ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
31 January 2023, 12:40 PM | #1 |
"TRF" Member
Join Date: May 2008
Location: San Diego
Posts: 99
|
Chrono24
Anyone else read that Chrono24 laid off a ton of employees due to the plummeting after market prices on luxury watches? They also moved their home base of operations out of Hong Kong and into Japan as well as from New York to Miami.
Thoughts? |
31 January 2023, 12:41 PM | #2 |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jun 2015
Real Name: Carlos
Location: NNJ - MDE
Watch: Rolex & Omega
Posts: 3,367
|
A tech company laying off employees?
Oh.
__________________
16570, 224270, 126610, 126334 |
31 January 2023, 12:51 PM | #3 |
"TRF" Member
Join Date: Dec 2017
Location: In denial
Watch: It's complicated
Posts: 1,610
|
|
31 January 2023, 02:15 PM | #4 |
"TRF" Member
Join Date: Jan 2018
Real Name: victor
Location: silicon valley
Watch: platona 2x bark dd
Posts: 301
|
a quick google search revealed layoffs according to bloomberg. on a related note, chrono24
has 532,000 watches for sale, the most i've ever seen. interesting... |
1 February 2023, 06:49 AM | #5 |
"TRF" Member
Join Date: Aug 2019
Location: USA
Posts: 40
|
Going from sky high rent to extremely high rent, doesn't sound like they are hurting to bad.
|
1 February 2023, 07:32 AM | #6 |
"TRF" Member
Join Date: Nov 2013
Real Name: Richard
Location: UK
Watch: Milgauss GV
Posts: 1,611
|
Buy a watch in a rising market, sure. Buy a watch in a static market, maybe if I like it. Buy a watch in a falling market, must be joking.
|
1 February 2023, 08:46 AM | #7 |
"TRF" Member
Join Date: Jan 2022
Location: London
Watch: Daytona 116520
Posts: 26
|
13% laid on in the article I read
|
1 February 2023, 03:39 PM | #8 |
"TRF" Member
Join Date: Feb 2022
Real Name: Casey
Location: El Norte
Watch: Speedy
Posts: 100
|
Over 700 platinum day dates for sale today on their platform, that’s a lot as I’ve been waiting for the prices to come down a bit and watching the total amount for sale go up a bunch but fairly stable prices. Usually larger volume is better for the sales platform, so I’m guessing they’ll be just fine. Cheers
|
2 February 2023, 06:03 AM | #9 |
"TRF" Member
Join Date: Oct 2022
Location: NYC Area
Watch: 26331ST Blue
Posts: 18
|
It doesn't surprise me.
|
2 February 2023, 06:04 AM | #10 |
"TRF" Member
Join Date: Oct 2022
Location: NYC Area
Watch: 26331ST Blue
Posts: 18
|
Interesting.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.