Has the Rolex bubble finally burst? Perhaps it has
Discussion
Tango13 said:
When I had mine serviced three years back it was about £450 plus parts.
By the time I had a new strap fitted and a few other bits and bobs the bill was only £44 less than I'd paid for it 23 years earlier.
Mine done last March - £1000 at RSC through my AD - but that included a new crown, new crystal and one new pusher.By the time I had a new strap fitted and a few other bits and bobs the bill was only £44 less than I'd paid for it 23 years earlier.
barney123 said:
Tango13 said:
When I had mine serviced three years back it was about £450 plus parts.
By the time I had a new strap fitted and a few other bits and bobs the bill was only £44 less than I'd paid for it 23 years earlier.
Mine done last March - £1000 at RSC through my AD - but that included a new crown, new crystal and one new pusher.By the time I had a new strap fitted and a few other bits and bobs the bill was only £44 less than I'd paid for it 23 years earlier.
Now I am waiting for the call to say my new DJ (41) has arrived at my AD.
36 always looked a tad small on my wrist.
Mariosbt said:
The cost of servicing was the reason I sold my Datejust & my Daydate. However, the Daydate is now worth double what I sold it for!
Now I am waiting for the call to say my new DJ (41) has arrived at my AD.
36 always looked a tad small on my wrist.
Did you try a DJ41 on?Now I am waiting for the call to say my new DJ (41) has arrived at my AD.
36 always looked a tad small on my wrist.
I really fancied a Datejust about a year ago, and tried a 41, and it looked huge. I have reasonably big wrists and can wear a 44mm dive watch without a problem, but the face of the DJ41 looked out of proportion large. I think the issue is that my brain expects a Datejust to be smaller, and the 41mm to me, just looks like someone has enlarged a photo of a Datejust.
I was really expecting to like it, but it just looked oddly big to me once I had it in my hand.
Lord Marylebone said:
Did you try a DJ41 on?
I really fancied a Datejust about a year ago, and tried a 41, and it looked huge. I have reasonably big wrists and can wear a 44mm dive watch without a problem, but the face of the DJ41 looked out of proportion large. I think the issue is that my brain expects a Datejust to be smaller, and the 41mm to me, just looks like someone has enlarged a photo of a Datejust.
I was really expecting to like it, but it just looked oddly big to me once I had it in my hand.
the DJ41 doesn't wear that big! 44mm dive watches wear much bigger. My brother has a Tag Calibre 16 which i think is a 43mm and the DJ41 wears smaller than that. I really fancied a Datejust about a year ago, and tried a 41, and it looked huge. I have reasonably big wrists and can wear a 44mm dive watch without a problem, but the face of the DJ41 looked out of proportion large. I think the issue is that my brain expects a Datejust to be smaller, and the 41mm to me, just looks like someone has enlarged a photo of a Datejust.
I was really expecting to like it, but it just looked oddly big to me once I had it in my hand.
SarlechS said:
the DJ41 doesn't wear that big! 44mm dive watches wear much bigger. My brother has a Tag Calibre 16 which i think is a 43mm and the DJ41 wears smaller than that.
I'm not sure the issue was how big it wore, but how big it looked visually due to the quite large dial. An optical illusion. Dive watches and chronographs can look smaller due to their chunky bezels and sub dials taking up a lot of space.The DJ, without a chunky bezel, sundials, or thick case, looks really big to my eyes. Like a vast expanse of empty dial.
This is just my opinion of course, and beauty is in the eye of the beholder! Don't get me wrong, any Datejust is a lovely and timeless watch, but I just didn't feel the 41 was for me.
Lord Marylebone said:
I'm not sure the issue was how big it wore, but how big it looked visually due to the quite large dial. An optical illusion. Dive watches and chronographs can look smaller due to their chunky bezels and sub dials taking up a lot of space.
