What do you think's going to happen next? Crystals balls at the ready!

@WMMFY

Жыл бұрын

Not much ngl, i think prices will have a little increase in the summer months, between 1% - 5%, and then hold steady the rest of the year

@denisalg1171

Жыл бұрын

Just as Rolex officially entered the pre-owned market. Interesting...

@billcore6295

Жыл бұрын

I pray that Rolex 🙏 prices drop below msrp.... just to let Rolex that their crappy tactics affect their brand

@Giovan_Nino

Жыл бұрын

@@billcore6295Dream on…

@jonjames4522

Жыл бұрын

So many people sitting on a lose the minute prices starting going up they will be selling into it.

After all the games that Rolex and their AD's have played over the last few years, I couldn't care less.

@johanhirte9661

Жыл бұрын

I do !!! I don’t want all these guys now going out to buy JLCs, Zenith, GO, Ulysee Nardin and Jaquet Droz watches !! Let them stick to the Sub and whatever.

@boblong101

Жыл бұрын

@@johanhirte9661 they’ll flock to AP. I think VC, JLC, Blancpain, etc may be against the “refined” taste of some

@ftir1450

Жыл бұрын

I agree. As someone who wanted a Submariner and naively thought I could get one from an AD (that was about 4 years ago) I couldn't care less. Just got a Speedmaster about a month ago and couldn't be happier. The best part is that I was able to order it from their website!

@gaymondlee7198

Жыл бұрын

exactly, i got almost everything i asked for but had to buy extra diamond jewelry i never wanted. So after a 6 figure spend I am telling myself no more msrp + 10k spends (ok if i get offered a panda sure, maybe) for crap not even worth the sales tax on that amount. I look forward to being able to turn down the unwanted crap that is allocated to me or just getting back to the ADs actually wanting my business. I have 1 great AD not gonna lie, a few others were such POS with almost active disdain when you inquired about anything rolex related that it would almost turn me off to the brand if I were a newbie trying to acquire my 1st rolex (my 1st was in 1995). In the mean time my 12 yr old daughter's all filled up with jewelry. Next extra spend amount jewelry was going to go to my pet

@markgilbertson1564

Жыл бұрын

Crashed? Is this a comedy sketch?

For anyone that bought a Rolex because they thought they’d make money off it or get rich quick they deserve it. For me I love my watches so I buy them because they mean something to me. Sick of non-watch enthusiasts ruining it for genuine watch lovers.

@jamesrobert4106

Жыл бұрын

This conversation is between representatives of one such business and the owner of another. Businesses selling grossly overpriced, pre-owned watches.

@ssolariss

Жыл бұрын

This is like stock. If you buy and sell at the right time, you make money. As for enthusiasts, yes, we are the ones that are screwed, because in this market we couldn't buy.

@jazzman5598

Жыл бұрын

Well said.

@gyurma7

Жыл бұрын

Everything has a good side and a bad side. If it weren't for the craze, a lot of watch brands wouldn't be so well-known, since the majority would buy the popular models. In fact, whoever can provide quality to customers will be able to make a profit and continue to build.

@gyurma7

Жыл бұрын

​@@ssolariss For watch lovers, this is an excellent opportunity to look around and find the next up-and-coming talent.

So…Rolex prices have gone from UTTERLY ridiculous to “just" somewhat ridiculous?

@johnkidd797

Жыл бұрын

Get a Grand Seiko, they're expensive but they are worth every penny. A different league to Rolex.

@a_brodo3158

Жыл бұрын

@@johnkidd797 different league of case size and thickness too

@mitchhifi9192

Жыл бұрын

​@@a_brodo3158 they have thin watches as well, I'd say the Rolex sits more proud than most grand seikos

@a_brodo3158

Жыл бұрын

@@mitchhifi9192 yeah but their sports watches wear like tuna cans, it's annoying that even though people rag on them for the hype rolex do some of the only divers/chronos/gmts with cases of reasonable thickness

@johnkidd797

Жыл бұрын

@@a_brodo3158 Omega do it better.

