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Well not quite, they start at £12k in the Uk and there is 60 odd listed but we know they won’t all be readily available. Most buyers won’t fancy an international deal or the additional vat. I’d like to pick one up and don’t seem them dropping anytime soon unfortunately.Quote:
Originally Posted by Cooper85
I remember trying on the hulk about 3 years ago at an AD and not fancying it at RRP so certainly wouldn't consider it at those crazy prices.
Saw this today...2019 BLNR....box papers so assume overseas AD supplied ( UK dealers keep warranty cards for a year?).
Only a damn fool would pay this price. Some buyers simply lack patience and their money burns a big hole in their Ralph Lauren chinos....
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Prices are coming down lately on few of premium models the new batman is dropping which is driving prices down a tad on the old versionQuote:
Originally Posted by DrDunc
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>> Originally Posted by reggie747
>> Who is Federico?
I've been following Federico and John P from the beginning. They got themselves a top accredited watch repairer and started selling second hand watches at fair prices. At one point I was going to post on TZ-UK about an IWC Mk XII with a JLC mov they had for $3K but I couldn't be bothered...too much trouble. Anyway, from five thousand dollars to 4 million in two years... they must know something worth listening to.Quote:
Originally Posted by RAJEN
Delray Watch yearly sales rocket towards $4 million within two years
https://usa.watchpro.com/delray-watc...ide-two-years/
We might need to wait a little longer, but I see one final ridiculous price spike then panic selling.
Watchfinder have 1100+ Rolex ranging from £2k to £200k. So ball-park average valuation of £10k per watch? = £11 million
When it blows, it'll be messy.
I recently visited a few dealers and they were mentioning prices have come down in general and as much as 15% on some models. As the saying goes....... "what goes up must come down"
This was in particular with rolex and PP. They never really mentioned AP.
A price correction is a far better proposition than a price crash.
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Might wait to get my TT Daytona then. Any idea how long before it all happens? I just want to be ready to snap up a few bargains when the panic selling starts. :icon_biggrin:Quote:
Originally Posted by Chiefs
If only we knew :dontknow:Quote:
Originally Posted by oldoakknives
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Originally Posted by bokbok
But those of us who bought them at rrp and have kept them will be least affected regardless of a 15% drop in grey prices.
Long long way to go for the RRP payer's.Quote:
Originally Posted by Buster73
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1,100 is only about 20% more than the number of Rolex they have typically listed over the past 5 years.Quote:
Originally Posted by Chiefs
About 650 of the 1,100 are Datejusts.
20% more stock, but l'm guessing the total value is considerably higher.Quote:
Originally Posted by gbn13
Either way, it's a pricey volume of assets.
Any time. We see a lot of ‘experts’ predicting this:-)Quote:
Originally Posted by oldoakknives
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Originally Posted by Chiefs
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Originally Posted by oldoakknives
I thought you did........Quote:
Originally Posted by Chiefs
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Originally Posted by Chiefs
A local independent dealer has just listed a uk supplied lnib batman at 11700 or so
A bit cheaper than 6 months ago?
I think so
An even localler dealer listed one on SC for £100 lessQuote:
Originally Posted by GOAT
Prices been falling last few months not just on them the new one is dropping seen some new unworn for Under £13k on Ebay which must have an effect of the older version [emoji853]
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Not uk suppliedQuote:
Originally Posted by JPCain86
Hopefully they keep dropping so I can get a nice new watch to wear [emoji2] wishful thinking [emoji848]
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It’s an ABBA song, I think.Quote:
Originally Posted by reggie747
Aren’t they all produced at the same place in Switzerland. Why the place where the watch was sold matters?Quote:
Originally Posted by GOAT
Yes I agree ,but some may suggest that without being sold here with duty paid and proven it may cause difficulties down the line, when travelling perhaps?
I hasten to add that I’m certainly no expert (and may well be wrong )but for me ,a less than 1% premium for a uk supplied watch with a years warranty is a no brainer.
Ps not looking to scupper anyone’s sale- the fundraiser is on for a very hefty contribution if the Sc one sells so it’s all good.
