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brandog · 7 May 2019, 02:15 PM

http://www.sothebys.com/en/auctions/.../lot.2006.html

101031-28 · 7 May 2019, 02:16 PM

Whoa that's a lot of money

SS Oyster · 7 May 2019, 02:26 PM

Geez ... BLRO money for LVc

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inadeje · 7 May 2019, 02:36 PM

People want to say “hey I bought this mass produced watch at Sothebys”...

brandog · 7 May 2019, 02:37 PM

Wonder if there was an auction premium on top of the sale price as well.

RolexInMelbourne · 7 May 2019, 02:37 PM

never understand what going through people's mind buying non-vintage watches through art auction house. cant they just do a google search?

MinMay · 7 May 2019, 03:28 PM

Daytona Ceramic should be selling at 40K if Hulk sold for 18K. No way in hell Hulk should be near Daytona ceramic. Current price of Daytona is a bargain!

DoDe · 7 May 2019, 03:31 PM

Quote:

Originally Posted by RolexInMelbourne

never understand what going through people's mind buying non-vintage watches through art auction house. cant they just do a google search?

Think the majority of people dont understand why anyone buys a Rolex in the first place. Buying at Sothebys just a way to add more status.

mmmmp · 7 May 2019, 04:33 PM

Quote:

Originally Posted by DoDe

Think the majority of people dont understand why anyone buys a Rolex in the first place. Buying at Sothebys just a way to add more status.

My guess is they trust Sotheby"s so they know they're buying an authentic piece. Plus, of course a bit of posh status makes for great conversation at a cocktail party, yacht launch or a nosh at Elaine's.

Despite it being a fine watch, that price and those that pay it is ridiculous for a six digit Sub. Man, more money than brains as the saying goes.

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RolieKid · 7 May 2019, 04:35 PM

Wow. I wonder what I can get for my Submariner 50th through Sotherby's 75k? LOL.

ragingcao · 7 May 2019, 04:38 PM

Did Rolex just secretly discontinue the Hulk?

ppalasthira · 7 May 2019, 06:14 PM

That’s a lot of coin.

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Rashid.bk · 7 May 2019, 06:14 PM

You guys think that's expensive, lols....probably just grey dealers bidding the watch up for a high sale price so that in return second hand prices will soar.
Rolex is the new Wall Street and I don't think market manipulation of the resale market is impossible. Hodinkee is the biggest manipulator.

RolexInMelbourne · 7 May 2019, 06:25 PM

Quote:

Originally Posted by Rashid.bk

You guys think that's expensive, lols....probably just grey dealers bidding the watch up for a high sale price so that in return second hand prices will soar.
Rolex is the new Wall Street and I don't think market manipulation of the resale market is impossible. Hodinkee is the biggest manipulator.

Hahaha! This is getting fun.
I bet some dealer may even hold large quantity of hulk. Wanting for the right opportunity to dump.

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rambo99 · 7 May 2019, 06:53 PM

17,500 for a used hulk? it's insane.

huba01 · 7 May 2019, 07:34 PM

Quote:

Originally Posted by ragingcao

Did Rolex just secretly discontinue the Hulk?

This !

scheneider · 7 May 2019, 07:39 PM

Quote:

Originally Posted by Rashid.bk

You guys think that's expensive, lols....probably just grey dealers bidding the watch up for a high sale price so that in return second hand prices will soar.
Rolex is the new Wall Street and I don't think market manipulation of the resale market is impossible. Hodinkee is the biggest manipulator.

Smart observation that a real possibility

MTdweller · 7 May 2019, 08:12 PM

This market is crazy. Too bad for those of us that just want to enjoy watches.

travisb · 7 May 2019, 08:19 PM

Wouldn't be surprised if it was Rolex themselves that actually made the bid.

Stuart B · 7 May 2019, 08:31 PM

Quote:

Originally Posted by brandog

Wonder if there was an auction premium on top of the sale price as well.

The buyer’s premium was another 25% on top of the hammer price.

tng11 · 7 May 2019, 08:34 PM

That's just silly. Especially when you consider there are more grey dealers than McDonalds in HK, many of which are holding multiple Hulks for sale.

