These Rolex Models Are DEAD In The Market - Watch Dealers Honest Market Update - October 2023

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Welcome to The Honest Watch Dealer Channel - here to educate and entertain watch lovers from every corner of the globe.
As the Founder and CEO of The Luxury Watch Company (the Norths leading independent watch company) The Honest Watch Dealer gives the real-time perspective of an active dealer.
We’re constantly interpreting and analysing the daily trends of the luxury watch market, before consolidating, then broadcasting to our loyal viewers.
“Knowledge is power” in this world and we believe that you have every right to gain inside insight and an unmatched understanding of the market you’re entering into.
Whether you’re a collector, investor, or daily wearer, we hope you enjoy our channel. Please tune in every Sunday at 7pm for our latest release.
Charlie (THWD)
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Опубликовано:

8 сен 2024

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Комментарии : 457

@Pete63 11 месяцев назад

Let’s keep it simple. What went on the during the Covid years to watch prices was a complete market distortion which I’d say is highly unlikely to ever happen again. Buy a watch to mark a special occasion, do not consider it an investment.

@davidbrown9947 11 месяцев назад

^ exactly this 100% The grey market is full of inventory which isn't shifting. Why? Because they are still asking Covid prices, which in and of itself, was mental, even at that time. Remember at the height of the madness, where youtubers were tealling everyday punters , like me when they bid for a watch , " todays price is not tomorrows price" implying in the strongest terms, if you don;t buy it today, it will be more tomorrow. Well, it works both ways, you can now say the same thing to them in reverse.

@dizedevl 11 месяцев назад

Prices are correcting accordingly and will continue to decrease. If you compare those price charts to stick charts.. Carbon copy.. Be patient or not, treat yourself when you can!

@MrDaymien1 11 месяцев назад

What happened during covid has happened many times just on smaller scales. So if the event expanded prices throughout the "whole" economy not only the watch market to such a noticeable main stream event, imaging were prices will go in the next event as financial crisis are only getting larger . Some prices are still expanding deflating other prices as the wave of inflation created by governments moves through the economey. Value a watch and look at the price, purchase a watch or hard asset at the right time to protect yourself against the effects of inflation, expanding prices, just workout where you are in the cycle.

@JTMarlin8 6 месяцев назад

I disagree. There's been a minor correction to the some of the most absurdly priced watches like the stainless Daytonas. They went from trading at 300% retail down to 200-250%. Still ridiculous. In the meantime, the inflated demand has propagated to every other model. Even Datejusts are hard to get now. High demand and low supply are here to stay, I'm afraid.

@stu7803 11 месяцев назад

As the recession bites, and it will, expect to see prices tumble and I won’t be shedding any tears for the likes of Rolex, Patek and ADs who have treated their clients with utter contempt.

@Soulheads-yy3zq 11 месяцев назад

In which way have these brands treated their clients with ‘utter contempt?’

@jacstoneu 11 месяцев назад

They decided to sell to flippers over the last 3 years instead of retail clients so screw the AD's and these brands

@MistaTea247 11 месяцев назад

I’ll be buying

@BobbyDazzler888 11 месяцев назад

The full normalcy with have in 18 to 24 months. Sit back and enjoy the show. 🎉

@satellitesecured1357 11 месяцев назад

As someone who has purchased multiple watches at MSRP from an AD, I have to politely disagree with you. I mean not to be antagonistic, but I know, for a fact that they have refused to sell to anyone whom they even suspect of flipping. I’ve watched it happen, including an individual who offered them more money than MSRP who was flatly turned down. He then asked to buy the GMT that I just purchased. I can understand the bitterness for those that have been waiting, but again, I can tell you that plenty of us are buying them from the dealers. It’s a privileged life for any of us interested in these time pieces for sure.

@Madeinlondon67 11 месяцев назад

Batman/Batgirl at £15,000 a few years old and it’s new at an AD for £9,000+ 😂 I know they are very hard to get from an AD but they are never Worth £6,000 over list.

