Even if I could Afford whatever watch I wanted, There isn't a watch made that is worth the OUTRAGEOUS prices they ask. Not unlike these people that buy apple products, way overpriced for what they are... It's a Phone, just like that item on your wrist, it's a watch, and the $10 watch or the $200 phone are going to do exactly what they are bought for. BRAGGING RIGHTS that is all it is.
Jenni Jenni!! I’ve been DYING to make a similar video! But WHATS THE POINT?! Because you nailed it and you are absolutely right. Get your names on the waiting lists! Watches are becoming more available and lists are opening up again! 💕💕
@@markreynolds9135 that goes without saying, Mark. Obviously, it was implied when Britt feels up to it. Your comment is as pointless as pointing out that Britt can't run a marathon until she heals a broken leg, for example.
Was finally able to purchase my submarine date at retail in March of 2022. I refused to purchase aftermarket at those crazy prices. I waited 2.5 years for it but I’m sure glad I did.
@@vadimdon i do not recall 126610ln's grey price ever dipping below 11000 usd (current msrp plus my local sales tax) on the grey, though at the time of launch of 126610ln, 116610ln (around 8-9k new in 2018) was 11 to 13k, beaten down naked 16610ln (around 5k new in 2005 or so) being around 9-10k. Only reason i remember this price relatively thoroughly is because I actually got my 126610ln at AD 2.5 years or so, with one month wait, but seriously considered going grey during that time (and did with a different rolex during the wait). fyi the out the door price for 126610ln was 10k in 2021, and the delta between each generation of subs are very noticeable (116610ln and 16610ln), so i say waiting did pay off.
I visited my AD today and was told wait lists for Explorer II are still 2 years. Put my name down for the black dial model and see how long that takes. My last purchase (mint green Datejust) it took only 2 weeks for me to get the call - I definitely didn't expect that!
Where is that AD located? I went to my AD here to get on the list for a GMT (I already bought a steel Explorer I from them. They took 6 months for the call) and they had an Explorer II available. Thinking like in the old days, I took it without thinking… maybe that was not the best idea moneywise, after seeing this vid ;(
@@robertofresard134 my AD is in Bristol, UK. I've also had an AirKing on order for 9 months - sounds like they have a longer wait list for the steel models.
I'm waiting for the mint green Datejust for 8 months now. They said the average wait time for a steel DJ is 1 year and 6 months for TT. I have a pretty good history with the AD...
I’m happy to see the Rolex grey market pricing adjust down. I was never going to pay well over the retail. I was able to purchase from Rolex ADs an OP41 blue dial late last year, and recently an Explorer II black dial. Although still not easy to buy at retail due to limited supply from the crown, it seems the flippers and speculators have dried up a bit. At least that’s according to the Rolex AD I was dealing with. That’s great for all us true watch enthusiasts 😊
We live in "interesting times." I'm waiting to see what will happen to these prices in the 3rd and 4th quarters of this year. I have a feeling these declines are only the beginning. Thanks, Jenni.
Absolutely. Between SVB , our current administration policies, interest rates, just like the used car market ( Carvana), the watch market will collapse too.
Yup I reckon some Rolex models will no longer command a premium above retail price next year. Some that are currently 80%-100% above retail won't see that kind of premium next year. High inflation, high interest rates, cost of living squeeze all over the world have people thinking twice about their discretionary spending.
looks like the bubble had finally burst, and the fad is long gone. oh boy, those ADs are going to regret treating us long time collectors so poorly and disrespectfully throughout the hype period. the table had turned, and we shall fully leverage it in our favor.
@@bdegrds yes amongst the collector's community. when non-collectors and first time buyers all started to crowd in, that marked the beginning of the fad era, which is now over, and only the long time collectors remain when the dust settled.
@@Doggo-frenctonbut it’s their product. Their control how they are sold and distributed. It doesn’t matter though because demand > supply. They can spread the watches out as much as possible or treat their best customers. It makes sense what they do, it’s just unfortunate
I TOLD PEOPLE SO! These watch pundits, "Watch prices are just going to keep going up, it's a better investment than real estate," annoyed the hell out of me 💀
I think the dream would be for secondary market prices to be the same as RRP. That would stop the flippers but still allow you to get out of the watch for what you paid for it (whether you bought it used or new)
Yeah it's happening. A lot of grey dealers are losing money on flipped watches they paid well above MSRP in the last few years but are now struggling to find buyers. I visited a few grey dealers and noticed they have more Rolexes ro sell than usual. They also have 3 or 4 of the same model. This just explains that they were hoarding them. Now they are panic selling before the price drops even lower than MSRP. .
@@oysterman962 Anyone (grey dealers or greedy punters) who purchased at a high will be loosing money (if they sell ) at a lower point. What is it about this that you find complicated or confusing? It’s all part of the job for a trader/speculator. If grey dealers actually hold stock for three years then they can afford to hold for three more 😉
Hey Jenni, the Explorer 16570 polar shown has the wrong handset (polished steel for the black dial, glossy black handset for the white dial). Just worth pointing out if it sold by Chronext.
