Has the Rolex bubble finally burst? Perhaps it has
Discussion
El stovey said:
Gmt 2s starting to drop now on Chrono24,
seeing a few 116710LNs for mid 7k now when before there was very few even in the 8k range.
Watchfinder still asking £9,700 for their cheapest ones
The GMT was never that popular as most opted for the sub (was the Rolex sports that was always in the window in days gone past). Once it was discontinued prices skyrocketed as ‘suddenly everyone thought it would be a great investment’.seeing a few 116710LNs for mid 7k now when before there was very few even in the 8k range.
Watchfinder still asking £9,700 for their cheapest ones
I remember back in 2010 a Goldsmiths salesman trying to convince me to buy one, it’s was about £4,200 list and he offered 0% interest. I couldn’t afford it as I was in first year uni and had just bought a preowned Explorer 2 white face for 2k, how times have changed.
Edited by jonny70 on Sunday 5th April 21:19
jonny70 said:
El stovey said:
Gmt 2s starting to drop now on Chrono24,
seeing a few 116710LNs for mid 7k now when before there was very few even in the 8k range.
Watchfinder still asking £9,700 for their cheapest ones
The GMT was never that popular as most opted for the sub (was the Rolex sports that was always in the window in days gone past). Once it was discontinued prices skyrocketed as ‘suddenly everyone thought it would be a great investment’.seeing a few 116710LNs for mid 7k now when before there was very few even in the 8k range.
Watchfinder still asking £9,700 for their cheapest ones
I remember back in 2010 a Goldsmiths salesman trying to convince me to buy one, it’s was about £4,200 list and he offered 0% interest. I couldn’t afford it as I was in first year uni and had just bought a preowned Explorer 2 white face for 2k, how times have changed.
Edited by jonny70 on Sunday 5th April 21:19
Surprised it was still unpopular then, I wonder when it changed? The ceramic models came out in 2009, looks like there was a slow rise in popularity of the gmt from then on. The batman and the discontinuation of the oyster bracelet lv both definitely led to all SS GMT values going up generally.
A chap on another forum made mention he just sold his GMT II to trade (box, papers etc), for what was about 60% more then I sold my similar age / model / condition GMT 3 years ago (also to trade)
Therefore doesn't look like the bubble has burst, slight deflation maybe, but still way up on 2017 values.
Therefore doesn't look like the bubble has burst, slight deflation maybe, but still way up on 2017 values.
hungry_hog said:
Rushes to the website...
GMT 116710BLNR "reduced" to £12,350 from £12,500. SD1665: £23,000 to £20,930...
Five ladies watches, a 36mm men's Datejust which no one on Pistonheads can wear as we're all built like the Rock obviously
I can't see much there really
Oh I totally agree and also hate that they won't sell you a new one at rrp but will happily supply a secondhand one for twice that.GMT 116710BLNR "reduced" to £12,350 from £12,500. SD1665: £23,000 to £20,930...
Five ladies watches, a 36mm men's Datejust which no one on Pistonheads can wear as we're all built like the Rock obviously
I can't see much there really
Point was, they never offer discount on secondhand Rolex, not as far as I can recall anyway.
In other words, they are trying to generate cash in this period and they been through the list. This is something that they had come in just before lock down or already in the safe.
I was speaking to my AD a couple of weeks ago and he said he was putting together a stock order for Rolex UK and it would be the last delivery until further notice hence I'm confident your SD43 just didn't arrive. He even had a list of watches that Rolex UK were looking to shift to dealers on this last delivery that I may be interested in... Unfortunately for me, nothing that took my fancy and definitely nothing Hot.
This information is only correct for the AD's that are independents and get stock directly from Rolex UK, if it's a chain like WoS then they will have a central distribution, which supplies the stores.
Anyway, doesn't matter how it the SD43 came to you but if it's on your wants, then buy and enjoy it.
Stay Safe.
I was speaking to my AD a couple of weeks ago and he said he was putting together a stock order for Rolex UK and it would be the last delivery until further notice hence I'm confident your SD43 just didn't arrive. He even had a list of watches that Rolex UK were looking to shift to dealers on this last delivery that I may be interested in... Unfortunately for me, nothing that took my fancy and definitely nothing Hot.
This information is only correct for the AD's that are independents and get stock directly from Rolex UK, if it's a chain like WoS then they will have a central distribution, which supplies the stores.
Anyway, doesn't matter how it the SD43 came to you but if it's on your wants, then buy and enjoy it.
Stay Safe.
Edited by Ninjin on Monday 6th April 15:51
Edited by Ninjin on Monday 6th April 15:52
AllyM said:
It’s 2020.
Based on the interest in Watchfinder on this thread, I have submitted details of the watch to get an offer. They've responded.
Any guesses as to what they are willing to pay for a brand new Seadweller 126600? Winner gets a potentially COVID infected Bic biro ...
JEA1K said:
Silly me, I had forgotten about 2020 already.
Based on the interest in Watchfinder on this thread, I have submitted details of the watch to get an offer. They've responded.
Any guesses as to what they are willing to pay for a brand new Seadweller 126600? Winner gets a potentially COVID infected Bic biro ...
How much do you want for it ? Based on the interest in Watchfinder on this thread, I have submitted details of the watch to get an offer. They've responded.
Any guesses as to what they are willing to pay for a brand new Seadweller 126600? Winner gets a potentially COVID infected Bic biro ...
Gitwhoismiserable said:
JEA1K said:
Silly me, I had forgotten about 2020 already.
Based on the interest in Watchfinder on this thread, I have submitted details of the watch to get an offer. They've responded.
Any guesses as to what they are willing to pay for a brand new Seadweller 126600? Winner gets a potentially COVID infected Bic biro ...
How much do you want for it ? Based on the interest in Watchfinder on this thread, I have submitted details of the watch to get an offer. They've responded.
Any guesses as to what they are willing to pay for a brand new Seadweller 126600? Winner gets a potentially COVID infected Bic biro ...
£7400 - £7600 is the offer
The cheapest used SD43 on their website is £11,950 for a used watch. That's some mark-up ...
I guess they'll be much keener to sell atm than to take on more stock, unless is from a v desperate seller who's prepared to lose £2k.
The cheapest used SD43 on their website is £11,950 for a used watch. That's some mark-up ...
I guess they'll be much keener to sell atm than to take on more stock, unless is from a v desperate seller who's prepared to lose £2k.
Edited by JEA1K on Monday 6th April 20:16
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