What’s going on with Sub prices?

[Dsmith1974]

A decent pre-owned 116610 is typically £10K or more pre-owned. I didn’t think the waiting list was that long. Are there really that many people prepared to pay a £3K premium rather than wait a couple of months?


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[Master_Grogu]

Everything is on the rise. Even TT subs are fetching a large premium, despite being known for years as instant loss leaders.

Hell, even PM is at a premium now!

[turkeysub93]

The delta between buying from an AD vs grey is marginal for a black dial/black bezel Submariner relative to the likes of GMT, Daytona, Sky-Dweller.

[Mwhite110]

Originally Posted by Dsmith1974

A decent pre-owned 116610 is typically £10K or more pre-owned. I didn’t think the waiting list was that long. Are there really that many people prepared to pay a £3K premium rather than wait a couple of months?


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116610 is discontinued so price went up.

[RealMadrid1988]

If you have sufficient purchase history, agree it could be 2 months or less. If you don’t have much history or none at all, I think you’d be extremely lucky to source one from an AD in that timeframe. Some people on here have heard “years” — for a SubC. Everything is on the rise.

[teck21]

Originally Posted by Dsmith1974

Are there really that many people prepared to pay a £3K premium rather than wait a couple of months?

You should do the clever thing of waiting a couple of months for a sub from each AD and then selling it.

That really is free money.


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[1911 Man]

I contacted my AD for a standard LN Sub date back last summer. When the new model was released in September, they assured me I am on the list. Still waiting.

[Master_Grogu]

Originally Posted by 1911 Man

I contacted my AD for a standard LN Sub date back last summer. When the new model was released in September, they assured me I am on the list. Still waiting.

Ouch.

I got one as a walk in and another after 2 months waiting, both LB.

[Dsmith1974]

Originally Posted by 1911 Man

I contacted my AD for a standard LN Sub date back last summer. When the new model was released in September, they assured me I am on the list. Still waiting.

I’d give them a prod or try a different AD. I don’t the wait should be that long for a basic sub.


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[Crazy Lugs]

Originally Posted by Dsmith1974

I’d give them a prod or try a different AD. I don’t the wait should be that long for a basic sub.


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I think you're out of the loop regarding current (insane) demand along with reduced production due to Covid. Things have changed significantly for the worse with regard to availability over the last year.

I picked up a 114060 as a walk-in back in January 2019, and that was a minor miracle at the time.

[SeaDweller50]

You’ll wait years now in the U.K. and that’s if you’re lucky to be accepted onto a waiting list at all.

[GMNI]

I’m 3 months on the list in UK for a sub, bit of history with AD but all they said was “no guarantees”.

[RolexEDC]

5 digits and 6 digits all asking price of eye popping rates!

[Roddypeepa]

Originally Posted by Dsmith1974

A decent pre-owned 116610 is typically £10K or more pre-owned. I didn’t think the waiting list was that long. Are there really that many people prepared to pay a £3K premium rather than wait a couple of months?


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“Couple of months?” Never for most or months of you’re a serious heavy hitter least in the UK.


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[Dsmith1974]

Originally Posted by Roddypeepa

“Couple of months?” Never for most or months of you’re a serious heavy hitter least in the UK.


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Oh dear.. seems I’m a little out of touch. That’s a pretty depressing state of affairs. Let’s hope it’s not the new normal or here to stay.


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[Krash]

Glad to see the used market for the 114060 around $11k to $12k.

[Harry-57]

Originally Posted by Dsmith1974

A decent pre-owned 116610 is typically £10K or more pre-owned. I didn’t think the waiting list was that long. Are there really that many people prepared to pay a £3K premium rather than wait a couple of months?

Waiting a couple of months, or even a couple of years for an AD to deliver you a new 116610 is going to be a futile exercise.

The reason the 11 series is in such demand and is holding value is that people want them and Rolex aren't making any more of them.

The 12 series is a completely different watch with a movement which is not universally regarded as bullet proof like its legendary predecessor. If you want a 12, that's fine. If you want an 11 you'll pay grey or forget it.

[Dsmith1974]

Interesting. Is the new movement known to be less reliable, or is it just an unknown for sure?


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[Computantis]

Originally Posted by Harry-57

Waiting a couple of months, or even a couple of years for an AD to deliver you a new 116610 is going to be a futile exercise.

The reason the 11 series is in such demand and is holding value is that people want them and Rolex aren't making any more of them.

The 12 series is a completely different watch with a movement which is not universally regarded as bullet proof like its legendary predecessor. If you want a 12, that's fine. If you want an 11 you'll pay grey or forget it.

Yep. I bought an unworn example of an 116610. I wanted a 3135, wide-lug, 20mm bracelet Submariner.

[joli160]

I take the 11 over the 12 everyday, apparently not the only one

[ndrs63]

My precious!!


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[Brich436]

This thing sucks! It’s terrible!




NOT!


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[Harry-57]

Originally Posted by Dsmith1974

Interesting. Is the new movement known to be less reliable, or is it just an unknown for sure?

Depends on who you ask. There is a poll and a very informative live thread running in this section. There are certainly some question marks.

https://www.rolexforums.com/showthread.php?t=786299

I'm not putting the 11 series up for Pope or anything, but I personally prefer this model range in SS TT and PM. With three generations of highly regarded Subs (1, 11 and 12) still very much in common use and circulation, there is now pretty much something for everyone. At a price.

[Nairn1980]

People are having to jump through hoops to get an OP or even DJ41.
A “basic sub” is definitely a difficult acquisition from an AD these days without decent history (in most cases)

[RayRay89]

I bought a 14060 for 5K 3 years ago and it’s worth double. I’m happy

[Gerardus]

Originally Posted by joli160

I take the 11 over the 12 everyday, apparently not the only one

[Gerardus]

Originally Posted by Brich436

This thing sucks! It’s terrible!




NOT!


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I love this reference, Nice FatBoy pic ;)

[1William]

Through the AD is possible with the right timing and connections. More than likely though you are going to wait and continue to wait. The difference between Grey pricing and AD is not significant enough to dissuade many. If it is about the watch and not the money then the course is clear for a Submariner. For a Daytona or other watch maybe not so much from a Grey. I buy Rolex almost exclusively from Grey's and think nothing about paying market prices. So far I have made money on flips when I want something else but that could change when the music stops and prices adjust. If that happens and even then I want all my watches so it would have to take a huge hit for it to change the market significantly. If you want a Submariner then go find a good example from a Trusted Seller, contact them and negotiate and get your best price. Pay and have the watch by lunch the next day and start the ownership experience. Good luck.

[m j b]

It's absolutely ridiculous, IMHO.

[Boaters]

Originally Posted by Gerardus

I love this reference, Nice FatBoy pic ;)

I second that what a beauty!!