I went to an AD a day ago and they had a huge stock of used Rolex. They only had display only models of new watches (except the two tone explorer I, that was for sale). The sales person took me to the used counter. I didn’t buy. I don’t do sloppy seconds, and there are too many fake Rolex watches for my comfort level. In addition I don’t want to feed the flipper beast.
@Mega-zi7ys
Жыл бұрын
Go to HK, sg and Japan they're soo common in small retail shops. Those KZitem hypers flippers should be so proud now they've led many innocent people to the slaughterhouse who bought the investment angle bs.
@christianhansen8230
Жыл бұрын
Would have been interesting to hear what you guess is based on. Personally i don't see any reasons for the market to stop falling by the end november.
@Bassingtons
Жыл бұрын
Dealers have way too much stock!
@Mega-zi7ys
Жыл бұрын
@@Bassingtons i think he's saying it's gonna fall some more. And not only dealers having too much inventories. Buyers who bought into the "investment" hype by KZitem Rolex gang will be trying to unlaod as well.
@Bassingtons
Жыл бұрын
@@Mega-zi7ys Yes that is what I am saying. Yes I agree with you, when you that those who bought doing the "investment" hype will unload too!
@mitchmitchell9588
Жыл бұрын
Missed this and other videos. Catching up on NYD. You have made at least one prescient call regarding the Rolex market. I don't think the after market for Rolex or any other luxury watches has bottomed out. My uneducated guess and sixth sense (which is completely unreliable) is that there is still some downward movement. Of course, this is only an issue for the dealers themselves and those trying to time the market for investment purposes. I fit into neither category as I buy watches to enjoy them.
@watchesandcoins.7738
Жыл бұрын
All the same here in America. Rolex 2nd hand stores here in Los Angeles, are having huge mark downs. Especially at Crown and Caliber.
@Bassingtons
Жыл бұрын
The bubble may not have truly burst, but it has certainly deflated!
@watchesandcoins.7738
Жыл бұрын
@@Bassingtons Correct.
@Bassingtons
Жыл бұрын
@@watchesandcoins.7738 Many thanks.
@alfieakaronaldog
Жыл бұрын
I think the bigger question is what comes after it Bottoming out? Where will it go from there? The only way is back up I guess? Are all you guys in the comments currently going to fill your boots? Which pieces are you going to get? I would only buy list so it’s all completely irrelevant to me.
@Bassingtons
Жыл бұрын
Yes, I would never pay over list for a watch! Well said.
@Mega-zi7ys
Жыл бұрын
Ahhh not me! Hahaha loving Omega now! Even at list no Rolex. Don't attack me ok??? You're mean to many but kinda cool to me on several channels here.. Hahaha Best regards
@alfieakaronaldog
Жыл бұрын
I really don’t care about grey market prices as I will only buy list. List will never bottom out IMO. Would you buy a DeepSea Challenge if you got the call?
@Bassingtons
Жыл бұрын
No I would not, I think it looks hideous!
@Mark..P
Жыл бұрын
You have called it correctly a number of times 👏 Do you have a tailors shop at all - I would be interested in visiting. Thanks
@Bassingtons
Жыл бұрын
Many thnaks. No, I work from home and visit all over the country.
@Mega-zi7ys
Жыл бұрын
Just subscribed! I very rarely do that. 👍 Check out display windows in hk, sg and jp..mom and pop shops have those so called rare models. And for locals they even offer installments! Ppl should have a wider perspective, it's a big world out there. Glad you're not like those hypers flippers posing as reviewers experts. 👍
@Bassingtons
Жыл бұрын
Thank you for your kind support.
@markedfortime
Жыл бұрын
The bottom of the market for Rolex will be around April of '23 and you will be able to buy them at a discount from AD's.
@alfieakaronaldog
Жыл бұрын
Dream on 😂
@Bassingtons
Жыл бұрын
I hope so!
@Bassingtons
Жыл бұрын
I hope so!
@alfieakaronaldog
Жыл бұрын
So Omega, Tag, and Gucci shop window banditos are all putting their prices up again, and you think cash rich, do what they like, no shareholders, Rolex are going to offer me the Batman I don’t think I will ever get, at a discount in 5 months time 😂😂😂😂😂😂😂😂
@markedfortime
Жыл бұрын
@Alfie AKA Ronaldog Rolex is not a public company. They all can raise their prices all they want. It doesn't mean they'll get it. They don't set prices, the buyer sets the price...always.
@nomanor7987
Жыл бұрын
No! The bottom has yet to come.
@Bassingtons
Жыл бұрын
Exactly!
@nomanor7987
Жыл бұрын
@@Bassingtons do you foresee the Pepsi on an oyster coming down to retail levels anytime soon?
@CoasterTurbo
Жыл бұрын
Rolex will raise the MSRP up to 3 times a year so good luck at waiting, just buy one when you feel it's affordable
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