Current State Of The Rolex Watch Market End 2023

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Mr. Khalil

Mr. Khalil

Күн бұрын

Пікірлер: 202
@A_Eichler
@A_Eichler 11 ай бұрын
David Khalil, the no nonsense watch / market channel. Great advice for ANY retailer! Please David, never loose your style.🙏
@MyVideosWillCalmU
@MyVideosWillCalmU 11 ай бұрын
David Thank you for this video, between you and Federico there is not a lot of honesty out there on these KZbin streets. Your honesty is always a pleasure 👊🏿
@modmod392
@modmod392 11 ай бұрын
Wise words from a time served professional. Thank you.
@larrysimon1
@larrysimon1 11 ай бұрын
David and Fredrico are the only people I can rely upon on YT to give me a sensible and accurate view of the watch market, IMHO.
@nathangreenwood5990
@nathangreenwood5990 10 ай бұрын
I think Rolex are holding off so much to boost Tudor sales and get the Tudor name out, once it is rather known / popular I think Rolex will “ open “ up more. Have a BB41 and GMT Tudor and both fantastic.
@Liztrusslover
@Liztrusslover 11 ай бұрын
You have to appreciate David’s honesty, not many out there say it like he does 👏🏻👏🏻👏🏻.
@martinszabo9228
@martinszabo9228 11 ай бұрын
This is true in all luxury markets... G wagons, Porsche etc... they just took orders all day.. now they have to sell off huge inventories
@TheBajamin
@TheBajamin 11 ай бұрын
I was in the market for a Porsche. The dealers wanted 60% over MSRP and then sold everything to flippers making the price 100-200% over msrp. It was insane. My money is just sitting in the market waiting for prices to plummet as lending continues to dry up.
@martinszabo9228
@martinszabo9228 11 ай бұрын
Thats the smart bet right now@@TheBajamin
@peakrider4886
@peakrider4886 11 ай бұрын
I think you’re missing out a crucially important customer group-the middle income earners. The ones that have mortgages, multiple car families, kids in teens or university age. Now paying high petrol and insurance costs, high energy bills, whose fixed mortgages at less than 1% now going to 5%. And the ones who would have been looking at their first Rolex or Omega, priced out of making that purchase because of rising cost and year on year prices going up by these brands.
@-mynameisnobody
@-mynameisnobody 10 ай бұрын
He did cover them, who do you think he was referring to not as buying now? Those living in council flats?
@johnkelly4304
@johnkelly4304 11 ай бұрын
Thank you David. I wish you did business in the States. You always make a great deal of sense.
@jameshawe
@jameshawe 11 ай бұрын
Well said David 90% of dealers got arrogant and like you said you got to work for the customer 👏🏻👏🏻
@BAF605
@BAF605 11 ай бұрын
I especially appreciated your comment about about those only buying "hot" watches not being the ones with true wealth. If your watch needs to give you a return you can't afford it.
@nearlyretired7005
@nearlyretired7005 11 ай бұрын
Very true.Only a fool buys watches to make money. There are far more lucrative ways to invest.
@-mynameisnobody
@-mynameisnobody 10 ай бұрын
@@nearlyretired7005only a fool would buy a mass-produced steel watch at a higher price than it’s retail value imo
@richardtan322
@richardtan322 11 ай бұрын
$100 watch or $100,000 watch, everyone gets 24 hours a day. No more, no less. Buy what you can afford, buy what you like. It’s better to have substance than style.
@mikelewis2456
@mikelewis2456 11 ай бұрын
David the no nonsense watch dealer👍
@ViolinistWilliam
@ViolinistWilliam 11 ай бұрын
Fantastic video and I always enjoy your content. I will say… there are still a lot of watches I’d like to buy for a certain price but their prices haven’t really fallen. Breitling pistachio chrono, Rolex 16610, Tudor polar chrono. Would like to see these drop more.
