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Old 18 February 2024, 01:02 PM   #5071
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Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

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Did you buy the dip in stocks last year? It's easy to say that when stocks are at their highs, not so easy to buy when they are making new lows. Kinda like whats happening in watches now, not so easy to buy the dip when it's happening.
The point is that 5.5% risk free is likely what took the wind out of the sails.

Parking extra money in Rolex is fun and made more sense when the risk free yield was 0%. Until the easy money returns I don't think watches will see those highs again.

I have bought several watches "grey" the last 2 months during this dip.
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Old 19 February 2024, 08:03 AM   #5072
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The point is that 5.5% risk free is likely what took the wind out of the sails.

Parking extra money in Rolex is fun and made more sense when the risk free yield was 0%. Until the easy money returns I don't think watches will see those highs again.

I have bought several watches "grey" the last 2 months during this dip.
Nice work. You don't get the warranty with grey market watches, but I'm sure you got great prices so probably doesn't matter
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Old 19 February 2024, 08:09 AM   #5073
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Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

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Nice work. You don't get the warranty with grey market watches, but I'm sure you got great prices so probably doesn't matter

I don't think any Rolex are actually grey market. They all have cards white tags papers etc.
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Old 19 February 2024, 11:25 PM   #5074
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Nice work. You don't get the warranty with grey market watches, but I'm sure you got great prices so probably doesn't matter
Warranty follows the watch.
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Old 20 February 2024, 12:10 AM   #5075
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Warranty follows the watch.
No grey market watches have a warranty. Non of them, never, none
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Old 20 February 2024, 05:23 AM   #5076
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No grey market watches have a warranty. Non of them, never, none

Huh?


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Old 20 February 2024, 06:19 AM   #5077
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No grey market watches have a warranty. Non of them, never, none
Most NIB and pre owned watches for sale on this forum come with warranty card and sellers explicitly state watches are under factory warranty. Not sure what you are talking about.

Last edited by Watchman001; 20 February 2024 at 06:19 AM.. Reason: Typo
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Old 20 February 2024, 10:13 AM   #5078
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Most NIB and pre owned watches for sale on this forum come with warranty card and sellers explicitly state watches are under factory warranty. Not sure what you are talking about.

He's being pedantic. Grey market vs resale market (AD flip). Most people use them interchangeably but they aren't in fact the same thing.
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Old 20 February 2024, 11:23 AM   #5079
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Did you buy the dip in stocks last year? It's easy to say that when stocks are at their highs, not so easy to buy when they are making new lows. Kinda like whats happening in watches now, not so easy to buy the dip when it's happening.
I think they are still fundamentally grossly overpriced.

I say this as a guy that buys distressed consumer companies lol
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Old 21 February 2024, 04:18 AM   #5080
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He's being pedantic. Grey market vs resale market (AD flip). Most people use them interchangeably but they aren't in fact the same thing.
Hey everyone, new member and maybe a weird first post, but...

I'm here reading and trying to learn, but don't understand the inherent differences in your comment?

I'm learning my way around the forum, is there somewhere nubes should do our homework before peppering everyone with annoying questions?
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Old 21 February 2024, 06:23 AM   #5081
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Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

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Originally Posted by DougUSMC View Post
Hey everyone, new member and maybe a weird first post, but...

I'm here reading and trying to learn, but don't understand the inherent differences in your comment?

I'm learning my way around the forum, is there somewhere nubes should do our homework before peppering everyone with annoying questions?

Grey market: not sold through authorized channel. Factory warranty never valid.

(Not really possible with Rolex)

Reseller market: originally purchased from authorized dealer, warranty activated, then sold to a dealer or private party. Warranty follows the watch (in theory).
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Old 21 February 2024, 06:38 AM   #5082
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Curious what pricing is for stainless Patek 5164 on Moda and trading groups now that it has been discontinued? I appreciate lower price options might not have papers, etc.


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Old 21 February 2024, 04:31 PM   #5083
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15500st fullset just went for $30.5k at auction (if you even believe that it’s not a shill bid). That’s literally retail price in CA
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Old 21 February 2024, 04:41 PM   #5084
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Vince saw a slider condition 43mm stainless (black/grey dial) ROO for 30k on moda and was up for hours with no takers. These things are tanking


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Old 21 February 2024, 04:48 PM   #5085
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Vince saw a slider condition 43mm stainless (black/grey dial) ROO for 30k on moda and was up for hours with no takers. These things are tanking


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Yeah, agreed. Royal Oaks/Offshores are having a more precipitous fall than anything else. Crazy how much jumbos have fallen too.
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Old 21 February 2024, 04:52 PM   #5086
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15500st fullset just went for $30.5k at auction (if you even believe that itís not a shill bid). Thatís literally retail price in CA
Pretty stoked. I liked my old RO for the $10k - $12k or w/e it was that I paid for it lol.