Love your videos. I’ve been wanting a white Explorer II, but not worth what they have been asking recently. I’ll start watching the prices. Thanks for this info. Subscribed to your newsletter!
Here in the States that piece (my grail too) is still looking at $3k to 4 above MSRP. I did recently exchange emails with my AD; maybe I’ll get the call someday.
216570 is the previous generation explorer 2, the current generation is 226570. I would not say that the 216570 is selling under retail, as it had been discontinued.
but what exp 2 are we talking about? the 226570 goes above retail on grey market, if you are talking about 216570, its still above retail considering it was around 7-8k retail before it was discontinued.
Looking for a Rootbeer GMT 2 but you have convinced me to continue the waiting game. Minus Chrono 24 fees flippers are now making nothing which is great news.
Grey market dealers have always made money so why is it any different now? Sure if they hold onto stock they bought high it will be an issue, but generally it’s all good if things calm down.
Sad fcukers who are not buying anything will dance and laugh, lots on lists will pull out because all they wanted was a profit…and the rest of us will go back to getting an Omega ‘Killer’ after a short wait 😂
You're rolex explorer II data is incorrect. the current model 226570 retail maybe 8,500 but the used watch shown is the previous model 216570. please can you change this?
evening update: I watched 15 Sunday noon auctions and 37 evening. All 52 failed to reach the reserve. All the "investors" trying to imitate scalpers flexing their big shoot deals on RUclips must feel quite silly now. Normally I don't enjoy seeing people lose money but loosing on bad Rolex investments is such a first world personal tragedy.
I recently purchased an AP RO 15300st from an owner who had to lose 20k in order to sell the watch. So… yeah, I can definitely see more price drops for overhyped brands and models. Rolex AD’s mistreatments and manipulative methods have led many real enthusiasts turning their attention to other high horology brands that offer more value for the money (GP, JLC, Blancpain, Moser, Bulgari, GS, etc)
I have just recently received GMT Master II BLRO. Unbelievably, 3 days later another AD has just given me the call for a Submariner. Talk about waiting for bus and 2 arriving at the same time!
People buy Rolex because they think other people like Rolex. People got caught up in the 'prestige' advertising and sellers hype, and followed each other down the hole, too shy to admit they didn't know what they really thought about the design looks and the innards.
my grail watch on my lists are Daydate 36 Tricolor (18038) , Datejust Oysterquartz Texano (ref.5100) and a Godzilla Grand Seiko…. someday perhaps… i’ve just enherited a Daydate 36mm with bark finish bezel n bracelett in white gold from my dad… my fave watch so far
I was waiting for my watch and not in hurry while saving my money. And without any purchase history, I wasn't expecting my watch at all. 11 months into the year,I got a call and picked up my new Rolex datejust watch !!!!
I think the TT Explorer I is a real sleeper. They are not very popular, but so was the Kermit. I also think it won’t be a very long running watch and gets discontinued relatively quick. So get one while you can at retail.
I for one also questioned , actually suspended my watch purchases cause of the crazy pricing , I’m glad prices are coming back to normal pricing . Have pretty much stopped looking at Rolex PP and the like cause of pricing . Never will I buy above SRP
The one and only of the five watches that might be of interest to the majority of Rolex enthusiasts is the Explorer II. Precious metal or two-tone watches are more for a rather small group of people.
I think the general trend is that only the really unusual Rolex models and some of the true heavy hitter releases will remain above retail. When I say "heavy hitters" I mean the models that Rolex produce very sparingly i.e. you basically have to be invited to buy one. I can see the vast majority of the Rolex catalogue either trading at retail or slightly below, as the supply chain issues resolve themselves and availability improves. Yes, Rolex and other luxury brands will still remain an "asset", but most Rolex releases will stop being an investment asset class. Some will argue that there has simply been a "correction" to the Rolex market and that many releases are still trading well over retail. However, the fact is that the market has at best flat-lined or worst shows a downward trajectory. Sure you could wait it out and see, but there are much better growth markets to park your hard earned cash in at the moment.
I recently bought the Citizen CA0710-58L and I find it to be a beautiful all occasion watch, it has all the usual likes and dislikes of the brand but I do think that it stands out and from a distance it might even be mistaken for a Rolex. It deserves a close look
i also speculate a seadweller 126600 43mm will soon come down below retail as well. My Ad SA, who has been extremely cautious, even snobby, when i was following up on my list, actually made it sound like I MAY have a chance of getting a seadweller in less than 6 month (normally i noticed this particular person does not quote any lead time at all), if I ask to be put on the list. They are great watches, but sadly, unless you are big wristed enough to only rock panerais, they clash too much with a submariner (esp. with that cyclops lens)
Yet every watch channel is saying they are selling more, prices are up and that its never been better in the market. Gotta be a clown to believe any of them.
the white gold sub with blue bezel and the white gold GMT II with blue dial, were offered to me recently from my AD......i never even expressed interest in those models. yes, the market has somewhat corrected
I'm looking to buy both the Polar Explorer 2 and 36mm steel Explorer. Hoping for success with the AD (had some good deals in the past) but grey prices are coming within reach. If they get to +10% I'll buy. Those prices are just a Rolex price rise away
It is a race to the bottom now! The real question is "how flippable" is a given model? At this point, only the steel GMTs, Skys, Subs, and Daytona's can be quickly and easily flipped for a guaranteed profit - everything else is a wash so prices will drop and inventory will go back up. However, the ADs are smart, they are still holding inventory of nearly ALL models to try and keep the facade of unattainability going...