@jasonemanuel9070
@jasonemanuel9070 11 ай бұрын
So refreshing David,Merry Christmas,me old china!
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Thanks, Merry Christmas 🎉
@verynormalman
@verynormalman 11 ай бұрын
I have been to quite a few watch auctions. People have been dumping their collections, hoping to escape. About 12-15 months ago, the £ was in a bad way. Almost everything was knocked down to the internet. Recently the auctioneer rings the watch round the room, to get close to the lower estimate, hoping for 1 genuine bid. The number of "not sold" screens is shocking. The watch market went bat shit crazy. Now I don't think anyone knows where the support point is. This video reminds me of estate agents bragging that they are doing well, in a tough market. Then 3 months later, their shop is boarded up. I don't believe this man. I think his business is struggling.
@americanpaisareturns9051
@americanpaisareturns9051 11 ай бұрын
To quote my favorite Star War Hero. “Good, Anakin, Good.”
@BAF605
@BAF605 11 ай бұрын
Always remember that today's price is not tomorrow's price. Looking forward to 2024.
@steven8628
@steven8628 11 ай бұрын
2024 will be even worse. Just wait till the Anthony Farrer case is underway. A lot of these shady deal will be brought to light and less people will go grey now
@BAF605
@BAF605 11 ай бұрын
@@steven8628 The FIB will want a word with Deputy Droopy Eyes for sure. 😂😂
@own3d4u
@own3d4u 11 ай бұрын
I was offered under retail for my brand new sub no-date from Grey Market, and that's on consignment!
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Strange.
@velviaman3206
@velviaman3206 11 ай бұрын
On consignment is very risky IMHO.
@RoderickTom-ge1vc
@RoderickTom-ge1vc 11 ай бұрын
Watch market is down, inflation is up, economy is down. People don’t have money to buy luxury goods, only necessities. It’s the end for flippers and business owners will struggle to make money.
@PB2536
@PB2536 11 ай бұрын
Perfect summary David for QandA can you share your thoughts on the Sky Dweller steel blue dial ? Difficult to acquire this watch would really value your opinion on its features
@bobbydazzler1780
@bobbydazzler1780 11 ай бұрын
It’s interesting to have a look at the inflated prices on the Rolex CPO websites - no fall across the board there in recent times, all of their prices remain super high and totally ridiculous in my view. Maybe only Rolex can still afford to be unrealistic in a buyers market.
@garyguest1885
@garyguest1885 11 ай бұрын
More sense from someone who actually speaks the truth.. The one good thing to come out of this whole price fluctuation is that the person who wanted to buy a Rolex to wear like Hans Wilsdorf intended can actually do that now👍🏻
@johnantetomaso657
@johnantetomaso657 11 ай бұрын
We’ll done young man…you nailed it…there is no substitute for hard work…May you and your family have a wonderful Christmas and a blessed New Year .
@I_like_YT_lots
@I_like_YT_lots 11 ай бұрын
Hard work unfortunately doesn't work anymore.. you have to work much smarter as well. Being a bricklayer (very hard working profession) can't help you raise a family of 5 (you can 50 yrs ago) but now you need to own a bricklaying company to possibly raise 2 comfortably.
@johnmills4943
@johnmills4943 10 ай бұрын
Got to say it David, you tell it how it is. Other watch dealers should be as clear and open as you are. Keep it up.
@thepaulanewman5649
@thepaulanewman5649 11 ай бұрын
For the q&a - what’s your take on the iwc ingeneiur? Seems like it’s not picking up traction.
@baniconeocleous5837
@baniconeocleous5837 11 ай бұрын
Why are people no bothered about loosing £50 k on a car but cry about loosing £2 k on a watch that you can keep for life.
@jml9550
@jml9550 10 ай бұрын
Because everyone think Rolex are “investment”, buy it today and it appreciates tomorrow by 20%. Good luck with that.
@keesketsers5866
@keesketsers5866 10 ай бұрын
Exactly what I always say. Makes no sense.
