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I don't understand the recent Rolex SS craze/shortage. What am I missing?

  1. MTROIS Mar 16, 2020

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    base615 likes this.
  2. MTROIS Mar 16, 2020

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    You hit the nail on the head... as @dsacks30 said above, Rolex is now also shutting down for a fortnight (or longer?).
     
  3. dsacks30 Mar 16, 2020

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    And to think I turned down a no date Sub last week after I finally got the call due to the market drop and uncertainty...I still think secondary prices are going down, though, and hope the Rolex SS situation is starting to normalize.
     
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  4. MTROIS Mar 16, 2020

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    Well, some people look at SS Rolex watches as a safe heaven for their money, but in the end, these are NOT rare watches... so, I tend to agree with you: secondary will tend to come down closer to MSRP for a while. We will see how long flippers can sit on their inventories. :rolleyes:
     
    base615 likes this.
  5. Evitzee Mar 16, 2020

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    As far as Rolex availability is concerned, no change. Keep calm, carry on.
     
  6. speedydownunder Mar 16, 2020

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    base615 likes this.
  7. KeithS Mar 16, 2020

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    Beautiful watch. Out of curiosity, were any discounts offered?
     
  8. base615 Mar 16, 2020

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    Cheers.

    None offered. I was toying up whether to ask but didn't in the end. Probably should have but I'm used to being refused discount by Omega so assumed this would be the same.
     
  9. mancio Mar 16, 2020

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  10. OmeGez Mar 17, 2020

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    I guess that’ll keep current prices safe then..
     
  11. TechFounder Mar 17, 2020

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    Out of curiosity, did you see more Rolex selections available? In the recent past, the showcases were pretty sparse of any Rolex watches.
     
  12. base615 Mar 17, 2020

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    Nup. The usual horrific two-tone or blinged out stuff, a YMII and a hulk on 'display only'.
     
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  13. mancio Mar 17, 2020

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    Some AD have something but at best you might find an Air King, an Explorer or a milligaus.....if you are reaaaally lucky.
     
  14. MTROIS Mar 18, 2020

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    Folks, I am happy to report that I have indeed stuck by my principles, but was fortunate to get a call from my AD today! :thumbsup:

    I managed to make it there on time tonight before they would close for at least the next two weeks due to COVID-19 rules, and so, I am able to confirm that my memento celebrating James Cameron’s “DeepSea Challenger” has “surfaced”!!! (Hang in there @larryganz , I am sure your turn will come up soon!!).

    82F433DA-DB45-4B4A-B984-D8DED09A7CE4.jpeg
    C5DF9ABF-7193-4ACB-BD8C-A812F976E00A.jpeg
    80019A25-DAFF-43A4-B528-5E81F94BA9F1.jpeg

    By the way, I had no clue that the sub had been damaged in a fire!! :eek:
    3C11A12F-A277-4994-8C62-DF7B91C094D9.jpeg
    Photo from National Geographic site .

    Anyhow. Going back on topic, my partner at the AD confirmed that there has not really been any uptick in deliveries of SS models overall... and as we know, it won’t get better with the factory closed for at least two weeks. :cautious:
     
    larryganz, base615, KeithS and 2 others like this.
  15. TechFounder Mar 20, 2020

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    I've noticed that prices are already starting to soften at the used dealers, by about 10% off their premium prices. I'm sure this will only continue until we start to see discounts rather than premiums.
     
    Edited Mar 20, 2020
    jankymutt likes this.
  16. larryganz The cable guy Mar 20, 2020

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    I stay in touch with my SA at Ben Bridge, who says the store didn't get a single James Cameron in 2019.
     
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  17. killer67 Mar 21, 2020

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    Definitely a sharp decline in pricing for modern sports Rolex but I wouldn’t wait for a discount
     
  18. OmeGez Mar 21, 2020

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    I’m assuming it’ll be modern affected more than vintage/classic/discontinued models?
     
  19. killer67 Mar 21, 2020

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    Likely both but I think that it is mostly agreed that vintage will be slightly more insulated
     
  20. TechFounder Mar 21, 2020

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    Are you saying that Rolex will defy the laws of supply and demand? When there's no demand, prices will fall. There will be discounts. How much of a discount depends on how long the economic shutdown lasts. I think this will be long and will likely be worse than 2008.
     
    cvalue13 likes this.