we all hate Rolex price threads BUT ffs when will it end now biggest month increase

[boring_sandwich]

I’m not so sure, I’d imagine most people who are willing to pay way over the odds to avoid a waiting list have money to burn. To use credit for that would be insane. More likely average earners would just buy another brand who actually have watches in their showrooms, there are plenty to choose from.

I disagree, I think the type of person who would be willing to pay way over the odds for flexing and bragging rights are the ones who would use cheap credit to buy it. You only need to look at the numerous Facebook/ instagram posts to see it.

They are also the kind of person who lease an expensive car to have on the drive to impress the neighbours yet struggle to afford to put the fuel in it!

Maybe I am completely wrong but I know personally a few people like the aforementioned.

[RAJEN]

A lot of rather idiotic assumptions about ‘average’ Rolex owner. It is a heterogenous group. Most Rolex owners I know are quite comfortably off. I know some think they sound smart and informed when they put down Rolex as not being up there
in terms of ultimate luxury but the truth is a lot of rich people own and wear Rolex. Number of ‘well off’ people who own one of the Holy Trinity or the seriously expensive boutique brands is still quite small compared to those who buy Rolex. A lot of them are not WIS and equate Rolex with quality and luxury. Rightly or wrongly. It might have to do with successful marketing but it is what it is.

[Mick P]

I disagree, I think the type of person who would be willing to pay way over the odds for flexing and bragging rights are the ones who would use cheap credit to buy it. You only need to look at the numerous Facebook/ instagram posts to see it.

They are also the kind of person who lease an expensive car to have on the drive to impress the neighbours yet struggle to afford to put the fuel in it!

Maybe I am completely wrong but I know personally a few people like the aforementioned.

Yes there has always been this type of person around but when the central heating boiler conks out, the Rolex goes up for sale as a distress purchase. These are the easy targets to buy from.

[ryanb741]

If you are in debt high inflation is a nice way of eroding that debt in real terms assuming your earnings increase in line with inflation which in a candidate's market they should do (else you'd just change employer).

[Mick P]

If you are in debt high inflation is a nice way of eroding that debt in real terms assuming your earnings increase in line with inflation which in a candidate's market they should do (else you'd just change employer).

Yes if the loans come from a bank or building society then fine. Even in times of high inflation (1970s and 1980s) anyone who borrowed heavily on a credit card was basically regarded as a total idiot.

The only time a credit card pays is when you clear the debt every month.

[Itsguy]

I disagree, I think the type of person who would be willing to pay way over the odds for flexing and bragging rights are the ones who would use cheap credit to buy it. You only need to look at the numerous Facebook/ instagram posts to see it.

They are also the kind of person who lease an expensive car to have on the drive to impress the neighbours yet struggle to afford to put the fuel in it!

Maybe I am completely wrong but I know personally a few people like the aforementioned.

I have literally never met anyone like that in my life. I’ll take your word for it that they exist, but the whole idea is a mystery to me.

[matt]

I have literally never met anyone like that in my life.

You lucky bastard !



No, no sarcasm here, I really enyv you.

[adg31]

Yes if the loans come from a bank or building society then fine. Even in times of high inflation (1970s and 1980s) anyone who borrowed heavily on a credit card was basically regarded as a total idiot.

The only time a credit card pays is when you clear the debt every month.

I would probably extend the definition of total idiot to include anyone who puts themselves in debt simply to buy a current production mass market watch - or any other non-essential luxury item.


Sent from my iPhone using Tapatalk

[Chris_in_the_UK]

A lot of rather idiotic assumptions about ‘average’ Rolex owner. It is a heterogenous group. Most Rolex owners I know are quite comfortably off. I know some think they sound smart and informed when they put down Rolex as not being up there
in terms of ultimate luxury but the truth is a lot of rich people own and wear Rolex. Number of ‘well off’ people who own one of the Holy Trinity or the seriously expensive boutique brands is still quite small compared to those who buy Rolex. A lot of them are not WIS and equate Rolex with quality and luxury. Rightly or wrongly. It might have to do with successful marketing but it is what it is.

