Watch Experts EXPOSE Current Watch Prices vs. Last Year! (Rolex, AP, Patek...)
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- Опубликовано: 21 ноя 2022
- New Grey Market Episode: "My Plan to CRUSH $130 Million in Sales in 2024"
• How I'm Going to Sell ... -~-
Watch Experts Roman Sharf and Adrian Taskin expose the price differences on trending Rolex, Audemars Piguet, Patek Philippe, and other models compared to just a year ago! This is the MARKET UPDATE you've been waiting for!
To speak to a representative about any of these watches, visit us at www.LuxuryBazaar.com
⚠️ Get a quote to insure your watch here: luxurybazaar.com/grey-market/...
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Don't ever let grey market dealers or flippers tell you that the "time to buy is now, prices will go up soon" or something in that range. Prices will only keep on falling. They just trying to hold on to pieces they bought near peak to minimize losses somehow. Not a penny above MSRP. Prefer discount too
Everyone has an opinion based on their knowledge, experience and an element of educating guessing based on all of that ... I think market has largely corrected itself like one of them mentions briefly toward the start. I think 5-10% above retail will remain true of the most popular models from the sought after brands , retail for less popular models from sought after brands and some exceptions just under retail in for other high end watch models in a strong used market. Its like precious metal gem stone jewelry in that it's unique commodity which can be both worn/used and held as a relatively decent store of value once you add in the element of enjoying the item into the equation ... Where you don't get to wear more traditional stores of value like bonds, financial market investment vehicles and cash property stuff like that. I love watches for the mechanics of movements and design into such small form factor so the value being stable is added benefit
@@MoAli-wm4of why would you pay retail for less popular models? Rolex's are going for way too much
Prices have stabilised - true to some extend because all Grey dealers have gone thru a massive blow about a month back by cutting their prices . And they are all now holding on to their prices for Dec hoping that they clear as much stocks . The truth is that retail buyers are not buying at all.
Prices will only go lower from here, u can do shows , u can hype the market , but you can’t fight the general economy . More importantly, rolex is shit when it comes to holding value in 2022 and you can do your show but most investors just got burned they wouldn’t return for a long time . For those who genuinely love watches , they wouldn’t buy at this prices
Overseas blue chrono at retail is nice.
Most rolex are close to retail so if you wanted one then these prices aren’t bad. Better than waiting a year of having to kiss ass
Very interesting conversation. I'll never look at watches as an asset or an investment. This is a hobby for me and I collect for the love of it. For me, the people that came in over the last couple of years looking at watches as an investment buying up everything they could get, damaged the hobby. I would love to go back to the olden days when people bought and collected watches because they had a passion and love for them.
Exactly!
Been saying this would happen since the Tiffany dial craze. Happy you guys talked about real topics! Many people were getting into the market that didn’t want to understand watches only flip them. The flippers got flipped! Great content 👍
@chriskane377 Actually the flippers are the official Ad and the buyers from the ad from which they get the watches from..
Great vid, I love the objectivity! Adrian watch it back and see the body language, the constant moving and fidgeting stands out when the others in the group remain composed. Not a biggy but a slight change will make you more present in the conversation and much more watchable :)
It's all very well to state that a certain model still trades at maybe 2x retail. The problem is that most people purchased that model at an inflated hyped price of maybe 3x or 4x. Not at retail. So they have suffered a substantial real loss.
Thats on them, If they brought it because they want to wear it the value it holds is nigh on irelivent. If they brought it to flip should of sold it months ago
I have been a watch enthusiast since I was a kid, I will never be able to afford any super luxury time piece, but man is it crazy to hear the prices of these time pieces! Wow! I’ll stay in my lane with my under $1000 watches. Maybe some day! I do enjoy your content very much so!
Pepsi, Sub, Hulk, Starbucks & Batman all down 30% from a year ago.
