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15 December 2020, 05:21 PM | #331 |
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15 December 2020, 05:27 PM | #332 | |
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8 June 2021, 08:14 AM | #333 | |
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Didn't get my Daytona at retail :( Sent from my SM-N986B using Tapatalk |
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8 June 2021, 08:31 AM | #334 | ||
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Quote:
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Tired of waiting for the bottom of the Daytona market to drop out? |
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8 June 2021, 08:36 AM | #335 |
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OP
When you first made the prediction in March of 2020, it was a good prediction due to Covid and the economies crashing around the world. However, it did not happen. MSRP of SS sport Rolexes are even higher, I think is nuts to pay this, that is why I will not be wearing one, but people can spend their money as they wish. |
8 June 2021, 08:52 AM | #336 |
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In late March. / early April 2020, prices did come down but only for about 2 weeks. I was able to repurchase my BLNR from the buyer because his business needed money in mid-April. Even paid less than what I sold it.
Full set late series 16520 Daytona models decreased about 20% during that period. Even ceramic Daytona models went back to the low $20s but not for long. Since late April 2020, everything blew up. Houses, sneakers, collector cars, watches, and even mass produced baseball cards from the 1980s. I was even able to buy a 1984 Fleer Update set for $625 (16 of the key stars & rookies are PSA-9 graded plus a PSA- 9 Fleer John Stockton rookie thrown in) in late March. Probably would sell for closer to $1,800 just for the set. |
8 June 2021, 09:02 AM | #337 |
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8 June 2021, 09:10 AM | #338 |
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This did not age well.
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8 June 2021, 09:12 AM | #339 |
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I’m predicting OP doesn’t check this thread anymore:)
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8 June 2021, 09:27 AM | #340 |
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What pandemic?
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8 June 2021, 10:47 AM | #341 |
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8 June 2021, 10:49 AM | #342 |
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the availability of SS sports at retail has always been the pandemic
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8 June 2021, 10:52 AM | #343 |
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8 June 2021, 10:57 AM | #344 |
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Supply and demand. In previous crash, demand dropped while supply remain the same. This time, the demand dropped (for a brief 3 months) but supply also dropped (to nearly zero) since no one can go into work and manufacture those watches.
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8 June 2021, 11:27 AM | #345 |
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Exactly. In the previous crash, Rolexes were dropping in value as more and more people were pawning them off to pay bills and try to avoid foreclosure. Here on this very forum a dentist took a GMTIIc in as a barter trade from a cash client for dental work and he sold it here for $5,000 flat. I remember the sale. Most pre-owned were selling for ~$5,500 during that time and that set the bar for the lowest ceramic price that I had seen.
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8 June 2021, 11:29 AM | #346 |
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yeah no one could have predicted they doubled..
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8 June 2021, 11:32 AM | #347 |
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Rolex followed stock market confidence fairly well. Once things shored up it was back on and the factories weren't.
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8 June 2021, 11:44 AM | #348 | |
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8 June 2021, 11:46 AM | #349 | |
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8 June 2021, 11:48 AM | #350 |
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There was never as much as a pump the brakes on demand for Rolex during the pandemic. Lots of doomsday predictions economically but it never happened. I was so convinced I would eventually be unable to get any new Rolex at MSRP from an AD, I quickly started hunting for a good deal on a Bluesy from a grey last May/June. Im enjoying my pandemic Bluesy and I cannot get anything from an AD currently and my main AD for the past 22 years lost their Rolex franchise.
I think everything my economics professor taught me was so dead on...
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8 June 2021, 02:30 PM | #351 |
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SS Sports Models Coming back to MSRP
Op deserves a pass. Those were though times for many and still is for some. Maybe time to lock thread?
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8 June 2021, 04:16 PM | #352 |
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8 June 2021, 04:50 PM | #353 |
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Hopefully OP isn’t a stockbroker
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8 June 2021, 05:03 PM | #354 | |
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Fair play to the OP for posting up his prediction and not sitting on the fence. I for one am happy he got this one wrong! |
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8 June 2021, 05:17 PM | #355 |
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I agree that the OP should get a break. He made the right call …the market just acted different, and across different asset classes prices are walking on water.
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8 June 2021, 05:27 PM | #356 |
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Made the right call? The dude was blatantly wrong. No shame about that, no one can predict the future, but to say that he made the right call is a bit of a stretch
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8 June 2021, 06:25 PM | #357 |
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I think that the prediction was a smart one, but Rolex saw it too and did a hell of a good job by strangling the supply flow and infusing scarcity to retain the value.
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8 June 2021, 06:40 PM | #358 | |
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The secondary market price hike had been going on well before the pandemic. And this thread serves to prove wrong all those who predicted economic doom and gloom because of the pandemic. The 2008 crisis was a totally different story. |
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8 June 2021, 07:10 PM | #359 |
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8 June 2021, 08:27 PM | #360 |
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Tags |
pandemic , rolex |
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