Follow Up - The Rolex Market Integrity Is On A DOWNFALL!!
HTML-код
- Опубликовано: 12 сен 2024
- Here is my follow up video on my take on the current state of the watch market, Where I also answer the viewers questions.
Previous Video: • The Rolex Market Integ...
Follow me:
Watch Collectors Instagram: / watchcollectorsuk
My Instagram: / mr.khalil08
Visit WatchCollectors.co.uk :
Website: www.watchcollec...
eBay: stores.ebay.com...
Chrono24: www.chrono24.co...
Follow Watch Collectors:
Facebook: / watchcollectorsuk
Instagram: / watchcollectorsuk
Well, if someone is willing to pay 250k for a watch worth 45k, that’s just f*** loco.
Solid and very informative video David...there's not enough of this type of content on YT, hats off mate👍👍
Glad to hear you talking watches and not politics.
Cheers D - Always true to your word. Back in the early days b4 the flex culture it was always buy what u like and not for investment...still ringing true for the OG collectors...Thx for sharing!
Watches are as much an investment as buying a racehorse. Both are surely speculation. How much income do your watch "investments" regularly pay as that is the usual definition of a financial investment so as to price. Possibly a "store of value" is more relevant than "investment".
Great to see a video from you David! You are looking very well!
thank you. I hope you are keeping well.
Your a very knowledgeable man and a expert in your field. Best commonsense upload in a long time in this genre.
Thank you
6 times retail doesn’t sound like a good investment at all
Nor is any watch over the manufacturers recommended price or anything already hyped. Once hyped, the game is up.
watches are not an investment to begin with
@@hlee2 Your seiko isn't, but when you are spending 25, 50, 100k+ it sure is an investment. There are better investments out there, but make no doubt it is an investment
@@MTbone7 your comment just proved my point
@@hlee2 agreed
Two Rolexes standout to be honest the OP Tiffany and the Panda Daytona the grey market exacerbated it and still do to this day.
Pepsi jubilee also. Still double retail “in a dead market” 🙄
This was great. I typically would say just ignore the comments - but you handled it so well. Those who leave comments like that (in any industry) clearly don’t understand a marketplace.
Great thoughtful vid as always. Thanks DK, always appreciate hearing your insights.
Finally someone said exactly what I knew was going to happen. Flipping drove prices up. And nobody was keeping the watches, which led to the market being flooded with watches and rare models started to become not so rare and prices dropped
Agreed - No different to a lot of markets (e.g. bitcoin) where everyone piles in, prices go skywards then they drop. All markets are up and down and are unpredictable due to time, trends, world events etc.
Price is not the program, it’s only demand dropping recently
David thank you for mentioning my comment, I agree that dealers showing there high spend lifestyles doesn’t ring true. I’m not in the “watch business” but I am in “business” & I’ve come across many people over the years who I just call them trumpet blowers who want to shout at you how well they are doing but whose lifestyles are all based on someone else’s money, I also value professionalism & watching “ Jack the lad dealers” thinking they are tycoon businessmen annoys me.
Keep up the great videos I believe your content is based from a sensible business perspective & I appreciate that.
You mean like Nico Leonard???
One comment on the Rolex LeMans---- its nothing special. Rolex may very well make a steel Daytona with a transparent case-back in a year or two. Look at the price of the John Mayer, its nearly back to retail.
Thank you for sharing, David! I started watching your video in 2022 and learned much from you about modern and vintage watches. Sadly, you are getting bashed for being a watch dealer. Having been in the hobby, I can understand the frustration of watch collectors, but the price of watches is not dictated by only watch dealers (it's a combination of demand and supply). Watch dealers are merely facilitating the transaction
I love your honest and mature insights. With every video I watch on this subject, I take in what I like and I leave the rest. Your experience and expertise is very valuable…thanks for sharing it! Keep up the good work. 😊
David that was interesting video especially with your replies to some of the investment experts. 😁Totally unnecessary for the few needed to name call or were aggressive with their comments.David I respect your opinion and knowledge for someone who their livelihood is buying and selling watches and has many years of expertise especially in vintage watches. God Bless David!🙏🏼
much appreciated ❤️
I beg to differ in regards to building pyramids today? I think you miss the astrological structures made in tune with the star formations and the moving of blocks weighing as much as 200 tones some are 120-180 tones. So tbh yeah rebuilding a pyramid would be a big ask even in today’s time. 🤷🏼♂️
fair comment. I think you know what i meant 😂
Very clear and informative as ever! It’s so refreshing to hear somebody in the trade talk such sense.. people questioning what is simply his opinion..! I for one agree with David on all points I have to say!
