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Rolex 01/09/2020 - predictions?
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Was really hoping for an all blue sub. Preferably no date. Alas.
Best go on the lookout for a blue yacht master so
I really think that is the wrong watch for you. It doesn’t fit as a “one expensive watch” in a collection and it will be very difficult move on in Ireland without taking a bath.0 -
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Chauffe, Marcel, chauffe!Join Date:Posts: 64436
Missed that.
Jesus the screwed Unkel.
Not giving him the blue on blue SS sub and not discontinuing the Milgauss.I really think that is the wrong watch for you. It doesn’t fit as a “one expensive watch” in a collection and it will be very difficult move on in Ireland without taking a bath.
I like what they did with the sub, slightly bigger but less lumpy case. Would love the glidelock. I'm on the waiting list for a non-date one since the day Weir's opened after Corona closure
If only it wasn't black though. I don't think that is my "one expensive watch" either but I guess I could live with it for a while
As always I appreciate your advice though. You seem to get very well what I want and how my own clock ticks
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Chauffe, Marcel, chauffe!Join Date:Posts: 64436
massively underwhelming
Surely it must be one of the boldest changes in some of the watches?
Have to say I fancy the OP 41 Turquoise quite a bit
If this one or the blue one had arab 3 / 6 / 9 and a glide lock, I would be very tempted. But the OP doesn't even have easy lock, does it?My ads on adverts.ie
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well i was referring to the core watches i think the colourful stuff is really to appeal to ladies if im honest
the OP didnt have an easy link (i suppose to cement its place as the entry level watch) but maybe they have changed this with the newer one?0 -
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well i was referring to the core watches i think the colourful stuff is really to appeal to ladies if im honest
the OP didnt have an easy link (i suppose to cement its place as the entry level watch) but maybe they have changed this with the newer one?
Easy link now standard on the OP.0 -
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That watchfinder price is almost as expensive as new ~€12k.
I assume prices will fall. Is watchfinder a big co. If I were to buy a Rolex secondhand I would be reluctant to buy from a private seller. Would it be easier to get a good price abroad?
prices have been rising for years. why do you assume they will fall?
watchfinder are legit but expensive, biggest used dealer in EU and now owned by richemont (look them up) 0 -
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Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,170 Mod ✭✭✭✭
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Because they always do in a bubble like this C. The only question is when.prices have been rising for years. why do you assume they will fall?
People/companies within such a bubble are invested in it so don't want to see or believe it hoping to pass on whatever gains before the house of cards collapses. I've regularly seen watch pundits on the back of the current trend claim that SS Rolex were always on the rise year on year, which is a complete nonsense. Hell, you couldn't give Daytonas away in the 80's. They were never popular when new either, hence the vintage ones are rare. In the 80's the Rolex' that held their value were the precious metal examples, because of the intrinsic value of the metals themselves. Yes secondhand Rolex prices were higher than your jeweller shops window average watch brands, but they were lower, way lower than new.
In the 90's the specifically Rolex bubble was ironically bubblebacks and early Oysters. I remember having a similar conversation with guys on the Timezone forum about that being a bubble too. To shouts of No Way! and yes false beliefs like "they always gained in value". I had a few of such watches at the time, but lost interest in them and luckily got out way before the bust(before the mad prices too, so no great foresight on my part). And what a bust it was. Near overnight they just stopped being mentioned in editorials and forums and the like.
Now I don't think the SS Rolex bubble will deflate so quickly or so completely and we're still in the euphoria stage of the bubble to some degree and Rolex are extremely good at egging this stuff on and a solidly made and practical and mid tier watch like a Sub will always be sought after, but at this level? I seriously doubt it. They got away with raising them from mid tier to luxury in price and perceived "value" and now through squeezing supply have fuelled some madness, but it can't last long.
My 2cents anyway. Or 5 dollars since we're talking about Swiss watch brands. Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.
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prices have been rising for years. why do you assume they will fall?
watchfinder are legit but expensive, biggest used dealer in EU and now owned by richemont (look them up)
It seemed to me that if a bad recession and people need cash what is the first thing to sell?
A Rolex watch...
Is a Rolex watch a priority in a Recession if in a precarious job..no
supply and demand
It is ridiculous that there is a waiting list for a Rolex watch. You're obviously paying for the name. How long will this demand last in a recession I wonder0 -
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It seemed to me that if a bad recession and people need cash what is the first thing to sell?
A Rolex watch...
