What is up with watch prices?
What is up with watch prices?
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Dr. Seuss
Dr. Seuss
- JP Chestnut
- Posts: 17820
- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
I'm really getting priced out of this hobby. Even at retail, it would be hard for me to justify a modern Rolex. A GMT2 Pepsi is $10,900 plus sales tax. A two tone blue Sub is $15,600 plus sales tax. That's a lot of money.
Re: What is up with watch prices?
Everything is expensive, but it feels like used rolex prices have at least levelled for now.
Getting new rolex - especially ss models is still impossible
Getting new rolex - especially ss models is still impossible
Stan, don’t you know the first law of physics? Anything that’s fun costs at least eight dollars”
-- Eric Cartman
“To absent friends, lost loves, old gods, and the season of mists; and may each and every one of us always give the devil his due.”
― Neil Gaiman, The Sandman
I bought a cheap watch from a crazy man
Floating down canal
It doesn't use numbers or moving hands
It always just says now
Now you may be thinking that I was had
But this watch is never wrong
And If I have trouble the warranty said
Breathe In, Breathe Out, Move On
- Jimmy Buffett
-- Eric Cartman
“To absent friends, lost loves, old gods, and the season of mists; and may each and every one of us always give the devil his due.”
― Neil Gaiman, The Sandman
I bought a cheap watch from a crazy man
Floating down canal
It doesn't use numbers or moving hands
It always just says now
Now you may be thinking that I was had
But this watch is never wrong
And If I have trouble the warranty said
Breathe In, Breathe Out, Move On
- Jimmy Buffett
- JP Chestnut
- Posts: 17820
- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
I agree. I'm not sure if I'm just used to the prices now, the newer watches have increased in price to match, or prices have moderated a bit, but things that used to seem crazy overpriced (16610LV, five digit GMT2, etc) are just overpriced now. I've been eyeing the 40mm ceramic Sea Dweller and IIRC those used to be CRAZY EXPENSIVE and now they're hovering in that $10-$15k range.
The 36mm Day Date (5 digit or first gen 6 digit) is best deal in used Rolex right now. Some of those are almost reasonably priced.
Re: What is up with watch prices?
I've enjoyed this hobby for many years - but lately, it seems to have lost it's luster. I am not interested in precious metals, and trying out interesting new pieces to 'play with' has become prohibitive.
- Morethan1
- Frequent bumper of posts
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- Name: Alex
- Location: Montreal, Canada
Re: What is up with watch prices?
I'm finding a lot of cool pieces on AliExpress of all places. The prices are right, some might argue, you're getting a lot of quality vs price.
Still a lot of fun to be had, maybe not at the known brands anymore?
Still a lot of fun to be had, maybe not at the known brands anymore?
- JP Chestnut
- Posts: 17820
- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
Grand Seiko still has some great deals. I just saw a beautiful spring drive GS in perfect condition for sale for around $4500. It was this LE model:
Available new from Hoedinky for a still reasonable $6,600.
But the heart wants what the heart wants, and my heart wants one of these:
Re: What is up with watch prices?
Since I don't really F with 4 figure watches, this is merely entertainment for me.
Gotta (still) love cheap old seikos
Gotta (still) love cheap old seikos
Re: What is up with watch prices?
Stopped by the local Rolex AD this weekend. Every slot in the case filled, 50+ watches, all "exhibition" pieces. Was advised the wait is 3 years for anything, yet I know VIPs get watches there with little to no wait. Go figure.
- JP Chestnut
- Posts: 17820
- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
Even for a run of the mill Daydate? I miss the days you could get a NIB YG Sub off the forum dealers for $25K. The guys who earned back then, what I earn now, really had it good. I'm just thankful that I was able to get some nice five digit SS models when they were still just an expensive splurge rather than a hard to justify $15k proposition.
Re: What is up with watch prices?
They did have a "basic" DD, but still a 3 year wait, which I think is BS. I'm just glad the VIPs aren't interested in neo-vintage Rolex, they'd find a way to make that unaffordable too.JP Chestnut wrote: ↑Tue Jun 06, 2023 12:06 pmEven for a run of the mill Daydate? I miss the days you could get a NIB YG Sub off the forum dealers for $25K. The guys who earned back then, what I earn now, really had it good. I'm just thankful that I was able to get some nice five digit SS models when they were still just an expensive splurge rather than a hard to justify $15k proposition.
As for a DD, get a 18238 or 18038, easy to find and priced well too. I got a guy for those.
- JP Chestnut
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- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
While I think the five digit DDs are much better looking (I almost bought a perfect mint Tridor), I'm not sure that I want to deal with the hollow bracelet on a solid gold watch. The six digit models have the sleeves in the links, so much less scope for stretch.R@cerx wrote: ↑Tue Jun 06, 2023 12:12 pmThey did have a "basic" DD, but still a 3 year wait, which I think is BS. I'm just glad the VIPs aren't interested in neo-vintage Rolex, they'd find a way to make that unaffordable too.JP Chestnut wrote: ↑Tue Jun 06, 2023 12:06 pmEven for a run of the mill Daydate? I miss the days you could get a NIB YG Sub off the forum dealers for $25K. The guys who earned back then, what I earn now, really had it good. I'm just thankful that I was able to get some nice five digit SS models when they were still just an expensive splurge rather than a hard to justify $15k proposition.
