ROLEX MARKET DEAD? Why they’re NOT a good INVESTMENT in 2024 ❌

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GMG Watches

Күн бұрын

Пікірлер: 96

@MrNoBody_b 3 ай бұрын

Watch dealer says watch market isn’t dead 😅come on lads …

@Seconds84 3 ай бұрын

Watch market isn’t dead in a sense that people still buy watches. The part that’s dead is buying every watch from AD to flip for profit. That was a fake bubble and these grey market dealers perpetuated that nonsense. Sad part is, they are still trying to speak that investment crap to smarter consumers. It’s over fellas, let’s just talk about buying the product because of the art, engineering, the material or the history. Enough with the investment crap, you’ll sell more watches if you actually know the timepieces and sell them for what they are.

@slapjuice 3 ай бұрын

Interest in watches is not what it used to be, now the steam has been let out of the system. As you guys should know, the price people sell a watch and they buy a watch is very very wide on most models which reflects your slowing demand. This then feeds back into people not buying watches as most will lose money. Grey market costs have gone up as you have fancy shops etc now for the social media life, and stocks of watches are generally very very high in the grey market. Watches are not going back up to covid prices for another decade at the minimum.

@singlendhot8628 3 ай бұрын

Interest in watches is still very strong. But people just aren't willing to pay crazy money anymore, because they don't have it, and it shows. Your best bet is a Stainless steel professional Rolex model. Always has been. Always will be.

@ianhenley4118 2 ай бұрын

AP skeleton - to think where the price point was a year or so ago. It is now at a place where it is best watch to invest in and to wear and enjoy.

@matthewbaxter8271 3 ай бұрын

Always loved a Rolex but never pulled the trigger until now. The latest one will be a keeper.

@billchan6180 3 ай бұрын

🎉 tbr daytona❤ watches are being sold here in Hk, more shops opened...... have no idea

@Jasperroodog 3 ай бұрын

Covid caused the uplift in the watches as per nearly everything else. Interest rates will not return to pre covid times , they were at record lows prior for a reason. You wont see rates below 3% . Watches, especially certain Rolex, PP, will always provide a good return on investment .The watch market isnt dead, its just returned to normal . Watch brokers will struggle , established watch dealers will survive

@The_real_Mr_Ghost 3 ай бұрын

Vacheron all day long...VC is the King of watchmaking period!!

@gmgwatches 3 ай бұрын

💚

@Greggieboy76 3 ай бұрын

Great chat fellas and some amazing stock!

@gmgwatches 3 ай бұрын

Thanks Greg!

@Seconds84 3 ай бұрын

Enough with the watch investment stuff fellas. Nobody should be buying from the grey market for “investment” purposes. That’s the nonsense 10x Anthony Ferrer sales pitch. People buy from grey market to save money buying below retail, or waste money on hype watches they can’t get from the AD. Only collectors that make money have huge buy history relationships with AD. They acquire hard to get pieces for retail and sell on grey.

@Sc0tt.Higgins0n 3 ай бұрын

Vacheron

@BeantoCupbyAsim 3 ай бұрын

watch crime is definitely putting me off buying more watches. You just cant enjoy them anymore without being conscious of where you are.

@BernardEdwards-gu2bo 2 ай бұрын

The watch market is face down in a back yard pool floating face down

@milsub59 3 ай бұрын

Rolex was never a good investment

@dandiaz84 3 ай бұрын

Richard Mille watches are ugly and not classy at all. Rolex is the way to go…day date….gmts…submariners are great beautiful watches to buy

@gmgwatches 3 ай бұрын

If you could have just one Rolex, what one would you choose?

@linuxpenguins 3 ай бұрын

@@gmgwatches 116600 - Only those who know, know. This piece is a future collectable. 8 for sale within UK. Rare. Undervalued. Printing money.

@BigBigger-c2g 3 ай бұрын

@@gmgwatchesdd 40 platinum arabic dial tbr bezel

@bo55ola 2 ай бұрын

@@gmgwatchesPlatinum with Baguette dial Daytona

@mrlion9099 3 ай бұрын

After looking at the losses of the past 2yrs ( example James Cameron paid £15k and would have to trade at maybe 9K trade) I'm loath to buy anything Rolex....I'd now only buy to wear and you can't daily wear even a Sub now without looking over your shoulder...Daily wear is now a Tudor Root Beer against 20yrs of wearing Rolex...

@slapjuice 3 ай бұрын

The only people who did well out of the hype was the hype creators i.e. Grey market dealers.

@Madeinlondon67 3 ай бұрын

I don’t think Starmer winning the general elections will do the watch market any favours.

