ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

KBM · 29 July 2018, 12:23 PM

Quote:

Originally Posted by Rocketman39

My 5513 Sub has been through a lot of "Crashes" in 52 years and I still have it. I bought it when in the Army making around $120 a month. I owned a pair of Levis and a couple of shirts.It was the first thing I really owned in my life. Everything else belonged to the
United States Army.

Another vote for seeing a picture of that sub!!

Rose Gold · 29 July 2018, 12:24 PM

Have you seen the movie Idiocracy? If not, watch it and see how real it is now.

Quote:

Originally Posted by SeaAndSky

And some utter fool will buy it. Donald Trump is in the White House. I don't shake my head at much anymore.

superdog · 29 July 2018, 12:30 PM

Quote:

Originally Posted by kauebm

Another vote for seeing a picture of that sub!!

Me too

superdog · 29 July 2018, 12:31 PM

Quote:

Originally Posted by hbombkid

I know a lot of things can happen in life and I believe I have planned correctly, but if the economy crashes and you need to sell a luxury watch you probably should not have one in the first place.

Agree with this too.

Seibei · 29 July 2018, 12:36 PM

I think most Rolex owners are fairly financially savvy. That means they buy low and sell high. During a crash, buy, don't sell. A crash represents buying opportunities, not selling.

mobster600 · 29 July 2018, 12:38 PM

Quote:

Originally Posted by Gogetter

Will a crash make a lot of watches available to the market ?

Yes that is a possibility

OR

The economy can grow, we can see increases in salary's and you could careless how many watches are on the market because your paying cash at an AD.......

you can sweep up a good deal in a shit market or hopefully we can all flourish and buy whatever we want..........

brucethemanlee · 29 July 2018, 12:39 PM

Quote:

Originally Posted by hbombkid

i know a lot of things can happen in life and i believe i have planned correctly, but if the economy crashes and you need to sell a luxury watch you probably should not have one in the first place.

+1

J_1964 · 29 July 2018, 01:06 PM

Quote:

Originally Posted by collarcity

We're due for a correction. Just saw a 16710 Coke for $23k. Just shaking my head...

Bought one three months ago. Good timing, huh?

JohnnyNoDate · 29 July 2018, 01:20 PM

Can't wait to pickup some new properties and a stupid Daytona (finally)...

gccmd · 29 July 2018, 01:29 PM

The gray market prices of some of the SS references is a sign of a bubble in the watch market. The same thing is evident if you look at some of the PP references (5711, 5712).

thomaspp · 29 July 2018, 01:40 PM

Modern watches got hit hard in ‘08. Vintage Rolex slowed but less so

Sent from my iPhone using Tapatalk

GradyPhilpott · 29 July 2018, 01:43 PM

What does history tell us?

Luxury items line shelves in Calgary pawn shops as recession deepens

Pawn shops get busier during a recession

Credit crisis forces rich Americans to pawn their designer belongings

ROLEX MAN · 29 July 2018, 01:54 PM

Me no sell

Me buy more

Me Tarzan

Then again Tarzan no need watch

Carry The Interest · 29 July 2018, 01:56 PM

Whole separate can of worms but I think we're well overdue for a pretty macro correction in the market.

If it happens, I am hoping I'll finally get the call on the white Daytona. Maybe they'll be able to sell me a BLRO at the same time too! I'll be waiting.

4srolex · 29 July 2018, 02:06 PM

Cash is king and I would be more of a buyer than seller. I remember homes that once sold in the neighborhood for 1.2 mill sell for under 800k during the housing crisis and now those same homes are going for just under 2 mill. Tesla and Facebook stock got crushed this week so maybe we are seeing the bubble finally starting to let some air out. Nobody can predict the future so just enjoy your watches.

oldman2005 · 29 July 2018, 02:57 PM

During the last great recession, I did notice the price drop on TRF and TZ. I have no doubt demand and price will drop at the next recession. Btw, I missed a few Zenith SS Daytona at the time.

MinMay · 29 July 2018, 03:05 PM

If it does, then I'll be buying more.

If people need to sell their watch during difficult times then they shouldn’t be wearing a luxury item in the first place.

Burlington · 29 July 2018, 03:08 PM

Quote:

Originally Posted by Seibei

I think most Rolex owners are fairly financially savvy. That means they buy low and sell high. During a crash, buy, don't sell. A crash represents buying opportunities, not selling.

Maybe more true for the TRF crowd, but less sure for the non WIS market.

henrylee · 29 July 2018, 03:21 PM

When is this crash? So I can buy some more Rolex watches!

glamorama · 29 July 2018, 03:44 PM

If that happens, I’d be looking out for some real high end pieces at discount. You can probably find good deals at auctions in those times. Don’t think steel Rolexes will be affected that much but finally they might be available at MSRP or less.

