouth?

[Homo Sapien X]

Took a look at the display of a Rolex AD just now, the sport models and OPs are still not there.


Sent from my iPhone using Tapatalk

[No SUBctitute]

Matty, Pantheon, newu5er, Nairn, Uggi, RTG, Geck - I am dying here. You guys are freaking hilarious. Funniest forum award.

The very close win goes to Uggi. Shorting watch prices? Freaking hilarious. Genius.

Originally Posted by MattyL147

You heard it here first ladies and gents...

Originally Posted by Pantheon

Originally Posted by newu5er

Well this came outta nowhere!

Originally Posted by Nairn1980

Great to know, cheers

Originally Posted by Uggi

Great, how do I short watch prices?

Originally Posted by RTG

yawn

Originally Posted by Geckobros

[KenU]

Originally Posted by jltait

Buy the dip

And dont forget the chips!!

[jets]

Luxury brands want higher prices for image, brand identity, snob factor or whatever. They laugh at these boards when people harp about prices - they're the buyers they don't want. There's a wide world of watches dive in.

[WS9D]

Good thing I sold most my Rolexes and replaced them with Seikos!!!

[inadeje]

Originally Posted by shkure

1. You borrow a friend's DaytonaC and/or steel BLRO
2. You sell them at gray mkt prices
3. you tell your friend you lost his/her watch but will get it back.
4. You wait 6 months till the equity markets have blown up
5. You buy the watches back below retail.
6. You give back to said friend
7. you pocket a handsome profit but might loose a friend.

Edit: this is a joke. Dont try at home

[GradyPhilpott]

Originally Posted by Tomas Eriksson

Who are these "actual" collectors and watch aficionados? Im pretty sure most of the members here wouldn't be collecting if there wasn't a short term economical upside.

Well, here's one aficionado, who has no interest at all in any "potential short-term economical upside."

Maybe, "...most of the members here wouldn't be collecting if there wasn't a short term economical upside..., but there was a time when that wasn't so.

I look forward to the day when the speculators move on the next hot thing and leave the board to those who really appreciate the brand and love our watches for the joy they bring us instead of some short-term financial gain.

This board was a lot more fun before the nicknamers and the hustlers dominated.

[T-Bag]

Originally Posted by GradyPhilpott

Well, here's one aficionado, who has no interest at all in any "potential short-term economical upside."

Maybe, "...most of the members here wouldn't be collecting if there wasn't a short term economical upside..., but there was a time when that wasn't so.

I look forward to the day when the speculators move on the next hot thing and leave the board to those who really appreciate the brand and love our watches for the joy they bring us instead of some short-term financial gain.

This board was a lot more fun before the nicknamers and the hustlers dominated.

I am disgusted with it. Reminds me of Air Jordan Collectors from the 2000’s and 2010s. The filth that certain people put on YouTube is even worse. I miss the days of deciding whether to buy an LV, Daytona SS (either dial) or Explorer 2 (floating hands) in Scottsdale. I don’t respect the motherhoods that YouTube has made of this hobby

[Harry-57]

Originally Posted by jankymutt

If there are people on this forum buying $8k watches (and that's retail) and DO NOT know what a 401(k) is the world is completely screwed (as is these people's finances)!

I didn't realise the 401K was a world wide thing.

And until yesterday I'd never heard of it and didn't know it existed.

[jagwap]

It is not just the CoVid-19, which may just be the nudge over the tipping point. 10s of banks in China will not survive a 1.5% downturn without being propped up, due to huge bad loans. These are not tin-pot small town banks. If the central banks are already extended to support the industries hit by CoVid-19, then there may not be enough to go around.

OK, so what! It's only China. If China gets trouble, the world does. It's not just China production that is hit. Western factories are slowing due to parts not being shipped from China. Western companies products are not shipping from there. Also China is a major market for western products and services.

Also in the west, the checks and balances which were put in to stop a repeat of the banking crisis, are being removed. So experts have already said, the next bubble to burst is stocks due to inappropriate indexes.

Add to the fact that none of our money is worth what it was due to quantitive easing, then the worst case, is bad.

But it will be fine, I have a Rolex.

[Andad]

Originally Posted by GradyPhilpott

Well, here's one aficionado, who has no interest at all in any "potential short-term economical upside."

Maybe, "...most of the members here wouldn't be collecting if there wasn't a short term economical upside..., but there was a time when that wasn't so.

I look forward to the day when the speculators move on the next hot thing and leave the board to those who really appreciate the brand and love our watches for the joy they bring us instead of some short-term financial gain.

This board was a lot more fun before the nicknamers and the hustlers dominated.

I’m with you G.

[Uggi]

Originally Posted by Harry-57

I didn't realise the 401K was a world wide thing.

And until yesterday I'd never heard of it and didn't know it existed.

Think it's American for "pension". Not sure why they don't use the word "pension" though.

[AK797]

Originally Posted by newu5er

Neil, this also gave me a chuckle because you know there are plenty of people with high post counts that only post garbage.

Nope vast majority post like a WIS, you are thinking of those who joined in the last 3 years and with a few hundred "selective" posts, now those guys are under suspicion...

[beshannon]

Originally Posted by GradyPhilpott

Well, here's one aficionado, who has no interest at all in any "potential short-term economical upside."

Maybe, "...most of the members here wouldn't be collecting if there wasn't a short term economical upside..., but there was a time when that wasn't so.

I look forward to the day when the speculators move on the next hot thing and leave the board to those who really appreciate the brand and love our watches for the joy they bring us instead of some short-term financial gain.

This board was a lot more fun before the nicknamers and the hustlers dominated.

Brilliantly said and I completely agree. This forum is not what it used to be when people actually came here to talk about watches not shopping strategies, pricing arbitrage and comic books.