Am I crazy?

[HideMyWalletPlease]

Originally Posted by legacy404

Eh, I mean no way you're going to get 30k from dealer. You can buy used that much so a dealer will pay much lower than that, 25-26k prob as OP says. 21k for an almost new hulk seems within range. I can't imagine it's easy to sell a 30k watch private party either. OP probably prefers to deal in person with his dealer than taking the risk of trading with someone else online.

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Bingo

[HideMyWalletPlease]

Originally Posted by Hollie_Rollie

I wouldn’t take them so offensively. you probably could’ve gotten over 30k for your sub, Or very close to it.

Not for nothing, look at it this way. I bought A 9.7k hulk in 2020 from an AD. You come to me with a straight up trade for a all gold sub you paid 30k for. Forget market price, it wasn’t a very good trade. You win some you lose some. I’ve taken Ls. Just hold your L and your head high. You now own a beautiful hulk

I hear what you’re saying but used subs are retailing at 30k. I’m not a retailer and have no interest in retailing it. The trade price is 25-26k. A buyer like Bobs Watches was at 25. I got some cash back on the deal. I still overpaid for a hulk though. 21k. Keep in mind it never been worn before and I decided to buy the watch at the peak of its price.

I agree with you on everything else. You win some you lose some.

[Wmrcer]

No way would I have done that trade. Crazy in my eyes.

[iLLGT2]

Yes you are... I wouldn’t take hulk for free given all I like is gold

[JRell]

Yes. Didn’t read your post...just have a feeling.

[JacksonRain]

Originally Posted by HideMyWalletPlease

Again, there is nothing stopping you from doing this but a watch buyer will buy a worn LV for around 16k I think. A watch Buyer will buy a gold used submariner for around 23-26k.

Depends with whom you're dealing....the 116618LB is more at the 27500 to 29 mint now complete set wholesale...I know you had the LN....there are deals that may even offer 18k only but if you know what you're doing you will not get taken. ln goes for 2000 to 3000 less generally.


As far as the Hulk trade deal you absolutely did the right thing if you and your dealer have a friendly understanding AND they have helped you in the past AND you trust that it helps you with the PP.

For the LN you lost about 6 to 7 k...and by that I really mean lost Considering the market but keeping my fingers crossed for you that next year you will "make it back" 3 to 5 times over....

Congrats on your new timepiece!!!

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[JacksonRain]

Originally Posted by HideMyWalletPlease

Obviously it was sort of a crazy trade. If Rolex made it easier for me to get this Hulk from my AD last year or get a Pepsi this would have never happened!

Wait wait...I'm starting to get uncomfortable for you....please see my last encouraging post but are we talking about the same AD? Do you mean the AD didn't come through for you on a sub or GMT but the same AD who made this trade "put you on the list" for a nautilus?

If that's the case I don't agree at all with it but that's my opinion and you asked...congrats nonetheless because it's only money and that's money you have and more of it to purchase more expensive watches and happiness is everything so don't sweat it too much brother.

Stay safe and happy...

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[996marty]

Originally Posted by HideMyWalletPlease

I’m ok with anyone saying it’s a bad trade. However, you’re very disrespectful. Maybe your lack of manners is the reason why you drive a 996, the worse 911 ever produced which hasn’t been produced since 2004. Yet, you’re so proud of it that’s it’s your screen name. See, I hate stopping to your level.

😂😂 clearly another moron and it’s stoop if you are going to be a smart arse

[peterpl]

A full gold 116618LN would be about $32-$33k private sale these days. A trade would be probably around the $29-$30k mark for sure.

These sell for almost $37k brand new now. Dave has one listed NIB for $37. Second hand I saw he had one the other day for $34k and thats sold now.

https://davidsw.com/watches/rolex-wa...ellow-gold-27/

I'm sorry no matter how much you justify it you just ripped yourself close to $10k and thats being nice since you traded literally a few days after new releases when the hype train is steaming ahead. The dollar figure would be much worse if you recalculate how much money you lost when the hype dies down which it will in several weeks.

Like I said before. Call your dealer, reverse the trade, wait 6-8 weeks and then if you still want the LV THAT bad then get yourself a better deal. By then it will be around $17-$18k again. These arent going anywhere mate as iterated by many before 10 years+ production run and 1000s literally for sale right now on different platforms.

