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Additional Posts in Luxury Watches
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Happy Sunday, watch lovers.
Is my purchase history not good enough?
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Federico from Federico Talks Watches owns Delray Watch which sells gray market and used watches. In a recent video he said demand has been WAY up for many online watch sellers, my guess would be that luxury watch buyers are less likely to be in financial stress vs others and are really bored so are looking at watches more. There's also likely a supply decrease since Rolex closed their factories due to COVID. Combine these two and prices go up
In terms of how much prices climbed, that seems crazy, so maybe they're just trying it out and seeing what they can get away with? List price =/= actually moving units at that price
That said I definitely can't rule out that they're deliberately stopping production on green subs, but I'd be surprised if they did so without something else being introduced
Love Fed's videos !
Rising Star
Demand also can be driven by people who made $$$ during the May stock rally and additional budget from not going to vacation. Rolex did stop distributing for a while, and many ADs currently have limited inventory and don’t know what’s going to come with their next shipment. Not sure if this is on purpose but definitely is working.
Yea I agree there are a lot of unique supply/demand factors in the last few months.
I was just shocked how quickly they jumped 2-4K on their bank wire asking price. Could definitely just be trying it out. I’ve always found DavidSW to be a a reasonably fair indication of actual grey market price for a watch of excellent condition.
Demand is up for the Hulk. I’ve bought 4 GMT Jubiliees and still no Hulk...