There are three Rolex dealers in the Tyne and Wear area.Quote:
Originally Posted by Buster73
But you can only join an expression of interest in one of them, because they are all called Goldsmiths!
I think the natural slowing will take place.You can't keep upping the price you eventually hit a price ceiling.Christmas around the corner will still see favourable prices due to the season/bonuses etc
Perhaps the high prices are waking up other market segments who so far didn’t dabble in Rolex?Quote:
Originally Posted by peter2704
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I just located this "mint condition" Batman at Luxury of Watches in Los Angeles for $11,995.00 (£9,333.00). They maintain an A+ rating with the Better Business Bureau ("BBB"), which is the Gold Standard here in the States.
https://www.luxuryofwatches.com/role...iABEgIHwvD_BwE
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No papers though and 18k for the one that's a full set.
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Originally Posted by MDSWATCH
Then get the phone call a few months later if you have history with them ?.
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Originally Posted by Merkaholic
Too far , they’ll never fall back that much imho.
Grey market would trade at a loss for an unsustainable period if that was the case.
I don't see how prices could crash when there is a sleeping section of the market waiting to start buying again as soon as prices come down a little.
An excellent point. I would also add that, in the UK at least due to currency and economic turbulance, a Rolex might well be seen as a stable commodity in the not too distant future.Quote:
Originally Posted by Der Amf
Dunno, the listing reads:Quote:
Originally Posted by Omegamanic
Condition: Mint Like New
Includes: Box, Manual and Rolex Chronometer Tag
The one for $18k is Brand New.
Which is pretty unlikely.Quote:
Originally Posted by Buster73
This. They wouldn’t need to fall much before even more demand was the result.Quote:
Originally Posted by Der Amf
It’s coming up for Christmas people always spend on other things this time of year. I think prices will drop off, but not that much. Neither the likes of Rolex or Patek need to up production to sell their watches, they are both very financially stable and in the case of Rolex could sell nothing for 50 years and still cover all their current costs. So thinking this is going to change it’s not. Watches are now seen globally as the must have fashion item and unless that changes, things with prices may fluctuate a little, bit not significantly.
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Originally Posted by pacifichrono
I think that one's super cheap because it's not an official Rolex bezel, says custom on the listing. They have a proper 116710 BLNR and that's 17 or 18k.
Very important point of course if that’s correct.Quote:
Originally Posted by haberdashery
Plus it’s nearly another £2k to get it to the Uk with vat and post etc.
Rolex have been undervalued for years and now they have been brought to the level where they should be. Prices may now be sticky and a slight readjustment may or may not occur but if you waiting for prices to drop a few grand, it ain't going to happen. Most people will just sit on them for a few years if necessary and wait for the next upward climb. Those that already got them will hang onto them and those without are either going to have to stump up or go without.
What is the point of selling a Rolex and putting the money in the bank just to earn 1% pa. The best way to make money over the long term is to buy property, equities, fine art such as Rolex / PP.
That's true for most of us - but the market is also fuelled by speculators, who will put their names on a list and self for a few hundred, never mind thousands in profit.Quote:
Originally Posted by Mick P
Very good point but will the money still be there if prices fall due to recession? Will they choose to buy toys for those prices? Some maybe, definitely not all. Depends why prices fall (and if).Quote:
Originally Posted by Der Amf
ExactlyQuote:
Originally Posted by Omegamanic
Carpet baggers will bail out at the first tangible downturn.
You mean 15% off their peak not 15% of their peak. (That would be 85% off.)Quote:
Originally Posted by noTAGlove
Bubbles don't usually burst slowly.Quote:
Originally Posted by Chiefs
When prices start to fall people don't buy, they wait to buy cheaper.Quote:
Originally Posted by Der Amf
"Rolex have been undervalued for years". Depends what you mean by "value". They make nearly a million watches a year. At a cost of, what? Not more than a thousand pounds each.Quote:
Originally Posted by Mick P
"The best way to make money over the long term is to buy property, equities, fine art such as Rolex / PP."
Property, maybe. People need to live somewhere? But Veblen products? The Emperors's new clothes.