WRIST WATCH MARKET COLAPSES - Flippers are getting very nervous
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- Опубліковано 8 тра 2022
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Out of all the watch youtubers covering this topic by far you've just recieved the best most comprehenive coverage. He hit the nail on the head with this one.
The price drops haven’t even close to bottomed. Don’t let this second hand dealers like CRM jewelers fool you. There is much more downside left to go.
Crooks…
"second hand dealers like CRM jewelers"
LOL... you mean organised rolex flippers
I wouldn't be surprised if we see GMTs and Subs in the window again soon.
Daaaamn how that hateraide taste ?
Listening to these crooks like CRM, Eric, Roman Sharf etc regarding the prices and forecast is like listening to a second hand car salesman regarding the quality of the car he is selling.
Poor old flippers, my heart bleeds for them
hair by Beached Walrus In Distress
Luxury goods sales have had an amazing run during COVID. Now that the luxury holiday is a thing again, that's where the money is going.
Luxury is about brand new not second hand.
@@bighands69 Tell that to the guys who collect Chippendale furniture and Roman coins. There is a lot of money in the world and many, many markets. But the uncouth ignorant sociopaths at the top would rather but an NFT image of an asshole than a Botticelli painting.
REAL WATCH NEWS , good one Arch 👍.
For the first time in years, my Rolex AD is telling every customer at the watch exhibition to bring them an invoice worth USD 2,500 of jewellery and they guaranteed them any datejust/submariner/sea dweller within 2 to 3 weeks.
Are you telling me Anthony at timepiece gentlemen is going to have trouble paying for his 100k a month penthouse?
We can but hope
Travis is done. His name doesn't even get mentioned by others anymore.
Anthony only does his business for Clout. Nothing more, nothing less. That's why I stopped watching his shitty content after the third TPG episode.
LOL
I would like to see the Pontiff with the Hermes Birkin dancing and singing “Goodbye Horses”
that's what superchats are for
wearing louboutins of course
Well said Paul, correction’s to realistic level’s! Flipper’s and corrupt AD’s, will die off!
For all the people out there that like to constantly attack Paul Pluta/ ArchieLuxury just take note that he has been on this turn in the market, warning people about it & offering timely advice to them unlike many other people & channels.
Yes he did and gave responsible advice on cutting numbers of luxury watches if one is in debt.
Sell Rolex buy timex sized pateks
Sell sell sell and hack off the horns
“Count to 10, 1, 2, 3, 4, 5” that’s as far as they went at Oxley State Hiiiigh.
a self-fulfilling prophecy; you can't live as snake oil salesman indefinitely
does this mean the PP philippers are going to become even more unsellable?....🤔
It's mean, it's nasty, it's vicious, it's a phrantic cesspot - should have put your money in preowned lawnmowers.
Good maybe I can get a used Milli for under$6K.
🐬🐬would be very nervous if they saw a horned 🦭
I wouldn’t want to be the Time Piece Gentleman right now 🤣!!!
Back to tugging i guess
Fantastic show Arch. Spot on. But I suspect that many who complained about high flipper prices still won’t buy when prices fall. Some people just like to complain.
The watch market did not crash , it's beginning to crash.
History has shown us that Rolex prices do increase over time - but it's shown us they increase from their retail price. There is no evidence to suggest a Rolex sold at 3x/4x or even 2x retail price will go up in value long term. That was pure speculation over the last 2 years.
Great. It's good to see the watch market dive.
Had a well renowned dealer in Aus begging me to buy a two tone bluesy. Ah.....how the worm has turned
Word is that dealers have dropped the price they will pay for new stock by 30% to 40% in the last week for hype Rolex. That will take some time to filter through to Chrono 24 - but if you buy a hype watch on Chrono 24 now at the prices currently listed then you will lose a lot of money. All buyers out there - wait 3 months and see what prices are doing then.
