Rolex PM Under Valued

[kmzandrew777]

Originally Posted by zapokee

Vintage Day-Dates like the 1803 are still very conservatively priced. A classic, iconic gold watch on a President bracelet for 10 grand or so? I'm in!

I agree. If I wanted to invest in watches it would be vintage day-dates.

[Boaters]

Originally Posted by brandrea

I can’t believe no one has brought up the worth of the raw metal if you melt it down

Thats a good one Brian ,,,, What was the price of gold??? .... lol

[JSCP]

I have several PM Rolex, see signature. 2 were bought at retail w discount. In Those days I got very good deals /discounts.

Not anymore, no discounts, and it’s very hard to get with even the PP’s

The weight of gold is an amazing feeling, better than SS.

[Low-Key]

Originally Posted by Chiboy

Prices are so crazy for hot PP and Rolexes these days that it seems in comparison, MSRP or close to it is reasonable. IMO, unless you're looking for your first nice watch or can get the one you want from an AD, now is a good time to sit out the buying of watches.

After what we’ve seen happen to the market lately, +1 to this, for sure. My Jackie Stewart 118206 is up at least 50%, and even my Hulk w B/P is going for a full 3x what I bought it for- and this, even after being supplanted by the 126610LV. Definitely time to sit out an inning or 2 for things to cool off, if our compulsiveness will allow. “To everything there is a season….”

[YGRLX]

Originally Posted by Master_Grogu

The fact people here are saying 40k for 200g of gold (18k, not even 24k!) is a good deal is the definitive proof that Rolex marketing and pricing team is the best of the entire world.

What is the raw material of a birkin bag or Chanel bag…

[ramenlover]

Originally Posted by Master_Grogu

The fact people here are saying 40k for 200g of gold (18k, not even 24k!) is a good deal is the definitive proof that Rolex marketing and pricing team is the best of the entire world.

It’s worth it if you can’t think of something to substitute

[Ichiran]

There are way less 5711/1R produced as compared to DD and gold sports Rolex. The Nautilus are also harder to get from AD than Rolex.

[Wahlberg]

Originally Posted by peterpl

I think everyone is realising that Rolex PM was way way way too cheap in the past.

(i.e) DD40s for $26k, Full RG SKyD on Bracelet was $33k-$35k BNIB, 116618LB was like $26k-$27k.......the list goes on and on.

Now they have all increased in price substantially as well - however yes I still think they are worth the price when you compare with full gold APs/Pateks and VCs.

They are getting expensive though. RG SyD is now listed at grays for $60-$65k. Big money even if you are a millionaire to drop this coin on a watch.

Yet no one bought all those gold Subs/GMTs/Daydates/... when they were readily available at 20-25k. Don't make me laugh.

And stop comparing them to overinflated prices lik the APs and Pateks.

Some people have lost their mind.

[rambo99]

how can this piece command such a high premium? i really dont understand.

[huncho]

Originally Posted by Wahlberg

Yet no one bought all those gold Subs/GMTs/Daydates/... when they were readily available at 20-25k. Don't make me laugh.

And stop comparing them to overinflated prices lik the APs and Pateks.

Some people have lost their mind.

things change and rolex started playing the same game hermes does. hence the realizing. back then there was basically no hype so yes, no one had a reason to buy a day date for msrp because it would instantly drop 20%, same with if you bought it from greys because your money still wasn't "safe", unless you were actually into watches and liked them (and we all know we're a very small minority here). then the hype exploded and rolex realized that instead of just letting it play out naturally and having the bubble eventually pop they can keep it going themselves to keep profits maximized and they'll keep this model going forever just like hermes does with the birkin. now normal casual consumers realized it's not so bad to put 25k into a gold watch because you won't lose money. the WIS community is too small to create such a crazy grey market premium and it only happens once everyone else gets in. so yeah back then there was a reason they were sitting in cases, now there's a reason they aren't

[ramenlover]

Originally Posted by rambo99

how can this piece command such a high premium? i really dont understand.

Limited to 125 pieces, not to mention green dials are reserved for really special Royal Oaks.

[peterpl]

Originally Posted by Wahlberg

Yet no one bought all those gold Subs/GMTs/Daydates/... when they were readily available at 20-25k. Don't make me laugh.
And stop comparing them to overinflated prices lik the APs and Pateks.
Some people have lost their mind.

