Rolex Absurdity
HTML-код
- Опубликовано: 8 сен 2024
- What the hell going on with the Rolex Oyster Perpetual 41 Turquoise? I don't know, but it's absolutely absurd.
Prices for the model are unbelievably high. Who's buying them at this price? Approximately zero people. But that won't stop dealers from trying!
We can thank Patek Phillipe for this. The Tiffany Nautilus recently sold for over $6 million at auction, solidifying the hype for Turquoise-dialed steel sports watches. Now, people want similar prices for the Turquoise OP41, a $6,000 watch....
What do you think?
If you would like to support me via PayPal, here is my link, anything is greatly appreciated!
paypal.me/markriordan2
Join this channel to get access to perks:
/ @drrolexphd
For a custom Tier List Review of your collection like this one:
• Collection Review: Tia...
-The price is $40, which can be sent to my PayPal address: paypal.me/markriordan2
-Email me as high-quality photos of your collection as possible, and include the corresponding reference numbers.
-Wait patiently for me to make an awesome video for you and your collection.
If you're shopping for a Rolex, Patek Phillipe, Audemars Piguet, Omega, Vacheron Constantin, Cartier, Richard Mille, etc, Subscribe to my channel, because hopefully you can learn something from me, and I may learn something from you.
If you're here after watching a video by Watchfinder, Paul Thorpe, Austin Daniels, Watchbox, Bruce Williams, Teddy Baldassarre, Jenni Elle, Timeless Watch Channel, Roman Sharf, Timepiece Gentleman, Archieluxury, or any other great watch content creator....welcome.
30 grand for a factory mass produced watch with no complications. And some Rolex RUclipsrs will say that we’re not in a bubble?
Look, I don't think Rolex as a whole is in a bubble. But with stuff like this and the Daytonas, yes definitely.
PP, AP and Rolex are almost exclusively traded among dealers. It’s like a Ponzi scheme right now. They are betting up each other. There’s no shortage of Pepsis, Daytonas or PPs. There’s plenty of them at 24chrono. The fat lady will start to sing very soon and it all will fall like a house of card’s. History ALWAYS repeat it self.
A fool and his money are lucky enough to have gotten together in the first place.
I own one. My dealer has already offered me $25,000 and he told me he will sell it for $30,000. It’s insane but the new reality. True- you can post for whatever you want- but when my dealer offers me $25,000 - that means dealer COST is now roughy around that.
Wow. Thanks for sharing that, that's good intel.
What would you sell it for, out of curiosity?
@@DrRolexPhD honestly I bought it because I loved it. I was on the list for one year- I told my AD to just forget it because once it got incredibly popular I knew I would never get one. They are lucky if they get one 41mm Tiffany per year. I paid $16,000 BEFORE Marc Goldberg lol. I knew they would go up and hold value. They simply don’t produce enough of them. Went to dinner with my Grey market dealer (I buy from both) and he offered me $25,000 on the spot. He’s also holding a fully sticker version just in case. Prices were holding for a while but then the rumors of discontinuation and the hype behind the Patek Tiffany have made this my best “lucky investment” so far. Since I hate flippers - I don’t think I’m selling. I still want the red and yellow OP’s but this was always the standout. I don’t want to sell. I bought it for my collection. As I tell my AD- I am NOT a flipper- I’m a collector and actually enjoy the watches. Great video man- I was waiting for someone to discuss this at length.
@@SHONUFF772 that's awesome to hear. Refreshing.
As much as I love Rolex and consider myself an enthusiast, if I owned that watch, 30k+ would DEFINITELY tempt me.
What a great move by you. I bet at the time, people would've called you crazy for paying triple retail. But you get the last laugh.
Thanks for the kind words 🙏
Yep. You are right. And raising as each day passes.that being said don’t sell for anything less than 27.5, even 30. He isn’t going to list that for anything under 32.5k.
I’m turned off to whole watch collecting market. Sad that collecting Rolex has turned into Beanie Babies 👶!
It's a weird time, that's for sure. I love Rolex watches, but you're right, this market is a serious turn-off.
Omg, I remember Beanie Babies!!!
Nice video. I had my eye on this watch since it was released in 2020. Not because of the hype, but because I actually liked the color and thought it would be a neat watch to wear in the spring and summer…. Been waiting for 2 AD’s and both have said they haven’t even received one all year. I do believe them as one sold me a Batman and black Daytona (without me even asking for one?) and my buddy has spent $$$ at the other. The wait will continue as I won’t pay more than the $5900 for it.
Thanks man!
Wow, you've gotten some sweet pieces from that AD. Well, if I want anyone to get it at retail, it'd be you, seeing as you genuinely wanna keep and wear it. Great watch for spring and summer, absolutely. Good luck!
I saw some pop up on eBay for crazy prices. I don’t even like the 41mm, imo that’s way too large for an OP.
