How hard is it to get the rolex you want

Time · 11-04-2021 8:50pm

Cyrus wrote: »

I’d want preferred treatment on a stainless steel model if i was paying for a platinum.

You don't even need to spend that much to get preference on SS models.

Creamy Goodness · 11-04-2021 9:32pm

Time wrote: »

You don't even need to spend that much to get preference on SS models.

Would you be willing to divulge how much you would have needed to spend? Bought roughly about 10k (not a whole lot really) of watches and jewellery over the years in weirs. It’ll probably be a year or two before looking to buy too.

Time · 11-04-2021 9:39pm

Creamy Goodness wrote: »

Would you be willing to divulge how much you would have needed to spend? Bought roughly about 10k of watches and jewellery over the years in weirs. It’ll probably be a year or two before looking to buy too.

Spent 25kish a few weeks back, and was basically offered a S/S rolex if i want it.

Creamy Goodness · 11-04-2021 9:41pm

Time wrote: »

Spent 25kish a few weeks back, and was basically offered a S/S rolex if i want it.

Interesting, thanks for that. I’d probably be spending another 5k or so between the watch purchase so might shorten the wait a little bit.

scwazrh · 11-04-2021 9:43pm

Time wrote: »

Spent 25kish a few weeks back, and was basically offered a S/S rolex if i want it.

I spent €10k over two transactions just before Xmas and am on the wait list for a sub.I was told 6-12 months for the two tone and 2-3 years for steel and no guarantee of either .

So it would seem over €20 k is the requirement.

Time · 11-04-2021 9:44pm

I've spent nearly 40k there in the relatively recent past. I'm sure theres no hard and fast rule though, and it depends on the watch you want.

Fitz II · 11-04-2021 9:47pm

The platinum with diamond markers is one of the hottest Rolex you can ask for, far more than any SS version. Instant 20-40k profit on a flip. You would want serious history to ask for such a watch and they will have no memory of your dad's spend 30 years ago.

It's a 100k RRP watch and 140k on the grey market. Likely cheaper you just go grey as you are going to have to spend some amount on jewelry and lose your shirt on it. But hey if you have that dosh to spend without history of buying hard to get Rolex, you probably don't care

I have about 35k on omegas, datejusts and jewellery, in there last two years and they never got me anything worth talking about. Waiting 2 years now on a skydwellwer I will never get.

scwazrh · 11-04-2021 9:55pm

Time wrote: »

I've spent nearly 40k there in the relatively recent past. I'm sure theres no hard and fast rule though, and it depends on the watch you want.

At €40k spend I would expect them to open the doors a bit

Cyrus · 11-04-2021 11:09pm

Fitz II wrote: »

The platinum with diamond markers is one of the hottest Rolex you can ask for, far more than any SS version. Instant 20-40k profit on a flip. You would want serious history to ask for such a watch and they will have no memory of your dad's spend 30 years ago.

It's a 100k RRP watch and 140k on the grey market. Likely cheaper you just go grey as you are going to have to spend some amount on jewelry and lose your shirt on it. But hey if you have that dosh to spend without history of buying hard to get Rolex, you probably don't care

I have about 35k on omegas, datejusts and jewellery, in there last two years and they never got me anything worth talking about. Waiting 2 years now on a skydwellwer I will never get.

Is the platinum now sought after as well

Christ I give up

One time they were available at fairly steep discounts !

Although I’m wary of these frothy grey dealer asking prices on hot watches , see the nautilus sitting on tzuk at 70k so obviously wf et al aren’t even paying that yet offering them out at 100k

Time · 11-04-2021 11:20pm

Cyrus wrote: »

Is the platinum now sought after as well

Christ I give up

One time they were available at fairly steep discounts !

Although I’m wary of these frothy grey dealer asking prices on hot watches , see the nautilus sitting on tzuk at 70k so obviously wf et al aren’t even paying that yet offering them out at 100k

What intrigues me is that theres apparently such a large market out there for 80K+ watches.

dinorebel · 12-04-2021 12:52am

Fitz II wrote: »

The platinum with diamond markers is one of the hottest Rolex you can ask for, far more than any SS version. Instant 20-40k profit on a flip. You would want serious history to ask for such a watch and they will have no memory of your dad's spend 30 years ago.

