Dealers or Stealers? Enough speculation! Here's the hard truth about the future of Rolex values.

Across the entire spectrum of the watch community from collectors to grey dealers, from investors to enthusiasts, there is one thing in common that we all seem to have our own opinion on and that concerns where secondary market prices lie for Rolex watches but more specifically, following 18 months of market volatility, we've all got our own idea on where they may end up.
Every youtube video exploring the Rolex brand has a comments section dominated by those fortune tellers with their crystal balls predicting the market will fall further, apocalyptic soothsayers foretelling of an impending Armageddon where we will see grey market values for all hype Rolex fall below retail and those more frequent conservative estimates believing that the correction will end once prices fall to that of the days of pre hype.
In other words, back to 2016/2017 levels before we started to witness exponential appreciation of prices on a quarterly basis. I think its time that we assess where grey values lied in relation to their retail prices pre the hype days and compare with the landscape as it stands today,
....are we already there? Or will values fall further? So lets answer the question, Rolex secondary market prices, how low will they go?....
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[@leeharding8306]

Great video but I think prices will tumble further because of a few reasons. The retail price on many brands is now too high and people are just thinking it’s all got a bit silly and they aren’t buying and if anything they are selling off some pieces. Secondly the belief you will make a profit or get your money back is fading away. Thirdly the cost of living and the fear of watch crime has stifled demand to buy and wear high end pieces. Lastly the Rolex brand has lost its appeal with the wealthy as it’s been adopted by basically chav’s with money or people pretending to be wealthy.

[@geno816]

I agree with this. Also less people are buying because there is less cheap money available, student loan payment will begin again (in America), inflation is hurting even the upper middle class. And recession fears are increasing. People are getting tighter with their money.

[@WellAye]

I’d go a step further. People have lost confidence. Especially with grey market dealers and their colluding with other stores to set prices.

[@manuel_winde]

Well said, I think the rrp rise has taken the bubble out of the grey market a bit- they’ve sort of come up to meet the crazy prices a bit and we will be a bit like we were 10-20 years back where most Rolex models can be gotten at rrp or slightly below, but the days of second hand 10 year old watches with shit bracelets and average movements going for more than new updates ones is over. A lot of people made a lot of money out of nonsense things like crypto and NFTs and thought they were very clever, they spent the money as quick as they got it and now most of them are realising they weren’t super talented and are struggling for work 😂 The old money people and collectors have moved on a bit to other brands as they don’t want to be a target for thieves whilst looking like a footballer/drug dealer/Instagram wanker/grime artist. The watch market won’t die but the stupidity has ended.

[@watchwarrior8597]

Vinny, I think you are 100% correct . Greymarket dealers are panicking right now with how far the prices have fallen but it’s their own fault for bumping up prices through the roof in the first place . This correction is actually good for those of us who are collectors and keep our watches .

[@androidaccount7743]

Would enjoy watching scumbsg grey dealers and flippers makes losses.

[@watchwarrior8597]

@@androidaccount7743 it’s not enjoy ,it’s watching how much this whole thing got way out of hand. People were paying 20k for an OP 41 with a light blue dial when the watch only cost 6k . Daytona panda at the time was 14k selling for 40k and a 9.9k Pepsi for 30k. That is greed and not business, that is taking advantage of the situation and now look at the outcome , robbery and even people getting hurt because they own a Rolex, that wasn’t that way before it started when the Greymarket starting inflating the prices in some cases by 300%. So yes I want to see the pieces come down back to earth and that could stop the violence and watch crime. Senseless to hurt or kill someone for their watch and it’s perceived value .

[@androidaccount7743]

@@watchwarrior8597 I mean I would enjoy watching them make losses.

[@horawatching]

Such a lovely person

[@androidaccount7743]

@@horawatching Here comes the grey dealing scumbag.

[@hillarybriggs2561]

It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

[@georgeearling905]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

[@bernardlynch5226]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@mathijswouter3301]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently

[@rodgertim2881]

Wow, that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio

[@buhlerfabii2784]

I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?

