Rolex hulk climbing grey market

[samcarlos]

I’ve noticed within the last month I have seen the hulk steadily climbing in price. On chron I see prices in $16k range. Where as in Jan the peak was $13k. I have seen several hulk incomings on the forum recently from Ad. So it seems that it might not be discontinued. What are your thoughts on prices? Is this the peak?

[Tha Baron]

You’ll get a variety of answers here on this. Nobody knows though

[subboi]

demand and supply ... it is hot for a reason

[beshannon]

Originally Posted by samcarlos

I’ve noticed within the last month I have seen the hulk steadily climbing in price. On chron I see prices in $16k range. Where as in Jan the peak was $13k. I have seen several hulk incomings on the forum recently from Ad. So it seems that it might not be discontinued. What are your thoughts on prices? Is this the peak?

Are you waiting for it to be discontinued?

[The Libertine]

Originally Posted by beshannon

are you waiting for it to be discontinued?

+1?

[samcarlos]

Originally Posted by beshannon

Are you waiting for it to be discontinued?

Makes no difference to me. I already picked one up early this year. I was checking out chron 24 for prices on BlRO. I am on a waiting list At my local ad and noticed the two getting very close in price. The blro is very new. I know I can get one at retail soon. I wouldn’t give up my Hulk. I know it’s going to be a unique collectible in the future.

[beshannon]

Originally Posted by samcarlos

I know it’s going to be a unique collectible in the future.

Why?

Unique? There are tens of thousands around the world.

[samcarlos]

Originally Posted by beshannon

Why?

Unique? There are tens of thousands around the world.

Because it’s a sub with a green dial and bezel. It’s not for everyone. You either love it or not. I don’t think Rolex will keep This color combo in their sub lineup indefinitely. Of course this is my opinion.

[AK797]

This isn't like the stockmarket, there are no tangible rumours that move prices, just a bunch of grey market makers who are pushing prices ever higher.

[glamorama]

They should have a Rolex-price report on Bloomberg.. with different experts giving their opinion and let us know what they load up in their portfolio of watches for the moment.

Come to think of it.. there are already youtube channels like that.

[padi56]

Originally Posted by glamorama

They should have a Rolex-price report on Bloomberg.. with different experts giving their opinion and let us know what they load up in their portfolio of watches for the moment.

Come to think of it.. there are already youtube channels like that.

Well there is a old saying opinions are like ar#s#oles everyone ones got one.

[Vamp]

With Basel right around the corner the frenzy is beginning and is creating even a bigger bubble

[FrankNYC]

Supply and demand. Around 2010-2011 I was thinking of getting a PP Nautilus. I saw one second hand for 16K. Also saw a brand new one selling for retail at an authorized dealer (26K--this is a blue-faced one). Now, they're selling for close to 60k. Mid-50s for used

[mml4]

I follow the grey market pretty closely and have noticed a change in the last 2 months. Chrono 24 has been raising their prices followed shortly there after by the Trusted Sellers.On some references the Trusted Sellers leave the price up for what appears to be a trial run and if there are no takers the price comes back down. The Chrono 24 price always stays up or so it seems. I have also found the Chrono 24 dealers to advertise stock they don't have. This step forward and backward may just be grey dealers trying to maximize their profits and have no correlation to supply and demand.
The above being said it is after all just another subjective opinion of a hopelessly consumed WIS that will probably be replaced by some equally uninformed new reality by next week .

[904VT]

The current differential in the secondary market between the LN and LV is ridiculous. I'd compare it to the price premium of the 116500 over the 116520 when the C first launched. It for some reason has taken sellers (and some buyers) long time to realize they are really just the same watch.

In this case, spending $5k for a color change?

I have some Omegas and Breitlings in my collection that I'd like to sell you at MSRP as well if you like the embedded depreciation type of purchase

[904VT]

Originally Posted by mml4

I follow the grey market pretty closely and have noticed a change in the last 2 months. Chrono 24 has been raising their prices followed shortly there after by the Trusted Sellers.On some references the Trusted Sellers leave the price up for what appears to be a trial run and if there are no takers the price comes back down. The Chrono 24 price always stays up or so it seems. I have also found the Chrono 24 dealers to advertise stock they don't have. This step forward and backward may just be grey dealers trying to maximize their profits and have no correlation to supply and demand.
The above being said it is after all just another subjective opinion of a hopelessly consumed WIS that will probably be replaced by some equally uninformed new reality by next week .

