Thread all abt ROLEX - Part 2

[Sarp0li]

Yep, to clarify, I’m not affected by what that person said. I do like the watch I bought and I bought it for myself. My sharing of this is more to say that there is a reason why Rolex is so highly sought after and why various people can just buy nothing but only Rolexes even when they are wealthy enough to appreciate the higher tier luxury brands like PP, ALS. It’s like cars, Bentley doesn’t always appeal to the rich people, very often, E class or S class is sufficient for them.

To put it simply at the EOD - Rolex = jin satki

 

[Damienic]

The Rolex resale price really Lao Sai Liao. Just saw brand new 2022 dated Pepsi at $25,450

 

[gaoxing84]

The Rolex resale price really Lao Sai Liao. Just saw brand new 2022 dated Pepsi at $25,450

The real crash comes when AD put out Pepsi on the display haha that one means the watch market game over for all brands.
Then all the so call collectors will stop buying.

 

[gaoxing84]

Yep, to clarify, I’m not affected by what that person said. I do like the watch I bought and I bought it for myself. My sharing of this is more to say that there is a reason why Rolex is so highly sought after and why various people can just buy nothing but only Rolexes even when they are wealthy enough to appreciate the higher tier luxury brands like PP, ALS. It’s like cars, Bentley doesn’t always appeal to the rich people, very often, E class or S class is sufficient for them.

Can buy S class means can buy Bentley. Confirm lol

 

[Pegasus05]

The real crash comes when AD put out Pepsi on the display haha that one means the watch market game over for all brands.
Then all the so call collectors will stop buying.

GX84 bro, put on display still never mind.. it must be readily available; like asking AD whether display is available to sell and they reply “yes”…
You were saying that during precovid, it also gives 15% discount to sports model is it?
Was it only sports models or all models?

 

[derkaiser94]

The Rolex resale price really Lao Sai Liao. Just saw brand new 2022 dated Pepsi at $25,450

yeah. i cant think of any factors that will cause prices to suddenly go back up significantly given how the greater macro economics are going. china opening up may be the only factor in the short term that can cause an uptick. but even that is Q2 next year at the least and china's economy is also not doing great.

maybe if rolex drastically cuts supply? personally i'll keep waiting and hopefully, prices keep falling and i'll be able to pick up an RG choc daytona down the road with the Greys on a 5-10k markup. just this week i see brightime reducing a brand new black dial 116515ln from $58k down to $56k.

 

[fury89]

Rolex perpetuated this very well over the years. But in reality even if you make $3k a month a steel Rolex is still well within your reach if you choose to scrimp and save for it.

Yea most people work 10-20years finally decided to buy something for themselves like my dad. No problem affording it also

 

[fury89]

blancpain was a old brand, revived by JCB.
i have a blancpain as well.
Swatch Grp quite chui one anyway

Haha me too … I like their go chrono
Quite value for money in this market, totally doesn’t stand out also

 

[gaoxing84]

GX84 bro, put on display still never mind.. it must be readily available; like asking AD whether display is available to sell and they reply “yes”…
You were saying that during precovid, it also gives 15% discount to sports model is it?
Was it only sports models or all models?

not precovid
is before 2016

 

[derkaiser94]

not precovid
is before 2016

Prices go back down to pre Covid I happy enough already. No need 15% off retail for sports model haha.

 

[derkaiser94]

Yea most people work 10-20years finally decided to buy something for themselves like my dad. No problem affording it also

Yeah you definitely don’t need to be rich nor financially successful to afford one. Contrary to what Rolex would like you to believe.

The difference is back then, someone like your dad and mine can actually pick one up from the AD as a milestone watch. No need to jump thru all the hoops we do now or pay twice over retail.

 

[official_t_atelier]

The Rolex resale price really Lao Sai Liao. Just saw brand new 2022 dated Pepsi at $25,450

Good thing I din take up the bundle, now chui and LS..