@bobbyloads
@bobbyloads 11 ай бұрын
You hit the nail on the head. A lot of dealers got use to easy sales took it for granted instead of making relationships during the high point they took the profits instead. I see the difference in the groups I’m in now tone has changed.
@antoniostodomingo276
@antoniostodomingo276 11 ай бұрын
Worth it to buy a 126519ln for 48000usd on grey or just wait?
@resultuk9700
@resultuk9700 11 ай бұрын
Agree with all David, Respect...
@SK-ej5lg
@SK-ej5lg 11 ай бұрын
Hi David, there are two Rolex’s that I’ve acquired from my AD in the past year - OP41 celebrations dial and the mammoth deep sea challenge. I absolutely love both of them. Would be grateful if you can make a video on both watches commenting both on value retention and in general what you think of them. Many thanks for your wonderful videos 👍
@truxton1000
@truxton1000 11 ай бұрын
Hmm Well, I sell watches at fairs and have actually sold as much the last 6 months as I did 2-3 years ago. But of course, I never had any stock of the newer models of Rolex, I concentrate on vintage, with some newer watches but generally much cheaper than Rolex.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Amazing. Glad you are doing well. We also stock more vintage that modern so the effect hasn’t been as bad on us. The majority of our modern watches are also non hype models so it does help a lot.
@LION_and_the_LAMB
@LION_and_the_LAMB 11 ай бұрын
Like them or not, Tugger Tony and Roman Shart really effected popular opinion on watch brands. Would Vachero have released there attempt at a hype piece if not for the popularity of their YT channels?
@miamijames
@miamijames 11 ай бұрын
How about the dealers pumping rms.
@speedypete64
@speedypete64 11 ай бұрын
Excellent video and assessment of things. Thank you!
@normalguy4
@normalguy4 11 ай бұрын
Hey David, For this week's Q&A, I'd love your thoughts on a slightly different take on luxury watches. Let's say someone wants a timepiece that subtly but undeniably conveys their success, a watch that speaks volumes without needing a single word. Budget is $10,000 to $100,000. What are your top 10 picks for watches that exude that "I made it" vibe?
@GM-ii8gs
@GM-ii8gs 11 ай бұрын
In the UK half a million homes come off a cheap fixed price mortgage this Christmas, and 1.7 million homes will have expiring fixed price mortgages in 2024, there will be even less disposable income around next year, expect things to get worse before it gets better, I predict watch prices will drop further in the UK.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Very possible. 2024 will be an odd one. I wish everyone the best and hope people do manage to maintain their living.
@disgruntledoflondon
@disgruntledoflondon 11 ай бұрын
While the housing market looks a bit bleak, it's worth remembering that there are always opportunities. Collectors will want to free up cash, which means more watches in the market. The prices will adjust accordingly. Those with money and a desire for horology will buy them. Not everyone has large mortgages and not everyone wanted to buy during a hyped market. Now the market is settling we will probably see those people stepping back into the market place.
@GM-ii8gs
@GM-ii8gs 11 ай бұрын
@@disgruntledoflondon Yes that has been happening since the summer, if someone seriously wants a 15k+ watch and they have the opportunity for getting it for now 10% to 20% above list on the grey those are the deals which are happening now. But true collectors are a relatively small part of the mass market, remembering most people only have one watch, and this might be say a Rolex which they have worked and saved towards and bought to celebrate a life event, those are the ones which will either defer purchase or buy a lower brand when times are tough tough. Yep I don't have a mortgage, and my business is doing extremely well off the downturn, so I'm looking to buy more assets and toys on the dip. But taking soundings across the sectors we work in I think we are still a long way off the dip - Q3Q4 2024, the people who have come into watches in the last few years have often overreached themselves either on cheap money or pandemic savings and considering the number of middle management job cuts that are happening across the UK but is going relatively undocumented in the mass media, there's a general sense of pessimism for high ticket spending when prioritizing should be towards bills, just look what's happen in the new and used car sectors, premium, luxury and electric dropping like a stone, small old city cars up. Let's not forgot with the figures which have come out this week, the last quarter was negative growth, if we get another negative quarter we're in a recession. The number of watches being offered on international watch sites has nearly doubled since March 22 as people have been releasing stock, the grey dealers I know are complaining about stock not moving, so it's not just investing in stock in a falling market they don't want to have cash tied up in static stock.
