Live at Face book "Paul Ip" this week

Dear All HKWF fans

Welcome to visit my face book Live at 1200 HKLT this Saturday 29 August 2020

This week topics is "Daytona"

See you then.

HK Snob

Price of Submariner

Don't believe or not, the dealer trading price for Submariner black 116610LN is HK$92,000.

The Hulk is even insane, HK$133,000!

What a price under this worldwide unstable economy and amidst of COVID-19!

What is reason for such a simple watch to shoot up to this price?

Stop production?

Rolex shipment getting slim?

or more newer collector or users are entering into hype of Rolex sport watch?

I am thinking the big dealer is stocking up Hulk as they speculate the model will soon be discontinued.

So this is the last bet before September that there is some news of new Rolex model roll out from factory?

Just called the Rolex AD, one manager told me Hulk has been stopped to produce, that they have not seen one more than three weeks
HK Snob

Rolex Watches being introduced during live fb page at 1200 15 Aug 2020

We started three rounds to have a weekly live at fb broadcast at 1200 Saturday, this is what we have done last week on GMT Master.

As there is difficulty in browsing the watch in great details, this is what we have shown during the section.

This is open to discuss on these watches. Michael Young and me had been doing this during this COVID-19 pandemic.

I hope you can join and comment on that.  fb page is under my name "Paul Ip".

Michael Young is an expert in Rolex bracelet restoration, he is owner of Classic Watch Repair and CEO of Undone (custom design watch company) 

HK Snob

How much you can expect these four Rolex watches bought three years worth Today?

This was my last post on 5 Mar 2019 forecast on a few watches such as Daytona 116500LN white

Hulk Submariner 116610LV, Submariner 116610LN, GMT Master II 116710BLNR.

This is a review on say if we bought one each in August 2017, what would be the value today?

Price on 8/ 2017

Daytona 116500LN White $128,000

Hulk Submariner 116610LV $88,000

Submariner 116610LN $67,000

GMT Master II 116710BLNR $73,000

Total amount was 356,000.

Price on 8/2020

After 3 years today price is:-

Daytona 116500 $193,000

Hulk Submariner 116610LV $120,000

Submariner 116610LN $92,000

GMT Master II 116710BLNR $100,000

Total $505,000

 

Nett profit is $149,000 if you bought these watches three years ago.

Profit margin is 41%

But as you know that is the price you can buy now at the market currently, someone may not like three years old watch so the price is lowered, but if you keep that in mint full sticker condition further would be a very good investment in future!

Money shown here is HKD.

 

Refer my post :-

https://watch-fever.blogspot.com/2019/03/investment-on-watch.html?m=1

HK Snob

Latest Rolex Market price between dealers in Hong Kong Today

This is Today's watch price between dealers in Hong Kong.

The watches are mostly hot model most people are looking for.

And most of them are not available at AD at SRP (supplier recommended retail price).

As you may know now only few AD chain is still selling Rolex at SRP.

This is all in Hong Kong Dollar and mostly in cash.

If you have concern , you can talk to me via WhatsApp 852-51229994.
Price e is fluctuation daily. So this is purely for your reference only.

Also price is obtained from more than one source with the same price, there may have other possible source with slightly highly or lower +/-HK$500 to HK$1,000 or so.

HK Snob

gg