Some miserable trade practice

In Hong Kong there are a few ways to sell your watch, fb, IG, and Carousell is the most common platform for Rolex.  Over the years, we have encountered certain unpleasant watch trades incidents, sometime it was really frustrated and or disappointed. 

Usually we can found these common incidents as real life of watch trade in Hong Kong, don’t know this also could happen in your countries?

They will ask you going RSC for authentication even you are selling your brand new watch just purchased yesterday. RSC does watch authentication and at same time check if the watch was stolen or not.

They ask you to bring cash and input to the ETC machine on his account such as to verify if your money is not counterfeits.

They used to ask a lot of questions such as where did you get the watch from, do you have purchase involve, why the warranty papers was lost!

They used to ask a crazy discount, as I had a Rolex listed HK$200,000, the buyer asked me if I can sell him at $100,000!

We are forced to mark up on the actual price of the watch because they will ask discount and after a while ask discount again.

Someone asks you if you have a shop, if not they don’t buy!

Don’t think they come out to check your watch will likely buy if, some of them just want to kill time. Usual phase to say not buying “Sorry I changed my mind”, “ Oh I just bought it yesterday”,” My wife stops me buying again.” “No, out of my budget”, “ I’d better watch for next year to consider new Rolex design”.  The worst is, they ask you a lot of pictures via whatsapp, and after you have sent them the picture… they may just keep quiet, not even bother to send you a word “thank you!”

Of course I am picking up the worst cases here, there are a lot of good people who are really want to buy from you with sincerity.

Remarks

Customer is King, why does King ask for discount?

HK Snob

Rolex Watch price has just been up in the last week

There was an sudden price up in the week, I think it is mainly due the dealer is seeing the end of the tunnel Rolex supplies is getting scarce.

if you need to buy, you got to buy. And if you don't buy, the limited stock would push the price up.

These are the price update on Rolex market in Hong Kong, all price is in HKD.

Daytona 116500 White was $180,000, now $182,000

Submariner 116610LN was $85000, now $87,000

Explorer II White 217670 was $64,700, now $66,700

Sea Dweller 126600 was $100,000, now $104,000

Submariner Hulk 116610LV was $113,000, now $115,000

Deep Sea Sea Dweller 126660 Dblue was $103,000, now $105,000

GMT Master II 126710BLRO was $128,000, now $129,000

GMT Master II Batgirl was $102,000, $104,000

These are the dealer price trade between dealers, and price for certain AD shops.

Note that only certain small number of SVIP could get MSRP on Rolex.

Those who wants to get at MSRP might be needed to put your name there waiting.

Price is estimated only as it keeps on changing, the trend is going up!

HK Snob

Rolex Price at AD Hong Kong

Rolex Price

Submariner 116610LN $84,000

Sea Dweller 126600 $102,000

Daytona 116500LN White $181,000

Daytona 116500LN Black $171,000

Explorer II 216570 White $64,700

Explorer I 214270 $51,800

Batgirl GMT 126710 BLNR $104,000

GMT Root Beer 126711 $130,000

GMT Master I 126710BLRO $127,000

Sea Dweller Deepsea 126660 Black $101,000

If you want these Watch, Whatsapp me.

Price is in HKD. Credit card or cash same price.

HK Snob   

Price updated on 21 May 2020

Buying your First Rolex

There has been a lot of enquiries about buying one's first Rolex. Most of the people would like to buy a brand new Rolex at Authorized Dealer. This is a golden rule for most of the people buying the first Rolex from AD.

Well, there is nothing wrong doing this as that may be a way to ensure a peace of mind in the purchase.

As I know there is a lot of people who is so much afraid of buying fakes from gray dealer.

However there is a smaller difference in price on hot model between Ad and Gray dealer's nowadays.

and there is about 15% different between gray dealer and AD's for common models such as Date Just, Lady Date Just or two tone date just.

In fact there is a few gray dealers who are quite reliable and reputable in Hong Kong.

