Has the Rolex bubble finally burst? Perhaps it has
Discussion
GilletteFan said:
Cool, so your son enjoys branded hand me downs. No surprises here. BTW, was your smart watch an Apple Watch in steel?
No need to divert. It's good you got in to watches during the hype. The cool kids have already enjoyed the fun and got out. Why don't you pay the 10+ year ago retaill price for a pre-owned 10+ year old watch that was bought at deep discount back then (what a rort), or wait 5 years for Rolex AD to give you the call (the desperation). How funny, I really see no reason I'd be "very angry".
Thanks for the cheap shots at my son you bell end, really so nice and grown up of you.No need to divert. It's good you got in to watches during the hype. The cool kids have already enjoyed the fun and got out. Why don't you pay the 10+ year ago retaill price for a pre-owned 10+ year old watch that was bought at deep discount back then (what a rort), or wait 5 years for Rolex AD to give you the call (the desperation). How funny, I really see no reason I'd be "very angry".
I think he likes the watch because it belonged to his dad, and it was bought for me by his mum when I got a big promotion.
You are very angry about something. It doesn't matter if I understand why, more important if you try and figure out why.
Edited by Deep on Sunday 2nd April 23:17
GilletteFan said:
Cool, so your son enjoys branded hand me downs. No surprises here. BTW, was your smart watch an Apple Watch in steel?
No need to divert. It's good you got in to watches during the hype. The cool kids have already enjoyed the fun and got out. Why don't you pay the 10+ year ago retaill price for a pre-owned 10+ year old watch that was bought at deep discount back then (what a rort), or wait 5 years for Rolex AD to give you the call (the desperation). How funny, I really see no reason I'd be "very angry".
Jesus.No need to divert. It's good you got in to watches during the hype. The cool kids have already enjoyed the fun and got out. Why don't you pay the 10+ year ago retaill price for a pre-owned 10+ year old watch that was bought at deep discount back then (what a rort), or wait 5 years for Rolex AD to give you the call (the desperation). How funny, I really see no reason I'd be "very angry".
z4RRSchris said:
posters split into:
people who owned rolexs pre 2019 - amused at bubble
people who bought post 2019 - and boast about no handjobs given to AD
people who havent bought - and are keen to give handjobs to their AD to buy a watch
everyone else - amused at this short term bubble
I find the fascination with Rolex and the pure desperation to get one endearing to be honest. I have seen people asking more than list price for DJ's and Presidents. These could be had 30-40% off minimum when I was foolish enough to care about watches. And don't get me started on AP RO and PP Nautilus models. These were also fairly easy to get not that long ago. Everyone I know who used to wear these watches have lost interest in watches with all the hype ruining collecting. What really gives me a laugh is paying 3,000 quid for a beat up Omega Seamaster older than the Global Financial Crisis. These things were dirt cheap back in the day. people who owned rolexs pre 2019 - amused at bubble
people who bought post 2019 - and boast about no handjobs given to AD
people who havent bought - and are keen to give handjobs to their AD to buy a watch
everyone else - amused at this short term bubble
Going off what I quoted, I learned it's all about giving the best handjobs to their AD now. IMO, I think this is a more respectful way to put it.
z4RRSchris said:
posters split into:
people who owned rolexs pre 2019 - amused at bubble
people who bought post 2019 - and boast about no handjobs given to AD
people who havent bought - and are keen to give handjobs to their AD to buy a watch
everyone else - amused at this short term bubble
No cry kneepads for the Rolex AD pilgrimmage...people who owned rolexs pre 2019 - amused at bubble
people who bought post 2019 - and boast about no handjobs given to AD
people who havent bought - and are keen to give handjobs to their AD to buy a watch
everyone else - amused at this short term bubble
https://www.reddit.com/r/WatchesCirclejerk/comment...
iphonedyou said:
No cry kneepads for the Rolex AD pilgrimmage...
https://www.reddit.com/r/WatchesCirclejerk/comment...
Neat reddit link. Saw some real avant-garde cutting edge posts. Will have to revisit Invicta. https://www.reddit.com/r/WatchesCirclejerk/comment...
Louis Balfour said:
Is that so. I am surprised.
I cannot help but think mechanical watches will at some point cease to be anything other than curios, though. But wearable tech will need to be self-charging.
Yes surprising to me too! But apparently it's an industry in decline - number of watches sold way down, but masked by cost per unit increasing over time.I cannot help but think mechanical watches will at some point cease to be anything other than curios, though. But wearable tech will need to be self-charging.
It's from the Morgan Stanley "state of the industry" annual report;
"After a steady decline in volume over the past 20 years, with exports reaching an all-time low of 13.8 million wristwatches in 2020, Swiss watch export volume continued to scrape the bottom. The industry exported only 15.8 million watches in 2022, representing an increase of just 49,000 units or 0.3% growth over 2021, whereas in 2000 Switzerland was still exporting 30 million watches per year. In other words, the number of Swiss watches exported has declined almost 50% over the last 23 years.
And the numbers conceal an even grimmer reality. Taking the MoonSwatch out of the equation, the drop in export volume would have been a decline of about 900,000 units compared to 2021. That’s based on our estimates of the MoonSwatch accounting for 950,000 units exported and 1,000,000 units sold globally in 2022.
The decline in volume is largely due to smartwatches, especially the Apple Watch, which have decimated the entry-level segment of Swiss watchmaking, excepting the tremendous success of the MoonSwatch."
Edited by simon800 on Monday 3rd April 13:35
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