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messikens · 20 April 2022, 10:28 AM

Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24?

I am well aware of the SS Sports Model craze - hell I am still looking for a semi-affordable BLNR. That said, the OP is THE most basic 3-hander in my opinion (not even including AirKing) and it sells in the mid-20s? The multiple on MSRP is MORE than a Daytona, a Sub or a GMT... have I missed yet another artificial shortage?

inadeje · 20 April 2022, 10:31 AM

I would be useful if you reveal which OP you’re referring to. If it’s the discontinued so called Tiffany color dial then yes, it’s gone stratospheric

dlrolex · 20 April 2022, 11:40 AM

discointued models?

ArtNouveau · 20 April 2022, 02:14 PM

Quote:

Originally Posted by messikens

Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24?

I am well aware of the SS Sports Model craze - hell I am still looking for a semi-affordable BLNR. That said, the OP is THE most basic 3-hander in my opinion (not even including AirKing) and it sells in the mid-20s? The multiple on MSRP is MORE than a Daytona, a Sub or a GMT... have I missed yet another artificial shortage?

You missed the memo but apparently you are referring to the OP41 which retails for $6150. First off they have had a fairly short run so far dating back to just September of 2020. Anecdotally, dealers have not received very many and with seven colored dials, even less of each.
Then just a few weeks ago Rolex discontinued the turquoise, coral red, and yellow dials. They are now selling only black, blue, silver, and green.
They are popular. That’s the memo you must have missed.

shaunylw · 20 April 2022, 02:24 PM

I think with every other model skyrocketing in price, people started buying the OP to flip. You flip it enough, it catches on, and people feel like they are missing out. Like it’s a hot watch. It’s a fine watch, it’s maybe worth msrp. If someone pays chrono24 prices, outside of the Tiffany dial, i think they are going to be extremely disappointed. As others pointed out, it’s a very basic 3 hander.

Sent from my iPhone using Tapatalk

Nairn1980 · 20 April 2022, 04:22 PM

Quote:

Originally Posted by messikens

Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24?

I am well aware of the SS Sports Model craze - hell I am still looking for a semi-affordable BLNR. That said, the OP is THE most basic 3-hander in my opinion (not even including AirKing) and it sells in the mid-20s? The multiple on MSRP is MORE than a Daytona, a Sub or a GMT... have I missed yet another artificial shortage?

Yup, all 36 and 41 OP are over list.
Especially the “colours”

mattidk · 20 April 2022, 04:50 PM

Quote:

Originally Posted by messikens

have I missed yet another artificial shortage?

Where have you been in the past year? :)

minute_man · 20 April 2022, 05:03 PM

OPs (and indeed Rolex in general) being relatively easily attainable, affordable entry level pieces simply followed suit becoming the next target of speculators who were unable to get a hold of other more coveted sports models. Discontinuation of certain colored dial versions only contributed to further raising the hype.

Moondoggy · 20 April 2022, 05:08 PM

What, only 4X....huh

Draper144 · 20 April 2022, 05:49 PM

Are the standard colors (Black, Silver, Blue) more or less attainable since the discontinuation of the Stella dials

Wahlberg · 20 April 2022, 07:41 PM

Why do people keep saying basic 3 handers. Most Rolex watches are basic 3 handers.

ArtNouveau · 20 April 2022, 11:32 PM

Quote:

Originally Posted by Wahlberg

Why do people keep saying basic 3 handers. Most Rolex watches are basic 3 handers.

I’m with you. In my mind the only Rolex models with “complications” are the Daytona and Skydweller, honorable mention to the GMTs. Adding a date or day and date to a three hander watch is hardly haute horology.
Now owning an OP for the first time as my 12th Rolex I get it. Simple, reliable, understated in some colors, whimsical in others. It is kind of sad for newcomers though that the hype hit them so fast.
(Ask any AD and they will tell you the 12 series OPs have been high demand since Day One.)

omx5o · 20 April 2022, 11:35 PM

And houses used to cost $1k, so what's new?

bradastra · 20 April 2022, 11:41 PM

Quote:

Originally Posted by ArtNouveau

I’m with you. In my mind the only Rolex models with “complications” are the Daytona and Skydweller, honorable mention to the GMTs. Adding a date or day and date to a three hander watch is hardly haute horology.
Now owning an OP for the first time as my 12th Rolex I get it. Simple, reliable, understated in some colors, whimsical in others. It is kind of sad for newcomers though that the hype hit them so fast.
(Ask any AD and they will tell you the 12 series OPs have been high demand since Day One.)

I've got to say that while it may not be something I'd buy and wear, reading about how to use the YMII's regatta function was very cool.

askdanny · 21 April 2022, 01:02 AM

Quote:

Originally Posted by messikens

Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24?