[@JLim3111]

The supply of Rolex watches seems to be getting better and better. Secondary market is moving like a snail. Many dealers are trying whatever tricks to portray the opposite, so don’t be fooled. Most watches will eventually fall to or below retail. Edit : Great video Vinny! Thank you for the content!

[@vinnyfrancis]

Not far wrong in this assessment, thanks for watching and commenting

[@davidbrown9947]

^ exactly this. I got the call for a Yachtmaster ever rose gold on an Oyster Flex a week ago. It is for my personal collection, I changed banks, the cards , account number didn't arrive . As I have a relationship, they extended my time for collection for a week. I still don't have the cards, and they advised they would have to release it to another WoS store. Received call today advising they can hold it for another 14 days. If Wos cant sell £25k watches in a few days, what chance have the bricks and mortar grey market dealers have at shifting watches at a 30% premium?? Discuss

[@CartierCrash]

Right now all the grey dealers who have bought high are finding out they’re bad business men. They are holding onto their stock and refusing to reduce prices whilst the prices drop. Eventually there will be a a domino effect and they will all fall in sequence

[@davidbrown9947]

^ perfectly put.

[@vinnyfrancis]

Just look at The timepiece gentleman, terrible business acumen, you’re not far wrong. Being a salesman and being a businessman are very different

[@followyourpassion8378]

They have been holding on for quite some time now. Are they really believing the watch market will bounce back? Just look at the (real world) economic outlook (e.g. industry order entry).

[@streetmoney21]

Nobody is talking about the leverage these resellers are using to take up all the inventory. They have to service that debt and pay their overhead so the longer you hold off on overpaying for a watch the lower prices will have to fall. Rent is always due at the first of the month. I totally agree Rolex and other watches brands have completely lost control over their watches and it’s building resentment towards these brands. Talk about B2B they are just dumping watches as dealers have so many brand new unworn watches that are just sitting now. Yeah if you can be patient prices will continue to fall. Free money has dried up and resellers better watch out. Nothing worst than spending thousands on a transaction that looses money.

[@tomcraig8027]

If you look at the 5 year charts I would say there is definetly further to fall. Alot of inventory went to false owners i.e. people who had no intention of wearing them and thats still coming onto the market. Also with Rolex increasing production in a very weak global economy only a madman would make the case for prices stabillising or rising. Good video Vinny.

[@vinnyfrancis]

Thanks Tom, though long term over the next 5 years I think supply on the grey market for unworn pieces will actually be fewer due to Rolex taking control of retail distribution and Rolex’s not going straight to the grey market more so straight to well-vetted wrists

[@stevenwebb9861]

I feel prices will drop to early 2018 when a Non Date Sub was £5450 retail grey £5750, the Hulk was £6600 retail and Batman was £6850 retail both were a little over in the grey market. Daytona will stay well above retail, GMT will drop a bit further with the green Sub and Date and Non Date Subs a few hundred above retail. Perfect scenario for collectors really. Great video but your Sky-Dweller blue grey market price today may be a tad low... Thank you.

[@dees9502]

Enough of the Rolex click bait garbage

[@peakrider4886]

We shouldn’t forget the role that the greedy flippers have played in this. Jumping on the rapidly increasing prices to buy up Rolex’s, expecting the value to keep rising, and then when started crashing, they wanted to dump their watches; the greedy grey dealers took advantage of this to offer silly low values which the flippers took afraid about how far the prices would fall. It’s saturated the grey market and now it’s these dealers that are worried about the stock they are carrying.

[@mell3109]

If Rolex’s continue to drop then the other brands will also loose value….great news for collectors

[@vinnyfrancis]

How is it? would you be happy to see the value of anything you own plummet? your house maybe? how is it good for collectors in that sense?, lower prices are but not consistently falling prices

[@IridiumZero]

Another thing that nobody seems to be talking about is the massive popularity of superclones. People are buying them in droves in the UK, because they are so good. These are not just people who can't afford the real thing, many are watch people who have bought genuine before. Superclones are both canibalising sales of genuine Rolex, as well as devaluing and de-exclusivising the brand. Not good.

