Hong Kong is "Rolex Paradise"

[strafer_kid]

Quite a collection!

[Solicitor]

HK is the watch capital in Asia. Their market isn't limited to them but the whole of Asia.

If 1% of China's rich buy 1 Rolex each, all of those will be gone in a matter of days.

Majority of them are living in flats and public transportation is one of the most efficient in the world... So nobody really needs a car.

There are more millionaires in HK in USD than in the US in fact there were years that hk even topped number of Millionaires than in Switzerland (based on percent in population).

HK remains to have the most expensive real estate in the world.

The default watch of most HKers are the SS Sub and the SS Daytona. They have this strange attachment to A Series SS Daytonas with Zenith movement some complete sets going as high as 220k hkd.

One store in HK boasts over 1 Billion HKD in inventory. If anyone is in thr hunt for those rare daytonas, colliosone dial PP Worldtimes... they're all in HK.

Caveat: they don't come cheap though. The PP Aquanaut in WG has almost 15k USD premium over SRP.

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[brad935]

Got to flaunt somehow. Great choice on their part!

[Star Ferry]

Originally Posted by Solicitor

.
There are more millionaires in HK in USD than in the US .

There are roughly 2 millionaires in the USA for every person living in HK... Do HK locals actually believe this?

[Solicitor]

Originally Posted by Star Ferry

There are roughly 2 millionaires in the USA for every person living in HK... Do HK locals actually believe this?

You probably didn't understand my post... that's why i said IN PERCENT!

Of course there will be more millionaires in USA due to the fact that HK population is about 7.3 Million and USA is more than 300 Million.

Double chuckle LMFAO.

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[Star Ferry]

Originally Posted by Solicitor

You probably didn't understand my post... that's why i said IN PERCENT!

Of course there will be more millionaires in USA due to the fact that HK population is about 8 Million and USA is more than 300 Million.

Double chuckle LMFAO.

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You can make that a triple chuckle, because you're probably still wrong

After a year-long stock market rally, 5% of Americans are millionaires. I've seen several estimates for what % of HKers are millionaires, and the highest was under 3%

[Brainh18]

Who cares about the % of rich folks? It's amazing to see all those shiny new Rolexes.

[Solicitor]

Originally Posted by Star Ferry

You can make that a triple chuckle, because you're probably still wrong

After a year-long stock market rally, 5% of Americans are millionaires. I've seen several estimates for what % of HKers are millionaires, and the highest was under 3%

You're probably having some issues with English language my friend.

Of course every year the percent of Millionaires will vary better to double read my post...."there was a time..."

As you have said.... after a year long rally of stock market in the US... Hahahaha

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[Star Ferry]

Originally Posted by Solicitor

You're probably having some issues with English language my friend.

Of course every year the percent of Millionaires will vary better to double read my post...."there was a time..."

As you have said.... after a year long rally of stock market in the US... Hahahaha

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Ok. In both absolute and relative terms, I don't believe that there are more millionaires in HK than there are in the United States.

You tried to draw a line between wealth in HK and the ubiquity of Rolex. I don't think that line exists. Culturally, HK has an emphasis on buying expensive luxury watches. People usually need to prioritize and sacrifice to do so.

In terms of the huge number of dealers, many are primarily catering to mainland Chinese visitors. It's hard to say how many watches are bought by locals vs. visitors

[TheVTCGuy]

Originally Posted by GradyPhilpott

I live rather modestly, but I do have a roof over my head and an automobile.

Can I move in Grady?

[gabbysplace]

More sold (at least in revenue) in Hong Kong than even the US. It certainly is Rolex heaven.


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[yoniman]

Originally Posted by GradyPhilpott

I live rather modestly, but I do have a roof over my head and an automobile.

That

At any rate, this is a great thread showing how Rolex is sold in HK.
Let's have more post like this: Rolex stores in different parts of the world.

Meanwhile, that single window display probably represents the whole stock
here in NZ

Cheers everyone

[random101]

Tried a few dealers for a 116610LV couldn't find anything.

Found some resellers but they have a $2kUSD premium.

SGP has great prices but like the rest of the world - no stock.

[Danny83]

Nice

[htown]

Originally Posted by Nikita70

I must say I cannot understand the mentality where if someone else has the same watch I do then I no longer like my watch. Why would you think this?

Exactly! Don’t understand some folks!

