Retail selling Rolex at X amount but grey market is selling higher than retail. Current pandemic is unprecedented situation where cash is king. Do you think grey market will reduce selling price to cash out?

what is grey market ?

Already dropped hasn't it? Daytona from about us$25k to about us$20k.

still seeing submariner with date 116610LN selling at RM42k-RM45k.. 10k above retail..

rolex ma. overprcice time keeper.
not the top quality, not the top accuracy, not the top among the brand.
simply because they push the price with they disgusting sale tactic and marketing.

cheapest entry level for its class right? dont think one can get sport non precious metal from retailer unless you know somebody.

Dropped a while ago.

People are hoping it will be near to retail, obv for most steel model that won't happen anytime soon.

Those are prices they put as retail, probably only know how low it can go when you decide to negotiate with them..

Agree to dissagree. You See its all about people perspective. Rolex is the brand name that people buy as it is already accepted the whole wide world. Thepublic acceptance makes the prices higher the marketing can push and pull all they like but if people do not accept it as brand name it won't reach such steep price.

So the development of brand name really sells by itself and people acceptance just pour fuels to it if not more.

Rolex are the Seiko equivalent of the Swiss world when it comes to vertical integration. They are fully in-house with even a gold foundry on their premise to melt and make their own gold cases and bracelets.

Their watches are all chronometer certified which means an independent body tests and certifies each and every watch to be accurate within chronometer specifications. So how is that not accurate for a mechanical watch is beyond me.

Rolex is an innovator and pioneer in waterproof watches, quick set date complication, ring command bezel, GMT watch design, screw down crown, glidelock mechanism, easy link clasp, dual color ceramic bezels and is the first Swiss company to be able to mass produce Breguet overcoil into each and every single one of their oyster watches.

Their movement are all fully in-house. Their Daytona is a technological marvel in the watch world as it features the first fully repairable vertical clutch, removable mainspring without the need to fully dissemble the movement and thinnest automatic chronograph movement of its time. The 4130 is way ahead of its time and is revered by all watch collectors as THE chronograph movement to beat.

The caliber 3135 was a 30+ year workhorse in-house Movement featuring microstella free sprung balance, with instantaneous date change mechanism that can be used anytime without any restrictions unlike most other movements which forbids the user from quick setting the date between 9pm to 3am or 6pm to 4am in Audemars Piguet 3120 found in Royal Oaks. The 3135 also features a Breguet overcoil hairspring.

And don’t get me started on the Sky Dweller which is a highly complicated watch (would qualify for Grand Complications if it was made by Patek Philippe). The watch features 3 complications - The Ring Command Bezel, Annual Calendar, and GMT.

Rolex is the brand that new collectors and casual observers love to hate. All serious collectors including John Mayer and Hodinkee respect Rolex a lot.

See point number 2 in the article below.

https://www.hodinkee.com/articles/twelve-mi...w-to-avoid-them

This post has been edited by friedricetheman: May 10 2020, 12:28 PM

care to share more on what you mean by that?

so u are saying the grey market = rolex themselves?

I dont think so. The market is still hot as the current pandemic is mostly impacting on tourism.

from what I seen, the price of grey market just went up again hahaha

my friend wants to sell his sub, wonder to sell to individual buyers or to those second hand watch shops?
shops sure take a huge cut right...?

This post has been edited by idoblu: Jul 22 2020, 09:47 AM

Sell individual buyer.

Ok thanks fuzzy 😊

hi didi, how much, wat year, condition?

Let me find out then I pm you ok

Still going up for rolex. Other hot brands like GS will go up too as investors are looking for safe investments as FD rates going down. Rolex steel sports model will never go down even if buy high. Can still sell for same price or higher. Watch out for Tudor too.

Knn. Now all steel watches are trending up again. Rolex Steel sports model premium is now back to precorvid levels.

indeed prices has gone up, heard the demand for the watches increase because people switch from other brands to rolex during bad times..

And people kept saying that Rolex is a bubble since 2016...

The way the prices kena goreng is very scary.

Any chance to get daytona steel from AD? Dont say the obvious, build rapport, buy 100k watch, wait till end of the world, etc....hahaha

u Already know the obvious so why still ask

Looking for smart alek...hahaha..
But seriously, if there will be someone wanted to sell, PM pls...

i have one panda SS to let goy, but you willing pay 150k meh hahah

I don't think rm100k spend is enough anymore these days.