I actually agree. I've registered interest with my AD for the 36, and color, and the new Explorer. And I'm a big guy. Most people would say 41 is perfect for me, but I disagree.
Lol he was just driving the hype by saying is gonna discontinue… and sell it at a hype price. Likewise when he bought he’s batman and sold at hype price for a hulk.
Exactly
Yep, it's just testing peoples greed and stupidity. Spot on observation.
Thank you Michael, I agree, well said.
Grey market dealers and sellers who are listing the watches at these astronomical prices are crooked and shady people who are looking to exploit real rolex lovers and buyers who just want to Own and wear the watch. The whole situation is a hot mess however I don’t blame Rolex as a company it’s we the people who are causing all this hype and malpractice . Rolex and the good Ad are selling their product at the retail prices . I understand they are not so easy to purchase but rolex have to protect their Brand and try to curve this exploitation going on with their merchandise . Great video keep up your great work .
Thank you, I appreciate that 🙏
Very well said, I can't disagree with any of that. It's not Rolex causing these issues, it's the scalpers, the day-traders. But for us true enthusiasts, there's 2 choices: patience, or pay double retail.
We will be seeing NFT’s attached to Rolex watches. We will be able to see who is buying these and flipping them.
Not a bad idea.
“Green and Red dials for the peasants” Hilarious
Lol imagine showing up at the country club, all the boys have a Turquoise OP, you take off your jacket.... RED OP!!!
The horror.
Buying a submariner and 1 Bitcoin is a classier move with that money. It will also save you some dignity.
Crazy, for the money id get something more haute
There are a couple on ebay UK sold listings, sold around £30k but even that is possibly manufactured. Sellers are dealers and we all know listings and selling fees can be free on ebay when they offer the feature even these are possibly not sold. Great article as always Cheers.
Thanks Steven, my pleasure!
That's interesting. You know, after working on this video for 5 or 6 hours, 30k seems like a steal! But you're right, there's no way to tell if the sales are legitimate.
It’s all horse shit . Hype and the group thinkers will bite . The hypocrisy is also unparalleled. Let’s face it so called flippers are viewed as the anti christ . However you buy watches stick them in the vault until they hit their financial peak and then sell . The only difference I see is that one individual Is looking to make a quick profit the other a more substantial profit longer term . What’s the real difference ?
Please tell me no one is actually that stupid to pay this crazy price for this lame watch. It's nice and I am a buyer at retail but anything over 10k? Pffffff…
Agreed. There's no way anyone buys these at these prices. Dealers buying their own stuff? Maybe. But genuine end-consumers? No way.
@@DrRolexPhD We can only hope that this is the case however some folks stupidity and herd mentality never ceases to amaze me. Great content, have a great day!
The Rolex market is, presently, in a completely ridiculous situation. Here's hoping there'll be some sort of 'reset' in 2022 (surely it can't be sustainable for much longer) - it's just a turn-off that debases the brand.
This is just crazy 🤦🏽♂️
This has nothing to do with the brand of Rolex. It’s the grey market and the grey market just capitalizes on what is can. If Omega or Breitling marketed itself as a whole to be this desirable over their supply, the public market would do the same thing. Certain models of other brands do occasional draw a similar hype and with those models, the same effect occurs. It’s not Rolex’s responsibility to supply more watches to satisfy all demand, that’s marketing and sales 101. Why would it be virtuous to tarnish their brand desirability and longevity? Rolex does manage its past, present, and future of their clients portfolio with this marketing, it keeps their clients of any era happy, interested, and feeling special. What products should all aim to do.
This is getting out of hand honestly
Agreed!
"Absurd" is a good word to describe this hype and I agree, Rolex blue is nicer than Patek
It's the only word that kept coming to mind, really.
All people who bought a sky dweller blue dial and Daytona panda or black must be gutted as this is worth more and is now the most coveted Rolex. Daytona ceramics are cheapest than these. They used to be the top Rolex. Now they aren’t
The price for these Rolex OPs is just stupid now. I cannot believe the price is higher than submariner and GMT master 2.
Almost the price of a GOLD Submariner!
I missed this video it is insane!!
Crazy, right?!
I think the watch is worth £5k and thats it.
Haha, I'll go to $5900, but not a penny more!
There was one up for 437k… next was over 200k… and yes I got a screen grab… just utter stupidly from dealers… funny at the end of the day. Local grey market dealer I know is actually selling them for 30k….and these are real world sold prices! Utter madness!
Insane!
it is a rolex after all, i think the eventual stable price will be around 20 to 30 K for the rolex OP "stella blue"/ Pastel Blue dial (especially after all factors transpired including the discontinue of OP blue by rolex ) ,depending on sizes.... and the size trend is also downsizing too... to 34 to 36 mm for Dress watches -- mens Sizes.
