Watch pro say prices are cooling

[xeal]

Originally Posted by DRuss

Yes, I noticed this too when I last visited my AD window shopping.

Super relevant response
Grey market being MSRP + $2000 will still lead to zero watches at your / or any other AD.
No-one suggested the watches will be parked on AD shelves due to a market correction - which we can re visit on this thread in the coming 12 weeks and hopefully people will then not be as delusional.

[Hollie_Rollie]

Originally Posted by NYG1121

absolutely prices are softening. Watches are sitting for a while at greys for those that are paying attention.

You mean they can’t offload those 23k Pepsis and 40k Daytonas anymore?


Sent from my iPhone using Tapatalk

[Hollie_Rollie]

So insanely high prices are coming down to insane prices. Got it.


Sent from my iPhone using Tapatalk

[peterpl]

Originally Posted by Hollie_Rollie

So insanely high prices are coming down to insane prices. Got it.
Sent from my iPhone using Tapatalk

Hahahaha

I dont think anyone is saying we will see a 50% drop or whatever. Everyone is too rich due to all the money printing.

I just think ppl are realising $38k for a SS Modern Daytona and $22-$23k for a BLRO is insane. It eventually comes to a point where common sense begins to take over.

Watches are hobbies and not necessities like food or housing.

If you pay close attention to classifieds like Facebook Marketplace, Gumtree, Ebay etc.....heaps of watches have been sitting there for months - especially the most hyped ones.

[brandrea]

Doesn’t every one who had the FOMO have their watch by now?

[DoricSpiker]

The article seems tell us little we don't know and also hypes up FP Journe, a man that would be sick on his shoes at the thought of 28 year old bonus boys on Instagram being his main buyers!

[beshannon]

Using asking prices as evidence of prices "cooling" is rather humorous.

[Wrist Watcher]

Originally Posted by peterpl

Hahahaha

I dont think anyone is saying we will see a 50% drop or whatever. Everyone is too rich due to all the money printing.

I just think ppl are realising $38k for a SS Modern Daytona and $22-$23k for a BLRO is insane. It eventually comes to a point where common sense begins to take over.

Watches are hobbies and not necessities like food or housing.

If you pay close attention to classifieds like Facebook Marketplace, Gumtree, Ebay etc.....heaps of watches have been sitting there for months - especially the most hyped ones.

Agree with all of this. Spot on.

[Hollie_Rollie]

Originally Posted by peterpl

Hahahaha

I dont think anyone is saying we will see a 50% drop or whatever. Everyone is too rich due to all the money printing.

I just think ppl are realising $38k for a SS Modern Daytona and $22-$23k for a BLRO is insane. It eventually comes to a point where common sense begins to take over.

Watches are hobbies and not necessities like food or housing.

If you pay close attention to classifieds like Facebook Marketplace, Gumtree, Ebay etc.....heaps of watches have been sitting there for months - especially the most hyped ones.

And the flex really isn’t as big of a flex anymore


Sent from my iPhone using Tapatalk

[Nauti]

Warren says it best…

“So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls—but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other.”

[trout_thumper21]

Originally Posted by GST15

If you buy watches as a collector, and not a speculator, you're are not concerned with price fluctuations. If you are patient, and pay MSRP for the watches that you truly want, you will never get burned with Rolex. If you bought your grail watch at a higher price, good for you. You are going to keep it forever anyway. Watches are not a commodity for most of us.

This!

[Son Goku]

Originally Posted by brandrea

Doesn’t every one who had the FOMO have their watch by now?

This is what I always think too. How many more people out there are actually willing to pay $40k for a SS Daytona, $23k for a BLRO, etc.

I’m sure there are still some out there, but I can’t imagine it’s many at this point especially since as many have pointed out so many of the hyped references have been sitting for months and there’s an abundant supply in the market.

[YGRLX]

People will buy up a 3 percent dip in watch prices the name way they bought up the 3 percent dip in the stock market…

[sj24k]

Yawn.


Sent from my iPhone using Tapatalk

[turkeysub93]

When I hear someone holds the title "watch pro"...

[dannyp]

Originally Posted by Thebuzz

(Most) People are focused on enjoying their summer. Less demand.


Sent from my iPhone using Tapatalk

Originally Posted by warren G.

Ha.. one can hope. I don't think we won't see a straight up crash anytime soon. I would say like most consumer goods, demand is generally soft during the summer. That + people are going nuts on summer vacation. On a unrelated note, if you have a car.. it's a good time to sell that lol.

Originally Posted by Fleetlord

Summertime blues. Happens every year....especially this year as there was no "summer" last year.

