guys, from a dealers perspective it is not a good time to sell vintage rolexīs. has nothing to do with the watches. has everything to do with the uncertain times. the truth seems to bite lately, that it might not be the best time to invest in your hobby, because the unfolding commercial problems have not reached their bottom. nobody knows in the moment, how existing and still hidden souvereign debt worldwide will spooke the market; any market. and when your job is not secure, why invest even more funds into a uncertain collectors market. rolex dealers had to put up with 10% profit margins lately; which is a joke. does not even give you any return on the substantial capital outlay for vintage rolexes. watchfairs;travel;paying taxes..... does just not add up. and the fair customers are not really buying either, because due to lack of knowledge and fake - suspicions they do not know, if the previous prices were grossly inflated in the last years and they should just wait, until everything comes down. so, the sellers have no fun and the buyers have no fun either. that is strictly speaking of bigger watchfairs in europe. if you want to make a profit as a dealer, you can turn to military watches, vintage omegas and even longines.... and the biggest money is in rare spare parts ! there are rare birds to catch and your risk is much lower because of the price range.
and as a collector, you donīt have to worry. you pay, what itīs worth to you. you are not in the market for a short term profit. you are happy, when you can sell something to upgrade your collection to better pieces without too much extra money to add. many watches have been talked up a lot; understandable, if you have them. the market will level everything in the long run; fortunes have been spent and lost; as always. cash is king in the moment; bargains will come very soon..... just my 2 Centavos and not strictly rolex related. kind regards. achim

..models even Patek.

even more sorry than the US dealers, the stupidly strong AU$ is creaming the overseas sales and stifling exports( and lets be honest a hell of a lot of stuff leaves these shores), speaking to the melbourne dealers, it's sell to the smaller domestic market or big price drops only, the discounts requried to keep even parity with oversea amrkets just doesnt make it worth doing..... mind you the OZ buyers are in a great place to be buying... and not much sign its going to change any time soon.

if you turn over stock quickly, the exchange rate does not really matter. you buy cheaper in the USA or the UK and sell to the world to market prices; whatever these might turn out now....and as a collector it would not matter much; you have to sell cheaper, but you buy your new toy cheaper as well. and if you bought your milsub for 80 000, you had the money in the first place and might not be affected by these market ruptions anyway.... itīs all a question of your position. just ride out the downturn and you are set for the next bubble. kind regards. achim

Eg. Loose 6263 big red 40kau$ (37kUs$), 1680/8 on leather 19kau$ :-(17.3us$)

is there much dealers over your coast, that I should be looking at instead ?

Unless you have seen otherwise

Julian

The asking prices here in town are over the top for nice pieces.