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5 August 2019, 03:54 AM | #1 |
"TRF" Member
Join Date: Feb 2014
Location: NYC
Watch: 116610LN
Posts: 195
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I knew I wasn't crazy: prices in 2012 really were THAT low
So last night, I was bored and reminiscing on when I first wanted to buy a Rolex around 2012. I didn't join the forums until 2014 but I had $5,000 in 2012 that I wanted to spend on a Rolex and I was frequently monitoring the classifieds. Which brings me to last night when I was looking at prices 7 years ago from this week:
-16610LV for $5,985 -16570 Polar (z-serial) for $4,275 -16710 Pepsi for $4,800 -BNIB 116710LN for $7,475 -BNIB 116610LN for $6,875 -BNIB 116610LV for $8,400 and just for fun, a BNIB Nautilus 5711 was $23,750 Man how the times have changed...
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116610LN | 216570 Polar |
5 August 2019, 03:56 AM | #2 |
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Join Date: Aug 2010
Location: Washinton D.C.
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I passed on the last 16600 sea dweller from my AD because I thought $5200 (discounted) was too much to spend on the outgoing model.
Ugh. |
5 August 2019, 03:57 AM | #3 |
Banned
Join Date: May 2014
Real Name: Mike
Location: BOS
Watch: 16710;14060;214270
Posts: 6,375
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That’s about right. Crazy to think back then you could get two 16710 for the asking price of one today.
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5 August 2019, 04:04 AM | #4 |
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Join Date: Sep 2009
Location: Tampa, Florida
Watch: 116610LV
Posts: 2,573
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I just wished I had jumped back into SS Rolex back then, at the time I had a 2 tone DJ & was transitioning to the GS line (2010 & on).
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16750 / 116610LV / 116613LB / Ed White 321 / PAM111 / PAM170 |
5 August 2019, 04:06 AM | #5 |
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Join Date: Aug 2016
Location: Oakland, CA
Posts: 463
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Prices weren’t that low
This place is just the preproduction area for grumpy old men 3
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116710BLNR, 116610LV, 114060, 116710LN |
5 August 2019, 05:02 AM | #6 |
"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
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There was less than half the currency in circulation there is today. People dont understand it.
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If you wind it, they will run. 25 or 6 to 4. |
5 August 2019, 05:11 AM | #7 |
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Join Date: Aug 2011
Location: UK
Posts: 294
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In Dec 2010, I bought this to celebrate my 50th birthday which was in 2012..
It was £4070.. I walked in off the street and there were 2 in the window and a couple of the newer LVc’s, and a load of Sub C date and no dates GMT’s etc. The sales man tried to persuade me to go for an LVc but I’d made my mind up that I wanted the 50th anniversary model for my 50th anniversary |
5 August 2019, 05:18 AM | #8 |
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Real Name: Tom
Location: Mandeville La
Watch: 126333
Posts: 10,666
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I wonder if Doc and Marty still have that DeLorean?
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5 August 2019, 05:22 AM | #9 |
"TRF" Member
Join Date: Mar 2018
Location: Laredo
Posts: 191
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I paid reseller prices on a 114060 in 2016. After servicing the watch and then selling it to another reseller two months ago I made $50 by wearing a SubC for 3 years.
Sent from my SM-G975U using Tapatalk |
5 August 2019, 05:53 AM | #10 |
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Join Date: Apr 2017
Location: _
Posts: 1,877
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I still find it amazing that only a few years ago I picked up a BLNR for a little less than retail. At the time, the model was so popular that I couldn't get the "usual" discount.
(To be fair, I got lucky -- I bought it in the brief period after it was becoming more available but before all steel models started spiking in value.) |
5 August 2019, 06:05 AM | #11 |
Banned
Join Date: Nov 2018
Location: Nj
Watch: Black sub Date
Posts: 456
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I wish I bought Apple at $14.
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5 August 2019, 06:05 AM | #12 |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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Quote:
What a great choice |
5 August 2019, 06:15 AM | #13 |
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Join Date: Jan 2019
Location: UK
Watch: Sub,SD,DJ,OP
Posts: 1,950
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I bought my Sub for 1350 GBP in 95 and my SD for 2250 GBP i think in 2006.
The cost was relative though in 95, it was a big big purchase for a watch. My earning power had went up by 2006 (thank goodness), so it wasn't such a massive purchase as it was back in the day. Unless you can Marty McFly back with a fist full of dollars or pound notes, Its dreaming. Nice dreaming of course, but still dreaming. |
5 August 2019, 06:45 AM | #14 |
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Join Date: May 2017
Real Name: Louis Nick Ric
Location: Michigan, USA
Watch: Blnr, Expll, Subs,
Posts: 10,172
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It was only 2 yrs. ago in June 2017 l bought a mint no B&P K serial 2002 Sub 14060m for 4700.
