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OLJR · 15 May 2011, 04:16 AM

I bought my TT GMTII in December 2010 for 37,000 Qatari riyals.

I just looked at the display in one of the five star hotels near to my apartment when I went to pick up delicatessen for tomorrow's lunch and saw that the price is now 42,000 riyals! That's a 13.5% price increase in 154 days, or 30.0% CAGR!

WOW! Good job that I bought when I did.

TimeToGo · 15 May 2011, 04:51 AM

Excellent move!

That is quite a diff...

Rigsby1 · 15 May 2011, 04:53 AM

Unreal!!!!!!!!!!!

klayface · 15 May 2011, 05:08 AM

And to think my sub has gone up 91% in price in the last 6yrs.

I could sell it , make some money and it would be like getting payed for wearing it.

jamesbondOO7 · 15 May 2011, 05:31 AM

What has the riyal done against the CHF?

OLJR · 24 July 2011, 05:12 AM

Quote:

Originally Posted by OLJR

I bought my TT GMTII in December 2010 for 37,000 Qatari riyals.

the price is now 42,000 riyals! That's a 13.5% price increase in 154 days, or 30.0% CAGR!

UPDATE: I went to the same place last week and the price is now 45,150 Qatari riyals.

That is a 22.0% increase in 218 days or 33.3% CAGR!

MortgageGuy · 24 July 2011, 01:24 PM

Yup and guess what...... It is only going to continue

Mockingbird · 24 July 2011, 01:34 PM

Quote:

Originally Posted by klayface

And to think my sub has gone up 91% in price in the last 6yrs.

I could sell it , make some money and it would be like getting payed for wearing it.

Unless you bought it second hand for dirt cheap, have box, papers, and a service guarantee for the next year I doubt you could do that.

A 6 year old sub isn't going to command a great price. Just because the MSRP rose radically, doesn't mean that the second hand price rose accordingly. (it did rise though)

My issue is with retailers charging new prices for stock from 2005.

But that's an entire issue entirely.

lawman0210 · 24 July 2011, 02:17 PM

I spoke to my Local AD and he told me that in the US the last increase was more to keep up with the price in the World market due to the week dollar. He did tell me that as of July 15 AD's have been told directly by Rolex to tighten up and not give as much as a discount as previously authorized

RBR76 · 24 July 2011, 02:32 PM

Greed?

RBR76 · 24 July 2011, 02:38 PM

2 increases within a year in my country.

Not just Rolex, but Tag Heuer as well.

A huge increase for Omega too.

mitchy · 25 July 2011, 01:20 AM

huge increase made the right move

SPORTSFAN · 25 July 2011, 01:37 AM

I'm happy too. I have my sub and am done with them now.......

johnbeth · 25 July 2011, 01:40 AM

Great purchase and as everyone else already said, they are going to keep going up in price.

texex91 · 25 July 2011, 01:58 AM

There will be another one in the US most likely (according to my AD) this year.

Hey Panerai is about to raise their prices 5-10% Aug 1st. Just the way things are in the world today...low USD value.

Will people complain, yes. Will people keep buying, yes.

Willgotthepower · 25 July 2011, 02:46 AM

Quote:

Originally Posted by texex91

There will be another one in the US most likely (according to my AD) this year.

Hey Panerai is about to raise their prices 5-10% Aug 1st. Just the way things are in the world today...low USD value.

Will people complain, yes. Will people keep buying, yes.

I got sneaky feeling rolex will be putting price up in august like I reported the other day....it is just the way of the (rolex) world!

kilyung · 25 July 2011, 07:43 AM

I hope the US Debt Ceiling impasse is resolved asap... the impact of defaulting would be a jump in the Swiss Franc and thus... ANOTHER Rolex price adjustment!!!

Time2time · 25 July 2011, 08:46 AM

Quote:

Originally Posted by kilyung

I hope the US Debt Ceiling impasse is resolved asap... the impact of defaulting would be a jump in the Swiss Franc and thus... ANOTHER Rolex price adjustment!!!

X2.

7 increases in UK in past 12 months.

2 Reasons:
1) CHF stronger against Sterling.

2) Increases of costs in raw materials .

slashd0t · 25 July 2011, 10:03 AM

Quote:

Originally Posted by Time2time

X2.

7 increases in UK in past 12 months.

2 Reasons:
1) CHF stronger against Sterling.

2) Increases of costs in raw materials .