I totally expect it is either Rolex or a grey dealer who did this to further inflate the market.

AK797 · 7 May 2019, 08:35 PM

I wonder if I took mine to Sotheby's and showed them my post count how they could hype up mine?

peterpl · 7 May 2019, 09:42 PM

Quote:

Originally Posted by tng11

That's just silly. Especially when you consider there are more grey dealers than McDonalds in HK, many of which are holding multiple Hulks for sale.
I totally expect it is either Rolex or a grey dealer who did this to further inflate the market.

Agree 100%

Why would anyone pay to buy from Sothebys at this price when they can walk down the road and pick out of 100s of gray dealers right next to each other for $12k-$13k all day for a used piece. Market manipulation at its finest.

Some grays really know how to try to push the limits.

fwhawk · 7 May 2019, 10:28 PM

I believe the final price quoted here includes the buyer's premium of 25%. If I've done the math correctly, that puts the final bid at $14,000. (Still the buyer is writing a check for $17,500.) There is likely a commission due from the seller as well and there may be some fees for photography, etc. In the end, Sotheby's is likely writing a check to the seller for less than $13,000. Figure that kind of a spread for all the watches sold in the auction, and Sotheby's has a very good thing going.

piratepress · 7 May 2019, 10:58 PM

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enjoythemusic · 7 May 2019, 11:05 PM

Hk... not surprised. My old Patek wall clock sold for 40k in asia. They love overpaying, plus corruption means free money you may as well spend.

HappyFish · 7 May 2019, 11:10 PM

Yes, maybe a faked auction but the LVc is one of the next watches which will be discontinued - for sure!

Loevhagen · 7 May 2019, 11:10 PM

Quote:

Originally Posted by ragingcao

Did Rolex just secretly discontinue the Hulk?

Yes. This one made in 2017 is not made anymore...

Greg 59 · 7 May 2019, 11:53 PM

Quote:

Originally Posted by MinMay

Daytona Ceramic should be selling at 40K if Hulk sold for 18K. No way in hell Hulk should be near Daytona ceramic. Current price of Daytona is a bargain!

Shhhh. Don't say that out loud otherwise Rolex will put the price up AGAIN!

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m j b · 8 May 2019, 12:05 AM

Quote:

Originally Posted by HappyFish

Yes, maybe a faked auction but the LVc is one of the next watches which will be discontinued - for sure!

According to this forum, the watch was discontinued in 2017 and again in 2018 and was discontinued just recently at Basel.

So, yeah, sure.

7 May 2019, 02:15 PM	#1
brandog Banned Join Date: Dec 2013 Location: New York Posts: 370	Hulk sells at Sothebys auction for $17,500 http://www.sothebys.com/en/auctions/.../lot.2006.html

7 May 2019, 02:16 PM	#2
101031-28 "TRF" Member Join Date: Jul 2009 Location: USA Watch: 1665 Posts: 4,764	Whoa that's a lot of money __________________ He could not just wear a watch. It had to be a Rolex. Ian Fleming

7 May 2019, 02:36 PM	#4
inadeje 2024 SubLV41 Pledge Member Join Date: Jan 2013 Location: Miami Watch: me lose count. Posts: 5,894	People want to say “hey I bought this mass produced watch at Sothebys”... __________________ ♛ 218206 Roman ♛ 116689 ♛ 126710BLRO ♛ 16520 white ♛ 16523 white ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1R-001 - AP 26331ST Panda - Panerai Bronzo 671 & 111, Ω Speedmaster 1957 Broad Arrow, Cartier Santos XL - Montblanc TimeWalker Chrono 41

7 May 2019, 11:05 PM	#26
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 21,059	Hk... not surprised. My old Patek wall clock sold for 40k in asia. They love overpaying, plus corruption means free money you may as well spend. __________________ __________________ ----> TAMPA Meetup In December 2024 <---- https://www.rolexforums.com/showthread.php?p=13450519 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory.

7 May 2019, 02:26 PM	#3
SS Oyster 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: USA Posts: 9,202	Geez ... BLRO money for LVc Sent from my iPhone using Tapatalk

7 May 2019, 02:37 PM	#5
brandog Banned Join Date: Dec 2013 Location: New York Posts: 370	Wonder if there was an auction premium on top of the sale price as well.

