Has the Rolex bubble finally burst? Perhaps it has
Discussion
Zoon said:
NDA said:
A shame as I have the perfect travel watch in the Sky Dweller - but too risky in some parts of the world.
How ironic. Perfect travel watch that cannot be used for travel.Lord Marylebone said:
I’m conflicted over the ‘fake watch for holiday’ thing.
In some respects it makes total sense. You get enjoy wearing what appears to be a nice watch on holiday, but don’t care if it gets lost, stolen, pinched by the hotel cleaner, bashed/scratched while manhandling suitcases or whatever.
But on the other hand, would you really want to risk getting mugged/assaulted/stabbed/robbed for a fake watch?
My ‘holiday watch’ is a Breitling Superocean 44. I really like it, but at the same time wouldn’t be devastated if it was lost or stolen (It’s worth about £2k), and I wouldn’t care if it got knocked or scratched as it is already has a few marks from wear. I also feel that the lesser value makes me massively less likely to be mugged for it than say, a £10k Rolex or something even more valuable.
It’s the sort of watch I can stick on while setting off on holiday, and then not think about at all.
On holiday the dear old Seiko Monster gets worn. Rugged, unbreakable and waterproof. And moreover keeps good time and all for £120. Out of curiosity, I had a look at today's prices, and it seems an old Generation 1 watch is now selling for about £250 and up. So even very basic Seikos are becoming an "investment". Stranger and stranger.In some respects it makes total sense. You get enjoy wearing what appears to be a nice watch on holiday, but don’t care if it gets lost, stolen, pinched by the hotel cleaner, bashed/scratched while manhandling suitcases or whatever.
But on the other hand, would you really want to risk getting mugged/assaulted/stabbed/robbed for a fake watch?
My ‘holiday watch’ is a Breitling Superocean 44. I really like it, but at the same time wouldn’t be devastated if it was lost or stolen (It’s worth about £2k), and I wouldn’t care if it got knocked or scratched as it is already has a few marks from wear. I also feel that the lesser value makes me massively less likely to be mugged for it than say, a £10k Rolex or something even more valuable.
It’s the sort of watch I can stick on while setting off on holiday, and then not think about at all.
I've never really taken the security side of my watches into consideration when I'm on hols. That said, I don't get drunk and visit city centres during the evening these days ... and if people approach me, I generally ignore/walk away as they're trying to sell me something I don't need.
You have to do what you're comfortable with and if it makes you anxious, there is no point wearing it and being on edge. If you got robbed of your Sub in Zermatt for instance, they'd probably throw is back at you and call you a cheapskate b
d 
You have to do what you're comfortable with and if it makes you anxious, there is no point wearing it and being on edge. If you got robbed of your Sub in Zermatt for instance, they'd probably throw is back at you and call you a cheapskate b
d 
Lord Marylebone said:
I’m conflicted over the ‘fake watch for holiday’ thing.
In some respects it makes total sense. You get enjoy wearing what appears to be a nice watch on holiday, but don’t care if it gets lost, stolen, pinched by the hotel cleaner, bashed/scratched while manhandling suitcases or whatever.
But on the other hand, would you really want to risk getting mugged/assaulted/stabbed/robbed for a fake watch?
My ‘holiday watch’ is a Breitling Superocean 44. I really like it, but at the same time wouldn’t be devastated if it was lost or stolen (It’s worth about £2k), and I wouldn’t care if it got knocked or scratched as it is already has a few marks from wear. I also feel that the lesser value makes me massively less likely to be mugged for it than say, a £10k Rolex or something even more valuable.
It’s the sort of watch I can stick on while setting off on holiday, and then not think about at all.
If traveling anywhere 3rd world or most of Asia..I would just wear a Casio or my Garmin.In some respects it makes total sense. You get enjoy wearing what appears to be a nice watch on holiday, but don’t care if it gets lost, stolen, pinched by the hotel cleaner, bashed/scratched while manhandling suitcases or whatever.
But on the other hand, would you really want to risk getting mugged/assaulted/stabbed/robbed for a fake watch?
My ‘holiday watch’ is a Breitling Superocean 44. I really like it, but at the same time wouldn’t be devastated if it was lost or stolen (It’s worth about £2k), and I wouldn’t care if it got knocked or scratched as it is already has a few marks from wear. I also feel that the lesser value makes me massively less likely to be mugged for it than say, a £10k Rolex or something even more valuable.
