Has the Rolex bubble finally burst? Perhaps it has
Discussion
911Thrasher said:
LaurasOtherHalf said:
Gold has shot up, why wouldn’t other commodities?
You could see that Coronavirus actually increases prices.
Brent/WTI, API4, EUA have all tanked in the past days - commodities is a wide wordYou could see that Coronavirus actually increases prices.
Who knows, if Coronavirus bumps off all the old baby boomers we’ll see a transfer of wealth to a younger generation who’ll maybe go and spend it on watches escalating prices further
LaurasOtherHalf said:
I get you, but we both know the games being played that caused that.
Who knows, if Coronavirus bumps off all the old baby boomers we’ll see a transfer of wealth to a younger generation who’ll maybe go and spend it on watches escalating prices further
On the first point...Who knows, if Coronavirus bumps off all the old baby boomers we’ll see a transfer of wealth to a younger generation who’ll maybe go and spend it on watches escalating prices further
And this time it does involve the Russians....
On the second...
Something to cheer me up at the graveside...
Edited by r159 on Tuesday 10th March 16:02
Certainly a correction going on:
Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
Rolex will not have a problem selling it's watches.... Only the secondary dealers will have difficulty selling at a premium.
If everyone who wants a Rolex (a true buyer/owner not a flipper) could buy at retail price, then there wouldn't be any stock left for grey's to buy anyway.
The only people who are going to get burnt are the grey's, the people who bought at premium and all the people who have over stretched themselves financially to buy a Rolex thinking it would go up in value as an investment.
Anyone who pays premium for a current release Rolex is just crazy.... This is such a first world problem.
Rolex themselves, have nothing to worry about.
If everyone who wants a Rolex (a true buyer/owner not a flipper) could buy at retail price, then there wouldn't be any stock left for grey's to buy anyway.
The only people who are going to get burnt are the grey's, the people who bought at premium and all the people who have over stretched themselves financially to buy a Rolex thinking it would go up in value as an investment.
Anyone who pays premium for a current release Rolex is just crazy.... This is such a first world problem.
Rolex themselves, have nothing to worry about.
Ninjin said:
Tony1963 said:
Three abuses of the apostrophe in one post. Wow.
Haha. I apologise. English language wasn't my forte at school, come to think of it, nor was any other subject... 
It just goes to show that the Watched sub-forum is the friendliest part of PistonHeads.
Crackedwinscreen said:
Certainly a correction going on:
Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
Blimey, I hope they haven't dropped that much in the last week, they offered me £12k for my GMT 2 Pepsi two weeks ago!! Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
Zoon said:
No date Submariners up for the best part of £10k on watchfinder.
Madness
But when you respected dealers selling 2019 no dates for less than 8k and making a profit, the WF asking price looks crazy and doesn't reflect what they paid for it which will be less than or around 6k....Madness
https://www.hackettwatches.com/watch/2019-submarin...
Edited by Wills2 on Friday 13th March 21:26
OFORBES said:
Crackedwinscreen said:
Certainly a correction going on:
Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
Blimey, I hope they haven't dropped that much in the last week, they offered me £12k for my GMT 2 Pepsi two weeks ago!! Watchfinder bid for the new GMT 2 Pepsi on the jubilee bracelet, all papers and boxes: £12.5k two months ago.
Today’s bid on the same watch £8750.
Watchfinder are still asking £16+k for the watch on their website so they are either very overstocked or anticipate a significant price correction to come. I appreciate they are at the ridiculous end of the price spectrum.
Rolex will need to place the 800k watches they produce a year somewhere, perhaps the Far East allocations are being redistributed. Obviously COVID-19 is not going to help. I see the ceramic models dropping down to much more sustainable levels with most available in the used market for a little over list in the months to come.
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