Nahhh. There is no evidence they’re selling for that amount. But they are indeed listed for that amount. Keep in mind, the watches you see on Chrono24 are the watches that are *not* selling. Or you wouldn’t see them…

samson66 · 21 April 2022, 01:06 AM

Tiffany OP41 going for $42,000 on David right now. Wild stuff

https://davidsw.com/shop/watch/rolex...uoise-dial-22/

messikens · 21 April 2022, 02:45 AM

Quote:

Originally Posted by askdanny

Nahhh. There is no evidence they’re selling for that amount. But they are indeed listed for that amount. Keep in mind, the watches you see on Chrono24 are the watches that are *not* selling. Or you wouldn’t see them…

That's what I mean. Look I'm not saying it's a bad watch... But the multiple from MSRP is now HIGHER than for a GMT or a Daytona...

If I had the choice to pick a yellow dial OP or a BLRO/BLNR for $26k to me I wouldn't have to think twice.

Not even going to debate the "Tiffany" dial - that's just insane

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drrd · 21 April 2022, 02:54 AM

Quote:

Originally Posted by askdanny

Nahhh. There is no evidence they’re selling for that amount. But they are indeed listed for that amount. Keep in mind, the watches you see on Chrono24 are the watches that are *not* selling. Or you wouldn’t see them…

I think someone else posted about this auction recently. Sold, about $43K:

https://www.watchcollecting.com/for-...ual-41-tiffany

2nastie · 21 April 2022, 03:00 AM

Quote:

Originally Posted by omx5o

And houses used to cost $1k, so what's new?

Well to be fair, that $1k house didn't jump to say $2million over a course of a year.

This isn't inflation.

The current value of the colored dial OPs are just pure hype mixed with the justification from "collectors" that is "super hard to get" since its a short production run.

I like some of dial colors, but the price... absolutely ridiculous even amongst this craze.

Time Out · 21 April 2022, 03:01 AM

I've handled the " tiffany " OP. Its terrible and not even worth the price of admission.

People paying 40k for it are absolutely out of their minds.

drrd · 21 April 2022, 03:08 AM

I don't really see the problem with the high prices.

Even when they were in production they were in high demand and short supply.

Now they're discontinued they're going nowhere but up.

People accept paying $1/2M for a 6538. Why not? They're cool, rare and OOP too.

If anything I see the coral and yellow going much higher. Not only are they seemingly rarer but they're completely gone from the line up.

There's like 30 corals on C24 now, even with the current hype. Surely if there were more people would be selling?

Dougiebaby · 21 April 2022, 03:15 AM

Quote:

Originally Posted by Wahlberg

Why do people keep saying basic 3 handers. Most Rolex watches are basic 3 handers.

Correction: “Most Rolexes are basic 3 handers with dates.”

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ArtNouveau · 21 April 2022, 03:18 AM

Quote:

Originally Posted by bradastra

I've got to say that while it may not be something I'd buy and wear, reading about how to use the YMII's regatta function was very cool.

Oops, forgot that one, but yes very specialized.

Wahlberg · 21 April 2022, 03:26 AM

Quote:

Originally Posted by Time Out

Its terrible and not even worth the price of admission.

What's so terrible? It has an oyster bracelet just like all the other Rolex models and the case is identical to a datejust. So a Datejust is shit as well? A DD is shit as well?

Time Out · 21 April 2022, 04:33 AM

Quote:

Originally Posted by Wahlberg

What's so terrible? It has an oyster bracelet just like all the other Rolex models and the case is identical to a datejust. So a Datejust is shit as well? A DD is shit as well?

The OP feels chincy in the hand and cheap. I fully understand the 6k msrp when holding it.

It feels nothing like my DJ41.

Wahlberg · 21 April 2022, 04:36 AM

Quote:

Originally Posted by Time Out

The OP feels chincy in the hand and cheap. I fully understand the 6k msrp when holding it.

It feels nothing like my DJ41.

Perhaps because the DJ is polished and not brushed but there is barely any difference. That's why the OP is so bang for buck.

I can't say I'm a fan of the DJ41 either, the proportions aren't right.

beshannon · 21 April 2022, 04:40 AM

Quote:

Originally Posted by messikens

Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24?

I am well aware of the SS Sports Model craze - hell I am still looking for a semi-affordable BLNR. That said, the OP is THE most basic 3-hander in my opinion (not even including AirKing) and it sells in the mid-20s? The multiple on MSRP is MORE than a Daytona, a Sub or a GMT... have I missed yet another artificial shortage?

Since buyers are paying

Time Out · 21 April 2022, 04:43 AM

Quote:

Originally Posted by Wahlberg

I can't say I'm a fan of the DJ41 either, the proportions aren't right.

Its perfect for a woman's wrist... which is why I got it for my wife.

askdanny · 21 April 2022, 06:24 AM

Quote:

Originally Posted by drrd

I think someone else posted about this auction recently. Sold, about $43K:

https://www.watchcollecting.com/for-...ual-41-tiffany

Tiffany OPs are a different animal. The post was about OPs in general being in the 20s.

Dealers can't sell them at that price. Email DavidSW and tell him you have an unworn OP for sale. You won't believe how little he'll offer you compared to the (artificially inflated) listed price on his website. That's the real value of your watch.

drrd · 21 April 2022, 06:35 AM

Quote:

Originally Posted by askdanny

Tiffany OPs are a different animal. The post was about OPs in general being in the 20s.

