ROLEX SECONDARY MARKET: FULL GOLD ROOTBEER (126715CHNR)
This will be our first post analyzing the price of Rolex Sports Models.
Today will be the Rolex GMT Master II Rootbeer Full Everrose Gold, 126715CHNR. Released back in Baselworld 2018, along with its two-tone version 126711CHNR, and the Rolex Pepsi in Jubilee 126710BLRO. Right out of the gate, this watch was trading over retail but has come down in price over the past two years.
The closures of the Rolex factories were announced back in March, however, the effects of the lack of supply could only be felt in May. This was probably due to the yet to be released stock at the different Authorized Distributors in the months before May and can only feel the limitation of stocks in the incoming batch in May.
People stuck at home may be constantly shopping online during the Circuit Breaker, this in conjunction with the stoppage of production of watches created a phenomenon where demand was high, and supply was low. This resulted in the V shape recovery we see in the graph.