ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
12 September 2022, 10:12 AM | #1 |
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$50K Panda by Christmas?
It looks like 116500LN prices have finally bottomed out after the recent sharp declines.
Does anyone think they will get back to pushing $50K with the Holidays coming?
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12 September 2022, 10:14 AM | #2 |
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No way
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12 September 2022, 10:15 AM | #3 |
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Nop
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12 September 2022, 10:16 AM | #4 |
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that ship sailed
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12 September 2022, 10:21 AM | #5 |
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Would love to hear thoughts from the 100k by Xmas folks.....
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12 September 2022, 10:22 AM | #6 |
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The Panda is no more than a US$32k watch (double retail + some change for your trouble).
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12 September 2022, 10:23 AM | #7 |
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Definitely. I insist you take out a bank loan against your house and buy as many as you can right now. It's basically a lock. A sure thing. Never has anything been more certain.
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12 September 2022, 10:26 AM | #8 |
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Let’s see, Covid largely over, Rolex making more watches than ever before, the equity and bond markets both off significantly, what points towards Rolex prices increasing?
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12 September 2022, 10:39 AM | #9 |
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Understood, thanks everyone for the feedback.
So are sites like these not realistic as they have 116500 above $40K (at least the white dials): https://www.bobswatches.com/rolex-daytona-1.html
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12 September 2022, 10:42 AM | #10 | |
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Quote:
I think all of the over hyped watches will stay steady now through the end of the year. Maybe a slight uptick for Christmas. Other less hyped pieces will continue to slide a bit more (I.e. Explorer I &II, airking, Datejusts, etc). Then, once the glut of offloaded pieces have gone through the system (grey), I would expect Daytonas, and to a lesser extent, GMTs & Subs to slightly increase. I wouldn’t be surprised if Daytonas get back to high $30s to $40k by Fall into Christmas 2023. Sent from my iPhone using Tapatalk |
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12 September 2022, 10:43 AM | #11 | |
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Quote:
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12 September 2022, 10:45 AM | #12 |
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Nope...
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12 September 2022, 10:49 AM | #13 |
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12 September 2022, 10:55 AM | #14 |
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Ask JacksonRain.
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12 September 2022, 10:57 AM | #15 |
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I think it will be stable and might be a small uptick. With most brands doing price increases due to inflation it will cause a small uptick in the market once holiday rolls around.
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12 September 2022, 10:58 AM | #16 |
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Panda is a $5k watch at best. But the market is the market.
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12 September 2022, 11:05 AM | #17 |
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it has not bottomed out yet and I suspect the worst is yet to come. I expect further decline over a more extended period of a year to two years before bottoming it out. Let's see what happens after the November election
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12 September 2022, 11:06 AM | #18 |
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Sure why not
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12 September 2022, 11:06 AM | #19 |
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I don't think so. I think it'll be a little closer to retail by the holidays.
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12 September 2022, 11:12 AM | #20 |
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“Its happening”
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12 September 2022, 11:13 AM | #21 |
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LOL no. They still have more room to fall. A lot more.
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12 September 2022, 11:14 AM | #22 |
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The question in my mind boils down to availability. The prices seems superfluous.
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12 September 2022, 11:16 AM | #23 |
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I don't think they're falling anymore...
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12 September 2022, 11:16 AM | #24 |
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I doubt it, but maybe. I do it seee increasing over the next few months, just not to the 50k level.
$50K by Christmas 2023 is more realistic though. |
12 September 2022, 11:17 AM | #25 |
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12 September 2022, 11:19 AM | #26 |
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In this economic environment? I give up if that happens, the world has gone mad.
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12 September 2022, 11:26 AM | #27 |
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History of this forum knowing the price of the Daytona has been historically wrong with greatly underestimating just how high the Daytona can/will go. 30+ years of Rolex ownership and I greatly underestimated it initially.
This Christmas, probably not. No one knows down the road how far it will go back up and it will go up. It’s a very safe bet that if Rolex changes or does anything to the SS Daytona line, the prices will go nuclear. In the grand scheme, I don’t think it matters if the price is $40k or $50k at that point to the demographic that is buying it.
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12 September 2022, 11:37 AM | #28 |
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Opinions valued from those who correctly predicted watch prices would go up during the pandemic.
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12 September 2022, 11:47 AM | #29 |
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All depends if the fed hikes rates or decides to print more money
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12 September 2022, 11:57 AM | #30 |
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No chance
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