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5 August 2019, 07:01 AM | #15 |
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Real Name: Thomas
Location: North Carolina
Watch: The Beach
Posts: 3,434
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I wish I had bought the 5711 bnib from David for 22k, regrets.
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If you wind it, it tells pretty good time (Paul Newman) |
5 August 2019, 07:25 AM | #16 |
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Join Date: Apr 2019
Real Name: Zeus
Location: London
Watch: Ocean 2000
Posts: 1,032
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Time value of money.
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Lange (ref. Saxonia Thin RG); Vacheron C. (ref. 3110v); Ressence (ref. Type 8); Rolex Explorer (ref. 124270); Rolex Sub (ref. 126610LV); Porsche Design IWC (ref. Ocean 2000); Seiko (ref. SLA039) |
5 August 2019, 07:46 AM | #17 |
Banned
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5 August 2019, 08:33 AM | #18 |
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Join Date: Aug 2012
Location: Chicago
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May be fun to create another thread in 5-7 years time where everyone can lament the fact that they were willing to pay $15-20K for a stainless steel GMT. We never know what the future will bring, but what goes up often comes down eventually.
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5 August 2019, 12:12 PM | #19 | |
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Location: Pothole
Watch: Tudor Black Bay
Posts: 890
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Quote:
Not time value of money. These are watches, not houses
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Tudor Black Bay Red Rose ETA Rolex 214270 Explorer 1 Tudor BB 41 Blue Dial Doxa Sub 200, SKX009 Aquastar Deepstar |
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5 August 2019, 02:25 PM | #20 |
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Join Date: Jul 2019
Location: California
Posts: 14
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I think they will revert in price to an extent. Rolex historically has retained their value so well that it'd be hard to imagine it going significantly below MSRP, particularly the so-called hot pieces.
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5 August 2019, 04:21 PM | #21 | ||
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Location: HOME!
Posts: 1,175
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Quote:
Quote:
If only I'd bought those Amazon shares in 2009. If only I'd bought that 964RS in 2001. If only I'd bought that Dali in 1977. If only I'd bought that LVc in 2015. If only I'd bought another Bitcoin in 2011. If only I'd bought another case of Chateau Lafite in 1999. Tulips my @r5e. |
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5 August 2019, 04:40 PM | #22 | |
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Join Date: Jul 2019
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Watch: 16700, bb 58, kira
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Quote:
The way things are going you can almost get 3. Sent from my iPhone using Tapatalk
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https://www.instagram.com/vintagewatchbro/ |
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5 August 2019, 05:49 PM | #23 |
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Join Date: Apr 2019
Real Name: Zeus
Location: London
Watch: Ocean 2000
Posts: 1,032
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Both buyers & sellers (ADs) benefited from Rolex prices in 2012. Buyers who spent their money back then & held onto their watches saw an increase in value over time. ADs received their payments, got rid of old stock & likely reinvested the proceeds back into their businesses. Time value of money therefore applies in both instances.
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Lange (ref. Saxonia Thin RG); Vacheron C. (ref. 3110v); Ressence (ref. Type 8); Rolex Explorer (ref. 124270); Rolex Sub (ref. 126610LV); Porsche Design IWC (ref. Ocean 2000); Seiko (ref. SLA039) |
5 August 2019, 09:18 PM | #24 |
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Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
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IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock |
5 August 2019, 09:22 PM | #25 |
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Real Name: Darina
Location: England
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inflation lol
will see prices in few years |
5 August 2019, 09:29 PM | #26 |
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Location: UK
Posts: 98
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5 August 2019, 09:30 PM | #27 |
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Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 78,089
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Those were the days.
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7 August 2019, 08:31 AM | #28 |
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Join Date: Oct 2006
Location: Dallas
Posts: 1,361
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I bought my like new D-series 16610 in 2006 for $3,600.
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7 August 2019, 09:04 AM | #29 |
Banned
Join Date: May 2014
Real Name: Mike
Location: BOS
Watch: 16710;14060;214270
Posts: 6,375
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7 August 2019, 09:13 AM | #30 |
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Join Date: Mar 2016
Location: California
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I'm pretty sure Facebook and Instagram had a lot to do with these crazy prices. I know a bunch of folks who are interested in watches now that they see them in their newsfeeds. A click here, a click there, and boom.....
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