You do realise you are wasting your time?

[Wallasey Runner]

This one shocked me tonight.

https://www.watches.co.uk/audemars-p...a-thin/AP2001P

Last time I looked at one of those it was was about £26k - where did that extra £100k come from…

[Snowdon]

My friend bought an unworn 2020 watch in March 2020 in Hong Kong for 32k.

I really like it and think I prefer it to the steel skeleton in many ways

[Gareth-W]

This one shocked me tonight.

https://www.watches.co.uk/audemars-p...a-thin/AP2001P

Last time I looked at one of those it was was about £26k - where did that extra £100k come from…

Assume you last looked in 2016?

Lot changed in that time chap, including its 50th anniversary this year and being discontinued too. Oh, and the market being a tad “warm”

[J J Carter]

More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic.

While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found.

5 million new millionaires chasing an annual production of 1 million Rolex. Less if you discount the Cellini nobody wants.

https://www.bbc.co.uk/news/business-57575077

[Passenger]

'This time next year Rodney we'll be millionaires'...AND still unable to buy a poxy Rolex

[wileeeeeey]

'This time next year Rodney we'll be millionaires'...AND still unable to buy a poxy Rolex

Careful, Alan Sugar will start crying on Twitter again that he can’t buy a BLNR.

[Itsguy]

More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic.

While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found.

5 million new millionaires chasing an annual production of 1 million Rolex. Less if you discount the Cellini nobody wants.

https://www.bbc.co.uk/news/business-57575077

Exactly - the Swiss watch market was designed for a completely different world, and that applies even more to the quantity of vintage models.

This one shocked me tonight.

https://www.watches.co.uk/audemars-p...a-thin/AP2001P

Last time I looked at one of those it was was about £26k - where did that extra £100k come from…

Try this one: https://chrono24.app/patekphilippe/p...GB&SETCURR=GBP
Or maybe: https://chrono24.app/patekphilippe/p...GB&SETCURR=GBP

PS - after 14 pages, I think we can conclude that Rolex price threads are wildly popular ;-)

[Passenger]

Careful, Alan Sugar will start crying on Twitter again that he can’t buy a BLNR.

hAHAHA very funny/ so true, Wileeeeeey.

[J J Carter]

The majority of people buying high-end watches and other assets are simply responding to seeing capricious, socialist governments, such as in Canada, helping themselves to 'money' held in people's bank accounts.

[robert75]

The majority of people buying high-end watches and other assets are simply responding to seeing capricious, socialist governments, such as in Canada, helping themselves to 'money' held in people's bank accounts.

Love it

Rolex shortage?

Blame those communist Canadians

[donsaini]

Well it seems that there are actually some new watches out there. I got 'the call' (email) last night to tell me that a BLRO on oyster had just come in and it was mine if I wanted it.
When I expressed an interest (three months ago) for this it was for one on a Jubilee, but I'm not going to turn it down for that... thinking that I could just buy a replacement Jubilee for it. SA said that Rolex had put a two year ban on ordering bracelets as the demand is so high.

I'm guessing I'll still have to go to the secondary market for that. What does a new Jubilee command these days?

I thought you can buy an oyster for an original jubilee but not the other way round. Or have I made all this up in my head?


Sent from my iPhone using TZ-UK mobile app

[Jon Kenney]

I thought you can buy an oyster for an original jubilee but not the other way round. Or have I made all this up in my head?


Sent from my iPhone using TZ-UK mobile app

Dunno, but I have no reason to doubt what my new bezzy mate told me

I'll happily give it time on the oyster. If I don't bond well with it there's always someone on here that'll swap it.

As I've paid for it in full, it is packed away in its coffin box at the back of the safe. I've been assured that it won't be on display.

[Dave+63]

More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic.

While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found.

