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

[brandrea]

50% off an already ridiculous ask is no “deal”

[Mastergreenhand]

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.

Most of us who've been here a while like myself know what you bring to the table Padi56!

[mountainjogger]

Originally Posted by Chewbacca

I’m ruined!

You call always go live with Blansky. He has a big heart.

[MAINEZX10]

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.

+1. I joined this forum almost 15yrs ago. It was a lot better back then. When certain members posted something, you knew it was going to be a good read. I still like the forum but it has changed.

[Ensign]

Apparently the Rolex market is behaving exactly like any other - what went up the most, is falling the most.

[JWillard]

Originally Posted by Ensign

Apparently the Rolex market is behaving exactly like any other - what went up the most, is falling the most.

Reminds me of gravity

[Chewbacca]

Originally Posted by mountainjogger

You call always go live with Blansky. He has a big heart.

Can I sell his sofa?

[BillA]

I see no price reductions on 5 digit serial models.
Perhaps someone could post an example of a price drop?

[Rexplorer214270]

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 respond in the thread then? No one is forcing you to read the threads.

[MoStuff]

Did you guys see that the Paul Newman Daytona was bought at auction for a record setting price.

I joke I joke. Lol.

Why would a watch sell for 17 million because some actor wore it?


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[Cogno]

I’ve been buying and selling watches for years, I’ve never been able to get a steel Rolex, AP, Patek at msrp, but that didn’t stop me from buying at grey market, not because I thought it was a good investment but just because I take luxury watches for what they are, a display of wealth and a passion for horology.
In the past grey prices were ok, cause only people with money were buying, then the average joe jumped in and turned it into an investment creating a bubble.
So let’s hope for the hype to decrease even more so most of you dreamers will disappear and we can start enjoying wasting money on luxury goods again.
I bought a yellow OP a week ago knowing it could lose more value, but that made my watch even more exclusive, cause most of you weren’t buying before and won’t definitely buy now, so thank you :)

[Loevhagen]

Proposal for improvement:

Simply make a sub-forum where people can discuss value retention, etc - or as padi calls it; no more than ££$$€€.

[Incroyable12]

I've been getting a lot of Price Alarm emails with price drops from Chrono24 lately.

[enjoythemusic]

Originally Posted by Loevhagen

Proposal for improvement:

Simply make a sub-forum where people can discuss value retention, etc - or as padi calls it; no more than ££$$€€.

Great idea... and already been floated a year or so ago. Would still be wonderful if this happened. i already offered to pay for whatever webmastering work it would take to 'make it so'.

My concern is the next step of this 'financial wave' back to normalcy where those who may have overly relied upon a (false) 'value play' to see things go back to historic norms. i welcome getting back to normal times, yet some might get very emotional (angry) as they see the flow of perceived value move in a direction they were not factoring in.

jmho

[Spurman]

Explorer 39mm did not drop 50par leh

[mountainjogger]

Originally Posted by Chewbacca

Can I sell his sofa?

No.

[csaltphoto]

Well we are certainly not in the "any Rolex at any price" times any more. Daytona's have seen something of a drop, maybe 25%. Subs less than 10%. PM pieces it depends. But the oddball sizes and configurations they have dropped a lot. But they were unpopular to start with.

[Fedpete]

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?

+1

It’s a Rolex forum and we are going to ignore the greatest topic surrounding Rolex of the last three years—the market. Makes sense.


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[Rexplorer214270]

Originally Posted by Mastergreenhand

Most of us who've been here a while like myself know what you bring to the table Padi56!

What would that be? Please be specific

[Fedpete]

Originally Posted by MiloDiThernan

I agree with you. Few things are less attractive than narrow minded, single issue, old men. Who have no ability to listen and adapt. I understand, as an old man myself, that an excessive emphasis on money, rather than beauty, is one dimensional. And boring. But all the posts here addressing the value that others perceive in Rolex (in other words, what does the market think) are of much greater interest than the bad-tempered ‘stop talking about money” oldies with thousands of ‘what are you wearing?’ posts. I expect an infraction warning. Or this to be deleted. But if the old lions don’t give way to the young lions, the pride dies. And the youngsters on this forum have far more insight and colour to offer than the old complainers.

Give this man a medal. Dead. Nuts.


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[GB-man]

Originally Posted by Rexplorer214270

What would that be? Please be specific

Padi has extensive knowledge of the Rolex brand and history. He was also a diver and spent decades using rolex dive watches as intended. If you want to engage padi discuss rolex history, rolex technical specifications or diving with rolex. Considering the amount of people left here who can tell a hairspring from a balance bridge I’d say his input is of value should you ask the right questions!

[Chris]

Originally Posted by GB-man

Padi has extensive knowledge of the Rolex brand and history. He was also a diver and spent decades using rolex dive watches as intended. If you want to engage padi discuss rolex history, rolex technical specifications or diving with rolex. Considering the amount of people left here who can tell a hairspring from a balance bridge I’d say his input is of value should you ask the right questions!

[HelloMelo]

116610LV just sold for 17.6 on Moda. What a drop from its highs....

[MoStuff]

Originally Posted by GB-man

Padi has extensive knowledge of the Rolex brand and history. He was also a diver and spent decades using rolex dive watches as intended. If you want to engage padi discuss rolex history, rolex technical specifications or diving with rolex. Considering the amount of people left here who can tell a hairspring from a balance bridge I’d say his input is of value should you ask the right questions!

I’m pretty sure 99.9% of the people on all watch forums have no idea what a hairspring is.

I think there are watch maker forums?


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[huncho]

Originally Posted by HelloMelo

116610LV just sold for 17.6 on Moda. What a drop from its highs....

until the bad greys finish dumping all their inventory it's not a surprise. i don't think prices would be this low naturally if it wasn't for that

[Crown & Shield]

Originally Posted by MoStuff

I’m pretty sure 99.9% of the people on all watch forums have no idea what a hairspring is.

I think there are watch maker forums?


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I hope you are joking but deep inside I am afraid you are not.

[Chewbacca]

Originally Posted by mountainjogger

No.

Reported!!!

[tanask211]

It's great to see price correction and teach those flippers a good lesson but felt sorry for those genuine collectors who paid high premium for the pieces. Anyway my AD has yet to fulfill his promise of getting me a SS sport Rolex as the there aren't enough supplies to go around.

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[saxo3]

Originally Posted by MoStuff

I’m pretty sure 99.9% of the people on all watch forums have no idea what a hairspring is.

You think these are the same 99.9 % who don't care about timekeeping and wonder what the difference between accuracy and precision is?
NO!!! On a watch forum they all know what they are talking about, 100 % sure

[CharlesN]

Originally Posted by saxo3

what the difference between accuracy and precision is?

I am so confused that I can not even begin to imagine what the difference between Accuracy and Precision is.

Please could you explain to me and everybody else.

Diagrams and graphs would be very welcome.

Only kidding …….. for those that don’t know yet ……. Perhaps they could look at the thread that is all about the 32xx problems There is a lot that can be learnt there.