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

[Mathematoxic]

Originally Posted by GB-man

I hear that a lot but man how hard is it to fake a white tag lol

Gotta be careful out there rolex is a minefield.

That’s true too. White tags shouldn’t be hard to fake

[soicanbefree]

Originally Posted by Incroyable12

Honestly many vintage Rolexes aren't that rare either.

I've seen a ton of supposedly rare factory wood dial Rolex DDs come up in recent months.

There are also a lot of factory onyx DDs out there as well.

I have seen fake aftermarket Stella and Onyx dials in the past.

Anytime a generic 10K watch becomes a 30K, 40K, 50K watch with just a dial swap I think it becomes an inevitable temptation to fake.

Same goes for stupid stuff like those "Blueberry" inserts on GMTs. Amazing how they all came from basically the same dealer and there are no photos of any of them prior to whatever year... maybe 2000.

[Vince_76]

15500 went for 30.5k. Watch only. LOL where are all the people saying that we’ve hit a bottom?

It is going to get worse. Tell me one reason why the global economy, let alone the watch market, will pick back up anytime soon?

[AbeFroman]

Originally Posted by Vince_76

15500 went for 30.5k. Watch only. LOL where are all the people saying that we’ve hit a bottom?

It is going to get worse. Tell me one reason why the global economy, let alone the watch market, will pick back up anytime soon?

China opening up, at least according to Rolexpatek363.

[HelloMelo]

Originally Posted by Vince_76

15500 went for 30.5k. Watch only. LOL where are all the people saying that we’ve hit a bottom?

It is going to get worse. Tell me one reason why the global economy, let alone the watch market, will pick back up anytime soon?

Wow AP market seems like it’s getting hit harder. What’s MSRP on a 15500?


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[dmash]

Originally Posted by HelloMelo

Wow AP market seems like it’s getting hit harder. What’s MSRP on a 15500?


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about $29k out the door at AP NY

[Mathematoxic]

Originally Posted by AbeFroman

China opening up, at least according to Rolexpatek363.

Doubt it will make much changes to the current market direction. China’s economy isn’t all rosy now. Real estate facing problems too. No “sure win” properties anymore

[AbeFroman]

Originally Posted by Mathematoxic

Doubt it will make much changes to the current market direction. China’s economy isn’t all rosy now. Real estate facing problems too. No “sure win” properties anymore

It was sarcasm.

[dmash]

Originally Posted by AbeFroman

It was sarcasm.

[dmash]

Black Daytona at 25.5 and hasn’t sold within ~1hr. This is a complete set, not watch only.

Wow

Stuff is dropping fast

[messikens]

Originally Posted by dmash

Black Daytona at 25.5 and hasn’t sold within ~1hr. This is a complete set, not watch only.

Wow

Stuff is dropping fast

Any more price points on my favorite asks - 26420s and 26240s my man?

Thank you

[dmash]

Originally Posted by messikens

Any more price points on my favorite asks - 26420s and 26240s my man?

Thank you

Biggest price points for the 420 is the multiple 36k sells (and the one sitting for $36k right now on this very forum). That’s already wholly under retail, can’t see it seeping much more than that in the near future.

Haven’t seen a 240 listed lately

[eijiboy]

Now a bnib rg dd olive dial 51k


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[dmash]

Originally Posted by HelloMelo

Wow AP market seems like it’s getting hit harder.


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another factor here being overlooked is these are the prices for the ONE YEAR limited edition 50th models (when discussing 15510 and 26240). when the regular one's start being produced, there's absolutely zero reason why they will hold the same value as the 50th. so expect an even further drop then.

I would not be surprised whatsoever if by Summer '23 RO and ROC are MSRP + tax on grey.

[ExplorerI]

26240 sold for 58k recently on Moda. That’s down from 140k in the spring.

[dmash]

Originally Posted by ExplorerI

26240 sold for 58k recently on Moda. That’s down from 140k in the spring.

could you imagine buying one of those in the summer for a 'steal dip price' of $100k for them to now bring what they are? Sorry just have no remorse for them.

[eijiboy]

Skyd blue ouster now 23k and none buying


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[Apheaven]

Anyone having moda pricing for platinum president 228206 with glacier blue dial with blue Roman numerals? I am adjusting my insurance replacement values accordingly with quasi wholesale pricing.


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[messikens]

Originally Posted by dmash

another factor here being overlooked is these are the prices for the ONE YEAR limited edition 50th models (when discussing 15510 and 26240). when the regular one's start being produced, there's absolutely zero reason why they will hold the same value as the 50th. so expect an even further drop then.

I would not be surprised whatsoever if by Summer '23 RO and ROC are MSRP + tax on grey.

Same here... Bit sad tbh as it was a nice feeling to make a semi-wise decision on dumping tens of $ks on a completely unnecessary object.

