Investors Clock Out As Rolex Demand Cools

[Vince M.]

Originally Posted by hambone1983

us collectors can begin panic buying

HaHa. Yes.

That will be the dead cat bounce on the evaluation line. I'm thankful I only want a couple more to round out the collection.

[Heady Topper]

Can we nickname one model the €£$ Object Thing?

[zen watch]

Only wanting a couple more? Good luck with that. Just when you thought you’re out, Rolex keeps pulling you back. Lol. Happened to me and a few of my friends. Haha.

Originally Posted by Vince M.

HaHa. Yes.

That will be the dead cat bounce on the evaluation line. I'm thankful I only want a couple more to round out the collection.

[EEpro]

Originally Posted by Heady Topper

Can we nickname one model the €£$ Object Thing?

White Daytona


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[johnwigan]

WOS Group lost half its value since December 2021.

[huncho]

Originally Posted by johnwigan

WOS Group lost half its value since December 2021.

that's not even that bad considering the state of the stock market right now

[subprimero]

Good, I am looking forward to adding to my collection.

[CarlOver]

Originally Posted by johnwigan

WOS Group lost half its value since December 2021.

Wow! That hurts.

[BrazenC5]

Originally Posted by Madman37

i don’t invest but will be annoyed if the daytona ceramic black drops below what i paid as it means i could have bought it for cheaper. I bought two other watches grey but one was under retail and the other a couple of grand above retail so no biggie.

Buy another, and average down. Im waiting for $20K.

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[EEpro]

Originally Posted by BrazenC5

Buy another, and average down. Im waiting for $20K.

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Dollar cost averaging your Daytonas is exactly what Suze Orman would recommend.

[jsobral]

Dj 41 kicking ass

[fskywalker]

Lets hope craziness on pricing over MSRP ends soon !!


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[johnwigan]

Originally Posted by huncho

that's not even that bad considering the state of the stock market right now

No, losing half the value of your company in a few months is very very bad.

The FTSE 100 has barely changed over the same period.

WOS Group losing 50% of its value reflects the markets' view of future prospects. And that view is the gravy train is over.

[tedo]

I am just glad prices are declining, its just been ridiculous ��

[Moka-Tiger]

All the talk here is about the DJ and it's "performance". Am I missing something?
Comparing the DJ to the DD, the DD was up 44.2% and went down only 0.8% in 30 days.
To me, the DD has "performed better" than the DJ that went up 22.4% and is down -1.9% in 30 days.

[huncho]

Originally Posted by johnwigan

No, losing half the value of your company in a few months is very very bad.

The FTSE 100 has barely changed over the same period.

WOS Group losing 50% of its value reflects the markets' view of future prospects. And that view is the gravy train is over.

it's down 50% because our stock market and economy went into the dumpsters. 1/3 of WOS sales come from the US and that number was growing fast, which is likely why the stock went on such a run to begin with. if everything that was making people a lot of money went down 60-80% (as it did here), coupled with the worst inflation in 40 years, it's obvious the stock won't just drop 10% right? they're a global jewelry company and money for watches/luxury goods comes from excess income, which has been destroyed in the last 6 months

not sure how the FTSE is relevant to luxury goods purchases btw, since it's down 1.5% over a 5 year span while there were asset bubbles everywhere during that time which funded these purchases. it looks like it hasn't been impacted at all by what's going on here while watch prices have

how about we just wait and see what happens instead of doing victory laps every day claiming prices will dump to below msrp, which is seemingly your main agenda here, because no one can predict this

[temporarychicken]

WOS is down 50 percent, yes.
.
But it's still quite high compared to an average trend line struck through the long period prior to the recent boom.

And the new used market is similar in terms of still above MRSP in places, but not as high as earlier this year.

[Yellowfury]

When I finally get the call for the panda Daytona that will be the sign the market speculation is done

[PepsiBezel]

Originally Posted by Jpccarguy

Interesting to see that DJ’s have held value compared to other, so-called ‘grail’ references.

I thought that was interesting also. Though it may be that the only “rose” in aftermarket pricing in the last 1 year or so, while the sport models have been going up over the last few years.

[Polar Bear]

I reckon there are a few "Back Pack Dealers" out there that will be hurting right now
Its hard for me to feel sorry for them
Fingers crossed things settle down in the future

[grimps]

Originally Posted by mountainjogger

Interesting post OP. And great banter guys.

But can anyone tell me when things will change enough for me to get the call from my AD?

That wont happen anytime soon on a 'Hot model'
Your chances of getting one at a more reasonable price from a grey dealer will be better though.

With all the hype surrounding Rolex for the last 5 years there will always be more people wanting certain models at retail price than Rolex produce

[PepsiBezel]

Originally Posted by johnwigan

No, losing half the value of your company in a few months is very very bad.

The FTSE 100 has barely changed over the same period.

WOS Group losing 50% of its value reflects the markets' view of future prospects. And that view is the gravy train is over.

Though that may have more to do with the prospects for brick and mortar based luxury retailers than Rolex demand.

[grimps]

Originally Posted by HarryFlashman

Though that may have more to do with the prospects for brick and mortar based luxury retailers than Rolex demand.

Their share price is only back to where it has historically always been , they just had a huge spike last year

[MARCIN0]

Interest post.

[scurfa]

Investors checking out but customers who buy the occasional Rolex and don’t want second hand are back in my local AD with a vengeance, don’t expect full cases anytime soon.


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[TheWatchmen]

Originally Posted by huncho

how about we just wait and see what happens instead of doing victory laps every day claiming prices will dump to below msrp, which is seemingly your main agenda here, because no one can predict this

Judging by this guy’s posting history over the last several months, I’d say this is the main agenda.

[J-rob]

A return to normalcy would certainly be nice.

[kopi-c]

Originally Posted by enjoythemusic

I look forward to the timepiece commerce getting back to normal. When a couple can celebrate a special occasion, and perhaps reward themselves with his & her Rolexs. Or mom and dad getting their early 20s child a Rolex as a graduation present. Or decades of hard work finally pays off, and so....

It could be a spur-of-the-moment decision, as my wife and i did when getting the Sub at msrp. Back then Greys were cheaper, sure, but I've stayed loyal to my AD Mayors and they've been wonderful.

All that you touch and all that you see...
I'll see you on...

Well said!

[bin31z]

The dealers market is so soft I can poke a hole through it lol. Nautilus 5712R just sitting there for 89,000. These were being regularly traded for 150K plus a couple months ago.

[mountainjogger]

Originally Posted by grimps

That wont happen anytime soon on a 'Hot model'
Your chances of getting one at a more reasonable price from a grey dealer will be better though.

With all the hype surrounding Rolex for the last 5 years there will always be more people wanting certain models at retail price than Rolex produce

Well, I don't like PM or two tone, so I guess I am out of luck.

But it is only a watch. And I am grateful for what I have.