Buying a Rolex Hulk

[Deep]

Hi
Wondering if I could get some advice from the watch gurus.
A friend has offered me a 2019, unworn hulk for £10.5k. It's not my ideal watch as I'm wondering how a green face and bezel will match with casual and smart attire.

I see unworn watches for sale for up to £14k but who knows what they actually sell for. A lot of the premiums seem to have been driven by the rumours of the hulk being discontinued but reading around it seems that in reality the hulk is probably not going to be discontinued anytime soon.

As a result prices might soften.

So my question is, would it be a safe 'investment' at £10.5k? Would I be able to wear it for a year or two and get my money back?

I know some people might not like the idea of talking about a watch as an investment. The issue is that though I wouldn't mind wearing the hulk for a year or two it might not be the right watch for me forever. I'd like to know I could trade it in/sell it when I do find the 'one' and not lose any money.

Thanks for reading.

[mikeh501]

Prices are already slightly softening I think, and they have been talking about a discontinuation for at least 2 years. At 10.5 its fairly safe, and your not going to lose much. Bear in mind these dealers love talking up the price, but dont like paying on the trade in! Go ask one or two how much they would give you for a 19 Hulk.

I paid 5900 for my batman and for a laugh got some trader values at 9500, when the going rate is 12-13 on chrono24.... like porsche dealers!

[shopper150]

At that price I think you’re safe, little downside if any


When is Rolex’s annual price increase this year? Try and get it before that kicks in

[Fckitdriveon]

Dropped you a pm OP.

[LaurasOtherHalf]

beautiful watches that don’t wear well imho. There is no question to which the answer is a bright green Rolex, although I’d bend the rules slightly to say that they do look rather fetching on women.

[EmilA]

I love mine though I also love the colour green. In the summer the sundial is just amazing to look at.

Price wise, I actually think it's quite a reasonable offer. But I would say do you really like the watch? Forget about the price and its value and buy it if you really like it. The prices can go either way. I could make a decent amount of profit from selling mine but have no intension in doing so.

If you wanted to sell it on pretty quickly you might even be able to make some money on top.

[Barry Homo]

It wears easy imo. It's not bright unless you're in bright sunlight and the face is popping.
Wear mine most days. Lovely thing.

[FocusRS3]

LaurasOtherHalf said:

beautiful watches that don’t wear well imho. There is no question to which the answer is a bright green Rolex, although I’d bend the rules slightly to say that they do look rather fetching on women.

All purely subjective of course.

Maybe a Kermit is a half way house on the colour front.

OP- At that price it's pretty safe

[NEC3]

I wear mine most days, i tend to wear my SS Black Face Daytona for more dressier occasions, Black Tie or Races but i have to say i get more comments about my Hulk, but as another poster said, do you like it, as soon as i tried it on i knew it was for me, every man and his dog seem to have a Black face Sub so i wanted something different.

£10.5k, i don't think you will go too far wrong, you know history of watch and it comes with box and papers...

[Deep]

Thanks for the replies. The watch is 100% bona fide and comes with box, tags, card etc.

Personally I think the watch looks really nice but am not sure I'd want it forever. That's why I was trying to figure out if I could wear it for a year or two and not lose any money on it.

[shopper150]

Deep said:

Thanks for the replies. The watch is 100% bona fide and comes with box, tags, card etc.

Personally I think the watch looks really nice but am not sure I'd want it forever. That's why I was trying to figure out if I could wear it for a year or two and not lose any money on it.

Why haven't you bought it yet?

[Fckitdriveon]

I’m gonna go against the masses and say 10.5k is about right , into the trade anyway.

Soon as the stickers come off and it’s worn for ‘a year or 2’ , it’s not going to be in saleable condition without work. There are a plethora of available pieces now, don’t let the 14-15k prices fool you, very few achieve anywhere near that.

I don’t think it’s a foolish buy by any stretch, he d return his money to a buyer but not into the trade, and private sellers have a tough time.

All imho of course and assuming the market continues to soften.

When a trader parks 10-11k of his money into something, the expectation is to return at least 1k-1.5k return on that money , and if he’s going to have to polish/refinish it, then it’s not a tangible buy at 10.5k

Edited by Fckitdriveon on Saturday 16th November 00:31

[MarkJS]

Fckitdriveon said:

I’m gonna go against the masses and say 10.5k is about right , into the trade anyway.

Soon as the stickers come off and it’s worn for ‘a year or 2’ , it’s not going to be in saleable condition without work. There are a plethora of available pieces now, don’t let the 14-15k prices fool you, very few achieve anywhere near that.

I don’t think it’s a foolish buy by any stretch, he d return his money to a buyer but not into the trade, and private sellers have a tough time.

All imho of course and assuming the market continues to soften.

When a trader parks 10-11k of his money into something, the expectation is to return at least 1k-1.5k return on that money , and if he’s going to have to polish/refinish it, then it’s not a tangible buy at 10.5k

Edited by Fckitdriveon on Saturday 16th November 00:31

This.

