What Rolex Should I start with!?
Many of a friend asked me what should I start for a Rolex?
Well, I had been questioned this from Colleagues, and
friends, and I say, all depends what is your purpose of buying a Rolex?
Most of the replies are buying a watch that he can use and
at same time can keep the value for long period of time…say 10-15 years.
Whilst price of Rolex is getting crazy.. what is a beginner should
start with!?
Well, when the World economy is not that bad, HSI is 30,000
points whereas the real estate price is highest in the world since 2000, $10m cannot buy a 1,000 square foot flat in
the town… what is the difference in a price up of $20000 for a Batman? Nothing to
them.
Well, people laughed at me on my facebook when I said price
of Batman would hit HK$90000 in May 2018,
I can ask this gentleman to look at the price of a Batman now, well,
someone is asking $135,000!
And actual transaction os about $128000… Some dealer carries
over 50 Batmans in his vault….
They aren’t stupid as they also bought them at a premium…no
one is able to get a SRP price for Batman…. Except those Super Big Spender who used
to buy jewelry or gold 0.5m a month like we buy a piece of Pizza!
Another day, there is someone saying that who will buy a
stainless steel Daytona ceramic with $190,000?
He would buy a white gold Daytona which is probably $40,000
on top of it… He does not understand that people keep buying a Hermes bag when
price is increased, that is to tell them can afford… and they like to use luxury
predict with price keeping up.
If one day Rolex sales giving you a less 20% discount to
clear all the sport watch,,, then that is the day you can buy Rolex in SRP… But
will that be possible!?
Rolex is good in manipulating the balance of Supply and
demand… though Rolex is really expanding their production capacity to fulfill
those angry customers on the long waiting list…
So what is your expected price for a Batman up to? I think
it is still possible $140,000.
When the new Batman with Jubilee is in the market , the
price is $150,000
Another question on price of Daytona Ceramic 116500LN
I think Black will go up to $175,000 and White $195,000 by
June 2019.
HK Snob
Rmk Price listed here is Hong Kong Dollars HKD
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