Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[wclowe]

Interesting data and analysis:

https://www.watchpro.com/prices-slum...rolex-watches/

Cheers!


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[temporarychicken]

I saw this too. The crazy prices for recently discontinued models have gone down a lot, but still quite a bit above their original MRSP.

[padi56]

Originally Posted by wclowe

Interesting data and analysis:

https://www.watchpro.com/prices-slum...rolex-watches/

Cheers!


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Originally Posted by temporarychicken

I saw this too. The crazy prices for recently discontinued models have gone down a lot, but still quite a bit above their original MRSP.

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

[rolexpatek363]

The headline isn't really borne out by the data, a bit like when you see "SALE! up to X% off". It usually turns out that the thing you actually want to buy is reduced by only a small fraction of X. Makes a great clickbait headline, though.

I thought these "investment" threads were against TRF rules. I would have thought grownups could research prices of watches themselves, but hey.

[Patton250]

Originally Posted by rolexpatek363

The headline isn't really borne out by the data, a bit like when you see "SALE! up to X% off". It usually turns out that the thing you actually want to buy is reduced by only a small fraction of X. Makes a great clickbait headline, though.

I thought these "investment" threads were against TRF rules. I would have thought grownups could research prices of watches themselves, but hey.

I would imagine that when prices stabilize and come back to normal and people can buy whatever models they want then discussions of prices will probably cease to exist. It’s no different than energy prices. Lots of other forums that’s a major topic of discussion but once they come back to normal it won’t be so much.

[Db7566]

Originally Posted by rolexpatek363

The headline isn't really borne out by the data, a bit like when you see "SALE! up to X% off". It usually turns out that the thing you actually want to buy is reduced by only a small fraction of X. Makes a great clickbait headline, though.

I thought these "investment" threads were against TRF rules. I would have thought grownups could research prices of watches themselves, but hey.

After years of threads pumping the rise, I enjoy some threads about the end of the insanity. Maybe in six months people can get the watch they want after some reasonable wait.


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[CoolCat#7208]

Watch prices are all over the place at the moment because of the economic macro. This is not exclusive to the watch market, it's everywhere.

Speculative grey dealers (mostly inexperienced) spent the last 3-4yrs filling their stock boxes up and now they have nowhere to go because most of them have no liquidity to do anything day by day. Hence why prices are falling because there are more sellers than buyers right now. Times are tough for most people now and less are looking to make luxury purchases.

Like anything, if prices start to feel ridiculous (£30k+ for 41mm OP) then apologies but I don't feel too sorry for you for buying if you bought for an InVeStmEnT.
Anyone buying watches purely from an investment perspective is likely to get burned at some point.
Buy what you like. Buy from an AD and relax, or buy from the Grey Market but prepare to be upset when that number goes down.

[Heady Topper]

Originally Posted by padi56

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

[1665fan]

Yea show me a nice 5 digit sub or gmt that has dropped in value at all…..they haven’t…..maybe stop going up but not dropped

[59_Burst]

"Data shared by..Chonext"- Mean WHAt exactly??

Auction Prices (doubtful)

Asking prices on Chrono24 and TRF? (Most likely)

Asking ain't getting as the market is now showing. Did ANYONE actually pay $40K USD for Tiffany Blue OP?

[C0d]

Originally Posted by padi56

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

padi56 should be a moderator on all watch forums.

[Fred_Tan]

Doesn’t matter if it drop to free.
In Singapore we have zero, “kosong” OP31/36/41 of any color in all AD.
Before sub-prime, before C19, before WnW, after BitCoin collapse all same to us mere mortals without zillions of RMB or Rupiah.
Not unless u have Salem family name or your grandparents/parents are current/former CCP Pulitburo

[NimbleNavigator]

Originally Posted by padi56

This was a forum started mainly for about the history and watches made by the RWC over the past 100 odd years. Now today Rolex watches have become little more than ££$$€€ object things and nothing more. The history of the brand has gone, now its value this or that, and silly nicknames, or worring and fretting over the slightest scratch, or a second or so out of 86400 seconds in a day.

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

[C0d]

Originally Posted by NimbleNavigator

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

Why are you so bothered by what his opinions are?

[padi56]

Originally Posted by NimbleNavigator

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

Can assure you added more value over the past 17 odd years than yourself, I am entitled to my opinion if you dont like my opinion dont reply its that simple.

[Solo118]

Originally Posted by NimbleNavigator

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

All due respect, you have been here for a few years you should know who Peter is and what he brings to this community. He is 100% correct, as this forum should be used for gaining knowledge on the brand, and talk amongst friends rather than discussing prices and valuations all day.

[mountainjogger]

Originally Posted by rolexpatek363

The headline isn't really borne out by the data, a bit like when you see "SALE! up to X% off". It usually turns out that the thing you actually want to buy is reduced by only a small fraction of X. Makes a great clickbait headline, though.

