Rolex Submariner
Discussion
Hi
I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
TROOPER88 said:
Hi
I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
Too much to discuss in one post as this is a massive topic, but read the "Has the Rolex bubble burst" thread if you want more information.I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
Basically:
Demand for these watches outstrip supply massively. Everyone is trying to buy them, and there is nowhere near enough to keep up with demand.
Due to the huge demand, the AD's who are selling them new (Authorised Dealers) are using the opportunity to sell more stuff. This means that they will mostly sell watches like the Submariner to people who buy other watches and other jewellery off them.
Essentially, you are most likely to be 'allowed' to buy a Submariner if you buy other stuff from that dealer and have a history of spending with them.
Chronological waiting lists don't really exist anymore. The concept of just waiting for a few weeks or months until you come to the top of the list has gone.
The dealers are pretty much only interested in selling to the bigger spenders and regular customer, but that isn't to say you don't stand a chance. Some people do get watches by just asking nicely and waiting 12 months or whatever, but that is rare.
If you want one without any kind of long wait, or without having to buy various other items from a dealer, then your best bet is to just buy one from a grey dealer for the £10k you mention.
You will find that many of the grey dealers have lots of brand new watches for £10k because people buy them from Rolex for £7k and then sell them straight to the grey dealers without ever wearing them.
Edited by anonymous-user on Tuesday 27th July 16:04
As above you are probably best reading through the Rolex bubble thread, this will give you a good idea as to the current state of play with Rolex sports watches.
I think it's generally a good idea do do some research into anything you are happy to drop a small fortune into.
Good luck with your search
I think it's generally a good idea do do some research into anything you are happy to drop a small fortune into.
Good luck with your search
To give you an idea, I made an enquiry with a local AD in November last year and I'm still told it could be years and I'm being encouraged to buy other watches first. I have just walked through my local town and there are shops selling 2020/21 models for £13.5k, I would say £8-10k is very optimistic.
TROOPER88 said:
Hi
I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
They're 12-15k in the grey market not 8-10k, I'd either buy a grey market one or find another watch to like, as to the issue look up supply vs demand. I have recently decided that I may purchase a nice watch and like the look of the standard Rolex Submariner 41mm.
From reading a couple of the threads on here, I was looking for some advice as is availability the issue and if so, why?
They seem to sell for circa 8-10k second hand yet the rrp is circa 7k.
Is it a case of simply going on a waiting list with a few jewellers?
Cheers
Thanks guys, really appreciate the information and I will look for that Bubble thread now.
I met a mate a couple of weeks ago and he had his Son with him and he was wearing a new Rolex Submariner that I know they purchased new.
I will message him now and she what he says.
'Grey' market refers to eBay etc?
I met a mate a couple of weeks ago and he had his Son with him and he was wearing a new Rolex Submariner that I know they purchased new.
I will message him now and she what he says.
'Grey' market refers to eBay etc?
TROOPER88 said:
Thanks guys, really appreciate the information and I will look for that Bubble thread now.
I met a mate a couple of weeks ago and he had his Son with him and he was wearing a new Rolex Submariner that I know they purchased new.
I will message him now and she what he says.
'Grey' market refers to eBay etc?
Think Grey market is any dealers that are not AD's, most watches will be unworn as are just bought to immediately sell for a profit.I met a mate a couple of weeks ago and he had his Son with him and he was wearing a new Rolex Submariner that I know they purchased new.
I will message him now and she what he says.
'Grey' market refers to eBay etc?
I found a lot of AD's won't even take your details because the list is so long.
Your best bet is to think if you have ever bought any other items, watches/jewellery from somewhere that is a Rolex AD and that might bump you up the list over anyone that has never bought from them before.
Wills2 said:
They're 12-15k in the grey market not 8-10k, I'd either buy a grey market one or find another watch to like, as to the issue look up supply vs demand.
Am I not looking at the right thing then??https://www.ebay.co.uk/itm/114903100837?hash=item1...
TROOPER88 said:
Wills2 said:
They're 12-15k in the grey market not 8-10k, I'd either buy a grey market one or find another watch to like, as to the issue look up supply vs demand.
Am I not looking at the right thing then??https://www.ebay.co.uk/itm/114903100837?hash=item1...
Edited by bigandclever on Tuesday 27th July 19:11
To give a better idea spend would need to be in excess of £25k a year with AD on non desirable watches or jewellery to get bumped up the list and get access to a stainless steel sports model and even then you would be put on a real list rather than the fake one they put regular punters on.
This year Rolex are asking AD's to supply no more than three SSS models per household per year. This may shake up some of the supply and make watches more readily available but don't count on it.
Even ladies Datejusts are becoming harder to get hold of this year, could be a sign of the times but more of that chat on the Rolex bubble thread.
This year Rolex are asking AD's to supply no more than three SSS models per household per year. This may shake up some of the supply and make watches more readily available but don't count on it.
Even ladies Datejusts are becoming harder to get hold of this year, could be a sign of the times but more of that chat on the Rolex bubble thread.
