ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
23 March 2018, 05:08 AM | #1 |
"TRF" Member
Join Date: Mar 2018
Location: Singapore
Posts: 14
|
The 20k USD GMT II
Hi all
Given the current state of things with those impossible waiting lists and growing frustration from buyers it still amazes me that Rolex wont increase the price of the GMT massively to curb demand. Cant offer any detailed sensitivity study on it but id say 20k USD for the new Pepsi and they'd still be able to sell them all while not making it insanely hard and annoying to procure. What do you think? Would a pricelist of 20k put you off from buying a Pepsi? |
23 March 2018, 05:09 AM | #2 |
"TRF" Member
Join Date: Jan 2009
Real Name: Larry
Location: Kentucky
Watch: Yes
Posts: 34,479
|
Yes. Yes it would. Especially since I already own one.
Seriously, for 20k, I'm thinking PM. |
23 March 2018, 05:09 AM | #3 |
2024 Pledge Member
Join Date: May 2009
Real Name: Rick
Location: Texas
Watch: 15 and counting!
Posts: 3,474
|
Made a mistake, thought you were talking about the WG GMT. I would not pay 20 K for a SS watch.
|
23 March 2018, 05:11 AM | #4 |
"TRF" Member
Join Date: Nov 2016
Real Name: David
Location: Home
Watch: Classics
Posts: 773
|
You can get what you want from a grey dealer...especially if willing to pay 20K for a steel GMT
|
23 March 2018, 05:12 AM | #5 | |
"TRF" Member
Join Date: Jun 2015
Location: USA
Watch: All
Posts: 4,939
|
Quote:
Joking aside, the number of people willing to pay that price is limited overall. Rolex would do themselves a tremendous disservice to overprice a watch in that manner. The industry is quite competitive and getting smaller. |
|
23 March 2018, 05:12 AM | #6 |
"TRF" Member
Join Date: Jun 2017
Real Name: Ken
Location: Europa
Watch: 216570
Posts: 693
|
Would make the wait shorter.
__________________
"My center is yielding, my right is retreating. Excellent situation, I am attacking" Ferdinand Foch |
23 March 2018, 05:13 AM | #7 |
"TRF" Member
Join Date: Oct 2017
Location: SD, CA
Watch: BLNR/LVc/SkyD/ND41
Posts: 2,519
|
Hell no I wouldn't pay $20K for that watch. I would rather pay $20K for white Daytona.
|
23 March 2018, 05:14 AM | #8 |
"TRF" Member
Join Date: Aug 2016
Location: Chicago
Watch: Daytona
Posts: 5,380
|
I'd guess $20k is too high, since WG GMTs were selling in the low 20s. But $12k would probably work for them. I too can't believe they aren't planning a big across the board price increase, well, at least for SS.
__________________
Datejust w/black Tapestry dial (1985) / Daytona (2016) |
23 March 2018, 05:15 AM | #9 |
"TRF" Member
Join Date: Mar 2017
Real Name: Patrick
Location: Carlsbad, NM
Watch: GMT-SUB-MIL-PAM159
Posts: 38
|
Honestly, i would wait for the right time. its not going anywhere.. I would go for MSRP. I'm happy this pepsi came out, looking forward to have them in 2-3 years..
|
23 March 2018, 05:15 AM | #10 |
"TRF" Member
Join Date: Feb 2018
Location: LA
Watch: RLX, ALS
Posts: 3,410
|
I like the watch a lot. I put my name down on the list with my AD. That being said, I will not pay a dollar more than MSRP + tax for this one...
Crazy to think that the trending price for this thing will be that close to the current grey prices for a Daytona (which would imply a higher % premium over list MSRP) and in excess of grey prices for SS Sky Dwellers. |
23 March 2018, 05:15 AM | #11 | |
"TRF" Member
Join Date: Jan 2017
Location: Earth
Posts: 2,443
|
Quote:
They didn't make a name for themselves by making unobtainable watches that cost near $10k.
__________________
Blancpain | Chopard LUC | Grand Seiko/King Seiko | Grönefeld | Laurent Ferrier | Moritz Grossmann | Omega | Trilobe | Urban Jürgensen instagram.com/ct_watch_guy |
|
23 March 2018, 05:17 AM | #12 |
"TRF" Member
Join Date: Aug 2011
Real Name: Josh
Location: Lost in time
Watch: Me Nae Nae
Posts: 9,821
|
The price will be set by the first gray dealer and what he decides to list it at. My guess is less than 20k for the first one. BUT, if supply remains low it wouldn't surprise me to see them move up to close to that. It looks like the Daytona just cracked 20K.
__________________
"Sometimes the songs that we hear are just songs of our own." -Jerome J. Garcia, Robert C. Hunter |
23 March 2018, 05:17 AM | #13 |
"TRF" Member
Join Date: Mar 2018
Location: Singapore
Posts: 14
|
I understand that, but grey doesn't make money for Rolex itself. Im sure they are well aware of resale prices of their watches, but the fact that they do nothing to turn the extra revenue to them is still..odd...
|
23 March 2018, 05:19 AM | #14 |
2024 Pledge Member
Join Date: Jan 2013
Location: NWA, USA
Watch: BLRO/Daytona/OP41s
Posts: 4,950
|
I think people are seriously overestimating what the early adopter premium might be for the SS Pepsi GMT. I can see greys selling for maybe $11-12K early on but I'd be really shocked to see $20K.
