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re: The Crypto Collapse is ‘Flooding the Market’ with Rolex and Patek Philippe Watches
Posted on 8/13/22 at 7:41 pm to Jim Rockford
Posted on 8/13/22 at 7:41 pm to Jim Rockford
quote:
Forget the Rolex crash,I see a Breguet Type XX on Chrono 24 for less than 5k and a JLC Polaris for under 7k.
Talking about Rolex, Patek and AP is really burying the lead. The previously super hot watches from those three have cooled but are still well over retail (Blue SS 5711s were around $130k in Jan, peaked at $190k in April and now are at about $130k again, still over 3 times retail.
The real "news" is all the other watches that were not super hot but have dropped to even more reasonable prices. It is a buyers market but not yet for the tent poles.
3
Posted on 8/13/22 at 8:24 pm to Obtuse1
I've been itching for a tudor pelageos. If they drop too much more I'll have to do it 
Posted on 8/13/22 at 9:06 pm to Obtuse1
Yep prices have come down to more normal levels off their ridiculous highs. It’s still much cheaper obviously to get from AD. I’m on waitlist for a Pepsi on Jubilee. Hope it’s soon
Posted on 8/13/22 at 9:15 pm to Obtuse1
I still laugh about how, at the peak, watches like the 5205G-013 were selling at 70-80. Things just need to regress to the mean, and I don’t think we are far from it. I think we will be in a very different place EOY.
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