Good, prices were ridiculous in the first place.
Japanese prices really hurting the most… the yen vs dollar fall is making things look worse
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
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.
Still 10x too expensive.
This is ridiculous graph. What models are they taking about?
Line go down 🤤
Don’t believe it.
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.
I bought one.
I want one but they older models are still so expensive.
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.
Yeah, the data and anecdotal evidence line up perfectly. There’s no question about it.
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.
Not Rolex or Patek but VCO is basically at retail or below if you go grey.
Until I see Rolexes/PP/AP watches becoming readily available for reasonable prices these graphs are useless to me.
Good, I can’t wait until the grey market collapses. However long it will take.
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.
I can’t wait! Miss the days of being able to buy subs and gmt’s for less than 10k.
Watch Yourself Jorge covered this quite well in a recent video.