5 million new millionaires chasing an annual production of 1 million Rolex. Less if you discount the Cellini nobody wants.

https://www.bbc.co.uk/news/business-57575077

Many of those will be paper millionaires due to the increase in value of their home over the last eighteen months.

In terms of actually having disposable income then, like everyone else at the moment, that pot is rapidly reducing so buying any luxury goods will require more, not less, consideration.

[doctorj]

I have literally never met anyone like that in my life. I’ll take your word for it that they exist, but the whole idea is a mystery to me.

I used to know a guy in work who was probably on around £75k, but spent money like water. Had a new Merc convertible on the drip, but the most remarkable thing for me was when he bought a t-shirt at £400 when all he had to do was wait 6 weeks and he'd have got it half price. He never wore a watch, mind.

[Itsguy]

I used to know a guy in work who was probably on around £75k, but spent money like water. Had a new Merc convertible on the drip, but the most remarkable thing for me was when he bought a t-shirt at £400 when all he had to do was wait 6 weeks and he'd have got it half price. He never wore a watch, mind.

Equally remarkable would have been spending £200 on a t-shirt six weeks later.

[Passenger]

Equally remarkable would have been spending £200 on a t-shirt six weeks later.

A fool and his money.

[Passenger]

Many of those will be paper millionaires due to the increase in value of their home over the last eighteen months.

In terms of actually having disposable income then, like everyone else at the moment, that pot is rapidly reducing so buying any luxury goods will require more, not less, consideration.

I won't be surprised if we don't start hearing the R word again, not Rolex, the other R word.

[Rev-O]

A fool and his money.

English is my mother's second language and she often mangles maxims. On her lips this proverb became "A fool and his money are some party."

I still laugh at that.

(Also: "I wouldn't trust him with a bargepole" and, to a woman, "It's time to shut up and put out." Oh, and "I feel like death rolled up." Loads more where those came from.)

[Passenger]

English is my mother's second language and she often mangles maxims. On her lips this proverb became "A fool and his money are some party."

I still laugh at that.

(Also: "I wouldn't trust him with a bargepole" and, to a woman, "It's time to shut up and put out." Oh, and "I feel like death rolled up." Loads more where those came from.)

Haha very good, I like a mangled maxim.

[100thmonkey]

Sent from my iPhone using Tapatalk

[blackal]

Haha very good, I like a mangled maxim.

Is that the new name for "Mixed metaphor"?

I always liked: "It ain't rocket surgery!"

[Haywood_Milton]

While I cannot confirm it, little birds may whisper that production has been halted or slowed while problems with some new movements are sorted out.



The absence of any other explanation for low levels of stock may support such an explanation.

If it is correct, one might imagine that it would ultimately be sorted out and stocks rebuilt, although it would take a considerable time for demand to be met. One might then anticipate a soft landing for secondary prices.

[Hood]

While I cannot confirm it, little birds may whisper that production has been halted or slowed while problems with some new movements are sorted out.



The absence of any other explanation for low levels of stock may support such an explanation.

If it is correct, one might imagine that it would ultimately be sorted out and stocks rebuilt, although it would take a considerable time for demand to be met. One might then anticipate a soft landing for secondary prices.

50K Steel Daytona's here we come.

[100thmonkey]

It crossed my mind that in the future you could make a reality to program where every week they follow someone to collect their `Rolex and then sell it on such will be the novelty.

[Ruggertech]

It crossed my mind that in the future you could make a reality to program where every week they follow someone to collect their `Rolex and then sell it on such will be the novelty.

They wouldn't be able to depict the graphic nature of the getting on the list requirements.

[boring_sandwich]

Its happening!

[wileeeeeey]

Its happening!

Calm down dear

[Boss13]

Calm down dear

+1

[Gareth-W]

Calm down dear

+ 2

(He’s all over TRF spouting more unsubstantiated nonsense too…)

[boring_sandwich]

+ 2

(He’s all over TRF spouting more unsubstantiated nonsense too…)

It isn't nonsense though as I am sure you know?

