The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 27 April 2021, 09:53 AM   #1
noshame
"TRF" Member
 
noshame's Avatar
 
Join Date: Aug 2020
Real Name: Alex
Location: Canada
Posts: 1,696
I had to blink more than twice ...

but I just saw a local post on Craigslist (I live near Vancouver, Canada), for a new, unworn, OP41, coral red, complete set, asking a firm $16k CAD. MSRP is $6950 CAD. That's 130% above retail!!! Am I the only one who thinks that's crazy?!
__________________
Submariner Date 116610LN | GMT-Master II 126710BLNR on Jubilee | Explorer Rolesor 124273 | Submariner Date Bluesy 126613LB
noshame is offline   Reply With Quote
Old 27 April 2021, 09:57 AM   #2
HMHM
"TRF" Member
 
HMHM's Avatar
 
Join Date: Oct 2019
Real Name: HM
Location: 🇲🇾
Posts: 2,478
That’s the name of the game with Rolex these days. Which is quite sad considering it’s their entry level watch…. I think value retention is a great thing for watches. But wait list and absurd premium for an entry level watch kinda takes the fun away.
HMHM is offline   Reply With Quote
Old 27 April 2021, 10:01 AM   #3
Notsoprobro
"TRF" Member
 
Notsoprobro's Avatar
 
Join Date: Sep 2018
Location: USA
Posts: 376
Thats what happens when they launch a "new line" with not many getting rolled out. Even my fiancé who isn't into watches has seen and wants an OP36 in the tiff blue. My SA has told me they haven't even seen a tiff blue 36 come in yet. They've seen it in 41 once and a 36/41 in the green.

I think Rolex grossly underestimated the demand the colors would bring in.
__________________
Rolex GMT 116719BLRO
Audemars Piguet Royal Oak 15510st
Omega Seamaster 210.30.42.20.04.001
Omega Speedmaster Chronoscope 329.30.43.51.03.001
Notsoprobro is offline   Reply With Quote
Old 27 April 2021, 10:02 AM   #4
vh2k
"TRF" Member
 
Join Date: Jun 2020
Location: USA
Posts: 3,018
Flippers be flippin’. I’m sure the Craigslist listing has been emailed to the managers of all the local Vancouver ADs. The flipper will never get another Rolex again. Hope he scores big (this one time).
vh2k is offline   Reply With Quote
Old 27 April 2021, 10:05 AM   #5
WatchGuy1966
"TRF" Member
 
Join Date: Apr 2018
Location: Location Location
Posts: 1,794
That's what I've seen it for on the aftermarkets. Rare to actually see
WatchGuy1966 is offline   Reply With Quote
Old 27 April 2021, 10:54 AM   #6
Thuilln
"TRF" Member
 
Join Date: Oct 2016
Real Name: Nick
Location: YUL
Watch: 16570
Posts: 1,936
Or that Hulk for sale on Canwatchco for 28000$; that’s ridiculous. It’s disgusting, actually.
__________________
Nick

_________________________________________
14060M - 114200 - 114270 - 214270 - 16710BLRO - 16570 - 3570.50 - Cartier Tank Solo - Cartier Tank Française ‘Yearling’ - CWC Navy Diver
Thuilln is offline   Reply With Quote
Old 27 April 2021, 10:56 AM   #7
Laz81
"TRF" Member
 
Join Date: Feb 2021
Location: Canada
Posts: 36
I was just looking at that one. its mind blowing

Quote:
Originally Posted by Thuilln View Post
Or that Hulk for sale on Canwatchco for 28000$; that’s ridiculous. It’s disgusting, actually.
Laz81 is offline   Reply With Quote
Old 27 April 2021, 11:10 AM   #8
1665fan
"TRF" Member
 
Join Date: Oct 2017
Location: East coast
Posts: 6,660
One idiot looking for a bigger idiot....
1665fan is offline   Reply With Quote
Old 27 April 2021, 11:19 AM   #9
P1nky_Up
"TRF" Member
 
Join Date: Jan 2019
Location: Virginia
Posts: 576
Got my wife the green 31. Waiting for a yellow 41 for myself. They’re definitely interesting watches. Demand is there.
P1nky_Up is offline   Reply With Quote
Old 27 April 2021, 11:35 AM   #10
brucethemanlee
"TRF" Member
 
brucethemanlee's Avatar
 
Join Date: Apr 2016
Location: 1 of 13 Colonies
Posts: 8,575
$16k CAD = $12.9k USD.... that's a bargain! You should buy it now!

