Is the watch market imploding...luxury watches that are going over retail plummeting in price? There definitely seems to be some evidence right now that certain models are heading in that direction! -------------------------- On this video, we're gonna be going over the current state of the watch market, being that it's the Summer of 2019. So right now it's official, I feel like all these watches that were really high in the market have officially peaked and are starting to go down. Has the bubble blown up? I don't think so, but I think it's definitely deflating a little bit. We just saw prices on Pateks 5980s and the 5711s drop ten to twenty thousand dollars in the process of two weeks. I knew that was coming. The prices were just too high and they were unsustainable. Pretty much how was something worth something if no one's buying it? In reality, I didn't see a single private pay the premium of $180,000 or $200,000 for a 5980 rose. So pretty much it was just dealers asking that price. So it's official, prices are starting to simmer down and in the summer is when prices go down the most. We're gonna have to wait and see what happens. So what is the problem with the market right now? Well, I feel like there's been an over-saturation of dealers buying these watches a little bit too expensive and holding them and asking too much of a premium out of speculation that the consumers are gonna buy it. I can't tell you how many times I quoted a guy for a 5980 $150,000 knowing I couldn't even buy one and not one person asked me what was the condition, what were the years of the papers, was it new or unworn. Nobody even asked me if I had it in stock. Everybody just ran. So we'll have to see what happens. I mean, I think that 140 even up to 150 is sustainable on a 5980, but I feel like the market has changed. Maybe Asia is not buying as much or maybe people just are not willing to pay that much for the watches. Another good example is Rolex. In my previous video, I was stating how the Batman was as high as $22,0000. That's just stupid. For $22,000 you could probably buy a much more attractive watch than a Batman on a jubilee. The crazy part is is that now Rolex is shipping them to all the ADs. So now we got these fly-by-night watch dealers which are really just privates putting them on a credit card and floating it for a month seeing if maybe us dealers buy them. I just don't see the end consumer paying the high premiums for that Batman, so those are also going down a little bit. It's a very turmoil moment right now in the Summer of 2019 for these over-inflated watches. One thing that I wanna mention is that not every single watch is being affected by this right now. For example, the Yacht-Master in yellow gold has been a little bit difficult t ... https://www.youtube.com/watch?v=nLywEA6twv4

The Rolex Sea-Dweller 4000 could become the next sleeping giant in the world of Rolex watches. Read on... ------------------- What's up people? This is Eric Rivera here and I wanna talk to you about what I think right now could possibly be the biggest sleeper Rolex at the moment...and that is, the Sea-Dweller 4000. So this is a special watch man. I mean, in the past before this ceramic era, they had the Sea-Dweller, the standard Sea-Dweller. This is the before the introduction of the Deepsea and all that. What happens is they came out with the new ceramic version of this watch dubbed the “Sea-Dweller 4000.” That's what we all call it because of the 4000 feet rating. The thing is is they didn't make a lot of them and you don't see a lot of them, but I feel like it kind of got swept under the rug the second that the Deepsea got released. I mean, I myself just totally overlooked it for years. I mean, I knew it was out, but I wasn't really that hot into it. That was in the era when watches started to get a little bit super sized and it went to the Deepsea. So the Deepsea came out, “Oh my God! It's a Submariner on steroids!” And whatever, I ended up trading my Kermit for it. Worst decision of my life. Still to this day it pisses me off, but whatever. I ended up buying that watch, realizing it's too big, but the thing is is I feel like since that watch came out and it made so much noise and it was just so different, I feel like the Sea-Dweller 4000 kind of just stayed behind. They stayed at the ADs, nobody really bought them, very slow moving piece even at that moment. For the most part in general, you always sell about six or seven maybe even ten Submariners in the amount of time that you sell one of these watch, both in this version and the previous version. The thing is is that now in recent times there's been a lot of increase in prices, all the sports models have been shooting up, but this is one of those ones that's been sleepy quiet there and no one's talked about. I've noticed that the prices right now are clearly at $11,000. This is a watch that was $7,000, maybe three or four years ago. So it leaves me to think, is this the next sleeper watch from Rolex that's slowly sitting there behind? I mean, they didn't make it for too many years and they discontinued it and then of course, it's been overshadowed by the Sea-Dweller, then the Deep Blue Sea Sea-Dweller, and then now the release of the Anniversary Red Sea-Dweller. This one's kind of falling behind in the back seat, but I just finally was able to get one in my hands because man I have not seen one in quite some time. What originally sparked my interest was that out of nowhere, a friend of mine was trying to buy one and I looked on eBay and I noticed, man they're getting kind ... https://www.youtube.com/watch?v=Ql-yhOWDjGk

Submariner Hulk...this is the ultimate test and Carlos fails! #submariner #rolex #watches #greymarket #crmlife #crmjewelers #hulk ... https://www.youtube.com/watch?v=yiJi3oT5xPo

Shop online ? https://www.crmjewelers.com/crmcharlie #luxurywatches #rolex #watches #mlk #audemarspiguet #jeweler #miami #richardmille #watchmarket #watchcollection ... https://www.youtube.com/watch?v=kqQIM_mv2l8