Paul Thorpe comments on his you tube

 Today You tuber Paul Thorpe has mentioned  a few things:-

1. Rolex will increase price by 8% in 2023.

2. Rolex will not use any leather on his watches.

3. UK and USA is his biggest export countries.

4. Rolex is running at full production now.

Paul is one of my favorite you tubes channels on watches. well, he had mentioned two weeks ago that

by September the Rolex price will start to move up instead of keep falling.

by my understanding, only if Russia-Ukraine war comes to an end or the Rolex price is still facing with 

obstacle to rise again.

Let's see 10 days later what President Xi and Biden would talk about ? That may give us some hints on 

what Rolex price would be.

HK Snob

Today Hong Kong Market price of Rolex, Patek Philippe, Audemars Piguet, Richard Mille and Vacheron Constantin Overseas

 Daytona Ceramic Panda 116500LN white $260,000 (119)

Daytona Ceramic Panda 116500LN Black $240,000

Daytona White 116508Ng $560,000

Daytona 116519g Black white gold $325,000

Daytona 116509NG white $459,000

Date Just Wimbledon 126331 Oyster $112,000

Date Just 126334 Black oyster $85,500

Date Just 126331 Sundust oyster $99500

Submariner 126613LB Blue $125,000

Submariner 126613LN $135,200

Submariner Starbuck 126610LV $150,000

Pepsi GMT Master 126710BLRO $160,000

DeepSea 126660 Black $103,000

OP 124300 Tiffany $240,240

OP 124300 Red $146,000

OP 124300 Silver $60,600

Audemars Piguet

15500ST Black $395,000 (533)

15500ST Grey $385,000

15500ST White $385,000

Patek 

5167A $580,000 (463)

5168G $800,000 (189)

Vacheron Constantin 

Overseas 4500V/110A-B128 Blue stainless $300,000 (466)

Overseas Mid size blue 2300V $240000 (13)

The unit shown here is HKD. We are talking about all brand new watches, used watch is not being covered here.

The Bracket shows the search result of that watch at Chrono24 which means ow rare it it...

Good reference for what you want to buy for future as rarer pieces is more preferred by me.

These are the price as of Today  24 July as an average trading price in the market, I am not talking about MRSP price which is not so much of a meaning unless you re SVIP who can het at directly from Boutique.

Note that these price Have been dropped about 25-40% over the last 6 months and the trend is still dropping

Speed of dropping fastest is Rolex, then Patek Phillippe, AP and least is VC  ,meaning that these Rolex and Patek were flipped more than Audemars Piguet and Vacheron Constantin.

How about RM, since RM is running in a comparatively small volume, and they re dominated by smaller groups of end user, they price is not really dropping too much.

Many peoples speculate that the price will see an end of dropping by September but some of the dealers are saying that it will happen end by December, so it is a bit [pessimistic, I am speculating that Rolex watch price will be stabilized by September.... but of course purely my personal thoughts, as I don't have a crystal ball to tell.

HK Snob

Rolex Price keeps dropping

Rolex Daytona white 116500LN was selling at $460,000 beginning of the year, today they are worth about $280,000. 

Hulk Ref 116610LV NOS was $280,000 and now it is about $200,000.

Hulk used one with Ref 116610LV is now $140,000 which is 30% lower than January 2022.

What is Patek and AP price, well, they are also affected too.

Many people ask me when the price will be up again?

I think it depends when the Russia-Ukraine war will come to an end.

And COVID is being not an issues in Asia, the economy will be pushed up and people will be having their money released for spending.

take for an example, Hong Kong, it is the place we are looking for cancelling the 7 days quarantine after coming back Hong Kong. then the whole Asian economy will be boosted like a Viagra to an horny old man.

I am expecting by end July the Russia Ukraine war shall come to a peace, I pray.

HK Snob

Price race of new and vintage Rolex watches

Obviously we can see there is a drop of demand on Vintage Rolex, so as their price is adjusting towards lower side whereas the new Rolex price is jumping up astonishingly fast! Their price are running in opposite directions.

Vintage Rolex collection

Too much knowledge on Vintage Rolex Collection to tell and there are too much tricks from the dishonesty sellers.

Is that the original bezel of your 1979 Rolex Submariner, or arguable MK III of Mark IV of your GMT Master. This is puzzle to some of the newbies or green Rolex collectors.. But it would affect the price significantly. Though this had not been the role of Rolex to tell you.  Since Rolex announced that don’t want to authenticate vintage watch at RSC in 2020, that would give a negative impact to the vintage Rolex Market. 

More people would prefer buying new Rolex or neo-vintage instead of vintage.

Such as Daytona 116500LN or 116520, their earlier generation 15620 Daytona would be the cut off line of new and vintage Daytona. Daytona 16520 price had stopped rising up as fast as 116520… not mentioning older Daytona such as 6253, 6265.

Similar case of Vintage GMT master 1675, more people preferred buying 16710 as they are known to be less “troublesome or arguable” on the watch market.

New Rolex

All new Rolex price has been shot up 30% in past 6 months.

New Daytona gold watch on silicon strap is $500,000 or more

New Daytona gold watch on gold bracelet is $700,000 or more

New Daytona green 116508 is now $800,000-950,000

New Daytona steel 116500 White is $400,000!

How about the colorful OP 124300 41mm

Well, Tiffany blue is still leading the race $275,000

Red is $140,000, green and yellow is $135,000.

So what is your choice in this Rolex Price Race?

I always buy those watches that is currently understated and keep them.

So what is your target in your mind now?

This was an interesting questions someone posted to me in the last few days

HK Snob

Remarks

Unit here is HKD, Hong Kong Dollars, 1 USD=7.76 HKD

Price shown here is just rough reference as they change everyday 

Updated price of Rolex hot models

 GMT Master Batman Jubilee Ref 126710BLNR $202,000

Starbucks Submariner 126610LV $200,000

DeepSea Sea Dweller 126660 Blue Black $147,000

Daytona 116500LN White $395,000

Date Just Palm 36mm 126234 $165,000

The price is insane and I always ask myself would this be a bubble?

My reply to the question is "Yes" But when the bubble will burst?

I told myself, I really don't know as imagine say a price of 2 Daytona White is the price of a second hand Ferrari  F430. 

Will you spend money on two Daytona or a Ferrari?

You make the choice.

HK Snob