Is there really a new sub on the forum for 20k ?

[sechsgang]

TBH this is embarrassing...and Im a fan of capitalism and maximizing profit but theres a degree of greed and piggishness from a basic steal submariner being at those levels. You're an IDIOT if you purchase one of these for a price like that, and I'll rarely ever say that.

[RyanJ]

Originally Posted by csaltphoto

This. I was reading some story (I think it was in Wired a few years back) about some VC guys who flew to a meeting in a private jet. The lead guy either forgot his Rolex of choice or decided en-route he needed something different so he sent one of his minions to an AD to buy one. Gave him cash and sizing instructions. This was just to make the right impression for a single meeting.

Around here, this kind of thing is extremely common. There are people who have commute homes. Their 20+ million dollar home is an hour+ away and their 2 million dollar home is 15-20 minutes. They slum it in their cheap home when the traffic gets too bad.

[sgwatchguy]

It’s idiotic. People have too much money and not enough time or brains.

I don’t see a problem with it. If you have the cash and can pay asking price, good for you.

Remember, someone paid $31m for a fugly watch some months ago. Everything else pales in comparison.

[Sixanthonies]

Pretty crazy

[gmtln]

Originally Posted by nr1416

People paying outrageous amounts for the new Sub isn't on these forums. They have money they don't know what to do with and want the latest and greatest. Paying double retail doesn't put a dent in their pockets.

As someone mentioned prices will be high for a year then settle down.

Sent from my SM-G975W using Tapatalk

This.

Social media has given birth to a new type of wealth, and it is these "influencers" who are no doubt the ones who are paying these absurd prices.
However, idiots they are not, as I'm sure with their millions of subscribers/followers, they are making enough revenue to not care. If anything, having the latest and greatest piece, is likely to get them even more views/likes/subscribers/followers which I'm sure, they care more about.

[TswaneNguni]

Most ADs havent even seen one in the metal and its already in the secondary market ..

[TswaneNguni]

Originally Posted by RyanJ

Around here, this kind of thing is extremely common. There are people who have commute homes. Their 20+ million dollar home is an hour+ away and their 2 million dollar home is 15-20 minutes. They slum it in their cheap home when the traffic gets too bad.

Like halfway stations,pitstop at the slum ..

[Danny83]

Too much for a Sub thats not gold or vintage

[iTreelex]

Originally Posted by Bizcut1

Dude. They’re not all fools. Some of them have the means. Easily.

Having the means doesn't equate to being wise but lets keep the topic to watches and not values

[gmtln]

Outrageous! Double retail almost seems like a bargain now.

[007timer]

Originally Posted by TswaneNguni

Most ADs havent even seen one in the metal and its already in the secondary market ..

I picked up a watch yesterday and the Rolex Boutique has not seen the watches in person yet. They told me the Candy colored dials are coming on Wednesday. No word on the rest.


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[brucethemanlee]

Originally Posted by dnd2984

Daytona is still double retail...... If people went to other brands the market price would get to book value. Its FOMO, Flex Culture, Got to have it, etc..... I do hate it when true Rolex fans can't get but its the market.

I wish I bought more apple stock when it was 50% off....

Yes that is the market.

Daytona is still double retail and likely to stay there or increase, i think. Daytona has been out for more than 4 years.

It has ebbed and flowed and thought it was going to crash during covid-19. it dropped a few % but now is back to above pre-covid-19.

$20k for new Sub will come down most likely depending on demand and supply

[brucethemanlee]

Originally Posted by gmtln

Outrageous! Double retail almost seems like a bargain now.

Wow 3x retail is NOT sustainable

[frtorres87]

These prices are crazy. Makes me reflect on my collection and appreciate what I was able to purchase at retail. I’m just going to have to work on my patience because I’m not paying these crazy prices.


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[GradyPhilpott]

As far as I'm concerned any current reference selling for more than MSRP is not for sale.

I don't care what others pay for their watches. I only care about the price I pay for mine and I would rip my left arm from its socket before I would pay that price.

[jb335]

Originally Posted by frtorres87

These prices are crazy. Makes me reflect on my collection and appreciate what I was able to purchase at retail. I’m just going to have to work on my patience because I’m not paying these crazy prices.


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This!

Totally agree, even though it is increasingly hard in this climate to not get caught up in FOMO.

[jb335]

I'm just surprised the first one wasn't from DavidSW.

[Alpino]

Originally Posted by dwjez14

Wow I am shocked someone is asking 20k for a new sub on the forum ? Double retail. I did not think they would be posted for that high of a price. I was figuring maybe 3-5k over.

Don't wait for buying it at this reasonable price ...

When DavidSw will start sell the ones he have, it will be 25k minimum

[JRell]

I mean the watch just came out. If you are a little patient you will get one. Why pay 20k on a sub when you can get a much better watch. I get 20k isn’t that much to everyone, but you would think if someone had money to burn like that they could look at PM, even the 42 mm YM.

[Nikrnic]

It doesn't shock me at all.. They'll come down..All I can say is I'm glad I have a good relationship with my AD, he's helped me get every new piece I've wanted since my 114060, last being the Blnr. I hustled, worked hard and also added a couple used, a 5 dgt, Sub and Gmt. Ok not patting my back too much but I feel it's paid off. Now I'm just sitting back enjoying what I have and watching the show. Not looking to sell anything. No radar out for anything specific to buy but I never know when something may fall my way. Over msrp for new was never in my vocabulary.

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[Bizcut1]

Originally Posted by iTreelex

Having the means doesn't equate to being wise but lets keep the topic to watches and not values

Good point! Well said.

[dimag333]

After seeing that clasp you might need to pay me 20 to wear it

steve

[tomf1994]

Originally Posted by GradyPhilpott

As far as I'm concerned any current reference selling for more than MSRP is not for sale.

I don't care what others pay for their watches. I only care about the price I pay for mine and I would rip my left arm from its socket before I would pay that price.

I agree completely with this. The games that I constantly read about from ADs is just silly. I see it with some cars as well---the local Porsche dealer frantically called me last week to let me know that I can have one of his allocations for a cayman GTS 4.0. Should I feel privileged that I can give you my money?

What is going on with this world? I spend way more money on cars and watches than most people I know, but the great thing about the internet is how sane and logical (and potentially poor, lol) I feel about my decisions after reading about what others are buying. Happy to sit on the sidelines and observe the fray from afar.

[EEpro]

Might as well ask $30K while they're at it.

[ap1]

I’ll take 2

[synrrgy]

People will pay what they're willing to. Just look at how much the 116500 (both white and black dials) as well as the discontinued Hulk has surged in prices.

[iTreelex]

Man, the daytona is chump change compared to this lol. It's like an entry level piece now.

[donas]

Originally Posted by EEpro

Might as well ask $30K while they're at it.

Davidsw isn't far off with the one listed today, lol!! Wow

[EEpro]

Originally Posted by donas

Davidsw isn't far off with the one listed today, lol!! Wow

Lol Can't blame him. He's probably thinking if someone is dumb enough to pay 2x why not 3x?

I paid $23K (via trade of unworn pieces) for a white Daytona but if a previous model was available for MSRP plus $1-2K as the 116610LN is, I sure as hell wouldn't own the newer one.

If things continue at this rate I'll swap my steel Daytona for a solid gold submariner within a year.

[inadeje]

Some people need to have the latest, regardless of the cost...