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- čas přidán 16. 08. 2024
- I've seen so many instances of Dealer's downplaying what we're seeing now, so I dive into a comparison between now and 2008. I did a lot of research and offer my opinions if you're in the market to buy a watch.
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I got my watch from this seller
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watchcharts.co...
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Another 100k views incoming! Great update video, really enjoyed it!
Edit: Dude thank you so much for that shoutout!!!! Unbelievable man really can’t put that in words. Wish you absolutely nothing but further success!!
I was just about to message you to tell you to watch to the end! Thanks for all you do brotha!
Lewis Ma - Maximize your Lifestyle I made my comment about 4-5 mins in the had to edit once I got to the end!
I like your approach: clear, direct, researched to be as fact-based as possible.
absolutely, thx for the feedback
I think that lots of people would welcome the chance to buy Rolexs’ at retail. The resale market definitely needs to cool down.
Dropping as we speak isn't it👍😀
AD’s never give me a call and I don’t want to pay a premium for these watches. Recently, I was able to purchase a bnew bluesy and an explorer1 for less than SRP from a private seller.
@@rotaryaddict buyers market!
The band does keep playing on.. The 116520 is a lot cheaper than $21,000
@@daniellewis9240 a must add to any collection. I was just looking at those last night
Hi Lewis, thanks so much for sharing our website in your video! I launched WatchCharts.com a year ago to address the very problem you describe - the lack of transparency in the watch market. Our goal is to level the playing field for individual buyers and sellers by making data more accessible. This type of open and honest discussion is exactly what we need more of. Keep up the great work!
WOW, i didnt realize you'd even see the video, much less so quickly. Thank you for the feedback; I hope my video represented your work accurately
Transparency is vital!! Consumers have been manipulated for far too long by greedy dealers. Well done!
@@TJames69 big props to WatchCharts!
How does watchcharts.com get information on how much the watches were sold for?
good question, maybe watchcharts can help with the answer
I agree that we will see much lower prices. Look o Chrono 24 just Rolex batman. There are 18 pages of them for sale. Insane.
Such a brilliant channel host, and SO accurate and clear in his messages. Thank you Sir!
Thanks 👍
Tons of shills on CZcams trying to keep prices inflated because they have a vested interest in doing so i.e Sharf, Khalil, Eric, Thorpe et al.. Just check Rolex Forum's for sale thread and witness the price drops first hand. Thanks for bringing WatchCharts to our attention, first time hearing of it, great info!!
You bet brotha, and thx for your comment. It was a viewer who commented on my first video that led me to WatchCharts, so thx to all you guys
Lewis, just chanced upon your channel this morning.
I live in Singapore and like you, we are having a Lock Down here as well. Just wanna say love your content. I like your no nonsense and honest opinions which is a rarity in this day and age. Stay healthy and looking forward to your future videos. Wishing you every success! Cheers... 😎
thank you! and appreciate the kind words. Yup, just my opinions based on the facts i see. I miss my time in Singapore, beautiful country. stay safe
Thanks for the videos. Great information and trust worthy opionions. Which is hard to find, especially in the watch market. Continued success
Thank you. Very informative & honest. Well done.
This is, IMHO, the most realistic piece on this virus’s effect on the economy vs 2008 Financial Crash.
IMHO i agree with you! LOL jk. Very kind words thank you so much. and for taking the time to leave a comment. check out my previous video too if u have a chance
Great video Lewis! Love the approach to covering topics, opinion and bluntness of the messages. Keep em coming!
thank you so much! lol i didn't intent to be blunt just my personality i guess! will do!