Which is amusing because the raw material cost to produce a Rolex (With exception to the diamond, gold models etc) is ridiculously cheap compared to their asking price..

gwalker · 25 July 2011, 10:25 AM

I honestly have just started getting back to looking and researching Rolex's and I'm so surprised at how prices have gone up in the past 5 years. I want a Sub now and am just shocked at the prices. Oh well. Guess I need to start buttering up the fiance.

15 May 2011, 04:16 AM	#1
OLJR Member Join Date: Jan 2011 Real Name: Oliver Location: Qatar Watch: GMT-Master II Posts: 260	Holy cow! - 13.5% price increase in 5 months I bought my TT GMTII in December 2010 for 37,000 Qatari riyals. I just looked at the display in one of the five star hotels near to my apartment when I went to pick up delicatessen for tomorrow's lunch and saw that the price is now 42,000 riyals! That's a 13.5% price increase in 154 days, or 30.0% CAGR! WOW! Good job that I bought when I did.

15 May 2011, 05:31 AM	#5
jamesbondOO7 "TRF" Member Join Date: Oct 2010 Real Name: BondJamesBond Location: The Algarve Watch: Rolex or nothing Posts: 4,081	What has the riyal done against the CHF? __________________ ♛ 5-digit Rolex or nothing ♛

24 July 2011, 01:24 PM	#7
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	Yup and guess what...... It is only going to continue __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

25 July 2011, 01:20 AM	#12
mitchy "TRF" Member Join Date: Apr 2010 Real Name: Mitch Location: . Watch: 116710LN Posts: 2,495	huge increase made the right move __________________ Time you enjoy wasting, was not wasted John Lennon

15 May 2011, 04:51 AM	#2
TimeToGo 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: North Florida Posts: 16,736	Excellent move! That is quite a diff...

15 May 2011, 04:53 AM	#3
Rigsby1 Member Join Date: Apr 2010 Real Name: Darren Location: England Posts: 401	Unreal!!!!!!!!!!!

15 May 2011, 05:08 AM	#4
klayface Member Join Date: Oct 2008 Real Name: Chuck Norris Location: So. California Watch: SS Daytona w/ dial Posts: 346	And to think my sub has gone up 91% in price in the last 6yrs. I could sell it , make some money and it would be like getting payed for wearing it.

24 July 2011, 02:17 PM	#9
lawman0210 Member Join Date: Dec 2010 Location: Baltimore Posts: 17	I spoke to my Local AD and he told me that in the US the last increase was more to keep up with the price in the World market due to the week dollar. He did tell me that as of July 15 AD's have been told directly by Rolex to tighten up and not give as much as a discount as previously authorized

24 July 2011, 02:32 PM	#10
RBR76 "TRF" Member Join Date: Sep 2010 Location: Watch City Watch: Submariner 16610 Posts: 170	Greed?

24 July 2011, 02:38 PM	#11
RBR76 "TRF" Member Join Date: Sep 2010 Location: Watch City Watch: Submariner 16610 Posts: 170	2 increases within a year in my country. Not just Rolex, but Tag Heuer as well. A huge increase for Omega too.

25 July 2011, 01:37 AM	#13
SPORTSFAN "TRF" Member Join Date: Apr 2008 Real Name: Mike Location: NW England Posts: 791	I'm happy too. I have my sub and am done with them now.......

25 July 2011, 01:40 AM	#14
johnbeth "TRF" Member Join Date: Jul 2010 Real Name: John Location: Australia Watch: Depends on mood. Posts: 9,536	Great purchase and as everyone else already said, they are going to keep going up in price.

25 July 2011, 01:58 AM	#15
texex91 "TRF" Member Join Date: May 2007 Location: . Posts: 17,898	There will be another one in the US most likely (according to my AD) this year. Hey Panerai is about to raise their prices 5-10% Aug 1st. Just the way things are in the world today...low USD value. Will people complain, yes. Will people keep buying, yes.

25 July 2011, 07:43 AM	#17
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	I hope the US Debt Ceiling impasse is resolved asap... the impact of defaulting would be a jump in the Swiss Franc and thus... ANOTHER Rolex price adjustment!!!

25 July 2011, 10:25 AM	#20
gwalker "TRF" Member Join Date: Jul 2011 Real Name: Gunter Location: AL/NJ Watch: DSSD; 116610LN Posts: 5,509	I honestly have just started getting back to looking and researching Rolex's and I'm so surprised at how prices have gone up in the past 5 years. I want a Sub now and am just shocked at the prices. Oh well. Guess I need to start buttering up the fiance.

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