Price of Rolex Could not be Crazy like this?

Submariner Hulk ref 116610LV
Green Bezel green dial launched in 2011 with current list price HK$68,100


I have been selling the Rolex Submariner Ref 116610LV into the Philippines since 2015.
I believe many of our friends has bought from me.
From HK$67,000, up to HK$69,000, and lately in this year, it hits the $70,000.
last month I sold one with HK$73,000
and two weeks ago I sold one to a doctor with HK$74,000


Well, If I buy again, guess how much I have to spend now?
HK$76,000 still I cannot get one.


Today one friend (dealer) saying that there is one offers to me at HK$78,000!


Well, there is some HK guys is selling over HK$80,000 for a Submariner.


GMT Batman
ref 116710BLNR
I sold it since it as launched in 2014 with HK$63,000
Now If I buy one I need, HK$70,500
I just sold one to a Indonesian last week with HK$71,000


The moral of this article is


All sport model of Rolex is appreciating crazily!


I speculate that Soon Hulk will be no more and it would be astonishing high price.


main Reason is Rolex has reduced the production of sport model by 40% in beginning of the year.




So when demand is increasing with so little of goods, price must go high,


Now all the pre-owned watch also up for more than 10% in the last two quarters.


Lets watch out and see what would be the best to buy and when to buy.


Remarks, don't waste time going to AD, the have almost zero stock for Submariner Ref 116610LN, GMT Batman, ref 116710BLNR, Daytona ref 116500LN, Deepsea ref 116660 D blue or Black.


HK Snob