Submariner ND - Buying to sell, a good idea

[kayin]

Guys,

Apologies if what follows is somewhat rambling and protracted.

We are going through extended IVF at the moment (our fourth go - with one succcess so far :) and funds are a bit tight.

Put two of my Omegas up for sale: 40th Anniversary Bond and 18ct White Gold bezel Limited Edition Americas Cup. No serious offers to date.

Was in an AD yesterday, who is losing Rolex Franchise at end of month, and they have offered me a direct swap for the two watches against a new Submariner no date or the two watches plus £700 against a Submariner Date.

So, my question is this. Is either of the above offers reasonable and if so, given the current depressed economic climate, is it realistic to then hope to sell said Rolex quickly ?

Of the two watches, date and no date which one is in more demand ?

I am still tempted to do a deal even if a Rolex would not sell at moment as suspect it might be a better long term investment.

Sorry for all these questions but have a good knowledge of Omega but not as familiar with Rolex.

If I do part-ex the two omegas that will still leave me with a Casino Royale Planet Ocean and 40th Anniversary Speedy so not concerned about being totally watchless.

Thanks for taking the time to read this disjointed post.

Regards

[jay1988]

It will be much easier to sell a single Rolex than two Omega's imo.

Date vs Non-date ? I'd say it's pretty much the same. I would take the straight swap instead of adding cash.

[Rashid.bk]

yes, straight swap. do it,..... now. the sub is absolutely gorgeous. go...what are you waiting for.

and much easier to sell later if you so need.

[TimeToGo]

Not knowing what you are asking for the two Omegas, or what the Rolex is selling for in the UK, compare the retail on the Sub, ND or Date, as to what you have invested in the Omegas or what you are asking. That should give you a ball park figure.

With imminent price increases in the future, your investment may be safe.

[Tri-National-Man]

Good deal - But I think it is always easier to resell a Sub Date if you needed to..

[JGX]

I think I'd try and get the £700 down a bit but definitely a good idea; it will be easier to realise the cash from one Rolex rather than two Omegas.

Every best wish with the IVF too!

[RolexDivers]

The market is telling you how the resale market of the omega really is ...
Go for the SUB ND... 1 Rolex is better than 2 OMEGAS, anyday ...

[travisb]

It's not an investment, but the Rolex would definately be easier to sell.
I think there's a pretty equal desire for both ND vs Date.

[kayin]

Okay, I am convinced that the deal is a good one.

$64,000 question. What would be a reasonable price to sell either Rolex at ? Want to maximise profit for IVF but at the same time do not want to rip anyone off.

Is it true that there is a waiting list for both ? Does a waiting list mean that people expect/are prepared to pay over retail.

Thanks

[psv]

Reality check please - buying mass produced watches isn't an investment, regardless of the AD/salesperson is trying to tell you differently.

Reselling a modern Rolex is a lot easier than any Omega, that is just the way it is, but your ability to get a good price depends on a lot of factors, incl your reputation and frequency as a seller online.

Best of luck with everything

[landroverking]

I would trade for the Sub.

[HRV]

Originally Posted by landroverking

i would trade for the sub.

+1

[deanpeterson]

Rolex sub is easy to sell - they go fast on here - go the watches for sale section - will give you an idea of prices! Buying to make money though - that's not happening much I don't think unless you're someone like the guys on here with a lot of sales and references - without that its hard to sell them!

[kayin]

Originally Posted by deanpeterson

Rolex sub is easy to sell - they go fast on here - go the watches for sale section - will give you an idea of prices! Buying to make money though - that's not happening much I don't think unless you're someone like the guys on here with a lot of sales and references - without that its hard to sell them!

Not to make money - just turn an asset into cash so that can top up the IVF fund (the Omegas have not sold),

As regards repuatation, the watch would have all the correct paperwork and as regards self could provide references from colleagues within both NHS and MOD.

[kilyung]

Take a look at the FS section. You'll find pricing examples for the Sub.

[Rashid.bk]

Originally Posted by RolexDivers

The market is telling you how the resale market of the omega really is ...
Go for the SUB ND... 1 Rolex is better than 2 OMEGAS, anyday ...

Yes, those particular two Omegas, but not across the board.

[Armyguy03]

I believe that you would have no issue selling a BNIB Sub date or no date. None at all.

[Passionata]

Originally Posted by kayin

Not to make money - just turn an asset into cash so that can top up the IVF fund (the Omegas have not sold),

As regards repuatation, the watch would have all the correct paperwork and as regards self could provide references from colleagues within both NHS and MOD.

ND Subs are for sale between €4.7-5.5k in Europe, bnib.I assume we talk about the metal bezel Submariner(14060)not the Ceramic one (114060).



Best
George

Sent from my iPad using Tapatalk HD

[FremStar]

Originally Posted by psv

Reality check please - buying mass produced watches isn't an investment, regardless of the AD/salesperson is trying to tell you differently.

Reselling a modern Rolex is a lot easier than any Omega, that is just the way it is, but your ability to get a good price depends on a lot of factors, incl your reputation and frequency as a seller online.

Best of luck with everything

This sums up my thoughts exactly!