Basically, confirming just about everything we already knew. What is intriguing is that it appears the secondary market has become a game of hot potato, AD’s selling to dealers, dealers selling to other dealers who look for another dealer or a sucker (I mean consumer) to absorb the multiple markups. Sounds like a classic bubble to me. It’s no real surprise that Rolex basically condones the behavior, or at least passively tolerates it. They have become DeBeers. They created a market for their product through advertising, they control the supply and thus can set their own price without fear of competitive influence. My friend works in the luxury goods business and shared this thought with me: you know how to tell how much a luxury good actually costs: try to sell it back. Holds true with jewelry, cars, diamonds, and yes even watches. My only suggestion is don’t play the game, or at least don’t be the guy that gets caught holding the hot potato the longest, you’ll get burned…

Wait a minute. Does this confirm our suspicion that grey market dealers buy a bunch of watches from Rolex AD's directly?

@waltersobchak4079

Жыл бұрын

Roman has a vid on his channel from a few years back interviewing a rolex ad he buys from going over all the shady activity, can prob find it searching his name and rolex ad. The ad remains anonymous, shockingly enough

@LudicInterface

Жыл бұрын

​@@waltersobchak4079If you think that's shady you should look into these Swiss watches being used as a vehicle to launder/move money.

@oysterman962

Жыл бұрын

Of course the ADs are hoarding stock. Where do you think the 1 million Rolex watches are? They're not on anyone's wrists!! They're in an AD's vault hoarded like gold bars at Fort Knox. You hear stories of certain individuals and celebrities just rocking up into an AD and immediately been offered whatever they want. Do you think the AD has a magic factory out the back where a golden goose just lays a Rolex? They obviously have them in stock & select who they sell to. I've noticed recently that the unloved sports models are becoming easier to acquire at AD's. These are the Explorer II, 40mm Yachtmasters on steel bracelet & Air King, Milgauss and some Sea Dwellers. The reason is because the demand for these on the grey market have fallen and grey dealers are trying to panic sell them at close to MSRP. This has therefore made it useless for ADs to hold onto them, so ADs are offering them for sale more readily. If you walk into an AD today and ask for any of those dog sports models, you'll most likely get a call from the AD in a few weeks to pick it up. You should then tell the AD to screw themselves.

@AAnt1993

Жыл бұрын

Exactly!! Isnt this grounds for them to lose their affiliation!?

@oysterman962

Жыл бұрын

@@AAnt1993 Rolex will most likely open their own boutiques and ditch the AD partnership. Tudor have already started opening boutiques, so Rolex will most likely do the same and reduce the AD network. Then they can fully control supply and distribution as well as the CPO program. Once they occupy this space then ADs and grey dealers will slowly disappear because they will be priced out or unauthorised and unable to service Rolex watches anymore. Rolex will then be able to increase their prices to make the brand uber expensive.

I'm cheering! Let those prices fall down to reasonable levels

@BobbyDazzler888

Жыл бұрын

You mean msrp? The price what the manufacturer believes thats what their product is worth?

@criose

Жыл бұрын

Preach!

@AH-mj1rd

Жыл бұрын

Hope it falls to citizen prices, those bastards have played the market

@alwayspooh1588

Жыл бұрын

@@BobbyDazzler888 And that is the key point: what the manufacturer believes their product is worth!

@kevinhopkins2194

Жыл бұрын

Totally agree

The irony in Watchfinder doing pieces about plunging Rolex prices when they’d been at the vanguard of UK preowned hyped prices. Perhaps this should have been “watchfinder took a bath on Rolex”

Maybe one day, we will be back to a normal situation where instead of having pre-owned prices leading up new watch prices, we will have pre-owned rolex being significantly under new rolex prices; Like any pre owned goods.

