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18 December 2021, 11:30 PM | #1 |
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Real Name: Henry
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What Happened to Prices on 16618
Holy smokes. Things have tripled in the matter of 2 years. I took a little break from the forum due to being overly busy building my business. My free time evaporated and here we are some time later.
I always wanted a 16618 so I decided to get one. When I started looking for the watch I discovered they weren’t 17k anymore for early 2000’s, they have now become 25-30 for that same watch, no papers or box to boot. If I am going to spend 25+ I might as well buy another excavator or work truck and make money with them. What the hell happened? I blinked and things changed dramatically. Are these prices here to stay? Has this passion become a game for athletes and movie stars? Did I miss my window? |
18 December 2021, 11:33 PM | #2 |
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Yes, window gone and shut....everything is nuts. Buying or finding one at MSRP is a unicorn for many of us here.
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18 December 2021, 11:45 PM | #3 |
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Part of it is inflation. I bet the cost of trucks and excavators has risen over the same time frame too.
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19 December 2021, 12:55 AM | #4 |
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Sounds like a plan
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19 December 2021, 02:48 AM | #5 |
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Real Name: Henry
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Well thanks for the reality check.
1st amg-you made me laugh. Msrp has become the new unicorn. I am sure kicking myself now. I was about to do it 2 years ago and the one I wanted got sold so I said I would wait it out. I guess I waited too long. Is the concensus these new levels will remain? I am sure bummed. |
19 December 2021, 02:52 AM | #6 |
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19 December 2021, 05:57 AM | #7 |
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What Happened to Prices on 16618
About 6 months ago dealers started buying up 5 digit gold because it was such a great value. When new subs were widely available 25% off for mid to high 20s then the market was fine with high teens for the 5 digit counterparts. Today you’re looking at 46k for a NIB 126618 unless your AD offered you one and you live in a no sales tax state.
The short of it is gold Rolex went from discounted to 10k over across the board and old gold in tow.
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19 December 2021, 06:37 AM | #8 | |
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19 December 2021, 09:53 AM | #9 | |
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I literally lost track of time and poof, things went crazy. I guess the fact that my temporary truck purchase has appreciated is a sign of how screwed up things are right now. The watch I wanted got sold and instead of finding another I decided to wait until another came along…..wrong move on my part. I am so mad at myself. |
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19 December 2021, 09:59 AM | #10 | |
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19 December 2021, 03:14 PM | #11 | |
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Not tied to gold spot at all. Gold is strangely on the sidelines in this run on luxury goods. Don’t worry about it man. We are all in the same boat. I passed on many and sold some I shouldn’t have. If I told you all the wrong moves I made in watches alone the past 2 years you’d laugh.
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19 December 2021, 03:20 PM | #12 |
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I should have bought more Rolex ,over the past 20 years .
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20 December 2021, 01:20 AM | #13 |
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20 December 2021, 04:29 AM | #14 | |
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20 December 2021, 01:08 AM | #15 |
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Real Name: Henry
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I just saw a BNIB hulk for sale at 22k. It’s official, things are inflated to a level most have never seen. I have come to the conclusion, unless I want to burn my extra money in a fire pit, I should wait until this bubble bursts. Even used subs are advertised for 15k +.
Again, I honestly got caught up in life and when I came back on the forum it was like a different world. If anyone has an older 16618 they wants to sell drop me a line. Otherwise I will see everyone in a year or so when normalcy returns….I hope. |
20 December 2021, 01:14 AM | #16 | |
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20 December 2021, 01:52 AM | #17 | |
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20 December 2021, 04:01 AM | #18 | |
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20 December 2021, 04:30 AM | #19 |
Banned
Join Date: Dec 2015
Real Name: Henry
Location: Rhode Island
Watch: Rolex
Posts: 990
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20 December 2021, 02:02 AM | #20 |
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Real Name: Henry
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I build new houses and do large scale remodels. Most of the jobs I am working on now were booked prior to this virus. I had a huge backlog prior to the world going crazy. I am honoring all my prior quotes and only charging the difference in materials, no labor up charge. Like most, I can’t find help. Pre Covid I had 10 guys working for me aside from the subs I use. Now I have 1 guy that stuck around and subs are very hard to book because of the volume of work.
When the virus hit I expected to slow down. The opposite happened, I booked more work during the first few months of Covid than I did the previous year. I understand people are stuck at home and see everything they want to change. What I dont understand is how the vast majority don’t work, but manage to get loans for this work. The few new houses I had saved for a rainy day immediately sold. I can’t find land to build on right now so it’s just remodels for the time being. Lumber and material prices have begun going down. The $8 2x4 is now $5, but not near the $3 it was pre Covid. |
20 December 2021, 02:11 AM | #21 | |
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That is very honorable. Covid has changed the landscape for small business and the labor force in America. I too own a small business and tried to hold off price increases to my customers for as long as I could, but there is only so much that can be done when the cost of every single raw material and labor goes up on a weekly basis. When you book some new jobs and start charging market rates, the difference in the price of the watch won’t seem as bad as it does right now. Good luck to you in your search. |
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20 December 2021, 02:07 AM | #22 |
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The prices for 16618 have risen dramatically. Any time I look, all I see are watches ruined by polishing wheels, all soft edged and rounded, ruined. Yet, they still want £25k. They can keep them.
There are hardly any nice unabused ones to be found. |
20 December 2021, 02:11 AM | #23 |
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Coincidently I'm wearing mine that I picked up 2 years ago. I can't believe how much the price has jumped. I would've never considered it at todays prices. I'm glad I got it when I did. It's become one of my favorites.
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20 December 2021, 02:39 AM | #24 | |
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20 December 2021, 02:49 AM | #25 | |
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You have your own business now, go for it
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20 December 2021, 04:43 AM | #26 |
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Welcome to the wonderful world of Rolex.
Have you seen the "not for sale display models" yet? Amusing and/or aggravating for potential customers.
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20 December 2021, 08:09 AM | #27 |
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6 Digit 116618LB new ones are like $45k now. The new 126618LB are like $48k.
So its only natural that the older ones also rise in price. $25k-$30k for a full gold is VERY VERY VERY cheap these days. |
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