Good luck OP with your IVF...

[kayin]

Originally Posted by Passionata

ND Subs are for sale between €4.7-5.5k in Europe, bnib.I assume we talk about the metal bezel Submariner(14060)not the Ceramic one (114060).



Best
George

Sent from my iPad using Tapatalk HD

Ceramic Bezel

[Sam Philip]

Originally Posted by kayin

Okay, I am convinced that the deal is a good one.

$64,000 question. What would be a reasonable price to sell either Rolex at ? Want to maximise profit for IVF but at the same time do not want to rip anyone off.

Is it true that there is a waiting list for both ? Does a waiting list mean that people expect/are prepared to pay over retail.

Thanks

You can get a general idea of the price you want to sell by looking at the websites of few gray market dealers. MSRP for Sub C date is £ 5700 and Sub C No date is £ 5000, some gray market dealers sell it for MSRP and some for few hundred less but not above MSRP

[adzman808]

Originally Posted by kayin

Okay, I am convinced that the deal is a good one.

$64,000 question. What would be a reasonable price to sell either Rolex at ? Want to maximise profit for IVF but at the same time do not want to rip anyone off.

Is it true that there is a waiting list for both ? Does a waiting list mean that people expect/are prepared to pay over retail.

Thanks

no waiting list despite what some UK ADs will say... the 2 ADs in Bristol centre both had the ND just after Christmas (well until I bought one ;)

you MIGHT get £4500 for a bnib ND on a forum sale or ebay... I have no idea if this is what the 2 omegas owe you...

if you do the deal and can sit on the rolex for a while, say a year, let a rolex price rise happen, then a BNIB example should be worth more...

the problem you have is that people buy second hand for a bargain... so for a sale soon after purchase you'd need to offer it as such for a quick sale...

good luck with everything

[adzman808]

Originally Posted by Sam Philip

You can get a general idea of the price you want to sell by looking at the websites of few gray market dealers. MSRP for Sub C date is £ 5700 and Sub C No date is £ 5000, some gray market dealers sell it for MSRP and some for few hundred less but not above MSRP

UK grey price is about £4350 (vs £5k mrrp)

[Higham5]

Lots of UK ad's have subs and sub dates. Dont get seduced into thinking they are rare as hens teeth. I would echo everything above , one bnib must be easier to sell than two watches.
Lastly good luck with the IVF
Steve

[kayin]

Originally Posted by adzman808

no waiting list despite what some UK ADs will say... the 2 ADs in Bristol centre both had the ND just after Christmas (well until I bought one ;)

you MIGHT get £4500 for a bnib ND on a forum sale or ebay... I have no idea if this is what the 2 omegas owe you...

if you do the deal and can sit on the rolex for a while, say a year, let a rolex price rise happen, then a BNIB example should be worth more...

the problem you have is that people buy second hand for a bargain... so for a sale soon after purchase you'd need to offer it as such for a quick sale...

good luck with everything

So, if put in my watch winder for a year to keep it 'ticking over' ) no pun intended would it still be legitimate to sell it as BNIB ?

[psv]

I'm sorry but I feel like you are reaching here, perhaps in order to minimize the loss for buying the Omegas (which 98 times out 100 is always a losing proposition financially speaking).

If you worry about the cash, you are better off trading in the Omegas for the Rolex and then flip the Rolex as soon as possible. Then put the cash in a couple of stocks, e.g. Facebook and Apple - the probability of you being able to make some money are far better than holding on a modern readily-available Rolex (even though there of cours is a risk inherent in buying equities).

Just cut your losses, move on and focus on the IVR, which needless to say if far more important.

[AK797]

Originally Posted by Sam Philip

You can get a general idea of the price you want to sell by looking at the websites of few gray market dealers. MSRP for Sub C date is £ 5700 and Sub C No date is £ 5000, some gray market dealers sell it for MSRP and some for few hundred less but not above MSRP

Yes, so if you need to sell the ND you might get back £4.5K so make sure the 2 Omegas are worth 5K or ideally less before you deal.

[MYK]

I love Omegas, especially the pieces you have. However, I would do the trade and sell off the remaining two Omegas and keep the ND Sub for myself. Wear it, enjoy it, not miss what you had to let go much I hope. And finally, if you need more cash in the near future, you can always sell the sub and get an Omega, cashing a decent amount.

Good luck either way. :)

[SUBversive]

Selling one nib rolex will be easier than selling the two omegas as was mentioned. Owning an omega I don't like reading that 99/100 times you lose money buying and flipping an omega I think it's right. But you will sink a little deeper making the trade as you will have a watch you can't wear...that would kill me. But if you've tried and can't sell the omegas you have yet. It might be worth it. There's no right answer here I'm afraid. And with ivf I know the price is crazy. I'm assuming that like the states it's not covered by health service in the uk. Watches will come and go. Best of luck with ivf.

[FNFZ4]

Originally Posted by jay1988

It will be much easier to sell a single Rolex than two Omega's imo.

Date vs Non-date ? I'd say it's pretty much the same. I would take the straight swap instead of adding cash.

I would concur