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Kinnakeet · 28 June 2022, 10:28 AM

Quote:

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...

I agree, Steven. We were just saying the same.

Also, Mayors has been very good to us as we have to them. My husband just got a WG Sub in from them. Now if they can just get in my 36MM Tiffany blue OP!!

Gary Busey · 28 June 2022, 10:43 AM

Quote:

Originally Posted by 59_Burst

Sort of a silly graph as modern, factory made "luxury Goods" are not invest-able and we all know it.

Now let's see a graph of vintage timepieces and their corresponding auction prices, versus grey market dealers selling above MSRP.

It’s not silly. There is a bid offer, and that’s all you need. Houses are no more liquid than watches. You only need to understand and agree (or disagree) with the calculation methodology

Sent from my iPhone using Tapatalk

EEpro · 28 June 2022, 11:03 AM

Quote:

Originally Posted by 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.

68% over retail for a strap watch with a moon phase seems like a steal

TomLou · 28 June 2022, 11:37 AM

No matter what the new percentages and prices are ? There no watches available.

Turbo Racer · 28 June 2022, 12:13 PM

Quote:

Originally Posted by EEpro

68% over retail for a strap watch with a moon phase seems like a steal

I think it might be for those who paid $150 lol

beshannon · 28 June 2022, 08:07 PM

Ok

After this week I am expecting the complete opposite

Calatrava r · 28 June 2022, 11:32 PM

Quote:

Originally Posted by fskywalker

Lets hope craziness on pricing over MSRP ends soon !!

Sent from my iPhone using Tapatalk Pro

Used prices are set by supply and demand. On the supply side, softening used prices could increase flipping from FOMO or reduce it as less money to be made. Softening used prices could also increase demand on the used market as more can afford them. So, it is quite possible that availability will not change until there is a substantial move out of watches to some other new fad. This is due to the fact Rolex makes about one million watches a year in a world of seven billion people.

zoenoadad · 28 June 2022, 11:40 PM

Wait, so you're saying I can't trade my $12,500 MSRP Daytona for a Ferrari? I thought I'd just hold onto it for a few more years, then dump it for a sports car. Guess I'll have to look at Porsche instead now...

sski · 29 June 2022, 12:19 AM

Quote:

Originally Posted by zoenoadad

Wait, so you're saying I can't trade my $12,500 MSRP Daytona for a Ferrari? I thought I'd just hold onto it for a few more years, then dump it for a sports car. Guess I'll have to look at Porsche instead now...

give it enough time, then you can trade it in for a lovely Panda; Fiat Panda.

Retlas · 29 June 2022, 01:21 AM

Just watched a few auctions on Watchcollecting.com
No date sub 2022 - unsold (bid of £9.6k)
2021 Blue Yachtmaster - sold for £11,750k (small premium over msrp)
LV Sub 2021 - unsold (top bid was £15.6k)

Sellers reserves still someway from buyers....

Sandpit · 29 June 2022, 02:00 AM

Quote:

Originally Posted by Retlas

Just watched a few auctions on Watchcollecting.com
No date sub 2022 - unsold (bid of £9.6k)
2021 Blue Yachtmaster - sold for £11,750k (small premium over msrp)
LV Sub 2021 - unsold (top bid was £15.6k)

Sellers reserves still someway from buyers....

Loupe This and Doublewrist Auctions are also good auction sites to keep a track on.

Very interesting to see the rea world value of these things vs the dreamer prices being advertised.

jfmiii · 29 June 2022, 02:29 AM

Quote:

Originally Posted by Sandpit

Loupe This and Doublewrist Auctions are also good auction sites to keep a track on.

Very interesting to see the rea world value of these things vs the dreamer prices being advertised.

2021 Black dial DaytonaC hammered for $26k 2 weeks ago on LoupeThis. Been watching the auctions and even the vintage mkt seems to be getting hit.

train-time · 29 June 2022, 02:39 AM

Looks like Karma might be on track.... One can only hope that normality prevails.

