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Old 20 September 2020, 02:11 PM   #181
Ny325
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No sir.
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Old 20 September 2020, 11:44 PM   #182
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LMAO. No way
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Old 20 September 2020, 11:47 PM   #183
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Its all supply and demand, if the watches are obtainable at retail from ADs, the premium for the after market will be very little. There do seem to be a lot of incomings here so, hopefully, the flow keeps going and folks are able to buy them from ADs.
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Old 20 September 2020, 11:57 PM   #184
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Nope
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Old 21 September 2020, 12:28 AM   #185
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Old 21 September 2020, 12:55 AM   #186
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Not a chance !
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Old 21 September 2020, 01:03 AM   #187
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No way would I pay that.
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Old 21 September 2020, 01:41 AM   #188
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No Sir! It’s a nice piece but not @15k.
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Old 23 September 2020, 05:21 AM   #189
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No way

Things should hopefully come back down to Earth in a couple of months.
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Old 23 September 2020, 05:53 AM   #190
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You can bribe the AD for less lol
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Old 23 September 2020, 06:41 AM   #191
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I have a new 2020 F150, I'll let it go for $120,000.

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Old 23 September 2020, 06:46 AM   #192
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not at all
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Old 23 September 2020, 08:58 AM   #193
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Quote:
Originally Posted by Journeyforce View Post
No way

I paid about $3000 new for my Sub back in 1995. If I adjust for inflation that is just under $5200 in 2020 money. No way I would pay $15k for the new Sub.
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Old 23 September 2020, 09:31 AM   #194
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No sir - the hype will level out in 6 months to 12 months.
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Old 23 September 2020, 09:37 AM   #195
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I have a new 2020 F150, I'll let it go for $120,000.

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That's what they go for in Australia.
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Old 23 September 2020, 09:46 AM   #196
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Hell no!
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Old 23 September 2020, 09:48 AM   #197
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F’n joke if you ask me!
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Old 23 September 2020, 09:52 AM   #198
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No way

I paid about $3000 new for my Sub back in 1995. If I adjust for inflation that is just under $5200 in 2020 money. No way I would pay $15k for the new Sub.
Actually based on about 7% annual return, I normally double the price for every decade or so. For $3000 in 95, it's about $6000 in 05, and $12000 for 15. So technically $15000 is "reasonable."

LOL, ok kidding aside, nope, OP. Won't pay anything above MSRP myself.
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Old 23 September 2020, 09:53 AM   #199
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No. That's lunacy.

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Old 23 September 2020, 09:58 AM   #200
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No

Might because I have 2 fat boys a bluesy and no-date” so I’m only in the market for a green bezel.
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Old 23 September 2020, 10:36 AM   #201
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Actually based on about 7% annual return, I normally double the price for every decade or so. For $3000 in 95, it's about $6000 in 05, and $12000 for 15. So technically $15000 is "reasonable."
This is a great observation and the rule of compound inflation does very much apply. It is only an assumption... BUT if Rolex increases prices by an average of app. 7% per year, something with a $10,000 list price today will have a $40,000 list price in app. 2040. Watches are not investments — it’s just math though.
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Old 23 September 2020, 10:59 AM   #202
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Old 23 September 2020, 11:04 AM   #203
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Not that I would - but who would pay $15k for a Sub when they could buy a 'hot' gray market GMT for just a little more?
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Old 23 September 2020, 11:09 AM   #204
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Originally Posted by vh2k View Post
This is a great observation and the rule of compound inflation does very much apply. It is only an assumption... BUT if Rolex increases prices by an average of app. 7% per year, something with a $10,000 list price today will have a $40,000 list price in app. 2040. Watches are not investments — it’s just math though.
Absolute! You are very right about watch not being an investment.
As an example of how crazy the market it, Patek has been increasing the official MSRP (not grey) price at about 10% - 20% this last couple of years which I think is just plainly greedy and crazy especially considering how expensive the average MSRP price for their watches already are.
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Old 23 September 2020, 05:39 PM   #205
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Multiple listings already in the 14’s. These will be $10k in time
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Old 23 September 2020, 10:07 PM   #206
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That's what they go for in Australia.
Offer accepted. Wire transfer only and buyer pays shipping. I appriciate your business, please tell your friends.

But back to the watches. The way I think of paying premium on a new release like the Submariner is a rental annalogy. A sub is not rare, you can't walk into an AD and buy on but most of us could probably get on a few lists and have one in a year or two. Paying a $5000 premium to get it 18 months faster is like renting it for $275/month and then paying retail after a year and a half of renting vs finding something else to think about for a year or two and buying the watch after that time.

I don't begrudge anyone paying a premium but I just can't bring myself to do it. Admittedly I am as illogical about money in other ways. I have been known to spend $70,000 on a car and proceed to do my own oil changes to save $50/year.
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Old 23 September 2020, 10:16 PM   #207
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I had the 114060 a couple of years ago but just didn't like the wide lugs. I like the new case very much. But the premium is significant. While the ND Sub is popular, I am trying to justify the large premium and wondering what the "normal" price would be in a few months.
Absolutely not...
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Old 23 September 2020, 10:26 PM   #208
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Nope
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Old 23 September 2020, 10:36 PM   #209
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No way.


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Old 24 September 2020, 12:19 AM   #210
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That’s a retail watch dude.


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