Market Update: Hulk Hits 35k

[Skaramanga]

Originally Posted by Manamana

Rolex last known yearly production is approx 800,000. Let's assume 10% are Subs ( Date, No date, FG, TT, etc). Then assume 50% are Sub date, so Sub Date is approximately 40,000 a year. I heard some say the production ratio was 7 Black Sub to 1 Hulk, that makes Hulk yearly production numbers to be around 5,000 a year. Some say it's 1:10 ratio, whatever it is 15,000 seems a bit low for ten years. Of course first 5-6 years Hulk wasn't popular, and production of total Rolex may be less than 800,000 in 2014, 2015, etc so it may be low numbers, but still 15,000 is very low for any Rolex reference.

I also think that 15,000 is very low, that’s why I ask the question. Thank you for your answer!


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[beshannon]

https://www.rolexforums.com/showthread.php?t=793377

[jaychief]

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[Harry-57]

Originally Posted by Sandpit

Those jingly bracelets are sat on some of the most expensive used / vintage Rolex you can buy. It doesn't make them any less solid because they're hollow.

They still jingle and they still feel cheap and nasty.

[dpt.calvin]

Originally Posted by Harry-57

They still jingle and they still feel cheap and nasty.

I love the rattle/jingle on my 16710 and 79090. I also own a 116710 and 116500 and appreciate the heft of modern bracelets.

[Harry-57]

Originally Posted by rmwill

The selling price is never disclosed. Your analysis is bogus. Asking prices are not selling prices.

If the watch is sold through C24, they know what it sold for. They use this to weight their estimates. It's not an exact science and it never can be. Not all watches advertised on C24 end up being sold through the C24 checkout.

The absolute values don't mean much. A private seller won't get grey dealer money for a watch and someone who sells to a grey dealer won't get an offer close to what the dealer will sell it for. Rules of the road. This doesn't apply just to watches.

What matters more than the absolute values, wherever we get them from, are the trends. At present the trends are all going one way.

[Airane]

Just because someone list a watch for an exorbitant amount of money doesn't mean it's worth that price. I can list a standard Rolex DJ for $100,000 but that doesn't mean someone is going to buy it.

[AK797]

Originally Posted by Ichiran

Patek 5712, 5711, 5990, 5726, 5980, 5740, 5968, 5167, 5168, 5164 - hold my beer.

The Pateks a few years ago were the deposit for a small house, now they buy the house.

[JSolution]

Originally Posted by AK797

The Pateks a few years ago were the deposit for a small house, now they buy the house.

Can’t believe I never bought that 5711 the same as yours at £80k damn!

[JacksonRain]

Originally Posted by AK797

The Pateks a few years ago were the deposit for a small house, now they buy the house.

Absolutely. Much more difficult to sell and move, though. Much smaller market. Always loved your 5711R, Neil.

[TheWatchmen]

45k or 50k for a 116610lv seems crazy and ridiculous…then you look at the turquoise OP41 and it’s not so far fetched. Thing is, if/when it hits 50k for a Hulk how much is your dollar really worth with the ensuing inflation??

[AK797]

Originally Posted by JSolution

Can’t believe I never bought that 5711 the same as yours at £80k damn!

I just had a look on chrono24 and even since last year the prices have nearly doubled again, I honestly had a bit of vertigo for a second looking at the prices...

[AK797]

I wrote this on the PP forum but it is appropriate here too -

I just watched a BBC Show on how in the last decade the rich have got richer and basically won, and they posited that it was mainly due to Central Banks pumping huge money into the economy, ie QE, and that most of that money has gone into investments like property, shares, etc so basically to those with assets, and decidedly not to the vast majority of the working class who most needed the money after years of Austerity caused by the greedy bankers and their crisis.

And it is now clear that watches have fallen into the asset class, and this helps explain why prices have only gone one way and it doesn't look like much will change that new classification, unless major revolutions suddenly engulf the main democracies and the rich and powerful are no longer in charge and feeding each other.

[bob sims]

Where are all the self-styled geniuses who ridiculed people for buying at 17k just a few months ago?
Not all at once now.

[petay993]

Originally Posted by TheWatchmen

45k or 50k for a 116610lv seems crazy and ridiculous…then you look at the turquoise OP41 and it’s not so far fetched. Thing is, if/when it hits 50k for a Hulk how much is your dollar really worth with the ensuing inflation??

I think the Turquoise OP bubble has destabilised the whole Rolex Sports Model market.

Impressionable people are looking at the Tiffany OP41 at $40 - $50 and thinking, if this is legit then the BLRO, CHNR etc are a bargain.

