Have you been waiting for the bottom??… Every Hot Rolex - Should you buy now or keep waiting? 

Couldn't happen to a nicer shower of cnuts as the Pontiff would say!!

There are a lot of pre owned dealers sitting on large numbers of "hard to get watches" that are fast becoming "easy to get watches". The bubble has burst.

If everybody was like that nobody would buy anything. Most of the expensive things we buy we would lose money on if we had to resell.

@@jamessmith-on3jf Most luxury items depreciate when resold. Rolex, AP etc were a bit of an anomaly. Vintage is a bit different though. People buy luxury goods to show off wealth. If you can't stomach the devaluation you ain't rich 🤑

@@disgruntledoflondon 100% agree the fact that there is still a lot of rolex watches unworn unto 5 years old is a sure sign the owners can't afford them.

@@jamessmith-on3jf in a few years people will doing their Economics dissertations on the Rolex Bubble. Lots of people speculating on Rolex "Investments" with money they can't afford to lose or getting into debt to be in the "in scene". They can't lose right? Rolex prices only go up! The Bubble was fun, some people made a lot of money, but now a lot of "investors" are holding assets in negative equity. It's just how the game is played 😉

congrats!

Same here. No chance of waiting several months for a no date. A year on and no call.

oooh fascinating let us know!

Waiting for that report!

@@vinnyfrancis plenty of inventory as I said before, but not as much as previously. The reason is Head office said there must be one, no empty cases, two, there must be no more than two of the same model in the window. If they have three or more of the same model in stock, at least one must be kept in the safe. WoS head office don't want multiple same models, in the window as it looks as if they are stacked with inventory...

right!

i’ve literally had a client who only waited 7 weeks on it and other dealers have reported to me similar situations with their clients…I only report the truth of what i’m hearing, perhaps try another AD

Depends on your profile with your AD

very true

Not sure why anyone would want to look there.

The wide boys deal with a lot of young execs from the pharmaceutical industry looking to spend their bonuses. 😂

@@David-yd6ur I don't know how Trotters get away with it, must be the most desperate of desperate. They have interesting clients...

@@BAF605 Yup, exactly this

And hope to god its 100% original...... would not trust them one bit.

wow shocking really but this has not surprised me, the retail price increases of anything good have been much more than steep due to the trading price of gold rallying and the grey market just hasn’t kept up with it

Which dealer would that be?

@@vinnyfrancis good point. There were plenty of 30/40 k pieces available incuding the Pave dial yacht master He intimated I could have a discount on the rose gold yacht master and the Pave dial one also. 42k for the latter, fuck that. Maybe tempted on the rose gold one though!

Which skydwellers??

What dealer?

Yes China is really going backwards and this is 100% correlated with the west to go into decline now

Yes. Recent news of Chow Tai Fook, the famed HK jewelry chain with locations about every 500 meters in HK, is cratering. Sales were down massively YoY. If that’s a barometer for the mainland too (and very likely) I’d love to see Rolex, AP, PP send more product to the US.

It they are very durable very practical (unlike Vacherin and finiky AP) and very beautiful 😍

Fingers crossed! I have heard from other dealer and some clients that there is little to no demand for that piece, so perhaps lobby them more or try another AD

@@vinnyfrancis just an update on my situation, I have now been waiting for four months, and no joy. I have tried three other dealers, one said two years at least, one said five years, and the last one just said they are not even putting names on the list as the wait is so long and probably won’t be able to supply me one at all, so I am not sure where your people are getting them from with no wait, but it’s not anywhere near me 😂.

Singapore Market, with reference to watches, is lost in general. Still on the cool aid there

I appreciate that thanks for watching!

Thanks for watching, and who knows, these are just my honest beliefs when looking at the data but of course external economic events could arise that rock the boat. I think the genera picture of present is that the waters have calmed.

Haha damn i knew there would be one…It’s actually quite fairly priced now i believe, for the older darker bezel in unworn condition you can find for around £11500 which has held at that’s price for a few month, though i’d wait on the new bezel as i think there is still a novelty premium on this

HAHA finally someone agrees! what were they thinking...

I think it's an awesome watch, the more hate, the more I love it LOL I'm female and I do agree that it's more suited for women than men. The dial is amazing in person and it just brings a bit of joy to the day. Different strokes for different folks :)

@@apriljones2272awesome great to have you! and from when i first laid eyes on the piece i just thought a 41mm is not right for this watch, similar to the palm fiat motif datejusts, they look good on 36mm but they never made them in 41. it’s a fun watch but just not for me, i’ve always found the tiffany dial too feminine aswell, this is just a development of that watch

this is mainly due to the fact that two tone models across the board for rolex have increased by greater percentage at retail due to the rallying price of gold, the grey market just hasn’t responded to that rise so now there is parity, again not much movement on the grey price has happened lately so waiting begs the question of how long? another 6 months for a couple of hundred pounds saving perhaps?

Definitely good move to wait! It is only a watch bro!

@@vinnyfrancis Do you recommend buying a rootbeer and holding for long term?

drop drop

@@vinnyfrancis lol, unbelievable but true. All joking aside, I like your channel 😀

thanks man. Best regards, Brad Pitt

tell me about it!…dont buy it, the price is a joke, that’s all that needs saying

@@vinnyfrancis Hi I got a question about the GMT Master 2 RootBear- I have the possibility of buying it for £12,500 is it worth it?

