ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
31 March 2020, 12:03 AM | #691 | |
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31 March 2020, 12:15 AM | #692 |
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Real Name: Rudy
Location: Tokyo (US Expat)
Watch: Deepsea D-Blue
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Another expat reporting in from Japan. Grey prices are on a downward trajectory here. I sold my well worn 116710LN GMT to Jackroad March of last year and got about $10,000 USD. As of today, Jackroad is offering 724,000 JPY for the same watch, or $6,800 USD.
With the travel restrictions in place and the Tokyo Olympics delayed, I don't see the situation improve for grey dealers in the near future. |
31 March 2020, 12:39 AM | #693 |
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Thanks for the uodate Hellrot.
Thats huge difference. I'm guessing GM dealers in Japan were stocking up for the upcoming games. Now that the event is postponed for a year, i doubt them buying anymore for a while. |
31 March 2020, 01:00 AM | #694 |
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Reporting from HK:
Rolex ADs are pretty much open and operating normally but same song about ss models. Greys are trying to dump the high value pieces and great deals to be done on precious metals with prices falling off the cliff. Ss models are still “hot” with BLRO keeping value at grey. BLNR jubilee which was going at grey back in mid feb at 13K$ is now 11.5K$ Predicting this will keep falling through April. Sent from my iPhone using Tapatalk |
31 March 2020, 01:37 AM | #695 | |
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Real Name: Matt
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31 March 2020, 02:07 AM | #696 | |
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Most of the press here, especially the right wingnut horror shows like the Daily Mail are truly pathetic. As an aside, our Prime Minister Dominic Cummings, has contracted the virus. Not surprising given he lives in Boris's rear end. This will probably hit the UK economy for 10 years plus. What a time to be in power. |
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31 March 2020, 05:40 AM | #697 | |
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I can imagine the conversation between them, and Cummings selling the idea that here was a great opportunity to cull the old and infirm so as to reduce the amount of people sucking from the teat of the welfare state. You know you're on a dark path when totalitarian states like China of all places are calling your strategy as inhumane! It's probably only when the figures started coming though and the body bags were pilling up did they do an about turn for fear of a public revolt forcing them to resign! Already the politicians are lining up the straw men and scapegoats. I'm hoping and can envisage after this pandemic is over that there will be a seismic shift in how governments view the welfare state, especially the NHS and healthcare providers. Rather then pump billions into funding military defence to wage wars against meek opposition, all in the name of power and influence, that money can now be spent on the real heroes fighting a war against an enemy that does not discriminate and cannot be bargained with like in most military wars. After all, this virus doesn't care about your politics, race, religion or wealth. An enemy that most structures of power have no experience of dealing with. |
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31 March 2020, 05:50 AM | #698 | |
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The stuff about the US and Chinese governments, propaganda and dictatorships is irrelevant |
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31 March 2020, 09:30 AM | #699 |
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I am. Just bought a white gold Pepsi with Meterorite dial here in Dubai.
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31 March 2020, 10:15 AM | #700 |
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I would not pass up a steel daytona or pepsi at retail. Little to no downside and major upside when all the dust settles
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31 March 2020, 10:25 AM | #701 |
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In this craziness - wake me up when Batman or Pepsi 80% of retail and you’ve got my attention - otherwise 28k into basically any market and you can get a handful of them in 4 years versus 2 now
These are all nice to have purchases noting haves |
31 March 2020, 08:00 PM | #702 |
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Good morning all
I intervene to explain that the situation in France is a little different. to start the health system and totally different, to make it simple everyone can treat with or without money (this is one of the reasons why we are the most taxed country in the world ...) and the staff of health is totally dedicated. even with that today we are faced with not having enough room for everyone. Gray market prices here are not moving yet for two reasons I think 1) it has just started it must be allowed time, the French think that it is always stronger, it must be in the ropes to admit that it is affected. for the moment most of the businesses live on current outstandings we have to wait for invoices for next month ... 2) the government here has set up an indemnity for the heads of companies for all the time that the confinement will last and supports up to 80% the wages of all the employees who can no longer work. The survival of gray market resellers in France is therefore for the moment somewhat protected except, for those who need a lot of working capital. Most gray dealers are not wealthy people. we have to wait but if the containment lasts, prices will fall within a month or two first in Spain, Portugal, Italy and the US, then dpi which live thanks to the infusion of the State as in France, will have to follow the price drop if they want to sell. In France people save a lot of money on their account, it's a different culture, the premium purchase for most people will no longer be watches I think with a few exceptions. This is only a personal opinion Thanks for reading me |
31 March 2020, 08:55 PM | #703 | |
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The communist party in China has absolutely no issues closing the wet markets bar corruption in itself. The exotic animals, from what I understand, are a status symbol for the upper middle class, and in some regions an employer to the lower middle class. But may no mistake, the Party that brutally and effectively enforced one child policy for decades, would have zero issues closing the markets. The markets now are a propaganda tool, if they are reopen, it is a proof that the virus was not coming from them in the eyes of the party. But when you put a glance of all the cultural changes that happened in China in the last 70 years, banning the trade of wild animals will be the least difficult. |
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31 March 2020, 09:09 PM | #704 | |
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Perhaps it could be a slow process, but it will not happen overnight. |
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31 March 2020, 10:29 PM | #705 |
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Congrats, that's truly an EPIC timepiece!
