Has the Rolex bubble finally burst? Perhaps it has

Has the Rolex bubble finally burst? Perhaps it has

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Discussion

GTIfarmer

69 posts

139 months

Friday 22nd March
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Fifty said:
2024 unworn 41mm Date Sub £10,800 and open to an offer…

https://www.chrono24.co.uk/rolex/submariner-date--...
Dumb dumb question is it secure/safe portal. If the seller sends direct to me I guess they have my address and also it could be fake? Anything to be concerned about?

Fckitdriveon

1,040 posts

91 months

Friday 22nd March
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GTIfarmer said:
Fifty said:
2024 unworn 41mm Date Sub £10,800 and open to an offer…

https://www.chrono24.co.uk/rolex/submariner-date--...
Dumb dumb question is it secure/safe portal. If the seller sends direct to me I guess they have my address and also it could be fake? Anything to be concerned about?
Yes Chrono is secure - as in they hold your money until the watch shows are having been delivered , then a couple of days later the funds are released to the seller , there’s a return period of course being a ‘distance’ sale .
Chrono do not verify listings or watches as genuine before they are listed , they have no way of doing that.
It’s part of reason many people choose to buy from a dealers so they know all of that is taken care of and there’s support should there be an issue obviously there’s a margin to pay for that privilege .


Reality is what most people can check in terms of watches being lost or stolen is very limited or non existent , particularly if a watch was stolen abroad .

So it’s buyer beware when dealing with private sellers although there is chrono24 protections for all buyers .

Happy to assist via private message if anyone needs any help or guidance .



Edited by Fckitdriveon on Friday 22 March 17:44


Edited by Fckitdriveon on Friday 22 March 18:43

sandman77

2,428 posts

139 months

Saturday 23rd March
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GTIfarmer said:
Dumb dumb question is it secure/safe portal. If the seller sends direct to me I guess they have my address and also it could be fake? Anything to be concerned about?
The biggest risk is receiving a fake watch. This has put me off buying from Chono24. EBay with their authenticity guarantee is the best place to buy from private sellers these days.

Fifty

8,583 posts

218 months

Saturday 23rd March
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Where do eBay send the watch to be verified? Do they have their own specialists?

Regbuser

3,564 posts

36 months

Saturday 23rd March
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Fifty said:
Where do eBay send the watch to be verified? Do they have their own specialists?
I think they use AliExpress biglaugh

Ber100

119 posts

103 months

Saturday 23rd March
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Anyone used GMG watches for Rolex purchase? Thanks in advance

Fckitdriveon

1,040 posts

91 months

Saturday 23rd March
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Ber100 said:
Anyone used GMG watches for Rolex purchase? Thanks in advance
Know Lee well, good guys.

sandman77

2,428 posts

139 months

Saturday 23rd March
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Fifty said:
Where do eBay send the watch to be verified? Do they have their own specialists?
They go to Stoll & Co for authentication.

Info here - https://www.watchpro.com/special-report-deep-dive-...

bordseye

1,987 posts

193 months

Saturday 23rd March
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If ebay offer an authenticity guarantee, presumably they pay up if the watch proves not to be authentic.

Fifty

8,583 posts

218 months

Sunday 24th March
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This is the kind of thing that worries me about verification - looks like it can be very hard to tell real from fakes these days (taken from the fake Rolex thread)

Goldman Sachs said:
Prepare to be amazed then.

Any of the good quality fakes from factories such as Clean or Noob are, as already pointed out by other posters, indistinguishable from the real thing, even when held side by side and examined closely. You would have to be a jeweller, with a loupe, and to know what to look for to tell the difference. Even then, some jewellers will tell you that they have to remove the caseback to properly inspect these. Even then you have to know what to look for, as the movement is usually fully cloned as well.

These watches look the same, feel the same, are fully waterproof. Same 904L steel used for case and bracelet as Rolex.. Same type of ceramic for the bezel as Rolex use.

Previously when removing the caseback you would see some minor differences, but now, they are really close.

So close that real parts from Rolex movements can be exchanged into the fake, and vice versa.

From a UK supplier a good fake will be about £450 or so.

Which brings me onto my last point: Some people will probably try to order their fakes off websites and hope that they aren't scammed, and then hope that they arrive in the UK without issue, or without customs seizing them. This is NOT the way to do it. There are plenty of UK dealers with UK stock if you know where to look.

Someone mentioned servicing. This is not a problem either. Lots of competent UK watchmakers are happy to work on the fakes now as they are so good. Rebuilding or serving a movement on a superclone is no different to working on a genuine Rolex or Omega.

Ask anything else as I'm happy to answer. I know a bit about this topic.

Edited by Goldman Sachs on Wednesday 31st January 16:03

MrJuice

3,375 posts

157 months

Sunday 24th March
quotequote all
Fifty said:
This is the kind of thing that worries me about verification - looks like it can be very hard to tell real from fakes these days (taken from the fake Rolex thread)

Goldman Sachs said:
Prepare to be amazed then.

Any of the good quality fakes from factories such as Clean or Noob are, as already pointed out by other posters, indistinguishable from the real thing, even when held side by side and examined closely. You would have to be a jeweller, with a loupe, and to know what to look for to tell the difference. Even then, some jewellers will tell you that they have to remove the caseback to properly inspect these. Even then you have to know what to look for, as the movement is usually fully cloned as well.

