closing tag is in template navbar
timefactors watches



TZ-UK Fundraiser
Results 1 to 32 of 32

Thread: Rolex Submariner / GMT - Where do sensible prices start ?

  1. #1

    Rolex Submariner / GMT - Where do sensible prices start ?

    Exactly 2 years ago I was asked to help a family member locate a S/S Rolex Daytona for an important birthday. With some helpful advice on here, I eventually sourced a 2016 'full set' 116520 white dial for £10.5k It was acquired for everyday wear, which it has enjoyed, and the recipient was highly delighted - and even more so now it is probably worth £15k.

    However, he is now a bit more reluctant to wear it all the time and has asked for advice on a more usable Rolex sports model for day-to-day, and is quite keen on a S/S Sub or a S/S GMT.

    The question is, where do sensible prices start for a good honest watch in excellent order? Lots of choice at £5-6k, but is £3-4k realistic?
    He might accept the head only as it will probably go on a rubber strap.

    thanks

  2. #2
    Craftsman
    Join Date
    Sep 2018
    Location
    Southampton
    Posts
    298
    It depends which variant he is after but there have been several instances of late where people have walked in to ADs and walked out with a new SS sub no date and SS GMT with no wait despite all the hype you read about. Therefore my first port of call would be ADs that are failrly local to me.

    That being said if hes after a hulk or batman its a totally different story.

  3. #3
    Master
    Join Date
    Mar 2015
    Location
    Glasgow
    Posts
    2,650
    Quote Originally Posted by Geneve View Post
    Exactly 2 years ago I was asked to help a family member locate a S/S Rolex Daytona for an important birthday. With some helpful advice on here, I eventually sourced a 2016 'full set' 116520 white dial for £10.5k It was acquired for everyday wear, which it has enjoyed, and the recipient was highly delighted - and even more so now it is probably worth £15k.

    However, he is now a bit more reluctant to wear it all the time and has asked for advice on a more usable Rolex sports model for day-to-day, and is quite keen on a S/S Sub or a S/S GMT.

    The question is, where do sensible prices start for a good honest watch in excellent order? Lots of choice at £5-6k, but is £3-4k realistic?
    He might accept the head only as it will probably go on a rubber strap.

    thanks
    If he wants one at 2K below the going rate why don't you ask him if he'd sell his Daytona at 2K below the going rate.

  4. #4
    Grand Master Andyg's Avatar
    Join Date
    Oct 2008
    Location
    Wiltshire
    Posts
    21,078
    Surely an Explorer 2 might be a better option. Same features as a GMT (pretty much) and can be found for Sub £4K.

    Otherwise a nice 16700 or 16710 for around £6k for a bare watch.

    Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
    Friedrich Nietzsche


  5. #5
    Master -Ally-'s Avatar
    Join Date
    Mar 2011
    Location
    Eurabia
    Posts
    8,331
    Didn’t know you were related to Sahara.

    Good luck.

  6. #6
    Grand Master Dave+63's Avatar
    Join Date
    Jun 2012
    Location
    East Sussex
    Posts
    10,591
    Quote Originally Posted by Geneve View Post
    The question is, where do sensible prices start for a good honest watch in excellent order? Lots of choice at £5-6k, but is £3-4k realistic?
    He might accept the head only as it will probably go on a rubber strap.

    thanks
    The simple answer is no.

    The £3-4K sub/gmt ship has well and truly sailed.

    Explorers and explorer IIs are toward the £4K mark now and probably over that soon.

  7. #7
    Agree about the Explorer 2 - that's what I wear day to day.

    But his query related an entry level Sub or GMT

  8. #8
    Master murkeywaters's Avatar
    Join Date
    May 2013
    Location
    Near the sea
    Posts
    2,459
    What happens if he does acquire a cheap Sub and it doubles in price, will that become too costly to wear?

    Unless you find a desperado most Sub/GMT's will be high £4k+..

  9. #9
    Grand Master Andyg's Avatar
    Join Date
    Oct 2008
    Location
    Wiltshire
    Posts
    21,078
    Quote Originally Posted by Geneve View Post
    Agree about the Explorer 2 - that's what I wear day to day.

    But his query related an entry level Sub or GMT

    In which case no. Unless it's moody or a bitsa.

    Whoever does not know how to hit the nail on the head should be asked not to hit it at all.
    Friedrich Nietzsche


  10. #10
    Quote Originally Posted by Dave+63 View Post
    The simple answer is no.

    The £3-4K sub/gmt ship has well and truly sailed.

    Explorers and explorer IIs are toward the £4K mark now and probably over that soon.
    Surely a good/v good full set Explorer II is over £4K these days - I wish they were much cheaper, as Id like to add a serviced white dial. A loose one (that may or may not need a service) don’t seem to be a million miles away from there from a quick look!
    It's just a matter of time...

