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Thread: Are they having a laugh?

  1. #1
    Master
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    Are they having a laugh?

    This thread might cause a bit of stick because itís . . . . . Another Rolex thread. If so just ignore it.

    Just canít believe the price, itís gone mad - £19,950 for a Daytona. They obviously think someone will pay it.


    https://www.watchfinder.co.uk/Rolex/...94/item/124325


    Itís not even new

  2. #2
    Master
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    Well, it does have stickers.

  3. #3
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    Nope, they've got a degree of hold over the market and are taking advantage of that position, if they hold much of the stock they'll just push the prices up to see how far they can go. The only solution is to buy what is available and preferably new - from an AD, or don't participate at all.

    This bubble is effectively ruining the watch collecting hobby for us mere mortals.

  4. #4
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    Laugh

    Quote Originally Posted by Devonian View Post
    This thread might cause a bit of stick because itís . . . . . Another Rolex thread. If so just ignore it.

    Just canít believe the price, itís gone mad - £19,950 for a Daytona. They obviously think someone will pay it.


    https://www.watchfinder.co.uk/Rolex/...94/item/124325


    Itís not even new

    Watchfinder have been having a laugh for quite sometime and the need it now crowd have been feeding this comedy that is Rolex secondary pricing. The white dial Daytona does appear to be the one to have of the two and seems to turn up less frequent but just like the Pepsi pricing etc, these kind of prices are not sustainable. Not sure how much credit facility Watchfinder has on its books but with the amount of stock they currently have it would maybe be wiser to reduce some pricing and get stock out the door.

  5. #5
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    Trust me someone out there would bite the bait. Thatís whatís driving the insane prices


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  6. #6
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    Quote Originally Posted by Flasher View Post
    Watchfinder have been having a laugh for quite sometime and the need it now crowd have been feeding this comedy that is Rolex secondary pricing. The white dial Daytona does appear to be the one to have of the two and seems to turn up less frequent but just like the Pepsi pricing etc, these kind of prices are not sustainable. Not sure how much credit facility Watchfinder has on its books but with the amount of stock they currently have it would maybe be wiser to reduce some pricing and get stock out the door.
    They are part of the Richemont group now so don't think their "credit facility" will be an issue.
    Last edited by johnnyhayward; 8th November 2018 at 19:24.

  7. #7
    Grand Master Dave+63's Avatar
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    Quote Originally Posted by Chairman LMAO View Post
    This bubble is effectively ruining the watch collecting hobby for us mere mortals.

    Only if you insist on collecting desirable Rolex watches. Thereís plenty of great, much cheaper watches available.


    Quote Originally Posted by Flasher View Post
    these kind of prices are not sustainable.
    I wouldnít be so sure about that!

  8. #8
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    Since many (non-WIS) Rolex buyers judge desirability by price, I wouldn't be surprised if jacking the price up means they sell even more!

  9. #9
    Master -Ally-'s Avatar
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    Probably bought in about £13k.

  10. #10
    Master
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    £20k and you canít even tell the time.

    I have noticed the silly price GMTís arenít selling now over on TRF. Day they came out some nutter paid $20k for one and even posted saying he didnít even know why he bought it! Thereís been one in the sale section for a while now, still stupid money but it as much as the initial lunacy and not going anywhere.

  11. #11
    Master Neilw3030's Avatar
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    And how about this one, its sheer madness.
    https://forums.watchuseek.com/f30/fs...a-4810607.html

  12. #12
    Master
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    Quote Originally Posted by Neilw3030 View Post
    And how about this one, its sheer madness.
    https://forums.watchuseek.com/f30/fs...a-4810607.html
    Sanity may prevail though, that as is 3 weeks old. At time of launch they were over $20k and it would have sold instantly, now theyíre sitting around at $18k

  13. #13
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    Quote Originally Posted by kinyik View Post
    Trust me someone out there would bite the bait. Thatís whatís driving the insane prices
    It would be quite some hangover the next morning when reality kicks in.

  14. #14
    The reliability of Rolex as currency means that they are by now the number 1 choice for moving money across borders. They are as good as cash.

    I think there's more to the grey prices than simply a load of chavs have to have them.

  15. #15
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    Everyone says the bubble will one day burst. I donít see this happening in the near future anyway seeing as to how Rolex isnít about to ramp up their production 10 fold to meet the 100 fold increase in demand.


