WatchUSeek Watch Forums banner

1 - 20 of 31 Posts

·
Registered
Joined
·
4,439 Posts
Are you talking about new watches or used?

For the past few months we have seen the prices of used pieces plummet. I know several companies have put off price increases of new watches, yet to my knowledge none have actually dropped their prices.
 

·
Registered
Joined
·
899 Posts
Discussion Starter #4
Are you talking about new watches or used?
New and used.

I am thinking in this economy, people are going to be buying watches in a lower price bracket(or not buy at all), hence manufacturers will lower their prices as an incentive to buy.

As a result, the lower prices intrude into the territory of lower-priced manufacturers, who have to lower their prices to maintain market share.

And so on and so forth.
 

·
Registered
Joined
·
3,208 Posts
Can we expect to see a price drop right across the board in 3 - 6 months?

I think so! What do you think?

I think it has already happened.
 

·
Registered
Joined
·
1,550 Posts
The exchange rate is the key factor and dollar will lose its value even more in 2009.o|

as far as used prices, it goes up and down depends on timing of the deals.
 

·
Registered
Joined
·
259 Posts
It has already been reported here in the UK that sales of new luxury watches have been badly hit - one of those markets that is driven by nice bonuses that have now dried up. As in all areas logically sellers will discount to move stock and create cash.

Used watch prices will inevitably fall - basic supply and demand.

Summary of current economic situation - those who have money daren't spend it, and those who don't can't borrow it.
 

·
Registered
Joined
·
305 Posts
ive been doing a lot of looking recently and with the dollar to euro and the british sterling to euro values falling and i expect them to fall much further its going to be a good buying time for us in the euro zone example got a price on a omega and a hamilton last week at my local AD in ireland and then rang an AD in england and got a much better quote, but then again if any of ye have ever been to ireland you will know that prices in ireland are much higher than anywhere else in the world at least thats what we irish like to think , i forsee my collection expanding in size and quality in the near future as long as the us dollar and the gbp keep falling im a happy camper
 

·
Registered
Joined
·
40,234 Posts
:think: No, but you'll probably be seeing a lot of "factory authorized sales." I expect spiff programs for sales people and stores to take off.
 

·
Banned
Joined
·
21,244 Posts
Prices dropping?
Yes, certainly if you live in the US and UK.
No, not neccesarily if you live elsewhere. Of course, the economy of the World has been affected, but not as badly as in the two countries affected.
 

·
Registered
Joined
·
3,371 Posts
Prices dropping?
Yes, certainly if you live in the US and UK.
No, not neccesarily if you live elsewhere. Of course, the economy of the World has been affected, but not as badly as in the two countries affected.
I'm thinking you ought to pay a little more attention to the economies of all the European countries...many are in a state of crisis...not to mention Japan.
 

·
Registered
Joined
·
1,471 Posts
Used prices have already tumbled. I don't see the major luxury mfgs. lowering their prices, however, ADs might be willing to cut better deals.
Many heretofore hard to find Rolex Daytonas are hitting the boards, many below MSRP, a far cry from last year when they were going for up to $12K (SS).
 

·
Registered
Joined
·
5,410 Posts
Used prices have already tumbled. I don't see the major luxury mfgs. lowering their prices, however, ADs might be willing to cut better deals.
Many heretofore hard to find Rolex Daytonas are hitting the boards, many below MSRP, a far cry from last year when they were going for up to $12K (SS).
Agreed. I doubt we'll see any MSRP's drop. The "out the door" price is another story though..
 

·
Registered
Joined
·
696 Posts
Absolutely prices will fall. It should be across the board and across the world.
 

·
Registered
Joined
·
477 Posts
I was thinking similar thoughts.. I noticed not too long ago that one of the Australian watch venders temporarily closed his internet webshop due to the strength of the Australian dollar.
 

·
Registered
Joined
·
9,327 Posts
Manufacturers will not drop their prices, but I agree that ADs feeling the squeeze might be willing to bargain more. The used prices on the forums have already taken a dive.
 

·
Registered
Joined
·
416 Posts
The opposite for us Aussies, I was told by several watch shops when buying my newest addition that there will be a price hike some time soon
 

·
Registered
Joined
·
57 Posts
I've noticed the MSRP pricing in Canada has increased several times in 2008 with most luxury brands. It would be nice to see a drop in the MSRP price but I really doubt that would happen. Most likely the pinch would come down to the AD's cutting deeper discounts to move inventory which I have seen a lot more of lately.
 

·
Moderator: F72 and F71
Joined
·
8,111 Posts
Manufacturers will not drop their prices...
There's certainly a price below which they can't drop their prices. The option then is to cease production. It will be interesting to see who survives, and why.

And fascinating to find out which of the failures become grails. And why.
 
1 - 20 of 31 Posts
Top