2018 GMT CHNR...Crazy Grey Price

[Swiss Mad!]

So the first wave of 2018 GMT CHNR's are starting to filter through to AD's which is good.

However, what's not good is it appears that Rolex are still allowing their AD's to let the watches fall into the wrong hands - instant flippers rather than trusted customers who actually want to own and wear the watch for themselves.

Quick check on Chronograph 24 and there are already 11 for sale at crazy premiums.

UK list price is £10,350.

One private seller in the US is asking $29,999 - which according to Chrono24 converts to £22,588GBP well over DOUBLE the UK list price!

This is madness...what will they be asking for the SS Pepsi when they start appearing? Triple????



Sent from my Moto G (5) using Tapatalk

[No SUBctitute]

Originally Posted by Swiss Mad!

However, what's not good is it appears that Rolex are still allowing their AD's to let the watches fall into the wrong hands - instant flippers rather than trusted customers who actually want to own and wear the watch for themselves.

You won't be complaining a year or two from now when the greys are selling the TT GMT at a discount per usual.

[Swiss Mad!]

Hope your right...

Originally Posted by No SUBctitute

You won't be complaining a year or two from now when the greys are selling the TT GMT at a discount per usual.

Sent from my Moto G (5) using Tapatalk

[dbadamhk]

Is this not business as usual for new, hot releases?

[russ86]

Just checked chrono24, 5000 premium is the lowest I found, not that bad. Waiting for Pepsi to hit the grey market, that would be crazy

[Fleetlord]

Originally Posted by Swiss Mad!

So the first wave of 2018 GMT CHNR's are starting to filter through to AD's which is good.

However, what's not good is it appears that Rolex are still allowing their AD's to let the watches fall into the wrong hands - instant flippers rather than trusted customers who actually want to own and wear the watch for themselves.

Quick check on Chronograph 24 and there are already 11 for sale at crazy premiums.

UK list price is £10,350.

One private seller in the US is asking $29,999 - which according to Chrono24 converts to £22,588GBP well over DOUBLE the UK list price!

This is madness...what will they be asking for the SS Pepsi when they start appearing? Triple????



Sent from my Moto G (5) using Tapatalk

How should dealers stop this?

Are you really surprised at this pricing? What did you expect?

[Swiss Mad!]

Originally Posted by Fleetlord

How should dealers stop this?

Are you really surprised at this pricing? What did you expect?

Dealers should only sell the 'hot' models to customers they know and trust not to instantly re sell.

These flippers are just spoiling it for the likes of you & me who just want to be able to own one for ourselves and not use them as a commodity for profiteering.

Unfortunately, yes I expected the new models to comand a premium on the secondary market, but more than double the UK list??

Come on, even SS Daytona's don't command that level of inflation!

Sent from my Moto G (5) using Tapatalk

[coxswain]

Maybe Eric was right. If the market price for the two-tone CHNR is $29,999, the full-gold CHNR should be $45,000 or even more.

https://www.rolexforums.com/showthread.php?t=604736

[Mezz72]

it’s very simple.
don’t buy it! this is really ridiculous.


Sent from my iPhone using Tapatalk

[jimcarver]

Originally Posted by Swiss Mad!

Dealers should only sell the 'hot' models to customers they know and trust not to instantly re sell.

These flippers are just spoiling it for the likes of you & me who just want to be able to own one for ourselves and not use them as a commodity for profiteering.

Unfortunately, yes I expected the new models to comand a premium on the secondary market, but more than double the UK list??

Come on, even SS Daytona's don't command that level of inflation!

Sent from my Moto G (5) using Tapatalk

They are not commanding that at all, its just some chancer putting it up for crazy money which he will never get as there are plenty of much cheaper options.

I can kind of see your point but to say dealers should only sell to buyers they know is a bit elitist (although I realise that is the way its going). Not everyone wants to buy a load of watches just so an AD trusts them.

[Swiss Mad!]

Originally Posted by jimcarver

They are not commanding that at all, its just some chancer putting it up for crazy money which he will never get as there are plenty of much cheaper options.

I can kind of see your point but to say dealers should only sell to buyers they know is a bit elitist (although I realise that is the way its going). Not everyone wants to buy a load of watches just so an AD trusts them.