It's a borderline Ponzi scheme. Advertising watches you don't have for sale at prices people aren't willing to pay is market fixing. Those sellers are lucky it's an unregulated market, because the business practice is unethical at best.

[flyingdoctor]

One of the larger dealers on Chrono had a piece I was interested in. Priced higher than I though it was worth. I asked what they would sell it for. They dropped the price a bit. In the end I got a better one at a better price elsewhere. Couple of days after that their Chrono price for it jumped 400 bucks. I was gobsmacked.

I wonder if a lot of the prices on the gray / secondhand markets are ruled by "think of a number" and everyone piles on and feeds the flames driving everything up.

[Seibei]

It is a Ponzi scheme. Buy at these inflated prices at your own risk.

[RJRJRJ]

Originally Posted by mml4

I follow the grey market pretty closely and have noticed a change in the last 2 months. Chrono 24 has been raising their prices followed shortly there after by the Trusted Sellers.On some references the Trusted Sellers leave the price up for what appears to be a trial run and if there are no takers the price comes back down. The Chrono 24 price always stays up or so it seems. I have also found the Chrono 24 dealers to advertise stock they don't have. This step forward and backward may just be grey dealers trying to maximize their profits and have no correlation to supply and demand.
The above being said it is after all just another subjective opinion of a hopelessly consumed WIS that will probably be replaced by some equally uninformed new reality by next week .

This is definitely the case for the hot watches. I would bet over half of the listings are fake. I called probably 20 listings for a 5711 about 2 years ago and they ALL gave me the same BS lines like "oh we just sold that one one second ago but we can try to find you another one if you give us your name and number..."

[m j b]

Originally Posted by samcarlos

What are your thoughts on prices?

It's nutty.

[mistercoach32]

Basel is less than two weeks away. Any model that has had any rumors of possibly being discontinued will have a steady climb as it gets closer because there are a whole lot of people sitting there thinking, "Should I or shouldn't I??? I want it and I'll be paying even more if it does get discontinued!"

[904VT]

Originally Posted by flyingdoctor

One of the larger dealers on Chrono had a piece I was interested in. Priced higher than I though it was worth. I asked what they would sell it for. They dropped the price a bit. In the end I got a better one at a better price elsewhere. Couple of days after that their Chrono price for it jumped 400 bucks. I was gobsmacked.

I wonder if a lot of the prices on the gray / secondhand markets are ruled by "think of a number" and everyone piles on and feeds the flames driving everything up.

Exactly this I think. These prices are lists and if they don't have the watch even worse. Doesn't mean that any of these watches ever sold at those higher prices. If there aren't any transactions then these aren't real prices.

The scheme is up, I hope everyone avoids these type of sellers and helps the market return to equilibrium.

For one, just by one of us committing to purchase at $14k, it then allows the seller to go to an AD or another source, then commit to both a LV and a second watch less easy to move. And then do this over and over again. We're only allowing ourselves to be schemed if we purchase or support imo.

[peterpl]

DO NOT buy any Rolex at gray prices in the next 6-12 months.

I would say the bubble is just about as much as it can take. Absolutely nuts for mass produced items that are available in the 10s of thousands globally.

[sensui]

Damn glad I bought one before all the madness....would hate to discover this beautiful dial now and have to deal with the AD games/grey premiums.

[eltonbalch]

Originally Posted by peterpl

DO NOT buy any Rolex at gray prices in the next 6-12 months.

I would say the bubble is just about as much as it can take. Absolutely nuts for mass produced items that are available in the 10s of thousands globally.

Others here are going to disagree with you, but IMHO world wide economic indicators are trending down and mass produced luxury goods will follow. Rolex is not immune!

[CoveWatch]

I go back and forth all the time on if I really need the LV or not... actually passed on one in december and sometimes wonder if I should have just taken it. Not to flip but because if I decided I wanted it later and its disc, it would be difficult to get.

[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.

[Sublovin]

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 is a great post. I agree that our hobby has been invaded by investors and speculators who don’t care about the details and enjoyment of the watches, only the past, present and future values.

[Runnin' Rebel]

No pics ?

[Mr. K]

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.

Great post. Agree and disagree. I think value and resale is all part of the hobby, a small part. But I agree that for some it has become the main focus so much that it distracts from the enjoyment.