I stepped away from Rolex a while ago, after basically being told to "fk off" by Rolex A.D.. if they think I'm not good enough to buy a Rolex, I don't want to give them ANY of My 'hard earned'

@SonOvaSon

Жыл бұрын

My Rolex AD was nice to me but they supposedly didn’t have any stock oh well I’d rather get a Cartier for the price anyways 👌

@alwayspooh1588

Жыл бұрын

Go to any Omega boutique and buy any watch you want right there and then!

@mrmagoo.3678

Жыл бұрын

@@alwayspooh1588 I DID! lol.. went in.. and walked out with a Speedy!.. loved that watch too!

@mrmagoo.3678

Жыл бұрын

@@SonOvaSon I'm with you on that.. I want a Santos in the collection at some point.

@thecookingshorts

Жыл бұрын

@@SonOvaSon santos is too sick

The best thing is simply to not play this game. There is an abundance of quality watches at a fraction of the price and actually easy to buy! Think of that. Actually easy to buy! If you want to buy a Rolex you can play by their punishing arbitrary rules...or you can not be a masochist and just buy a nice watch at a reasonable price.

Been saying this will happen for years, just wait until the next big recession…. Coincidentally I was jewelry shopping today and the AD asked if I ever got the watch I was wanting. I replied no, he pulled out a new SD43 and offered it to me. I politely declined. I’ll wait until he wants to offer it to me with a discount!

I own a Rolex, a Tudor and an Omega. Rolex is overpriced and the market manipulation is corrupt.

@Cripinub1

Жыл бұрын

Omega and Rolex owner, omegas are class! Speed master over a submariner any day!

@Mega-zi7ys

Жыл бұрын

​@@Cripinub1yup

@fbisono66

Жыл бұрын

Really😮 Iam looking @ the Datejust anywhere I should look?

So does this video really confirm that dealers like Roman buy in bulk from ADs? Man, how disappointing if that is the case.

@garyboyle695

Жыл бұрын

He's just confirmed what many suspected and if you think Rolex are unaware of this, I've a car to sell you, one previous owner, a nun who only drove it on a Sunday.

@michaeladams9744

Жыл бұрын

Did anyone have any doubts about that?

@BabyJesus66

Жыл бұрын

Nah don't worry, and keep waiting on the list. 😒

@garyboyle695

Жыл бұрын

@@michaeladams9744 No but to actually hear it removes all doubt.

@tillist1

Жыл бұрын

Yeah forget this guy. Hope he loses money on all his watches.

He's right on the Rolex AD's. A good friend of mine is a Rolex AD. He is cut throat ruthless when it comes to business. But like Roman said, he was stock piling Batman's, Daytona's, Pepsi's, etc...and just raking it in.

@Weakeyedominant

Жыл бұрын

When they told me they only received 1 stainless Daytona owe year I knew they were lying. They only sold 1 per year to one for their clients. The rest went out the back door to trusted associates for well over retail. No way an AD is selling them at retail and losing 10k.

16:10 ”I don’t think Rolex gives a shit” And yet they decided to enter the preowned market for the first time in history when the resale prices started to fall.

@JOHNNYSD-43

Жыл бұрын

100%

Why apologize to the flippers and corona dealers?!? They're the reason I couldn't finally reward myself with the Rolex I spent 40-years working for. My financial success had the bad luck of coinciding with these clowns, and my dream is gone. I didn't become financially successful because I buy things thousand of dollars over MSRP. So no Rolex for me.

Why is this guy in every watch channel . He is a salesman

Maybe because many people are done jumping through hoops to buy a dive watch that has been around for 60 years and go to manufacturers that actually have their watches in stock.

@user-gb5sh5gv3m

Жыл бұрын

Rolex is starting to realize they're not the top dog anymore. People are starting to just buy Omegas and Tudors instead, this competition is amazing for the market right now.

@JackoWillMakeLives-loveu

Жыл бұрын

@@user-gb5sh5gv3m Rolex has 4x the market share of Omega so not sure how your comment makes any sense

@garyboyle695

Жыл бұрын

​@@JackoWillMakeLives-loveuAs Rolex do not publish company accounts how do you know their turnover?

