Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[Wahlberg]

Originally Posted by dmash

I foresee Daytona being the only ‘allocation’ type watch. Outside of like limited edition meteorite, rainbow, all that jazz. GMT and Sub were never meant to be something revered, they were simply entry levels into the brand and a solid all around daily time piece. I see them all settling around MSRP +/-10-15%

It’s still mind blowing to me what some people paid for 5711 and 15202 at the peak though. Absolutely unreal.

We’ll see though!

Even crazier are the people who paid 70-80k or something for those blue dialed 15500s.

[huncho]

Originally Posted by Wahlberg

Even crazier are the people who paid 70-80k or something for those blue dialed 15500s.

weren't they like 120k at the peak? just insane. 50k i can understand. 80k is ridiculous itself but 6 figures...no comment

[mountainjogger]

Originally Posted by dmash

Just my 2c, and no offense to new guys who won’t care about watches once the ‘flippability’ has dissipated….

But I’d rather practically all Rolex be worth MSRP, we get done with this trend and sift out the people who don’t really care about horology. A bit tired of what’s it been like for last 3-4 years. I’m not trying to sell stuff so aftermarket pricing is irrelevant to me. Simply maintaining what I paid is wholly sufficient in my eyes.

Agree with the addition that I don't mind loosing a little if I decide to trade in a a different watch, not seeking a total crash (and do not see that happening) but I would like to be able to buy a used watch at MSRP, or even better, go in and try on a watch at the AD, and, novel thought, buy one if I like it. Not sure we will ever get back to that. But it would be nice.

[Wahlberg]

Originally Posted by huncho

weren't they like 120k at the peak? just insane. 50k i can understand. 80k is ridiculous itself but 6 figures...no comment

Hmmm, I don't think they hit 120k. I could be wrong though. I thought they topped out at 70-80k'ish and at that point they stopped moving.

[beshannon]

Originally Posted by axelfoley

Does anyone have experience actually buying on MODA? Can the sellers be trusted? They "vouch" for one another but I don't know how much weight to give that...

Just the people here promoting Moda

[huncho]

Originally Posted by Wahlberg

Hmmm, I don't think they hit 120k. I could be wrong though. I thought they topped out at 70-80k'ish and at that point they stopped moving.

122k (no clue if it sold) :
https://www.rolexforums.com/showthread.php?t=839591

99.5k
https://www.rolexforums.com/showthread.php?t=845762

i believe black dials were going for around 80 at the peak themselves so...pretty insane

black sold for 81
https://www.rolexforums.com/showthread.php?t=840328

[rolexpatek363]

Originally Posted by pursang_

Everybody loves their free market capitalism until it punches them in the face.

You should consider a career in marketing. Moda are hiring, I hear.

[LJubel328]

Originally Posted by axelfoley

Does anyone have experience actually buying on MODA? Can the sellers be trusted? They "vouch" for one another but I don't know how much weight to give that...

I have sold on MODA, not bought. I did this because I an a stickler on fees and have a hard time swallowing even the slightest of spreads I grey dealer is making in the back end of our deal. So, I figured I’d try MODA . The process went like this:

Listed watch, a potential buyer PM’d me and we settled on a price. Since I had few references I agreed I would ship if he provided a reference check on himself where other members vouched for him.

He provided the label and off the package went. It arrived next day around 11am and I had the money wired to my account be end of day. It took not more than 72 hours.


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[JRedford]

Has anyone bought on Moda? I am curious how that went.

[thekman]

Originally Posted by JRedford

Has anyone bought on Moda? I am curious how that went.

Bought and sold multiple times. Not really any different to how we sell/buy here on TRF. Expect to ship/pay first if you are a new members and you are dealing with a known dealer on the group. I also like that o facebook it feels that you are talking to an actual person and you can see their profile and can ask for reference check on the group on that person.

[dmash]

Originally Posted by thekman

Bought and sold multiple times. Not really any different to how we sell/buy here on TRF. Expect to ship/pay first if you are a new members and you are dealing with a known dealer on the group. I also like that o facebook it feels that you are talking to an actual person and you can see their profile and can ask for reference check on the group on that person.

Yeah idk why people are acting like MODA is sketchy, it’s actually a cool niche group to get the best prices. If prices continue to fall towards MSRP, could be an amazing way to get watches undercutting bigger greys, from still reputable sources.

[dmash]

Multiple black sub dates listed for under $14k now. And that’s list, not what they’ve sold for. Wow market is definitely correcting!

[whiskyrolex]

Originally Posted by dmash

Yeah idk why people are acting like MODA is sketchy, it’s actually a cool niche group to get the best prices. If prices continue to fall towards MSRP, could be an amazing way to get watches undercutting bigger greys, from still reputable sources.

Meanwhile those same people will gladly buy from DavidSW and Takuya at a 30% premium because they are "trusted" as if their watches are not also sourced from the exact same place.

