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re: Rolex issues statement on watch shortage
Posted on 9/23/21 at 9:21 pm to Dragula
Posted on 9/23/21 at 9:21 pm to Dragula
quote:
The majority of general public knows little of watches but they know Rolex. Same with automobiles and Ferrari.
With the number of Rolex look a likes on the market for the last 30 years I suspect there are a ton of misidentification. Unless the dial color is one Rolex never made I have to get fairly close to verify it is a Rolex and Oyster bracelet and Cyclops across the room is't good enough.
The majority of people certainly recognize the Ferrari name but line up 5-6 hypercars and a lot of people couldn't pick out the Ferrari(s).
While it is certainly not 100% the vast majority of people won't notice what is on your wrist. However, there is no question of all luxury watches Rolex is the most well known outside the watch community.
1
Posted on 9/23/21 at 9:23 pm to LegendInMyMind
quote:
The smarter buyers/investors are the ones figuring out what will skyrocket in value next. They were the ones buying every Rolex they could get three or four years ago.
Take the next ten minutes to think about what hasn't spiked and crashed as a collectors item yet. Then post it here so we can both get rich.
Posted on 9/23/21 at 9:24 pm to Dragula
quote:
People are paying 2-3 times retail for Rolex when they could own a AP, PP, and AL&S. The general public knows little of the those 3, but are opting for the Rolex. No doubt Rolex has outstanding quality, but there are better timepieces that can be had for what some are paying.
Sure, but there is also value in buying the benchmark, at least in the eyes of the public. Especially in tumultuous times.
Posted on 9/23/21 at 9:26 pm to Obtuse1
Marucci bats.
Posted on 9/23/21 at 9:33 pm to Jim Rockford
My wife always buys me one of these "AP" watches for special occasions. Honestly I think she just feels sorry for the jeweler. Probably reminds her of her grandpa or something.
Posted on 9/23/21 at 9:35 pm to fancy like applebees
quote:
Take the next ten minutes to think about what hasn't spiked and crashed as a collectors item yet. Then post it here so we can both get rich.
You're proving my point.
Just like with the sports card boom right now, the people making money are the ones who buy the cards retail or pay a premium for boxes in hopes of hitting a big card. They're selling at ungodly prices, but the collector is going to get burned because the majority of those cards are not likely to appreciate very much beyond what their value is now.
Knowing/sensing that breaking point can make you alot of money or cost you alot of money. Getting in early on any craze is always going to pay off better than getting in late.
The NFT market is another good example. Stuff that had little real value even just a year ago, such as photography, is commanding unreal prices in that market now. Is there a future in that? Maybe, but I don't see it sustaining where it is now, or really anywhere close. Yet, some people are making good money in that market right now.
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