Grey Market Prices Coming Down (daily tracker)

[Closs1909]

This is awesome, very interested to see how this plays out. Thanks for sharing!

[LigerBelair]

Originally Posted by jestevez

Wanted to share this interesting table below. I have been tracking online prices daily for the past week for some of the toughest to get pieces .

The prices highlighted in green show days that the price for a certain watch came down. You can definitely see a trend going down although a one week time frame is too short to see if it will persist and/or if price reductions will start to be more substantial.

Attachment 1123688

Very much appreciate your post. Hope you revise as time goes forward. Thanks!

[TankTom]

Why has the OP done this? Baffling.

[worldfamoussam]

Originally Posted by Rado63

Only issue with this data is that you are tracking the lowest priced watch that meets your conditions, new, located in US, box papers. Using 126710 BLRO as an example, On C24 today the lowest price for a 126710BLRO is $15725 while the highest price is $22265. The median price would be a better tracking statistic rather than the lowest price. Also on C24 today only 88 watches are listed as 126710 BLRO for sale in the US. Since Switzerland has shut down production, these 88 watches are the inventory for today. So keep track of the number in inventory, and the median selling price. If inventory declines what will happen to price? If more sellers enter the market and inventory rises due to cash flow issues, then what will happen to price? Or does inventory remain constant and prices just drop? All three are different reactions to market conditions.

Nerd.

You're right, though. Median would be a lot more meaningful.

[worldfamoussam]

Originally Posted by TankTom

Why has the OP done this? Baffling.

Because there are 22,003 threads about whether or not prices are dropping, how the virus is influencing the market, and whether the sky is falling or not.

[LigerBelair]

Originally Posted by Rado63

Only issue with this data is that you are tracking the lowest priced watch that meets your conditions, new, located in US, box papers. Using 126710 BLRO as an example, On C24 today the lowest price for a 126710BLRO is $15725 while the highest price is $22265. The median price would be a better tracking statistic rather than the lowest price. Also on C24 today only 88 watches are listed as 126710 BLRO for sale in the US. Since Switzerland has shut down production, these 88 watches are the inventory for today. So keep track of the number in inventory, and the median selling price. If inventory declines what will happen to price? If more sellers enter the market and inventory rises due to cash flow issues, then what will happen to price? Or does inventory remain constant and prices just drop? All three are different reactions to market conditions.

Talk about looking a gift horse in the mouth.

[TankTom]

Originally Posted by jestevez

Wanted to share this interesting table below. I have been tracking online prices daily for the past week for some of the toughest to get pieces .

The prices highlighted in green show days that the price for a certain watch came down. You can definitely see a trend going down although a one week time frame is too short to see if it will persist and/or if price reductions will start to be more substantial.

Attachment 1123688

Skydweller dropped by £40 - bet there’s a few on here waiting to jump all over that!

[TankTom]

Originally Posted by worldfamoussam

Because there are 22,003 threads about whether or not prices are dropping, how the virus is influencing the market, and whether the sky is falling or not.

I must be one of the few who really don’t care whether a watch has dropped by 0.1% since covid 19

[DoDe]

Will follow this. Thanks OP!

[arcampado]

Should be interesting to see how prices trend over the next few months. For those who don’t know about watchcharts, I find it useful to get a feel for what secondary market selling prices are (website URL below).

https://watchcharts.com/watches/brand/rolex

[LigerBelair]

Originally Posted by TankTom

I must be one of the few who really don’t care whether a watch has dropped by 0.1% since covid 19

That plus you want to complain about others following the prices on a thread that by your own admission does not concern you in the least.

[brandog]

From a cursory second-hand market glance it appears all the heavy hitter rolex models are still where they've always been.

Daytonas $21,000 - $27,000

Hulks $13,000 - $16,000

Batmans $13,000 - $15,000

etc..