Totally agree with you….the only person on RUclips talking about watches…..who isn’t full of nonsense.
Your view is balanced and mature from someone who is confident in their industry….many other dealers could learn a lot from you.
People don’t want to see the truth about Rolex….great product but terribly hyped by the masses.
Talking of integrity issues....what do you make of 4pees new Political stance? You know him really well.
Absolutely agree…. That old Cuban guy making everyone believe the watch market is dead is fooling them while wearing expensive Rolex.
Watches are not investments , the sooner people understand this the better . Only these Grey Market dealers hyping up watch prices so they can increase their profit Margins . ADs selling direct to grey Market Dealers instead of the Public . So reap what you sow , millions of unsold watches world wide .
Grey market grey brains
Loving your work. And keep doing what you are doing - people these days would rather shout someone down than accept it is just an opinion. Not right. Not wrong. An opinion😊.
David, it is very sad that so many people wanted the get rich quick scheme and many jumped into the watch market as online dealers who had no background as a watchmaker or sales in watches experience .
The flippers were fed by the Greymarket and the Greymarket grew by leaps and bounds but were at the biggest risk since they were the real reason why the market had a reset .
They pushed up the values and also built up the margins and yet lied to people and used the internet to peddle their hyped up wares.
Only few dealers like yourself were smart and had sense to know what was going on .
People bought the hype and paid 40k for a 14k Daytona Panda or 35k for a 10k GMT master II Pepsi 126710BLRO and even buying 5711 for 400% over the retail price .
Just like you said on this video you are having to respond so some subscriber’s with their comments that are irrelevant .
Nobody has a crystal ball and anyone speculating on a watch and price based on hype and lack of availability is not being smart with money especially.
You are in my opinion one of the smartest watch dealers online and that has a brick and mortar business .
Best wishes .
thank you, I appreciate your kind words ❤️
The watch market is dead 💀
El morte
Except it's not.
Until I can walk into any Rolex AD in any major city and purchase a stainless steel GMT batman, Pepsi, Explorer 2 polar, or Starbucks submariner and walk out with it in 30 mins, the watch market is far from dead.
Don’t tell that to second hand Watch flippers😂😂😂
Lol
David, when your talking about watches you should say whether your talking about watches from an AD, or from an after market seller. All Rolex watches that are bought from the AD seem to go up over time.
I will try to clarify next time. To be fair, most watches from the AD lose good amount of value before they start picking up after. I will do a video on this subject.
One question, David: what do you think of the price of 5-digit no date subs at the moment? It seems they are a good price - between 8k and 10k USD. My thinking: yes they are very common watches, but they are so charming and popular they will go up again. What do you think and which ones to look out for?
I really like the five digits. I personally like to go for the earliest and the latest if its within affordability for you. I like late 16610 engraved rehaut but also like transitional periods like late 80s. Both have plenty of character. I much prefer them over the later maxi cases with ceramic bezels.
Why do people these days have to be so angry and cynical ? You made your case and defend it in a polite, fair and well articulated way, better than many leaders and politicians in developed countries
@watchcollectorsuk Could you give us examples of what watches that we would buy today that could be great investments in 10-15 years in your opinion? You answered to the guy who mentionned the 2024 ceramic submariner but didn't give us any examples. Woul be appreciated.
Like this kind of content and the way you answered the questions.
I really appreciate videos like this. I may not always agree with your opinion but some of the questions here are something else. Imagine smugly accusing a businessman of running a business.
4 and 5 digit Rolex remain where the smart money goes..prices have shown very steady increases and will continue to do so..unfortunately the market is full of those who just see watches as commodities and know nothing whatsoever about Horology….just an example is my 16518 which has doubled in value in the past 3 years..there are so many pieces that are better than the watches that are not available to ordinary people at their local AD.
