Hulk Price

[heath.1967]

knowing that hulk is not discontinued,will the price hold up,goes down or goes up ? i think down about 1500USD. few Grey market sellers in my region hold their hulk from sales.

[bezler]

Down. It's way overpriced right now.

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[Indepth]

This is an interesting thought. Amidst all of the disappointed Basel threads this is one that might fly under the radar but probably is the most unique question we’ll see on the forums for a good few days.

I have no answer but as someone that would like to own a LV one day it makes me happy to see it still around for another year.

[1665fan]

Who cares it’s a watch worth 10k....wear it

[doboy007]

It’ll go up cause it’ll get discontinued next yr, haha

[peterpl]

I know a handful of people that bought the LV purely for the gamble that it was going to be discontinued at Basel.

2 of them already has them up for sale now at lower than they bought it for. LOL

[doboy007]

Originally Posted by peterpl

I know a handful of people that bought the LV purely for the gamble that it was going to be discontinued at Basel.

2 of them already has them up for sale now at lower than they bought it for. LOL

Lol. Stupid way to make a few bucks.

[Hotrod297]

Hang on to it, and enjoy it.

The Subs will be upgraded to the new movement soon. I expect the Hulk will make it's exit then.

[peterpl]

Originally Posted by doboy007

Lol. Stupid way to make a few bucks.

Yep. I told them that when they asked me initially. They got sucked in by the hype and now will be losing I reckon at least $1k from their buy price.

Add to that the headaches of finding a buyer. listing it, messaging 1000 low ball offers - nah no thanks. Not worth to do these kind of things.

[bazin]

Originally Posted by peterpl

I know a handful of people that bought the LV purely for the gamble that it was going to be discontinued at Basel.
2 of them already has them up for sale now at lower than they bought it for. LOL

I consider the higher prices and the (temporary) less availability of the 116610LV / Hulk as a "passing event".....which is caused by the success of the Kermit/16610LV
A couple of years after its introduction in 2003 the Kermit / 16610LV showed a constant price increase over the years up till now and this still has not ended.
Untill 2-3 years ago the Hulk / 116610LV was widely immediately available with attractive discounts.
It seems to me that Rolex buyers interested in green models have noticed the considerable price increase of the Kermit (which was discontinued in 2010) from NOS $ 4.500 in 2003 to $ 22.000,- point four /, 26.000,- Fat Four and probably that they hope to see a repeat of the Kermit's tremendous price increase.
Imo this is a false hope as the history and reason of the 16610LV introduction (50 years anniversary of the Submariner) is unique and non repeatable with it's typical Submariner (o.a black matte dial) elements combined / stipulated with it's unique Rolex-green bezel.
The Hulk on the other hand was a simple / expected (standard) successor of the Kermit; not sharing it's unique heritage.
I believe that the price increase of the Hulk which took mainly place in an accelerating manner only during the last couple of years (in which on the other side the strong price increases of the Kermit were widely noticed by potential green buyers) therefore soon will fade as it is only more or less a simple, for some people attractive full green model.

[glamorama]

Question is.. buy a fat case Hulk now or wait until next year for a new version?

[1William]

Now that Basel is over some prices will adjust downward. The Greys will not do it all at once as they do not want to be seen as manipulating the market. The time in the few weeks or month before Basel has seen certain prices move up on hot watches. I expect the Hulk will move 10% or more down.

[HappyFish]

Models i like i dont wear before i have 2 of themes - one to wear, one to collect. With the fat cases its easy for me - i just buy them to store in unworn conditions for many years - maybe for my lifetime! Its like arts for me - than more you have, than more you have to store as the walls are limited!

[lhawli]

I’d be happy with my Hulk even if they don’t discontinue it and introduce the 3235 caliber. My prediction is if they do introduce the new caliber in the Subs, the LV will be out.

The 3135 is iconic and is true and tested. Not saying the 3235 isn’t better, but something about owning a special Sub with a legacy caliber such as the 3135 is nostalgic to me personally.

That will drive prices up imho.


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[peterpl]

Originally Posted by 1William

Now that Basel is over some prices will adjust downward. The Greys will not do it all at once as they do not want to be seen as manipulating the market. The time in the few weeks or month before Basel has seen certain prices move up on hot watches. I expect the Hulk will move 10% or more down.

Thats the exact words these guys are saying now hence why they've already listed for sale. In a few months LV prices will drop almost certain and they dont want to be stuck with a watch they never liked in the first place.

it was purely a gamble speculative play in the hope to make a quick $1-2k which obviously have backfired and didn't work out.

I dont even know why people bother for such small amount of potential profit.

[HappyFish]

As Bucherer (Tourneau) will enter into the secondhand (grey) market this summer - i bet all my Rolexes that the prices will rise even more - for all saught after models!

