this post was submitted on 14 Nov 2023
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[–] Miami_Beach_Man@alien.top 1 points 2 years ago

Until I see Rolexes/PP/AP watches becoming readily available for reasonable prices these graphs are useless to me.

[–] GFCallsMePapi@alien.top 1 points 2 years ago (2 children)

Japanese prices really hurting the most… the yen vs dollar fall is making things look worse

[–] ih-unh-unh@alien.top 1 points 2 years ago

Isn’t the Japanese market adjusting for online price these days? I was just in Tokyo and noticed little to zero benefit even with 150¥/$1

[–] sg587565@alien.top 1 points 2 years ago

Most of those brands seem to be increasing price anyways. Seiko in perticular has increased retail prices by a good amount. In my country old models like alpinist got an almost $100 increase this year.

[–] nonexistant2k3@alien.top 1 points 2 years ago

Still 10x too expensive.

[–] jeffweet@alien.top 1 points 2 years ago (1 children)

This is ridiculous graph. What models are they taking about?

[–] Tillman_Fertitta@alien.top 1 points 2 years ago

Line go down 🤤

[–] OhMyMerciMoi@alien.top 1 points 2 years ago (1 children)
[–] Dark1000@alien.top 1 points 2 years ago (1 children)

Why not? It's plain as day. You can look for yourself at the price of pre-owned Rolex or other high end watches in general. No one is buying them, they sit just sit around as inventory. Prices have to come down to accommodate that. The biggest drop has already happened, but there's still room for some to fall, particularly Rolex and any other heavily hyped watches that have been extremely popular and produced in massive quantities in the last couple of years.

[–] drugabusername@alien.top 1 points 2 years ago

I bought one.

[–] Milestailsprowe@alien.top 1 points 2 years ago

I want one but they older models are still so expensive.

[–] Madting55@alien.top 1 points 2 years ago (1 children)

A lot of people doubtful here but I’m surprised. Here in the UK I’ve been eying up a datejust and those prices are definitely dropping and dropping. My explorer has dropped a lot from where it was a couple years back too.

[–] Dark1000@alien.top 1 points 2 years ago

Yeah, the data and anecdotal evidence line up perfectly. There's no question about it.

[–] Attila_22@alien.top 1 points 2 years ago

Not Rolex or Patek but VCO is basically at retail or below if you go grey.

[–] gevaarlijke1990@alien.top 1 points 2 years ago

Good, I can't wait until the grey market collapses. However long it will take.

[–] ugh_this_sucks__@alien.top 1 points 2 years ago (1 children)

Low interest rates. Crypto pump. Stock bull run. Morons on YouTube claiming watches are investment vehicles.

All the bullshit had to break eventually. Early 90s Explorers in mid condition were never worth $8k. They’re $3k watches with papers.

[–] apocalypsebaconstrip@alien.top 1 points 2 years ago

I can't wait! Miss the days of being able to buy subs and gmt's for less than 10k.

[–] PoetWonderful2398@alien.top 1 points 2 years ago

Watch Yourself Jorge covered this quite well in a recent video.

[–] GroundbreakingCap364@alien.top 1 points 2 years ago

Good, prices were ridiculous in the first place.

[–] LegendaryCichlid@alien.top 1 points 2 years ago

People got drunk on the idea of making money doing nothing during covid. People emptying their life savings to buy a used submariner hoping to make 800 bucks are starting to realize they should probably just go to work. People could not go anywhere or do anything during covid, so they bought stuff online. These watch youtube channels were not really a thing precovid. They will cease to be a thing soon. The big players will always be there but the average guy thinking he’s gonna mazal his way to riches off used watches is a dying breed.

Would I like to have a rolex? Sure. Will I get more satisfaction from owning one than a seiko? Maybe? Am I willing to be overtly ripped off because of the ever lessening possibility that I could make money on the grey market—hell no.