Reply With QuoteOriginally Posted by 100thmonkey
I sooooooo want that same watch.....
True. I do love it and my guilty pleasure is a RG Daydate with Olive dial
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RIAC
I sooooooo want that same watch.....
Me three
Good!
No doubt people will work their way round it but if it keeps more watches away from grey dealers, I'd say it's a good thing.
You said it yourself, sell watches, plural, not a single hugely in demand watch and then nothing for days, so why not keep the watch back and tie it in as bait with another watch buy or two, in fact the situation is so seller friendly on the popular models that they are regularly asking for gold purchases to secure the lowly steel, as outlined here.
Disagree. In the past Grey dealers have been able to offer unworn/ new watches at discounted prices, thus putting pressure on ADs to give discounts. The customers benefitted from this, no doubt about that.
if the grey dealers go to the wall it’ll be a bad thing for customers. Remember, there ate lots more watches to buy and enjoy than the few models that ate in short supply, it’s not all about Hulks, BLNRs etc, some people like the rest of the range and the grey dealers can offer these models at favourable prices.
Your logic’s a bit flawed IMO.
Paul
Last edited by walkerwek1958; 12th February 2018 at 00:30.
Not seen many (online) dealers selling anything (vaguely newish) at less than list - or less than I could buy privately.
My serious beef is with people who buy watches with the sole intention of selling on for a profit.
I've no problem with individuals moving on watches they've worn but fancy a change or want to free up some cash for something new. I can't see what grey dealers bring to the party; there's a very active market between private individuals who will trade at whatever the parties decide. Dealing for profit doesn't help the enthusiast.
Anyway, what I think ain't going to change anything.
I have a friend who owns a limited addition deep sea model, and was interviewed by Rolex before being allowed to make the purchase
I can see the logic in a 2 SS sports watch limit. SS watches are a way into rolex for younger customers. Once they get a sub or gmt or Daytona, they have a Rolex and start to appreciate it. Then as they get older their tastes progress to other models that are less desirable. But, now they are more likely to stick with Rolex, as opposed to having tried to get one earlier, been told they can’t or it takes so long that they lose interest, which means they probably bought something by omega or whoever and now don’t have that same loyalty to Rolex...
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Restricting supply increases value. Flooding the market decreases value. It’s a proven marketing ploy. Ask DeBeers - they controlled the flow of diamonds for years. If they were to release just 20% of their diamond stock onto the market, the price would crash and that’s not in their interest. Rolex, if they are doing it, are doing the same and you can rest assured they are not doing it for the good if the consumer. They are doing it for the good of Rolex.
To add... I also ordered a ceramic Daytona on the day it was announced, sadly I decided to visit the AD in person rather than phone.. By the time I arrived that afternoon (Goldsmiths in the Trafford Centre), I was 37th on 'the list'. When they got to 50 they closed the list. Haven't heard anything since, I should pop in and ask how far I've moved on the list. BTW they have two lists, one for black and one for white dialled. Each with a 50 limit.
Would be good in my eyes , stops people buying purely to resell.
Well, according to our Bannon member they also want to sleep with you and offer you a great discount.
Seems like everyone is clamouring to own a new Rolex Sports watch......
Partially the idea that it is a great movement/build, partially the aspirational aspect.......
But I think a lot of the above is underpinned by the rock-solid residuals, and even the chance that it will actually go UP in value.
I think a lot of the above is due to how Rolex manage production and sales, but still people are shouting:
"How dare Rolex limit production!"
"How dare Rolex only send a few to UK dealers!"
"How dare Rolex remove the stickers!"
"How dare Rolex retain the warranty cards!"
They want all of the 'benefits' (exclusivity, aspirational value, resale etc) - but they demand this on their terms!
[EDIT] To clarify - the "they" are the purchasers (prospective and past).
Last edited by blackal; 12th February 2018 at 13:52.
^^^^^^
Oh No!
Shock horror a commercial company wants to control its products and image for the benefit of the company.
If that is actually true, I would have told them to stuff it.
It is a watch, I'm not apply to adopt a child, or even at a job interview.
F'em
Spot on.
Take away the residual retention and you would not have this clamour to must get a Rolex sports on my wrist. Certainly in the past years Rolex always retained a certain amount of the original value but no were near the 80-100% that many buyers expect now and that is playing a part in the Rolex bubble at the moment.