Went to my AD around December looking for a Pepsi. Got offered a two tone Sub with a black dial on Wednesday. Turned it down because it's not the watch I was looking for.
I see all this talk of falling Rolex prices since last year, but I honestly haven't seen it... Prices are still ridiculously inflated in Australia and Japan.
Unlikely on hot models and discontinued collector editions. Rolex will adjust production down if need be. You will see demand drop off in recession hit countries but I don't think it will ever be enough to see something like a Daytona Steel fall much.
I'm delighted by the idea of Rolex prices dropping: speculation on the grey market has ruined many people's attempts to buy one from an AD because the AD will 'value the relationship' they have with their regular flippers. It artificially pumps the price and produces scarcity where none need exist. I wanted a Sub since it's considered such an iconic diver's watch for actually, y'know, diving but ended up grabbing an equally iconic Doxa instead because, horror of horrors, you can actually just buy one from a dealer like a rational being.
Managed to get a pre-owned Aug 2021 Submariner 124060 (with box & papers from a legit 2nd hand shop in my city) around USD2,000 above retail. I am happy. Hopefully I would be able to get my hands on another model later this year
Bought a Datejust for 15. Bout 5000 over retail, I probably could have saved money if I waited.. Then again it has the same date my son was born and that's priceless to me.
Great video. Interesting that things have deteriorated to that extent in GER. Not so here in the US; my grail Explorer II polar still has asking prices 25-50% over retail. If anything there’s been a bit of a bounce.
You don't have to hold your breath on this one as with the collapse of SVB (Silicon Valley Bank), the contagion will spread sooner than anyone could imagine.
@@romanmichaelhamilton8729 could get nasty. Although just saw bitcoin is rallying; some of the funding from crypto fueled the last run up. Going to be interesting.
It appears it’s a dreamers’ site - prices dreaming of finding a Simp w more $$$ than brains. Any suggestions for sites for the US with more accurate pricing?
Been on a waiting list for an explorer 2 for over a year now. Whereas before, I'd have rushed off to the AD like a shot, I'm now seeing watches at close to or at retail on the grey market.
Loved your video - I for one purchased an Explorer two-tone above retail price because I really wanted the Explorer II Polar dial for my 50th Bday but was on the list. I paid $14k USD for it. I like it but I don’t love it…then this January I got the call from my AD for my EXP2, paid retail for it & I love i!! I think having access to more inventory at retail pricing for us mortals is what we are all hoping for!! Cheers!!🎉
Buying any replaceable asset above current MSRP is madness. It has nothing to do with grey or Rolex - it has to do with impatient people with more money than sense. You can buy a (regular) Rolex at MSRP - you just have to wait - a pretty "first-world" problem. Limited or not easily replaceable assets can appreciate, which is why there are special editions when you like to do it differently (but you can't wear them - that devalues them). Some people made a ton in this silliness, but at the direct expense of those on the downside - this isn't business, it's just a transfer of wealth from the silly to the wise.
I don’t think we’ve reached to bottom yet. When people realise they aren’t going to walk out of the AD door with a watch worth more than they paid for then thing really will fall apart. Other brand’s are making more interesting stuff too without the baggage with wearing a Rolex
Excellent review. The world financial markets are having dreadful jitters tonight and it will continue this week after a large bank in California, USA was shut down this past Friday, I see further price declines coming.
Expensive watches are a luxury and certainly not necessary. To pay above retail doesn’t make sense especially when there are great alternatives at better prices.
It’s also due to multiple retail price increases from Rolex over the past 24 months, which also helped close the gap to resell prices. I wouldn’t surprise me if the lower range of the ones available on the market are those before 2021 or earlier. But it is good that the speculators are fading out of the market, so enthusiasts can get their hands on what they like for reasonable prices.
Jenni, great video as always. With the world economy headed south we may see more move below retail for Rolex watches and perhaps other luxury products.
You are refering to the explorer 2 126570 and saying something about the retail price, there is no retail price for this watch, because the watch you are refering to, is the older model. The watch which retails at the AD is the reference 226570 (new movement). Therefore, it's a different watch, so please compare apples with apples..
I was at a Rolex dealer in Vegas a month ago, they had four salesmen standing around and they told me that they had nothing for sale...really, I was wearing my Rolex so its not like I'm not a member of the club? The Panerai dealer next door had plenty of watches for sale and the salesmen was super cool! Rolex what are you doing?
