The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Watch Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 14 September 2019, 11:10 AM   #61
replicator
"TRF" Member
 
Join Date: Sep 2012
Location: Canada
Watch: Rolex/AP
Posts: 341
Been visiting AD’s for 10 years and have only ever seen one Daytona SS in stock on a walk-in, and it was in the backroom safe and not on display.

Safe to say Daytona will remain off the shelves for foreseeable future.
replicator is offline   Reply With Quote
Old 14 September 2019, 12:00 PM   #62
Old Geezer
"TRF" Member
 
Old Geezer's Avatar
 
Join Date: May 2015
Location: Earth
Watch: 126619LB and more
Posts: 5,207
In 2016 I purchased Sub LVc from the case. Regular date and no date subs were in the case too. I purchased BLNR from the case. A black GMTc, white and black EXP2 and multiple SS Subs sat there too. In 2017 I also purchased a Subc to gift a dear friend from the case. Since then, the AD's safe is the new case. You only get shown what they want to show you in the sport range. I've been shown coveted pieces from the safe simply held for big fish or as an incentive to close a deal on a PM.

Last edited by Old Geezer; 14 September 2019 at 12:01 PM.. Reason: correct typos
Old Geezer is offline   Reply With Quote
Old 14 September 2019, 12:12 PM   #63
Weasel20
"TRF" Member
 
Join Date: Dec 2017
Location: Chandler, AZ
Posts: 37
My AD told me 6 years ago they were able to stock all of the stainless sports models, in fact he said they would keep a couple of each model in the safe. He doesn't think those days will return anytime in the foreseeable future. Certainly as long as the secondary market will demand over MSRP people will snatch up any sports model as there is no financial risk and only upside for most of these models.
Weasel20 is offline   Reply With Quote
Old 14 September 2019, 12:24 PM   #64
007_Omega
"TRF" Member
 
007_Omega's Avatar
 
Join Date: Jul 2017
Location: Galaxy
Watch: Explorer
Posts: 897
Don't be fooled, an insane amount of hype, investment talk, and resellers are fueling the market. There will be a recession and this will correct the Rolex market. Rolex knows this themselves, hence they are not going to flood the market.

Will we see multiple SS GMTs in a case? I don't really remember going to store and ever seeing that. I mean sure, there may have been a couple of SS GMTs on display but it's not ever going to be like a datejust. Subs will become readily available or at least not too hard to get. They will sell for below retail on the used market (10-20%). Also, even if multiple SS models are available an AD will never put them all out for display. There will be 1 of each model on show and then replaced by a new one once sold. The ADs/Rolex themselves would never allow the Rolex brand to be tarnished by displaying too much product.

SS Daytonas will never be on display. This is the only watch that Rolex makes that I truly believe will never be sold under retail. Sure, if you are paying current market prices for it I believe you will be killed in the next couple of years but if you are buying retail your watch is safe.

We need to stop living in the moment. The more I talk to people with inside knowledge, not with Rolex but rather with greys/ADs, the more I know that this whole thing is a giant farce.

My advice, buy Rolex models that you actually want and do not pay a premium on any of them. Wait a couple of years for these hot models to settle. If there is an economic downturn and you can afford to pay for a $10k watch, ADs will treat with you a great deal of respect again when you walk through those doors. When the hype train comes back, you'll be a VIP.

Buy 5 digit models, with box/papers in great condition. That means either unpolished or properly polished. You'd be surprised at what a small percentage of 5-digit models are in that sort of condition.

6 digit models are extremely mass produced and most are in excellent shape.
007_Omega is offline   Reply With Quote
Old 14 September 2019, 12:30 PM   #65
myporsche
"TRF" Member
 
myporsche's Avatar
 
Join Date: Oct 2015
Location: LA<>NY
Watch: Rolex♠Lange
Posts: 2,277
Quote:
Originally Posted by 007_Omega View Post
Don't be fooled, an insane amount of hype, investment talk, and resellers are fueling the market. There will be a recession and this will correct the Rolex market. Rolex knows this themselves, hence they are not going to flood the market.

Will we see multiple SS GMTs in a case? I don't really remember going to store and ever seeing that. I mean sure, there may have been a couple of SS GMTs on display but it's not ever going to be like a datejust. Subs will become readily available or at least not too hard to get. They will sell for below retail on the used market (10-20%). Also, even if multiple SS models are available an AD will never put them all out for display. There will be 1 of each model on show and then replaced by a new one once sold. The ADs/Rolex themselves would never allow the Rolex brand to be tarnished by displaying too much product.