Is a Rolex watch a priority in a Recession if in a precarious job..no
supply and demand
It is ridiculous that there is a waiting list for a Rolex watch. You're obviously paying for the name. How long will this demand last in a recession I wonder
yes maybe but you need that recession to be everywhere, part of the reason rolexes are so scare at the moment is because asian tourists hoover them up in europe.
and the waiting list may be ridiculous yet you still want one go figure
anyway im not in this for investment purposes if they fall in value then what i want to move to will also fall so all the same to me, but i dont see prices going south any time soon personally.
that said if hulk prices go mad in the next few months ill let mine go.0 -
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Because they always do in a bubble like this C. The only question is when.
People/companies within such a bubble are invested in it so don't want to see or believe it hoping to pass on whatever gains before the house of cards collapses. I've regularly seen watch pundits on the back of the current trend claim that SS Rolex were always on the rise year on year, which is a complete nonsense. Hell, you couldn't give Daytonas away in the 80's. They were never popular when new either, hence the vintage ones are rare. In the 80's the Rolex' that held their value were the precious metal examples, because of the intrinsic value of the metals themselves. Yes secondhand Rolex prices were higher than your jeweller shops window average watch brands, but they were lower, way lower than new.
In the 90's the specifically Rolex bubble was ironically bubblebacks and early Oysters. I remember having a similar conversation with guys on the Timezone forum about that being a bubble too. To shouts of No Way! and yes false beliefs like "they always gained in value". I had a few of such watches at the time, but lost interest in them and luckily got out way before the bust(before the mad prices too, so no great foresight on my part). And what a bust it was. Near overnight they just stopped being mentioned in editorials and forums and the like.
Now I don't think the SS Rolex bubble will deflate so quickly or so completely and we're still in the euphoria stage of the bubble to some degree and Rolex are extremely good at egging this stuff on and a solidly made and practical and mid tier watch like a Sub will always be sought after, but at this level? I seriously doubt it. They got away with raising them from mid tier to luxury in price and perceived "value" and now through squeezing supply have fuelled some madness, but it can't last long.
My 2cents anyway. Or 5 dollars since we're talking about Swiss watch brands.
It's an interesting and brave strategy. Clearly it works so who am I to question it.
Can you imagine being a senior executive trying to convince a board NOT to produce more of a product that people are buying and immediately selling for profit! (don't know if rolex structured like that, but the point remains). Of course I get it, the product is only selling for more because of its perceived value and exclusivity etc, but surely you'd fancy producing even a few more if you were the company?
What's rolexs thought process on flipping? It's just a few and it fuels demand which, for the most part is probably met by new rolex sales anyway? Eg for every person on a watch forum talking about a rolex they want to pay over rrp for, there's probably a multiple of quiet sales? But against that rolex hold back the paperwork for a period of time?
I was on a waiting list for one (and I have to say I found the very idea most bizarre) and by the time I was offered a watch I had changed my mind and bought a different brand. I have no intention of ever going back to try buy a rolex again, in some bizarre guessing game of maybe I'll be offered a watch in a year or two, or maybe I won't.... No, I've decided to spend X amount on a watch and if rolex doesn't want to sell me one, fine, I'll buy another.. I guess rolex don't care as there is another punter queuing up pleading to spend money, but it means rolex are turning down any impulse type purchase sales, in addition to the other sales above.
As you say, they are geniuses and good look to them, I admire the balls on them to behave this way but don't think I could run a company like that! (just to be clear, I don't dispute they are doing a better job than I ever would! I'm just saying I would find it hard not to sell in demand products to people and make profit!)0 -
Chauffe, Marcel, chauffe!Join Date:Posts: 64436
wersal gummage wrote: »I was on a waiting list for one (and I have to say I found the very idea most bizarre) and by the time I was offered a watch I had changed my mind and bought a different brand. I have no intention of ever going back to try buy a rolex again
Just as well. That Rolex dealer will never sell you a Rolex again. Unless it's one of the unpopular (ladies) watches that they can't sell otherwise My ads on adverts.ie
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Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,170 Mod ✭✭✭✭ Join Date:Posts: 59098
My first thoughts were...well i was referring to the core watches i think the colourful stuff is really to appeal to ladies if im honest
"Rarity" is like "value"(and "authentic), all marketing points in luxury veblen branding like watches. It's much more about perception than reality. The reality is these items aren't rare. We're not talking old master's paintings here. If such watches were rare we wouldn't have much of a market or hobby. Patek who would be well above Rolex in the luxury and quality end produce 50-70,000 watches per year. Compared to the population in the market it's not a huge amount, but it's a lot of watches and given their prices the market population would be small enough. Rolex keep their usual silence on actual figures but it's around a million watches a year. That's a lot. So to make things look rare and exclusive they factor the dealer network into it and squeeze supply. Their soft marketing is just as clever as the more obvious stuff so fans egg up the brand for them. I suspect they didn't expect such a crazy bubble/trend as in latter years, but I'd bet the farm they milked it when they saw it happening.I ain’t sure how much they were last week but it seems crazy. There are literally 100s of 1000 of that watch in circulation.
