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Old 21 May 2019, 07:01 PM   #1
Devildog
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Ladies and gentlemen of TRF. I present to you...

The (almost) $20,000 BLNR.

Madness.




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Old 21 May 2019, 07:12 PM   #2
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haha!
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Old 21 May 2019, 07:15 PM   #3
Flex368
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Only a few years ago you could buy slighty pre-owned PM references at that price.
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Old 21 May 2019, 07:17 PM   #4
Ssunnylee24
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The word “Rolex” makes me think of “re-sell” just like limited run Supreme bs.
Why do kids and f boys buy Yeezys and other limited run shoes even using bots to purchases shoes? So they can resell and make profit. Purchasing hot rolexes is the same now.
Sad time for real enthusiasts.
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Old 21 May 2019, 07:18 PM   #5
Galaga167
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What’s the LN getting ?
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Old 21 May 2019, 07:21 PM   #6
In-Cog-Neeto
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What’s the LN getting ?
Advertised around £10/11. Don’t know what they actually getting tho
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Old 21 May 2019, 07:33 PM   #7
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Not surprised about the asking price but in reality can it sell?


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Old 21 May 2019, 07:34 PM   #8
rambo99
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this is insane! I am done with Rolex.
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Old 21 May 2019, 07:34 PM   #9
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Anybody willing to throw that amount at it needs their head testing. I struggle to think of the type of person that would buy though?

Certainly not collectors. Maybe somebody that's late to the party and can't build enough of a relationship to get the new model at an AD?

That money would be better spent at a small AD buying a DJ41 with a view to obtaining a new BLNR within 6 months or so.

You know what they say though about a fool and his money.
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Old 21 May 2019, 07:35 PM   #10
Galaga167
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this is insane! I am done with Rolex.


Do you have one of these models?
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Old 21 May 2019, 07:37 PM   #11
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That's a fair price compared to some others I've seen advertised
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Old 21 May 2019, 07:41 PM   #12
Wobbly
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There is a couple of unworn BLNR being advertised in the U.K. on Chrono24 for £16,500

But they are asking prices, There is one on eBay now with a bid of £13,500
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Old 21 May 2019, 07:43 PM   #13
Galaga167
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https://www.chrono24.com.au/rolex/gm...id11093780.htm
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Old 21 May 2019, 07:44 PM   #14
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^^^ Reserved.
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Old 21 May 2019, 07:45 PM   #15
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That's a fair price compared to some others I've seen advertised
No its a crazy price but while there are those willing to pay, and while many advertise these crazy price on the various internet watch forums the crazy prices will continue.
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Old 21 May 2019, 07:46 PM   #16
JonaG
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Luckily, as soon as I got my 16710, my desire for the BLNR mysteriously vanished
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Old 21 May 2019, 07:47 PM   #17
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Grey market

If everyone stops buy off the grey sellers it might bring prices down and improve waiting times at authorised dealerships.
Let’s vote with our feet and stop buying off grey market say for a month and see what happens to the market.
This needs to happen worldwide.
Let rolex dealerships be the only ones to sell them from now on.
People power could stop this madness.
These grey dealers are getting so greedy it’s obscene.
I’m aware people want the grail watches but let’s all stand together and say enough is enough.
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Old 21 May 2019, 07:51 PM   #18
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Can't see it not reaching £20K, not unless SM burns down or a couple of new hot watch brands emerge in the next few months to take the shine and dollars off of Rolex.
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Old 21 May 2019, 07:52 PM   #19
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Originally Posted by Redadmiral2 View Post
If everyone stops buy off the grey sellers it might bring prices down and improve waiting times at authorised dealerships.
Let’s vote with our feet and stop buying off grey market say for a month and see what happens to the market.
This needs to happen worldwide.
Let rolex dealerships be the only ones to sell them from now on.
People power could stop this madness.
These grey dealers are getting so greedy it’s obscene.
I’m aware people want the grail watches but let’s all stand together and say enough is enough.
Like I said, if you can get all Social Media banned within the next few weeks then this can be realised, otherwise this is a one way train that left the station in June 2016.

People power is a nice idea in theory, but if SM has taught us one thing it is that people hate people.
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Old 21 May 2019, 07:53 PM   #20
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Do you have one of these models?
luckily I bought a hulk from a grey dealer half a year ago, at 105000hkd. now it's up to 148000. I chose between the hulk and the batman and got the hulk finally. I also have a sd43.
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Old 21 May 2019, 07:55 PM   #21
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That money would be better spent at a small AD buying a DJ41 with a view to obtaining a new BLNR within 6 months or so.

You know what they say though about a fool and his money.

