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would YOU buy a Rolex at the current price craze?

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Would you buy at current grey market or used prices?

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41 - 60 of 637 Posts
#41 ·
Msiekierski said:
Agree, Eric! Thought question was why don’t grays list auction style, since Rolex is so “hot...
I think they don’t have any emotions about the brand, just as long the profit margin is there.
But if I were to sell one, I think I’d rather take a small hit, then possibly get scammed. Either to trusted forum member, or a trusted gray. No hate in my heart toward grays, they provide a service to those who want it.
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Oh, got it. Yeah, wouldn't make sense for an established gray to sell through the Bay, as it would eat up their profit margin. The only Rolex I've ever sold was to a gray to avoid getting scammed.
 
#43 ·
HiggsBoson said:
I'd definitely buy a Rolex from an AD at MRRP. (if it were ever possible)
I'd never buy a Rolex from a grey dealer, at an increased 'premium'.
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The problem with this is most AD's are not selling their stock, they are using them as 'exhibition' items until they are over a year old when they can pass them on to a grey market trader at inflated prices. The AD's are a big part of the problem.
 
#45 ·
Toolwatchmd said:
If Rolex models are so hot then why don’t the flippers post their Rolexes on eBay as auctions? None of them are ever up for bidding. Part of me thinks that the current listed prices are aspirational and not true market value. Is there anyone here that will admit to buying a light blue OP for $18k?
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I agree, most Rolex's I see advertised on the grey market don't seem to sell, the adverts remain for years!
 
#46 ·
Tiego said:
The problem with this is most AD's are not selling their stock, they are using them as 'exhibition' items until they are over a year old when they can pass them on to a grey market trader at inflated prices. The AD's are a big part of the problem.
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I don't know how you can be so sure of this. My AD could just as easily scan the warranty card, remove the stickers, and put the watch in his pre-owned case at 2x MSRP. No, he seels them at MSRP, makes the "standard" profit and keeps his loyal customers, such as myself, happy. Not everyone is motivated by greed.
 
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#47 ·
I was fortunate to get an Explore 214270 MKII at MSRP! I love it - not selling it, but it is now worth about $12K :eek:

At the current Rolex tragedy of no inventory and crazy over MSRP asking prices - there are much better options out there.
 
#49 ·
I would never pay more than msrp. Think about it, prior to the hype some of us were even debating if these watches were actually worth their msrp! Go figure.

This is a terrible time to get into the hobby. If you entered before the craze I’d ride it out. If you want to get into horology I’d suggest researching other brands.


Sent from my iPhone using Tapatalk
 
#50 ·
GConn said:
Hi everyone,

usually I'm all quiet in the forum, just reading away. Today I have a genuine question though.

Do people really buy Rolexes in the grey market prices, as they stand today? Or is it just a craze of the type "I'll buy today at 5 and sell in six months time for 7, it's an investment"? Never mind the people for whom money is not an object, the question does not apply for those few people that go "ooooh shiny, only $9873598375, I want two of those".

I mean, 9-11k for OP41, 30+ for daytonas etc. Yeah, great watches and prolly the most powerful brand in the industry, but am I the only one feeling that they are overstepping at those prices? ….I mean, 10k-20k get you into high horology items. Haute > any Rolex, but that's just me, being a watch geek :)

Same applies with the Patek nautilus and of course the AP R. Oak.
EDIT: AD prices are a different thing. We ignore those.
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9 Posts huh? Pretty deep topic.

It is a silly question....like asking how could someone spend $388,000 Mclaren 765LT.

Its all relative...13k for a sub or 9k for 3 years wait. If people have the money who cares...If I had that much money I'd have everything I've every wanted.

Also you realized that comparatively speaking to many many watches Rolex is dirt cheap right?
 
#51 ·
The market for Rolex on the gray market or used market is batpoop crazy right now, and even if I had the money I would never partake in it. At David SW there is a steel 2020 Rolex Cosmograph Daytona listed for $35,875:

Image


It is supposed to retail for $13,150. I don't care how much you like that watch, that type of discrepancy is insane.

For context, the retail on the new Omega Speedmaster Racing I just bought, a watch that is objectively as good or better in almost all respects (okay, the Daytona has better water resistance) is $8,750 (and I didn't pay full retail):

Image




I could win the Mega Millions tomorrow and I'd still feel like a chump if I bought that Daytona. But that's just me. People are free to spend their own money in whatever manner they like, but I wouldn't contribute to a crazy situation like this, not with so many other good or better choices out there as alternatives to Rolex (including from Tudor).
 
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#52 ·
Tiego said:
The problem with this is most AD's are not selling their stock, they are using them as 'exhibition' items until they are over a year old when they can pass them on to a grey market trader at inflated prices. The AD's are a big part of the problem.
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That's exactly why I put, 'if it were ever possible'.
 
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#53 ·
Tiego said:
The problem with this is most AD's are not selling their stock, they are using them as 'exhibition' items until they are over a year old when they can pass them on to a grey market trader at inflated prices. The AD's are a big part of the problem.
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This is a good point. Not to mention, how many are actually sold to an end user? Or our gray dealers marking as “sold” and actually trading them as equity for other pieces to other grays?


