The watch market is dead. Only true watch people will remain. Don't pay more than retail, EVER

@Dante3X

Ай бұрын

Unbelievable but true! 😎

@jeanlefranc3817

Ай бұрын

Absolutely not. The Rolex Certified Preowned section in Bucherer Paris has a couple of €14500 6 digit Subs, which is outright crazy, and they are not collecting dust. With crypto currently strong against the dollar, there is always a new wave of morons ready to part with large chunks of cash for trophy pieces.

@Repcitykickz

Ай бұрын

Resale on everything is dead and about time too.

@Jerkoff1999

Ай бұрын

Dropping dropping dropping

@perrslice

Ай бұрын

lol love when the reddit incels who dont understand basic economics come over to KZread

The market is only going to continue to drop. Nothing is pointing to stability or increases.

@roybatty6368

Ай бұрын

huh?

@kbronx1654

Ай бұрын

@@roybatty6368 what are you confused about? Watch market is going to continue a slow steady decline.

@Armchair-Investor

Ай бұрын

Agreed! 💯

Many other dealers are saying otherwise. The market is not flat. Prices are still falling.

@roybatty6368

Ай бұрын

NO

@alohaguchis

Ай бұрын

⁠you losing a lot of money right now? Watch market crashing.

@WatchEric

Ай бұрын

If anything is crashing it’s the whole world. The question is are you going to buy at the bottom or sit on the sidelines. 🤷🏻‍♂️

@roybatty6368

Ай бұрын

Letssssss gooooooo git it

@JLim3111

Ай бұрын

Are you saying the watch market has bottomed out?

The inventory is up significantly across the board including PP. Also watches are staying for sale for long time. This is usually a good indication of a significant adjustment coming soon. The same thing is happening in the exotic car market.

@tonykawaguchi3765

Ай бұрын

yeah currently there are over 10,000 Daytonas listed on Chrono24, with price drops every week. Only 5500 GMTs for sale. So this "hard to buy" watch has twice as many available...

@RICHIELUXURY

Ай бұрын

Production is up also

The only reason the market. Is and was so messed up solely because of the buyers/sellers who artificially increased prices for their own profit. The market is going to continue to drop. There’s zero chance it goes back up anytime soon.

@samuelburton5576

Ай бұрын

How do you know Nostradamus? Can you read the future? Do you have some foreshadowing powers 😂

@TheCdM1981

Ай бұрын

@@samuelburton5576 I don’t know. I think it’s pretty obvious based on inflation and the economy. You don’t have to be a “psychic” to be able to use logic and actually understand the way markets work. Keep thinking that $10k watch is going to be worth $20k or even $15k next year though.

@BobbyDazzler888

Ай бұрын

@@samuelburton5576because covid was a one off event.

@abhaig

Ай бұрын

You should go into trading for sure - you can predict the market😂😂😂

@agates9383

Ай бұрын

@@abhaig doesnt take a genius to look around the world and see what ALL economies are doing and where they are heading, we're going inot if some countries arent already IN a big D depression - China for example is FUCKED and getting more so every day - oh yes watches will be getting cheaper as are houses - NO ONE has any extra money that they are willing to over pay on gray mkt watches - I have been watching 228238's - Im going to be able to buy a brand new one below MSRP inside of 12 months - I am 100% convinced, Ive been watching prices steadily march south on Chono for the last 4 months

Lmao the rumor of discontinuing the pepsi was such a small hat gimmick that reeks of desperation to cling onto past hype prices.😂 Silly small hats

@BobbyDazzler888

Ай бұрын

Luxury bazaar is now under investigation from the cia according to opus watches. TPG is working with them.

Almost all the AP offshores and divers are at or below retail. Even the code 11:59 perpetual calendar is well below retail. $20-30k below.

@WatchEric

Ай бұрын

I love that

@josh.472

Ай бұрын

That was always bound to happen lol. Offshores have been trading under retail for a decade lol... anybody who thought buying $43,000 MSRP steel offshores would last were delusional.

@BobbyDazzler888

Ай бұрын

@@josh.472thats will apply to all watches apart from a few stubborn artificially hyped models. Watches continue to drop as there are no buyers for 2 times or 3 times msrp.

Make a video of the customers who paid double and triple retail. Let us know how they’re doing now that the market has “” stabilized. Please make that video. Please!

@WestCoastAce27

Ай бұрын

Hopefully they’re enjoying their watches - to wear.

@BobbyDazzler888

Ай бұрын

“Great investment” Dont be left behind! 😂

@BobbyDazzler888

Ай бұрын

@@WestCoastAce27they are floating in a backyard pool with their pants down.

