I bought a vintage daydate. It was one of the the greatest moments of my life as I saved 10 years to buy that watch. I flew from Amsterdam to London and took a coffee after 3 hours went back. Now I can do a little research and hopefully find out what what she is worth.
Great that will fetch you some cash. I use to own that watch when i used to be a collector, but I liquidated my collection to venture into real estate. In January, I acquired homes in Malibu for $45million, and the returns on investment far exceed what I earned as a collector.
How did you grow your portfolio to $45m, I'm impressed, I have a lump sum in the bank, the rates are not impressive so I'm moving it, what's your cash flow like?
I have a financial advisor (trader) she grows my liquid assets and I reinvest the weekly payouts back into real estate and long-term ETFs like VOO and SCHD. I have also started acquiring some tech ETFs, including IITU and IUCM.
that red seconds hand is what makes the watch! It gives it that sports car dashboard vibe. It's really a crying shame that they dropped that red color on the latest ones.
I was at my Rolex AD yesterday collecting my new Rolex GMT Batman after over a 3 year wait. The manager told me that my purchase was actually unheard of as I didn’t even have any previous spend history with them at all 😂. I mentioned the scarcity of Pepsi’s and she said they are coming through at the same ratio as Batmans.
But if more people want Pepsi's (which they do, possibly because they are either sheeples or want to flip them) then it will be more scarce to a perspective purchaser. People say that Rolex artificially create scarcity, but they are the same people that think Rolex should make more of the popular models. Whilst Rolex making set numbers (as you seem to have said happens) is effectively creating scarcity of the more popular pieces, that's the fault of the people wanting them, not Rolex!
@@wristopia4101 I agree with you 100%. I was told by someone that Rolex may have made the Pepsi scarce due to the new models coming out around that time like the Left hand drive Sprite and the Bruce Wayne .
@@wristopia4101Rolex should cut production in half , triple prices, and fill their coffers with Swiss francs. Rolex should just focus on the billionaire class.
@Mike-v7o6k Yes in London. I also got a Rolex Datejust 41mm Wimbledon with a Jubilee bracelet but smooth bezel from a different AD in London also with no previous spend history.
I find it so interesting that the explorer almost never gets mentioned here.. I think it’s because the person that buys this wants to keep it and it’s someone that really appreciates what Rolex’s are about. Interesting to understand what your trends for that watch model usually are..
Yep! Exactly. As much as I love LWC they're secondary sellers, meaning by definition unless someone is trading in for something else, they're not going to see non hype models like that because the people who buy Explorers tend to buy and keep. I think it's quite interesting how the models that "dry up" were the ones that never went super duper crazy over retail on the grey anyway. AKA f it's not a hype model, there likely won't be someone buying it from an AD to sell to them straight away. Flipper market drying up before our eyes.
Definitely on point with this take.. and you know most of the time I do see them for sale, the listing says something to the effect of “I bought the 40 and should have gotten the 36 or vice versa”. Personally I bought my Explorer after a GMT .. which is to say it wasn’t a “purchase history” buy.. but rather a coming to the realisation that the Explorer is just as legendary as people said it was
I waited 5 months for my Explorer. It’s not hyped, is humble looking, build quality is extraordinary. It’ll be my only Rolex and I’ll keep it forever. Not quite what the gentleman at LWC wants to hear 😮
@@TradeMarcmultimedia thanks for sharing.. can I ask which you prefer? I love my explorer but I also love the look of the GMT.. as I get older I do think some flash is in order for my personal happiness.. I have no interest in what others think.. but I do like the look of them on my wrist.. I have an Explorer and a mod Seiko.. one like Lume Shot built. Both are different styles but I love them both.
Compared to a few years ago when my ‘Hulk’ and ‘Pepsi’ both went for £7K over purchase price, the market is terrible at the moment. Last week I sold my two Bi-Metal Rolex to a dealer and took a loss on both! First was a DJ36, fluted, white gold, mint green dial on a Jubilee (£250 loss on £7500 buy). Second was GMTII ‘Zombie’ (£850 loss on £13,850 buy). Money is better off earning interest in an ISA nowadays. That said, I’m now on my AD’s NOI for an OP Celebration 🥳
So many clients have been put off by how they’ve been treated in the past! The client experience and customer service is such an important aspect of any purchase 🙌🏻💯
@@watching_nycexactly. The problem isn't just 4:09 the ADs. It's people who buy watches just to flip them. My AD won't sell to you unless he's confident you're going to keep the watch for at least several years.
Ive seen one grey have all their rolex stock on sale including a pepsi 2019 B&P at under £15k :) Says it all really hang tight and all the watches will keep dropping...
I think you nailed it with the BW on oyster… it’s much more wearable. I have the jubilee version from AD, and I also have sub date…. For someone who doesn’t have sub date I can see them wanting oyster on jubilee for everyday wear… if I didn’t have the sub date, def bw oyster to wear it daily.
Glad to hear you’re enjoying the content mate, I really appreciate the support! The DJ41 Mint is such a stunning timepiece isn’t it! Good luck with your purchase, hopefully you won’t be waiting too long for the call 🙌🏻💯
Hi Charlie, I hope you and all the team at LWC are all keeping well. Another great positive video showcasing some beautiful Rolex timepieces wishing you a positive abundant week ahead best wishes
Most Daytonas in full precious is readily available if your AD is upfront with you. Got my 126515 back in December and has turned down two other Daytonas since. Last was in September, this was the 126505 with the black subdials, and the other was the was 126518 with the gold dial and black rings, which I turned down around early April. Keep in mind, the two I turned down, I didn’t asked for at all.
Charlie, I got offered at my AD in Northern New Jersey a date just smooth bezel Wimbledon with the jubilee bracelet. I didn’t take the offer because it’s not the one I personally want…I m keen on the gmt lefty on jubilee
@@thehonestwatchdealer I was in Dubai and I was offered Rolex watch with diamonds on it and costing about $29000 ,OMG i can not spent that much. I was looking steel one. But Rolex Submariner with date I have and I am happy.
As always, a really useful and insightful video. Thanks Charlie! Reading thru the comments and reflecting on todays market I can see Rolex watches falling into 3 categories. Watches which can be purchased in the secondary market significantly under list, models which can become available with a modest wait from an AD and the grail watches which are rarely available to the public and have a significant premium. Thanks to your video's we know where each watch is likely to fall. Under list and grail watches simply go to the grey. If there is a modest wait (or no wait) simply go to the AD and try your luck. If you get impatient then simply go to the grey.