[Alleycat]

Originally Posted by aquatimerfla

Confusing? Cant afford a car or house but wears a Rolex. If this happened in North America you would be ridiculed.

So what is it in HK? is Rolex a 'luxury' item or is it like Levis Jeans??

I live in North America. I don’t have the need nor the desire for a car. My rent far exceeds most mortgages in the US yet I still can’t afford to purchase a home in my city. If the cost of a watch was the difference between being able to buy a home or not, I wouldn’t own the watch.

I could move to a cheaper area that doesn’t interest me. I choose not to. Ridicule me. Or be open to others’ realities.

[memphis88888]

Originally Posted by HK Islandboy

Is it safe to... wear your Rolex in a major American city??

Hong Kong is a very save country.

[watchwatcher]

I could get into so much trouble there...

[GradyPhilpott]

Originally Posted by TheVTCGuy

Can I move in Grady?

I have a large closet, but you'll have to sleep in the fetal position.

[yxc145]

that is no paradise!!! It is hell!! with all the hot, desirable models sold at a high mark up! You can look, but you can't buy (at sticker price or lower)

[ROLEX MAN]

The shops are on Nathan Rd. main rd in Hong Kong, this particular shop was the largest that I came across, it had "ONLY" Rolex and Rows upon Rows of them rough guess 1500 of them!

In Macau there are smaller S/H shops, everywhere!! (every 20th shop)

Macau is gambling capital! (larger than Vegas!)

No shortage of any model.

What surprised me the most was no replicas!

This is another Pix of one in Macau...........




regards Martin

[Thathorologist]

Is it only me or do they really have 2 dozens of Hulks there... I'm amazed!

[jagwap]

Originally Posted by Thathorologist

Is it only me or do they really have 2 dozens of Hulks there... I'm amazed!

Some people in HK flip their watches fast. The 116610LV used to be flavour of the month, with the ladies too, before the 116710BLNR came along. Now it's the ceramic Daytona...

If you flip sort after Rolexes you don't take a huge hit here, and you are kind of renting them, while building a relationship with the AD.

[Lol-x]

Did you see many vintage Rolex sports watches for sale in Hong Kong?

[Andad]

Nice pix Martin.

Hope you are having a good time.

Give me a call when you return and we can catch up for a drink over the Xmas break?


Take care.

Eddie.

[HK Islandboy]

Originally Posted by Thathorologist

Is it only me or do they really have 2 dozens of Hulks there... I'm amazed!

...but note that the asking price is HKD84k (USD 10.7k)...and they may well be used.

though that seems like it might be the going rate everywhere these days!!

[G'ed]

Most of the demand coming from mainland China.

[Lamone]

Great pictures! HK is a Rolex paradise.
Is that first picture from the Jordan Rd/Woosung Street corner?

[burgerkong]

I'd much prefer to do business in Japan, and that's coming from someone born and raised in Hong Kong for a number of years. Everytime I come back for business or family and swing by ADs it is the snobbiness that turns me away, or the inflated prices. Totally the opposite in Japan, where everyone is welcome and inspecting or trying on watches is common if not implored upon you. Had an excellent experience at Jackroad and numerous other shops at Nagano Broadway last week when I flew to Japan for a quick vacation.

Tldr, if you aren't a foreigner or speak Mandarin or look like you're from the Mainland, be prepared to have a somewhat cold reception. Oh and no discounts generally, none on SS and around 5-10% on PM or less desirable OPs.

[ICUdR]

Originally Posted by ROLEX MAN

The shops are on Nathan Rd. main rd in Hong Kong, this particular shop was the largest that I came across, it had "ONLY" Rolex and Rows upon Rows of them rough guess 1500 of them!

In Macau there are smaller S/H shops, everywhere!! (every 20th shop)

Macau is gambling capital! (larger than Vegas!)

No shortage of any model.

What surprised me the most was no replicas!

This is another Pix of one in Macau...........




regards Martin

Originally Posted by kelv_w

Spotted plenty of Rolex on my frequent visits to HK.

Here's a sneaky one on a sales assistant

While on holidays in HK we went to buy a perfume and the sales lady was wearing a sub with date too!

HK is watch heaven indeed..

I bought a Sea Dweller 50th anniversary (126600) and my wife throughout the holidays was like... Look another one like yours hahaha and I was like that's a "regular Sub"!... At least 10 times per day she would point at a sub and make the same comment

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