💯. The second hand dealers are offering insulting money for the good stuff and holding on as long as they can before they have to lower prices to pay rent and employees
At the end of the day the Rolex brand in particular will suffer tremdously following this crash. They fueled the spriral and will leave a lot of people disenchanted. You can only screw the buying public for so long - eventually bad behaviour always catches up with you. That's why we have the word karma.
@@philw4053
Nope Rolex will not suffer.
Rolex sells to those that can afford to buy them and they have not over produced. Their primary market will do ok as they do not care about the second hand market.
Get vintage or 5 digit and your money is safe. Constant demand but constantly shrinking stock.
Great video Arch 🐉
The dragon
The pontiff knows what he's talking about. @7:55 he touches on exactly why all asset classes have taken a hit. The feds funds rate hike is the reason why everything has seen a hit. Everything is in a bubble and all things derive its value from the bond market. It's true there is no price discovery mechanism but that's due to the amount of paper and 0s in the system.
By fed I assume you are talking about the US. The QE into the market place has not been the reason why US assets have been doing so well.
Most of the companies in the S&P 500 are profitable with a few exceptions because most sell products that people need.
The US government if it desires could do a lot more QE before it would really have a marked impact. The problem the US has is its money is used as a international currency reserve to underwrite a lot of trade and governments.
That in turn means the US market does not have enough cash in it for trade and circulation. The reason why various US governments have been US QE is because they understand this but they dare not tell the US public about this.
Nice one Arch!
Nice one Arch
Anyone who bought a Royal Joak over list is a fool
Royal Hoax go downhill without brakes
what about our irish pizza boi from venice?
@@JOHNNYSD-43 should buy one at retail if I am offered one or should I wait for a bargain ?
@@Romio666 You can grab one in shop with your gang
This is a reversion to fair market value... yay!
nice one arch
Usually when people are satisfied with their collection of Rolex watches they turn to collection of Hermes. Hermes price is crashing too. Archie are you getting nervous?
That is a desviation, a mix between kfc feremones and pure hedonism, transform a watch collector in Q. Lazzarus
It’s obvious that the bottom was falling out, you only have to look at the sheer quantity of UA-cam content being produced currently that are desperate to tell us that it’s not crashing to know this.
I have said this would be in the post & was discounted out of hand, listen now to the “buy the dip”, comment dreamers that still think they are traders in financial assets 😂😂😂 hilarious.
what happened to last night's live stream? why was it pulled?
TPG is in trouble
Hes finshed.
Jeez archie this happened in the past years, lets revisit a few months later
You da man arch the honest man 🤸
OMG!!...why, oh why did I get the Squaleee?!!... I want out now!!
PMD!!
The reason the watch reality shows focused on RM, AP and PP is because the margins were 10x to 20x what more competitive Rolex margins were. Now that is correcting. To say that the watch market is “crashing” is an exaggeration though. Rolex prices aren’t even 5% down on some of the hype models. For a crash to happen it will take months. If China gets back up and running (no lock downs) then the slack will be absorbed. If not, then who knows.
The only person who should be getting nervous is the 200KG man with horns whose over leveraged himself with a base model BMW and LV briefcases (With no job to go to)
And a 45 % balloon payment for the beemer which the kids will have to take care of after phat bhoi has parked up
Now who could that be?🤔🤔
@@hubertuswolfthaler papa Pluta has left all of his estate to Alice, apparently she gives great felacio to old Pluta
There's a nasty rumor going around that your horns are fake. For God's sake please say it ain't so
Archie, excellent info. Which models are safe purchases in a falling market?
None
35mm girls dress pateks
Seiko, Timex, Casio, Daniel Wellington...
Pontificator Archie, thank you for belatedly letting the "Archieverse" know about the watch market crash, well after the "horse" has bolted! Regrettably, this information clearly represents your ineptitude in this regard! This blunder, may have taken a significant chunk out of your remaining credibility, if any!
