The Rolex Magazine

This is the Third release of Rolex magazine

The first one is "Daytona'
The second one was "Date Just"

So this is the current release of " Sky Dweller"
141 pages, heavy pound paper, beautifully printed!
Go to get it at your nearby Rolex AD

HK Snob

Shopping Rolex is always fun in Hong Kong

Imagine someone could fly from Dubai arriving 0600 and
do some shopping in HK and fly back tomorrow afternoon.

Definitely Rolex is one of the major item on the shopping list as Rolex is more expensive in Dubai than in HK.


It is Still Good place to buy Rolex in HK as especially the price is still unchanged, whereas other two other territories are suspected to increas Price tomorrow.



HK Snob

Corum 1950 Dress watch in solid 18KT yellow Gold

Today, I met an old Friend , he used to be a Collector of watches and fountain pens, the purpose of the meeting was to ask him selling his Chilton Fountain Pen set in Red Celluloid to me... however the nib is a bit hard for Calligraphy.
My eye had spotted his watch, a small but beautiful Rectangular watch of the 50s. I took it away by paying him a few thousand dollars.

This is a nice dress watch with 17 Rubies, INCABLOC, likely this is a 1950 design, 25mm x20mm, well that is the right size fo the 50s; but not as big as my oversized Roger Dubuis, of course!

I may wear this Corum on my right wrist whilst the Roger Dubuis on the left. 

HK Snob

Rolex Sales

GMT Master II Blue Black Ref 116710BLNR $65,500
Deep Sea D-blue Ref 116660 $91,000
Daytona White Ref 116520 $86,000
Submariner Hulk Ref 116610LV $65,500

Etc...etc....

All brand new comes with Warranty, Full set with Box , Cash deal.

  HK Snob

Rolex for sale in the new year of Goat 勞力士羊年酬賓週!

These are two gold watches for your consideration:

1. Rolex Day-Date OysterQuartz Ref 19028
    had been authenticated in RVC last month,
    never been polished, super rare asking only $73,000

2  Rolex Date-Just Ref 15238 34mm special Osyter Rivet bracelet $68,000

HK Snob

The Oyster Quartz was sold 24 Feb.

Rolex Date Just Ref 15238 18KT on sale

Rolex Date Just Ref 15238 comes with extra white dial, RVC service paper.
18 KT yellow gold with original rivet Oyster bracelet.

34mm unisex size
Asking HK$68,000.

HK Snob

Rolex 118209 White Gold Day-Date 100% Brand new un-dated full Set Special offer

New Stock Rolex Ref 118209 Day Date 18KT White Gold,

Ice Blue Wave Dial, 888 Hong Kong Official Rolex Watch.

Full set with box.

List price HKD$230,500

Now Only HKD$138,300 Cash only

HK Snob

HK Watch Fever

PS Watch Sold on 17 Feb 2015

A Patek Rolex, Rolex OysterQuartz

Rolex OysterQuartz Ref 17013



A Patek Rolex?

What is a Patek Rolex?

I am not talking about a FrankenWatch! That is not Double name Rolex or Double name Patek Philippe!

As all we know Rolex’s service charges is one of the most reasonable amongst those Swiss Luxury  brands PP, AP, VC, Cartier and Piaget...etc

Somehow some part of the world has changed as friend of mine had has recently crushed on Rolex Oyster Quartz.

He had had a Day Date OysterQuartz ref 19018, and he has purchased a  two tone Oyster Quartz Ref 17013 with HKD$18,000.

This is his habit to restore his watch to tip-top condition for all the purchases.

Like us, after the watch is serviced to best condition we can, then we start to search all the accessories such as original box,  manual, tag, calendar, warranty card holder under the same years the watch was sold to make a full set.

So as usual, for every watch he buys, he used to send to RVC to make a complete service.

After waiting three weeks anxiously like ants on the wok, this is the quotation he got from RVC.

Case and Crown $9,750 (steel)

Bracelet $27,000 (Two Tone)

Bezel $7,500 (18KT gold)

Case back $760 (steel)

Sapphire Crystal $970 

Service  charge $8,270  (cleaning and lubrication on the Movement, battery Changes , may be they give you Maxwell battery Cell known to be the best Quality!)

The above is recommendation from Rolex for his watch to be upgraded with the new parts.

The total charges is $54,250!

The about price is for replacement while your orginal parts will be confiscated.

Total Cost of such a NEW OysterQuartz  becomes $72,250  so that is why I call this Patek Rolex!

