ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
12 December 2010, 10:11 AM | #1 |
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How much should i be paying for this?
Hello all, im fron the uk and im new to this forum,
You all seem very knowledgable!!! Right, I have been after a rolex for a LONG LONG time and i have decided now is the time that i should have one :) Im after a fairly newish pre owned rolex submariner blue face 18ct gold, looking at prices online and in shops they HUGELY range in price, i went into a official rolex jewellers today enquiring and the gentleman told me that he had a brand new one that had been in the shop a while, it was a 2007 blue 18ct gold submariner, with box, papers unsigned, with a 2 year rolex warrentee and a further 1 year paid for warentee from the jewellers for £12.500, the price of new watches are around £17.500. i was told to be warey of pre owned watches as some bracelets can be stretched with it being 18 ct gold, inferier parts used and that servicing should be from rolex otherwise some insurures will not pay out if the item gets stolen etc i think this is a very good price, does anyone else have any views on this? or any help that you feel i need to know. help would be very much appriciated and REP ADDED for help. :) |
12 December 2010, 10:46 AM | #2 |
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sounds fair to me... good price..
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13 December 2010, 02:20 AM | #3 |
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thanks but i feel this thread has been tied to a led balloon haha.
anyone hav input? |
13 December 2010, 02:34 AM | #4 |
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Hi ste
Welcome to TFR This looks a good price (not that I am any expert), Is it a pre owned watch or just a watch that has been in the AD's safe for a few years??
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13 December 2010, 02:36 AM | #5 |
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This makes no sense to me. How would an insurer know if "inferior" parts had been used or had been serviced other than by Rolex?
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13 December 2010, 02:38 AM | #6 |
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Have to agree and the OP did state it was a new 2007 sub bought from a AD with a full two year warranty.Now a new gold Sub in 2007 would have cost around £13.500.
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13 December 2010, 02:39 AM | #7 |
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thanks mate, it is a brand new 2007 model watch that has been sat in the shop for 3 years. oh and i get a 5 year warentee not 3 and a rolex service included
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13 December 2010, 02:40 AM | #8 |
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13 December 2010, 02:44 AM | #9 | ||
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Quote:
Quote:
and that if you dont get your watch serviced by rolex dealer, all be it no more, or direct from from rolex then your insurance will tell you that your watch isnt of the value stated on the papers. so since he has had the watch for 3 years sitting in a box, he told me that he would cover the cost of sending it direct to rolex for a service for free of charge. |
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13 December 2010, 02:47 AM | #10 |
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also does anyone now what sort of depresiation value this watch would have if i bought this watch for £12.500.
i know its an estimate but its a very expensive watch as im sure you will agree and i would like it to be round a bout the same value. |
13 December 2010, 02:51 AM | #11 | |
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Quote:
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
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13 December 2010, 03:49 AM | #12 |
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And the actual need for service on a newer watch more likely 8-10 years for many of us--me being in that camp-unless something is wrong of course!!
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13 December 2010, 05:12 AM | #13 | |
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Quote:
i think basicly what he means about insurance value is that some insurance companies will do theyre very best not to pay out the full amount on an expensive watch if it has become lost or damaged, and i think he is just telling me to be aware, and pay a little more to have my watch serviced by rolex as apposed to a ''universal'' watch shop, so the insurance companies cant turn around to me and say, ''well your watch would be ''x'' amount if you had official rolex records on your papers. blah blah. do you think i will get a better deal or would u say if this is what i want then go for it? thanks |
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13 December 2010, 05:22 AM | #14 |
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It's a fair price for NOS and you shouldn't have any issues with depreciation at what you are paying if down the road you want to get rid of it. Since you shouldn't need any servicing for several years, no issue with this either so Go For it! Don't forget to post pics if you get it.
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13 December 2010, 06:53 AM | #15 | |
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whats nos? sorry for being dozy haha |
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13 December 2010, 07:27 AM | #16 | |
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Can't wait to see pics.
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13 December 2010, 08:10 AM | #17 |
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try hit up some of the sellers here to get comparing quotes... you might be surprised
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13 December 2010, 08:32 AM | #18 |
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Keep in mind that the person telling you these things was trying to sell you a watch.
The part with the insurance is sheer speculation. My insurance company said no such thing and didn't ask where I get it serviced. Just my 2 cents.
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13 December 2010, 01:56 PM | #19 |
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if he offered you £12,500 I would bet he would go lower still,not sure how the ADs stock is paid for but he gave you the 2010 price but did he pay the 2007 price for it,if he did £12,500 may not be his best price?
and if you do take this watch,I would take the free sevice in a few years time rather than now as the watch shouldn't need it yet. |
13 December 2010, 02:18 PM | #20 |
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Solid gold Subs are often offered with discount as they are not a watch an AD would sell every week. Probably why he still has it. As peter has said, new I would have expected you to buy it for about 13500 pounds less say 15% or 11475 pounds. If he is offering you a service why not ask him if he will take off the price of a service so you could have it done in another 5 years
This is starting to look like an 11000 pound gold Rolex. If he has had it since 2007 "Z"? then a bit of haggling won't hurt IMO.
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13 December 2010, 02:52 PM | #21 |
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I thought 18K watches were 25-30% off from ADs?
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13 December 2010, 03:12 PM | #22 |
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MSRP on a all YG Submariner in 2007 had to be in the mid $20k range so he is getting 25% off however I missed the $12500 being BPS instead of Euro so he is asking $19750 USD vs $16500 which I believed. Also think you can do a little better if you shop around. There are dozens available from reliable stores and it seems you should be able to get one in the £11,000-11,500 range pretty easily.
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