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Rolex 01/09/2020 - predictions?
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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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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: 60,098 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 -
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 0 -
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