So glad to hear you're enjoying the content mate, I really appreciate the support! Interesting point with the 3 categories, definitely something to consider when looking to make that luxury watch purchase 🙌💯
Charlie I don’t think the normal run of the mill person looking to get that dream watch for a retirement or other special occasion would even bother with an AD now due to the way they’ve operated over the last 6/7 years. They are left calling up the clients who’ve a buying history trying to offload different pieces. The issue they’ve got is their clients as I know many personally now know there isn’t any money in those pieces unless it’s the ones you’ve discussed so they say your alright I’ll give it a swerve. It’s a shame but feeds the grey as businesses like yourself can then negotiate taking those DJ they can’t shift off the AD’s for some of the more hard to get pieces. Sad that the tail is now wagging the dog!! No one wants to buy three Mont Blanc pens or a diamond for the Mrs when you just want a steel sub or a Pepsi 😂😂
That’s exactly it mate, you’re spot on! Someone looking for that dream timepiece isn’t interested in the games, they simply want to acquire that watch they deserve! 🙌🏻💯
@@thehonestwatchdealer”people aren’t buying them anymore, little coming through” Rolex UK posted their best ever profit last week, you can go look up yourself. People are buying in bigger numbers than ever and keeping it. If flippers lose money, great. You want that too. The people getting the pieces are the ones who don’t care about making a small amount of money from “investing”. All the better.
Question: if the oysterflex daytonas are not coming up why there are so many for sale on the grey market and why their prices dropped so much in recent months?
We’ve not personally noticed this trend - the top 4 dials have retained their price well, and we see very few new reference top dial Oysterflex models hitting the market in recent weeks👌🏻🙌🏻
Very interesting to hear because I had my Rolex AD call me up and tell me if my father wanted a Sub or GMT in the stainless & gold then he would sell them no problem. They definitely have an abundance of these available right now. My AD has been pushing to try and sell these to my father and I for the last few months and I walked in and got a blusey a day later about 3 months ago
Congratulations on your purchase mate, you’ve added such a stunning timepiece to your collection! It’s unbelievable to think how readily available the Bimetal models are now 🙌🏻💯
I went to my trusted AD in January and signed up for a Sprite,he told me it's difficult (as we know) and he told me that S&G were easier to get back then. When I went to see them few weeks ago, he said that they are now getting very few S&G models, may be that is also impacting the shortage? just a thought..
Interesting point mate, from our side of the desk it definitely seems as though the ADs get their stock in waves of models and configurations - so could be a flood of S&G pieces for a couple months and then nothing at all 🙌
If you’re referring to where the crown sits when fully locked, it’s not important to us, however, there are certain collector clients who find it incredibly appealing 🙌🏻
The OP31 is a stunning model, however, it shows very little demand in the market. With it's smooth bezel and oyster bracelet combination, it's too plain for the typical female buyer 🙌
Amazing that date just is sold for 13.000 £ and above submariner date. My wife has the 36 mm motif dial, but for me it does not come close to my sub date in terms of history and meaning.
Sold all my Rolex watche because of my last interaction with Swiss concept Pitt street in Sydney. They’re soo rude and self entitled; claim that I need to spend a bunch of money to get a sub. I reported them directly to Rolex in Geneva, they contacted the store in question and then they contacted me. Swiss concept backtracked and they claim the there’s never been a male worker lmao. They were super apologetic and then a few weeks later offered me a watch. I turned it down and asked to be removed from the system as I am no longer interested in Rolex lol.
Good on you, any retail store like that would never get my money, I'm glad you reported them otherwise nothing changes. I hope the arse falls out for Rolex, waiting list my arse.
Thank you for the feedback, sir. We have a situation in which AD essentially acts as intermediaries, which in fact has become one of the main activities. This type of main activity cannot be prescribed in their registration, statutory, contractual documents. I probably did not make it quite clear that I am not talking about the difficulties that arise for me personally or for other specific consumers. Important: there may be a problem of communication and interpretation of my construction "this should be illegal". I meant, "this should be considered illegal".
Personally, I prefer the Zombie because I’m a yellow gold fan and love the old school classic aesthetic! However, the Root Beer is such a stunning timepiece 🙌🏻💯
The 126720VTNR is still a great buy! Such a unique and stunning timepiece, there’s profit to be made if you get it on retail and it’s found it’s level in the grey market 🙌🏻👌🏻
When the GMT Master II GRNR first came out... it was being discussed as the "Dark Knight" Keeping in tune with the batman references. WHy do you think that didn't stick and "Zombie" did. 🤢. Should bring it back.
Still retaining it's value well, very little movement over the last 12 months, seems to have found it's place. It's such an incredibly sought after timepiece and offers such a unique prospect to collectors 👌
Hi. Great content. Love my Pikachu…. Seek your thoughts on the 1908 crystal blue dial that I asked to the AD … they said that rarely see it coming but if I do get a call - I will keep to wear but do u see the value retention ?
It's extremely rare, there are virtually no public listings online not even on Chrono24 (so it's only sourced on demand/private listings). So it will definitely fetch a premium right now, but that also means you're extremely unlikely to get one unless you have a massive purchase history
So glad to hear you're enjoying the content mate, I really appreciate the support! It's so hard to understand the market value of the 1908, as it's such a rare timepiece and there isn't an awful lot of trade history to compare it with. If you're buying to wear you can never go wrong, as it's a truly stunning and unique piece! In terms of value retention again it's so hard to say, although, given it's scarcity and the annual retail price increase from Rolex it could retain it's value well 👍💯
You can see from the last five years of watches that to a large extent Rolex just changes the models up just for the effect of churning the market, not for improvements to the actual watch.
I have a stainless and gold submariner purchased new in 1992 for $5,000 the last time that I had it serviced 5 or 6 years ago I put it away and bought a $300 Seiko for daily wear. I should have invested the money. An expensive watch is like an expensive car the fun wears off very quickly.
Been waiting for a Daytona ghost and yesterday my AD called and ask for a deposit as they are expecting a delivery 1st quarter of 2025. Is it a common practise now?
