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rbox · 17 April 2018, 02:17 AM

I recently asked about a GMT correction here, after discussing with my local AD following Basel. All I got were some smart aleck replies questioning my source (who I didn’t want to blab about on a open forum) and the same old “going up up up” replies. My AD (who has some used for sale at this time, said that since Basel and due to Rolex confirming no increase this year, prices have indeed softened 1-3000 on the used market (offline at least) and he can’t get what he expected before Basel. White gold pepsi has taken a dive as well.

I’d say the online market keeps itself propped up in part because of the attitude witnessed on these threads. The reality is, 5 digit GMT prices have been ridiculous and I feel like if not a correction, growth will slow or stall while everything else catches up.

Don’t take my word for it though. I’m just a random forum member.

jrs146 · 17 April 2018, 02:35 AM

Quote:

Originally Posted by Andrejb

Well. Not the most expensive I’ve seen but this one was $8700.00.

To put it in perspective, my cousin purchased a full kit Pepsi 16710 in September for $6,800 USD.

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$8,700 seems like a pretty reasonable price assuming it’s a full set. But I agree. Prices have shot JP very quickly. I was watching one that I considered buying. The price went up $1,000 in around 6 months before I finally did buy it. I guess I should have acted sooner. But all in all I’m happy with it so who cares!

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Rockrolex · 17 April 2018, 02:44 AM

Quote:

Originally Posted by The Argonaut

I'm personally not a big fan of the modern GMTs (BLNRs etc). I think they lack the classic look of the original Master and Master II's--meaning anything before the 116710.

I'm with you on this.

116710er · 17 April 2018, 02:49 AM

Quote:

Originally Posted by chloebear

What's interesting about this thread is the consensus is that prices are always going up, but about once a week someone asks if Rolexes are a good investment and the answer is always a resounding no!

Seems to me you could buy one, wear it for a few years, enjoy it, then make money.

THIS.

Quote:

Originally Posted by chloebear

I have also noticed a big jump in black Explorer 2's.

Has the Black Explorer II's finally shed its pariah past?

116710er · 17 April 2018, 02:55 AM

Quote:

Originally Posted by rbox

I recently asked about a GMT correction here, after discussing with my local AD following Basel. All I got were some smart aleck replies questioning my source (who I didn’t want to blab about on a open forum) and the same old “going up up up” replies. My AD (who has some used for sale at this time, said that since Basel and due to Rolex confirming no increase this year, prices have indeed softened 1-3000 on the used market (offline at least) and he can’t get what he expected before Basel. White gold pepsi has taken a dive as well.

Damn, I hope he's right and the prices are dropping! This way I can finally get one at a reasonable price!

Fleetlord · 17 April 2018, 03:08 AM

Quote:

Originally Posted by rbox

I recently asked about a GMT correction here, after discussing with my local AD following Basel. All I got were some smart aleck replies questioning my source (who I didn’t want to blab about on a open forum) and the same old “going up up up” replies. My AD (who has some used for sale at this time, said that since Basel and due to Rolex confirming no increase this year, prices have indeed softened 1-3000 on the used market (offline at least) and he can’t get what he expected before Basel. White gold pepsi has taken a dive as well.

I’d say the online market keeps itself propped up in part because of the attitude witnessed on these threads. The reality is, 5 digit GMT prices have been ridiculous and I feel like if not a correction, growth will slow or stall while everything else catches up.

Don’t take my word for it though. I’m just a random forum member.

nah

matches · 17 April 2018, 03:13 AM

Quote:

Originally Posted by Andrejb

Hope not cuz I just payed a boat load for this one lol

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Looking good!

Andrejb · 17 April 2018, 03:14 AM

Quote:

Originally Posted by jrs146

$8,700 seems like a pretty reasonable price assuming it’s a full set. But I agree. Prices have shot JP very quickly. I was watching one that I considered buying. The price went up $1,000 in around 6 months before I finally did buy it. I guess I should have acted sooner. But all in all I’m happy with it so who cares!

