SS Sports Models Coming back to MSRP

[jerryguo]

I agree with OP, not only coming down to MSRP but most models can also be had with discount.

[fooey]

Originally Posted by Jona

OP, I think your doom and gloom forecast is not supported by the facts. I don't place any credibility on your predictions. BTW the economy is not "halted."

^^^
What??
have you seen the new's lately?

[WatchNutcase]

Originally Posted by Likestheshiny

This is an internet webforum. Everything here is legal except kiddie porn and threats of harm.

The question is, why would you do something that you know is both massively redundant and in poor taste? I've got to assume you're either very starved for attention or just so self-important that you think this prediction means more coming from you. Neither reflects especially well on you.

People who want to actually discuss something do it in the existing discussion threads on the same topic.

Hello kind gentleman, I wanted to simply share my thoughts with this forum thread and perhaps have a civilized discussion. Whether its been discussed 1000 times before is irrelevant, I'm not using up any precious resources. Why did you click into this thread and reply if it's only to spread your negative thoughts?

Have you recently purchased a Rolex over MSRP?

[Mohawkman450]

I was always told by my elders to prepare for rainy days or months

[Jona]

Originally Posted by abrace

Add me to your ignore list too.

In this crap sandwich we are all eating, I am looking for any silver lining. If I am lucky enough to keep my job, would love to have a proper rolex selection available to admire.

Happy to oblige.

[Jona]

Originally Posted by 904VT

Are you serious when you think the economy is still moving along and not stunted? Perhaps you're focusing on the technicality of halted, but I think you do understand the sentiment of being stunted.

The consumer discretionary sector has been largely crushed as has the entertainment, restaurant, professional and collegiate sports industries, university education business, travel and tourism industries, live venue industry and commercial real estate sectors. This is at the very least a setback that is real and will be impactful for some time to come. There is no fun in any of this and we need to do our best to help most small businesses recover, including purchasing locally when we can for some time. There will be a time when global trade recovers, but that seems to be a long way off still. Losing so much of retirement savings/investments for those in retirement age/distribution phase will be downright devastating without those having sufficient time to catch the recovery. Even the very wealthy will have issues much more important than purchasing Rolex watches. I hope all affected will have a speedy economic recovery as well health, bc if not it could also be very tough on those living pay check to pay check and having to pay rent or mortgages.

One fact is that this has been the quickest equity downturn in history. 2nd quickest was Great Recession and 3rd was Black Monday 1987

We also didn't have the mass proliferation of passive ETFs in any of these other downturns, that complicate intrinsic price discovery of individual securities. The above is just my opinion, but I do think there are plenty of facts to support that unfortunately many will have a tough economic time for some time to come.

I would agree that the economy is "stunted." I disagree with the OP's wild assertion that it is "halted." Don't call me out for something I didn't say.

I am 70 and retired. At age 60 I started putting the plans in place. No exposure to the markets. I have a steady lifetime income stream. Anyone nearing retirement should take steps to protect their assets even if the market is soaring.

[ndrs63]

Originally Posted by WatchNutcase

If you bought a Daytona over retail, it's essentially like buying an overvalued stock right before a market crash. You better hold!



In all seriousness, this isn't an April fools joke, just take a look at whats happening in the world.

I do not believe that you will be able to buy a Daytona at retail in 6 months


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[RolexRoll]

The people who seemingly get upset when someone suggests a global market crash and pandemic and unemployment the likes of which have never been seen since the Great Depression are just clueless as to what is happening right now.

Good, this will be a massive cleansing of the people who have ruined it for true lovers of watches. People have short memories before Instagram “influencers” took over in their latest flex. AD’s were giving discounts on SS models like Hulks that nobody wanted.

A Batman just sold for like 10k on eBay. A few weeks ago they were 15k. What nobody wanted to be honest about was those SS weren’t moving at those prices very often.

I love watches but what is going on is historic and NOBODY has any idea what the next year will be like. I wish health for all, love your families, realize what’s important.

