Nottinghamshire miner's rare 'holy grail' Rolex sells for £175k

[Reiver]

Right now, this very minute, I am wearing a 39mm Explorer which could never be described as bling, in fact it is rather dowdy and is my second favourite to a knacked looking Explorer11.

Two of my favourite Rolex’s for the very reason that they aren’t bling.

[wainy001]

Lovely watch yhough


Sent from my iPhone using TZ-UK mobile app

[Wildboar]

I’m relatively new to this forum, but constantly see the term ‘Rolex bubble’ come up again and again. I have grown up in the watch trade and known it all my life and Rolex is not a bubble, it has shown growth for many years due to clever marketing and specialist sales started by antiquorum back in the 90s.
An example of a watch bubble would be the madness around swatch watches in the late 80s and early 90s with specialist sales and unbelievable prices.

[Daddelvirks]

I did own a tulip once, but it died on me.

[Snowdon]

I think it was cheap. Some POS RM popped up on my Instagram this morning. Price? 300k!

I think there's plenty of room for appreciation in price if RMs are changing hands at that price

[David_D]

I’m relatively new to this forum, but constantly see the term ‘Rolex bubble’ come up again and again. I have grown up in the watch trade and known it all my life and Rolex is not a bubble, it has shown growth for many years due to clever marketing and specialist sales started by antiquorum back in the 90s.
An example of a watch bubble would be the madness around swatch watches in the late 80s and early 90s with specialist sales and unbelievable prices.

I think the "bubble" suggestion is based on massive price increases over the last 2-3 years. No-one is suggesting that prices haven't drifted up for a good few years before that. As someone also pointed out, in UK price terms, the impact of the strengthening CHF/GBP is a significant factor.

A dealer reportedly listing a new 41mm OP for £8,200 when you could but a steel Daytona for £9,500 2-3 years ago does look like a bubble to me.

[Buster73]

But not sentimental enough to sell out at the right price

My sub non date is sentimental to me for various reasons, if I was offered such a sum I’d not be able to get it off my wrist quickly enough.