@TheChadWork2001
@TheChadWork2001 11 ай бұрын
Rolex is alienating their potential customers with their fake scarcity. Welcome Grand Seiko.
@wifine1951
@wifine1951 10 ай бұрын
I’m gonna buy an omega. Bought a Rolex datejust on the grey market.
@sdcoinshooter
@sdcoinshooter 10 ай бұрын
I think you are right, so many customers are frustrated trying to get a model over the last few years.
@InTheVaultss
@InTheVaultss 10 ай бұрын
No true… people gonna buy what they want regardless of price
@chipmacgill
@chipmacgill 9 ай бұрын
@DPhoenixPoetthey buy GS, because you can get them at 40% off at dealers. Good watch, but, you can get them everywhere. Same with Omeeeega.
@MarkSmith-pd6fk
@MarkSmith-pd6fk 11 ай бұрын
Good that David is promoting diversity in his stock but the world needs more steel Subs...
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
😂😂😂
@stevenbird1431
@stevenbird1431 11 ай бұрын
Great video David, very Honest as usual! Keep up the great work👍
@Ilikeavocados822
@Ilikeavocados822 11 ай бұрын
THANK YOU THANK YOU THANK YOU. I HAVE SENT THIS VIDEO TO EVERYONE I KNOW WHO IS INTO WATCHES. THIS IS SPOT ON. IVE BEEN SAYING THIS FOR THE PAST 60 DAYS. IF I AM EVER IN THE UK I WILL STOP BY AND SAY HELLO.
@Akj6zmdteuxze
@Akj6zmdteuxze 11 ай бұрын
I will never forget this guy. At the point when this market turned, he was trying to hype things up saying he is still buying and he doesn’t believe the market trend will change . He could be taking facts now but he was for sure wrong then . I can put a link to that video if u guys want 😂
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
No need to put a link. My videos are still easily found. Are you blaming me for believing in what I Do? Ofcourse I can get something wrong. I'm not going to cry about it. I adapt and move on. Yes I made a prediction that came out to be wrong. I don't see anything wrong with that. It's called a prediction. But thanks for pointing fingers, really appreciate the support. I still believe if what I do and believe that better days will come. The main question is when? Until then it's a buyers market.
@Fb1907kysf
@Fb1907kysf 11 ай бұрын
I also remember this video so clearly that David was strongly asserting market would never crash lol
@arthurkhee6254
@arthurkhee6254 11 ай бұрын
Hi David, Do you know why Ebel went from being a sought after watch brand in the early 90's , to practically being unknown of in this day and age? What's your opinion on the brand? Do you think that some of their vintage watches are now underrated for what they are selling for? Can you ever see them back in demand. Thank you Ex customer of yours, & Ebel watch owner
@ellmoreable
@ellmoreable 11 ай бұрын
Thank you for your honesty, It certainly does not go unnoticed
@damienmoulton9797
@damienmoulton9797 11 ай бұрын
It's refreshing to see a man with scruples in The Watch Business. I wish you well. Congrats and Cheers.
@gustavoheberle6265
@gustavoheberle6265 11 ай бұрын
This happened into every profession ! Who have to work harder to get the same money as yesterday !
@esperoutdoors9421
@esperoutdoors9421 11 ай бұрын
great vid. really liking this honest content a couple of questions that come to mind. 1) do you still have your daytona or did you sell it and make/loose money? 2) what are your thoughts on the harrods tudor being availble to buy directly from harrods
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Thanks. I did sell my rose Daytona if that’s the one your asking about. I made a profit on it. Regarding the Harrods Tudor, I still like it and I still like the fact that it’s only sold in one store. I guess if it’s easily available then it doesn’t help the value of it but I still think it’s a cool watch and like the color combination.