Just my 2 cents

[Nikrnic]

I tend to agree...I just hope Nostrodamus is wrong about 2020

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[Mr. K]

Originally Posted by WatchNutcase

On top of that, I received a call from my AD a few days ago, frantically asking me if I was interested in buying 2 SS sports model that usually have significant wait times. His voice was stressed, and I have a feeling I wasn't the first call he made. Some people are turning down these watches now even at MSRP.

All I can say is WOW! How the tables have turned. First it was customers begging to be sold a SS sports watch. Or even beg to be put on a list. Now the ADs are frantically asking us to buy those same watches?

Shows how quickly things change. Good for those who can still buy the watches. I do however feel for some of the ADs. Their business is being hurt like everyone else's.

Must be serious if they were frantic to unload 2 hot models. Just plain unbelievable. But life is strange.

[EEpro]

Originally Posted by WatchNutcase

If you bought a Daytona over retail, it's essentially like buying an overvalued stock right before a market crash. You better hold!

In all seriousness, this isn't an April fools joke, just take a look at whats happening in the world.

I was told I could have any stainless model by summer time except Daytona. Still $100K barrier to entry as only 20 of each color came to this major Las Vegas dealer in 2019. Those 20 will find buyers and won't resale at msrp in my opinion.

[iLLGT2]

I lost a ridiculous amount of money in the market

Closed my business

Won’t have any income from real estate for a while now

But I can still buy watches and I have to imagine there are millions like me around the world and way wealthier

For those that were buying to begin with it won’t stop

[askdanny]

OP is full of it, sorry. He is trying to induce a drop in price by spreading things like "I received a call from my AD a few days ago, frantically asking me if I was interested in buying 2 SS sports model that usually have significant wait times. His voice was stressed..." Haha. He is not frantic and stressed if he's calling customers. All he has to do is put those "2 SS sports model that usually have significant wait times" in the display case, like it was done, what, two years ago? It'll last a week.

Dealers are not budging. Everyone is betting that the coronavirus is short term. And all facts are pointing to that. That's why grey dealers are holding out. The market will look completely different in five-six months. Six months is not that long when you hold a "significant wait times" Rolex in your collection. It's better than selling at a loss. Rolex watches don't have an expiration date. On the contrary, you have everything to gain by waiting.

[EEpro]

Originally Posted by RolexRoll

The people who seemingly get upset when someone suggests a global market crash and pandemic and unemployment the likes of which have never been seen since the Great Depression are just clueless as to what is happening right now.

Good, this will be a massive cleansing of the people who have ruined it for true lovers of watches. People have short memories before Instagram “influencers” took over in their latest flex. AD’s were giving discounts on SS models like Hulks that nobody wanted.

A Batman just sold for like 10k on eBay. A few weeks ago they were 15k. What nobody wanted to be honest about was those SS weren’t moving at those prices very often.

I love watches but what is going on is historic and NOBODY has any idea what the next year will be like. I wish health for all, love your families, realize what’s important.

Just my 2 cents

That was a fake listing for that Batman, FYI.


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[ninjasaurus]

Got on the “waitlist” a few weeks ago for a SS black Daytona. Got the call today from the GM at the AD (awesome guy and staff at the AD—seriously great place): it’s mine if I want it. Had to pass. Sucks, but who knows how long this 1.5% mortality rate virus is going to shut our country down. I had to temporarily close my business, too, like a lot of people. Canned food, ammo, water... no watches... SS Daytona another day, or year.

[Hollie_Rollie]

Originally Posted by ninjasaurus

Got on the “waitlist” a few weeks ago for a SS black Daytona. Got the call today from the GM at the AD (awesome guy and staff at the AD—seriously great place): it’s mine if I want it. Had to pass. Sucks, but who knows how long this 1.5% mortality rate virus is going to shut our country down. I had to temporarily close my business, too, like a lot of people. Canned food, ammo, water... no watches... SS Daytona another day, or year.

Sucks man but you have your priorities together. It’ll come around again, no doubt about about it

[eltonbalch]

Originally Posted by EEpro

That was a fake listing for that Batman, FYI.


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Just curious; how did you find out it was a fake listing?

