OT - Rolex watch market

[ntb1001]

So it seems that the grey market for Rolex (and other watches) has taken a big tumble past couple of months. It seems to have opened up some opportunities to actually buy a watch at MSRP from an AD.
I got a call about availability of a new Rolex SeaDweller and I couldn’t say no. I have had my name on a wait list at a couple of places for almost 2 years, and I happened to call this place a only couple of months ago, so I was surprised that they contacted me so quickly.




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[Cat3roadracer]

Dear God why is this here.

[Cat3roadracer]

I apologize. This is where I come for non-watch content.

[rwsaunders]

Business Insider recently wrote a piece about the slower growth of the luxury watch market.

https://www.businessinsider.com/role...-in-may-2022-5

[IJWS]

Sorry for cat3roadracer, but this is A-OK content.

Most people don't realize that "registering intent" to buy a $6,000+ watch is almost the same as making a wish when you blow out the candles on a birthday cake.

You put in the work and it finally happened--congrats! I don't think the market is as soft as you think but it's a good sign that people that have been actively trying to get watches can actually have a chance at getting them.

Sea Dweller is an impressive feat of engineering btw.

[adub]

Interest rates are rising, the economy is slowing. I'd think over the next 6-18 months there will be a lot of softening in many of the overbought high end markets. Nice watch.

[ripvanrando]

Recessions do that to luxury goods.

[sheepbleat]

(Searches "Rolex 16710" on Chrono24)...

Huh. I think I'll wait for it to "soften" a bit more...

Congrats on the beautiful watch though.

[JedB]

Originally Posted by sheepbleat

(Searches "Rolex 16710" on Chrono24)...

Huh. I think I'll wait for it to "soften" a bit more...

Congrats on the beautiful watch though.

Black bezel, Coke, or Pepsi?

[sheepbleat]

Originally Posted by JedB

Black bezel, Coke, or Pepsi?

I’ve been hoping for coke or pepsi. Jubilee bracelet would be ideal, as I already have a diver with an oyster bracelet.

Should’ve bought one when I started looking three years ago

[JedB]

Originally Posted by sheepbleat

I’ve been hoping for coke or pepsi. Jubilee bracelet would be ideal, as I already have a diver with an oyster bracelet.

Should’ve bought one when I started looking three years ago

Black bezel
Red GMT
Oyster

Alt: Coke bezel

[SPOKE]

I just had my two watches appraised…
1979 GMT that was my brother’s that I’m certain he purchased it when he was stationed in Germany…..$18k

My 2007 Submariner…..bought new for $6800. Appraised for $22k

My jaw hit the floor!!!!!

[Louis]

Originally Posted by SPOKE

I just had my two watches appraised…
1979 GMT that was my brother’s that I’m certain he purchased it when he was stationed in Germany…..$18k

My 2007 Submariner…..bought new for $6800. Appraised for $22k

My jaw hit the floor!!!!!

Do you use them for daily-wear, or just special occasions?

I don't know if I'd be brave enough to use them even for something as basic as everyday office work.

[SPOKE]

Originally Posted by Louis

Do you use them for daily-wear, or just special occasions?

I don't know if I'd be brave enough to use them even for something as basic as everyday office work.

I wear the 1979 GMT most every day. Wearing it allows me to keep my brother close even though he passed in December 2015.
The Submariner gets worn a few times a year…..

[Ralph]

How do you go about selling or figuring out what a watch is worth? My wife has a version of a Rolex for ladies with blue chrystal, and a gold Balm Mercier. She hasn't worn either in many years, and the Rolex still runs perfecly. Neiher hardly show use.