Has the Rolex bubble finally burst? Perhaps it has
Discussion
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.......
Somebody said:
OscarJ said:
mmm.......213000 for a 37mm Yachtmaster. Not in the UK, right?RMDB9 said:
Tony1963 said:
RMDB9 said:
Nauterlus
?Any other models that we could potentially see an uplift on? Perhaps something that hasn't been discontinued yet.
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 otherThere 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.
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 otherThere 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.
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)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.......
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!
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