[Ticknaway]

Clearly the economy has been affected badly on a global scale, but I believe the duration to the downturn will depend on the results of an expanded test pool in the US. If it’s determined that the mortality rate falls to below the common flu rate, you may see industry ignite a boom near the end of the 2nd qtr. With Rolex ceasing production now, supply may be limited and availability unchanged. Time will tell!

[newu5er]

Originally Posted by eltonbalch

Just curious; how did you find out it was a fake listing?

Think someone here was going to buy it and it was pointed out that the pictures came from a listing here.

[Calatrava r]

I know this is all about Rolex watches and how they will be available. Right now Rolex is totally shut down. As it looks now, there is no end in sight when anyone, including Rolex will re-open. If all the shutdowns end within the 15 days, the period we were told in the US was needed to flatten the curve, the economy will recover. If it extends 6 or more weeks from here, as some suggest and I think may happen, watches will be the last thing on our minds.

[HankScorpio]

Not directed at the OP, just a general comment - I dont understand how people can be optomistic about getting a luxury good at MSRP when on paper losses in retirement and other accounts are massive. I would rather see the BLRO at 3x MSRP and my portfolio back, then availability of hot models.

[watchmework]

Originally Posted by HankScorpio

Not directed at the OP, just a general comment - I dont understand how people can be optomistic about getting a luxury good at MSRP when on paper losses in retirement and other accounts are massive. I would rather see the BLRO at 3x MSRP and my portfolio back, then availability of hot models.

I completely agree with you Hank...it’s all about perspective. It’s possible the same people don’t have a portfolio or retirement...that or they are just burying their head in the sand but taking a breath to look for SS Rolex

[Mr. K]

Originally Posted by HankScorpio

Not directed at the OP, just a general comment - I dont understand how people can be optomistic about getting a luxury good at MSRP when on paper losses in retirement and other accounts are massive. I would rather see the BLRO at 3x MSRP and my portfolio back, then availability of hot models.

Yes. Couldn't agree more! How many watches I could have bought grey with the losses I've had.

I'd just add that I would also like to see everyone and their loved ones make it through this virus safe and healthy. Even before my portfolio or hot watches.

[exador]

Originally Posted by ninjasaurus

Canned food, ammo, water... no watches...

This isn’t a Zombie Apocalypse...

[EEpro]

Originally Posted by Mr. K

Yes. Couldn't agree more! How many watches I could have bought grey with the losses I've had.

I'd just add that I would also like to see everyone and their loved ones make it through this virus safe and healthy. Even before my portfolio or hot watches.

I did that same mental math 6 months ago when I decided to pull out of my Roth to buy a bunch of Rolexes. All time highs. Keeps going up for no reason. Fed having to pump repo market. Screw it. I'm buying some Rolex instead of losing it.

[pickettt]

Originally Posted by exador

This isn’t a Zombie Apocalypse...

It’s just a regular apocalypse.

[Alpharettaristi]

Originally Posted by NateThaGreat

This


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Yeah. “This” is wrong. Anyone that thinks this economy isn’t “halted” is living on another planet.


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[Miura Mario]

Originally Posted by watchmework

I completely agree with you Hank...it’s all about perspective. It’s possible the same people don’t have a portfolio or retirement...that or they are just burying their head in the sand but taking a breath to look for SS Rolex

Or theyre short.. or have puts baught to the max and much younger than retirees. To be sitting all in on an 11 year bull run is silly - being greedy for that last 10% is why alot of people are hurting.

[eltonbalch]

Originally Posted by HankScorpio

Not directed at the OP, just a general comment - I dont understand how people can be optomistic about getting a luxury good at MSRP when on paper losses in retirement and other accounts are massive. I would rather see the BLRO at 3x MSRP and my portfolio back, then availability of hot models.

I think you may be conflating two different things. For example, I have saved/invested (relatively) wisely and haven’t suffered “massive” paper losses. I can afford to buy a Rolex at list price but would never pay over list without considerable justification especially now. Obviously anyone hurt significantly would happily pay over list if their portfolio was restored. To be really clear, I’m not going to purchase any Rolex in the near term until there is considerable clarification concerning Corona virus and the still evolving economic consequences.

[Johnnie Peh]

I personally think otherwise