@Madeinlondon67 11 месяцев назад

@@barchenko892 I wouldn’t

@-Jason-L 11 месяцев назад

They're worth what someone is willing to pay. Apparently plenty of people are more than willing to the high prices

@leebo8079 10 месяцев назад

Building relationships and trust with AD is how you get these watches and if you will ever only buy one , and think you can even consider market price, then try and get one. If you really want one them you’ll know grey market dictates this and it is this market that fluctuates. If you want one then just get one and don’t stress too much over the grey price, but if you’re investing it’s hard if you’re not a dealer and have the clients and trust with ADs

@Madeinlondon67 10 месяцев назад

@@leebo8079 Would you ever do the same when buying a new car. Sorry sir you can’t buy this Bentley unless you buy 3 bottom of the range VW polos 😂 years ago I had no history with any Rolex AD’s and within a space of 18 months I bought 3 stainless steel Daytonas 2 white and 1 black dial and a DeepSea Dweller all from Ernest Jones, Kings Rd Chelsea, Richmond High St London and the Bullring Birmingham and even got 10% discount as I had a shareholders discount card because I bought £20 worth of shares. I’m currently on 3 different waiting lists for a Batman GMT oyster and I think I will get one. I spoke to the AD a few weeks ago after I got in contact with Rolex direct who told me that I am on their list. He did say if I wanted a Rootbeer GMT it would be quicker. Did you know that the terms of being a Rolex AD is that they are not supposed to make you buy other items just to be able to buy a Rolex. I’ve got it writing from Rolex.

@Juanpasilver 10 месяцев назад

@@leebo8079 I would love to be able to build a relationship with AD, but how could you do that if they never sell you any new watch? NONE!! So, the only way I see is either you wait on a list (that takes years if you want a popular watch) and visit them every couple weeks showing up with stupid gifts, or you buy used stuff from them paying way above market price so you make your "brown nose reputation". Hell no, not for me at least...

@davidbrown9947 11 месяцев назад

The prices are low and dropping , unless you wanna buy them for the grey market, whilst the prices " are sky rocketing !!"

@scottroberts7141 11 месяцев назад

Who cares buy what you want simple. I have lost a load on a rootbeer beer as I could not get one off a greedy AD, so Instead had to buy off a greedy second hand dealer. It is what it is, under retail over retail just enjoy your watch and stop listening to ifs and buts.

@bobbydazzler8620 11 месяцев назад

Got to disagree with your price on the latest explorer 2 No one is paying £10k plus for it Loads for sale not selling Lucky to get rrp

@lovesautodetail 11 месяцев назад

I just bought one

@tomb3009 11 месяцев назад

@@lovesautodetail you likely just lost a grand

@lovesautodetail 11 месяцев назад

@@tomb3009I’m not selling it so I lost 12,500

@michaelelliothall1544 11 месяцев назад

I got offered one within a month

@pumaadidas 11 месяцев назад

there are numerous stories about gray dealers not taking certain Rolex models because they are holding so much stock why do Rolex ads have nothing to sell while the gray market is pretty full ?? it makes no sense

@dannysimenauer5745 11 месяцев назад

Rolex AD's do have stock of Rolex models, but they are still acting as if it is in limited supply like when Rolex shutdown factories for Covid. Th AD's are not putting Rolex in their showcases here in the Washington DC area, and still peddling the lack of supply issue. The grey market is not stocking as much Rolex like they did during the Pandemic. It became public on RU-vid that many Rolex AD's in the USA were selling direct to the grey market at higher profit margin (ie. over list price) recently. As the law of unexpected consequences goes, I found other outstanding brands to collect at affordable prices. The AD's in the United States are still showing empty showcases, which makes no sense at all.

@pumaadidas 11 месяцев назад

@@dannysimenauer5745 I have omega and Seiko wanted just one Rolex to complete a great trinity of watches not interested in Tudor,tag,breitling etc ap,pp,VC out of my price range rolex ads must have plenty of room in their vaults

@suzylawrence6 11 месяцев назад

The recent price correction still shows strong prices..pre covid Steel Daytona was 19K..Batman Pepsi 12K..If you bought at the top of the market those days are long gone..Nobody should be paying over RRP for a Datejust..thats why the Grey Market was in place to sell AD watches they couldnt shift like the DJ and Explorer range at 30% under list..

@rlsjunior797 9 месяцев назад

30 percent under list on DJ? That must have been a long time ago, grey market 10 years ago was maybe 12-15 percent off.

@tommytee8387 9 месяцев назад

You could get 15-20% discount from an AD on a Datejust back then.. I got my 16518 Daytona at 15% discount on a VAT free bank holiday weekend..