These watches look the same, feel the same, are fully waterproof. Same 904L steel used for case and bracelet as Rolex.. Same type of ceramic for the bezel as Rolex use.

Previously when removing the caseback you would see some minor differences, but now, they are really close.

So close that real parts from Rolex movements can be exchanged into the fake, and vice versa.

From a UK supplier a good fake will be about £450 or so.

Which brings me onto my last point: Some people will probably try to order their fakes off websites and hope that they aren't scammed, and then hope that they arrive in the UK without issue, or without customs seizing them. This is NOT the way to do it. There are plenty of UK dealers with UK stock if you know where to look.

Someone mentioned servicing. This is not a problem either. Lots of competent UK watchmakers are happy to work on the fakes now as they are so good. Rebuilding or serving a movement on a superclone is no different to working on a genuine Rolex or Omega.

Ask anything else as I'm happy to answer. I know a bit about this topic.

Edited by Goldman Sachs on Wednesday 31st January 16:03
Let's have some side by sides then

Fakes might be better but I don't think they'd fool most seasoned collectors let alone a dealer



Fifty

8,583 posts

218 months

Sunday 24th March
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Which kind of makes me think that buying privately isn’t really the way to go - would having the original receipt help much i.e. would that have the Serial Number on it, so you can marry the watch, box etc up to the receipt?

Fifty

8,583 posts

218 months

Sunday 24th March
quotequote all
MrJuice said:
Let's have some side by sides then

Fakes might be better but I don't think they'd fool most seasoned collectors let alone a dealer
I don’t know enough about the subject to comment either way really - all I know is that parting with £10K to someone you have most likely never met (nor ever will) for something that you hope is real would certainly make me pause for thought.

Shnozz

27,506 posts

272 months

Sunday 24th March
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Has anyone dealt with the watch section? Popped up on my Instagram and anything social media based immediately puts me on alert. They allege to be based in Canary Wharf.

Longy00000

1,360 posts

41 months

Sunday 24th March
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MrJuice said:
Let's have some side by sides then

Fakes might be better but I don't think they'd fool most seasoned collectors let alone a dealer
Get on you tube as there are many fake comparison videos to confirm just how good some of them are now and a lot if seasoned collectors really would struggle to see the difference.
Personally I would buy from somewhere with physical premises and a long trading history. There are plenty grey dealers who offer great service and can locate just about anything you want.

Wills2

22,911 posts

176 months

Sunday 24th March
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MrJuice said:
Let's have some side by sides then

Fakes might be better but I don't think they'd fool most seasoned collectors let alone a dealer
A quick look on YT at the watchfinder videos on the subject will give you the side by sides, even using a macro lens most wouldn't have a clue and lets face it most buyers are not seasoned collectors, you'd hope a dealer would be able to tell IF they go through the process to verify all their watches, but with "brand new" flipped ones they may not and not every dealer has an experienced watch maker especially with all the greys that showed up over the last 3-4 years.

Tonnes of fake art in galleries same with fine wine at auctions fooling lots of people, there will be fake Rolex being unsuspectingly sold as genuine out there.


21st Century Man

40,947 posts

249 months

Sunday 24th March
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Some of the macro stuff on the real thing is quite an eye opener with regard to poor finishing, particularly when the fake is better/perfect.

Wheelspinning

1,214 posts

31 months

Sunday 24th March
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Pishtonhead said:
I’m not new here I’ve a new account as some unhappy muppet got me banned over the use of a word that has since found in no way to be sectarian.
I just thought things had gotten a bit better. I bought a bimetal rose gold yachtmaster 40mm this time last year by chance as I was in the dealer and he took it out the window for me. I’d went in to ask about a waiting list for it.
Maybe I should have messaged Wheelspinning for an introduction. Although it was only a young guy working in the shop (wearing a panda Daytona)!
Always nice to be namechecked!

I actually haven't been through since I bought the 41 celebration last September sometime, and have actually asked for them not to call me with any offers as I have lost my Rolex mojo and am a rubbish at declining shiny stuff.

Will no doubt get back into the swing of things.

The reason i cooled the jets is actually very current topic related; whilst on holiday last year in Turkey, I didn't take any watches with me, but in the exclusive boutique within the hotel there was a shop selling Rolex copies.

I bought a copy BLNR for £180 that I have a genuine version; as being discussed, you really would have to be on top of your game to notice the differences; I then had to question the £8700 delta, as I feel no different wearing that or the real deal.

Not bought a new watch since then.

getmecoat

InformationSuperHighway

6,047 posts

185 months

Monday 25th March
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bordseye said:
If ebay offer an authenticity guarantee, presumably they pay up if the watch proves not to be authentic.
I can only imagine it's tied to Paypal.

Refund goes back to you and they take the money from the bank account of the person who sold it (Or hold the funds somehow before the authenticity is performed).


bordseye

1,987 posts

193 months

Monday 25th March
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Wheelspinning said:
but in the exclusive boutique within the hotel there was a shop selling Rolex copies.

I bought a copy BLNR for £180 that I have a genuine version; as being discussed, you really would have to be on top of your game to notice the differences; I then had to question the £8700 delta, as I feel no different wearing that or the real deal.

Not bought a new watch since then.

getmecoat
And that has to be the issue. If you can get a fake that is so good it cannot be told apart and whose parts are interchangeable with the real Rolex, than why pay 100 times as much for the real thing?