@Sams911 Ай бұрын

meanwhile I've been waiting on the Meteorite Dial BLRO to drop below $50K for 1 year... best I can find for a BNIB is $55K US... so much for bubble bursting.

@febie1348 3 ай бұрын

Personally, I have been completely put off by the Rolex brand’s shitty AD network over the last several years and Rolex does nothing about it.. Phoney waiting lists, preferred VIP clients, a huge amount immediately sold brand new on the grey market at crazy inflated prices..Then you have the fear of theft wearing it out in public...I am done with them I think and I suspect many others will be too,you can only take so much abuse.

@gmgwatches 3 ай бұрын

I think a lot of people feel the same

@Watchlover371 2 ай бұрын

@@febie1348 you wouldn’t be whining or feeling bad if you were getting all the goods though would u?

@febie1348 2 ай бұрын

@@Watchlover371 Whining? Not really as I already own all the Rolex I want. It is all the BS with the Rolex AD's that I don't like.

@Watchlover371 2 ай бұрын

@@febie1348 whenever there is more demand than supply as there has been over past few years there will always be those who win and those who don’t. Just a fact of life!

@robinpark3780 3 ай бұрын

TSGWMID!! FUBAR’D!! Floating ✋☠️🤚🌊🏊‍♂️!! You guys come off like 2 desperate schlepps in denial that TSGWMID!! 😂

@gmgwatches 3 ай бұрын

Thanks for your feedback 🙌🏽

@MarkSamuel1982 3 ай бұрын

People are getting squeezed left, right and centre these days with their mortgages and general living expenses and watches have fallen to the bottom of the list of must have purchases for most people. They might buy 1 or 2 nice pieces whereas before they'd try to build a nice collection. I think people are just more pragmatic and living in realty in these times and I don't see it changing any time soon unless interest rates go back to 1% which no one predicts they will.

@Liztrusslover 3 ай бұрын

Great comment 👏🏻👏🏻👏🏻

@stever7097 3 ай бұрын

Best value Rolex are the pre ceramic Subs date and no date and SD 4000’s. You can pick them up cheap around 7/8k and they are timeless.

@andrewm9669 Ай бұрын

I'd pick the meteorite Daytona on your wrist

@stever7097 3 ай бұрын

The truth is it is a buyer’s market at present. Grey market traders still make their profit margin however. E.g a watch they previously bought in for 10k and sold for 12k, they now buy at 8k and sell for 10k. They were directly responsible for the overhyping of certain models, hence the fact that some people are now sitting on a John Meyer bought at over 100k, with a value today of around 60 -70k if they are lucky.

@Watchlover371 2 ай бұрын

@@stever7097 think they sub 60k now btw 😂😂😂

@kuanseow7407 3 ай бұрын

Rolex 116600 SD4K & Old Rolex Daytona 116523 Panda Dial (Arabic Numerals Racing White Dial or Black Mother of Pearl Dial)

@stever7097 3 ай бұрын

@horawatching 3 ай бұрын

Oh £2k we wish. Maybe £500, market is busy though and in principle what you say is true. Easier now than in the boom, and more enjoyable

@danny77670000 3 ай бұрын

Rule of the thumb- Hot pieces buy at retail not grey & u r safe. Non hot pieces, buy grey less 25-40%, some poor bastard already took the hit from their bundle from AD or bought during the ‘journey’ & need to offload. Recent relentless price increase from manufacturers have narrowed the gap too.

@MG-hv4vf 2 ай бұрын

Fresh stock?? LOL That AP panda been there since 2022

@gmgwatches 2 ай бұрын

lol. Probably sold half a dozen of them since then but thanks for noticing 👊🏽

@hemtet5500 2 ай бұрын

So this is a promo for your stock?

@garywynne8122 3 ай бұрын

Come on boys the market is not good, you would have being a % of a lot, now that overall prices are down you are getting a lot less as they numbers decrease. It is however a OK time to buy a watch that you cant get hold of, I recently paid only A$5,000 over list for a SkyDweller rose gold Blue face, I think it will be getting less expensive but I want to wear it now, so the Grey market is still the place to buy. Enjoy your info and content

@gmgwatches 3 ай бұрын

Thank you for commenting Gary!

@linuxpenguins 3 ай бұрын

116600 SD4k - Just buy and hold this particular model. Or a Blue Sky Dweller 32x (First version - Discontinued model) or a Pepsi, or Panda. That’s literally all you nee to do.

@Never_Stand_Still 3 ай бұрын

To be honest, I have six watches, Rolex, IWC, Glashütte Original and i‘m looking to trade up to A Lange & Söhne Time Zone. Just have other priorities right now. I would choose the Vacheron Constantin, Green dial.

@SA17579 2 ай бұрын

I like the Patek.