Great insight. However I think this is only happening in Europe…I don’t see that in Singapore yet unfortunately. I really hope what you said will be here too 😅
Good spot! The Rolex Daytona "John Mayer" 116508 is now discontinued. Based on your forecast, price is soon dropping to 25K USD... Jenni with and i but without an eye 🙂
After how the AD’s have treated people for the last 5 years. I’ll buy a new Rolex when the AD begs me. Otherwise I’ll enjoy my Omegas and their excellent customer service!
I don't know why these youtubers are claiming that Rolex is falling in value and is available when I went to Dubai recently i asked 4 different ads plus also the dutyfree store. None of the silver watches were available for booking as well. The only ones they were willing to sell were dualtone datejusts. I checked online on chrono24 and they were all double the price. So the situation is the same as it has always been. If the prices have gone down then it's just by a small margin. I dont know who to trust for more information regarding this brand. Lucky to get a Batman gmt on retail last year from my local ad in Delhi. Keep your fingers crossed.
If you haven't already, you should subscribe to my newsletter: jenni-elle.com
hey Jenni, I can't see the option to subscribe to the newsletter; is it only available in certain countries?
Yea i also cannot see the subscribe option :/
Hey Jenni 👋🏼I can't see an option to subscribe either.
I commented on your video and got spammed 🤔
Even if I could Afford whatever watch I wanted, There isn't a watch made that is worth the OUTRAGEOUS prices they ask. Not unlike these people that buy apple products, way overpriced for what they are... It's a Phone, just like that item on your wrist, it's a watch, and the $10 watch or the $200 phone are going to do exactly what they are bought for. BRAGGING RIGHTS that is all it is.
Jenni Jenni!! I’ve been DYING to make a similar video! But WHATS THE POINT?! Because you nailed it and you are absolutely right. Get your names on the waiting lists! Watches are becoming more available and lists are opening up again! 💕💕
How do you feel? Is it at least a bit better???
Hey Britt, hope you’re feeling a little better, sorry to hear about your accident
Make your video anyway, Britt. You still have your unique perspective we'd like to hear.
@@AFK-47x Hard to make with her broken jaw.
@@markreynolds9135 that goes without saying, Mark. Obviously, it was implied when Britt feels up to it. Your comment is as pointless as pointing out that Britt can't run a marathon until she heals a broken leg, for example.
Was finally able to purchase my submarine date at retail in March of 2022. I refused to purchase aftermarket at those crazy prices. I waited 2.5 years for it but I’m sure glad I did.
It’s still crazy you had to wait 2.5 years
Meanwhile in 2.5 years the retail is as high as 2.5 years ago on the grey 😅 so what have you gained
@@vadimdon i do not recall 126610ln's grey price ever dipping below 11000 usd (current msrp plus my local sales tax) on the grey, though at the time of launch of 126610ln, 116610ln (around 8-9k new in 2018) was 11 to 13k, beaten down naked 16610ln (around 5k new in 2005 or so) being around 9-10k. Only reason i remember this price relatively thoroughly is because I actually got my 126610ln at AD 2.5 years or so, with one month wait, but seriously considered going grey during that time (and did with a different rolex during the wait). fyi the out the door price for 126610ln was 10k in 2021, and the delta between each generation of subs are very noticeable (116610ln and 16610ln), so i say waiting did pay off.
Getting mine tomorrow from AD. 2.5 years wait too.
Without even needed to purchase another 2 watches?
Nice to see prices getting back to around retail (in some cases). Subscribed to your newsletter! Thanks for the wallpaper too.
I knew the bubble had burst last summer. When I was in Turkey, they had every model for £120.
I visited my AD today and was told wait lists for Explorer II are still 2 years. Put my name down for the black dial model and see how long that takes. My last purchase (mint green Datejust) it took only 2 weeks for me to get the call - I definitely didn't expect that!
Where is that AD located? I went to my AD here to get on the list for a GMT (I already bought a steel Explorer I from them. They took 6 months for the call) and they had an Explorer II available. Thinking like in the old days, I took it without thinking… maybe that was not the best idea moneywise, after seeing this vid ;(
@@robertofresard134 my AD is in Bristol, UK. I've also had an AirKing on order for 9 months - sounds like they have a longer wait list for the steel models.
I'm waiting for the mint green Datejust for 8 months now. They said the average wait time for a steel DJ is 1 year and 6 months for TT. I have a pretty good history with the AD...
I’m happy to see the Rolex grey market pricing adjust down. I was never going to pay well over the retail. I was able to purchase from Rolex ADs an OP41 blue dial late last year, and recently an Explorer II black dial. Although still not easy to buy at retail due to limited supply from the crown, it seems the flippers and speculators have dried up a bit. At least that’s according to the Rolex AD I was dealing with. That’s great for all us true watch enthusiasts 😊
@@otto9468 I was waiting for the mint green DJ41 fluted jubilee around 2 months
We live in "interesting times." I'm waiting to see what will happen to these prices in the 3rd and 4th quarters of this year. I have a feeling these declines are only the beginning. Thanks, Jenni.
