Has the Rolex bubble finally burst? Perhaps it has

Has the Rolex bubble finally burst? Perhaps it has

Author
Discussion

Fckitdriveon

1,036 posts

89 months

Saturday 20th February 2021
quotequote all

I contributed to the first couple of pages on this thread back in 2019 when people were talking about the ‘inevitable’ crash, posting graphs and selling their entire collections before the back end fell out market, my info at the time was that although prices had softened (very slightly) nothing much had changed really and the market for rolex was still strong with no impending crisis looming,

Along comes covid but 16-18 months after this thread started .....what’s happened ?! Price have continued to rise......and seem set to continue rising.

I guess if all the people talking rubbish at the beginning of this thread keep it going long enough they could possibly be proved right.......


OscarJ

356 posts

171 months

Saturday 20th February 2021
quotequote all
Somebody said:
OscarJ said:


Not a bad selection at my local dealer. Actually amongst the 5 that are within 3km of me three of them get relatively good turnover of stock but two of them are baron. Regret not picking up the Air King they had a few months ago as I have quite wanted one for my son as a gift when he grows up.
mmm.......213000 for a 37mm Yachtmaster. Not in the UK, right?
Shanghai. Must be one of the most dense population of Rolex shops along a stretch of 3km road...

shopper150

1,576 posts

193 months

Saturday 20th February 2021
quotequote all
What models do people think will continue to rise in value?

RMDB9

1,711 posts

47 months

Saturday 20th February 2021
quotequote all
shopper150 said:
What models do people think will continue to rise in value?
Nauterlus

Tony1963

4,699 posts

161 months

Saturday 20th February 2021
quotequote all
RMDB9 said:
Nauterlus
?

RMDB9

1,711 posts

47 months

Saturday 20th February 2021
quotequote all
Tony1963 said:
RMDB9 said:
Nauterlus
?
Rise in value

shopper150

1,576 posts

193 months

Saturday 20th February 2021
quotequote all
RMDB9 said:
Tony1963 said:
RMDB9 said:
Nauterlus
?
Rise in value
I'd say we've missed the boat on the nautilus, I can't see grey market prices rising higher than they are currently.

Any other models that we could potentially see an uplift on? Perhaps something that hasn't been discontinued yet.

RMDB9

1,711 posts

47 months

Saturday 20th February 2021
quotequote all
Aquernat

LaurasOtherHalf

21,429 posts

195 months

Saturday 20th February 2021
quotequote all
RMDB9 said:
Aquernat

Saweep

6,593 posts

185 months

Saturday 20th February 2021
quotequote all
LaurasOtherHalf said:
RMDB9 said:
Aquernat
biggrin

wong

1,276 posts

215 months

Saturday 20th February 2021
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OscarJ said:
Shanghai. Must be one of the most dense population of Rolex shops along a stretch of 3km road...
You should see Hong Kong, Kowloon. 13 official Rolex dealers in Kowloon with 5 of those within 1 minute walk of each other
There are also at least 5 unofficial shops there as well selling (a much larger range of) second hand Rolex.
The reason.... no tax/VAT in HK compared to a luxury goods tax in China making a Rolex about double the retail price. Lots of Chinese people buy watches in HK and don't declare them on returning to China.

anonymous-user

53 months

Saturday 20th February 2021
quotequote all
wong said:
OscarJ said:
Shanghai. Must be one of the most dense population of Rolex shops along a stretch of 3km road...
You should see Hong Kong, Kowloon. 13 official Rolex dealers in Kowloon with 5 of those within 1 minute walk of each other
There are also at least 5 unofficial shops there as well selling (a much larger range of) second hand Rolex.
The reason.... no tax/VAT in HK compared to a luxury goods tax in China making a Rolex about double the retail price. Lots of Chinese people buy watches in HK and don't declare them on returning to China.
Crazy thing I found in Hong Kong is you can have a genuine Rolex AD then a couple of doors down a shop selling fakes!

rog007

5,748 posts

223 months

Saturday 20th February 2021
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ruprechtmonkeyboy said:
Crazy thing I found in Hong Kong is you can have a genuine Rolex AD then a couple of doors down a shop selling fakes!
Just got to hope you’ve not had a few drinks and get them the wrong way round! hehe

T6 vanman

3,056 posts

98 months

Sunday 21st February 2021
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shopper150 said:
What models do people think will continue to rise in value?
Just looked at the prices of Snoopy Omega's on Chrono24 woohoothumbup

shopper150

1,576 posts

193 months

Wednesday 10th March 2021
quotequote all
Is there a Rolex price increase on the horizon (i.e. first half of this year)?

Uncle John

4,271 posts

190 months

Wednesday 10th March 2021
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T6 vanman said:
shopper150 said:
What models do people think will continue to rise in value?
Just looked at the prices of Snoopy Omega's on Chrono24 woohoothumbup
Just read about Tintin Speedmasters going nuts.

Saweep

6,593 posts

185 months

Wednesday 10th March 2021
quotequote all
shopper150 said:
Is there a Rolex price increase on the horizon (i.e. first half of this year)?
Happened already I think

liner33

10,642 posts

201 months

Wednesday 10th March 2021
quotequote all
Saweep said:
shopper150 said:
Is there a Rolex price increase on the horizon (i.e. first half of this year)?
Happened already I think
If it did dont worry there will be another along in a minute wink

Zoon

6,654 posts

120 months

Wednesday 10th March 2021
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LaurasOtherHalf said:
It was for my nephew's 18th and he's pleased with it! I don't think it wears drastically bigger than the 39 looking at it but it's a very modern looking watch in a traditional design. Personally I think it's a success.
I was lucky to get a tenner in a card.

hungry_hog

2,190 posts

187 months

Saturday 13th March 2021
quotequote all
Fckitdriveon said:
I contributed to the first couple of pages on this thread back in 2019 when people were talking about the ‘inevitable’ crash, posting graphs and selling their entire collections before the back end fell out market, my info at the time was that although prices had softened (very slightly) nothing much had changed really and the market for rolex was still strong with no impending crisis looming,

Along comes covid but 16-18 months after this thread started .....what’s happened ?! Price have continued to rise......and seem set to continue rising.

I guess if all the people talking rubbish at the beginning of this thread keep it going long enough they could possibly be proved right.......
I think some people think if enough people reach a consensus view then the market will follow (cough cough football index)

With people not spending money on restaurants/pubs/travel/threatre, many have more to spend on watches and cars.

Combine that with the "only live once" mentality that's come of of COVID, market actually seems strong

Wishing I hadn't sold my Hulk but wasn't working at the time and 25% profit seemed a winner. Well out of reach now!