It's a 100k RRP watch and 140k on the grey market. Likely cheaper you just go grey as you are going to have to spend some amount on jewelry and lose your shirt on it. But hey if you have that dosh to spend without history of buying hard to get Rolex, you probably don't care

I have about 35k on omegas, datejusts and jewellery, in there last two years and they never got me anything worth talking about. Waiting 2 years now on a skydwellwer I will never get.

Can you fight?

Fitz II · 12-04-2021 9:23am

dinorebel wrote: »

Can you fight?

Goes to show even celebs need to go grey market for a gold skydweller. That channel is very interesting, just lads walking into the shop all day with new Rolex they got yesterday and taking a profit. (Can you blame them?)

The Platona was one that lingered in AD windows for a good while, its very expensive RRP being around 65-70k for the normal one and 90-100 for the diamond "blue ice" one. The colour takes a bit of getting used to also.

THen Hodinkee and John Mayer decided that the Yellow gold green dial and the platinum were the next hot thing, and the prices started to rise....now not patek levels here but its been on the steady rise. The Rainbow Daytona is really one of the only Rolex that is more hot right not.....I think the dial colour and bezel make the platinum watch hard to miss and that has really driven up the prices.

Yes I too am always astonished at the level people will spend on watches, but if you have 100k to spend please for the love of god look at something better than Rolex you are in super complicated Patek levels, bad ass AP maybe even a AP turbillion, Serious Lange or if you are smart you can have a AP, and a couple of Rolex and a Patek and hedge your bets a little.

There is defo some strange disconnect between the hype prices of watches and what people are actually achieving with sales, the TZ 5711 showed that, I have had pathetic offers from watchfinder. Grey market dealers are all too keen to show us behind the curtain at the prices they are buying and selling for, but I have a feeling that they would skin you alive off camera

Cyclingtourist · 12-04-2021 10:31am

Is the Rolex market a Ponzi Scheme?

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]; also a Ponzi game)[1] is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.

https://en.wikipedia.org/wiki/Ponzi_scheme

It certainly has some of the characteristics like investors who feel certain that their investment is secure with an assured increase in value year on year. No intrinsic value increase beyond the market perception. Vulnerability to panic selling......

Cyrus · 12-04-2021 11:00am

Cyclingtourist wrote: »

Is the Rolex market a Ponzi Scheme?

no its not.

its a bubble but there is a tangible asset,

Cyclingtourist · 12-04-2021 11:06am

Cyrus wrote: »

no its not.

its a bubble but there is a tangible asset,

Sure it's tangible but how tangible in a market where more people want to get out than want to get in?

The market could flip and once in reverse it could become a stampede. :eek:

Anjobe · 12-04-2021 11:07am

Cyrus wrote: »

no its not.

its a bubble but there is a tangible asset,

A market bubble and a Ponzi scheme are very similar, as many people discovered in the property market crash in 2008, the only real difference is there is no con-artist orchestrating the bubble.

A Rolex may be a tangible asset, but it's value is determined only by how much people (i.e. new investors) are willing to pay to acquire it, an SS one at least has no intrinsic value.

Cyrus · 12-04-2021 11:09am

Anjobe wrote: »

A market bubble and a Ponzi scheme are very similar, as many people discovered in the property market crash in 2008, the only real difference is there is no con-artist orchestrating the bubble.

A Rolex may be a tangible asset, but it's value is determined only by how much people (i.e. new investors) are willing to pay to acquire it, an SS one at least has no intrinsic value.

you could say that about any veblen good, whats the intrinsic value of a Hermes Birkin bag, or of a vintage porsche or of a patek nautilus.

a bubble is caused by the people desiring the good and then driven by greed a ponzi scheme is predicated on fraud.

i have sold all my rolex now as i think the prices are high and wont buy anything at more than retail, but im aware with that approach i may well not own one again for quite some time.

banie01 · 12-04-2021 11:17am

Anjobe wrote: »

A Rolex may be a tangible asset, but it's value is determined only by how much people (i.e. new investors) are willing to pay to acquire it, an SS one at least has no intrinsic value.

