WATCH MARKET UPDATE (SPRING 2024) - BEST TIME TO BUY & SELL??
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- čas přidán 26. 04. 2024
- Summer 2024 WATCH MARKET UPDATE! With the new watches out, there have been some shifts in the market. Let's discuss!
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The watch market is dead. Only true watch people will remain. Don't pay more than retail, EVER
Unbelievable but true! 😎
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.
Resale on everything is dead and about time too.
Dropping dropping dropping
lol love when the reddit incels who dont understand basic economics come over to CZcams
Many other dealers are saying otherwise. The market is not flat. Prices are still falling.
NO
you losing a lot of money right now? Watch market crashing.
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. 🤷🏻♂️
Letssssss gooooooo git it
Are you saying the watch market has bottomed out?
The market is only going to continue to drop. Nothing is pointing to stability or increases.
huh?
@@roybatty6368 what are you confused about? Watch market is going to continue a slow steady decline.
Agreed! 💯
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.
How do you know Nostradamus? Can you read the future? Do you have some foreshadowing powers 😂
@@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.
@@samuelburton5576because covid was a one off event.
You should go into trading for sure - you can predict the market😂😂😂
@@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
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.
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...
Production is up also
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
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.
I love that
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.
@@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!
Hopefully they’re enjoying their watches - to wear.
“Great investment”
Dont be left behind! 😂
@@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.
great ! love your before video format! now im back to enjoying Watch Eric! thumbs UP!
Love the content!! Would you say PM Rolex are easier to get than ever before from an ad?
Great video. Unrelated, but what brand are your glasses? 😎
Only the Patek sport models are holding up. All the dress and complications are selling well below retail.
Question Eric the new black gmt what would u go for Oyster or Jubilee?
I prefer the oyster. But no wrong answer
I'm enjoying the current market. Picked up a couple of nice pieces in the last 12 months all near retail price.
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.
Got allocated from AP, 37mm grey in Dec 23 so its possible 👍🏼
I’ll be on the sidelines till I can buy a Rolex at retail. Thanks for the video, excellent as always.
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 ..
Even high end Pateks like the 5270s are dropping in price every day!
Nah. All good
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
@@roybatty6368hello Mr Roy...The market for most watches is rather disastrous..You will know this if you are a watch dealer ..Rgds
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!!
Can’t promise any upside
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 ?
Love these videos Eric! Very insightful and Patek is king!
Glad you like them!
Watch Eric is back !!! # watch Eric at its best like always
Pls address the platinum Daytona prices in ur next video
Thank you
Solid review
Can we get an update on the 34mm watch market?
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.
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
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 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.
Some are a good way to store value, but most aren’t
@@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.
@@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.
@@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.
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!
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
They can keep it. Nobody is buying these useless watches anymore
@@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
Great Content mate 🥃
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?
Without a doubt. At least for the first year or so
@omar10213245 I dunno bro, I called rolex and they said there's not much of a waiting list for it....
New wr resisten Patek; 30 mts ...
Opinions ,,,,??
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
i wonder how many people still pay credit card rates for watches they bought to flip
😂 and paying the interest waiting for a ‘rebound’
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.
Dont support tomato cans
Just picked up a white gold Meteorite Daydate super close to retail. It’s the perfect time to buy
🎉. Thanks eric
You're welcome!
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.
Could you do a review on the 126518ln
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?
Dont buy into the dealer game. 👏
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. 😅😅😅
Good choice!
Congrats. Enjoy.
The muppet boiler room secondary grey market is dead.
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
if you love the watch, keep it. If you bought it for a profit, sell it. it's g oing down.
It will never bring a profit. Watches are not profitable.
The watch market is dead, floating face down in the pool!
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.
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 love watches , that's it.
Always the best from Eric, Boss!
I try
Market? There is no more market!
It’s flatlined!🤷🏻♂️
I feel bad for all the dudes who bought hype pieces grey in early 2022. Got fucked hard.
Good. Not real collectors
PPE money. Wasn’t theirs anyway
No sympathy. Their greed and inability to understand markets aren’t our problem.
Useless watches
It’s definitely a buyers market out there. Damn interest rates and inflation.
Aside from high complication holy trinity pieces, certain rare discontinued models, and maybe daytonas, you shouldnt be paying over retail for anything.
What's a Sub Date going for these days?
starts at 7k on chrono 24.
If you’re facing 20 knots of wind, why don’t you record indoors ? You need the fresh air ?
Defog the sunglasses
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.
Grab the popcorn, its going to be a hell of a show
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.
Sell!
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.
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.
@@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
@@BobbyDazzler888they just added capacity and built a new factory - unlikely they will slow down production anytime soon
Rolex making a new billion dollar facility while collectors going broke buying useless watches
@@RICHIELUXURY “useless watches” 😂😂😂😂
Paying 40k for a titanium is soooo stupid
You can get a solid gold watch for that amount
Bro tell me the model of Shades those are I love them.
Czapek over the Rolex poo... Greys can only enjoy the good time but unable to sux up the bad era ahead!
what about the olive DD40
Down she goes
@@GBMM7 wrong, 3 highs for the past 6 months in wholesale trades within the last 7 days
All going to retail and less. Reality is inevitable
Correct. Interesting to see how some have climbed up a bit. And a bit like a healthy bit. While others are flat.
👍
Lets be transparent. The market is still falling down.
You can blame that on the econony being down, but that doesnt change the facts.
Starbucks are plentiful and still dropping, such a boring release
Thanks for the video Eric 😃
Any time!
Royal Oak now 25k-30k
💯 - 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!
nah
look at Chrono watches listed in Japan. Daytona under $18k. 16710 under $7500.
Nah I'm good. I don't $#@@ with Japan or whatever. Prolly fakes
Platinum Daytona was $40k and will be $40k again soon
@@RICHIELUXURY nah
They need to bring back that Kermit 💚💚💚 green
No one wants to catch a falling knife. I would rather be late to a party than early to a crash.
Nothing getting discontinued
I want Anthony Tugger Farrar to go back into the grey warch market...
I thought it was called a Kermit.
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.
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.
Eric lives on Palm Island. Lucky man !!!!! Friends with the Adrians?
One day I may live there
@@WatchEric 🙌
The watch market is dead. Sales have plummeted. Prices have plummeted. Do not pay over retail.
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
Love that new one
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.
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 😂😂😂😂😂😂😂
where your office lol
your website has no watches lol hahahah
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.
I appreciate it when watch dealers say it's time to buy.
😂
Skydweller all gold … no rose …one day
Not consistent enough on you tube Eric 😢only hear from you occasionally 😮
Only to tell us all is well😂
📉
Rolex is crazy overrated. I just fast forward to the other brands.
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.
I dont know why Im watching this, I cant even afford to buy a grand seiko
We all have to dream
How many of these watches do you think he owns?😊
Are you getting paid by the kilometres you wink your right hand?
WATCH MARKET IS DEAD
einstein, this market is directly correlated to interest rates
The market is retail. Thats where is heading. Reality.
If they drop rates (to try to help Biden get re elected), BTC will pump and young guys will start paying stupid prices again.
Rolex, Rolex, Rolex. Boring.
Just buy a good fake no one really cares….
I’ve been in a coma and just come out
Did the Pepsi get discontinued
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.
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.
Retail prices aren’t crashes, they are reality. If you paid above that, you were conned 😂
@@alohaguchis You can find them also under 15k. But who wants the ugly two tone models? 😆
Yet auctions keep breaking records.
Oysterflex daytona are still $6-10K above retail