@ay8987
@ay8987 11 ай бұрын
Lose not Loose
@BumblebumBear
@BumblebumBear 11 ай бұрын
David, Paul Thorpe and Fredrico are the only people I can rely upon on YT to give me a sensible and accurate view of the watch market, IMO.
@classlessbozo317
@classlessbozo317 11 ай бұрын
Paul Thorpe… good grief
@russellis6993
@russellis6993 11 ай бұрын
There shouldn’t even be talk of a watch market .. they are not an investment class. Never have been and never will be. There was hype during Covid where everything went up. This doesn’t mean it’s a market. They are just luxury goods that cost far more than they are worth and will all lose money except for a choice few. Give it up already and just buy what you like and wear it …
@I_like_YT_lots
@I_like_YT_lots 11 ай бұрын
@@classlessbozo317 I hope no one had went and even paid to go to the London watch fair. The website was so misleading with brand logos everywhere tricky people thinking brands like Rolex has a booth there. I actually DM the organisation and they told me you should see a dealer selling Rolex there. TBH is misleading marketing.
@I_like_YT_lots
@I_like_YT_lots 11 ай бұрын
@@russellis6993 watch collector for 30 yrs here. I qualify as an "investment" when back then you buy a Sub brand new, wear it for 10 yrs + (look after it), you will get your money back or make some money when you sell it (so you worn it for free), not those 5 to 10x return in the last 10 yrs due to the low interest rates we had been seeing due to GFC
@terrybeach2032
@terrybeach2032 11 ай бұрын
lol. Several others have commented using the same words. Bots.
@bcarr1752
@bcarr1752 11 ай бұрын
I appreciate the honest opinion
@edjustice7755
@edjustice7755 11 ай бұрын
Word - thx D. for being honest with the truth that no one wants to hear esp those contrary to your biz. U hit it on the head that others want to say it's normal, cuz they r as you said resting on their laurels and don't want to work for it. Thx again!
@LongFinger021
@LongFinger021 11 ай бұрын
I was just on your website. Just a suggestion that you have a filter for the models. I want to look at daytonas you have for sale and dont want to trawl through all the other models. BQ watches have a system like this.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Note taken thank you. Currently if you press on Rolex in the main menu, you will have a drop down of models. You can also use the search but thanks for the suggestion, I’ll forward it on 👍
@LongFinger021
@LongFinger021 11 ай бұрын
​@watchcollectorsuk yes you are right it's an arrow I missed. Maybe put it in the filter section
@karlhenfrey3281
@karlhenfrey3281 11 ай бұрын
I love your honesty. Thank you David. Keep up the amazing content. And bring back your watch reviews. 😊lol
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Thanks. Will be doing more reviews. Just my friend that used to do the videos with me ended up leaving due to the birth of his 1st baby so I ended up not posting for a while. Now I have my other colleague helping me so I’m on a roll again 👍
@davidbrown9947
@davidbrown9947 11 ай бұрын
Truth, this , in the main. Well done
@peterarifin6525
@peterarifin6525 11 ай бұрын
yes, Khalil is good and I will see him in London if I am over there to buy watches
@vforvictor7575
@vforvictor7575 11 ай бұрын
Hi David, what's your opinion on the goings on with some grey market dealers do you think they have bastardized the grey market and put the trust your business needs so much at jeopardy cheers
@rootedrotor525
@rootedrotor525 11 ай бұрын
I just want an Explorer 40mm at retail. I'm seeing them 2nd hand for $9k!! What am I missing here.
@jeffraine2856
@jeffraine2856 11 ай бұрын
Superb, sensible content, the lazy will struggle and those with a work ethic will survive
@hannahporter9698
@hannahporter9698 11 ай бұрын
Brilliant David!!!!