A bit like the housing market, were everyone believes that they will never lose money but when they do not get the price they were expecting, the tears flow and the blame game starts because they were told you never lose money.
i give massive credit to everyone who decides to buy an Omega or Heuer etc. as there appears to be none of this value retention or investment talk from those buyers, just people who want to enjoy a watch for what it is.
What is the watch. Since when do Rolex do LEs? Or is it some sort of regimental edition?
Sometimes I feel I'm so out of step with most of this forum
M
I just presumed it was the Cameron Blue but maybe he will clarify
In some ways, Rolex watches would be more fun if ownership didn't seem to be tightly connected to 'residuals.'
Watches where just more fun in general 10 years ago - at least for me. Sure daytonas were hard to get and expensive, but $3,000 for a near new Sub... things were different. Forums were different too - a lot tighter and more community focused.
I still love watches, but I'm not sure this hobby would appeal to me had THIS been my introduction.
I'm currently struggling with this part. I've wanted an IWC Portugese Chrono for as long as I can remember, this one to be exact:
But the cost of it new (£6,550 before any discount) is putting me off as I'd lose a chunk of that the second I walked out the shop. On the other hand I could put my name down for a Hulk, which I've also coveted for a while, collect it in 18 months or whenever I eventually get to the top of the list, safe in the knowledge that should I urgently need the cash I could probably sell for a profit...
I want the IWC because it's gorgeous, but the value of both watches is such that either would be a massive purchase for me. I'm 31 and have a young family and am fortunate enough to be financially relatively secure with a well paying job, but should things go t*ts up the Hulk will probably be the better buy.
Buy the IWC used if you're not averse. Their MSRP is pretty ludicrous, but their depreciation is strong. Take advantage of that.
Faster than a cannonball to the bottom of a pool. ;)
They seem to drop and stabilize for the most part. I've been wanting a mini Portuguese forever and they've been $3,500+/-$500 the whole time.
Such a lovely little dress watch. Much better looking than anything similarly priced.
I'm currently struggling with this part. I've wanted an IWC Portugese Chrono for as long as I can remember, this one to be exact:
But the cost of it new (£6,550 before any discount) is putting me off as I'd lose a chunk of that the second I walked out the shop. On the other hand I could put my name down for a Hulk, which I've also coveted for a while, collect it in 18 months or whenever I eventually get to the top of the list, safe in the knowledge that should I urgently need the cash I could probably sell for a profit...
I want the IWC because it's gorgeous, but the value of both watches is such that either would be a massive purchase for me. I'm 31 and have a young family and am fortunate enough to be financially relatively secure with a well paying job, but should things go t*ts up the Hulk will probably be the better buy.
You are going to lose money on nearly every watch on the market with a couple of exceptions. If you cannot live with the thought of lossing money on a purchase maybe putting your name on the wish list for a Hulk is your best alternative but in 18months etc, what price the Hulk, do you think you can still turn a profit. Future values is just a guess, just like secure jobs, you never know what is coming your way.
Not everybody thinks in residual terms.
Last edited by Chris_in_the_UK; 12th February 2018 at 19:20.
When you look long into an abyss, the abyss looks long into you.........
I've worn my Explorer every day since I got it over two years ago. It's been a great watch, never missing a beat, never feeling inappropriate to wear for any given situation. I still get a sense of satisfaction looking at it, and remember the excitement of buying it, having lusted after it for a long, long time. Being able to strap it to my wrist (the right way around) and knowing it was mine, that I'd be able to wear it from then onward whenever I wanted to, was hard to believe but thrilling to contemplate. After babying it for the first few months, it received its first knock after I bumped it against a door while on holiday with my family. That mark now acts as a wonderful reminder of a great holiday, and every time I notice it I think about that holiday and how amazing it was that I was able to share my one-year old daughter's excitement about being away from home and the novelty of staying in a far away place, and all the fun we had together. They are memories I cherish as my daughter gets older, and the Explorer is bound up in them.
But reading over the weekend that a used one from WF now costs more than RRP is definitely the best thing about it. $$$$$
What a great post.I've worn my Explorer every day since I got it over two years ago. It's been a great watch, never missing a beat, never feeling inappropriate to wear for any given situation. I still get a sense of satisfaction looking at it, and remember the excitement of buying it, having lusted after it for a long, long time. Being able to strap it to my wrist (the right way around) and knowing it was mine, that I'd be able to wear it from then onward whenever I wanted to, was hard to believe but thrilling to contemplate. After babying it for the first few months, it received its first knock after I bumped it against a door while on holiday with my family. That mark now acts as a wonderful reminder of a great holiday, and every time I notice it I think about that holiday and how amazing it was that I was able to share my one-year old daughter's excitement about being away from home and the novelty of staying in a far away place, and all the fun we had together. They are memories I cherish as my daughter gets older, and the Explorer is bound up in them.
