Yep, loads of BLNRs for £11,875-£14,950.
About five for £11,875-£11,975.
Maybe winter has come for Rolex sports models?
..Has not surprisingly crashed the website lol
I did manage to see a white dial Daytona on sale for £23k before the site crashed. Some will say I was dreaming or that I'm making it up, but it's true.
Plenty of BLNRs for under £12k too.
Yep, loads of BLNRs for £11,875-£14,950.
About five for £11,875-£11,975.
Maybe winter has come for Rolex sports models?
The SS Professional market has been turning for a little while but when Watchfinder pile in you know momentum is building. They have probably had an external stock audit and someone has panicked.
These pieces will find a solid support level still well in excess of the RRP though as the performance of Watchfinders website in the last 30 minutes testifies!
Interesting it's coming up to Christmas as well.Once they have sold them will they invest in new pieces at greater prices thus making the new customer happy with their purchase and fueling the market? Cynical..
Moi.
Sent from my E6653 using TZ-UK mobile app
Some disruptive price reductions there which will hopefully quickly filter down to 'flippers' on FB forums etc. BLNR, Sub Date, Deep Sea, Hulks all with sizeable reductions (from a ridiculous starting price I may add)
Their website crashing suggests the prices of some were a bit too cheap possibly, depending on what's left by the time the website's working again. £11.5k-£12.5k for a blnr seems the going rate, but not from a place like WF. Does this mean one on SC is now worth £10.5k, £11k?
I think someone at WF has just realised (or been told) there is a recession coming.
Quite an increase in the number of Rolex's being sold on SC recently too. I have wtb's for a number of pieces but have decided to hold off on any new purchases now and wait for the prices to hopefully drop.
Edit: when was the last time you saw the words 'Rolex' and 'sale' in the same sentence!
The bottom has dropped out no doubt, now the question is who wants to catch a falling knife
They have a lot in stock.....they were clearly holding back!
They even have a Hulk on sale!
Hold on, they've had loads of Rolex only sales before haven't they???
Some very weak auction results recently also, especially the Nautilus seems to have tanked completely, but Omega and Rolex barely reaching estimates too.
Couldn't care less about it.
A dealer who habitually charges well over the prevailing market pushes its prices too far, overstocks and then temporarily reduces prices to levels similar to competitors.
It highlights yet again what one individual company's pricing structure is about, but no more than that.
In other news, over on Furniture Forum members are discussing a massive depression in that market as DFS announces a Winter Sale. This follows the obvious warning signs of the company holding a successful Autumn Sale, innovative Summer Sale and traditional Spring Sale. Optimistic buyers looking for the rare black and blue orthopaedic recliner dare to predict there may even be a Spring Sale around the corner.
"These repeated sales are a clear sign that DFS has been failing continually for the last fifteen years," one concluded.
Last edited by Haywood_Milton; 19th November 2019 at 13:20.
It is only a percentage of their current stock that has been reduced. If it had been a wholesale reductions on every piece of stock, a lot of sellers and dealers would be taking note but with this limited sale it is more likely trying to kickstart the Christmas run in.
The reductions on the BLNR shows just how ludicrous their asking prices are on most of their stock and will be interesting to see how much of this reduced stock actually shifts over the next few days, which would be a good barometer on the current market.
For what it’s worth Watchfinder this week are still offering between £12k and £13k for a stickered up unused BLNR on jubilee.
Sent from my iPhone using Tapatalk
The Nautilus/Aquanaut and I would include Rolex sports are like Gucci loafers or Hermes/Vuitton belts, they all have a moment in the Sun with the luxury buyers but that fades, the buyers move on to the next exclusive and the loafers, Nautilus etc start to look at bit Naff.
Must haves, as dictated by the market or Instagrammers will be in hot demand because people are told they are hot but with Social media influences these demands can just as easily be extinguished. The power social media currently has within every marketplace is quite frightening and can pretty much kill a brand overnight if it wished.
Is it time to sell my Seiko collection for the impending crash which will allow me to pick up a 1680/16800 matte dial next year for £4K?
Some one email a link to AC3 please, he'll explode.....
You forgot the “mid-season” sale H!
A second email to say they have fixed the "Broken Website"...... but no they haven't , so i guess the interest is still there.
Our sale was so popular that it broke the website. Course it did🤣 PMSL
I mean this could all also just be a clever sales tactic. Watchfinder is so big that it can almost dictate the secondary market in the Uk at least. So if it keeps inflating prices, some will buy but a lot won't because the prices are so huge! But then they drop the prices to closer to what they should be and suddenly people will rush in and buy, probably at a higher rate than if they had just kept prices lower.
