Grey Market Prices Coming Down (daily tracker)

[Onikage]

Anyone who thought ridiculous second hand pricing could last was dreaming. It's had a good run, but the Mr. BS's are going to be the unwinding when shtf. Certainly had their share of animalistic behaviour. It's a shame it had to be brought forth like this.

[arika]

Originally Posted by RL777

Sounds similar to the west coast, plenty of people here who think this will be a minor blip all fixed up tomorrow!

Depending on the time horizon. For someone with 20, 30, 40, or 50 years horizon this will be a blip. Alternative being fighting for that last can of tuna in mad max gear.

[bayerische]

Originally Posted by Onikage

What about an Air-King?

Thirty-five thousand. At least.

[dmash]

Originally Posted by Onikage

Anyone who thought ridiculous second hand pricing could last was dreaming. It's had a good run, but the Mr. BS's are going to be the unwinding when shtf. Certainly had their share of animalistic behaviour. It's a shame it had to be brought forth like this.

I would go as far as saying I saw well over half the members in past threads saying stuff like ‘this is the new normal!’ Or ‘it will never go down!’. Well known, older members too. It absolutely boggled my mind at the naivety.

Honestly it is a punch in the gut for somebody who loves horology, to speak to somebody who’s wearing a Nautilus and they literally tell me ‘this is my savings account right now, don’t really know much about it other than everybody wants it, haha’. True story, NYC ‘19. Not that I care about their knowledge, but more that these are the kind of people rendering the watch unobtainable for people such as myself.

I knew this entire circus act was coming to a conclusion soon after that conversation. Horrendous that a deadly disease is the catalyst, but it is what it is.

[hamachikanashiro]

Maybe not a "hot" piece, but i have been tracking this for some time.

MSRP for a 114060 is HK$62,500 (c.US$8,050).

I saw a watch listed here, BNIB, available for pickup/collection at an AD for HK$65,000 (US$8,384), a US$350 "premium". The grey premium was previously US$1,000 before.

So, think we will start to see them available at MSRP at the AD for this piece, at this rate.

But I'm not buying. Maybe I can get one MSRP from an AD in Singapore / Australia and even save on some tax.

[lukajur]

Originally Posted by jestevez

New updated table below. Batman now below $12k.

Attachment 1124631

Thanks for this table, it is very informative and I appreciate it!

[Cape]

Originally Posted by Tan

Not true, there's a black DaytonaC on CWC for about $19k USD

Sorry what is CWC? Another forum? If so please pm me or the link. Thanks

[mg Barcelona]

I got a call from a closed AD on Friday, I was offered a Rhodium YM40 if I paid 50% deposit now by card and would be able to collect it when the store reopens.

[mg Barcelona]

Originally Posted by mg Barcelona

I got a call from a closed AD on Friday, I was offered a Rhodium YM40 if I paid 50% deposit now by card and would be able to collect it when the store reopens.

I declined just in case anyone was interested.

[Harry-57]

Originally Posted by dmash

I would go as far as saying I saw well over half the members in past threads saying stuff like ‘this is the new normal!’ Or ‘it will never go down!’. Well known, older members too. It absolutely boggled my mind at the naivety.

It was the new normal. Now it's changing, and it will change again, and again. That's the thing about normal.

If we're talking naivety, one could equally argue that it's very definition is the belief that anything can maintain a steady state in a free market economy which cycles, sometimes wildly. Or that things in a particular period of time should be defined as the normal for ever. The best we can ever say is nothing stays the same.

As you say, the catalyst for the end of the insanity is something no one should ever wish for. Nevertheless, it has triggered consequential things which were going to happen at some point.

Just look at the change in pollution levels after less than two months. Now that's news. Who cares about the cost of watches?

[dmash]

Originally Posted by Harry-57

It was the new normal. Now it's changing, and it will change again, and again. That's the thing about normal.

If we're talking naivety, one could equally argue that it's very definition is the belief that anything can maintain a steady state in a free market economy which cycles, sometimes wildly. Or that things in a particular period of time should be defined as the normal for ever. The best we can ever say is nothing stays the same.

As you say, the catalyst for the end of the insanity is something no one should ever wish for. Nevertheless, it has triggered consequential things which were going to happen at some point.