Commiserations and the very best of luck to you, Sir!
As an end user, where can I pick up a "price crashed" watch?
Bought my Cermit and Pepsi at retail. Would be a bummer to see them tank in value but don’t see them dipping below retail. Liked the idea of being able to sell them off at a nice profit if ever need be, but this has been a completely abnormal market in the last few years and it would’ve been naive to think it’d go on forever.
It’s not abnormal. It’s completely normal. Wait long enough, the value will recover and even exceed the current market value record. This is all normal. Prices only go up in the long run.
@@Ferien7 history has shown us that Rolex prices do increase over time. But it's shown us they increase from retail price. There is no evidence to suggest a Rolex sold at 3x/4x or even 2x retail price will go up in value. That was pure speculation over the last 2 years.
@@stephen9609 there’s plenty of evidence. You’re confusing retail value with market value. Market value will go up in the long run, temporary fluctuations aside.
@@Ferien7 show me the long term evidence. I'm not saying the extremely rare pieces sold at auction. I'm saying the 99.9% of the million watches Rolex makes every year
@@stephen9609 the evidence is any market other than retail. If you’re asking for evidence, it’s clear you’re not paying attention.
I'm so happy!
I do think that with an AP , there is not to much to worry about
Thanks for the good news Arch. Looks like we’ll be able to pick up those Rolex watches at a discount after all.
Why does my paint feel ashy?
David SW, David SW, David SW will be pulling his adds big boy.
From my observation Rolex and high-end flippers are more nervous than those who bought more reasonably priced models because we love them. I'm expecting delivery of a Montblanc in the coming days that I expect will retain its value while affording me some wearing enjoyment as well. I would expect Zenith and Seiko to continue a slow rise. Tutor may rise as well. Tell me what you think all. I'm willing to be corrected.
The ADs have also been urgently ringing people up to sell precious metal pieces LMAO. Let's watch what happens to the prices in 6 months. I believe they will keep on crashing.
Rolex does not care. They have a deep set of pockets and there stock is still limited so it will sell. The second hand market on the other hand is different.
@@bighands69 Rolex was never limited. Thee demand was way higher than the supply.
@@Romio666
Rolex do not produce large volumes on a whim. Hence why there are shortages of them. They understand that demand can be a short lived and producing too many can leave the market flooded.
@@bighands69 did you check Bloomberg today ? 😀
I had to buy one more vintage clock today because the market does not matter, the Sun will rise tomorrow for sure.....!!! Did you see the Derby.. what a WIN
I’m going to be honest with you:
Two categories of watches have had a correction:
1. Top end very expensive $50k plus watches
2. The bandwagon watches that were not worth the price in the first place - Panerai etc (even Omega)
Your run of the mill No date Submariner will still go for Retail plus.
Why? Interest rates are rising and a lot of dimwits borrowed to buy $50k- 250K watches. And the coat tail watch makers are recognised for what they are - a cheap movement in a cheap case….
Curious about folks borrowing to buy watches. What financial institution would lend vast sums to a noob to purchase a watch. Payday high interest lenders, the mob?
Way off man lol.
@@548vikings
All sorts of routes. Credit cards, property backed loans, unsecured bank loans etc. Look at TimePiece Gentlemen, the watch flippers. My guess is they have a business loans…..
And we all know Archie is/was up to his bollox in credit card debt.
It was fine when they were an appreciating asset……
Whatever happened to Rolex being used as the new currency?
What happened to the livestream?
it dieded 🪦🗿
Imagine if you just brought a watch because you liked it and wanted to wear it….. and had no thoughts about parting with it 😊 Then who care it’s crashing…
Great content big boi. I dont trust other youtubers and dealers. Just the pontiff says the truth.
Arch is right about this one. It's like trading stocks or commodities - if you get shaken out of a downturn you're probably going to get _burned alive._ It's not just about having balls to ride a storm though. One needs to have cash reserves so that one can double the f_ck down.
