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 24 December 2014, 02:03 PM   #1
pereiraex
"TRF" Member
 
Join Date: Dec 2014
Location: London
Posts: 50
Rolex Pricing Advice

Hi guys,

My first post on this forum, and I'm going to have to ask for some help from you seasoned pros out here.

I've been looking for an affordable, high resale value watch now. Rolex came naturally as a brand to hold it's value, and I zoomed in on the subC series as it provided the best balance to value and aesthetics (IMO).

I'm looking to buy a preowned subC, and I have an offer for 8k SGD (equivalent to 6400 USD) from a local seller. There is some scratch on the clasp and hairlines on the bracelet, but the head itself is perfect (at least according to the seller). It is 116610 LN Submariner Ceramic with warranty stamped somewhere in 2012.

Would anyone advise if I should take up his offer? Take note it's going to be my first Rolex, so my pricing references may not be spot-on. It is, however, not my first time buying watches - I currently own a beautiful Sinn U1 White.
pereiraex is offline   Reply With Quote
Old 24 December 2014, 02:15 PM   #2
anothernewphone
Banned
 
Join Date: Feb 2013
Real Name: Bill
Location: Plymouth Meeting
Watch: 116520
Posts: 3,209
I think that price is more than fair for a decent Submariner Date. I would definitely jump on that - the price seems closer to most models without the date.
anothernewphone is offline   Reply With Quote
Old 24 December 2014, 02:53 PM   #3
pereiraex
"TRF" Member
 
Join Date: Dec 2014
Location: London
Posts: 50
Quote:
Originally Posted by anothernewphone View Post
I think that price is more than fair for a decent Submariner Date. I would definitely jump on that - the price seems closer to most models without the date.
Thanks so much for that, I will of course be looking at the watch in person before committing because any deal that seems too good to be true, usually is right?
pereiraex is offline   Reply With Quote
Old 24 December 2014, 07:04 PM   #4
engin33r
"TRF" Member
 
engin33r's Avatar
 
Join Date: Dec 2014
Real Name: Andy
Location: GMT +7
Watch: Sub, Daytona, DD2
Posts: 742
You could probably get newer preowned black SubC for that kind of money. I've seen one offered more or less at that price and it was stamped mid 2013 (still under warranty until mid 2015).

But don't take my word for it. Go and shop around, there are quite a fair bit examples of preowned black subC.
engin33r is offline   Reply With Quote
Old 24 December 2014, 07:31 PM   #5
hchj
"TRF" Member
 
hchj's Avatar
 
Join Date: Dec 2013
Location: Singapore
Posts: 230
SGD 9k will get u a brand new subc. So 8k isn't a bad price for a 2nd hand. But if i were u, i will buy it new...
hchj is offline   Reply With Quote
Old 24 December 2014, 07:53 PM   #6
zama
"TRF" Member
 
zama's Avatar
 
Join Date: Feb 2012
Real Name: Craig
Location: Sydney
Watch: 4 Broken glass
Posts: 5,808
Great choice of first watch, deal sounds OK but there is also appeal of buying new, the joy of buying at a dealer, more years before service etc.
__________________
Day Date 118206, Daytona 116509 & 116505, AP 25859ST
Gone but not forgotten and genuinely missed.....
Root Beer GMT, Sub, TT Daytona, YG DD Bark, Datejust(2 his & hers), AP RO, PP Aquanaut, Lange 1, Heuer Monza, Piaget Altiplano, GP Chrono, Seamaster, Tudor Sub, Tudor Chrono, Tudor Black Bay Bronze
zama is offline   Reply With Quote
Old 25 December 2014, 12:07 AM   #7
njexpress
"TRF" Member
 
njexpress's Avatar
 
Join Date: Dec 2014
Location: Princeton, NJ
Watch: Cartier Tank XL
Posts: 46
Judging by AD prices in the US on pre owned:
Us $6400 is a good deal for a 2012.
Make sure that the serial number is random, it is a sub c with date, there are no after market components or replacements inside, the serial numbers match the rehaUT ad original hang tag.
it Will be extra icing to find maint. records although you would not expect that on a 2 year old rolex.
some bracelet patina is acceptable...
if 100% of checklist above is met, you have 99% chance it is a great watch and a greater value proposition.
cheers!
--njexpress
njexpress is offline   Reply With Quote
Old 25 December 2014, 07:00 PM   #8
Mezz72
"TRF" Member
 
Join Date: Jan 2013
Location: Singapore
Posts: 618
yes grey pieces cost around s$9k in Singapore so s$8k for a 2yo sounds reasonable.
btw, when u ask for advice on a predominantly US based site about prices, you have to understand that prices are way more expensive in US. in other words, all the TRF prices are not attractive at all to Singaporeans.
Mezz72 is offline   Reply With Quote
Old 25 December 2014, 07:07 PM   #9
Joearch
2024 SubLV41 Pledge Member
 
Join Date: Jul 2013
Real Name: Joe
Location: Los Angeles
Watch: Daytona + GMT BLNR
Posts: 4,855
Seems like a good deal to me. Buy the seller....
Joearch is offline   Reply With Quote
Old 26 December 2014, 12:42 AM   #10
rollerball
Member
 
Join Date: Jan 2012
Location: United States
Posts: 245
Suggest to buy new. I am sure your AD would have some credit tie ups which you can pay 8K SGD and finance the rest.
rollerball is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 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

OCWatches

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya 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.