I can't get enough of these videos on the virus and how they affect Rolex prices. Please make more. Very interesting.
they're fun make! thx so much for the kind words Russell
Jack. Great work..you have done some through research....very direct approach to your reasoning. Your thought has added dimensions to real watch buyers who buy to use it and not for resellers or grey market people. Anyone who wants to buy a rolex to celebrate their success must stick to retail as I believe you must pay only what the watch maker really values their product. Paying over retail is too much of a risk to take for a investment product. Stick to guns and pay only retail or less if you want to be happy with your purchase. Dealers are going to loose tons of money. Dont encourage flippers. Thanks for your thoughts. Keep uploading videos that
VERY kind words, thank you so much. much appreciated, but i have to disagree with you slightly. In keeping with buying these things for use and not to flip, i think someone should pay whatever it's worth to them. Maybe a Daytona is worth $20? and if to keep and not flip who cares? but again, much appreciated. stay tuned
Lewis, Remember most of these video's are made by companies that sell watches. What do you expect? Also many of the watches that are reflecting a downturn in the market were overpriced in the first place. Plenty of room to drop before they reach retail. Keep up the good work.
By the way, T Vo, our commentator below calls a Ga. Tech. graduate Boss.LOL. Ga. Tech. class of 79, M.E. The hell with Georgia.
LOL yes they do Robert, thank you for the laugh! I love this youtube community, now a fellow Yellow Jacket. Glad you liked it, and glad to have you here. Class of 2004 BS A.E.
Great video with excellent market research Lewis. Remember that most dealers are not experts in finance and many might be in denial after getting caught with their pants down. Since the treasury yield curve inversion on Aug 2019, we new this recession was coming. Corona might have just 10x'ed it. Keep up the great content and remember that our invitation to feature one of your videos on our channel is always open. It might help in your move to 10k, which you definitely deserve to be at as we speak! Good luck and God bless!
Thank you for the kind words! Much appreciated, as well as your offer. Looking forward to picking up my next watch from u guys🙌🏻
You speak truth Mr Ma. Your very easy to listen to. I am in the market for a 2018 or newer Pepsi GMT and closely monitoring prices. Strangely enough, they seem to follow the S&P 500. If stock market takes a dump here to new lows I believe we will have an epic buying opportunity on our hands. I know I will be.
nice choice. and a good one to check the chart on as a low standard deviation. ty for the kind words
A great approach to looking on things. Thanks for the video.
I really think that the watches grey dealers are in a Mexican standoff right now, and the first to shoot will release a domino effect on the prices.
I am on the sideline waiting for good watch deals on high-end watches that are not that popular but make a great value for money like Moser and Lange.
lol great analogy! I'd love a Lange, but haven't been following the prices recently. what have u seen?
@@LewisMa thanks 😁 I have seen Lange Saxonia and 36 mm simple three hander like 1815 for under 10k. I also think Moser make a great deal right now, a lot of them are at 50% from the MSRP. I think there is a lot of brands that will have a huge discount in the next weeks, but I think Rolex AP and Patek will not drop down like people think, I don't think that the hype or wanted models will drop less than the MSRP.
Outstanding video with clear arguments explained. Not just another “bro” get together.
thx so much, and for taking the time to comment!
One important point with deception of market values by " big players"...on the Rolex forums they have now finally after many years banned price talk essentially silencing those that bring attention to falling market prices. The forums were content letting discussions run wild on the ever increasing prices and investment opportunity until recently. Could it have something to do with all the major grey dealers as pledge members funding the forums?
Wow! I didn't know that. I would not put it past them, a lot of money in this industry!
Can I suggest that everyone emails the link to this video to themselves and copies it into comment sections where appropriate. This video should be seen widely. Congratulations on your content Lewis. Another brilliant and useful video. Many thanks! Also, guys check out the stats on the GMT Pepsi chart. Approx 300 unsold. As Lewis pointed out, these are not rare items.
THANK YOU! Very nice of you to say. This one took about 3 days to make so I'm glad it made an impression 🙏
Thanks for your good information.
I bought all my watches (rolex and ap) from boutique/ADs only at msrp. In the near future if grey dealers price is cheaper than ADs, I might try to buy some.
Lucky! Or maybe good client history :) To buy Rolexs at AD i mean. I only have 1 Rolex now, looking maybe AP for next....down the road
or Lange
good points and thanks for the shout out
Some watches will Crash...
Mostly this happens to things that are much over valued of they’re making cost... like RM it doesn’t cost 200k to 800k to make a watch...
