Anyone connected to the watch industry will tell you that prices are still the same so they don’t loose money a bit like realestate agents will tell you buy now buy now prices will increase its all bullshit , luxury items are always the first to fall in any downturn there not a necessity
Luxury items- first to fall doesn't mean price. A Ferrari cost what a Ferrari cost. You won't find a new one for $50k. Same with a new rolex from an AD. Just because it's a recession, doesn't mean they are gonna sell them at fire prices. 2nd hand market is a different story because some people may need the liquid cash. Also, during recessions, normally the rich get richer. So there's that too. I honestly think, the right brand with heritage like Rolls Royce, Rolex etc, may see a dip in sales but nothing more than that. Wealthy people are making boat loads of money right now. Just my opinion
@@LewisMa Time consuming since its my first time using it. I bought a plug-in, followed the steps and its still not showing up in my editor. 3hrs already.
Recently Rolex or possibly AD's hording inventory have dumped a lot of inventory on the market...people were starting to stray to other brands and the prices were softening so (personally I think it was Rolex corporate) started all of a sudden having plenty of "unobtainable" models available.
@@LewisMa I know right? The only thing that they admitted publicly was they had watches finishing the COSC certification after they shut the plant down but vague on when or if they would send that inventory out...but you know Rolex..they are tight lipped.
I think a lot depends on what happens when the AD’s open this month as most of them in the US are still closed or just starting to open. Will they receive the high demand models from Rolex? If so will that take away from the demand on the secondary market causing prices to fall? What will be the effect of all the unemployment on the watch market? They are suggesting depression level loss of jobs on the news. Are people going to sell their watches? What will be the effect of businesses like restaurants starting to open with restrictions on occupancy? Will they be able to survive? The next few months will tell a lot. No one really knows.
As I always said; prices of sports models will keep going up and up (certainly longer term). Don’t sell and enjoy (if you can). These watches will get harder and harder to obtain.
Mi likey! I just bought my first luxury watch 114060 and it was a very emotional purchasing decision. I had just gotten a promotion during this time and as you said I have not been affected as much as people that were furloughed in my company. With that being said I hope I didn’t over pay as much and when the dust clears I am able to show profit if not break even for my next watch.
What's done is done! It was emotional and you enjoyed it! Plz dont second guess the purchase now prices are fluctuating. Remember it as an accomplishment
If you’re someone that prefers to buy brand new from an AD, I think this is a great opportunity to pick something up that may have otherwise been unattainable. I picked up my first Rolex last weekend as I was finally able to get the one I wanted, what an experience. Full gloves and mask, Lol! Pandemic Rolex buying from an AD got to love it! Reference 126622 with blue dial. Love it!
You're right - it's only been a few months. Anyone laid off who made less than $30 an hour is being paid more to stay home on Unemployment. While the buyers may have reduced in number, the sellers are holding. They don't really "need" to sell..... YET. That said, I fully expect Rolex to shut the factory for the next six months to a year, rather than have supply get anywhere near meeting demand. AD's will run out of stock to even "bundle" to their "preferred customers". I almost feel sorry for ADs. Almost.
tx for the comment. I agree with you. Most sellers are holding, a couple are giving some good deals on non hype pieces. I tend to believe Rolex has a stockpile of SS Sports and they can release any time they want to. but who knows.