Hello Eric, What is the market on the AP perpetual rose gold? I need one to finalize my collection. Thanks for your help.

I'm enjoying the current market. Picked up a couple of nice pieces in the last 12 months all near retail price.

Only the Patek sport models are holding up. All the dress and complications are selling well below retail.

Great video. Unrelated, but what brand are your glasses? 😎

Love the content!! Would you say PM Rolex are easier to get than ever before from an ad?

Question Eric the new black gmt what would u go for Oyster or Jubilee?

@WatchEric

Ай бұрын

I prefer the oyster. But no wrong answer

great ! love your before video format! now im back to enjoying Watch Eric! thumbs UP!

Re the PP 5990, I agree with you that it is preferable to the 5712. I like that its thicker, and heftier, which I enjoy whenever I wear it.

how are the 15550s doing by any chance? my wrist is small so ive been lookin for the 37mms. But so far, no luck.

@kentan8235

Ай бұрын

Got allocated from AP, 37mm grey in Dec 23 so its possible 👍🏼

Hey Eric, what do you think about a Rolex Artisan De Geneve pieces? ...im on the fence.

Great stuff! Eric, what do you think about models like the Rolex Cellini Moonphase in terms of upside? I along with everyone else didn’t take that line too seriously while it was still in production but that specific model is beautiful, discontinued and leather strap watches have become more desirable in recent years. Curious to hear what you think. Thanks!!

@WatchEric

Ай бұрын

Can’t promise any upside

Oya Vay Eric...Hope you ate fine.....As someone who is a dealer in the UK who knows dealers that know you I have to report that what you say is Totally Correct...The market in the UK / World is not just flat as you know...BUT really bad and getting worse...But..the Market in the very very high £100,000 plus plus market we find is still fine...We like picking up the bargains from the low end sellers..They are Sweating ..

@sandev88

Ай бұрын

Even high end Pateks like the 5270s are dropping in price every day!

@roybatty6368

Ай бұрын

Nah. All good

@agates9383

Ай бұрын

Yep - its what happens when you have a credit collapse in a debt based world economy - EVERYTHING is going to be getting ALOT cheaper - but as always the ultra rich will still do what the ultra rich do because a couple hundred grand for new watches this year is peanuts to them - for the 99% - different story, theres gonna be A LOT of cheap Rolexes on the market in the next 18 months

@KoltovNissan

Ай бұрын

​@@roybatty6368hello Mr Roy...The market for most watches is rather disastrous..You will know this if you are a watch dealer ..Rgds

What is your opinion on Vacheron overseas 4520V/210A-B483? Do you think it would at least retain most of it value ? Is it just a trendy watch that will die ?

Can we get an update on the 34mm watch market?

My dealer (my family member) told me to stay away, market will drop more . They don’t really want to take in watches now especially the Daytonas but should the customers want they will have to offer 20 % lower to hedge the risk and even that they will do so if they have ready buyer . For the 116520 , u be surprised how much they r offering vs the 20k which dealers are trying to sell

I’ll be on the sidelines till I can buy a Rolex at retail. Thanks for the video, excellent as always.

I think if you are looking at Rolex in here in Europe- new gmts like the batman,Pepsi , the sub sprite and the steel dayronas are still almost impossible to get from the local dealers- it may be that they still have a backlog of customers that are waiting for these watches but don’t expect to walk in at a boutique and buy one unless you are buying a couple of Rolex watches are that are hard to sell!

@agates9383

Ай бұрын

12 months and it will all change - 2019 you could walk into an AD in Scottsdale and buy a Batman right out of the case - youll be able to do that again in 2025 - mark my words

@RICHIELUXURY

Ай бұрын

They can keep it. Nobody is buying these useless watches anymore

@agates9383

Ай бұрын

@@RICHIELUXURY Lol oh how wrong you are - we all talk a big "F" the ADs - I guarantee you when the ADs start selling watches to joe schmo again they will sell all they produce - guranteed

Was lucky to get the titanium and wanted to keep it, because it's a great 15k watch. But once someone offeres cash and a gold sub with tropical dial for that....couldn't resist.

Watch Eric is back !!! # watch Eric at its best like always Pls address the platinum Daytona prices in ur next video

@WatchEric

Ай бұрын

Thank you

The watch market is dead ☠️ same overpriced watches sitting collecting dust because the flippers and grey market dealers paid too much for them. Just wait and go to the reseller that Rolex owns. It may take a little time but you get it at retail. Paying these over inflated prices to a reseller is ridiculous.

