The UK pound is rising ! more stock ?

[garyfromleeds]

It sure look to me like the tide has changed thats for sure , watches on the secondary market are just not moving , I know this first hand as two of my friends are established watch dealers that run a bricks and mortar store and carry a large social media following also , one of them having only sold 2 watches in 2 weeks , one was a hulk in stickers for £10.5k and the other was a bi metal gmt , £9800 or £8900 I cant remember 2014 model so maybe the lower of the two .

one of my dealer friends is actually terrified and is offloading most if not all of his inventory , thats because he paid a premium for most of his stock and is trying his best to get out before he takes a hit on the prices he paid

On another note the UK pound has risen this week maybe this might also put buyers off from buying uk watches

I can see come January / February Batmans and hulks finally 10k or below ?

whats your thoughts ?

[Zakalwe]

Adrian?

[ratty]

Originally Posted by garyfromleeds

It sure look to me like the tide has changed thats for sure , watches on the secondary market are just not moving , I know this first hand as two of my friends are established watch dealers that run a bricks and mortar store and carry a large social media following also , one of them having only sold 2 watches in 2 weeks , one was a hulk in stickers for £10.5k and the other was a bi metal gmt , £9800 or £8900 I cant remember 2014 model so maybe the lower of the two .

one of my dealer friends is actually terrified and is offloading most if not all of his inventory , thats because he paid a premium for most of his stock and is trying his best to get out before he takes a hit on the prices he paid

On another note the UK pound has risen this week maybe this might also put buyers off from buying uk watches

I can see come January / February Batmans and hulks finally 10k or below ?

whats your thoughts ?

Would you tell us who your dealer friends are, maybe we can help them to offload some stock?

[Tavli3]

Originally Posted by garyfromleeds

It sure look to me like the tide has changed thats for sure , watches on the secondary market are just not moving , I know this first hand as two of my friends are established watch dealers that run a bricks and mortar store and carry a large social media following also , one of them having only sold 2 watches in 2 weeks , one was a hulk in stickers for £10.5k and the other was a bi metal gmt , £9800 or £8900 I cant remember 2014 model so maybe the lower of the two .



one of my dealer friends is actually terrified and is offloading most if not all of his inventory , thats because he paid a premium for most of his stock and is trying his best to get out before he takes a hit on the prices he paid



On another note the UK pound has risen this week maybe this might also put buyers off from buying uk watches



I can see come January / February Batmans and hulks finally 10k or below ?



whats your thoughts ?

Interesting post. Like first hand feedback especially regarding the panic. Weak hands will be forced to unload which will cause others to lower prices to move some steel. This is precisely why Rolex cannot increase production and should actually cut production as a precaution against a tsunami of panicked gray sellers.

I like to look at C24 and I’ve been noticing that all the hot SS sport model quantities have continued to inch up and prices inching down.
Nothing to get excited about yet but I think the tide is about to go out. Pure speculation on my part but I did see two white dial Daytonas for 22k and change today. I didn’t go through all 650 listings so there could be more in that range.

Still way over list but better than the 28K + everyone was asking not to long ago.


Sent from my iPhone using Tapatalk

[garyfromleeds]

Originally Posted by ratty

Would you tell us who your dealer friends are, maybe we can help them to offload some stock?

id rather not name names over the internet this just wouldn't be in their best interest but its fact I have it straight from the horses mouth , you need to follow the dealers on instagram you'll soon see the real prices realised for the watches we all love , forget the prices on watchfinder , eBay and even chrono 24 thats actually not the real world today my friend gets 43mm red sea dwellers for £9600 thats the market value not 11k see where im coming from ?

[schoolboy]

I hope you’re right!

[garyfromleeds]

Originally Posted by schoolboy

I hope you’re right!

The numbers speak for themselves , the market has had enough and about time too

[Xtralarg]

Originally Posted by garyfromleeds

The numbers speak for themselves , the market has had enough and about time too

Here here

[fskywalker]

[garbanzo]

The UK, the diminutive area within the continent of Europe ?
Wish u the best of luck, you will be stuck between two economic superpowers.
Personally, would have liked to have u on our side.

[-Ally-]

Originally Posted by garyfromleeds

I can see come January / February Batmans and hulks finally 10k or below ?

whats your thoughts ?

Wake me up when they get to RRP.

[Seibei]

Bring on Brexit!

[locutus49]

Not another thread on this subject.

[Seibei]

Originally Posted by Tavli3

Interesting post. Like first hand feedback especially regarding the panic. Weak hands will be forced to unload which will cause others to lower prices to move some steel. This is precisely why Rolex cannot increase production and should actually cut production as a precaution against a tsunami of panicked gray sellers.

Do you honestly believe that Rolex gives a flying f about "a tsunami of panicked gray sellers"? If you ask me, then nothing would please Rolex more than to see these dealers in a state of severe panic, with rivers of sweat splashing in all directions. They would no doubt be toasting in the finest champagne at Rolex headquarters.