We’re hearing more examples of this recently, but importantly huge congratulations mate, the Oysterflex Ghost is such an unbelievable model, you’re incredibly fortunate! Good luck with your purchase 🙌🏻💯
Regarding the 126519ln, which one of the Steel dial (Ghost) vs. the Bright Black dial is most sought after and which one is your favourite? Would love to see a comparison video of the two, can't find any video with both of them out there! #contentShortage
I want to sell my 2015 Batman for the Batgirl. My local RD says it’s gonna be a 2 year wait!? Looks like I need to find a dealer that does much more volume.
In the us there is a system where you can check if the watch has been reported stolen. You need to wait 30 days before you can sell it. If you notice they take two forms of Id when they buy your watch. If it’s reported stolen they have your info and can notify the police.
I was recently offered a sundust Daytona via AD. I turned it down because of the most recent price increase. Each model are released in batches, we all know this.
The reason why people are going with GMT Bruce Wayne on oyster is because it got 40mm maxi-case style with 3235 caliber, by which the new submariner is in 41mm new case size. There are people seeking the maxi-case but wanting the new caliber. GMT Bruce Wayne on oyster has become a better choice over 41mm submariner.
Wish you were my Rolex AD… I’m going to be in Vegas at mine next week and am already preparing to be insulted even tho I’ve spent 7 figures with her bosses.
@@errolmclaughlin1482 to be clear… my issue with their store manager not the owners themselves who have been great to me. Flew me to US Open @ Pebble Beach… picked up entire bill for everything. They’ll simply tell their manager to start selling Rolex’s to me again or I’ll move LWC. Simple as that.
Rolex sure did mess up the Oysterflex Daytona PN by eliminating the red second hand. I have the older 11 reference with the red hand, and it makes the watch look very special.
On the jubilee it's still an incredibly sought after model and a great option to buy and wear and enjoy! However, it's currently trending for around list 🙌
@@thehonestwatchdealer I’m currently torn between the Rolex Datejust Wimbledon 36 with Jubilee and the version with black dial and 10 diamonds. Any suggestions on which one I should choose?
Slow down! These watches have already been produced and are still being produced right now in very large quantities. The specific question is: why can't we buy these watches in a boutique at the recommended price without unreasonable expectation, but there are a lot of them in the condition of new ones on the secondary market from organized groups of sellers? What is the specific and clear reason? Watches are designed, manufactured, and marketed. And what exactly do the gray dealers produce? What do they want money for? What is the added value? If there is a product and there is a lot of it, but we cannot buy it at the recommended retail price, then it is someone's fault, and this fault is not ours. It's not fair somehow. Dear author! Why dealers don't have watches available? Because in some obscure way you are buying and reselling to us with a margin for it is not clear why. I repeat: what is the added value asking for? If, because of the activity of gray dealers, it acquires such a scale that it begins to greatly distort the original market, makes it impossible to purchase already manufactured goods at the stated recommended retail price - this must be illegal. Health!
The reason the grey market exists is simple, there is a demand and people are often willing to pay a premium to get something. There are also people willing to buy a watch from an AD and take it direct to a grey market trader or resell it themselves to make a quick profit. There is no law against this, nor should there be, as once you buy anything it is YOUR property and nobody has the right to dictate that you can't sell it or dictate a price you should be allowed to sell it for, because every buyer has the right to say no to the price and walk away. Also ADs sometimes sell a desirable model that is in high demand direct to grey market dealers through the back door, or to a 'lucky' customer who could be a friend/relative/associate of a grey market trader. Although Rolex may not officially 'approve' of this, the fact that grey market can sell at higher than list helps their image of desirability as it seems buying at list price is great value and people will be more willing to join a list, possibly buy something else in store or buy another model under the assumption that paying list price for any Rolex product is a great deal. If you believe it is immoral or reasonable has no relevance as it isn't illegal, the only question is how how much are you willing to pay. If you are willing to pay a premium price you'll probably get one relatively easily, if not expect a long wait. It is smple really - list prices are meaningless once an item has been sold. Just decide how much an item is worth to you and only buy if it is something you really want and you feel the price is right, You can't insist that someone sells to you at a price you dictate just as the seller can't insist you buy an item, you both have the right to refuse In my case the few watches I would buy and wear aren't in high demand or currently fashionable so are easy to buy at list, or occasionally less so I absolutely know they are not investments and will lose value. I don't care about it losing value over time, but the only questions I ask myself are the same - do I want it and am I willing to pay the price.
@@philjones352 An entire category of mass-produced goods is being withdrawn from the primary retail market in order to generate prices that are very different from those that the manufacturer publicly declares. the people who do this have a cartel agreement. The ordinary consumer is in unequal conditions with the gray dealers to whom the watches are initially sold. A "consumer" is a subject of law. All consumers have equal rights. But we are seeing a segmentation of consumers into those who have the right to buy watches directly from a boutique and those who cannot. It is illegal and immoral
An entire category of mass-produced goods is being withdrawn from the primary retail market in order to generate prices that are very different from those that the manufacturer publicly declares. the people who do this have a cartel agreement. The ordinary consumer is in unequal conditions with the gray dealers to whom the watches are initially sold. A "consumer" is a subject of law. All consumers have equal rights. But we are seeing a segmentation of consumers into those who have the right to buy watches directly from a boutique and those who cannot. It is illegal and immoral
@@bgpsbgps1 Your rights as a consumer aren't being abused, nor are you being denied the right to buy as a waiting list means there aren't any in stock at that time to sell to you - but as ALL privately owned businesses have the right to refuse service you don't cannot claim an absolute right to buy anything or even enter their premises if you are instructed to leave. Your consumer rights don't trump a private business owner's rights. Flippers who walk out of an AD and hand their watch to a grey market trader AREN'T breaking any laws, Nor are the grey market traders. You may not like the current situation, but no laws are being broken by selling on a secondary market at a profit as all businesses must make a profit to exist. The only law that dictates pricing is the law of supply and demand. YOU can't claim consumer protection rights or quote specific laws because they aren't applicable - if you haven't bought something you aren't a consumer. If you do buy via the Grey market for more than retail then you agreed to the price. As long as the item you bought was accurately described the transaction is completely legal Most secondary market traders are registered businesses that have the same legal obligations as any other business. They have been around for years - if they were breaking any laws they would have been shut down years ago.
