Will the Rolex bubble crash in 2022?
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- Опубліковано 20 чер 2024
- Is Rolex pricing a bubble or a sustained, long-term increase creating a Rolex investment you can count on?
 Rolex did pop the Submariner price up by 10% but guess what? That's a drop in the bucket compared to what's coming!
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What I love about your videos Marc is you get to the point straight away, no hanging to the end, you just get to the ‘meat and potatoes’ of it and then give a great explanation behind your opinion and thoughts. Bravo 👏
Thank you, that is a learn to skill or maybe an art. But I know people tend to bail out of a video within two minutes if they can’t see a point coming quickly LOL
@@marcgoldbergdogtrainer Haha. Good point and knowing what is coming makes me stay to the end. Great content Marc, thank you 🙏
I have no doubt that you are correct that Rolex is pricing their watches at a level that *if* there was a significant retrenchment that the authorized dealers would be able to sell their new stock at or near list price. The question is whether the inflating market prices and the purchase of Rolexes as "investments" will continue to drive demand vs. old school collectors and people who want to mark a life's accomplishment. My guess is that higher interest rates, the end of fed money printing, a slowing stock market, crypto retrenchment, inflation, etc. will reduce the amount of "funny money" for non-traditional asset purchases. I can certainly say I'm feeling the inflation and market squeeze much more than a year ago.
It wont until you can find GMTs in the case that are actually for sale!
Seriously... you are the absolute voice of reason. Superb video... as usual.
Trusts work different to companies and I think that’s the part some people really really really need to understand.
Excellent advice, Marc. In watch collecting, as in most everything in life, patience is a virtue.
Collectors either take the short view or tend to get bored. Neither of those is good for keeping a Rolex investment safe. The only time I’ve ever lost money on Rolex is by selling too soon.
@@marcgoldbergdogtrainer With age comes wisdom. I'm 63 and have collected affordable watches for many years. Decided to get a Rolex last year. Met a local AD and four weeks later got the call for a DJ41. This year she is going to get me a second Rolex, I've asked her for either an Explorer, a 36mm OP or a 36mm DJ. I'm patient, not in any hurry.
Yes when you are in line (waitlist/ interest list) and buy from AD paid retail Rolex, you are guaranteed you will not lose your shirt ; but if you paid 200% or 300% premium; jump over the long queue ; and paid with multiple credit cards; it’s a matter of time you will see you will lose everything.
I don’t see $12,000 retail watches can have secondary market $50,000 for ever. There must be constant supply of wealthy idiots to be able to maintain this status quo. Exclusivity yes if only Daytona, but when everything is exclusive that is illusive
The higher the price the fewer the people that will or can buy. At some point that becomes a problem too.
In 1985 my grandfather retired and his work bought him a Rolex Daytona. It was stolen from the retirement home he was in in 1999. I told this story to a Rolex AD last week and when he told me what that watch would be worth today shocked me. They not only robbed him but robbed me. It was priceless to me and that's why I went into an AD to buy one and hope I can pass it down without being stolen this time.
That’s a sad story and one I’ve experienced in my own family. I dont think any valuables should go along with to retirement homes. Just the sentimental stuff.
@@marcgoldbergdogtrainer I agree, I told my dad I was going there to visit him and he ask me to grab his watch, wallet and any mail he had. The back of the watch said his name and 47 years of service. I bet they or someone changed the case back. You have a good channel, thanks for the content. Take care.
A close relative of mine had to go to the hospital in an ambulance and his Rolex gold President was never seen again. Insurance paid $10K but I know his eldest son would rather have the watch his father wore for decades.
@@Scott-jf1nh $10k is a steal now for a President
@@Scott-jf1nh these kind of stories make me sick. And I agree, I was born in 1972 and in 1985 I didn't know much about watches and I saw my grandfather wear it all of the time. It had his name on the back and he said it was a quality watch that would be mine someday was all I knew. I wore swatch watches as a kid, that was all I could afford. I had 2 son's late in life one is 6 and the other 7. I just received a Rolex submariner for one son and I want a Daytona for the other. I wear watches and I think it's good for them to see it on my wrist so they will appreciate it for later in life. Take care.
