Has the Rolex bubble finally burst? Perhaps it has
Discussion
GT03ROB said:
So did anyone take any of the dealers up on their generous offer to buy now & collect later? Any developments from those that did?
I was called by WOS but told them that I would prefer to pay in store when they open , Wasnt really happy paying for something I cant have so I had a punt with the money and bought shares in the company instead win or lose, If they go up I will use the moneyIf they still want my business , if not Ill keep the shares, win win or lose who knows....
So said:
What did they say?
He rang me to offer me the Batgirl on condition that I paid in full and gave me 48hrs to think about it, however I was sure I put my name down for the pepsi so wasn't really into the whole deal ,any way he followed up with an email to confirm what we discussed over the phone, I thought about it for a few days but really didn't want the batman or to pay for something I cant have, so replied asking that If he can sort out the Pepsi I would be more than willing to go to the shop when they open and do it the old fashion way, see touch then pay...Im not bothered as I dont want a watch I dont like, he did get back and said he would at least put me on the right list...lets see
Dolf Stoppard said:
Calculator said:
Whilst they’re nice, they’re mass produced steel sports watches. I understand nervousness about wearing a Newman Daytona etc but worrying about keeping run of the mill models ‘stickered’ is laughable!
I can understand someone being worried about dinging a £15k Daytona. Most people would be upset if their £15k car got damaged, so why not a watch?Here’s the problem with the huge amount of stickered up Rolexes.
People perceive the value will sky rocket like old GMT’s, daytonas and subs. They think if they keep them mint they’ll be worth even more.
The reason these old watches have gained value is due to scarcity in the ‘supply & demand’ game.
People buy one of these new daytonas and think “imagine if I keep it mint in the box, it’ll be worth a fortune as Joe bloggs on antiques roadshow got £100k for an old GMT and it didn’t have stickers”
Trouble is there’s thousands of them mint in a box now and it’ll be nothing like finding an old survivor! You’re probably more likely to be amazed by a rolex that’s been well worn in years to come. The value of these things has created this false perception keeping them mint is the way to go whereas in reality we need 99/100 to be worn and battered for the 1% to be big ticket items. It doesn’t work the other way!
Another thing, they’re all new and ceramic which means they’ll look brand new for decades to come. The vintage market loves patina and faded inserts, where’s the character in a 30 year old mint in box ceramic Sub?
There’s also the problem that watches are so expensive nowadays and people stretch themselves on credit to buy them when they can’t ‘really’ afford to buy them to wear properly. This makes them baby the watches and keep them mint to protect their investment (understandable).
Crazy, but fair play to people making money off it I guess.
Modern Rolex look gawd-awful to me so it’s even more baffling people go mad and spend double rrp on a current model. Couldn’t give new rolex’ away years ago, now Instagram and the vintage world has created a ‘must have’ monster.
People perceive the value will sky rocket like old GMT’s, daytonas and subs. They think if they keep them mint they’ll be worth even more.
The reason these old watches have gained value is due to scarcity in the ‘supply & demand’ game.
People buy one of these new daytonas and think “imagine if I keep it mint in the box, it’ll be worth a fortune as Joe bloggs on antiques roadshow got £100k for an old GMT and it didn’t have stickers”
Trouble is there’s thousands of them mint in a box now and it’ll be nothing like finding an old survivor! You’re probably more likely to be amazed by a rolex that’s been well worn in years to come. The value of these things has created this false perception keeping them mint is the way to go whereas in reality we need 99/100 to be worn and battered for the 1% to be big ticket items. It doesn’t work the other way!
Another thing, they’re all new and ceramic which means they’ll look brand new for decades to come. The vintage market loves patina and faded inserts, where’s the character in a 30 year old mint in box ceramic Sub?
There’s also the problem that watches are so expensive nowadays and people stretch themselves on credit to buy them when they can’t ‘really’ afford to buy them to wear properly. This makes them baby the watches and keep them mint to protect their investment (understandable).
Crazy, but fair play to people making money off it I guess.
Modern Rolex look gawd-awful to me so it’s even more baffling people go mad and spend double rrp on a current model. Couldn’t give new rolex’ away years ago, now Instagram and the vintage world has created a ‘must have’ monster.
LaurasOtherHalf said:
I think I’ve listed them in a few threads, as I’ve often though about a “ask a watch flipper” thread for ages but suspect it would get me nothing but grief!
Obviously they aren’t all still in my possession as I don’t think you can realise profit until sold. Before this pandemic however, I was one watch away from having my entire collection being free.
Not that that was the ambition but it would have been a really nice end to the collection and quite an achievement. If nothing else it’s secured me against the market crashing, as long as rare sports models don’t drop below £2k each!
I dont understand all this - have you sold your watches or not?! And how many do you have left?Obviously they aren’t all still in my possession as I don’t think you can realise profit until sold. Before this pandemic however, I was one watch away from having my entire collection being free.
Not that that was the ambition but it would have been a really nice end to the collection and quite an achievement. If nothing else it’s secured me against the market crashing, as long as rare sports models don’t drop below £2k each!