Hey great analysis again. I do give a sh*t about watch prices lol. I agree that watch prices have softened from the highs. That was to be expected but what allot of people that are in the market, or in my case in the watch business, did not expect was the prices to start to hold firm and even rebound a bit. With respect to the quality brands like Rolex or Patek they initially take a hit along with everything else but usually hit a floor and recover quicker. Been advising my clients to go ahead and pick up those pieces they’ve been wanting but were hesitant to buy because prices had risen so high so fast. Prices have fallen 20-30% off highs on some very desirable models which is a pretty decent drop. Think about it. 6 months ago if you were offered a Pepsi GMT for $17k it would have seemed like a fantastic deal. It’s all relative. My own recent buying experience I have seen allot of unleashed pent up demand. A large group of people overnight became buyers. The better deals are being snapped up in a kinda “watch” feeding frenzy. I’ve probably made 50 offers since early March. Not really lowball but a fair amount under the asking price and almost all were rejected but a few did accept, or we were able to come to an agreement. The smart secondary dealers have lowered prices just enough to entice people to buy, but they’re not going to lose money dumping in a panic. Other dealers are into their watches way too much so must hold firm and wait it out. They know this will all blow over in time. Yeah great time to get those pieces you’ve been eyeing ......like that Lange
wow GREAT point on overnight new buyers showing up. They were enticed and jumped on it. I didnt know u were a dealer. So that Lange is GORGEOUS, but a bit small. 310.025. The other option is the 410.025! :(
First time viewer. Nice video. I like how you responded to previous content. Also like how you rolled in a world / current / market / holistic perspective. Well done. Thanks.
Lewis Ma - Maximize Your Lifestyle yep. That is it. The purpose of this video was to address analysis you made in a previous video/content. I think that is great. Overall the info you presented was good and comprehensive. I learned something. I subscribed to ur channel!
Nice to see some intelligent commentary based on facts and analysis instead of so much of the bloviating common on TH-cam. Good job! Two key factors: (1) people buying these types of watches are knowledge workers who have weathered the downturn better than most, and (2) watch prices (and most luxury goods) are correlated with the stock market, albeit imperfectly and with a lag. If the market sells off as in 2008, expect watch prices to go into a deep freeze.
You also have to mention that a lot of jobs aren't going to come back. I agree that this is worse than 2008. I'll wait until August to get my sea dweller red 50th anniversary.
I don't know if anyone else has brought this up (I'm not going through all 156 comments), but there's something else going on with these aspirational (want, but don't need) items during the pandemic: the YOLO factor. Same reason the classic car market (my other interest) hasn't crashed (yet). People are looking around and not waiting anymore for that luxury car/watch they've been waiting for their whole life. Life is too short, just do it.
Some TH-camrs have been making fear mongering content about prices dropping trying to drive the price down on hyped models so they can take advantage of people who need to offload then they can buy low and cash in when the crisis ends and the markets begins to recover. It couldn't be more obvious and it's sad. Obviously prices will dip like all markets and goods and eventually things will recover to new levels... historically, that means even higher than they were before the event.
@@LewisMa Yes... I just suscribes to your channel and I'm really enjoying it. Thanks for taking the time to make interesting evidence based content. Ciao
Lewis i agree with you, prices will continue to decline. Rolex will eventually push more products into the market, while demand for luxury item won't recover fast enough..
Lewis Ma - Maximize Your Lifestyle Prices, keep growing mate. If Rolex release a new sub, there might be a price decrease on current models, but just that.
My Watch trading group recently traded 2017 full set 116500LN at $26000 Cad. List to sold in 3 days. 2018 Hulk $17700 Cad full set, in 1 week at $17500, 2019 Z blue at 10900Cad, sold at 10500 in 1 day
What would you buy to hold for minimum 5 years 1. Rolex Daytona 116519 (2010) whid gold, white dial. 17k 2. AP Royal Oak 26120.BA (2014) yellow gold white dial 19k Neither has box or paper Thank you
They say no collection is complete without a Daytona. Try to find one with box and papers if you can. Makes a big difference on something iconic like that in my opinion, esp if you're holding for a while
Lewis Ma - Maximize Your Lifestyle do you think Rolex is better to resell than AP ? I just always thought AP is like Ferrari . Rolex Mercedes, ap is different level
@@mk007. in general is a toss up. But I think Daytona will be easier to resell than that very unique AP. different if u were getting just a classic royal oak
@@LewisMa I have a beautiful collection and would never buy a Daytona I think they are ugly most Rolex watches are ugly with the exception of my Rolex Datejust. Good video thanks.