One of your best videos Mark! I wish folks who are so angry about the current situation would take the time to understand the factors driving it. Many years ago a buddy of mine who was a foreign war correspondent for a TV network told me that a Rolex was untraceable currency. Having one meant you could trade it for a safe departure from a potentially deadly situation. This level of demand is really nothing new. What has changed is the disposable income unlocked by tech and finance industries globally. It’s only getting more powerful.
Always engaging. Thank you
I feel rolex had already beefed up their supplies but lots of dealers snagged them up causing the hype. It may take many years to see the bubble burst when dealers cannot hold up anymore spare unpopular inventory
Spoken like someone who has never worked in the jewelry or diamond business. You are deluding yourself. Sellers/dealers aren't going to lose money. Period. If that means you never have enough money to buy one, so what? Someone else certainly will.
Maybe the madness was selling an OP for about $8k or a daytona at $12k.
you forgot a very important point; rolex sends each movement for cosc certification. this certification authority is already at the limit. rolex can only increase production in very small steps.
Great video . You have a great talent and your knowledge is vast on watches.
Thank you and I’m loving your channel also. Highly recommend! Like you, I’m low tech lol it’s all about the information.
Awesome video thank you 🙏
Your best video ever !! Thanks I think just like you !!
I don’t think the Rolex market is a bubble. Sure there might be a correction. Panda daytona might go back to 35-40k from 50k. However, the past 50-60 years have shown Rolexes increasing in value every year.
my Rolexes have increased about 8%.. in the last month alone. probably just adjusting to the retail price increase. but at the same time.. a Daytona (which I do not own) has increased about $5 K
Very knowledgeable video, I understand everything your saying and agree with everything your saying 👏👏👏👏👏👏👏
Very good video, enjoy long term !
Thank you so so much for not calling it the “Tiffany” OP 👌🏻
Hi do Rolex Datejust41s keep there value?
You always have interesting thoughts Marc.
Damn, this was the best video I’ve seen on this. 👏
Won't happen. People forget that when the market crashes or the economy tanks, especially in countries like USA, wealth just gets concentrated to the top. Luxury brands' buyers are of course wealthy individuals. So unless the people on the top lose money, luxury brands will do well.
Loving the frequency of content lately. Keep up the good work Marc!
Excellent video Marc!
Fashion trends are constantly changing. 2015 a person can walk into an AD and buy most sports model. Today everything is in high demand. Five to ten years from now Rolex might not be as fashionable.
Great explanation for why Rolex prices defy explanation 👍
I think you're correct sir.
Good point, Marc. I believe that what will happen in the future is that the people who will have access to buy Rolexes from AD will shink. Do you think Rolex will go boutique styles owned by them in the future?
I don’t see that happening anytime soon but I do think it’s a long term, maybe 20 year concern. The reason I don’t see that happening anytime soon is that I think Rolex can preserve the cachet of exclusivity better in high rent district jewelry stores than merely online.
Rolex will only increase production if they can maintain the current quality standards they have. I think some watches will correct in prices but moving forward there will always be a demand higher than supply for Rolex watches. I can see them making less steel watches and more two tone and precious metals because they can make more money per movement produced.
Yes I agree. The Chinese are huge Rolex buyers and will take up the slack in any other markets. Anyone routing for Rolex bubble bursting need to read the article about this in the financial times.
The Rolex can’t burst fast enough for me- although I don’t see it happening. I just moved to North Carolina and went straight away to the local Winston Salem AD. I never got anywhere with my Florida AD. The NC AD said they’d put me on the list for a Sub/Date but never actually took my info so I get the hint. I’m going to take your advice on a past video and ask for a SD43 so maybe I’ll get some luck. I’m over 6’5” so I can easily pull off a SD43. Really wish I could get a Sub/Date from the AD but I don’t ever see that happening because I don’t want to buy watches/jewelry I don’t want just to MAYBE get a Sub/Date. I’m not paying grey prices for one.