@rk702
@rk702 11 ай бұрын
AD's and secondary market dealers are now stuck with for the most part "Real" watch enthusiasts and not opportunists just looking to flip watches for quick profit. I am happy the market has taken this down turn, for me it's an upturn.
@mikefleissner4415
@mikefleissner4415 11 ай бұрын
Thankyou
@sarahjarvis6433
@sarahjarvis6433 11 ай бұрын
Well said.
@masterwatch
@masterwatch 11 ай бұрын
Good video.
@delia93010
@delia93010 11 ай бұрын
you forgot the most important thing ppl dont have any more money
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Sadly that’s true, many don’t have a lot of money but also many make a lot of money out of recession.
@delia93010
@delia93010 11 ай бұрын
yes im one of them but 75% of ppl that was baying watches are out of the market now and at list for the next year or 2 and thats why watch will continue to go down@@Mr.Khalil08
@kayless32
@kayless32 11 ай бұрын
Finally we will be able to buy Rolex. It is normal that the watches go down, the crypto and stock market is accumulating before a bull run. Then people will buy watches and cars again hehe
@hatchegg80
@hatchegg80 10 ай бұрын
too many fools and tourists chasing rolex hype models
@ay8987
@ay8987 11 ай бұрын
What kind of accent do you have David? It sounds like Arabic and Northern combined.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Middle East but came to the UK very young so my accent is mixed up 😂
@siddharthanarayan2739
@siddharthanarayan2739 11 ай бұрын
All this analysis is very good but if you go to a Rolex dealer He will tell you 2 things 1. We don't have this one in stock and hence please wait 2. We don't offer any discounts since we have a waiting list. Hence, pay the full value to us Whether in the short term you loose or gain on your purchase is purely your luck. Rolex has made it's profit and sold it's product at a premium and burnt a hole in your bank
@petemorbius3936
@petemorbius3936 11 ай бұрын
well said
@martinboulden4388
@martinboulden4388 11 ай бұрын
Great content David.
@donjuanmurphy5180
@donjuanmurphy5180 11 ай бұрын
How about why factory set is preferred? And if there is any technical differences in the setting of the precious stones? Thats always made me wonder...love your channel 🤘🏾💯🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Amazing question, I’ll definitely include this question in next weeks video. There is a huge difference in quality of the stones used, precision of the setting and how the stones are matched. I’m very excited to put this into a video next week. 👍
@HS-ed3dz
@HS-ed3dz 10 ай бұрын
Awful video. It was just Khalil repeating that you have to work harder to earn your money over and over again.
@TheWorsey
@TheWorsey 10 ай бұрын
You will never ever lose value on a Daytona when you get it for retail.
@jml9550
@jml9550 10 ай бұрын
Yep. The thing is how do you get a new Daytona from the AD at retail without buying anything else….i bought me 116520 many many years ago, it was an easy transaction. No game, no wait…,but now it is a game just to buy an Explorer II Polar.
@stanlob1223
@stanlob1223 11 ай бұрын
Tnanks for fear review
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
👍
@kaalalong8967
@kaalalong8967 10 ай бұрын
The first thing is to not treat your customer like beggars, begging to spend $10,000. I was told I have to get a credit check to see if I’m worthy to buy a Rolex. They said I still have to have a credit check even if I pay cash for God sake it’s just a watch you think it’s the cure for cancer.
@baniconeocleous5837
@baniconeocleous5837 11 ай бұрын
Basically we are back in the real world, before the watch market was a dreamworld.
@RockerfellerRothchild1776
@RockerfellerRothchild1776 10 ай бұрын
invicta and Aragon doing well...go figure
@Timjacks01
@Timjacks01 11 ай бұрын
Always a great watch (pun intended)
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
😂
@cyberlip666
@cyberlip666 11 ай бұрын
easy on the hand gestures there cowboy 😂
@o0MadHouse0o
@o0MadHouse0o 11 ай бұрын
2024 will see a continuation of prices dropping. Mark my words. We are nowhere near the bottom.