They're not the only Swiss company that pushes the marketing angle. Hell the 80's Swatch push to make mechanical watches "authentic" was a great example of it that got them out of the doldrums of the quartz crisis(it was actually more a digital crisis. The Swiss had some fantastic quartz watches, but completely missed the boat on the digitals). Ironically they did that on the back of the massive war chest of cash they made from selling cheap plastic quartz Swatch watches. Genius.
Longines with the exception of the new VHP quartz have mined deep into their heritage angle. IWC were masters of claiming all sorts of firsts for the brand until the interwebs came along. One Year Zenith just went and upped thier prices across the board, just cos. Omega do it. I mean how many "special limited editions" of the Speedie have they produced? Limited in the sense of many thousands of examples(IMHO limited is sub 1000 pieces, better if sub 100). Never mind the Speedie, a fantastic watch just like the Sub, is now priced at least four times higher than they were when the lads were walking on the Moon. Consider that back in the pre Swatch etc days say around 1970 a Rolex SS Sub ran between 200 and 300 quid/freedom bucks depending on the model. The same price as equivalent Omega and Longines and Blancpain divers(specialist up to date divers from Doxa and others were more like 4-500). They had to be pitched around the same prices as they were all separate enterprises selling "tool" watches competing in the same jewellers and dive shop windows.
The Swiss changed the market in a fantastically inventive way and the internet expanded that beyond their wildest dreams. Trust me, if you were "into watches" pre the interwebs you were a stone cold weirdo. Well except in Italy. Italian men even then had more than one watch. It's a fascinating subject. To me anyway. 
Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.
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The Sub going to 41mm is a shrewd move IMO.
They have differentiated enough to change away from the 40mm, improved the proportions and can still go all jumbo with a 42 in a few years
:pac:
Someone sent me this earlier regarding the OP's new colour range...
And I cannot look at the new range without thinking of it :eek:
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Consider that back in the pre Swatch etc days say around 1970 a Rolex SS Sub ran between 200 and 300 quid/freedom bucks depending on the model.
Trust me, if you were "into watches" pre the interwebs you were a stone cold weirdo.
This is quite true. My first dive watch was the Zodiac Sea Wolf which I bought new in 1965 when I bought my first tank and wet suit. Scuba was just becoming a niche sport in the 1960's and the preferred tool dive watch, by those of us actually diving, was the Zodiac, not Rolex which we thought of as too fancy.
After that I had Submariner, a GMT, and an Explorer, which I paid in the mid $200's for, but if I could have any of them back today it's the 1965 Sea Wolf I lust after.0 -
Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,170 Mod ✭✭✭✭ Join Date:Posts: 59098
Oh yeah! I forgot about the Zodiac. Extremely popular with actual sport and military divers.guitarhappy wrote: »This is quite true. My first dive watch was the Zodiac Sea Wolf which I bought new in 1965 when I bought my first tank and wet suit. Scuba was just becoming a niche sport in the 1960's and the preferred tool dive watch, by those of us actually diving, was the Zodiac, not Rolex which we thought of as too fancy.
Oh hang on... I've gone well off topic....
Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.
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Chauffe, Marcel, chauffe!Join Date:Posts: 64436
Yes, was hoping for an AD without paying silly money Over the odds 🙂
Then the answer is still yes, go to one of the more prominent ADs, spend €30k on sh1t Rolex and other watches that nobody wants and then you might get the one you want a bit sooner
We have a thread about this
Linky
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Chauffe, Marcel, chauffe!Join Date:Posts: 64436
So, the Kermit and the other steel subs will obviously have waiting lists, probably longer than ever before. What's the expectation for the OPs? Are the ADs going to have some in stock?
I'd say if I walked into Weir's tomorrow and they had a turquoise 41, I could be tempted to buy it there and then. Be bold, live a little My ads on adverts.ie
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