Will a DJ41 get you on the list for a BLNR? Doubt it, and even if it did you would be waiting a while (2-3yrs +) as you won’t be at the top..
So maybe better to bite the bullet and have it on your wrist tomorrow..?
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Old 21 May 2019, 07:59 PM   #22
Galaga167
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luckily I bought a hulk from a grey dealer half a year ago, at 105000hkd. now it's up to 148000. I chose between the hulk and the batman and got the hulk finally. I also have a sd43.


Nice. I got an LN at MSRP last Tuesday. Just need to possibly swap an Omega Planet Ocean plus money and maybe my Tudor Black Bay for an explorer and I’m done.

My two favourite Rolexes of all time.
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Old 21 May 2019, 08:02 PM   #23
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Will a DJ41 get you on the list for a BLNR? Doubt it, and even if it did you would be waiting a while (2-3yrs +) as you won’t be at the top..
So maybe better to bite the bullet and have it on your wrist tomorrow..?
There is no top and bottom of lists any more in the UK, certainly for the big chains. Allocations are made by management and it's pot luck. They're open enough by telling you other purchases would help.

In the right place, yes, I don't see any reason why it wouldn't get you on the list. London may well be different but elsewhere i'd think it's possible.

To be honest if i had that sort of money to spend I'd be going TT CHNR anyways.
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Old 21 May 2019, 08:03 PM   #24
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IMG_4979.jpg


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Old 21 May 2019, 08:24 PM   #25
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These things are worth what they’re worth until they’re not. That’s what the free market is. If people are willing to hit the bid, then the watch is “worth” that because it’s selling. These are crazy times indeed and perhaps it is a bubble that will get pricked at some point, but countless posts proclaiming “it’s not worth that, I’m moving on from Rolex” doesn’t consider that these prices already reflect the many who have expressed those sentiments and voted with their wallets and feet. There appears to be many well heeled buyers for whom Rolex has no substitute... partly because success begets success. There are many horological marvels and many brands produced in smaller quantities, but they don’t command the same premium over MSRP or have even half the value retention (except Patek). That’s not my opinion, those are just the facts at present.


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Old 21 May 2019, 08:29 PM   #26
HappyFish
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If a stamp can be worth millions, why a Rolex can`t be "worth" some 10k premiums - especially for discontinued models?!
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Old 21 May 2019, 08:35 PM   #27
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If a stamp can be worth millions, why a Rolex can`t be "worth" some 10k premiums - especially for discontinued models?!
The answer is that the Rolex models in question are still being produced. A higher price for a discontinued model makes more sense.

Either way, the price above from the OP is only an asking price. It's not MSRP. Not sure why everyone goes crazy over these prices. No-one has to pay them.
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Old 21 May 2019, 08:36 PM   #28
Rollie8
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Also, these toys are purely discretionary baubles and rather expensive ones at that. By definition a luxury good is and should be somewhat exclusive. You know what makes a bunch of wealthy folks crazy? Possessing something money can’t buy. At this point, having a difficult to obtain (ie SS sport model) Rolex implies a certain social pull or gobs of money because it usually takes one or both to get them. So yes, Rolex (whether intentional or having stumbled upon this “strategy”) has won. People can walk into any number of boutiques and just spend to get whatever they want in most instances, you just show up with your wallet in tow. In this case, you either have some pull (long standing relationships you’ve cultivated through the years and invested in with time, or you’ve got enough money to expedite building a relationship) or you’re lucky. If these were EpiPens or something critical to people’s lives, I’d have a much different outlook or stance but at the end of the day, these are watches. Please keep all in perspective people.


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Old 21 May 2019, 08:40 PM   #29
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The answer is that the Rolex models in question are still being produced. A higher price for a discontinued model makes more sense.
The watch in question is the 116710 BLNR on Oyster and it`s no longer produced! So the "original" Batman is dead and this is the true collector piece so far! Keep it new/unworn!
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Old 21 May 2019, 08:59 PM   #30
zhqiang
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If everyone stops buy off the grey sellers it might bring prices down and improve waiting times at authorised dealerships.
Let’s vote with our feet and stop buying off grey market say for a month and see what happens to the market.
This needs to happen worldwide.
Let rolex dealerships be the only ones to sell them from now on.
People power could stop this madness.
These grey dealers are getting so greedy it’s obscene.
I’m aware people want the grail watches but let’s all stand together and say enough is enough.
The ADs in China now sell the Rolex SS sport watches together with the watches of other brand. I just read a post that a guy brought Batman together with two other watches by spending 150,000RMB, the two other watches was sold back the AD with 15,000RMB. So, you can calculate how much was paid to the Batman.
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