  11. #11
    Craftsman
    Join Date
    Apr 2017
    Location
    England
    Posts
    322
    The £4k full set Exp 2 ship has also sailed if talking dealer prices

  12. #12
    Journeyman
    Join Date
    Oct 2016
    Location
    UK
    Posts
    197
    Where are these 3-4K subs and GMT’s?


    Sent from my iPhone using Tapatalk

  13. #13
    Master
    Join Date
    Apr 2009
    Location
    Edinburgh
    Posts
    1,958
    Quote Originally Posted by LeBowl View Post
    Where are these 3-4K subs and GMT’s?


    Sent from my iPhone using Tapatalk
    They'll be back if the far Eastern economies take a spanking sometime!

  14. #14
    Journeyman
    Join Date
    Jul 2018
    Location
    London, UK
    Posts
    185
    How about a lovely explorer 1? Since he already has a ‘tool’ watch...

  15. #15
    3 to 4k is not realistic!

    Sent from my SM-G950F using TZ-UK mobile app

  16. #16
    Craftsman
    Join Date
    Apr 2015
    Location
    Wixams, Beds
    Posts
    554
    He's probably be better off looking at the tudor range for the money he has. He can walk away with a tudor gmt under his budget today (albeit still at a premium over rrp).
    However given the financial shocks the near future seems to hold (brexit, whatever is going on in china, the downturn in the stock markets) I'd be holding on to my money and waiting to see what effect it has on luxury goods prices, the 4k GMT may be just around the corner, or not - who knows.

  17. #17
    IMO your relative should just stick to wearing his Daytona - 15K is the price a dealer would charge you so if he traded it in he could expect significantly less........so in real terms he has done well but I don't think the increase in value is sufficient to warrant a decision not to wear the watch.......but it his watch and his decision to make. If he has a budget of 3-4K then, as others have said, he is looking at an Explorer or Explorer II......and the best examples are now north of 4k. Mike Wood had a GMTII-C for sale recently (on a rubber strap) for 4.5K but not seen other examples at that price for sometime. I hope that you manage to get something sorted. Good luck.

  18. #18
    Craftsman
    Join Date
    Feb 2014
    Location
    UK
    Posts
    820
    I'd be looking at the Explorer 1 or if the Sub/ GMT style is desired then the Explorer 2.

  19. #19
    Thanks for all of that.

    He's very pleased with his Daytona, and just made the point that he may not want to wear it all the time and had been thinking of an entry level Sub or GMT for other occasions.

    Don't think he has a specific budget, but said that asking prices for Subs seem to start at c.£4.5k and GMTs at c.£5.5k. His query was because, for not much more, nearly new Subs with box and papers are around £6k.

    My preference would be the Explorer II, but it's not for me.

  20. #20
    Journeyman
    Join Date
    Jan 2013
    Location
    Preston
    Posts
    64
    Quote Originally Posted by Dave+63 View Post
    The simple answer is no.

    The £3-4K sub/gmt ship has well and truly sailed.

    Explorers and explorer IIs are toward the £4K mark now and probably over that soon.
    Where can you find Explorer 2’s at the £4K level? Cheapest I can see are around £5k on Chrono24. Am I looking in the wrong place?


    Sent from my iPad using TZ-UK mobile app

  21. #21
    Grand Master Raffe's Avatar
    Join Date
    Feb 2012
    Location
    Lëtzebuerg
    Posts
    15,045
    I checked yesterday and there are probably 20 EXII 16570 at or below 4k in Chrono24.
    Который час в москве?

  22. #22
    Grand Master Dave+63's Avatar
    Join Date
    Jun 2012
    Location
    East Sussex
    Posts
    10,591

    Rolex Submariner / GMT - Where do sensible prices start ?

    Haywood has got one for £4,199

    https://www.miltonaires.com/product/7393

    It may be possible to pick one up privately for around £4K though.

    The five digit explorers are generally a little cheaper than the explorer II too.

    Like this one.

    https://www.miltonaires.com/product/7440

  23. #23
    Journeyman
    Join Date
    Jan 2013
    Location
    Preston
    Posts
    64
    Quote Originally Posted by Raffe View Post
    I checked yesterday and there are probably 20 EXII 16570 at or below 4k in Chrono24.
    Sorry, I was leaving looking for a white dial with box and papers. £6k seems to be the starting price...


    Sent from my iPhone using TZ-UK mobile app

  24. #24
    Grand Master Raffe's Avatar
    Join Date
    Feb 2012
    Location
    Lëtzebuerg
    Posts
    15,045
    Quote Originally Posted by JJ Mclure View Post
    Sorry, I was leaving looking for a white dial with box and papers. £6k seems to be the starting price...