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  16. #16
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    Quote Originally Posted by kinyik View Post
    Everyone says the bubble will one day burst. I donít see this happening in the near future anyway seeing as to how Rolex isnít about to ramp up their production 10 fold to meet the 100 fold increase in demand.
    But most of the hundred fold in demand is purely to move them on at a profit.

    If they increase production ten fold it would eliminate the 100 fold brigade in an instant Ö and leave Rolex in Breitling or Tag company.

  17. #17
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    I saw a Rolex in the window of Goldsmiths in Leeds the other day, £19k also, canít think which model now, it was a two-tone one. They also had a yacht master on the rubber strap for about £11k, a few two tone Datejusts for about £8k and some OPís for around the £4K mark. Iím back there next week, gonna have a look to see how many of that lot are actually left. Thereís a Prestonís opposite but their Rolex range is poor, they seem to get much more interest in the Tudorís from what I can tell - they have most models, brand new.

  18. #18
    Master -Ally-'s Avatar
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    Makes the black one at £16,250 seem somewhat of a bargain.

  19. #19
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    WF buy in

    Quote Originally Posted by -Ally- View Post
    Probably bought in about £13k.
    Not sure Ally if WF would even pay £13k buy in price if my experience with my Daytona 16520 white dial is anything to judge by. Full set with everything including booklets, swing tags etc and RSC service, a watch which they are currently selling at £42k, offer to me was £14k possibly £15k.

    I think the days of WF being the best place to sell your watch are over, have noticed a significant change in buy in pricing and selling prices, they are getting more like Chisholm Hunter every week.

  20. #20
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    Quote Originally Posted by 200mwaterresistant View Post
    The reliability of Rolex as currency means that they are by now the number 1 choice for moving money across borders. They are as good as cash.

    I think there's more to the grey prices than simply a load of chavs have to have them.
    Yep, huge potential for thieves and crooks to launder money etc. It can also be used as a hedge, I for one, would rather hold a Daytona than the equivalent amount in GBP at the moment!

  21. #21
    Grand Master seikopath's Avatar
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    Quote Originally Posted by Chairman LMAO View Post

    This bubble is effectively ruining the watch collecting hobby for us mere mortals.
    Oh, so you've noticed? Second hobby of mine to have gone up the tubes.
    So long, and thanks for all the fish :)

  22. #22
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    Quote Originally Posted by seikopath View Post
    Oh, so you've noticed? Second hobby of mine to have gone up the tubes.
    Out of interest, what was the other?

  23. #23
    Master
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    The market always finds its own level. If the demand is there, it will sell. If it is overpriced, it will stick, simple as that.

  24. #24
    Master
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    My favourite Daytona is the 16520 Zenith Daytona. They are now £20k. I was on the waiting list for one back in 1998. The retail was £3600 but they were trading at £7000 due to there being the usual waiting list which was quoted at 5 years but was more like 7 years. I missed the boat as it got discontinued before I could get one. I resorted to buying one a few years later at the inflated price. The price now is out of reach of most people and to be honest, very disappointing to see all of the massively over inflated prices.

    Watchfinder are not really responsible, yes they are trying to get what they can, but Rolex can roll these and other sports models out to every retailer if they want to. But they dont because they are the limiting supply to create hype, demand and sky high prices. Rolex than can therefore have complete control over the market and raise prices at will.

  25. #25
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    Let's see how quickly it sells.

  26. #26
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    That is just silly.

    It's now into Royal Oak Chrono territory.

    & to think a the fool that I am sold a Dec 2017 WG Daytona for £22K
    Last edited by Van Diemen; 9th November 2018 at 13:08.

  27. #27
    Quote Originally Posted by clockwatcher View Post
    My favourite Daytona is the 16520 Zenith Daytona. They are now £20k. I was on the waiting list for one back in 1998. The retail was £3600 but they were trading at £7000 due to there being the usual waiting list which was quoted at 5 years but was more like 7 years. I missed the boat as it got discontinued before I could get one. I resorted to buying one a few years later at the inflated price. The price now is out of reach of most people and to be honest, very disappointing to see all of the massively over inflated prices.

