GMT CHNR Grey price getting outta hand!

[scheneider]

sometimes I wonder how many Grey army dealers are here in the forums, creating false hype etc to boost up their sales? not saying OP is one

[dmash]

Originally Posted by scheneider

sometimes I wonder how many Grey army dealers are here in the forums, creating false hype etc to boost up their sales? not saying OP is one

Have said this multiple times. The grey/ad defending and hype stuff is silly at times. It’s incredibly suspicious

[Hollie_Rollie]

Originally Posted by fixinbones

Dumb is a bit harsh. I would say that the Rolex bubble is never gonna burst. Too many people with the money to afford one combined with supply that is carefully controlled.

I would hardly say that the supply is “carefully controlled”. Most of the in demand inventory ends up with the grey dealers. That couldn’t be more evident this year than in years past.

Rolex is still a mass produced watch.

[holdingon]

Originally Posted by Hollie_Rollie

I would hardly say that the supply is “carefully controlled”. Most of the in demand inventory ends up with the grey dealers. That couldn’t be more evident this year than in years past.

Rolex is still a mass produced watch.

Paid msrp plus tax came out to be 16k...So grey is only 15-20% more than the all in walkout cost from AD. I would not usually suggest paying over retail, but with recent run up in gold price and weaker dollar I fully expect a price increase by 2021 to compensate. Yeah get the watch at the AD if you can over the next few months if not the grey mrkt is not the end of the world.

[steve099]

Originally Posted by Hollie_Rollie

I would hardly say that the supply is “carefully controlled”. Most of the in demand inventory ends up with the grey dealers. That couldn’t be more evident this year than in years past.

Rolex is still a mass produced watch.

circa 2000 watches a day is hardly mass produced, 2000 total not of each model!


i think the source for grays is people selling to grays for instant profits. dealers dont even need to try and sell rolex, it sells itself. the dealers problem is not enough stock.

[Hollie_Rollie]

Originally Posted by steve099

circa 2000 watches a day is hardly mass produced, 2000 total not of each model!


i think the source for grays is people selling to grays for instant profits. dealers dont even need to try and sell rolex, it sells itself. the dealers problem is not enough stock.

Can you cite a source for your 2000 guess? I would like to read up on this

[LDN]

I already have one but planning to get another one and stash it away!

[abhishekd]

Greys seem to be putting up prices of the CHNR at the same level as the Pepsi. I think its just the new demand / supply equilibrium for the CHNR. If CHNRs were priced cheaper than the Pepsi I would imagine alot of people would choose the CHNR over the Pepsi (more value)...
I personally don’t see why the CHNR should be cheaper than the Pepsi...
Having said that I think over the new few years prices for the Pepsi may reduce as Rolex produces more - to me it looks like the Pepsi will be in the Rolex catalogue for many many years... At that point prices of the CHNR will be slightly higher than Pepsi...

[inadeje]

I had a CHNR for about 5 months. It didn’t stay in my collection because it felt like a fad watch to me, and the RG didn’t grow on me. I doubt I’ll ever go RG again on any watch.

[frtorres87]

I’m personally a big fan. I find it to be the best looking of the current GMTs.


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[LDN]

Originally Posted by frtorres87

I’m personally a big fan. I find it to be the best looking of the current GMTs.


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Another gorgeous photo of the CHNR!

[brandrea]

Originally Posted by inadeje

I had a CHNR for about 5 months. It didn’t stay in my collection because it felt like a fad watch to me, and the RG didn’t grow on me. I doubt I’ll ever go RG again on any watch.

It’s a polarizing reference isn’t it?

I think you either bond with the color and it works well with your skin tones or it just doesn’t.

There’s no denying it’s a real beauty though

[holdingon]

Fashion will change on TT/Steel...there is really no wrong Sub/GMTs. Rolex has a lockdown on those two functions in the market. Best of luck...please don't buy and flip. It ruins it for someone who might actually want it in their collection.

[Calatrava r]

Its an interesting concept to discuss what something should sell for. What can that be based on except subjective opinions? The after market price is solely determined by supply and demand and is what it is at any given time. It could stay the same, go up or go down. If and when watches are no longer the cool thing, most Rolex watches will be trading well under MSRP.

[Subdoc]

I’ve been waiting for this piece for a while. Finally got the call from my AD and when I tried it on it just wasn’t for me. Skin tone wasn’t dark enough for it. I still think it’s a beautiful piece and will continue to admire it from a distance.


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[holdingon]

If you want an affordable gmt...get a Tudor Pepsi.

[Tanvo]

Originally Posted by abhishekd

Greys seem to be putting up prices of the CHNR at the same level as the Pepsi. I think its just the new demand / supply equilibrium for the CHNR. If CHNRs were priced cheaper than the Pepsi I would imagine alot of people would choose the CHNR over the Pepsi (more value)...
I personally don’t see why the CHNR should be cheaper than the Pepsi...
Having said that I think over the new few years prices for the Pepsi may reduce as Rolex produces more - to me it looks like the Pepsi will be in the Rolex catalogue for many many years... At that point prices of the CHNR will be slightly higher than Pepsi...

CHNR is cheaper because the demand for pepsi is significant higher. Note that people who are interested in two-tone watches is way lower.

[Lukebennett21]

The greys just push and push and push. All good things come to an end imo.

Edit - honestly some bull markets or inflation related changes seem to have no end. Bizarre times!