@jamesmayo9015 11 месяцев назад

Great vid. Now watch it regularly. Odd that the Explorer 2 black is still middle of the road. It's probably more rugged than the Sub and the best workhorse in Rolex's stable. I bought an E2 1655 in 1976 and it took a hell of a beating but served me well for 40 years. I changed it for a 216570 in 2019 but the old one was better! 42mm case is too big and heavy. Will sell for something smaller/40mm.

@thehonestwatchdealer 11 месяцев назад

Thank you for watching James, really appreciate it. Like you say, such a workhorse, definitely one that can stand the test of time. Great that it lasted a good 40 years, very impressive! 🙏

@hillarybriggs2561 11 месяцев назад

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them.

@thehonestwatchdealer 11 месяцев назад

Spot on here, a lot of people could benefit greatly if they taught it in schools. 👌

@user-hs7ps3egdkdkd 11 месяцев назад

@@thehonestwatchdealer schools indoctrinate. No teaching

@frederickkay4308 10 месяцев назад

@@thehonestwatchdealer I have just stumbled upon your channel as I have been trying to ask certain RU-vid channels a question but they seem to block me for asking. My question to yourself if you wouldn’t mind answering is please. If I was to buy a watch from yourself or any other dealer in the uk, could you guarantee it had the original insides it left the manufacturer with when sold originally?? I am only asking for a friend who is currently considering buying a watch for a significant amount of money. Now I’m just saying to my friend unless it was sent away back to the manufacturer to verify that surely?? Is that right in thinking??

@thehonestwatchdealer 9 месяцев назад

Hi mate, Yes so we carry out numerous checks on the watch and full set and ensure we only stock the genuine models. If you buy from a reputable dealer they will carry out these checks too. I hope this helps.@@frederickkay4308

@frederickkay4308 9 месяцев назад

Yes they may be genuine but are they all original inside is what I’m asking like they left factory and haven’t got later genuine insides in?? Would you send a rolex you are selling for over 10 grand to rolex to make sure it was the original insides?? I would hate spending 20 grand up to 100 grand on a watch not knowing if it was the original insides it left factory with. Surely that would effect the price?? Also do you send your watches back to the manufacturer to see if it is still original factory parts??

@streetmoney21 11 месяцев назад

While it’s great to see the prices come down no way should anyone pay over retail for a watch. You will loose you ass doing so. Prices will fall under retail in 2024. Resellers are sitting on a ton of watches they over paid for the lag effect with interest rates will kick in and money will dry up. The flippers will be going as they don’t want to get caught holder the bag on an expensive watch they can’t dump. If you can exercise some patience prices will continue to drop. The watch market is dead floating in a backyard pool face down 😂

@samuelburton5576 11 месяцев назад

Stupidity and wishful thinking. Keep hating on the watch market doomsday hater

@jamesenglish102 11 месяцев назад

Don't pay more ,I say Don't pay more 😂

@JP-me5zj 11 месяцев назад

Yup I know two friends who got offered pandas by their ad in the last two months, a few date just mint dials. Prices are settling and I love it because I purchase my watches to hold and keep. I have been able to add anything to my collection since the Covid highs.

@thehonestwatchdealer 11 месяцев назад

Ah thats great news! Hopefully things are going to become more attainable from the AD 👍

@Soulheads-yy3zq 11 месяцев назад

Let’s take a minute moment to spare a thought for those who bought from the grey market dealer well over retail.

@vegasprogambler5336 11 месяцев назад

no, let's take a minute to laugh at them. people get what they deserve.

@Soulheads-yy3zq 11 месяцев назад

@@vegasprogambler5336 I understand your sentiment but … oh, I was gonna try ti say something nice but I can’t. I can understand people paying a bit over retail to get their watch… maybe 20percent over retail but I honestly don’t understand how someone could pay 100percent plus for an AP or Hype Rolex.

@wallpaper000 11 месяцев назад

worse still, buy at peak grey price, only to find out the watch is a replica.

@Soulheads-yy3zq 11 месяцев назад

@@wallpaper000 my AD told me about a woman who wore her Rolex for 16 years and took it in when she found out that watches needed to be serviced. She was heart broken to find out it was fake. The AD said that before it left her wrist he knew it was fake.

@olivergriffiths4445 11 месяцев назад

Must be incredible quality if it lasted 16 years without a service. I know of lots of people who have had to service their Rolex in half that time.