@theshadowman1398

Жыл бұрын

@@JackoWillMakeLives-loveu They can have all the market share they want. If when a walk in to a boutique or official dealer of the watch brand that I want to buy and I will be told that I will have to wait months or buy other stuff to eventually buy a Rolex I will give them the finger and go and buy the next best thing that is actually in stock and I don’t have to do a song & dance to be able to buy one.

@sarfaraz185

Жыл бұрын

@@user-gb5sh5gv3m Rolex has market share more then Omega & Tudor combined wtf you talking about

I am wearing a Zodiac that I paid just over 100 Dollars. I really like it. It looks great. It tells accurate time. Rolex market can do what it likes. 👍

Enjoyed this one. All the right questions and Roman is fascinating to listen to.

Rule of economics is, if supply is low and demand is high- price will go up. But what's happening is price dipping, supply is low... Is high demand fake? In my opinion, desire is high but demand is questionable. Something is not right. Is the Rolex itch slowly dying?

Well done that was definitely the most honest interview I’ve heard in a long time. Keep em coming

Duh. There is no reason for the overinflated value of Rolex. Their quality isn't that good. They should be selling for under $10k. Glad the bubble burst, because it started to effect other watch brand prices.

@threethrushes

Жыл бұрын

Rolex is the equivalent of Harley-Davidson: trading on massive brand recognition and putting all the character points into marketing.

I don’t fuck with flipping rolexes, it’s a mugs game full of mugs, but I will tell you with a fairly high level of certainty that we are looking at a fairly large recession this year and Rolex prices are going to take a shit off a cliff. Pay only what you have the budget for, but don’t expect to make a quick buck in this market any time soon.

“Links for Roman’s channel will be below.” Narrator: There are no links.

Happend to GPU's aswell during covid. Scalpers and flippers drove the price crazy, market is still affected by their greed

Still have my Rolex submariner from 1958 back from service ! I buy vintage watches to wear not to sell 😉

@garyboyle695

Жыл бұрын

Did Rolex service it?

@mjdm1925

Жыл бұрын

I thought Rolex wouldn’t service anything over 30 years

@savariaxa

Жыл бұрын

@@mjdm1925 Not Rolex but my independent watchmaker I know him for many years he is the best all of my vintage watches I have serviced still running great cleaning adjusting spare parts time grapher his knowledge about vintage watches in general is outstanding !

@Tholopotami

Жыл бұрын

Same here, I love watches to Enjoy them.

@garyboyle695

Жыл бұрын

@@savariaxa Thanks, so much better than a Rolex service.

Great video and really helpful advice and comments about the watch market. 😊 thanks

This guest is both simultaneously funny and cringey the way he talks about "everybody and their mother" was flush with cash because "the US and governments around the world were printing 40% more money than they ever had before". This guy is SO out of touch with the average person. In most countries, NONE of that money went to the people. It went to businesses and proping up their stock markets. In the US, most people got around $1,600. I wouldn't call that Rolex money. Most people lost their jobs and/or lost sources of income far greater than what their governments gave. You would never know any of this, listening to this guest. He talks about Covid like it was the second coming of the roaring 20s. He's been living on Planet 1% way too long.

Watching this while wearing my $50 Stewag Wehrmachtswerk from 1955 and trying really hard to relate to the watches (and prices) that Andrew and Roman are talking about.

Best way to see what’s really going on in this market is get a quote from watchfinder or one of their competitors to buy your Rolex. See what they’ll give you for a true reflection on this price crash. I bet you’ll find there’s some models they’re won’t even buy.

this was one of the most interesting intervews ever. So many information on how really the watch market works.

Great to see Roman on here! Wasn't expecting that.

Not even a KZreadr but Andrew literally convinced most of my purchases including Seikos and Bel Canto.

An awesome and interesting episode. And at the same time something like buying a wristwatch has just had way too much drama over the last two to three years. I want it to be rewarding or at the very least a fun experience for putting down hard earned cash...as a reward to ourselves and loved ones.