It’s the sort of watch I can stick on while setting off on holiday, and then not think about at all.
Not worth very much . Unlikely to be a target and gives peace of mind / no worry
I don't want to have to think or worry about valuables on holiday
Jesus there are some chumps in the watch game these days, I suppose as result of the bubble largely due in part to the Insta world of today.
https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
PopsandBangs said:
Jesus there are some chumps in the watch game these days, I suppose as result of the bubble largely due in part to the Insta world of today.
https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
Depends where you pitch yourself in the market , trade for trade , trade to end user , is it your stock or are you ‘fronting ‘ a piece that isn’t yours, prices constantly changing so what was worth X might now be worth Y a few weeks later (that can be a positive or negative - currently it’s an upward trajectory generally). If you control the stock then you control the prices with lots of pieces. https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
If you’re doing decent volume then your profit comes from volume sales , few quid here and there soon adds up. But you have to have the client base to start with. Equally having the trade connections enables you to buy at less than market price and there’s your margin. If you can afford to sit on stock until you find an end user or you have a client already lined up for a particularly piece all the better .
As for the video you’ve included - they do decent volume but they do like to cover perfectly good watches in crap diamonds and sell it for a premium ……high margins in stuff like that, half the time clients have no clue what they are buying in terms of diamond quality and the margins are high in stones.
There’s a general over view for you.
Fckitdriveon said:
PopsandBangs said:
Jesus there are some chumps in the watch game these days, I suppose as result of the bubble largely due in part to the Insta world of today.
https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
Depends where you pitch yourself in the market , trade for trade , trade to end user , is it your stock or are you ‘fronting ‘ a piece that isn’t yours, prices constantly changing so what was worth X might now be worth Y a few weeks later (that can be a positive or negative - currently it’s an upward trajectory generally). If you control the stock then you control the prices with lots of pieces. https://www.youtube.com/watch?v=7iOIhl8PNk8
I really don't quite understand how these people, and dealers in general, especially recently, make decent margin? Surely everyone with these watches knows, or can easily find out, the asking prices/values? Are there that many people out there willing to be low-balled? Where do these dealers get all this stock from?!
If you’re doing decent volume then your profit comes from volume sales , few quid here and there soon adds up. But you have to have the client base to start with. Equally having the trade connections enables you to buy at less than market price and there’s your margin. If you can afford to sit on stock until you find an end user or you have a client already lined up for a particularly piece all the better .
As for the video you’ve included - they do decent volume but they do like to cover perfectly good watches in crap diamonds and sell it for a premium ……high margins in stuff like that, half the time clients have no clue what they are buying in terms of diamond quality and the margins are high in stones.
There’s a general over view for you.
zj2016 said:
I watched the most recent Trotters video today and a customer was in collecting a new Batgirl. The customer asked what he would get for it if he sold it back to Trotters the next day, the answer was about £1500 less than he paid as that it their so called margin on a watch like that c. 10%
I'd bet good money that that was just for the cameras. Their margin is not 10%That's what they want their audience to think. It is more
MrJuice said:
zj2016 said:
I watched the most recent Trotters video today and a customer was in collecting a new Batgirl. The customer asked what he would get for it if he sold it back to Trotters the next day, the answer was about £1500 less than he paid as that it their so called margin on a watch like that c. 10%
I'd bet good money that that was just for the cameras. Their margin is not 10%That's what they want their audience to think. It is more
Amazes me that people think they know when they really don’t.
In Stainless steel Rolex sports models 10-15 percent is about right.
Let’s break it down using reality (I m a dealer)
Watch comes from the AD - £7.5k to joe bloggs , joe bloggs knows what they’ve got and what it’s worth (lot of the time joe bloggs thinks what they’ve got is worth a lot more than it is ).
They sell it into the trade for circa £11.5k-£12k …..that’s the going bid for a new unworn batgirl into the trade currently ….
Trader sells for 13.5-14k .
Roughly £1500 quid in it for the trader .
The money is in the volume and the pre owned stuff at this level, of course there are exceptions but there’s this fallacy of big percentages that just don’t exist on the whole.