@SC-it3kd 11 месяцев назад

Got offered gold sky dweller on oyster and oyster flex straps from an AD today. I passed but great time to pick up the watches you’ve wanted for ages. They only go down if you sell them and I personally buy watches to wear

@thehonestwatchdealer 11 месяцев назад

That’s the best way to go about it! Buy what you love 👌🏻

@RocketDog73 11 месяцев назад

A submariner on oyster-flex would be mint. It’s a shame that Rolex have not made it happen yet.

@The_Bermuda_Nonagon 11 месяцев назад

Can you just purchase an extra band from Rolex and roll one yourself ?

@thehonestwatchdealer 11 месяцев назад

That would be an interesting combination! 👌🏻

@wristshotter7832 11 месяцев назад

RubberB - I stuck a black one on my 126613LN (Black Steel & Gold sub) totally transformed it.

@Fashiongadget 11 месяцев назад

Got the new Tudor Black Bay with the red bezel on the rubber strap. Amazing watch for a third of the price of the Sub. Value is incredible with the new movement.

@Bisley1 11 месяцев назад

@@wristshotter7832sounds like an amazing combo 👍🏻

@verynormalman 11 месяцев назад

Get the impression that these dealers are desperate to get rid of their stock before they are dragged into insolvency. The world is sprinting into a recession, and Rolex are going to increase production to over 2 million in 2025, and Rolex have started playing silly buggers with other sought after models, and they have increased retail prices and taken control of the secondhand market. Result: buying a Rolex now is just crazy.

@Peltwerk 11 месяцев назад

I didn't much like that Daytona before. But the changes they made to the bezel I really don't like. Personally, I consider the Zenith El Primero Sport before to be a copy. Now I consider it to be the better design.

@thehonestwatchdealer 11 месяцев назад

Ah very nice model that one 👌🏻

@thechilliman1602 11 месяцев назад

Brilliant vid Charlie great information on how the watch market is going I'm liking the oyster flex more and more Jubilee still on top

@thehonestwatchdealer 11 месяцев назад

Thank you mate really appreciate it! Ah yes the OysterFlex will take the lead in no time I’m sure 😉

@79belez 11 месяцев назад

That Ghost is a thing of beauty

@thehonestwatchdealer 11 месяцев назад

One of the most stunning models isn't it 👌

@dresstiez5474 11 месяцев назад

Great video Charlie! Love the content! What do you think of the recently discontinued Daytona Meteorite Oysterflex WG and also the Daytona John Mayer?

@thehonestwatchdealer 11 месяцев назад

Thank you mate, really appreciate it! Both Stunning watches and should be good ones to hold long term 👌

@russellis6993 11 месяцев назад

flippers and grey dealers getting burnt .. love to see it

@AncientAviator 11 месяцев назад

Thanks so much Charlie...yet another SUPERB review of the current Rolex market. You sir are a credit to the watch collector community!!

@thehonestwatchdealer 11 месяцев назад

Thank you mate I really appreciate that! Thanks for watching 🙏

@NP-yi5vk 11 месяцев назад

I don’t really see a big demand for ghost in US. There are few websites where these watches are sitting for months. I was looking for one and asking around every dealer was dropping their prices to sell. I personally do not like it but settled on a day date below rrp. Great content and lovely watches. Also seem like your are genuine about prices and what market is doing

@thehonestwatchdealer 11 месяцев назад

Thank you mate really appreciate that! Yes there are different markets throughout the world, the Ghost is very popular over here 👌🏻

@yonchrr 11 месяцев назад

Americans have shite taste.

@IridiumZero 11 месяцев назад

It's just a bizarre purchase for what would be the equivalent of $40k. Who wouldn't just get an AP?

@NP-yi5vk 11 месяцев назад

Everyone has different tastes for me AP is not something I like

@alecleamus3280 11 месяцев назад

The last new Rolex I bought was at 16% below list, from Iconic Watches. I’ve been biding my time, until I buy my next new Rolex at 10% below list as a minimum, for a stainless steel sports model. Anyone who pays over list is dumb. People need to wise up and smell the coffee. Rolex are nice watches, but are worth nothing over list. Believe me, in the future, people will look back in incredulity at how much people were conned into paying for a mass produced watch, especially at the height of the madness. In 2015, I bought a used, and completely mint 16610 Sub Date, full set, for £3750! The seller, could barely move his watches, and his watches were higher priced than most, because they were all full sets In remarkable condition. I bought it from The Swiss Watch Trader in Portsmouth, just for clarity.