Trusted seller here in the US is selling unworn for $14375 USD = $17.8k CAD

although there's a discount - I wouldn't trust Craigslist with a $1. So there's a risk premium in buyer from trusted seller
brucethemanlee is offline   Reply With Quote
Old 27 April 2021, 11:36 AM   #11
horseShu
"TRF" Member
 
Join Date: Aug 2017
Location: Dense Rainforest
Watch: Aqua Terra
Posts: 514
You know, I can post an OP41 for sale right now. Perhaps for $15k CAD.
It's a ridiculous price. Is Craigslist gonna stop me? Nope.
Also, I don't own that watch right now. Is the site gonna do something about it? Nope.

Take these ads with a grain of salt.
horseShu is offline   Reply With Quote
Old 27 April 2021, 12:34 PM   #12
fskywalker
2024 Pledge Member
 
fskywalker's Avatar
 
Join Date: Aug 2014
Real Name: Francisco
Location: San Juan, PR
Watch: Is Ticking !
Posts: 25,184
Quote:
Originally Posted by horseShu View Post
You know, I can post an OP41 for sale right now. Perhaps for $15k CAD.
It's a ridiculous price. Is Craigslist gonna stop me? Nope.
Also, I don't own that watch right now. Is the site gonna do something about it? Nope.

Take these ads with a grain of salt.





Sent from my iPhone using Tapatalk Pro
__________________
Francisco
♛ 16610 / 116264
Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 / 210.90.42.20.01.001
Zenith 02.480.405

2FA security enabled
fskywalker is offline   Reply With Quote
Old 27 April 2021, 12:35 PM   #13
HankScorpio
"TRF" Member
 
HankScorpio's Avatar
 
Join Date: Jul 2016
Location: Denver
Posts: 223
Quote:
Originally Posted by Notsoprobro View Post
Thats what happens when they launch a "new line" with not many getting rolled out. Even my fiancé who isn't into watches has seen and wants an OP36 in the tiff blue. My SA has told me they haven't even seen a tiff blue 36 come in yet. They've seen it in 41 once and a 36/41 in the green.

I think Rolex grossly underestimated the demand the colors would bring in.
This is what is crazy to me. Even if the popularity was grossly underestimated, this is the entry level Rolex, how are ADs getting so few of these models? I don't usually go for the theory that Rolex is producing less than they did prior to the shortage issues, but it is hard not to give it some weight when you hear these types of numbers from ADs.
HankScorpio is offline   Reply With Quote
Old 27 April 2021, 01:10 PM   #14
Mendota
"TRF" Member
 
Mendota's Avatar
 
Join Date: Oct 2009
Location: MN
Watch: OP36 Blue 3-6-9
Posts: 2,195
It's insane. There's a seller here on TRF right now trying to get $14,950 for a Tiffany Blue OP36. That's ridiculous. Whoever buys that needs their head examined. I got my wife the OP34 in blue on Saturday and my SA said she could have ordered any color from the catalog if she wanted to. There would just be a wait for some of the other colors, but certainly any of them could have been ordered. We didn't do it so I don't know what that process would have looked like, such as putting down a deposit or whatever. That was for the 34. I didn't ask about the 36 since I already own one.
Mendota is offline   Reply With Quote
Old 27 April 2021, 03:59 PM   #15
minute_man
2024 Pledge Member
 
minute_man's Avatar
 
Join Date: Aug 2015
Real Name: Basil
Location: Athens, GR
Watch: BoctokKomandirskie
Posts: 2,881
Quote:
Originally Posted by Mendota View Post
It's insane. There's a seller here on TRF right now trying to get $14,950 for a Tiffany Blue OP36. That's ridiculous. Whoever buys that needs their head examined.
Spot on!

There's no polite way to put it.

