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13 July 2022, 03:51 AM | #31 |
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Wasn't it foreseeable, many people would attempt to sell their watches as the used market prices started to soften to protect their gains? Hopefully, the situation improves at retail soon with the used market prices coming down to earth.
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13 July 2022, 03:54 AM | #32 |
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I think it has already started. Already see a bunch incoming posts that aren't hot models like two tone explorers or sea dwellers. Just a matter of time until DJ's and subs are back on the displays sitting again.
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13 July 2022, 03:55 AM | #33 | |
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Quote:
Your best bet is consignment for a watch like that. Bob's is laughable. There are plenty of dealer's that will consign that watch at 6%-8% |
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13 July 2022, 03:56 AM | #34 | |
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13 July 2022, 04:02 AM | #35 |
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Agreed! I actually thought it was a quirky watch, which I enjoyed. But to see it go from virtually unwanted to one of the most hyped watches on the planet in a span of ~4 years was strange.
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13 July 2022, 04:05 AM | #36 |
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due to the negative atmosphere here i would say perfect time to buy
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13 July 2022, 04:06 AM | #37 |
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Man it doesn’t seem like that long ago does it
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13 July 2022, 04:06 AM | #38 |
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13 July 2022, 04:07 AM | #39 |
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Nobody likes me
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13 July 2022, 04:08 AM | #40 |
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13 July 2022, 04:09 AM | #41 |
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but big greys are also not lowering their prices as much so they're not moving their inventory. look at david's prices vs what you can apparently get on moda. there's no real reason for him to buy off us vs getting it at wholesale for super cheap from some dealer in trouble, and lowering his prices to near wholesale will cause a spiral in the market
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13 July 2022, 04:11 AM | #42 |
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13 July 2022, 04:24 AM | #43 |
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Was just told the following by prominent seller on the Forum:
…the market is going to get worse, Im going to take a loss on a bunch of pieces. Im not buying anything unless its a steal, not worth the risk… __________________
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13 July 2022, 04:25 AM | #44 |
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I'm sure besides the few big greys, all of them are anticipating this.
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13 July 2022, 04:42 AM | #45 |
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Where's the guy who insists that his 2 or 3 watches have actually gone UP the last few months?
I know with stocks that trying to sell into a down market with an illiquid stock is a recipe for disaster. I don't "invest" in watches and don't look at them that way, but imagine here as spreads widen and the typical gray buyers stop buying, and prices decline, that it will indeed get worse before it gets better. Worse meaning lower prices. Fine by me!
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13 July 2022, 05:04 AM | #46 |
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I’m holding out for that bnib 1016 for about $2000
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13 July 2022, 05:28 AM | #47 |
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Soon when flippers/backpack dealers are out of this watch market, everyone will realise that there isn't any shortage of watches at all.
OP should consider selling it privately. You probably still get back below MSRP, but definately higher than $33k. GLWS. |
13 July 2022, 05:37 AM | #48 |
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Anyone worried about prices should hedge their watches via shorting WOSG! They are in big big trouble if we go to MSRP!
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13 July 2022, 05:47 AM | #49 |
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https://www.businessinsider.com/role...may-2022-5?amp
Prices go up ,prices go down , rinse and repeat. Happened in 2008 to Vintage watches. They got creamed. No surprise that still manufactured watches would meet the same fate when money tightens up in 2020. |
13 July 2022, 05:51 AM | #50 |
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I don't really have any hope that the retail market will get easier anytime soon, especially after reading Jack Forster's article about supply and demand for Rolex. However, I'd like to see gray market prices on basic SS Rolex models get at or near retail, if not a little below. I've got two current Rolexes, and want to add two more (Explorer I and Air King), so I can pass on two Rolex watches each to my sons in the future.
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13 July 2022, 06:05 AM | #51 |
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It seems everyone here is a watch price, economic expert with a crystal ball now.
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13 July 2022, 06:14 AM | #52 | |
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So why aren’t the greys buying? I think that’s a valid question since they say “it’s now the time to buy”. So why aren’t they practising what they preach? People like DSW are not even offering a price as stated by OP. Not even an offer for OP to consider. Greys should be BUYING LIKE CRAZY NOW! BUY THE DIP as they often say! |
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13 July 2022, 06:18 AM | #53 |
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13 July 2022, 06:19 AM | #54 |
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seen a Pepsi go for £16k bnib on eBay this week, appears these hype watches are loosing value fast - which is great cause I want to buy one soon
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13 July 2022, 06:22 AM | #55 | |
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13 July 2022, 06:25 AM | #56 |
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Keep the watch. Wear and enjoy. These were always about how they made you feel. If you really need the money dump it for the loss. Otherwise wear and enjoy and revisit selling in 5 years
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13 July 2022, 06:27 AM | #57 |
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i think the bigger issue right now is grey's using this as an opportunity to get your watch for cheap using these excuses, and to get it on consignment as well. what do they care if it sells for $45k or $50? its free for them anyway and its your money. Just the way the market is right now. i also wouldnt rely much on Bob's watches, they've been scummy in the past. Just do a search on them.
reach out to a few resellers on here. someone might bite or have a buyer. and 17.5% fee is way too high. its usually 5-10% from what i've seen. |
13 July 2022, 06:42 AM | #58 |
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I’d rather be below msrp than have these forums polluted by price threads, robbery threads, and other trash that these high prices attracted.
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13 July 2022, 06:43 AM | #59 |
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The nouveau watch ‘enthusiasts’ and collectors have left the room and are never coming back. They enjoyed flexing luxury timepieces for a period when there was zero cost of ownership, or even a potential for profit. It was treated as portable currency/store of value with the added benefit of giving the illusion to the uninformed public of having a large disposable income.
Aside from some rare discontinued pieces and collectible vintage stuff, used or grey market watches should generally be cheaper than a new one purchased from an AD. Supply will catch up as Rolex continues to pump out nearly 1,000,000 pieces per year. |
13 July 2022, 06:44 AM | #60 |
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