Sea Dweller £9k worth it?
Sea Dweller £9k worth it?
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Discussion

BigGingerBob

Original Poster:

2,079 posts

212 months

Saturday 14th November 2020
quotequote all
Hi all, ive been offered a sea dweller, black on black, 2013 model I believe for about £9k.
Would this be a worthy investment piece or too high price?
I will get pictures when I get them.

Ninjin

1,348 posts

97 months

Saturday 14th November 2020
quotequote all
Don't get drawn into the hype on 'Rolex' as an investment.

There are better more solid ways to turn a profit, buying a Rolex at premium isn't one of them.

On the otherhand, if the watch is something you like and you can justify £9k on it, then buy it.

But don't buy it if you can't take a hit on it's value in the future.

richthebike

1,753 posts

159 months

Saturday 14th November 2020
quotequote all
First - thats a fair price if its in good condition.
Second - modern sea dwellers don't seem to draw the same fervour. Better places if you're trying to accumulate.
Third - they're awesome watches to actually wear and put wear into.
Fourth - the current one (126600) is 9300 ish and they're available with a short wait.

WizzBang

297 posts

128 months

Sunday 15th November 2020
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2013 you say? That’d be a 116660 Deepsea, a large 44mm model introduced in 2008 and replaced by the 126660 (also 44mm) in 2018. Personally I can't see 116660 values increasing as the 116660 was made for a long time and its replacement is a nicer model - better proportioned bracelet and a new movement. The 116660 cost about £8,200 in 2013 and can be had for not much more now.
https://www.chrono24.co.uk/search/index.htm?countr...


But if it’s a 2014, then it could be a 116600 SD4Kc, a 40mm model that was made for just 3 years (2014-17). For one reason or another, it didn’t sell particularly well at the time, perhaps because it looked like a Submariner but cost £1k more. It got replaced by the 126600 - a completely different and larger watch. The 116600 is now regarded by some as one of the best modern Rolex dive watches. The right size, no cyclops and very limited production run. Prices are on the up. Cost £6,900 new, now going for close to double: https://www.chrono24.co.uk/search/index.htm?countr...


+1 to the above posters. Buy it because you like it and then wear it. Ignore the investment angle - just consider it a bonus if you don't lose a few bob in the long term.

JEA1K

2,670 posts

245 months

Tuesday 17th November 2020
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The 116600 was released in 2014, so unless the date you've given is incorrect, it won't be one of these. If it is, snap it up at £9k.

If not, its a Deepsea which is an 'ok' price but it depends if the watch is right for you/what you want? I wanted a Deepsea, tried it on and didn't like the bulk (on my wrists) so ended up buying the 116600 SD4K instead.

SirOcelot

111 posts

216 months

Wednesday 18th November 2020
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Sounds like it is the Deepsea.
I bought a brand new Sd4k when they were first released in '14.
Owned it for 1 year, kept in a safe and sold it because I needed the money.
Regretted selling it ever since and wished I'd sold some other watches instead!

anonymous-user

76 months

Wednesday 18th November 2020
quotequote all
Ninjin said:
Don't get drawn into the hype on 'Rolex' as an investment.

There are better more solid ways to turn a profit, buying a Rolex at premium isn't one of them.

On the otherhand, if the watch is something you like and you can justify £9k on it, then buy it.

But don't buy it if you can't take a hit on it's value in the future.
Agreed. I actually think a Rolex purely as an investment isn't very good (and I have two). It's easy to sell stocks and shares, etc however if you want to sell your Rolex where do you go? Sell it on the internet somehow privately = risk of getting scammed. The safe option is to sell it to a dealer but they are going to kick you in the balls on the price. It's all well and good looking at the asking prices on Chrono24 for a valuation, etc but they don't tell you what the watches actually sell for.

philcray

862 posts

225 months

Friday 20th November 2020
quotequote all
As mentioned, almost definitely not a good investment, certainly in the short to mid term. You have to remember the mark up on the watches you see at dealers will be fairly chunky.