And no, that is NOT the "market price" for this model...
minute_man is offline   Reply With Quote
Old 28 April 2021, 07:21 AM   #16
horohollis
"TRF" Member
 
horohollis's Avatar
 
Join Date: Jun 2016
Real Name: Hollis
Location: Southeast MS
Watch: Orient Ray Diver
Posts: 87
This sort of thing has become the norm. Folks should buy the watches they want and stop buying to resell.

I know my AD has sold at least one 36 and one 41 in turquoise. He said he tired both on, so makes sense they’ve sold one or two. So they’re out there just have to find them.


Sent from my iPhone using Tapatalk
horohollis is offline   Reply With Quote
Old 28 April 2021, 07:28 AM   #17
franktehtank
"TRF" Member
 
franktehtank's Avatar
 
Join Date: Dec 2016
Location: Canada
Watch: Sub, GMT
Posts: 712
Quote:
Originally Posted by Thuilln View Post
Or that Hulk for sale on Canwatchco for 28000$; that’s ridiculous. It’s disgusting, actually.
And surprise surprise, it hasn't sold yet! Shocker! Bump bump bump.
franktehtank is offline   Reply With Quote
Old 28 April 2021, 07:55 AM   #18
Milibrk@
"TRF" Member
 
Join Date: Jan 2019
Location: Earth
Posts: 155
its free market. Sellers can list what ever price they wanted. try to look on eBay for hot sports cards.
Milibrk@ is offline   Reply With Quote
Old 28 April 2021, 08:00 AM   #19
jatco
2024 SubLV41 Pledge Member
 
jatco's Avatar
 
Join Date: Feb 2010
Real Name: Thomas
Location: YVR
Watch: 116233/79190
Posts: 50,579
There's a Rolex Daytona 116500LN on CL Vancouver for - $39,500.
There's a deal.
__________________
.
..- ' A Crown for every achievement '
jatco is offline   Reply With Quote
Old 28 April 2021, 08:32 AM   #20
JSolution
"TRF" Member
 
JSolution's Avatar
 
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,398
You have to understand that some people just cannot get Rolexes from an authorised dealer. No matter how much money you have. If you have the means and want the watch and don’t want to ridiculously wait for years then this is your option. I’ve paid huge amounts over retail for some watches and I couldn’t care less.

An example of my own is gmt meteorite, I paid roughly 50 per cent over retail for it brand new, because I was never going to be able to get one another way, the best I could hope for is a “maybe” sometime in the next few years. Now if I want to sell and decide I need the money for something else for any reason I’m quite confident I could sell it immediately tomorrow for a £5k loss. Not a big deal considering how much we pay for these watches anyway and I get to wear and buy it immediately.
JSolution is offline   Reply With Quote
Old 28 April 2021, 09:58 AM   #21
Robf52
"TRF" Member
 
Robf52's Avatar
 
Join Date: Nov 2019
Location: Sunshine State
Watch: lots of Rolex
Posts: 5,077
Anyone can "ask" anything; you'd have to be crazy to pay it though. Waiting on my OP41 Green from AD since Sept. Wife received her OP31 Candy Pink and loves it.
__________________
126610LV//116508 Daytona YG Black/Champagne
116655 YM40 Everose Oysterflex//126622 YM40 Blue//126600 SD43
126710BLNR//126711CHNR
126334 DJ41 Rhodium/Diamonds//126331 DJ41 TT Wimbledon
124300 OP41 Green//126334 DJ41Mint Green
Robf52 is offline   Reply With Quote
Old 28 April 2021, 05:38 PM   #22
Innocenti
"TRF" Member
 
Join Date: May 2018
Location: UK
Posts: 832
Are the 36mm op also hard to get ?
Innocenti is offline   Reply With Quote
Old 28 April 2021, 05:56 PM   #23
knighty88
2024 Pledge Member
 
Join Date: Jun 2017
Location: London
Watch: Explorer 214270
Posts: 483
Simple economics at play here... supply and demand.