Agree 1000% that RM will crash!!!
Your analysis focus more on the demand side. We also need to analyse the supply side. Rolex factories are also close during lockdown, reducing further the already short supply of popular watches. In 2008, we didn't have the Rolex factories shut down, so it may not be the right comparison. Just as you said the economy may rebound as quickly as it fell, I think the dip in Rolex prices may not last long. I'm looking to buy 116500 and the prices have rebounded from few weeks ago among the HK grey dealers.
Good point, thank you for the comment. I touched on the Rolex shutdown briefly in the video before this one. But you're absolutely right. Stay tuned for my next video, I think I agree with you. Time to buy
Also that's at 22k from a reputable dealer here. B&P. White dial
You're right with chrono. When you are listing they suggest a price. Of course you are greedy and agree with the suggestion and after that you stay forever to sell. Until bow the percentage was taken after listing price. You got lower but the percent remained the same
Interesting! I wish I knew that before but I had never listed a watch on Chrono. And probably never will lol
Well all second hand dealers in Spain, Italy etc have been closed - basically hole europe. Only now they start some sales but apart few good bargains prices have not moved.
Other brands outside the 4 hot Rolex models and those 2 Patek Philippe watches. There are bargains out there. I just got a Omega Speedy full kit new (NOS) 2019 on a strap (I don’t like Omega bracelets) for $3200.00. So if you’re in the market for a watch. Now is the time. Vintage is also a bargain. But the best place to buy the hot Rolex models, is at private sales on forums or EBay. People need money and are selling close to retail. As a buyer you have an upper hand. Haggle and lowball for your new used GLT, Hulk, Sky Dweller, Sub. Daytona steel ceramic will still demand no less than $18k. That will be the exception.
I was just looking last night. Noticed a lot of "best offer" options on these rolexes. I'm about to go in and lowball today 🤣
There are so many premium watches ( such as AP, patek philippe and so on) out there. However, if you can only buy one watch, you have to go with the Rolex. That is the power of the brand.
well said. probably my thougt process also without verbalizing it
Nice comments. I have been checking some 10 different watch brands and models for the past 4 weeks and I have contacted more than 50 dealers (shops, AD, on-line, Chrono, independent...) and there was no significant change of the prices, which remained pretty much the same. I am talking about Omega, Tissot, Longines, Tudor, IWC, so not really super luxury brands. It seems to me, that the sellers are not willing to do any discounts yet, they prefer keeping the stock. In fact it was really difficult to get more than 22-25% off retail and many shops had identical final price tag. Those sellers were in many different countries, hit differently by the crisis. But I am asking myself, if there are more than 28 mio jobless people in the USA alone, what will be the amount who really can afford to buy a watch? I did, however see some really good bargains, but those were "dead" brands or the ones so special and expensive that even with a 40 or 50% discount remained unsold. Still some brands are launching new models like IWC recently presented several new watches. I think the real image of the crisis will show as early as in autumn. Let's see how many watches will remain unsold by 2021.
Well said let's see how long they want to hold out, there's overhead to pay for those guys. Keep us updated!
Another good video. Thanks for your time and effort into producing this.
Ty brotha
I truly appreciate your insight, and the most important - is you offer factual information! I'll be on the website you offered up as a tool! Hopefully, I'll be getting my first Rolex soon because of you! keep them coming! thanks!!
I LOVE THIS COMMENT! thanks so much, and please keep us updated 🙏
Thank you for the video, your time and effort.
Thanks man. I think the information on this one is a little dated at this point!
@@LewisMa Thanks for the reply. Perhaps an updated video in the future.
cool video thanks, i actually did purchase An explorer 114270 few day ago, and based on the website you shared, i got it at the absolute lowest price. I didnt buy it to sell it, i really did want this watch, but ofcourse it also good to know that the watch you own does have value.
i love this comment! thanks so much for letting me know. where did u get it? collectors?
@@LewisMa Chrono24 a very reasonable, honest and realistic seller who also owns a known store in Tokyo (I did intense research haha) named Ippukishi. I def recommend for pre owned
I like your channel and you seem like a great guy.
