Gmt ii 12671blro

[sudijajd]

I am thinking of buying a GMT-II BLRO gray, as it does not appear I will ever come off an AD wait list. It seems as 2019-20 reference years are going for about $18-19k. I do not mind coughing up the dough so I can enjoy the watch, but I am concerned that it will substantially decrease in value from that $18-19k price point. What are the odds of this happening in a year, two years, etc....

Thank you all.

[mmaggi]

Good question. Over the long term you won't lose. Short term is really the question. My guess is no. This reference is in huge demand.

[zeeww]

If you are buying the watch based on the risk of it’s value might depreciate (aka investment), then I’d say you are looking at the wrong thing to put your money into.

[Spikedlee]

Your pricing evaluation is off. You should be able to get a 2020 for mid $16K if you wait a bit. 18-19 is way too high.

[GMT Aviator]

Firstly I wouldn’t ever pay a penny over MRSP for a Rolex and never have.

Secondly, I believe we are in a strange wealth spending bubble at the moment regarding all manor of things, Rolex watches being one of them, which has surprisingly driven prices up in last month or so.

There are pointers all over multiple economies right now that suggest some worryingly tough times are ahead financially.
A lot of money has been pumped into the economy which come the end of the year will have been spent with nothing coming in behind it. That’s when things will really start to change as we go into new year, and I still believe the value of luxury goods will go into free fall.
Rolex has some resilience to that, but $18-$19K for that reference this time next year? Come On. No way.

[salmanhamid]

Originally Posted by GMT Aviator

Firstly I wouldn’t ever pay a penny over MRSP for a Rolex and never have.

Secondly, I believe we are in a strange wealth spending bubble at the moment regarding all manor of things, Rolex watches being one of them, which has surprisingly driven prices up in last month or so.

There are pointers all over multiple economies right now that suggest some worryingly tough times are ahead financially.
A lot of money has been pumped into the economy which come the end of the year will have been spent with nothing coming in behind it. That’s when things will really start to change as we go into new year, and I still believe the value of luxury goods will go into free fall.
Rolex has some resilience to that, but $18-$19K for that reference this time next year? Come On. No way.

I agree!

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[sgwatchguy]

The 126710BLRO is the same watch as the 126710BLNR with a different bezel and which has a lower premium. Both are SS watches. The 126711CHNR is a SS watch with gold added, and which can be had at or near MSRP which is close to what the BLRO SS watch is being hawked by greys.

My point being, overpriced SS watches and premiums on them make no sense. If you’re worried about price going down you should stay away since the watch on your wrist will be source of anxiety for you and not joy. Or you could go and buy a better product that sells for more but is available to you minus the drama.

I wouldn’t pay the premiums.

[absoluteczech]

I'm so tired of people looking at watches as investments. That's why the market is the way it is.

If you're buying the watch to wear and enjoy for a looooong time not just flip it, then who cares?

It goes for real estate too. I don't care if the market falls apart tomorrow. I'm not moving next year, 5 or even 10 so its meaningless.

Buy the watch, wear it and enjoy it.

[Seddyspaghetti]

Originally Posted by spikedlee

your pricing evaluation is off. You should be able to get a 2020 for mid $16k if you wait a bit. 18-19 is way too high.

+1

[Greg.A]

Originally Posted by Spikedlee

Your pricing evaluation is off. You should be able to get a 2020 for mid $16K if you wait a bit. 18-19 is way too high.

Appears you have lost touch with the market, look around on chrono24, OP is right. This reference seems to move in tandem with the 116500LN

[Ihatecheese]

Buying a mass produced item over its msrp for a long term investment isn't very clever.

[Spikedlee]

Originally Posted by Greg.A

Appears you have lost touch with the market, look around on chrono24, OP is right. This reference seems to move in tandem with the 116500LN

My statement holds true. I stated to wait a bit as the market is high right now.

10 days ago a 2019 BLRO full set sold for $16,000. 12 days ago a 2020 full set sold for $16,500. This isn't 3 months ago or March prices when the Pepsi was in a low. This was in the same month just a few weeks ago. In that same time frame multiple listings popped up for BLROs with a $1500 to $2000 bump in price tag but they are still sitting there. I've owned mine since January 2019 so I am very well aware of how the market has been moving on this. I don't believe 2 weeks should warrant a $1500-$2000 premium to pay unless you are dying to own it ASAP.

I own a white dial 116500LN as well and even that didn't spike up like this in ten days and there is much less availability of that model than the BLRO.

Everyone might be asking 17000-18000 for a BLRO but the sold listings are showing buyers are not paying those prices. There is enough supply right now where I would caution those premium prices holding. The Daytona is a different story for white dials. Barely any listed so of course people are paying the high premium. I was one of them!!