It is not true. A public retail entity sells goods on a strictly priority basis to persons who use the purchased goods for subsequent resale for personal enrichment; at the same time, consumers wishing to purchase goods for personal use are placed in the position of "secondary". Once again, the retailer actually conducts b2b activities, which has become its main source of income. This is illegal, belittles consumers, creates additional costs and worries for them, distorts state economic statistics
I'm still waiting for the call from my AD for the steal and gold Daytona with black face. For me the gmt looks the best with the jubilee awesome looking watch
Notice how majority of the people that have a bad experience with an AD, come in with a know it all attitude. Imagine if you're a chef & you go to NASA talking about all of this Mumbo jumbo about knowing physics and astronomy, it would be much harder for them to take you seriously, don't you think?
I bought a vintage daydate. It was one of the the greatest moments of my life as I saved 10 years to buy that watch. I flew from Amsterdam to London and took a coffee after 3 hours went back. Now I can do a little research and hopefully find out what what she is worth.
Wow mate, such an amazing story, congratulations on acquiring that dream timepiece! It must hold so much sentimental value 🙌🏻💯
Great that will fetch you some cash. I use to own that watch when i used to be a collector, but I liquidated my collection to venture into real estate. In January, I acquired homes in Malibu for $45million, and the returns on investment far exceed what I earned as a collector.
How did you grow your portfolio to $45m, I'm impressed, I have a lump sum in the bank, the rates are not impressive so I'm moving it, what's your cash flow like?
I have a financial advisor (trader) she grows my liquid assets and I reinvest the weekly payouts back into real estate and long-term ETFs like VOO and SCHD. I have also started acquiring some tech ETFs, including IITU and IUCM.
Sure it's all about DCA, could you please share her name with me or any details so I can look her up online? Thanks!
I’m 66 and just recently got my grail watch…
The Paul Newman Daytona Oysterflex with the red chrono hand, used but in mint condition 🙏✊
I have that watch it’s a beautiful watch! Congrats…
that red seconds hand is what makes the watch! It gives it that sports car dashboard vibe. It's really a crying shame that they dropped that red color on the latest ones.
Congratulations, mate! You've got yourself such an iconic timepiece - wear it and enjoy it 🙌💯
Congratulations!
Nice, nice, very nice. 👍
I was at my Rolex AD yesterday collecting my new Rolex GMT Batman after over a 3 year wait. The manager told me that my purchase was actually unheard of as I didn’t even have any previous spend history with them at all 😂. I mentioned the scarcity of Pepsi’s and she said they are coming through at the same ratio as Batmans.
But if more people want Pepsi's (which they do, possibly because they are either sheeples or want to flip them) then it will be more scarce to a perspective purchaser.
People say that Rolex artificially create scarcity, but they are the same people that think Rolex should make more of the popular models.
Whilst Rolex making set numbers (as you seem to have said happens) is effectively creating scarcity of the more popular pieces, that's the fault of the people wanting them, not Rolex!
@@wristopia4101 I agree with you 100%. I was told by someone that Rolex may have made the Pepsi scarce due to the new models coming out around that time like the Left hand drive Sprite and the Bruce Wayne .
@@wristopia4101Rolex should cut production in half , triple prices, and fill their coffers with Swiss francs. Rolex should just focus on the billionaire class.
Congratulations on the GMT! Was this in the UK?! A Batman with no purchase history is wild
@Mike-v7o6k Yes in London. I also got a Rolex Datejust 41mm Wimbledon with a Jubilee bracelet but smooth bezel from a different AD in London also with no previous spend history.
I find it so interesting that the explorer almost never gets mentioned here.. I think it’s because the person that buys this wants to keep it and it’s someone that really appreciates what Rolex’s are about.
Interesting to understand what your trends for that watch model usually are..
Yep! Exactly. As much as I love LWC they're secondary sellers, meaning by definition unless someone is trading in for something else, they're not going to see non hype models like that because the people who buy Explorers tend to buy and keep. I think it's quite interesting how the models that "dry up" were the ones that never went super duper crazy over retail on the grey anyway. AKA f it's not a hype model, there likely won't be someone buying it from an AD to sell to them straight away.
Flipper market drying up before our eyes.
Definitely on point with this take.. and you know most of the time I do see them for sale, the listing says something to the effect of “I bought the 40 and should have gotten the 36 or vice versa”. Personally I bought my Explorer after a GMT .. which is to say it wasn’t a “purchase history” buy.. but rather a coming to the realisation that the Explorer is just as legendary as people said it was
I waited 5 months for my Explorer.
It’s not hyped, is humble looking, build quality is extraordinary.
It’ll be my only Rolex and I’ll keep it forever.
Not quite what the gentleman at LWC wants to hear 😮
love the explorer but wanted a bezel
@@TradeMarcmultimedia thanks for sharing.. can I ask which you prefer? I love my explorer but I also love the look of the GMT.. as I get older I do think some flash is in order for my personal happiness.. I have no interest in what others think.. but I do like the look of them on my wrist..
I have an Explorer and a mod Seiko.. one like Lume Shot built. Both are different styles but I love them both.
Compared to a few years ago when my ‘Hulk’ and ‘Pepsi’ both went for £7K over purchase price, the market is terrible at the moment. Last week I sold my two Bi-Metal Rolex to a dealer and took a loss on both! First was a DJ36, fluted, white gold, mint green dial on a Jubilee (£250 loss on £7500 buy). Second was GMTII ‘Zombie’ (£850 loss on £13,850 buy). Money is better off earning interest in an ISA nowadays. That said, I’m now on my AD’s NOI for an OP Celebration 🥳
There watches mate, not investments. Glad you finally figured it out without losing much.
@@dademack3544 here here
Takeout the Covid madness they are fine
Boycott the ADs ! They dont deserve our money because of the arrogance they treated customers over the years
So many clients have been put off by how they’ve been treated in the past! The client experience and customer service is such an important aspect of any purchase 🙌🏻💯
Braderrr it is a business not charity, of cos the ADs only want to deal with people who can afford to spend 🫰🏼🫰🏼
So the AD sells to grey, and they charge you a mark up?
Just by of other individuals from chrono24
Yea, paying over retail is so much better!