Pepsi is panam call it that if you want to be hip
Drop down even more they will
Still luv my Hulk
@@cornel1260 Thanks Yoda
My Starbucks was my graile watch, so I don't care if it drops another 90% over the next year. I will NEVER part with it.
Great Video. would be great to see more time given to the guest to bring more insights into the blend. Two things to note is "liquidity" and MArket correction. Banks are not yet stocking up watches!
Good review, thanks guys...
I learn so much from your show. Hands down best watch RUclips channel out! Very original and informative. You guys rock!
16:23 That jab at Watchbox... respect, Sir. They're really holding to their top FP Journes, any proposition that's less than 7% what's on their website they won't budge and keep it for themselves.
Lol
I had a bad experience with watchbox. Absolute greed. Buying for peanuts and bargaining for 50 $ when you buy stuff for 20k
@@aleximd9244 That was never my experience. Got most of my grails through Tim and he was always extremely courteous, accommodating and flexible.
Had a great experience with Watchbox. Fair price on my trade-in and acquisition.
All asset prices are crashing, inflation is climbing, interest rates are climbing and unemployment rates are climbing (all around the world). This isnt a "dip" it is a correction and it isnt over yet...Hold out on buying and you will pick up a bargain in a year, whether it is a car, house or a watch.
Our money is worth less and less every day
Great show, very informative
Love the show. You sell watches and the clock behind you doesn’t work. Too funny! Keep up the great work.
It's right twice a day
They are only worth retail at best
What platforms does Adrian follow to know the accurate pricing of the market ?
Watch charts ?
Thanks guys!!
It’s interesting but I still believe that many of the overly hyped watches will softly land back toward retail prices especially if these have been worn and bear hairlines, dings and / or were polished. Brand new unworn may still command a higher premium as soon as these remain unobtainium from AD / boutiques. Only a few people with very strong determination, money no object and fluctuations no object may keep buying at multiple over retail.
Why do I think so ? Simple:
1. The recent fairly strong fluctuations up then down will act as an alarm / caution bell to many hence dampening any would be irrational exuberance.
2. The financial & economic recession, high inflation, layoffs, etc… may lead people to focus more on essentials.
3. The grey market stock surplus in China means that availability may not be as tight as it used to be during the high demand rush which drove the prices to stratospheric levels.
4. Some watches which have not been hyped are much better and more interesting than the hyped models yet these remain under the radar and can be acquired below retail. 😉
5. Finally, aside from models hyped for a period, I think most watches naturally depreciate fairly fast to 75% - 50% of their retail value as these become worn, used, factory guarantee shortens, etc… unless sheer rarity leads these to reach the vintage equivalent status in terms of appreciation.
6. Similarly to pre-war Bugatti, 50-60ies Ferrari, Maserati and Aston-Martins, especially the racing ones, vintages pieces are in a class of their own with regards to values…
Im so glad i found your channel not only is educational but learning the culture behind luxury watches is a thing of beauty.
I love how you say it's not an investment but instead of just telling us the price difference. You spend all of your time defending why the prices got so high. Once again we can't keep up with the price difference because you talk so much and constantly bring up years gone by. And having a guy on here who can buy from an AD is always going to want the grey market to be high unless it's a piece he can't get. Sorry for complaining I still love the content this video included. Thanks
Great update gents! How about a full set Hulk Sub?
Wow. That was great. Give Adrian a 20% salary raise or a 5% bump in equity. His choice. Give Nino a bottle of single malt.
The recession is about to rear its ugly head so I anticipate an additional 20% drop from current prices. Until pre-owned watches trade below retail where they should, I will not be partaking. Good luck to those that try to time this market. Especially you RM fan boys 🤣🤣🤣
How do you think the VC 4500V in red gold and blue dial will do.. they still have long wait lists at the Boutiques.
Props to the Logo Designer, great job
Love your videos. You should make this as a anual episode. Price update year by year
love the video !