TROOPER88 said:
I’m not sure I’d be happy sending £10k to Eric-the-Greek for a Rolex. His faux Pearl necklace or rear lamp for a Clio, maybe 
For a 41mm model the prices vary between £10k for a non date on eBay to £15k for a date Sub on somewhere like Watchfinder.
Maxus said:
I’m not sure I’d be happy sending £10k to Eric-the-Greek for a Rolex. His faux Pearl necklace or rear lamp for a Clio, maybe
For a 41mm model the prices vary between £10k for a non date on eBay to £15k for a date Sub on somewhere like Watchfinder.
You’d be happy sending him £10k for a rear lamp for a Clio?!For a 41mm model the prices vary between £10k for a non date on eBay to £15k for a date Sub on somewhere like Watchfinder.
Not trying to convince anyone to buy on ebay, but I’ve bought numerous watches including a Datejust for my wife, on ebay, without any issues. A mix of private sellers and jewellers.
I’ve also sold and posted items worth around £10k, again without any issues, and I don’t have as many years of feedback as that seller.
As a buyer on ebay using PayPal, you are very well covered for any issues that may happen, including being scammed, if that’s what you are worried about.
I sold my last Porsche using Facebook, of all places, and the buyer transferred £55k to my bank without even meeting me or seeing the car. He just messaged me on facebook, then phoned me to ask some questions, then sent the money.
Not saying you shouldn’t be careful, but equally have some faith that not everything is a scam.
Personally I would buy that £10,900 Submariner off ebay no problem at all without a care in the world. In fact I would actually rather buy privately instead of grey dealer, and save some money.
I’ve also sold and posted items worth around £10k, again without any issues, and I don’t have as many years of feedback as that seller.
As a buyer on ebay using PayPal, you are very well covered for any issues that may happen, including being scammed, if that’s what you are worried about.
I sold my last Porsche using Facebook, of all places, and the buyer transferred £55k to my bank without even meeting me or seeing the car. He just messaged me on facebook, then phoned me to ask some questions, then sent the money.
Not saying you shouldn’t be careful, but equally have some faith that not everything is a scam.
Personally I would buy that £10,900 Submariner off ebay no problem at all without a care in the world. In fact I would actually rather buy privately instead of grey dealer, and save some money.
Edited by anonymous-user on Tuesday 27th July 21:12
Trooper
Some great advice on here…
My tuppence would be to check out chrono 24 https://www.chrono24.co.uk/
And you can search to your hearts content to finds something. Make sure it has box & papers.
Or try this chap… https://edinburghwatchcompany.co.uk/about/
If you really want the 41mm it’s ok to pay the grey market rates as globally that is the wear now market price.
These things are as good as money on the wrist, look after it and to will appreciate past today’s market price.
Some great advice on here…
My tuppence would be to check out chrono 24 https://www.chrono24.co.uk/
And you can search to your hearts content to finds something. Make sure it has box & papers.
Or try this chap… https://edinburghwatchcompany.co.uk/about/
If you really want the 41mm it’s ok to pay the grey market rates as globally that is the wear now market price.
These things are as good as money on the wrist, look after it and to will appreciate past today’s market price.
FWIW if you're just coming into the idea of buying a nice watch, you should have a look at what 10k buys you from other brands. You could have several very nice watches for 10k, or 1 very high quality watch that someone has taken a depreciation hit on, or, or...
There are a lot of ways to spend between 10-15k on watches. Particularly if you are looking at the 'grey' market, and used watches - which is the only way you're going to own a Rolex in the short term.
There are a lot of ways to spend between 10-15k on watches. Particularly if you are looking at the 'grey' market, and used watches - which is the only way you're going to own a Rolex in the short term.
Maxus said:
TROOPER88 said:
I’m not sure I’d be happy sending £10k to Eric-the-Greek for a Rolex. His faux Pearl necklace or rear lamp for a Clio, maybe For a 41mm model the prices vary between £10k for a non date on eBay to £15k for a date Sub on somewhere like Watchfinder.
Thanks for all the info chaps
The Ebay watch I linked is just one of many on Ebay and the like. I live in Surrey and if I wanted that one, I would personally go and see it and meet the seller etc
I mentioned in my first post about a friend who has a few nice watches and he has just purchased his Son a submariner (green ring around the outside), I messaged him and he has a contact - this is all I know but he said he would ask.
I am sure there are lots of beautiful watches available for less money but I like the fact that it could be deemed an investment, well even if it retains its value then that is a positive but I would not be using it often.
The Ebay watch I linked is just one of many on Ebay and the like. I live in Surrey and if I wanted that one, I would personally go and see it and meet the seller etc
I mentioned in my first post about a friend who has a few nice watches and he has just purchased his Son a submariner (green ring around the outside), I messaged him and he has a contact - this is all I know but he said he would ask.
I am sure there are lots of beautiful watches available for less money but I like the fact that it could be deemed an investment, well even if it retains its value then that is a positive but I would not be using it often.
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