Rolex BLNR "Batman" - buy at premium?

Rolex BLNR "Batman" - buy at premium?

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Discussion

trowelhead

Original Poster:

1,867 posts

120 months

Monday 17th October 2016
quotequote all
Morning!

Rolex GMT-Master II 116710BLNR "Batman"

I'm looking to pickup one of these in the next few days. Emailed local AD and they say company wide out of stock and 2 year waiting list.

I can buy one from a local jeweller at a premium, retail was £5950, can pick one up for £7200 or so. (Unworn 2016 model apparently)

My question is, if i pay £1k+ over retail - is this justified. Is it likely to hold its price? Or am i buying something that will sell at £4k in a couple of years.

(yes i know, buy it because i like it not because it will hold its value etc etc)

Is there a price increase coming which will justify paying over the odds? And are they discontinuing this model?

There are a few available on ebay at the £6.5k mark but i'd rather buy from somewhere i trust.

Thoughts appreciated, cheers!

aeropilot

34,302 posts

226 months

Monday 17th October 2016
quotequote all
The reason there is no stock is largely the result of Brexit and the crashing of the pound which combined with the 'current' lower Rolex retail prices in UK, means its a foreign buyers market and thus the very popular SS sports models such as the GMT and Sub can't be found anywhere on the shelf, and there is a waiting list that's now stupid....

An expected UK price rise has been on the cards now for ages, but as yet, not happened, which may steady the ship so to speak a little, but if the pound keeps crashing it won't ultimately make much difference.

If you want one, without waiting, then you need to be very lucky, or pony up the extra for a 'grey import' from a non-AD supplier.


andy tims

5,574 posts

245 months

Monday 17th October 2016
quotequote all
Well I lost a few quid on the one I sold about year ago.

trowelhead

Original Poster:

1,867 posts

120 months

Monday 17th October 2016
quotequote all
andy tims said:
Well I lost a few quid on the one I sold about year ago.
Did you buy at retail price or at a premium?

andy tims

5,574 posts

245 months

Monday 17th October 2016
quotequote all
trowelhead said:
andy tims said:
Well I lost a few quid on the one I sold about year ago.
Did you buy at retail price or at a premium?
I bought pre-owned and below list. Supply of new was fairly constrained at the time but I don't think people were pay over list.

Buster73

5,043 posts

152 months

Monday 17th October 2016
quotequote all
trowelhead said:
Morning!

Rolex GMT-Master II 116710BLNR "Batman"

I'm looking to pickup one of these in the next few days. Emailed local AD and they say company wide out of stock and 2 year waiting list.

I can buy one from a local jeweller at a premium, retail was £5950, can pick one up for £7200 or so. (Unworn 2016 model apparently)

My question is, if i pay £1k+ over retail - is this justified. Is it likely to hold its price? Or am i buying something that will sell at £4k in a couple of years.

(yes i know, buy it because i like it not because it will hold its value etc etc)

Is there a price increase coming which will justify paying over the odds? And are they discontinuing this model?

There are a few available on ebay at the £6.5k mark but i'd rather buy from somewhere i trust.

Thoughts appreciated, cheers!
You can have mine for £7k , bought it last year and never really bonded with it , hasn't been worn a dozen times , full set including everything .

You're more than welcome to come and inspect.

Take it to pm if you want to progress it.

forest172

687 posts

205 months

Monday 17th October 2016
quotequote all
I know somebody on TZ that will let a december 2015 go at £6500 maybe a little less. UK supplied too if that makes any odds to you

jshell

11,006 posts

204 months

Monday 17th October 2016
quotequote all
aeropilot said:
The reason there is no stock is largely the result of Brexit and the crashing of the pound which combined with the 'current' lower Rolex retail prices in UK, means its a foreign buyers market and thus the very popular SS sports models such as the GMT and Sub can't be found anywhere on the shelf, and there is a waiting list that's now stupid....
I'm pretty close with a Norwegian AD who used to get SS Daytonas every 6 weeks when the UK had years of waiting lists. Even they are seeing no SS sports Rolex coming through now.

It's nothing to do with Brexit, Rolex have, for whatever reason, stifled supplies. Perhaps their new manuf plant is working acording to plan??

matjk

1,101 posts

139 months

Monday 17th October 2016
quotequote all
not that it helps you, but when i went to iceland last year they had 2 in stock at the OD and they worked out to about £5100 at the time, soooo tempted , great looking watch. Interestingly they had one in Mexico (River Maya) this week, I spoke to a sales man and he refused to believe that a non date sub was $6090 in the UK and that you get a 20% discount if you take it out of the country so $4872 in equivalent terms. He stated that this was impossible and i was deluded. But with the exchange rate its a fact. There will have to be a big correction on prices as the UK is probably the cheapest place by fair to purchase Rolex watches, my guess is RRP here is lower than dealer cost overseas now

Porsche911R

21,146 posts

264 months

Monday 17th October 2016
quotequote all
It might go up £600 in Feb as a price rise will have to happen in the U.K. When you look at world prices.

So maybe buying now at overs could be a good move at £6.5k as they will be £6.6k in a few months IMO.

Just think what overs will be like after the price rise !

aeropilot

34,302 posts

226 months

Monday 17th October 2016
quotequote all
jshell said:
aeropilot said:
The reason there is no stock is largely the result of Brexit and the crashing of the pound which combined with the 'current' lower Rolex retail prices in UK, means its a foreign buyers market and thus the very popular SS sports models such as the GMT and Sub can't be found anywhere on the shelf, and there is a waiting list that's now stupid....
I'm pretty close with a Norwegian AD who used to get SS Daytonas every 6 weeks when the UK had years of waiting lists. Even they are seeing no SS sports Rolex coming through now.