[omx5o]

Originally Posted by garbanzo

The UK, the diminutive area within the continent of Europe ?

If you include Gibraltar it stretches all the way to the south.

[Tavli3]

Originally Posted by Seibei

Do you honestly believe that Rolex gives a flying f about "a tsunami of panicked gray sellers"? If you ask me, then nothing would please Rolex more than to see these dealers in a state of severe panic, with rivers of sweat splashing in all directions. They would no doubt be toasting in the finest champagne at Rolex headquarters.

They don’t give a crap about the grays they do however care about they value perception of their brand. Product dumping on secondary market will depress prices and maybe demand.
Imagine being able to buy at retail price from a gray with no wait. The ADs will see their demand drop significantly, toss in a global slowdown and now you have inventory building up everywhere. Exactly what Rolex and every other watch manufacturer doesn’t want.

Remember the hundreds of millions it cost Richmond to buy out excess inventory to save their brand image.

[Speed]

Originally Posted by Zakalwe

Adrian?

Hahahahahahah

[Onikage]

I'm surprised it's taken so long to be honest. Batmans and Hulks jubilees etc. I was fed up with them ages ago.

[scurfa]

Prices are dropping because loads are now coming through and the people on the ‘list’ are flippers not enthusiasts.

[Oxfordian]

Not sure that a drop in prices at greys will have much of an impact at AD level in the short term, what you will see over the next few months will be those buyers who were after a quick profit declining their watch thus allowing someone else to get one.

Slowly the casual flippers will start looking elsewhere for their easy money whilst the genuine traders will still be in the market as the demand will still continue to outstrip supply. You will still have to wait for a watch just not as long as you previously had to.

Values of the current 'unobtainables' will drop but remain above MSRP as there will still be an element of the human race who will still require their watch today, not tomorrow or next week or ........

For those of us wanting to buy to wear the change is very welcome as we should get our watches sooner. So if the rumours are true then it is interesting times ahead.

[Nairn1980]

Originally Posted by garyfromleeds

It sure look to me like the tide has changed thats for sure , watches on the secondary market are just not moving , I know this first hand as two of my friends are established watch dealers that run a bricks and mortar store and carry a large social media following also , one of them having only sold 2 watches in 2 weeks , one was a hulk in stickers for £10.5k and the other was a bi metal gmt , £9800 or £8900 I cant remember 2014 model so maybe the lower of the two .

one of my dealer friends is actually terrified and is offloading most if not all of his inventory , thats because he paid a premium for most of his stock and is trying his best to get out before he takes a hit on the prices he paid

On another note the UK pound has risen this week maybe this might also put buyers off from buying uk watches

I can see come January / February Batmans and hulks finally 10k or below ?

whats your thoughts ?

Who is this dealer? I’ve got a friend who fancies a hulk and if this dealer can get him one in stickers for £10.5k he could be keen.

Send me a PM? I never see these prices around these parts

[bezler]

Originally Posted by garyfromleeds

It sure look to me like the tide has changed thats for sure , watches on the secondary market are just not moving , I know this first hand as two of my friends are established watch dealers that run a bricks and mortar store and carry a large social media following also , one of them having only sold 2 watches in 2 weeks , one was a hulk in stickers for £10.5k and the other was a bi metal gmt , £9800 or £8900 I cant remember 2014 model so maybe the lower of the two .

one of my dealer friends is actually terrified and is offloading most if not all of his inventory , thats because he paid a premium for most of his stock and is trying his best to get out before he takes a hit on the prices he paid

On another note the UK pound has risen this week maybe this might also put buyers off from buying uk watches

I can see come January / February Batmans and hulks finally 10k or below ?

whats your thoughts ?

I'd like to believe this is happening, but I really would love to see some facts. Can you help a bit on that front?

Sent from my SM-J327P using Tapatalk

[Nairn1980]

Originally Posted by Zakalwe

Adrian?

He’ll be along soon I’m sure

[Sandpit]

Any minute now somebody will post an advert for an overpriced Daytona saying “the day I see Daytonas in AD windows is the day I’ll believe prices are dropping”.

[BisonHead]

Originally Posted by garbanzo

The UK, the diminutive area within the continent of Europe ?
Wish u the best of luck, you will be stuck between two economic superpowers.
Personally, would have liked to have u on our side.

Yeah right.

[Josh1000]

Originally Posted by omx5o

If you include Gibraltar it stretches all the way to the south.

Ha ha sore point

[Zakalwe]

Originally Posted by omx5o

If you include Gibraltar it stretches all the way to the south.

I missed this zinger first time round.

Very good

[dreyep]

Originally Posted by Zakalwe

Very good

The Gib may as well be the North Pole as far as the Falklands are concerned.