Agree 100% but no AD will, for example, sell you a SS ceramic Daytona unless you have a history with them & are considered a 'premium' customer.

It is the AD's that are setting the 'elitist' ground rules not me.

Sent from my Moto G (5) using Tapatalk

[peterpl]

Just testing the market. Early adopters will have to pay up.

Grays list at this price to test the waters. If no-one bites watch the prices drop.

[rgwarden]

Originally Posted by Swiss Mad!

Dealers should only sell the 'hot' models to customers they know and trust not to instantly re sell.

These flippers are just spoiling it for the likes of you & me who just want to be able to own one for ourselves and not use them as a commodity for profiteering.

Unfortunately, yes I expected the new models to comand a premium on the secondary market, but more than double the UK list??

Come on, even SS Daytona's don't command that level of inflation!

Sent from my Moto G (5) using Tapatalk

For what it’s worth I agree with you. When I see a listing in the For Sale section here and it says ‘brand new in box I’m selling My fully stickered BLNR receipt dated April 2018’ it honestly just makes me angry. Why not write instead ‘brand new BLNR that I bought for no other reason than to make some quick money here’
I know I know you’ll all tell me that’s the market blah blah blah if someone wants it badly enough they’ll pay blah blah that’s capitalism blah but that doesn’t mean I have to like it.


Sent from my iPhone using Tapatalk

[G'ed]

Who’s buying?

[joli160]

Prices will go down soon enough, after a while you'll even get a discount again as is common for TT references.

[fskywalker]

Originally Posted by G'ed

Who’s buying?

X2


Sent from my iPhone using Tapatalk Pro

[1William]

Asking and getting are two different things. I agree that the prices are crazy and it is indicative of a market that is out of balance with supply and demand. I also think that once I purchase an item that it belongs to me and not the seller and I can do what I please with the item. A lot of issues arise when the AD's take a different stance and it impacts the market in a negative way. Rolex should stop playing games and start releasing the watches to meet demand.

[watchwatcher]

Crazy.

[GoingPlaces]

Simply protest by not purchasing. Is anyone surprised, I mean the way its going this will be the case after every Basel release going forward. If you want a hot watch you are going to have to pay for it unless you have the connection. Looks like this is the way going forward.

[DTNSS]

I have absolutely zero interest in that watch, so...

[glamorama]

It will also be hard for people to accept those prices because nobody has really seen one live so won't take the chance. Guess it will die down once novelty wears off after summer.

[Tampashooter]

Why the outrage over the Basel pieces, due to newness or availability or whatever, yet the common refrain over SS Daytona is, “life is short, overpay and enjoy it!”

I personally wouldn’t pay over msrp for any watch, just pointing out the dichotomy.

[LAFLARE]

Originally Posted by coxswain

Maybe Eric was right. If the market price for the two-tone CHNR is $29,999, the full-gold CHNR should be $45,000 or even more.

https://www.rolexforums.com/showthread.php?t=604736

https://davidsw.com/product/rolex-12...18k-rose-gold/

[drmizzou]

I agree that if we as consumers take a stand and don’t buy these watches from profiteers, then prices will come down and these people selling them at premiums will no longer buy them as no profit is here to be had and we’ll readily find them at ADs. Although gorge in its own right, the chnr is not for me so no problems here. I am ticked that more than 2 years now since DaytonaC release and I still can’t find one at retail despite purchasing more then $70k worth of Rolex and Tudor watches in the past 3 years from 2 ADs.

[seadweller43]

already for sale in one of the largest local grey dealer, but still unavailable in any AD in Hong Kong.

[dmash]

Originally Posted by No SUBctitute

You won't be complaining a year or two from now when the greys are selling the TT GMT at a discount per usual.

A year or two? Give it a month or two, it’s two tone

[BobDyl]

Much as I love this reference, it's doubtful these asking prices will maintain for very long. Will be checking back in in a couple months...

[T01]

I like the watch, but would never pay over retail for it. Frankly I would probably not even pay retail, I'm sure it will eventually trade for well below just as most TTs do.

[airpeace]

the grey can ask whatever price they want, but finding people who are willing to pay for it is a different story.

[yannis]

If no one pays those ridiculous prices, they will eventually come down.