[@vinnyfrancis]

They are extremely good, we learnt a lot from one we acquired, we keep it to educate our clients on telling details of it being a superclone, biggest piece of advice we give to any collector is buy a good loupe!

[@followyourpassion8378]

Absolutely right. When you buy a chunk of steel for 10k, really think about that and then are offered a chunk of steel, that is finished with the same finesse for 0,5k... one must be wrong. This fact will damage the opportunities for rrp overpricing, which has been taken too far (Omega, Rolex). So full gold watches are the way to go, because there are no (real gold) superclones afaik. However, the multiples for the originals are still too high. I would like to know by what brilliant master mind marketing strategy Omega pm Speedies have a higher rrp than their Daytona counterparts? Regarding the video... even in 2019/20 full gold Subs and DDs could be had way below retail.

[@BAF605]

I'm making no predictions about Rolex prices. I agree with you about peoples' ability to negotiate. Whether buying or selling many have no idea since they are newbs who came into Rolex buying when many grey dealers were telling them prices could only go up so they paid the asking without question. Now some want out but have no idea how to do it. They'll be plucked on the way down as they were on the way up. Good video Vinny

[@vinnyfrancis]

Quite true, there’s sadly too much liquidity in the market and this is driving a race to the bottom

[@matports_live]

It is going to get harder to get the extremely hot Rolex pieces. The experiment has already been done with the green Sky-Dweller - flippers have tried to flip those at almost triple RRP and the punters aren't buying. How much will be asked for the first 126500 Panda which hits the market? The 116 references are looking like a relative bargain at the moment, and most likely in comparison to the 126 references as well. Another note - looking at various pieces of social media, I am sure there was a drop of Explorer IIs into the ADs back in August and all of those pieces were back doored straight to the grey market. I had never seen so many of the same watch hit the grey market at once. Would bet my house on it that this happened.

[@Super56Trouper]

Personally I think buy one watch and be happy. Is there any point in a person owning 50-100 watches really?? Anyways I appreciate your videos and your honesty, always nice to hear from an expert minus the bs 👍

[@vinnyfrancis]

Fair enough! i’m an addict though, what can i say😅, thanks for watching

[@davidbrown9947]

Oh and a Rose Gold Yacht Master 40 MM on an Oyster Flex, 8 hours old, I was offered 4 k under list, by two youtubers FFS!

[@BobbyDazzler888]

I got that watch. Most worn watch in collection. Great comfortable watch with a hint of flash.

[@keithlos1497]

I tried to sell 2 week old BB58 no stickers but unworn. I was offered a v low amount comparred to RRP. But i think the reason is that there are just too many watches wanting to be sold, and the dealers haven’t got enough resources to tie up large sums of cash, and add in falling market. Most will happily do on consignment and scalp 15% plus

[@vinnyfrancis]

wow, yes sadly tudor is struggling at the moment, though I advised to stay away from tudor for poor residual values many months ago, if buying, buy to wear.

[@gregbianchi2689]

It has been a long time coming. These watches were never worth the prices.

[@paullb2440]

The blue jubilee Skydweller has fallen a lot, at one point they were going for over twice retail. Only worth buying at retail as a keeper now.

[@richieb6998]

Here’s what I’m finding…a lot of dealers are not willing to negotiate the inflated prices down & would rather hold than sell and get liquid to reinvest again as they can’t handle the thought of not making their margin. Also, I’m seeing them buy low but still try and sell at “market” price. Grey dealers are not understanding the cyclical nature of business as they’re too new to trading. I went to one guy for an AP he was selling at 46k, wouldn’t come down to where it should be so managed to find a better version for substantially cheaper. He lost a sale and a potential long standing client!