@BobbyDazzler888

Ай бұрын

Grab the popcorn, its going to be a hell of a show

Solid review

New wr resisten Patek; 30 mts ... Opinions ,,,,??

@WatchEric

Ай бұрын

That’s truly the reality. If you could see the gasket that holds the crystal in place for the Aquanaut/Nautilus you would give it a 3m rating

Love these videos Eric! Very insightful and Patek is king!

@WatchEric

Ай бұрын

Glad you like them!

Hey Eric, love your channel, i have my eyes on the new gold deep sea, do you think that will be crazy expensive in the grey market upon release?

@omar10213245

Ай бұрын

Without a doubt. At least for the first year or so

@andrewvaughan5686

Ай бұрын

@omar10213245 I dunno bro, I called rolex and they said there's not much of a waiting list for it....

Watch market is dead and watches will keep coming down. All these watch guys try to down play it 🤦🏻‍♂️🤣

Watch prices inevitably will continue to drop to retail. 💀 People holding in to their ‘investments’ are hoping for a miracle. Unfortunately they were conned. Watches aren’t investments.

@lansvale28

Ай бұрын

Some are a good way to store value, but most aren’t

@agates9383

Ай бұрын

@@lansvale28 not when every Tom Dick and Harry Johnny come lately stupidly bot into the idea that you cant lose money on a Rolex or Patek - you aLWAYS buy a watch because you love it NEVER because you expect to flip it - personally, as a watch collector, I LOVE that the grays and non-watch people are losing their asses - they NEVER should have been in the hobby in the first place and their greed will bite them in the asses.

@lansvale28

Ай бұрын

@@agates9383 Agreed that they are not investments, but core / iconic steel Rolex’s, pateks and aps all did well over the last 20 years to store value. A retail buyer wouldn’t lose THAT much on them compared to other luxury expenses like cars, clothes, jewellery etc. A buyer could enjoy wearing it and might lose a bit or get back close to what they spent. That’s pretty awesome. These ‘investors collectors’ thought it was like crypto and wrecked the market. But I think actual collectors didn’t buy into it.

@WestCoastAce27

Ай бұрын

@@agates9383 👍 it’s a beautiful thing. All over the world, everyone wants to get rich - but not by putting any work in, just speculating, gambling. The sooner these people get shaken out of the watch world the better.

With fluctuations within the market as drastic as they have been, the markups through gray dealers, and stingy authorized dealers I know more and more people who can afford watches going to replicas. In fact, a friend of mine recently sold his business for a substantial amount of money, already owns three Rolexes and purchased a panda Daytona replica. it’s a weird time for a watch enthusiast and I’m not sure how to feel about it.

People are sick of the crazy inflated grey market.. sick of playing the Rolex AD game and the salespeople's arrogance. Customers go into a Rolex AD interested in buying a +$10k, buy most of the time get treated like we're at The 99c Store. I own, wear, and love my Sub and Batman. Fortunate to have paid retail. Everyone just stay patient and wait it out. Some of the SALES that you see being Sold are between resellers to resellers.

Could you do a review on the 126518ln

i wonder how many people still pay credit card rates for watches they bought to flip

@BobbyDazzler888

Ай бұрын

😂 and paying the interest waiting for a ‘rebound’

Went to buy a Starbucks at an AD Australia they said to buy a Tudor ( to get the ball rolling to GET on the list) I quietly declined and bought a near new mint 136660 for 4K under retail from local dealer. Stars can align people. More tech in this hockey puck anyway.these so called highly desirable watches really worth the wait?

@BobbyDazzler888

Ай бұрын

Dont buy into the dealer game. 👏

Just picked up a white gold Meteorite Daydate super close to retail. It’s the perfect time to buy

🎉. Thanks eric

@WatchEric

Ай бұрын

You're welcome!

The muppet boiler room secondary grey market is dead.

You do what you want. It's your money. If you want to pay for CRM's go fast red car? It's your money.

@BobbyDazzler888

Ай бұрын

Dont support tomato cans

👍

Great Content mate 🥃

Question people..Omega prices in Boutique are too high we all know that, however last year I bought my Omega Seamster Diver 300 Chrono brand new from Omega store in Sweden in full rose gold for 17.000 Euro..Did I fuck up or vil I get that money back one day ? Please tell what you think

@tonykawaguchi3765

Ай бұрын

if you love the watch, keep it. If you bought it for a profit, sell it. it's g oing down.

@BobbyDazzler888

Ай бұрын

It will never bring a profit. Watches are not profitable.

