That's what the grey and scalpers and resellers will preach.

Buy to enjoy yes, but are you a water fish? Ok lah, if you Datuk with RM400 million net worth, paying scalper price is nothing to you, help the economy. For the average Joe, stupid to pay premium when you still have car and house debts.

Cause even when you have no intention to sell, when shit hits the fan and you need money and cashflow, you going to sell your car, your house, or the Rolex first?

One of the values of Rolex, it will always sell/convert to cash easily. More liquid than your house.

It’s not an investment.

Most of us average joes work, have income, have commitments. I may rock several watches, I am not wealthy. I enjoy my watches and my life.

I bought my watches to enjoy. Not a business or to make money off of it.

That being said, if I’m unlucky to have been laid off, have family members with medical complications and need cash cause exceeded insurance coverage, while at the same time still having to serve my car and house loan.

What options do I have? Pawning the crown is the easiest, fastest way, that makes the least impact. Losing the car? Makes my life difficult to commute. Losing the house? I can sleep in the car but I can’t shower. Losing the crown? It is okay, I will get it back one day.

I can afford it, but shit hit the fan, which is common in life.

So paying reseller prices for it doesn’t make sense because you can’t afford it. If you are wealthy, by all means.

Buying a Mercedes, you’re still not paying scalper price. The point I’m making is not against buying a Rolex, but buying it, or the AP or PP 5611 at ridiculous reseller prices, where realistically average joes can’t afford.

Shortage is caused by resellers cause all the watches are sitting in their showroom….

Man the amount of watches I saw sitting on reseller shelf in HK pre-covid was nuts.

This post has been edited by Jason: Dec 30 2022, 02:34 PM

What do you define as affordability? A person with the cash to buy it, doesn’t mean he has no car loan or home loan.


No arguments for sure. Just exchanging our respective views, which is fine if we don’t agree.

Supply and demand, you are absolutely right. I’m just saying it’s skewed here because it is artificial, due to greys holding the stocks. And when the buying stops and demand slows, the price will normalize.

In any case this CPO program by the crown is interesting. Let’s see how it plays out.

End of the day it is your money, if you’re happy paying grey prices, go ahead.

This post has been edited by Jason: Jan 3 2023, 03:18 AM

rx330

With the crypto crash, inflation, economy downturn, the wealthy is of course not affected. Will see how the average joe's fare when, and how the demand holds up this year -- where analyst says its gonna get worse.

no doubt many consignments by flippers. we saw what happened with the moonswatch with lots of average joes trying.

Ooh I'd love to get a batman. a "true" GMT watch, and that Pan Am history. I fly more than I dive.

I'll just chill and wait, I think part of the experience is not just having the watch, but the whole AD experience, the unboxing, filling up the warranty card with your info, and a receipt with your name on it. But walao, at the rate Rolex increase price, they are really milking it. End of the day the crown need to move more pieces than PP. Let's see how much the market can take.

You buy watch like buy vegetables already, no feel loh. I don’t need a watch, but buy it to mark occasion. Take my time to browse, look, compare.

I’m not just buying a watch, I’m buying the experience.

Life like that one
Unfair

Some ppl born hensem. Reach packed area no parking also got car in front want to reverse and let you park.

I won’t mind a GMT Master 2. But to keep and wear not flip. Really pretty handy when traveling across time zone.