[@davidbrown9947]

^ perfectly put, exactly this. Note , however the life blood of any business is cash flow, and if they continue to hold in the hope of getting 30% plus margins they are fuc..d. Prices are in free fall

[@followyourpassion8378]

I am witnessing the same. Private sellers and dealers alike are clinging to their "gut" feeling, that Rolex watches should be "worth" more. In the local ads they rather let a listing sit for a couple of months than budge.

[@1snipey]

Great video Vinny.The dealer lowballing is a joke - especially the ones that other KZbinrs vouch for. This lowballing was happening last year when I tried to sell a few watches - shocking offers but the mark-ups they had for like for like were a lot lot higher....and the sob stories - " the markets in a dip....no one is buying'. when I challenged their comments made online re:' mark up on most Rolex is only 10-15%" they went quiet'

[@vinnyfrancis]

Right on! If we don’t want to buy a watch we won’t make any offer and politely decline, lowballing just alienates clients and takes them for idiots, this is endemic now though in the industry, a race to the bottom until supply is less liquid

[@franky3fingers337]

Rolex now has another negative association attached to it. Whenever I see a current model Submariner, GMT, or Daytona my first thought is, damn I wonder how much he over paid by.

[@vinnyfrancis]

That made me pause for thought! It’s sad that it’s got to this

[@stevenwebb9861]

Personally, I don't feel many Rolex are being sold out the back door in the UK, My AD is genuine so I feel most Rolex on wrist these days were bought at retail.

[@franky3fingers337]

@@stevenwebb9861 yes there are some good ad’s out there. But keep in mind that many more others bought at “retail” were bought by “qualified” costumers that have purchased unwanted items to be allocated the watches they want. So in a way that is worse than going Grey.

[@stephenmiller8620]

Great video.. hate grey market dealers there worse the second hand car dealers just want to rip you off and all on the back of rolex.. dont forget its the AD's staff taking backhanders that feed tge supply

[@vinnyfrancis]

cheers thanks for watching, and the Rolex acquisition of the Bucherer chain will hopefully bring an end to the backhanders

[@garywynne8122]

Collectors collect, flippers are just in for the money the grey market sellers continue to use the word “investment”, if you buy a Rolex you should wear it, feel good about it but don’t treat it as a money making device, there are better investments out there , good video mate.

[@PatrickHawthorne]

Vinny, you produce great informative videos. But when will the Rolex grey market prices fall? 2024, 2025? Bin waiting 2 years for a call from Rolex AD to purchase a time piece. There are numerous brand new unworn Rolex's of the model I have ordered on the secondary market which I can purchase right now. but at inflated prices. I am annoyed with this fact and it's the reason I still haven't purchased. I am sure one of these time pieces destined to myself was sold to the secondary market by my Rolex AD. this fact makes my blood boil.

[@dannysimenauer5745]

Vinny, I fully agree with all of the points you made today! Prices will fall further on Rolex and the other hyped brands if we collectors remain patient in the next 6 months. Thank you for comparing 2017 to 2023 prices. One other stat I noticed is that if you go to grey market websites, their inventory is limited which highlights grey market sellers are expecting prices to go down further.

[@vinnyfrancis]

Sure, thanks for watching Danny

[@dannysimenauer5745]

@@vinnyfrancis Vinny, do you have a sense where GMT Pepsi prices may go in the next 6 months (up/down or stay the same)? Especially with rumors saying the red/blue bezel model will be discontinued due to production yields. Just asking because you talk to other dealers on a consistent basis so you might have your ear to the ground.

[@vinnyfrancis]

This rumour is just that, a rumour, im already seeing trade prices increase for this model and we wont be buying them. We have seen this hype bandwagon before and i hope people dont get sucked in to it, I wont be.@@dannysimenauer5745

[@dannysimenauer5745]

@@vinnyfrancis Thank you for your feedback. I figure if you aren't buying as a dealer, then I will be patient to see what happens in 2024.