I am thinking if I send my Day Date Ref 19018 Birch dial to service, I may receive a quotation of $200,000!

May be you don't know, the price of Rolex OysterQuarzt part is astonishing, one section of the 18KT yellow gold bracelet link is HKD$7,500, a full length has 23 Pcs, that is a total price of HKD$172,500!

That is price of a NEW OysterQuartz Yellow Gold bracelet…

Now you know what Patek-Rolex I am talking about!! 

Rolex Day Date 18KT Solid gold Ref 19028 Pyramid

Can we see how beautiful the condition of this watch is?

Full Length Bracelet

Attached is a excellent Plus Ref 19028 Pyramid in 18KT gold, super rare OysterQuartz.

Asking HKD$77,000 in original OysterQuartz Wooden box.

HK Snob

Chinese New Year Wishes 送你招財進寶限量版金撈發隻



May all your wishes come true, wish you all the best for a  whole year through!

送上招財進寶金撈限量版每人發隻。

祝羊羊得意,

身體健康！

HK Watch Fever

Four Reasons why I love Rolex

Four reasons why I love Rolex

Some vintage watch collectors love Patek Philippe, Jaeger Le Coultre, Vacheron Constantin, Audemars Piguet,  some love Panerai, some love IWC, some love Grand Seiko, some love Cartier, A Lange, Richard Mille, some don't care… they wear anything they can pick up for the pure function of a “Watch”.

I was about to mesmerize Rolex when I listened to the sailors talking about it when I was on board merchant vessel working as Radio officer.. .. They mentioned how much they could earn by “smuggling” legally Seiko 5 into the Africa in the 70s. And Saved up money to buy a authentic Rolex.

I saw Patek Philippe or Nardin Maritime Chronometer in the chart room behind the Bridge… but that is the ship’s basic instrument that work with Sextant to get position of the ship.

Even the Satellite, Omega and Loran is operational (these are the major Navigational aids in the 80s). Of course, Patek and Nardin Chronometers are the dream item for Maritime collector.

I met the sailors, Oiler, Carpenter, chief engineer, Second officers, Quarter masters, Chief Steward, Radio Officer, Captain… in my three ships I worked. They worn Rolex. When I asked what is your preferred watch you would like to buy most? They all seems go to one Watch : Rolex.

But Why!?

Tool Watch

The Sport Rolexes were created for rugged use and waterproof, that is so important to have a perfect water proof watch to be used on board to avoid to be corroded by Sea water.

Their movement is so strong and reliable, imagine a carpenter has been using his Date Just every day for 15 years. No watch could survive that way!

We all call Rolex as “Tool Watch”

Purpose-built

Vintage Rolex collectors love the romantic notion that so many of the classic models were created for specific, functional purposes —The Rolex GMT-Master was originally designed for PAM AM trans-continental pilots.

Milgauss (literally, ‘thousand gauss’) for engineer working in strong Magnetic field Power Plant or engineering lab.

Submariner for divers, etc….

People love wearing them as they are built for tough environment, not simply as jewellery or decoration like others.

Details

Early release “Flat 4” bezel of Submariner green bezel Ref 16610LV, ‘Underline’ Dial, Bart Simpson’ dial, Double Red, Green and Chicken Blood dial of the Day Date 1803, 2, 3 or 4 hallmarks on the watch case, plus so many other combination of dial, case, crown and Rolex logo...

There are so much fun for people to collect these watches as they carry not just a watch but the details that makes you obsessed, and the development story on WHY they were designed like that!

There are so many other interesting details that may you find from watch collector, book, Google that you can explore the reason behind, that is the funniest part of watch collection. I don’t think other watches has so much details as Rolex does.

Value

A Mint Condition of a Submariner, GMT Master, Day Date would carry a Vintage Value. Rolex collectors get excited to own a wearable investment, rather than those Stamps that has to be stored in the Safe Box at certain temperature with controlled R.H., or a Ching Dynasty Vase that people can only appreciate in your living room or museum, and you had better don't touch it!

A Real vintage Rolex has turned into a Walking Museum on your Wrist!

No Matter Submariner, Daytona, Explorer and Milgauss. Those are models that continue to grow in value faster and steadier than most other existing classic watches. I told Anthony to keep his first released Deep Sea Ref 116660 D-Blue un-used, as after a period to time, the watch may contribute certain portion of your retirement Fund.