@eerr1438 11 месяцев назад

These fellas know what’s coming. Come the new year they’ll be rrp or below

@dannysimenauer5745 11 месяцев назад

Fully agree with your perspective! The AD's don't put Rolex in their showcases, but act as if this is a rare watch. With a little patience, the pendulum will swing back hard into the collector's favor.

@ArvindSingh-hf2zd 11 месяцев назад

How is market for Sky Dweller White Gold/Black Dial with Oysterflex ? RRP still good deal from AD?

@thehonestwatchdealer 11 месяцев назад

Unfortunately this one is quite underlist at the moment, same with the other Sky-Dweller OysterFlex models 👍

@davidbrown9947 11 месяцев назад

No point in growing to they grey market, err why? I have never waited more than 9 months , even for the most desirable pieces??!!

@followyourpassion8378 11 месяцев назад

Couple of notes: Great value for money? A mass produced steel watch for 8000 quid rrp? Think about it. Normal looks like this btw: - Steel sports (except Daytona): rrp-10% - tt: rrp-20% - pm: rrp-25%

@kirknorris9873 11 месяцев назад

Cant wait to see the comparison of the new Daytona's. I had been wondering when they would hit the market. Looking forward to it! Thank you sir!

@thehonestwatchdealer 11 месяцев назад

Hopefully should start hitting the market soon, would make a great video 👌

@AK-ic8lz 11 месяцев назад

Please share your views about the Sea Dweller 43 red line 50th aniversary.

@thehonestwatchdealer 11 месяцев назад

Stunning model mate, I'll see what I can do 👌

@eudesruct 11 месяцев назад

Rolex is a 3rd tier watch. Great watches for people who have lots of cash but very little understanding of watches.

@anthonygray7012 10 месяцев назад

Mmmm... not sure if i like the new Daytona range, the subdials are a bit small. The two tone black diamond dial is a bit naff compared to the discontinued model. Look like matt gold colour sub dials that don't pop.

@thehonestwatchdealer 10 месяцев назад

Ah yes there are some very subtle changes. Maybe they will grow on you eventually 👌🏻

@OS993 11 месяцев назад

The dirty money is slowly being rinsed out of the watch market

@Weakeyedominant 11 месяцев назад

More like free money. Zero % interest rates, bounce back loans, furlow payments and 50k hand outs to small businesses inflated asset prices to insane amounts especially luxury watches and bitcoin. Now interest rates are 5.5% and liquidity has left the market there is no reason the secondary prices should be at 2018 levels never mind 2020. Give it another 12 months when more and more people have had to refinance their homes loans and we really will see how low Rolex prices will go.

@ronniepark2791 11 месяцев назад

Superb quality and content Charlie and the Team. Now my go to channel for up to date market info 👏🏻👏🏻👏🏻

@thehonestwatchdealer 11 месяцев назад

Thank you Ronnie really appreciate that! So glad you like the channel 🙏

@graemebrook614 11 месяцев назад

Great video as per, after a quick bit of advice. I bought a bluesy from the AD back in August, what would be the best ladies model to request this time around, from a not losing mega amounts of money perspective? Thanks in advance.

@thehonestwatchdealer 11 месяцев назад

Thank you mate, really appreciate it! Try and go for a fluted/jubilee, MOP or Pink dials are great ones to go for 👌

@Roai-gf3dx 10 месяцев назад

Is Daytona Paul Newman popular? Which is more popular: Geumtong or Oysterplex?

@thehonestwatchdealer 10 месяцев назад

The Paul Newman is an incredibly popular model, yes 👌🏻

@benlee8697 11 месяцев назад

Bought a 126610LV a few months back, traded my LN plus cash… I thought it was the more unique nicer watch to have but what do people think, move back to classic LN or keep LV? I would have lost a few grand in the process but more in it just for a watch to enjoy and hopefully get majority of money back if ever needed to sell in future

@thehonestwatchdealer 11 месяцев назад

Nice choice, definitely stick with which you are going to wear and enjoy the most 👌

@Luchik44 11 месяцев назад

Hi @thehonestwatchdealer, at 7:35 you mention that watches like Daytona Paul Newman aren't popular, but then you mention at 10:00 that Daytona's yellow gold and rose gold are by far the most popular. How do you mean? What would be a reasonable price for a yellow gold Paul Newman Cosmograph Daytona? I'm thinking of selling mine (quite scratched up, no papers or box). Bucherer first offered to buy it for $34k but then dropped the price to $32k after I inquired 6 months later (this year).