Same. I suspect they will continue for a while.
Absolutely. Between SVB , our current administration policies, interest rates, just like the used car market ( Carvana), the watch market will collapse too.
It's happening all over the world!
Yup I reckon some Rolex models will no longer command a premium above retail price next year. Some that are currently 80%-100% above retail won't see that kind of premium next year. High inflation, high interest rates, cost of living squeeze all over the world have people thinking twice about their discretionary spending.
Me too sir. The collapse of the Dollar and Banks will be in full swing...
looks like the bubble had finally burst, and the fad is long gone. oh boy, those ADs are going to regret treating us long time collectors so poorly and disrespectfully throughout the hype period. the table had turned, and we shall fully leverage it in our favor.
Fad? Rolex has been the most sought after watch brand for better part of a century
@@bdegrds yes amongst the collector's community. when non-collectors and first time buyers all started to crowd in, that marked the beginning of the fad era, which is now over, and only the long time collectors remain when the dust settled.
I know many a collector who has vouched to never buy a new Rolex. The way they treat potential customers is extremely off putting.
@@HRM.H Rolex doesn’t sell to the end user so you can’t fault the company for that. Blame it on the individual dealers that mistreat their customers
@@Doggo-frenctonbut it’s their product. Their control how they are sold and distributed. It doesn’t matter though because demand > supply. They can spread the watches out as much as possible or treat their best customers. It makes sense what they do, it’s just unfortunate
I TOLD PEOPLE SO! These watch pundits, "Watch prices are just going to keep going up, it's a better investment than real estate," annoyed the hell out of me 💀
Everything is down. Real estate, stocks etc. Watches on the whole are doing well relatively
Anyone with a grain of intelligence saw this coming.
I think the dream would be for secondary market prices to be the same as RRP. That would stop the flippers but still allow you to get out of the watch for what you paid for it (whether you bought it used or new)
Congratulations
You won a gift on my giveaway Telegram only 🎁🎁🎁 👆
Yeah it's happening. A lot of grey dealers are losing money on flipped watches they paid well above MSRP in the last few years but are now struggling to find buyers. I visited a few grey dealers and noticed they have more Rolexes ro sell than usual. They also have 3 or 4 of the same model. This just explains that they were hoarding them. Now they are panic selling before the price drops even lower than MSRP.
.
As long as watches are available at the official store, why would folks buy a used Rolex for the price of a new one?
@@oysterman962 Anyone (grey dealers or greedy punters) who purchased at a high will be loosing money (if they sell ) at a lower point.
What is it about this that you find complicated or confusing?
It’s all part of the job for a trader/speculator.
If grey dealers actually hold stock for three years then they can afford to hold for three more 😉
@@oysterman962 Which watch/es did you buy when you visited all those grey dealers?
Guess you got a good deal?
Hey Jenni, the Explorer 16570 polar shown has the wrong handset (polished steel for the black dial, glossy black handset for the white dial).
Just worth pointing out if it sold by Chronext.
Someone swapped the dial indeed
Good eyes. I thought something looked different about that watch.
Hi. Which website you use to browse all those watches. Can you share the link please. Thanks.
I was able to get the 124060 at an AD with no history. Times have changed. Good video Jenni!
Thanks for the helpful update as usual, Jenni. What about the “lower end” models such as the Oyster Perpetual and Datejust 31?
I am looking to buy a Datejust for my daughter’s graduation. They are always sold out at the Rolex boutique.
@@mocheen4837 I know… I had given my wishlist to my AD for a year now and am still waiting 😞
Hey Jenni, do you think the waiting time for Patek is going to decrease as well?? Still waiting for my 5712..
Hi Jenni, what website are you using in 20 sec?
Love your videos. I’ve been wanting a white Explorer II, but not worth what they have been asking recently. I’ll start watching the prices. Thanks for this info. Subscribed to your newsletter!
Here in the States that piece (my grail too) is still looking at $3k to 4 above MSRP. I did recently exchange emails with my AD; maybe I’ll get the call someday.
What's that website you used to see the rolex price tracker?
216570 is the previous generation explorer 2, the current generation is 226570. I would not say that the 216570 is selling under retail, as it had been discontinued.
You can't compare prices for Rolex Explorer II from 2017 with one from 2021/2022 for example. "different watches" and longer guarantee time left
How long is the waiting line for an Explorer I? Does anyone know?
but what exp 2 are we talking about? the 226570 goes above retail on grey market, if you are talking about 216570, its still above retail considering it was around 7-8k retail before it was discontinued.
Hello,
Where can we find that graph with the price evolution please?
What’s the website that she used that had the chart for each watch?
Add the Air King and Milgauss to that list too! Plus the steel Datejust and Oyster Perpetuals!