The DJ, without a chunky bezel, sundials, or thick case, looks really big to my eyes. Like a vast expanse of empty dial.
This is just my opinion of course, and beauty is in the eye of the beholder! Don't get me wrong, any Datejust is a lovely and timeless watch, but I just didn't feel the 41 was for me.
oh now you say that i can see the logic behind it. Brilliant watches but like you say, you need a good wrist on you to carry it off properly. I think i have 7.25" wrists and i can't wear much better than a 43-44.The DJ, without a chunky bezel, sundials, or thick case, looks really big to my eyes. Like a vast expanse of empty dial.
This is just my opinion of course, and beauty is in the eye of the beholder! Don't get me wrong, any Datejust is a lovely and timeless watch, but I just didn't feel the 41 was for me.
Lord Marylebone said:
Did you try a DJ41 on?
I really fancied a Datejust about a year ago, and tried a 41, and it looked huge. I have reasonably big wrists and can wear a 44mm dive watch without a problem, but the face of the DJ41 looked out of proportion large. I think the issue is that my brain expects a Datejust to be smaller, and the 41mm to me, just looks like someone has enlarged a photo of a Datejust.
I was really expecting to like it, but it just looked oddly big to me once I had it in my hand.
I did put on a very nice 41 white dial with WG Roman numerals display watch, they would not sell!I really fancied a Datejust about a year ago, and tried a 41, and it looked huge. I have reasonably big wrists and can wear a 44mm dive watch without a problem, but the face of the DJ41 looked out of proportion large. I think the issue is that my brain expects a Datejust to be smaller, and the 41mm to me, just looks like someone has enlarged a photo of a Datejust.
I was really expecting to like it, but it just looked oddly big to me once I had it in my hand.
However I could not fasten the bracelet as I always need at least one extra link. Also a good friend has got a 41 from the same AD 4 months ago, so I have had a good nosey at his.
Just for example this watch measures 43mm
Edited by Mariosbt on Monday 27th June 12:29
Lord Marylebone said:
SarlechS said:
the DJ41 doesn't wear that big! 44mm dive watches wear much bigger. My brother has a Tag Calibre 16 which i think is a 43mm and the DJ41 wears smaller than that.
I'm not sure the issue was how big it wore, but how big it looked visually due to the quite large dial. An optical illusion. Dive watches and chronographs can look smaller due to their chunky bezels and sub dials taking up a lot of space.The DJ, without a chunky bezel, sundials, or thick case, looks really big to my eyes. Like a vast expanse of empty dial.
This is just my opinion of course, and beauty is in the eye of the beholder! Don't get me wrong, any Datejust is a lovely and timeless watch, but I just didn't feel the 41 was for me.
Hope that helps!
FWIW, just looked at Collecting Watches and saw 4 Rolex auctions end within about 10 minutes, none sold despite some bidding right at the wire, possibly trying to push the price up a bit nearer the reserve.....
The £600 minimum buyers fee looks even more extreme now and isn't likely to get buyers flocking to bid on your watch...
philcray said:
FWIW, just looked at Collecting Watches and saw 4 Rolex auctions end within about 10 minutes, none sold despite some bidding right at the wire, possibly trying to push the price up a bit nearer the reserve.....
The £600 minimum buyers fee looks even more extreme now and isn't likely to get buyers flocking to bid on your watch...
Always felt a £600 buyers fee was pretty excessive. The £600 minimum buyers fee looks even more extreme now and isn't likely to get buyers flocking to bid on your watch...
MrJuice said:
What would you find reasonable? Are you saying 6% on a 50k watch is too expensive as well? Or just for sub 10k watches?
It probably would work better on a percentage basis because as you rightfully point out £600 on a 50k watch is nothing but on a 5-10k watch it starts to become more significant. Edited by Jamescrs on Tuesday 28th June 17:30
philcray said:
FWIW, just looked at Collecting Watches and saw 4 Rolex auctions end within about 10 minutes, none sold despite some bidding right at the wire, possibly trying to push the price up a bit nearer the reserve.....