Rolly should have kept the ym2 all ss model. She is a great regatta watch. works great! Thank God I got mine before the Rolex discontinued her. 😅😅😅

@WatchEric

Ай бұрын

Good choice!

@WestCoastAce27

Ай бұрын

Congrats. Enjoy.

Question Erick what do you think about the nautilus 5980 blue dial ?

Starbucks are plentiful and still dropping, such a boring release

What are your thoughts on Rolex now allowing customers to buy the other bracelet for their watches? Just went to my AD yesterday and bought an Oyster bracelet for my batgirl on Jubilee.

The watch market is dead.

Patek and AP i believe are cutting back on distribution in order to maintain secondary prices. I believe Rolex will be moving that way too based on the latest interview with Dufour, the CEO who cautioned against over producing watches. I also believe they will be pushing for higher transaction prices to keep profits up based on new 2024 releases.

@BobbyDazzler888

Ай бұрын

Rolex make 1.2 million. They cant afford to lower production. Theres employees and advertising etc. there demand and waiting lists are high. The market price was artificially created and not because of demand.

@samuelburton5576

Ай бұрын

@@BobbyDazzler888 sir,they can cut back if they create higher margin watches with higher transaction prices. Look carefully at what was released this year and at what the CEO just said on his recent interview

@abhaig

Ай бұрын

@@BobbyDazzler888they just added capacity and built a new factory - unlikely they will slow down production anytime soon

@RICHIELUXURY

Ай бұрын

Rolex making a new billion dollar facility while collectors going broke buying useless watches

@abhaig

Ай бұрын

@@RICHIELUXURY “useless watches” 😂😂😂😂

Rolex will continue to increase its prices every year and this will contribute with low production and good marketing to slighty increase the value over the next 50 years. My son is the lucky one. Thanks Eric

I feel bad for all the dudes who bought hype pieces grey in early 2022. Got fucked hard.

@BobbyDazzler888

Ай бұрын

Good. Not real collectors

@WordMadeFlesh777

Ай бұрын

PPE money. Wasn’t theirs anyway

@WestCoastAce27

Ай бұрын

No sympathy. Their greed and inability to understand markets aren’t our problem.

@RICHIELUXURY

Ай бұрын

Useless watches

I love watches , that's it.

The watch market is dead, floating face down in the pool!

What's a Sub Date going for these days?

@tonykawaguchi3765

Ай бұрын

starts at 7k on chrono 24.

It’s definitely a buyers market out there. Damn interest rates and inflation.

what about the olive DD40

@GBMM7

Ай бұрын

Down she goes

@iLLGT2

Ай бұрын

@@GBMM7 wrong, 3 highs for the past 6 months in wholesale trades within the last 7 days

@BobbyDazzler888

Ай бұрын

All going to retail and less. Reality is inevitable

@WatchEric

Ай бұрын

Correct. Interesting to see how some have climbed up a bit. And a bit like a healthy bit. While others are flat.

💯 - a lot of wait and see here in the US - election, possible money printing, inflation. One interesting thing. Due to the bad economy and decrease in the value of the yen, Rolex prices are falling in Japan. Last week there were THREE Platinum Daytonas in the $80s!

@roybatty6368

Ай бұрын

nah

@alohaguchis

Ай бұрын

⁠look at Chrono watches listed in Japan. Daytona under $18k. 16710 under $7500.

@roybatty6368

Ай бұрын

Nah I'm good. I don't $#@@ with Japan or whatever. Prolly fakes

@RICHIELUXURY

Ай бұрын

Platinum Daytona was $40k and will be $40k again soon

@roybatty6368

Ай бұрын

​@@RICHIELUXURY nah

If you’re facing 20 knots of wind, why don’t you record indoors ? You need the fresh air ?

@BobbyDazzler888

Ай бұрын

Defog the sunglasses

Pay less then retail

I receved offer from dilar for my 5164A for 91000$ and i didnt click.This watch will be very soon 100000+ when everybody realised that the most impossible watches from Patek are the stainless steel ones with complication Patek is going all precious metals.

@WatchEric

Ай бұрын

Sell!

Bro tell me the model of Shades those are I love them.

Market? There is no more market! It’s flatlined!🤷🏻‍♂️

Aside from high complication holy trinity pieces, certain rare discontinued models, and maybe daytonas, you shouldnt be paying over retail for anything.

Always the best from Eric, Boss!

@WatchEric

Ай бұрын

I try

Lets be transparent. The market is still falling down. You can blame that on the econony being down, but that doesnt change the facts.

Thanks for the video Eric 😃

@WatchEric

Ай бұрын

Any time!

