These Rolex Models Are DEAD In The Market - Watch Dealers Honest Market Update - October 2023
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- Опубліковано 30 вер 2023
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As the Founder and CEO of The Luxury Watch Company (the Norths leading independent watch company) The Honest Watch Dealer gives the real-time perspective of an active dealer.
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Let’s keep it simple. What went on the during the Covid years to watch prices was a complete market distortion which I’d say is highly unlikely to ever happen again. Buy a watch to mark a special occasion, do not consider it an investment.
^ exactly this 100% The grey market is full of inventory which isn't shifting. Why? Because they are still asking Covid prices, which in and of itself, was mental, even at that time. Remember at the height of the madness, where youtubers were tealling everyday punters , like me when they bid for a watch , " todays price is not tomorrows price" implying in the strongest terms, if you don;t buy it today, it will be more tomorrow. Well, it works both ways, you can now say the same thing to them in reverse.
Prices are correcting accordingly and will continue to decrease. If you compare those price charts to stick charts.. Carbon copy.. Be patient or not, treat yourself when you can!
What happened during covid has happened many times just on smaller scales. So if the event expanded prices throughout the "whole" economy not only the watch market to such a noticeable main stream event, imaging were prices will go in the next event as financial crisis are only getting larger . Some prices are still expanding deflating other prices as the wave of inflation created by governments moves through the economey.
Value a watch and look at the price, purchase a watch or hard asset at the right time to protect yourself against the effects of inflation, expanding prices, just workout where you are in the cycle.
I disagree. There's been a minor correction to the some of the most absurdly priced watches like the stainless Daytonas. They went from trading at 300% retail down to 200-250%. Still ridiculous. In the meantime, the inflated demand has propagated to every other model. Even Datejusts are hard to get now. High demand and low supply are here to stay, I'm afraid.
As the recession bites, and it will, expect to see prices tumble and I won’t be shedding any tears for the likes of Rolex, Patek and ADs who have treated their clients with utter contempt.
In which way have these brands treated their clients with ‘utter contempt?’
They decided to sell to flippers over the last 3 years instead of retail clients so screw the AD's and these brands
I’ll be buying
The full normalcy with have in 18 to 24 months.
Sit back and enjoy the show. 🎉
As someone who has purchased multiple watches at MSRP from an AD, I have to politely disagree with you. I mean not to be antagonistic, but I know, for a fact that they have refused to sell to anyone whom they even suspect of flipping. I’ve watched it happen, including an individual who offered them more money than MSRP who was flatly turned down. He then asked to buy the GMT that I just purchased. I can understand the bitterness for those that have been waiting, but again, I can tell you that plenty of us are buying them from the dealers. It’s a privileged life for any of us interested in these time pieces for sure.
The prices are low and dropping , unless you wanna buy them for the grey market, whilst the prices " are sky rocketing !!"
Batman/Batgirl at £15,000 a few years old and it’s new at an AD for £9,000+ 😂 I know they are very hard to get from an AD but they are never Worth £6,000 over list.
@@barchenko892 I wouldn’t
They're worth what someone is willing to pay. Apparently plenty of people are more than willing to the high prices
Building relationships and trust with AD is how you get these watches and if you will ever only buy one , and think you can even consider market price, then try and get one. If you really want one them you’ll know grey market dictates this and it is this market that fluctuates. If you want one then just get one and don’t stress too much over the grey price, but if you’re investing it’s hard if you’re not a dealer and have the clients and trust with ADs
@@leebo8079 Would you ever do the same when buying a new car. Sorry sir you can’t buy this Bentley unless you buy 3 bottom of the range VW polos 😂 years ago I had no history with any Rolex AD’s and within a space of 18 months I bought 3 stainless steel Daytonas 2 white and 1 black dial and a DeepSea Dweller all from Ernest Jones, Kings Rd Chelsea, Richmond High St London and the Bullring Birmingham and even got 10% discount as I had a shareholders discount card because I bought £20 worth of shares. I’m currently on 3 different waiting lists for a Batman GMT oyster and I think I will get one. I spoke to the AD a few weeks ago after I got in contact with Rolex direct who told me that I am on their list. He did say if I wanted a Rootbeer GMT it would be quicker.