Modiferous · 29 June 2022, 03:09 AM

LoupeThis, 116509 Daytona Meteorite dial, box & papers, near mint, sold for $54K (plus 10% premium is added I believe).
https://loupethis.com/auctions/rolex...daytona-116509

jfmiii · 29 June 2022, 06:48 AM

still dropping....

lowest I've seen a steel Daytona in quite some time.

rolexpatek363 · 29 June 2022, 07:02 AM

Quote:

Originally Posted by jfmiii

even the vintage mkt seems to be getting hit.

No, it isn't.

jfmiii · 29 June 2022, 07:22 AM

Quote:

Originally Posted by rolexpatek363

No, it isn't.

yes it is. $10k for an Eric Ku vetted 5513 is definitely down.

https://loupethis.com/auctions/rolex...-non-date-5513

rolexpatek363 · 29 June 2022, 08:28 AM

Quote:

Originally Posted by jfmiii

yes it is. $10k for an Eric Ku vetted 5513 is definitely down.

https://loupethis.com/auctions/rolex...-non-date-5513

You have one data point. Congrats, point totally proved.

When can we get back to discussing watches, rather than prices?

bin31z · 29 June 2022, 08:43 AM

I think people would rather discuss watches except all these speculators have ruined the hobby with their flipping nonsense. Now they going broke trying to dump inventory as fast as possible, and I say good. I'm so sick of these young kids and self proclaimed gurus becoming "dealers" just to flip watches, its all good when everything is up up up every week but when you are taking a 30% haircut, suddenly you are no longer an expert telling everyone to buy buy buy before the prices go up even more.

Quote:

Originally Posted by rolexpatek363

You have one data point. Congrats, point totally proved.

When can we get back to discussing watches, rather than prices?

Incroyable12 · 29 June 2022, 09:10 AM

Quote:

Originally Posted by jfmiii

still dropping....

lowest I've seen a steel Daytona in quite some time.

I saw a chocolate dial YG DD on Moda for $54k.

jarecki · 29 June 2022, 10:38 AM

Quote:

Originally Posted by rolexpatek363

You have one data point. Congrats, point totally proved.

When can we get back to discussing watches, rather than prices?

Yes, let’s do it! You should start by leaving this thread…

huncho · 29 June 2022, 11:01 AM

Quote:

Originally Posted by jfmiii

still dropping....

lowest I've seen a steel Daytona in quite some time.

not to say prices aren't dropping but an F serial naked 116520 at 22k isn't anything crazy. just did a quick search and 116520s from that time period were going for 26-30k full set back in jan-march. just not something anyone would want to look for when going for a daytona i think considering it's almost 20 years old at this point and most would be beat up or badly polished. the random serials were pushing 40 so it would be interesting to see how those are holding up

jfmiii · 29 June 2022, 11:13 AM

Quote:

Originally Posted by huncho

not to say prices aren't dropping but an F serial naked 116520 at 22k isn't anything crazy. just did a quick search and 116520s from that time period were going for 26-30k full set back in jan-march. just not something anyone would want to look for when going for a daytona i think. the random serials were pushing 40 so it would be interesting to see how those are holding up

Lowest I see on watchrecon is in the 27-28k range w/o papers for an alphabet serial. Here is one example:
https://www.rolexforums.com/showthread.php?t=843461

I don’t follow these all that closely but I was pretty surprised by the 22k price. Maybe I’m mistaken though.

jfmiii · 29 June 2022, 11:15 AM

Quote:

Originally Posted by rolexpatek363

You have one data point. Congrats, point totally proved.

When can we get back to discussing watches, rather than prices?

Thank you for agreeing that this watch was much lower than where it would’ve been 6 months ago.

rolexpatek363 · 29 June 2022, 05:54 PM

Quote:

Originally Posted by jfmiii

Thank you for agreeing that this watch was much lower than where it would’ve been 6 months ago.

I know nothing about that specific watch. How much was it worth six months ago?

HuguenotSW1 · 29 June 2022, 06:08 PM

bin31z · 30 June 2022, 06:34 AM

Just for a point of reference, there are at least 2-3 of the newer grey dealers that have are hemorrhaging at the moment, not paying their dealer network. I assume they were acquiring inventory on a line of credit or faith in the dealer network (I see they have millions in inventory on their webpages and I doubt they have that kind of capital unless all their Pateks are on consignment). So they are essentially leveraging debt to acquire a highly volatile asset. I have no clue what their interest is on their lines of credit or whatever but I would assume the rate doubled or tripled while their inventory took a 30% haircut which probably put them upside down as well as without cashflow. Anyone with any business sense would know that watches prices can't just go up every week to make this business model profitable.