And no I don't think it would be wise for Rolex to ask that for them. |
23 March 2018, 05:25 AM | #15 | |
"TRF" Member
Join Date: Jun 2015
Location: USA
Watch: All
Posts: 4,939
|
Quote:
|
|
23 March 2018, 05:28 AM | #16 |
"TRF" Member
Join Date: Jul 2009
Location: USA
Watch: 1665
Posts: 4,741
|
Ok in the 10-12k range but 20k definitely would put me off.
__________________
He could not just wear a watch. It had to be a Rolex. Ian Fleming |
23 March 2018, 05:29 AM | #17 | |
2024 Pledge Member
Join Date: Apr 2008
Real Name: jP
Location: Texas
Watch: GMT-MASTER
Posts: 17,195
|
Quote:
__________________
Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics. |
|
23 March 2018, 05:30 AM | #18 |
"TRF" Member
Join Date: Nov 2017
Location: California
Watch: 116710LN
Posts: 70
|
For 20K I'd rather keep saving for a full PM GMT.
|
23 March 2018, 05:34 AM | #19 |
"TRF" Member
Join Date: Aug 2015
Location: Houston
Watch: SkyD, SD43, GMT2
Posts: 4,975
|
$20,000 for a SS Rolex is Patek, Lange, FPJ, and a few others territory. I’d choose one of those. Especially since I have two SS Rolexes, a GMT I bought for under $8K (Caribbean) and a SD43 I bought at retail.
I’d never pay $12,000 more for the SS BLRO GMT than my LN. jubilee... whoopee. New movement, OK but it isn’t $12,000 better than the movement I have now. Sent from my iPhone using Tapatalk |
23 March 2018, 05:36 AM | #20 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,556
|
If you're at 20k for the SS version, you might as well buy the PM BLRO, as I'm sure those will go down to the 22-23k range.
__________________
|
23 March 2018, 05:36 AM | #21 |
"TRF" Member
Join Date: Mar 2010
Location: Chicago
Watch: 16750/16800/126710
Posts: 1,400
|
|
23 March 2018, 05:39 AM | #22 |
2024 Pledge Member
Join Date: Jan 2016
Location: San Diego, CA
Posts: 12,356
|
Agreed. Rolex knows their market very well and prices things accordingly. They want the mystique/prestige and they always want demand to outdo supply if possible at this point.....but they won't get to these price levels because they know they'd be competing with Patek/AP/Vacheron at that point....and that's not the space they play at.
|
23 March 2018, 05:40 AM | #23 |
"TRF" Member
Join Date: Sep 2015
Real Name: Brandon
Location: Los Angeles, CA
Watch: Yes Please!
Posts: 6,690
|
I guarantee DavidSW who will probably have the first one for sale on the forums. Sells it somewhere between 18K-22K.
It happened with the Daytona C.
__________________
Rolex GMT Master II 116710LN Panerai PAM 359 Audemars Piguet RO 15300OR Follow me on Instagram: @b_jakobovich |
23 March 2018, 05:41 AM | #24 |
"TRF" Member
Join Date: Jan 2009
Location: Dallas
Watch: 12800ft = 3900m
Posts: 11,172
|
I wouldn't even consider it. I want a Daytona more and won't pay the cartoon prices for that one.
|
23 March 2018, 05:41 AM | #25 |
"TRF" Member
Join Date: Dec 2013
Location: Wild Blue Yonder
Watch: 116710 LN
Posts: 1,613
|
|
23 March 2018, 06:39 AM | #26 |
2024 Pledge Member
Join Date: Oct 2014
Location: Florida/Canada
Posts: 1,278
|
I would never pay more than double for any watch! If it's a grail piece which is hard to obtain, I might go 10% above MSRP. But $20,000 for a SS Rolex? No way! Besides, at that price point, I would rather get an AP, Patek or F.P Journe to name a few.
|
23 March 2018, 06:44 AM | #27 |
"TRF" Member
Join Date: Jan 2011
Location: Socal/LA
Watch: 116610LN Ceramic
Posts: 3,214
|
In all seriousness even 9k is a bit overpriced compared to likes of Tudor.
__________________
♛ Sub 116610LN 2011 ♛ GMT 126710BLNR 2021 ♛ GMT 126711CHNR 2020 ♛ Datejust 16233 X-series 1993 Ω Speedmaster Mitsukoshi 2019 č Cartier Tank w5200025 2021 |
23 March 2018, 06:49 AM | #28 |
"TRF" Member
Join Date: Dec 2017
Location: New Orleans
Posts: 1,153
|
How bad were the ceramic daytona's when they first hit GM/fleabay? I think these will be 18-20k and take at least a year to get to 15k-ish
|
23 March 2018, 06:51 AM | #29 |
"TRF" Member
Join Date: Oct 2013
Location: Canada
Watch: Rolex, JLC, etc
Posts: 354
|
we will see when the first posts hit the for sale section
|
23 March 2018, 06:55 AM | #30 |
2024 Pledge Member
Join Date: May 2008
Location: New Jersey
Posts: 6,601
|
$20K for a SS Watch?!! Are we talking dollars? No way I’d pay that much for a SS piece.
However, others may be willing to pay the steep premium. I’d pass at the price point.
__________________
WG SUB-116719 GMT MASTER II 126719 |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.