But the watch market has not been crashing. B2B prices for Batmans/Batgirls, hulks etc. only went down a couple of hundred dollars.
Here in Europe the market is booking, prices are still on the rise and people are buying. The Chinese market is back on track and dealers in Hong Kong move their inventory fast.
Yes prices will go down, especially on the hyped models. But retail level? I do not see that happening.
And what about vintage? That market is not budging either. 4- / 5 digit rolex watches in good condition are becoming rare.
thx brotha. yeah i dont think crashing is the right word. i would say trending down, yes, on select models. dont thnk they'll get to retail
Everyone's estimated production numbers are way off. Rolex has never revealed their annual production (or anything else about the business). COSC use to report the annual number of certifications per brand up until 2016.
(www.cosc.swiss/en/cosc/key-figures)
I believe in 2015 Rolex was issued ~795,000 certs from COSC.
2015 was a bust year for the Swiss Watch industry. ADs were telling Rolex that they could not compete with the growing grey discount market as many weaker ADs were dumping stock.
In 2016 Rolex persuaded COSC to stop releasing details cert counts issued per brand (now they only release an annual total number for the whole industry).
It took about 18 months (Jan 2016 to Summer 2017) for the excess supply of sports steel Rolex watches to dry up and premiums over MSRP to appear.
It is pretty obvious that Rolex cut production in 2016 to enhance the brand image and get rid of grey discounting practices. They couldn't let COSC spill the beans so that reporting had to be hushed up.
Rolex is also closing 20 to 25% of all North American ADs to further move the brand "upmarket" as it has been said.
Well, it definitely has worked. My guess is they are still limiting production well below 2015 levels. In 2019 models such as the 116508 (green dial, YG Daytona) and blue dial men's steel Datejust became "allocation only" which is a fancy way of saying your AD can't order one special for you (all steel sport Rolex are allocation only).
Patek only makes ~62K watches per year and AP only makes ~45K. Rolex roughly cut production of sports steel timepieces by nearly 150K. That is why you can't get an Nautilus or Royal Oak without selling a kidney.
Cheers
........
great info. what do u think annual production really is? it sounds like you think (and i agree) that there is no true production "Capacity" issue
It is very hard to estimate. The new profitability from controlling/cornering the market and setting an artificially high price has created a huge motive for secondary dealers to "invest" in any new supply (Roman Sharf talks about this in his videos frequently). There has been a surge in demand from watch collectors due to the scarcity artificially created by Rolex at the same time.
My closest AD who owns a chain of stores throughout the US tells me he hopes to receive an extra 5% each year to his allocated allotment. Their store was in competition with another chain locally. Rolex targeted the area to shrink from 2 ADs to 1. My AD invested millions to upgrade the store and create a "Boutique" within the store. The other AD lost it's license is now closed.
I'm all for controlling inventory as it helps the brand to retain value. Unfortunately, without Patek style tracking you end up with the "watch scalping" behavior that everyone is so put off about.
The global economic crash would normally crush this monopolistic scalping practice but Rolex will probably reduce supply this year to offset global demand destruction.
Happy hunting!
@@AnonymousAnonymous-kv7uq well said. theyre experts at the supply game. thx again for the thoughtful comments
Great info!! Thanks for sending me to this video. Now I have to ask how long do you wait to give an update? It feels like April was 8 months ago not just 4.
It does, perception of time is so off now. do you mean how long will it be before I give an update video on the current market?
Lewis Ma - Maximize Your Lifestyle yep that’s what I meant. You made this video only about a month into C-19, so now here we are almost 6 months in... Might make a good video after a while to see if the trends are changing as the pandemic is protracted throughout the next year (sigh)
@@handbagaddicted thank you for the motivation 😀👍
Whatever anyone says it’s a buyer’s market right now with so many unfortunate forced sellers having to liquidate assets in a hurry to stay afloat. That said there’s so much air in Rolex’s tyres the mothership can withstand the turbulence for the medium term. The greed around the product and the middle men cashing in as demand was tenfold supply has reached a tipping point and just how far secondary prices will drop remains to be seen. Don’t expect a flood of at list ceramic Daytona’s to hit the resellers anytime soon - now if that was to happen, or even list minus, the whole game is gone.
agreed. they're coming down but depending on the model
Refreshing analysis. Thanks. Stumbled across your channel and yeah you're on point.
ty brotha, glad you came hope you stay!
very informative video with strong logic and evidence! The prices are not crushing is because transactions aren't happening under the circumstances. Once the situation is over, more ppl will want to sell than buy.