Also there is still some number of gray dealer's watch are coming with unnamed card and full sticker, unadjusted bracelet available. They are really having good KwanXi with the foreign AD shops!

HK Snob

Is it the best time to buy your Rolex now?

Many people told me let’s wait to see the bottom of the price drop of Rolex to buy.

There is no way to predict the bottom price at all. As no one knows how much HSBC share price would go down to.  Or when it will hits $80.00 per share?

There is always possibility to have further drops, all depends on many factors that is out of our control.

There are people who would:-

1. Wait until he can get Daytona 116500 at SRP. I think you may have to wait for years under current waiting list.

Certain Jeweler store Chow XX asks to buy an One Carat Diamond about HK$70,000  to get a Submariner or Batgirl at SPR,  unless you need that diamond for certain purpose, I don’t.

2.There is a of of financial strong dealer buying Rolex now and most of the stock left for those Chinese Visitors are almost sold out in this March-April. We we could buy Explorer II White at SRP $64,700 last week, this is the price has been up by $2,000. Meaning large portion of stock has been consumed.

3. If you are a newbie for Rolex, I think it is good time to buy now. As once when the lock down is cancelled after 23 April, there may have foreign and Chinese Visitor coming to purge all Rolex Hot cakes. Price will be up again.

4. These are my ten cents opinion only, just for your reference. You may have another idea and we can share it under blog comment or talk to me via Whatsapp.

HK Snob

All Major Rolex Watch Model Price, price at Rolex Authorized Dealer (AD) and gray dealers in Hong Kong April 2020.

These watches are available at AD shops, please inform me in advance for arrangement.

For my study on what is the best preferred post on my blog, there is one hits 92,366 page views on 30 June 2013, that is about 46,000 visitors in average, with 312 comments, that is a record on my blog.

So I think it is time that I should post something that you may “like”!

Rolex has been selling overprice on his sport model in 2019, well, after the pandemic COVID-19, this situation has been changed, because:-

HK, Macao and China has lock down, and you are have to be follow quarantine isolation for 14 days on arrival.  Who will come to Visit HK or buying Rolex?

This is situation of HK,  Karaoke, bar, Massage Sauna,  facial parlor, Cinema, has to closed by law till 24 April.

Restaurant are not allowed to sit more than 4 persons per table. Each table must be set afar 1.5m  in restaurant.

As a consequence, there is supply of those watches used to keep inside the drawers is not open for you to buy now. Is there is no Chinese buyer, price has been going down a bit in these two months about 5%. Some speculator private buyer is waiting to see further drop of the Price. All depends when the COVID-19 will come to an end , and once the Chinese could come HK, then the demand will be increase and price will go up again. As far as I know, many watch buyers and dealers are trying to stock up when they can afford to buy.

These are real watch speculators.

HK Snob

Remarks;

AD means Authorized dealer

SRP means Supplier recommended Price

Remarks I make a Correction Hulk is now HK$111,000 , my mistakes

More Rolex Watch Available at Rolex AD shops

As there is almost zero Chinese or foreign visitor coming to HK and Macao and the lock down between these places; Macao, China and Hong Kong. Also all incoming visitor from now on had to go through an immediately Coronavirus test before you can enter the city for 14 day quarantine.

There is some of the sport model which is normally very hard to get is able to buy now at Rolex AD shop.

These are the watches available:-

Rolex

Daytona 116500LN White $180,000

Daytona 116500LN Black $175,000

Daytona Platinum 116505 SRP $640,500 less 3%

GMT Master II Pink Gold 126715 SRP $299,100 Less 3%

GMT Master II 116710LN $84,000

Batgirl 126710BLNR $104,000

Pepsi 116710BLRO $128,000

Hulk 116610LV $110,000

Submariner 116610LN $84,000

Explorer II White 216570 $63,470

Sea Dweller 126600 $99,000

Patek

Nautilus 5711/1A Blue $482,000

Remarks

Those are HKD, credit card for Rolex is OK

For Patek add 2.2% for Credit card

The watch is new  full set with box and subject to 5 years international warranty, 3 years for Patek.