[lawrence1]

Originally Posted by HappyFish

As Bucherer (Tourneau) will enter into the secondhand (grey) market this summer - i bet all my Rolexes that the prices will rise even more - for all saught after models!

What’s the logic behind that? Genuinely curious.

[HappyFish]

https://www.handelszeitung.ch/untern...d-business-ein


....with Google it`s easy translated!

Ok. here we go:

The most important watch retailer in the world is also entering Europe's huge second-hand luxury watch business - a turning point.

Marcel Speiser
By Henning Hölder and Marcel Speiser
on 13.03.2019
New York , Avenue of the Americas : Right next to Bryant Park in Midtown Manhattan, watch retailer Tourneau buys customers. He has all the ranks and names in the industry: Rolex , Omega , Patek Philippe , Cartier , Breguet, TAG Heuer . A special feature of Tourneau: The shop sells not only new watches , but also second-hand cars. Certified second-hand.

Tourneau is Bucherer . The world's most important watch retailer headquartered in Lucerne has bought the renowned American chain in early 2018 - the largest retailer of luxury watches and the most important second-hand dealer in the USA .

The leap of the Lucerne over the big lake radiates one year after the assumption into Switzerland and to Europe back. As research shows, Bucherer is about to enter Europe's second-hand business. "That's right. Bucherer is also entering the business of certified pre-owned watches in Europe, "confirms Jörg Baumann, head of marketing and communications at Bucherer.

However, he does not want to reveal more than that: "It's still too early to go into the details." It is to be heard that the starting signal in Europe will be given this early summer.

CPO as a hot watch theme
Certified pre-owned or CPO has been a hot topic in the watch industry for a good two years. First, because the market is at least as big as that for new watches , if not bigger. Second, because the market is growing at a rapid rate. Third, because watch lovers put in part huge sums of money for wanted models on the table. And fourth, because traders and manufacturers are looking for ways to drain the uncontrolled gray market .

The fact that Bucherer, the world's most important watch retailer and, at the same time, the largest Rolex dealer in the world, puts great emphasis on the CPO business, is a turning point. The move gives the second-hand market an unprecedented level of seriousness in one fell swoop. After all, the name Bucherer has stood for a close partnership with the industry for over 130 years.

The reputation of the dealer leads the second-hand market finally out of the supposed dirty corner. Bucherer is not the first player in the CPO market. But the one who can shape him because of his size and his longstanding relationship with the brands.

Responsible for the CPO rollout at Bucherer is Odilo Lamprecht, an experienced e-commerce professional from Switzerland . Lamprecht moved from Migros to Bucherer a year and a half ago and has been working on the project since last September. Also directly involved is Heinz Krienbühl , another e-commerce specialist in the service of Bucherer. But one thing is for sure: the Lucerne will not only offer their second-hand offer online, but also, based on the Tourneau model, in their 34 boutiques throughout Europe .

Partnership with Chronext?
Bucherer may be working to launch the CPO business with a startup already established on the market: Chronext , headquartered in Zug and headquartered in Cologne, Germany (see box). At any rate, it can be heard that representatives of the two companies have recently met both in Lucerne and in Cologne . Neither Bucherer nor Chronext want to comment on this. Some market observers even talk about the fact that the companies are not only aiming for a loose partnership, but that Bucherer could join Chronext .


Alternative to Chrono24, Watchfinder, Stockx & Co.
So far, the online sale of second-hand luxury watches has been dominated by platforms such as Chrono24 , Chronext , Watchfinder , Watchbox, Stockx or Truefacet (see box). In the watch industry, however, many of these platforms are still stamped on the gray market today. In other words, the sale of original watches at low prices via non-licensed dealers or from private individuals to private individuals.

But since Audemars-Piguet boss Francois-Henry Bennahmia's CPO called the "next big thing" around a year ago, manufacturers and retailers are interested in the topic. Because the word of Bennahmias has weight in the industry. AP is currently conducting CPO tests in boutiques in Switzerland and the US , with Oris doing the same in Zurich and Basel . The French luxury goods group LVMH , to which watch brands such as TAG Heuer , Hublot or Zenith In the spring of 2018, plans announced that they would soon be building up a suitable platform for «one or the other brand». Also Breitling CEO Georges Kern said in principle positive about a future CPO business, but has not yet launched any concrete projects.

In the summer, the Geneva luxury goods company Richemont , which includes brands such as IWC , Jaeger-LeCoultre and Cartier , was really serious: In a small but relevant deal , the Geneva acquired the British watch platform Watchfinder . It has its own 200-strong watch workshop where watchmakers check and certify used watches .

Bucherer is the turbocharger
Watch expert Oliver Mueller of Luxeconsult says: "The brands are slowly realizing that there is a huge market whose volume depends on the sales in the primary market ." How big the secondary market of luxury watches is exactly can not be reliably quantified. According to estimates by Kepler Cheuvreux and Bain, the worldwide second-hand market amounts to 15 to 20 billion francs - with a primary market of 40 to 50 billion francs.

