Sea Dweller Falling ??!!

[yeeming74]

haha... was thinking how come I so suay.. juz bought a SD 2 wks ago and then lots of it on sale at forum here and prices seems to hv soften a little... anyway, come to think of it, i got a beautiful watch and i believe a lot of ppl selling cos they probably bought earlier or held on to their sale in anticipation of a price increase after product discontinues.....but demand did not increase.... so... most letting go to fund other purchases..... at lower price...

[Taurus75]

Recently, the SD price seem to be falling. Any idea why ?

Is it because too many stock around ?

Not going to be discontinue ?

Still quite easily obtainable ?

People going for Deep Sea instead ? Deep Sea price comparable ?

Last few months it was still selling very much above list ....

the SD has been around for ages and it is therefore widely availabile in the preowned market. This is coupled by the fact that the SD was was never the more popular choice as compared to the SubDates. Taken together, from the demand/supply perspectives, the SD's easy avaliability and its less than popular demand does little to make it a instant price appreciating timepiece. The compensating factors for the SD in terms of resale prices are that it is definitely discontinued and its list price hikes to the tune of about 8.7K before it was discontinued.

the SD prices were never actually falling if it is viewed from the value retention aspect of the watch itself. The selling prices that the sellers are asking now must be taken into context from the buying prices that the watch itself was obtained in the first place. For example, if a seller puts up a locally purcahsed Z series SD for sales at 7K, it essentially is only marginally off its original purchase price, bearing in mind that the seller should have probably gotten a discount from its last local list price of about 7.7k during the time of its purchase.

As for DSSD, I would think that it is still commanding a premium considering that it is a new intro in Rolex line-up and not all freely available in ADs yet. I doubt that people are specifically dumping the SD to get it. People are selling their SD probably because they can perhaps get a good price now due to the compensating factors that I had mentioned. juz my humble thoughts

[wind128]

yes, I concur with you too. Selling Price is relative to when and where you purchase the stock and how desperate you need cash now. Buying Price is relative to how much disposable cash you have and how desperate you want the timepiece now

[Reborn]

Of course when we talk about limited numbers

I agree with kenkelvin and jazz_samz

Same theory goes for the limited editions - there may be 25 pieces available worldwide but doesn't mean price must appreciate.

the watch model must be popular in the first place, next step is to ask how many there are.

the Panerai 127 which is produced in 1950 pieces will certainly be more popular than something like De Bethune or Roger Dubuis.

[babyfolio]

I have visited a few pre-owned shops and seen many SD on display. More than other models. Seems like SD has flooded the market.

[wind128]

Another take from me is that the "falling prices" is the result of earlier buyers wanting to make a quick buck (buy from overseas and selling locally) and the local buyers, after buying a piece and found price "dropping" want to sell off quick to cut loss.

Unfortunately, potential buyers looking at the "falling prices" now hesitant and we now have a downwards cycle where there are less buyers and more sellers, and sellers being kiasu and now start to revised price downwards and this makes it worse, because buyers would now think that this confirms SD is "lose money" investment and won't buy. I suspect this is why some SDs going for < $7500 still no buyers. These are quite good prices for excellent condition SDs.

[jarren]

Unfortunately, potential buyers looking at the "falling prices" now hesitant and we now have a downwards cycle where there are less buyers and more sellers, and sellers being kiasu and now start to revised price downwards and this makes it worse, because buyers would now think that this confirms SD is "lose money" investment and won't buy. I suspect this is why some SDs going for < $7500 still no buyers. These are quite good prices for excellent condition SDs.

absolutely... there is a seller listed a brand new SD today 24/9 at 10am and watch was sold at 5pm. pricing is very important too.

[panerai7776]

Bros, any idea how much is the deep sea dweller selling for now? Saw my customer wearing it a few weeks back. Wow, what a commanding presence. Can't help but keep noticing his watch.

He told me he bought it from South Korea but was very vague about the price. Just told me about $14,000 ++.....

[Henry T]

Not all true.

If I were to sell my 16600 (bought in 2005) today I'll make a profit. It depends on when you bought it and at what price.