[Wobbly]

On paper, it looks crazy, but it’s what makes you feel good that matters.

Congratulations on your LV, the sunburst dial is stunning.

[shalako]

Nothing wrong with the deal, none of us have a crystal ball but we can all speculate, in my humble opinion the Hulk in 5 years time will be worth more that the Yellow Gold Sub in 5 years time but most importantly you got the watch you wanted.

[HideMyWalletPlease]

Originally Posted by peterpl

A full gold 116618LN would be about $32-$33k private sale these days. A trade would be probably around the $29-$30k mark for sure.

These sell for almost $37k brand new now. Dave has one listed NIB for $37. Second hand I saw he had one the other day for $34k and thats sold now.

https://davidsw.com/watches/rolex-wa...ellow-gold-27/

I'm sorry no matter how much you justify it you just ripped yourself close to $10k and thats being nice since you traded literally a few days after new releases when the hype train is steaming ahead. The dollar figure would be much worse if you recalculate how much money you lost when the hype dies down which it will in several weeks.

Like I said before. Call your dealer, reverse the trade, wait 6-8 weeks and then if you still want the LV THAT bad then get yourself a better deal. By then it will be around $17-$18k again. These arent going anywhere mate as iterated by many before 10 years+ production run and 1000s literally for sale right now on different platforms.

OMG. You’re showing me an unworn blue face that still has the plastic on it. My watch was black face and it was used as a daily for a while. You saying I could privately privately sell it for 32 means that if I’m lucky that’s what it goes for retail. I don’t retail watches. I don’t private sell watches. My watch had a wholesale value of 25-26. There’s a bigger margin on precious metal because they take longer to sell.

The dealer will probably sell my watch for 30k. It won’t sell immediately like the hulk they sold me.

[peterpl]

Originally Posted by HideMyWalletPlease

OMG. You’re showing me an unworn blue face that still has the plastic on it. My watch was black face and it was used as a daily for a while. You saying I could privately privately sell it for 32 means that if I’m lucky that’s what it goes for retail. I don’t retail watches. I don’t private sell watches. My watch had a wholesale value of 25-26. There’s a bigger margin on precious metal because they take longer to sell

Your watch on trade is NOT $25k. I buy and sell watches ALL the time and I actually recently bought a full gold sub so I am very up to date with pricing on them. A $250 polish on your worn sub and it will look BRAND SPANKING NEW.

If your dealer is offering you a $25k trade he is ripping you 2 new holes. 1 on the LV price and another hole on the trade value he is putting on your full gold sub.

Anyway man as you can see from 99% of responses on here. If you decide not to take the advice then so be it. Nothing we can do to help you.

Go enjoy your LV and dont think about how much you got fleeced.

[HideMyWalletPlease]

Originally Posted by 996marty

���� clearly another moron and it’s stoop if you are going to be a smart arse

Yes too bad the rest of the world can’t figure out that I’m the moron and you’re the genius. I should be driving the 14-year-old Porsche. You should be driving the brand new one as a daily grocery getter while having other exotic cars that you don’t want to drive to the grocery store. You’ve been robbed of your prosperity.

[Fleetlord]

I remember as a kid, sports card dealers would always trade low book for your card, vs high book for their card. This is what happened here.

But, that being said, it's not that much money and OP wanted Hulk and no hassles selling the PM sub..

[HideMyWalletPlease]

Originally Posted by peterpl

Your watch on trade is NOT $25k. I buy and sell watches ALL the time and I actually recently bought a full gold sub so I am very up to date with pricing on them. A $250 polish on your worn sub and it will look BRAND SPANKING NEW.

If your dealer is offering you a $25k trade he is ripping you 2 new holes. 1 on the LV price and another hole on the trade value he is putting on your full gold sub.

Anyway man as you can see from 99% of responses on here. If you decide not to take the advice then so be it. Nothing we can do to help you.

Go enjoy your LV and dont think about how much you got fleeced.

So what are you saying? Are you saying that you’re buying watches like my old one for 30k? If not, stfu dude. I don’t know you. You sound like a jerk. So after I dealt with you, I would have to buy a hulk. If I bought it locally I would pay 1300 to 1500 in sales tax unless I had it shipped to Florida. So even if you would have bought it for 27.5 it’s still the same deal to me. No offense, but I would rather deal with an authorized Patek dealer who has amazing watches come through every week. You wouldn’t believe the things people trade in when they their Patek arrives. I got to buy my Hulk in person. That was important to me. It seems like you’re going to great lengths to make my loss seem much bigger than it really was.

