ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
28 May 2022, 05:11 AM | #1 |
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What will burst the Rolex bubble...
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28 May 2022, 05:27 AM | #2 |
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Mmmmm…..
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28 May 2022, 05:55 AM | #3 |
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Buying Rolex as inflation hedge is so dumb.
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28 May 2022, 06:03 AM | #4 |
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I didn’t read the article (maybe I should have), but my stance has always been that you should never buy a luxury product like a watch with the expectation that it will hold a store of value.
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28 May 2022, 06:05 AM | #5 |
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I've been following the whole "Rolex bubble / availability"-discussion for years.
Since I only care for 4- and 5-digit watches and I bought mine 10 years ago (save the 16570) I never really cared. But all assets are in all time high. Classic cars, watches, apartments, houses, etc. and the inflation is pretty strong. Both in the US and the EU. FED has printed... what... 20 trillion? I don't believe all of them are "gray market speculators". Many people are buying classic cars and watches just to put their money to something concrete... "safe haven from the inflation".
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28 May 2022, 06:17 AM | #6 |
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From the article:
[A] watch is also a practical asset... A Rolex is like an international traveler’s check that gets accepted everywhere in the world. And what is good to understand is that, especially with a Rolex, there is a bottom when it comes to cash value. Right now, the market for Rolexes is booming, but if it ever stops doing that, the price you can get for your Rolex will never drop below a certain minimum. And that’s because traders will always be willing to buy your Rolex no matter the state of the economy. I take issue with the concept of watches as assets. I also take issue with their argument that there is a floor for prices.
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28 May 2022, 06:34 AM | #7 | |
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Quote:
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28 May 2022, 06:36 AM | #8 |
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Its the same predictions and disbelief of the Rolex market when Covid first started. Prophets on their soapbox declaring the end is near and give any data to support their narrative. People will believe what they want and buy what and when they want. No biggie. The only empirical reality that is undisputed is empty display cases greet everyone when walking into a AD. Most people buying luxury jewelry don’t consider them assets or investments.
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28 May 2022, 06:42 AM | #9 |
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In the UK, property has been bonkers. It is now putting off prospective buyers and this will exert a brake on the market. Classic car values are falling. I was reading an article in Autocar last week - something like 20-25% down on two years ago.
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28 May 2022, 06:43 AM | #10 | |
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Quote:
Nice read and really just explains how so little people know or plan when it comes to money and investments
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28 May 2022, 06:44 AM | #11 |
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Look like the Rolex watch forum is now becoming a price up or down forum, mainly today because many think of Rolex watches to be little more than ££$$€€ objects and little more.
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28 May 2022, 06:45 AM | #12 | |
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28 May 2022, 06:46 AM | #13 |
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I agree that Rolex watches and other high dollar watches can almost always be sold but those sales prices will always vary. The same can be said for luxury cars as they can also always be sold but the key is for what price? Again, the controlling factor is supply and demand, and the economy. Based on the current U.S. economy we are seeing real estate demand and prices starting to soften; and I believe the same effect can be seen in luxury watches and cars.
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28 May 2022, 06:48 AM | #14 |
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I have a garage of air cooled 911’s collected over the last few decades. Market prices are only still going up as well as guys like me that have a few won’t sell them.
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28 May 2022, 06:48 AM | #15 |
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I will correct my assessment.
Won't drop below a certain minimum is a bit ambiguous. That minimum could be 10c on the dollar. |
28 May 2022, 06:52 AM | #16 |
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You're a lucky guy. I wish I had a time machine and I would buy as many as possible.
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28 May 2022, 06:53 AM | #17 | |
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Meanwhile,Apple and Toyota do the work .... |
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28 May 2022, 06:55 AM | #18 | |
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Insane prices but I'm hoping the market begins to soften; but who knows. |
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28 May 2022, 06:57 AM | #19 | |
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28 May 2022, 06:57 AM | #20 | |
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My issue is I grew up club racing the 930’s owning two at a time when they were just fun track cars that tended to bite those that didn’t know how to drive them at speed. Todays Porsche market still has some bargains left but not in the top tier level of 911’s. This is because much like the Rolex Daytona market, those buyers can afford to pay top dollar and probably not feel it in their financial lifestyle. They want when they want it and will pay top dollar and never sell so they scoop up the really choice/rare low mileage vehicles. Hint…look around in the 964 family. This one is especially unique in my collection being all original “Commemorative” model and under 20k miles.
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28 May 2022, 07:24 AM | #21 | |
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Not quite true about the classic car market in the Uk Harry. Those models that were over hyped and over inflated have, rightly, fallen back in the last 9 months. But Autocar (Haymarket) really know next to nothing about the car market, classic or current and are so far divorced from the coalface market that you really need to ignore that. For what it’s worth the 993 (in that “end game” thread) is one of those rare classic cars that is a) a true classic and b) still a totally brilliant car irrespective of one’s reference point. |
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28 May 2022, 07:25 AM | #22 | |
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28 May 2022, 07:55 AM | #23 | |
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My concern is that the majority of people on this forum that look at watches as investments do not have your level of expertise. Many think they do. But most do not. And that can be a dangerous combination - lacking knowledge and then investing in watches are cars with the bandwagon belief that they will all continue to rise. Just my opinion. And great pics by the way.
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28 May 2022, 07:57 AM | #24 | |
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Great car by the way!
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28 May 2022, 08:34 AM | #25 |
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It’s not dumb, it’s d*ck. There’s a difference. It’s actually kind of smart, because if your dollars are worthless tomorrow, at least now you have a few Rolexes rather than worthless pieces of paper. I would just feel guilty about doing it. Personally I use silver and gold as hedges, especially with silver so cheap right now
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28 May 2022, 08:43 AM | #26 |
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Demand & Supply
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28 May 2022, 09:10 AM | #27 |
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My lunch at Taco Bell.
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28 May 2022, 11:43 AM | #28 | |
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It also possible a lot of the assets are going to seem like model t cars and pocket watches in 20 years. Cars probably even more so than watches |
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28 May 2022, 12:03 PM | #29 |
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I think that all the discussions on the 'Rolex Bubble' need to take into account 2 different areas. The discontinued, whether recently or vintage and the current Rolex catalogue.
The discontinued/vintage side of the market has a finite number, so trades/sales can be made with the knowledge there are only a fixed number in circulation. Like trading art or as this thread has included, used/vintage cars. It's the same, it's a finite number. I see the 'Rolex Bubble' as the current trend for paying over for a watch that you can buy brand new from the AD. Sure, it's not an easy process to get a new watch at MRRP but it can be done. This bubble has indeed developed a hole and is slowly deflating since Feb 2022. I doubt it will burst, more shrivel up like a 4week old balloon.
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28 May 2022, 12:51 PM | #30 |
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Agree
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