@Alexpress81
@Alexpress81 11 ай бұрын
I got 2 different AD offers in one day. Definetly things have changed
@jml9550
@jml9550 10 ай бұрын
Which models though?
@BUMHEAD1100
@BUMHEAD1100 11 ай бұрын
Who could have predicted such a thing ? Oh anyone with eyes, a brain and an understanding basic macro and the cost of funding.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
I guess many of us didn’t have that basic understanding 3 years ago.
@BUMHEAD1100
@BUMHEAD1100 11 ай бұрын
@@Mr.Khalil08 oh dear - you really really don’t get this do you ?
@nikolajovicic174
@nikolajovicic174 11 ай бұрын
It's completely pointless to go to the Rolex AD at this point since you will never get a popular reference like the Daytona, Pepsi or Batman and everything else is already bellow retail on the grey market. The Rolex ADs are catching the last lollypop suckers and window lickers to sell them that two tone 31mm datejust with diamond dial at a retail price. While in reality, you can find 75 Rolex references at bellow retail price on the grey market. The watch market is dead!
@coffeeboyclips1973
@coffeeboyclips1973 11 ай бұрын
I would never buy a Rolex over retail
@MrNoBody_b
@MrNoBody_b 11 ай бұрын
Must be strange for grey dealers having to work 😢
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Not strange at all. Been doing this for a long time. Only had easy money through the last 2 years everything else was hard work and it’s hard work again. We say easy money but not really. If we didn’t work hard before then we wouldn’t have had stock to sell through the so called easy period. Hard work pays off, some times quick and sometimes takes a while.
@RocketDog73
@RocketDog73 11 ай бұрын
David = #therealhonestwatchdealer 😂
@lozada1971
@lozada1971 11 ай бұрын
Same thing with the car market. The walk in market is over, time to earn that sale for real. I don’t feel sorry for neither the watch nor the car market.
@tondo6912
@tondo6912 11 ай бұрын
Back to normality. Like all bull markets people get lazy and lack discipline
@velviaman3206
@velviaman3206 11 ай бұрын
Auction houses charging 34.9% commission to the buyers is greedy. I refuse to pay that, 25 % was normal pre covid. I used to buy from Europe but Brexit has killed that so , regrettably ,I no longer spend my disposable income on watches.
@sarahjarvis6433
@sarahjarvis6433 11 ай бұрын
I think that all the bad publicity the secondary market has suffered on social media and video channels has not helped either. Ex or non watch dealers emphasising theft, fraud and basic dodgy dealing do not leave a good taste in most people’s mouths.
@JohnBowman-ut4dz
@JohnBowman-ut4dz 11 ай бұрын
Still can't get a watch out of Rolex ad s even offering to buy very expensive watches and being on wait list for 18months.
@BobbyDazzler888
@BobbyDazzler888 11 ай бұрын
Takes time to trickle down
@nearlyretired7005
@nearlyretired7005 11 ай бұрын
Don't buy a Rolex then!
@londonman8688
@londonman8688 11 ай бұрын
you sold the 5135 pretty quickly
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
Sold today to a really good guy 👍 amazing watch gone to someone who will enjoy it to the fullest 🙏👍
@stockholmpublishings2937
@stockholmpublishings2937 11 ай бұрын
Remember "SHOW me the DIP!?"
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
I think the whole world has dipped not just watches right? I couldn’t have really seen the major wars that popped up last year coming, could I? Over all look at watch prices. Are they not a lot higher than what they were 10 years ago? 20 years ago? 30 years ago? So I would still consider watches to be a strong asset class. It’s just during this recent boom, prices went up too fast then wars came along. Definitely an experience to learn from.
@stockholmpublishings2937
@stockholmpublishings2937 11 ай бұрын
@@Mr.Khalil08 that's not the point, when many were critiquing the watch prices you stood high and all mighty at the top and in every video you said "show me the dip", well the dip got shown and many got rekt. Nothing personal, just facts. Like you said, like everything, watch prices went up too fast in price and you're still young.