@thehonestwatchdealer 11 месяцев назад

Yes so best to avoid the full precious metal versions. They ones that are popular and good buys are those on the OysterFlex 👍 Very hard to say without seeing the condition and knowing a few other details, and without papers would likely get quite a bit less than the market value I’m afraid

@stuartkennedy4570 10 месяцев назад

Not here in the USA. No stock and nothing near RRP. Used sub mariners $15,000 plus.

@thehonestwatchdealer 10 месяцев назад

Ah yes everywhere has their own Markets, hopefully they will become more available to you soon 🙏

@ronaldJ262 11 месяцев назад

Very informative as always Charlie my man I would be interested to hear your thoughts on how you think the Rolex Certified Pre-Owned programme will effect used values, do you think once it is fully rolled out we will see used values shored up in any way or will the downwards trend continue ?

@thehonestwatchdealer 11 месяцев назад

Thank you Ronald, appreciate that, thank you for watching once again! Definitely something I could look into for future content, will be interesting to see what happens once it rolls out 👌

@ronaldJ262 11 месяцев назад

@@thehonestwatchdealer I think that would make a great video Charlie, I've heard various people speculating on this with differing opinions but I'd love to hear your take on it. Your channel has now become THE authority on the state of the UK watch market 👍

@thehonestwatchdealer 11 месяцев назад

@@ronaldJ262 Ah thank you mate, really means a lot! Really appreciate it 🙏

@bigpops74 9 месяцев назад

When I got into watches, a SS Sub date, 16610 was under £3K, and there was no waiting, they were just in the shop. I couldn't afford one then, I'll never get one now.

@thehonestwatchdealer 9 месяцев назад

Yes unfortunately the AD games have gotten much worse since those days, hopefully you’ll get one some day mate 🙏

@user-eb3pi4tv9k 11 месяцев назад

Prices for everything are tanking…in fact you can’t get a bid for a lot of gear now. Full on recession coming down the pipe.

@andrefontaine3058 11 месяцев назад

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields

@kapitankapow 11 месяцев назад

oh i put my rolex daytona black dial ,order in the ad back in April, i wonder if i get the call

@thehonestwatchdealer 11 месяцев назад

Hopefully you get the call soon mate - great choice 👌

@miamigt4922 11 месяцев назад

Thanks for the great insight to the Rolex market. I have a Panda Daytona but am hoping the Everose Oysterflex Meteorite prices drop down to Earth to make a trade.

@thehonestwatchdealer 11 месяцев назад

You are welcome and thank you for watching! Would be fantastic if you manage to get your hands on the Meteorite Oysterflex, such a stunning watch 👌

@adamton7274 11 месяцев назад

How about the new GMT-Master II released at Watch and Wonders are those available on gray and relative to msrp?

@thehonestwatchdealer 11 месяцев назад

Thank you for watching mate, still slightly above list this ones to buy - stunning model 👌

@BluePhiYouKnow 11 месяцев назад

These are great! Look forward to this each month. Would love to see a video on the difference between European vs US markets.

@thehonestwatchdealer 11 месяцев назад

Thank you mate glad you enjoy them! That would make an interesting video 👌

@TimG-- 11 месяцев назад

DROP DROP DROP......still more to go

@davidbrown7218 11 месяцев назад

What are your thoughts on purchasing a 116520 white-dial anytime soon? I keep saying it's a good time to buy but prices keep going lower....

@thehonestwatchdealer 11 месяцев назад

Very hard to say! Definitely a buyers market at the moment, hard to say where they will stabilise currently 👍

@anthonyserrano9029 11 месяцев назад

Great to hear nice information about rolex watches from you. Very on point with necessary data for the public. Thank you guy's.

@thehonestwatchdealer 11 месяцев назад

Thank you Anthony, so glad you liked the video 🙏

@dsvillalva 11 месяцев назад

Great video Charlie! Sounds like you’re not a fan of the new Pikachu missing the black markers. I’m trying to see if my AD will come through for me on the new Pikachu. I won’t pass it up if ever offered, but I must admit I love your Pikachu with the black markers.

@thehonestwatchdealer 11 месяцев назад

Thank you mate! Hopefully you get offered the new one soon, fingers crossed for you 🤞

@adrianward7888 11 месяцев назад

Better value at the AD

@cookingwithwatches 11 месяцев назад

Great review as always. Thanks a lot! I am still waiting for Picachu to hit retail price on the grey market. What do you think of OP with celebration dial? Is a good time to buy?