It's nothing to do with Brexit, Rolex have, for whatever reason, stifled supplies. Perhaps their new manuf plant is working acording to plan??
OK.....that's the first I've heard of that.

Is it just in Europe they are stifling supply then, as from posts on the Rolex forum from USA/Far East etc. there certainly is no reported lack of supply...?

GCH

3,984 posts

201 months

Tuesday 18th October 2016
quotequote all
trowelhead said:
Emailed local AD and they say company wide out of stock and 2 year waiting list.
rofl
Company wide? Perhaps they meant within their chain...ie, all watches of switzerland stores. Still, the usual dealer BS as to be expected.

Pretty much everywhere else aside from the UK they are easily available. I have seen several in the past month in ADs, brand new, no markup, and available for purchase there and then - however, they are in $US which would work out worse for you.
They - and subs too- are in short supply in the UK as everyone is hoovering them up due to the very weak pound.


trowelhead

Original Poster:

1,867 posts

120 months

Tuesday 18th October 2016
quotequote all
GCH said:
rofl
Company wide? Perhaps they meant within their chain...ie, all watches of switzerland stores. Still, the usual dealer BS as to be expected.

Pretty much everywhere else aside from the UK they are easily available. I have seen several in the past month in ADs, brand new, no markup, and available for purchase there and then - however, they are in $US which would work out worse for you.
They - and subs too- are in short supply in the UK as everyone is hoovering them up due to the very weak pound.
This was Prestons in wilmslow, also tried Goldsmiths - they said they have 50 names on their list!

trowelhead

Original Poster:

1,867 posts

120 months

Tuesday 18th October 2016
quotequote all
Porsche911R said:
It might go up £600 in Feb as a price rise will have to happen in the U.K. When you look at world prices.

So maybe buying now at overs could be a good move at £6.5k as they will be £6.6k in a few months IMO.

Just think what overs will be like after the price rise !
Yep this is my justification for paying slightly over retail!

trowelhead

Original Poster:

1,867 posts

120 months

Tuesday 18th October 2016
quotequote all
I went to view and try it on last night. One thing led to another and i bought it, lovely watches! smile

I don't think my Sub 14060M will get a look in now - might have to sell it!

jshell

11,006 posts

204 months

Tuesday 18th October 2016
quotequote all
aeropilot said:
jshell said:
aeropilot said:
The reason there is no stock is largely the result of Brexit and the crashing of the pound which combined with the 'current' lower Rolex retail prices in UK, means its a foreign buyers market and thus the very popular SS sports models such as the GMT and Sub can't be found anywhere on the shelf, and there is a waiting list that's now stupid....
I'm pretty close with a Norwegian AD who used to get SS Daytonas every 6 weeks when the UK had years of waiting lists. Even they are seeing no SS sports Rolex coming through now.

It's nothing to do with Brexit, Rolex have, for whatever reason, stifled supplies. Perhaps their new manuf plant is working acording to plan??
OK.....that's the first I've heard of that.

Is it just in Europe they are stifling supply then, as from posts on the Rolex forum from USA/Far East etc. there certainly is no reported lack of supply...?
Dunno really, but it could be favouring the Eastern markets. I dropped by my local AD a few weeks ago on the day they expected a Rolex delivery. Not 1 SS sports and the next delivery is the 26th Oct. They were gutted! I've got some money to burn here, and it's going on a bronze Tudor - if they get one. However, if there are any decent Rolex, it may go there instead. Almost everything is on a waiting list in Norway now. Problem is, even with discount and tax free, the prices here are now same as UK RRP!! I used to get stuff with a sizeable discount compared to UK...

Buster73

5,043 posts

152 months

Tuesday 18th October 2016
quotequote all
trowelhead said:
I went to view and try it on last night. One thing led to another and i bought it, lovely watches! smile

I don't think my Sub 14060M will get a look in now - might have to sell it!
How much did you end up paying for it ?

Porsche911R

21,146 posts

264 months

Tuesday 18th October 2016
quotequote all
GCH said:
.

Pretty much everywhere else aside from the UK they are easily available. I have seen several in the past month in ADs, brand new, no markup, and available for purchase there and then - however, they are in $US which would work out worse for you.
They - and subs too- are in short supply in the UK as everyone is hoovering them up due to the very weak pound.
no where has them in euro land I find, and as you say USA prices are laughable due to the price rise over there and the low £

what are they £7.5k !

EU prices if you do find one are also crazy money now 20% more than UK price.

Buster73

5,043 posts

152 months

Tuesday 18th October 2016
quotequote all
Porsche911R said:
no where has them in euro land I find, and as you say USA prices are laughable due to the price rise over there and the low £

what are they £7.5k !

EU prices if you do find one are also crazy money now 20% more than UK price.
Grey dealers are going to end up paying more for them so that's one way upwards for their pricing , Rolex will be lifting their U.K. retail prices accordingly to match European pricing , they make more profit , their AD's make a bigger profit per unit and everyone's happy.

Porsche911R

21,146 posts

264 months

Tuesday 18th October 2016
quotequote all
Buster73 said:
Grey dealers are going to end up paying more for them so that's one way upwards for their pricing , Rolex will be lifting their U.K. retail prices accordingly to match European pricing , they make more profit , their AD's make a bigger profit per unit and everyone's happy.
grey dealer prices are already £8k !
http://www.iconicwatches.co.uk/rolex-gmt-master-ii...