If the stock/crypto market have another week like last week, I think we could see the watch market start to slow down along with other asset classes. Long term, would expect luxury goods companies to do just fine with the increasing world wealth.
I agree. I feel that there is a direct correlation between the two.
@@richardf7223 Fingers crossed that any martket corrections will knock some people off the list with my AD for the Sub. Would love to get it earlier rather than later in 2022. If this keeps going, will let AD know that I am ready to go with my money next time I see them.
To me there are only three ways a 'crash' could happen. Firstly if Rolex actually put more watches through their AD network for sale. Second if we had a global and catastrophic financial meltdown and thirdly if Rolex stopped supplying the grey market directly with tens of thousands of watches they should be selling through the retail network. By the way the advert before this film played was for a super dooper shaving thingy...
Hi Marc, I need some advice. I have several watches the best being an Omega Seemaster. I have always wanted one Rolex but because of the difficulty with availability it has been a big challenge. I now have the opportunity to purchase a previously owned Rolex SD 43 Redline for $16,500 with the box from a reputable dealer--not AD. I know Retail is 13K. Should I pay over retail for pre owned Rolex? Thanks for any advice.
Great and insightful video. The 'hunt' is indeed much of the pleasure...acquisition is the realisation that the 'hunt' is over.
(What the hell am I going to do now!)
Marc, This is the first video I am seeing of yours and let’s just say I Loved what I heard and now I am a fan !
It’s true! I struggle with wrist Boredom and have made some DUMB purchases; but I have never sold a Rolex … I’ve bought a few the high side and what can I can honestly say…I didn’t feel bad 😬
You are so right about the hunt Marc. I finally got my white Daytona the same week that you did and I love it! But the hunt is now gone… which is great in one way but just going to the watch box and seeing it.. while very good… isn’t the same as just lusting after it haha
Sometimes you have to put it away where you can’t see it so you have time to miss it.
Once I get my second Rolex from my AD, will ask to be on the Daytona list. Hope my journey ends with the watch at some point in the future. Congrats on getting "the call".
They could easily loose their tax status, it has already been questioned in the Swiss Gov.
Questioning something does not mean you will change something. Rolex is too important to Switzerland for them to do that. They are a huge employer for the country and exporter!
Ive ditched Rolex and turned to Omega
Nice analysis, Rolex is my favorite Wet Watch 💦
The only way that this madness will stop is when the demand stops.
Rolex’s marketing budget is ONE BILLION dollars per decade. All spent to create demand. It’s not going to stop.
@@marcgoldbergdogtrainer Yes, they have been doing that for decades. But it was not to long age when you could walk into any A.D, and purchase steel models with a discount. Eventually the music( Hype) will stop. The market can not sustain this forever.
@@roberthiers5606 you wish! Keep wishing my friend!
i agree with everythin u said except for rolex increasing production even yrs from today... i think rolex production numbers will remain at abt 1 million... now and 100 yrs from now.. same production numbers.. if not less...
Everyone else pretty much makes my points. Great video. Common sense. I picture Rolex marketing and executives having a field day with the current market. Laughing their heads off at social media stuff.
People getting stock easy in Australia
All these variations and special editions by so many companies yet Blancpain can't make a 40mm Fifty Fathoms
Buy a mil spec better than any Rolex 👍
Marc, you know I always say what I think. And man, here you nailed it! You cannot imagine how many watch I had in the past and traded them and traded them (16570, 116610LV, 216570, 16710, 116500LN, 16600 x 2)…what I learn is to enjoy the journey and being patience. And you know what are my fav pieces? The ones I had to wait for with my lovely AD for years: 124060, Wimbledon DJ, 116518LN and 126710!! What’s the key takeaway here: enjoy the waiting time. It gives more pleasure than the transactions.
Unfortunately we enjoy hunting more than catching lol
@@marcgoldbergdogtrainer and that’s my room of improvement. Taking the time to explore what I like without being affected by the hype!!
2 days ago I picked up my Daytona at 15750 USD amazing
Correct of course given a charity and never once burst a bubble they onto a winner for absolute sure something I mentioned in my video last summer great to see a proper UA-camr say the same :)
Me a proper UA-camr? Haha have you fooled! But thank you sir.
