Yacht Master II Ref 116621
Rolex Watch overview
Some people invest in a luxury item to celebrate a major
achievement in their career or personal life, while others just want to wear
this elegant timepiece that holds its value for years and years to come.
In Hong Kong, I know many parents have bought his kid a
Birth Year Rolex and give them when they graduate from their University. Lucky
kids!
The important thing to remember is to never rush into buying
your first Rolex watch. You should do research to understand the different
features that matter to you. Generally, you have the option to buy a brand new
Rolex or a vintage one. For people who are planning on buying one for the first
time, it may be worth considering buying brand new to make sure there are no
issues.
One key thing you should know is, nowadays, it is almost
impossible to buy Rolex at SRP (List price or Supplier Recommended Price) at AD
(Authorized Dealer) for sport model.
If you decide to go for a previously-owned Rolex, you need
to be sure about its histories such as any problem, defect, and its
authenticity. Buying from a renowned Seller is suggested. From there, you can
ask yourself if you want a Rolex that is dressy, sporty, casual or a little on
the flashy side. The price tag also depends on the model and the features you
want in the watch.
What are the Rolex Sport models?
Yacht Master II, Explorer II, Daytona, Submariner, Sea
Dweller, GMT Master II, Sky Dweller, Air King and Milgauss.
Non Sport Model is Day Date, Perpetual Oyster, Date Just,
and the Cellini.
Price and Discount in Hong Kong
All Rolex watch under the same model carries the Same SRP
price in all AD shops as this is controlled by Rolex.
Discounts
All Sport model might not be offered any discount now at AD.
Well, to my understanding, there is some exceptional cases
that if you are the SVIPs as you may buy another watch or jewelry item worth
Half a Millions the same time you buy the Rolex.
New Rule since November 2018.
All Rolex watches are require to put name of the purchaser
on the name card,
The White tag carries the S/N number of the watch had to be
confiscated by the Manager
The manager will put done the Date of the purchase on the
Warranty card
All the sticker on the watch have to be removed
And the bracelet has to be resized a nd you are required to wear
it immediately to leave the Shop.
Also they have t take a picture on the resized watch and the
filled up warranty card and that picture will be sent to Rolex HQs in Hong
Kong.
Price Adjustment
There are two major price adjustment, one is Nov 2012 for
all Rolex Model increased by 3-5%
The other time was August 2014 that only few Sport models
price were increased by 3 to 6 Percent.
Only till 31 Jan 2019, all Rolex model price were increased
from HK$2000, to HK$30,000
With exception that the model GMT Master II White Gold Pepsi
Ref 116719BLRO decreased from HK$297,900 to HK$286,800!
Market Price
Due to Demand and supply not in balance, also a lot of
people going to invest on Rolex after they surrender in purchase of the home in
HK, as House in Hong Kong has been the world No. 1 highest since 2011. An average hone will take us 19 years annual
income to buy!
Daytona Ceramic Ref 116500LN white is now selling at
HK$188,000 which is 1.94X the SRP
HK$96,700
GMT Master II Pepsi Ref 126710BLRO is selling at HK$131,500
which is 1.8X the SRP HK$72,700
Batman GMT Master II Ref 116710BLNR is now selling at
HK$107,000 which is 1.53X the SPR HK$69,600
Submariner Single Red Ref 126600 is selling HK$106,000 which is 1.19X the SRP
of HK$88,500
Submariner Ceramic Ref 116610LN is selling HK$79,000 which is
1.189X SRP of HK$66,400
Discontinued Model
Rolex Manager told me that Explorer II has been
discontinued. Though He is a manager but Rolex seldom announce that certain
Model will be discontinued till the Release of the new Model. So let’s watch
out at Basel World 2019.
Milgauss green glass should be also in the list of discontinuity.
Ref 116400GV
Basel 2019 Rolex new release
There used to have a lot of guess on what Rolex would have
in the Basel 2019
These are some of my idea
Explorer II
2018 was the 65th anniversary of the Submariner and the
Explorer Ref 214270. Obviously both anniversaries went by unobserved. In fact,
I'm not aware of any anniversary model that wasn't a 50th-year tribute - I'm
not aware of any significant anniversaries next year. The Explorer II turns 50
in 2021, so it might make sense for Rolex to hold off on any changes in that
model until then. Ceramic Explorer II
may come with ceramic Bezel for the first time by 2020
Submariner
I think the Submariner will get some attention in 2019. I
think that the Submariner's current 3135 movement will get replaced with the
new 3285 movement that was placed in the new Pepsi. The new Model shall be
216610LN with 70 hour power reserve and may have a slightly tapered lug transition
to bracelet. The other not new in 2018 but current GMTs still have the 3186
movement.
GMT Master II
Will there be a Coke Version released this year, I am not
too sure, may not be in this year.
Daytona
I cannot think of what major changes could take place on the
Current Model 116500LN!
Supply to Watch Buyer
Still Rolex has a high production still cannot supply enough
to the Rolex Fans…. So price will be still up in the SKY
Will you imagine that a Daytona Steel would be going to the
price of HK$195,000 ? Possible and soon!
How Many Rolex Watches were made a year?
Nobody outside Rolex (or Wilsdorf foundation) knows the
exact number of Rolex Watch made each year, but our estimated number is between
800,000 and 950,000 a year. As remembered that Rolex had reduced 50% of Sport
models in 2017. We also think that Rolex
control its number as dynamic, which means they can go up and down depending on
the economic climate, demand situation or price control. We’ve seen some years
that weren’t easy, probably also not for Rolex. It makes us a bit hard to
convince that Rolex is not able to fulfill the demand for these stainless steel
models such as the Submariner and GMT-Master. In my opinion, Rolex Simply does
not want to make vast expansion on production because Rolex Does not need to be
responsible for his share-holders as Rolex is a private company!
How Do I look at the Rolex as for Investment?
Well, I think there is possibility Hulk will be discontinued
this 2019 after its first appearing on 2010, Sorry We say this every year but
it seems the Hulk never Die, LOL!
Batman instead was introduced in 2014 but up to now its
price is even higher than Hulk in the open market! Why? Because rumor is that
will be discontinued, again this may be rumor only.
But the fact is Batman is selling in the market HK$107,000
whereas Hulk is priced at HK$102,000.
I think these are the best Rolex investment for 2019.
BUY:-
- Daytona Ceramic 116500LN White
- Batman GMT Master II 116710BLNR
- Submariner Hulk 116610LV
- Explorer II 216570 Black
This is purely my personal comment on Rolex, you are welcome
to give your comment.
HK Snob