When I bought my gold sub, I knew I would take a big loss of I got tired of it. I thought I would never tire of it but I did.

I hope you never get tired of yours because they don’t bring the money used that you think they do on trade.

[HideMyWalletPlease]

Also saying that a used gold sub will sell for 34 is crazy. Lol. My A.D. gave me such a good discount on the brand new gold sub last year, I think I paid around 34 when it was new. Who’s gonna pay 34 when they can get it from the dealer new for 36 all day long...

[peterpl]

Originally Posted by HideMyWalletPlease

Also saying that a used gold sub will sell for 34 is crazy. Lol. My A.D. gave me such a good discount on the brand new gold sub last year, I think I paid around 34 when it was new. Who’s gonna pay 34 when they can get it from the dealer new for 36 all day long...

LOL

Are you reading the posts properly or just choosing what you digest and what you want to hear? WTF

[Nairn1980]

Originally Posted by HideMyWalletPlease

I’m a long time lurker that just registered.

I just traded my 2018 yellow gold submariner for a never worn Hulk with the new style warranty card. My Patek Philippe dealer happened to get it on trade in from a good customer when one of his Pateks came in. In exchange for my gold sub, I received the hulk and a little cash. I won’t say exact amounts but we all know what these watches are trading for right now and a never worn hulk is worth almost as much as a used gold sub.

There are several reasons I went ahead with this deal.

-For one, I’m not really feeling the new Cermit.

-The gold submariner was my least favorite watch because it felt like a big heavy unbalanced brick on my wrist.

-I felt it rounded out my three watch collection a little bit better. My other two watches are 18 karat yellow gold Daytona and I also have a 1977 Patek Nautilus jumbo two- tone, freshly Patek serviced with recent certificate of archive.

-I felt like my gold sub was gonna be trading at a slightly lower number soon once the new style gold sub was in the showcase. It seems like people wait their whole life for a stainless watch but every time somebody buys a gold watch they immediately put a replacement gold watch inside the showcase.

Anyway, it felt really odd trading a gold watch for a stainless watch on what amounted to almost an even trade.

Congratulations, enjoy your hulk, I love mine

[Bizcut1]

Originally Posted by peterpl

Your watch on trade is NOT $25k. I buy and sell watches ALL the time and I actually recently bought a full gold sub so I am very up to date with pricing on them. A $250 polish on your worn sub and it will look BRAND SPANKING NEW.

If your dealer is offering you a $25k trade he is ripping you 2 new holes. 1 on the LV price and another hole on the trade value he is putting on your full gold sub.

Anyway man as you can see from 99% of responses on here. If you decide not to take the advice then so be it. Nothing we can do to help you.

Go enjoy your LV and dont think about how much you got fleeced.

I guess it makes you feel good to whack away endlessly at other people. You seem rather ignorant when it comes to these matters, irrespective of your claims.

The loudest, most obnoxious voice in the room is usually the phony. You appear to fit the bill to a tee.

[HideMyWalletPlease]

Originally Posted by JacksonRain

Wait wait...I'm starting to get uncomfortable for you....please see my last encouraging post but are we talking about the same AD? Do you mean the AD didn't come through for you on a sub or GMT but the same AD who made this trade "put you on the list" for a nautilus?

If that's the case I don't agree at all with it but that's my opinion and you asked...congrats nonetheless because it's only money and that's money you have and more of it to purchase more expensive watches and happiness is everything so don't sweat it too much brother.

Stay safe and happy...

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No not the same AD. My rolex dealer hasn’t come through for me. My Patek dealer does not carry Rolex and my Patek dealer has been excellent. The Patek dealer does get a lot of Rolexes on trade though. It’s a very wealthy area. People trade in rainbows and sarus unworn at this place.

I traded for the Hulk at my Patek dealer. The Hulk was unworn.

[peterpl]

Originally Posted by Bizcut1

I guess it makes you feel good to whack away endlessly at other people. You seem rather ignorant when it comes to these matters, irrespective of your claims.

The loudest, most obnoxious voice in the room is usually the phony. You appear to fit the bill to a tee.

