ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

franzy · 2 February 2015, 05:03 AM

I always thought the newer Rolexes (or almost all Rolexes) retained their value to within 10-15% of purchase price. I paid 22% under list for a G series last year. That same model is now for sale NOS by David for 34% under list. It just seems like this model is going down in value. A 16710 is almost near the same price as a 116710LN.

While the 116610LN and LV seem to be holding their value better. The LV really seems to be holding it's value.

I'm considering flipping my GMTiic for the Hulk. The biggest reasons why I can't justify doing it is because the GMTiic is my only Rolex, and the upgrade cost would be pretty high.

I also cracked the filling on my 24 hour (diamond shaped) marker. This will probably lower the value even more.

So my questions are, Do you guys think this model is depreciating faster than 116610LN and LV? and is it worth upgrading (would you do it).

I may have to wait 15 more years till my son turns 18 so I can pass this one down and then purchase another.

c.capt · 2 February 2015, 05:12 AM

Hey Tom! I agree with you that I've been seeing them lately for a very reasonable price. Not so good if you're looking to flip though lol. I think it's because of the demand for the BLNR, most people are overlooking the LN.

alanc · 2 February 2015, 05:13 AM

It may be, from what you describe. If so, it's probably because the BLNR is sucking all of the air out of the SS GMTc room.

My guess is that this is a temporary phenomenon, although it might be a while before this trend reverses. Long term, your watch will keep its value.

As for the flip, I wouldn't do it - I like the SS GMTc more than any SS Subc out there right now, and I can't see taking a big hit to get the Hulk unless you really love it.

franzy · 2 February 2015, 05:29 AM

I think you're right about the flip. The two watches I was between when I purchased the GMTiic was that and the Hulk. I decided on the 116710 for a reason and need to keep reminding myself of that. It's just hard to see the value depreciate. Thanks for your comments.

Quote:

Originally Posted by alanc

It may be, from what you describe. If so, it's probably because the BLNR is sucking all of the air out of the SS GMTc room.

My guess is that this is a temporary phenomenon, although it might be a while before this trend reverses. Long term, your watch will keep its value.

As for the flip, I wouldn't do it - I like the SS GMTc more than any SS Subc out there right now, and I can't see taking a big hit to get the Hulk unless you really love it.

franzy · 2 February 2015, 05:30 AM

Joe, you are probably right that the BLNR is the hot watch out of the two.

Quote:

Originally Posted by c.capt

Hey Tom! I agree with you that I've been seeing them lately for a very reasonable price. Not so good if you're looking to flip though lol. I think it's because of the demand for the BLNR, most people are overlooking the LN.

GB-man · 2 February 2015, 05:35 AM

If you get the hulk you can expect to watch that depreciate as well. These are modern rolex and you shouldn't expect them to go up in value short term, or even long. If they do, lucky you.

Sounds like you should flip for a vintage sub or sea dweller or explorer.

alanc · 2 February 2015, 05:35 AM

Quote:

Originally Posted by franzy

I think you're right about the flip. The two watches I was between when I purchased the GMTiic was that and the Hulk. I decided on the 116710 for a reason and need to keep reminding myself of that. It's just hard to see the value depreciate. Thanks for your comments.

Just wear your watch and enjoy it, and don't stress about it. Long term, you will be fine.

Urosfan · 2 February 2015, 05:41 AM

Do whatever makes you happy is the best answer IMO,

FTX I · 2 February 2015, 05:43 AM

It's been around since Basel 2007, three years before the Sub. Add the BLNR and what you get is more LNs available on used market.

Duey · 2 February 2015, 05:50 AM

NOS for $5577 ??

Did I miss that one ?

dardeca · 2 February 2015, 05:53 AM

Quote:

Originally Posted by duey

nos for $5577 ??

Did i miss that one ?

+1

Snow-Dweller · 2 February 2015, 06:09 AM

I would keep your LN and enjoy it.....it's a beautiful piece.

Danex · 2 February 2015, 07:18 AM

Quote:

Originally Posted by franzy

I always thought the newer Rolexes (or almost all Rolexes) retained their value to within 10-15% of purchase price. I paid 22% under list for a G series last year. That same model is now for sale NOS by David for 34% under list. It just seems like this model is going down in value. A 16710 is almost near the same price as a 116710LN.

While the 116610LN and LV seem to be holding their value better. The LV really seems to be holding it's value.