Like those Telefunken Vacuum tubes ECC803S, ECC802S, as its value grow year by year because they will not be made again. And the company is not able to repeat the same quality if they were re-make again as compared with those they were manufactured as in the German Factory 50 years ago. A NOS in box is now value 900 times you bought in the 60s.

Nowadays

No one would not disagree that Rolex is among the world’s most recognizable luxury brands of watch.

So Do I…

HK Snob 

Rolex sale

Rolex :

Ref 116660 Deep Sea D blue Official $91,000 cash.
Ref 116660 Deep Sea Black $73,000
Ref 116610LN Submariner Date $55,000
Ref 116610LV Submariner Hulk $65,500
Ref 116713 Submariner Two Tone $75,000
Ref 116710 BLNR GMT Master II Blue Black $65,000

All in Cash HKD


HK snob

Rolex 1675 GMT Master Pepsi

Used GMT Master Ref 1675 in excellent plus condition with box but no Paper.

Asking HKD$52,000 cash.

HK Snob

 PS watch sold on 17 March 2015

Service Charge of a Swiss Prestige Watch

This watch Company was established in 1839,

They produce now about 45,000 watches a year.

Entry level is HK$84,000  for a lady model up to $2.7M as on the price book… special model is not listed here.

This is the Service Charge for their watch:

Battery Change $1,000

Standard maintenance fee for Quartz watch $4,550

Standard maintenance fee for manual wind watch $5,800

Standard maintenance fee for automatic watch $6,650

Primary complicated Watch Maintenance fee $8,750

Secondary Complicated Watch maintenance fee $12,500

Triple Complication watch maintenance fee $ TBA

Watch over 20 years of usage maintenance fee $ TBA

Inspection fee $1,000

Archive check on watch $900

Some of the complication watch may have to be serviced in Switzerland $TBA

Polishing case (all model) $1,000

Polishing Case and Bracelet (all model) $2,000

Nautilus Case $1,400

Nautilus and Bracelet $2,800

The Above price is in HK Dollar, purely for your refernece only, exact price will be quoted by Patek Philippe

Service Duration 2 months to 1 year.

HK Snob

Don't Miss the boat!

 Patek Philippe Ref 5711-1A

Many people were surprise about 20% price reduction for a Swiss prestige watch company wasn’t common in the past.

Base on what we know that PP isn’t that insane, well, knowing that HK is one of the World largest hub for PP official and grey dealers. There is an estimated HKD$490M worth PP Stock., assuming an average price of HKD$200,000  that may have a number of 2,450 watches…it is a lot as PP produces thousands of watches a year.

So treat this as a Special Offer from PP, if you want to buy a PP, it is a great opportunity to buy Now!

For your reference, PP will have such a price adjustment on the following countries:

Switzerland Decrease by 5%

EUR Countries Increase by 7%

Great Britain unchanged

Asia-Pacific decrease by 3%

Hong Kong decrease by 7%

Japan increase by 5%

Americas  decreased by 7%

And I think PP is using this to Clear off the existing stock of the grey dealers, makes them unsalable, offset their profit margin to zero or even negative percentage.

90% of HK grey dealer PP is from Europe, 7% price of increase will block the grey dealer watch import from some of these countries like Italy, or at least reduce their profitable margin. 

We don't feel surprise that PP will likely increase big percentage the price sometime later or on June 1 2015!

Let’s Watch out.

In NYC

NYC Biochemistry PhD student bought with USD$26,000 (HKD$202,020) at PP AD.

In HK

If a PP 5711-1A was HK$220,000  before 10 Feb, the new price is HK$ 172,800 now.

HK Snob

Shocking News, Patek Philippe Reduces Price by 20 Percents effective Today!

Effective immediately, Patek Philippe reduces Price of all old models 20%.

Whereas they reduce 7% to 8 % on all 2013 and 2014 models.

This is a shock to me as Patek Philippe should not go that far for 20% price reduction.


HK Snob

After Panerai, Patek Philippe will likely reduce the price tomorrow

After Japan had increased the price of Rolex 4% to 10%.

Audemars Piguet increased some HK$ 6,000 on model like 15202ST , follow by Germany with adjustment of 7% on 1st Feb,.

Panerai reduces all model by 5%.

There is rumour that The prestige line of Swiss most renowned brand of watch Patek Philippe will reduce their watch price by a few percents on 10 Feb. Let's see if that is true and how much.

I heard that UK will increase price of Rolex on 1st June.

So we can tell that Market of luxury watch is slow. we don't know when Patek Philippe price will be increased?


HK Snob
Watch Fever