…black MG not Z-Blue.
Looking for a Rootbeer GMT 2 but you have convinced me to continue the waiting game. Minus Chrono 24 fees flippers are now making nothing which is great news.
Grey market dealers have always made money so why is it any different now?
Sure if they hold onto stock they bought high it will be an issue, but generally it’s all good if things calm down.
Sad fcukers who are not buying anything will dance and laugh, lots on lists will pull out because all they wanted was a profit…and the rest of us will go back to getting an Omega ‘Killer’ after a short wait 😂
I bought my GMT Master Rooter half gold at Grey Market. Paid 20% above retail for a Brand new Dated in March.
@@pilot777300ER I just watched GMG’s video about a £120,000 fake Patek Philippe.
It just reinforces my attitude about only buying from an AD.
@@alfieakaronaldog I took it to ROLEX for verification!! paid them another 200$
You're rolex explorer II data is incorrect. the current model 226570 retail maybe 8,500 but the used watch shown is the previous model 216570. please can you change this?
Today on Catawiki I saw 30+ Rolexes fail to meet reserve and did not see any sold. Feels like a bank run on Rolex.
evening update: I watched 15 Sunday noon auctions and 37 evening. All 52 failed to reach the reserve. All the "investors" trying to imitate scalpers flexing their big shoot deals on RUclips must feel quite silly now. Normally I don't enjoy seeing people lose money but loosing on bad Rolex investments is such a first world personal tragedy.
where can you find a 2 tone rolex under msrp or at msrp? every grey market website i find is always higher.
I don't think the 216570 is sold retail by Rolex. It has been replaced by 226570
I recently purchased an AP RO 15300st from an owner who had to lose 20k in order to sell the watch. So… yeah, I can definitely see more price drops for overhyped brands and models.
Rolex AD’s mistreatments and manipulative methods have led many real enthusiasts turning their attention to other high horology brands that offer more value for the money (GP, JLC, Blancpain, Moser, Bulgari, GS, etc)
none the brands you mentioned doesn't have the watch to compete against any Rolex model
And Omega of course !
I have just recently received GMT Master II BLRO. Unbelievably, 3 days later another AD has just given me the call for a Submariner. Talk about waiting for bus and 2 arriving at the same time!
Wow, those discounts make luxury affordable! 🙌👏
What about the 14060M 2006-2011 models?
Curious - does this correlate with ADs having more inventory?
People buy Rolex because they think other people like Rolex. People got caught up in the 'prestige' advertising and sellers hype, and followed each other down the hole, too shy to admit they didn't know what they really thought about the design looks and the innards.
Love your content in general but this video is a really timely and helpful. Thanks!
my grail watch on my lists are Daydate 36 Tricolor (18038) , Datejust Oysterquartz Texano (ref.5100) and a Godzilla Grand Seiko…. someday perhaps… i’ve just enherited a Daydate 36mm with bark finish bezel n bracelett in white gold from my dad… my fave watch so far
Does anyone know of a course for around 200 that will teach me to buy Rolex at retail?
I’d add the white gold Sub and both SD43 models to your list…
I was waiting for my watch and not in hurry while saving my money. And without any purchase history, I wasn't expecting my watch at all. 11 months into the year,I got a call and picked up my new Rolex datejust watch !!!!
I think the TT Explorer I is a real sleeper. They are not very popular, but so was the Kermit. I also think it won’t be a very long running watch and gets discontinued relatively quick. So get one while you can at retail.
Hi Jenni,
Great video again. How much for the yacht master 37 currently? Also can we expect them to go below retail?
I haven’t seen a bluesy for under retail yet. In the US btw, new or pre owned.
Rolex dealer and also Kei😂 Who is even charging people on how to get Rolex at retail!! Please let him watch this Jennie❤
I for one also questioned , actually suspended my watch purchases cause of the crazy pricing , I’m glad prices are coming back to normal pricing . Have pretty much stopped looking at Rolex PP and the like cause of pricing . Never will I buy above SRP
Specially one still in production
The one and only of the five watches that might be of interest to the majority of Rolex enthusiasts is the Explorer II. Precious metal or two-tone watches are more for a rather small group of people.
Good to know. I’m a watch collector that couldn’t part with any of my watches or pay more than the ADs price. Thanks
Part one f the story here has to be that the retail prices have gone up more than 10% over the last year to help close the gap with grey market prices
Have you ever heard of inflation...? Literally 95% of all watchbrands have increased their prices, even microbrands.
I think the general trend is that only the really unusual Rolex models and some of the true heavy hitter releases will remain above retail. When I say "heavy hitters" I mean the models that Rolex produce very sparingly i.e. you basically have to be invited to buy one. I can see the vast majority of the Rolex catalogue either trading at retail or slightly below, as the supply chain issues resolve themselves and availability improves. Yes, Rolex and other luxury brands will still remain an "asset", but most Rolex releases will stop being an investment asset class. Some will argue that there has simply been a "correction" to the Rolex market and that many releases are still trading well over retail. However, the fact is that the market has at best flat-lined or worst shows a downward trajectory. Sure you could wait it out and see, but there are much better growth markets to park your hard earned cash in at the moment.