I'm considering flipping my GMTiic for the Hulk. The biggest reasons why I can't justify doing it is because the GMTiic is my only Rolex, and the upgrade cost would be pretty high.

I also cracked the filling on my 24 hour (diamond shaped) marker. This will probably lower the value even more.

So my questions are, Do you guys think this model is depreciating faster than 116610LN and LV? and is it worth upgrading (would you do it).

I may have to wait 15 more years till my son turns 18 so I can pass this one down and then purchase another.

I think the list price on the GMT IILN is $8450 USD. You say Davidsw is selling NOS G serial at 34% discount which subtracts $2873.00. That sets the price at $5577.00. I can't find any listing from DavidSw that low except and M serial with no card ($5675). I'm seeing $7275 for NIB Random (a 14% discount), and $6275 for a minty condition V serial (26% off). Help me to see how you figure 34%?

I do agree with you that TRF trusted seller prices for 116710LN are low compared against Subs and also 16710 prices seem high compared to 16610 subs. I've been considering a GMT II and the ceramic LN seems to me to the best price/value ratio in my opinion. I think with your 22% discount, you did well. I believe the GMT IILNs will hold value pretty well, and that the BLNRs & LVs appeal & premium will diminish in the long run.

grrr · 2 February 2015, 08:00 AM

Many threads about the 116710LN recently, is that a phenomenon?

To answer your question, the price is naturally going down with the release of the BLNR.
Many people want the new watch, and the demand for the LN is weaker thus the weaker price on the re-sale.

Few years from now, when the BLNR will not be "new" anymore, I would not be surprised to see the LN going back up in value, as some people prefer the black version.
Until then, the LN is a really good bang for the bucks.

Brushpup · 2 February 2015, 09:42 AM

Something is off on your numbers.... 34% off? I'll buy everyone you can get at that price.

As for your buy@22% off is a heckuva deal.

jujin · 2 February 2015, 10:38 AM

Quote:

Originally Posted by GB-man

Sounds like you should flip for a vintage sub or sea dweller or explorer.

Just curious why would you recommend the SD or explorer specifically?

1995akcoop · 2 February 2015, 12:06 PM

i wouldtnt but an lv just because my gmt is depreciating. i buy what i like, I doubt if any of these modern models will actually hold there value. but it seems like you got a great deal initially, enjoy it,

franzy · 2 February 2015, 03:04 PM

That's the one I saw, so I guess it's not apples to apples comparison. I appreciate all the feedback everyone.

Quote:

Originally Posted by Danex

I'm seeing $7275 for NIB Random (a 14% discount), and $6275 for a minty condition V serial (26% off)

T. Ferguson · 2 February 2015, 03:30 PM

I think the OP's specific example also suffers from some people's fascination with random serial numbers. Right now a "G", even NIB, will probably sell at a discount to a random. No particular reason why it should since it is a brand new watch, but it probably will.

rollerball · 2 February 2015, 03:41 PM

It's never ending. Wait till ROLEX announces a SS COKE GMT. Even BLNR might be affected.

2 February 2015, 05:03 AM	#1
franzy "TRF" Member Join Date: Jul 2011 Real Name: Tom Location: USA Posts: 1,264	Is the 116710LN depreciating? I always thought the newer Rolexes (or almost all Rolexes) retained their value to within 10-15% of purchase price. I paid 22% under list for a G series last year. That same model is now for sale NOS by David for 34% under list. It just seems like this model is going down in value. A 16710 is almost near the same price as a 116710LN. While the 116610LN and LV seem to be holding their value better. The LV really seems to be holding it's value. I'm considering flipping my GMTiic for the Hulk. The biggest reasons why I can't justify doing it is because the GMTiic is my only Rolex, and the upgrade cost would be pretty high. I also cracked the filling on my 24 hour (diamond shaped) marker. This will probably lower the value even more. So my questions are, Do you guys think this model is depreciating faster than 116610LN and LV? and is it worth upgrading (would you do it). I may have to wait 15 more years till my son turns 18 so I can pass this one down and then purchase another.

