Reply With QuoteI've just checked and it looks like the auction ended at £15,100 without meeting reserve?Originally Posted by Hood
I understand that China has just 'opened up' so to speak, so could see a spike in demand which could have an impact on things?
I also can't really see any modern all steel Rolex being available at less than RRP.
I've just checked and it looks like the auction ended at £15,100 without meeting reserve?
Yep, these people who watched the climb from December and fuelled it by buying higher and higher are now holding the baby…..
I work with a couple of guys who think they’re “experts” and both have paid massively overs on a couple of domed bezel Datejusts on Oyster and now can’t unload them without losing money they never had to start with, all because of Facebook, Instagram, Chrono24 app etc. I told them both not to get involved unless they could buy at list.
Last edited by RJM25R; 18th July 2022 at 18:59.
Prices are definitely on the slide but a lot of sellers will still hold out for peak prices until the reality sinks in. It usually takes a few months to get past the denial stage.
I reckon that Christmas will be a good time to treat yourself to a nice little pressie.
They’ve got a long way to slide when a £4700 OP was selling on Chronext a few weeks ago for £20k. Even if today it’s £14k that’s an insane mark up
We’ll see.
Even if tomorrow it’s £10k, 9k, 7k or even 6k the hype train keeps on running and won’t stop any time soon…..
Remember there are scalpers/hypebeasts buying trainers/sneakers and Moonswatch’s to sell at £100 profit so Rolex with potentially £500-£10,000 profits are not going to suddenly stop being hyped/scalped…….
Posting Permissions