I recently bought the Citizen CA0710-58L and I find it to be a beautiful all occasion watch, it has all the usual likes and dislikes of the brand but I do think that it stands out and from a distance it might even be mistaken for a Rolex. It deserves a close look
Are you joking??😂
I think this is across the board. I'm already seeing flippers coming unstuck and having to sell at below retail. Good riddance to them
Yup, this has been happening for months (nearly half a year) now...
Chrono24 is asking prices not sold prices no? So actual prices are lower than this typically?
Yup. Sold prices are not listed unless its a auction. Assume -10%
Make lowball offers politely. See what happens.
i also speculate a seadweller 126600 43mm will soon come down below retail as well. My Ad SA, who has been extremely cautious, even snobby, when i was following up on my list, actually made it sound like I MAY have a chance of getting a seadweller in less than 6 month (normally i noticed this particular person does not quote any lead time at all), if I ask to be put on the list. They are great watches, but sadly, unless you are big wristed enough to only rock panerais, they clash too much with a submariner (esp. with that cyclops lens)
Yet every watch channel is saying they are selling more, prices are up and that its never been better in the market. Gotta be a clown to believe any of them.
Thoughts on YM 40 everose on oysterflex? Really want that one but only at retail
Do you recommend a website that I can't buy or sell watches ?
the white gold sub with blue bezel and the white gold GMT II with blue dial, were offered to me recently from my AD......i never even expressed interest in those models. yes, the market has somewhat corrected
I'm looking to buy both the Polar Explorer 2 and 36mm steel Explorer. Hoping for success with the AD (had some good deals in the past) but grey prices are coming within reach. If they get to +10% I'll buy. Those prices are just a Rolex price rise away
Hmm...most Rolex can be available in grey market at 10-30% above retail...but now it is still impossible to buy Rolex at price below retail (not yet.)
Don't see the prices mentioned in this video for two tone Explorer (NL market) on Chronnext
One is sitting on C24 in NL for 11k Euro. They are in DK, BE, IT, DE, FR for retail and below as well.
It is a race to the bottom now! The real question is "how flippable" is a given model? At this point, only the steel GMTs, Skys, Subs, and Daytona's can be quickly and easily flipped for a guaranteed profit - everything else is a wash so prices will drop and inventory will go back up. However, the ADs are smart, they are still holding inventory of nearly ALL models to try and keep the facade of unattainability going...
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Luckily Rolex has expectations regarding the AD’s moving inventory. So, AD’s can’t keep this facade for ever…
Went to my AD around December looking for a Pepsi. Got offered a two tone Sub with a black dial on Wednesday. Turned it down because it's not the watch I was looking for.
I see all this talk of falling Rolex prices since last year, but I honestly haven't seen it... Prices are still ridiculously inflated in Australia and Japan.
Unlikely on hot models and discontinued collector editions. Rolex will adjust production down if need be. You will see demand drop off in recession hit countries but I don't think it will ever be enough to see something like a Daytona Steel fall much.
I'm delighted by the idea of Rolex prices dropping: speculation on the grey market has ruined many people's attempts to buy one from an AD because the AD will 'value the relationship' they have with their regular flippers. It artificially pumps the price and produces scarcity where none need exist. I wanted a Sub since it's considered such an iconic diver's watch for actually, y'know, diving but ended up grabbing an equally iconic Doxa instead because, horror of horrors, you can actually just buy one from a dealer like a rational being.
I recently picked up DJ41 Wimbledon jubilee fluted Steel white gold at retail. Things are improving which is good for us
Don't you just love the way Jenni says 'Rolex'?
Managed to get a pre-owned Aug 2021 Submariner 124060 (with box & papers from a legit 2nd hand shop in my city) around USD2,000 above retail. I am happy. Hopefully I would be able to get my hands on another model later this year
Lmao leave it up to rolex fanboys to be glad to pay over retail..
@@HRM.H Yeah man, we ain't special. Unlike you with special needs.
Bought a Datejust for 15. Bout 5000 over retail, I probably could have saved money if I waited..
Then again it has the same date my son was born and that's priceless to me.
Only catch is grey market sellers are still too high, since they probably slightly overpaid to acquire them.
Does this mean when my daydate comes in I should ask for a discount?
Great video. Interesting that things have deteriorated to that extent in GER. Not so here in the US; my grail Explorer II polar still has asking prices 25-50% over retail. If anything there’s been a bit of a bounce.
You don't have to hold your breath on this one as with the collapse of SVB (Silicon Valley Bank), the contagion will spread sooner than anyone could imagine.
@@romanmichaelhamilton8729 could get nasty. Although just saw bitcoin is rallying; some of the funding from crypto fueled the last run up. Going to be interesting.