Did you know that the terms of being a Rolex AD is that they are not supposed to make you buy other items just to be able to buy a Rolex. I’ve got it writing from Rolex.
@@leebo8079 I would love to be able to build a relationship with AD, but how could you do that if they never sell you any new watch? NONE!! So, the only way I see is either you wait on a list (that takes years if you want a popular watch) and visit them every couple weeks showing up with stupid gifts, or you buy used stuff from them paying way above market price so you make your "brown nose reputation". Hell no, not for me at least...
Got to disagree with your price on the latest explorer 2
No one is paying £10k plus for it
Loads for sale not selling
Lucky to get rrp
I just bought one
@@lovesautodetail you likely just lost a grand
@@tomb3009I’m not selling it so I lost 12,500
I got offered one within a month
Who cares buy what you want simple. I have lost a load on a rootbeer beer as I could not get one off a greedy AD, so Instead had to buy off a greedy second hand dealer. It is what it is, under retail over retail just enjoy your watch and stop listening to ifs and buts.
there are numerous stories about gray dealers not taking certain Rolex models because they are holding so much stock
why do Rolex ads have nothing to sell while the gray market is pretty full ??
it makes no sense
Rolex AD's do have stock of Rolex models, but they are still acting as if it is in limited supply like when Rolex shutdown factories for Covid. Th AD's are not putting Rolex in their showcases here in the Washington DC area, and still peddling the lack of supply issue. The grey market is not stocking as much Rolex like they did during the Pandemic. It became public on UA-cam that many Rolex AD's in the USA were selling direct to the grey market at higher profit margin (ie. over list price) recently. As the law of unexpected consequences goes, I found other outstanding brands to collect at affordable prices. The AD's in the United States are still showing empty showcases, which makes no sense at all.
@@dannysimenauer5745 I have omega and Seiko
wanted just one Rolex to complete a great trinity of watches
not interested in Tudor,tag,breitling etc
ap,pp,VC out of my price range
rolex ads must have plenty of room in their vaults
The recent price correction still shows strong prices..pre covid Steel Daytona was 19K..Batman Pepsi 12K..If you bought at the top of the market those days are long gone..Nobody should be paying over RRP for a Datejust..thats why the Grey Market was in place to sell AD watches they couldnt shift like the DJ and Explorer range at 30% under list..
30 percent under list on DJ? That must have been a long time ago, grey market 10 years ago was maybe 12-15 percent off.
You could get 15-20% discount from an AD on a Datejust back then.. I got my 16518 Daytona at 15% discount on a VAT free bank holiday weekend..
Let’s take a minute moment to spare a thought for those who bought from the grey market dealer well over retail.
no, let's take a minute to laugh at them. people get what they deserve.
@@vegasprogambler5336 I understand your sentiment but … oh, I was gonna try ti say something nice but I can’t. I can understand people paying a bit over retail to get their watch… maybe 20percent over retail but I honestly don’t understand how someone could pay 100percent plus for an AP or Hype Rolex.
worse still, buy at peak grey price, only to find out the watch is a replica.
@@wallpaper000 my AD told me about a woman who wore her Rolex for 16 years and took it in when she found out that watches needed to be serviced. She was heart broken to find out it was fake. The AD said that before it left her wrist he knew it was fake.
Must be incredible quality if it lasted 16 years without a service. I know of lots of people who have had to service their Rolex in half that time.
Got offered gold sky dweller on oyster and oyster flex straps from an AD today. I passed but great time to pick up the watches you’ve wanted for ages. They only go down if you sell them and I personally buy watches to wear
That’s the best way to go about it! Buy what you love 👌🏻
A submariner on oyster-flex would be mint. It’s a shame that Rolex have not made it happen yet.