There is a value tbf.
Its certainly not as simple as with precious metal or a precious stone set piece but there is certainly a fair value that can be ascribed to a Rolex.
Whats difficult to assess is where that value would lie versus watches of a similar standard, finish and performance but without that elusive brand.

I don't think even at a market flip they will ever be worthless but, Rolex in particular have played a masterful game at managing supply whilst stoking insane demand.

That demand is starting to trickle out to other brands too.
A watch I very nearly pulled the trigger on last year is available again at @40% more than last time it was listed and compared to other ones on sale elsewhere (and selling) its still insane value!!!

Certainly there is a bubble, and weirdly that's a bubble that is appearing across asset classes currently.
Stocks are a prime example, many are trading way in excess of what one would deem fair value versus EBITDA or income and then there's the negative interest rate conundrum.
Both are pushing money seeking a return to look at alternatives IMO.
The rise of crypto, the growth of alternative assets and the sheer amount of money been thrown at hopium style investments all lead me to think that folk will throw money at a lot of things more in hope than anything else.

mailforkev · 12-04-2021 11:38am

banie01 wrote: »

The rise of crypto

Now there’s something a bit closer to a pyramid than the Rolex bubble.

There’s a good BBC podcast about a pyramid scam called the Missing Crypto Queen if anyone is looking for a new one to listen to on their (now expanded) 5km walks.

Cienciano · 12-04-2021 11:47am

Cyclingtourist wrote: »

Sure it's tangible but how tangible in a market where more people want to get out than want to get in?

The market could flip and once in reverse it could become a stampede. :eek:

If you want to stay sane, don't click on a thread with the word "Rolex" in the title :pac:

Fitz II · 12-04-2021 11:49am

Anjobe wrote: »

A Rolex may be a tangible asset, but it's value is determined only by how much people (i.e. new investors) are willing to pay to acquire it, an SS one at least has no intrinsic value.

All assets are like that, even cash. Precious metal or gemstones have not actual value either except what people are willing to pay. This is the social order that stop us killing each other for food.

You can be a chicken little or a Rolex acolyte about this, but the reality is that its just a watch, if you want it buy it and then you have a watch. If you are trying to make money on appreciating assets you takes your chances. Rolex was here before you and it will be hear after you. They make very decent watches that anyone should be proud to own all the rest is noise.

DPG · 12-04-2021 5:32pm

I spoke to both Irish ADs today and am expecting updated information on Tuesday and Wednesday. One dealer did ask if I would be interested in future purchases as I would have priority and specifically mentioned the 50th anniversary day date.

mailforkev · 12-04-2021 6:01pm

Was there not a green faced day date 60th anniversary a few years back or am I mixing models?

DPG · 12-04-2021 6:04pm

Apologies, meant to say 60th anniversary as opposed to 50th

Cyrus · 12-04-2021 7:10pm

DPG wrote: »

Apologies, meant to say 60th anniversary as opposed to 50th

I have to say unless you really really love Rolex there are better ways to spend 100 odd grand. It’s a 10k watch with a platinum case instead of steel and some diamonds.

Would a complicated Patek not interest you at all?

Fitz II · 12-04-2021 7:31pm

Cyrus wrote: »

I have to say unless you really really love Rolex there are better ways to spend 100 odd grand. It’s a 10k watch with a platinum case instead of steel and some diamonds.

Would a complicated Patek not interest you at all?

Have to agree, obviously you want a baller and FU watch but for that money you could get a minute repeater Lange, a double balance rose gold AP, A complex Patek, A FP Journe, Perpetual Chrono Lange, Or the Patek Hometime Nautilus. All high horology brands, all far more cred than a Rolex. The Daytona is not worthy to touch the hem of these watches garments, and I own a precious metal Daytona saying that (pathetic gold not platinum).

Any of these boys

Cyrus · 12-04-2021 7:37pm

Fitz II wrote: »

Have to agree, obviously you want a baller and FU watch but for that money you could get a minute repeater Lange, a double balance rose gold AP, A complex Patek, A FP Journe, Perpetual Chrono Lange, Or the Patek Hometime Nautilus. All high horology brands, all far more cred than a Rolex. The Daytona is not worthy to touch the hem of these watches garments, and I own a precious metal Daytona saying that (pathetic gold not platinum).