But reading over the weekend that a used one from WF now costs more than RRP is definitely the best thing about it. $$$$$
My 15200 gets very little wrist time now. However, it was the first Rolex I ever bought, I got married wearing it, witnessed the birth of my two children with it and a whole host of other memories.
I am damn sure it’s worth more than the (discounted) £1650 I paid for it in 2003, but it will be the last watch I sell.
Last edited by Chalet; 12th February 2018 at 20:07.
Austin Kaye are currently buying them in for around £1250, so you might have to gather some more memories but it is a really nice model reference to wear.
What a throughly distasteful response to what was a lovely post. I’m sure you’re proud of yourself though!
Ok, the 116520 Daytona I picked up from Schiphol for £6300 in 2015 is a nice memory to square that.
Thanks Devonian for pointing out the real context of my post.
Do not believe there was anything distasteful in my response, the last couple of replies have mentioned Rolex value and I gave some input to those mentioned values.
Maybe if the values had been omitted from the original posts they would have been even more poignant.
Last edited by Flasher; 12th February 2018 at 20:57. Reason: Error
Maybe, my point being that I couldn’t replace that watch or those memories with any money, the figure (or the watch)could have been anything.
Proof of the buy in figure?
When you look long into an abyss, the abyss looks long into you.........
Completely see your position. As annoying as it is when people are yapping on about Rolex and residuals sometimes it’s those residuals that give people the confidence to buy. I think without the residuals of some brands / specific watches a few of us here would own less watches. I would probably own just one or two.I'm currently struggling with this part. I've wanted an IWC Portugese Chrono for as long as I can remember, this one to be exact:
But the cost of it new (£6,550 before any discount) is putting me off as I'd lose a chunk of that the second I walked out the shop. On the other hand I could put my name down for a Hulk, which I've also coveted for a while, collect it in 18 months or whenever I eventually get to the top of the list, safe in the knowledge that should I urgently need the cash I could probably sell for a profit...
I want the IWC because it's gorgeous, but the value of both watches is such that either would be a massive purchase for me. I'm 31 and have a young family and am fortunate enough to be financially relatively secure with a well paying job, but should things go t*ts up the Hulk will probably be the better buy.
I’m thinking about selling a Speedy to buy something else but the whole buying for ~£3k and selling for £2k stings and makes me think twice.
Weird how when it comes to other hobbies residuals don’t get a mention but for some reason when it comes watches we’re obsessed.
Having checked C24 that may be their buy in figure, but nobody would sell at that.....
I was challenging the troll.
When you look long into an abyss, the abyss looks long into you.........
Well, some of you seem to be.
IWC are tremendous value in the US. Huge discounts available off RRP is common, not quite the same in the UK unfortunately. Used to be able to pick up that model for £2500-£2800 but those days are behind us over here.
They produce some wonderful watches, classic dial layouts on some of the dress models and I've always had a soft spot for the Aquatimer although my preference is for the earlier references.
Recently came across the Portuguese perpetual "Shanghai edition" on a trip to Holland, absolutely stunning in every respect and the Santoni strap was up there with the best I've seen.
Buy correct and and they put a smile on your face every time. :)
You want a Portugeiser from IWC; so you buy a Rolex. If you don't buy the watch you really want, why bother at all? After all, no-one 'needs' a luxury watch of any kind.
Buy what you really want, used if need be. It will make you grin....
Last edited by paskinner; 13th February 2018 at 09:55.
What kind of questions was he asked?
And was he under oath?
Interesting to look at stock levels showing at Watchfinder- I suspect they often show fewer listings than stock held but they are showing 4 each of D-blue , SD43 , BLNR and 6 Hulk !
Of course they do!
There was a point where I was interested in a white Snoopy, so I had a dialogue with them, only to see it disappear from the website during the negotiation. I was disappointed until I was told they had another one (and possibly more) in stock, not showing on the site.
Create an impression of short supply and Bob’s your aunties brother!
Was he "under air" ?
So what has changed that they now decide to show such an abundance of stock?
Who’s to say they don’t have even more?
the price of the hulk maybe :)
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