Ive been dealing rolex watches for about 12 years, i knew the economic crash was gonna bring down prices on overpriced rolex, like the hulk or batman batgirl, pepsi, but it will never affect retail prices, and or preowned, on preowned it all depends on who needs the money, if someone spends 10k 12k on a preowned watch i doubt they will need to sell loosing 3k or 4k so preowned prices wont go down, rolex is a watch that holds value worldwide, so buy rolex with confidence just dont overpay retail that way you wont loose money
i was looking to buy a rolex when i came here. but now im just going to keep an eye on the market and maybe drop some more cash on etrade.. still looking for a new piece tho.
if I got 100k I wanna spend on watches what do u recommend? im just afraid u I won't get the best deal end of the day... wish there was a place that showed market prices.. I just don't want to buy a watch and then it not be legit or find a better deal a week later....I like PP, AP, and rolexs
@@LewisMa Here are list of 4 watches I have my eye on… anyway you could give me a deal/STEAL… steal meaning a price you would grab right away… for the pieces I named and I can go from there? Would mean a lot \ I follow crmjewelers , thats about it AP royal oak 41 black dial Rolex Hulk Rolex pepsi Rolex Daytona steel white dial
I have 1 breiting(14 year old) and 1 nice dresswatch (frederick konstanz) i like watches only i spend my money for my family ,afer nothing left for a nice watch
You want to find out if the prices are falling? The answer is simple - give an inquiry to the big grey market dealers how much they are going to offer on your Rolex. There is your answer. The truth only shows when money is leaving the person's pocket.
@@LewisMa That's only shops. You want to look into data from Trusted Dealers on Rolexforums first. By the time shops react, it's too late. It's butterfly effect, look for the small ripples first... Not the big ripples.
Aloha, I hope you are well and safe. Great content. I’ve been investing for over 25 years. I think the trend here is that a lot of people think watches are investments all of a sudden in the last three years. So as you will see as the stock market goes up in the last month. watches did the same. And as of today the market is taking two big day hits in a row. Then you’ll see watches go down again. That would be fine if watchers were true investments. But only time will tell.
Rolex is a relatively cheap watch . Most people buy one and keep it for life obviously some collectors obviously flip them. Firstly this crisis is not over. In the long term Rolex will produce the same amount of watches but demand will be down (due to flippers not taking risks ), I beleive demand of actual fans will be the same. So in the long term I think the watches will still be difficult to get but will defenetely drop in price. For Patek and other high end watches they are produced in small numbers so will not be as affected as Rolex.
From 3 procent unemployment rates to 8,5 procent in my country in just 2 months. Prices of Rolex will drop and I ain't buying nothing from them. Gold was what people should have bought while they had the chance.
Like I’ve gone back and forth with a few tubers and dealers. Yes it is softening a little but only on Rolex’s nobody wants otherwise prices are $4-7k over list. And some are worse. All the hot models are retarded high. I’ll wait or just buy something else.
Lewis Ma - Maximize Your Lifestyle on watch finder a new 1 yr old Batman was $19500. Doesn’t seem soft to me. Doesn’t take a math wiz or a graph to figure out. That’s 10k over list. Soft!!!! Lol
the deep deep economic impact is yet to take its toll, years not months to recover fully from this so I’m tipping Rolex prices will indeed fall and I will buy another. Hold tight, I can see sellers happy getting retail on some models just to raise cash at some point over the next 12 months.
If u are not buying stocks than go and buy a rolex sports model.. reason simple if all u are doing is to put money in the banks.. u will never catch up with the inflation of the good watch.. at least u can have a watch enjoy it and still sell it at a profit..
It’s still isn’t a thing now in the US, but already happened years ago for Europe and Japan. austrian economist have long predicted that ten years ago. Listen to peter schiff if u need some austrian perspective
Tons of people who give their opinions on price trends but almost none have a clue about economics. interest rates is the cost of money, a comprehensive analysis would take monetary policies into account.
