Rolex bubble yes/no?

Claven2 · Oct 26, 2019

Davidt
When was the last time every Rolex stainless steel sports model sold for significantly over rrp?

Rolex's have tended to hold or increase their value wellbut historically this was based on buying at rrp. If the resale value was an issue I'd be extremely cautious about paying a grey market premium for a Sub or GMT right now.

Fair point. I wasn't considering people paying over retail for a watch. To me, that's lunacy as the shortages could end at any time.

I see gmt pepsi models listed at double msrp. That's just crazy as supply will eventually match demand.

I doubt even rolex is in favor of people flipping their watches over retail as it creates anxiety in their customer base and hurts their brand image imho.

To the moon · Oct 26, 2019

Stufflers Mom
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.

This has been since the beginning of the year

Stufflers Mom · Oct 26, 2019

To the moon
This has been since the beginning of the year

It was the first time I'd heard of it and I thought it sounded a very good deal, saying that I could not buy the watch I wanted so the warranty might as well be 20yrs and it wouldn't have made a difference.

To the moon · Oct 26, 2019

Stufflers Mom
It was the first time I'd heard of it and I thought it sounded a very good deal, saying that I could not buy the watch I wanted so the warranty might as well be 20yrs and it wouldn't have made a difference.

Lol, you can't beat a 10yr warranty on a date just... 😉

Nobel Prize · Oct 26, 2019

Amg786s
Prices for some sa pieces do appear to be dropping I.e hulk/ batgirl, no?

batgirl? That's a new one. What l model is Batgirl?

scapa · Oct 26, 2019

Nobel Prize
batgirl? That's a new one. What l model is Batgirl?

The recent BLNR (126710 BLNR?) on a Jubilee bracelet, IIRC. Don't really keep up with the whimsical nicknames for Rolexes.

YY77 · Oct 26, 2019

So the question I posed is still open in my view, can we be sure, with the exception of the few people whom have the $$$ to splash on SS models at market value, that the prices are actually being paid by "normal" people, ie. are the prices asked real or just set high and the flippers aren't selling?

Claven2 · Oct 26, 2019

YY77
So the question I posed is still open in my view, can we be sure, with the exception of the few people whom have the $$$ to splash on SS models at market value, that the prices are actually being paid by "normal" people, ie. are the prices asked real or just set high and the flippers aren't selling?

Well at the local rolex dealer here, the sports watches they are selling are largely being bought by real people at msrp.

The flippers? Who knows if they are selling at their list prices. No way to know.

Archer · Oct 26, 2019

YY77
So the question I posed is still open in my view, can we be sure, with the exception of the few people whom have the $$$ to splash on SS models at market value, that the prices are actually being paid by "normal" people, ie. are the prices asked real or just set high and the flippers aren't selling?

At dealers, they can't charge over MSRP, or they would risk losing their account. What they will do is require you to purchase another watch, before letting you buy the sport watch you want, as the recent thread on this topic demonstrated.

https://omegaforums.net/threads/is-this-legal-from-bucherer.103480/

Stufflers Mom · Oct 26, 2019

Archer
At dealers, they can't charge over MSRP, or they would risk losing their account. What they will do is require you to purchase another watch, before letting you buy the sport watch you want, as the recent thread on this topic demonstrated.

https://omegaforums.net/threads/is-this-legal-from-bucherer.103480/

Not for new, but they can and do charge market prices for pre-owned Rolex watches which can be higher than the rrp\msrp

Archer · Oct 26, 2019

Stufflers Mom
Not for new, but they can and do charge market prices for pre-owned Rolex watches which can be higher than the rrp\msrp

Yes of course. Some even sell the new watch to a buddy who immediately returns it, then they sell it again at a mark-up for well over MSRP as used. But the fact remains if they sell a new watch, it must be sold at MSRP per Rolex agreements, or they risk losing their status.

YY77 · Oct 26, 2019

Archer
At dealers, they can't charge over MSRP, or they would risk losing their account. What they will do is require you to purchase another watch, before letting you buy the sport watch you want, as the recent thread on this topic demonstrated.

https://omegaforums.net/threads/is-this-legal-from-bucherer.103480/

That thread is actually what started me wondering whether a "fictitious" set price in the grey market, which maybe isn't moving the watches, leads to AD's believing they can get away/try the practises mentioned.