I agree for the most part but then u have vultures like me looking for a deal 🤣
Lewis Ma - Maximize your Lifestyle hahhahahhaha! I’m looking for a deal too. But I don’t think it’s happening before the virus is gone. Luxury market didn’t crush right away in similar situation in 2003 when sars happened. It actually changed purchase behavior for a bit. Since money has been pouring into the financial markets, we can see some price reduction for watches in the near future.
@@yidong5567 lots of moving parts. 100% agree. Excited to see what happens!
Lewis Ma - Maximize your Lifestyle hopefully it turns into a buyers market
Great content mate . Thank you
I really like this video. From Malaysia.. thanks
Thank s for leaving the comment, much appreciated! I miss my time in Malaysia!
You are absolutely right - you hit the nail ... I sold my Rolex SD43 as I didn’t really understood what people wanted to pay me 20% more for a mass produced watch - I sold it and bought a Glashütte SeaQ Panorama Datum 🙏🏻🙏🏻 perfect decision. You got a new subscriber here 🤘🏻
There's one that's got some horological value!
Great comments Lewis. No nonsense and to the point 🎯
Thanks so much! Really appreciate it, and appreciate you taking the time to comment 🙏🙏
Great video, enjoy your thoughts and content. Keep up the great work!
appreciate u taking the time to say that! I'l do my best!
Great videos Lewis, very objective. Learnt something today!
Thanks so much for saying that!
Good analysis, in my prospects I totally agreed that the watch market is deflation simply what’s going on around us..
yup, agreed. thx for the comment!
Great video. Yes the Dealers are in denial. I think mostly because they have paid high and are trying to get as much as they can. The utube guys that are dealers are all talking things up. This isn’t a repeat of 2008. That was a recession. This is going to be a depression. Unemployment will rise to 20% or more in some cases.
Very well researched. Thank you very much.
Thanks so much for the comment. Yes this one took a little time to make so much appreciated!
Solid and very smart presentation
I appreciate the comment especially now knowing that I was wrong 😂
rolex is a great marketing company that happens to make nice watches.
haha well said Mark
I think it's ignorant to complain. Just don't buy it. When nobody buys it for those prices, they will drop. The market is dictated solely on what someone will buy something for, and not charts and graphs. You are overthinking something that is very basic.
charts and graphs show trends
Good video with useful insights. One question, any idea how does watchcharts.com website know the accurate sold price of a watch? On the rolex forums, the sellers do not publish the closed-deal prices
The bijou video in London was one month ago when Rolex watches arnt affected,will they be deffinatly and it will show in the grey market, hopefully in grey market they drop about %30 otherwise i won't buy one and buy something else.
Nice content, congrats on your channel booming!
Great tips and analysis. Thanks!
Thanks so much. And appreciate you taking the time to comment!
Great video Lewis...... with lots of fact finding. Just subscribed to ur channel.
Thanks for the kind words, much appreciated!
@@LewisMa Not at all u deserve it totally. Take care & stay safe man. Gotto stay home as much as possible in Singapore till end May......
After watching this video, I became a new subscriber!
Appreciated!
My grail watch is a Rolex Hulk but I refuse to pay $12-13K. Right now I only own 1 Rolex, a 2006 16570 Polar dial I manage to scoop up for $5,800 pre owned
Hang tight, I think they're all trending down at this point
Great Video man. Chrono24 has recently updated its valuation policy to newly include specs like box, papers and provinence of watches which just inflates overall value of the timepieces. If you increase the price of the watches listed you can “beat” the algorithm to increase overall value as well. Everything very deceiving.
the higher the better for them. increases their cut. crazy right
Nice video mate
Thx so much and appreciate u taking the time to comment
i really appreciate your level headed approach to the topic. new subscriber here.
thx so much, and appreciate u taking the time for the nice comment!