If your mate is offering it to you at that price, you can guarantee that it is more than a dealer will give him for it.

x5x3

2,426 posts

275 months

Friday 20th November 2020
quotequote all
ruprechtmonkeyboy said:
The safe option is to sell it to a dealer but they are going to kick you in the balls on the price.
That varies a lot from dealer to dealer - some will sell your watch for a % of the selling price agreed upfront.

gregs656

12,045 posts

203 months

Friday 20th November 2020
quotequote all
philcray said:
As mentioned, almost definitely not a good investment, certainly in the short to mid term. You have to remember the mark up on the watches you see at dealers will be fairly chunky.

If your mate is offering it to you at that price, you can guarantee that it is more than a dealer will give him for it.
Not always. When I bought my PO years a go the guy had it advertised for 1800. I offered him 1500, and he said a dealer had offered him 1600 so I left it.

He came back to me a few days later and we agreed 1500, which is exactly what Watchfinder (it turned out) had offered him, but he was worried he would send it in and they would chip more off it.

Cool story bro etc, but it was a lot of money for me at the time and I felt somewhat confident that I could get my 1500 back if I ever needed to. I think watches are terrible investments in general but I also think if you are sensible then they are not expensive things to own, you just have to fork out a wedge of cash in the first place.

Cipo

320 posts

204 months

Saturday 21st November 2020
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BigGingerBob said:
Hi all, ive been offered a sea dweller, black on black, 2013 model I believe for about £9k.
Would this be a worthy investment piece or too high price?
I will get pictures when I get them.
Dominic Hackett has a nice 2012 model at £9.5k and serviced by Rolex in Jan 18. Looks complete with box & papers.

Armitage.Shanks

2,919 posts

107 months

Sunday 22nd November 2020
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No Rolex is worth paying over list price in my opinion. Clearly there are a lot that will so the company can control the market demand.

richthebike

1,753 posts

159 months

Sunday 22nd November 2020
quotequote all
Armitage.Shanks said:
No Rolex is worth paying over list price in my opinion. Clearly there are a lot that will so the company can control the market demand.
Paul Newman's Paul Newman Daytona?

jshell

11,891 posts

227 months

Monday 23rd November 2020
quotequote all
BigGingerBob said:
Hi all, ive been offered a sea dweller, black on black, 2013 model I believe for about £9k.
Would this be a worthy investment piece or too high price?
I will get pictures when I get them.
We need to know which model of SeaDweller!

Armitage.Shanks

2,919 posts

107 months

Monday 23rd November 2020
quotequote all
richthebike said:
Armitage.Shanks said:
No Rolex is worth paying over list price in my opinion. Clearly there are a lot that will so the company can control the market demand.
Paul Newman's Paul Newman Daytona?
Yes if you bought one at list price. The prices now of the 'rare' pieces are for the collector not for someone like me who thinks nothing of working underneath my car wearing my 1993 SubD that I bought new and is bashed to fk. Self-made patina I call it.

richthebike

1,753 posts

159 months

Monday 23rd November 2020
quotequote all
Armitage.Shanks said:
richthebike said:
Armitage.Shanks said:
No Rolex is worth paying over list price in my opinion. Clearly there are a lot that will so the company can control the market demand.
Paul Newman's Paul Newman Daytona?
Yes if you bought one at list price. The prices now of the 'rare' pieces are for the collector not for someone like me who thinks nothing of working underneath my car wearing my 1993 SubD that I bought new and is bashed to fk. Self-made patina I call it.
My 2020 Sub and steel Sky Dweller beg to differ! Both are robust enough to just take use so they get used.

Ayahuasca

27,559 posts

301 months

Monday 23rd November 2020
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My Rolex is a 2015 40mm Sea Dweller. Makes a change to own something that hasn’t plummeted in value.