It’s not a market crash with the watch industry but a correction
I’m surprised you’ve kept so quiet about your racist friend pensioner Paul. He’s become a disgrace of the watch community.
Very glad I found your channel, like the sophistication and value you bring. Much appreciated
Glad you enjoy it!
You gotta love David Khalil 👍
Excactly like the 5711 Tiffany that sold for 6 million then 3 now just under 2 million. Still a beautyfull return on 60k retail price
As long as anxiety, existential emptiness, and depression continue to exist, disguised in two aspects: "I am a collector" and "the watch is an investment", this has taken Rolex to heights that not even they had dreamed of and in the process some have been left behind. poorer. Rolex is state of the industry, not state of the art... the days of the Red Submariner, for example, are long gone. In short, everyone is free to spend their money as they see fit, but the market is showing signs of overheating... caution
Finally a watch dealer that talks some sense ! Respect. ❤
Sense? read my my post ...
nailed it agaain, in the main, but not entirely.
Very informative video there. Yes, it's true, not ALL watches has gone down in value, I own around 60 watches and 95% of these are older than 30 years, at least 60% is older than 50 years. I never understood the hype of modern Rolex at all. So my gut instinct was always correct, stick with vintage and you will be better off.
This post is interesting, informative and professional. Thank you David, for your professionalism. 🖐
I appreciate that!
Still speaking sense. Thanks David.
Thanks, all the best 👍
Good comments as usual. I dont know what people expect as you are in business and if the naysayers work for a Company that doesn’t make a profit then they will soon be unemployed. Business is often seen as buying low and selling high but in your case (most businesses in fact) they seem to forget the value added. Bricks and mortar overheads, staff, security, insurance etc etc. no to mention the cost of money tied up in stock like most retail in order to have a choice. Some people are very naive.
say it how it is as always, thank you
There is no difference between "investing" and "flipping." This is a myth, the myth of speculation.
With regards to investment grad watches, would any unused watch be considered "investment grade
I’m hoping to get a Rolex OP 36 silver in five years for my 30th
Love the content. Couple of points…
1. We can blame flippers all day long but end of the day there was an irrational bid in the market and these guys filled the demand and unsustainable price levels. Bubbles / hype occurs when buyers (investors) believe the price is right even when it surpasses fundamentals. What I’m saying is that the flippers as lowly we hold them provided a service and maybe we need to concede that like some other assets were pumped by other actors. It’s not the flippers fault people paid the price. Equally when the music stopped and the market corrected they held the watches and would have taken a loss inventory. They were “dealers” in a super strong market. And now they are no more coz they are not established unlike yourself.
2. Very good point regarding the 250k price on a modern Daytona. Massively reflects the instant gratification of today’s society. With such a short production it will obvs be a winner in 25years+ but to buy it now thinking it’ll be 500k in 2 years is optimistic. In my eyes it’s only an investment if you pay 250k and write it off and see how it plays out. Too rich for most of us!
Great job brother!
every watch has a ceiling which ideally should not be broken if you are trying make a profit later on
well said
Always liked this guy. Where is 4P? Soon as tugger went down a lot of the grifters went also.
Thank you for a Great chat on the watch market
If you new anything about the building of the pyramids you would know that a 1100ton piece of block of limestone had clearly been cut with some sort of machine which left round bladed circler saw, has the. Massive lines have been left on the face of the rock.
Don't believe me look up circler saw marks left on block in the middle east, will only take a few minutes to see the interesting fact.
I've had fair success buying watches that increased in value, none of which were Rolex. You have to focus on niches. Military, 50-60s chronos, important seikos, etc are all niches. Do your research, then do more reading. Try to find interesting and undervalued histories; not everything needs 1000s of profit. I purchased 6 vintage quartz seikos for $ 300 and wore them for a few years before selling them for $ 500 each. The watches had an overlooked high-end movement imitated by Rolex and AP. Did you know Baume and Mercier made watches with micro-rotors in the '60s and were considered high-end? These watches can be collected for under 2k and are still enjoyable to wear. The Royal Oak was first shown in white gold and later manufactured in steel, is a white gold version truer to the OG vision, maybe? I can't tell you where the market will turn, but researching and buying within a niche is fun and can be very rewarding.