[@anthonygray7012]

What about the muppets who believed the grey dealers- bought the Gold Daytona/ Green dials for close to 100k. Spitting feathers now 😂

[@Jbton2023]

Prices will go sub msrp for all but a couple of models by this time next year. This is a good thing - I won’t lose any sleep over flippers, traders or ADs who treated genuine customers with contempt and turned them off of the Rolex brand (probably forever)

[@diddygreen5077]

Grey market dealers were used to selling on the watch in the same week or less now r not will to buy and have it sat in the window for over a month now they not got the money so that's why are they giving everyone lowball offers

[@vinnyfrancis]

This is not far wrong, inventory is taking longer to move

[@horawatching]

Very true but profits are higher than before

[@followyourpassion8378]

Great video! Regarding superclones as a pricing threshhold. When you buy a chunk of steel for 10k, really think about that and then are offered a chunk of steel, that is finished with the same finesse for 0,5k... one must be wrong. This fact will damage the opportunities for rrp overpricing, which has been taken too far (Omega, Rolex). So full gold watches are the way to go, because there are no (real gold) superclones afaik. However, the multiples for the originals are still too high. I would like to know by what brilliant master mind marketing strategy Omega pm Speedies have a higher rrp than their Daytona counterparts? Regarding the video... even in 2019/20 full gold Subs and DDs could be had way below retail.

[@RootBeerGMT]

Heads up-The GMT TT Ceramic remains a bargain!

[@karlsugden4161]

I'm just interested. How much would a dealer pay currently for a Rolex submarine? No date April 2023 I would like your genuine honest opinion kind regards

[@andyvankerkhove6902]

Lots of falling to come When all the wannebe flippers and collectors will need money... it is coming...

[@johnobrien8398]

How many watch dealers are there and are they all crying like little girls over Rolex watches that are overpriced and very tangy

[@PDeker]

HI there, here in Los Angeles my friend put $18,000 cash at a store for a Hulk and the owner said put it away not interested. He wanted $21,500 not a penny less. FYI

[@check2000]

should go to ny, 47th street

[@voltagevillain7342]

I emailed you through your site twice but never got a reply. Do you only buy from other dealers?

[@vinnyfrancis]

Sorry to hear that your emails must have slipped through into junk somewhere, please could you DM us on insta or share a name with us so we can dig out the emails? many thanks, Vinny

[@okidoki2952]

Around 11:15 hits the nail on the head for me👍

[@devilsfan5967]

Thank you for the great information and analysis Vinny 🙏

[@martynskinner930]

In a steady or rising market 10‰ margins and frequent transactions works fine. When the market slows and prices on a general slide, less frequent transactions do mean more margin is required. We can all see watches stay on the market now for months where it used to be days or a few weeks at worst. 2 pennies from a 3 watch guy with no Rolex :)

[@followyourpassion8378]

I think you are right. But at some point some margin is better than no margin, so shouldn't prices drop?

[@glenh4971]

The watch market is dead. You are in denial still right? We are in a global recession now. We will enter a global depression soon. This depression will be the worst of our lifetimes. Don't buy luxury goods unless you pay rock bottom prices for it. Be prepared to hold onto it for many years.

[@singaporewatchcollector6262]

😂

[@davidowen2859]

Been through this several times. Once it firms up, and it will firm up the doom mongers will then all say they predicted an up turn.

[@glenh4971]

@@davidowen2859 You aren't old enough to have been thru this. We are headed for the Greatest Depression. Wake up dude! Get off the booze. Stop the weed. Quit deluding yourself.