EEpro · 30 June 2022, 06:46 AM

Wake me up when Royal Oak is $29K again.

Everyone being in agreement that the end is near is actually bullish IMO. If the fed panics over the recession it created and reverses course and drops rates 3% and begins QE I wouldn't want to be short anything other than dollars.

S7gpt · 30 June 2022, 07:10 AM

starting to feel that new Pepsi from an AD may be a possibility next year ;)

Saravence · 30 June 2022, 07:21 AM

what app do you use for these graphs?

28 June 2022, 08:07 PM	#96
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Ok After this week I am expecting the complete opposite __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

28 June 2022, 11:40 PM	#98
zoenoadad "TRF" Member Join Date: Nov 2016 Real Name: Jason Location: Brussels, Belgium Watch: Daytona C, JC DSSD Posts: 348	Wait, so you're saying I can't trade my $12,500 MSRP Daytona for a Ferrari? I thought I'd just hold onto it for a few more years, then dump it for a sports car. Guess I'll have to look at Porsche instead now... __________________ Daytona 116500 (black) JC Deep Sea SeaDweller

30 June 2022, 06:46 AM	#118
EEpro 2024 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,084	Wake me up when Royal Oak is $29K again. Everyone being in agreement that the end is near is actually bullish IMO. If the fed panics over the recession it created and reverses course and drops rates 3% and begins QE I wouldn't want to be short anything other than dollars. __________________ ♛ ✠ Ω 2FA Active

28 June 2022, 11:37 AM	#94
TomLou "TRF" Member Join Date: Jun 2021 Real Name: Tom Lou Location: Hanoi Suburbs Watch: Rlx 1807 President Posts: 285	No matter what the new percentages and prices are ? There no watches available.

29 June 2022, 01:21 AM	#100
Retlas "TRF" Member Join Date: Mar 2022 Location: London Posts: 66	Just watched a few auctions on Watchcollecting.com No date sub 2022 - unsold (bid of £9.6k) 2021 Blue Yachtmaster - sold for £11,750k (small premium over msrp) LV Sub 2021 - unsold (top bid was £15.6k) Sellers reserves still someway from buyers....

29 June 2022, 02:39 AM	#103
train-time "TRF" Member Join Date: Feb 2009 Location: Maryland, USA Watch: All gone! Posts: 4,000	Looks like Karma might be on track.... One can only hope that normality prevails.

29 June 2022, 03:09 AM	#104
Modiferous "TRF" Member Join Date: May 2019 Location: California Posts: 289	LoupeThis, 116509 Daytona Meteorite dial, box & papers, near mint, sold for $54K (plus 10% premium is added I believe). https://loupethis.com/auctions/rolex...daytona-116509

29 June 2022, 06:08 PM	#116
HuguenotSW1 Banned Join Date: Jul 2020 Location: Poland Posts: 121

30 June 2022, 06:34 AM	#117
bin31z "TRF" Member Join Date: Sep 2017 Location: CA Posts: 92	Just for a point of reference, there are at least 2-3 of the newer grey dealers that have are hemorrhaging at the moment, not paying their dealer network. I assume they were acquiring inventory on a line of credit or faith in the dealer network (I see they have millions in inventory on their webpages and I doubt they have that kind of capital unless all their Pateks are on consignment). So they are essentially leveraging debt to acquire a highly volatile asset. I have no clue what their interest is on their lines of credit or whatever but I would assume the rate doubled or tripled while their inventory took a 30% haircut which probably put them upside down as well as without cashflow. Anyone with any business sense would know that watches prices can't just go up every week to make this business model profitable.

30 June 2022, 07:10 AM	#119
S7gpt "TRF" Member Join Date: Oct 2021 Location: Leeds Watch: 126610ln YM37 wife Posts: 549	starting to feel that new Pepsi from an AD may be a possibility next year ;)

30 June 2022, 07:21 AM	#120
Saravence "TRF" Member Join Date: Jan 2022 Location: camarillo Posts: 25	what app do you use for these graphs?

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