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Thread: And you think the price of steel Rolex is mental....

  1. #1
    Grand Master TaketheCannoli's Avatar
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    And you think the price of steel Rolex is mental....

    https://www.watchfinder.co.uk/Patek%...38fec3d&rank=2

    What on earth is going on here? Yes I know it's supply and demand but....wow!

  2. #2
    Master mjrennie's Avatar
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    Watchfinder driving market prices upwards in a pretty despicable way, IMHO. Who buys from them? Fair question.

  3. #3
    Retail price £25,960
    Our price £94,950

    Lol

  4. #4

    Innit

    A fool and his money…

  5. #5
    Grand Master TaketheCannoli's Avatar
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    It is a fair question and one I can't answer. Their prices even for fairly run of the mill watches are sky-high.

    They have a platinum Daytona with an RRP of £59k for an unbelievable £125k. Who buys that?

    Quote Originally Posted by mjrennie View Post
    Watchfinder driving market prices upwards in a pretty despicable way, IMHO. Who buys from them? Fair question.

  6. #6
    Master Rinaldo1711's Avatar
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    Quote Originally Posted by TaketheCannoli View Post
    https://www.watchfinder.co.uk/Patek%...38fec3d&rank=2

    What on earth is going on here? Yes I know it's supply and demand but....wow!
    if you include the Watchfinder warranty it looks a bit of a bargain - if you’re off your meds.

  7. #7
    Quote Originally Posted by TaketheCannoli View Post
    It is a fair question and one I can't answer. Their prices even for fairly run of the mill watches are sky-high.

    They have a platinum Daytona with an RRP of £59k for an unbelievable £125k. Who buys that?
    The US market is driving the prices, and is in another league when it comes to demand for high end watches.

  8. #8
    Quote Originally Posted by noTAGlove View Post
    The US market is driving the prices, and is in another league when it comes to fools who want to get rinsed of their hard earned cash
    FTFY

  9. #9
    I am not sure if they are being bought at these prices.
    If they are, then good for the dealers and the buyers. I would never buy at these inflated prices but am not unduly worked up, if some do.

  10. #10
    Grand Master abraxas's Avatar
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    Quote Originally Posted by TaketheCannoli View Post
    https://www.watchfinder.co.uk/Patek%...38fec3d&rank=2

    What on earth is going on here? Yes I know it's supply and demand but....wow!
    If you ever listen to Roman Sharf... that's about the right price for the model. Money is only important if you don't have it.
    "Owning one is almost as satisfying as making one." ~ Rolex 1973

  11. #11

    And you think the price of steel Rolex is mental....

    Quote Originally Posted by abraxas View Post
    If you ever listen to Roman Sharf....
    “That’s sick. How much? Naked or complete?” (Or is that the other channel?)

    You are right, there is money sloshing around, £25 or £100 Gs to the very wealthy, probably makes no difference. What else are they going to spend it on? Taxes for universal health care?


    Sent from my iPad using Tapatalk

  12. #12
    Craftsman
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    Quote Originally Posted by TaketheCannoli View Post
    It is a fair question and one I can't answer. Their prices even for fairly run of the mill watches are sky-high.

    They have a platinum Daytona with an RRP of £59k for an unbelievable £125k. Who buys that?
    Patek have been trading above for some time, factor in they make a lot less and modes either DC'd of expect to the prices has gone up further.

    The Platinum Daytona is just following the overall rolex market. Gone are the days of WF having it at retail or below.


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  13. #13
    Craftsman SteveM112's Avatar
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    And you think the price of steel Rolex is mental....

    .....
    Last edited by SteveM112; 4th July 2021 at 13:27.

  14. #14
    Craftsman
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    That kind of money for the super rich is just drop in ocean.


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  15. #15
    Grand Master
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    Once things go over retail its a silly game played by those impressed by the value not the object. I know the majority of people who buy the ‘desirable/exclusive/over RRP watches want them because they are expensive only and perceive they will profit from them.

    To truly profit from an item you need to enjoy it and disregard what its worth, Ive worn (through previous job) Platinum Daytona’s, 5711’s, etc for extended periods, when they were £45k and £15k respectively I didnt see the value and would not have spent my own money on them so the willy waving price inflation only serves to confirm why I wouldn’t want one personally and those impressed by the value are slightly deluded, materiel focussed and possibly quite shallow. So the saying goes ‘How do you know there’s a Patek 5711 owner in the room?, Oh he will tell you!’

    Theres literally waves of people who brought a Daytona for £11k sold it for £15k who now wish they had kept it to sell for £25k and likewise with 5711’s and there’s also a load of people who wish they had brought one when they were cheaper but seriously they never wanted them, if they did they would not have sold them regardless of price and if they really wanted one they would have brought one when cheaper. If a 5711 was £3k no one would be interested.
    RIAC

  16. #16
    Grand Master abraxas's Avatar
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    Quote Originally Posted by BillyCasper View Post
    “That’s sick. How much? Naked or complete?” (Or is that the other channel?)

    .......
    Roman
    https://m.youtube.com/channel/UCoPXAn8QnYeVLvcW8z9LDmQ
    "Owning one is almost as satisfying as making one." ~ Rolex 1973

  17. #17
    Grand Master Neil.C's Avatar
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    Quote Originally Posted by abraxas View Post
    Money is only important if you don't have it.
    Is the right answer I think.

    Lots of things the super rich buy are probably a head scratcher to some but it's a different world.
    Cheers,
    Neil.

    My Speedmaster website:

    http://www.freewebs.com/neil271052

  18. #18
    Craftsman
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    Quote Originally Posted by TaketheCannoli View Post
    It is a fair question and one I can't answer. Their prices even for fairly run of the mill watches are sky-high.

    They have a platinum Daytona with an RRP of £59k for an unbelievable £125k. Who buys that?

    I believe the Platinum Daytona is now POA

  19. #19
    I see the "guaranteed buy back for what you paid in 2 years" offers have all evaporated - probably what started the asset/trinket blurring/speculation in the first place.

  20. #20
    My friend bought two of these (one for him, one for a friend) at 30% discount from a UK AD around 6/7 years ago

    He paid around £35k. Identical watch. Probably on the old old guarantee (does that make it more valuable?)

    The world needs its head checked

  21. #21
    Grand Master abraxas's Avatar
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    Quote Originally Posted by TaketheCannoli View Post
    https://www.watchfinder.co.uk/Patek%...38fec3d&rank=2

    What on earth is going on here? Yes I know it's supply and demand but....wow!
    Green Dial Nautilus 5711 Madness
    https://thetruthaboutwatches.com/202...-5711-madness/
    "Owning one is almost as satisfying as making one." ~ Rolex 1973

  22. #22
    Master
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    Called at a shop yesterday and the owner wasn't wearing his 2006 Kermit but had on a 2007 casino royale PO he had got that week. Told me the shop he got it from had obtained a Patel Travel time new for a customer and it was selling for over 120k

  23. #23
    Master
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    Take a look at the prices of the PM nautilus (40th anniversary one)

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