As for a DD, get a 18238 or 18038, easy to find and priced well too. I got a guy for those.
- toxicavenger
- President Tranny
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- Name: HeadDIK
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Re: What is up with watch prices?
They have been stupid for a long time. Heck when I buying Rolex's the previous owners thought the prices were stupid then. Luckily I have no interest in the brand anymore.
Website: http://smallwhitestubbies.com/
What is up with watch prices?
I wish I could say that with conviction. My mind says I don’t need a Rolex for the money, but my soul wants one for stupid marketing reasons.toxicavenger wrote:They have been stupid for a long time. Heck when I buying Rolex's the previous owners thought the prices were stupid then. Luckily I have no interest in the brand anymore.
Isn’t my Opalene Monta a toe to toe contender with a white datejust? I think it is down on value vs a Rolex because it doesn’t have a crown and the Rolex marketing machine behind it so it keeps getting ground up into pulp.
I don’t know why I need to pay 4x for a watch just as sweet and similar quantity.
This is a crazy hobby!!!
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Dr. Seuss
Dr. Seuss
- Joeprez
- Wants to see pics of your wife
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- Name: Joe
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What is up with watch prices?
It sucks that I’ve wanted a Pepsi GMT since I saw one on my grandmother’s brother when I was a kid. Coolest thing ever, a watch with a red and blue circle around the dial
It sucks because, as Jacob said, I now have the money to get one, but want to get it for 2018 prices.
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It sucks because, as Jacob said, I now have the money to get one, but want to get it for 2018 prices.
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Omega / Tudor / Rolex / Sinn / Doxa / Seiko
Re: What is up with watch prices?
I just can't do it with most watches anymore. When a Sub retails for $10K, when in my head I know it's not worth that, I'm just out. I don't even think some of the better value pieces, such as Speedmasters, are worth anything close to current retail.
Re: What is up with watch prices?
Same here. I haven’t bought anything in three years but now it’s like a different world as it comes to pricing. I’m not excited about any at these crazy prices.
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- demer03
- Current Forecast: Vintage Doxa
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- Name: Mike
- Location: Lake Michigami
Re: What is up with watch prices?
$15,000 for a new “Bond” omega??? GTFOH.
Old Michigan steams like a young man's dreams
The islands and bays are for sportsmen
The islands and bays are for sportsmen
Re: What is up with watch prices?
Let me second that GTFOH.demer03 wrote:$15,000 for a new “Bond” omega??? GTFOH.
Many will register, few will last
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Re: What is up with watch prices?
I have fallen out with the likes of Omega and Rolex big time.
I have a couple of vintage / older Omegas, but I wouldn't play the "buy new" game.
There are many sweet pieces out there that aren't those brands. I am into more individualistic stuff these days anyway.
My contempt of late was accelerated by two things.
Rolex selling brand new pieces and not releasing paperwork with them etc. for a year. I don't care if that is stopped now... you can't stop a person selling something on that they rightfully own.
And Omega stopped servicing old pieces in Bienne. I had an old flightmaster 910 that was serviced there, when they did. This tactic was get you to invest in NEW pieces and sh*t on people who had their expensive pieces that were older.
Vile tactics, overpriced... on grossly overinflated overpriced lumps of metal that only serve to tell the time basically.
Greg.
I have a couple of vintage / older Omegas, but I wouldn't play the "buy new" game.
There are many sweet pieces out there that aren't those brands. I am into more individualistic stuff these days anyway.
My contempt of late was accelerated by two things.
Rolex selling brand new pieces and not releasing paperwork with them etc. for a year. I don't care if that is stopped now... you can't stop a person selling something on that they rightfully own.
And Omega stopped servicing old pieces in Bienne. I had an old flightmaster 910 that was serviced there, when they did. This tactic was get you to invest in NEW pieces and sh*t on people who had their expensive pieces that were older.
Vile tactics, overpriced... on grossly overinflated overpriced lumps of metal that only serve to tell the time basically.
Greg.
Last edited by BramleyGreg on Thu Jun 08, 2023 8:31 am, edited 1 time in total.
- toxicavenger
- President Tranny
- Posts: 48085
- Joined: Fri Mar 12, 2010 8:25 am
- Name: HeadDIK
- Location: Colorado Springs
Re: What is up with watch prices?
In my opinion I say yes. But marketing says no.
Website: http://smallwhitestubbies.com/
Re: What is up with watch prices?
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It is better to know how to learn than to know.
Dr. Seuss
Dr. Seuss
Re: What is up with watch prices?
Those comparisons are fun but in all honesty, I would take the topper halios collab over a white op. Look at this!
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¯\_(ツ)_/¯
Re: What is up with watch prices?
The 114300 will continue to appreciate in value, the Halios will not.
- JP Chestnut
- Posts: 17820
- Joined: Mon May 27, 2013 10:40 am
- Name: Jacob
- Location: Ithaca, NY USA
Re: What is up with watch prices?
And, based on my experience, I would expect the Rolex to keep time and be water tight without service 20 years from now. Rolex is expensive due to marketing. However, Rolex is also expensive because it's not "Swiss made" with parts from China and the durability is without peer.
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