Uppersouth · 29 July 2018, 03:52 PM

2nd quarter GDP was at 4.1% growth. Too early to speak of a US crash just yet. I think we’ll see an Asian correction first. This will certainly have an impact on the watch industry. As for me I hope the markets avoid crashing with periodic corrections to rectify the overvaluation. LONG LIVE THE BOOM!

GBD · 29 July 2018, 03:54 PM

Since it's inevitable that the economy will tank at some point, it's also a near-certainty that demand for Rolexes will soften up.

Be waiting and ready to buy when that happens!

montecarlo77 · 29 July 2018, 04:00 PM

Many Rolex owners are not usually needing cash from their watches especially not the high end and hard to get models. Will there be some lower end date justs selling for a bit less in a protracted recession probably so, but Daytonas and the like won't be sold off cheap.

Vivalas · 29 July 2018, 06:12 PM

Quote:

Originally Posted by collarcity

We're due for a correction. Just saw a 16710 Coke for $23k. Just shaking my head...

Wow!

Terrakot · 29 July 2018, 06:16 PM

Quote:

Originally Posted by montecarlo77

Many Rolex owners are not usually needing cash from their watches especially not the high end and hard to get models. Will there be some lower end date justs selling for a bit less in a protracted recession probably so, but Daytonas and the like won't be sold off cheap.

I’d agree if not so many flippers for profit (BLRO, BLNR, LVc and Daytonas)

Rock · 29 July 2018, 07:05 PM

Maybe I have a bad memory - that is certainly possible - but I do not recall any significant drop in prices for Rolex watches post 2008. Certainly not here in Australia.

ejvette · 29 July 2018, 07:31 PM

I will be trading my watches for food stamps

Brew · 29 July 2018, 07:34 PM

I guess I'm not sufficiently worldly to understand the question. Will this market crash result in needing to sell watches for food? Or will this crash somehow drive up the value of watches? Either scenario doesn't seem too likely.

TK-710 · 29 July 2018, 09:00 PM

Quote:

Originally Posted by brandrea

I’d love to see a picture of your Submariner

He started a thread about it titled “Accidental Rolex.” It’s a great thread. I love the old military stories. I wish I had known more about watches when I first enlisted! Here’s a link to the photos.

https://www.rolexforums.com/showpost...0&postcount=54

Here’s a few more from a different thread.

https://www.rolexforums.com/showpost...9&postcount=25

brandrea · 29 July 2018, 09:02 PM

Quote:

Originally Posted by JES77

He started a thread about it titled “Accidental Rolex.” It’s a great thread. I love the old military stories. I wish I had known more about watches when I first enlisted! Here’s a link to the photos.

https://www.rolexforums.com/showpost...0&postcount=54

Thank you

Sent from my SM-G935W8 using Tapatalk

29 July 2018, 01:40 PM	#41
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,136	Modern watches got hit hard in ‘08. Vintage Rolex slowed but less so Sent from my iPhone using Tapatalk __________________ Instagram: @watches_anonymous

29 July 2018, 01:43 PM	#42
GradyPhilpott 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: 116710 BLNR Posts: 34,347	What does history tell us? Luxury items line shelves in Calgary pawn shops as recession deepens Pawn shops get busier during a recession Credit crisis forces rich Americans to pawn their designer belongings __________________ JJ Inaugural TRF $50 Watch Challenge Winner

29 July 2018, 01:54 PM	#43
ROLEX MAN 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jan 2008 Real Name: Martin Location: land down under Watch: you? "YES PLEASE"! Posts: 3,684	Me no sell Me buy more Me Tarzan Then again Tarzan no need watch __________________ *it's not just about telling the time...* *happy rolexing...* I'm just a man with a passion

29 July 2018, 02:06 PM	#45
4srolex "TRF" Member Join Date: Dec 2014 Location: West Coast Watch: Gears in motion Posts: 572	Cash is king and I would be more of a buyer than seller. I remember homes that once sold in the neighborhood for 1.2 mill sell for under 800k during the housing crisis and now those same homes are going for just under 2 mill. Tesla and Facebook stock got crushed this week so maybe we are seeing the bubble finally starting to let some air out. Nobody can predict the future so just enjoy your watches. __________________ Rolex, Zenith, Omega, Tag Heuer When people ask how was your day? I tell them: "Same circus just different clowns!"

29 July 2018, 03:05 PM	#47
MinMay Banned Join Date: Apr 2015 Location: United States Posts: 2,410	When the market crashes, how many will be selling watches ? If it does, then I'll be buying more. If people need to sell their watch during difficult times then they shouldn’t be wearing a luxury item in the first place.