I'd love to know the prices actually achieved vs that advertised, to show if it's a false economy or not.
knighty88 is offline   Reply With Quote
Old 28 April 2021, 07:31 PM   #24
JSolution
"TRF" Member
 
JSolution's Avatar
 
Join Date: Aug 2019
Real Name: Jay
Location: England
Watch: SkyD
Posts: 6,398
Quote:
Originally Posted by knighty88 View Post
Simple economics at play here... supply and demand.

I'd love to know the prices actually achieved vs that advertised, to show if it's a false economy or not.
They sell for what they’re listed for - at the bottom end of the listings. Try get a discount you’ll be very lucky maybe 500 off I’ve bought many watches and they definitely sell very quickly.
JSolution is offline   Reply With Quote
Old 29 April 2021, 12:40 AM   #25
brucethemanlee
"TRF" Member
 
brucethemanlee's Avatar
 
Join Date: Apr 2016
Location: 1 of 13 Colonies
Posts: 8,575
Quote:
Originally Posted by jatco View Post
There's a Rolex Daytona 116500LN on CL Vancouver for - $39,500.
There's a deal.
that is a deal if $39k Canadian

unworn white dial Daytona is $39k USD from a trusted seller in the US. Converted to canadian that's $50k canadian

LOL
brucethemanlee is offline   Reply With Quote
Old 29 April 2021, 12:44 AM   #26
WestCoastS
"TRF" Member
 
WestCoastS's Avatar
 
Join Date: Jun 2020
Location: Canada
Watch: Rolex
Posts: 541
I check out the prices for laugh on there. Those sellers are beyond greedy..most come from GWC buyers I am sure.
__________________
Submariner 116613LB Blusey
Sky Dweller TT Black Dial
DD 40 Silver Dial on [[[Yellow Gold]]]
WestCoastS is offline   Reply With Quote
Old 29 April 2021, 12:45 AM   #27
jatco
2024 SubLV41 Pledge Member
 
jatco's Avatar
 
Join Date: Feb 2010
Real Name: Thomas
Location: YVR
Watch: 116233/79190
Posts: 50,579
Quote:
Originally Posted by brucethemanlee View Post
that is a deal if $39k Canadian

unworn white dial Daytona is $39k USD from a trusted seller in the US. Converted to canadian that's $50k canadian

LOL
Yeah, it's CAD$.
__________________
.
..- ' A Crown for every achievement '
jatco is offline   Reply With Quote
Old 29 April 2021, 12:55 AM   #28
pescoba
"TRF" Member
 
Join Date: Apr 2021
Location: Great North
Watch: 116610LV
Posts: 58
I am still wrapping my head around the fact people are trying to squeeze 37k out of a plain old steel daytona ..
pescoba is offline   Reply With Quote
Old 29 April 2021, 12:59 AM   #29
pescoba
"TRF" Member
 
Join Date: Apr 2021
Location: Great North
Watch: 116610LV
Posts: 58
Quote:
Originally Posted by brucethemanlee View Post
that is a deal if $39k Canadian

unworn white dial Daytona is $39k USD from a trusted seller in the US. Converted to canadian that's $50k canadian

LOL


If justified I can put down 50k on a crazy piece like a perpetual calendar with a PM case and never buy another one after the fact .. but 50k for a steel watch with a simple chronograph most people don't know how to use I just can't understand the logic and they are not even keeping these watches !! its just bouncing from flipper to flipper with a slight price increase every time
pescoba is offline   Reply With Quote
Old 29 April 2021, 01:12 AM   #30
XtraCrispy
"TRF" Member
 
XtraCrispy's Avatar
 
Join Date: Sep 2018
Real Name: Joe
Location: Chicago
Watch: me closely!
Posts: 234
Quote:
Originally Posted by 1665fan View Post
one idiot looking for a bigger idiot....
+1
__________________
Rolex Submariner TT 116613LB • Tudor 1926 41mm M91650-0005 • Tag Heuer Aquaracer WAY201B.FT6150 • Oris Artelier Date OR733-7670-4051LS • Luminox XS.3505.SC • Alpina AlpinerX AL-283LNO5NAQ6L • Steinhart GMT-OCEAN 1 BLUE RED.2 • Casio G Shock GW-5000-1JF
XtraCrispy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 16 (0 members and 16 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

OCWatches

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.