ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
12 January 2023, 08:04 PM | #1 |
Banned
Join Date: Aug 2018
Location: Tokyo
Watch: SD43,PAM1616,Hulk
Posts: 3,567
|
Rolex grey market prices stabilized and starting to climb, time to buy!
According to me:
due to the fact that China is reopening, demand for rolex sport models is coming back. time to buy if you really need one! |
12 January 2023, 08:10 PM | #2 | |
"TRF" Member
Join Date: Mar 2022
Location: Vietnam
Posts: 149
|
Quote:
When they reopen, they need money to do business not buying watch, they buying many Sprort Luxury watch back then IN Pandemic because they NEED Hedge and Defend Asset that can retain value during hard time (which is Rolex, Patek, AP...) ==> The Pandemic really made the Rolex price UP and now China open up, they will SELL ALOT OF ROLEX Again, the Price will come down more and more quickly, let just see !!! |
|
12 January 2023, 08:13 PM | #3 |
"TRF" Member
Join Date: Jan 2017
Location: UK
Posts: 2,762
|
Not sure why demand would increase when China now has the opportunity to spend their money on many more options than they did until very recently...
__________________
Rolex - 116710BLNR : 116610LN : 116622 : 116334 : 14060M (Plus - Glashutte Original, Breitling, Omega, IWC, Tag Heuer, Doxa, Sinn, Seiko, G-Shock + micros) |
12 January 2023, 08:21 PM | #4 |
Banned
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, Exp, DJ & Pam
Posts: 1,664
|
Zero logic being applied here, surely the country opening up would mean more people spending on travel, socialising and eating out?
Besides, I am sure grey market dealers in China were selling watches over the internet while things were locked down, I think there will be less people at home, bored and browsing for watches. |
12 January 2023, 08:45 PM | #5 |
"TRF" Member
Join Date: Dec 2016
Location: Europe
Posts: 385
|
I think that nothing will happen
__________________
"You will have your chance to speak in the question period madame" A. WATTS |
12 January 2023, 08:46 PM | #6 |
"TRF" Member
Join Date: Oct 2019
Real Name: HM
Location: 🇲🇾
Posts: 2,356
|
Last year, it was due to go up in August initially because “China is opening up”, then it didn’t happen. Then, it was again due to go up and reach the moon in December because it’s Xmas and New Years. Now it’s going to go up and it’s “time to buy again” because China’s reopening!
Wow! How many times will the same crap be repeated until one day it becomes true? When that happens, grey dealers will have a fun time telling everybody - “See I told you so!” , conveniently ignoring all the previous predictions when they were wrong. |
12 January 2023, 09:16 PM | #7 | |
Banned
Join Date: Aug 2018
Location: Tokyo
Watch: SD43,PAM1616,Hulk
Posts: 3,567
|
Quote:
|
|
12 January 2023, 09:19 PM | #8 |
"TRF" Member
Join Date: Jan 2011
Location: Stockholm
Posts: 6,014
|
oh the drama!!
|
12 January 2023, 09:31 PM | #9 |
2024 Pledge Member
Join Date: Aug 2010
Real Name: H
Location: North Carolina
Watch: M99230B-0008
Posts: 5,672
|
No crystal ball here but I think the global sentiment re: recovery is very poor right now and for foreseeable future
__________________
The King of Cool. |
12 January 2023, 10:00 PM | #10 |
"TRF" Member
Join Date: Sep 2022
Location: WestIndies
Posts: 411
|
I don't really care about China opening or not... My personal feeling is that some people around me are a bit sick of those games with Rolex, although they might be true fan of the brand. They want back a true luxury purchase experience... You know what I mean? When you appreciate a good smile and welcome from a SA, when you're offered a glass of "something", even a fresh beer, when you can try something on your wrist... And finally you achieve it! I think Zenith and other brands might be a sweet spot this year.