If you put your name down with them today, your grandchildren might be able to pick up for you.

true, 100k spend probably scratch the surface of sub no date only

Now it surpassed pre-Covid level d kns

I cabut liao. Prices goreng until touching trinity levels.

I insaf already. I collect fountain pens now.

bau pon Tarak....

Sigh got offered GMT Master II Black brand new back in 2019 for RM45k but didn't take it that time. Regret maximum

y regret ler? 2019 already discon the black one right?

I remember tat time discon the black, brand new one shoot up to 50 odd k

Regret cause that time I was being kiam and didn't buy it. Now shoot up like hell

if now the price went down, then u won't regret lor

anyway there is no IF and looking back one

life goes on without gmt2

Well said. People purchase too controlled by value retention.

Imagine Rolex didn’t hype now, resell value 30% off retail, you think you will regret not buying ?

tat time I was deciding btwn Rolex n pam, and yes if I decided to buy Rolex, I may have some appreciation now, but no I did not regret buying my pam, wore tat watch and made a lost when I trade in hahahah

but a bit regret selling the pam hahah, but never regret never bought the rolex

Price of Rolex sport model has become so high, even for sub, it’s simply out of reach for many ordinary plp..

Most plp can only afford air king now as it’s the cheapest option...around 30-40k..

Just declined a ym rolesor rosegold...weeks before the mco..dunno its good thing or not..

This post has been edited by swanlover: Jun 21 2021, 03:43 PM

Air King now going for 40k ah? Might as well top up sikit and get Vacheron Constantin FiftySix in steel. Slightly more only..

Even normal DJ41 also kena goreng like hell now......really impossible to get anything from rolex these days

What to do, almost everybody from pasar aunties to hawker buying Rolex to make money or hedge against inflation....

There is really nothing left for genuine watch lover anymore...

it means genuine watch lover cannot afford it compare to pasar aunties n hawker

I go stand in one corner n reflect myself

If you love something you will pay whatever price it cost.



So hoot that 100k Daytona nia.

either I don't love it enough or my pocket not deep enough
or my brain too sober hahahah

Tau pun miskin

Prices seem to have peaked for now though.

Yeah, pls go ahead..for the love of it..lolx

These are still available for purchase with no wait list as of today.

Vacheron Constantin FiftySix for cheaper than your Rolex Submariner

[attachmentid=10911070]

[attachmentid=10911071]

Patek Philippe Calatrava 6119 in 18k Gold for the same price as a Rolex Daytona in Steel.

[attachmentid=10911072]

[attachmentid=10911073]

Audemars Piguet Code 11:59 Chronograph in 18k Gold and ceramic for around the same price as a steel Aquanaut in rubber strap.

[attachmentid=10911074]

[attachmentid=10911075]

Lots of watches to be had if you look beyond the popular models.

Brilliant recommendation.

But they are not Rolex, in Malaysia market , particularly first timer with tons of cash ...they only see Rolex , it’s all about value retention..

Like I said, very rare Watch lover anymore, all buy and hoping to sell to make bucks

Sad but true ...

This post has been edited by swanlover: Jun 22 2021, 06:38 PM

If Rolex..

Currently one of the best bargain Rolexes around and in 36mm. Price range between 20k to low 30k.

Rolex 16200 Datejust

[attachmentid=10911086]

Or you can opt for Rolex Two Tone or BiColor models of popular sports models. These are usually cheaper than the all steel versions.

All those should be comparing with Rolex Cellini range

Sorry but in my opinion, Cellini not haute horologi enough to be compared with holy trinity dress watches. The finishing on these trinity dress watches is unbelievable. I have handled the Audemars Code 11:59 and Patek 5196 Calatrava and both are way way above Cellini in terms of fit and finish.

Historically, the trinity are more famous for their dress watches than their sports watches, while Rolex is famous for their no nonsense Tool watches.

The 11.59 looks like a expensive version of DW though.

Hopefully they fix the dial because the movement is superb.

Have you seen one in person? The double convex glass is difficult to take pictures of. But if you have seen one in person you will realize that it is not a DW clone.

The double convex sapphire glass is a defining feature even from a feet away. You will know that it’s a Code 11:59 straight away.

Just my opinion though.

This post has been edited by friedricetheman: Jun 22 2021, 09:28 PM

Yep, handled it as well. Everything is really great except the dial design.

It was widely derided when it first appear which was a bit harsh but the dial feels like a very poor attempt from AP to look and feel modern.