    Watchfinder are not really responsible, yes they are trying to get what they can, but Rolex can roll these and other sports models out to every retailer if they want to. But they dont because they are the limiting supply to create hype, demand and sky high prices. Rolex than can therefore have complete control over the market and raise prices at will.
    Don't see how Watchfinder will be influencing prices Worldwide, so no, of course it's not them.

  28. #28
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    Quote Originally Posted by johnnyhayward View Post
    They are part of the Richemont group now so don't think their "credit facility" will be an issue.
    Coincidentally theyíve given a half year update:


    Richemontís luxury jewellery sales pop

    Swiss luxury group Richemont (CFR.VX), which owns brands like Cartier and Montblanc, reported first-half results on Friday.

    Sales were up 21% to Ä6.8bn in the six months to 30 September. Operating profit dipped by 3% to Ä1.13bn due to acquisition costs. Clothing sales surged by 433% in the half, boosted by Richemontís takeover of online luxury retailer Yoox Net-A-Porter, which completed in May. Jewellery jumped by 15%.

    ďExcluding Online Distributors, sales growth was primarily driven by strong performance of the Jewellery Maisons and double digit increases in the Maisonsí directly operated boutiques and online stores,Ē chairman Johann Rupert said in a statement.

    But Rupert also mentioned ďgrowing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environmentĒ and sales growth in September was weaker than expected. Shares were down around 6% in early trade.

  29. #29
    Grand Master seikopath's Avatar
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    Quote Originally Posted by Chairman LMAO View Post
    Out of interest, what was the other?
    Ancient beads.

    You think Rolex price increases are crazy?

    I stopped checking prices on nine eyed dzi once they past half a million dollars
    So long, and thanks for all the fish :)

  30. #30
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    Quote Originally Posted by Neilw3030 View Post
    And how about this one, its sheer madness.
    https://forums.watchuseek.com/f30/fs...a-4810607.html
    At today's exchange rate that's £14,175. There's a dealer on eBay asking £14,850 - nearly 5% more.

  31. #31
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    Quote Originally Posted by Flasher View Post
    I think the days of WF being the best place to sell your watch are over, have noticed a significant change in buy in pricing and selling prices, they are getting more like Chisholm Hunter every week.
    Last WF accounts were to 31 March 2017.

    Sales £86.7m with a gross margin of 17.3%.

    Stock was £22.8m - so c 3 months sales.

    Main funding was £10.5m of medium term bank loans.


    I suspect that the figures for the year to 31 March 2018 will be even more "healthy".

  32. #32
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    Some guy had one on the bay yesterday (116500) with a white face for £23500

    I have just checked and he has reduced now to £20,000 plus 50 postage 👍

  33. #33
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    Quote Originally Posted by Lawbreaker5000 View Post
    Some guy had one on the bay yesterday (116500) with a white face for £23500

    I have just checked and he has reduced now to £20,000 plus 50 postage 

    There does seem to be a huge "hope" premium in eBay asking prices and then new listers use those as their benchmark! I'd love to know what the various scarce models actually change hands at.

  34. #34
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    Some muppet just listed new PEPSI here for $27,500. Was bought overseas so he would have paid 10 - 20% less than retail and thus tax free....and is selling for 3 x purchase price...Ēa fool and his money are easily partedĒ.
    Sadly, it is this situation that prevents genuine buyers from getting access to such pieces.


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  35. #35
    Master
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    Quote Originally Posted by Kingstepper View Post
    Don't see how Watchfinder will be influencing prices Worldwide, so no, of course it's not them.
    I was not suggesting worldwide prices. I was referring to WF's advert!!!

  36. #36
    Quote Originally Posted by clockwatcher View Post
    I was not suggesting worldwide prices. I was referring to WF's advert!!!
    You said they werenít responsible (for high prices presumably). I was agreeing, just pointing out that this was obvious.

  37. #37
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    The 116500 Daytona seems to be hyper-inflated everywhere else too to be fair; it starts at about £15k on Chrono 24 as well.

    Seems ridiculous that people are willing to pay well over the RRP for a still in production watch, but I guess the price is what the market will bear.

  38. #38
    Master
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    When you consider what the aquanaut and nautilus are selling for, it is not surprising that the Daytona is being advertised at £20k now.

    This has always been the watch that was one of the most difficult to buy at RRP even when others were selling below RRP (I remember a few years back a nautilus sitting on SC below RRP)

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