Unless it's going to be a safe queen it isn't going to be an investment in the true sense of the word - it's a mass produced £7k RRP 3 hand divers watch with values being enhanced by the manufacturer throttling supply. However, watches should never be seen as investments in my opinion. But, if you like the watch, buy it - although it doesn't sound like you really do.

[jonah35]

Disagree with you all

A trader would pay £12k for an unworn hulk

At £10.5k it’s a steal

I’m not saying prices won’t fall or rise but in the current market compared to current prices £10.5k is unheard of

[Fckitdriveon]

jonah35 said:

Disagree with you all

A trader would pay £12k for an unworn hulk

At £10.5k it’s a steal

I’m not saying prices won’t fall or rise but in the current market compared to current prices £10.5k is unheard of

It’s entirely heard of, it’s what I m paying for them.

You seem to be missing the major point - it’s not new or unworn once he’s worn it for a year or 2, is it?! Then what’s it worth?! Which formed part of the original posters question.

The market is flooded with available pieces and it’s only going to get worse. Prices are already softening.

Edited by Fckitdriveon on Monday 18th November 19:46

[dalecan]

I went into a jewelers a few weeks ago and he noticed my Hulk. He said they were going for almost twice retail (in the USA). That said, I paid retail for mine and only have to wait a couple of months.

[jonah35]

Fckitdriveon said:

jonah35 said:

Disagree with you all

A trader would pay £12k for an unworn hulk

At £10.5k it’s a steal

I’m not saying prices won’t fall or rise but in the current market compared to current prices £10.5k is unheard of

It’s entirely heard of, it’s what I m paying for them.

You seem to be missing the major point - it’s not new or unworn once he’s worn it for a year or 2, is it?! Then what’s it worth?! Which formed part of the original posters question.

The market is flooded with available pieces and it’s only going to get worse. Prices are already softening.

Edited by Fckitdriveon on Monday 18th November 19:46

Fair enough if you are but I don’t know why people would sell them for £10,500 new unused when other dealers offer £12k.

Do you mind me asking what you sell them on for? Do you have a website?

Cheers

[Fckitdriveon]

jonah35 said:

Fckitdriveon said:

jonah35 said:

Disagree with you all

A trader would pay £12k for an unworn hulk

At £10.5k it’s a steal

I’m not saying prices won’t fall or rise but in the current market compared to current prices £10.5k is unheard of

It’s entirely heard of, it’s what I m paying for them.

You seem to be missing the major point - it’s not new or unworn once he’s worn it for a year or 2, is it?! Then what’s it worth?! Which formed part of the original posters question.

The market is flooded with available pieces and it’s only going to get worse. Prices are already softening.

Edited by Fckitdriveon on Monday 18th November 19:46

Fair enough if you are but I don’t know why people would sell them for £10,500 new unused when other dealers offer £12k.

Do you mind me asking what you sell them on for? Do you have a website?

Cheers

10.5-11 is about right into the trade , coming out to the end user at around 12ish -12.5.

Mate of mine had a new one advertised for 15k purely being Necky and he let it go for 12.2k this was last week.

I m not a trader. I source for private clients. Although I seem to be doing more and more watch stuff to the wider public , might have to have an online presence at some point.

I ll be buying one tomorrow so will let you know what I pay.

Edited by Fckitdriveon on Tuesday 19th November 05:31

Edited by Fckitdriveon on Tuesday 19th November 05:36

[MPC09]

Absolutely love mine - don't be put off by the green.

The watch face can go through a real transformation in terms of how the green looks in different lighting conditions.

Whilst I'm anti paying over RRP, I appreciate it's tricky to get some of these watches. I'd suggest £10.5k is reasonable. Whilst there was some chat before Basel '19 about the Sub being 'discontinued' for a newer model/movement, I can see it becoming more of a reality and them putting the newer 3235 movement in the watches in the coming 18-months. Will green be made again, who knows, but I wouldn't imagine you'd lose too much on the watch if you do come to sell it.

Alternatively, don't sell it - add it to the collection and don't worry about the price. Much easier.

[Fckitdriveon]

jonah35 said:

Fckitdriveon said:

jonah35 said:

Disagree with you all

A trader would pay £12k for an unworn hulk

At £10.5k it’s a steal

I’m not saying prices won’t fall or rise but in the current market compared to current prices £10.5k is unheard of

It’s entirely heard of, it’s what I m paying for them.

You seem to be missing the major point - it’s not new or unworn once he’s worn it for a year or 2, is it?! Then what’s it worth?! Which formed part of the original posters question.

The market is flooded with available pieces and it’s only going to get worse. Prices are already softening.

Edited by Fckitdriveon on Monday 18th November 19:46

Fair enough if you are but I don’t know why people would sell them for £10,500 new unused when other dealers offer £12k.

Do you mind me asking what you sell them on for? Do you have a website?

Cheers

10.4k- 2019 - still With some stickers -