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      Yesterday, 03:05 PM   #23
El Conquistador
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Quote:
Originally Posted by Flacht3 View Post
Ehh not true for Rolex/AP/Patek etc.

Those prices are only down 2-5%, and still going well over MSRP. Trust me, been watching close as Ill be buying if they continue to fall.

Omega, Breitling, Panerai etc were already pretty soft before all this. But Im sure there will be great deals to be had.
Dealers control that market, I'm sure transactions are down 50 to 80% over the last month.
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      Yesterday, 03:35 PM   #24
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Quote:
Originally Posted by El Conquistador View Post
Dealers control that market, I'm sure transactions are down 50 to 80% over the last month.
Dealers don't control the market. Rolex (supply side) does.

Dealers don't have any supply control over SS models. It's not like dealers are artificially decreasing supply of stainless Daytonas, GMTs, etc. No, they don't have any inventory to begin with because Rolex etc. have been limiting production.

With the factories shut down (I heard through end of April, could be wrong) supply will be even lower coming out of this...so no, you won't have dealers sitting on a magical increase in inventory they're trying to offload.

However, you have plenty of people (collectors, resellers) that may try to off-load their inventory. If we start seeing more supply and prices going down, it won't be because of dealers, it will because of all the resellers and speculators.

I'm only referring to SS models. Precious metals could be a different story.
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      Yesterday, 03:39 PM   #25
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I was talking about stainless models.
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      Yesterday, 06:24 PM   #26
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it'll be interesting to see what happens with the high end car market. Will my ferrari value go up because the factory is shut down for a good amount of time? Or will prices fall because the owner's businesses have run dry and they need to free up money quick? Certain industries are getting hit very hard.
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      Yesterday, 07:23 PM   #27
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Originally Posted by Humdizzle View Post
it'll be interesting to see what happens with the high end car market. Will my ferrari value go up because the factory is shut down for a good amount of time? Or will prices fall because the owner's businesses have run dry and they need to free up money quick? Certain industries are getting hit very hard.
Idk, I'd guess they would stay the same. They cost to much to be bought by small business owners imo, and for the large business they are drop in a bucket not to mention that large business will likely be able to negotiate good bailout money.
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      Yesterday, 10:26 PM   #28
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Originally Posted by NickyC View Post
Excuse me, I dont see the requisite panic and boot licking qualities in your above post. Im going to report you to the civil authorities unless you immediately expose yourself to 24 hours of straight MSM and social media driven fear porn. It doesnt matter if you have a 0.0004% chance of contracting and then dying of the beer virus. I want you hysterical with fear and licking boots by this time tomorrow.

Shame!!
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      Yesterday, 11:02 PM   #29
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Hahahaha
If it was only Fox watchers it would be fine. But as with the bail out it will be blue States paying for the red welfare States as always.
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      Today, 10:28 AM   #30
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You guys are delusional, the unemployment numbers are astronomical. You just think this is all going to be normal in several months? Cannot see it, absolutely no way i can see it.
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      Today, 12:47 PM   #31
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Garage List
Alfisti, is your answer to the original question, Yes.?
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      Today, 02:47 PM   #32
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I think used car listings in desirable cars will taper off at first, since no one wants to buy anything under this uncertainty. Prices will stay high in the immediate future of course... a $200,000 car isn't worth any less, if anything it may be worth more because of limited listings.

Most people with toy garage queen cars would just hold onto them for the coming months until things blow over.

If people don't NEED to sell they will hold onto their stock. Dealerships and private owners alike. It's not like they are getting in new stock that they need to make room for.

Recently unemployed people may need to let go of their 2nd, 3rd, 4th cars but that was due to poor financial planning in general. The prices will remain high until there is a flood of stock. Similar to house prices I guess, stock is still very limited in most cities, prices stay high.
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