Any of these boys

That nautilus home time ...... nice

Wibbs · 12-04-2021 7:47pm

Oh those Lange, especially the minute repeater. *drool*

893bet · 12-04-2021 8:53pm

https://monochrome-watches.com/patek-philippe-in-line-perpetual-calendar-5236p-introducing-price/

Or a 5711.....hmmmmm tough choice

Wibbs · 12-04-2021 9:26pm

I love how Patek movements look like proper old style with the separate bridges. Apparently much harder for machine assembly to do, so you don't see it nearly so often these days. Lange tend to go three quarter plate which is again "old style" and not so easy for mechanising things.

unkel · 13-04-2021 7:35pm

893bet wrote: »

https://monochrome-watches.com/patek-philippe-in-line-perpetual-calendar-5236p-introducing-price/

That is just stunning.

Creamy Goodness · 14-04-2021 9:45am

unkel wrote: »

That is just stunning.

Watch taste is stupidly difficult to understand. I love most Patek's, Rolex's, AP's, ALS' but for whatever reason that new 5236P just doesn't have the same affect on me as their previous watches and I can't quite put my finger on it.

Now that being said, if I had one or even got to see one in the metal, I'd probably change my mind quicker than Usain Bolt :pac:

unkel · 14-04-2021 10:31am

Funny you mention that, I'm the same, have never worn one. But so far the looks of the likes of the Aquanaut and Nautilus leave me cold. But that 5236P is gorgeous on so many levels to me. Stunning blue colour, the right size (41mm) the insane beauty of the complications presented in such a simple way. I would love to try it on. But best not, that would ruin me financially

Oafley Jones · 14-04-2021 11:48am

Creamy Goodness wrote: »

Watch taste is stupidly difficult to understand. I love most Patek's, Rolex's, AP's, ALS' but for whatever reason that new 5236P just doesn't have the same affect on me as their previous watches and I can't quite put my finger on it.

It's got a uni-brow. Having said that, I don't like any watch with day or month that isn't a simple pointer (maybe with the sole exception of the DayDate). Yet, I almost never have issues with date windows!

Fitz II · 14-04-2021 1:01pm

The 5236P is lovely, but the more I look at it the more the calander annoys me. Its too close together, and the O looks like a 0 giving some weird MON01Jan on the dial. Reminds me of the layout of a SKX. The leap year indicator is a bit pointless, must be a more discreet way of displaying that or have it on the caseback, having a 1,2,3 on the dial for a year is a bit stupid, doesnt tell you the actual year. And the day night is better done on the 5205 with a 24 hour dial and large seconds. I find small seconds unreadable and you always need extra time to check the watch is running. From 10:30 to 2:30 the date is often going to be heavily obscured. With the Platinium microrotor could use some more contrast on the movement, maybe some blued screws or some gold leaf relief on the patek symbol on the rotor.

Hard to tell about the case shape, but it certainly is less visually interesting than the usual perpetual. All in all I am giving this one a 8/10. At these prices, and given that Patek are the masters of Clean complexity I think there are some usability issues done for the sake of making it look clean at 10:30 stopped on any day without a zero in it.

redlead · 14-04-2021 7:11pm

How hard is it get a regular yachtmaster 40 from an AD? Ref 126622

They surely aren't as in demand as the cheaper SS ones (sub, explorer, OP etc) or the more popular ones like a Daytona. Would I get laughed out of it or would you get one after a few months ? I've no AD history and am not willing to give any sexual favours.

Cyclingtourist · 14-04-2021 7:14pm

redlead wrote: »

I've no AD history and am not willing to give any sexual favours.

Oh well, I'd say your chances are pretty slim then.

Homer · 14-04-2021 8:48pm

Cyclingtourist wrote: »

Oh well, I'd say your chances are pretty slim then.