As for the DSSD, I have not seen it here yet. Word has it that ADs are asking RM42K, way above list price. My advise is not to be kiasu and rush out to buy one so soon. And definitely not by paying such a high premium. Being a new model and a Rolex, it will probably be in production for the next 10 years.

And for those of you who travel abroad frequently, there are some foreign ADs who give a discount from the list (retail) price. This is how the grey market can flourish.

[hesslei]

TheSeadweller is also plenty comfortable, but due to it's size and weight one could probably say there are more comfortable watches out there. But after a few hours of wear one gets over the initial shock of its size and you don't think about it much any more.The Rolex Sea-Dweller, with a rotating bezel and black dial, is an attractive looking, easy to read, watch.


================
hesslei....

[Redsub]

People are nervous nowadays, with US economy, Europe economy down, bank goes bankrupt, who's not nervous. Put lots of money in the bank u also feel nervous! There's lot of Sub and SD for sale now, Seem to me best price would sell, example our SRC $6800 for M series with box but lost paper,
this a very good deal, I for one wouldn't mind buying this watch, good value
for money. Cheers to you SRC!!

Those who try their luck at higher price I say good luck for your sale!! Take for e.g. YM D series sale for $8600.00 w Paper no box, price difference $1700.00 If I intend to spend $8600.00 I would not mind paying additional $1700.00 a piece of mind buying brand new with 2 years warranty. Second hand you do not know the history of the watch end up you might spend more money than you though!

Have a good day! Mate!

[psee]

People are nervous nowadays, with US economy, Europe economy down, bank goes bankrupt, who's not nervous. Put lots of money in the bank u also feel nervous! There's lot of Sub and SD for sale now, Seem to me best price would sell, example our SRC $6800 for M series with box but lost paper,
this a very good deal, I for one wouldn't mind buying this watch, good value
for money. Cheers to you SRC!!

Those who try their luck at higher price I say good luck for your sale!! Take for e.g. YM D series sale for $8600.00 w Paper no box, price difference $1700.00 If I intend to spend $8600.00 I would not mind paying additional $1700.00 a piece of mind buying brand new with 2 years warranty. Second hand you do not know the history of the watch end up you might spend more money than you though!

Have a good day! Mate!

Agree with bro Redsub ... particularly on the YM example ...

[keltzar]

Let's put it in perspective.

Just 12-months ago, a new SD off the gray market was $6,400 (Z-series). So really, anything above $6.4k for an SD is not exactly a bargain. I would say that only if Z-series SD come down to about $6k is it a good price ... and maybe $6.8k for M-series SD.

Just 12-months ago, an A-series SD with papers and no box was $5k. So at $7k and above, it's not cheap even now. It may be in a boom-market... but not in a bear market.

In any case, I have watched the "FS" forum here at SG-Roc since it's inception. IMHO, nothing here is cheap... and the only item I ever bought off this forum was too expensive.

Since that time I have come to rely on my regular dealer. I get my watches at less than the asking prices on this forum, with a 12-month shop warranty to boot.

[Reborn]

That's why, I say SD is a hype

Let's put it in perspective.

Just 12-months ago, a new SD off the gray market was $6,400 (Z-series). So really, anything above $6.4k for an SD is not exactly a bargain. I would say that only if Z-series SD come down to about $6k is it a good price ... and maybe $6.8k for M-series SD.

Just 12-months ago, an A-series SD with papers and no box was $5k. So at $7k and above, it's not cheap even now. It may be in a boom-market... but not in a bear market.

In any case, I have watched the "FS" forum here at SG-Roc since it's inception. IMHO, nothing here is cheap... and the only item I ever bought off this forum was too expensive.

Since that time I have come to rely on my regular dealer. I get my watches at less than the asking prices on this forum, with a 12-month shop warranty to boot.

The best solution is not to buy! LOL

[Reborn]

How do you know what price it was sold at and whether sold or just on hold?

[QUOTE=jarren;90516]absolutely... there is a seller listed a brand new SD today 24/9 at 10am and watch was sold at 5pm. pricing is very important too. [/QUOTE

and then someone flakes later - since it is a favourite pastime among some buyers. LOL - ok ok don't worry not starting flaking debate here again.......hahaha