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Let’s see it!

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jrs146 · 17 April 2018, 03:16 AM

Quote:

Originally Posted by Andrejb

Let’s see it!

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Here are a few shots! It was born a coke but I picked up a Pepsi insert also.

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Andrejb · 17 April 2018, 03:18 AM

Quote:

Originally Posted by jrs146

Here are a few shots! It was born a coke but I picked up a Pepsi insert also.

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Looks beautiful. Where did u grab the Pepsi insert?

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jrs146 · 17 April 2018, 03:19 AM

Quote:

Originally Posted by Andrejb

Looks beautiful. Where did u grab the Pepsi insert?

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I posted a WTB right here on the forum and had a great transaction with another forum member!

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rbox · 17 April 2018, 03:20 AM

Quote:

Originally Posted by Fleetlord

nah

Excellent rebuttal.

OP, you won’t get an objective discussion here. There’s a word for the prevailing attitude. I can’t remember but something to do with a circle.

Fleetlord · 17 April 2018, 10:53 AM

Quote:

Originally Posted by rbox

Excellent rebuttal.

OP, you won’t get an objective discussion here. There’s a word for the prevailing attitude. I can’t remember but something to do with a circle.

Taking the word of (1) dealer you know as gospel regarding the market valuation of this specific reference seems pretty subjective to me...

Your dude says one thing, the market says otherwise...that's why it's a "nah".

WEST HAM ROLEX · 17 April 2018, 11:39 AM

Quote:

Originally Posted by Mik8yu

Bar the unforseeable shouldn't tempt fate I agree. This thread is not as fun without the photos

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What an image...

Love the watch....all GMT

Mik8yu · 17 April 2018, 11:52 PM

Quote:

Originally Posted by WEST HAM ROLEX

What an image...

Love the watch....all GMT

One thing that I find perplexing is the newly releasedTudor GMT has the shadow of the SS gmt (bezel and red hands etc) and even then the 16700/16710 still isn't going down much in value. Maybe it's a self fulfilling prophecy as well that coz it's a rolex it's just different from others

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superdelsol · 19 April 2018, 12:17 PM

My first Rolex:

superdelsol · 20 April 2018, 01:19 PM

My first Rolex. It's an "A" series Ref. 16710 with SEL and Superluminova dial.

19 April 2018, 12:17 PM	#76
superdelsol "TRF" Member Join Date: Apr 2008 Real Name: Scott Location: Arizona, USA Watch: your 6. Posts: 388	My first Rolex: __________________ "For a successful technology, reality must take precedence over public relations, for nature cannot be fooled." Dr. Richard P. Feynman, Rogers Commission Report, Appendix F, 9 June 1986

20 April 2018, 01:19 PM	#77
superdelsol "TRF" Member Join Date: Apr 2008 Real Name: Scott Location: Arizona, USA Watch: your 6. Posts: 388	My first Rolex. It's an "A" series Ref. 16710 with SEL and Superluminova dial. __________________ "For a successful technology, reality must take precedence over public relations, for nature cannot be fooled." Dr. Richard P. Feynman, Rogers Commission Report, Appendix F, 9 June 1986

17 April 2018, 02:17 AM	#61
rbox "TRF" Member Join Date: Sep 2008 Location: Arkansas Watch: Pepsi Posts: 188	I recently asked about a GMT correction here, after discussing with my local AD following Basel. All I got were some smart aleck replies questioning my source (who I didn’t want to blab about on a open forum) and the same old “going up up up” replies. My AD (who has some used for sale at this time, said that since Basel and due to Rolex confirming no increase this year, prices have indeed softened 1-3000 on the used market (offline at least) and he can’t get what he expected before Basel. White gold pepsi has taken a dive as well. I’d say the online market keeps itself propped up in part because of the attitude witnessed on these threads. The reality is, 5 digit GMT prices have been ridiculous and I feel like if not a correction, growth will slow or stall while everything else catches up. Don’t take my word for it though. I’m just a random forum member.

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