7 May 2019, 02:37 PM	#6
RolexInMelbourne "TRF" Member Join Date: Apr 2018 Location: melbourne Posts: 127	never understand what going through people's mind buying non-vintage watches through art auction house. cant they just do a google search?

7 May 2019, 03:28 PM	#7
MinMay Banned Join Date: Apr 2015 Location: United States Posts: 2,410	Daytona Ceramic should be selling at 40K if Hulk sold for 18K. No way in hell Hulk should be near Daytona ceramic. Current price of Daytona is a bargain!

7 May 2019, 04:35 PM	#10
RolieKid "TRF" Member Join Date: Jan 2019 Location: NYC Posts: 108	Wow. I wonder what I can get for my Submariner 50th through Sotherby's 75k? LOL.

7 May 2019, 04:38 PM	#11
ragingcao "TRF" Member Join Date: Jul 2014 Location: Tokyo Watch: cha talking about? Posts: 2,919	Did Rolex just secretly discontinue the Hulk?

7 May 2019, 06:14 PM	#12
ppalasthira Banned Join Date: May 2007 Location: ASK Watch: SubC.5711.D500 Posts: 2,236	That’s a lot of coin. Sent from my iPhone using Tapatalk

7 May 2019, 06:14 PM	#13
Rashid.bk "TRF" Member Join Date: Jan 2009 Location: Dallas Watch: 12800ft = 3900m Posts: 11,173	You guys think that's expensive, lols....probably just grey dealers bidding the watch up for a high sale price so that in return second hand prices will soar. Rolex is the new Wall Street and I don't think market manipulation of the resale market is impossible. Hodinkee is the biggest manipulator.

7 May 2019, 06:53 PM	#15
rambo99 Banned Join Date: Aug 2018 Location: Tokyo Watch: SD43,PAM1616,Hulk Posts: 3,567	17,500 for a used hulk? it's insane.

7 May 2019, 08:12 PM	#18
MTdweller "TRF" Member Join Date: Jul 2015 Real Name: Ty Location: West Coast Watch: the time fly! Posts: 1,493	This market is crazy. Too bad for those of us that just want to enjoy watches.

7 May 2019, 08:19 PM	#19
travisb 2024 SubLV41 Pledge Member Join Date: Aug 2009 Real Name: Travis Location: FL / NYC Watch: Yes.. Posts: 33,439	Wouldn't be surprised if it was Rolex themselves that actually made the bid.

7 May 2019, 08:34 PM	#21
tng11 "TRF" Member Join Date: Jun 2016 Location: N/A Posts: 3,634	That's just silly. Especially when you consider there are more grey dealers than McDonalds in HK, many of which are holding multiple Hulks for sale. I totally expect it is either Rolex or a grey dealer who did this to further inflate the market.

7 May 2019, 08:35 PM	#22
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,368	I wonder if I took mine to Sotheby's and showed them my post count how they could hype up mine?

7 May 2019, 10:28 PM	#24
fwhawk "TRF" Member Join Date: Aug 2010 Real Name: Stu Location: Fort Wayne, IN Posts: 182	I believe the final price quoted here includes the buyer's premium of 25%. If I've done the math correctly, that puts the final bid at $14,000. (Still the buyer is writing a check for $17,500.) There is likely a commission due from the seller as well and there may be some fees for photography, etc. In the end, Sotheby's is likely writing a check to the seller for less than $13,000. Figure that kind of a spread for all the watches sold in the auction, and Sotheby's has a very good thing going.

7 May 2019, 10:58 PM	#25
piratepress "TRF" Member Join Date: Mar 2016 Location: Mobile, AL Watch: BLNR Posts: 748	Invalid URL The requested URL "[no URL]", is invalid. Reference #9.2ecadf17.1557233798.1263efcc

7 May 2019, 11:10 PM	#27
HappyFish Banned Join Date: Dec 2018 Location: Monaco Posts: 320	Yes, maybe a faked auction but the LVc is one of the next watches which will be discontinued - for sure!

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