Rolex hulk climbing grey market

[Vaxe]

Originally Posted by dtwer

This is epic!

I have a friend who used to drive around in his Land Rover while the whole family lived in an apartment. The monthly car payment was more than the rent.

I don’t know, apartments are $4.5k/mo here in the city, nothing “embarrassing” about living in one

[Ruud Van Driver]

Originally Posted by mk2jag

who cares what its worth on the grey market. Too much talk lately about the worth of the watches and not enough about the hobby/watches themselves...I'm starting to think there should be a separate area of the forum for this so we enthusiasts don't have to wade through it all.

I am a member of a specialized car forum and there are way fewer threads about the investment aspect of the hobby, even though these cars fetch huge prices. Fact is, real enthusiasts, aren't concerned about net value but the beauty, upkeep, and lifestyle of our cherished belongings.

This really is a great post. I don’t come on here as often as I used to as I’m seriously bored with the ‘what’s it going to be worth threads’.

[DocHolliday]

Originally Posted by Ravager135

First all, love the name and avatar.



I don't think there is anything unique about the 116610LV. They are "rarer" than their black dial/bezel brother, but certainly by no means difficult to find or get. I understand that the market dictates value, but the market also doesn't have to make sense. The model has been around for almost a decade and even if it was produced as one unit for every four LN models (a random ratio I have heard previously), it is still very common.

Haha thanks for the love on the avatar. Good on ya mate.


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[dtwer]

Originally Posted by Vaxe

I don’t know, apartments are $4.5k/mo here in the city, nothing “embarrassing” about living in one

Holy mother...

In that case, driving a Land Rover is totally appropriate.

[brucethemanlee]

Hulk is going "SMASH" the people who bought at these over-inflated values

I think a lot of people who are buying and expecting the Hulk to get discontinued will get "SMASHED".

[904VT]

Originally Posted by NYG1121

Of course it’s climbing...


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Incredible Picture

[nikesupremedunk]

Rolex is absolutely genius. They turned a discount watch into one of the most sought after pieces. How they did it, who knows? But whatever it was, it definitely worked because it doubled in price and doesn’t seem to stop going up anytime soon.

[SkyJuice]

Supply vs demand at work here.

[vex]

Originally Posted by nikesupremedunk

Rolex is absolutely genius. They turned a discount watch into one of the most sought after pieces. How they did it, who knows? But whatever it was, it definitely worked because it doubled in price and doesn’t seem to stop going up anytime soon.

It was a welfare offering at best. When i bought mine everyone was pointing at me and laughing at my impoverished situation at the ad.

You snooze you lose, its always been beautiful.

Hulk smash all the Debbie Downers

[mrN]

I always loved the LV. Unluckily for me I "sold" mine to a friend for just $8k couple years ago... I wasn't using it much.

[mjr24]

Originally Posted by NYG1121

Of course it’s climbing...


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GORGEOUS pic. Pics like these are why the LV has grown on me.

I also have been thinking about getting one and also have noticed the huge increase in price the last 2-3 months.

I think it's a great watch but not worth $12k and more to me. This would be a third or fourth watch to me, though. I can understand for some how it would be worth it if it's their one and only watch.

I do think this is due to Basel and I am thinking prices will stabilize after Basel if it's not discontinued.

[bazin]

I consider the higher prices and the temporary less availability of the 116610LV / Hulk as a "passing event".....here is why:
A couple of years after its introduction in 2003 the Kermit / 16610LV showed a constant price increase over the years up till now and this still has not ended.
Untill 2-3 years ago the Hulk / 116610LV was widely immediately available with attractive discounts.
It seems to me that Rolex buyers interested in green models have noticed the considerable price increase of the Kermit (which was discontinued in 2010) from NOS $ 4.500 in 2003 to $ 22.000,- point four /, 26.000,- Fat Four and probably that they hope to see a repeat of the Kermit's tremendous price increase.
Imo this is a false hope as the history and reason of the 16610LV introduction (50 years anniversary of the Submariner) is unique and non repeatable with it's typical Submariner (o.a black matte dial) elements combined / stipulated with it's unique Rolex-green bezel.
The Hulk on the other hand was a simple / expected (standard) successor of the Kermit; not sharing it's unique heritage.
I believe that the price increase of the Hulk which took mainly place in an accelerating manner only during the last couple of years (in which on the other side the strong price increases of the Kermit were widely noticed by potential green buyers) therefore soon will fade as it is only more or less a simple, for some people attractive full green model.

[AK797]

Originally Posted by nikesupremedunk

Rolex is absolutely genius. They turned a discount watch into one of the most sought after pieces. How they did it, who knows? But whatever it was, it definitely worked because it doubled in price and doesn’t seem to stop going up anytime soon.

In truth it wasn't them, it was the perfect storm of a false rumour of discoing, probably grey inspired, and the rising demand that was sweeping thru the popular SS models first from D500 down and was just reaching this not particularly popular green watch. Rest is history.

[fleabag]

Green team


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[Gimoozaabi]

The 116610lv is fabulous watch. It is a statement watch, it acquired taste watch. I've seen it only once in the 'wild' and fell in love with it. Had to have it. Its climbing prices is just a side perk of owning it. In my opinion it is the best 6 digits SS sub.

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[coolchow]

Question is, will the price ever plummet if there is a new 2019 hulk at Basel world.


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[samcarlos]

Originally Posted by Ruud Van Driver

This really is a great post. I don’t come on here as often as I used to as I’m seriously bored with the ‘what’s it going to be worth threads’.

