Rolex Prices Just Started Collapsing. 

we can check the prices in five years and i think u are wrong. too many millionaires and billionaires on the Planet and the FED.. the Federal Reserve keeps printing money.. but a ceiling on 50k for a Panda Daytona.. limits are in order

how many Subs are on the market to Billionaires and Millionaires in the good old USA compared to how the FED printed a ton of $$$$.. just saying .. nice video

clickbait!

That is said about Patek NOT Rolex.

@@andrevanrensburg3639 that's the joke, swoosh

I agree. It takes away from the watch hobbyists who had gotten one and take advantage from the hobbyists who really want one who is willing to pay over retail.

It going to take years to clear the dealer lists. The Heathrow T5A AD has a list with over 8000 people on it.

@MasterChief just go buy a grand seiko ... you're getting a way better crafted watch from makers who are proud about what they are making and not about the scarcity that a brand is creating. 🤷🏽‍♂️

How does it feel being a hater??

Don’t hate the players hate the game… don’t wish anything bad upon anyone

left with watch bags

Irrational exuberance is the term coined by Robert Shiller.

🤣🤣

It's so cute

No but they share bunk beds

Kinda like em - where did the boys get them from do you guess?

@@benharries8965 Petit Bateux.....

facts! i still need one pepsi for retail please

@@kuraabella My best friend, got a call for Air King within 3 weeks of request (that happened last year in May). Also he didn't have any existing relationship with AD. New client, yes still has the watch and wears is everyday.

I'd love to be able to not despise the brand again, LOL. I think Rolex is just no longer a tool watch and clearly repositioning themselves in the 5 figure range. If you want an actual tool watch at this point it's going to be literally any of the other big brands.

@@ams914 lol... wth is a tool watch?

Guys under 40 haven’t seen but 1 correction after 08

@@johnnyreddot7706 I'm not calling for a correction. I'm calling for inventory to return within 2 years. Zero inventory isn't going to be the normal for Rolex's until gold runs out. There is plenty of Gold that you can still buy on tee market. Gold is not going to double in price from $2500 to $5000 an oz anytime soon. Watches will not double in price for a while either. I'm expecting inventory to return because watches are not a good investment. Watches are luxury goods.

@@amangrayfilms1538 I agree with you 100. AD are now going to have to carry 31 models to stay an AD. The pandemic is over you will see supply come back. What goes up comes down. Always

Until the market prices approach retail again, I think AD's will continue to hide stock in their safes. The display cases being empty are a tactical decision. While the stuff in the safe might not be Daytonas, Subs, GMTs, SkyDwellers, they do have stock. They're just pretending they're empty, so when you do get a call about a piece, you think you're super special. What was actual broad scarcity is now back to limited scarcity and broad artificial scarcity.

@@gyang333 the market is changing at a fast pace I was just offered a watch for 19k less than a month ago. Some guys have already pulled the rip cord.

with the inflation we're having a price of any one thing will look like nothing compared to 5-10 years from today

@@randomname4411 Econo 101 -- buying a luxury watch, car, a bag -- isn't an investment. Buying comsumer goods isn't investing. That consumer goods get expensive by the day because of inflation doesn't make them good investments. Big Mac sandwich is more expensive now than 3 years back. Is buying Big Mac sandwiches an investment now too? Market anomaly isn't a marker norm. For investments look at real estate, stocks, bonds. Not luxury consumer goods, that's too much salesmen cool-aid drunk on your side. Aren't these two here luxury watch salesmen too? Going to take words of any salesmen as a gospel, you're going to end up in a lot of trouble. It's not like they're going to buy this junk back at the prices you paid for it, lol. Gold is going up now, but hey, who cares better off buying luxury goods ;-) Why to invest when you can simply show off. Brilliant salesmen tactics! hahaha

@@randomname4411 but you still saying that rolex is an investment! hahahahahahaha, you are too funny!!! I tell you what: buy rolex stock. At least you will get dividents paid to you. And ownership in business that produces this *consumer good*. You are confusing consumer goods with investments. It's ok, you will grow up and learn eventually.

Who buys those? 😅

And gmt2s be strong

yes. just wait patiently! i got a batman for retail last month

Maybe they will not shed a tear when your pension fund is in the same situation. Be careful for what you stand for.

@bighand69 Even though i get what you're going for, that isn't even comparable. A pension fund going bust would shatter tens of millions hard working honest people who are just trying to cover for when they can't work anymore. He's referring to the hype dealers who don't care about heritage or significance of these pieces but just want to see if they can time the market to sell at the top so they can offload as many more as possible. With that being said those aren’t all dealers and there are still some that do it out of pure passion and joy.

@@bighands69 A very very different thing indeed. This is just pure greed and a quick buck, there is no morality or ethical behaviour with this kind of dealing. These types with their greed create a very cold place to live in. They contribute very little in real terms to a good healthy society as this type generally know every cheat in the book to pay as little in. They are largely simply self centered greedy grubby little people.

The same greed as the people who buy multiple properties as an investment?

Personally I think that the HypeType flip flop flipper days are soon gone.. Now let’s pray that they don’t cause a bank run type of a situation whereby everything tanks.. deflating the hype is good.. why you would anyone think a tool watch is worth three times it’s sticker price is beyond me.. let’s go back to the times dealers would give a healthy discount when you bought a watch..