That said - it is amazing how it went fron 120k for the 26240s to now 58k!!! That's still 20k over retail but a whole different ballgame . Can't imagine having a paper loss of 50k on such a trinket

[bobernet]

Originally Posted by messikens

Same here... Bit sad tbh as it was a nice feeling to make a semi-wise decision on dumping tens of $ks on a completely unnecessary object.

That said - it is amazing how it went fron 120k for the 26240s to now 58k!!! That's still 20k over retail but a whole different ballgame . Can't imagine having a paper loss of 50k on such a trinket

Surprising that people see it this way. Try to sell your wife's tennis bracelet, your used car, a 3 year old Kelly or Birkin….

There are exceptions in each of those categories, just like there has historically been in watches. For the most part, however, a big depreciation hit is what you should expect. Especially people buying at the peak of a very obvious hype bubble.

Buy watches to wear and enjoy, and it won’t matter.


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[GGGMT]

Originally Posted by bobernet

Buy watches to wear and enjoy, and it won’t matter.


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Enjoy? They’re just investments. Lol.


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[ExplorerI]

Originally Posted by Apheaven

Anyone having moda pricing for platinum president 228206 with glacier blue dial with blue Roman numerals? I am adjusting my insurance replacement values accordingly with quasi wholesale pricing.


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Wow that’s clean

[Andy0331]

Originally Posted by messikens

Can't imagine having a paper loss of 50k on such a trinket

That only happens when you think of it as an investment. The buyer "should" look at it as a real loss the moment they trade real money for it. I do assign a value to my collection on a spreadsheet, but I have them at 50-80% of MSRP or 80% of grey market price, whichever is lower. I really only do this because I've got a bean counting gene that makes me want to keep track. At the end of the day, while I know they have value, what can I really liquidate one for right now?

On the flip side, if I was actively looking to sell/trade into another watch, then yes, I would make a more accurate assessment of what it's worth today. But as far as looking at them as "assets" on a balance sheet, there's no point in inflating them like DJT would, while trying to get a bank loan.

[Andy0331]

Originally Posted by eijiboy

Skyd blue ouster now 23k and none buying

Yep. 22-23 for one on a jubilee is a deal I'm interested in, but only through a trusted seller. I'm confident they will get there soon enough, although if they keep dropping so rapidly, I might get greedy & hold out for 19-20.

I'm not sure it helps the seller's cause when he has 7 of them on his arm/wrist (5 oyster, 2 jubilee).

[dmash]

Originally Posted by Vince_76

15500 went for 30.5k. Watch only. LOL where are all the people saying that we’ve hit a bottom?

It is going to get worse. Tell me one reason why the global economy, let alone the watch market, will pick back up anytime soon?

Hahahah another 15500 listed for $38 and you’ve got the clown brigade posting ‘great price!’


Also got a 15510 grey auction going, interested where that one ends

[dmash]

Originally Posted by bobernet

Surprising that people see it this way. Try to sell your wife's tennis bracelet, your used car, a 3 year old Kelly or Birkin….

There are exceptions in each of those categories, just like there has historically been in watches. For the most part, however, a big depreciation hit is what you should expect. Especially people buying at the peak of a very obvious hype bubble.

Buy watches to wear and enjoy, and it won’t matter.


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Originally Posted by Andy0331

That only happens when you think of it as an investment. The buyer "should" look at it as a real loss the moment they trade real money for it. I do assign a value to my collection on a spreadsheet, but I have them at 50-80% of MSRP or 80% of grey market price, whichever is lower. I really only do this because I've got a bean counting gene that makes me want to keep track. At the end of the day, while I know they have value, what can I really liquidate one for right now?

On the flip side, if I was actively looking to sell/trade into another watch, then yes, I would make a more accurate assessment of what it's worth today. But as far as looking at them as "assets" on a balance sheet, there's no point in inflating them like DJT would, while trying to get a bank loan.

Spot on.

Been chirping for years, people new to the game have a completely insane way of thinking about watches. They’re not a means of currency, they’re not a hold of value, they’re not a blue chip stock. One should be absolutely ECSTATIC if his or her purchase even maintains MSRP after wearing.

[RanHong]

https://www.youtube.com/watch?v=cehSjMZpjuY

interesting video, talks about grey dealers artificially holding up prices.

[dmash]

Black Daytona

Full set

Sitting unsold at $25.5 for an entire day

[Apheaven]

Originally Posted by Apheaven

Anyone having moda pricing for platinum president 228206 with glacier blue dial with blue Roman numerals? I am adjusting my insurance replacement values accordingly with quasi wholesale pricing.


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Was thinking $60k? Was hoping to back up with data, but all good if there are none for sale on Moda.


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[bobernet]

Originally Posted by Apheaven

Was thinking $60k? Was hoping to back up with data, but all good if there are none for sale on Moda.


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I thought closer to 70k, but the prices seem to be dropping fast.


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