Why are 16710 Prices Increasing?

[bluemartinifan]

I bought a complete pkg 16710 Z (3185) 10 months ago on the forum for less than $4,000.
I now see 16710 Fs and Ds posted up to the low $4,000s, and Zs posted up to $5,000 (on the forums).

Why?

[SLS]

Honestly, sometimes people have more money than sense! If I was going to buy a 16710, which I did, I would buy a Tritium dialed version of it. I paid under $3K for it. IMO, having the cal 3186 or the "mistake" stick dial will do nothing for value down the road. Using history as a guide, aside from a Zenith Daytona, a movement modification has never affected the price of a Rolex. There was more done to the movement on the 14060 when it was changed to the 14060M, than when the cal 3185 went to the 3186.
Scott

[JUSTROLEXES]

not many for sale... it's the demand and supply game

[kizerman]

A little less than a year ago was the softest I have ever seen the watch market. I bought a few pieces for prices I couldn't believe. Now it is starting to rebound a bit and prices will continue to climb.

Don't let anyone fool you, the recession is coming to an end in the US so buy your watches now. Wall street always leads the way out of a recession and it is happening again. They DJI hit 11,000 today. Not a rally, but reality.

[sakuraba]

Originally Posted by kizerman

A little less than a year ago was the softest I have ever seen the watch market.

+1

Last year was a great time to pick up watches!

I also think it's common to see discontinued models go up in price especially since Rolex keeps raising its brand new offerings. It just drags the entire market upward.

[newmedia]

Originally Posted by kizerman

A little less than a year ago was the softest I have ever seen the watch market. I bought a few pieces for prices I couldn't believe. Now it is starting to rebound a bit and prices will continue to climb.

Don't let anyone fool you, the recession is coming to an end in the US so buy your watches now. Wall street always leads the way out of a recession and it is happening again. They DJI hit 11,000 today. Not a rally, but reality.

I agree, prices have been stable or creeping up very slowly...
Inflation is next big thing in our economy.

[kizerman]

Originally Posted by newmedia

I agree, prices have been stable or creeping up very slowly...
Inflation is next big thing in our economy.

Agreed.

Almost 1 year ago today I bought a D serial 16710, complete, for $3200. Same watch a year later is $4100+. I don't think it's a supply/demand issue because they're everywhere. Probably more than ever before.

[gmh1013]

Originally Posted by kizerman

Agreed.

Almost 1 year ago today I bought a D serial 16710, complete, for $3200. Same watch a year later is $4100+. I don't think it's a supply/demand issue because they're everywhere. Probably more than ever before.

A Pepsi going for 8k with the non roman dial.....but from what i read the roman dial was less produced than the 11 numbers.....I think I would pass at 8k for that one... but I would sell my D series Roman for 7900 if anybody wants to buy it.
http://www.interwatches.com/rolex-gm...r-16710-p25576

[Faide]

Originally Posted by kizerman

A little less than a year ago was the softest I have ever seen the watch market. I bought a few pieces for prices I couldn't believe. Now it is starting to rebound a bit and prices will continue to climb.

Don't let anyone fool you, the recession is coming to an end in the US so buy your watches now. Wall street always leads the way out of a recession and it is happening again. They DJI hit 11,000 today. Not a rally, but reality.

x2 Everything was down a year ago. market was falling apart,huge job losses. So luxury items were available at good prices. Heck Ad's were discounting (and some still are). However, dont expect such great deals on rolexes whether new at an AD or pre-owned to be around forever.

I know that ADs were in a terrible state last year. Very few people were thinking about buying a luxury item like a rolex when they were worried they might lose their job next week. So ADs would do almost anything to close a sale.

_Faide

[Puffy]

You can still pick up 16710s for mid 3s... In the uk they are going from 3.2 sterling!

[Lowflight]

I have seen these stupid prices put up by these stupid people too, I would pay a dime more than the mid 3k for a perfect example with box and papers.

[nauticajoe]

A signal that our economy is coming out of its slump. If anyone's been following the markets lately, you'll notice the indices have been taking a nice bullish run.
With re: the 16710's, they are discontinued. So, that hikes up the premium a bit. Will it flatten out?...probably not.

[HL65]

Indeed they have--look back a year and a half ago watches were ridiculously cheap--they are up a lot since then and moving higher!

[SteveMorris]

It's not just Rolex, I've found most brand prices jumped in Jan or Feb, the used rate for one of my Pateks is now more than what we bought it at brand new in November. Then again, my wifes purchasing a used Rolex (Air King Precision) right now and said the asking price is the same as it was back in December, so who knows the method to the madness?