2 February 2015, 05:12 AM	#2
c.capt "TRF" Member Join Date: Jan 2014 Location: Chicago, IL Watch: Hulk Sub Posts: 683	Hey Tom! I agree with you that I've been seeing them lately for a very reasonable price. Not so good if you're looking to flip though lol. I think it's because of the demand for the BLNR, most people are overlooking the LN. __________________ BALL EHC Airborne · EHC Black \| EBEL 1911 BTR Chrono \| GLASHÜTTE ORIGINAL Senator Navigator Panodate IWC Aquatimer 2000 \| OMEGA SMPc · SM PO 8500 · Speedmaster Apollo XI 35th · Speedmaster GSOTM ROLEX Datejust · Datejust II · Explorer II · Sea Dweller Ceramic 4000 · Submariner LVc \| TUDOR Black Shield

2 February 2015, 06:09 AM	#12
Snow-Dweller 2025 Pledge Member Join Date: Mar 2014 Real Name: Clive Location: The Alps Watch: collections change Posts: 6,496	I would keep your LN and enjoy it.....it's a beautiful piece. __________________ . ”Knowing yourself is the beginning of all WISdom” - Aristotle ———————-—————————————————-—————————— . 16803. 14060M. 16570. 114300. 126000. GMW-B5000D.

2 February 2015, 09:42 AM	#15
Brushpup "TRF" Member Join Date: Jun 2007 Real Name: Patrick Location: Texas Watch: what I'm wearing Posts: 5,943	Something is off on your numbers.... 34% off? I'll buy everyone you can get at that price. As for your buy@22% off is a heckuva deal. __________________ *TRFs "AFTER DARK" Bar & NightClub Patron-Founding Member* PClub # 10 74,592 The safest place for your watch is on your wrist.

2 February 2015, 03:30 PM	#19
T. Ferguson "TRF" Member Join Date: Oct 2012 Location: Left Coast Posts: 7,025	I think the OP's specific example also suffers from some people's fascination with random serial numbers. Right now a "G", even NIB, will probably sell at a discount to a random. No particular reason why it should since it is a brand new watch, but it probably will. __________________ *Some days it's just not worth chewing through the restraints.*

2 February 2015, 05:13 AM	#3
alanc "TRF" Member Join Date: Dec 2011 Real Name: Alan Location: Connecticut Watch: 114270 16710B Posts: 1,062	It may be, from what you describe. If so, it's probably because the BLNR is sucking all of the air out of the SS GMTc room. My guess is that this is a temporary phenomenon, although it might be a while before this trend reverses. Long term, your watch will keep its value. As for the flip, I wouldn't do it - I like the SS GMTc more than any SS Subc out there right now, and I can't see taking a big hit to get the Hulk unless you really love it.

2 February 2015, 05:35 AM	#6
GB-man 2025 TitaniumYM Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 37,659	If you get the hulk you can expect to watch that depreciate as well. These are modern rolex and you shouldn't expect them to go up in value short term, or even long. If they do, lucky you. Sounds like you should flip for a vintage sub or sea dweller or explorer.

2 February 2015, 05:41 AM	#8
Urosfan "TRF" Member Join Date: Oct 2012 Location: NYC Watch: Me now Posts: 19,447	Do whatever makes you happy is the best answer IMO,

2 February 2015, 05:43 AM	#9
FTX I "TRF" Member Join Date: Feb 2013 Real Name: Flavio Location: N/A Posts: 14,654	It's been around since Basel 2007, three years before the Sub. Add the BLNR and what you get is more LNs available on used market.

2 February 2015, 05:50 AM	#10
Duey 2025 Pledge Member Join Date: May 2011 Real Name: Duey Location: Maui Watch: Too Many To List Posts: 3,604	NOS for $5577 ?? Did I miss that one ?

2 February 2015, 08:00 AM	#14
grrr "TRF" Member Join Date: Oct 2014 Location: TRF Watch: Rolex/Panerai Posts: 382	Many threads about the 116710LN recently, is that a phenomenon? To answer your question, the price is naturally going down with the release of the BLNR. Many people want the new watch, and the demand for the LN is weaker thus the weaker price on the re-sale. Few years from now, when the BLNR will not be "new" anymore, I would not be surprised to see the LN going back up in value, as some people prefer the black version. Until then, the LN is a really good bang for the bucks.

2 February 2015, 12:06 PM	#17
1995akcoop "TRF" Member Join Date: Nov 2013 Location: Maryland Posts: 2,162	i wouldtnt but an lv just because my gmt is depreciating. i buy what i like, I doubt if any of these modern models will actually hold there value. but it seems like you got a great deal initially, enjoy it,

2 February 2015, 03:41 PM	#20
rollerball Member Join Date: Jan 2012 Location: United States Posts: 245	It's never ending. Wait till ROLEX announces a SS COKE GMT. Even BLNR might be affected.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)