SS Daytonas will never be on display. This is the only watch that Rolex makes that I truly believe will never be sold under retail. Sure, if you are paying current market prices for it I believe you will be killed in the next couple of years but if you are buying retail your watch is safe.

We need to stop living in the moment. The more I talk to people with inside knowledge, not with Rolex but rather with greys/ADs, the more I know that this whole thing is a giant farce.

My advice, buy Rolex models that you actually want and do not pay a premium on any of them. Wait a couple of years for these hot models to settle. If there is an economic downturn and you can afford to pay for a $10k watch, ADs will treat with you a great deal of respect again when you walk through those doors. When the hype train comes back, you'll be a VIP.

Buy 5 digit models, with box/papers in great condition. That means either unpolished or properly polished. You'd be surprised at what a small percentage of 5-digit models are in that sort of condition.

6 digit models are extremely mass produced and most are in excellent shape.
Great sound advice
myporsche is offline   Reply With Quote
Old 14 September 2019, 12:55 PM   #66
Texex
"TRF" Member
 
Join Date: Apr 2018
Location: Seattle
Watch: Explorer II
Posts: 777
Unless the Chinese stop buying Rolex than the demand won't drop. Rolex has not increased their production yet demand, mainly due to a growing middle class in in China, has sky rocketed. I bet Rolex sells more watches in China than Europe now second only to the US. Just my theory.
__________________
Daytona White 116500LN, GMT II BLNR,
Explorer II Polar, Submariner 116610LV, GMT II BLRO, Sky Dweller Blue.
Texex is offline   Reply With Quote
Old 14 September 2019, 03:40 PM   #67
bay-dweller
"TRF" Member
 
Join Date: Jul 2019
Location: CA-USA
Posts: 258
Quote:
Originally Posted by Rashid.bk View Post
But a hard working middle-class normal person isn't going to just buy a car without seeing it or test driving it, or buy a $10k watch just because it's on youtube.
.
I don't know if that is right.

People lined up for the Tesla Model 3 without even being able to sit in the car.
People line up for the latest cell phones and sneakers.

I feel like consumer-mainia is on the rise.
People want what is not obtainable because it's not obtainable.
Hamilton tickets, Pappy Van Winkle, the Birkin bag, reservations at the hottest restaurant in your city, etc.

I expect Jaeger, Vacheron, and other premium brands without hype will suffer badly in the next recession. I expect Rolex, PP, and AP will never see low demand. There's an army of celebrities telling us to buy them and an army of media outlets telling us how cool they are.
bay-dweller is offline   Reply With Quote
Old 14 September 2019, 04:03 PM   #68
Nairn1980
"TRF" Member
 
Join Date: Jan 2010
Location: UK
Watch: GMT
Posts: 8,254
Quote:
Originally Posted by ArtNouveau View Post
You saw a SS BLRO in the case six months before it was announced? Great stock!
Exactly....didn’t happen (maybe WG)
Nairn1980 is offline   Reply With Quote
Old 14 September 2019, 04:36 PM   #69
Macnavara
"TRF" Member
 
Macnavara's Avatar
 
Join Date: Nov 2012
Location: United Kingdom
Posts: 2,345
Quote:
Originally Posted by Frank McKay View Post
I’m curious. Do you guys see this as a temporary thing? Or gone for good are the days of walking into an AD and seeing multiple SS BLRO, Subs, Daytona’s sitting in the display windows readily available for sale.
I walked into shop in 2000 and had a choice of gmts from the window....walked out with a blro.
Ive been in and out of the trade for 30 years and never saw a ss daytona full stop.
__________________
Exp2 | Exp1 | BLNR | SD43 | DSSD | 16710 | Ak | 116505 | 116610 | 16610 | 16700 | Yacht-Master | 116710 LN | 126710 BLRO mk1 & mk2 | 116500LN | 126610LN |
Macnavara is offline   Reply With Quote
Old 15 September 2019, 12:54 PM   #70
grimps
"TRF" Member
 
Join Date: Aug 2015
Location: England
Posts: 1,419
Quote:
Originally Posted by Tavli3 View Post
To all those that were buying Rolex back in 2008-9 what happened during the Great Recession?? Was there more supply? That will be our guide going forward. There will be another down turn at some point.