Can you just purchase an extra band from Rolex and roll one yourself ?
That would be an interesting combination! 👌🏻
RubberB - I stuck a black one on my 126613LN (Black Steel & Gold sub) totally transformed it.
Got the new Tudor Black Bay with the red bezel on the rubber strap. Amazing watch for a third of the price of the Sub. Value is incredible with the new movement.
@@wristshotter7832sounds like an amazing combo 👍🏻
Great vid. Now watch it regularly.
Odd that the Explorer 2 black is still middle of the road. It's probably more rugged than the Sub and the best workhorse in Rolex's stable. I bought an E2 1655 in 1976 and it took a hell of a beating but served me well for 40 years. I changed it for a 216570 in 2019 but the old one was better! 42mm case is too big and heavy. Will sell for something smaller/40mm.
Thank you for watching James, really appreciate it.
Like you say, such a workhorse, definitely one that can stand the test of time. Great that it lasted a good 40 years, very impressive! 🙏
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them.
Spot on here, a lot of people could benefit greatly if they taught it in schools. 👌
@@thehonestwatchdealer schools indoctrinate. No teaching
@@thehonestwatchdealer I have just stumbled upon your channel as I have been trying to ask certain UA-cam channels a question but they seem to block me for asking.
My question to yourself if you wouldn’t mind answering is please.
If I was to buy a watch from yourself or any other dealer in the uk, could you guarantee it had the original insides it left the manufacturer with when sold originally??
I am only asking for a friend who is currently considering buying a watch for a significant amount of money.
Now I’m just saying to my friend unless it was sent away back to the manufacturer to verify that surely?? Is that right in thinking??
Hi mate,
Yes so we carry out numerous checks on the watch and full set and ensure we only stock the genuine models.
If you buy from a reputable dealer they will carry out these checks too.
I hope this helps.@@frederickkay4308
Yes they may be genuine but are they all original inside is what I’m asking like they left factory and haven’t got later genuine insides in??
Would you send a rolex you are selling for over 10 grand to rolex to make sure it was the original insides??
I would hate spending 20 grand up to 100 grand on a watch not knowing if it was the original insides it left factory with.
Surely that would effect the price?? Also do you send your watches back to the manufacturer to see if it is still original factory parts??
That Ghost is a thing of beauty
One of the most stunning models isn't it 👌
While it’s great to see the prices come down no way should anyone pay over retail for a watch. You will loose you ass doing so. Prices will fall under retail in 2024. Resellers are sitting on a ton of watches they over paid for the lag effect with interest rates will kick in and money will dry up. The flippers will be going as they don’t want to get caught holder the bag on an expensive watch they can’t dump. If you can exercise some patience prices will continue to drop. The watch market is dead floating in a backyard pool face down 😂
Stupidity and wishful thinking. Keep hating on the watch market doomsday hater
Don't pay more ,I say Don't pay more 😂
Yup I know two friends who got offered pandas by their ad in the last two months, a few date just mint dials. Prices are settling and I love it because I purchase my watches to hold and keep. I have been able to add anything to my collection since the Covid highs.
Ah thats great news! Hopefully things are going to become more attainable from the AD 👍
I didn't much like that Daytona before. But the changes they made to the bezel I really don't like. Personally, I consider the Zenith El Primero Sport before to be a copy. Now I consider it to be the better design.
Ah very nice model that one 👌🏻
Get the impression that these dealers are desperate to get rid of their stock before they are dragged into insolvency. The world is sprinting into a recession, and Rolex are going to increase production to over 2 million in 2025, and Rolex have started playing silly buggers with other sought after models, and they have increased retail prices and taken control of the secondhand market. Result: buying a Rolex now is just crazy.
Brilliant vid Charlie great information on how the watch market is going I'm liking the oyster flex more and more Jubilee still on top
Thank you mate really appreciate it! Ah yes the OysterFlex will take the lead in no time I’m sure 😉
flippers and grey dealers getting burnt .. love to see it
Thanks so much Charlie...yet another SUPERB review of the current Rolex market. You sir are a credit to the watch collector community!!
