Top of market pricing - regrets, resale?

[GB-man]

Originally Posted by thomaspp

Platonas were sub $50k back in the day…


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Will I get another crack at NIB 5170P at 70k thomas? Asking for a friend.

[CHRONOLEX]

Originally Posted by GB-man

Will I get another crack at NIB 5170P at 70k thomas? Asking for a friend.

I can be that friend who wants to know. I was offered at $115k for preowned 5170P with baguettes at PP AD last summer which I turned down. Stunner

[rdragon]

Originally Posted by Time Out

I would definitely offload pieces if you are not wearing them. The market is getting softer by the minute.. and that is not speculation. If you bought a Platona for 150k I would be trying to offload that as quick as possible.

I have been watching Meteorite BLRO's and they were 100k on the second. I have been watching them trade G2G for 70k and they are also falling pretty quick.

What is GTG?

[10klakes]

Originally Posted by rolex16

You are right, but comparing apples to oranges with MSRP over 30 years vs a “market price” that is arguably highly inflated. You can lose money in the latter. The former is safe, as you correctly point out.

Apples to apples…

1986 Daytona msrp $1175 x 2 = $2350
2022 Daytona (platinum) msrp $75,650 x 2 = $151,300

If you look up the value of the 6265 from 1986 (36 years later), its quite a bit more than $2350. It’s hard to say what a platinum Daytona will be 36 years from now, but if history repeats itself, and we get apples to apples numbers, OP will be thankful for buying, wearing, and enjoying 36 years of platinum on the wrist.

[rolex16]

Originally Posted by 10klakes

Apples to apples…

1986 Daytona msrp $1175 x 2 = $2350
2022 Daytona (platinum) msrp $75,650 x 2 = $151,300

If you look up the value of the 6265 from 1986 (36 years later), its quite a bit more than $2350. It’s hard to say what a platinum Daytona will be 36 years from now, but if history repeats itself, and we get apples to apples numbers, OP will be thankful for buying, wearing, and enjoying 36 years of platinum on the wrist.

You might be right, time will tell. Maybe I’ll be alive in 36 years to revisit this thread and see how it turned out, lol!

[CHRONOLEX]

Originally Posted by 10klakes

Apples to apples…

1986 Daytona msrp $1175 x 2 = $2350
2022 Daytona (platinum) msrp $75,650 x 2 = $151,300

If you look up the value of the 6265 from 1986 (36 years later), its quite a bit more than $2350. It’s hard to say what a platinum Daytona will be 36 years from now, but if history repeats itself, and we get apples to apples numbers, OP will be thankful for buying, wearing, and enjoying 36 years of platinum on the wrist.

When you put it like that, all of this is quite silly. One should be so lucky to wear a platinum Daytona for 36 years in good health.

[rolex16]

Originally Posted by rdragon

What is GTG?

I think he means grey to grey.

[thomaspp]

Originally Posted by CHRONOLEX

Yep, I remember being pretty confident the secondary market for Platona would settle in right around $45k.

I was offered the baguette new in 2017 for $55k but my taste for the brown bezel wasn't quite "developed" yet so I passed. Still found it intriguing though and it trolled me in AD windows all over the world for years up to that point, but never bought one.

Fast forward a short time later to late 2019, I finally decided I "got it" with the brown bezel and wanted one, so asked to be put on AD waiting list. Turned down standard dial once waiting for the baguette. Baguette never came, but other watches did, which I bought anyway in part because I thought it would help preserve my status in line. Found out too many Rolex purchases (especially if hot pieces) actually hurt your chances, so I was kind of stuck and AD ultimately was pretty transparent about that (which I appreciate). When I told them I was probably going to have to go gray, they told me they understood and hoped I would be able to find one soon.

Got tired of waiting so I bought new from gray last summer at a peakish type price. It's definitely an awesome watch.

Ive made many mistakes but happy with where I’m at now! Good luck!!

Originally Posted by GB-man

Will I get another crack at NIB 5170P at 70k thomas? Asking for a friend.

Haha no freaking way




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[csaltphoto]

Idk. I bought my 5 digit sub for 6K A little over 3 years ago. Hadn't worn a watch in 10 years and figured that if I didn't like it I wouldn't lose too much if I sold it. Oh to have bought a couple of the "overpriced" ceramic Daytona's at 18K!

[rdragon]

Originally Posted by rolex16

I think he means grey to grey.

Thanks, that makes sense. Looks like one of the big guys dropped prices considerably on a few PM models - meteorite, full rg chnr.... Looking good.

[Amwfhunter]

I only buy from AD

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[WilsdorfNDavis]

Originally Posted by Amwfhunter

I only buy from AD

[WilsdorfNDavis]

Originally Posted by rolex16

I wish someone less lazy than me would chart Rolex MSRP and secondary values over time for pick a reference. I’ll bet that chart would be real interesting and would show what a bubble this is/was.

www.watchcharts.com is a great resource

[Blueteg]

Originally Posted by WilsdorfNDavis

w w w . watchcharts d o t c o m is a great resource

404 Not Found

[subtona]

Looking forward to investment conversations ending.

I have purchased some pieces at high prices but did so while trading in other pieces that were also high. More or less kind of even but happier with the current choices.

[ChugachEagle]

Originally Posted by CHRONOLEX

There is a lot of talk about Rolex market peaking, cratering, whatever phrase you want. Certainly also the theme of YouTube watch channels of late. There are people happy about this, and some upset or scared about a collapse.

For those who have recently acquired pieces at peaky market pricing (not retail), are you looking at your purchase any differently? Any thoughts about selling now with potential to re-buy it at a later time, if market further softens?