@@watching_nycexactly. The problem isn't just 4:09 the ADs. It's people who buy watches just to flip them. My AD won't sell to you unless he's confident you're going to keep the watch for at least several years.
Interesting no talk of the Skydweller especially the blue and green.
Bruce Wayne is subtle, to compliment it being subtle, the oyster is less louder than the jubilee. Silent luxury. 🔥
Exactly that mate, it's subtle design is why it's so sought-after! 👌
Oyster = versatility
Great Video👍 same applies here in Switzerland
Thanks for watching mate really appreciate it! Yes similar stories all over the world 👍
10:20 I had to rewind to see where you got that out from 😂
I actually just got my wife the 31mm diamond floral dayjust the other week from the AD. She loves that watch
Such an incredible watch! Glad she likes it 🙌
Ive seen one grey have all their rolex stock on sale including a pepsi 2019 B&P at under £15k :) Says it all really hang tight and all the watches will keep dropping...
I think you nailed it with the BW on oyster… it’s much more wearable. I have the jubilee version from AD, and I also have sub date…. For someone who doesn’t have sub date I can see them wanting oyster on jubilee for everyday wear… if I didn’t have the sub date, def bw oyster to wear it daily.
On the Oyster it appears so much more subtle and feels like the more typical daily watch 👌💯
Truly appreciate the honest assessment of the market. Follow this channel closely before making any watch purchase.
Thanks so much for saying mate, so happy to hear you’re finding the content informative, that’s why we produce it 🙌🏻💯
It’s the best Rolex channel- Charlie is great.
Great Video as always! I have been waiting on the 41DJ mint for right at one year now. You've sold 7 that's awesome!! Hopefully I get the call soon
Glad to hear you’re enjoying the content mate, I really appreciate the support! The DJ41 Mint is such a stunning timepiece isn’t it! Good luck with your purchase, hopefully you won’t be waiting too long for the call 🙌🏻💯
Hi Charlie, what happened to last weeks cliff hanger? The guy from london selling you a watch? Many thanks
Episode 4 will be coming very soon mate, so stay tuned to see how the deal develops... 🙌💯
Looking at the prices on the website not sure if these are ''honest prices'' too, to be fair
Wow!!! Your Pikachu is back. I wouldn't have guessed it would return. Again, congrats on your Grail Watch.
The Pikachu still brings me so much enjoyment, won't be retiring it any time soon! Thanks for saying mate, I really appreciate it👌💯
Absolutely brilliant and helpful content as always! Thank you!
So glad to hear you're finding the content informative mate, I really appreciate the support 🙌💯
Another good review Charlie 👏🏻👏🏻
must say I prefer the oyster for the reason being it’s understated. Keep up the good work 👌🏻
Glad to hear you’re enjoying the content mate, I really appreciate your support! 🙌🏻💯
THANKS FOR THE UPDATE KEEP IT GOING FOR US
Thanks for the support mate, I really appreciate it 🙌
Honest and informative as ever Charlie 👍
Thanks for the support mate, I really appreciate it 🙌🏻
Hi
Charlie, I hope you and all the team at LWC are all keeping well. Another great positive video showcasing some beautiful Rolex timepieces wishing you a positive abundant week ahead best wishes
Hope you are well Karl! Glad you
Liked this one, thanks for watching and take care!
Thank you Charlie great video.
Appreciate you watching! Glad you liked it! 👍
Thank you Charlie great market honest update as usual
See you soon I hope 💥💥👍🏻
Thanks Paul, hope you are keeping well mate!
Hopefully see you soon 🙏
Whats your thought on OF Chocolate dila. havent heard you mentioning that watch.
Such an incredible watch, looks great on the Chocolate dial. I will try and cover it when the next one comes in 👌🏻
The Rolex scarcity is real, thanks for the update! 😊
My ad in America is telling me the batgirl is harder to get than the pikachu 🤔
Most Daytonas in full precious is readily available if your AD is upfront with you. Got my 126515 back in December and has turned down two other Daytonas since. Last was in September, this was the 126505 with the black subdials, and the other was the was 126518 with the gold dial and black rings, which I turned down around early April. Keep in mind, the two I turned down, I didn’t asked for at all.
lol your AD must be special
Yall are so cool with the rolex!😂
Charlie, I got offered at my AD in Northern New Jersey a date just smooth bezel Wimbledon with the jubilee bracelet. I didn’t take the offer because it’s not the one I personally want…I m keen on the gmt lefty on jubilee
Still a stunning model! Respect for passing on a popular piece if it’s not the one you want! Hopefully you get the call for the Sprite soon! 🙌
@@thehonestwatchdealer I was in Dubai and I was offered Rolex watch with diamonds on it and costing about $29000 ,OMG i can not spent that much. I was looking steel one. But Rolex Submariner with date I have and I am happy.
@ great watch to have is the submariner 👍
As always, a really useful and insightful video. Thanks Charlie!
Reading thru the comments and reflecting on todays market I can see Rolex watches falling into 3 categories. Watches which can be purchased in the secondary market significantly under list, models which can become available with a modest wait from an AD and the grail watches which are rarely available to the public and have a significant premium.
Thanks to your video's we know where each watch is likely to fall. Under list and grail watches simply go to the grey. If there is a modest wait (or no wait) simply go to the AD and try your luck. If you get impatient then simply go to the grey.
So glad to hear you're enjoying the content mate, I really appreciate the support! Interesting point with the 3 categories, definitely something to consider when looking to make that luxury watch purchase 🙌💯
Charlie I don’t think the normal run of the mill person looking to get that dream watch for a retirement or other special occasion would even bother with an AD now due to the way they’ve operated over the last 6/7 years. They are left calling up the clients who’ve a buying history trying to offload different pieces. The issue they’ve got is their clients as I know many personally now know there isn’t any money in those pieces unless it’s the ones you’ve discussed so they say your alright I’ll give it a swerve. It’s a shame but feeds the grey as businesses like yourself can then negotiate taking those DJ they can’t shift off the AD’s for some of the more hard to get pieces. Sad that the tail is now wagging the dog!! No one wants to buy three Mont Blanc pens or a diamond for the Mrs when you just want a steel sub or a Pepsi 😂😂
That’s exactly it mate, you’re spot on! Someone looking for that dream timepiece isn’t interested in the games, they simply want to acquire that watch they deserve! 🙌🏻💯
@@thehonestwatchdealer”people aren’t buying them anymore, little coming through”
Rolex UK posted their best ever profit last week, you can go look up yourself.