29 July 2018, 12:36 PM	#35
Seibei Banned Join Date: Mar 2018 Location: New Zealand Watch: 114060 Posts: 2,630	I think most Rolex owners are fairly financially savvy. That means they buy low and sell high. During a crash, buy, don't sell. A crash represents buying opportunities, not selling.

29 July 2018, 01:20 PM	#39
JohnnyNoDate "TRF" Member Join Date: May 2015 Location: USA Posts: 357	Can't wait to pickup some new properties and a stupid Daytona (finally)...

29 July 2018, 01:29 PM	#40
gccmd "TRF" Member Join Date: May 2016 Location: Arizona Posts: 443	The gray market prices of some of the SS references is a sign of a bubble in the watch market. The same thing is evident if you look at some of the PP references (5711, 5712).

29 July 2018, 01:56 PM	#44
Carry The Interest "TRF" Member Join Date: Feb 2018 Location: LA Watch: RLX, ALS Posts: 3,410	Whole separate can of worms but I think we're well overdue for a pretty macro correction in the market. If it happens, I am hoping I'll finally get the call on the white Daytona. Maybe they'll be able to sell me a BLRO at the same time too! I'll be waiting.

29 July 2018, 02:57 PM	#46
oldman2005 "TRF" Member Join Date: Dec 2006 Location: norcal Posts: 3,031	During the last great recession, I did notice the price drop on TRF and TZ. I have no doubt demand and price will drop at the next recession. Btw, I missed a few Zenith SS Daytona at the time.

29 July 2018, 03:21 PM	#49
henrylee "TRF" Member Join Date: Jan 2011 Location: Socal/LA Watch: 116610LN Ceramic Posts: 3,214	When is this crash? So I can buy some more Rolex watches! __________________ ♛ Sub 116610LN 2011 ♛ GMT 126710BLNR 2021 ♛ GMT 126711CHNR 2020 ♛ Datejust 16233 X-series 1993 Ω Speedmaster Mitsukoshi 2019 č Cartier Tank w5200025 2021

29 July 2018, 03:44 PM	#50
glamorama "TRF" Member Join Date: Jan 2018 Real Name: Dan Location: Benelux Posts: 1,919	If that happens, I’d be looking out for some real high end pieces at discount. You can probably find good deals at auctions in those times. Don’t think steel Rolexes will be affected that much but finally they might be available at MSRP or less.

29 July 2018, 03:52 PM	#51
Uppersouth "TRF" Member Join Date: Apr 2017 Real Name: Lee Location: Kentucky Watch: SWISS Posts: 1,531	2nd quarter GDP was at 4.1% growth. Too early to speak of a US crash just yet. I think we’ll see an Asian correction first. This will certainly have an impact on the watch industry. As for me I hope the markets avoid crashing with periodic corrections to rectify the overvaluation. LONG LIVE THE BOOM! __________________ Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. -ROBERT FROST

29 July 2018, 03:54 PM	#52
GBD "TRF" Member Join Date: Aug 2017 Location: Texas Posts: 433	Since it's inevitable that the economy will tank at some point, it's also a near-certainty that demand for Rolexes will soften up. Be waiting and ready to buy when that happens!

29 July 2018, 04:00 PM	#53
montecarlo77 "TRF" Member Join Date: May 2017 Location: San Francisco Posts: 205	Many Rolex owners are not usually needing cash from their watches especially not the high end and hard to get models. Will there be some lower end date justs selling for a bit less in a protracted recession probably so, but Daytonas and the like won't be sold off cheap.

29 July 2018, 07:05 PM	#56
Rock 2024 Pledge Member Join Date: Jun 2009 Real Name: Rocky Location: Australia Watch: Grail:Bluesy Posts: 17,668	Maybe I have a bad memory - that is certainly possible - but I do not recall any significant drop in prices for Rolex watches post 2008. Certainly not here in Australia. __________________ Cellini 4112. Sub 14060M. DJ 16233. Rotherhams 1847 Pocket-watch. Foundation Member of 'Horologists Anonymous' "Hi, I'm Rocky, and I'm a Horologist..."

29 July 2018, 07:31 PM	#57
ejvette 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2014 Real Name: Ed Location: East Hampton NY Watch: me break clays.. Posts: 7,495	I will be trading my watches for food stamps __________________ Rolex•Omega•Breitling•Grand Seiko "The only difference between crazy and eccentric is the size of ones bank account" Anonymous * Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons *

29 July 2018, 07:34 PM	#58
Brew "TRF" Member Join Date: Mar 2018 Real Name: Larry Location: Finger Lakes Posts: 6,007	I guess I'm not sufficiently worldly to understand the question. Will this market crash result in needing to sell watches for food? Or will this crash somehow drive up the value of watches? Either scenario doesn't seem too likely.

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