Is this a good deal? A colleague of mine spotted my 2008 LN on the rare occasions I wear it,he likes it and offer me 7K for it there and then.I never thought of selling and wondered in the present market is it a good offer? Watchfinder seem to advertise them at 9k plus!!,but we all know watchfinder are a bit out there on price. Not really thought of selling ,still love the watch,but it has got me thinking
Simple question, if you sell the Rolex and get the £7k (assuming you don't haggle) what are you going to do with the money ?
Nothing in this world is guaranteed but right now Rolex is a cast iron investment and if you don't need the money, hold onto it.
The cheapest one advertised on chrono24 is just shy of £8k (apart from a dlc coated one); the cheapest in the uk is £8.5k.
£7k therefore seems low and you wouldn’t be able to buy another to replace it fir that price should you have any regrets.
Heres my logic on it, when it was a £5k watch did everyone want one? A few did, discontinue it and pay more! Come on that’s not a logical reason to buy one. If you didn’t love it at £5k why do you love it at £9k! The watch worlds mad
RIAC
If the offer really has ''got you thinking'' then the watch is probably no longer as special to you as it once may have been, look around at what you might get more pleasure from with £7k,
"Once is happenstance. Twice is coincidence. The third time it's enemy action."
'Populism, the last refuge of a Tory scoundrel'.
Whilst that’s true Kerry, it’s a completely different discussion.Originally Posted by 100thmonkey
Always been a favourite of mine as it was my first ever Rolex, in all honesty I prefer it over the BLNR.
Keep it.
Paid £8,725 for a pre-owned 2016 model earlier this year as I couldn’t afford one when it was retailing for £5,500. I happen to think it’s the nicest Rolex GMT and who knows where it may end up?!
And replace it with what with 7k? That’s the question.
I think it's the best GMT too and am surprised Rolex cut it. I was trying to get one about 5 weeks before Basel and ad had an inkling it might be going as they hadn't had one in for months.
That kind of offer sounds to me like an opening bid. I can't see that he has thought "What's the absolute most I would spend to acquire that watch? Right, I'll offer him that.".
Now Rolex have dropped the black GMT I think it's likely to appreciate more than the batman/girl from where they are now.
Agree with 100thmonkey on this regards this watch, no great interest when it was in circulation but certainly no dud but suddenly it is discontinued and the world needs one before prices supposedly sky rocket because that is what all discontinued Rolex’s do! There a very few true Rolex investment watches outwith this current hyped up market and the LN is not one of them in my opinion.
In regards price WF and Chrono dealers may be asking £9k for this model but they are certainly not buying them in at that price and I think £7-7.5k is a fair price for a 10 year old watch which I assume is due a service sometime soon.
Yes, like the so-called experts who said the Omega Snoopy wasn’t worth £4K and advised against going anywhere near it when it first appeared....
A colleague at work is in the same boat – 3-year-old Sub date, he got it at a discount through a friend of the family and someone has offered him £7.5k. He doesn't wear it anymore as the Speedmaster never leaves his wrist.
I said if it was me I'd take it but I don't like the six-digit cases so I might be biased.
It’s a belter of a watch, very underrated. Nine of the GMTs are worth the grey values
Which nine?
All nine:-)Which nine?
I think 7.5k is a fair price for a 2008 example (with box & papers). As has been said, asking prices are rarely achieved and just an invitation to make a counter offer.
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Torn,love the watch and know i would never be able to afford one again,but 7-7.5k plus gets me a newer car ,or great holidays for the family ,or do I keep it and hope it holds/increases in value? its a tough old world.
If it helps him decide, I sold an 18 month old version to Watchfinder 3 weeks ago for that price. They put it up at £9495 and it went in 2 days. Not sure how much for but as I say it went quick.
So I'd say he could get more but that would be a quick and easy sale for him. I was happy to go via Watchfinder for the ease, knew I could get more but didn't want to advertise on here as sadly Rolex threads just evolve into ridiculousness in SC (plus wouldn't like to make money on here too)
Why not try and get a few quotes from watrchbuyers? Might help you make up your mind. If they come in a lot lower, go for the sale mentioned? If not, then you may get more or decide to keep?
Love to see a picture would be tempted myself as have been looking to get one
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