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20 August 2019, 06:04 PM | #121 | |
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He is entertaining for sure. In terms of 5980 gold, remember he is based in Miami and gold is big, always has been |
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20 August 2019, 07:55 PM | #122 |
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20 August 2019, 08:05 PM | #123 |
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20 August 2019, 08:26 PM | #124 |
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Eric knows the watch market pretty good, but no one can tell the future.
Have some pieces dropped recently on the secondary market? Yes, just look at the 12 BLNR. Yet, it’s still strongly over retail. At the same time the BLRO seems to be inching up. Sent from my iPhone using Tapatalk |
20 August 2019, 09:04 PM | #125 |
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I hope the prices drop some so I can buy some watches
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20 August 2019, 11:28 PM | #126 |
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He's citing the 5980/1R as probably the high-water mark in this run-up. MSRP at $90k reselling for ~$200k. That's impressive in both % increase and magnitude of actual cost. I agree it shouldn't be a "barometer" for the broader watch market (5711/1a, SS DaytonaC and SS Sub/GMT should be) but it's an extreme example of the market going nuts.
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20 August 2019, 11:30 PM | #127 | |
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I don't care about price relative to market top, I care about price relative to retail. I only buy at retail so that's my only concern. |
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21 August 2019, 01:43 AM | #128 | |
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Two tone subs have always been under retail. They appear to have gone up a bit from what the grey's have them listed for but still under retail and probably still the best bang for your buck if you want a Rolex. |
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21 August 2019, 02:01 AM | #129 |
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That would be great
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21 August 2019, 02:36 AM | #130 |
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The economy is about to turn. Inverted yields in the US, confrontation US-China, Germany and UK on the verge of a recession, Hong Kong watch sales plummeting, hard Brexit looming with a potential negative effect on the UK and the entire Euro zone, car sales down and property prices jittery in some EU countries. Stock market outlook bearish. I see downward pressure on demand.
As for supply, Rolex has just bought another factory, from Patek Philippe (this month). Looks like they're planning on ramping up production. I'll let you guess the net effect on future grey prices. |
21 August 2019, 02:52 AM | #131 | |
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They have been checking with AD’s for lists of interest, I don’t think you will see sports models in windows but you might not wait as long as lately Sent from my iPhone using Tapatalk
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21 August 2019, 02:55 AM | #132 |
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Just wondering how many of those saying "looming recession" have liquidated their equity holdings entirely......
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21 August 2019, 03:10 AM | #133 |
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I prefer Roman's insight. A bit more comprehensive |
21 August 2019, 03:26 AM | #134 |
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21 August 2019, 03:51 AM | #135 |
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Prices are NOT dropping on the hot models.Its just wishful thinking by individuals who cannot afford those watches,so stop belly aching.
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21 August 2019, 04:34 AM | #136 |
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This one has... mostly diversified cash with some gold. Dipping my toe on a short position. Happy to watch on the sidelines for 6 months. I think it’s a coin flip at this point.
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21 August 2019, 06:06 AM | #137 |
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A bit harsh, but true. Stainless Daytonas will always be in demand in any economy. The GMT's might lower a bit, but still do not see the BLRO or BLNR at MSRP any time soon. Still plenty of people with cash to spend.
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21 August 2019, 06:10 AM | #138 |
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Load down with 116520 and you won’t get hurt....
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21 August 2019, 06:18 AM | #139 |
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21 August 2019, 06:33 AM | #140 |
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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. |
21 August 2019, 06:47 AM | #141 |
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21 August 2019, 07:33 AM | #142 |
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I actually quite enjoy these threads. Couldn’t care less about “safe to wear” or not threads, but listening to everyone’s view on the forthcoming market is more strings to my bow.
Personally I see trouble ahead. I travel a lot and it’s obvious prices in the US are or have peaked. Apart from Mexico, the US has the most expensive watches I’ve seen. Prices in the Uk are slowly showing signs of softening IMO. With the impending lack of confidence in the markets that’s starting to take hold, the only way I see these prices going at Greys is down. Some people who bought for investment purposes (which is crazy), are going to take a bath, others won’t. One year from now it’ll be a different landscape altogether. |
21 August 2019, 07:44 AM | #143 | |
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Quote:
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21 August 2019, 08:33 AM | #144 |
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There will be three models that will rise in price and it will always be difficult to buy at the price of AD. Pepsi BLRO, Daytona white and Daytona black.
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21 August 2019, 08:50 AM | #145 |
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21 August 2019, 08:52 AM | #146 |
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blue skyd as well but i don't see daytonas going for like 25k+ if a recession hits. the premium will still be there but not to this extreme
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21 August 2019, 10:00 AM | #147 |
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Why? 116520 was extremely hard to get for 6-8 years. In 2015 I tried on the reference in both colors at 2 different ADs before picking up a black dial from my AD who ordered it and delivery came within a week, plus a discount. I’m not saying prices are going in either direction, but from experience ‘always’ is a long time for things not to change for better or worse.
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21 August 2019, 10:23 AM | #148 | |
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https://m.youtube.com/watch?v=lCcwn6bGUtU |
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21 August 2019, 10:56 AM | #149 | |
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Not a single person cares about watches when life factors are at play. Chinese/asians forums are so funny. Guys who were in the past saying BLNRs going to $30k or LVs going to $20k now selling their stock at reduced prices. Daily bumps with price reductions - that is a perfect sign of how market sentiment has changed. |
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21 August 2019, 11:02 AM | #150 |
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Still not indicated in boro FS offers.
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