@@marcgoldbergdogtrainer lol you're doing well always interesting to watch what up to good luck in 2022 :)
I hope it does this bubble has gone on way too long. Look at the Tiffany dial sells for under £5000 and currently resells for £33,000. That’s just madness.
Madness? Or genius? Or both?
Where is the compliant about Patek Tiffany blue selling for 6.5 million and retailing in the mid 50's
@@samuelburton5576 that too but this about the Rolex bubble
@@samuelburton5576 that Patek was mostly a charity sale.
@@chipmacgill yes but they are still going for way over list, the discontinued 5711's
Everyone wants to attack Rolex but not PP or AP. It's like people want Rolex to flood the market to get everyone what they want but not the other brands. It's a double standard!!
It will not crash... lol if you are a smart guy and look what is goin on around the world and follow US stock market that is falling, Rolex watches will not fall. People will actually use these watches as inflation hedge.
Also I agree the hunt is actually better than the kill 👏👏👏
Absolutely correct in your take Marc. Rolex will protect their brand (and hype) by keeping supply lower than demand but keep increasing prices on those hyped models as often as they can to catch up with retail market prices with this with the help of the grey dealers. If anyone think Rolex hates and wants to kill off the grey market/dealers, they should understand how business works.
wowowwowowow
@@daniellewis9240 mark said in 2019 that wo woo wooolex will discontinue all steel models coz it want to reach parreek level
I'm sorry but I think this is the story people usually use to justify all this, When you see Rolex watches in the authorized dealer nothing but you can buy whatever you want on the black market, when you see all the blabla the AD has to do, don't tell me Rolex is not involved in this, now Rolex has become a speculation tool not a watch.
Stocks will crash. Hard assets will not.
Now is the time to hold and maybe have a little cash on hand to buy from guys that are forced to sell due to large debts.
If you got some extra cash it’s a fun hobby and if you got in it before the craziness then u got a good AD to get u a watch now and again but if you are using mortgage money or college fund money then you need to stop that and get busy with something else.
Safe buy at retail. Not at Gray.
The world is heading for turbulent times.
Unlike stocks and mutual funds, or plain old cash, you can't sub-divide a Daytona, so it's either "sell" or "hold" when you need cash.
Now, we know this is the internet, so every Rolex owner is a multi-millionaire with a paid for house, 5 years of cash reserves, and even if they lose their job, they can pimp their supermodel spouse out for $10K a day instagram photoshoots. So maybe nothing happens and prices still rise? But I doubt it.
For everyone else; winter is coming. It will be interesting to see how the economically impacted who need cash and are overextended will make a decision between selling their watch, or selling other devalued assets.
If it's really bad, we'll see AD's offering discounts again.
Haha your comment is gold
Okay, I bit. I am writing a comment before I even watch this video. The only bubble that will burst will be for the suckers who bought the light blue (that's what we used to call that color except if you are from NC, you will say "Carolina blue") OP for $40k.
Or they will have the last laugh. Time will tell but I was happy to get mine for less than half that.
My uneducated guess is this: The wealthy Chinese are and will be buy Rolex like M&Ms..........
Correct. Already happening. The Chinese economy is slowing and property market in trouble. They are flocking to Rolex like nobody's business, especially precious metals like Day dates. All the Rolex haters can step to the side because the Chinese will drive this market higher this year. Stay tuned!!!
Marc …. We all know you aren’t keeping that OP41 forever. Lol
Define forever.
Hopefully he will! Nice watch
More and more people are letting go of the Rolex dream because of all the silly games. Rolex are over priced at retail while putting their prices up much quicker than inflation. The image of Rolex is all brand over quality and they attract people who drone on about money and resale values. Rolex makes massive profit per unit compared to Omega Breitling etc and are no longer a watch enthusiasts brand. People will get bored with it eventually. It’s just how long will it take 🤔
And you’ll get mugged for it
Rolex, the new Hublot?
Really easy
I think people are just moving their money to other luxury items.