I bought several heavy pieces last year at pretty full prices (BNIB at gray) and I have been curious about selling while I'm still in the money. I'm not really a seller of watches and I always buy to hold forever, but on some of the stuff that I don't truly love (or bought on impulse), it's certainly a temptation.

Others thinking about this?

You worry too much about the monetary value of your watches; and about what strangers are thinking or doing with their possessions. Worry about yourself and your situation. Who cares what other people are doing. Hopefully you bought watches you enjoy and can afford.

[WilsdorfNDavis]

Originally Posted by Blueteg

404 Not Found

Fixed
My bad

[rolexpatek363]

Originally Posted by rolex16

I wish someone less lazy than me would chart Rolex MSRP and secondary values over time for pick a reference. I’ll bet that chart would be real interesting and would show what a bubble this is/was.

https://watchcharts.com/watches/brand_index/rolex

Nearly all going up, Explorers down a tad.

I don't see any reason for anyone to panic sell, from an "investment" POV

[Sandpit]

Originally Posted by WilsdorfNDavis

www.watchcharts.com is a great resource

There's something odd with this website. The "sold" prices are taken from the advertised prices, so there's no true way of knowing what it actually sold for.

If we take the 126710BLRO as an example, the last 5 'sold' prices are (all in USD): $26325, $27100, $27000, $26000 and $25000.

Oddly though, the index still has the price at $29,215 as at today.

It looks like the index price is just taken as an average of the spread, but if sold prices are actually looked at they appear way below the index price.

[Chris]

Originally Posted by subtona

Looking forward to investment conversations ending.

I have purchased some pieces at high prices but did so while trading in other pieces that were also high. More or less kind of even but happier with the current choices.

[Shaitan]

Yawn


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[beshannon]

Originally Posted by subtona

Looking forward to investment conversations ending.

Agrred but it will not happen. As long as the conversation is about money and not about watches, this will continue.

[Mystro]

Originally Posted by beshannon

Agrred but it will not happen. As long as the conversation is about money and not about watches, this will continue.

Which begs the question if those so concerned about value and money really has the stomach to even buy a luxury watch?


Definition of luxury
1 : a condition of abundance or great ease and comfort : sumptuous environment
lived in luxury
2a : something adding to pleasure or comfort but not absolutely necessary
one of life's luxuries
b : an indulgence in something that provides pleasure, satisfaction, or ease

[blargle]

Originally Posted by rolexpatek363

https://watchcharts.com/watches/brand_index/rolex

Nearly all going up, Explorers down a tad.

I don't see any reason for anyone to panic sell, from an "investment" POV

because these are list prices, not sale prices

simply more manipulation to prop the market up

its falling.

[brandrea]

Originally Posted by beshannon

Houses not high end luxury jewelry

That’s a scary chart Brian … do you know if it’s is inflation adjusted?

[beshannon]

Originally Posted by Mystro

Which begs the question if those so concerned about value and money really has the stomach to even buy a luxury watch?


Definition of luxury
1 : a condition of abundance or great ease and comfort : sumptuous environment
lived in luxury
2a : something adding to pleasure or comfort but not absolutely necessary
one of life's luxuries
b : an indulgence in something that provides pleasure, satisfaction, or ease

Exactly. The desire to have something overrides common sense.

Originally Posted by brandrea

That’s a scary chart Brian … do you know if it’s is inflation adjusted?

I do not know but I do not believe so.

[fsprow]

I think the only people qualified to predict future watch price trends are those that predicted prices would continue to increase during the pandemic!

[amh]

I made a recent purchase at the peak, prices have already fallen.

On the other hand:
- The deal involved a trade, seems like I got fair value at the time. Not sure it would have been better had I waited a couple months.
- I'm keeping the watch, not intention of selling. 40% over MSRP. After a few years I'll have forgotten about it.
- Prior purchases have all been at MSRP or less so overall I'm still ahead.
- I've waited years at several ADs. For some people the AD route is apparently effortless, for me it's been impossible. (Not giving up, just not hopeful)

[temporarychicken]

Originally Posted by amh

I made a recent purchase at the peak, prices have already fallen.

On the other hand:
- The deal involved a trade, seems like I got fair value at the time. Not sure it would have been better had I waited a couple months.
- I'm keeping the watch, not intention of selling. 40% over MSRP. After a few years I'll have forgotten about it.
- Prior purchases have all been at MSRP or less so overall I'm still ahead.
- I've waited years at several ADs. For some people the AD route is apparently effortless, for me it's been impossible. (Not giving up, just not hopeful)

Another bullet point:

- You had the watch when you wanted it and have thus spent a period of time already enjoying it. This scenario, viz-a-viz getting it cheaper later on doesn't represent an apples-to-apples comparison.

There's no point getting your dream watch for 1 USD the day before you die lol.

[rolexpatek363]

Originally Posted by Sandpit

There's something odd with this website. The "sold" prices are taken from the advertised prices, so there's no true way of knowing what it actually sold for.

If we take the 126710BLRO as an example, the last 5 'sold' prices are (all in USD): $26325, $27100, $27000, $26000 and $25000.

Oddly though, the index still has the price at $29,215 as at today.

It looks like the index price is just taken as an average of the spread, but if sold prices are actually looked at they appear way below the index price.

You are treating watch reference no.s as an commodity, but all examples of BLROs are not the same, unlike gold, etc. A BNIB BLRO will be worth far more than a dinged-up example without B&P. This explains why there is a spread in pricing.

FWIW, for the references I'm interested in, the numbers on this website correlate well with C24 pricing. Some people here seem to get the heebeejeebies about C24 pricing, saying it's all a load of nonsense, but how can a global watch marketplece survive if the pricing is all "too high"? If that was actually true, C24 would do little to no business.