[@Remboken]

The watch market is collapsing 🎉

[@davidowen2859]

@@glenh4971 Thanks for the compliment Glen but I'm 60 so been through three "ends of the world" 🤣

[@NP-yi5vk]

Where are you getting the sell prices from? What we are seeing is advertised price on internet but getting almost 10-15 percent off watches. Some watches 20 percent off the internet price. Dealers are negotiating more especially for big pieces to sell. The market is not really organized so small dealers who work on small margins will offer low and sell low. Bigger dealers offer higher for trades and can make deals. I have better relationships with grey market than AD for sure. Have bought and sold from them for many years was used to buying under retail. Then over retail and now back down. Able now to get pieces that were very hard even 6 months ago. People are in mindset and value of money of watches and that is the problem. Buy what you like, can afford and forget if market goes up and down. Enjoy what you buy and when done trade and go to the next one.

[@vinnyfrancis]

Online prices are outdated, i work in an amongst the industry and these sale prices are as low as i’ve seen these watches sell for, not the average price and certainly not the list price which is not relevant.

[@davidbrown9947]

grey market dealers, certainly bricks and mortar ones, with large YT followings are not negotiating , they still want covid prices, they are financially illiterate and morons.

[@james6048]

Lot of work gone into that, much appreciated

[@vinnyfrancis]

Cheers thanks for watching

[@MrHighbury]

Good video fella 👍🏻

[@vinnyfrancis]

Thanks 👍

[@vincet6730]

I believe that prices will increase significantly. midterm future Chinese and Russian watch affictionados will return and spend money on watches. And as soon as crypto currencies soar again, demand for watches will go up…

[@vinnyfrancis]

bold prediction! thanks for your view, i admire your optimism, lets see what happens

[@davidbrown9947]

oh dear

[@nuno_t4712]

The madness in price increases due to extra liquidity during COVID years created this bubble (and others such as cars, crypto, NFTs). I agree there is still some downside on these models as the world economy slows down. However, there is now an increased awareness of premium and luxury watches bringing more people into this "hobby". Yes, some were looking at it as an investment only and will eventually move on to the next fad, but others are here to stay and establish a baseline level of demand higher than 2019. Brands (really Rolex, AP, Patek) must significantly increase their production to get back to the 2019 "balance" of supply/demand. Rolex has announced construction of a new factory, so this is not out of the question I guess...

[@vinnyfrancis]

Good comment but I think especially with Rolex’s move to control distribution through their acquisition of Bucherer, I feel that long term BRAND NEW supply on the grey market will become less and less and the grey market will be mostly used stock in future, they will vet their buyers much better

[@nuno_t4712]

@@vinnyfrancis Agreed, and hope that fewer watches end up in the hands of flippers. But wouldn’t this further limit supply in the secondary “grey” market, leading to support for a premium relative to retail prices? Looking forward to seeing how this all plays out. In the meantime I wait for my allocation of the GMT Sprite lol.

[@vinnyfrancis]

yes in theory it would id have to say and that is what Rolex want

[@andrewsouth1696]

I’ve never seen the ACA training put to such practical use! Highly enjoyable vid

[@vinnyfrancis]

Haha, Glad it was helpful!

[@cookingwithwatches]

Prices will increase around holidays, then they will drop under retail in the spring of 2024

[@vinnyfrancis]

interesting perspective, we shall see!

[@davidbrown9947]

what makes you say that.

[@bedfondo]

Boom, to the point 💥😀 nice one Vinny again 😎

[@vinnyfrancis]

Legend! thanks for watching

[@michaelpaulos420]

I bought an unworn Rolex w/box papers, cards and hang tag for under list last week. stickers were still on it.10% UNDER list.

[@vinnyfrancis]

Sounds great! congratulations, what did you buy?

[@michaelpaulos420]

OP Date 2 51mm@@vinnyfrancis

[@frankm4129]

I think you’re totally wrong and usually you’re a smart guy but I don’t think the basic Rolex says you know submariner Jim geez explorers the Daytona are gonna drop anymore if anything they’re going to stabilize and stick and they may be even go up. Sorry to disagree with you.

