Reply With QuoteUnlucky!
https://www.bloomberg.com/news/artic...and-patek-fallWatchfinder & Co., the online pre-owned watch-selling platform controlled by luxury conglomerate Richemont, has dropped prices by about 15% as valuations of used Rolex and other top models have declined.
“There is pain for sure,” Arjen van de Vall, who took over as the chief executive officer of Watchfinder in 2021, said in an interview. “You see supply going up significantly for models that we would literally have killed for just a couple of months before.”
Unlucky!
Thought the new platform they’re making is the most interesting part of that article. Almost 200 to list and 5% commission could make it interesting
“You see supply going up significantly for models that we would literally have killed for just a couple of months before.”
Would literally kill for a watch? What a truly crass thing to say!
I heard WF are no longer buying watches in, just taking pxs.
It'll have some way to fall yet. The demand for luxury watches as a watch and not an investment vehicle is pretty small. For many people the product was the increasing price. Same as crypto
Originally Posted by seabiscuit
It’s a figure of speech , nothing more.
People (like us) bought mechanical watches five or ten years ago. Perhaps pricing will drop back to MRP. Sadly a lot of MRPs of usual brands have escalated out of reasonable values. Omega now runs around the 8K and JLC etc. Not easy to find something below 4K unless a micro?
“ Ford... you're turning into a penguin. Stop it.” HHGTTG
It’s a stupid thing to say, nothing more.
https://y.yarn.co/b7540a5a-0826-4171...f4a70ef03e.mp4
Not sure about that, unless I misunderstood what you meant but there are plenty of mainstream / high street options below 4K.
Not true. A forum member I know just sold them a steel rolex signficantly above list just last week.
What's interesting to me is that some older watches seem to have fallen in value too, eg some 4 and 5-digit Rolexes, and these were not necessarily target acquisitions for the "new money" crowd. This suggests there's a wider economic impact on price not just investment as those variants of watches I would have thought were more typically bought by watch fans and the new models appealed to the social braggers and the buy it today, sell it tomorrow fast-buck crowd.
I can remember the days when an older model was worth more than the latest shop-window model and it was strange watching the tables turn. Maybe they'll revert once things settle as for the watch enthusiast there's a smaller marketplace for vintage than new once the luxury investors (who have affected availability of new watches for people that want one to wear) move on.
Ant
My bad (as they say). I meant the Omegas and the Breitling etc with in house movements pretty much doubled their retail. They used to be reachable brands not so long ago.
“ Ford... you're turning into a penguin. Stop it.” HHGTTG
Yes but what about this week? This info was on a very recent podcast IIRC
Hopefully the old school seadwellers drop back down to £3-4K.
#wishfullthinking
That’s true. Omega, Breitling and Rolex have pushed themselves out of that bracket but one can still get a Tudor or Longines with an inhouse(ish) movement for 2-3k. A few other options out there too. I guess there are just fewer options in that bracket now.
Lighten up.
Yep, but for some watch muggers I'm sure it'd be par for the course.
Prove it.
I have tested them out they don't buy, and one watch I did get a response back for was £2k under current trade offers I have had.
What is significantly above list vs current market value?
What a delicate flower.
WF not interested one bit in worn once Explorer II. Offered little over retail for Submariner.
Ask my mum after school.
I think some models are going back up, know in fact not think.
I wonder what the future will bring as with Rolex prices increase this year not mush is over list any way. A lot of normal gold item can be again below list.
But Daytona SS are rising agin that’s for sure.
She is still at mine.
Makes sense. She is a carer.
Brilliant !!!! :-)
Who does extra's, so worth a call at the prices they charge for care. Silver lining and all that.
Maybe when she's cleaning your backside with a J-Cloth, she could wipe away that unnecessary apostrophe for you.
So basically wf and I am sure others held on as long as they could hoping the market would shift. Makes sense.
It has not and in all likelihood will not for some time. As the investment potential counties to decrease people will look else where and hopefully we will get back to pre pandemic normality. Great for hobbyists.
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