Nobody is giving us this information. Thanks guys 👊
Never “invest” in watches😂😂😂😂😂
Nice vid!
For the average guy buying a Rolex is not an investment…if you’re lucky the watch maintains its value, but try to sell it and you find out the truth. What are the options for an average guy? Sell to a watch dealer who will pay you 50-60% of value, deduct if you don’t have the original box and papers or if it’s not been serviced recently. You could list it online but good luck getting retail….these guys are watch dealers, they trade them like stocks…but for those of us who are not dealers, realize you’re buying a luxury item because you like it and plan on keeping it and if you ever decide to upgrade or trade you will lose $$…been there, done that…my investments are in a brokerage account or real estate…my Rolex gives me personal pleasure and for that it was worth the $$…
The watch market might not have completely tanked yet, but the more available these watches become, it is only a matter of time before it does. Of course, for someone who is probably upside down on some of these pieces, you have to pray that the market doesn't go much lower.
The prices won’t go lower trust me
If people are over extended they will get found out in the next 6 months, We not yet done rising interest rates, As they go higher watches will continue to decrease. 0.5% to 0.75% is the next and most observers are penciling in 3 more around the 0.5% mark.
@@fifaboy9341, take a look at a recent article by Morgan Stanley about how prices for the big three luxury brands (Rolex, PF, AP) will continue to plunge. The writing is on the wall and with the increase in supply, the high prices are extremely unsustainable.
@@darkshadow2393 a no-brainer who will have the money to buy these watches when they can't even afford rent or food?
@@zacharyehrenreich801 what model?
What are some suggested books to read on horology?
The thing is, the Root Beer is one of the ONLY good looking two-tone watches. A true diamond in the rough.
Thinking the watch market tanked at this point is a wishful thinking. Real pain is ahead and we are yet to see true effects by November 2023. By that time all Rolex watches will be available at your local AD except some exotic pieces and SS Daytona .. Datejusts, Subs, GMTs will all be there ..
Why November,2023?
I know they're not super expensive but I love my breitling avenger II. How come I never hear you guys talk about breitling are they that junkie or undesirable?
Its just not a hype piece. That’s all.
Confused about this discussion, with mass producer Rolex putting so many watches in the market and flippers getting out and selling their stock, and people getting bored with another Daytona or Sub, there is no reason for these watches go above retail. This game is up, and very very soon they will go below retail.
LB HAVE THE BEST! CONTENT IDEAS LOVED THIS CHAT ALMOST AS MUCH AS ROME'S LAMBORGHINI HOODY 😀😀😊😊☺☺ KEEP IT SWAG ROME HAHA KIND REGARDS BEN FROM NZ
This is gonna be a good one I can tell. I think I’m gonna have to pour myself an adult beverage first and eat some shrimp cocktail.
Question
Good Tudor service on a watch which the winding gear skips?
People need to factor in insurance costs too. It’s not cheap to add these watches to your home owners insurance.
What do you reckon the 1116655 will do?
Great video
Random observation, don't know how much weight it holds.. as far as Rolex goes.
The things sell themselves, the dealers trade them amongst themselves and aren't really capturing that much mark up anymore on them. However I feel the masses collectively are either burnt out and or aren't emotionally captured by the hype of steel sport models which have been by far the most active on the market.
Kinnda like vehicles which were hard to come by during the pandemic.. Which will leave either bare base models or the high end with all the bells and whistles therefore creating a gap in the majority of the market that used to infuse the most money when options were available.
Is that green dial day date for sale? I’ll but it for what you just listed it at
Im a watch enthusiast, have been all my life but rarely watch any youtube video over 10 minutes long. My comment is on the first watch you featured. I think true end users, those of us who never sell their watches, don't mind being on a AD's wait list for a few years to get the watch they actually "want". True enthusiasts who want a two tone watch will wait for one, those who want a stainless steel watch will wait for it as well.