 

[gaoxing84]

Prices go back down to pre Covid I happy enough already. No need 15% off retail for sports model haha.

precovid is quite manageable but won't happen anytime soon cause rrp already up by alotl
daytona up by 4k leh. precovid, white daytona is trading around 27k new
so more or less 10k premium. if now 10 premium, it's around 30-32k
but i believe a good range to buy a panda is is 35-37k brand new.
since AD bundle is going to hard to get in the first place, too many people on the list liao since 2016

 

[Dmaul77]

Yeah you definitely don’t need to be rich nor financially successful to afford one. Contrary to what Rolex would like you to believe.

The difference is back then, someone like your dad and mine can actually pick one up from the AD as a milestone watch. No need to jump thru all the hoops we do now or pay twice over retail.

Even up to 15 years ago when i got my 1st sub and couple of years later dssd at 15 off, also dont have the dramarama we are seeing now. Of course supply/demand/marketing/essay writing play a part now as well

 

[official_t_atelier]

Doesn’t matter if Rolex is just a mid range luxury brand. It’s human nature for people to want to be associated with brands that people recognises instantly. It’s a bit like Mercedes, they don’t make the highest range luxury car, although the brand is known to make good quality, durable and highly reliable cars with a certain level of prestige. Prestige isn’t comparable to a Bentley for sure but the C and E class is instantly recognisable and offering what a car owner needs. Rolex is just that, everyone knows what is the Rolex brand, the 5 match sticks logo and the durability and high reliability that comes with it (very common for a Rolex sports model to go without needing a servicing for 13-14 years). It is still very common that a rich man may buy PP and ALS out of their love for the movement, the highest craftsmanship that goes behind making that watch, but he would still have at least a few of the Rolex he will wear almost daily and he wouldn’t abandon it just because Rolex is a mid tier luxury brand.
I once shared my purchase of PP AC in this thread and someone actually questioned my decision to spend 65k on it, saying nobody will take a second look at the PP that I bought but a highly popular Rolex sports model will attract glances from people in the public.
Why is Rolex so successful? It is not just marketing but I think they do earn that recognition as they do make very good watches. Good watches not in terms of craftsmanship like PP, ALS but just very good.

Have to give credit to Wilsdorf for making the brand name "Rolex", easily pronounceable in any language and catchy too..from hokkein to jiak kantang..from coolie to ceo..all walks of life and everywhere know how to say it..
If he has called it Wilsdorf and Davis..it would have been a different story liao..

 

[fury89]

Have to give credit to Wilsdorf for making the brand name "Rolex", easily pronounceable in any language and catchy too..from hokkein to jiak kantang..from coolie to ceo..all walks of life and everywhere know how to say it..
If he has called it Wilsdorf and Davis..it would have been a different story liao..

Uncle auntie pronounce them as Lorex

 

[derkaiser94]

Uncle auntie pronounce them as Lorex

Haha but the beauty of it is even when they butcher the pronunciation as lorex, people still understand what they are referring to. how many brands can say the same

 

[derkaiser94]

precovid is quite manageable but won't happen anytime soon cause rrp already up by alotl
daytona up by 4k leh. precovid, white daytona is trading around 27k new
so more or less 10k premium. if now 10 premium, it's around 30-32k
but i believe a good range to buy a panda is is 35-37k brand new.
since AD bundle is going to hard to get in the first place, too many people on the list liao since 2016

good point about the increased to rrp over the past few years. i guess using the premium as a % of the rrp would be a better comparison vs pre covid prices.

Panda at 15k premium i rather get RG oysterflex. I love both equally and would love to add a white faced dial to my collection but 116515ln seems more value and classy. it's already trading at 15k premium whereas panda is still at 20-22k premium. if prices continue dropping, i much rather 116515ln at 52k than say panda at 35k. also, why doesnt rolex make the full precious metal variants of daytona with ceramic bezel? if that was an option i would much rather that than oysterflex.

 

[rlskyline]

Good thing I din take up the bundle, now chui and LS..

how much premium for your bundle?

 

[rlskyline]

white gold blue dial daytona has dropped to 65k brand new. only 10k premium.
I always find it very pretty but didn't pull the trigger.
to think it was only 48k brand new in January 2020