Huh? WTF are you on about? Plenty of ppl bought them. In fact majority of members in the 3 watch clubs I belong bought HEAPS of gold pieces back then including myself.

I've always loved gold and it was common knowledge amongst many watch clubs that gold watches was way way undervalued. Every single one of those gold watches I bought back then have doubled in value or more (well nearly all). Some guys in the clubs I am a member of have made an immense amount of money now especially the ones that stocked up on Plat Daytona's and YG Daytonas.

(i.e)

Paid $27k for a RG DD40 olive dial - today its $60k
Paid $27k for a RG DD40 choco dial - today its $48-$50k
Paid $26k for a YG DD40 for $26k - today they are around $40-$42k
Paid $33k for a RG Skyd on full bracelet - today these are $65k
Paid $28k for a WG Daytona - today its $60k+

Ppl just realised PM was way undervalued and now they are even more hyped than SS. HEAPS of ppl bought them just not you.

[Ichiran]

Originally Posted by ramenlover

Limited to 125 pieces, not to mention green dials are reserved for really special Royal Oaks.

This is a lovely AP. The 5990/1R is also not far behind in terms of secondary pricing although it is not limited. Pricing for these gold AP and Patek has really gone through the roof.

[m j b]

Originally Posted by brandrea

I can’t believe no one has brought up the worth of the raw metal if you melt it down

Originally Posted by Master_Grogu

The fact people here are saying 40k for 200g of gold (18k, not even 24k!) is a good deal is the definitive proof that Rolex marketing and pricing team is the best of the entire world.

Originally Posted by Wahlberg

Some people have lost their mind.

Yeah Brian, I was going to mention it, but didn't want to deal with the hate and anger directed my way. It costs basically the same to manufacture a watch with the same movement but only a gold versus stainless steel case and bracelet. So for the additional cost of material, they get how much premium?

I had a gold Daytona once. It was just like the SS one that I had before it, except a little bit heavier. And today, I suspect that the SS one is worth more (both with metal bezels). 'splain that one.

[brandrea]

Originally Posted by m j b

Yeah Brian, I was going to mention it, but didn't want to deal with the hate and anger directed my way. It costs basically the same to manufacture a watch with the same movement but only a gold versus stainless steel case and bracelet. So for the additional cost of material, they get how much premium?

I had a gold Daytona once. It was just like the SS one that I had before it, except a little bit heavier. And today, I suspect that the SS one is worth more (both with metal bezels). 'splain that one.

I hate to always be that guy too.

Sent from my SM-G960W using Tapatalk

[teck21]

Originally Posted by huncho

things change and rolex started playing the same game hermes does. hence the realizing. back then there was basically no hype so yes, no one had a reason to buy a day date for msrp because it would instantly drop 20%, same with if you bought it from greys because your money still wasn't "safe", unless you were actually into watches and liked them (and we all know we're a very small minority here). then the hype exploded and rolex realized that instead of just letting it play out naturally and having the bubble eventually pop they can keep it going themselves to keep profits maximized and they'll keep this model going forever just like hermes does with the birkin. now normal casual consumers realized it's not so bad to put 25k into a gold watch because you won't lose money. the WIS community is too small to create such a crazy grey market premium and it only happens once everyone else gets in. so yeah back then there was a reason they were sitting in cases, now there's a reason they aren't

This really explains why Rolex rules the market.

It doesn’t matter whether the watch is 10, 20 or 50k.

If the buyer isn’t going to lose much, or any money after buying it, the Rolex hobby is in fact super cheap. Almost free.

A luxury good that costs nothing? That’s Rolex:

People all over the world now realise it.


Sent from my iPhone using Tapatalk

[ramenlover]

Originally Posted by m j b

Yeah Brian, I was going to mention it, but didn't want to deal with the hate and anger directed my way. It costs basically the same to manufacture a watch with the same movement but only a gold versus stainless steel case and bracelet. So for the additional cost of material, they get how much premium?

I had a gold Daytona once. It was just like the SS one that I had before it, except a little bit heavier. And today, I suspect that the SS one is worth more (both with metal bezels). 'splain that one.

Watches are emotional purchases, and I do not think it is fair to say that for a gold watch for to be worth X amount more than a steel watch, there has to be X amount more material costs that go into it.

I happen to really like the white gold Daytona w/ blue dial. That combination does not come in steel so I would happily pay the asking price for it at retail. The amazing feel of white gold on the wrist is a bonus.