2shea wrote: » Fools with too much money! Haha
893bet wrote: » I understand the buying at retail and selling to WF. But who the hell is buying from WF.
2shea wrote: » This is total madness. Its a beautiful piece but almost double it retail price! Come on. Good news for you though, would you sell it if someone offered you 16k for it?
theheavyhitter wrote: » Honestly, I believe their selling prices are real. The hunger for certain steel sports pieces such as; Batman, Hulk, Pepsi, Redline Seadweller, Daytona; is now incredible globally. The market is being fueled by speculators who aren't watch guys or collectors. These are people that have just found out one can gain 100% profit margin on the Pepsi/Hulk/Daytona retail. So they simply join an AD waiting list, buy at retail after the 1-2 year wait, and sell to Watchfinder at profit with no interest (other than financial gain) in the piece/brand itself at all. My advice is to sell off your Batman while the market is peaking on it. Regards.
893bet wrote: » https://www.watchfinder.ie/Rolex/GMT%20Master%20II/116710%20BLNR/23940/item/134593 Up to 16.3K. One wonders if these watches even exist. Are they selling. Likely they are priced so high to allow WF give favorable looking values to trade in's to make a customer feel like they gor got value for their own watch. WF came back to me to see if I was still interested in selling and offered to increase their quote...
theheavyhitter wrote: » With regards to waiting lists around the world; sometimes it depends on country. For example, there is a Rolex AD at the Taj Mahal hotel. They don't display all their steel sports pieces. But when one asks for a Hulk, Submariner, Pepsi, etc; they have them in stock for serious buyers that are ready to do the deal right now. You see in India there is no grey market, no resale market; unlike in Europe. So they have more supply and less demand; than say Europe where speculators buy up all the steel sports pieces as investment pieces. Another thing is this; Gassan's in Holland have several Rolex boutiques at Schiphol airport; and typically they get deliveries on Friday mornings. So you have grey market dealers waiting for them to put any steel sports pieces in the windows and within 20 minutes any that are delivered are sold. The problem is Gassan's won't tell one over the phone which Friday they are getting delivery. The other thing is, they don't actually know themselves what they are getting from Rolex; so one has to keep trying. But its a different story at Gassan's other boutique outside the airport, as it isn't tax discounted its less attractive to the grey market dealers. They don't put the steel sports pieces out on display, but often have them in stock for when asked by someone walking in ready to do the deal right now. They won't tell one over the phone what they have in stock, but walking in with cash; when they see one is a serious buyer not time waster; then the tray comes out from the back. Now I am not suggesting one flies to India to buy a Pepsi or Hulk at retail, as obviously the flights and hotel would negate the saving v grey market premium. But say one does want a steel sports piece, then its worth flying to Holland and keep trying the Gassan boutiques there; as they seem to get more supply than AD's in Ireland and UK.
theheavyhitter wrote: » Perhaps the best thing to do is wait until the Batman on jubilee is discontinued and then sell it for peak value. As the supply of black GMT's and Batman dries up, the demand will keep prices strong. The way the Kermit has stayed strong since it was discontinued is evidence of that. With regards to the Hulk I suppose the risk is, that may well be discontinued say next year if Rolex upgrades the 3135 movements in the Submariners. They have been using them since 1988 so its long overdue really. If a Black Bay has a 70 hour power reserve, then really a Submariner should have too.
AmberGold wrote: » Thanks for posting that 893, when did you get that offer?
893bet wrote: » Right now my wants are a hulk, glashutte panoreserve (grey or blue), jlc ultra thin moon white dial, classic speed-master on black white nato. That’s said I change my mind regularly so could decide in the morning to trade the blnr in against a hulk or similar.
893bet wrote: » I suspect they would offer a little more if pushed. They came back within 10 minutes of asking for the value. I just also realised they had the wrong “quote” reference number.....clearly a copy past jobbie.....they prob get shed loads of requests. Nah not really selling at the moment, was only curious as the watch price had been rocketing. I buy watches I like rather than to make profit-If they appreciate that’s a bonus to have the security of knowing I can sell again easily. Right now my wants are a hulk, glashutte panoreserve (grey or blue), jlc ultra thin moon white dial, classic speed-master on black white nato. That’s said I change my mind regularly so could decide in the morning to trade the blnr in against a hulk or similar.
theheavyhitter wrote: » Thank you for the insight. I always wondered what their typical buying to selling profit margin was on a piece. From what I gather, they are professional and hassle free to deal with; both buying and selling. I don't have any personal experience of them to be honest. A negative I have heard, is that often they supply pieces with links missing. 5 links rather than 7 links in a Submariner etc. They seem to have a thriving Ebay account selling on single links you see, so that must be the supply source for them; removing 1-2 links from every piece they buy. I suppose many prefer to deal with them over a private seller due it being safer. Insured delivery, and no worries on authenticity etc. For high end pieces, I suppose the premium is worth paying, when one looks at the risk of a high level transaction. Are you considering selling your Batman then? If so, what would you buy?
893bet wrote: » Perhaps. Time will tell. I went BLNR as I got a chance to try it on. Not had that chance with the hulk. None in the shops and very few in Ireland at all. Rarely seen on a wrist. Cyrus has one (assume he still does); I am hoping to some day get up to the big smoke to try it on. On the hulk “waiting” list in two ADs. I don’t expect a call ever! Edit. Asked for a buy quote just there from WF. 11k or so. Some margin of they can sell at 16k.
893bet wrote: » Perhaps. Time will tell. I went BLNR as I got a chance to try it on. Not had that chance with the hulk. None in the shops and very few in Ireland at all. Rarely seen on a wrist. Cyrus has one (assume he still does); I am hoping to some day get up to the big smoke to try it on. On the hulk “waiting” list in two ADs. I don’t expect a call ever!
OmegaGene wrote: » seems like it was the better choice as opposed to the Hulk
AmberGold wrote: » The BLNR was selling for silly money recently as there was a rumor it would be discontinued. At Baselworld this week Rolex released a new version with an increased standby and a jubilee bracelet. Now it’s confirmed it’ll be around for the foreseeable future BLNR prices will likely soften.
893bet wrote: » 5 year old blnr on watchfinder is 10.5k euro. New 1-2 years old 11.1k-11.4k euro Keep on jumping. Still tempted by the blnr on adverts just to sit on it for 12 months and see where it goes but not worth the hassle. Edit 5167....24k Euro on wf now.
OmegaGene wrote: » I think she was originally heading up there to complain about the waiting list
Dante Delicious Magnum wrote: » Daytona is 11600 euro rolex price on their website....AD's stick another grand or so on cause they can. So a new ceramic bezel is about 12k euro and second hand around 19k euro. BNLR second hand asking 9-9.5k euro, didnt see one over 10k , retail around 7.5-8k euro from a AD most of the second hand dealers will sell around retail when pushed cause they have a few. I would consider 8.5 gbp around right neither a good deal nor a bad one. Its nice have a watch you can wear and sell without loosing any money except the oppertunity cost, but I was surprised to see so many in windows. Hulks were around the same but less common, Kermits were much more expensive. i have to say I was more interested in availability than price so my figures are around + or minus a grand and when your looking in windows you dont know the history condition, box papers or year of the watch...but availability of subs was ok second hand...non existent from AD's.
