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Discussion Starter · #1 ·
Friends, I do not know if this is the right place for this. Mods please move this thread if necessary.
I am travelling to HK in May end and want to buy a Rolex. Preferably the GMT or Explorer II. Both new series with or without box/ papers. I have been searching this forum and have stumbled upon a few threads. I found names and locations of stores/ shops and researched them too. Some of these guys have websites. However the prices are way above what one would pay for a used Rolex in India. The only sad thing is that in India, a pre-owned Rolex does not come very easily. What is available are the very old models. Eg A Rolex GMT Master II ceramic (used) in steel costs HKD 46000 (and odd) whereas in India if one could source on it would be possible to get it for almost HKD 38000 (and odd). A difference of HKD 8000 is almost equivalent to USD 1000 (and odd).
I want to ask friends who have shopped in HK, if these prices are negotiable. And if yes, then by how much. Has anyone bought a Rolex after negotiating with these preowned shops and what has been their experience. What is it that I need to look out for. What should I avoid. I am going to be buying just one. Either the GMT II or the Explorer II since I already have a DateJust II and SubC. Also is there any difference between a credit card price and a cash price (how much)?
Rolex does not give much of discounts in HK from what I heard. I have checkd Ken watches. They have a website. Friends on this forum have mentioned other stores around TST area and Causeway.
Please guide me if anyone has experience with Rolex in Hong Kong. Thanks in advance.
 

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I've only been to HK once, they do have tons of pre-owned watch shops and Rolex is a very popular brand (reason why they might be more expensive in HK than India),

they are certainly negotiable, how much ... that depends on you and your budget,
in HK everyone haggles/bargains, so dont feel too intimidated or shied from it, it's what they do at the market

that said, you really have to be careful in regards to quality (goes for anywhere else in the world),
check and double check and test and retest the watch if you're serious about buying it
 

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You could say there are two markets in hk that deal with second hand watches.

One is the nearly new market that stock brands new models, pre-owned to supply those that don't want to deal with whatever wait times there are for them. These places are also the ones where you find watches that have been off-loaded by those that switch up every year.

The other is the "real" second hand/vintage market.

The second is the one that is harder to find because they tend to in non-tourist locations.
 

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Generally 10-15% off for BNIB/Grey market/Imported Rolex in Hong Kong, most AD you can get 5-8% off without even asking much. Bigger AD doesn't care if you are paying cash, RMB or credit but smaller place they will ask for 3% charge for credit card, hell some shop even offer 1-2 year terms for purchase.

TST and CWB is the usual "high end" tourist spot, Mong Kok Nathan road and Dandas street are localized(aka more aggressive pricing). Except for Boutique you can bargain, the sticker price is just for reference, they will let you know if it's too low(cash is king when you are in those area)

If you are shopping for Rolex I think you will be quite happy with the selection, not to mention the HK ROLEX service center does free inspection for any 400/888 aka HK dealer sold Rolex, you can have the watch checked free of charge at RSC to ensure you are getting a real deal in good condition.

Good luck

<--been working in HK for almost 3 years now :)
 
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Hong Kong is fantastic in nearly every way. Watches are no exception...
 
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..now that my "secret" watch spot is out in the open, I might as well add some details.

Around Dundas Street and Kwong Wah Street (its a little covered pedestrian alley) there are a few second hand watch shops tucked in between the airsoft and scale model stores and places to eat.
These are of the second hand/vintage type store instead of the collector/reseller type place.


There's a neat little Rolex specialist there, I think on the corner of Yim Po Fong. Can't be certain as I always come across it on my way from the model stores.

There are more and if you're a proper vintage head, it's worth looking around Sham Shui Po, especially Apliu Street market because there are a few watch stalls that sometimes has little gems. You have to know what you're looking at though.

General tip, in the dingier malls where you usually find trendy kids shops, they usually have a least one vintage/antique/old junk store that again occasionally has intetesting things. Maybe not that useful for short trips but I suppose what I mean to say is that you'll not find them often out in the open, mainly because the rent is too high.
 

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There were a few stores in Champagne Court (Don't let the gloomy interior of the building scare you) next to the The Mira selling preowned pieces, listed prices seem to be a little on the high side though
 

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Off the top of my head, I think the easiest place to find for a first-timer is the Sino Centre on Nathan Road.

Maybe not for buying (that isn't too say the prices aren't competitive) but you'll see a good range of modern and "proper" vintage there.
 

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My apologies for bumping an old thread but, really no need to start a new one as, I just wanted to add my 2 cents.

This is my first visit to Hong Kong and the selection is mind blowing, far exceeding what you find in Europe or the Middle East. I've been looking for the Tissot Skeleton watch for 2 years and finally saw one in the flesh yesterday. One minor disappointment, the RADO store I browsed didn't have a DiaStar.

I browsed the second hand stores in Champagne Court but, I don't know enough about watches to know what is real or counterfeit so, I'll stay away from that.
 

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I am a HongKonger. and for second hand watches normally u can asked for 20% off for the price quoted.. if you are a foreigners they may charge u higher like 10% off. Please pay in HKD cash.

As mentioned by drunken monkey, Mongkok Dundas street (Yan On building) is a good place to start with, where there are tons of preowned-watch shops.

GMT8-HK Second Hand Watches Shop - ?????? <- this website tells u all the locations
 

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If you buy from the shops at Champagne Court they should be ok.. a bit overpriced... these shops have been there for years... just don't buy it if you have doubts.

You know there are a few brothels in Champagne Court so I suspect some of the watches are from the forgetful customers?
 

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Discussion Starter · #14 ·
Thanks for the replies. I visited HK and as per your advise went to Champagne Court. There is a store called Lafayatte and picked up a watch from there. This was May 2014. Its been a year almost. Picked up a Rolex Explorer II since they did not have any GMT Master in stock. Yes, I did pay about Rs. 20,000 (USD 300) above Indian prices. Paid cash in US dollars. They did negotiate, but just about 5-6%. But I got a mint piece, scratchless and with box and warranty (although void). So perhaps it was a legit piece not left behind by a forgetful customer ;). Some brands were priced well. Rolex, AP, IWC are way too higher compared to normal used prices. Thanks everyone.
 

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I bought my B&R at one of the shops in Champagne Court. He came down by >20% on his initial price, after asking "are you ready to buy right now" after i got ready to walk away.
 

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Resurrecting thread again. Am visiting Hong Kong now and appreciate the info provided very much. I am assuming the places mentioned are still recommended? Any newly discovered good places? Thanks.
 

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New or pre-owned? But basically, the same shops as mentioned above for pre-owned.


Sent from my iPad using Tapatalk
 

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BTW I was informed by a HK colleague when I lived there that one reason for the profusion of expensive watches was that very many wealthy Chinese were superstitious about buying too expensive an apartment so they would buy expensive watches (cars, yachts...) instead.
 

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New or pre-owned? But basically, the same shops as mentioned above for pre-owned.


Sent from my iPad using Tapatalk
Thank you. Yes, pre-owned and trustworthy places where they don't sell fakes. I don't have a good eye or know anyone who can help me so I need to be careful. This thread is v useful. Thanks all.
 

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BTW I was informed by a HK colleague when I lived there that one reason for the profusion of expensive watches was that very many wealthy Chinese were superstitious about buying too expensive an apartment so they would buy expensive watches (cars, yachts...) instead.
Interesting! I thought it was because it's easier to put away watches for tax evasion purposes (I don't approve!) but I guess you can't hide a yacht or a car. :)
 
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