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      09-08-2019, 05:33 PM   #155
hogwldfltr
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At the end on November 2018 I basically got out of the game; I was able to trade in the watches I'd accumulated on my end game watch. I got tired of trying to rotate a 21 watch collection of Rolex, Omega, Breitling, and Tag Heuer. I took it down to three watches and got one for my wife. I got a Daytona 50th and she got a ladies DateJust which she likes. I kept a Sea Dweller 4K and an Explorer II (16570).

Three watches are much more manageable than 21. I feel it was a wise move as I'm not gambling on the heightened value of Rolexes and other watches staying there for ever. I got a 20% discount on the Daytona and bought it without sales tax through the shop's NH store. I'm done with stainless for the most part. I traded the SD4K for a Day-Date 18238 in remarkably nice condition. So I'm set with one Pt, one Au, and one stainless piece, all Rolex watches.
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      09-10-2019, 12:59 PM   #156
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I got a 20% discount on the Daytona and bought it without sales tax through the shop's NH store. ... I'm set with one Pt, one Au, and one stainless piece, all Rolex watches.
Wow, nice deal! And good to simplify - i did that a few years back and it's much less stressful ... that said I still have watch bug, but this time I'm going to go more in the micro / g-shock direction. Magrette, NauticFish and others have so stuff I'm interested in, but all divers or action watches, nothing fancy for me anymore.
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      09-10-2019, 03:07 PM   #157
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Originally Posted by GrussGott View Post
Wow, nice deal! And good to simplify - i did that a few years back and it's much less stressful ... that said I still have watch bug, but this time I'm going to go more in the micro / g-shock direction. Magrette, NauticFish and others have so stuff I'm interested in, but all divers or action watches, nothing fancy for me anymore.
Sounds good, I'm reformed...
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      Today, 07:23 AM   #158
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Wow, nice deal! And good to simplify - i did that a few years back and it's much less stressful ... that said I still have watch bug, but this time I'm going to go more in the micro / g-shock direction. Magrette, NauticFish and others have so stuff I'm interested in, but all divers or action watches, nothing fancy for me anymore.
Strangely, I still look at watches and even bought one recently!!! I bought a Ball for BMW with tritium tube lumes. I love the night time glow it gives.
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      Today, 10:53 AM   #159
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To the OP's question - the bubble on discretionary goods, such as a Rolex watch, will pop when the economy meaningfully slows. A meaningfully slowing economy is not the current situation in North America.
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      Today, 11:43 AM   #160
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Haven't followed prices lately but when I bought my Two-Toned Blue faced sub in 2004 the watch at that time was selling way over retail was the SS Daytona. I think my TT retailed for like $7800 when I purchased it but I paid considerably less.
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      Today, 07:40 PM   #161
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To the OP's question - the bubble on discretionary goods, such as a Rolex watch, will pop when the economy meaningfully slows. A meaningfully slowing economy is not the current situation in North America.
A slowing economy or recession will bring the secondary market down slightly, but that's it; many luxury buyers will be unaffected by even an economic depression, and they'll snap up the supply of those that are.

If anything, a recession will only raise prices of luxury goods, as the targeted buyers aren't people who need to work for a living.
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