Thank you mate I really appreciate that! Thanks for watching 🙏
The dirty money is slowly being rinsed out of the watch market
More like free money. Zero % interest rates, bounce back loans, furlow payments and 50k hand outs to small businesses inflated asset prices to insane amounts especially luxury watches and bitcoin. Now interest rates are 5.5% and liquidity has left the market there is no reason the secondary prices should be at 2018 levels never mind 2020. Give it another 12 months when more and more people have had to refinance their homes loans and we really will see how low Rolex prices will go.
Great video Charlie! Love the content! What do you think of the recently discontinued Daytona Meteorite Oysterflex WG and also the Daytona John Mayer?
Thank you mate, really appreciate it! Both Stunning watches and should be good ones to hold long term 👌
No point in growing to they grey market, err why? I have never waited more than 9 months , even for the most desirable pieces??!!
Cant wait to see the comparison of the new Daytona's. I had been wondering when they would hit the market. Looking forward to it! Thank you sir!
Hopefully should start hitting the market soon, would make a great video 👌
Rolex is a 3rd tier watch. Great watches for people who have lots of cash but very little understanding of watches.
When I got into watches, a SS Sub date, 16610 was under £3K, and there was no waiting, they were just in the shop. I couldn't afford one then, I'll never get one now.
Yes unfortunately the AD games have gotten much worse since those days, hopefully you’ll get one some day mate 🙏
I don’t really see a big demand for ghost in US. There are few websites where these watches are sitting for months. I was looking for one and asking around every dealer was dropping their prices to sell. I personally do not like it but settled on a day date below rrp.
Great content and lovely watches. Also seem like your are genuine about prices and what market is doing
Thank you mate really appreciate that! Yes there are different markets throughout the world, the Ghost is very popular over here 👌🏻
Americans have shite taste.
It's just a bizarre purchase for what would be the equivalent of $40k. Who wouldn't just get an AP?
Everyone has different tastes for me AP is not something I like
These are great! Look forward to this each month. Would love to see a video on the difference between European vs US markets.
Thank you mate glad you enjoy them! That would make an interesting video 👌
Hi @thehonestwatchdealer, at 7:35 you mention that watches like Daytona Paul Newman aren't popular, but then you mention at 10:00 that Daytona's yellow gold and rose gold are by far the most popular. How do you mean?
What would be a reasonable price for a yellow gold Paul Newman Cosmograph Daytona? I'm thinking of selling mine (quite scratched up, no papers or box). Bucherer first offered to buy it for $34k but then dropped the price to $32k after I inquired 6 months later (this year).
Yes so best to avoid the full precious metal versions. They ones that are popular and good buys are those on the OysterFlex 👍
Very hard to say without seeing the condition and knowing a few other details, and without papers would likely get quite a bit less than the market value I’m afraid
Great video Charlie! Sounds like you’re not a fan of the new Pikachu missing the black markers. I’m trying to see if my AD will come through for me on the new Pikachu. I won’t pass it up if ever offered, but I must admit I love your Pikachu with the black markers.
Thank you mate! Hopefully you get offered the new one soon, fingers crossed for you 🤞
Great video as per, after a quick bit of advice. I bought a bluesy from the AD back in August, what would be the best ladies model to request this time around, from a not losing mega amounts of money perspective? Thanks in advance.
Thank you mate, really appreciate it!
Try and go for a fluted/jubilee, MOP or Pink dials are great ones to go for 👌
How is market for Sky Dweller White Gold/Black Dial with Oysterflex ? RRP still good deal from AD?
Unfortunately this one is quite underlist at the moment, same with the other Sky-Dweller OysterFlex models 👍
Great to hear nice information about rolex watches from you. Very on point with necessary data for the public. Thank you guy's.
Thank you Anthony, so glad you liked the video 🙏
I don’t know where the bargains are but here in Australia they seem still extremely expensive with the currency conversion they are almost double to what is retail here.