Hopefully they fixed it and the 11.59 can be a proper banger.

Did you view the Gen 1 or Gen 2 dial?

Gen 1 dial is flat.

[attachmentid=10911113]

[attachmentid=10911114]

Gen 2 dials are fume dials.

[attachmentid=10911115]

[attachmentid=10911116]

its just preference, regardless genuine watch lover or not

how to buy? Hau Simi logy aside, if u ask me, y u no buy 1159? I see up see down I also no feel, how to spend?

It's equally ugly.

I got cock blocked by my wife when I wanted to pull the trigger on the Code 11:59 silver dial with two tone case. Yellow gold middle case sandwiched with white gold outer case. She said I just bought a watch, so soon want to buy another. lol

Ok bro.

If they change the dial and coupled with that movement though, it's gonna be another classic.

AP right now is Royal Oak and that's sad, given all the talk about them being holy trinity but they are only surviving and milking that one range.

Same thing with Vacheron. They are milking their Overseas sampai waiting list is now closed, from what I have heard.

Patek Philippe also milks their Nautilus and Aquanaut line. Nothing else will sell except maybe for that limited edition Calatrava in steel, which was limited edition.

AP also have two lines to milk - Royal Oak and Royal Oak Offshore.

So, yes, your statement holds true for all 3 Trinity brands.

That double domed crystal is the most unique part of the watch...kinda mabuk when looking at it, maybe I need a few glasses of wine to really dig it. Lolx.

Grab a 11.59 will get immediate fast lane to Royal Oakie..

My wife said collection will be too similar if get another royal oak or offshore. She said to diversify but not too fast. Slow down or I will get burned out.

The two tone model looks really impressive in person. It’s gold but in two different colors - white and yellow.

The 4500v rrp costs few hundred bucks more than a Royal Oak, IMO, I think it’s not worthy to buy overseas anymore...

Each to his own...

You can't buy one now anyhows lol.

VC isn't exactly the most popular brand just a year or so back. But the non-availability of the other brands suddenly made it hot. So now they also stop waiting list.

Market's gaga.

Ya. My wife actually didn’t like the Overseas. She said it looked too much like a Grand Seiko/Omega Aqua Terra (ie. generic watch look).

Her reason was that if you are already paying that much, you would expect a unique design and not something so generic looking.

This is because during the pandemic, a lot of salaryman stayed at home and collect paycheck. So you get people who earn 12k per month and bring home 8k per month having their expenses half or less due to not travelling to work and stuff. Imagine sitting on 5k a month if your country offers you a loan moratorium on top of it some more. Can easily buy an AP or PP or VC after a year or so.

And some of these guys also made shit load of money during the great crypto price goreng, they are sitting on a pile of cash with no obligations, no money sinks and no holiday expenses. So they channel their money into watches and sports car.

Yachts are next once the world reopens. There is going to be a massive boom in yacht sales as a lot of people are raring to go outdoors again. I know of some people who have already placed their orders and request delivery dates of end of next year.

Basically can’t buy any top 3 brands now..MCO no stock arrival plus grey market frenzy, it’s getting painfully long to scratch an itch, lolx

Revenge spendings...

There are tons of fb guys selling grey online now, I find it weird that plp who transferred rm100-150k to purchase prior to viewing the watches...lolx..

Ya. Even poorfag like myself am looking into a two man canoe for me and my son.

I see a lot of people already buying things to enjoy outdoors and planning vacations. Good times are finally coming around..

this one I really respect

and It seems many does that

a lot of these grey sellers are new

u just need a case of one buyer who eventually finds out his watch is fake, then poof
price may come down a bit locally hahahah

I know these 2 fellas (with huge purchase profiles) rented a condo next to klcc, whenever Rolex KLCC SA text em’ stock arrival they will ran over and sapu everything offered from DJ to whatsoever. Lolx.

They are stupid. So many watches out there that you can buy new from boutiques but they want these few models that everyone is also after.

I myself am looking at the PP 6119 which is 39mm. It’s readily available and looks gorgeous.

Lol. Sounds like grey dealers to me.

Is the 6119 readily available in KL? That's good though.

It's still an allocation piece here in Aus, but presumably because it's new (and relatively cheap).

With closed borders, buyers are confined to their own home-ground ADs, so quite a seller's market here at the moment.

I heard it’s available but on order here. There is no waiting list but need to wait for the stock to arrive.

