Can pre-owned Rolex prices shoot up with ADs locked down

[OutColed]

Originally Posted by superpop

Rolex is a mass produced fashion bauble that a very slim part of the population can afford. Of that group an even smaller number of people actually want to spend 10K plus on a piece of jewelry. What has been propping up and driving up the prices has been this microcosm of flippers that have seen Rolex as a way to make a few bucks. That strategy is over, if the flippers are holding inventory they are looking for an exit. They will be the first to suffer economically. Next will be the AD's and then finally Rolex. In my opinion Rolex has done irreparable damage to its very small and loyal customer base with the way it has handled the shortage situation over the past 5 years. This compounded with the overall economy and you have prices dropping through the floor.

Great post!!!

[GGGMT]

Originally Posted by tvandevelde

Getting cheaper by the day.

I’m not seeing this. I predicted it but not seeing it. What models? Seller?


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[Sandpit]

Originally Posted by GGGMT

I’m not seeing this. I predicted it but not seeing it. What models? Seller?


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I have been tracking certain prices for some time.

On around 15th January this year, David SW was advertising 'BNIB' 126710BLNR at $15,975.

On 3rd February this year, OC Rolex Guy was advertising one at $15,595.

Right now, you can get one for around $13k. There is BNIB piece advertised on Timezone at $11,500.

The 114060 is similar. 3rd Feb David SW advertised a BNIB model at $10,275. Today, you can get a LNIB from Takuya at $8,875.

[fsprow]

Originally Posted by aw9nineteen

Good friend is a manager at Porsche. He said they shut down production supplies will be low, which would make you think prices may rise, but the demand is going to be as low as it’s ever been. People are losing their jobs left and right, and even when it turns back on, it won’t do so fully. Fear has already set in..


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German car factories have been given the go ahead to reopen this week under new virus-related controls.



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[Marcjvr]

Originally Posted by syahriltaher

Nasdaq yoy +16%; ytd +1.5%

Large Cap Growth yoy +11%; ytd -3%

I believe these numbers mean something....

Rolex Price more or less related to those numbers...

Regards,

Do you believe markets are perfectly rational ?

[GGGMT]

Originally Posted by Sandpit

I have been tracking certain prices for some time.

On around 15th January this year, David SW was advertising 'BNIB' 126710BLNR at $15,975.

On 3rd February this year, OC Rolex Guy was advertising one at $15,595.

Right now, you can get one for around $13k. There is BNIB piece advertised on Timezone at $11,500.

The 114060 is similar. 3rd Feb David SW advertised a BNIB model at $10,275. Today, you can get a LNIB from Takuya at $8,875.

Good info Thku.


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[GGGMT]

Originally Posted by fsprow

German car factories have been given the go ahead to reopen this week under new virus-related controls.



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Hilarious — making cars that no one will buy.


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[fsprow]

Originally Posted by GGGMT

Hilarious — making cars that no one will buy.


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Gee, I have a new one on order. Guess I better cancel.


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[gold&black]

Originally Posted by Sandpit

I have been tracking certain prices for some time.

On around 15th January this year, David SW was advertising 'BNIB' 126710BLNR at $15,975.

On 3rd February this year, OC Rolex Guy was advertising one at $15,595.

Right now, you can get one for around $13k. There is BNIB piece advertised on Timezone at $11,500.

The 114060 is similar. 3rd Feb David SW advertised a BNIB model at $10,275. Today, you can get a LNIB from Takuya at $8,875.

The trend is down, I would agree!

[Arcticsub]

This thread has turned into some kind of cynical spiel/bragging contest about taking a victory lap in their new luxury sports car. During a depression no less. I'm out.

[syahriltaher]

No matter how difficult economy may seem, groups of people will survive...that's why Nasdaq yoy is +16% and Large Cap Growth is +10% yoy.....

These "Nasdaq" group will be the buyers of Rolex and Porsche....

Regards,