@nearlyretired7005
@nearlyretired7005 11 ай бұрын
I don't really care about Rolex watches,although I do like some of them. Watches for people who don't know anything about watches,just status symbols! £50,000 on a watch! I would put that in stocks and shares,and property,or gold,bonds etc. I have done this and buy my cars and watches from my profits from my investments,to preserve my capital. I tend to buy Limited edition watches which have increased in value. I don't particularly like the Daytona. There are some beautiful watches out there that are not Rolex!
@keesketsers5866
@keesketsers5866 10 ай бұрын
So you put your money in stocks, and then go ahead and buy a car with the profits (the most depreciable asset you can buy). What is the difference of just buying the watch you want, even if it depreciates? You are only thinking about watches as an investment. Also, if you disregard Rolex as a watch brand, you obviously know little about watches. Watches wouldn't look like or be like they are now without Rolex.
@TheBajamin
@TheBajamin 11 ай бұрын
The fact is most watches are still over retail. But retail can’t sell shit. So why would I buy a used watch over retail? I also don’t like the AD games so I won’t buy from them. Either direct from manufacturer or I can wait.
@J-SH06
@J-SH06 11 ай бұрын
Hi David, just brought my wife and son to London for Christmas. Would love to take a look at the shop.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
You are welcome anytime. Today I might not be in myself due to family matters but tomorrow I’m onwards I’m definitely in. Shop is of course open as usual.
@J-SH06
@J-SH06 11 ай бұрын
@@Mr.Khalil08 Great. I’m in London for about a month, but I’ll stop by and say hello sometime next week. 👍🏻
@Sophie333C
@Sophie333C 11 ай бұрын
I know the Rolex watch market is dead, I’ve managed to buy 3 Rolex’s from 2 ADs, without any history of spending with those ADs!….i could of bought a fourth watch, but I declined it as it was bi metal!
@SILKY_999
@SILKY_999 11 ай бұрын
Which 3 models did you buy ?
@Sophie333C
@Sophie333C 11 ай бұрын
@@SILKY_999 2 Wimbledon 41 in blue and grey, and a 36 in grey.
@Sophie333C
@Sophie333C 11 ай бұрын
@@SILKY_999 also, my brother has just been offered a white gold Daytona on rubber strap.
@keesketsers5866
@keesketsers5866 10 ай бұрын
@@Sophie333C : well, yeah....datejusts. They were always available. Try that with a GMT. Nothing against the DJ, I own one myself (36 black dial 3235 with jubilee) and love it.
@JakeLutka
@JakeLutka 9 ай бұрын
Love Omega! Always get treated well, and a lot better then Rolex. You walk into omega they greet you offer you drinks ect. Teach you about the history of omega what watches have come into the market as of late ect Rolex you walk in nobody even looks at you! You have to go to them and when you ask about a watch they laugh I used to be a big fan of Rolex but every since the market exploded I honestly can’t stand them
@vktravellog1242
@vktravellog1242 11 ай бұрын
Rolex 😂😂😂😂😂😂. I called this about 9 months ago! Next year will be worst!
@soundssimple1
@soundssimple1 11 ай бұрын
This video is more of a general comment on the market if you are a watch trader. Comments and advice all about where the dealer market is. I understand you placing ROLEX in the headline to get clicks, but really disappointed as there was nothing on the specific Rolex brand / range / availability / price trends etc as the header teased. You know your business but this was just click bate. Very misleading.
@Mr.Khalil08
@Mr.Khalil08 11 ай бұрын
I’ll try give a full break down soon.
@robynsjp
@robynsjp 11 ай бұрын
Bought a 1963 piece in February. At an expensive price, but the condition of the piece was exceptional. Unlikely to see another one like that show up anytime soon. I think hunters for these pieces are out there and will pay what it takes.
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