Dealers can't sell them at that price. Email DavidSW and tell him you have an unworn OP for sale. You won't believe how little he'll offer you compared to the (artificially inflated) listed price on his website. That's the real value of your watch.

Turquoise, coral and yellow are the only ones that sell at >4x retail.

'OPs in general' just aren't 4x retail.

DSW has black and silver OP41s at about $11.5K.

20 April 2022, 10:28 AM	#1
messikens "TRF" Member Join Date: Sep 2021 Location: SFO Posts: 1,055	Since when are OP's 4x retail?! Maybe I missed the memo, but how are standard OPs (retail $6,200) now selling for $26k on TRF and Chrono24? I am well aware of the SS Sports Model craze - hell I am still looking for a semi-affordable BLNR. That said, the OP is THE most basic 3-hander in my opinion (not even including AirKing) and it sells in the mid-20s? The multiple on MSRP is MORE than a Daytona, a Sub or a GMT... have I missed yet another artificial shortage?

20 April 2022, 10:31 AM	#2
inadeje 2024 Pledge Member Join Date: Jan 2013 Location: Miami Watch: me lose count. Posts: 5,573	I would be useful if you reveal which OP you’re referring to. If it’s the discontinued so called Tiffany color dial then yes, it’s gone stratospheric __________________ ♛ 116689 ♛ 116500LN Blk ♛ 116500LN Wht ♛ Sky Dweller 326934-003 ♛ 126710BLNR ♛ 126710BLRO - ♛ 126610LV ♛ 16520 ♛ 16523 ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1A-001 - AP 26331ST Panda - Panerai Fiddy 127, Bronzo 671, 687, 111, Ω Speedmaster 1957 Broad Arrow, Daniel Roth Endurer Chronosprint, Cartier Santos XL - ✿ Tudor Black Bay 58 Bronze M79012M, Montblanc TimeWalker Chrono 41

20 April 2022, 11:40 AM	#3
dlrolex "TRF" Member Join Date: Oct 2021 Location: N/A Posts: 248	discointued models?

20 April 2022, 02:24 PM	#5
shaunylw "TRF" Member Join Date: Jun 2013 Location: Here Posts: 4,515	I think with every other model skyrocketing in price, people started buying the OP to flip. You flip it enough, it catches on, and people feel like they are missing out. Like it’s a hot watch. It’s a fine watch, it’s maybe worth msrp. If someone pays chrono24 prices, outside of the Tiffany dial, i think they are going to be extremely disappointed. As others pointed out, it’s a very basic 3 hander. Sent from my iPhone using Tapatalk

20 April 2022, 05:03 PM	#8
minute_man 2024 Pledge Member Join Date: Aug 2015 Real Name: Basil Location: Athens, GR Watch: BoctokKomandirskie Posts: 2,874	OPs (and indeed Rolex in general) being relatively easily attainable, affordable entry level pieces simply followed suit becoming the next target of speculators who were unable to get a hold of other more coveted sports models. Discontinuation of certain colored dial versions only contributed to further raising the hype.

20 April 2022, 05:08 PM	#9
Moondoggy "TRF" Member Join Date: Jan 2015 Real Name: Berty Location: NI/Aust/USA Watch: and wait Posts: 3,127	What, only 4X....huh

20 April 2022, 05:49 PM	#10
Draper144 Banned Join Date: Feb 2022 Location: Brooklyn, NY Posts: 64	Are the standard colors (Black, Silver, Blue) more or less attainable since the discontinuation of the Stella dials

20 April 2022, 07:41 PM	#11
Wahlberg "TRF" Member Join Date: Nov 2011 Location: Paris Posts: 3,549	Why do people keep saying basic 3 handers. Most Rolex watches are basic 3 handers.

20 April 2022, 11:35 PM	#13
omx5o "TRF" Member Join Date: Nov 2013 Real Name: Richard Location: UK Watch: Milgauss GV Posts: 1,611	And houses used to cost $1k, so what's new?

21 April 2022, 01:06 AM	#16
samson66 2024 Pledge Member Join Date: Jul 2013 Real Name: Mike Location: Eastern Shore, MD Watch: my money leaving! Posts: 12,996	Tiffany OP41 going for $42,000 on David right now. Wild stuff https://davidsw.com/shop/watch/rolex...uoise-dial-22/

21 April 2022, 03:01 AM	#20
Time Out Banned Join Date: Feb 2022 Location: MW Posts: 495	I've handled the " tiffany " OP. Its terrible and not even worth the price of admission. People paying 40k for it are absolutely out of their minds.

21 April 2022, 03:08 AM	#21
drrd "TRF" Member Join Date: Jul 2019 Real Name: rd Location: uk Posts: 1,448	I don't really see the problem with the high prices. Even when they were in production they were in high demand and short supply. Now they're discontinued they're going nowhere but up. People accept paying $1/2M for a 6538. Why not? They're cool, rare and OOP too. If anything I see the coral and yellow going much higher. Not only are they seemingly rarer but they're completely gone from the line up. There's like 30 corals on C24 now, even with the current hype. Surely if there were more people would be selling?

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