Inflation won’t come anytime soon even with negative rates in the US. It’s all about money velocity (psychological variables/ reserve currency status/ geopolitics).
Jesus, buy the watch if you can from an AD. If you can buy a few from an AD then great. Buy what you love but and enjoy the hobby even if it’s a Swatch Sistem 51.
Lewis. Give it a little more time to simmer. Once reality to above average income earners(100K salesperson, etc.) the one time Rolex buyer for steel watches will disappear. Yes, there will be a few stragglers. You can see how many A.Ds are realigning there position to sell used time pieces and e-commerce sales. Go Ga. Tech. I will eat a V-dog with rings for you.
Everyone is both wrong and right with their predictions on the economy and the various asset class markets. This is a first for everyone, and I mean everyone.
Anyone connected to the watch industry will tell you that prices are still the same so they don’t loose money a bit like realestate agents will tell you buy now buy now prices will increase its all bullshit , luxury items are always the first to fall in any downturn there not a necessity
Luxury items- first to fall doesn't mean price. A Ferrari cost what a Ferrari cost. You won't find a new one for $50k. Same with a new rolex from an AD. Just because it's a recession, doesn't mean they are gonna sell them at fire prices. 2nd hand market is a different story because some people may need the liquid cash. Also, during recessions, normally the rich get richer. So there's that too.
I honestly think, the right brand with heritage like Rolls Royce, Rolex etc, may see a dip in sales but nothing more than that. Wealthy people are making boat loads of money right now.
Just my opinion
@@ltphilipg REALLY.???? Watch Barret Jackson car auctions. The Price of cars from recession to peak is unreal.
@@bgandjsco1 what are you saying
Wrong! You clearly don’t understand this game.
Give it time. The recession hasn’t really been felt yet by many.
Unfortunately I think you're right
"I don't give a shit about watch prices." 😂 Love the bluntness my man!
🤣👍
I like your channel. Straight forward and I know you invest a lot of time to learn the info to share with us. Definitely appreciate it!
Yes The videos take a lot of time, so I definitely appreciate comments like this, thanks so much!
@@LewisMa mos definitely. I'm working my way round final cut pro now. Been using iMovie for 3 years and had to upgrade. Keep up the great work bro! 👍🏾
@@BlackBirdieGolf let me know how you like it. I'm still using Filmora!
@@LewisMa Time consuming since its my first time using it. I bought a plug-in, followed the steps and its still not showing up in my editor. 3hrs already.
I did way more steps then needed. The plug-in works fine now! 👍🏾
I am wondering if the saying "flame brightens up right before they are fully extinguished...." applies to Rolex (and other FOMO-Hyped) prices...
Ahhhh well said! Let's see
Recently Rolex or possibly AD's hording inventory have dumped a lot of inventory on the market...people were starting to stray to other brands and the prices were softening so (personally I think it was Rolex corporate) started all of a sudden having plenty of "unobtainable" models available.
We will never truly know what corporate is doing they can manipulate everything
@@LewisMa I know right? The only thing that they admitted publicly was they had watches finishing the COSC certification after they shut the plant down but vague on when or if they would send that inventory out...but you know Rolex..they are tight lipped.
I think a lot depends on what happens when the AD’s open this month as most of them in the US are still closed or just starting to open. Will they receive the high demand models from Rolex? If so will that take away from the demand on the secondary market causing prices to fall? What will be the effect of all the unemployment on the watch market? They are suggesting depression level loss of jobs on the news. Are people going to sell their watches? What will be the effect of businesses like restaurants starting to open with restrictions on occupancy? Will they be able to survive? The next few months will tell a lot. No one really knows.
great points. many many variables
You have done a great job. Nothing wrong. Market is market and no one can predict exactly, even warren buffet. Keep up your good analysis. Thumb Up.
ty brotha appreciate the comment
As I always said; prices of sports models will keep going up and up (certainly longer term). Don’t sell and enjoy (if you can). These watches will get harder and harder to obtain.