Would gladly own one for ~$20k again.
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Old 21 February 2024, 04:55 PM   #5087
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Pretty stoked. I liked my old RO for the $10k - $12k or w/e it was that I paid for it lol.

Would gladly own one for ~$20k again.

Same. Just tried one of the new ones on at the AP house the other day. Loved it. But not for retail. Def will be my next piece if prices continue this way.


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Old 21 February 2024, 04:56 PM   #5088
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Pretty stoked. I liked my old RO for the $10k - $12k or w/e it was that I paid for it lol.

Would gladly own one for ~$20k again.
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Same. Just tried one of the new ones on at the AP house the other day. Loved it. But not for retail. Def will be my next piece if prices continue this way.


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Agreed. If you’re a true collector you’re loving the trajectory. Past several years have been insanity.

There’s barely any pricing support as is, so pretty clear that there is more room to fall
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Old 28 February 2024, 05:04 AM   #5089
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Have we hit the bottom yet?
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Old 28 February 2024, 06:31 AM   #5090
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Started looking at 26393s (I.e. the new SS code 11.59s). Even the taupe one is now ok n C24 of all places for $29k, which is $8.5k lower than MSRP BEFORE tax added.

To the floor the go! Hope it's the Mariana Trench
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Old 28 February 2024, 06:44 AM   #5091
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Started looking at 26393s (I.e. the new SS code 11.59s). Even the taupe one is now ok n C24 of all places for $29k, which is $8.5k lower than MSRP BEFORE tax added.

To the floor the go! Hope it's the Mariana Trench

When you can easily get a 15510st in the 30s nobody is paying that for a code chrono. Would be a fun watch around 20k maybe.
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Old 28 February 2024, 09:52 AM   #5092
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When you can easily get a 15510st in the 30s nobody is paying that for a code chrono. Would be a fun watch around 20k maybe.

That's a great point!

I think the reversal of the grey market is going to kill assume of the resale value for less desirable pieces for sure.

My fave example is the 26420s. I love mine but at this point you're "down" $15k if you walk out the door.

Similar to your example, if you can pick up a full bracelet RO with minimal wear for $32k from a secondary dealer, are you really willing to plunk down $30k for a code 11.59? Or are you then waiting until the differential is more attractive, ie the Code Chrono has to be in the low 20s for it to make sense...
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Old 28 February 2024, 10:56 AM   #5093
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When do we see 116500s in the low 20s.


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Old 28 February 2024, 05:33 PM   #5094
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When do we see 116500s in the low 20s.
Not sure if we will ever do that....
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Old 28 February 2024, 06:23 PM   #5095
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Not sure if we will ever do that....

Agreed. Plenty of people would buy to hold at those prices. Watches aren't supposed to be investments but I'd hold at least 5 instead of gold coins at that price.
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Old 29 February 2024, 12:09 PM   #5096
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Mint fullset 15500 bid up to 27k and didn’t even meet reserve. That’s below MSRP+tax - with no pricing support, I think you’ll start seeing these trade below retail very soon.
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Old 2 March 2024, 06:48 PM   #5097
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Mint fullset 15500 bid up to 27k and didnít even meet reserve. Thatís below MSRP+tax - with no pricing support, I think youíll start seeing these trade below retail very soon.
Letís hope so! Wonder how 15510 still trades? The list for 155000 was lower I assume than the later one
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Old 3 March 2024, 03:09 AM   #5098
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Agreed. Plenty of people would buy to hold at those prices. Watches aren't supposed to be investments but I'd hold at least 5 instead of gold coins at that price.
I agree, I don't think a NIB 116500 is going down to the low 20s. If a white dial NIB was offered for 25, I would jump on it.
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Old 3 March 2024, 05:30 AM   #5099
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I agree, I don't think a NIB 116500 is going down to the low 20s. If a white dial NIB was offered for 25, I would jump on it.

You can get a mint one for 27-28
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Old 3 March 2024, 09:56 AM   #5100
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You can get a mint one for 27-28
That's good news. Once I am done writing tuition checks for my son, I can focus on that. I am holding out hope that I can get one from my AD but that's probably wishful thinking considering my spend history of only buying a SS Sub and DJ. That said, a NIB white dial 116500 for 25K and I would have to pull the trigger, any more and I am totally OK with waiting.
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