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
31 March 2020, 10:33 PM | #706 |
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I’m an anesthesiologist. I have been hearing from colleagues in NYC how terrible being on the frontlines of the Coronavirus pandemic is. The same thing is probably going to happen in most major metropolitan areas. I’m more concerned about being able to work and survive this. I’m not buying any Rolex watches right now. I already have enough to bury with me
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31 March 2020, 10:37 PM | #707 | |
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Strange flex....: Sent from my iPhone using Tapatalk |
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31 March 2020, 10:44 PM | #708 |
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31 March 2020, 11:16 PM | #709 |
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Bottom line is, whether you want to accept it or not, the world economy is going to tank. And as a result, the watch market in general (not just Rolex) will follow. Absolutely none of this should surprise anyone unless you're living under a rock and you should be prepared for that. If it doesn't tank, worst case, you've accumulated a small war chest that you can use to buy a Rolex. :)
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31 March 2020, 11:30 PM | #710 |
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What happened to Rolex watches are good investments ?
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31 March 2020, 11:49 PM | #711 |
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So I have read many of these posts/threads and I have come to a conclusion that is probably apparent to most but escapes a few. Everything else discussed becomes noise.
Buying an expensive watch right now is a bad idea for two reasons. 1) Even if you have the money, it may be cheaper in the coming months. The old cliche, "A fool and his money..." --or-- 2) Without knowing what the future holds after the pandemic, cash is better than a watch. I get it though, people still buying figure they are financially secure and could care less if savings are around the corner or simply FOMO is kicking in early. I still hold on to the belief that as a watch buyer, waiting doesn't hurt you. Personally, I have savings and I have a watch fund. I consider both savings now and only to be touched in case of an emergency. Once this plays out, game on. My .00002 |
31 March 2020, 11:57 PM | #712 | |
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But if the CCP permanently bans this industry, it is an admission of guilt. This is the reason why it is not going to happen. |
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31 March 2020, 11:57 PM | #713 | |
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People, “The future possibly doesn’t look that good and I think the economy might crash so I don’t think I will spend any money and see what happens“ Then the economy crashes All we need is a simple majority of people to think that way and the economy crashing is a guaranteed thing. I’m not really picking on you here because your thought process is only human nature but in the end we are going to do it to ourselves.
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1 April 2020, 12:00 AM | #714 | |
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1 April 2020, 12:00 AM | #715 |
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1 April 2020, 12:01 AM | #716 | |
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Just because you can do something doesn’t mean it is expedient to do so. Wet markets are a case in point. |
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1 April 2020, 12:19 AM | #717 | |
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So I assume you would still have your bathroom remodeled? Perhaps buy a new television? Upgrade your laundry machine? How about some landscaping? All these things can be expensive. And all these things create income for people. When everyone pulls back just a little that’s exactly how an economy crashes.
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Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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1 April 2020, 12:28 AM | #718 | |
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I have two employees that need to pay their mortgage, car payments, groceries, etc. Their continued income is more important to me than a new watch. |
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1 April 2020, 12:48 AM | #719 | |
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Rolex │ H. Moser │ F.P. Journe │ Audemars Piquet │ Patek Philippe _______________________________ "I'm not playing hard to get, I'm playing hard to want." |
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1 April 2020, 12:55 AM | #720 |
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now is probably the best time to buy
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