Mi likey! I just bought my first luxury watch 114060 and it was a very emotional purchasing decision. I had just gotten a promotion during this time and as you said I have not been affected as much as people that were furloughed in my company. With that being said I hope I didn’t over pay as much and when the dust clears I am able to show profit if not break even for my next watch.
What's done is done! It was emotional and you enjoyed it! Plz dont second guess the purchase now prices are fluctuating. Remember it as an accomplishment
If you’re someone that prefers to buy brand new from an AD, I think this is a great opportunity to pick something up that may have otherwise been unattainable. I picked up my first Rolex last weekend as I was finally able to get the one I wanted, what an experience. Full gloves and mask, Lol! Pandemic Rolex buying from an AD got to love it! Reference 126622 with blue dial. Love it!
Congrats! Great time to follow up with ADs to make sure you're still on the list
You're right - it's only been a few months. Anyone laid off who made less than $30 an hour is being paid more to stay home on Unemployment. While the buyers may have reduced in number, the sellers are holding. They don't really "need" to sell..... YET.
That said, I fully expect Rolex to shut the factory for the next six months to a year, rather than have supply get anywhere near meeting demand.
AD's will run out of stock to even "bundle" to their "preferred customers".
I almost feel sorry for ADs.
Almost.
tx for the comment. I agree with you. Most sellers are holding, a couple are giving some good deals on non hype pieces. I tend to believe Rolex has a stockpile of SS Sports and they can release any time they want to. but who knows.
Hey great analysis again. I do give a sh*t about watch prices lol. I agree that watch prices have softened from the highs. That was to be expected but what allot of people that are in the market, or in my case in the watch business, did not expect was the prices to start to hold firm and even rebound a bit. With respect to the quality brands like Rolex or Patek they initially take a hit along with everything else but usually hit a floor and recover quicker. Been advising my clients to go ahead and pick up those pieces they’ve been wanting but were hesitant to buy because prices had risen so high so fast. Prices have fallen 20-30% off highs on some very desirable models which is a pretty decent drop. Think about it. 6 months ago if you were offered a Pepsi GMT for $17k it would have seemed like a fantastic deal. It’s all relative. My own recent buying experience I have seen allot of unleashed pent up demand. A large group of people overnight became buyers. The better deals are being snapped up in a kinda “watch” feeding frenzy. I’ve probably made 50 offers since early March. Not really lowball but a fair amount under the asking price and almost all were rejected but a few did accept, or we were able to come to an agreement. The smart secondary dealers have lowered prices just enough to entice people to buy, but they’re not going to lose money dumping in a panic. Other dealers are into their watches way too much so must hold firm and wait it out. They know this will all blow over in time. Yeah great time to get those pieces you’ve been eyeing ......like that Lange
wow GREAT point on overnight new buyers showing up. They were enticed and jumped on it. I didnt know u were a dealer. So that Lange is GORGEOUS, but a bit small. 310.025. The other option is the 410.025! :(
First time viewer. Nice video. I like how you responded to previous content. Also like how you rolled in a world / current / market / holistic perspective. Well done. Thanks.
Thanks for the kind words, and for taking the time to comment. what do you mean responded to previous content? You mean addressed my previous videos?
Lewis Ma - Maximize Your Lifestyle yep. That is it. The purpose of this video was to address analysis you made in a previous video/content. I think that is great. Overall the info you presented was good and comprehensive. I learned something. I subscribed to ur channel!
Nice to see some intelligent commentary based on facts and analysis instead of so much of the bloviating common on TH-cam. Good job! Two key factors: (1) people buying these types of watches are knowledge workers who have weathered the downturn better than most, and (2) watch prices (and most luxury goods) are correlated with the stock market, albeit imperfectly and with a lag. If the market sells off as in 2008, expect watch prices to go into a deep freeze.