People are buying in bigger numbers than ever and keeping it. If flippers lose money, great. You want that too.
The people getting the pieces are the ones who don’t care about making a small amount of money from “investing”. All the better.
I offered you a mint 36 fluted/jubilee and you said no! That was 2 weeks ago.
Question: if the oysterflex daytonas are not coming up why there are so many for sale on the grey market and why their prices dropped so much in recent months?
We’ve not personally noticed this trend - the top 4 dials have retained their price well, and we see very few new reference top dial Oysterflex models hitting the market in recent weeks👌🏻🙌🏻
This is music to my ears. Can’t wait to get the two tone yellow gold gmt.
Thanks for watching mate! Hope you get it through quickly!
Very interesting to hear because I had my Rolex AD call me up and tell me if my father wanted a Sub or GMT in the stainless & gold then he would sell them no problem. They definitely have an abundance of these available right now. My AD has been pushing to try and sell these to my father and I for the last few months and I walked in and got a blusey a day later about 3 months ago
Congratulations on your purchase mate, you’ve added such a stunning timepiece to your collection! It’s unbelievable to think how readily available the Bimetal models are now 🙌🏻💯
“Unless you’re buying it to wear and keep…” 🤷♂️
Love these videos!
Glad you like them, thanks for watching! 🙌
I got a Rolex at retail few days ago! It wasnt the wimbledon datejust I wanted but its close. So over the moon with it 😁
Congratulations mate, enjoy your new watch! 🥂
I went to my trusted AD in January and signed up for a Sprite,he told me it's difficult (as we know) and he told me that S&G were easier to get back then. When I went to see them few weeks ago, he said that they are now getting very few S&G models, may be that is also impacting the shortage? just a thought..
Interesting point mate, from our side of the desk it definitely seems as though the ADs get their stock in waves of models and configurations - so could be a flood of S&G pieces for a couple months and then nothing at all 🙌
What sites are reliable am after a eminem g shock and a prx tissot galaxy
Is a standing crown important for you? Thanks for your answer 🙏🏽
Yes or it‘s nonsense?
If you’re referring to where the crown sits when fully locked, it’s not important to us, however, there are certain collector clients who find it incredibly appealing 🙌🏻
@@thehonestwatchdealer thanks for your answer. My 124060 crown is almost upside down… I have to learn to deal with it! 🙄
Great update
Thank you mate, glad you liked it! 🙌
Enjoyable video and update Charlie.
Glad to hear you're enjoying the content mate, I really appreciate the support! 👌🙌
Hey there, what about the OP 31 through 41? Especially in the stella green, turquoise and candy pink colors. Are they not in demand? Thanks
The OP31 is a stunning model, however, it shows very little demand in the market. With it's smooth bezel and oyster bracelet combination, it's too plain for the typical female buyer 🙌
Why are there NEVER and mentions of the OYSTER PERPETUAL line from all the professional watch tubers
Not desireable enough.
@ idk about that, all the discontinued models, celebration, tiff going for 200% over- market prices reflects the demand wouldn’t you say
I went to cheltenham last week and they stated in the rolex AD that all rolexs in the window were available
they were all two tone and precious metal
This is a trend we’re seeing up and down the country at Authorised Dealers! Crazy to think isn’t it mate, times are changing 🙌🏻
What about the rose gold and yellow gold Daytona ?
The full precious metal models continue to be extremely slow sellers in the current market! 🙌
Amazing that date just is sold for 13.000 £ and above submariner date. My wife has the 36 mm motif dial, but for me it does not come close to my sub date in terms of history and meaning.
Sold all my Rolex watche because of my last interaction with Swiss concept Pitt street in Sydney. They’re soo rude and self entitled; claim that I need to spend a bunch of money to get a sub. I reported them directly to Rolex in Geneva, they contacted the store in question and then they contacted me. Swiss concept backtracked and they claim the there’s never been a male worker lmao. They were super apologetic and then a few weeks later offered me a watch. I turned it down and asked to be removed from the system as I am no longer interested in Rolex lol.
Good on you, any retail store like that would never get my money, I'm glad you reported them otherwise nothing changes. I hope the arse falls out for Rolex, waiting list my arse.
Hey what's your opinion on the 2024 rolex sea dweller 43 mm
The steel SD43 is a fantastic timepiece, a great alternative daily option! We’re currently offering under list price when buying this model in 🙌🏻
Thank you for the feedback, sir.
We have a situation in which AD essentially acts as intermediaries, which in fact has become one of the main activities. This type of main activity cannot be prescribed in their registration, statutory, contractual documents.
I probably did not make it quite clear that I am not talking about the difficulties that arise for me personally or for other specific consumers.
Important: there may be a problem of communication and interpretation of my construction "this should be illegal". I meant, "this should be considered illegal".
Hi what brand head magnifier do you use please 👍🏼
They’re called ‘OptiVisor’ mate! Couldn’t run my business without them 🙌🏻
resale value aside, do you prefer the Zombie to the Rootbeer?
Personally, I prefer the Zombie because I’m a yellow gold fan and love the old school classic aesthetic! However, the Root Beer is such a stunning timepiece 🙌🏻💯
Great video. How about the 126720VTNR, sell or buy? Keep up the good work.
The 126720VTNR is still a great buy! Such a unique and stunning timepiece, there’s profit to be made if you get it on retail and it’s found it’s level in the grey market 🙌🏻👌🏻
When the GMT Master II GRNR first came out... it was being discussed as the "Dark Knight" Keeping in tune with the batman references. WHy do you think that didn't stick and "Zombie" did. 🤢. Should bring it back.
hi there, how about the GMT Sprite? would love to hear recent trends on this, thanks!
Still retaining it's value well, very little movement over the last 12 months, seems to have found it's place. It's such an incredibly sought after timepiece and offers such a unique prospect to collectors 👌
How is the 41mm celebration OP doing?
Still a very collectible piece and hard to come by 👌🏻
Hi. Great content. Love my Pikachu…. Seek your thoughts on the 1908 crystal blue dial that I asked to the AD … they said that rarely see it coming but if I do get a call - I will keep to wear but do u see the value retention ?