Agree. Except for the special rare Rolexes there are huge numbers of basic divers at silly prices only posers and those with way too much money would buy. And the double whammy for the greys who are too slow to drop their prices - some will start getting calls from ADs when the ‘loyal customers’ (aka flippers, friends sharing with the salesmen) stop buying.

+1. I like to say Rolex finances my international vacations - buy a $1k (or less) very cool microbrand diver, use the rest for the trip.

@@WestCoastAce27 LMAO. I just sold a rolex daytona meteorite for 45,000 more than i paid for it 4 years ago. Thats a real vacation

@@xStaman 👍 nice job. Any cities you’d recommend?

@@WestCoastAce27 I'm a scuba diver. Freeport Bahamas.

Sheeple

they are buying it as a status symbol, not because they are into watches. When you look at it that way, it makes perfect sense why so many people want those specific models.

I have owned a few kinds of watches. The rolex gmt wrist either the oyster or jubilee just hugs my wrist so well that it doesn’t bother me at all. And the quality of it 💯

Like Micheal and Christians shirts

Don't get fool alot of people buying fake watches sad🤦🏾‍♂️

When people say Rolex prices are dropping what they really mean is that the second hand market is dropping. The only issue with this is that many Rolex watches are still in short supply.

Nerd

Agree with everything except your time frame. We’re almost into May; things are going to get ugly - but not that fast. And you also forget: every day someone has a big boost in income, wants to celebrate; some are born with silver spoons in their @ss - they never stop spending; many people make really bad decisions, keep spending beyond their means.

Seems like people have been seeing more QC issues out of Rolex lately too. They used to at least have solid QC. I like some of the Rolex designs; but I'm not seeing the value in the actual watches. Shame. (Maybe I'll just a get a few homages.)

@@kleinbottled79 I think there's a perception that Rolexes are made from unicorn dust. The "we own the foundry" song can only play for so long however once you dive into the actual materials, details, tolerances, fit and finish, tech, certifications, and features and then realize its nothing really unique to Rolex and many other manufacturers are offering the same or better at much more competitive prices. If someone has to have the brand on their wrist to validate themselves, then no cost or justification is too high. For just about everyone else however, the watch world is tired of playing into Rolex's second-class citizen treatment and feeling like one has to be "invited" to own a Rolex and that its more of a privilege to be sold one than anything else. Its the same way Ferrari operates and it has turned so many potential buyers away because -- in Ferrari and Rolex's eyes -- "I'm not good enough to own the brand." Who wants to do business with a company w/that kind of attitude? There isnt a watch on the planet worth 5-10x MSRP or a 3yr wait or requiring the purchase of 5 watches you dont want and will never wear for the one watch you do want and will wear daily. Buyers are losing Rolex fanboy tastebuds and matriculating to competitors more than willing to sell them any watch they want this afternoon at MSRP or even a discount.

What’s the issue here?

"Probably" overpriced? Pro watch organisations estimate a sub to cost approximately $250 to produce. Considering rampant QC issues the MSRP is a joke for a sports watch still without things like AR. Anyway, please learn the financial definitions before you call a recession.

What? I got a blue datejust 126300 with zero spend at my local AD. Have you even tried to get on a waiting list at an AD or are just spewing the misinformation that these grey dealers keep perpetuating. Some Rolexes are obtainable at retail but you have to have a big of patience.

People are grossly overpaying for three hand Date Just that have unremarkable movements that Rolex will eventually start mass producing. I wouldn't put Rolex in the same sentence as AP. The latter's output is miniscule and have no capability of making a million watches per year.

I'm a Cartier owner, a Tank Must XL 2021 actually, with a in house caliber 1847MC, and it's both, it is a classy jewelry brand and a killer piece of horology. Cartier has nothing to prove about their watchmaking skills, whatever the watch shop you enter with a Cartier on the wrist, you're immediately getting approval and interest.

so true!! Stock market is so down 😅

Price fall if and only if sellers and buyers agree to do transaction at reduced price. Price may fall by 90% but if I and all other owners decide to cancel sales ; as buying price fall too greatly for whatever reason, then price fall is fake.

Agree. Not something I’d buy but they did a fantastic job.

for retail!!!

Reasonable maybe. But under retail? Probably not.

How does it feel being a hater and those who work hard and are successful!!

@@samuelburton5576 grey market dealers and flippers are t successful. They take advantage of people that don’t know any better. They are bottom feeders. Flipper scum

@@giloro85 Haha, you inherited a Day Date at 15 - only that they sold for nothing in the 70s or 80s or whenever you were a kid. "Thats how succesful my family is". Someone has to prove something it seems. "To people like me theyre overpriced" , like you? You make it sound like youre part of the upper 10.000 because of your lousy Day Date. If Rolex isnt luxury why did your succesful family buy one then? F`ing wannabe, i bet you dont even own a Seiko

@@samuelburton5576 work hard? Thanks for the laugh. Anyone selling a super popular brand in short supply is hardly ‘working hard’.

Waiting for getting Nautilus and Daytona at retail for years.

Yeah it is not exactly collapsing. Even if all Rolex sport models drop by 40% in the grey market, they are still more expensive than the recommended retail price.

@@jamiesieu801 how many actually bought anything at retail price in the last two years?

@@beyond36horology I purchased my very first Rolex at an AD in March. Submariner SS with 0 purchase history and 8 month wait time

@@beyond36horology I bought six Rolex sports watch here in Las Vegas. I guess they prefer locals more than tourist here. The trick is just go in and say hi once a while.

Exactly!!!