Yeah I’m from Sydney myself and almost everything is way above market value, like I was talking to a grey market dealer in Sydney CBD about a Rolex 14060M which his asking price was $18,500!! For a 2012 Rolex that is insane! He has dropped the price down to $16,500 for me because I am new to the market but idk its still very high for me
In Canada, in the Secondary Market, a new GMT Master ii is double retail or more depending on which GMT you want.
DROP DROP DROP......still more to go
The last new Rolex I bought was at 16% below list, from Iconic Watches. I’ve been biding my time, until I buy my next new Rolex at 10% below list as a minimum, for a stainless steel sports model. Anyone who pays over list is dumb. People need to wise up and smell the coffee. Rolex are nice watches, but are worth nothing over list.
Believe me, in the future, people will look back in incredulity at how much people were conned into paying for a mass produced watch, especially at the height of the madness.
In 2015, I bought a used, and completely mint 16610 Sub Date, full set, for £3750! The seller, could barely move his watches, and his watches were higher priced than most, because they were all full sets In remarkable condition. I bought it from The Swiss Watch Trader in Portsmouth, just for clarity.
These fellas know what’s coming.
Come the new year they’ll be rrp or below
Fully agree with your perspective! The AD's don't put Rolex in their showcases, but act as if this is a rare watch. With a little patience, the pendulum will swing back hard into the collector's favor.
Please share your views about the Sea Dweller 43 red line 50th aniversary.
Stunning model mate, I'll see what I can do 👌
Thanks for the great insight to the Rolex market. I have a Panda Daytona but am hoping the Everose Oysterflex Meteorite prices drop down to Earth to make a trade.
You are welcome and thank you for watching!
Would be fantastic if you manage to get your hands on the Meteorite Oysterflex, such a stunning watch 👌
Not here in the USA. No stock and nothing near RRP. Used sub mariners $15,000 plus.
Ah yes everywhere has their own Markets, hopefully they will become more available to you soon 🙏
Superb quality and content Charlie and the Team. Now my go to channel for up to date market info 👏🏻👏🏻👏🏻
Thank you Ronnie really appreciate that! So glad you like the channel 🙏
How about the new GMT-Master II released at Watch and Wonders are those available on gray and relative to msrp?
Thank you for watching mate, still slightly above list this ones to buy - stunning model 👌
Better value at the AD
Prices for everything are tanking…in fact you can’t get a bid for a lot of gear now. Full on recession coming down the pipe.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
When you talk about prices, can you do the USD conversion aswell? That would be greattttt
Hi Bryan thank you for watching, going to look into this and get it sorted 👍
I had the opportunity back in 2016 to purchase a platinum Daytona for $35K USD or a Batman at MSRP and stupidly walked away from both because I had no idea that either was as rarely available as it was. I was like, "Oh, those are nice; I'll think about it." /facepalm.
Ah Nevermind, you can’t win them all!
Hopefully you will get the opportunity again some day! 🙌
What are your thoughts on purchasing a 116520 white-dial anytime soon? I keep saying it's a good time to buy but prices keep going lower....
Very hard to say! Definitely a buyers market at the moment, hard to say where they will stabilise currently 👍
Couple of notes:
Great value for money? A mass produced steel watch for 8000 quid rrp? Think about it.
Normal looks like this btw:
- Steel sports (except Daytona): rrp-10%
- tt: rrp-20%
- pm: rrp-25%
Very informative as always Charlie my man
I would be interested to hear your thoughts on how you think the Rolex Certified Pre-Owned programme will effect used values, do you think once it is fully rolled out we will see used values shored up in any way or will the downwards trend continue ?
Thank you Ronald, appreciate that, thank you for watching once again!