Always precise and telling the true. Thanks
thank you.
Great video, as always, David. I hope you and all your team and family are all keeping healthy wealthy and filled with gratitude 🙏 what I have learned in this world is if you did everything right in this world, someone would criticise you if you did everything wrong in this world someone would criticise you a different person with a different mindset and opinion if fact we don't live in a perfect world so nobody lives a perfect life ? Take care. David look forward to watching and listening to your next video. Best wishes 😊
I always look for your comment and appreciate it. I hope to one day meet and hope there are more people like you in the world. I really appreciate the level of positivity that you always bring into the comments and always appreciate your kind words. All the best 🙏
@watchcollectorsuk
Thank you for your kind words. I hope you & all your team & family are all keeping well & healthy and having a positive day & week filled with joy happiness kindness love & with gratitude 🙏 look forward to watching & listening to your next video best wishes Karl
The watch market is completely dead we won’t see stupid prices anymore hopefully 🙏🏽
I would not say dead… but correction is welcoming…
good spot to end it 👍
Lots of racist people making idiotic remarks...respect for not dropping down to their level, they have probably been watching Paul Thorpe who seems to have become quite openly racist/Islamophobic recently seems to blame all the problems in this Country on immigrants, sorry for digressing. Buying a new Submariner as an investment has got to be silly unless it's one of the green ones Hulk, Starbucks, Kermit etc. The newer Subs have increased the least in recent years.. Keep up the posts!!
I say good maybe some of us mere mortals can actually get some pieces from an ad
Good content always spot on!
Much appreciated!
I buy privat for a much lower price. Then have the watch serviced . I migth then pay more then from a dealer. Few watches from dealers is newly serviced.
David, what are 2-3 examples of watches that really appreciated over the last 10 years? Like really 5x or 10x.
Hi, a very quick example would be F P Journe (many models). Even if you take a look at rolex with special gem and stone dials and see what happened to prices over the last 10 years. Many did very well but it's not for everyone to understand as everything else in this world, a lot of experience in the field is required.
@@Mr.Khalil08 Thank you for reply. Its true that Journe is a modern day Breguet, his work is revolutionary and exquisite. Those stone Rolex dials were and are still amazing. If I try to apply your thinking to modern watches, I would say the Rolex 128348RBR could be a future treasure, also because of its incredible carnelite, aventurine, eisnkiesel or turquoise dials and probable rarity. Some may deserve to, but not get there due to brand weakness, like the new JLC Duometres that were launched this year. Is there any other future treasure that is currently unappreciated?
I'll be honest, I loved the WG Le Man's but the sapphire case back ruined it for me. A pet hate of mine on watches is where a different coloured precious metal (YG) rotor is used, compared to the case metal (WG). Once I saw this, the watch wasn't for me as it would always bug me.
Now... the new YG Le Man's.... sign me up! Only problem is, my AD wont😂😂
well said
Really no need to buy over retail they are gonna nearly double supply in next year or two
Don't sweat it too much.
Half the keyboard warriors who comment on watch channels are likely sat in their mums council flat with an invicta on.
They've never owned a luxury watch in their life other than a clone/fake/homage.
Your insights and comments were fair and well balanced and it was another video of truthful opinion.
The only Rolex Daytona I would buy, is one that a racing driver has received for winning the 24 hr Le Mans , 12 hr Sebring etc, That would mean a lot more for me. My favourite Rolex Daytona is sir Jackie Stewart’s that he got for winning the Monaco Grand Prix in the sixties and still wears it. Not an actor promoting it. Nothing against paul Newman, he is no 3 times world champion 😮
Modern watches are not an investment, appreciate the watch for what it is, a timepiece.
What do you think of Paul Thorpe's new type of content?
Crap
@@f1shf1ngers24 couldn't agree more. Really exposes himself to be a gobshite
People still watch PT ?
Who?
@@mikeferguson4522 Paulie
Watches are like art inasmuch that the prices asked are often not quantifiable in any hard rational way. It's very much a case of them being worth what somebody is willing to pay. There's a dealer whose website I look at every now and again, and he was asking 40 grand (British Pounds) for a tiffany blue dial 41mm Rolex OP a couple of years ago. The last time I looked, he was asking 20 grand - as far as I can tell for the same watch that never sold. Meanwhile another dealer (a guy I have dealt with and know to be rock-solid) seems to have just sold one of these for 6.5 grand - which is probably an honest-to-goodness realistic price for an entry level time-only Rolex... But I guess there might be some poor souls out there who literally paid tens of thousands for this watch!?
