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The Crypto Collapse is ‘Flooding the Market’ with Rolex and Patek Philippe Watches
Posted on 8/10/22 at 5:47 am
Posted on 8/10/22 at 5:47 am
quote:
The Crypto Collapse is ‘Flooding the Market’ with Rolex and Patek Philippe Watches
Many of Many
quote:
According to the report, the recent uncertainty surrounding cryptocurrency has seen more owners unload their high-end timepieces, with supplies for the Rolex Daytona and Patek Philippe Nautilus 5711A now “much larger
If you want a new or used watch:
Chrono24
This post was edited on 8/12/22 at 10:03 am
31
Posted on 8/10/22 at 5:49 am to BruslyTiger
quote:
For the watch guys
Posted on 8/10/22 at 5:54 am to BruslyTiger
Damn, I thought this was going to be a string about lesbians, or at least lesbian porn.
Posted on 8/10/22 at 5:55 am to BruslyTiger
quote:
I saw a sign that said, 'Watch for children.' I was like, 'That sounds like a fair trade - especially if they're crappy kids.'
Posted on 8/10/22 at 5:55 am to BruslyTiger
Posted on 8/10/22 at 6:12 am to BruslyTiger
I bought a date just Rolex a few weeks ago that I figured was fake but passed an eye test. Of course it ended up being fake. I just can’t see why pay 10x more for one
Posted on 8/10/22 at 6:49 am to BruslyTiger
Saw a video that Rolex is a non profit organization? Something you didn't know.
Posted on 8/10/22 at 7:00 am to BruslyTiger
Posted on 8/10/22 at 7:04 am to soccerfüt
Excellent movie... Great cast, writing. Dry humor...
Posted on 8/10/22 at 7:40 am to BruslyTiger
quote:What i'm seeing is a Daytona with an under 20k MSRP was selling for 35 on the market they are now asking 32. Yay great deal lol.
According to the report, the recent uncertainty surrounding cryptocurrency has seen more owners unload their high-end timepieces, with supplies for the Rolex Daytona and Patek Philippe Nautilus 5711A now “much larger
Posted on 8/10/22 at 7:44 am to BruslyTiger
Watch market has been going down since April. Have patience. Getting a watch at msrp from an AD isn't going to change much especially if you are looking for a SS sports model but if you are wanting lesser desirable pieces like TT datejusts, Milgauss, Explorer's, Oyster Perpetuals, Yacht Master's etc you will start to see these in cases. Grey prices are coming down weekly. With another .75 rate hike scheduled for September this is only going to continue many of the Grey's bought at all time highs and are way over leveraged. Now is your chance to low ball them on offers. Many are still asking delusional prices hoping to rope in a sucker.
Posted on 8/10/22 at 7:46 am to achenator
quote:
What i'm seeing is a Daytona with an under 20k MSRP was selling for 35 on the market they are now asking 32. Yay great deal lol.
These were trading for $40k and up in March. You can get a black dial for $28k right now. The prices are coming way down. Asking prices are just that the actual sold price on these is much lower.
Posted on 8/10/22 at 7:54 am to ronricks
quote:
These were trading for $40k and up in March. You can get a black dial for $28k right now. The prices are coming way down. Asking prices are just that the actual sold price on these is much lower.
The watch market, in general, reminds me of crypto in more ways than one.
Personally, no matter the wealth, something in a mid-range Omega is the most I’d ever consider paying for a watch.
This post was edited on 8/10/22 at 7:55 am
Posted on 8/10/22 at 7:59 am to salty1
Omega makes great watches. So do other brands. My AD has told me all the Rolex/AP/Patek hysteria has done wonders for his other brands like Omega, Breitling, etc. People that can't get a Rolex at msrp have simply given up and moved onto other brands that are far cheaper and easier to get.
Posted on 8/10/22 at 8:08 am to BruslyTiger
At the start of Covid, I actually had the thought "huh, I wonder if I can catch some good deals on used luxury watches because people feel a financial squeeze..." only to watch the watch market skyrocket from that point on. I've given up on trying to figure it out 
Posted on 8/10/22 at 8:27 am to ronricks
quote:
Omega makes great watches.
My wife (then fiancé) gave me an Omega Seamaster as an engagement present since I bought her a ring about 20 years ago. I haven’t looked at the pricing since until today and it’s interesting that I can likely sell it for equal or greater than she paid for it then. I never thought a watch would hold or increase in value having worn it. I assumed it would be like a car.
Posted on 8/10/22 at 9:01 am to BruslyTiger
Only poor wear a watch. True ballers wear a timepiece.
Posted on 8/10/22 at 9:02 am to BruslyTiger
This is the upper-class Baw equivalent to oil field Baws selling their F-350's.
Posted on 8/10/22 at 9:07 am to Fenster
I’ve been trying to determine how much money I want to spend without feeling guilty. Currently looking at an Omega Planet Ocean 8900 for around 3500. Also looked at Ball Engineer M Skindiver but that would be MSRP as nobody is really selling them. Not a big fan of many others at lower prices as I want a durable watch that won’t scratch easy so looking at sapphire or ceramic bezels. Would like a COSC watch so I won’t have just jewelry on getting -45/+35 s a day
This post was edited on 8/10/22 at 9:08 am
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