[@vinnyfrancis]

That’s cool, it’s good to debate this, let’s hope your opinion is indeed true! cheers

[@check2000]

in denial

[@5stringfrolic]

Great video, but I disagree with the characterization of the dealers offer as a "rip off". You are under absolutely no obligation to sell, and if you think or know the watch to be worth more simply move on and get your price elsewhere.

[@vinnyfrancis]

exactly, negotiate and ship around is key

[@tomb3009]

Very good video. 👍🏼👍🏼

[@vinnyfrancis]

Thanks for the visit!

[@matthewdadson7598]

Great video Vinny. Keep up the great job. Brilliant

[@vinnyfrancis]

Glad you enjoyed it, will do mate

[@steveb5584]

How do you make this assumption?

[@vinnyfrancis]

what assumption?

[@frankm4129]

Hold, hold hold you don’t need to Sal Don’t Cell rolexs is still the best watch out there and if you hold it will go back up

[@ToniMontana-fv3jb]

Super Video from germany

[@vinnyfrancis]

Danke fürs zuschauen!

[@coolgabe64]

Another great video. Learning a lot.

[@vinnyfrancis]

Great to hear, thanks!

[@coolgabe64]

@@vinnyfrancis , but I'm a Liverpool fan. :)))

[@Ben-qn6ws]

I think we're nearing a bottom. There could be some black swan stuff, but I don't think it'll last long. Our attitudes towards assets are changing as everyone's money becomes worthless. Daytonas are never coming back t0 2017 premiums, unless we're entering a completely new paradigm, in which case we all have much bigger troubles. There won't be grey dealers under a new paradigm. The more I hear people now agreeing it's going lower, the more I think the bottom is very near.

[@vinnyfrancis]

Cool, cheers for your thoughts mate and for watching

[@followyourpassion8378]

So, would you say, that watches still are as effective for flexing? I think, the last couple of years have taken away some of this effectiveness.

[@Ben-qn6ws]

@@followyourpassion8378 it’s completely subjective. Non watch people never notice watches. I’ve never bought one to ‘flex’

[@Ben-qn6ws]

Or rather…i can’t afford one you’d consider ‘flex-worthy’ or get one at retail🤣

[@SILKY_999]

What’s your predictions for the Rolex sprite would love your opinion on it. Want to buy on the grey market for 16k brand new 2023 on jubilee already tried with the ADs they said list closed snobby twats 😂

[@i1p2p3o4c5a6m7p9o9]

FIRST !!!!!!!😅

[@RootBeerGMT]

Unless you WANT the watch for you-and you intend to keep it-stop paying pumped up prices-make retail or only slightly over retail to greys. Make your offer and wait. You might be pleasantly surprised. Also, don’t be a clown and chase AirKings, OPs, and Explorer 1s. Those are for Ukrainians and they are like Ukrainians-No one really wants them. If that’s the best you can do-save your money or buy an omega.

[@BufanMuayThai]

I won’t argue you prices is wrong but they are listed prices. Trading value is quite different… as you saw with the Hulk. The trade value will make it to the end users, it’s just a matter of time. As you said, don’t let them get away with it… Which is why we will see grey prices fall back to the norm ie. Pre hype and pre 2018 compared to msrp that is. The dealer chats I see, in the EU and US had quite a significant increase in the drop rate during August and September. Used Platona is about retail now in the public Moda group the are 82k📉 The white Daytona, is still high, but it’s about the only one left staying very strong. But but but, they trade now between 20 and 25k in the us chats. The 🫒 DD is public listed in Europe for retail. Blue Sky on oyster is about a 1.5k above retail public listed. Not arguing, just shooting the 💩 in response to your insightful video. Cheers.

[@vinnyfrancis]

Can’t argue with much of that to be honest!

[@BufanMuayThai]

@@vinnyfrancis Can I ask, what’s the stats on the Hulk you are looking to skip?

[@delia93010]

lol you forgat to talk about the economy lol 2024 will be really bad

[@BobbyDazzler888]

🍭 TSGWMID