Then prices will rise up again in the fall / winter for the holidays.

I also wonder if a return to B&M shopping may be contributing to the perception that prices have softened. Unlike with online sales, it's more difficult to aggregate data from B&M sales and if a larger percentage (than in 2020) are happening this way, it could throw pricing data, whether or not it has any impact on actual prices.

[904VT]

This is a pipe dream. Prices aren't going anywhere long-term. Maybe short-term temporarily, but doubt that too.

Rolex now has discontinued 6 digits, driving the price in secondary of new production models. Support.

Rolex MSRP is still way too low considering. But secondary pricing is staying at high levels until we see major currency appreciation. The key to all the pricing jumps was CHF unpegging from EUR, followed by Brexit, which resulted in "Rolex Arbitrage" aka people flying all over trying to be 1990's style Rolex day traders. About the only thing that can collapse is the flipper friendly market. Then again lots of free money floating. The demand has always been there, that is nothing new.

[Longhorn]

As someone who sold high and slightly regret it, I welcome the cooling so I can buy it back for cheaper than what I sold it for. LOL

[Gerardus]

Originally Posted by JacksonRain

Can't wait to visit this thread in a year!!!

Sent from my SM-G988U using Tapatalk

[SubMillennial]

Every Tulip has its day, and this was inevitable as more and more of the new generation hot models are produced since the updates.

[1665fan]

Originally Posted by Fleetlord

Summertime blues. Happens every year....especially this year as there was no "summer" last year.

Then prices will rise up again in the fall / winter for the holidays.

Exactly right!

[904VT]

Originally Posted by 1665fan

Exactly right!

I think partially because Summer historically has been the period right before hot new models hit ADs. Collectors deferring purchases until Fall incomings. Nowadays though, seems most will take any watch an AD offers.

[zengineer]

Originally Posted by Lukebennett21

Been saying this for a few weeks

Say it every week, eventually you will be right...or never.

Sent from my SM-G960U using Tapatalk

[askdanny]

Wait about six months for pre-Watches and Wonders rumors and speculation, it'll spike again. Air-King discontinued! Milgauss discontinued! Green-dial Daytona discontinued! Daytona size to increase!

[Screwly]

Originally Posted by askdanny

Wait about six months for pre-Watches and Wonders rumors and speculation, it'll spike again. Air-King discontinued! Milgauss discontinued! Green-dial Daytona discontinued! Daytona size to increase!

This! It’s like a never ending cycle

[KrazyKorean]

Originally Posted by Lukebennett21

hulk seems to keep going up - the softening I am seeing is for last gen subs (non hulk), explorer II, milgauss (probably will start going up again later this year), Batgirl, blue and grey OP39, PM YM II it's not every model, but enough to be noticeable - seems like the less hyped models are taking a breather

Agreed on the Hulk

[Master_Grogu]

126660 is already climbing to ridiculous prices because people expect it’s discontinuation soon.

[Posh Gentleman]

i wonder who's even buying ss daytona for like $40k.

yes, for some folks that's not that much dough. but still, even for the rich, you can invest that wisely and that's significant enough of a capital base to make a difference in your net worth in the span of 5-10 years. and ss daytona isn't some high horology, exclusive piece from AP or Patek.

i got ss daytona from grey 2 years ago for like $17k. I thought I was over paying at the time. but $40k for daytona? meh, hard pass from me.

my guess is pm rolex models will nose dive sooner than later. pre owned YG subs that used to sell for like $22k are now selling above retail. i don't see this trend sticking around much longer. historically pm rolex models have not kept their value well.

[BigAppleBill]

Many responses here seem to be assuming the article says “prices are declining.” In actuality the article says that the recent run up in market pricing has “cooled” and “plateaued”, which means prices are still at or near their highs, leveling off, not going higher or lower.

Will there be a significant drop in the near future? Maybe. Is this a pause before resuming another climb in prices? Who knows? Just about every market is experiencing something similar. All I know is that these things are cyclical, so fluctuations should be expected. And more importantly don’t buy watches as an investment vehicle. The same goes for cars, art and baseball cards.

Of course it’s nice to know your watch, car, artwork, or baseball card has increased in value. But hopefully you bought it to enjoy it, because there are much more liquid and potentially rewarding “collectibles” for those focused on financial return like Amazon, Apple, Google, Netflix, Nvidia, etc.

[TswaneNguni]

There is a lot of money in the world for the annual production of Rolex .
Just look at the numbers of dollar millionaires in the USA and China .

Prices in the market will increase.