ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
8 September 2020, 01:20 AM | #1 |
"TRF" Member
Join Date: Dec 2015
Location: US
Posts: 303
|
Am I crazy enough to accept this offer?
Hi guys, do you guys think I am too crazy to buy this 16610LV Kermit, V-series(Year 2010), Full-set, at $17,000? The seller told me that it has never been polised or serviced before. My two important questions are -
1) Do you guys think the price is too much for a 10-year old watch? 2) Do you guys think this one is in mint condition and unpolished? |
8 September 2020, 01:23 AM | #2 |
2024 Pledge Member
Join Date: Nov 2010
Location: North Carolina
Watch: Rolex/Others
Posts: 44,325
|
1. Yes
2. Can not tell. There are a lot of other watches out there that you can put 17k on and not have those questions. |
8 September 2020, 01:23 AM | #3 |
Banned
Join Date: May 2020
Real Name: Ollie
Location: UK
Watch: Sub, Exp, DJ & Pam
Posts: 1,664
|
No it's not in mint condition, mint condition would mean no scratches.
|
8 September 2020, 01:23 AM | #4 |
"TRF" Member
Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,755
|
It looks very nice.
__________________
GMT II 16710 TRADITIONAL ( D- Serial #) ROLEXFANBOY P-Club Member #4 |
8 September 2020, 01:25 AM | #5 |
"TRF" Member
Join Date: Nov 2006
Real Name: Antonis
Location: Cyprus
Posts: 82
|
Thats a crazy price for a 10 year old SS Rolex.
|
8 September 2020, 01:27 AM | #6 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
|
Holy moly, I don’t want to be speculative but if this market does come back to reality, these prices are going to be eye watering. This watch used to sell for peanuts compared to that, even a mere 6-7 years ago. Same thing with the 5 series Pepsi/coke.
Buttttt your money your watch! |
8 September 2020, 01:28 AM | #7 |
"TRF" Member
Join Date: Dec 2015
Location: US
Posts: 303
|
I know it's crazy..the price has gone up so high..
|
8 September 2020, 01:29 AM | #8 |
"TRF" Member
Join Date: May 2009
Location: US
Posts: 2,692
|
nowadays the prices for almost all desirable models in the grey market look crazy, and the prices changing every week going up. Prices will be high and unlikely to change in the near future .
|
8 September 2020, 01:30 AM | #9 |
"TRF" Member
Join Date: Feb 2019
Real Name: William
Location: Houston Texas
Watch: Rolex Datejust II
Posts: 761
|
There is no way....to many other options
__________________
Citizens Eco-Drive BL1258-53L Rolex DJII 116334, Tudor Heritage Black Bay 79230R Omega Seamaster Aqua Terra GMT 231.13.43.22.02.004 Ulysse Nardin Marine Torpilleur 1183.310/40 MAS Irukandji Vostok Komandirskie B&R BR0392-D-G-BR/SCA Vostok Komandirskie (Tank) South Bend Model 1 #716632 Vostok Amphibia (Sub) |
8 September 2020, 01:32 AM | #10 |
Banned
Join Date: May 2020
Location: USA
Posts: 1,137
|
I can think of dozens of watches I would purchase over that one for $17,000.
|
8 September 2020, 01:34 AM | #11 |
"TRF" Member
Join Date: Dec 2015
Location: US
Posts: 303
|
What would be other options at $17K? Can't think of many..
|
8 September 2020, 01:41 AM | #12 |
"TRF" Member
Join Date: Feb 2020
Location: New York
Posts: 699
|
|
8 September 2020, 01:43 AM | #13 |
"TRF" Member
Join Date: Jun 2019
Location: New England
Watch: BLRO;PP5230G
Posts: 544
|
I would hold off, I don’t even think that is flat “4”
|
8 September 2020, 01:44 AM | #14 |
"TRF" Member
Join Date: Dec 2008
Location: nyc
Posts: 1,747
|
$17k today. $20k next year? Who knows. It’s not mint but it’s in very good condition specially it has not been polished. If you can afford it, why not. Flat 4 are going for a lot higher. DavidSW is asking over $20k for a hulk. So $17k isn’t so bad if the watch has no dings.
|
8 September 2020, 01:44 AM | #15 |
Banned
Join Date: May 2020
Location: USA
Posts: 1,137
|
Trade in that Daytona, Sub, and GMT2 you have for a PM piece
|
8 September 2020, 01:50 AM | #16 |
Banned
Join Date: Jul 2019
Location: Charlotte
Posts: 647
|
For a few thousand less I would buy a new Speedy 321.
|
8 September 2020, 01:50 AM | #17 |
"TRF" Member
Join Date: Jun 2017
Real Name: Vince
Location: PA
Watch: BLNR
Posts: 671
|
For $17k I think it would be time to move on and look at other options, but that's just me
|
8 September 2020, 01:52 AM | #18 |
"TRF" Member
Join Date: May 2015
Real Name: Mitch
Location: UAE
Watch: Big Ben
Posts: 2,442
|
Thats a lot of money for a green bezel. You do realise thats what you are paying for here.
Have a look at a 10yr old Sub with black bezel insert.
