I knew I wasn't crazy: prices in 2012 really were THAT low

[rolexryan329]

So last night, I was bored and reminiscing on when I first wanted to buy a Rolex around 2012. I didn't join the forums until 2014 but I had $5,000 in 2012 that I wanted to spend on a Rolex and I was frequently monitoring the classifieds. Which brings me to last night when I was looking at prices 7 years ago from this week:

-16610LV for $5,985
-16570 Polar (z-serial) for $4,275
-16710 Pepsi for $4,800
-BNIB 116710LN for $7,475
-BNIB 116610LN for $6,875
-BNIB 116610LV for $8,400

and just for fun, a BNIB Nautilus 5711 was $23,750

Man how the times have changed...

[mactruck]

I passed on the last 16600 sea dweller from my AD because I thought $5200 (discounted) was too much to spend on the outgoing model.

Ugh.

[The Libertine]

That’s about right. Crazy to think back then you could get two 16710 for the asking price of one today.

[Onequik135i]

I just wished I had jumped back into SS Rolex back then, at the time I had a 2 tone DJ & was transitioning to the GS line (2010 & on).

[Lemonvr6]

Prices weren’t that low

This place is just the preproduction area for grumpy old men 3

[Etschell]

Originally Posted by Lemonvr6

Prices weren’t that low

This place is just the preproduction area for grumpy old men 3

There was less than half the currency in circulation there is today. People dont understand it.

[Enoch]

In Dec 2010, I bought this to celebrate my 50th birthday which was in 2012..

It was £4070.. I walked in off the street and there were 2 in the window and a couple of the newer LVc’s, and a load of Sub C date and no dates GMT’s etc.
The sales man tried to persuade me to go for an LVc but I’d made my mind up that I wanted the 50th anniversary model for my 50th anniversary

[THC]

I wonder if Doc and Marty still have that DeLorean?

[Justingtr]

I paid reseller prices on a 114060 in 2016. After servicing the watch and then selling it to another reseller two months ago I made $50 by wearing a SubC for 3 years.

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[Likestheshiny]

I still find it amazing that only a few years ago I picked up a BLNR for a little less than retail. At the time, the model was so popular that I couldn't get the "usual" discount.

(To be fair, I got lucky -- I bought it in the brief period after it was becoming more available but before all steel models started spiking in value.)

[Dlong]

I wish I bought Apple at $14.

[schoolboy]

Originally Posted by Enoch

In Dec 2010, I bought this to celebrate my 50th birthday which was in 2012..



It was £4070.. I walked in off the street and there were 2 in the window and a couple of the newer LVc’s, and a load of Sub C date and no dates GMT’s etc.

The sales man tried to persuade me to go for an LVc but I’d made my mind up that I wanted the 50th anniversary model for my 50th anniversary

What a great choice

[BisonHead]

I bought my Sub for 1350 GBP in 95 and my SD for 2250 GBP i think in 2006.

The cost was relative though in 95, it was a big big purchase for a watch. My earning power had went up by 2006 (thank goodness), so it wasn't such a massive purchase as it was back in the day.

Unless you can Marty McFly back with a fist full of dollars or pound notes, Its dreaming. Nice dreaming of course, but still dreaming.

[Nikrnic]

It was only 2 yrs. ago in June 2017 l bought a mint no B&P K serial 2002 Sub 14060m for 4700.

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[ttomczak]

Originally Posted by Dlong

I wish I bought Apple at $14.

I wish I had bought the 5711 bnib from David for 22k, regrets.

[sinkholeninja]

Time value of money.

[Uggi]

Originally Posted by Dlong

I wish I bought Apple at $14.

Originally Posted by sinkholeninja

Time value of money.

Spot on. If only I'd bought 10 houses down my road when they were £100k in 1998.

[uscmatt99]

May be fun to create another thread in 5-7 years time where everyone can lament the fact that they were willing to pay $15-20K for a stainless steel GMT. We never know what the future will bring, but what goes up often comes down eventually.

[Gary Busey]

Originally Posted by Uggi

Spot on. If only I'd bought 10 houses down my road when they were £100k in 1998.

Tulips,
Not time value of money. These are watches, not houses

[greenjuul]

I think they will revert in price to an extent. Rolex historically has retained their value so well that it'd be hard to imagine it going significantly below MSRP, particularly the so-called hot pieces.

[Uggi]

Originally Posted by Uggi

Spot on. If only I'd bought 10 houses down my road when they were £100k in 1998.

Originally Posted by Gary Busey

Tulips,
Not time value of money. These are watches, not houses

OK.
If only I'd bought those Amazon shares in 2009.
If only I'd bought that 964RS in 2001.
If only I'd bought that Dali in 1977.
If only I'd bought that LVc in 2015.
If only I'd bought another Bitcoin in 2011.
If only I'd bought another case of Chateau Lafite in 1999.
Tulips my @r5e.

[watchtung]

Originally Posted by The Libertine

That’s about right. Crazy to think back then you could get two 16710 for the asking price of one today.

The way things are going you can almost get 3.


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[sinkholeninja]

Originally Posted by Gary Busey

Tulips,
Not time value of money. These are watches, not houses

Both buyers & sellers (ADs) benefited from Rolex prices in 2012. Buyers who spent their money back then & held onto their watches saw an increase in value over time. ADs received their payments, got rid of old stock & likely reinvested the proceeds back into their businesses. Time value of money therefore applies in both instances.

[beshannon]

Originally Posted by Etschell

There was less than half the currency in circulation there is today. People dont understand it.

[Darina32]

inflation lol
will see prices in few years

[ytsethunder]

Originally Posted by ttomczak

I wish I had bought the 5711 bnib from David for 22k, regrets.

You want regrets? My dad bought a Patek 3712 in ‘05 for £12k. Sold it around the time the recession started for ~£20k. They’re now £100k+ watches.


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[brandrea]

Those were the days.

[ian.thomas]

I bought my like new D-series 16610 in 2006 for $3,600.

[The Libertine]

Originally Posted by watchtung

The way things are going you can almost get 3.


Sent from my iPhone using Tapatalk

Very true.

[t60]

I'm pretty sure Facebook and Instagram had a lot to do with these crazy prices. I know a bunch of folks who are interested in watches now that they see them in their newsfeeds. A click here, a click there, and boom.....