@namvetsgt71ify

Жыл бұрын

Me too. Why I buy Seiko, Orient and Citizen. Fun, cool and affordable.

Incredible explanation and update. Thanks!

assets generate an income, watches do not generate an income, therefore they are not assets watches are simply speculative purchases

I don't know nearly as much about the watch industry as the three men talking here, but I do know one thing: I started tracking a specific model of Rolex around the holidays of 2021. Right around the new year 2021-22, its estimated value on Chrono 24 peaked. At that time, the website listed around 330 of this model available. Just over a year later, the same model is valued on Chrono24 for nine thousand dollars less, and there are currently almost 1,200 available through that site alone. That's it. That's all I know about Rolexes.

@Mega-zi7ys

Жыл бұрын

Yup and the fanboys and KZread so called experts and rabid fanboys would like you to believe they're rare. Go to Asia and they're literally on almost everywhere - genuine ones.

The business practices of Rolex, and their ADs, makes me want to buy a super clone purely out of spite.

@HansZarkovPhD

Жыл бұрын

I already have

@stevensmith8075

Жыл бұрын

Same here....$400 out of China

@stupidocanerosa

Жыл бұрын

I believe it's a pure waste of money. You better spend them on something else than a fake Rolex because at the end, it'll always be a fake one. A Studio Underd0g will always be a better choice. A better watch. Spending money on fake watches helps the hype on those brands and the only damage you wish to do to the brand in reality you do it to yourself. Edit: by the way, the feeling of being a poser will always be there. No matter if people cannot spot it's a fake one. You'll be the one who'll always know it and after a few days it'll end in the drawer.

@skoffco

Жыл бұрын

I always say those that wear a fake item are only fooling them selfs😝😝

I moved on from Rolex to Grand Seiko…. Not going back!

Roman is a secondary market dealer. He did not mention that Rolex AD calls are coming much faster than at this time last year. We are a case in point. We got calls from two ADs, with no buying history, in the last six months, for the Rolex models we wanted. Rolex makes approximately 3000 watches a day. None are going to ADs in Russia, the crypto buyers are way down, and the Chinese real estate market downturn has taken a number of Chines out of the buyer pool too. In fact, there are numerous reports that Chinese are selling their luxury goods at a loss to cover their debt. Check n with your AD, you may be pleasantly surprised.

@melondoc

Жыл бұрын

I think chances on Explorers and OPs are better but no chance on GMTs, etc.

25% drop is not enough for the insane resale price. Only those who own rolex think it is huge drop

I would have preferred to see the video of the POD as well. thanks.

Will the price drop create less demand and bring down the price further? I hope so personally so that I can purchase my grail

So much wisdom here! Thank you for sharing your perspective Roman.

The 25% crash isn’t reflected in your prices on the site.

Great interview. Real talk about the market is refreshing.

This is a discussion between two of the companies responsible for the state of the watch market as it stands. Prior to Watchfinder existing along with the rest of the glorified flippers, there was stability in the market. Watchfinder are the biggest culprit considering they are aligned with one of the biggest corporate entities.

@Prockski

Жыл бұрын

Without them though, a lot of new enthusiasts may never had found the watch world and pieces they cherish.

@kymathewteixeira1195

Жыл бұрын

​@@Prockski why should that cost us ridiculous money. They profit. There are thousands of ways to learn about watches then believing anything people tell you on KZread.

@gheebuttersnaps5366

Жыл бұрын

No, watch prices were a by product of 2020 free money. Every asset class went up my friend. You think it was watchfinder’s fault? Comedy.

@vaughanatkinson8421

Жыл бұрын

Well you hit the nail on the head there Watch COMPANIES, not charities!! They were set up to make money, profits etc...the fact of the matter is that the people who set them up realised there was a niche and people were also realising a value of the product....tbey were not the drivers of demand, more servicers of the demand. The hype lays elsewhere, and as such believe you are wrong in the summation that these companies are responsible for the ridiculous state that some prices reached...even Roman was aghast of a 60k Daytona!!

