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

What if COVID-19 is still with us.

What is the new norm after the COVID-19?

Well, it is hard to say as we may have COVID-20, or a new generation of pandemic diseases. This virus does not carry any nationality, ? who knows one day, that may be no vaccine to cure and all human gone in one day!

What we can see is changes:

1. Work from Home

2. Olympic games, watch show, auction go on line, soccer games without audience!

3. Watch boutique number will be reduced may be more than 60% in three years time

4. Zoom, Teams, Webex is our meeting tools

5. Good presentation material would be key selling tools for technological product sales

6, Virtual reality in luxury goods shopping

7. On line sales figure double up in 1 year

8. Instant food, delivery and medical business blooming

9. China will go de-Americanized.

10. Money value drops as many factories closed except money printing machine keeps 24/7 running

11. Goods-goods trade without money involved.

12, Many Airlines companies will diminished and closed

13. China 5G will be the most powerful tool for communications by 2023

14. China will be one of the few countries produce COVID-19 vaccine in volume.

These are my personal opinion only.

Wish all the worst time had gone, and tomorrow would be better day for the world.

HK Snob

Story of Rolex Polar

Left and the Right extreme is 16570 and the two in the centre is 16550

Story of Rolex Polar 

Introduction of Rolex Explorer II ref. 16570. 

Rolex followed up the Explorer II ref. 16550 with the ref. 16570 in 1989.  

It kept its 40mm size and stainless steel Oyster case and Oyster bracelet design, which I think a right and optimized size Rolex had an extensive study. 

New to the dial was the black outlines of the hour markers and against the cool white dial, the luminescent indexes really pop up! So called Polar! 

Also new to the Polar ref. 16570 was the movement. Early models of the 16570 are equipped with the Caliber 3185 automatic movement, while later versions are powered by the Caliber 3186. Also found on the later versions of the ref. 16570 is the “ROLEX ROLEX ROLEX” engraving on the rehaut as an anti-counterfeit measure. This particular ref. 16550 dates back to 1997/1999 so it’s powered by the Caliber 3185 and does not included the rehaut engraving. Whether opting for a new vintage or the Explorer II Polar, decide here looking at this watch.  

A Robust stainless steel oyster case coupled with a cool white dial and a bright 24-hour hand makes for a timeless sports watch that brings out one’s adventurous side.  

Both exceedingly practical thanks to its time, date, and GMT-hand functions, and impeccably designed, the Explorer II Polar is a Rolex not to be missed. And soon the 216570 will be replaced with newer ceramic Explorer II or III? Keep you vintage Polar is my advice to you. 

HK Snob.

Latest Rolex Price

HK Watch Fever and Classic Watch Repair do facebook Live on Watch talks

For the very first time, I had made a trial run with Michael Young of Undone watch for a facebook live on watch talks last Saturday 18 July at 1330-1400.

This is a test for you know during the hard time, no one could fly as we used to do in 2019. Many people want to do some watch shopping but there is limited opportunity to do that. Why not we try to do it on facebook live?

We did it and there was good response as there are 821 views on the video up to this moment.

We shall improve as we are not setting up properly and we did not have script.... but that may be something you want.

We may do it on next Saturday, if you want to see join my facebook "Paul Ip"

HK Snob

Daytona is King of Rolex Auction

One Daytona in Platinum with Lapis Lazuli dial 16516 was sold in Hong Kong Sotheby's auction recently for HK$25,375,000. That is equivalent to US$3,253.300!.

The last one same model sold in 2018 was US$871,000 only.

So moral of this auction is precious stone Rolex price could be crazy,  such as...

1. Submariner 16618 in Lapis Lazuli.

2. Rolex Day Date 18238 in Lapis Lazuli

3. Rolex Date Just 16238 in Lapis Lazuli

Why? Very Simple, as Rolex is not doing many Lapis Lazuli on his watch in the recent 20 years.

For cost of doing that is high and there is no such need to make such a small volume to add oil to this hot Rolex hype...

HK Snob