Has the Rolex bubble finally burst? Perhaps it has
Discussion
si
800 said:
800 said: You can get a full set 15202st for around 30-40% less than they are suggesting as a current price…..
Article would be more helpful if they outlined what data point they are using (I.e dial colour, condition etc)
Yep. It's not accurateArticle would be more helpful if they outlined what data point they are using (I.e dial colour, condition etc)
When did A collected Man's asking prices become a reference point?
si800 said:
800 said: You can get a full set 15202st for around 30-40% less than they are suggesting as a current price…..
Article would be more helpful if they outlined what data point they are using (I.e dial colour, condition etc)
Yep, actual values seem high, but the shape of the 'graph' is supported by the subdial index.Article would be more helpful if they outlined what data point they are using (I.e dial colour, condition etc)
https://beta.subdial.co/market
MarkJS said:
kingkongsfinger said:
gbrown2014 said:
981SPYGANG said:
This will give you a good idea what it’s worth……..
https://www.watchcollecting.com/for-sale/2022-role...
They have had some ambitious reserves recently, lots unsold even over list which muddies the water when it comes to understanding where the market is . Sellers need a reality check.https://www.watchcollecting.com/for-sale/2022-role...
Cost my buyer around another £450 on top of the buyers fee.
As I said before, they are cheaper on there as no finance, no credit cards, and no liability from the auction house if it goes wrong.
I see a few sellers on there will only accept bank transfer which presumably means they won’t entertain escrow.
I’ve bid on a couple of high value watches and assumed, perhaps naively, that if successful I could jump in the car to the sellers office/home, see the watch is as described and then do the bank transfer there and then.
I can see that a private seller might not be comfortable with having a stranger in their house but should be normal for a trade seller no?
I’ve bid on a couple of high value watches and assumed, perhaps naively, that if successful I could jump in the car to the sellers office/home, see the watch is as described and then do the bank transfer there and then.
I can see that a private seller might not be comfortable with having a stranger in their house but should be normal for a trade seller no?
Tresco said:
I see a few sellers on there will only accept bank transfer which presumably means they won’t entertain escrow.
I’ve bid on a couple of high value watches and assumed, perhaps naively, that if successful I could jump in the car to the sellers office/home, see the watch is as described and then do the bank transfer there and then.
I can see that a private seller might not be comfortable with having a stranger in their house but should be normal for a trade seller no?
I wanted a bank transfer but the buyer was very reluctant, which I fully understand.I’ve bid on a couple of high value watches and assumed, perhaps naively, that if successful I could jump in the car to the sellers office/home, see the watch is as described and then do the bank transfer there and then.
I can see that a private seller might not be comfortable with having a stranger in their house but should be normal for a trade seller no?
The escrow transaction was fine. Buyer puts it in and cannot withdraw, and as soon as he received the watch and was happy, the funds were transferred immediately.
Under no circumstances was I offering collection from my home.
It suited me as a seller, but I wouldn't consider WC as a buyer.
Mariosbt said:
it must just be me, why does this paying way over the f#@k!ng odds thing even exist! Is this thread just full of impatient tw&ts that earn too much. … with the ‘I want one now’ attitude. Anyone that takes offence.. I apologise, I have had a REALLY s
t day at golf! 
With the way the economy is going though it will likely change soon
It’s a combination of demand being vastly higher than supply, fuelled by influencers waving their bling about and the age-old (mis)conception that you have to have a Rolex to prove you’ve made it in the world.
Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
troc said:
It’s a combination of demand being vastly higher than supply, fuelled by influencers waving their bling about and the age-old (mis)conception that you have to have a Rolex to prove you’ve made it in the world.
Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
Rolex marketing working perfectly then.Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
Mariosbt said:
it must just be me, why does this paying way over the f#@k!ng odds thing even exist! Is this thread just full of impatient tw&ts that earn too much. … with the ‘I want one now’ attitude. Anyone that takes offence.. I apologise, I have had a REALLY s
t day at golf! Like most desirable luxury goods demand exceeds supply, it really is that simple.
