The stock market and housing market also increased dramatically, causing the wealth effect that leads to more spending. On the demand side, consumers had accumulated significant discretionary spending, again due to COVID, which they could not spend on vacations and other experiences, meaning they funneled that money into consumer goods. They have also indicated they will not increase supply materially as those issues lessen. On the supply side, Rolex has been very transparent on reduced supply due to COVID restrictions on work and supplies. The past several years have been a perfect storm. Who cares what other people pay for their watch?! As long as they're happy, who are you to judge? This post reeks of jealousy and immaturity, which is further verified by your usernameĮconomically, it’s supply and demand. Grey dealers serve a market function - were you around when you could get DD at a significant discount to MSRP? Or how about when you wanted to unload that watch you're no longer fond of or needed immediate access to liquidity? How about those who only want 1 watch from a brand and don't have the cash flow to play AD games (e.g., AP RO, PP Nautilus / Aquanaut)? You're only angry because you jumped on the hype train too late and don't have the patience to play the AD game because you think spending 10K for a SS watch automatically entitles you to the best service. To make it an apples to apples comparison, you'd have to look at the IPO share price, which the majority of the public investors can't access - they're going to institutional investors - to get a stocks "MSRP". I've bought plenty of Rolex watches at MSRP, but I hate seeing those who compare buying a Rolex at MSRP to stocks. Houses have significant economic barriers to entry (e.g., land supply) whereas Rolex can continue to produce 1M+ units per year. Sure, they retain value better than other depreciating assets such as cars, but you should not expect a luxury good that has no competitive advantage / economic barriers to entry to significantly appreciate over time relative to MSRP. Watches are luxury goods, not an "investment" or "new asset class". I can't stand these posts because you sound like somebody who isn't a true watch collector. Sidebar photo idea courtesy of /u/omega703 If you're looking to buy a Rolex online, try this list of well-known sellers. "Hi I'm Steve from RandomStrapCo, here are some pics of our new strap" is 100% fine, but thinly-veiled promotional posts from throwaways are not appreciated and will be removed. ![]() Promotional posts from vendors are fine, as long as you're upfront about who you are, participate in some discussion, and don't spam the sub with multiple threads. ![]() And no posts from toilets or moving cars, you savages! Memes and shitposts will generally be deleted unless they're actually funny or create relevant discussion. Posts that are easily Google-able will be removed at mods' discretion, as well as basic questions that have been frequently asked in the past (such as, " Are Rolex watches good investments?"). This is a place to discuss Rolex and Tudor watches. Contests and/or giveaways must be cleared with the mods before being posted. There are subreddits and websites that are dedicated to buying/selling watches, including /r/WatchExchange. Questions about particular watches being real/fake should go in the stickied Monthly Watch Verification thread and not a new thread.Īt this time, buying/selling threads are not permitted. This is the oldest rule of this community, kept in place since the beginning. Replica/fake/counterfeit watch posts and discussion are explicitly forbidden, aside from text posts about how to identify and avoid fakes. Report any comments that break this basic rule. ![]() No personal attacks, even if you think a user's model is dubious. Reddit's go-to source for news and discussion about Rolex and Tudor watches.
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