Whatsapp me for more information.

HK Snob

Watch Available at Rolex

GMT Master II Green pointer Ref 116710LN HK$83,000 (last few)
GMT Master II Pepsi Ref 126710BLRO HK$128,000
GMT Master Blue Black Bate Girl Ref 126710BLNR HK$104,000
Sea Dweller Ref 126600 HK$99,000
Daytona Ceramic Ref 116500LN White HK$183,000
Daytona Ceramic Ref 116500LN Black HK$173,000
Submariner 116610LN HK$83,000
Explorer II 216570 White or Black $65,700
Explorer I 214270 HK$51,800
more to quote on Request on Whatsapp 852-51229994


Price is subject to change in week, so that is for your reference only.
If you are willing to pay that money for that watch, you can call me.

It is not me to set the price but the Rolex Shops. No need to ask discount as that is
the very good price in HK market because of this COVID-19, no Visitor could come to buy that is why stock is still available. 1- max. 2 Pcs per model.


These are new watches I could Possibly find at the Rolex AD, buying with you using your card and registered under your name.



HK Snob
'

Watches available from me

These are my own collection
1. Patek Ref 3800G full set (will be in HK in July) it is now under movement overhaul in Patek Geneva.
2. Patek Philippe white gold dress watch which belongs to one of the ex-president. (serious collector only)
2.1 Patek Ref 5990 Year 2016 worn a few times only, like new HK AD full set HK$500,000.
3. Rolex Explorer II Polar T25 Patina W series Full set. $84,000
4. Rolex Explorer II Polar T25 T series Full set $63,000
5. Rolex Explorer II Black Patina Lume Full Set T series $68,000
6. Rolex Explorer II black Full set
7. Rolex Sea Dweller 16600 Patina Full set $79,000
8. Rolex Day Date 118209 White Gold Oyster bracelet smooth bezel watch only $115,000
9. Rolex Date Just 16238 Lapis Lazuli dial with Oct 2019 HK Rolex Service Centre paper and Box $178,000
10. Rolex Oyster Perpetual manual Winding black dial Ref 6426 year 1971 with warranty paper, 1976 Service paper, 1989 Rolex service paper and Box $22000
11. AP Royal Oak ref 6402 in yellow gold year 1972 (soon available)
12  AP 26022BA yellow gold Chrono with leather strap full set $176,000
13. Vacheron Constantin Ref 49140 Chronograph full gold with paper and box year 2005 $190,000
14. Vacheron Constantin Triple calendar in 18KT yellow gold $100,000
15. Vacheron Constantin Chronograph in 18KT gold full set $100,000
16. Baume Mercier Tiffany Chronograph Full set
Whatsapp +852-51229994
HK Snob

Rolex Purchase at AD.

Thanks for those who came to this site and asked my support to get you the watch you want. Yesterday, One 116710LN green point Brand new sold, thanks! There is one more Green Pointer if you want, likely only one in HK. For other watch enquiry Here is some of the updates:

1, Daytona 116500LN White $182,000

2. Daytona 116500LN Black $176,000

3. Hulk 116610LV Sub $111,000

4. Submariner 116610LN $84,000

5. Pepsi 126710BLRO $129,000

6, Sea Dweller Single Red 126600 $99,000

7, Root Beer GMT $129,000

8, Batgirl 126710BNR $104,000

These are all brand new in AD, using your credit, under your name. Price is HKD, price is subject to change every week, call for confirmation and we try to allocate and reserve for you. Price is not SRP, don't ask me SRP watch coz I cannot get it. The reason why we have these is because of no Chinese Visitors in HK due to the COVID-19. After these one-two months, once the visitors could come HK, stock will be purged out all. Pls contact my Whatsapp for immediate response. 852-51229994

HK Snob

Wish this COVID-19 will be gone one day very soon!