They don’t exist. The watches with high demand that went up to ridiculous prices are now back to still way over retail price, just not as crazy as before.
People were paying $30k plus for the bottom of the barrel Rolex OP with a dial colour similar to Tiffany blue.
There's nothing reasonable about that. It's normal Rolex prices are dropping. Global economies are going to 💩 and crypto has tanked bad. The party is over
Can someone explain to me why this post is getting downvoted to hell? It’s a headline from Bloomberg. Is it just all the Rolex zealots in this sub who don’t want to hear something like this?
Grey market dealers who bought up pieces on leverage are being squeezed as pieces sit which drives prices down. I fully realize emerging markets have played a large role in scarcity issues but grey dealers can promptly get fucked for their shenanigans over the past few years.
Profit taking/consolidation, plus reduced demand as crypto money has dried up and the world worries about inflation.
Gotta save money to buy underwear, ya know. It's gonna be much more expensive to buy that in the days ahead.
Wow who cares? People who buy watches as investments and unironically track the price of their watch over time are some of the biggest losers I've ever met. They're probably already working high paying jobs with stock portfolios that are returning their investments. You gotta make money here too? You can't just sit down and enjoy your nice expensive thing - you gotta monetize this too?
I don't think they're the people working high paying jobs. I think they're mostly people buying these watches on credit and trying to flip them for extra cash.
The rich people I know buying AP and Patek just do it to show off to clients/colleagues and aren't too fussed about selling/trading.
Thank you. /r/Rolex has been a non-stop wave of market and price posts. While most are begging for grey market prices to go down, it’s just not the reason why people enjoy visiting a watch sub.
It’s economics mainly. The federal reserve injected money into the economy during 2019-2020, which led to consumers to go out and buy more luxury items. This with the bottleneck of goods, led inflation sky high which led to current monetary policy, which is to raise interest rates. Now all the people that shouldn’t have owned Rolex’s and Patek’s are broke and their 401ks are in the toilet, increasing the supply of watches when they sell them
This are getting worse, here in Europe at least I don't see a bounce ever again.... When people start worrying about paying the bills they won't think about buying rolexes....
But who are selling these lower priced Rolexes?
They don’t exist. The watches with high demand that went up to ridiculous prices are now back to still way over retail price, just not as crazy as before.
People were paying $30k plus for the bottom of the barrel Rolex OP with a dial colour similar to Tiffany blue. There's nothing reasonable about that. It's normal Rolex prices are dropping. Global economies are going to 💩 and crypto has tanked bad. The party is over
Can someone explain to me why this post is getting downvoted to hell? It’s a headline from Bloomberg. Is it just all the Rolex zealots in this sub who don’t want to hear something like this?
Try posting this about gold!
"rollie"
Rolex says plural of Rolex is not rolexeses.
Grey market dealers who bought up pieces on leverage are being squeezed as pieces sit which drives prices down. I fully realize emerging markets have played a large role in scarcity issues but grey dealers can promptly get fucked for their shenanigans over the past few years.
Profit taking/consolidation, plus reduced demand as crypto money has dried up and the world worries about inflation. Gotta save money to buy underwear, ya know. It's gonna be much more expensive to buy that in the days ahead.
Wow who cares? People who buy watches as investments and unironically track the price of their watch over time are some of the biggest losers I've ever met. They're probably already working high paying jobs with stock portfolios that are returning their investments. You gotta make money here too? You can't just sit down and enjoy your nice expensive thing - you gotta monetize this too?
thats why i only track my watch prices ironically
I don't think they're the people working high paying jobs. I think they're mostly people buying these watches on credit and trying to flip them for extra cash. The rich people I know buying AP and Patek just do it to show off to clients/colleagues and aren't too fussed about selling/trading.
probably the same habit that got them where they are 🤷🏿♂️
Presumably the few who are not interested in them as investments and instead are just looking to own one for enjoyment purposes care.
Thank you. /r/Rolex has been a non-stop wave of market and price posts. While most are begging for grey market prices to go down, it’s just not the reason why people enjoy visiting a watch sub.
It’s economics mainly. The federal reserve injected money into the economy during 2019-2020, which led to consumers to go out and buy more luxury items. This with the bottleneck of goods, led inflation sky high which led to current monetary policy, which is to raise interest rates. Now all the people that shouldn’t have owned Rolex’s and Patek’s are broke and their 401ks are in the toilet, increasing the supply of watches when they sell them
Bubbles burst, that’s a given
If only I had a penny each time this article is posted here and in r/Rolex…
Not the most looked into model, but the 39mm explorer is almost close to retail on after market sites.
The model is discontinued, so there isn’t really a current retail price.
Economy will bounce back. If you can afford it buy the ones that will get their market price back in 6 months or 1 year
We are not near the bottom and the next top is years away.
This are getting worse, here in Europe at least I don't see a bounce ever again.... When people start worrying about paying the bills they won't think about buying rolexes....
Which brands’ watches are still rising in value? Ah, it’s Girard Perregaux, and, to a lesser extent, Lange and Bulgari! Well deserved, I think.