Glut of watches in secondhand market

[kog]

I've noticed over the past 3 weeks there has been a glut of Rolex watches hitting the secondhand market, do you think this is because people a fearing an impending recession and are dispensing with some of their luxury items?

[mountainjogger]

[jimcameron]

I think it is because lots of buyers figure they will flip at Christmas time and make a fortune. It is one of the loathsome aspect of the inflated cost of Rolex.

[soicanbefree]

Ok I will bite.

How many listings were there 3 weeks ago for the models you are referencing?

How many listings are there today?

What is the percentage increase?

Better yet what is the year over year change?

Or are we just talking about your feelings?

[dcash0615]

I think there was a lot of inventory moving from B to B, driving prices up through perceived scarcity. This kept a lot of watches out of the hands of end users. Now that the prices have softened some, more dealers (B) may be trying to sell to end users (C). Just a thought.

[scurfa]

I follow all the auction houses in the U.K. and get an email every day with all the listings, todays email had 48 Rolex watches listed, it’s like that most days now and that’s triple the amount I was seeing 6 months ago

[1William]

Welcome to the holidays.

[kog]

"I think it is because lots of buyers figure they will flip at Christmas time and make a fortune. It is one of the loathsome aspect of the inflated cost of Rolex."

[kog]

"I think it is because lots of buyers figure they will flip at Christmas time and make a fortune. It is one of the loathsome aspect of the inflated cost of Rolex.

Sorry for the slight delay, but yes sounds plausable. So after xmas the numbers should dry up then??

[Art 1]

I was in some second hand shops in Florida the last several days and saw so many desirable Rolex watches it wasn't funny. Any thing a person could want many times over.

[t65tampa]

Moving stock during the busiest shopping month of the year. Nothing new or surprising.

[Sublovin]

Most grey dealers I have seen seem to have an abundance of inventory. Aside from a couple pieces which truly seem scarce, watches like BLNR, Pepsi, Sub, and even Daytona are abundant.
I think we are reaching a point where most everyone who wants one of these and is willing to pay a steep premium, has gotten one.
Also, every day there are fewer people searching, because they are getting the AD call.
Market saturation is almost inevitable because they are still making them.
Grey prices will have to drop and drop as the need to clear inventory increases.


Sent from my iPhone using Tapatalk

[Speedsleev]

This happened last year as well, Rolex sent boxes in the 4th quarter for the last of the year and the holidays. It will dry up again.

[RKTINC1]

I visited two AD's this week and found several new-own stock items. Most were 18k higher end items. Huge discount over new but still used items with diminished warranty. There are just few people buying 20 to 30k price range. Both AD's followed up with calls and text. The prices seem a bit high to me and I am really not ready to pull the trigger so I am going to wait past the holiday season and then maybe a recession period to make a big watch purchase.

[beshannon]

Originally Posted by kog

I've noticed over the past 3 weeks there has been a glut of Rolex watches hitting the secondhand market

So you are saying the shortage is over?

So are you saying prices will go down?

[watchwatcher]

There's been a glut of watches on the secondary market for as long as I can remember. The only difference is, they're asking more money for them.

[1665fan]

Originally Posted by watchwatcher

There's been a glut of watches on the secondary market for as long as I can remember. The only difference is, they're asking more money for them.

That’s what I was thinking lol

[fsprow]

My experience, recently in Dubai and here in NYC (Hudson Yards AD-WOS and 47th Street resellers) is that the market is very strong for both SS and PM Rolex. Particularly from Asian buyers. Inventories are high, but moving in and out quickly.