Human nature being what it is the desire for something that’s unobtainable is far greater than something that is freely available.
Throw in the fact that if bought at RRP from an AD it’s kinda difficult to lose too much on a Rolex/it’s a reasonable investment (unlike most other brands) and Robert is your Dad’s brother.
Mariosbt said:
it must just be me, why does this paying way over the f#@k!ng odds thing even exist! Is this thread just full of impatient tw&ts that earn too much. … with the ‘I want one now’ attitude. Anyone that takes offence.. I apologise, I have had a REALLY s
t day at golf! They decide they want a Rolex Daytona for whatever reason (always wanted one, or want to dick wave, whatever - everyone has their own motivations).
They go along to their Rolex AD and are sneered at by a 22 year old on £25k a year who tells them the only way they can get one is to buy £100k worth of stuff they don't want and even then they might or might not ever get one, with no idea of any form of timescale.
So they go along to a grey dealer and just pay £15k over list and voila they have the watch they want.
Saves them messing about with sales assistants, saves them time (after all time is money), saves them spending £100k on stuff they definitely don't want. And they get the watch they want, and paying overs has no material impact on their life.
I'd struggle to see why a person in that situation would do it any other way TBH.
I finally got back in touch with my Rolex AD lately and he told me of a guy who spent £250k on stuff at Goldsmiths that he didn't want, just to get a Meteorite Dial GMT Master. Included spending £40k on a Hublot, which knowing Hublot was probably worth £20k if he wanted to sell it. It completely blows my mind that person WOULDN'T just pay overs and get what he wanted for WAY less outlay than going the official route.....
I get that it may not be what you would do in your present situation etc, but everyone is different.
si800 said:
800 said: They go along to their Rolex AD and are sneered at by a 22 year old on £25k a year who tells them the only way they can get one is to buy £100k worth of stuff they don't want and even then they might or might not ever get one, with no idea of any form of timescale.
So they go along to a grey dealer and just pay £15k over list and voila they have the watch they want.
Saves them messing about with sales assistants, saves them time (after all time is money), saves them spending £100k on stuff they definitely don't want. And they get the watch they want, and paying overs has no material impact on their life.
I do exactly this and pay roughly 10 to 30% more than retail for watches I want. Always in an 'as new/never worn' condition. I have only one dealer that I use, I trust him and he trusts me. It works very well.So they go along to a grey dealer and just pay £15k over list and voila they have the watch they want.
Saves them messing about with sales assistants, saves them time (after all time is money), saves them spending £100k on stuff they definitely don't want. And they get the watch they want, and paying overs has no material impact on their life.
I buy to wear. Not as investment. Ever.
troc said:
It’s a combination of demand being vastly higher than supply, fuelled by influencers waving their bling about and the age-old (mis)conception that you have to have a Rolex to prove you’ve made it in the world.
Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
Rolex marketing working perfectly then.Essentially Rolex caused this by their massive global advertising over the last couple of decades.
People have become conditioned to believe that a Rolex is a necessary part of their lifestyle, together with a BMW or Audi on PCP and a house they can’t afford.
Maybe I’m just an old curmudgeon, or an overpaid elitist or whatever but when I last went watch shopping, it was obvious to me that I could get vastly more interesting watches for the same cost as a pre-owned Rolex.
I don’t own a Rolex, not because I couldn’t afford one but entirely because I don’t think they are worth the over-inflated costs.
Mariosbt said:
DoubleSix said:
Same, quite happy to pay 5-10% overs if it avoids any sort of AD interaction.
Nauseating places ime.
5-10%seems a bit ambitious unless you are going for an older worn model. Unworn new in box is totally different. Nauseating places ime.
My last purchase was an unworn 2021 RG YM40 126655 ( I only buy unworn, box, papers etc)
I paid 5% over list on the grey, although I accept the market has kept ticking up since then. One might also sensibly observe that PM refs never really sold at RRP anyway, so are equally inflated in that sense. But for me, psychologically, it’s gotta be close to RRP or im oot…
Edited by DoubleSix on Monday 4th July 15:10
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