However, estimates point to a much larger volume of the second-hand market. Numbers in the hundreds of billions make the rounds here. Expert Müller is convinced: "The secondary market in the watch business is many times larger than the primary market ." According to a study by Vontobel analyst René Weber , the CPO market has shown growth rates of over 30 percent in recent years. Above all online, the CPO business with luxury watches promise enormous growth potential - and are just beginning to gain momentum. The entry of Bucherer is the turbocharger.

[NYG1121]

The price isn’t going to change unless sudden increase in supply

[Harry-57]

I don't care what it does. I wouldn't mind if some gougers got burnt. It might discourage future greed (unlikely).

I think the asking price will stabilise around where it is now, maybe plus or minus a bit. I don't see the steep climb of recent months continuing.

But who knows?

[Jojoshop]

The gray market will in away control the price and will stay up for sometimes. Large companies such as DavisSW set margin and return in each piece. They have the luxury to wait for a buyer for sometime and this is the same behavior for other companies. They are watching each other, monitoring prices and moving in a way to keep their margin high. Nothing is wrong with that, it is just business.
The demand is high and will continue to surpass availibility. That will always work on their favor.
The only time I see prices go down is when Rolex flood the market, highly unlikely, or a severe recession , not something anybody should wish for.
So I won’t be holding my breath. I set my own price on what that piece is worth and be patient. I will only buy Hulk if the price is in the $10k or straight from an AD and I could wait for several years if necessary.

Apologies in advance for any misspelling , don’t have my reading glasses :-‘

[vivicorsi]

Gotta love the hulk
Prices will start to rise again before next Baselworld , only a matter of 1-2 years till it will be discontinued.

[Duende01]

Could this just be a calculated move by Rolex to keep the watch in their catalog to bring the grey market dealer prices down closer to MSRP? All they have to do is keep the reference active for another year and not ship any out to ADs. Once supplies dry up at the lower pricing, then they can either discontinue the reference all together or release an updated move for the sub line next year.

[KVNNSCHNG]

Originally Posted by heath.1967

knowing that hulk is not discontinued,will the price hold up,goes down or goes up ? i think down about 1500USD. few Grey market sellers in my region hold their hulk from sales.

I’m of the opinion that Hulk pricing will hold steady or possibly increase (albeit slowly / a small increase). This due in part to a lack of hot models being released at Basel 2019 (I think WIS will look back to previous / currently popular models as a way to scratch their itch) and a lack of increased supply vs. global demand. As long as hotter models don’t come out and the supply vs. demand issue continues I can’t see prices coming down. Just my thoughts.

[Mohawkman450]

Hulks are rare !at least in my area . I live in Canada an been collecting fir 10yrs now ! . I scored a hulk right before Xmas in one of Canada’s major city’s at an AD for retail . I’ve bought from all the dealers in the area “ past an present” over the years an to my knowledge from what I’ve collected through speaking to all the AD’s” past an present” in my area . This was fist hulk in 3+yrs that any of them heard of or seen . One well know AD in my area that I try a do most my buying at told me they haven’t sold one in or seen one in 3yrs . Just a bit of food for thought I found that pretty interesting thanks ����

[Swaye]

Total semi-educated guess here but my guess is the Hulk's massive rise is over, as a green watch has a somewhat more limited market, and there are certainly speculators that now need to be worked out of the market. But, even if it drops from 13.5K to 12.5K (or whatever) that would likely just be a short term correction and pre-Basel next year prices will be right where they were this year.

I think most of us feel relatively certain this will go away one day, and probably in the next two to three years. If it does, it will always be a special Rolex for those who want them, and while it will probably never be crazy like a Daytona, I could see the price always staying over MSRP due to the unique nature of the watch. Plus, it is an absolute stunner.

My thoughts anyway.

[gaeleus]

Originally Posted by HappyFish

Models i like i dont wear before i have 2 of themes - one to wear, one to collect. With the fat cases its easy for me - i just buy them to store in unworn conditions for many years - maybe for my lifetime! Its like arts for me - than more you have, than more you have to store as the walls are limited!

Are you serious??

[Rrpdc]

Originally Posted by peterpl

I know a handful of people that bought the LV purely for the gamble that it was going to be discontinued at Basel.

2 of them already has them up for sale now at lower than they bought it for. LOL

too funny

Awful color to me. Green on Tudor is much better.

[redsubby]

stupid people buying up these watches in hoping to make few quick bucks, driving up the pricing and taking away chances for those who really like the watch.

[SN13]

So, the hulk is not rare.

There are hundreds for sale at inflated costs "used".

These people aren't owners wanting to sell a watch they are all speculators.