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14 May 2023, 09:15 PM | #4111 | |
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15 May 2023, 09:59 AM | #4112 |
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Last 2-3 days, 2 used blue dial VCO 4500v complete sold around the 25k range. That's essentially retail + tax. Can't wait to see mid/late summer where some of these prices will be.
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15 May 2023, 10:29 AM | #4113 | |
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I've read that grey dealers and sellers on this forum used to offer a decent discount but nowadays those days are long gone? So lets just stop buying watches above MSRP from anyone and hopefully the good old days will return right. |
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15 May 2023, 10:36 AM | #4114 | |
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I would love that but I think this is the new norm (especially for Rolex). My advice for someone wanting one Rolex is to just go grey and move on. Not sure what piece you want but if it’s a Daytona or Gmt it’s unlikely your getting one as your first. Sent from my iPhone using Tapatalk |
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15 May 2023, 11:31 AM | #4115 | |
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15 May 2023, 12:13 PM | #4116 |
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Black dial 15500 mint fullset went for 37.8k at Grailzee. Most royal oaks have more or less stabilized. I havent seen much price change over the last 60 days. 15500s low 40s/high 30s. 15400s low to mid 30s
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15 May 2023, 06:12 PM | #4117 |
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https://youtu.be/DLYVYC36S70
Not sure if this was discussed, but the folks at CRM appear to be losing their minds. Grey dealers like Roman Sharf, Trax, CRM all appear to hurting during this downturn and are thus eating each other apart. Love to see it |
15 May 2023, 06:26 PM | #4118 | |
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Lying through their teeth for the last 2 years about how watches are great investment and will go to the moon, which everybody with 2 brain cells knows it’s a LIE! Now quiet as a church mouse when the market is bad. Why are all these con artists / new gen Madoff not buying stocks when the market is at an all time low since they are so confident that it’s gonna be rebound? POS LIARS! |
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15 May 2023, 08:02 PM | #4119 | |
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15 May 2023, 08:08 PM | #4120 | |
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15 May 2023, 08:51 PM | #4121 | |
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It’s no surprise that they’re laying off in this environment (parent co of Chrono24 also had a round of layoffs). Hope we see some normalcy in the market, who knows. The cat is out the bag as far as the hobby is concerned, and ADs/boutiques will keep that air of scarcity at all costs, as they learned that exclusivity = luxury. |
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15 May 2023, 09:40 PM | #4122 | |
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This is true, I have expressed to my AD manager it’s not the wait time necessarily - it’s the never knowing if you’re being taken seriously or an approximate date you’ll receive a watch. |
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15 May 2023, 09:51 PM | #4123 | |
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16 May 2023, 02:56 AM | #4124 |
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Pre owned jm daytona at 78k. 2020
Sent from my iPhone using Tapatalk |
16 May 2023, 03:01 AM | #4125 |
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For anyone who thinks AD backdooring isn’t a thing. Watcheric confirms it ~25 min in: https://youtu.be/RN0Lun1fYDI
Watches on the market fully stickered despite corporate mandates to remove them, etc. it’s all very clear |
16 May 2023, 05:14 AM | #4126 | |
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It absolutely infuriated the hell out of me when there were people on here who aggressively defended ADs and SAs and claimed none of that went on. WAKE UP lol! I mean, a brand new watch gets released and the same day it's on MODA. How the hell do they think that happens? |
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16 May 2023, 06:29 AM | #4127 | |
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16 May 2023, 09:02 AM | #4128 |
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Brand new 15510st black is barely garnering interest on moda today. 36k right now, assuming it’s legit interest instead of fakers pumping up the price. That’s only 6k above retail + price
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16 May 2023, 09:14 AM | #4129 |
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Yeah saw that too and interested to see what the final bid is. 15510s are in the high 30s/low 40s now. Saw a grey dial sell for 41k
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16 May 2023, 09:16 AM | #4130 |
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If any one buying a watch from greys to wear should be okay.when they try to re sell they are going to loose their shirt.
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16 May 2023, 11:31 AM | #4131 |
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16 May 2023, 12:44 PM | #4132 | |
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Prices slump by up to 50% for discontinued Rolex watches (Watchpro)
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The manufacturers clearly don’t care this is happening. They could easily have a “mystery shopper” purchase these from a grey, and use the serial number to locate the AD. Do this a few times and pull the status from the ADs and the message would get out. Even if that’s too drastic, it would send a message to the ADs that they need to clean up their client vetting. Sent from my iPhone using Tapatalk |
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16 May 2023, 01:05 PM | #4133 | ||
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Eric was talking about the time before the hype, when most Rolex models sat and ADs were forced to dump Rolex inventory to grey market dealers at huge discounts. Eric's full quote (25:47 - 26:13): Quote:
That was when you can buy a stainless steel sports model or even a two-tone GMT-Master II at Costco with a discount. Then during the pandemic, grey market dealers started to negotiate bundled purchasing where they'll buy all the Lady-Datejusts in stock if they can also buy a few of SS Submariners and/or Daytonas. Then Rolex HQ started cracking down on the ADs that got caught. Nowadays, ADs are much more careful to backdoor anything. They might backdoor a few choice pieces very carefully per quarter but it's much safer for them to simply sell the hot models to VIPs or select people willing to play the AD game. ADs still gain the benefits but in an indirect manner. |
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16 May 2023, 01:19 PM | #4134 |
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People were doing bundles like that long before the pandemic.
This is a dangerous time I keep seeing watches I like and prices I can stomach haha
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16 May 2023, 09:40 PM | #4135 | |
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16 May 2023, 09:51 PM | #4136 |
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17 May 2023, 02:48 AM | #4137 |
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Prices will keep falling through summer. I already have the data to support it from a major player in the space.
If you are buying watches right now I hope you like what you buy.
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If you wind it, they will run. 25 or 6 to 4. |
17 May 2023, 08:41 AM | #4138 |
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new release tt gmt are now 26k. Dropping fast
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17 May 2023, 09:21 AM | #4139 | |
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Care to share said "data"? Also what's your crystal ball saying the stock market is gonna do? |
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17 May 2023, 09:41 AM | #4140 | |
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Also curious if you are hinting that the data indicates prices will go back to pre-hype days (e.g., discounts on Royal Oaks). Personally, I don't see it getting to that point again for many of the reasons others have stated in this thread (one of them being that brands like AP control everything now and would never let on things are that bad and would restrict inventory to counteract it). ROs in particular have been pretty stagnant and many of the basic three handers are only 5-7k over MSRP + Tax. I think right now is a decent time to buy a piece and, depending not the piece of course, should hold most of its value (not saying you're not going to lose anything). |
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