Rolex prices will probably continue to decrease on the secondary market because of decreased demand, due to rising interest rates and the end of cheap credit. However, I doubt that they'll get to anywhere near retail for the hot models like Daytonas and GMTs. There's a good video on YouTube by an economist who explains this. His manner is a little dry, but it's worth a look.
Some PMs are now touching msrp + tax, in MODA. It’s possible to see new PMs dip below, by end of year. Lots of guys and gals in my watch groups are getting calls from ADs to offer them random PMs. My colleague received a call last week asking if he wanted a $40k gold sub. He bought a $2500 Tudor from them 6 years ago. Ha.
It seems PMs are harder for AD to move. The Crypto bros are gone, the tech bros are down and global financial markets are tightening. $40k+ for wrist bling is hard to swallow for anyone.
If @NYCwatchgal is eyeing a specific PM Rolex, I think your money will go further by December. Of course I could be horribly wrong. Rolex will stop producing PMs soon as I publish this post and prices will go thru the roof.
My 116519LN is right at or a tad above msrp in Japan and MODA.
Forget Rolex. What about tulips? Bulbs or actual flowers? If neither, futures? My guy at Schwab needs to know.