VERY INFORMATIVE!! Thanks for posting!!
Hey! Thanks so much for coming back. And thanks again for the comment, very much appreciated!!!
In the News
Rolex prices not in decline
Southern Cal Real Estate prices not in decline
Calling both BS.........JP (LA)
Thanks for your comment. I don't remember mentioning real estate in decline. Did you see my slide on the two watches trending downwards?
@@LewisMa - Thxs Lewis for getting back in touch. I was just scanning a puff piece in the LA Times on So-Cal RE prices holding firm in the crisis, thus my comment as I enjoyed your vid. Luxury takes biggest hit. Regards, JP
@@jpdavis6042 ahh i misunderstood your original comment brotha, my fault! thx again
Thank you for having an honest view and opinion on Rolex
of course! it's not good or bad right? it is what it is
Great videos Lewis! Just came across your channel, keep it up :)
Thanks for stopping by! Really appreciate the comment!
Great video. Very informative. Thank you
thank you Steven, you seem like a nice guy!
Great video. I really like the watchlist website.
Hey Lisa! You're in the 0.5% female audience from my CZcams analytics! Thanks so much for watching and thank you for the comment :-)
Interesting and well-thought out take on the state of the market.
Thank you so much. And I appreciate you taking the time to comment!
Great video - one Q for you: skyDweller blue dial (pre-owned) or Patek 5205G blue dial(from AD)? Patek more then doble price.
Sounds like you cannot go wrong with either one . 👍 although watches are very personal decisions I would reiterate what I mentioned in the video in that I got a Rolex to check it off the box. I realize what they are, good watches not great watches but great at marketing. Patek is on another level 🙌🏻
I want to buy my first Rolex . Got a call from ethos ( India / Bangalore Rolex AD ) , asked about submariner no date , he said I need to wait for 4 months just for booking
get on the list! no harm no foul. I'm on every list they'll allow :)
Great Video, You are getting traction my friend, good work!
thank you! looking forward to my detail kit on it's way this week!
Agreed, buy what you like and if you feel its worth it, then it is.. In the pass few yes the watch game has gotten too crazy, especially with the steel sports models. I personally don't like to pay over retail for a watch and don't mind waiting, but thats just me, im kinda cheap =) keep up the good work.
Everyone likes a great value!
You get a new subscriber today!
Thank you so much, and thanks for taking the time to leave a comment!
I’ll always remember watching a guy pull up in a Land cruiser and pulling off his Rolex when walking into a pawn shop. That was 1993, So Cal. It will happen again.
Damn. Sad to think about. BUT they're "liquid" in that sense right🤷🏻♂️
There was someone on another channel that said a Rolex will always be your ticket home if you need it
The guy looked desperate. Expensive SUV, kid in his arms. I’ll never forget it, as random as it was. I’d bet that a good % of rolexes bought by online shops like Crown and Caliber, or Bobs, are for quick cash. People’s lifestyles change, even if they don’t need the cash
@@Ok-551 meaning they're flipping? Yeah I think a small percentage actually lands on a owner's wrist
Lewis Ma - Maximize your Lifestyle site, when an item trades for a premium, you get speculators. I think it’s more like the mkt will bear it, people have the cash to pay a premium. But that’s indicative of a bubble in my opinion.
watchcharts.com is absolutely my go to before I make an offer on a watch! Good on you for making your audience more informed!
Absolutely! And thanks to the viewers for the great comments. 👍
Great content. New sub here
oh btw, literally an hour ago my very close friend just was just called and he purchased the PEPSI GMT at our local AD. He rubbed it in my face of course. haha. Maybe things are looking up.