(I bought 15K GBP of a Uranium holding company. It has tanked. Now I've just bought another 20K of the same stock. By the end of this year it may well be worth double my cost average - quite possibly triple by the end of the commodities cycle.)
what's the company? Why do you think it's a buy?
30% falls in index trackers, down to early 2020 levels. BUT its only a loss if one sells, for me its an opportunity, I have cash and I am now buying on the way down. Certainly wouldnt be buying individual stocks now though.
@@jojonesjojo8919 It's Yellow Cake plc (London.) It has taken a hammering over the last two weeks and is now trading well below net asset value - i.e. if they just stopped and sold off their stock of Uranium Oxide, the value per share would be considerably greater than what the shares actually _cost_ right now! Regardless of current market emotions, I believe there is a very strong fundamental thesis for Uranium over coming months and years. In order to decarbonise countries everywhere will have to build some new reactors or keep existing ones going. There have been plenty of announcements along these lines - only today we heard more about major new investment in nuclear from the UK government, for example. Yet Uranium supply is already under pressure as things stand.
@@bikeman123 Yeah. I think we are in a commodities super-cycle. The current phase has ended - carried down by the general stock market slide. But the next phase could be truly powerful - what with inflation and general movement out of stocks and into commodities.
...the interest rate rise is the actual real deal on the slow down.. nice call.....!!!
Rule number one is not to buy over retail.
Get yourselfon waiting list and enjoy your life in meantime
It's so haaaaard to tell the time without a luxury wist wist wist watch CHECK
what happened to the fridge?
There are dealers that will talk to you without hanging up ?
When dealers will be able to buy the hyped stuff at retail or lower from flippers then that will mean that the market has returned to a reasonable more normal level. Investments are always risky, and values can go up & down.
Need Rolex prices to fall like a rock but that ain't happening at all.
I never buy over retail and always export away from EU and get the VAT back so it's ok for me.
Luxury market’s finished.
Go Archie
And I never sell my watches either. I am not a trader.
It'll fall until its under retail prices. As it should be.
No price drop in the UK.
Rolex has nothing to worry about
Only the watches that are over the 60,000 range like the AP Patek/
150,000 Rolex gold green dail
John Mayer
Those are in trouble but I think the Rolex Detona// gmt /sub/ will be fine there worth the money
Good, now maybe AD’s will get inventory again.
Eerily like 2020 when Covid first hit and people panicked and started dumping watches. I bought that dip in early 20 and a few months later the market came roaring back. If you can afford to hold strong and sit on your stock then that is probably the better option. The market will come back eventually especially if your holding Rolex SS Sports or other quality watch brands. If you’ve been waiting for a good buying opportunity off the insane prices your ship may have just come in.
there's coming 'back' and then there's staying at multiples of retail for a product that still is manufactured for retail. it could dump down, there's no inherent reason for them to come back more than beanie babies had(in fact less of a reason if anything)
This guy gets it. The ones getting burnt are flippers and grey market sellers leveraged to the tits on their stock of Hublots and Richard Milles.
Eerily like 2020 ??? What are you talking about ???
Look at the basic macro set up / the flow of money / the monetary policy outlook / the strength of household balance sheets / the performance of financial asset / the state of net disposable incomes….. to name the first few that come to mind !
For the love of god, take 2 minutes to think before you say - oh just “buy the dip” like a total meme stock / crypto pleb !