My guess is yes they will be available in the case at some point. Can't have empty cases forever! But to what extent and which models they become available is anyone's guess.
I went to my local AD in 2009 to buy a GMT , I had no previous history with them , they never had the GMT in stock that day but he told me they had a Daytona out the back i could look at if I'd like to see it and he asked me which colour dial id like . they had both the black and white dial in stock.
That was my first ever Rolex .
I also Saw a black dial Daytona in Amsterdam airport around 2010 but as I owned one already I never picked it up.

In 2014 I bough the Hulk in Dubai airport , the sales lady boxed it up for me then pulled another one out and put it back on display.
I also got a 500 pound discount when I bought the Batman again from my local dealer .

Up until around 4-5 years ago anything was available , I'm pleased I built up a good relationship with my local dealer around that time when nobody was buying for investment purposes , Now i get pretty much anything I want and have had 1st options on new releases over the last 2 years
grimps is offline   Reply With Quote
Old 15 September 2019, 01:02 PM   #71
vicsdca
Banned
 
Join Date: Feb 2019
Location: USofA
Posts: 582
Yes, if mechanical watches fall out of mainstream fashion like it happened for many accessories before, like hats and gloves for example. Quartz watches did not kill mechanical watches, but smart watches might. I think there will soon be very little reasons to put up with a mechanical watch.
vicsdca is offline   Reply With Quote
Old 15 September 2019, 06:06 PM   #72
In-Cog-Neeto
"TRF" Member
 
Join Date: Nov 2018
Location: Around
Posts: 1,124
Quote:
Originally Posted by vicsdca View Post
Yes, if mechanical watches fall out of mainstream fashion like it happened for many accessories before, like hats and gloves for example. Quartz watches did not kill mechanical watches, but smart watches might. I think there will soon be very little reasons to put up with a mechanical watch.
There is no reason today to just ‘put up with a mechanical watch’ other than the simple fact you enjoy them

Which I think is why we are all still here
__________________
That's what watches are for; not just for recording the time; but our own travel through that time. - Explorer Steve
In-Cog-Neeto is offline   Reply With Quote
Old 15 September 2019, 06:09 PM   #73
Wrist King
"TRF" Member
 
Join Date: Jan 2019
Location: Hong Kong
Watch: 16610 Sub, 16710 P
Posts: 333
There will be an almighty crash as there always is. Grey dealers holding many examples of still in production watches that they paid RRP for will be unable to sell them at 2x list price, and will begin to undercut each other. This will feed a vicious cycle and soon enough they will be begging us to take them off them.

Patience grasshopper.

Sent from my SM-G9730 using Tapatalk
Wrist King is offline   Reply With Quote
Old 15 September 2019, 06:15 PM   #74
Boaters
2024 Pledge Member
 
Join Date: May 2015
Real Name: Mike
Location: Pacific Northwest
Watch: 116610LV 16710 SD
Posts: 10,649
Time will tell hopefully..
Boaters is offline   Reply With Quote
Old 15 September 2019, 11:25 PM   #75
10klakes
"TRF" Member
 
10klakes's Avatar
 
Join Date: Nov 2017
Location: USA
Watch: Collector
Posts: 1,482
Quote:
Originally Posted by vicsdca View Post
Yes, if mechanical watches fall out of mainstream fashion like it happened for many accessories before, like hats and gloves for example. Quartz watches did not kill mechanical watches, but smart watches might. I think there will soon be very little reasons to put up with a mechanical watch.


I had a discussion with a 20 year old recently about watches, luxury brands to be specific. What he told me is that many of his friends are very interested and some wear AP, PP, and Rolex- among others. None of them are into the watch making, history, or even using them to tell time. It’s jewelry and status.

The human desire to wear things to gain attention or display wealth/status isn’t going anywhere.

The up and comers are more aware of the brands and have more interest than my generation (I’m 39). so I think this new wave is going to carry over for many years to come.
10klakes is offline   Reply With Quote
Old 16 September 2019, 12:13 AM   #76
Old Geezer
"TRF" Member
 
Old Geezer's Avatar
 
Join Date: May 2015
Location: Earth
Watch: 126619LB and more
Posts: 5,207
Quote:
Originally Posted by In-Cog-Neeto View Post
There is no reason today to just ‘put up with a mechanical watch’ other than the simple fact you enjoy them

Which I think is why we are all still here
This.
Old Geezer is offline   Reply With Quote
Old 16 September 2019, 01:19 AM   #77
wilzi
"TRF" Member
 
Join Date: Aug 2019
Location: HK
Posts: 5
I don't think I have seen a sub before, probably even less likely to see one in the future given the trend

_____
IG: watchradar_official
wilzi is offline   Reply With Quote
Old 16 September 2019, 01:44 AM   #78
tyler1980
"TRF" Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: Houston
Posts: 17,622
Quote:
Originally Posted by Frank McKay View Post
I’m curious. Do you guys see this as a temporary thing? Or gone for good are the days of walking into an AD and seeing multiple SS BLRO, Subs, Daytona’s sitting in the display windows readily available for sale.
even if they were available, its probably smart to act like they are not.