[TheWatchmen]

Originally Posted by petay993

I think the Turquoise OP bubble has destabilised the whole Rolex Sports Model market.

Impressionable people are looking at the Tiffany OP41 at $40 - $50 and thinking, if this is legit then the BLRO, CHNR etc are a bargain.

Maybe, but “destabilized” seems a little strong, just my opinion - but not disagreeing with what you are saying. I think the turquoise OP41 is kind of an anomaly (take that with a grain of salt, relative to what’s happening across the board for all Rolex watches), but mostly due to Patek releasing the Tiffany Nautilus…which seems like a totally silly reason for the crazy prices but it is what it is.

As I continue type this, maybe you have a point. If you didn’t know any better than “if it costs more it must be better”, then yes, the OP41 would make a BLRO seem like a bargain. But I think there cannot be that many people who wouldn’t know better? A three hand “base” model vs a GMT with all its bells and whistles would seem like a no brainer lol…I suppose there are some people who think “I just like the turquoise OP41 better than a BLRO, thus I’m getting that - regardless of cost because it’s the one I want”…but I think there would only be a handful of these folks.

Anyways, just my opinion.

[904VT]

It's a lot more worthy of being a $35k watch than that OP41 pseudo Tiffany's dial. Still says more about monetary inflation than anything. Market is missing the catalyst.

[dialguy48]

If both black/white dial Daytona's break $50k the Hulk will be $40k by the Summer

[Kostas]

I love my LV’s as much as the next person…

But there are levels here :)

[bob sims]

Originally Posted by dialguy48

If both black/white dial Daytona's break $50k the Hulk will be $40k by the Summer

Count on it. Daytona's get pumped out every day. The Hulk pump has done run dry.

[bmrk]

Crazy times crazy price

[JacksonRain]

Originally Posted by Kostas

I love my LV’s as much as the next person…



But there are levels here :)

Got rid of that 18LB. There are levels, but I stopped seeing the 18LB on another level, became tacky to me and the yellow gold on the bezel began to irk me. So off it went, no regrets.

[Kostas]

Originally Posted by JacksonRain

Got rid of that 18LB. There are levels, but I stopped seeing the 18LB on another level, became tacky to me and the yellow gold on the bezel began to irk me. So off it went, no regrets.

sure you did...

[JacksonRain]

Originally Posted by Kostas

sure you did...

Ummm I don't get it. It's gone, I got rid of it. I actually couldn't stand it -- similar to what I felt about the 13LN I got rid of years back. .

You could still like it, don't let me ruin it for you. An all YG dive watch sub is cool, to some. Don't worry, we are all different, you don't need my validation. Like what you like, my man


Attachment 1269549

[cbalster]

Originally Posted by petay993

I think the Turquoise OP bubble has destabilised the whole Rolex Sports Model market.

Impressionable people are looking at the Tiffany OP41 at $40 - $50 and thinking, if this is legit then the BLRO, CHNR etc are a bargain.

Well I see the Tiffany 41 offered at $28k now. Still ridiculous though for a dial color

[JacksonRain]

[QUOTE=JacksonRain;11954182]Ummm I don't get it. It's gone, I got rid of it. I actually couldn't stand it -- similar to what I felt about the 13LN I got rid of years back. .

You could still like it, don't let me ruin it for you. An all YG dive watch sub is cool, to some. Don't worry, we are all different, you don't need my validation. Like what you like, my man

[JSolution]

Originally Posted by Kostas

sure you did...

Yeah have to say that’s not quite how i remembered the story

[petay993]

Originally Posted by Kostas

I love my LV’s as much as the next person…

But there are levels here :)

Beauty and the Beast

[JacksonRain]

Originally Posted by JSolution

Yeah have to say that’s not quite how i remembered the story

RSC botched the refinish and TS was actually a liar and was shady and sold a watch as unpolished when it was indeed polished, molested, and mangled.

That aside, the yellow gold font with that gold blue bezel became hideous to me. I'm sorry if I am ruining it for you guys. I understand. The idea of a solid gold submariner, and that yellow gold, again, became tacky to me. It was gaudy. This has been my perception more and more about this reference and some other references.

Oh, that 13ln that I was talking about. Black and yellow? Think bumblebee. Think Pittsburgh. I just can't with that watch. At one point I thought that TT sub was perfect, one of the most beautiful references, and now I believe it's one of the least appealing.

People's tastes change. And that's okay!

Good day sweetheart.

[Mystro]

I myself after 30+ years with Rolex have evolving taste and style changes. It’s not to say watches I owned years ago I hate now but more of a “been there, done that” and that watch is not me today. I am so glad I experience that watch and all the memories I had with it but it’s exciting to experience other watch designs and colors.