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Good deal for a Rolex?

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A friend is being offered a brand new steel/yellow gold submariner with blue dial for £8400. RRP is £9900 after the November price increase. Asking me for my thoughts. This model is one of the mos… Read More
alpha40 Avatar
5m, 1w agoPosted 5 months, 1 week ago
A friend is being offered a brand new steel/yellow gold submariner with blue dial for £8400. RRP is £9900 after the November price increase. Asking me for my thoughts.

This model is one of the most in demand after the LV Hulk, was sold out at my local goldsmiths for the last few months so seems like a good deal to me but would be helpful to hear other opinions as still a significant investment. Watchfinder is selling used models (2-3yrs) in the £9k range.
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alpha40 Avatar
5m, 1w agoPosted 5 months, 1 week ago
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#1
Check schipol, when I buy i Rolex I fly to Amsterdam and buy in the airport, it is cheaper than anywhere in europe
#2
xbox360man
Check schipol, when I buy i Rolex I fly to Amsterdam and buy in the airport, it is cheaper than anywhere in europe


Thanks for the reply, AMS Rolex was quoting 10,300 Euros which used to be decent but with current exchange rate comes to almost £9k
#3
more money than sense 9k on a watch oO
#4
He may have more money to buy the watch so what's your gripe?
#5
Be completely sure it is not a "GREY" one. They were selling all kinds of high end watches in the States a while back and if you are a true horophile you wouldn't buy it.
#6
Couple of points.

Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.

Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:

1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)

Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.

As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.
#7
moneysaving
srp111
more money than sense 9k on a watch oO
nice post there adds a lot to the thread :)
#8
StJimmy
Couple of points.
Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.
Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:
1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)
Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.
As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.

Read this with interest, thanks. What would you recommend for a non-experienced buyer to get for between £5-10k purely as an investment ? And where from ?
#9
StJimmy
Couple of points.

Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.

Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:

1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)

Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.

As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.




Thanks, very helpful comment.

He has his heart set on the bi-metal even though I agree with you SS models are a better investment overall. Ultimately, I advised it's better to buy one you want to wear as well rather than one purely for investment to sit on a shelf somewhere.

What do you think of the price being offered? It's by a local jeweller , completely authentic , but as they are not Rolex AD they source them from mainland Europe. 5 year guarantee still applies.

Also he's only interested in the sub (my personal fave is the milgauss) so that narrows the field a lot.
Out of the models there I guess it is the most popular precious metal version. I had a feeling Goldsmiths was overhyping it though when they said it was so popular they'd not seen one come in for months.
#10
tallpete33
StJimmy
Couple of points.
Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.
Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:
1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)
Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.
As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.
Read this with interest, thanks. What would you recommend for a non-experienced buyer to get for between £5-10k purely as an investment ? And where from ?

If you are looking to keep for a while and investment your best bet is vintage. A nice 5513, 1680, 1655, 1665 would all be good choices. Vintage Rolex can be a minefield so I would suggest buying from someone who specialises in them like http://www.theoldwatchshop.com/ or https://www.miltonaires.com/ are both well respected in the watch world.

If you are looking at more modern ones the SS Daytonas have always been a safe bet. You will struggle to find a Ceramic Daytona in ADs as they are currently selling at massive mark ups and the dealers have close waiting lists for them.

Next best bet on the list would be a DSSD Blue. They retail for £9,150 hard to get but I feel they will be discontinued soon.

To be fair that list of 4 I have suggested are all safe bets.
#11
alpha40
StJimmy
Couple of points.

Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.

Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:

1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)

Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.

As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.



Thanks, very helpful comment.

He has his heart set on the bi-metal even though I agree with you SS models are a better investment overall. Ultimately, I advised it's better to buy one you want to wear as well rather than one purely for investment to sit on a shelf somewhere.

What do you think of the price being offered? It's by a local jeweller , completely authentic , but as they are not Rolex AD they source them from mainland Europe. 5 year guarantee still applies.

Also he's only interested in the sub (my personal fave is the milgauss) so that narrows the field a lot.
Out of the models there I guess it is the most popular precious metal version. I had a feeling Goldsmiths was overhyping it though when they said it was so popular they'd not seen one come in for months.

If it is what he wants then the price if new isnt that bad. You are right buying one you would wear and enjoy is the most important thing but if you can enjoy SS they are the better bet for getting money back when selling.
#12
StJimmy
tallpete33
StJimmy
Couple of points.
Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.
Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:
1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)
Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.
As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.
Read this with interest, thanks. What would you recommend for a non-experienced buyer to get for between £5-10k purely as an investment ? And where from ?
If you are looking to keep for a while and investment your best bet is vintage. A nice 5513, 1680, 1655, 1665 would all be good choices. Vintage Rolex can be a minefield so I would suggest buying from someone who specialises in them like http://www.theoldwatchshop.com/ or https://www.miltonaires.com/ are both well respected in the watch world.
If you are looking at more modern ones the SS Daytonas have always been a safe bet. You will struggle to find a Ceramic Daytona in ADs as they are currently selling at massive mark ups and the dealers have close waiting lists for them.
Next best bet on the list would be a DSSD Blue. They retail for £9,150 hard to get but I feel they will be discontinued soon.
To be fair that list of 4 I have suggested are all safe bets.

Excellent, thanks for that. Having a look in the forums, very interesting reading
#13
tallpete33
StJimmy
tallpete33
StJimmy
Couple of points.
Firstly, people saying don't buy Rolex, spending £9k on a watch is madness, dont listen to them. If you had bought a steel Rolex Daytona for ~£7k this time last year it would be worth a ~50% more now. Not many places where you can get 50% increase on you investment. Now i'm not saying that this is the case for all but you will rarely lose on a SS Rolex.
Secondly your friend is talking nonsense. This is nowhere near the rarest or more sought after watch in Rolex current models. There are probably a handful of Rolex that are difficult to get a hold at the moment, these are in order:
1. Rolex SS Ceramic Daytona (has about a £4k premium on list price)
2. Rolez DSSD Blue
3. Rolex GMT BLNR
4. Rolex 116010LV (Hulk)
Any bi-metal Rolex is less sought after than then SS equivalent. Many dealers in the past would discount the bi metal Rolex sports models, getting a discount on SS model these days would be near on impossible buying new.
As for buying cheap. The UK is currently the cheapest place to buy Rolex. This is why stock has been low in dealers. The weak pound has made us a cheap place to buy Rolex. Especially pre the Rolex price rise. Remember if buying outside the EU you will be charged 20% VAT.
Read this with interest, thanks. What would you recommend for a non-experienced buyer to get for between £5-10k purely as an investment ? And where from ?
If you are looking to keep for a while and investment your best bet is vintage. A nice 5513, 1680, 1655, 1665 would all be good choices. Vintage Rolex can be a minefield so I would suggest buying from someone who specialises in them like http://www.theoldwatchshop.com/ or https://www.miltonaires.com/ are both well respected in the watch world.
If you are looking at more modern ones the SS Daytonas have always been a safe bet. You will struggle to find a Ceramic Daytona in ADs as they are currently selling at massive mark ups and the dealers have close waiting lists for them.
Next best bet on the list would be a DSSD Blue. They retail for £9,150 hard to get but I feel they will be discontinued soon.
To be fair that list of 4 I have suggested are all safe bets.
Excellent, thanks for that. Having a look in the forums, very interesting reading

TZ-uk is a great forum. Full of helpful watch enthusiasts.
#14
mattmerch
moneysaving
srp111
more money than sense 9k on a watch oO
nice post there adds a lot to the thread :)


no worries. glad to help ;)

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