@jamesrobert4106

Жыл бұрын

@@gheebuttersnaps5366 They were grossly inflated way before the pandemic.

How does someone get into the industry?! I would love to work for someone who knows watch fixing or making for maintenance/ repair. Sadly on the east coast there’s not much as far as business opportunities go. Do I need to go to major metro area where ‘money’ is ? Is it that simple?!

What type of question is that, you see the banks failing. This is the last thing people are thinking about investing in.

Cartel is here!!! I couldn't predict this one. Your next guest better be the Wizard 😂 When Roman said: Guys like me and you Andrew, for a moment I was picturing Andrew wearing a Balenciaga tshirt with ripped skinny jeans 😂😂

@eyeheartsushi2212

Жыл бұрын

😂😂😂😂

Thumbs up for getting Roman on the pod.

I love when two experienced watch market dealers get toether! I learn a ton. Andrew asked the questions that many of us want to ask, and Roman is one of the most candid people in this business!

Excellent presentation and a real-world of the current watch market. Greatly enjoyed the insights, views and thoughts.

I saw this coming over a year ago! Been warning people that most used rolex will go below retail and the prices are going lower, this is only the beginning!

@CB-DW

Жыл бұрын

They’re still crazy high, nowhere near retail list price…

@mattcook3801

Жыл бұрын

I can see the hoarders flooding the market very, very soon. Their business model won’t support holding the stock all of this year, they’ll collapse.

@SGfamilies

Жыл бұрын

Nah, thats what you want but it aint gonna happen like that

When a guy like Roman talks this long I know I'm losing money somehow. Thankfully I'm not a watch flipper. That was a really interesting explanation of how he saw it from a buyer/seller perspective.

@LudicInterface

Жыл бұрын

And most of what he says is BS buddy. The reason they tanked is Asians were in lockdowns and they couldn't fly the watches to Western countries for resell to launder money out of their home countries. Same goes for Roman with his Russian ties. Yeah I know the lockdowns ended but do realize there is a delay in any market before such is seen to affect it. Understand that most of these people are involved in money laundering operations and have ties to overseas organized crime.

So happy the mkt is getting a correction .not sure if the second shoe has even dropped yet

If you paid over retail thinking you would sell it for even more then unlucky. If you listen carefully you can hear me playing my tiny violin for you. They are very over priced at retail and the idiots chasing money to make money through watches is the worst thing to happen to watch enthusiasts ever. The wise ones sat back and didn’t take part.

So in essence anyone who bought a Rolex above RRP was a mug, secondly AD’s we’re taking full advantage by stuffing their own customers to make 3x mark-up and inflating the so called “wait list”. Greed, pure and simple.

One of the best episodes with a guest feature

Never pay over retail for a watch. Never

I bought an old datejust 016234 in April of 2020 for $3k at a coin shop. I sold it last November for $4,300. I never intended to be a watch flipper. I guess it just kind of worked out that way. It was fun wearing he watch I wanted for a little while but my g shock still works and it’s kind of cool that I got paid to wear a watch for 2.5 years. I want a new datejust with the solid end links and center links but I want to buy it as a complete set from an AD.

I'm sure Sharrf was taking into account that two US banks went belly up over the weekend. That's bound to put upward pressure on Rolex prices. 😂😂

I'm now (finally) in a position to afford and can kind of justify a Sub-date, but now they're £9k RRP and I can't actually buy one from an AD. Rolex have caused this situation and have even joined in the used market inflated pricing with their pre-owned watch scheme. Instead, I'm going to go with the Santos de Cartier and not only have a more interesting watch, I'll have enough left to also get my SO a Tank 😎

@mytuberforyou

Жыл бұрын

Good call.

Like the Chinese proverb goes: Man who drops watch in toilet has shitty time.

Great collaboration! Nice out of the box thinking here. Keep up the interesting guess. I L⌚️vVE the content!