Based on the former or the latter fact

Fitz II · 14-04-2021 8:57pm

redlead wrote: »

How hard is it get a regular yachtmaster 40 from an AD? Ref 126622

They surely aren't as in demand as the cheaper SS ones (sub, explorer, OP etc) or the more popular ones like a Daytona. Would I get laughed out of it or would you get one after a few months ? I've no AD history and am not willing to give any sexual favours.

If its stainless its hard to get. The YM is not the most in demand model, but nonee are just sitting around. All you can do is ask, your not asking for a daytona so I would say its a reasonable request.......its all such bull****, hop on chrono pay 1k-500 over retail and its in the post to you tomorrow, save your time and dignity.

DPG · 22-09-2021 2:59pm

Hi all, by way of an update the Daytona purchase never went ahead but I have been offered a number of Rolex pieces by various ADs but they just weren’t for me. There is definitely supply available just not for the ultra in demand models.

One thing I was shocked to see was just how large the price difference is between models in the UK and Ireland. I am currently being offered the same piece by a Northern and Souther Ireland AD. It is coming in at €48,000 in the south and £35,000 / €40,600 in the north. I was always under the Impression the prices were standardised worldwide by Rolex with variations due to FX only but does not seem to be the case.

893bet · 22-09-2021 3:07pm

What have you been offered?

Cyrus · 22-09-2021 3:21pm

https://www.boards.ie/discussion/comment/117924272#Comment_117924272

at the moment most stuff is a little cheaper here, what model is it, the rrp is generally on the rolex site.

DPG · 22-09-2021 3:25pm

Currently being offered a rose Sky Dweller 326935 with Rhodium dial. RRP for these is listed as POA but it’s €47,700 and £35,000 up north

Cyrus · 22-09-2021 3:51pm

https://www.boards.ie/discussion/comment/117924411#Comment_117924411

Well that watch on oyster flex is

£33,200 ( €39k)

https://www.watches-of-switzerland.co.uk/Rolex-Sky+Dweller-M326235+0005/p/17304596

v

€40k

https://www.rolex.com/watches/configure.html#/sky-dweller/m326235-0006/bracelet

So it would appear one of those prices is wrong, im guessing the UK price as 1,800 seems an unlikely premium for a solid gold bracelet.

Are you sure they arent quoting an ex vat price?

Fitz II · 22-09-2021 4:12pm

Be careful with those pieces, I have several friends offered very expensive solid gold daytonas and sky dwellers, these pieces sell from dealers only a little over retail, so the buy price would be under retail, even on new unworn watches. If you really want the watch thats fine, the cheapest way is off and AD but if you are going to flip you will loose some money. Also a watch like that is a hard sell, dealers want 4 stainless rather than one PM piece, much easier shift the cheaper watches. Often dealers just refuse these pieces (hence the AD offering them out the front door rather than the back). Dont get slipped a dog, the heat is totally out of the skydweller market.

DPG · 22-09-2021 4:15pm

https://www.boards.ie/discussion/comment/117924683#Comment_117924683

Thanks for that. Im waiting on a call from the Northern dealer to confirm as I just checked the GBP vs Euro price of a rose gold Daytona and its €1500 so something is definitely not correct.

893bet · 22-09-2021 8:46pm

Just re-read the most of this thread. Interesting reading!

893bet · 22-09-2021 8:49pm

https://www.boards.ie/discussion/comment/107583805#Comment_107583805

This piece of man maths served me well at least. A rare right move!

CalamariFritti · 23-09-2021 6:07am

https://www.boards.ie/discussion/comment/116870258#Comment_116870258

I must say that maybe I don't know how to appreciate high-end watches or maybe I overlook the material and technical aspects.

But none of those would interest me in the slightest. Half of them - now I'm sure they look impressive in the flesh with quality manufacturing, precision and materials and awesome mechanical engineering - but half of those look like unaesthetic bling and the rest looks over engineered and barely functional. Aa in easy to read the time off.

Wouldnt have any of them if the were a €1,000. There isn't as single tasteful, aesthetically pleasing watch in that list - in my opinion.

Cyrus · 23-09-2021 9:39am

https://www.boards.ie/discussion/comment/117927334#Comment_117927334

begs the obvious question then :)

what would your 100k fantasy budget go on?

How hard is it to get the rolex you want

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