Is anyone buying now?

[Rolexatlast]

Originally Posted by fsprow

The Rolex factories are shut down for an indefinite period. They have also demonstrated in the past that they know how to control production to keep the price of their product high.

Maybe that’s their master plan. To remain closed until 2021, to maintain second hand prices and keep Greys in business?

[Bosscheto]

I think it depends a lot for how long you are closed and in which industry you are operating.

In Switzerland we are hoping to open in 2-3 weeks. Tomorrow they will announce the new measures, I hope they open hospitals, small shops and AD's as soon as possible, keep the children for 2-3 weeks and offer a strategy for the scholar year.

I have no idea how they will deal with the schools. On one hand, children under 11 at home means one parent not working - bad for the economy, on the other hand they can super spread the disease, and also a lot of Swiss households are father only working so go figure. Everyone is afraid of a second wave, which will completely destroy the economy. We are knocked down, a second one is a clear KO.

We are closed internationally till the 15th of June minimum. So tourism, local AD's (selling to tourists) and festivals are all dead. The Swiss franc is surging, against the Euro - this will not make exports better. Businesses like mine (consultant) relying on international travel are also screwed. Also another issue is the global supply chain and global trade - Switzerland is an exporting economy - 2 out of 3 Swiss francs come from abroad - how do we reverse this shit, I have no idea. So far Government is injecting in companies, to reduce unemployment, but warned us that they cannot save all.

Also - sports, mass events forget about this till we get a vaccine, thats what 12-18 months.

US is behind us in terms of lock-down, so I guess you will have 4-5 more weeks. You have a massive American market, so if you open gradually your market will be enough to preserve a lot of business. I really do not see how Vegas will survive, the whole fucking city will collapse cause it is build around the Casinos. Atlanta maybe, not an expert. Travel, Tourism, mass events this will be over for a year minimum, also NY and other massive metropolitan areas will always be vulnerable to a new wave. I do not know, I am curious to see what Americans think about it.

[GST15]

Bought YM 40 Rhodium last week from AD. Store is closed but they open by appointment only

[Citystar31]

I’ve bought a TT Rootbeer and just purchased a Batman from my Mexico AD but have to wait until they open to pick it up! In the market for my next watch as we speak!

[Rolexatlast]

Originally Posted by Citystar31

I’ve bought a TT Rootbeer and just purchased a Batman from my Mexico AD but have to wait until they open to pick it up! In the market for my next watch as we speak!

Are you not concerned that the AD may cease trading, and you loose your money?

[Morrison0]

I bought a Daytona Black...


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[Gee2789]

The sentiments on this thread echo my own view of the larger equities market as a whole. It’s weird to see how everything was in free fall just a month ago, but now things are . . . “Stabilized”?

I saw that stocks are now back to mid-2019 territory and I distinctly remember feeling that was a bit frothy even then. Much less facing an indeterminate time of continued quarantine.

So maybe whatever is juicing the markets is pushing overall consumer sentiments higher as well.

[Rolexavidfan]

I won’t be buying any watches soon, and may probably sell 2 or 3 that I hardly wore. I’ll ride out the impending storm. Having said that, I’ll try to continue to support my AD when I get the call.


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[WatchEater666]

Originally Posted by Gee2789

The sentiments on this thread echo my own view of the larger equities market as a whole. It’s weird to see how everything was in free fall just a month ago, but now things are . . . “Stabilized”?

I saw that stocks are now back to mid-2019 territory and I distinctly remember feeling that was a bit frothy even then. Much less facing an indeterminate time of continued quarantine.

So maybe whatever is juicing the markets is pushing overall consumer sentiments higher as well.

It makes no sense how equities haven't even dropped meaningfully despite very real long term damage to the economy...

Magical fed.

[Ntoz]

Some people are buying actually. Would sneak if I hear about a Daytona too

[kwingy]

Originally Posted by Ntoz

Some people are buying actually. Would sneak if I hear about a Daytona too

Yep can't see anyone saying no to a Daytona at retail. You would find the money somewhere to purchase if you got the call.

[Podmornica]

Originally Posted by Bosscheto

I think it depends a lot for how long you are closed and in which industry you are operating.