I turned this down while shopping for my Sub it was a second hand dealer but the OP was brand new but I didn’t want a OP. I wish I had one I’d sell it for a two tone Sea Dweller 🤦🏼♂️
😩
But look, shoulda woulda coulda, you can't beat yourself up over these things
I’ve been watching horology videos for years. Sorry I just discovered your channel today. Your content is first rate! 🍻
Thanks Harry! That means a lot to me, seriously.
Cheers!
Please don't cry just find another watch if you can't afford it
Here comes the cynic …So when you buy your own watch for 100k by paying “dirty” cash to your bank account, all the sudden you have laundered 100k. You pay a 6.5% fee to Chrono 24 and everyone is happy. People do this with fake wine too. Also you pay off politicians and other sordid people by overpaying for goods.
Need a favor? Sure just buy my 6K Rolex for a100K.
Also brands buy their own auctions to run up the prices because it increases brand prestige and is good advertising. Did you see how meticulously Phillips read the tax law prior to the Patek auction? That’s because Tiffany and or Patak is going to deduct that 7-$8 million to make all that advertising almost free.
Well now it is NFTs not wine much anymore actually.
Huh, interesting. Yeah I guess it's a way to launder money. But isn't the buyer left with a watch that isn't actually worth the 100k he paid?
And yeah I can definitely see that with the auction houses.
Apologies, I shouldn’t really be here, but I love the OP Tiffany. However, I just look on in bemusement at the crazy prices and the games you have to play at Rolex AD’s.
So, I went and bought the Pagani Design version at just 92 euros. It means I can just wear the watch on my wrist and enjoy the aesthetics of the design and the colourway without having spent thousands, and without the fear of losing such a valuable timepiece.
I love Rolex but know I will never get to own one, so this is the next best thing for me.
By the way, loved the New York video. I had a walk down 47th street when I was there and it seemed a real jungle.
Anyway, I’m leaving now, you don’t need to call security. 😀. I just wanted to say you don’t always need the word Rolex on the dial to enjoy the design.
BLASPHEMY!!
No no I'm just kidding. Listen, whatever brings you joy. What did it cost you, 100 bucks? No big deal.
Are you registered at any ADs? Because maybe EVENTUALLY they'll call you for something basic like an OP.
To quote the New York Lottery, "hey, you never know".
@@DrRolexPhD
Just an idea for a future video, but maybe you can purchase a Pagani Design 1690 tiffany dial and do a comparison video to the real OP. How does the cheap chinese homage weigh up to the real thing. Then just sell the PD after the review.
This thing is absolutely self-perpetuating right? These dealers are absolutely hoarding them. But it does piss me off, not because I want one of them, but like you said, it’s an
ugly look for the brand that can look on the to others as just a means of speculation and no actual love of watches. Almost none of the ones that actually get sold at these prices in the40s and 50K range will ever even be worn! I’m just going to list my 214270 for $80K and see if I can make a few bucks. Great episode
Haha yeah, get 3 or 4 Italian and Dutch dealers in a room and conspire to list all your 214270's for 40k+. You'll move the market!
Well said sir!
Thank you Brian!
I noticed you didn’t mention the Lonely 5 Air King as one of the sports watches we love. 🤣 The OP line has never done it for me but I do think the OP Tiffany looks better than the 5711.
Yeah I left that one out lol...
Yeah except the 5711 is a real Tiffany dial and is rare. This is turqouoise and theres tens of thousands. Which moron pays 10x for an OP? Noone, people just trying their luck now its christmas. Notice on Chrono how many sellers are private sellers. That is rare. They all want to cash in on this temporary hype.
Honestly it is sad always Rolex Rolex Rolex … 90% of people who wear Rolex don’t even love mechanical timepieces and horology.
So many other fantastic brands: Cartier, Breguet, JLC, IWC …
I don’t understand why obsessed with Rolex …IS NOT WORTH THE HYPE ANYMORE PLUS HOW DANGEROUS HAS BECOME TO WEAR A ROLEX IN ANY CAPITAL IN THE WESTERN WORLD.
But what about dial changes? I’ve got an OP41 in bright blue. What’s to stop me from changing it to Tiffany? The cards don’t specify it’s colour
That's what I'm wondering too. Idk.
If you ever have it done, you MUST let me know via email or something. I'm dying to know if it's actually possible.
@@DrRolexPhD 👍🏻
Funny thing is, cost or not I’m not a fan of the baby blue. I’d rather just have my bright blue. Lol 🤷🏻♂️
@@Treetopflyer777 I love the bright blue. I've registered my interest for it with my AD, I'm really hoping he comes through.
Now? Idk. My hopes are low.
@@DrRolexPhD well keep trying. It’s honestly a spectacular piece. Best one from a realistic daily wearability perspective.
It really is a stunner. Good luck!!
@@Treetopflyer777 that's what I think too. thanks man!