Thanks so much and GREAT points. Especially Rolex buyers who I'm guessing EARNED their own money. Just a guess
Your videos make me realize that it is about the FACTS! Keep'em coming! Thanks!
Thanks for watching and I appreciate you taking the time to comment!
You also have to mention that a lot of jobs aren't going to come back. I agree that this is worse than 2008. I'll wait until August to get my sea dweller red 50th anniversary.
A lot of jobs are not coming back, it will be a different world moving forward I think
@@LewisMa yes unfortunately. Hope you and your family are safe👍🏾😷
I don't know if anyone else has brought this up (I'm not going through all 156 comments), but there's something else going on with these aspirational (want, but don't need) items during the pandemic: the YOLO factor. Same reason the classic car market (my other interest) hasn't crashed (yet). People are looking around and not waiting anymore for that luxury car/watch they've been waiting for their whole life. Life is too short, just do it.
Interesting! Ty
I'm sorry Lewis new to your channel but what do you not like about chrono24?
welcome to the channel brotha. in my "dealers denying" video i mentioned that chrono's "market Price" includes listing prices
@@LewisMa ok cool I'll check it out thanks
Good analysis Lewis, good job 👍
Some TH-camrs have been making fear mongering content about prices dropping trying to drive the price down on hyped models so they can take advantage of people who need to offload then they can buy low and cash in when the crisis ends and the markets begins to recover. It couldn't be more obvious and it's sad. Obviously prices will dip like all markets and goods and eventually things will recover to new levels... historically, that means even higher than they were before the event.
Well said. Did u see my last video?
@@LewisMa Yes... I just suscribes to your channel and I'm really enjoying it. Thanks for taking the time to make interesting evidence based content. Ciao
What is your opinion on Chrono24?
i dont like they try to inflate perception of price. check out my last video "dealers denying market" if you're interested. ty
Lewis i agree with you, prices will continue to decline. Rolex will eventually push more products into the market, while demand for luxury item won't recover fast enough..
I think so too. They will take care of their ADs. Going to make sure I'm still on the list 🤣
August already.
@@LuisFranciscoAguilar it is. What do u make of the market?
Lewis Ma - Maximize Your Lifestyle Prices, keep growing mate. If Rolex release a new sub, there might be a price decrease on current models, but just that.
Great video, always enjoy the content you provide!
Thank you, very much appreciated!
Much appreciated! Thank you for the comment
Appreciate your research and insights
Thx much and appreciate u taking the time to comment🙏
Everything you are saying makes sense man. I appreciate you siting the articles as I’ll check them out as well
Thanks so much for the comment
My Watch trading group recently traded 2017 full set 116500LN at $26000 Cad. List to sold in 3 days. 2018 Hulk $17700 Cad full set, in 1 week at $17500, 2019 Z blue at 10900Cad, sold at 10500 in 1 day
Thanks for the analysis. Love the references.
Thanks for watching and appreciate you taking the time to comment!
What would you buy to hold for minimum 5 years
1. Rolex Daytona 116519 (2010) whid gold, white dial. 17k
2. AP Royal Oak 26120.BA (2014) yellow gold white dial 19k
Neither has box or paper
Thank you
They say no collection is complete without a Daytona. Try to find one with box and papers if you can. Makes a big difference on something iconic like that in my opinion, esp if you're holding for a while
Lewis Ma - Maximize Your Lifestyle do you think Rolex is better to resell than AP ? I just always thought AP is like Ferrari . Rolex Mercedes, ap is different level
@@mk007. in general is a toss up. But I think Daytona will be easier to resell than that very unique AP. different if u were getting just a classic royal oak
@@LewisMa I have a beautiful collection and would never buy a Daytona I think they are ugly most Rolex watches are ugly with the exception of my Rolex Datejust. Good video thanks.
