Can anyone help with Rolex pricing?

[slf2012]

I'm going to be in the UAE next week and was hoping to be able to pick up a Rolex Daytona in steel with a black face. I think the model number is 116520.

I see a few on Ebay around the 7k mark, and know that there is normally a 6 month waiting list for these.

Can anyone give me the UK RRP for this model?

Thanks.

[slf2012]

I'm in Abu Dhabi now, and just priced a stainless steel Daytona at one of the local dealers - £7,945 at current exchange rates (49,000 AED).

I didn't discuss discounts, because there surely wouldn't be enough movement to make it worthwhile but will also check at the Duty Free on the way out on Friday.

Interestingly enough, the chap at the shop did say I could have as many as I want right now - apparently delivery is not an issue, unlike the UK.

[slf2012]

findtomdotcom said:

Ah yes the unlimited supply in Karama Market.....

Yes, if the Karama market is in the marina mall at the end of the corniche, where the Rolex dealer has a shop on the first floor selling only Rolex's with a massive Rolex sign above his shop, then your probably right. Probably all fakes.

[slf2012]

michael gould said:

The Revenue also gets information from less obvious sources, such as adverts on noticeboards in newsagents, stories in local newspapers, and even social networking sites, such as Facebook or Twitter.

To be honest, I don't believe HMRC have the resources to trawl Facebook or Twitter.

I know several people who work in the Middle East and are paid in to UK bank accounts from Dubai. The payments are in excess of £10k per payment (and at least one per month) and so the banks should be alerting HMRC of the payments under money laundering regulations.

The people come and go from the Middle East, posting on Facebook and Twitter, and have never been investigated.

I know guys that have been doing this for more than 7 years, and been posting on FB since FB started. Not one has ever even been asked to fill in a tax return.

Even my accountant, who works for a large, very reputable accounting firm in Scotland (with office in Glasgow, Edinburgh and Aberdeen) has said that if I received payment from outside the UK to a personal account, HMRC would effectively be unable to trace my income.