Investors Clock Out As Rolex Demand Cools

[WilsdorfNDavis]

According to watchcharts.com Ref 126300 is actually at it's highest all year...

[bin31z]

Originally Posted by EEpro

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.

Yea I don't see that happeneing unless CPI numbers change drastically. They are trying to front load the rate increases and nip this thing in the bud (a day late and a dollar short).

[Incroyable12]

Moda Group has already started warning about certain previously reputable dealers who are deep in debt and unable to deliver.

[jfmiii]

Very interesting posts regarding the grey mkt. we knew a lot of these guys were buying on credit, even heard it talked about on some of these YouTube series. If true, there will be a fire sale at some point. To give him his due, Roman sharif predicted exactly that a few months ago. Bin31z’s post makes the Rolex mkt sound like the US housing mkt in 2008.

[huncho]

Originally Posted by EEpro

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.

agreed, nothing is ever easy and if everyone thinks doomsday is coming then it's always the opposite

[jarecki]

Originally Posted by Incroyable12

Moda Group has already started warning about certain previously reputable dealers who are deep in debt and unable to deliver.

I know some of them are called “trusted” sellers, but I would not send a wire these days to any grey dealer, not matter how reputable… Don’t have too much confidence in their balance sheets and ability to actually deliver the watch…

[Incroyable12]

Originally Posted by jarecki

I know some of them are called “trusted” sellers, but I would not send a wire these days to any grey dealer, not matter how reputable… Don’t have too much confidence in their balance sheets and ability to actually deliver the watch…

The one in question apparently just opened up a brick and mortar shop too.

[enjoythemusic]

Originally Posted by Kinnakeet

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!!

Wonderful! My wife is waiting on the OP 36mm TIF too. Let's both cross our fingers and hope

[amh]

Originally Posted by enjoythemusic

Wonderful! My wife is waiting on the OP 36mm TIF too. Let's both cross our fingers and hope

It's made of Unobtanium.

[WilsdorfNDavis]

Originally Posted by CarlOver

Wow! That hurts.

It was at $395 on Jan 3rd, 2020 before the pandemic hit.

It closed at $801 today.

Still up over 100% from just 2.5 years ago.

[cts]

Originally Posted by jarecki

I know some of them are called “trusted” sellers, but I would not send a wire these days to any grey dealer, not matter how reputable… Don’t have too much confidence in their balance sheets and ability to actually deliver the watch…

Or deliver a genuine one. Desperate people do desperate things….

[jfmiii]

Originally Posted by Incroyable12

The one in question apparently just opened up a brick and mortar shop too.

Just saw the post on Moda. All I can say is wow. Can anyone say “Lehman moment?”

[doboy007]

Originally Posted by jfmiii

Just saw the post on Moda. All I can say is wow.

You mind sharing the details?

[GradyPhilpott]

Originally Posted by 4 Aussies

Good Riddance to the investors!!

[eijiboy]

One grey dealer bites the dust




Sent from my iPhone using Tapatalk

[EEpro]

Originally Posted by eijiboy

One grey dealer bites the dust




Sent from my iPhone using Tapatalk

Oooh. It's like the watch Lehman moment. The seven figure debt ripple could cause others to fall for sure.

[doboy007]

Thanks for sharing the warning.

[AbeFroman]

Originally Posted by EEpro

Oooh. It's like the watch Lehman moment. The seven figure debt ripple could cause others to fall for sure.

What’s interesting is that dealer in question bragged about throwing $150k (one dollar bills) in the air at a Vegas party in TPG’s NYE video.

Time mark 19:25
https://youtu.be/g4pbD87ChSc

Time mark 32:18
https://youtu.be/NsvTSQpRZno

[Incroyable12]

Originally Posted by EEpro

Oooh. It's like the watch Lehman moment. The seven figure debt ripple could cause others to fall for sure.

Just earlier this month Hypebeast wrote about them opening a new store:

https://hypebeast.com/2022/6/the-wat...ing-california

[jfmiii]

Smartest guys in the room

https://www.rolexforums.com/showthread.php?t=845802

[bin31z]

Originally Posted by jfmiii

Smartest guys in the room

https://www.rolexforums.com/showthread.php?t=845802

Straight up clowns. Btw that watch gentlemen is also screwed and has to leave the brick and mortar store he just leased.

[Incroyable12]

Originally Posted by bin31z

Straight up clowns. Btw that watch gentlemen is also screwed and has to leave the brick and mortar store he just leased.

All these people just exhibit the worst taste.

[Watchcollector123]

Is it happening??

[Alvar*]

There is a dealer in my country who in the early spring acquired a patek 5711 and a few pm royal oaks for sale. He seems to be still listing them with the "old" prices... It is a small dealer and it seems that basicly he has thrown all his eggs into a same basket.

I feel bad for him... kinda.

[1665fan]

He’s burnt toast with a lot of other idiots……lol

[ronricks]

Originally Posted by AbeFroman

What’s interesting is that dealer in question bragged about throwing $150k (one dollar bills) in the air at a Vegas party in TPG’s NYE video.

Time mark 19:25
https://youtu.be/g4pbD87ChSc

Time mark 32:18
https://youtu.be/NsvTSQpRZno

Ooooooof. What a bunch of clowns.

[evo123]

Watches keep dropping even from last month. I reckon pretty much all Rolex is heading back to MSRP.

On MODA there are some crazy price drops and I'm seeing things like 116619LBs, Gold Skydwellers etc....for UNDER retail now.

[beshannon]

Originally Posted by evo123

Watches keep dropping even from last month. I reckon pretty much all Rolex is heading back to MSRP.

On MODA there are some crazy price drops and I'm seeing things like 116619LBs, Gold Skydwellers etc....for UNDER retail now.

[jfmiii]

Originally Posted by beshannon

he's not wrong...

[beshannon]

Funny thread, does anyone still enjoy watches or are these now just speculative hard assets?

Wait, I already know the answer