Rolex's watch production, and others, will probably be down at least 20% for the year. Thus, retail pricing will be kept strong once production is resumed. For Rolex, taking 200,000 units off the production line for the year will really pinch the retailers as to what they will get. Forget SS sport models, their bread and butter DJ lines will be really curtailed, especially going into the fall and Christmas season. I don't see how this really depresses the grey market at all. Some poorly capitalized flippers will have to liquidate stock but it will all find a home, either with another grey marketer or a new retail buyer. It may be a bit soft now because people aren't buying, but once the coast is clear and the economy starts up again pent up demand will be strong. Desirable Rolex models will always be desirable, and the price will reflect that.
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