Demand is great. There seems to be a bubble, but I don't think it is busting any time soon. Rolex just increased prices for 2022 by 5%, as well. There are people on 2 and 3 year waiting lists for popular models like the Submariner and the GMT Master II. A lot of these people who buy Rolex are flipping them and driving up the prices. That is why when I walk into a Rolex dealer, I show them that I'm already wearing one with dings so they know I am an enthusiast and not a scumbag grey market flipper. As a first-time Rolex buy, you probably will not be able to get a Sub or a GMT, but you can get something like an Explorer 2 or a Milgauss and while those won't double in value, they will still go up 25%-30%.
Demand is great. There seems to be a bubble, but I don't think it is busting any time soon. Rolex just increased prices for 2022 by 5%, as well. There are people on 2 and 3 year waiting lists for popular models like the Submariner and the GMT Master II. A lot of these people who buy Rolex are flipping them and driving up the prices. That is why when I walk into a Rolex dealer, I show them that I'm already wearing one with dings so they know I am an enthusiast and not a scumbag grey market flipper. As a first-time Rolex buy, you probably will not be able to get a Sub or a GMT, but you can get something like an Explorer 2 or a Milgauss and while those won't double in value, they will still go up 25%-30%.
(post is archived)