Keep doing what you do, I like it.
much appreciated, and ty for taking the time to comment
Ive been dealing rolex watches for about 12 years, i knew the economic crash was gonna bring down prices on overpriced rolex, like the hulk or batman batgirl, pepsi, but it will never affect retail prices, and or preowned, on preowned it all depends on who needs the money, if someone spends 10k 12k on a preowned watch i doubt they will need to sell loosing 3k or 4k so preowned prices wont go down, rolex is a watch that holds value worldwide, so buy rolex with confidence just dont overpay retail that way you wont loose money
Great advice 👍
i was looking to buy a rolex when i came here. but now im just going to keep an eye on the market and maybe drop some more cash on etrade.. still looking for a new piece tho.
I think we're in a phase where dealers are increasing prices and seeing what sells. hang tight.
if I got 100k I wanna spend on watches what do u recommend? im just afraid u I won't get the best deal end of the day... wish there was a place that showed market prices.. I just don't want to buy a watch and then it not be legit or find a better deal a week later....I like PP, AP, and rolexs
Decisions decisions
@@LewisMa Here are list of 4 watches I have my eye on… anyway you could give me a deal/STEAL… steal meaning a price you would grab right away… for the pieces I named and I can go from there? Would mean a lot
\
I follow crmjewelers , thats about it
AP royal oak 41 black dial
Rolex Hulk
Rolex pepsi
Rolex Daytona steel white dial
@@cryptojor1389 they had some great prices on the hulk, white daytona previosly. i think that hulk at $13k is a decent deal right now
i think is better waiting what happen in future, keep you money after you have plenty of time to spend
I hear you, but easier said than done! Especially with so many tempting deals 🤣
I have 1 breiting(14 year old) and 1 nice dresswatch (frederick konstanz) i like watches only i spend my money for my family ,afer nothing left for a nice watch
@@Rammstein1961 I think my next video will be watches: waste of money??
You are totally right - prices are falling (nothing wrong) not one is buying them anyway ... AP is different, you buying a piece of art
yep, agree. produced in small quantities
Good video man.
Awesome, thanks so much for the comment
You want to find out if the prices are falling? The answer is simple - give an inquiry to the big grey market dealers how much they are going to offer on your Rolex. There is your answer. The truth only shows when money is leaving the person's pocket.
The numbers are pretty transparent on watchcharts.com
@@LewisMa That's only shops. You want to look into data from Trusted Dealers on Rolexforums first. By the time shops react, it's too late. It's butterfly effect, look for the small ripples first... Not the big ripples.
@@Zeus-qr7ol watchcharts pulls from Rolex forums and eBay
@@LewisMa Oh, that's cool! Usually those types of sites don't pull from rolexforums. Awesome! Learned something new today, thank you! Stay safe. :)
@@Zeus-qr7ol check out my dealers denying market video if you're interested 👍
How come there isn't a watch brand called the GODOT?
if thats a joke i dont get it buddy
@@LewisMa waiting for Godot its a play all about time or lack of it.
Great video! Keep it up
Ty brotha appreciate the comment 👍
Great video again. Something different.
Aloha, I hope you are well and safe. Great content.
I’ve been investing for over 25 years.
I think the trend here is that a lot of people think watches are investments all of a sudden in the last three years. So as you will see as the stock market goes up in the last month. watches did the same. And as of today the market is taking two big day hits in a row. Then you’ll see watches go down again. That would be fine if watchers were true investments. But only time will tell.
Hello again, thanks for coming back. 100% agreed. By what you like not for investment!
Rolex is a relatively cheap watch . Most people buy one and keep it for life obviously some collectors obviously flip them. Firstly this crisis is not over. In the long term Rolex will produce the same amount of watches but demand will be down (due to flippers not taking risks ), I beleive demand of actual fans will be the same. So in the long term I think the watches will still be difficult to get but will defenetely drop in price. For Patek and other high end watches they are produced in small numbers so will not be as affected as Rolex.
Great points 👍
It will take time.
Yep
I'll be patient, if prices don't drop, oh well.
