Market down, who wants to pay the premium

[TimingIsEverything]

Originally Posted by chlgpm

I think if the white dial Daytona is priced at 40K, it will still sell. There is simply no rationality when comes to hot Rolex models. Buyers will come regardless of price.

[GBD]

Maybe no impact today, but eventually the global economy will go through its next downward cycle, and things will soften up. We may even get back to retail prices!

[turborolex]

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

+1


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[RyanO]

A fisherman always sees another fisherman from afar

Originally Posted by returntorolex

Blue Horseshoe loves black-dial Daytona.

[Investr]

Oh brother......

[911NBK]

Originally Posted by mulgogy

5 months ago the market was down almost 5000 points compared to today... no effect then, no effect now.

That's not true. Watches have gone up 20% or more since 5 months ago. 5 months ago here in Montreal I could get a batman for 15k now they're 18 to 19. SS Daytona for 23 24 now 28 29. BLRO was offered to me at 18k in January now I cant find one for less than 24 to 25k. All these prices are in CAD btw.

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[dtwer]

Originally Posted by chlgpm

I think if the white dial Daytona is priced at 40K, it will still sell. There is simply no rationality when comes to hot Rolex models. Buyers will come regardless of price.

Possible, but with the caveat that the likelihood drops.

As price climbs, the number of buyers decreases. They either go buy something else or cease to be able to afford it.

[Calatrava r]

The Daytona SS market remains driven by lack of supply. I still think ADs are lucky to see one white a year. At that rate, if you want one you have no choice but to buy used over the internet at whatever the going rate is. Sad state of affairs. Maybe more people will catch on and the market will gradually switch to other brands which are more available and just as good.

[1665fan]

Ss Daytona 28-29??? Where the hell is that never never land lol

[Monty22]

Originally Posted by Littletommy

Today’s market will have no effect on Rolex pricing

Agreed. Most (not all) speculators that join markets use leverage and aren’t liquid enough to worry about a stock/bond/mutual fund portfolio


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[gaeleus]

[QUOTE=dtwer;9613013]Please don't do that to your money. It's just a piece of jewelry, don't throw silly money at it. [/QUOTE

People now days want to become rich off buying a watch. Lol! Remmber the days when you had to be financially successful to buy these pieces. Not the other way around. Times change

[danny1305]

Lets be honest, if the market dropping a few hundred points stopped you from buying the watch...you were never really going to in the first place. One day of minimal losses will not affect watch sales in any way

[enjoythemusic]

Originally Posted by PatronMTL

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

Who was to blame for the crash, and the next one.... and who went to jail for 2008 fraud?

Point being, their fraud is very profitable... if you know how to play it.

[jfmiii]

Originally Posted by 1665fan

Ss Daytona 28-29??? Where the hell is that never never land lol

those are CAD prices.

[strafer_kid]

Originally Posted by derekhayden

100%.....yep it's just a watch.

Totally.....there's more to life than watches.....

[911NBK]

Originally Posted by strafer_kid

Totally.....there's more to life than watches.....

Ya the 4 W's. Watches, wheels, wine and women.

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[2nastie]

I hope individuals have learned from their mistakes in the last recession and limited the amount of money they have leveraged up.

Regardless of the where the market is going no one should buying a watch on the basis of if their portfolio is up or down. That simply shows how "stupid" people spend their money.

As a luxury item, people should be spending money they have on the side that was designed to be enjoyed with (either purchasing material goods, a vacation, etc.). Spend your luxury dollars on luxury items. Don't spend money you don't have on these these goods.

Overall, most individuals are smarter with their money than the last go around. The pool of reckless of spending should be limited. If it isn't or if people still fall under that category, then I say they deserve it for not learning from their mistakes.

[Keepchasing]

Originally Posted by dtwer

Possible, but with the caveat that the likelihood drops.

As price climbs, the number of buyers decreases. They either go buy something else or cease to be able to afford it.

This.

[kitsgq]

I don't understand why you were considering buying a 116500 black dial for 21.5k usd when you posted in a past thread you declined the same watch from at retail last month because you were holding out for a white dial? Going from declining the watch outright at retail then considering paying 21.5k seems like quite the change of heart!

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[aaron1977]

I can not believe people think a day (or WEEKS) of down market days matters on rolex pricing

[Mrngrz46]

Listen to a stupid: buy it now otherwise the more you wait the more it cost...I wanted to buy a f4 in the good old time...dust made it because for a green sub with fat 4...too much...look today...it become more than 4 time...

Like I said all time: until weapon, drugs and human market is on going no luxury market crash

[ricardo-sf]

Originally Posted by YGRLX

I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

not sure basing purchase of a watch based on a single day market volatility is a good thing.

600 pts is not really a big deal ..

[ricardo-sf]

Originally Posted by 911NBK

That's not true. Watches have gone up 20% or more since 5 months ago. 5 months ago here in Montreal I could get a batman for 15k now they're 18 to 19. SS Daytona for 23 24 now 28 29. BLRO was offered to me at 18k in January now I cant find one for less than 24 to 25k. All these prices are in CAD btw.

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using the BATMAN or the BLRO as the examples when you talk about watch prices makes no sense .. those are outliers ..

[Fort Rolex]

Daytona has always been tough, pretty inelastic. Same for all other top line models and brands

A slump will mostly hurt the tags, cartiers, breitlings, etc.not a knock as I own those and love em but that’s the likelihood

[broham84]

Originally Posted by PatronMTL

Wishful thinking...until the market goes up 500 points tomorrow

Honestly i would much prefer avoiding a market crash and continue not being able to get a watch then to hope for a crash which will ruin many lives.... 2008 was not fun for anyone

1000% this...

If i had to choose between market crash vs. paying premium for a watch... i'd pay the premium 10 outta 10.

[Trazor]

Throughout History, all bubbles have eventually burst,Rolex sales will be no different.

[911NBK]

Originally Posted by ricardo-sf

using the BATMAN or the BLRO as the examples when you talk about watch prices makes no sense .. those are outliers ..

What about daytona? And hulk? And all SS's basically. Only TT's and PM's are findable at retail or lower except TT CHNR.

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[Bigblu10]

Originally Posted by YGRLX

I was considering paying 21500usd yesterday for a black Daytona C until I saw the market in the red 600 points today. Who else feels like the market moving down is going to cool this craziness?

Are you new to the watch game? Daytona demand and pricing has been independent of any stock market activity for decades. In fact, tell me what new Rolex model ever seen a price decrease due to recession or a stock crash?

[tudorbaja27]

The market being down this week was to be expected - given all the trade talk and the implications of that.

[rollyp]

The level of complacency regarding the stock market is astounding. And a prolonged decline will absolutely affect prices of all collectibles, including watches of course. A large part of the run up in prices of watches (and everything else for that matter) is all the easy money that has flooded the monetary system since 2008. All our Fed knows how to do is inflate new bubbles when one of them pops. This time is no different, except eventually we'll get to a point where the whole charade doesn't work anymore. That's when things will could get really nasty.