I don’t even like or want a watch/watches. But I love looking at em, and the market is crazy. Def watching and admiring on the sidelines.
Root beer/and Kermit’s are my fav
I'll pay nothing more than list retail for anything. BTW~ just purchased a Chopard Imperiale alarm clock from Luxury Bazaar. Customer Satisfaction check.
Fellas remember the watches your quoting prices on are listed your website for much higher so what’s the real price…
Exactly... I've reached out a number of times to dealers claiming crazy low prices across numerous models then you ask them what price they are selling for and they are way higher!! Classic case of them talking down price to buy low
Just a suggestion I have to guess/bet that about 75% of the audience will not be interested in FP Journe or AP or gold Rolexes etc. What about movement in Omega's, Tudors, Panarais, Breitlings, Blancpains, IWC, Mosers, Glassutte Lange etc etc etc, Is the channel about all watches or just about what you can maximize your profits from??? In the near future I will be a continued watcher or will dedicate this time to channels that are a little more reasonable. FYI just bought a Zenith chronomaster sport and am loving it. Better than a Daytona??
Enjoy your Zenith Chrono pal 👌
Love what Zenith is doing, looking at a Defy Classic to add to my collection. Rolex is for people to flex.
Free cash in 2020 and 2021 (zero APR loans / Every bank chucking money at people / Covid loans that didnt need to be paid back) made watches sky rocket (Also a few other markets Collectable cards for example). Now the free money has ended prices have crashed. Likely is with more restrictions on free money to come (Interest rate hikes / much harder to get loans) for those that have no clue what I am on about) The watch market will see another significant reduction in prices to the point we are at or around retail on all but the most desireable items
Roman's hands are hilarious during this show
The big problem with watch “investment” is that they aren’t rare manufactures keep making more. This is way different than the collectible car or art world. Watches are just the new hyped investment fad. Nobody cared this much about Texas Timexes 10 years ago.
Unobtainium is not a real element, but it is a real word! Since the 1950s, engineers and scientists have used the word to describe the perfect material to solve a particular engineering problem-except that it doesn't exist!
how much in losses have you taken so far this fiscal yr doe too the market dropping. 15%, 25%.?
44:30 adrian picks his starbucks up and it's in frame for the first time, right when nino puts his down. It looks like adrian is holding dudes cup haha.
"Its going to be a quick video" lol 54 minutes later.
My favorite pass time thing is to lowball those f@&¥#= flippers on C24!
Am i First? Loving Grey Market atm cant wait to watch everytime it comes out!
I personally own a daytona panda, I got at retail 2017. I never bought the watch as an investment. However to be realistic, they are still not worth the money. My personal opinion is we will see a dead cat bounce. We are still along way from the bottom.
The luxury goods market is shrinking by the hour. Every market is slowly imploding.
Not stabilized yet 💯. But definitely closer than yesterday
Very informative episode! Thx to you all
What a great show
What's the FP Journe holding entity?
Never pay a penny over retail
Yes prices are going to drop rapido soon . But I will say not so bad for rolex as it has a monopoly over its brand. They aren't stupid.
Its one of the best monopoly companies in the world.
As a watch enthusiast, I don’t pay over retail (Rolex, Patel, AP, VC) and fuel the hype. I would rather buy other watches at or below retail and add to my collection.
The VC Overseas Everest Dual Time is my favorite watch ever. I wouldn't hesitate to sell/trade my whole collection if it meant the money from doing that would get me that watch.
You can buy that watch at retail at this point grey market is only asking 25k now retail is 22k plus tax
@@dannynasser6941 Maybe the normal VC Overseas Dual Time, but not the EVEREST version. Very few were made, sold out same day, and they are running about 100k.
Let's make sure people understand that all the major indexes that are trading on the stock exchange are still higher than when they first were created. Yes, they may have dipped but they are still a net positive from when they were first created.
