I put a sell request into Watchfinder in Dec 2019 for a white dial OP39 as I was thinking of getting one and wanted to see what the hit would be if it didn't work out. WF sent me a quote for £3,800-£4,000 and I decided against it.
Imagine my surprise when I got two emails from WF yesterday for the same watch again quoting £3,800-£4,000. One as a reminder and one from one of their stores that I've never been to.
They must be spamming everyone trying to get that Christmas stock ready.
Yup, about sums it up!
In my view (and I'm wrong as often as I'm right), this is a bubble. Maybe the booming Chinese economy will pick up the excess supply when the UK economy hits reality in the next few months and people paying £12,000 for a grey market 2020 214060 Sub as an "investment" need the cash.
Saw these two in the window today in Berlin so price is obviously in €Euros
Exhibition only (Hate it when they do that to mass produced metal) but I have to say I was not impressed with the colour.
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Tidy profit for someone there!
I give you the £7.5k OP! Tell me the world hasn't gone mad.
https://www.ebay.co.uk/itm/ROLEX-OYS...L/324344148267
Last edited by David_D; 22nd October 2020 at 12:47.
https://www.investopedia.com/article...are-greedy.asp
"be fearful when others are greedy, and greedy when others are fearful”
Might be relevant to the Rolex market as things stand.
I don't think you read my post properly. I had two emails - one was a reminder on a 10 month old quote and one was a direct email from one of their stores. A store I have never been I to. The quote reminder may count as email marketing if you're clutching as straws but a store manager manually going through the database from last December looking for leads and throwing out copy/paste emails... not so much.
I saw a couple of submariners in the window of a local jeweler in Harrogate that sells second hand watches mostly omega and Rolex. One of them was at a not so stupid price of around 6.5k
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I’ll raise you. £8,295 for a turquoise one.
https://www.ebay.co.uk/itm/164466573081
In that case, I'll raise you! £8750 for the tomato soup red at Watch Club, although they prefer "gorgeous (and rarest variant) vivid Coral Red dial" Obviously no grossly inflated price over RRP embarrasses the Watch Club staff or maybe they just have a laugh after hours when some sucker buys from them.
Last edited by Flasher; 24th October 2020 at 14:59. Reason: error
It is not even a pleasant red!
I would rather wear the pink
Asking prices are meaningless if nobody is buying.
The problem is it becomes like a form of confirmation bias when lots of dealers price like this. People looking to buy, who are not well informed, will look at other retailers online to see if the pricing is sensible where they intend to make their purchase. If lots of places have silly prices, then the buyer thinks that is the norm and will pay it. In effect the dealers are all propping up each other’s prices. Plus people are rightly worried about being sold a fake, so probably justify the expense of going to a dealer over other buying options, when they struggle to get things in bricks and mortar stores. I am not sure that exploitative is a word you can really apply in the context of a luxury watch purchases but it does feel a little exploitative .
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41mm OP black face was put in the window bull ring goldsmiths. Sold an hour ago
I wonder how many people will buy these because they can’t buy the ss sports professional models they’ve been after for the last couple of years? I’m sure Rolex have done the numbers
I think that it is easy when we are so embedded in the watch community, to think that everyone who wants a Rolex wants a stainless steel sports model. The reality though, i would imagine, is that most Rolex purchases are made by people who are not hardcore watch enthusiasts. Many of those people just want a Rolex and then pick one that takes their fancy. There are plenty of people I am sure who buy an oyster perpetual or a date just, are very happy to do so, and don’t feel they are buying their second choice. They are easy for Rolex to make, clearly not hard for Rolex to sell (I know Rolex don’t directly sell to consumers but you know what I mean) and I doubt that is driven predominantly by a lack of dive watches being available.
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I kind of agree with what you say as that’s what it was like historically and date justs were always Rolexes biggest seller so it makes sense. However we’re now seeing regular posts on various forums where people in the watch community are buying Rolex watches that. . . They don’t really want. Second or third choice so to speak. Some, many more likely, are buying watches they don’t want to ‘get on the list’. Worse still people with no real interest in watches are buying them as the return is better than banks. People that know me, know I have an interest in watches, so I get asked quite a lot about them. I could name a dozen or so people who have asked what to buy to make money on (my answer is always that anything you can buy won’t make you money, you are just gambling). It’s all a bit sad but true. So I go back to my point, Rolex no doubt have done the numbers on how many of these they can sell.
This thread has sort of lost its purpose. It was never intended to be a debating chamber, just a heads up of watches freely available to buy.
Just saying...
I was shown these earlier this week without asking. Didn’t realise they were difficult to get. Then again I didn’t ask if I could buy as I wasn’t interested anyway. They would have probably said “exhibition only” if people are waiting.
Last edited by FK77; 29th October 2020 at 11:40.
If they had the yellow too please drop me a pm!