__________________
IG: @watch_idiot_savant |
8 September 2020, 01:52 AM | #19 |
"TRF" Member
Join Date: Apr 2015
Location: India
Watch: BLNR
Posts: 17
|
Not a good buy..
|
8 September 2020, 01:54 AM | #20 |
"TRF" Member
Join Date: Dec 2015
Location: US
Posts: 303
|
both
|
8 September 2020, 01:55 AM | #21 | |
"TRF" Member
Join Date: Apr 2020
Real Name: Jerry
Location: New Orleans
Posts: 693
|
Quote:
This
__________________
♛ 116610LN ♛ 116500LN White ✥ 5167A |
|
8 September 2020, 02:04 AM | #22 |
"TRF" Member
Join Date: Jan 2008
Real Name: Kurt
Location: Philly Burbs!!
Posts: 3,296
|
This is always a difficult topic but here’s my and I hope this helps...40 years ago or so, a 16610 cost you about $1200 from an AD. That same watch (from that time period) today sells for @ $7-$10,000 on the secondary market, depending on overall condition, and in some cases, even higher. 20 years ago, that MSRP was closer to $5000, and could be bought at a discount. Now, that watch ranges $10-$12,000 and are available in a much higher quantity. Overall though, the rarer the watch, the more someone is willing to pay for it - even in SS. Look at the 5711. MSRP is just shy of $30,000, yet people spend more than double, and even close to triple, on the secondary market because it is a rare, exclusive watch. Now, the LV isn’t necessarily “exclusive,” but it is rarer than most, and prices for it will always be abnormally high. With the exception of the Pepsi, that seems to have settled in @ $17 - $18,000, prices almost never go backwards. Even if the market crashes, it doesn’t stay there, and usually bounces back better than before. Long story short, if you have the means, buy the watch. Don’t get caught up in the resale value. Capitalism will always push the economy forward, even during/after turbulent times. And with inflation, you’re almost guaranteed not to lose your money on this watch. Buy it, enjoy it, and don’t look back! All the best my friend -
__________________
“This is your last chance. After this, there is no turning back. You take the BLUE pill - the story ends; you wake up in your bed and believe whatever you want to believe. You take the RED pill - you stay in Wonderland, and I show you how deep the rabbit hole goes.” Rolex Submariner 116610LV Hulk | Rolex GMT 16710 Pepsi | Omega Speedmaster “Speedy Tuesday” | Tudor Black Bay 79220R “ETA Rose” | Tudor Pelagos Blue Dial | Rolex Submariner Yellow Gold 116618LB | Rolex Milgauss “Z-Blue” 116400GV |
8 September 2020, 02:13 AM | #23 |
"TRF" Member
Join Date: Dec 2014
Location: New Jersey
Posts: 610
|
Not sure if serious... Paul Newmans are 50+ years old, big crown subs are even older, do you know what they are going for? Cannot assess the price based on its age, especially in watches.
I actually don’t think it’s a crazy price. If you like it, go for it. The condition is great btw. |
8 September 2020, 02:19 AM | #24 | |
"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,807
|
Quote:
Absolutely this. Buy the right watch, keep it, enjoy it, forget about resale values. 5 digits will keep rising in my eyes. Especially the unpolished and well looked after full sets. |
|
8 September 2020, 02:38 AM | #25 |
"TRF" Member
Join Date: May 2017
Real Name: Louis Nick Ric
Location: Michigan, USA
Watch: Blnr, Expll, Subs,
Posts: 10,159
|
It looks good to me as far as i can see from your pics, can't say if it's mint though. The price seems to be in line on today's market for a full set, if not a first year 03 anniversary flat four then I would rather go for the last year of production like this, so the money seems relevant. Again, as far as the price goes thats your decision if you've been shopping I'm sure you have a good idea. They don't make these anymore so...
Sent from my SM-G970U using Tapatalk |
8 September 2020, 03:05 AM | #26 |
"TRF" Member
Join Date: Aug 2010
Real Name: Ben
Location: Ireland
Watch: 1 OR 2
Posts: 2,635
|
You cant get Kermits or Hulks for small money anymore. Expect to pay this and more for these refs. This example looks in good worn condition. Its 10 yrs old and not a safe queen.
|
8 September 2020, 03:08 AM | #27 |
"TRF" Member
Join Date: Jun 2013
Location: Here
Posts: 4,504
|
I wouldn’t pay anywhere near that for a non flat 4. Go find a really collectible flat 4 example.
Sent from my iPhone using Tapatalk |
8 September 2020, 03:46 AM | #28 |
Banned
Join Date: Jul 2008
Real Name: Wade
Location: TN
Watch: 116619
Posts: 2,659
|
Granted, the price has risen dramatically, but that seems a little steep for that reference. If I was you, I'd shop around and save a few grand. And that is definitely not "mint" condition, nice, but not mint. Good Luck
|
8 September 2020, 05:18 AM | #29 | |
"TRF" Member
Join Date: Nov 2006
Real Name: Antonis
Location: Cyprus
Posts: 82
|
Quote:
|
|
8 September 2020, 05:24 AM | #30 |
"TRF" Member
Join Date: Mar 2010
Real Name: Adam
Location: Costa Blanca,
Watch: YMII,GMTII,DAYTONA
Posts: 5,288
|
Full set - $17,000 is now the asking price.
Indeed I am seeing over $20k for HULK mint
__________________
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill "We judge ourselves by what we feel capable of doing, while others judge us by what we have already done." |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
Display Modes | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.