During the pandemic i bought a Omega annual calendar for half msrp and be happy with it, i dont believe in hype especially with watches. My omega go up in price after the pandemic and will continue to go up as it's now discontinued (and the value of gold in the watch go up). But i have no intention to sell it in the next decade or so. I'll buy a Rolex when it's fully available like before (I walked in AD in 2019 and all the gold/two tone GMT, sky dweller, yatch master... were there ready to grab). If it's in the 10k+ range it better be gold !!!

Great video guys, this Roman dude clearly knows his shit. It’s nice to get a knowledgeable opinion from across the pond

It's amazing how that works. Thank you for the great video. This explains it.

The demand is questionable. I know a lot of people who wants a Sports Rolex ,but when the watch is Infront of them, they turn away after knowing they need to pay premium.

This guy is a joy to listen to. Straight forward and very knowledgable!

Interesting,may I ask to Roman how is his friend called Wizard doing?

Visited a Rolex AD in April 2022. Display Models Only in the shop. Salesman said only one model was available to order, but would be 3 months to delivery. I was keeping my friend company who wanted to buy his&hers as "an inflation hedge". I thought he was nuts, but not my place to say. Sure enough, the Rolex resale index is down 23% since than date. A fool and his money are easily parted ...

Would be interesting to see if demand decreases due to people seeing decreasing demand, the ultimate catch 22.

Very interesting. Great job Andrew as always. Roman great knowledge and a professional of the industry. ADs helped to manipulate the market that’s no shocker.😡

Did anyone think rolex prices were going to stay inflated? Banks are falling and we are about to feel the pain. Pricing will follow the general market.

I traded a carton of eggs for a Rolex explorer….

Wise words. I'm watching Milgaus 116400GV drop and will likely buy at under $6,000

Where was Roman with this analysis when shit was going down? Hindsight is 20-20 but also useless.

@lit581

Жыл бұрын

Apparently he seen it all coming

👍👍Andrew, Tom, and Roman. Epic! Bring Roman back, please. So insightful.

Sadly, where i am staying in Asia, rolex prices haven't really "Crashed" 25%. there's a decrease in price, but they are still above RRP. I recently went to a rolex AD to check on prices for a datejust with gold/steel jubilee bracelet and a white dial face and sunburst dial. it was going at U$13k, i thought that was quite mad for a date just. then i checked on the 2nd hand market and someone was trying to sell the same watch at U$14K. yes the price is higher than RRP, that was expected, but the difference from RRP was way lesser now. i remember at the peak it was going for U$16k and even more for some other datejust variants. In asia, the prices are quite a range, in Japan and Korea, Rolexes can be much cheaper than the west. But moving southwards, like south-east asia, rolexes can be much more expensive. Though i find Rolex prices in Singapore and Malaysia more stable. Thailand and Indonesia, the rolex prices are still very high since they cater mostly to the very rich in the country. I am not familiar with the rolex market in China, but I am going to presume it is the same as Thailand and Indonesia, where only the really rich will buy. I went to some pawnshops and some 2nd hand watch dealers recently and saw that their prices are really high still, and when asked, the owners can only say that they bought it at a high price during the peak, so if they follow the western prices, they will be making a lost.

@LudicInterface

Жыл бұрын

And do you know the reason for this? It's because luxury Swiss watches are used as a vehicle to launder/move money out of Asian countries to the West.

@oysterman962

Жыл бұрын

@@LudicInterface Yes. It is true that criminal syndicates are using watches to launder money. They have diversified on their portfolio of property, gold & cash. Wearing an RM or steel sports watch through airport customs is so much easier to transport hundreds of thousands of dollars legally than having suit cases full of cash. It was partly influenced by criminals that made steel sports watches and carbon RMs high in value. Do you really think Nautlius & Royal Oaks in steel are worth more than solid gold watches? It's a ponzie scheme designed to trick you. It's only worth what criminals are worth paying for them and everyone else just followed the hype. Once criminals have exchanged a watch for hard currency they convert it into gold or property. There was a bust & arrest recently in Australia of a Sydney based triad syndicate that was laundering money in this way. The police said the haul of watches was so significant that even one individual watch seized was worth more than the average man's lifetime salary. Also the vast amount of commercial properties they bought with the laundered money, based in the CBD and in affluent suburbs, that the combined value was so significant it had an impact and influence on the increase in real estate prices in Sydney. There is now an investigation of the severity of such activity. I wouldn't be surprised in the future if watches will need to be registered or additionally taxed over a certain amount, or declared at airports if they're worth say $10k or more. If these harsh measures get passed as law, I guarantee the price of luxury watches will tumble in value.

