Has the Rolex bubble finally burst? Perhaps it has
Discussion
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.
Yup could not agree more.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.
https://usa.watchpro.com/rolex-patek-philippe-and-...
Probably just an AD talking his own book but may be of interest to some here.
Probably just an AD talking his own book but may be of interest to some here.
GC8 said:
harleywilma said:
ound like a lifetime all things considered at the moment ,Stuck £20k on airpartners plc in march cashed out this friday, work that out ! I prefer to wear a watch as intended...
Wow. I wish that I could be more like you. You're great.crispyshark said:
Got the email this morning from WoS about collecting the SS Sub Date I purchased during lockdown. Appointment will be made this week for me to collect the watch as soon as they reopen. They seem to think it will be around the 15th.
Something that has been worth waiting for! ??
Snap! Get to collect my Batgirl! Can’t wait!!Something that has been worth waiting for! ??
Wilmslowboy said:
One of these beauties just sold off a 911 forum, in little over 24 hours.
2019 - Unworn, box, papers - £9,500 (c22% above list)
Shows there is still strong demand at the right prices.
Many advertised at 30% higher than the price this sold.
That’s very cheap though to be fair giving what they’re were going for before Corona 2019 - Unworn, box, papers - £9,500 (c22% above list)
Shows there is still strong demand at the right prices.
Many advertised at 30% higher than the price this sold.
LaurasOtherHalf said:
EX51GE R said:
I've just bought both the polar and the black faced version 
I like the polar for it's simplicity to read, it's one of Rolex' best dials in my opinion but the black has the historical nod with the orange hand.Maybe I should get a black as well
I bought a brand new white dial Exploer 2 back in 2006. They were selling for £2,500 at the time, but I flew to Geneva to buy it and got it for £2,000. I actually bought it for my unborn son at the time, to give to him when he is 18 or 21, my father had just passed away and left me a little bit of money, so bought it to remember him by, and to pass on.
Any idea what this model is worth now?
Any idea what this model is worth now?
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