is Rolex price at its bottom now?

 It's difficult to say definitively whether Rolex watch prices are at the bottom right now. Some factors that could indicate prices are near a bottom: 

• Rolex prices have declined for certain models over the past year due to lower demand during the pandemic and other issues. If the economy starts to recover and demand for luxury watches rebounds, it could put a floor under Rolex prices and potentially lead to some price increases again. 

• The secondary market for used Rolex watches has also seen some price drops. If prices for used Rolexes stabilize or start to increase again, it could signal that new Rolex prices may have hit a bottom. Usually the primary and secondary markets influence each other.  

However, there is still a lot of uncertainty in the market and the economy. If economic issues continue or worsen again, it's possible Rolex prices could face more pressure. And Rolex is known for tightly controlling supply, so if they don't release more supply, it could keep new Rolex watches in demand and prop up prices.  

So while current lower Rolex prices could indicate we're near the bottom, there is no guarantee. The market dynamics around demand, the economy, and Rolex's supply are complex. If you're looking at buying a Rolex, it may depend on your objectives - if you want to get a good price, now could be an opportunity, but if prices could drop more, it may be worth waiting to see how things play out in the months ahead.

Recently I have noticed the trade is getting more , from these inputs

fb, Carousell, IG sales are more active especially after March 1.

Rolex Daytona Ceramic white 116500N was HK$240,000 in Feb, and now HK$260,000

So that is a good sign as Daytona is an index for Rolex price!