I have been hunting for a new batgirl for the last couple of months and saw that second hand prices are 2x of retail… from that point on I knew it was a bubble and just needed to wait for it to pop. Once that happens, I am gonna dunk on every AD I have spoken to as I potentially purchase the piece below retail

Not a Roman fan, you can thank guys like him for artificially raising the price of Rolex, thus making them harder to acquire

SVB crash is going to be a dampener in this market. It’s a cat bounce.

DJ41's in blue are still 12-14, so it's not dropping enough.

💯 this enormous uptick in the market is just part of a cycle that occurs in various markets from time to time. There will be a reversion back to the mean on prices for Rolex, the AD’s will have to learn how to sell and build rapport with retail customers once again. They can enjoy the time gouging gray market dealers and customers, but when the tide shifts they’re gonna have to pivot or go belly up.

What's the difference between a flipper and a reseller? Both try to squeeze a profit out of watch buying and selling.

... Was Tom actually there? Well done Roman for a.great insight 👏👏!

Cmon baby! Below retail Explorer II Polar dial, here we go!

This whole situation just made me stay away from Rolex. I refuse to participate in this insanity when there are so many other good brands that respects the customer.

@JackoWillMakeLives-loveu

Жыл бұрын

Rolex doesn’t sell to the end customer. They sell to their authorized dealers. You should be mad at them. Why don’t people understand this?

@tomedinburgh4490

Жыл бұрын

​@@JackoWillMakeLives-loveu Rolex haven't held AD's accountable. Too much dealing to their friends and under the table.

@alwayspooh1588

Жыл бұрын

@@JackoWillMakeLives-loveu Watch seller versus watch maker argument! Rolex are a seller, not a maker.

I love it. Now there are a bunch of those watches in the grey market and flippers hands, so hopefully it will be much easier for the real collectors get the watch that they want.

Crashed where exactly? Still cant find anything either AD or grey at anything that looks realistic..

Só AD’s sell for above retail? Not where I am, so they’ve no reason to stockpile.

I understand he needs to end by saying prices will rally but I don’t see how this is possible considering the US and global economic situation. We are most likely headed into a recession and sellers may start dumping inventory to get the highest price they feel they can get now

I suppose Roman has to big up the watch market, it’s his living and he could be in possession of his stock losing a lot of money. But let’s be honest, most of the watches, even if you can buy them at list are vastly over priced, vastly.

Very informative ... thanks for sharing!

Rolex is adding serious production capacity, coming on stream soon. Meanwhile, resellers might be looking to get rid of stock as prices come down. It’s not inconceivable that dumping secondary market inventory could cause grey market prices to drop BELOW MSRP for some models. This would well and truly kill the grey market.

@dannysimenauer5745

Жыл бұрын

You are correct in Rolex adding capacity, but it is not coming online until 2025 and 2029. I think since the grey market buys and sells Rolex quickly, it will survive and adjust by selling Rolex under list price. Of course the one man recent flippers will leave the watch business since easy profits will not be so abundant.

@watchtheworld6700

Жыл бұрын

2026

Great choice to ask Roman Sharf as he is probably the foremost expert in the secondary market. You can take what Roman says to the bank. 👍☺ 👏 Roman is honest and will tell it like it is.

@jerseymeadow6566

Жыл бұрын

I can't tell if you're serious or not. A massive grey market dealer with tons of over-paid-for-stock telling everyone which way the market is going 😂😂 errm.. Ok then.

super insightful episode. Thank you!!