are watchfinder taking the p***?

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Re: are watchfinder taking the p***?

Postby nbg » Thu Dec 07, 2017 12:34 am

Tyke wrote:Lot of money for watches with flimsy (worthless?) Guarantees

A one month old Rolex bought from WF has 4 years 11 months of Rolex warranty. Doesn't seem that flimsy to me?

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Re: are watchfinder taking the p***?

Postby downer » Thu Dec 07, 2017 8:05 am

stefs wrote:I wonder how long these will be with them at 9 grand a pop? Almost at daytona levels of daftness. These massive margins seem to be a relatively new thing to me but I could be wrong (usually am)
I sort of get it with special limited editions like the snoopy or Tuesday but just seems nuts with production watches. Try anf find a nautilus without paying a bloody great premium. I suppose rolex, pp etc know what they're doing but it can be very frustrating if your a potential customer. Personally with regards to wf it makes me want to say shove it to using them in the future.

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If you want an LV (or other new sports Rolex) just get on the list at the AD and prepare to exercise patience - safe in the knowledge that your watch will be depreciation-proof, thanks to the high secondary-market prices defined by WF&co. :)
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Re: are watchfinder taking the p***?

Postby stefs » Thu Dec 07, 2017 9:59 am

Trouble is Richard the three dealers I have spoken to all say they have closed their lists! One of them I have bought 2 rolex and a speedy from this year and that still isn't even enough to get me in the queue
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Re: are watchfinder taking the p***?

Postby Bahnstormer_vRS » Thu Dec 07, 2017 10:06 am

Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

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Re: are watchfinder taking the p***?

Postby downer » Thu Dec 07, 2017 10:08 am

stefs wrote:Trouble is Richard the three dealers I have spoken to all say they have closed their lists! One of them I have bought 2 rolex and a speedy from this year and that still isn't even enough to get me in the queue


That's shocking, but I blame all the people who are on the list at dozens of AD's - meaning the lists (and length of lists) are a bit meaningless. Many are on lists only to make an immediate profit. Dealers need to be more discerning somehow.
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Re: are watchfinder taking the p***?

Postby stefs » Thu Dec 07, 2017 10:08 am

Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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That's not the hulk guy and is a discontinued model so commands a premium though nowhere near that much normally
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Re: are watchfinder taking the p***?

Postby downer » Thu Dec 07, 2017 10:09 am

Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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Because they have sufficient control of the market as to be able to set the price...?
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Re: are watchfinder taking the p***?

Postby Galton321 » Thu Dec 07, 2017 10:12 am

Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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Because people will pay! Let's face it we all clamour for these LE because they are in short supply and if we grab one it will appreciate a lot. There are lots of great watches out there. Don't play the game. Don't buy and the price will drop.
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Re: are watchfinder taking the p***?

Postby nbg » Thu Dec 07, 2017 10:24 am

Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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Short answer - because it's a Kermit not a hulk!

Longer answer - it's a 2004 with 'flat 4" insert. If it wasn't a "flat 4" it probably would have been about £7,500. There are many other factors that will determine the market price, including whether it has a "full set" or whether it has been polished (polished = less valuable).

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Re: are watchfinder taking the p***?

Postby Tyke » Thu Dec 07, 2017 10:54 am

nbg wrote:
Tyke wrote:Lot of money for watches with flimsy (worthless?) Guarantees

A one month old Rolex bought from WF has 4 years 11 months of Rolex warranty. Doesn't seem that flimsy to me?

Neil


Apologies, didn't realise you retained the remaining manufacturer warranty, a lot of grey market suppliers out there seem to just offer their own guarantees which don't match up to the manufacturer's ones.
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Re: are watchfinder taking the p***?

Postby Bahnstormer_vRS » Thu Dec 07, 2017 11:08 am

downer wrote:
Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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Because they have sufficient control of the market as to be able to set the price...?


A bit like Foxtons and the London property market then? :silent:

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Re: are watchfinder taking the p***?

Postby nbg » Thu Dec 07, 2017 11:38 am

Tyke wrote:
nbg wrote:
Tyke wrote:Lot of money for watches with flimsy (worthless?) Guarantees

A one month old Rolex bought from WF has 4 years 11 months of Rolex warranty. Doesn't seem that flimsy to me?

Neil


Apologies, didn't realise you retained the remaining manufacturer warranty, a lot of grey market suppliers out there seem to just offer their own guarantees which don't match up to the manufacturer's ones.

Apologies not required. I think it is a bit of a mine field trying to find out which 'grey' dealers you end up getting the manufacturers warranty, as opposed to just their own.

In many ways WF aren't a grey dealer in the accepted sense. They sell pre-owned watches - it just happens that some have never been worn by the original purchaser, before being sold to WF.

So in many ways similar to an individual buying a watch new and selling it on a month later.

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Re: are watchfinder taking the p***?

Postby Tyke » Thu Dec 07, 2017 12:18 pm

nbg wrote:Apologies not required. I think it is a bit of a mine field trying to find out which 'grey' dealers you end up getting the manufacturers warranty, as opposed to just their own.

In many ways WF aren't a grey dealer in the accepted sense. They sell pre-owned watches - it just happens that some have never been worn by the original purchaser, before being sold to WF.

So in many ways similar to an individual buying a watch new and selling it on a month later.

Neil


Thanks for the clarification :thumbup:
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Re: are watchfinder taking the p***?

Postby Clarky » Thu Dec 07, 2017 11:03 pm

nbg wrote:
Bahnstormer_vRS wrote:Perhaps someone could enlighten me as to how WF can ask £15,950 for this 2004 Rolex 'Hulk'

Guy

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Short answer - because it's a Kermit not a hulk!

Longer answer - it's a 2004 with 'flat 4" insert. If it wasn't a "flat 4" it probably would have been about £7,500. There are many other factors that will determine the market price, including whether it has a "full set" or whether it has been polished (polished = less valuable).

Neil


Neil has pretty much hit the nail on the head with his reply so l will only add that, that particular variant of the Kermit submariner was only made for about a year, between mid 2003 (announced during baselworld 2003) until late 2004 with the flat 4 on the 40 of the bezel and it was Rolex's very first anniversary watch to celebrate 50 years of the submariner. So it makes it the Ultimate version of the submariner LV to have if you are if you want a LV submariner. You can't ware it of course as it is worth much more as a compleat package in mint condition with all of its stickers on ](*,)

They were going for about 4.5k five years ago :(
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Re: are watchfinder taking the p***?

Postby Bahnstormer_vRS » Thu Dec 07, 2017 11:18 pm

@Gents - thanks all for the information.

Hulk, kermit, flat 4, SubB, SubC?

Seems like I've either got a lot to learn about the world of Rolex, or carry on in my current blissful ignorance.

Guy

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