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Old 8 March 2023, 01:49 AM   #31
beshannon
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Quote:
Originally Posted by Calatrava r View Post
I have no idea what this thread is about. Demand at ADs continues to be strong and may be increasing. The tiny secondary market prices, relative to the new Rolex market, are no indication of what the new Rolex market is doing. By a wide margin most new Rolex buyers are end users and the bulk of used watches for sale are generally a year old or older. People sell stuff for many reasons. Boredom is a big reason. Thankfully they do or ADs would be the only source for recent Rolex models.
I completely agree. Sadly many believe anecdotal evidence with total conviction.
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Old 8 March 2023, 01:50 AM   #32
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A very accurate analysis of the Rolex market pattern.
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Old 8 March 2023, 01:54 AM   #33
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Buy low, sell high.
Nailed it
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Old 8 March 2023, 02:02 AM   #34
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Congrats you sold at the all time high on 126610LV.

Between 1Jan2022 and the Ukraine invasion 24feb2022, prices absolutely exploded. End of December 2021, 116500 white dial was approaching 40k and that was nuts to me. In short order I had offers above $45k from dealers for mine. Was a brief, crazy window there where brand news were like $60k and aquanauts were $100k and we all agreed it made sense but weren't sure if anyone was really paying those prices. Oops.

The whole time I just wore my watches and still have them, no regrets and I can't invest any money to the Hindsight 20/20 hedge fund.
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Old 8 March 2023, 03:37 AM   #35
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Originally Posted by Podmornica View Post
Try offering a brand new 126710BLRO Pepsi to a grey dealer these days and tell me how that goes ..

Most of them will not even buy as they are full of stock ..
That is a terrible barometer for the market. Dealers are low-balling you on their buy price because they have moved to a consignment model and/or they can buy these watches wholesale from other dealers very easily when they have a buy order. They don't want to come out of pocket to stock watches, so that's why they are low-balling you. It's also the worst way for you as a collector to try and sell a watch.

I have only sold a few watches, one on consignment and a couple privately myself. Very easy and you will net way more than selling wholesale to a grey.
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Old 8 March 2023, 03:38 AM   #36
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i know this comment may be unpopular, but if you carry any credit card balances (independent of income btw), you have no business buying or owning rolex to begin with...

I would never buy any luxury item (cars, watches, etc) if i was already carrying high-interest rate debt or if the purchase made me take on high-interest rate debt.

Glad it all worked out.
100%
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Old 8 March 2023, 03:38 AM   #37
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good move
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Old 10 March 2023, 10:20 AM   #38
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Watches have always been a great investment, and asset class, and always will be


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Old 10 March 2023, 10:29 AM   #39
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Hulks are still 20k and probably back on the rise
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Old 10 March 2023, 10:46 AM   #40
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Hulks are still 20k and probably back on the rise

So it's not happening?
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Old 10 March 2023, 11:02 AM   #41
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So it's not happening?
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Old 11 March 2023, 02:54 AM   #42
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So it's not happening?

So funny


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Old 11 March 2023, 02:55 AM   #43
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Hulks are still 20k and probably back on the rise

VTNRs seem steady


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Old 11 March 2023, 06:42 AM   #44
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When an item increases from 20k to 30k (50%) within 6 months, i would say the prices are exploding. When they fall from 30k to 20k (33%), I would say the prices are imploding. But apparently, that's just a correction

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Old 11 March 2023, 06:47 AM   #45
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When an item increases from 20k to 30k (50%) within 6 months, i would say the prices are exploding. When they fall from 30k to 20k (33%), I would say the prices are imploding. But apparently, that's just a correction

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Yeah… funny how quick dealers were saying “to the moon”, but when the market equally turns in the other direction, all you hear is crickets.
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Old 11 March 2023, 06:52 AM   #46
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Just spoke with a local realtor/friend who said the following:

“Listings are way up, sales are really slow - but prices are holding”
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Old 11 March 2023, 09:32 AM   #47
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Just spoke with a local realtor/friend who said the following:

“Listings are way up, sales are really slow - but prices are holding”

My Realtor in SW FL said prices are falling and average accepted price is 40-50k under ask. This obviously is not the same everywhere across the USA.
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Old 11 March 2023, 11:52 AM   #48
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I happen to know first hand there are some communities that are still selling homes way over asking price. The very high end is hurting. Midrange doing well because not only inventory is low, people who could qualify for million dollar homes when interest rates were low, cannot afford those big homes, and for pushed down to the middle section of prices causing too many potential buyers in that range.
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Old 11 March 2023, 03:35 PM   #49
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Homes are still selling for VERY strong prices.

Ppl comparing real estate to watches are in la la land.
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Old 11 March 2023, 04:43 PM   #50
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Watches are a better asset class than r/e


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Old 11 March 2023, 05:00 PM   #51
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Funny how quick Rolex market imploded in just a year !

Quote:
Originally Posted by rolex_pl85 View Post
Homes are still selling for VERY strong prices.

Ppl comparing real estate to watches are in la la land.

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Old 11 March 2023, 08:45 PM   #52
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Watches are a better asset class than r/e


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Breaking news: watches are not an asset class. Neither is crapto.
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Old 11 March 2023, 09:09 PM   #53
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Breaking news: watches are not an asset class. Neither is crapto.

Wrong. Don't care to argue about it since the dictionary is available to you.
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Old 12 March 2023, 04:19 AM   #54
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Wrong. Don't care to argue about it since the dictionary is available to you.
I think very few watches would qualify as an "asset" but the vast majority do not.

If you get a Rolex sub at retail for say $9k and 10 years later it is worth $12k is that really an appreciating asset (especially when you consider inflation and service costs)?

On the other hand, if you got a Jumbo for $20k and it's now worth $80k I can see that being considered an asset.
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Old 12 March 2023, 05:14 AM   #55
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Wait what?? Watches are fantastic Investments and a great asset class. Mediocre as a hobby, however.


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Old 12 March 2023, 05:18 AM   #56
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Again. Dictionary.

They are indeed assets. Not discussing whether they are your best investment vehicle.
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Old 12 March 2023, 05:36 AM   #57
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Again. Dictionary.

They are indeed assets. Not discussing whether they are your best investment vehicle.

Exactly. Definitely assets. Definitely investments. Just like my cars. Or pork bellies.


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Old 29 March 2023, 06:54 AM   #58
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Imploded? When the grays go back to selling at or slightly below list, I'll know it's imploded.
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Old 29 March 2023, 12:26 PM   #59
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Imploded? When the grays go back to selling at or slightly below list, I'll know it's imploded.
There are plenty of models at or below retail now.
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Old 8 April 2023, 01:02 AM   #60
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Exactly what is happening with Rolex this year.
Link ?
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