    Sent from my iPhone using TZ-UK mobile app
    That must be expensive box and papers. I bought a white dial 16570 without for under £3,400 this week.
    Который час в москве?

  25. #25
    Craftsman
    Join Date
    Apr 2017
    Location
    England
    Posts
    322
    I’ll admit to paying a very reputable dealer a bit over £5k for a 2007 3185 polar with box and papers and Dec 18 Rolex service. I paid a premium, I know, for the comfort of the service and dealer.

    £3400 is very good for a loose one, private sale though?

    I think high 4s from your average dealer with box and papers but no obvious recent service is doable.

    Low to mid 4s for a black one for sure. Miltonaires has a couple of 3186s for high 4s, which seem a bargain to me from such a good dealer.
    Last edited by Berty234; 19th January 2019 at 09:53.

  26. #26
    Grand Master Raffe's Avatar
    Join Date
    Feb 2012
    Location
    Lëtzebuerg
    Posts
    15,045
    Quote Originally Posted by Berty234 View Post
    I’ll admit to paying a very reputable dealer a bit over £5k for a 2007 3185 polar with box and papers and Dec 18 Rolex service. I paid a premium, I know, for the comfort of the service and dealer.

    £3400 is very good for a loose one, private sale though?

    I think high 4s from your average dealer with box and papers but no obvious recent service is doable.

    Low to mid 4s for a black one for sure. Miltonaires has a couple of 3186s for high 4s, which seem a bargain to me from such a good dealer.
    I think it was a fair price given age and condition.

    I think your prices are off, there is a very nice black 16570 with box and warranty papers on SC which has been bumped for a few weeks at £3,800 without sale.
    Который час в москве?

  27. #27
    The Explorer II in SC isn't for sale, the owner is looking for an interesting trade. He said he's turned down purchase offers. Also, I think it doesn't have the original warranty card and is the slightly less popular black dial.

    From my limited market research 'asking prices' roughly seem to start from:
    - Explorer II - c.£3.5k - £4.5k
    - Subs - £4.5k - £5.5k
    - GMTs (Coke/Pepsi) - £5.5k - £6.5k

    In all cases, dealer prices start at the higher end, and B&P 'full sets' can add about 25%. Factors such as condition, ownership history, originality, Rolex service history, inclusion of bracelet, location, private sales, etc, all have a +/- influence on the true value.

  28. #28
    Craftsman
    Join Date
    Apr 2017
    Location
    England
    Posts
    322
    Quote Originally Posted by Geneve View Post
    The Explorer II in SC isn't for sale, the owner is looking for an interesting trade. He said he's turned down purchase offers. Also, I think it doesn't have the original warranty card and is the slightly less popular black dial.

    From my limited market research 'asking prices' roughly seem to start from:
    - Explorer II - c.£3.5k - £4.5k
    - Subs - £4.5k - £5.5k
    - GMTs (Coke/Pepsi) - £5.5k - £6.5k

    In all cases, dealer prices start at the higher end, and B&P 'full sets' can add about 25%. Factors such as condition, ownership history, originality, Rolex service history, inclusion of bracelet, location, private sales, etc, all have a +/- influence on the true value.
    I think that’s a very accurate summary, lower end of those scales being a real bargain and the higher with b&p premium being dealer/buy the seller comfort prices

  29. #29
    Journeyman
    Join Date
    Sep 2017
    Location
    United Kingdom
    Posts
    59
    As others have said, try a local AD and you might get lucky and bag a new ND sub for retail. I've not seen any non bi metal GMT in an AD for a very long time.

    If there is a concern about wearing the value I'd agree that tudor would be a great place to look too, fantastic watches for the money.

  30. #30
    Master
    Join Date
    Apr 2017
    Location
    M62 corridor
    Posts
    1,353
    2015!

  31. #31
    Journeyman
    Join Date
    Jan 2019
    Location
    Leeds
    Posts
    52
    Quote Originally Posted by Dave+63 View Post
    The simple answer is no.

    The £3-4K sub/gmt ship has well and truly sailed.

    Explorers and explorer IIs are toward the £4K mark now and probably over that soon.
    Very true 3/4K won’t get you much in the Rolex world these days !
    Alaw


    Sent from my iPhone using TZ-UK mobile app

  32. #32
    Craftsman
    Join Date
    May 2016
    Location
    South East
    Posts
    605
    That's exactly what I did two weeks ago, tried a couple of Dealers close to me and they laughed, tried a bit further afield and actually got someone helpful- picking my ND up this week :-)


    Quote Originally Posted by MarkR View Post
    As others have said, try a local AD and you might get lucky and bag a new ND sub for retail. I've not seen any non bi metal GMT in an AD for a very long time.

    If there is a concern about wearing the value I'd agree that tudor would be a great place to look too, fantastic watches for the money.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •