Sub Date - what’s going on with prices?
Discussion
troika said:
Crikey. Just had another look on watchfinder etc and prices seem to have jumped up a fair bit in the past few months. Are they selling or is it kite flying?
I think you'll find that WF prices are "optimistic".... Try Chrono24 for a better indicator, but you might want to disregard some of the more speculative prices on there tooGenerally, if its a watch with a plentiful supply, the market will set the price - just take an average of a dozen or so prices of watches very similar to yours.
If the watch is more exclusive (eg Submariner 'Hulk' or stainless Daytona) then prices are anyone's guess, ranging from eye-watering to frankly ridiculous. Still, while there are buyers willing to pay the prices, there will be sellers willing to take advantage.
Most commentators say that the bubble has to burst soon, but then they've been saynig that for the last two or three years....
Nigel_O said:
I think you'll find that WF prices are "optimistic".... Try Chrono24 for a better indicator, but you might want to disregard some of the more speculative prices on there too
Generally, if its a watch with a plentiful supply, the market will set the price - just take an average of a dozen or so prices of watches very similar to yours.
If the watch is more exclusive (eg Submariner 'Hulk' or stainless Daytona) then prices are anyone's guess, ranging from eye-watering to frankly ridiculous. Still, while there are buyers willing to pay the prices, there will be sellers willing to take advantage.
Most commentators say that the bubble has to burst soon, but then they've been saynig that for the last two or three years....
My sub non date cost me £1300 many years ago, paid £3670 for my Daytona 15 years ago , the bubble can burst and It’ll be the grey dealers that take the real hit , not the guy in the street with one or two nice watches purchased at more realistic prices.Generally, if its a watch with a plentiful supply, the market will set the price - just take an average of a dozen or so prices of watches very similar to yours.
If the watch is more exclusive (eg Submariner 'Hulk' or stainless Daytona) then prices are anyone's guess, ranging from eye-watering to frankly ridiculous. Still, while there are buyers willing to pay the prices, there will be sellers willing to take advantage.
Most commentators say that the bubble has to burst soon, but then they've been saynig that for the last two or three years....
Bought a new date Sub from my AD in April; Chrono24 saying it’s increased in value by 38% since then. Nice to know, but a fun fact only (for the moment!).
More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
rog007 said:
More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
I think that’s a bit optimistic, there are absolutely loads of black GMT’s for sale on all the watch sites, many have been there for a long time. The ones looking for a quicker sale are more sensibly priced around the 9K mark for older 2009 116710LN and even they’re not shifting. rog007 said:
Bought a new date Sub from my AD in April; Chrono24 saying it’s increased in value by 38% since then. Nice to know, but a fun fact only (for the moment!).
More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
Do they have a valuation tool (can’t see one)? Browsing on chrono 24 confirms values have jumped a lot. I don’t need to sell it but just don’t wear it living in the sticks. At the moment it looks better than money in the bank. More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
troika said:
rog007 said:
Bought a new date Sub from my AD in April; Chrono24 saying it’s increased in value by 38% since then. Nice to know, but a fun fact only (for the moment!).
More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
Do they have a valuation tool (can’t see one)? Browsing on chrono 24 confirms values have jumped a lot. I don’t need to sell it but just don’t wear it living in the sticks. At the moment it looks better than money in the bank. More interestingly, my black GMT II bought exactly 12 months ago has increased in value by 80% its saying; probably helped by it being discontinued.
Guess when the black gmt got discontinued.
Edited by anonymous-user on Saturday 24th August 11:49
Dom Hackett has just sold (according to his site, not that I visit it often... honest!) a 2-year-old no-date for £7,395
Nearly £2k over the then-list price of £5,450, and a substantial premium for the less, even the least, desirable of the bunch. I think this market is madness, but I guess if I were selling one I would probably reconsider my opinion...
Nearly £2k over the then-list price of £5,450, and a substantial premium for the less, even the least, desirable of the bunch. I think this market is madness, but I guess if I were selling one I would probably reconsider my opinion...
troika said:
That can’t be the same Sub as mine. Chrono24 is suggesting £6,305 (2005 model 16610) although those of the same provenance and condition seem to be up for a fair bit more than that. Of course, they are for sale, not sold.
The model in that pic is a 116610LN, the ceramic versionbazza. said:
The Kermit isn't doing to badly, which isn't bad for a watch nobody wanted back in the day
The good thing is with this service the price isn't just picked out the air but its from watches
sold on Chrono24
The 'fat fours' are firmly at the top of the pile price wise, chrono 24 prices starting at just under 10k now for 'pointy fours'. A short while ago I saw one asking 44k, some real chancers about. Kermits in a definite bubble which will do what bubbles always do. Mine's not going anywhere, I bought it because I fell in love with it at first sight when they were new.The good thing is with this service the price isn't just picked out the air but its from watches
sold on Chrono24
fausTVR said:
The 'fat fours' are firmly at the top of the pile price wise, chrono 24 prices starting at just under 10k now for 'pointy fours'. A short while ago I saw one asking 44k, some real chancers about. Kermits in a definite bubble which will do what bubbles always do. Mine's not going anywhere, I bought it because I fell in love with it at first sight when they were new.
I was lucky and only paid £3100 for my one some 9 years ago in fact its still under warranty as I had it Serviced a year and a half a go ,
Being a discontinue model Sir I don't ever believe you'll see these drop in price they will only rise there is
No bubble when it comes to these full stop .
bazza. said:
fausTVR said:
The 'fat fours' are firmly at the top of the pile price wise, chrono 24 prices starting at just under 10k now for 'pointy fours'. A short while ago I saw one asking 44k, some real chancers about. Kermits in a definite bubble which will do what bubbles always do. Mine's not going anywhere, I bought it because I fell in love with it at first sight when they were new.
I was lucky and only paid £3100 for my one some 9 years ago in fact its still under warranty as I had it Serviced a year and a half a go ,
Being a discontinue model Sir I don't ever believe you'll see these drop in price they will only rise there is
No bubble when it comes to these full stop .
Loved it, but selling allowed purchase of two new Rolexes (that as mentioned earlier, are enjoying their own rise in values).
I buy you watches I like, it’s just the ones I like coincidentally keep rising in value!
rog007 said:
bazza. said:
fausTVR said:
The 'fat fours' are firmly at the top of the pile price wise, chrono 24 prices starting at just under 10k now for 'pointy fours'. A short while ago I saw one asking 44k, some real chancers about. Kermits in a definite bubble which will do what bubbles always do. Mine's not going anywhere, I bought it because I fell in love with it at first sight when they were new.
I was lucky and only paid £3100 for my one some 9 years ago in fact its still under warranty as I had it Serviced a year and a half a go ,
Being a discontinue model Sir I don't ever believe you'll see these drop in price they will only rise there is
No bubble when it comes to these full stop .
Loved it, but selling allowed purchase of two new Rolexes (that as mentioned earlier, are enjoying their own rise in values).
I buy you watches I like, it’s just the ones I like coincidentally keep rising in value!
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