I hate to break it to you but you can go back threads from over a decade ago and you will almost find one thread per page talking about values and increases of Rolex’s. Just saying. Trust me I’m here for the love and passion of the simplistic cosmetics and complex movements that Rolex has to offer. But money always motivates my materialistic moves. I unfortunately didn’t have any grandparent or parents for that matter pass me down a Rolex(really wish they did). But I work hard for my money and purchase things that are of value. And hopefully I can start a tradition and pass one down to my kid. But for now, it is really neat to see some Rolex pieces moving outrageously north in price.

[Dana1]

I honestly don't see it climbing but you might have to expect the worse

[~JJ]

Originally Posted by samcarlos

I hate to break it to you but you can go back threads from over a decade ago and you will almost find one thread per page talking about values and increases of Rolex’s. Just saying. Trust me I’m here for the love and passion of the simplistic cosmetics and complex movements that Rolex has to offer. But money always motivates my materialistic moves. I unfortunately didn’t have any grandparent or parents for that matter pass me down a Rolex(really wish they did). But I work hard for my money and purchase things that are of value. And hopefully I can start a tradition and pass one down to my kid. But for now, it is really neat to see some Rolex pieces moving outrageously north in price.

The flavor is very different and more offputting today. The current climate feels like a get rich quick scheme and “investment” planning vs. 5-10 years ago is always what percent discount can I get.

[samcarlos]

Originally Posted by ~JJ

The flavor is very different and more offputting today. The current climate feels like a get rich quick scheme and “investment” planning vs. 5-10 years ago is always what percent discount can I get.

Your not going to get rich with profiting 5-10 k a year flipping a watch or two. But it would get you a decent vacay. Much more of a memorable experience you can take with you than a 10k watch. As for me, I will alway have a Rolex on my wrist.

[rayt]

Won’t bite those crazy prices. Artificial prices. Just my opinion.

[Onewatchguy82]

2 years ago at mayors in orlando i couldve had one . he told me it was a good buy and i passed and thats my luck

[TswaneNguni]

Originally Posted by SkyJuice

Supply vs demand at work here.

Sums up the thread in a few words .

[nikesupremedunk]

Originally Posted by AK797

In truth it wasn't them, it was the perfect storm of a false rumour of discoing, probably grey inspired, and the rising demand that was sweeping thru the popular SS models first from D500 down and was just reaching this not particularly popular green watch. Rest is history.

You may be right, the timing did help but I still believe it was mostly Rolex that was responsible. I don't remember rumors of it discontinuing but once Rolex cut back supply and they were no longer available at every AD with a discount, people started to panic and yes, the rest is history.

I love the watch and would love to have it on my wrist but at this point I can't justify spending 1.5x the amount to have a green version of the same watch that I already own. Yes, I'm kicking myself for not getting it when they were going for mid $7000's pre-owned 2 years ago.

[hectorlopez]

Originally Posted by mrN

I always loved the LV. Unluckily for me I "sold" mine to a friend for just $8k couple years ago... I wasn't using it much.

Don't feel bad, I did the exact same thing!

[AK797]

Originally Posted by nikesupremedunk

You may be right, the timing did help but I still believe it was mostly Rolex that was responsible. I don't remember rumors of it discontinuing but once Rolex cut back supply and they were no longer available at every AD with a discount, people started to panic and yes, the rest is history.

I love the watch and would love to have it on my wrist but at this point I can't justify spending 1.5x the amount to have a green version of the same watch that I already own. Yes, I'm kicking myself for not getting it when they were going for mid $7000's pre-owned 2 years ago.

Trust me it was the rumours, I was right there and bought mine a couple of weeks before the price launched and supply did not change one iota, it was all demand, once the price had risen sharply and it became a flipper piece then naturally Rolex and ADs began to more carefully allocate the supply they were getting but it was in reaction not the cause. The D500 and Basel pieces are all on Rolex.

[AK797]

Originally Posted by peterpl

Rolex did it? LOL they didnt do shit. Its all social media and every dick and harry thinking wearing a Rolex is king shit even people who dont have $1000 to their name. Thats the truth. That plus all these guys like Rolex Passion Report and all the gullible people who believe everything this guy posts is legit and every single model is discontinued.

Just wait the gray market will correct. Impossible for this growth to continue in ANY commodity especially damn watches. LOL

As with the other thread, let's not use this kind of language, last thing we want is this spreading and lowering the tone of the forum.

[Ruud Van Driver]

Originally Posted by samcarlos

I hate to break it to you but you can go back threads from over a decade ago and you will almost find one thread per page talking about values and increases of Rolex’s. Just saying. Trust me I’m here for the love and passion of the simplistic cosmetics and complex movements that Rolex has to offer. But money always motivates my materialistic moves. I unfortunately didn’t have any grandparent or parents for that matter pass me down a Rolex(really wish they did). But I work hard for my money and purchase things that are of value. And hopefully I can start a tradition and pass one down to my kid. But for now, it is really neat to see some Rolex pieces moving outrageously north in price.

Without wishing to sound like I'm starting a pissing contest, I worked my spuds off and paid for all of mine with the fruits of hard graft (apart from one, which was a 50th birthday present from my wife).

It seems to me that more and more purchases are decided on the basis of what it might be worth in a few years which, to my simple mind, is the wrong reason to buy a watch. I bought mine to wear, to love and to enjoy. I really don't care what they're going to be worth some day down the line.

[Gimoozaabi]

Originally Posted by coolchow

Question is, will the price ever plummet if there is a new 2019 hulk at Basel world.


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Doubt it. I was expecting the prices of 16710 to stabilise and even decrease as Rolex introduced the 2018 BLRO and we all know what happened: although the new BLRO is a very sought and successful model, the 5 digit prices skyrocketed.



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[mjr24]

The same thing that is happening with Rolex has happened with lots of other luxury brands. 25 years ago, you had to have money to drive a BMW and you didn’t see many.....now they are everywhere.