Dealers are currently in the denial phase. Namely, they’re holding the inventory bag and chat amongst themselves about salvation emerging from quirky events like possible interest rate reductions (ain’t happening), Christmas/easter/passover (any supposed excuse). Like any market an external catalyst is required and MUST be aligned to hype. All the stars aligned for grey watch dealers from mid 2020 until March 2022 but the series of events that caused the trend were atypical and unlikely to repeat in our lifetimes. Is the market dead? No it isn’t. Will many so called watch dealers find a new way of making money? Probably.

Czapek over the Rolex poo... Greys can only enjoy the good time but unable to sux up the bad era ahead!

Paying 40k for a titanium is soooo stupid You can get a solid gold watch for that amount

📉

Eric lives on Palm Island. Lucky man !!!!! Friends with the Adrians?

@WatchEric

Ай бұрын

One day I may live there

@googleSux

Ай бұрын

@@WatchEric 🙌

Nothing getting discontinued

Royal Oak now 25k-30k

They need to bring back that Kermit 💚💚💚 green

I appreciate it when watch dealers say it's time to buy.

@BobbyDazzler888

Ай бұрын

😂

The watch market is dead. Sales have plummeted. Prices have plummeted. Do not pay over retail.

I cant sell anything unless its at a DEEP haircut. How can I buy a new watch if I cant sell an old one? Im not gonna lose thousands THEN pay over retail. This market is in the water right now. Sellers need to wake up and stop asking crazy prices. Bring prices back down and the flow will start back up again. Until then sit on all the inventory you want, nobody wants it.

@WestCoastAce27

Ай бұрын

I agree with everything you said. But you have to realize how many wealthy people there are in the world and how many are in our watch world. Thus many can sit on watches. But as the economy gets worse prices may come down.

I thought it was called a Kermit.

No one wants to catch a falling knife. I would rather be late to a party than early to a crash.

I just need a gmt at a dam near retail price , and the Bruce Wayne is fire , I’m cool with that or a batman

@WatchEric

Ай бұрын

Love that new one

@WestCoastAce27

Ай бұрын

I wish you well but the only Rolex with a GMT that you can occasionally get not to far over retail is the Explorer II. And there are a lot of those listed at joke prices. That new GMT is going to longtime customers and out the back door to greys. Probably for at least a year. Unless the economy totally craters.

where your office lol

Been collecting since I was 18 in 2003. So nice to see so many chumps losing a lot of money on “influencer” watches and leaving the community. Imagine paying £130k for a 116508 John Mayer in 2022 and seeing it worth 50k now 😂😂😂😂😂😂😂

Not consistent enough on you tube Eric 😢only hear from you occasionally 😮

@auxmike718

Ай бұрын

Only to tell us all is well😂

your website has no watches lol hahahah

I want Anthony Tugger Farrar to go back into the grey warch market...

Skydweller all gold … no rose …one day

Rolex is crazy overrated. I just fast forward to the other brands.

How many of these watches do you think he owns?😊

Are you getting paid by the kilometres you wink your right hand?

I dont know why Im watching this, I cant even afford to buy a grand seiko

@WatchEric

Ай бұрын

We all have to dream

all the hype is only from the guys in the gray market trying to sell watches. a.d's called me last three weeks with offerings so things are loosening up and will continue too.

WATCH MARKET IS DEAD

Rolex, Rolex, Rolex. Boring.

einstein, this market is directly correlated to interest rates

@BobbyDazzler888

Ай бұрын

The market is retail. Thats where is heading. Reality.

@WestCoastAce27

Ай бұрын

If they drop rates (to try to help Biden get re elected), BTC will pump and young guys will start paying stupid prices again.

Just buy a good fake no one really cares….

Amazing how commenters continue to hope for and push the notion the watch market is dead. Complete BS and watch hating. They want a crash.

@alohaguchis

Ай бұрын

It's not that I want a crash, but is is already crashing. BNLR is already half of the peak and dropping every week. The Japanese yen is especially killing the rolex market. In six month you'll be able to buy a daytona in Japan for $15k. Currently they're $18k. Used to be $30k. That's called a crash.

@BobbyDazzler888

Ай бұрын

Retail prices aren’t crashes, they are reality. If you paid above that, you were conned 😂

@Ruby-93

Ай бұрын

​@@alohaguchis You can find them also under 15k. But who wants the ugly two tone models? 😆

@WatchEric

Ай бұрын

Yet auctions keep breaking records.

I’ve been in a coma and just come out Did the Pepsi get discontinued