|
12 January 2023, 10:11 PM | #11 | |
Banned
Join Date: Aug 2018
Location: Tokyo
Watch: SD43,PAM1616,Hulk
Posts: 3,567
|
Quote:
|
|
12 January 2023, 10:30 PM | #12 | |
"TRF" Member
Join Date: Sep 2022
Location: WestIndies
Posts: 411
|
Quote:
Grey sellers are very careful on what they buy and don't want anymore inventory to stay more than one week, I talk with a couple in Europe. China has nothing to do with that. Your enthusiasm is what it is, but lots of people start being done with those games and may finally turn to other brands. By the way, think about those who bough at the peak, no real watch market long term experience or education, thinking about good investment and all those BS. Don't you think they might be a "bit" disappointed right now? Total disillusion. At last, about luxury experience, allow me to correct you, it has long gone only in brands you mention above. Luxury experience is still there in many boutiques, even some Rolex ADs . You should definitely reconsider where you buy stuffs |
|
12 January 2023, 10:56 PM | #13 |
"TRF" Member
Join Date: Jan 2022
Location: Asia
Posts: 439
|
It is possible people from China is buying some watches as the Chinese New Year approaches. A temporary bump I guess. Grey dealers are raising prices at the slightest movement in the market.. so beware that the asking prices you saw are very inflated.
|
12 January 2023, 11:24 PM | #14 |
"TRF" Member
Join Date: Dec 2017
Location: In denial
Watch: It's complicated
Posts: 1,610
|
LOL sure
|
12 January 2023, 11:27 PM | #15 |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,895
|
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
12 January 2023, 11:39 PM | #16 |
2024 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 73,678
|
IMHO, demand will start coming back when the overall economy improves and when the crypto millionaires start making money again
|
12 January 2023, 11:45 PM | #17 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,603
|
Rambo hate to break it to you brother…you are severely misinformed or uneducated on the demand drivers of the secondary watch market and current outlook.
You should put your money where your mouth is and scoop all the pieces you want now! LOL
__________________
AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
13 January 2023, 12:02 AM | #18 |
"TRF" Member
Join Date: Oct 2022
Location: London
Posts: 101
|
|
14 January 2023, 08:12 AM | #19 |
"TRF" Member
Join Date: Nov 2019
Real Name: Vic
Location: Spain
Watch: SD43
Posts: 5,907
|
Still early days to talk about price stabilisation. I see room for more correction due to economic outlook. Prices will come back up eventually but not in the short term, I don't think. As for China, I don't know if they'll be buying more than selling Rolex watches this year but I suspect it will be the latter. Until we start seeing strong economic data, I don't see a reason to support a price recovery.
|
14 January 2023, 08:27 AM | #20 |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 546
|
|
14 January 2023, 09:45 AM | #21 |
"TRF" Member
Join Date: Dec 2017
Location: In denial
Watch: It's complicated
Posts: 1,610
|
How's the market looking at Jack Road and Kame Kichi, Sensei? Better hop over there before those tourists arrive.
|
14 January 2023, 12:54 PM | #22 | |
"TRF" Member
Join Date: Sep 2020
Location: USA
Posts: 445
|
Quote:
|
|
14 January 2023, 02:07 PM | #23 |
"TRF" Member
Join Date: Apr 2019
Location: Australia
Posts: 205
|
Sick thanks for the info brah! Load up boys. Grab a few dozen PS5s too, they're going back to the moon. I heard it on rolexforums. That's why I love this forum - I can read about the watches I love AND get all my investment advice in one place!bb
|
16 January 2023, 05:52 AM | #24 |
2024 Pledge Member
Join Date: Dec 2022
Location: Montgomery
Posts: 77
|
With the apparent/reported quality of the knockoffs they can pump out (be they counterfeit/replica/clone/tribute/whatever), that might be where the market is.
|
16 January 2023, 06:08 AM | #25 |
Banned
Join Date: Aug 2018
Location: Tokyo
Watch: SD43,PAM1616,Hulk
Posts: 3,567
|
|
16 January 2023, 06:18 AM | #26 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,062
|
We hit rock bottom last Friday around 230p ET.
Sent from my iPhone using Tapatalk |
16 January 2023, 07:41 AM | #27 |
"TRF" Member
Join Date: Sep 2021
Location: SFO
Posts: 1,029
|
|
16 January 2023, 09:39 AM | #28 | |
"TRF" Member
Join Date: May 2018
Location: The Alps
Posts: 546
|
Quote:
So, you did not answer my question: are you buying or just telling others to? |
|
16 January 2023, 11:18 AM | #29 |
Banned
Join Date: Jun 2022
Location: LA
Watch: Meteorite
Posts: 615
|
LOL.
Prices have a long way to drop ! |
16 January 2023, 12:20 PM | #30 |
"TRF" Member
Join Date: Sep 2020
Location: USA
Posts: 445
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.