Thanks for watching, will do!

Glad you enjoyed it!

Rubbish!

@@David-yd6ur jeez is that the best you've got.

@@derekireland1460 Would you like me to comment on your poor punctuation as well?

Makes sense. I’ve also noticed mostly smart watches over here in nyc…people with money are afraid to wear expensive jewelry due to significant increase in brazen crimes. You can buy a Rolex now and wear it around the house but not outside. What’s the point…

@@jonreiter9846agree. In LA; fortunately in a very nice community with our own police so I wear my Batman everywhere w/o fear. But when I go to the Westside I wear my Tudors or microbrands.

Thanks man, very kind of you, have a great day

thanks man and i guess to many people the fact it’s over retail doesn’t really matter because they can’t get it at retail anyway so they see the market price as the ‘real’ price

During Covid times the market was silly. I think before this hype people have forgotten that you could walk in to buy stainless rolexes no problem....and many times with a good discount! Those times are back already for Omega and Cartier. Rolex prices haven't crashed yet as stock is being held back by dealers. The same is true for big UK car network. The question is who has the biggest pockets to keep going without selling anything? For cars this cartel works....as it is a functional item..watches however are NOT! CRASH GUARANTEED FOR ROLLIES! 😅

yes the situation with this im afraid to say is not going to change much in the coming months. The problem is that the ‘event’ for which investors hoped would stimulate the market on this, has already happened by that i mean it’s discontinuation. It’s unlikely that anything will now happen to drive the market one way or another and as such unless you intend to hold for another 5 years i don’t believe it’s likely to grow in value. If we take the hulk as an example, it was produced for nearly as long as the John Mayer and has very steadily grown in the market since it got the chop, however this is a more accessible piece at that price point so not a great comparison.

Are you considering selling? I’m in the market for one

question is…when?? if it were as easy as that then this wouldn’t even be a debate

@@vinnyfrancis it’s pretty easy

what’s bringing such a tsunami recession on then? interested to hear this explained as so many other are claiming this…

Why I believe that the drop is very far from the bottom is fairly simple: The WEF agenda coupled with the Western économies astronomical debts, the wars / conflicts leading to unreasonable and stupid policies and expenditures, the upcoming taxes explosions to pay for all this, all of which will lead to doom & gloom for most people. The Western tech sector is the subject of massive layoffs which have just started whilst these high earners are luxury consumers. Then the Chinese government cracking down on luxury items with “luxury shaming”. This has had a very significant impact on the Chinese market which led LVMH, Kering, Swatch Group, Financière de Richemont, etc… shares prices to drop because of a significant decline of the Chinese market… which has just started in fact. I believe that we’ll see much more decline for 2024 when the 2024 figures will be released during the Q1 2025. Then there is the BRICS group retaliation against the bellicose Western countries policies. These will steer clear from the US dollars, a term coined as de-dolarisation whilst factually they will pull away from all Western currencies. This will lead to a drop in all Western currencies as demand will falter. This in turn will put inflationary pressure throughout the Western world. The energy costs will increase in case of a regional war in the Middle-East. Anyone holding unhedged watches inventory may be in for a big bath… Hence there might be interesting deals to be made as even AD may be under pressure to get rid of their inventory.

Wow ! My response was deleted. Why ?

@@patrickjean-philippe7679 ? never seen your reply, auto deleted by yt perhaps? write it again

hi it all depends on dial colour and spec?

haha that made me laugh, thanks i guess🤷‍♂️

@@vinnyfrancis It is a compliment. Keep it up!

Sorry to hear that, perhaps try another AD?

My one is in Knightsbridge You had someone say Stratford is the place to go ,so fingers crossed How can AD’s expect to keep you loyal when they don’t produce the goods 🤨

thanks man! It’s from the Saville Row Company, just google them😉

Glad you enjoyed it

Awesome, thank you!

Even precious metals models will drop as their margins are huge considering the value of precious metals used within their manufacture…

@@patrickjean-philippe7679 You have a point about the amount of 18 gold in a Day//Date. The thing is the gold Day/date is a beautiful watch unlike the fugly stainless models. :)

Ah ! Everyone has his/her own tastes and remains free to spend on whatever they can afford and fancy. For my part I go steel, titanium, ceramic and I buy the 1kg precious metals lingots for value. Different folks, different ways 😉

thanks for watching

@@vinnyfrancis im hunting for a 116500.. will wait as per your advice

🤦‍♂️ dumbest comment ever

VC, PP, Cartier, AP are all beter choices

That should be under warranty, because Rolex is guaranteed to have superlative standards of -2 +2 secs a day

@@key4duty I brought the watch to service yesterday and yes it’s under warranty. Still too much hassle.

If you have the current 32xx movement, it could get worse since it _might_ suffer from the low amplitude bug. If you don't know what that is, you can read all 170+ pages on the Rolex Forums about the problem.

@@moonshine_gold exactly. Why would I wait in line to pay for an overpriced watch and act grateful when they make money on me.

try it. i have a few clients who have picked them up in a matter of weeks

This is so true!