@McDonaldPhotography 3 ай бұрын

I’m holding or Selling - definitely not buying. When I do it’ll be something I love - Vacheron would be a target brand. I’m simply Bored of the Rolex noise.

@P8REN 3 ай бұрын

I never use the term “investment” when it comes to watches, because I buy my watches to enjoy and if I like them. For me, an investment is the gold bars I have sitting in a safe that have quadrupled in value over the last 10 years.

@samuelburton5576 3 ай бұрын

Agree 💯

@gmgwatches 3 ай бұрын

Nice. Congratulations 🥳

@Watchlover371 3 ай бұрын

Interesting seeing as gold spot value hasn’t even doubled in the last ten years ….

@JG-OK 2 ай бұрын

@@Watchlover371haha so true

@wesammansour1486 3 ай бұрын

Don't care about money I'll go for the beautiful VC. The rest I'll get all the Rolex president and daytona.

@savagemodels 3 ай бұрын

sorry guys but I'm not blown away with that collection. but out of them I would go for the Patek Philippe Nautilus Chronograph or if you had a rolex daytona oysterflex ghost I would have gone for that.

@gmgwatches 3 ай бұрын

Good choice 👍

@glynmatthews678 3 ай бұрын

That 5980 is mine !

@londonman8688 Ай бұрын

what's the point of nice watches when you cant wear them without constant fear of being mugged

@gmgwatches Ай бұрын

Maybe you’re in fear but most people don’t live their lives like that. Life’s for living so enjoy it any way you can 🙌🏽

@londonman8688 Ай бұрын

watches prices still have a long way to fall when you look at price charts

@gmgwatches Ай бұрын

Why look at the charts. Watches are a luxury items. They bring enjoyment and self love. They help showcase status and fulfil goals.. Why care about the charts? Charts are only important if you’re buying strictly for investment and any smart investor has a lot better things to invest in than watches. 🤙🏽👊🏽😀

@bo55ola 2 ай бұрын

man that ghost looks so slick on the wrist

@scouser6630 3 ай бұрын

Uk market is slowing down buy to ware and haggle 👍👍

@londonman8688 Ай бұрын

how have grey dealers who bought watches near the top not gone under ?

@gmgwatches Ай бұрын

Cos watch dealers are smart. They take losses along the way and don’t cry about it. They dig deep and keep selling.. ultimately grey market dealers make money regardless of what the market does as long as the general public keep buying (And selling). Thanks for watching, subscribing and commenting 🙌🏽

@terrymcdonagh5439 3 ай бұрын

Because I love the watch it would be the white gold Yacht oyster - money no object would be an aquanaut

@gmgwatches 3 ай бұрын

Great choice 👌🏽

@garyz9907 3 ай бұрын

I'm still loving the watch market and love learning what's going on. With that being said though, I've never bought from grey market and have only bought from ADs as I'm picky about being the first and only owner. So I'm waiting.....alot..lol

@Adal-wn3bx 3 ай бұрын

Watch market is very much alive depending on who, circumstances and timepiece of interest/ in discussion. Yes, market was over inflated and must correct itself. Authorized dealers are still struggling to please buyer on long wait list. I'm buying what I'm searching for when I find it, just like wearing all timepieces owned.

@michaelwoolley3871 3 ай бұрын

Deal on a 42 Yachtmaster fell through with you guys a couple of months ago, but really did me a favour. Got a Full Gold Ceramic Bluesy locally for 1k more and the same part ex for my Datejust we had agreed on originally. Just shows how the market is changing.

@michaelsand4573 3 ай бұрын

Rose Gold GMT 100%

@nonono7585 3 ай бұрын

Patek aquanaut for me 💪🏼😎

@swiss889 3 ай бұрын

Rolex is playing a dangerous game by holding watches back, it's a buyers market not a sellers market

@1GulFF 3 ай бұрын

Your taking at least 4 years for market start moving unless you live in Hong Kong the market will drop even there in year time

@americantarmacker514 3 ай бұрын

What day date 40 is the best value for money right now thanks

@gmgwatches 3 ай бұрын

Definitely Rose Olive

@americantarmacker514 3 ай бұрын

@@gmgwatches thanks I was thinking the same rose olive it is

@americantarmacker514 3 ай бұрын

The watch market will never die because people love watches but it definitely bleeding out right now

@tbd1613 3 ай бұрын

Id buy all the RMs if money wasnt a consideration. Easy choice.

@RichardThompson-s9e 3 ай бұрын

The guys are spot on - watches should always be enjoyed and worn. There not stocks and shares. Crazy you guys only have 12k subs… massive room to grow there.

@gmgwatches 3 ай бұрын

Thank you! 💚