Anyway good luck with continuing to talk prices up when the opposite is happening!

[Sinnlover]

It isn't nonsense though as I am sure you know?

So what if prices drop? So what if they don’t?
It’s only a problem if you have too much skin in the game and you stand to lose more than you are prepared too
Is it going to cause a problem for you? If yes - sell now, if not - as you were then!

[boring_sandwich]

So what if prices drop? So what if they don’t?
It’s only a problem if you have too much skin in the game and you stand to lose more than you are prepared too
Is it going to cause a problem for you? If yes sell now, if not so what?

Makes no difference to me if prices were to increase or go down.

I do think however it would be better for everyone if prices were not so over inflated.

[Sinnlover]

I do think however it would be better for everyone if prices were not so over inflated.

Why?

(I say that as someone that has no interest in owning a Rolex watch)

[boring_sandwich]

Why?

The people that want to own them and haven't been able to obtain them from AD's so have had to pay vastly inflated prices for a start.

[Sinnlover]

The people that want to own them and haven't been able to obtain them from AD's so have had to pay vastly inflated prices for a start.

I would like an AC Cobra but can’t afford one, there are always going to be things out of reach. I am sure people that want a Rolex but find the current prices too high have moved on to other things.
Alternatively they could play the stupid AD games and wait. Either way they are not going to get a Rolex any time soon as they are not making enough them. If in the future supply exceeds demand then you will see a big price drop, but not until then.

I think the fat is being been trimmed on the prices, with a bit more to come but I don’t think there will be a crash.

[wileeeeeey]

+ 2

(He’s all over TRF spouting more unsubstantiated nonsense too…)

Just went for a look. The disbelievers comment did give me a laugh.

[boring_sandwich]

Just went for a look. The disbelievers comment did give me a laugh.

At least we can be grateful that threads are not being closed as is happening on TRF when price corrections/ drops are mentioned.

Makes you wonder if its anything to do with the grey dealers that sponsor or advertise wanting it closed down!

[Hood]

At least we can be grateful that threads are not being closed as is happening on TRF when price corrections/ drops are mentioned.

Makes you wonder if its anything to do with the grey dealers that sponsor or advertise wanting it closed down!

You sad clown
I realised you have been attempting a one man panic show about prices on here but hadn't thought it was internet wide.

[shoppy]

The people that want to own them and haven't been able to obtain them from AD's so have had to pay vastly inflated prices for a start.

I have to say I am not sure how valid that statement is, if you really want a watch you simply buy at an AD; waiting is part of the charm. If you want one now and can't wait then its your choice to go to a grey dealer and purchase at the said price. Some have more disposable income, so they can do so and more power to them.

[RJM25R]

I think the fat is being been trimmed on the prices, with a bit more to come but I don’t think there will be a crash.

This is accurate.

The prices have gone from “Ludicrous” to “Faintly ridiculous”

A crash would be if they dropped to retail/below.

[Gareth-W]

You sad clown
I realised you have been attempting a one man panic show about prices on here but hadn't thought it was internet wide.

Exactly this.

And his assertion that TRF site owners would close threads due to "sponsor pressure" is, again, an example of his delusional outlook. I have been around on forums long enough (including as a site sponsor for many years) to know that forum owners do not/will not bow to any perceived sponsor pressure at all and in case of TRF it is simply because there is a specific rule (that the Moderators have re-posted of late) that states the following;

THIS IS A ROLEX WATCH DISCUSSION FORUM AND NOT A PRICE OR INVESTMENT OR DISCOUNT DISCUSSION FORUM SO IF YOU HAVE A QUERY REGARDING PRICES, INVESTMENTS OR DISCOUNTS THEN MAKE YOUR OWN PERSONAL ENQUIRIES AND INVESTIGATIONS AND DO NOT POST THOSE ISSUES HERE.