Definitely something I could look into for future content, will be interesting to see what happens once it rolls out 👌
@@thehonestwatchdealer I think that would make a great video Charlie, I've heard various people speculating on this with differing opinions but I'd love to hear your take on it. Your channel has now become THE authority on the state of the UK watch market 👍
@@ronaldJ262 Ah thank you mate, really means a lot! Really appreciate it 🙏
Mmmm... not sure if i like the new Daytona range, the subdials are a bit small. The two tone black diamond dial is a bit naff compared to the discontinued model. Look like matt gold colour sub dials that don't pop.
Ah yes there are some very subtle changes. Maybe they will grow on you eventually 👌🏻
how does it work when shipping to the US from your website ? what types of fees are added?
Thank you for the enquiry, feel free to contact us through the website and we can discuss your options.
Www.theluxurywatchcompany.com
Will you carry the 1908 or is it too different from other rolexes for you to hold it?
Would be one we look to get in if we come across any, very nice watch! 👌
Hey Charlie, love your videos mate. Any chance we could find out how much you buy each watch for (not just what you’re selling for)? I know you’ll understand as a man of honesty and integrity. Cheers. 🍻
Thank you mate, appreciate that! I will see what I can do 🙌
oh i put my rolex daytona black dial ,order in the ad back in April, i wonder if i get the call
Hopefully you get the call soon mate - great choice 👌
Bought a 126610LV a few months back, traded my LN plus cash… I thought it was the more unique nicer watch to have but what do people think, move back to classic LN or keep LV? I would have lost a few grand in the process but more in it just for a watch to enjoy and hopefully get majority of money back if ever needed to sell in future
Nice choice, definitely stick with which you are going to wear and enjoy the most 👌
Most I could get for my mint green DJ 41 smooth bezel Jubilee was £8k ..and it took a few weeks
Unfortunately the mint has come down a bit since release, at least it sold in the end 👍
Great review as always. Thanks a lot! I am still waiting for Picachu to hit retail price on the grey market. What do you think of OP with celebration dial? Is a good time to buy?
Thank you mate really appreciate it it!
Prices have come down and stabilised, could be a good time to pull the trigger!
It’s never a good time to pay £20,000 over retail they still can’t move the Tiffany dial keep your money.
good to wait, the pikachu will be readily available in ADs in about 3 weeks time. celebration dial is perfect timing to buy now!
The two tones GMT Looks amazing
Incredible models aren’t they 🙌
I like your channel very much. Would it be possible for you, to add timestamps to your videos? It would be so helpful. Thanks alot!
Thank you mate appreciate that - such a great idea, I will see what I can do! 🙏
Its not coincidence that the higher-end stuff is failing to sell. When something like a Platona retails for ~71k euro, its no wonder buyers are balking when you're listing a "used" one for 100-120k GBP. Like get real. I know that there was a spike in there where people with more money than sense just had to have one and they were hard to come by, but wealthy people didn't become wealthy by spending frivolously. Reduce the cost of those used ones down close to their retail prices, and I bet you'll get some sales. But hovering over 100k GBP for them is just asking for people to keep walking away.
Is Daytona Paul Newman popular? Which is more popular: Geumtong or Oysterplex?
The Paul Newman is an incredibly popular model, yes 👌🏻
I just got an oysterflex rose gold chocolate dial skydweler offered to me a week ago and I passed, I actually want to get a white gold day date which is a “bad buy” but that is what I want.
Go for what you love and you can’t go wrong 👌🏻
I'll just keep rocking my solid gold '60's Precision.
Very nice! Enjoy it mate 👌🏻
I have been offered a Sea dweller by the local AD for RRP. Is it a good purchase?
Is this is the 50th Anniversary addition yes this is a good one to go for 👌🏻
This is going to be my 1st Rolex. I was hoping to go for the bluzy which looks a little more fancy. Should I wait out for the bluzy or go for the 50 anniversary sea dweller? Pls advice. Thanking you in anticipation!
Great video. How’s the market on the meteorite BLRO?
