In my experience, the prices asked are not what's being paid. I would say you need to look at £500-£1000 less. But as with the majority of high end products at the moment, the market has stalled. I see nothing to say that the trend in watch investment will reverse so no immediate panic. I would say "keep on buying" but that's a laugh.....
Good news for Rolex buyers in the UK, buying from Watches Of Switzerland, they mentioned yesterday that they are giving an additional 5 year warranty on top of the 5 yrs that comes with a new Rolex, but a 10yr warranty still wouldn't be much use if they don't have any stock.
Supply and demand. People speculate on watch prices based on the perception that Rolex will only make a certain amount. If Rolex dumps 100,000 Batmans into the market over the next 60 days the prices will plummet for all who paid over retail. They aren’t limited editions and eventually the majority of people that want one will get it. Demand will go down while production remains the same and prices will drop
When has the value of housing ever gone down?
Or gold?
Or the USD?
Are you suggesting Rolex is the one thing in the world ever that rises in value?
Other than briefly in 2008, when have Rolex watches ever gone down in value?
Bubble schmuggle.
Other than briefly in 2008, when have Rolex watches ever gone down in value?
Bubble schmuggle.