If you ask about a sub, and they pull it out from the back you are far more likely to buy it vs seeing it sitting in a case as you will assume it will be there next week and the week after. Display case reduces urgency
__________________
Instagram: tyler.watches
current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)
tyler1980 is offline   Reply With Quote
Old 16 September 2019, 01:45 AM   #79
007_Omega
"TRF" Member
 
007_Omega's Avatar
 
Join Date: Jul 2017
Location: Galaxy
Watch: Explorer
Posts: 897
Quote:
Originally Posted by 10klakes View Post
I had a discussion with a 20 year old recently about watches, luxury brands to be specific. What he told me is that many of his friends are very interested and some wear AP, PP, and Rolex- among others. None of them are into the watch making, history, or even using them to tell time. It’s jewelry and status.

The human desire to wear things to gain attention or display wealth/status isn’t going anywhere.

The up and comers are more aware of the brands and have more interest than my generation (I’m 39). so I think this new wave is going to carry over for many years to come.


This. The majority of the mechanical watch making world will die in my lifetime but companies like Rolex will survive as a symbol of status, luxury, artistry, and jewelry.

Trying to convince a kid that your $10k watch is a tool isn’t going to go too well.


Sent from my iPhone using Tapatalk
007_Omega is offline   Reply With Quote
Old 16 September 2019, 02:01 AM   #80
TswaneNguni
"TRF" Member
 
TswaneNguni's Avatar
 
Join Date: Feb 2008
Real Name: Chris
Location: .
Watch: Daytonas/Subs/GMTs
Posts: 12,608
In 20 years of collecting I have not seen many ss sports in AD display cases .Period.
TswaneNguni is offline   Reply With Quote
Old 16 September 2019, 02:21 AM   #81
APPRF
"TRF" Member
 
Join Date: May 2019
Location: Here
Posts: 1,417
A mechanical watch is not just for telling time. I'ts jewelry and like jewelry there are sought after brands that will always be in fashion. Rolex will always be a brand people aspire to buy, wear, collect, and some invest in, and keep in a bank safe. In a recession some sought after models may be less desirable, but there will be several models that will keep their status. A recession will not stop wealthy people from buying luxury stuff, and Rolex can always restrict supply further.
APPRF is offline   Reply With Quote
Old 16 September 2019, 02:30 AM   #82
teck21
"TRF" Member
 
teck21's Avatar
 
Join Date: Nov 2018
Real Name: Teck
Location: South East Asia
Watch: Tudor Black Bay 58
Posts: 1,846
Quote:
Originally Posted by APPRF View Post
A recession will not stop wealthy people from buying luxury stuff, and Rolex can always restrict supply further.

While I agree with the rest of your points, why do so many of you persist in spreading the myth that Rolex can increase or decrease supply as easily and effectively without real cost the way we increase or decrease the flow of our taps?


Sent from my iPhone using Tapatalk
teck21 is offline   Reply With Quote
Old 16 September 2019, 02:32 AM   #83
tyler1980
"TRF" Member
 
tyler1980's Avatar
 
Join Date: Apr 2015
Location: Houston
Posts: 17,622
Quote:
Originally Posted by teck21 View Post
While I agree with the rest of your points, why do so many of you persist in spreading the myth that Rolex can increase or decrease supply as easily and effectively without real cost the way we increase or decrease the flow of our taps?


Sent from my iPhone using Tapatalk
exactly i think production is pretty fixed. Plus they wholesale watches. In a recession they get paid immediately just like before, and its the AD holding the stock that is moving more slowly. Rolex keeps their margins and keeps dumping watches on AD's and their margin will be the one that suffers. For that reason i think they are less dependent on the economy then you might think as far as production numbers since they are not selling to end consumers. The AD is the one who has to weather the storm if they want to stay an AD when the economy recovers... not Rolex.
__________________
Instagram: tyler.watches
current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)
tyler1980 is offline   Reply With Quote
Old 16 September 2019, 02:39 AM   #84
teck21
"TRF" Member
 
teck21's Avatar
 
Join Date: Nov 2018
Real Name: Teck
Location: South East Asia
Watch: Tudor Black Bay 58
Posts: 1,846
Quote:
Originally Posted by APPRF View Post
A recession will not stop wealthy people from buying luxury stuff.