There was a comment on a previous video where a viewer said he talked to an AD and literally everyone on the list turned down the hulk. not sure if true or not but I called every AD that I was possibly on a list for and reminded them I was ready to buy 🤣
Great video mate Liam 116613 lb 116503
nice choices!
Excellent, very well researched and argumented video. Thank you
Thanks so much, and thank you for taking the time to comment!
@@LewisMa I think that dealers (in particular gray market dealers) are in the first stage of the grief cycle: Denial. Soon they will move into Anger then Depression on to Bargaining and finally Acceptance. ;)
@@Rommel1988111 i dont pretend to know that industry is like. Part of me thinks it's a community where if one guy drops the others are forced to also; so no one want's to be taht first guy. At the end of the day, if you're looking for a specific model, it's a bit of a commodity. Price price price
Great video.
Thx so much Byron stay tuned for the next one in a day or 2
We have alway been in a recession, less value and poorly built products, cars, houses, fabrics, PVC not genuine leather ...My friend we have just only entered a depression, wait until people are strapped for cash and can't liquidate because credit or disposable income has ceased up! Here in the UK Paul Thorpes and David you tubers and watch dealer, have to be optimistic and think they are deluded with common sense and truth!
Great analysis - subscribed!
appreciate it!
I would wait 1 whole year.We can see the future but the future is not now. Once there are no more monthly free money and prices are rising dramatically, then it may be time to buy a watch....if you still want it .
interesting viewpoint! like i mentioned, don't wait too long! but who knows....
Great channel. Congratulations!
thank you brotha, and thanks for taking the time to comment!
Well done and keep it up
thx so much, and taking the time to comment!
Check out ITR Economics--smart dudes there. I remain hopeful, but jobs never come back as quickly as they go. And to put this black swan event driven economy in perspective, the last 3 recessions lost some 17M jobs in the private sector. We're at what, 30M lost in the last couple months? We'll get through this, I'm sure, but it's gonna be tough for a while.
Well it looks like Roman and others were correct in their video and videos like these are the deceptive ones...showing comments say doom and gloom is coming is just as dumb as Chrono24 taking list price into account.
U know the market a lot better than me. Hope you make a lot of money timing correctly 👍
How did a watch market video pop up on my notifications.
Lol the algorithm pushed it I guess. Thx for letting me know it's working🙏
Great video , I’m sorry ur a yellow jacket and not a gator but I think we both agree it’s better than being a Seminole ! 😂 great video man 👊🏼 I feel like Roman and CRm are trying to falsify the market, all u have to do is offer a trade ,and u will see. They are trying like hell to sell not take in more.
Lol we can agree on a common enemy🤣 I gotta say tho CRM puts their prices on their IG. They're not broadcasting price drops but they're not hiding it. Straight up dudes there
Actually just recently they took their prices off the regular posts and are only on their story pop outs. CRM I mean
@@buddastud5534 yup, i saw that. i get it, it's a dynamic market right now.
Great informative video my friend. Could you suggest a few websites to buy pre-owned and brand new watches excluding chrono24?
I can tell you where I got mine. On eBay from a very reputable eBay store called collectors 1946. Before I bought I researched their feedback on eBay and also they were mentioned in a Rolex forum.
Why are they downplaying? I think it's called capitalism. Should they say, "wow, the demand is gone and I should sell this stuff cheap so I lose money" ?
I’m a new subscriber. I like the channel a lot and the content is exceptional. I have the Batman and Pepsi “on order” from a few AD’s let’s see what happens. Fingers crossed.
What's your spend history at those ADs? If you don't mind sharing
Lewis Ma - Maximize your Lifestyle $60k at one $17k at the other
@@mr.thinkpositive9962 I think that's consistent w here in Miami. 100k to buy a Daytona and 30 for a Batman. So that range for a Pepsi makes sense
Thanks dude! Awesome channel. New sub here.
Thx so much! Appreciate you taking the time to comment 🙏
I run a local rolex on wechat group of 120 ppl mostly ppl in Toronto. The asking price is still strong. People still want what they always wanted Hulk, Pepsi, Batman, Panda...
do u see any dip from a month ago? esp the Batman?