Still a good model to go for if you get the call 👍
Another's great video.. let's hope the ghost and panda stay strong.. personally I don't like the new panda so much, and the change to the ghost is not enough to make a difference in my opinion
Thank you Gary, appreciate it! Thank fully the change on the Ghost is very subtle 👌
Hi Bro, now what's going to be interesting is 116500LN vs. 126500LN. They are so similar yet different. Please share your views on the market sentiments and price fluctuations between these 2 models. Will the 116500LN take a dive after the 126500LN is out for sale in the market?
Will be very interesting to see indeed! I will see what I can do and try and cover it 👌
@thehonestwatchdealer Thank you
The old daytona references will likely go up in price, as customers will see that the prices of the new references will absolutely sky-rocket...
Will be very interesting to see what happens! 👌🏻
Daytonas still strong and new ones will push the others up for the collectors. It will be a long time before you’ll get your hands on a new model Daytona or you will have to pay obscene grey money.
Would be good if it plays out like that 👌🏻 the new models are just starting to hit the market now so we will see what happens 👍
Great. I will get a supeclone Daytona to go with my original Sub.
Has the bluesey sold already? It’s not on your website, I remember I’d being £15k a few weeks ago
We have sold this one now yes, looking to get another one in shortly 👍
@@thehonestwatchdealer how much did it go for? Still £15k?
He said prices are dropping, offer £12,500
3:22 i like how you pronounce it "buttman" instead of ˈbatmən? Because that's what it is ... a buttman's watch🤣
Haha that will be my thick Yorkshire accent! 🤣
So is the price of Batman and Two ton GMT is same now?
Bi-Metal still a touch higher currently 👍
The secondary gray watch market is dead in a backyard swimming pool floating face down ..
DROPPING DROP DROP DROPPING 👎🏾👎🏾👎🏾👎🏾
buy a shirt that fits, lol
8:40 telling folks to go straight to the gray market for GMTs “because the market is dead” but still asking higher prices than retail😂 these gray dealers are just afraid that they’ll lose on their stock when prices drop more and watches from the AD become more availble and people will just sign up and wait a few months to get them at retail
rowleks ad finally called! What is best watch to buy and flip to timepiece getnleman to consign and sell for big $$ ??
Bluesy are not hitting the market, I bought one a year ago to the day, from my AD. I jnow of about ten colleagues and friends, with mad spend history, think 40-100 k in two years. They have been told 18 months at least!!??
That’s a really long wait for a Bluesy with that spend! Hopefully they get the call soon 🤞
You may be correct, it is what it is. I/they are in London, where I assume the demand is appeciably higher than elsewhere in the UK? Remember tou said not a month ago the bluesy was hugely in demand , and difficult to get hod off?@@thehonestwatchdealer
40-100k in what currency, rupees ?
Any news that the Pepsi is discontinued?
Nothing official as of yet! 👍
Thank you for the transparency and the market analysis.
You are very welcome mate! Thanks for watching 👌🏻
How much are you buying the DJ41 blue fluted jubilee 2023 new unworn for?
Couple of £100 over retail at best
Yes great watch, should be slightly over list this one 👍
I love the gold skydweller. I have the gold/steel black face. One day I’ll upgrade hopefully 🤞
Such an incredible model isn’t it, as is the one you own though! 👌🏻
@@thehonestwatchdealer thanks 🙏 and thanks for the great content and advice, such a great channel 👍
@@isabellamacaione7687 Thank you I really appreciate that! Really pleased to hear you like the content 🙏
New Daytona steel are going to start of in the 30s-40! Look at the new yachtmaster very few ppl have seen one yet and it retails on grey for 40k, with fewer ads and they only get couple of Daytonas per year anyway that will keep grey high for a year or two, also I personally prefer the 116500 over the new ones so I think Daytonas will go down to say 20 and stay there b4 going up again, models like Newman yellow without the red will keep prices of those high, your average Joe steel will come down a bit and ppl are coming away from rose and yellow with the hype that surrounds them being targeted especially in uk. So buyers market in the next year!! Soon is the time to get the old Daytona b4 it goes up again
Very interesting insight and could very well play out like that! Will be interesting to see what happens when more hit the market 👍
Not reading that wall of text but anyone paying $40K for a steel Daytona is 100% short bus material
So if the Members of the public cant buy brand new watches from Authorized dealers , how come you can? You are not Authorized to do so ?