I am amazed that people don't get this.

[douglasf13]

Originally Posted by C0d

padi56 should be a moderator on all watch forums.

[mountainjogger]

Originally Posted by NimbleNavigator

Why do you keep complaining and coming back here everyday then? I remember last year you wanted to retire. Must be a glutton for punishment. And what value do you add with constant complaining?

Try showing a little respect. Or ignore the posts.

[Patton250]

Originally Posted by Solo118

All due respect, you have been here for a few years you should know who Peter is and what he brings to this community. He is 100% correct, as this forum should be used for gaining knowledge on the brand, and talk amongst friends rather than discussing prices and valuations all day.

Brother and this was a forum designed to talk about Corvettes and all of a sudden for whatever reason the price of the Corvettes doubled, tripled and in some cases even quadrupled I assure you it would be a major point of topic. Having said that I do look forward to never talking about prices again because that would mean they’ve come back to normal. You do get my point though. I also understand it’s been beaten to death.

[Heady Topper]

Originally Posted by padi56

Can assure you added more value over the past 17 odd years than yourself, I am entitled to my opinion if you dont like my opinion dont reply its that simple.

It's redundant, repetitive and I just feel bad for you cause it doesn't seem enjoyable. You can also stay clear of threads discussing this the same way you ask others to ignore your posts.

It's unfortunate that after 17 years, your TRF persona is now this, but hey, that's just my opinion.

[douglasf13]

Originally Posted by Patton250

Brother and this was a forum designed to talk about Corvettes and all of a sudden for whatever reason the price of the Corvettes doubled, tripled and in some cases even quadrupled I assure you it would be a major point of topic. Having said that I do look forward to never talking about prices again because that would mean they’ve come back to normal. You do get my point though. I also understand it’s been beaten to death.

I don’t know, I haven’t seen a ton of that in the major Porsche forums, despite their meteoric rise in prices. I guess the difference is that car forums have a ton of other mechanical issues to talk and ask about, but not many here fix their own watches.

[Fred_Tan]

Originally Posted by douglasf13

I don’t know, I haven’t seen a ton of that in the major Porsche forums, despite their meteoric rise in prices. I guess the difference is that car forums have a ton of other mechanical issues to talk and ask about, but not many here fix their own watches.

Now this explain why I can’t even find any short wheel based Porsche at 10x the current price

[Fred_Tan]

Originally Posted by douglasf13

I don’t know, I haven’t seen a ton of that in the major Porsche forums, despite their meteoric rise in prices. I guess the difference is that car forums have a ton of other mechanical issues to talk and ask about, but not many here fix their own watches.

Now this explain why I can’t even find any short wheel base Porsche at 10x the current price

[BillA]

Really? Prices going down on discontinued models?
I have been trying to snag a decent 16570 for some time now, I do not see prices dropping that would make me want to jump in.

[Fred_Tan]

Originally Posted by BillA

Really? Prices going down on discontinued models?
I have been trying to snag a decent 16570 for some time now, I do not see prices dropping that would make me want to jump in.

Ditto. Sounds like loads of c*** to me.
Wait till total lockdown and zero C19 policy is lifted in China and we shall see

[Tensai]

Phew. I almost traded my house in Nantucket for 5 “Tiffany” OP 41s and a handful of John Mayer Daytonas. Glad I didn’t. Close call.

[Roddypeepa]

I for one am all for this forum getting back to discussing watches and their history, design, function and form.

Secondary prices may go up long term, they may go down. Ignore c24 as loads of greedy dealers are just that - greedy and chancers eg asking 25 per cent over retail for a black bay gmt that can be had at retail immediately in almost any dealer worldwide and has been for two years at least.

Prices falling is good for collectors - I’m all for it and it’ll take time to reflect online prices.


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[VegasBaby]

Most of the newer members, complaining about the crazy prices of the past two years and whining about how they can’t afford to buy Rolex are now not interested as prices are dropping. Truly, they had no interest in these watches other than for the potential profit they they missed out on by flipping. They’re not interested in buying a Daytona $50,000 nor at $25,000.

[link517]

Originally Posted by BillA

Really? Prices going down on discontinued models?
I have been trying to snag a decent 16570 for some time now, I do not see prices dropping that would make me want to jump in.

This analysis is on OP models which are normally available at retail. These are peak hype models with their colorful dials. I sort of cringe when someone thinks they scored a major deal because they got an OP from an AD. Buy what you like, and if you don't like the OP knowing it's worth 50% of retail, maybe you should have worried more about your preferences than scoring a deal.

It's similar to when I saw someone trying to offload three two-tone yachtmaster IIs. How did you end up with three of these and what was your thesis for the resale?