In Switzerland we are hoping to open in 2-3 weeks. Tomorrow they will announce the new measures, I hope they open hospitals, small shops and AD's as soon as possible, keep the children for 2-3 weeks and offer a strategy for the scholar year.

I have no idea how they will deal with the schools. On one hand, children under 11 at home means one parent not working - bad for the economy, on the other hand they can super spread the disease, and also a lot of Swiss households are father only working so go figure. Everyone is afraid of a second wave, which will completely destroy the economy. We are knocked down, a second one is a clear KO.

We are closed internationally till the 15th of June minimum. So tourism, local AD's (selling to tourists) and festivals are all dead. The Swiss franc is surging, against the Euro - this will not make exports better. Businesses like mine (consultant) relying on international travel are also screwed. Also another issue is the global supply chain and global trade - Switzerland is an exporting economy - 2 out of 3 Swiss francs come from abroad - how do we reverse this shit, I have no idea. So far Government is injecting in companies, to reduce unemployment, but warned us that they cannot save all.

Also - sports, mass events forget about this till we get a vaccine, thats what 12-18 months.

US is behind us in terms of lock-down, so I guess you will have 4-5 more weeks. You have a massive American market, so if you open gradually your market will be enough to preserve a lot of business. I really do not see how Vegas will survive, the whole fucking city will collapse cause it is build around the Casinos. Atlanta maybe, not an expert. Travel, Tourism, mass events this will be over for a year minimum, also NY and other massive metropolitan areas will always be vulnerable to a new wave. I do not know, I am curious to see what Americans think about it.

Hey, I think you are looking too strong on all this. The sports and gamble will reopen sooner than later. There's too much money involved there to stay closed for the upcoming 18 months that you mentioned. There would be heavy social unrest in that scenario that would far outweigh the Corona effect ..

[Pongster]

Finally took delivery of first watch I acquired during quarantine.

Paid on March 24th. Seller in Warsaw. I’m in Manila.

After issues with courier and Polish customs, was shipped on April 7th.

Arrived in Philippines on April 11th. Cleared customs and brought to Manila on April 14th (under normal circumstances, i would have received within same day or next day at latest).

But due to quarantine, decided to pick up instead of wait for delivery.

Now looking forward to next purchase.

[yoniman]

Originally Posted by Pongster

Finally took delivery of first watch I acquired during quarantine.



Paid on March 24th. Seller in Warsaw. I’m in Manila.



After issues with courier and Polish customs, was shipped on April 7th.



Arrived in Philippines on April 11th. Cleared customs and brought to Manila on April 14th (under normal circumstances, i would have received within same day or next day at latest).



But due to quarantine, decided to pick up instead of wait for delivery.



Now looking forward to next purchase.

Ang lupet! ( That is so awesome )

Ano binili mo? Post pix


It's just all about health, happiness & family. The rest are just necessary inconvenience we have to deal with.

[Watchdaytona]

I sold my white dial Daytona 116500LN, prices are dropping and I'll buy it back in better times or I'll live without it. I loved the watch but feel it could of been better if it was a true panda, the black/white sub dials weren't quite right. Rolex missed an opportunity to make a real statement when they just popped a ceramic bezel on the old watch without updating the dial.

I sold because I feel this is just the start of a massive downturn, I fear house prices will plummet and the worst is to come as the stimulus and unemployment runs out, the last thing many people need is a $10k piece of metal on their wrist. I sold $34k of watches in the last month. It doesn't make sense for me financially to have all these watches now and TBH, I don't miss them. I understand that many people have plenty of money and this won't affect them, so they'll keep buying and hold their watches. I do have a few watches left to enjoy. I'm sure many people who stretched to buy a Rolex in the last few years maybe looking to sell their watch if they are made unemployed and have bills to pay, I certainly don't think these watches will plummet below cost and a very few such as the Daytona will remain above retail but they rapidly rose to $22-25k for a white 116500 in the last two year, I feel they will drop back to $16-17k. Still a fair amount over retail, there are 1000's of them sitting around unsold at $21k. I suspect those who wanted one and were happy to pay grey market price have done so, many will wait to buy from the AD's.