Most people only look at yesterday. They don’t get it lol
Not a fan of any of the two-tone models. I was offered some at retail and turned them down. I only buy watches that I love and have little interest in investment potential. It would be nice not to get killed if I decide to sell one one day but that's not at the front of my mind when I buy something and plan to wear it.
I just want a decent Rolex but nowadays it’s gonna cost an arm and a leg
So safest (closest to) is never pay over retail if buying as investment?
buying even below retail won't guarantee a safe investment
I don’t consider my watches as significant assets per se. If I would then I would have concerns wearing them which is exactly what I don’t want. My pre-war cars are assets although some are racing for real… 😉
I liked when watches were special for certain reasons/design, not because its out of stock everywhere.
Some people need to spend their money, the watch industries are happy to take it..
Rolex are upping production by 30% and collectors are now getting phone calls from AD’s
Going to carry on falling imo
Production was never the problem. 😂 rolex still produce the same amount the problem is the demand
I like that you really talk about watches and prices !!!!!
No mass made watch such as Rolex is “great value” above retail! Listening to grey market dealers saying the market is stabilizing is like believing a crack dealer telling you it’s a health product! They are selling no more than they were at the top so their earnings are less and let’s not forget it was the grey market dealer fueling this so they have to try to convince the market it’s a good time to buy!
If we can just fckn hold for even 6 months buying watches things be back to normal
So many ads killing me guys
Offsetting the losses they are getting from the big crash.
is the table from Ikea.... I mean, you can make a nice wooden table with a AP wall clock... *( could use one more camera..!! sound is o.k.
3 or 4 years ago pre-owned two tone Daytonas were in the low tens. There are no reasons to pay much more than that.
There's 50% more currency in supply than 3-4 years ago. Inflation alone is a reason why you will pay more.
@@americanassistancegroup Actually we are in a liquidity crisis right now and the economy is not looking so hot so I see more pressure to the down side.
$ is worth a lot less. That’s like saying that eggs will be under $1 for a dozen again. Not happening.
Why do you think prices have stabilized +/- 5-10%? Fed isn’t done raising rates, layoffs are piling up on a daily basis….
Because everyone is now an economist and expects a further crash. That means there will be no crash.
Root Beer two tone, is the nicest of the GMT’s.
Still cant beat a good dividend paying stock.. minimum investment for high return gains quarterly.
when the pain hits panic selling will kick in and these watches will be had at bargain basement prices
I don't see a watch as an investment. First and foremost, it is a luxury good. People are only buying them right now because it is the popular thing to do. But when people all need to cash out again, there will be a sell side pressure. And the steel Rolex people were paying $10K over list for will struggle to get their money back. But I don't see it as trading. A private seller can't just offload a watch.
Buy your watches, pre-owned, like these guys do, @ watch auctions. Antiquorum, Christies & many more
Guess I picked the wrong time to get into watches for the appreciation of their craftsmanship and complexity, not investing.
Reminds me of Beanie Babies once the market starts leveling out it’s back to buying at an AD. This really messed up people that like to walk into an AD and buy a new watch, because the AD will just take it and sell in the secondary market.
"..it's gonna be a quick video.." (checks 54 minute run time)
puts tax on retail but not on buying it from lb
Is that a Pecco hoodie?
Prices are going way way down
The only time the grey market will crash is if AD’s are given more supply so they can meet their demand. Since the brands are never going to do that as it ruins their demand. Until then you are good.
Finally someone with a head on their shoulder. Rolex know if the secondary market crashes not as many people would buy their watches and they try to keep the market high.
recesssion is different than inflation, you guest mis spoke
This talk about investment at "times x" is meaningless to the average luxury watch collector. The msrp is not an obtainable price, that is like claiming a stock is a good investment because the current price exceeds what the folks who underwrote the security and the top investment bank clients could buy it at.
These are without almost all exceptions, terrible investment choices to all but those who CAN buy at retail.
The house you pay a mortgage on isn't an asset and neither are these watches