50%..? Absolutely not…. Polar are moving on public Moda for around 11,5k USUW
Chrono24 price charts aren’t a reflection of the general market. Their asking prices are much higher and their inventory barely moves
It appears it’s a dreamers’ site - prices dreaming of finding a Simp w more $$$ than brains.
Any suggestions for sites for the US with more accurate pricing?
Been on a waiting list for an explorer 2 for over a year now. Whereas before, I'd have rushed off to the AD like a shot, I'm now seeing watches at close to or at retail on the grey market.
Loved your video - I for one purchased an Explorer two-tone above retail price because I really wanted the Explorer II Polar dial for my 50th Bday but was on the list. I paid $14k USD for it. I like it but I don’t love it…then this January I got the call from my AD for my EXP2, paid retail for it & I love i!! I think having access to more inventory at retail pricing for us mortals is what we are all hoping for!! Cheers!!🎉
Buying any replaceable asset above current MSRP is madness. It has nothing to do with grey or Rolex - it has to do with impatient people with more money than sense. You can buy a (regular) Rolex at MSRP - you just have to wait - a pretty "first-world" problem. Limited or not easily replaceable assets can appreciate, which is why there are special editions when you like to do it differently (but you can't wear them - that devalues them). Some people made a ton in this silliness, but at the direct expense of those on the downside - this isn't business, it's just a transfer of wealth from the silly to the wise.
I don’t think we’ve reached to bottom yet. When people realise they aren’t going to walk out of the AD door with a watch worth more than they paid for then thing really will fall apart. Other brand’s are making more interesting stuff too without the baggage with wearing a Rolex
You are great as usual.
Just subscribed also to yours newsletter.
With respect and love
Nizar
Went with Omega.
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Good to know. Hope to see the sea dweller prices corrected as well.
Steel SD43 in US is not much above AD price right?
Great news Jenni will be getting the explorer ll white dial I have promised myself give it another 6 months. Excellent video.
Excellent review. The world financial markets are having dreadful jitters tonight and it will continue this week after a large bank in California, USA was shut down this past Friday, I see further price declines coming.
Wolex is still difficult to buy from the AD....
Love the Explorer in white
Expensive watches are a luxury and certainly not necessary. To pay above retail doesn’t make sense especially when there are great alternatives at better prices.
It’s also due to multiple retail price increases from Rolex over the past 24 months, which also helped close the gap to resell prices.
I wouldn’t surprise me if the lower range of the ones available on the market are those before 2021 or earlier.
But it is good that the speculators are fading out of the market, so enthusiasts can get their hands on what they like for reasonable prices.
Jenni, great video as always. With the world economy headed south we may see more move below retail for Rolex watches and perhaps other luxury products.
your not picking up a current reference explorer 2 for 1k under retail.
Fantastic video, congratulatio s, BUT:
why are you weariing some kind of blackfriar ghost vest????
It,s Spring now, come on!
You are refering to the explorer 2 126570 and saying something about the retail price, there is no retail price for this watch, because the watch you are refering to, is the older model. The watch which retails at the AD is the reference 226570 (new movement). Therefore, it's a different watch, so please compare apples with apples..
I was at a Rolex dealer in Vegas a month ago, they had four salesmen standing around and they told me that they had nothing for sale...really, I was wearing my Rolex so its not like I'm not a member of the club? The Panerai dealer next door had plenty of watches for sale and the salesmen was super cool! Rolex what are you doing?
Great vid! Can you do the same but nonRolex. Maybe do Patek, Breguet, IWC, and ALS
Thank you for the fantastic advice
What is a fair price for a 2023 new black submariner ?
I think we’ll start seeing more limited runs as well as buy back to retain and bolster brand value through authorised preowned
Great insight. However I think this is only happening in Europe…I don’t see that in Singapore yet unfortunately. I really hope what you said will be here too 😅
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Some Rolex models are back to retail/slightly below retail. Nature is healing!
Good spot! The Rolex Daytona "John Mayer" 116508 is now discontinued. Based on your forecast, price is soon dropping to 25K USD... Jenni with and i but without an eye 🙂
After how the AD’s have treated people for the last 5 years. I’ll buy a new Rolex when the AD begs me. Otherwise I’ll enjoy my Omegas and their excellent customer service!
They can beg all they want but Schaap & Citroen can stick their Rolexes where the sun doesn't shine.
I went into 3 AD’s after your video and Told them I want to buy a Rolex for under MSRP they told me to get the hell out of here
She never said that.
🤣🤣🤣🤣😂
I don't know why these youtubers are claiming that Rolex is falling in value and is available when I went to Dubai recently i asked 4 different ads plus also the dutyfree store. None of the silver watches were available for booking as well. The only ones they were willing to sell were dualtone datejusts. I checked online on chrono24 and they were all double the price. So the situation is the same as it has always been. If the prices have gone down then it's just by a small margin. I dont know who to trust for more information regarding this brand. Lucky to get a Batman gmt on retail last year from my local ad in Delhi. Keep your fingers crossed.