Pontif is dead.. Long live the (new) pontif Marc👑
No
The solution is just pay the right price
Rolex plan is going well, why would they change anything? Why would they take the risk to build new factories to produce more watches? They are aware the hype always changes. Before it was Panerai time, now it is Rolex, Patek, AP time.... Will the Millennials carry on or will they prefer to invest in Sneakers or NTF instead of watches? Rolex has always been an old man watch. Will the old men of tomorrow be interested in watches?
Well the millennials are jumping very hard into watch collecting at this time so your perception that Rolex is an old man brand doesn’t ring true anymore. Look at Cadillac, used to be the old man car but they are working very hard and succeeding at selling to the 40 year olds. It will become an aspiration for the 30 year olds and will keep the brand fresh.
@@marcgoldbergdogtrainer I have to disagree. Most of the Millennials do not have watches and those who have, cannot get Rolex at the AD (normal price). The only way for them to get ons is to ask their rich father to get one for them. 30 years ago, I was not interested in Rolex, so boring, just an old man watch. Now? Rolex are still as boring as before and are still old man watches. But I am old now, so I have one. Cadillac... this is an American thing, nobody would buy that in Europe, except old men dreaming of "Happy Days".
They won't build new factories and produce many more watches just because some people are frustrated they can't get a watch. Some people forget they are not a company beholden to share holders as Marc has stated. I think some grey market dealers get frustrated because there is a strain with them getting enough watches and they turn around and bash the company and complain about customers getting fed up and moving to other brands. So shallow
@@samuelburton5576 fully agree. Gray market dealers want to make more money, rolex does not care, rolex is rich enough
Young people look at Rolex wearers as posers . Sorry boomers fault!
Hi I don’t think so if Chinese stop buying Rolex or watches the market will crash you believe or not
Nope
It'll burst. It always does.
Examples to support your assertion please. Here’s mine. The stock market plunged in 1929. And then recovered. Just took time. So is this a bubble? Or is this a carefully curated strategic plan?
Quick answer. Hell no
People will tell themselves anything. And believe it...however ridiculous. Rolex isn't a corporation. It's a charitable trust.
Great points Marc...that's why the 50 year anniversary Explorer II was so underwhelming; when a company plans on selling a product Forever, 50 years can become rather underwhelming when you're planning for the 500 year anniversary!
First of all, thanks for the nice videos. however, I think this is generally too much about investment and money. I miss the real purism a bit. but I always look to your video's. ps. wear what you like.
I have another thought. We should not buy watch from grey martkets, if you do so, eventually you sponsor those flippers, bcos when you buy from grey markets meaning you buy from those flippers and so they will continue go back to their AD to get new watches, and consequently the AD will not have any leftover pieces for those sincerely waiting for a piece from the AD. And it's on and on. Hence, just be patient and sit back and there should have an opporrunity later to get from the AD. 😊
Change the name Rolex to GREY because that’s what your really buying suckers 😌
No, no it won’t.
It’s simpler than that.
All companies only have two objectives. Make profits and protect the brand. That’s it. EVERYTHING they ever do is under one of those titles. For all “Normal” companies this is an 80% - 20% balance. With Rolex, uniquely, it’s 20% - 80%. It’s that simple.
I disagree about eBay.
Seller offers can be $1, and their authenticity programme and PayPal gives you a double guarantee and 100% safety (just stick to the rules). Done it 3 times, no issues at all. The only problem (happened all three times!) is the winning, highest bidder suddenly wants to treat it as a “retail sale” ie. like a shop when you see the goods then pay after inspection.
They all had to be reminded - EBay is an AUCTION website. You pay THEN you get the item. Normally resolved by meeting in a bank (or PayPal), paying and depositing cash, then handing over the money to the bank (so you know the cash is genuine), then giving him the watch. Or paypal and meet at a watch dealers.
eBay protections heavily favor the buyer. Your success ratio has given you confirmation bias that you’ll never have a problem. But your database of experience is exactly 3 deep. If it were 3000 deep you would be carrying insurance against loss.
