Watchlords

According to watchcharts.com, used Rolex prices have plunged about 11.5% in the last six months.
So the bubble appears to be bursting, just like the housing and stock markets.
Never understood the massive rise in used prices during and post Pandemic. The company makes more than one million watches a year. Yes, new stuff is/was relatively scarce, but come on. Now pieces are flowing to ADs again.
So do you think resellers are going to be stuck with 1`3K ancient Subs? Or will they be forced to slash prices to liquidate?
Will be interesting to see.

boscoe wrote: ↑

January 15th 2023, 11:37am

According to watchcharts.com, used Rolex prices have plunged about 11.5% in the last six months.
So the bubble appears to be bursting, just like the housing and stock markets.
Never understood the massive rise in used prices during and post Pandemic. The company makes more than one million watches a year. Yes, new stuff is/was relatively scarce, but come on. Now pieces are flowing to ADs again.
So do you think resellers are going to be stuck with 1`3K ancient Subs? Or will they be forced to slash prices to liquidate?
Will be interesting to see.

There were big runups in lots of things as governments started creating and giving a lot of money away to float economies through Covid

Lots of bubbles, crypto and residential real estate, used cars etc because lots of liquidity sloshing around

That’s now been the feds deal ti collapse a lot of these bubbles, effectively making a lot of the money created essentially vanish

And it seems to be working

I took advantage of the bubble stuff. Sold my 2019 Tacoma with 40k miles for rather more than I paid for it new in fall 2021

Was intending to sell house into the housknf bubble after I went empty nest after kid graduated hs this spring but market crashed mid summer or so before I could take advantage of it

There have been bubbles everywhere. Vintage guitars, huge unexpected runup in prices that aren’t sustainable now for example

I hope they come down.... so many models that I still need.

I'm Rolex poor! Just kidding. I bought on credit card, Visa, Mastercard and AMEX are outta luck cause I ain't paying them.

iwasbanned wrote: ↑

January 15th 2023, 5:03pm

I'm Rolex poor! Just kidding. I bought on credit card, Visa, Mastercard and AMEX are outta luck cause I ain't paying them.

That Celeste green one is very nice

So, a 11.5% drop from a bajillion dollars means that 1982 AirKing is now only $6k; if you don't mind the scratches from when the dog got a hold of it.

Exploders and Day Tonys are still in the "if you gotta ask, you can't afford it" stratosphere.

That turquoise dial is still being touted at 16K!!!!!
Just got a Jomashop (sorry Koi) price drop notice on a GMT.

boscoe wrote: ↑

January 18th 2023, 3:35pm

That turquoise dial is still being touted at 16K!!!!!
Just got a Jomashop (sorry Koi) price drop notice on a GMT.

$16k is cheap for the 40mm, buy it and flip it.

They may be plummeting, but still unattainable for working stiffs like me.

smellody wrote: ↑

January 20th 2023, 1:50pm

They may be plummeting, but still unattainable for working stiffs like me.

Be interesting to see this same search posted periodically to watch the price level and how many remain on the market

Got that right!
Go to watchcharts.com tracks all Rolex model prices.
I find it fascinating.

Cool. I might be able to buy an Explorer at retail in my lifetime!