I have heard many dealers are trying to hold on as long as possible before dropping prices but inevitably if this shut down goes on much long they will be forced to sell and prices will drop. I hope I'm wrong but I fear the worst.

[johnjm]

Originally Posted by Watchdaytona

I sold my white dial Daytona 116500LN, prices are dropping and I'll buy it back in better times. I think this is just the start of a massive downturn, I fear house prices will plummet, the last thing many people need is a $10k piece of metal on their wrist. I sold $34k of watches in the last month. It doesn't make sense for me personally to have all these watches now and TBH, I don't miss them. I'd rather have the money, I'll buy them back if want in better times. I understand that many people have plenty of money and this won't affect them, so they'll keep buying and hold their watches.

I'm sure many people who stretched to buy a Rolex in the last few years maybe looking to sell their watch if they are made unemployed and have bills to pay.

Did you buy at retail? Sounds like you bought at grey pricing.

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[Bosscheto]

Originally Posted by Podmornica

Hey, I think you are looking too strong on all this. The sports and gamble will reopen sooner than later. There's too much money involved there to stay closed for the upcoming 18 months that you mentioned. There would be heavy social unrest in that scenario that would far outweigh the Corona effect ..

I do not know about the gambling, I am not an expert on the topic and I just speculate. On association football, I am kind of in, I have worked with UEFA as an external consultant, and have lots of friends in it.

The only official plan is made by Germany, who are planning to finish the season behind closed doors in June, and play the entire next seasons on empty stadiums. I guess when the vaccine pops up, they will open the stadiums mid season as well, but this is the plan. All the rest are negotiating, and you have a lot of people in Spain and Italy (two of the most traumatized countries in Europe) demanding cancelation. Belgium also is heavily hit and canceled already 2019 - 2020.

Now if you are Man Utd or Liverpool or Real - playing behind closed doors but getting TV money is not going to bankrupt you, though severely decreases your revenues 25% ish with the corporate hospitality, but if you are a smaller club this could make it half of it. If you are in a lower devisions match-day is 80% of your revenues, so Covid will ravage low league football.

[padi56]

Originally Posted by Rolexatlast

Maybe that’s their master plan. To remain closed until 2021, to maintain second hand prices and keep Greys in business?

Complete and utter nonsense.

[Pongster]

Originally Posted by yoniman

Ang lupet! ( That is so awesome )

Ano binili mo? Post pix


It's just all about health, happiness & family. The rest are just necessary inconvenience we have to deal with.

Thank you sir (salamat).

A minute repeater from IWC. Ref IW5240.

Here it is. Incoming. After 25 days from payment. Maybe about two months with negotiations with the seller. But been hunting this since last year. Going thru several sellers.






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[Watchdaytona]

Originally Posted by johnjm

Did you buy at retail? Sounds like you bought at grey pricing.

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No I was fortunate I bought it at retail two years ago before the price increase and sold it two weeks ago to a dealer. I'm glad I did, If I miss the watch I'll buy another in a year or so, does anyone think they are going to go up in value over the next 2-3 years and I won't be able to buy back in? I think it peaked at $23-25k and there will be deals to be had on used models.

[johnjm]

Originally Posted by Watchdaytona

No I was fortunate I bought it at retail two years ago before the price increase and sold it two weeks ago to a dealer. I'm glad I did, If I miss the watch I'll buy another in a year or so, does anyone think they are going to go up in value over the next 2-3 years. I think it peaked at $23-25k and there will be deals to be had.

To each his own I suppose. I got mine at retail as well but won't be parting with it. Will be my daughters 21st gift one day.

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[UK_]

This thread amazes me in the difference in Europe and the US.

Europe (particularly where I am in the UK)

- complete national lockdown
- all retail closed
- travel banned apart from work
- food compliance from population
- all flights (practically) grounded
- massive portions of the workforce furloughed
- 12,000 dead from the virus.


US (and I know this is only from here so 100% not representative!)
- people ‘gotta live life’ so up going on holiday
- retail still open in places
- flights still operating on a much larger scale than Europe (look at flight24)
- gatherings still happening, no national lockdown
- record levels of unemployment claims
- 32,000 dead from the virus

I think I’m the whole, people are more worried here about the economy and their jobs than buying Rolex right now, what ever an AD says.