@@marcgoldbergdogtrainer True up to point, and logical BUT ….How many private investors sell 3,000 Marc? I have sold maybe 300 things on eBay without a problem.
Point made I think.
PS. I actually think you missed todays major issue about eBay (et al). Security. The risk of taking a £35,000 watch to sell. Could be a set up where you are mugged before you enter the bank or jewellers etc. Or they don’t pay and leave the place, then you get mugged. That alone is enough for me to use a dealer now. Plus better margins. PS. I have £200k in new Rolex’s (2021 Panda, Pepsi, Batgirl, President and wearing them all, using same protector sticker as you). You name it I have it - except a SkyDweller. On order … ! They cost me £120,000. Better than Gold at the moment.
@@johnscott4693 300 things are not the same as 300 watches... Selling an easily lost or stolen commodity valued at thousands of dollars couple with eBay's biased "Buyer Protection" isn't for the fainthearted.
@@WatchJapan I agree. That’s not the point. Your average person will only sell 3 or so over 20 years
to answer your question;
No, not yet
GP is the new Rolex
Why do you say that Farer?
Hardly. GP is a great watch for a ridiculously good price if you buy it on the secondary market for a typical 40% discount. But it’s lack of name recognition and brand cachet mean that it will be collectible only among the watch illuminati.
Anthony Farrer trolling, and trying to pump GP prices. Marc I’m not sure if you’ve noticed but GP Laureatos go for around retail now. They are officially the second overflow watch behind the overseas for the royal oaks and nautilus going out of reach for many.
Rolex is for profit, and the Hans Wilsdorf foundation is not.
Will the bubble burst in 2022? Well, if you consider maybe a 10% lower price, then yes. However, I do not consider that being a bubble burst.
If what you say is true, and it's entirely likely, then their ADs are going to go absolutely ballistic. It's one thing if this is the result of an issue or market condition that Rolex is working on. But it's something completely different if it's a strategy Rolex is actively pursuing. If I was an AD, I'd drop Rolex so fast. Maybe Rolex, as a trust, can weather the short-term pain for the brand gain, but those ADs can't.
That'll mean either A) Rolex plans to roll out their own boutiques or B) Rolex intends to sell exclusively online eventually. If that's true, then they will have to be the grand arbiters of the customer wait lists, or risk going down the road of PS5s where bots buy up all the inventory as soon as it's released, and it all goes on the grey market. I'm not sure that's an endearing strategy.
It’s difficult to Rolex increase supply straight away unless they use robots which I believe this would not happen as they are like Rolls Royce and want some hands on made watches. So this means more watchmakers/skilled staff which cannot happen over night.. also there is a raw materials shortage and possibly Tudor is adding to the numbers… it will flatten out eventually but new models will come through and our now models will be discontinued so will always hold its price IMO
This is what they want you to believe. However I truly think they could ramp up much quicker than what you believe. However they will ramp up on a slow steady ramp to ensure that supply is always less than demand. Rolex does not have to maximize production, distribution or even profits. That is their advantage.
I don’t think Rolex will increase production at all as it would mean an exponential increase in employees and one thing that coronavirus has taught us, is not to increase these liabilities especially when they don’t need too, regardless of what type of corporation they are registered as.
MAybe there will be more Rolex watch theft to lower demand ;)
There already is doesn’t lower demand but does mean you have to be careful!
Rolex doing way better than gold or silver. Why not invest in a few Rolex if you can get a deal.
Marc you are right on about this. You have good insight on the watch market who puts things In perspective without bias like so many other you tubers who live off grey markets sales from Rolex but trash the brand. I won't mention names but if I were a Rolex swiss representative I would take note of who trashes my brand and throw a couple of elbows with people selling to them, find the serial numbers and cut off ADs selling to them.
Some of the gray market UA-camrs may be afraid to make waves but some are very brave and say it like they see it. At the end of the day, I’m a dog trainer, watch collector but not watch seller so I have nothing to lose by talking turkey!