Edited by Fckitdriveon on Tuesday 22 June 21:36
You're a dealer so you'll know what sort of bids trotters are known for and whether they're one of the higher or lower priced sellers. I'd say they would routinely make 2-2.5k gross on that watch. Whether they pay VAT is anyone's guess. 2.5k is 67% more than 1.5k.
167k is 67% more than 100k.
I'd love to see their vat returns and those of all the traders out there. I'm sure everything would tally perfectly, but I'd like to see nonetheless.
167k is 67% more than 100k.
I'd love to see their vat returns and those of all the traders out there. I'm sure everything would tally perfectly, but I'd like to see nonetheless.
Fckitdriveon said:
How much would you bet ?!
Amazes me that people think they know when they really don’t.
In Stainless steel Rolex sports models 10-15 percent is about right.
Let’s break it down using reality (I m a dealer)
Watch comes from the AD - £7.5k to joe bloggs , joe bloggs knows what they’ve got and what it’s worth on the open market that’s why they are selling it in the first place .
They sell it into the trade for circa £11.5k-£12k …..that’s the going bid for a new unworn batgirl into the trade currently ….
Trader sells for 13.5-14k .
Roughly £1500 quid in it for the trader .
The money is in the volume and the pre owned stuff at this level, of course there are exceptions but there’s this fallacy of big percentages that just don’t exist on the whole.
Funnily enough if I was selling my collection I’d be doing my homework on the current retail grey price then knock a grand off as my staring point selling into the trade, with that as the best price expectation and £1500 less as the worst.Amazes me that people think they know when they really don’t.
In Stainless steel Rolex sports models 10-15 percent is about right.
Let’s break it down using reality (I m a dealer)
Watch comes from the AD - £7.5k to joe bloggs , joe bloggs knows what they’ve got and what it’s worth on the open market that’s why they are selling it in the first place .
They sell it into the trade for circa £11.5k-£12k …..that’s the going bid for a new unworn batgirl into the trade currently ….
Trader sells for 13.5-14k .
Roughly £1500 quid in it for the trader .
The money is in the volume and the pre owned stuff at this level, of course there are exceptions but there’s this fallacy of big percentages that just don’t exist on the whole.
Edited by Fckitdriveon on Tuesday 22 June 21:31
You comments confirm it.
Buster73 said:
Fckitdriveon said:
How much would you bet ?!
Amazes me that people think they know when they really don’t.
In Stainless steel Rolex sports models 10-15 percent is about right.
Let’s break it down using reality (I m a dealer)
Watch comes from the AD - £7.5k to joe bloggs , joe bloggs knows what they’ve got and what it’s worth on the open market that’s why they are selling it in the first place .
They sell it into the trade for circa £11.5k-£12k …..that’s the going bid for a new unworn batgirl into the trade currently ….
Trader sells for 13.5-14k .
Roughly £1500 quid in it for the trader .
The money is in the volume and the pre owned stuff at this level, of course there are exceptions but there’s this fallacy of big percentages that just don’t exist on the whole.
Funnily enough if I was selling my collection I’d be doing my homework on the current retail grey price then knock a grand off as my staring point selling into the trade, with that as the best price expectation and £1500 less as the worst.Amazes me that people think they know when they really don’t.
In Stainless steel Rolex sports models 10-15 percent is about right.
Let’s break it down using reality (I m a dealer)
Watch comes from the AD - £7.5k to joe bloggs , joe bloggs knows what they’ve got and what it’s worth on the open market that’s why they are selling it in the first place .
They sell it into the trade for circa £11.5k-£12k …..that’s the going bid for a new unworn batgirl into the trade currently ….
Trader sells for 13.5-14k .
Roughly £1500 quid in it for the trader .
The money is in the volume and the pre owned stuff at this level, of course there are exceptions but there’s this fallacy of big percentages that just don’t exist on the whole.
Edited by Fckitdriveon on Tuesday 22 June 21:31
You comments confirm it.
If a dealer is buying for stock then accept they will want a better margin…..and will look for a bigger return on their money…..
If a dealer has a client waiting for a particular watch, and he/ she doesn’t have to back it with their own money as such or it’s a very quick flip, then a quick grand is easy work , again to repeat myself it’s in the volume…..bigger percentages come elsewhere in the market ….but believe me it’s not on batgirls.
Edited by Fckitdriveon on Tuesday 22 June 21:55
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