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re: Whose got a Rolex?
Posted on 4/11/20 at 2:27 pm to Cracker
Posted on 4/11/20 at 2:27 pm to Cracker
quote:
Are seeing any value right now in the secondary market yet with the economy down turn ?
I have not been watching the numbers that close but there does seem to be a softening of the market. I don't think now is the time to buy though as I expect you would be grabbing a falling knife. It is so hard to predict in this scenario since there is no modern historical data for a time when the supply of new watches was zero with all the manufacturers closed. If you look at 2008 the prices only took a short term dip and started cranking back up by the end of 2009. In the end this is uncharted territory.
1
Posted on 4/2/22 at 10:05 am to Obtuse1
quote:
I have not been watching the numbers that close but there does seem to be a softening of the market. I don't think now is the time to buy though as I expect you would be grabbing a falling knife. It is so hard to predict in this scenario since there is no modern historical data for a time when the supply of new watches was zero with all the manufacturers closed. If you look at 2008 the prices only took a short term dip and started cranking back up by the end of 2009. In the end this is uncharted territory.
Now that everyone has seen incredible gains in the value of their Rolex(s), any changes in your thoughts on this, Obtuse?
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