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#1 |
"TRF" Member
Join Date: Aug 2020
Location: Earth
Posts: 478
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Buying a Rolex because of its aftermarket value
What would you do? I had an chance to buy a Rolex from my AD but declined because it just wasn't me...Then I looked on Chrono 24 and saw that watch listed for 3X the retail value. I still didn't want it...even though my AD said if I change my mind to give them a call. What would you have done? Just wondering...
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#2 |
"TRF" Member
Join Date: Apr 2018
Location: USA
Posts: 686
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Depends on which model. Guessing you’re not gonna tell us that information.
I would probably be willing to arbitrage something like that. Realize that the asking prices on chrono24 don’t necessarily reflect the settled amount. If anything, it would be a nice opportunity to try something out that you could easily dispose of later for less of a hit, if any. |
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#3 |
"TRF" Member
Join Date: Aug 2020
Location: Earth
Posts: 478
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Full Rose Gold GMT Brown/Black bezel
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#4 |
"TRF" Member
Join Date: Oct 2018
Real Name: Matthew
Location: Tulsa, OK, USA
Posts: 1,954
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So somebody has a full RG GMT listed on Chrono for 135K? A true optimist.
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|Rolex Submariner 114060| |Rolex Datejust 126234 silver| |Grand Seiko SBGT021 day-date quartz| |
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#5 |
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Join Date: Apr 2018
Location: USA
Posts: 686
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Yah, catch me if i’m wrong, but I think they sell for less than retail on the secondary?
I’m not real informed on the PM models. Watchcharts shows it at $38,000 It is a beautiful watch, however. |
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#6 |
2025 Pledge Member
Join Date: May 2020
Real Name: Zach
Location: Sector 001
Watch: Too many to list!
Posts: 876
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Chrono 24 asking prices are fantasy island, remember that you can ask whatever price you want there, does not mean you will get it. Buy what you like and will wear and enjoy. Never look a watch as an investment, you will be disappointed most of the time.
That pieces current MSRP is insane and you will lose $5-8K as soon as you walk out the door with it. I’m sure it will still be there the next time you visit. PM models are a very hard sell right now at the AD. Cheers, |
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#7 |
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Join Date: Jul 2016
Location: The Ice House
Watch: Ingersoll Mickey
Posts: 3,535
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I wouldn’t buy what I didn’t want, that’s what I’d do. You did good.
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#8 | |
2025 Pledge Member
Join Date: Jun 2013
Location: Here
Posts: 4,821
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Quote:
Agreed. Sent from my iPhone using Tapatalk |
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#9 |
2025 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,476
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It’s under market selling under retail. Ridiculous. Based on my investment record, I would have bought it and sold it for 80% value
Sent from my iPhone using Tapatalk |
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#10 |
2025 Pledge Member
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,892
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Been there with a BLNR and passed. It wasn't worth triple MSRP but I wouldn't have been interested if it was. You should do as you see fit. We're all different.
One thing to bear in mind is that as a private seller you won't get near maximum margin and it only takes one dodgy buyer to turn your venture upside down. |
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#11 |
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Join Date: May 2019
Location: EUROPE
Posts: 892
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#12 |
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Join Date: Jun 2024
Location: USA
Watch: Tiffany Blue 12430
Posts: 44
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On the premise of ensuring that it is authentic, what is more important is whether you really like the watch. If you get it but are not satisfied, it is really a kind of effect that it is better not to buy it. Of course, this is just my personal opinion. After all, such opportunities are rare. You can compare and see whether the Rolex is worth buying.
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#13 |
"TRF" Life Patron
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 53,212
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Exactly that but some today think Rolex watches are just £££$$€€€ object things and little more.Once they were bought to wear and enjoy but lately those days have sadly passed.
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder ![]() |
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#14 |
"TRF" Member
Join Date: Feb 2016
Location: Vietnam
Posts: 27
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your watch in chrono24 just 80% retail price :) 3X OMG :)
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#15 |
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Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
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The issue is not C24 but the premise from the OP this scenario is even factual with the model in question.
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#16 |
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Join Date: Dec 2012
Real Name: Vince
Location: England
Watch: Too many!
Posts: 5,748
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Not a fan of ‘speculators’ so I would very much like to see a speculator buy this watch and put it on Chrono for 3x retail.
Sent from my iPhone using Tapatalk
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#17 |
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Location: USA
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#18 |
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Join Date: Apr 2013
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Watch: Yachtmaster
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I wouldn’t have bought it.
Too much hassle and dealing with con artists trying to sell a watch. Not worth it. Then again I really don’t care making a few grand. I have enough. ![]()
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#19 |
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Join Date: Aug 2020
Real Name: Ron the Stoic
Location: Netherlands
Watch: GMT Meteorite
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Not all who are new to the hobby are like that. There are many who love to wear their watches and don’t baby them. Yes, there are also a lot of hype investors but that ship has sailed the last few years.
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#20 |
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Real Name: Brian (TBone)
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#21 |
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Real Name: Brian (TBone)
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#22 |
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Join Date: Jan 2023
Location: USA
Posts: 103
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If you're that far out from knowing the market, it was good that you didn't buy it.
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#23 |
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Join Date: Aug 2009
Real Name: Travis
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Watch: Yes..
Posts: 33,775
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Those are selling below retail in the secondary market.
To answer your question (irrelevant at this point), if you don't want it, don't buy it. |
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#24 |
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Watch: Sub, DJ41, GMT
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If I were offered a watch that was selling 3x retail on chrono, I’d probably buy it.
I don’t actively pursue such watches, but if I got a random phone call, I wouldn’t say no. Sent from my iPhone using Tapatalk |
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#25 |
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Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 11,753
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Good for you for passing up the big quick profit and only buying what you like.
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#26 |
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Real Name: Kat
Location: CA, USA
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You did the right thing! We folks here are enthusiasts, not speculators.
Well done. Kat Sent from my iPad using Tapatalk |
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#27 |
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Join Date: Jan 2013
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Watch: me lose count.
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The watch you are referring to sells, unworn, under retail OP.
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#28 |
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LOL
People can ask whatever they want but reality is it's not gonna sell for 3X msrp or anywhere near that.
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#29 |
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Join Date: Jul 2023
Location: South Florida
Watch: Cartier Santos XL
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You seem to often speak for all of us.
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A Rolex isn't a flex if you have to check it to see if your lunch break is over. |
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#30 |
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