It's extremely rare, there are virtually no public listings online not even on Chrono24 (so it's only sourced on demand/private listings). So it will definitely fetch a premium right now, but that also means you're extremely unlikely to get one unless you have a massive purchase history
So glad to hear you're enjoying the content mate, I really appreciate the support! It's so hard to understand the market value of the 1908, as it's such a rare timepiece and there isn't an awful lot of trade history to compare it with. If you're buying to wear you can never go wrong, as it's a truly stunning and unique piece! In terms of value retention again it's so hard to say, although, given it's scarcity and the annual retail price increase from Rolex it could retain it's value well 👍💯
You can see from the last five years of watches that to a large extent Rolex just changes the models up just for the effect of churning the market, not for improvements to the actual watch.
I have a stainless and gold submariner purchased new in 1992 for $5,000 the last time that I had it serviced 5 or 6 years ago I put it away and bought a $300 Seiko for daily wear. I should have invested the money. An expensive watch is like an expensive car the fun wears off very quickly.
Without Doubt the best watch company around. ENOUGH SAID. 🎉☝️👌👍🥊
Thanks so much for your support as always mate! It’s really appreciated 🙌🏻💯
I love my Zombie. I bought it to wear it.
It’s a stunning configuration isn’t it mate! Wear it and enjoy it 🙌🏻💯
All in the goldsmiths window Watford and there standing out front offering drinks.
What about the GMT sprite ?
Still an extremely popular option that continues to show great value in the current market for such a unique timepiece! 👌💯
Been waiting for a Daytona ghost and yesterday my AD called and ask for a deposit as they are expecting a delivery 1st quarter of 2025. Is it a common practise now?
We’re hearing more examples of this recently, but importantly huge congratulations mate, the Oysterflex Ghost is such an unbelievable model, you’re incredibly fortunate! Good luck with your purchase 🙌🏻💯
Regarding the 126519ln, which one of the Steel dial (Ghost) vs. the Bright Black dial is most sought after and which one is your favourite? Would love to see a comparison video of the two, can't find any video with both of them out there! #contentShortage
Looking for a gmt Bruce Wayne, please let me know how to get ahold of you guys
Please contact the team through our website, we’d be more than happy to help in any way we can 🙌🏻
I want to sell my 2015 Batman for the Batgirl. My local RD says it’s gonna be a 2 year wait!? Looks like I need to find a dealer that does much more volume.
Yes unfortunately the wait can be a while on these, an independent dealer would have it available for you right away!
@ Any recommendations?
Can you do a discussion on the Rolex hulk submariner and a price prediction please
Interesting idea mate, I'll speak to the team and see what we can do 👍
It’s been years since I’ve seen as many Rolex watches in goldsmiths window today just shows how market has changed in a year
Yes they are certainly struggling to shift some models, especially the bigger pieces! 👌🏻
@@thehonestwatchdealer So Omega and Breitling must really be having a hard time if watches in windows equates to struggling to sell.
Like DeBeers.. they control the prices and inventory.. Rolex are way way way overpriced ..
I’ve been waiting over 1 year for a Air King from my AD. Not like I’m asking for a top seller.
Wow mate that’s unbelievable, so many clients are tired of waiting, they just want the watch that they deserve 🙌🏻
I personally know three people (including my brother) who have turned down the bluesy at retail. It’s just not worth the retail price.
So they were only buying it to make money?
@@okidoki2952 more what else you can buy for £14,200. The bluesy isn’t a lot of watch for that price. It’s embarrassingly lacklustre at £14.2k
@@okidoki2952 Yep, to flip it.
What happened with the customer trying to sell you a stolen watch?
In the us there is a system where you can check if the watch has been reported stolen. You need to wait 30 days before you can sell it. If you notice they take two forms of Id when they buy your watch. If it’s reported stolen they have your info and can notify the police.
In my country there is also a system where the police have a registry with S/N and ID. I wouldn’t buy from non retailers too risky.
Oh no, the people who destroyed the industry are complaining about Rolex holding back during a time of tight finances.
Sub date isn’t “just over” 9000 pounds, it’s EXACTLY 9000 pounds
I was recently offered a sundust Daytona via AD. I turned it down because of the most recent price increase. Each model are released in batches, we all know this.
The reason why people are going with GMT Bruce Wayne on oyster is because it got 40mm maxi-case style with 3235 caliber, by which the new submariner is in 41mm new case size. There are people seeking the maxi-case but wanting the new caliber. GMT Bruce Wayne on oyster has become a better choice over 41mm submariner.
Interesting point mate, you might be onto something 🤔
00:31 - That's a Sea-Dweller 😅
also plenty of steel Daytona
Are you seeing more Pepsis?
We’re personally still seeing very few 2024 GMT Pepsis hitting the market 🙌🏻
@@thehonestwatchdealer thank you 👊🏽
All the ones I am seeing seem to be 2021 for some reason...
Wish you were my Rolex AD… I’m going to be in Vegas at mine next week and am already preparing to be insulted even tho I’ve spent 7 figures with her bosses.
Very sorry to hear that’s what you are expecting after such a big spend history!
We would love for you to be a client of ours one day 👌🏻
@@thehonestwatchdealer if it goes as sh*tty as I anticipate it will, I guarantee you’ll get the call.
Why on earth would you see an AD in VEGAS? I mean you’re asking for heartbreak. It would be easier to buy a Burkin bag in Paris or a Ferrari in Monza
@@errolmclaughlin1482 because I know the owners of Rolex/Patek AD fir starters.
Second they also own 16 other Brand AD’s.
Any more questions?
@@errolmclaughlin1482 to be clear… my issue with their store manager not the owners themselves who have been great to me. Flew me to US Open @ Pebble Beach… picked up entire bill for everything.
They’ll simply tell their manager to start selling Rolex’s to me again or I’ll move LWC. Simple as that.
Rolex sure did mess up the Oysterflex Daytona PN by eliminating the red second hand. I have the older 11 reference with the red hand, and it makes the watch look very special.
It looks so good with the red chrono hand doesn’t it, a lot of people agree with you on that one!
With Rolex flooding the market and making too many watches, prices can only fall further. Avoid any purchase of a Rolex.
Aka the Zombie?
Is 126234 Wimbledon a good buy?