As for me, I've always had an iron rule: I have never paid above retail for any Rolex or Patek which is in current production. If you can't get it at retail, then you don't get it - period. (This way, if you want/need to sell, you might lose 10-15%, or something, but you you wont get really badly f----ed.)
It's not worth 250 k at present, informative Video David.
Buy what you like if you can afford it. “Watch is NOT an Investment” !!!! On 20% each way.
You want me to win 1st division lottery...the consumer in me tells me this😂😂😂and I'd pay just to listen to your expertise! Thanks David, here's to hoping we meet some time ⏳️
1.54, watch market didnt crash. Mate soon you will tel us its minus 10 in dubai
Great clap back! If only your name wasn’t Khalil the aggressive commenters would be buying t-shirts with your likeness on it. 😂. Stand on business and you will continually be successful inshallah - King Lux 🤴🏾🤳🏾
😂👍
Why people don't focus much on market makers that are there in every market segment, never think you are smart or smarter, they manage the markets .
only rare watches are an investment
Some of this reminds me of a calm analysis of "NFTs / Crypto / next way to get rich quick"
😊🍿
Businesses are shopping for customers like everybody else. Some like calling themselves victims.
The watch market is dead and floating face down in the Atlantic Ocean
Buying a watch such as Rolex, AP etc is way to invest your money like gold. The benefit of a watch is that you can also enjoy wearing it. Those that pay over the odds for a watch are nuts, it’s a big risk. The brands I have mentioned will always go up with inflation.
Mate, did you ever consider iron your clothes?
In times of insane monetary debasement , even TULIPS can become investment grade .....So let's say the that PN Daytona is a very fine looking Tulip some are willing to pay the ( insane ) price to call dibs on , nobody can say for sure that the mania is finished , we could just have went through one of the first "micro" spike , or maybe the next spike will manifest in the form of a mania on vintage pocket watches .....What we can say for sure tho is that the clowns up there are gonna print money like CRAZY at some point ( maybe after a little deflationary shakeout )
Great video David, respectful, honest and informative, thank you!
except is wasn't... she my post. He changed history...
I dont know what you are talking about changing your post.
The only people who care about the watch market being dead are people who dont own a Rolex. Stop being cheap and go pay the market price.
😂
@@Mr.Khalil08 Am I wrong? Why would anyone who already owns a Rolex care if the market is dead or not? They already own one, so they couldn’t care less. Everyone who doesn’t own one are crying about prices. There are people out there who have more money than they do, and are willing to spend the premium to buy the watches they want. Simple as that.
The watch Market is Dead! Unbelievable but true!
Hot Take: People that hate watches as investments, typically dont have the money to buy them
So you will pay 250k for a 45000 watch ??? And call it an investment? People have moved towards gold and housing for investments and they give back returns while your holding it
Lol, Rolex is the modern day tulip bulbs
Watches and investments bad idea. There are many other better way to make money. People spend ridiculous amount of money and pat themselves in back that it is investment. It cheating themselves lol.
David, it's such a shame that you need to waste your time replying to nonsense. Keep up the good work.
It’s all over red rover
Re the Le Man Daytona....don't conflate asking and selling. As you well know, the Watch business is full of grifters and chancers.....you are friends with two at least.
Bitcoin and stocks are back to ATH while watch market still going down - just saying
I wonder if people who blame others for making profit by ''buying low and selling high/er'' work for free :) your boss is making money on you by paying you less than he charges for service for example, but you still go to that work. Very strange :D
The watch market is dead. Be patient....the watch of your dreams will be half price in one year.
I don’t believe that anyone is buying Daytona LeMans for 300k plus, that’s just asking and will see that price will come back to earth once no one is buying it🍻
Rolex put a clear sapphire on the back of the LeMans with that ugly machined movement to save money on the gold caseback. People still paying $250K for that lol 🤡
10-4
Alright Dave....😂