It’s a bargain as you are getting an updated movement which is larger than the previous 5119 which has a tiny midget movement with a case that is too big.

It’s also relatively cheap to service as it is a simple time only manual wound movement. Which is a huge plus in my books.

And best of all, it is a 39mm dress watch which is probably the smallest I can go on my wrist.

New BB out. 58 full Bronze.

Thx to that swg manager that are dealing directly with Grey dealers. It’s an open secret and only himself thinks nobody knows. Lol

they will say "catch me if you can"

Yaya. Hahaha.

The real devils are not the grey sellers that much loathed...

Your beloved dealer is the mastermind of it..lolx

This post has been edited by swanlover: Jul 7 2021, 01:00 PM

Grey dealer . Only 2 guys sapu all the market . Many die hard sohai fans too. Watch once posted then all go on without viewing . One pg one jb . They really king . By selling watches only . Few hundred k a month sap sap sui ….

I heard they are having a hard time selling the watches now that Rolex advertise the MSRP on their website in RM.

It used to be buyers don’t know what is the real MSRP so the grey dealers just buat tak tahu and sell at markup prices. I heard buyers really thought that Hulk Submariner retails at RM80k before Rolex posted prices on their website.

I think one of the pg guys tat sapu all stock at north is that kkt tip-top Karipop guy? Lolx..

This post has been edited by swanlover: Jul 11 2021, 04:40 PM

Jahahahah I thought you’re very expert in Rolex coz many have tag you and your replies are very logic and different level . But . Nah …. Everyone in Malaysia knows that lolek is goreng price . Sub 35k but market selling 50-60 . Still a lot buying without a doubt . Crazy 😂

Confirm kalipop . My idol . Sell like nobody business and his follower and fans too many d . Mostly those who earn easy money I doubt .

Every collector knows that it is goreng price. Yes. But not the retail buyers like the auntie in the pasar or that uncle who owns a coffee shop. These people now realized that the prices quoted to them are too high as they now have access to Rolex website MSRP prices.

It’s usually not the collectors who are buying these grey market watches. Most already have completed their collection. It’s the retail buyers. Non watch collectors who made some money in the stock market and crypto speculation who now wants to spend on a nice watch. Some were shocked once they learned the real MSRP prices on the Rolex website.

I know, because in my line of work, I deal with a lot of people on a daily basis. Mostly non-collectors who aspire to own a nice watch like Rolex. These type of people don’t know the difference between a Submariner and GMT Master II. They see my Aqua Terra and think that it is a Seiko.

I used to think that everyone knows AP Royal Oaks and it’s common knowledge that a lot of mid range Swiss brands use ETA but that is not the case. A lot of non-watch collectors don’t know a lot of things that we take for granted.

Let’s put it into perspective. Easily around 2 million people in Malaysia can afford a Rolex and wants one. How many of these 2 million unique buyers that the grey market is tapping into? I meet a lot of people due to being in the sales line and most are shocked to hear that MSRP is less than half of the grey market price tags.

To them, watches are not a necessity and once they are educated on the real MSRP; they rather not spend so frivolous on something that is essentially a bubble.

This post has been edited by friedricetheman: Jul 11 2021, 08:26 PM

I agree with you . Yes . But wait till you see their live in fb or join the telegram group then you’ll be shocked why so many idiots are crazy about lolek 🤪

ah tan in pg ar ahahhaa
who the other guy in jaybee? ah lim ar hahaha

but y ppl into lolek are idiots?

@nasigoreng, no ler... the lolek website msrp only can be seen by a lucky few, not all can have access to the price shown

That foul-mouthed kkt karipop guy generously sapu all AD stock like buy Kuih ...JB ah Lim he’s apprentice ...lolx

95% reseller most underworld plp...

Those can transferred rm100k+ online watch purchase are those with easy money...

Savvy businessmen or watch appreciator never do something like this...

all washing money one la hahaha

all these money go bank, kena tangkap
then how? buy watches lor

ah lim is ah tan apprentice ar?

Is the stainless steel Submariner and Sea Dweller now available at authorised dealers?

Yes. But u need to buy Rm 100k garbage first , for them to sell u a sub…

I’ve already given up waiting for sea dweller. Now I prefer apple watch or garmin watch, more practical, cheaper and always available to purchase.

grey market is supported by the illegal business cash. so the goreng price will remain solid and theres always got buyers bringing 5kg or 10kg stack of cash to convert into a watch.