On the jubilee it's still an incredibly sought after model and a great option to buy and wear and enjoy! However, it's currently trending for around list 🙌
@@thehonestwatchdealer I’m currently torn between the Rolex Datejust Wimbledon 36 with Jubilee and the version with black dial and 10 diamonds. Any suggestions on which one I should choose?
“Just to let you guys know” x 100000
Slow down! These watches have already been produced and are still being produced right now in very large quantities. The specific question is: why can't we buy these watches in a boutique at the recommended price without unreasonable expectation, but there are a lot of them in the condition of new ones on the secondary market from organized groups of sellers? What is the specific and clear reason? Watches are designed, manufactured, and marketed. And what exactly do the gray dealers produce? What do they want money for? What is the added value? If there is a product and there is a lot of it, but we cannot buy it at the recommended retail price, then it is someone's fault, and this fault is not ours. It's not fair somehow.
Dear author! Why dealers don't have watches available? Because in some obscure way you are buying and reselling to us with a margin for it is not clear why.
I repeat: what is the added value asking for?
If, because of the activity of gray dealers, it acquires such a scale that it begins to greatly distort the original market, makes it impossible to purchase already manufactured goods at the stated recommended retail price - this must be illegal.
Health!
The reason the grey market exists is simple, there is a demand and people are often willing to pay a premium to get something. There are also people willing to buy a watch from an AD and take it direct to a grey market trader or resell it themselves to make a quick profit. There is no law against this, nor should there be, as once you buy anything it is YOUR property and nobody has the right to dictate that you can't sell it or dictate a price you should be allowed to sell it for, because every buyer has the right to say no to the price and walk away.
Also ADs sometimes sell a desirable model that is in high demand direct to grey market dealers through the back door, or to a 'lucky' customer who could be a friend/relative/associate of a grey market trader. Although Rolex may not officially 'approve' of this, the fact that grey market can sell at higher than list helps their image of desirability as it seems buying at list price is great value and people will be more willing to join a list, possibly buy something else in store or buy another model under the assumption that paying list price for any Rolex product is a great deal.
If you believe it is immoral or reasonable has no relevance as it isn't illegal, the only question is how how much are you willing to pay. If you are willing to pay a premium price you'll probably get one relatively easily, if not expect a long wait.
It is smple really - list prices are meaningless once an item has been sold. Just decide how much an item is worth to you and only buy if it is something you really want and you feel the price is right,
You can't insist that someone sells to you at a price you dictate just as the seller can't insist you buy an item, you both have the right to refuse
In my case the few watches I would buy and wear aren't in high demand or currently fashionable so are easy to buy at list, or occasionally less so I absolutely know they are not investments and will lose value. I don't care about it losing value over time, but the only questions I ask myself are the same - do I want it and am I willing to pay the price.
@@philjones352 An entire category of mass-produced goods is being withdrawn from the primary retail market in order to generate prices that are very different from those that the manufacturer publicly declares. the people who do this have a cartel agreement. The ordinary consumer is in unequal conditions with the gray dealers to whom the watches are initially sold. A "consumer" is a subject of law. All consumers have equal rights. But we are seeing a segmentation of consumers into those who have the right to buy watches directly from a boutique and those who cannot. It is illegal and immoral
An entire category of mass-produced goods is being withdrawn from the primary retail market in order to generate prices that are very different from those that the manufacturer publicly declares. the people who do this have a cartel agreement. The ordinary consumer is in unequal conditions with the gray dealers to whom the watches are initially sold. A "consumer" is a subject of law. All consumers have equal rights. But we are seeing a segmentation of consumers into those who have the right to buy watches directly from a boutique and those who cannot. It is illegal and immoral
@@bgpsbgps1 Your rights as a consumer aren't being abused, nor are you being denied the right to buy as a waiting list means there aren't any in stock at that time to sell to you - but as ALL privately owned businesses have the right to refuse service you don't cannot claim an absolute right to buy anything or even enter their premises if you are instructed to leave. Your consumer rights don't trump a private business owner's rights.
Flippers who walk out of an AD and hand their watch to a grey market trader AREN'T breaking any laws, Nor are the grey market traders.
You may not like the current situation, but no laws are being broken by selling on a secondary market at a profit as all businesses must make a profit to exist. The only law that dictates pricing is the law of supply and demand.
YOU can't claim consumer protection rights or quote specific laws because they aren't applicable - if you haven't bought something you aren't a consumer. If you do buy via the Grey market for more than retail then you agreed to the price. As long as the item you bought was accurately described the transaction is completely legal
Most secondary market traders are registered businesses that have the same legal obligations as any other business. They have been around for years - if they were breaking any laws they would have been shut down years ago.
It is not true. A public retail entity sells goods on a strictly priority basis to persons who use the purchased goods for subsequent resale for personal enrichment; at the same time, consumers wishing to purchase goods for personal use are placed in the position of "secondary". Once again, the retailer actually conducts b2b activities, which has become its main source of income. This is illegal, belittles consumers, creates additional costs and worries for them, distorts state economic statistics
What’s the market looking like for steel and gold datejust 41?
Such a stunning model, however, the market has slowed on all Bimetal models as a result of the high RRP 🙌🏻
So how much are the Bruce Wayne's going for on jubilee?
The 126710GRNR on jubilee is currently around the £16k mark in the secondary market 🙌
I'm still waiting for the call from my AD for the steal and gold Daytona with black face. For me the gmt looks the best with the jubilee awesome looking watch
Ah both incredible models, hope you get the call soon!
Thanks for watching 👌🏻
Some watches just look better on Jubilee vs Oyster.
What a racket!!! 😂😂. Sales 101. 😂😂😂
No love for the TT DJ
Yachtmaster 40 is best value steel Rolex model
It is a stunning model isn’t it! 🙌
I think the RRP for it does not make it a great value for money. Both dials (blue & rodium) are stunning however
There is no shortage of ROLEX watches.
Shortage 😂😂😂
They are mass produced
The shaded GMT is a joke. Very unimpressive in person, much like a white Daytona.
Notice how majority of the people that have a bad experience with an AD, come in with a know it all attitude. Imagine if you're a chef & you go to NASA talking about all of this Mumbo jumbo about knowing physics and astronomy, it would be much harder for them to take you seriously, don't you think?