I dont think the Virus has done much to the market, only because it has been so broad in price ranges for awhile now. You can find good deals or bad deals and theres huge price gaps so its hard to notice any movement.
Also from a logical standpoint any market demand decrease should get counterbalanced by the fact that Rolex has stopped production on all watches thus cutting off supply and balancing demand.
Lastly there was just a price hike across the board in all of their watches which should be taken into account.

[VacherObsessive]

The people wishing that Rolex sports models go back to MSRP so they can finally buy their first one, would have never actually bought one if the used price matched or dropped below MSRP in the first place. They’re all daydreamers

[zoenatenich]

Subscribing to this thread. Thank you, OP.

[Wahlberg]

This one went FAST

Never seen it this low. Especially since it's a 2020 model.

[Onikage]

Originally Posted by VacherObsessive

The people wishing that Rolex sports models go back to MSRP so they can finally buy their first one, would have never actually bought one if the used price matched or dropped below MSRP in the first place. They’re all daydreamers

I'm waiting for them to go below MSRP.

[djyolky]

Originally Posted by TankTom

Why has the OP done this? Baffling.

Lol, right?

Sent from my SM-G925V using Tapatalk

[djyolky]

Originally Posted by worldfamoussam

Because there are 22,003 threads about whether or not prices are dropping, how the virus is influencing the market, and whether the sky is falling or not.

Oh great, so let's just add that another thread saying what tens of other threads are saying.

Sent from my SM-G925V using Tapatalk

[dennywags]

I was half joking. But it is good way to differentiate the oyster from the jubilee.

[djyolky]

Originally Posted by VacherObsessive

The people wishing that Rolex sports models go back to MSRP so they can finally buy their first one, would have never actually bought one if the used price matched or dropped below MSRP in the first place. They’re all daydreamers

Very true! Which is why we'll see the flood gates open.

Sent from my SM-G925V using Tapatalk

[belutak]

Originally Posted by TankTom

I must be one of the few who really don’t care whether a watch has dropped by 0.1% since covid 19

No you are not! :)
Who cares, after all, apart from wannabe investors?


Sent from my iPad using Tapatalk

[Rags2Rolex]

HULK keeping it strong! Fantastic post OP

[spacebjorn]

Wondering what the data looks like for AP and PP

[joshua.pearl3]

Brilliant post, thank you!

[JSolution]

Originally Posted by spacebjorn

Wondering what the data looks like for AP and PP

I would presume they’ll bit hit slightly harder. Never had one of either might be a time to grab one soon!

[BillA]

Great job OP.
I have found most for sale posts on Chrono24 to be overpriced to begin with so other sellers might even have Lowe prices already.
Keep the comparisons coming.

[Chadridv]

Originally Posted by blada4life

Ohhh very nice but $30 on a blue sky? $200
On a Pepsi? $200 on a hulk? It’s not even a 2% price reduction in these modes. Looks like the grey market prices are practically tanking on these models.


Sent from my iPhone using Tapatalk

wow, you're a ray of sunshine.

I don't think anyone said "tanking" and the OP said it right there, it's too short of a time to get a big picture. So... What's with the attitude?

[NYG1121]

This crisis may turn out to be even more of a money maker for greys. People desperate to sell now for financial reasons will take anything they can get securely. Greys will be grabbing these at bottom dollar and will be ready to sell whenever the market stabilizes. Could be huge for them

[mmaggi]

[SUPERDOC]

Originally Posted by NYG1121

This crisis may turn out to be even more of a money maker for greys. People desperate to sell now for financial reasons will take anything they can get securely. Greys will be grabbing these at bottom dollar and will be ready to sell whenever the market stabilizes. Could be huge for them

not sure that will fit the Grey Business model well -

These are not the days of walking into a pawn shop desperate for cash..

If the Greys are intent on keeping prices high to ride out the storm, but will pay what they see as a more corrected price - there will be too much discrepancy for any seller.

If they are selling for $15k, but offer you $8k - there are many ways to safely sell your watch - for $11 - and kill the market, and get more than what a low-balling Grey will offer -

those desperate to sell will be the ones that set the "new market price"...

once a Pepsi goes for <$11k on secondary - the party is over -