@@BUMHEAD1100 Where did I say buy the dip? I said if your in the market anyway and Jonesing for a particular watch but not willing/able to pay the crazy high prices now may be your chance to get that watch at a much better price. You obviously didn’t read or comprehend my post. I said don’t panic like some scared little Manbaby and sell off your collection when the prices are tanking. You regurgitated economic/stock market strategies that are valid points. Here’s one for you “Don’t sell into a panic for a huge loss”. Buying high and selling low is pretty stupid don’t you agree? If you have quality pieces that you paid a higher price then you should have during the Lux watch mania, if you can afford to sit back and wait out the collapse hysteria then that might be the better option. It’s called a generalized statement. I realize everyone’s circumstances are different so you do what’s best for your own circumstances. In general, people that bought high premium watches on credit or stretched their finances to the point they now have to panic sell those watches just to pay their bills have no business buying expensive watches. These ups and downs in the Rolex market are nothing new. I’ve been through half a dozen in my time doing this watch flipping thing. Quality desirable watches especially Rolex SS Sports always have come back and attained even higher prices after the shit storm blows over. I’ll buy the panicked Manbabies Rolex at a heavy discount any day. I did that during the Covid panic sell off and made Bank flipping them just months later. I’ll be accumulating again with the profits from those discounted Covid watches. Nothing about a rare desirable watch has changed has it? A Rolex Hulk or Pepsi GMT are still rare, still desirable just much cheaper now. No It’s People’s perception of the market that’s changed. It was pure greed driving these insane price run-ups, now fear has taken over. Super desirable watches will be shaken from the Weak Hands and I’ll be there to buy them when the time is right. It’s not rocket science
Buy watches is not an investment for the vast majority of people it is a speculation. Holding on means nothing because you have no genuine way of valuing most of those watches.
Buy what you like and plan to wear and don't go into severe debt to obtain it. Flippers might as well get in the options market. Hmm, food shortages, fertilizer shortages and war....I am sure some people or profiting on misery.
In the 17th century flippers would have been those buying Tulips and holding them because they are suppose to be valuable.
Hair by market crash
This video I liked it a lot ,keep up the great work. WOW very interesting 1st class very kool great info.,, AAAAAAAAAAA++++++++++++ again great
The non-hyped watches, dressy watches have not dropped at all. Example: omega de ville Tresor….
good luck using TPG buy back guarantee
All markets have crashed, stock market for good, stellr will replace it. QFS to replace the debt slavery economy of the banksters. Anyone who borrows money to buy a time piece needs to get help, mental help
This is domino effect. Investors lost on bitcoin and stock and now they are liquidating. That's my theory.
if you play video on played speed 2 it more clean and less painful
Now normal price rolex
Hope those who artificially drove this market up lose their shirts. Keep dropping.
*Archie's chair Collapses. Carpet beetles are getting very nervous
I bet the watches aimed at the Russian market will now find their way to the rest of the world.
Rolex and Patek do not over produce and their products are of such a high quality that they will sell.
The second hand flipper market is not going to do well. Good luck trying to find a brand new submariner in the next 18 months.
It’s all over red rover
Good. Hope the flippers who ruin it all get wiped out. Greed ruins all.
As a watch fan, not a speculators, I can't wait to see some of these people lose their lunch. Maybe, if we are lucky, FED will stick with it and do something to save the dollar for at least another decade.
Signs of cracking….
Crashed? You ain’t seen nothing yet.
It will start with the top watches then a domino effect will start... people still have cash at the moment so obviously the clever flippers dealers will obviously be looking to loose there inventory... asap👍
Ridiculous house prices in Brisbane right now, could be time to flip yours Archie? Invest the profits into a hyped up Nautilus with Tiffany dial with prices crashing? 😁
If he has his house paid off and has the ability to move elsewhere then it could be an option. Otherwise it could just be somewhere to live.
It’s cactus my friend
It’s the old bate and switch tell us the prices are falling but selling there watches at peak prices still don’t be fooled. Go to there website you won’t find any deals. It’s ALL the super fillers putting the message out there like CRM, Roman , Watch Eric ALL Super Flippers who all bought to high they even got Archie in on it
China
Sounds like the realestate industry, thoses thugs have been getting away with this for to long.
Invest in the Hermes Garden Party.
A loss is a loss realized or otherwise let them burn Archie