We buy all ours from private clients, who get them from the ADs themselves 👍 I hope this helps!
@@thehonestwatchdealer thats great , so its fair to say you source your brand new Rolex watches from unauthorized sources ? Thats a bit shady , your USP is that you are a honest watch dealer . SMH
dr no bond wore a sub on a nato
that was a cool look
personally i think rolex are missing a trick with natos
omega have them galore
In Dr No it was actually a leather strap. The Nato showed up in Goldfinger when we see 👀 the famous wrist shot of Connery's Submariner
Ah yes it would be great if they incorporated them at some point! 👍
I completely understand why you are encouraging everyone to go grey for full gold pieces as a grey dealer. IMHO if you spend a couple of grand under list with a grey dealer you get a watch and save 2k. If you spend rrp at an AD you get opened up to more pieces. Depends if you want one watch or the possibility of more doors opening. I know my choice.
Yes very true, getting one from the AD and taking a bit of a hit will definitely open the doors to the other more popular models 👌
6 weeks for a call on a polar explorer 2, market is changing boys
Thats not too long at all! Congratulations 🤩
Historically luxury items do really badly when inflation falls. It’s no surprise really. Also supply from the ad has increased significantly. Buyers just not buying
Well 70’s had high inflation, 80’s as well, prices on watches increased steadily in those years so that’s not entirely true.
Those watches are definitely NOT dead. Dead are botj the flippers and the watches market.
For the first time in three years I went into Rolex and was offered a steel and gold submariner straight away
Very nice! Great watch 👌🏻
I never bought a rolex in 2015 for making money from i bought it as i liked it, plus then the shit you got to deal with now getting a rolex didnt exist
That’s the best way to go about it! Different times back then 👍
I traded my 60th anniversary for a dd platinum with meteorite dial and smooth bezel. Do you think they’ll keep droppin
Possibly short term, but as a long term hold - great choice! 👌
@@thehonestwatchdealer thank you! I know they’ve started to run out of meteorite. Hopefully they’ll hold up in the future
@@carswatchesandshoes3629 Not a problem mate, anytime! 🙏
Thank you for the great info Charlie!
Thank you mate, appreciate it glad you liked this one 👌🏻
What do you think about the Rootbeer? Supposedly discontinued after October?
Stunning watch 👌🏻 Will be interesting to see what happens…
Source ?
@@ronaldJ262 The source is his ass! No one knows what Rolex will discontinue or introduce, not even ADs
Hey Charlie! Offered a sky dweller 336935 blue/green the new model! You recommend on buying ?? 50.000€
Such a stunning watch! Prices have come down since the initial hype so might be slow for a quick flip, would be a great long term hold though 👌🏻
@@thehonestwatchdealer not seeking for selling only for wearing and my personal collection!
@@apoand28 stunning model for that 👌🏻 enjoy it!
The volatility of these prices makes "investing" in watches above MRP seem a pretty foolish idea. If Rolex ramp up production, second-hand watches should surely fall below MRP. With prospectors out of the equation, watch lovers will be back in the game - as it should be.
I think Starbucks holding strong as it’s hard to get ! What you think ?
You are right there 👌🏻
What do you think a 126300 Azzaro fluted jubilee is marketing at...?
Should still be an overlist watch if you are looking to sell, very stunning watch 👌
@@thehonestwatchdealer it's a 23 model box & papers but you haven't given me any numbers..
@@matrix4you2see If you contact us through the website below, we will be able to give you a valuation 👍
www.theluxurywatchcompany.com
Got the call for the 126515. Can’t wait to see it in person 🎉
Congratulations on getting the call mate! Incredible watch 👌
Such great content, Charlie.
Thank you mate really appreciate it 🙏