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#54 ·
ChronoB said:
The market for Rolex on the gray market or used market is batpoop crazy right now, and even if I had the money I would never partake in it. At David SW there is a steel 2020 Rolex Cosmograph Daytona listed for $35,875:

View attachment 16275276

It is supposed to retail for $13,150. I don't care how much you like that watch, that type of discrepancy is insane.

For context, the retail on the new Omega Speedmaster Racing I just bought, a watch that is objectively as good or better in almost all respects (okay, the Daytona has better water resistance) is $8,750 (and I didn't pay full retail):

View attachment 16275271



I could win the Mega Millions tomorrow and I'd still feel like a chump if I bought that Daytona. But that's just me. People are free to spend their own money in whatever manner they like, but I wouldn't contribute to a crazy situation like this, not with so many other good or better choices out there as alternatives to Rolex (including from Tudor).
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LOL
 
#55 ·
Seabee1 said:
Anything is abrasive if one is sensitive enough. I thought your comment "..."ooooh shiny, only $9873598375, I want two of those". to be a bit of an insult to people that can afford nice things so yeah...abrasive.

Beyond that I'm just questioning your thoughts because you make them as if you know them to be true. I pointed out that rolex doesn't control gray market prices, people selling and buying in the gray market control them but you alluded to rolex being in charge of that. I disagreed.

And you state that rolex is high horology and I questioned that statement. High horology is just that and it doesn't come at $12K, maybe closer to $100K.

So you didn't agree with what I wrote, disagreeing with what you wrote and to high light that you quoted my comment and then referred to it as abrasive. So it seems to me that you don't like to be disagreed with and you get petulant when you have been. Good to know. I look forward to more of your enlightenment.
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Yes that was very offensive, any billionaire would weep after reading such an abrasive and hurtful comment. Thank you for coming to their defense.
 
Discussion starter · #56 ·
Mickey® said:
9 Posts huh? Pretty deep topic.

It is a silly question....like asking how could someone spend $388,000 Mclaren 765LT.

Its all relative...13k for a sub or 9k for 3 years wait. If people have the money who cares...If I had that much money I'd have everything I've every wanted.

Also you realized that comparatively speaking to many many watches Rolex is dirt cheap right?
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Yeah, R is cheap when compared to certain watches. 116506 isn't though. Cheapest on chrono24 is 100k! Even with solid platinum, I would probably (personally) look elsewhere. Hence my question.

My question would apply to the 765LT if it was advertised everywhere at 998.000, when dealer has a waiting list & sells for 388. And yes sometimes I'm guilty of asking silly questions :)
 
#58 ·
I still own a Rolex though I have sold off the other two I owned. When they were sold at the PXs in Europe, it was kind of a thing to buy a Date or Datejust, Submariner or Daytona. GMT not so much. They were like 500 bucks or so, about half an O2's monthly pay without COLA. I would never pay AD or grey market prices today, as there is nothing interesting about a Rolex to me. Watches like JLC, Cartier, Zenith, Panerai and Blancpain interest me more in the mid-luxury range. Too many people own Rolex anyway.
 
#59 ·
Seabee1 said:
And I wasn't even talking to you. But as where here; yet one more person who despises anyone with more money than they?
View attachment 16275326
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You weren’t talking to me but this is a public forum, so everyone is allowed to chime in as they see fit. If you want a private convo with OP, there is something called private messaging. Also, as someone who has tens of thousands of dollars tied up in luxury watches, I’m considered someone who has money by like 99% of the worlds population. If they want to criticize me for spending my money on luxury watches, I can deal with it, don’t need anyone to come to my defense.
 
#60 ·
ChronoB said:
The market for Rolex on the gray market or used market is batpoop crazy right now, and even if I had the money I would never partake in it. At David SW there is a steel 2020 Rolex Cosmograph Daytona listed for $35,875:

View attachment 16275276

It is supposed to retail for $13,150. I don't care how much you like that watch, that type of discrepancy is insane.

For context, the retail on the new Omega Speedmaster Racing I just bought, a watch that is objectively as good or better in almost all respects (okay, the Daytona has better water resistance) is $8,750 (and I didn't pay full retail):

View attachment 16275271



I could win the Mega Millions tomorrow and I'd still feel like a chump if I bought that Daytona. But that's just me. People are free to spend their own money in whatever manner they like, but I wouldn't contribute to a crazy situation like this, not with so many other good or better choices out there as alternatives to Rolex (including from Tudor).
Click to expand...
If both were MSRP no way I'd buy that Omega...I'd pay the extra 5k.

If someone (not necessarily you) doesn't like Rolex thats fine but when I see people have to fight to prove their brand is as good a "Rolex" and cheaper...it feels like they are actually obsessed with Rolex. I mean otherwise just go post about your watch. Actually I am sure that most Rolex hate is actually the opposite...

If one wanted a Daytona that Omega is not going to scratch that itch.
 
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