Just look at the change in pollution levels after less than two months. Now that's news. Who cares about the cost of watches?

I 100% agree everything is cyclical and any reasonable individual should also conclude that. My point about the previous posters is they were also claiming that the prices will NEVER return to normal, and it is the new normal *forever*. Hence my naivety comment. Perhaps you read my post wrong, but we’re actually wholly in agreement

Air pollution still pretty bad in Thai though

[peterpl]

People are forgetting just how many of the BLROs, Hulks and BLNRs people are hoarding.

There will be far far far more supply than demand in the coming months especially for anything listing above MSRP. That is for sure. Demand has dropped off the cliff and even at MSRP demand is low at the current time.

Always will be 1 or 2 ppl buying at MSRP but there wont be 1000s upon 1000s lining up anymore.

[Swiss2311]

Dealer from Czech Republic, 116710blnr without papers.

[Rolexatlast]

Over the last 3 months , the price has gold has gone up - presumably as people see it as safer then currencies

Maybe some people will see Rolex in the same way, which will help maintain their value

[Craig88]

Originally Posted by Swiss2311

Dealer from Czech Republic, 116710blnr without papers.

That's more than I paid for my 116710blnr in Dec 2019 from a brick and mortar in London...

[Sandpit]

Originally Posted by Rolexatlast

Over the last 3 months , the price has gold has gone up - presumably as people see it as safer then currencies

Maybe some people will see Rolex in the same way, which will help maintain their value

You can hold gold in an etf rather than physical goods. Not sure you can do that with Rolex (although I’m sure some bright spark has thought of it).

[garyk]

Originally Posted by mg Barcelona

I declined just in case anyone was interested.

I’m interested as to why you declined.

[MarineGirl22]

Originally Posted by socalwatchcollector

One on here for under 12k..

There was just three on watch trading co yesterday for 11995


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[Swiss2311]

This is a dealer from United states.. 126711chnr without box from 2018, root beer isn't hot as SS hulk, batman, daytona. He's asking price is 15300$.

[peterpl]

Originally Posted by Swiss2311

This is a dealer from United states.. 126711chnr without box from 2018, root beer isn't hot as SS hulk, batman, daytona. He's asking price is 15300$.

forensic anthropology benefits

Why you spamming every single dealer? LOL

Just wait if your serious about buying something. Another 1-2 months wont hurt and $14k for the CHNR might be a very very good offer. He might even regret not selling to you now but maybe the gray dealer bought it for more himself so he's trying not to lose money. Its only been 4 weeks since the US really started taking the virus seriously and only like 2 weeks since shutdown of some major cities. Dealers will be slower to reduce prices than individual sellers.

The more individual sellers who are holding onto these hyped pieces hit the market it will force the grays to reduce as well.

[Podmornica]

I'm certain that most of the gray dealers are following the Forum, so they know by now there's a guy from Croatia who's testing them just for the sake of it .. LoL.

[Swiss2311]

In Italy is 8 weeks.. And they still laugh at my offers..

[Tan]

Dealers are trying to ride out the wave as much as possible, staring down at a tidal wave of buyers looking for MSRP.

[Swiss2311]

Only trying to say thats not how people saying it is.

[mmaggi]

Once they realize this recession will last 12-18 months, those offers will be taken in a heartbeat. Be patient. It's still early.

[Patton250]

Originally Posted by mmaggi

Once they realize this recession will last 12-18 months, those offers will be taken in a heartbeat. Be patient. It's still early.

Interesting. You say that with certainty. Tell me will Tampa Bay win the Super Bowl this year with Tom Brady?

[F17RUK]

It’s happening guys- Pepsi on eBay under MSRP

https://rover.ebay.com/rover/0/0/0?m...2F133372461985

[Wahlberg]

Originally Posted by Swiss2311

Dealer from Czech Republic, 116710blnr without papers.

nice 200 euro discount

[sallyhats]

Originally Posted by Patton250

Interesting. You say that with certainty. Tell me will Tampa Bay win the Super Bowl this year with Tom Brady?

No Brady sucks and the Bucs suck, go back to sleep.

[Swiss2311]

In my opinion prices will go down, but not as much as people say .. Time will tell .. Excuse me if I offended someone with my screenshots.