It is working now. No less that 3 white dial Daytonas at £23.9k reduced from around £26k but still not tempting me! Still available if anyone fancies it?
Interesting some of the BLNRs are being sold for less than they bought my 2014 model for in Sept...
Winter is coming!!!
Sent from my iPhone using Tapatalk
prices wont drop too low because all the people waiting for the reduced prices then jump on them ,that then creates the demand and the cycle starts again
I think that’s the consensus. A Batman at 12-13k from WF is a decent deal. A couple on there with Rolex warranty at that price and full sets...
Can’t really see the value dipping below 10-11k but who knows.
As a watch to own and enjoy, what’s a couple of grand here or there anyway?
Sent from my iPhone using Tapatalk
Not if people believe prices will continue to fall. Watches selling for well over list price us a strange situation that (logically) can’t last forever, if the perception that these watches are a sound investment changes tge market could fall sharply. This would be a good thing, the current situation is unhealthy for genuine watch enthusiasts and most watch fans would like to see an end to it.........except those who currently own one (or more) of these sacred items.
It’ll be interesting to see how it all pans out in 2020.
Market adjustment maybe, but no doubt it's going to pull a lot of people in
They have 14 116710 LN for sale.
They offered me £8.5K for mine 3 weeks ago.
Even the cheapest, with no papers, in the sale, will still make them money.
They just settle for less profit, which is what they were doing 5 years ago....
Would love to know when this cachet of Rolex started to grip watch buyers. Was certainly not prominent a number of years ago and doubt that many genuine watch enthusiasts were thinking along the lines of making a profit on their Rolex or that it was some kind of future investment. A single Rolex were bought by many to be there only watch and used through thick and thin, not to be babied or stored in a wardrobe with stickers attached and kept in delivery coffins to add value potential nonsense. Everyone now believes and certainly with sites like a Hodinkee feeding the craze, that every watch is going to be the next million dollar future hit. People who cannot afford to play the Art or housing market, moved into the more financially accessible watch market and have manipulated it and the general public into a perception that money just flows from this ever giving tree.
I remember an independent clothing outlet in Glasgow who used this tactic at Sale time, would mark up the original asking price by about 20/30%, then at sale time drop it down by 20/30% making it look like your we’re making a good saving when it fact you were paying full price. Funnily enough they ended up closing down.
I got the email this morning and said 210 now says 198 so sold some like. Was shocked for watchfinder batman 2018 £12875 Bi metal submariner blue kit 2019 £11350
To be straight here, I do not think a couple of years ago anyone was shouting out the Nautilus or Aquanaut as Modern classics but the market changed and suddenly these two inauspicious model from Patek took the spotlight. Whether they remain in the spotlight or continue with the surprising modern classic moniker, we will see.
The only thing that will end the daft trade well over list is Rolex turning the taps on at the factory and ending the shortage.
Same MO as the mob who had made - a few thousand cheap chronos and advertised them at £1000 in upmarket magazines for a few editions. Mags like BMW-specific mags, Mercedes-specific editions etc.......
Then 8 months later - they advertised at £450 - citing the original ads (which probably netted them zero sales)
They flew off the shelves, and only cost them £50.
(figures are representative, not necessarily accurate).
Interestingly, all though I’m relatively new on here, I’ve always seen Rolex as something to aspire to. Whether that aspiration was valid or not is questionable but it’s definitely been there for 20+ years.
During those 20 years, I probably wouldn’t count myself as a WIS. More someone with a strong interest. I bought a few ‘nice’ watches but even at the lower prices, Rolex were always out of my reach. Family growing up, mortgage to pay, etc, etc. Move forward to now and I have more disposable income and managed to buy my one and only Rolex, a Milgauss, from my local AD. I still see a Daytona as my own personal grail but it’s still out of my reach.
Personally, WF having a sale is still pretty inconsequential to me. £23k vs £26k.... it’s disposable income but not Monopoly money!
Sent from my iPad using Tapatalk
It's not a proper 'sale'.
Just a lessening of the premium to shift some stock at what is typically a slow part of the year.
When you look long into an abyss, the abyss looks long into you.........
There is no shortage as such. A quick search onChrono24 alone shows 564 unworn 116610's.
A few grey dealers I know have 5+ subs in stock. They are going straight from the ADs to grey dealers who then falsely inflate the prices.
I monitor multiple greys on social media and a few of them are sitting on items for weeks if not months. Regardless of what they would have you believe; watches are not flying off the shelves.