That call from Rolex

[Sy1441]

So got the call yesterday that one of the watches I've got on order is available for me, the 40mm Ever-rose Yachtmaster on the Oysterflex. I only went in to order a datejust for my wife's 40th a few months back and ended up putting my name down for 3 watches for myself lol. What's the market like on these at the moment, I'm not buying it to flip it but also keen that it's not going to drop like a stone.

[philcray]

After years of unavailability, this forum now seems to be awash with people getting "the call" for a Rolex, read into that what you will for the potential effect on prices in the grey market....

[Jamescrs]

You arent likely to lose money on ot buying for RRP from an AD. I would say in the current market dont expect it to be worth multiples of what you pay for it but if you do have to get out of it for whatever reason on the future you should see your money back.

[SDarks]

Lovely watch congrats.

Currently they are selling above RRP but not that long ago they were about £4k under and they were slower to pick up than the SS models when the market boomed.

if you can't stomach a 20% loss if things go t*ts up then proceed with caution.

[philcray]

History has shown that anything in gold or with diamonds & bling is likely to depreciate like a stone. The safest bets are always going to be the SS sports watches where less is more and the demand has been there for many years, not just the last 3 years of pandemic mania....

[simong800]

Pre owned Rolex market is tanking, a serious case of mean reversion underway by the look of it.

PM Rolexes were readily offered with no wait time and a discount, until the pandemic.

If I was you I'd only be buying it if prepared to lose 50%. Not saying it would lose 50%, but if you can't stomach the possibility of a 50% drop then avoid.

[That_White_GT3]

si800 said:

Pre owned Rolex market is tanking, a serious case of mean reversion underway by the look of it.

PM Rolexes were readily offered with no wait time and a discount, until the pandemic.

If I was you I'd only be buying it if prepared to lose 50%. Not saying it would lose 50%, but if you can't stomach the possibility of a 50% drop then avoid.

I think tanking might be a little bit dramatic… longer term yes a correction is due but I wouldn’t say anyones watches have tanked as of yet…

[The Moose]

That_White_GT3 said:

si800 said:

Pre owned Rolex market is tanking, a serious case of mean reversion underway by the look of it.

PM Rolexes were readily offered with no wait time and a discount, until the pandemic.

If I was you I'd only be buying it if prepared to lose 50%. Not saying it would lose 50%, but if you can't stomach the possibility of a 50% drop then avoid.

I think tanking might be a little bit dramatic… longer term yes a correction is due but I wouldn’t say anyones watches have tanked as of yet…

Steel Panda Daytona down approx 20% here.

[simong800]

That_White_GT3 said:

I think tanking might be a little bit dramatic… longer term yes a correction is due but I wouldn’t say anyones watches have tanked as of yet…

If the stock market dropped 20-30% I'd say it has tanked, and we've certainly seen drops in that range for some of the "hot" pieces.....

[Deep]

SDarks said:

Lovely watch congrats.

Currently they are selling above RRP but not that long ago they were about £4k under and they were slower to pick up than the SS models when the market boomed.

if you can't stomach a 20% loss if things go t*ts up then proceed with caution.

Agree. These were in the shop window up until early last year and then selling for below rrp
The grey market is definitely tanking and I suspect these kinds of watches that only recently became in demand will be very much affected.

I wouldn't buy this watch if resale value is important

[That_White_GT3]

The Moose said:

Steel Panda Daytona down approx 20% here.

The watch is up about what 3-400% over rrp - I’d hardly say 20% down was tanking. Still a long way to go.

[The Moose]

That_White_GT3 said:

The Moose said:

Steel Panda Daytona down approx 20% here.

The watch is up about what 3-400% over rrp - I’d hardly say 20% down was tanking. Still a long way to go.

Gone from a correction to a bear market. It's all about which end of the telescope you look down. If you bought at RRP you wouldn't call it a correction. If you bought at the top, you may.

[Carl_Manchester]

Sy1441 said:

So got the call yesterday that one of the watches I've got on order is available for me, the 40mm Ever-rose Yachtmaster on the Oysterflex. I only went in to order a datejust for my wife's 40th a few months back and ended up putting my name down for 3 watches for myself lol. What's the market like on these at the moment, I'm not buying it to flip it but also keen that it's not going to drop like a stone.

Market is great, it's been great since the lockdown.

Will it drop like a stone from RRP? Eventually as it's ever-rose and they always used to fall out of bed. The question is when.

On the plus side, it is an amazing watch.