Ditto. If I get one great if not it's ok too
Insightful video .... full marks to you
Thanks so much, and appreciate you taking the time to comment
From 3 procent unemployment rates to 8,5 procent in my country in just 2 months. Prices of Rolex will drop and I ain't buying nothing from them. Gold was what people should have bought while they had the chance.
Where are you from?
Like I’ve gone back and forth with a few tubers and dealers. Yes it is softening a little but only on Rolex’s nobody wants otherwise prices are $4-7k over list. And some are worse. All the hot models are retarded high. I’ll wait or just buy something else.
Check out my last 2 videos it was softening on the Pepsi Batman and ceramic Daytona at one point
Lewis Ma - Maximize Your Lifestyle on watch finder a new 1 yr old Batman was $19500. Doesn’t seem soft to me. Doesn’t take a math wiz or a graph to figure out. That’s 10k over list. Soft!!!! Lol
@@vitoaugello1677 that's a crazy price. More like 13 right now. Miami
@@LewisMa ok what are the websites???? Ill check them out. I am in the market right now..thx
@@vitoaugello1677 watchcharts.com is a good one
Fast forward 8 months later the wealth got fatter, watch prices continue its climb you cannot get Rolex sport watches from an AD.
Wish I woulda stocked up!
Bear market rally will be short lived and Rolex prices will continue downward as the economic suffering will be protracted.
the deep deep economic impact is yet to take its toll, years not months to recover fully from this so I’m tipping Rolex prices will indeed fall and I will buy another. Hold tight, I can see sellers happy getting retail on some models just to raise cash at some point over the next 12 months.
I'm afraid you're right Jason. This is unprecedented
Batgirl holding at $13K..going to be patient.
@@jasonbrown1366 lol me too. I'll pull the trigger on a hulk at 12🤷🏻♂️
If u are not buying stocks than go and buy a rolex sports model.. reason simple if all u are doing is to put money in the banks.. u will never catch up with the inflation of the good watch.. at least u can have a watch enjoy it and still sell it at a profit..
Lol hold on wait a second. Some ppl want to wait out this time of HIGH VOLATILITY
I really agree with everything you have to say. I guess time will tell!
prep for the worst hope for the best! thx for leaving a comment
I like it!
Ty!
You didn’t consider monetary policy dude.. negative rates and trillions money printing.. simple as that
Negative rates wasn't a thing when I made the video. What do you think, inflation?
It’s still isn’t a thing now in the US, but already happened years ago for Europe and Japan. austrian economist have long predicted that ten years ago. Listen to peter schiff if u need some austrian perspective
Tons of people who give their opinions on price trends but almost none have a clue about economics. interest rates is the cost of money, a comprehensive analysis would take monetary policies into account.
Inflation won’t come anytime soon even with negative rates in the US. It’s all about money velocity (psychological variables/ reserve currency status/ geopolitics).
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Unfortunately No recession for ROLEX
Jesus, buy the watch if you can from an AD. If you can buy a few from an AD then great. Buy what you love but and enjoy the hobby even if it’s a Swatch Sistem 51.
Well said. Stay tuned for my next video today or tomorrow specifically about that
Lewis. Give it a little more time to simmer. Once reality to above average income earners(100K salesperson, etc.) the one time Rolex buyer for steel watches will disappear. Yes, there will be a few stragglers. You can see how many A.Ds are realigning there position to sell used time pieces and e-commerce sales. Go Ga. Tech. I will eat a V-dog with rings for you.
That's what I'm afraid of, more of an economic slowdown. Lol don't do it we should be MORE concerned about sanitation
@@LewisMa Yes it is worth it. What will you have, what will you have ………...
Everyone is both wrong and right with their predictions on the economy and the various asset class markets. This is a first for everyone, and I mean everyone.
Drop the cash on the Lange!
Lol isn't it GORGEOUS?!?
Rolex is so overrated
some might agree with you. some might disagree lol