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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#121 |
"TRF" Member
Join Date: Jun 2014
Location: SEA
Watch: Subc
Posts: 147
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Imo, the insane prices were partly caused by the buying spree of people who made a lot of profits from their crypto investments, especially last year. And now that the crypto market is tanking, these people have stopped buying and are now offloading their assets.
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36 mm datejust SubmarinerC Blnr Blro |
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#122 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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Quote:
if you owned ONE bored ape last year i believe you got around $600-800k worth of free crypto through airdrops just from 2021 |
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#123 | |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,054
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Quote:
Art Basel Miami 2021 was full of crypto and NFT parties. Guess this year will be different. |
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#124 |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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same with time piece trading. people here really don't understand how much money was just falling out of the sky for those in the right place at the right time in crypto last year lol
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#125 | |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,054
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Quote:
There was also the huge meme stock boom too. Now that the party's over the hangover is starting to kick in. |
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#126 | |
"TRF" Member
Join Date: Aug 2018
Location: HK
Posts: 4,366
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Quote:
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#127 | |
"TRF" Member
Join Date: Jun 2021
Location: Europe
Posts: 499
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Quote:
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RLX: 116520 White, 116520 Black, 116710BLNR, 126710BLRO, 116400, 126610LN, 114060 | AP: 15300ST | PP: 5711/1A-011, 5146G-010 |
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#128 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,054
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#129 | |
"TRF" Member
Join Date: Jan 2022
Location: Charlotte, NC
Watch: Out
Posts: 512
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Quote:
Not many people will bring cash to buy rolex. In Mexico, it’s actually illegal due to money laundering Sent from my iPhone using Tapatalk |
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#130 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,054
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#131 |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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i didn't mean credit in that way. i would 100% always swipe a rolex and have in the past simply for the free points. i was referring to people swiping them then paying it off with interest, doing buy now pay later, or even taking loans out (because of the investment narrative) while not actually being able to afford them
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#132 |
"TRF" Member
Join Date: May 2017
Location: Indonesia
Posts: 423
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#133 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,054
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I've noticed that auction prices--particularly for vintage pieces--are still lower than what dealers are asking.
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#134 | |
2024 Pledge Member
Join Date: Aug 2019
Location: New York City
Posts: 531
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Quote:
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“Own time or time will own you.” —Brian Norgard |
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#135 | |
"TRF" Member
Join Date: Jan 2022
Location: Charlotte, NC
Watch: Out
Posts: 512
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Quote:
Everyone loves an idea to get rich quick Sent from my iPhone using Tapatalk |
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#136 |
"TRF" Member
Join Date: Feb 2021
Location: UK
Posts: 593
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#137 | |
"TRF" Member
Join Date: Sep 2021
Location: HK
Posts: 1,059
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Quote:
At the very height of value, a bored ape avged about 450k. If you could make $600k from just airdrops, each bored ape would be worth a lot more. anyways, now they are worth less than 100k. |
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#138 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
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It is cute that people keep commenting in this thread started by a banned member trying to pump their own sales
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Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock |
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#139 |
"TRF" Member
Join Date: Jan 2022
Location: Europe
Watch: PP AP ROLEX
Posts: 45
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5711/1R is now selling for around 180 USD, i believe this must be one of the most affected models in terms of drop. Beautiful watch hands down, but yet never actually worth 300-400-500 USD peak in march.
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#140 |
"TRF" Member
Join Date: Jan 2022
Location: Charlotte, NC
Watch: Out
Posts: 512
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#141 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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Quote:
correction on the 2021 part, it was 2022 and they also got 1 mutant ape which was 8 eth (~25k), peaked around 30 (~100k). so my number was a bit high based off just these 3 but not sure if they got more airdrops that i don't remember |
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#142 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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Quote:
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#143 | |
2024 Pledge Member
Join Date: Nov 2012
Location: USA
Watch: addiction issues
Posts: 37,003
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Quote:
This says it all doesn’t it lol
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#144 | |
"TRF" Member
Join Date: Sep 2021
Location: HK
Posts: 1,059
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Quote:
180k is still a very very nice premium over retail =/ I honestly don't think anyone ever bought one at 300k. |
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#145 | |
"TRF" Member
Join Date: Sep 2021
Location: HK
Posts: 1,059
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Quote:
nonetheless. the whole thing was a farce. hype + getting transactions and money moved = more money for creators. It has zero true value to society =/ |
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#146 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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Quote:
ape coin dropped at $10 is $100k for free over night if you sell upon arrival. the peak for it was $28 which means you would've made near $300k if you sold the top. the land was air dropped at 40 eth, it went down shortly after. don't know the peak but if you immediately sold both you made $200k for free + 20k-30k for the mutant whenever it dropped, and mutants peaked at around $100k. between those 3, total of about 250k guaranteed at minimum and 500k if you somehow managed to time the top i don't own any nfts and don't really understand them so that's a different conversation. my point was just that there were kids who made at least 200k for free through these air drops and there are tons more for other nfts. money was falling out of the sky for them as if the fed was printing it straight to their house. if you're in college and made 200k over night then buying a 5711 at grey market value is nothing because they have no value of money. on the time piece trading channel they had an episode where they had someone whos been in crypto since almost the beginning and he mentioned he bought a 41mm AP chrono from the ape coin air drop |
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#147 | |
Banned
Join Date: May 2022
Location: Ga
Posts: 78
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Quote:
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#148 |
"TRF" Member
Join Date: Oct 2019
Location: Europe
Posts: 583
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Gents - can we get back on topic please. No one here is interested in monkeys falling from the skies, or whatever it is you’re talking about.
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#149 |
"TRF" Member
Join Date: Apr 2010
Location: Europe
Posts: 399
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To put sources of income on the side there are so many bad news across all developed economies that people are sensing everything will go down. No one will buy watch now from grey expecting now expecting prices will go further down. Think the minimum where market may stabilise is return to late 2020 level ie hot models at 2x retail everything else close to retail or small discount
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#150 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,439
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Quote:
ironically you made 0 posts in this thread when it was "on topic" |
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