It seems as if the era of insanely high resale prices for Rolex replica watches for sale CA might finally be coming to an end, with both recent sales figures and expert commentary suggesting that a long-overdue market correction has finally hit us.
Anyone who’s even passingly familiar with watches knows that buying a cheap fake Rolex CA at retail is near-impossible right now and that the coveted watches demand a ridiculous premium at resale. The aftermarket, grey market, second-hand market, whatever you want to call it – has been totally bonkers. Or, at least, it was.
Since the start of 2022 and into 2023, we’ve started to see resale prices dramatically fall for some of perfect replica Rolex’s most coveted models. For example, prices for the GMT-Master II ‘Pepsi’ (ref. 126710BLRO) and cheap fake Rolex Submariner ‘Hulk’ (ref. 116610LV) have dropped by over 25% since this time last year.
Some models have seen even more aggressive price drops, such as the luxury copy Rolex GMT-Master II ‘Sprite’ (ref. 126720VTNR) which has dropped by 53%, according to WatchAnalytics.
But what’s causing prices to ease? While last year we thought it might be because of the crypto crash, one expert in the watch space suggests that it’s because the latest crop of speculators, who jumped on high quality replica Rolexes during the COVID-19 pandemic, are starting to go out of business as the hype around Rolexes has started to peter off and economic conditions have started to settle.
Roman Sharf, a well-known American watch dealer and founder of Luxury Bazaar, shared this revelation during a recent Watchfinder & Co. video, explaining:
Sharf also highlights the big factor that saw people investing and speculating in AAA quality fake watches during COVID: the amount of ‘free money’ the US Federal Reserve and other countries pumped into the market during the worst of the pandemic.
“The United States printed 40% more money [during COVID] than ever has been printed in this entire history of the US dollar. Other countries follow suit. Lots of money went into the market. What happens to that money? It gets spent, especially it gets spent online because now everybody’s sitting at home, and now people have this excess income and they’re saying, ‘well, what do I do with it?’ Well, a watch sounds like a good idea, a Swiss movement replica Rolex sounds like a great idea,” he points out.
Sharf also confirmed something a lot of watch fans suspected but few dealers have ever been bold enough to say: that dealers like him buy Swiss super clone Rolexes in bulk directly from ADs (authorised dealers, i.e. official Rolex dealers) and then sell them on to either customers or other dealers for a profit. It’s worth watching the video in full as Sharf shares a lot of interesting insights.