@@LewisMa yep, hulk, pepsi too. But not alot, it gets sold when 2018 lightly used hulk offered at 17.5k CAD, 2019 Pepsi sold around 20.5k cad. 2020 batman listed for 19.5 but unsold
@@golfliveToronto interesting. Let's see how long these guys hold out!
What could you recommend for an everyday Joe to get his first Rolex that's
It's such a personal experience my friend. I would recommend going into an aftermarket dealer and trying on as many as you can. I ended up getting a Sky-Dweller for my first one because I like the complication and I like the weight on my wrist. The price point over retail at the time also made sense for me
Get a 36mm Oyster Perpetual. I have the rhodium dial, AMAZING
@@trnc9082 again thank you for your utmost honest opinion
Keep up The good work
I'l do my best. ty brotha, and thx so much for taking the time to leave a comment
Great common sense advice. I like your cold cool headed, hard analytical approach. We watch nuts operate at 90% heart passion and impulse, 10% common sense logic. Prices are down significantly from the highs. Those people denying this fact are delusional. Having been in the hobby for 30+ years specializing in Rolex SS Sports I’ve experienced several downturns and subsequent recovery’s in the lux watch market. As anyone can plainly surmise the prices for Rolex are still way higher than 30 years ago. Example my first AD purchased Sub date back in 94 was under 3k. Inflation and Rolex’s regular price increases keep moving the prices up overtime and that will never change. The health of the economy at any given moment will affect the prices temporarily, but up to this point with Rolex the prices always recover then subsequently soar to new heights. These are buying opportunities. If you don’t believe me wait 5 years and you’ll see for yourself with some hindsight reflecting. If you are in the market, in a position financially with some disposable cash, your in luck. Don’t try and pick a bottom. It doesn’t work in the stock market and it doesn’t work in the Lux market either. Pick a price point that you’ll become a buyer and snatch up that Rolex you’ve been frozen out of because of the ridiculously high premiums. Trust me Daytona Pandas, Pepsi GMTs, Hulks etc will still be highly desired 20 years from now. Buy what you truly desire and plan on passing it on to your kid or grandkids. As mentioned Rolex’s are not a substitute for proper investing. They are excellent watches by every measure and do hold their value better than the vast majority of brands out there. So you haters just deal with it. BTW, stick with Rolex for your next purchase. A small collection of quality high end pieces is the way to go. If you like Rolex as a brand by all means stick with Rolex. Sometimes variety isn’t always a better thing.
very well said, thank you. and thanks for coming back. It'll be a while before i buy another watch (i have an objective net worth rule for myself). I was thinking a Lange. what do u think?
Yes having some financial rules and discipline is the proper way to approach the hobby. Also knowing ones limitations and figuring out what you truly want is a must otherwise you spend allot of time thrashing around wasting time/money. I started out with around 5k in my watch fund and have built it up to around 175k. Not good for the amount for the time and effort invested but good for a hobby/part time business. At least I’m not massively negative like my car hobby lol.
A. Lange & Söhne is one of the top brands out there. Patek is another similar brand that holds value and is always desired. These watches are on another level up from Rolex. They aren’t as generally we’ll know outside the watch enthusiast community but are nonetheless a solid buy. Never personally owned a Lange but handled quite a few. They are absolutely exquisite, beautiful constructed quality watches. If you like them then I would say go for it. It would fit in wonderfully with a nice three watch collection. Great business and special occasion watch. Possibly round out the collection with a diver sports type watch, Submariner or the like. Those along with your Sky-Dweller would make a nice three piece
Forget to mention. Buy preowned on the Lange
@@SPQR-Z lol yes, cars and watches; we speak the same language. I put those in my net worth rule also but in the same bucket. Music to my ears, "The Perfect Trifecta." Sub is a little light on the wrist for me, but yes the search continues.
"Pay no attention to that man behind the curtain," said the watch industry to the consumer. Or, was that "Wizard of Oz?" Same difference. Both fiction.
This guy is great!
lol thank you Roger. careful with these comments guys my GF will think I'm important