RMDB9 said:
I was reading your post and read if a couple of times, but could not makes sense of it.
Is English not your first language?LaurasOtherHalf said:
Obviously they aren’t all still in my possession
I’ve sold some, kept some. Some are worn sparingly, others like my SD anniversary are worn almost every day.anonymous said:
[redacted]
It is kind of true LaurasOtherHalf, you keep saying how much profit you’ve made on your hobby on various threads etc because your Rolexes have risen in value, but if you haven’t sold the watches you haven’t actually made any money. 
In the same way if I buy a watch that loses value after buying it, I haven’t lost money on it. I’ve exchanged the money for the watch and it’s value makes no difference unless I’m selling it.
uncleluck said:
Here’s the problem with the huge amount of stickered up Rolexes.
People perceive the value will sky rocket like old GMT’s, daytonas and subs. They think if they keep them mint they’ll be worth even more.
The reason these old watches have gained value is due to scarcity in the ‘supply & demand’ game.
People buy one of these new daytonas and think “imagine if I keep it mint in the box, it’ll be worth a fortune as Joe bloggs on antiques roadshow got £100k for an old GMT and it didn’t have stickers”
Trouble is there’s thousands of them mint in a box now and it’ll be nothing like finding an old survivor! You’re probably more likely to be amazed by a rolex that’s been well worn in years to come. The value of these things has created this false perception keeping them mint is the way to go whereas in reality we need 99/100 to be worn and battered for the 1% to be big ticket items. It doesn’t work the other way!
Another thing, they’re all new and ceramic which means they’ll look brand new for decades to come. The vintage market loves patina and faded inserts, where’s the character in a 30 year old mint in box ceramic Sub?
There’s also the problem that watches are so expensive nowadays and people stretch themselves on credit to buy them when they can’t ‘really’ afford to buy them to wear properly. This makes them baby the watches and keep them mint to protect their investment (understandable).
Crazy, but fair play to people making money off it I guess.
Modern Rolex look gawd-awful to me so it’s even more baffling people go mad and spend double rrp on a current model. Couldn’t give new rolex’ away years ago, now Instagram and the vintage world has created a ‘must have’ monster.
Spot on post. Still miss my 1960's nipple dial GMT, my biggest regret I let that one go.People perceive the value will sky rocket like old GMT’s, daytonas and subs. They think if they keep them mint they’ll be worth even more.
The reason these old watches have gained value is due to scarcity in the ‘supply & demand’ game.
People buy one of these new daytonas and think “imagine if I keep it mint in the box, it’ll be worth a fortune as Joe bloggs on antiques roadshow got £100k for an old GMT and it didn’t have stickers”
Trouble is there’s thousands of them mint in a box now and it’ll be nothing like finding an old survivor! You’re probably more likely to be amazed by a rolex that’s been well worn in years to come. The value of these things has created this false perception keeping them mint is the way to go whereas in reality we need 99/100 to be worn and battered for the 1% to be big ticket items. It doesn’t work the other way!
Another thing, they’re all new and ceramic which means they’ll look brand new for decades to come. The vintage market loves patina and faded inserts, where’s the character in a 30 year old mint in box ceramic Sub?
There’s also the problem that watches are so expensive nowadays and people stretch themselves on credit to buy them when they can’t ‘really’ afford to buy them to wear properly. This makes them baby the watches and keep them mint to protect their investment (understandable).
Crazy, but fair play to people making money off it I guess.
Modern Rolex look gawd-awful to me so it’s even more baffling people go mad and spend double rrp on a current model. Couldn’t give new rolex’ away years ago, now Instagram and the vintage world has created a ‘must have’ monster.
El stovey said:
It is kind of true LaurasOtherHalf, you keep saying how much profit you’ve made on your hobby on various threads etc because your Rolexes have risen in value, but if you haven’t sold the watches you haven’t actually made any money.
I agree. As I said in my post, I’m only including what I’ve sold in those figures.God love the hype train and all who waste money on it
LaurasOtherHalf said:
El stovey said:
It is kind of true LaurasOtherHalf, you keep saying how much profit you’ve made on your hobby on various threads etc because your Rolexes have risen in value, but if you haven’t sold the watches you haven’t actually made any money.
I agree. As I said in my post, I’m only including what I’ve sold in those figures.God love the hype train and all who waste money on it
So said:
I really regret selling my '79 GMT "trousers" II now. It is probably worth more than the skinny 5 Sub.
I know, at the time I fell for the line that newer ones are better and got fed up with bracelet stretch on the vintage jubilee. Anyway I changed it for a Zenith Daytona so not all bad I guess, just have fond memories of the old one.LaurasOtherHalf said:
In fact the only other hobby I can think of that’s as good value is rare Porsche books. I’m starting to clear those out for 1:2 scale F1 mini helmets now though.
Completely off topic, but any idea of value on the 959 Lewandowski Art & Car book?? 👍🙂
Gassing Station | Watches | Top of Page | What's New | My Stuff