The £600 minimum buyers fee looks even more extreme now and isn't likely to get buyers flocking to bid on your watch...
I noticed a £15k max bid for black dial s/steel Skydweller with box and papers, below min reserve.The £600 minimum buyers fee looks even more extreme now and isn't likely to get buyers flocking to bid on your watch...
2020 Deep Sea went for below MSRP of current model
2021 YG Skydweller on Oyster Flex went for below MSRP
Good signs for those hoping to buy!
Mariosbt said:
Who exactly is f*@king the prices up… AD selling to Greys? Nothing available to buy in the AD’s! I wouldn’t dream of paying over Rolex RRP. The people buying these watches at inflated prices are creating the problem surely.
As discussed on this thread many times, it is simply supply and demand.Rolex cannot make enough watches to meet customer demand. There is always a long list of people wanting to buy from an AD. Because of this, the watches sell for more money on the used/Grey market because people do not want to wait for their AD to sell them one. They can buy one right away from the market or Grey dealers. This convenience comes at an increased price.
There is little evidence that AD's are selling directly to Greys, there is no reason for them to do this, but it is common knowledge that some customers are offered many watches by AD's and sell these straight to Greys at an inflated price.
It isn't really anyones fault. Just supply and demand. If people want things faster they will pay more. Same as happens with games consoles, cars, trainers, etc.
Lord Marylebone said:
As discussed on this thread many times, it is simply supply and demand.
Rolex cannot make enough watches to meet customer demand. There is always a long list of people wanting to buy from an AD. Because of this, the watches sell for more money on the used/Grey market because people do not want to wait for their AD to sell them one. They can buy one right away from the market or Grey dealers. This convenience comes at an increased price.
There is little evidence that AD's are selling directly to Greys, there is no reason for them to do this, but it is common knowledge that some customers are offered many watches by AD's and sell these straight to Greys at an inflated price.
It isn't really anyones fault. Just supply and demand. If people want things faster they will pay more. Same as happens with games consoles, cars, trainers, etc.
Some sales assistants at AD’s are doing very well out of this according to my hp.Rolex cannot make enough watches to meet customer demand. There is always a long list of people wanting to buy from an AD. Because of this, the watches sell for more money on the used/Grey market because people do not want to wait for their AD to sell them one. They can buy one right away from the market or Grey dealers. This convenience comes at an increased price.
There is little evidence that AD's are selling directly to Greys, there is no reason for them to do this, but it is common knowledge that some customers are offered many watches by AD's and sell these straight to Greys at an inflated price.
It isn't really anyones fault. Just supply and demand. If people want things faster they will pay more. Same as happens with games consoles, cars, trainers, etc.
Mariosbt said:
Who exactly is f*@king the prices up… AD selling to Greys? Nothing available to buy in the AD’s! I wouldn’t dream of paying over Rolex RRP. The people buying these watches at inflated prices are creating the problem surely.
People with no ‘history’ have no choice as they are not going to get the most desired/professional models off AD.I paid a premium on eBay for a Dyson hairdryer for a present as none in stock……am I creating a problem?
Mariosbt said:
Who exactly is f*@king the prices up… AD selling to Greys? Nothing available to buy in the AD’s! I wouldn’t dream of paying over Rolex RRP. The people buying these watches at inflated prices are creating the problem surely.
I dont plan on paying RRP which guess means quite a wait.
But when demand is greater than supply in any market, official dealers will try to increase their margin maybe by demanding the sale of other items ( jewelry in this case) or selling to the grey market or maybe even buying back new items from a friendly customer at a premium to resell at an even higher premium. The thing that always surprises me is that the official dealers still sell at RRP and not higher since the manufacturer has no legal ability to enforce rrp.
So where is the problem? Its just a normal market bubble that is beginning to deflate.
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