I agree that anyone that purchases the ops at these prices is insane and I also don’t believe that many people are actually paying these prices.
I agree Lori
people bought at 20k and people thought they were crazy now they made 15k whos to say it wont go to 60k
I really like your opinion!! Now, I have a decision which I want to ask you. Rolex 16570 vs Rolex 5513(r series) which one do you prefer most?
Thank you Allen!
Well, it would really depend on the condition of both, but especially the 5513. I think everything being even, I'd go with the 16570, simply for it's greater wearability. I'd be too nervous wearing the 5513.
I'd still love to own one though. Aesthetically, the 5513. Practically, the 16570.
Edit: R serial being 1993. If both are early 90's, price was equal, and both had all original parts and papers: 5513
@@DrRolexPhD Thanks for your advice! I know what you r talking about. I own 16570(2003 F series) and I am interested in getting 5513 but I have to sell my 16570 to get that, and it is difficult for me to make this decision… But now I know what I want to do hahah! So happy to discuss it with you!
@@allenchen896 my pleasure!
...green and red models for peasants...:))
Great video, yes the prices are bloody ridiculous but I guess there are people willing to pay that kind of money. I have this exact watch which I got at retail here in the UK, to think it’s worth that much is tempting but want to hang on to it for a while longer. No idea what it’s worth though I have the full set.
Thank you!
You lucky bastard. Wear it in good health.
Out of curiosity, what price would you sell at?
@@DrRolexPhD thanks. I am not in any hurry to sell it, maybe waiting to see if they discontinue it as per Marc’s video.
Wondering what will happen if one of these watches goes down a lot, pretty sure a domino effect will happen and the bubble will pop, since £30k for a simple watch is absurdity. You can buy a alange and sohne for that kind of money
It'll definitely pop some day for these overhyped models like this and the Daytonas
In reality the 5711 is a very simple watch with an inferior bracelet. But yet people have been crazy over it for the past couple decades and the craze only seems to be getting worse. these are luxury items bought and traded as investment pieces. Nothing to do with being an actual watch. Think of it as bitcoin. But attached to an actual item that you can physically hold on your hand.
As long as Rolex control and keep the production of these hyped watches low, the demand and absurb prices will remain high. Two obvious clues if Rolex is to blame - 1 scarcity getting worse and 2 Rolex discontinuing any of the most hyped color model.
I thought Marc Goldberg was crazy when he paid $18,000 for a watch that listed at $5,900. 😀😅😂🤣
Me too!! 😩
He' s still. Crazy!
Not to mention what it actually cost Rolex to make. I imagine their markup is quite healthy!
People have money to burn. Even if I could afford it, I’d be buying a VC or even an ALS at that money… The thing with fashion, it goes out of fashion…
Amen brother.
It will go out of fashion if Rolex continue producing them in high numbers for the next 10-15 years. Rolex is the master of market manupulation and more so with social media's help.
Prices are higher even than a Daytona, a more complicated timepiece, also with 3 x RSP, which you still have to pinch yourself to believe. I hope they do keep making them and the eejits that pay 20x over list are burnt.
@@wataki_watcheswatakiwatche3160 haha, eejits, my Irish dad says that
The rising tide raises all ships....they are all going up at different rates. Sad reality.
What do you think it'll do for my pre-ceramic Sub, and other pre-ceramics? Probably nothing right?
@@DrRolexPhD the current market has all models going up including the pre ceramics. I also have a 16610 and the price has gone up dramatically in the last 1-2 years. And every event that draws attention to Rolex causes all models to go up to varying degrees.
Good news for us I guess.
For how long have you owned your Sub?
@@DrRolexPhD About a year and a 1/2. Paid 7850 from HQ Milton
Hype Train- choooooo choooooo All Aboard! Sick watch. Sell a kidney....get one
Lol
when you buy a watch for $5,900, you will have no hesitation to wear it. However, when the price reaching $35,000 or more after the purchase, you will not wear it anymore because every scratch will cost you a $1,000+. You will put it in a safe and wearing something cheaper instead, of course, unless you are super rich and a few thousands here and there means nothing to you.😂
Amen brother. Only a select few are actually out there wearing this watch.
Well and it is one thing to buy a PP or RM or AP for $100,000 and get insurance. Will an company insure your $5,900 watch for the $70,000 you paid when others are out there for half or less?
Interesting to see - if possible - who is selling. Definitely someone who I would blacklist. Possibly organised crime. At these prices, organised crime is likely to get involved. Stay away.
Interesting theory. I'm rewatching Sopranos right now, so I'm thinking about Tony gobbling up a bunch of baby blue OPs 😆
But hey, it's definitely something I could see them getting into.
Typo probably wanted to ask 23252 not 232252. Rolex idiocy on the loose.
Lol 😆
Insane shiznet
Ridonkulous