Truth hurts sometimes. He's a grown man. having straight up discussions and not beating around the bush is the best way in every scenario.

[HideMyWalletPlease]

Originally Posted by peterpl

Truth hurts sometimes. He's a grown man. having straight up discussions and not beating around the bush is the best way in every scenario.

That’s impressive that you pack so many negative buzzwords into 3 short sentences. Just be happy and enjoy your watch.

[edyu]

Originally Posted by HideMyWalletPlease

I’m a long time lurker that just registered.

I just traded my 2018 yellow gold submariner for a never worn Hulk with the new style warranty card. My Patek Philippe dealer happened to get it on trade in from a good customer when one of his Pateks came in. In exchange for my gold sub, I received the hulk and a little cash. I won’t say exact amounts but we all know what these watches are trading for right now and a never worn hulk is worth almost as much as a used gold sub.

There are several reasons I went ahead with this deal.

-For one, I’m not really feeling the new Cermit.

-The gold submariner was my least favorite watch because it felt like a big heavy unbalanced brick on my wrist.

-I felt it rounded out my three watch collection a little bit better. My other two watches are 18 karat yellow gold Daytona and I also have a 1977 Patek Nautilus jumbo two- tone, freshly Patek serviced with recent certificate of archive.

-I felt like my gold sub was gonna be trading at a slightly lower number soon once the new style gold sub was in the showcase. It seems like people wait their whole life for a stainless watch but every time somebody buys a gold watch they immediately put a replacement gold watch inside the showcase.

Anyway, it felt really odd trading a gold watch for a stainless watch on what amounted to almost an even trade.

It's ok because you mostly saved on time and time/convenience is the most expensive commodity. If you can afford it, money will come more readily where as time gets wasted trying to find the best deal.
Enjoy your new watch.

[Token74]

I think it’s a great trade. Gold subs are ghastly in my view and when it comes to trading, it’s all about current market values, they are what they are.

But then again I dint get hung up on metal types. I have a white gold sub but if the same design had been available in steel I’d happily have bought it.

I personally buy watches and not metals.


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[HideMyWalletPlease]

A lot of cool people on here. I am almost wishing I didn’t spend so much time replying to the few very negative people on here.

FWIW, my first Rolex was an air king new model and I got all of my money back when I traded it. My second Rolex was a two-tone GMT with the black face. I got all of my money back on that as well because it was discontinued right before I sold it and there was a GMT fever going on. I knew I was going to take a bath on this gold sub if I didn’t like it. I researched the used market before I bought it and knew what I was getting into. So you do win some and you lose some

[kwingy]

Unfortunately OP, a post like this would never have gone down well here I feel given how everyone is laughing at the inflated price of the Hulk at the moment.
Maybe just switch off from the forum and just enjoy your new watch. You shouldn't really care what anyone thinks.

[HideMyWalletPlease]

Originally Posted by kwingy

Unfortunately OP, a post like this would never have gone down well here I feel given how everyone is laughing at the inflated price of the Hulk at the moment.
Maybe just switch off from the forum and just enjoy your new watch. You shouldn't really care what anyone thinks.

I can understand that but let’s say that you have the money and the one thing missing from your collection is a really cool stainless sport watch? All of the really cool ones like the Patek nautilus, the Pepsi GMT, the steel Daytona are essentially unavailable new and selling at multiples of retail.

[HideMyWalletPlease]

It’s taken some trial and error but I’m very happy with the 3 watches I have now.

[kwingy]

Originally Posted by HideMyWalletPlease

I can understand that but let’s say that you have the money and the one thing missing from your collection is a really cool stainless sport watch? All of the really cool ones like the Patek nautilus, the Pepsi GMT, the steel Daytona are essentially unavailable new and selling at multiples of retail.

I don't think anyone is disputing you went grey, it's just you traded a full gold for SS - you even said so in your original post it felt weird.

I would have sold the sub for as much as I can. Then considered carefully what watch to buy on grey. And even then I wouldn't have bought the Hulk I feel. I bought my first Hulk at £5k many years ago and sold as I got bored of the green. I look at the prices now and would never ever ever do it. Not for the same watch which has not changed one bit in all that time.

I would have looked at the Batman or Pepsi and tried to negotiate a good deal on those as the cool SS offering.