And again I challenge you to name me a single brand that is immune to an economic downturn.

Rolex caters to a far greater audience than that
which can continue spending in any way it likes regardless of economic conditions. I

The number of families / concentrated wealth that can afford to spend like money is absolutely no object regardless of anything that’s happening in the world is smaller than you think.

Certainly not enough to absorb the number of watches Rolex produces each year.

How many Daytona’s do you think these multi billionaires want?




Sent from my iPhone using Tapatalk
teck21 is offline   Reply With Quote
Old 16 September 2019, 03:06 AM   #85
APPRF
"TRF" Member
 
Join Date: May 2019
Location: Here
Posts: 1,417
Quote:
Originally Posted by teck21 View Post
While I agree with the rest of your points, why do so many of you persist in spreading the myth that Rolex can increase or decrease supply as easily and effectively without real cost the way we increase or decrease the flow of our taps?


Sent from my iPhone using Tapatalk
There will be cost of course, but Rolex is more concerned in maintaining the brand image and status. Don't forget Rolex is a charity not a conventional company that has increasing profit as only objective, and the board don't have shareholders breathing down their neck.
APPRF is offline   Reply With Quote
Old 16 September 2019, 03:13 AM   #86
Clasper
"TRF" Member
 
Join Date: Nov 2012
Location: England
Posts: 272
I think they are definitely gone.

At one time I would have argued they should have dummy models in their display cases, but in reality what's the point? they don't need them to drive sales of those particular models and you can't get them anyway except on the tail end of a long list
Clasper is offline   Reply With Quote
Old 16 September 2019, 03:13 AM   #87
APPRF
"TRF" Member
 
Join Date: May 2019
Location: Here
Posts: 1,417
Quote:
Originally Posted by teck21 View Post
And again I challenge you to name me a single brand that is immune to an economic downturn.

Rolex caters to a far greater audience than that
which can continue spending in any way it likes regardless of economic conditions. I

The number of families / concentrated wealth that can afford to spend like money is absolutely no object regardless of anything that’s happening in the world is smaller than you think.

Certainly not enough to absorb the number of watches Rolex produces each year.

How many Daytona’s do you think these multi billionaires want?






Sent from my iPhone using Tapatalk
Some models will always be sought after, and not only billionaires buy Rolex. Every person who can spare $7000 or more can buy a Rolex even in a recession. We have proof in previous recessions that people still buy PPs, Rolex, Mercedes, Porsches, etc. For sure they will not buy at silly prices from flippers like now, but they will still buy luxury goods from ADs. After recessions prices climb up again and people start going crazy and buy again. It's a cycle. Instagram and youtube has made a lot of people aware of brands more than before too.
APPRF is offline   Reply With Quote
Old 16 September 2019, 03:16 AM   #88
replicator
"TRF" Member
 
Join Date: Sep 2012
Location: Canada
Watch: Rolex/AP
Posts: 341
Quote:
Originally Posted by APPRF View Post
There will be cost of course, but Rolex is more concerned in maintaining the brand image and status. Don't forget Rolex is a charity not a conventional company that has increasing profit as only objective, and the board don't have shareholders breathing down their neck.


This is the reason why Rolex is playing on a different level. No earnings numbers to meet, no shareholders who need to cash out. Clearly their goal isn’t to expand the Rolex brand to the masses, but instead maintain and enhance their prestige/legacy while creating the most durable and accurate mechanical watch. They won’t ever flood the market or make drastic changes to their model line up, so collectors gave continuity and a stable market.
replicator is offline   Reply With Quote
Old 16 September 2019, 08:05 AM   #89
lamnyc
"TRF" Member
 
Join Date: Dec 2008
Location: nyc
Posts: 1,751
Only if you have access to your AD's safe. Otherwise, you won't be seeing them at the front counter.
lamnyc is offline   Reply With Quote
Old 16 September 2019, 09:00 AM   #90
Flyfisher
"TRF" Member
 
Flyfisher's Avatar
 
Join Date: Dec 2007
Location: Mid Atlantic
Posts: 237
Forever is a long time.

The younger generation generally are moving away from watches.

Demand will lessen.
Flyfisher is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Coronet

Takuya Watches

Bobs Watches

Asset Appeal

My Watch LLC

OCWatches

DavidSW Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.