[whiskyrolex]

Brand new Sub No Date $12.5k on Moda today.

[PepsiBezel]

Originally Posted by whiskyrolex

Brand new Sub No Date $12.5k on Moda today.

That was about the best retail price for one in June 2021.

[Trailboss516]

Originally Posted by whiskyrolex

Meanwhile those same people will gladly buy from DavidSW and Takuya at a 30% premium because they are "trusted" as if their watches are not also sourced from the exact same place.

Not saying I am in favor of doing so but I understand the perceived peace of mind that comes with buying from those two. They have much more to lose than the buyer if the watch was determined to be fake. If I were ever going that route, I'd likely buy from them compared to a private seller.

[rolexpatek363]

Originally Posted by whiskyrolex

Brand new Sub No Date $12.5k on Moda today.

If it's too good to be true.... I wouldn't buy from Moda: way too much of a risk the watch is stolen or fake. JMO.

[GGGMT]

Originally Posted by padi56

Can assure you added more value over the past 17 odd years than yourself, I am entitled to my opinion if you dont like my opinion dont reply its that simple.

Padi56 voices such an important perspective and reminder here about what brought us all (most) together in the first place: the history, Beauty, stories, engineering, an intrigue of watches.


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[PBJ1925]

Originally Posted by JRedford

Has anyone bought on Moda? I am curious how that went.

Yes, went fine. You'll want to do due diligence like with any potential online purchase. It's an interest blend of B&M dealers, back pack dealers, enthusiasts, and everyone in between. You'll want to 'buy the seller' as always.

[SubMillennial]

Originally Posted by whiskyrolex

Brand new Sub No Date $12.5k on Moda today.

The ground is continuously shrinking beneath the feet of the bag-holders.


And today's CPI report just sent futures markets pricing in a 100bps increase on interest rates spiking. It's going to get worse before it gets better for these flippers

[HAL330]

Originally Posted by wclowe

Interesting data and analysis:

https://www.watchpro.com/prices-slum...rolex-watches/

Cheers!


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there was a genuine bubble of sorts for the first few months of 2022... but we are now back to a correction style pricing situation .. they seem to have leveled to their supply/demand sustainable level... but here's what we haven't factored into this current pricing environment ..

The economy WILL turn, and demand will go up again.. China will open, etc..

So right now is a BUYERS market.. but hardly a crash.. as prices are still well above MSRP on 99% of Rolex models that are in demand.

[JWillard]

Someone wake me up when china saves the market

[Meltingicecube]

Originally Posted by HAL330

there was a genuine bubble of sorts for the first few months of 2022... but we are now back to a correction style pricing situation .. they seem to have leveled to their supply/demand sustainable level... but here's what we haven't factored into this current pricing environment ..

The economy WILL turn, and demand will go up again.. China will open, etc..

So right now is a BUYERS market.. but hardly a crash.. as prices are still well above MSRP on 99% of Rolex models that are in demand.

China will open

You know Chinese banks are experiencing bank runs one by one right?

Their economy is growing at the slowest pace in its history and real estate prices are crashing!

Some of these Rolex bulls OMG

[JWillard]

Originally Posted by Meltingicecube

China will open

You know Chinese banks are experiencing bank runs one by one right?

Their economy is growing at the slowest pace in its history and real estate prices are crashing!

Some of these Rolex bulls OMG

I have already touch based on this, one million people was not enough to worry from someone remarks, CHINA GDP per person only ranks 49th in the world

[Uhtred59]

Originally Posted by thekman

Bought and sold multiple times. Not really any different to how we sell/buy here on TRF. Expect to ship/pay first if you are a new members and you are dealing with a known dealer on the group. I also like that o facebook it feels that you are talking to an actual person and you can see their profile and can ask for reference check on the group on that person.

Patty is right, a non offensive poster is a grey dealer. My goodness

[1665fan]

Get the Lamborghini driving tax masters out the game……raising prices and low balling sellers all the time……garbage peddlers like DSW

[JRedford]

Originally Posted by 1665fan

Get the Lamborghini driving tax masters out the game……raising prices and low balling sellers all the time……garbage peddlers like DSW

Huh?

[huncho]

Originally Posted by 1665fan

Get the Lamborghini driving tax masters out the game……raising prices and low balling sellers all the time……garbage peddlers like DSW

yikes

[Incroyable12]

The latest inflation report is in and it's ugly. Canada just raised their interest rate by 2.5% instead of the .75% predicted.

[huncho]

Originally Posted by Incroyable12

The latest inflation report is in and it's ugly. Canada just raised their interest rate by 2.5% instead of the .75% predicted.

it's bad but it's also lagging. a lot of commodities are down quite a bit since june. hopefully that was the peak % wise but now will be interesting to see the rate at which it'll go down (if it does)

what's crazy is that we've basically had 15% inflation over a 2 year period and that's the number that's cooked to look better lol