True that. I just think it's refreshing not to always see you tubers who are narsassist and/or have inflated egos of themselves. I won't mention names but they know who they are. Also I'm glad you don't sit around in your torn and tattered underwear begging for money on you tube! Won't mention names
I think I'm going elsewhere for the hobby. You cant even wear the Rolex without being paranoid that you might get mugged in a public place.
Fair point! It is a concern for sure.
All of these watches are super affordable trinkets for the wealthy. If you have $100M or more you can buy a lot of Daytonas at $25-50k if you are in of the 3000+ $Billies in the world you can pay over for anything you want. Plus the difference between someone who has a paltry $100-999M dollars if great and there are a lot of people that are not considered uBer rich that would never make Forbes list.
Uber rich buy Richard Mille. Upper middle class buys Rolex.
@@marcgoldbergdogtrainer oh they buy both. Rolex is like a trinket for a $Billie. But I agree you have to be stupid and slightly rich to buy RMs. Except for athletes they get them for free😃. And I was trying to point out that rich is a relative term. If You make $600k a year am I rich? No. Not by my definition. If you are worth $500M are you rich? Not by Elon Musk or Jeff Bezos definition. It’s all relative. Watches are cheap. And the funny thing is? No one “needs” one🤣
There is no Rolex shortage. They're all on the effin grey sites. Example: Jaztime has 141 Datejust 36s for men and guess what? They're all over 10K. Are you serious??? Even the domed bezel and regular Roman dial ones are north of 20K. For a DJ36??? This is ridiculous. All the ADs are selling straight to the grey dealers. Rolex should just sell their rolexes at Boutiques only. The ADs are being straight shady.
PHIRST
Respektos!
No burst bubble phecond Respektos.
I bought a submariner for like 3k years ago. Now you’re hard pressed to find the same watch at 15k and upwards.. to hell with Rolex... buy a Tudor it’s a better piece...
Crypto tanking, stocks tanking, as more people get pressured, they are gonna sell what still hasn't went down, and that will in turn put pressure on watches as well. Lots of overleveraged "influencers" out there thinking nothing can go down.
It’s the end of the World as we know it and I feel fine.
We the consumer control the market. Not the flippers or grey market dealers. If we as the consumer REFUSE to buy from them the prices would come down. The market would be flooded with the watches we want. Flippers and grey market dealers are opportunists not collectors.
Ok you have 100 million cats to herd. Get busy! 😂
@@marcgoldbergdogtrainer I would never pay 20k-25k for a 7k watch. That is ridiculous. One person can start a movement.
I’m with you what’s the plan?!
@@marcgoldbergdogtrainer it takes people like you to start this. You have the platform. I don’t.
Logan I hope you can get the watch you want one day so you can stop hating on Rolex! People are not going to stop buying Rolex because of disgruntled wanna be a Rolex buyer!
It's already crashing. Also, their brand is being destroyed by have some rappers called the island boys endorsing the product!😅
Rolex isn’t controlling anything, the market is completely nuts, prices are nuts, and people are nuts. Rolex is ruining their reputation and now are nothing but a grey dealer watch. Thats scummy and dirty. The sophisticated days of buying a Rolex with Champagne are OVER!!!! Now Rolex is a seedy shady gross grey market watch. I’m sure Hans is cursing from the grave. I would be. Embarrassing.
Hater!!! I guess you hate AP and PP as well because it is happening with them in hyper drive. What's embarrassing is you hating on Rolex and complaining
By the way, you are contradicting yourself. Get a ☝️👉
Rolex will never achieve the level of true exclusivity enjoyed by Patek. Nor, I suspect, do they have the slightest intention of trying.
You say that but they already have far better name recognition among the general public and they are not so slowly working their prices up.
@@marcgoldbergdogtrainer Name recognition alone doesn’t make something exclusive. Moët & Chandon and Mercedes Benz both enjoy outstanding name recognition and, although luxury brands, are nowhere near as exclusive as relatively lesser known brands like LR Cristal or Maybach.
Stick to dog training
Blah,blah,blah…just more endless yapping about Rolex,I’ve forgotten about this brand and feel 10 years younger,life is too short to obsess about something like a watch.
then why did you bother watching the video and then commenting? Haha