Nobel Prize · Oct 26, 2019

YY77
So the question I posed is still open in my view, can we be sure, with the exception of the few people whom have the $$$ to splash on SS models at market value, that the prices are actually being paid by "normal" people, ie. are the prices asked real or just set high and the flippers aren't selling?

I think the question is just not formulated on a way that can be answered. the flaw I think is...defining "normal" People.

Most people are normal....taking away politics. The prices are being paid by "normal" people that consider the expense worth it. But one person may think it's stupid to pay anything beyond 500 dollars for any watch just to keep time....and another my believe 200 grand is just right it for a football game.

So the prices are real, but the market is not defined by the seller but by the buyer. will they fluctuate up? down? stabilize? who knows.

One could argue that if the price consideration is stressful to any one person then he or she should not buy that item....not being elitist; I know millionaire that look at my spending on watches as flat out stupid....and I know people in debt that drive a Ferrari and wear a Patek all the way to bankruptcy court.

so you can't be sure of anything other than...there where always be sellers, resellers and buyers.

asrnj77 · Oct 26, 2019

Claven2
Oh, and fwiw, I have only one rolex (dj) currently, but would buy another in a second if I liked it and not worry a whit about value propositiion if/when I sell.

For me if somebody buys a GMT for 60% over retail because they absolutely need it and can’t wait another day without seeing it on their wrist, that’s fine. But if everybody buying it thinks that it will be a sound investment that would require it to keep increasing in value. While it may increase in value over retail the person that already paid over retail may not see the value.

In order for that to work out (first person pays 60% over retail needs to sell it for 70%, then then next person sells for 80%, etc) the GMT would have to sell for $100,000 for the later stage people to make any money. The biggest issue is if the demand stops and now they go back to retail price or slightly over. I’m not saying people won’t stop buying Rolex’s in the near future but if Rolex keeps making the GMTs then the demand will subside (even if only incrementally) and they’ll also make other models that will draw market attention away. Wait until they tweak the submariners again or change a dial color.

My feeling is that paying over retail for watches that are still in production is not a great investment strategy. It’s fine for wealthy collectors but you may be left upside down should you need/want to sell

repoman · Oct 26, 2019

Amg786s
I was in an omega boutique yesterday and the manager was quite candid, big slump in sales in this last quarter apparently.

Maybe for that boutique or region.. but globally, last quarter was up BIG for Swiss watch exports:

Lotus_Eater8815 · Oct 26, 2019

If i had the money, I’d buy 5 DJs to butter up my AD, sell those at a small loss in the grey, and get the SS that I want. That’s what most people who really want a steel sports are probably doing these days.

kelsey · Oct 27, 2019

Personally I look forward to the day the words “investment” and “watches” don’t appear in the same sentence on watch forums 😉

To the moon · Oct 27, 2019

kelsey
Personally I look forward to the day the words “investment” and “watches” don’t appear in the same sentence on watch forums 😉

I think that's a small percentage of buyers that may share the same view. But like property they have become more of an investment to which it adds to the excitement to many. I for one hate losing money on anything and maybe the people who love watches for what they are and are not interested in the financial side of them should state if they rent there home as there is no point in buying one......

alam · Oct 27, 2019

..Rolex bubble yes/no?...

some of mine do have a bubble on the crystal ... 😜

S.H. · Oct 27, 2019

To the moon
I for one hate losing money on anything and maybe the people who love watches for what they are and are not interested in the financial side of them should state if they rent there home as there is no point in buying one......

So, you don't go out for a drink or a meal? (this kind of expenses all add up). Never buy nice well made shoes? A nice old book? Fine alcohol? What does "losing money" exactly means if you are not a professional? I understand the idea of trying to buy cheap/sell high, having a good deal, trading a little, but making money that's work, not a hobby or a source of pleasure for most people. Some watch amateurs still buy what they like and afford, period.

This hysteria on not losing money on buying watches, and only buying specific hyped models seems like a collective ponzi scheme to me. I feel it is rather new, goes well with the time (too much paper money around, and lots of BS marketing).

Rolex bubble yes/no?

Claven2

To the moon

Stufflers Mom

To the moon

Nobel Prize

scapa

YY77

Claven2

Archer

Stufflers Mom

Archer

YY77

Nobel Prize

asrnj77

repoman

Lotus_Eater8815

kelsey

To the moon

alam

S.H.

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