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24 January 2023, 10:38 AM | #2881 | |
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Prices slump by up to 50% for discontinued Rolex watches (Watchpro)
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Sir, I will not be providing you a bump analysis plotted as a function of date. The forum sales area moves quickly. Many bumps have always been required to be seen. Choose your battles.
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24 January 2023, 11:13 AM | #2882 |
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You sure? I haven't seen anyone in this thread come back to say they bought one of these bargain priced watches off Moda yet. This seems to be a mental exercise for everyone it looks like. No one willing to put their money where their mouth is with these moda deals. But what I DO SEE are people transacting at the higher prices from big trusted grey dealers.
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24 January 2023, 11:17 AM | #2883 | ||
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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24 January 2023, 11:33 AM | #2884 | |
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This seems to be the vast majority of peoples' experience with Moda. If you buy the seller you can't go wrong. Once you get comfortable with that, I am not sure why anyone would want to pay inflated grey prices. |
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24 January 2023, 11:35 AM | #2885 | |
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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24 January 2023, 12:28 PM | #2886 | |
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I’d buy off Moda myself and wish I had in the past. But the only model I’d consider atm is a 505 to go with my 515 but I don’t need another watch. Have way to many as it is.
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24 January 2023, 03:02 PM | #2887 |
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Watch listings from greys on this forums seem to show that the watch market is picking back up. Prices are higher compared to just two weeks ago.
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24 January 2023, 07:30 PM | #2888 | |
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But if they are actually selling at higher prices i doubt. If it´s correct that they are sending out less watches here in January, which make sense, prices might at least have stabilized for a short period. But i would expect the next few month to be more challenging, and surprised if we have reached the bottom already. We will properly see a change in production this year as well, with more SS and less PM watches being made, to ensure the PM prices don´t collaps, which will keep SS prices dropping. |
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24 January 2023, 08:43 PM | #2889 |
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RE: Moda, I’ve bought and sold 6 figures of watches on there with no problems. It’s just like buying or selling on here or WUS.
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26 January 2023, 05:15 AM | #2890 | |
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26 January 2023, 08:26 AM | #2891 |
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Are all the dealers on Moda mainly US based? I almost want to sign up for Facebook just to see all the great deals I'm missing out on lol
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26 January 2023, 08:31 AM | #2892 |
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White gold slider sub for 32.X at auction is hilariously bad.
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26 January 2023, 09:45 AM | #2893 |
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26 January 2023, 10:16 AM | #2894 |
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26 January 2023, 10:32 AM | #2895 | |
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That's not right. There's overseas people on there. Singapore. UAE etc.
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26 January 2023, 11:13 AM | #2896 | |
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I’ve transacted through Moda a few times now. A couple great deals were had (20-30% cheaper than other grey dealer prices). Though as a few other members recently noted, Moda’s prices have gotten worse in the last month. Some asking prices are ambitious as of late. An example of this is a dealer recently listed a Patek 5160 from 2021 for $193. There are two recent comps from auction houses for this reference, one being Phillip’s Geneva auction in November where another 5160 from 2021 sold for 132,200 CHF (on the day of the auction the exchange rate was nearly 1:1). I can not see how this is any where near what this reference would fetch today, and I’ll also note that this dealer is known within Moda to have really good pricing. Possibly, he is listing it on consignment? Sent from my iPhone using Tapatalk |
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26 January 2023, 11:27 AM | #2897 |
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The problem with MODA these days is they have accepted every dick and harry into the groups. That means there are ppl listing with prices not in-line with the market and some of those posts get approved.
Some listings are way off whack from where the market is. (i.e) I saw a Blue SkyD on Jubillee listed for $24-$25k or something like that and then the mods pulled the listing because it was not market price. So do not ever take a single listing as market price not even on MODA. The market is not improving whatsoever. I know so many ppl now that got burnt investing in watches including myself and my very close friends. We've lost well over $150k in value in watches so far and we cant even flip them that easy because dealers wont buy or offer offensive prices. |
26 January 2023, 12:51 PM | #2898 | |
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26 January 2023, 03:06 PM | #2899 |
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26 January 2023, 03:38 PM | #2900 |
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Yeah interesting on moda. It’s like somebody flipped a switch and everybody started asking 10% more for their watches but the recent no reserve auction results have been really low
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26 January 2023, 03:55 PM | #2901 |
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26 January 2023, 04:23 PM | #2902 |
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Yeah and despite the incessant “you’re giving this away” or “get it now before the price goes back up” bumps they arent selling. I truly don’t understand what some of these guys are doing. Why in the world do they think that a Batgirl that didn’t sell a week ago at 15.5k would sell this week for 16.5k? Makes no sense.
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26 January 2023, 05:08 PM | #2903 |
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26 January 2023, 09:19 PM | #2904 | ||
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The desperation is higher than ever. DM some of these guys - you’ll be shocked the price they offer compared to what they listed it for
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AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
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26 January 2023, 10:03 PM | #2905 | |
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I’m assuming these guys posting Sent from my iPhone using Tapatalk |
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26 January 2023, 10:06 PM | #2906 | |
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There's surely a bored social media crowd there too that just posts memes and cheerleads.
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26 January 2023, 10:45 PM | #2907 |
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Moda and this forum are pretty much the same, some people talking them up and some people talking them down.
I'm on the fence, I have a nice collection so if they go back up then I'll sell because I'm sick of this crap now, but if they go down then I'll buy because maybe we'll be finally rid of the 'watches as investments' crap and I can get back to the hobby. At the moment advertised prices seen to be creeping up, but actual cash exchanging hands is lower than advertised prices, so it's anyones guess. My guess is the market isn't there for another bull run. |
26 January 2023, 10:58 PM | #2908 | |
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27 January 2023, 12:24 AM | #2909 |
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I'm not saying you're not. But to call me a liar when I am posting fact is not on.
I'm stating that we tried to join and were denied as it asks what USA city you're in. We put a non USA city. They denied us and said only USA. Maybe you got in before that rule. But to call me a liar doesn't change fact. |
27 January 2023, 01:49 AM | #2910 | |
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It's all smoke and mirrors. If you want to see how bad the market is watch a few of the videos from the latest Miami IWJG. Full of people saying "but I paid 'x' for this watch!!!" when they are offered significantly less. It's a buyers market and no cabal of online watch dealers will be able to change that anytime soon. You have dealers sitting on tons of inventory they bought on credit that they overpaid on and are desperately trying to convince people everything is fine and dandy. |
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