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[Watchdaytona]

Originally Posted by johnjm

To each his own I suppose. I got mine at retail as well but won't be parting with it. Will be my daughters 21st gift one day.

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That will be a lovely gift for your daughter and she is lucky to have such a thoughtful father. I considered giving it to my son and that was my initial idea but he is quite young so keeping the watch for over 20 years didn't make much sense to me. I'd rather invest the money now and see what I can do with it. If money was no object to me I'd love to own these watches but for me personally its a lot of money to have parked around in a watch even though I paid retail I sold it for over $21k. I suppose its about comfort levels that we have as individuals in these uncertain times and I feel the money is more useful to me than the watch at this point.

[johnjm]

Originally Posted by Watchdaytona

That will be a lovely gift for your daughter and she is lucky to have such a thoughtful father. I considered giving it to my son and that was my initial idea but he is quite young so keeping the watch for over 20 years didn't make much sense to me. I'd rather invest the money now and see what I can do with it. If money was no object to me I'd love to own these watches but for me personally its a lot of money to have parked around in a watch even though I paid retail I sold it for over $21k. I suppose its about comfort levels that we have as individuals in these uncertain times and I feel the money is more useful to me than the watch at this point.

My daughter is two ;)

I hear what you are saying though, let's see what comes out of this pandemic mess...

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[UK_]

Originally Posted by Podmornica

Hey, I think you are looking too strong on all this. The sports and gamble will reopen sooner than later. There's too much money involved there to stay closed for the upcoming 18 months that you mentioned. There would be heavy social unrest in that scenario that would far outweigh the Corona effect ..

Heavy social unrest from not watching sport?

People are more intelligent than that I think.

The closest we have come to social unrest is when basics are threatened - food, medicines etc.


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[Token74]

Originally Posted by padi56

Complete and utter nonsense.

Rare that we see exactly eye to eye - but on this, we absolutely do!


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[3sheets86]

Originally Posted by UK_

Heavy social unrest from not watching sport?

People are more intelligent than that I think.

The closest we have come to social unrest is when basics are threatened - food, medicines etc.


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I wouldn’t care if I never saw another football match again if it meant more people could be saved. I try to keep my mind off it all by indulging in safe hobbies that can be enjoyed without a crowd, watches being one them.

James martin’s on at the moment sporting a nice chocolate Daytona!

[fmc000]

Originally Posted by Pongster

Thank you sir (salamat).

A minute repeater from IWC. Ref IW5240.

Here it is. Incoming. After 25 days from payment. Maybe about two months with negotiations with the seller. But been hunting this since last year. Going thru several sellers.






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Wow, congratulations!!!

Inviato dal mio SM-T719 utilizzando Tapatalk

[Rolexatlast]

Originally Posted by Bosscheto

I do not know about the gambling, I am not an expert on the topic and I just speculate. On association football, I am kind of in, I have worked with UEFA as an external consultant, and have lots of friends in it.

The only official plan is made by Germany, who are planning to finish the season behind closed doors in June, and play the entire next seasons on empty stadiums. I guess when the vaccine pops up, they will open the stadiums mid season as well, but this is the plan. All the rest are negotiating, and you have a lot of people in Spain and Italy (two of the most traumatized countries in Europe) demanding cancelation. Belgium also is heavily hit and canceled already 2019 - 2020.

Now if you are Man Utd or Liverpool or Real - playing behind closed doors but getting TV money is not going to bankrupt you, though severely decreases your revenues 25% ish with the corporate hospitality, but if you are a smaller club this could make it half of it. If you are in a lower devisions match-day is 80% of your revenues, so Covid will ravage low league football.

Interesting about Germany and Belgium.

Regarding finances, sport doesn’t need the big money. They just need a field, and enough turnover to pay footballers minimum wage to train all day. Anything else is business and greed.

[Rolexatlast]

Originally Posted by Token74

Rare that we see exactly eye to eye - but on this, we absolutely do!


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Errr, I wasn’t actually being serious...

I still think the downward pressure on prices will come from freely available supply at MSRP from ADs (rather than distressed sellers).

Whereas, some seem to think Rolex will throttle this supply to maintain premium pricing - which I think is delusional