Rolex shuts all plants and prepares for worst year ever

DerekJohnson

https://thestar.com.my/news/regional/2020/03/19/rolex-shuts-all-plants-and-prepares-for-worst-year-ever

Meek

meanwhile Apple will roll out more watches. Rolex sells the couch.

YellowSnow

Meek said:

meanwhile Apple will roll out more watches. Rolex sells the couch.

Apple doesn’t sell watches.

PurpleBaze

Apple makes vapid wrist devices.

CFetters_Nacho_Lover

Live feed from the trailer park @swaye.

YellowSnow

PurpleBaze said:

Apple makes vapid wrist devices.

Excellent use of vapid in a sentence.

RoadDawg55

Freeme thinks all of this is a good thing because the government is valuing health over business. Basically anyone that doesn’t sell a necessity is fucked because of the Corona hype. Other than the makers of toilet paper and bottled water, business has cratered.

ThomasFremont

RoadDawg55 said:

Freeme thinks all of this is a good thing because the government is valuing health over business. Basically anyone that doesn’t sell a necessity is fucked because of the Corona hype. Other than the makers of toilet paper and bottled water, business has cratered.

Yeah, that’s totally what I said.

BleachedAnusDawg

I am looking forward to taking advantage of the cratered luxury watch market.

Swaye

BleachedAnusDawg said:

I am looking forward to taking advantage of the cratered luxury watch market.

I already have. Twice. Market cratered last week.

Swaye

PurpleBaze said:

Apple makes vapid wrist devices.

On the right, we have a titan of industry/international playboy who drops panties worldwide. On the left, we have a faggot.

BleachedAnusDawg

Swaye said:

BleachedAnusDawg said:

I am looking forward to taking advantage of the cratered luxury watch market.

I already have. Twice. Market cratered last week.

Sensei, is it better to buy during the panic now, or in 6 months in the middle of the recession when people are jobless and flooding the used market with inventory to pay their rent? I'm looking at Tudor Black Bays, Breitling Navitimers, various Speedmasters, etc. Step below the Rolex tier.

Swaye

BleachedAnusDawg said:

Swaye said:

BleachedAnusDawg said:

I am looking forward to taking advantage of the cratered luxury watch market.

I already have. Twice. Market cratered last week.

Sensei, is it better to buy during the panic now, or in 6 months in the middle of the recession when people are jobless and flooding the used market with inventory to pay their rent? I'm looking at Tudor Black Bays, Breitling Navitimers, various Speedmasters, etc. Step below the Rolex tier.

No crystal ball here but I figured the sheer panic in many sellers last week when the stock market was sliding 10% a day almost every day would promote panic selling prices, and I wasn't wrong. Picked up a full set unpolished Kermit Flat 4 for well under 20K. That watch was 30K 6 months ago. Now, could it be 15K in another 6 months? Sure. But, it is a historically significant one year only reference that will ALWAYS be in demand with collectors and Rolex lovers. 20 years from now it's a 50K watch, minimum. So, long view says any great deal right now will work out long term. Might they go down quite a bit more, yep. But savvy collectors I know are buying now during the panic. My best guess is both will work. Now and in 6 months. I think the good times of the last 3 years are over, and we will be back to the "buy a watch you love, wear it, and watch it appreciate slowly" game.

BleachedAnusDawg

I don't know why I didn't think of this when first reading the article, but doesn't Rolex shutting down operations and planning for their worst year ever make the whole "waiting list"thing bs?

Doog_de_Jour

BleachedAnusDawg said:

I don't know why I didn't think of this when first reading the article, but doesn't Rolex shutting down operations and planning for their worst year ever make the whole "waiting list"thing bs?

Maybe. It takes a year to make a single watch:

https://www.manufacturingglobal.com/leadership/backstage-rolex-top-10-facts-about-watchmakers-manufacturing-process

@Swaye, what say you?

Swaye

Something else I just picked up during the panic. This thing is next level. 15202 Jumbo first gen white dial.







All high end watch photos should have bread in the background. Super nice watch though.

Swaye

Doog_de_Jour said:

BleachedAnusDawg said:

I don't know why I didn't think of this when first reading the article, but doesn't Rolex shutting down operations and planning for their worst year ever make the whole "waiting list"thing bs?

Maybe. It takes a year to make a single watch:

https://www.manufacturingglobal.com/leadership/backstage-rolex-top-10-facts-about-watchmakers-manufacturing-process

@Swaye, what say you?

Sounds legit. But this isn't like some handmade watch that a guy spends a year crafting. It's just that all the individual pieces creation and then final assembly can be a year start to finish. Rolex makes an outstanding watch. But it is nowhere near the level of Audemars Piguet, Patek, or certainly something like ALS or FP Journe. But they are super robust, classic, and really define what it means to have an enduring yet accessible "luxury" watch.

Doogles

Swaye said:

Something else I just picked up during the panic. This thing is next level. 15202 Jumbo first gen white dial.







All high end watch photos should have bread in the background. Super nice watch though.

Mother of God.

YellowSnow

Swaye said:

Something else I just picked up during the panic. This thing is next level. 15202 Jumbo first gen white dial.







All high end watch photos should have bread in the background. Super nice watch though.

@Swaye I wish Rolex would switch to sapphire backs so you could see the guts. This is one thing I love about Omega's direction.

Swaye

YellowSnow said:

Swaye said:

Something else I just picked up during the panic. This thing is next level. 15202 Jumbo first gen white dial.







All high end watch photos should have bread in the background. Super nice watch though.

@Swaye I wish Rolex would switch to sapphire backs so you could see the guts. This is one thing I love about Omega's direction.

The problem is you wouldn't want to see a Rolex guts. They do not do any movement finish, pretty much at all. I do agree that in their PM offerings it would be nice to see them actually finish these movements nicely, and show them off. Especially for the prices they ask.

Swaye

@YellowSnow also that AP movement above blows away anything Rolex would ever do in their wildest dreams. And if you want your mind completely blown, get a load of this from ALS.