@thehonestwatchdealer 11 месяцев назад

Thank you mate really appreciate it it! Prices have come down and stabilised, could be a good time to pull the trigger!

@paullivermore3163 11 месяцев назад

It’s never a good time to pay £20,000 over retail they still can’t move the Tiffany dial keep your money.

@gargamelesp 11 месяцев назад

good to wait, the pikachu will be readily available in ADs in about 3 weeks time. celebration dial is perfect timing to buy now!

@bryanquevedo5519 11 месяцев назад

When you talk about prices, can you do the USD conversion aswell? That would be greattttt

@thehonestwatchdealer 11 месяцев назад

Hi Bryan thank you for watching, going to look into this and get it sorted 👍

@TruthTeller00 11 месяцев назад

Hey Charlie, love your videos mate. Any chance we could find out how much you buy each watch for (not just what you’re selling for)? I know you’ll understand as a man of honesty and integrity. Cheers. 🍻

@thehonestwatchdealer 11 месяцев назад

Thank you mate, appreciate that! I will see what I can do 🙌

@andrewbrown5636 11 месяцев назад

Most I could get for my mint green DJ 41 smooth bezel Jubilee was £8k ..and it took a few weeks

@thehonestwatchdealer 11 месяцев назад

Unfortunately the mint has come down a bit since release, at least it sold in the end 👍

@Pulse767 11 месяцев назад

Will you carry the 1908 or is it too different from other rolexes for you to hold it?

@thehonestwatchdealer 11 месяцев назад

Would be one we look to get in if we come across any, very nice watch! 👌

@johnrudzinski3217 11 месяцев назад

I don’t know where the bargains are but here in Australia they seem still extremely expensive with the currency conversion they are almost double to what is retail here.

@nasty9 11 месяцев назад

Yeah I’m from Sydney myself and almost everything is way above market value, like I was talking to a grey market dealer in Sydney CBD about a Rolex 14060M which his asking price was $18,500!! For a 2012 Rolex that is insane! He has dropped the price down to $16,500 for me because I am new to the market but idk its still very high for me

@smr32061 11 месяцев назад

In Canada, in the Secondary Market, a new GMT Master ii is double retail or more depending on which GMT you want.

@garyuk761 11 месяцев назад

Another's great video.. let's hope the ghost and panda stay strong.. personally I don't like the new panda so much, and the change to the ghost is not enough to make a difference in my opinion

@thehonestwatchdealer 11 месяцев назад

Thank you Gary, appreciate it! Thank fully the change on the Ghost is very subtle 👌

@dhunter1133 7 месяцев назад

I had the opportunity back in 2016 to purchase a platinum Daytona for $35K USD or a Batman at MSRP and stupidly walked away from both because I had no idea that either was as rarely available as it was. I was like, "Oh, those are nice; I'll think about it." /facepalm.

@thehonestwatchdealer 7 месяцев назад

Ah Nevermind, you can’t win them all! Hopefully you will get the opportunity again some day! 🙌

@leebo8079 10 месяцев назад

Daytonas still strong and new ones will push the others up for the collectors. It will be a long time before you’ll get your hands on a new model Daytona or you will have to pay obscene grey money.

@thehonestwatchdealer 10 месяцев назад

Would be good if it plays out like that 👌🏻 the new models are just starting to hit the market now so we will see what happens 👍

@sergiogarcia9822 10 месяцев назад

I just got an oysterflex rose gold chocolate dial skydweler offered to me a week ago and I passed, I actually want to get a white gold day date which is a “bad buy” but that is what I want.

@thehonestwatchdealer 10 месяцев назад

Go for what you love and you can’t go wrong 👌🏻

@Sean272727 10 месяцев назад

how does it work when shipping to the US from your website ? what types of fees are added?

@thehonestwatchdealer 10 месяцев назад

Thank you for the enquiry, feel free to contact us through the website and we can discuss your options. Www.theluxurywatchcompany.com

@WatchReporter 11 месяцев назад

rowleks ad finally called! What is best watch to buy and flip to timepiece getnleman to consign and sell for big $$ ??

@david05111 10 месяцев назад

Its not coincidence that the higher-end stuff is failing to sell. When something like a Platona retails for ~71k euro, its no wonder buyers are balking when you're listing a "used" one for 100-120k GBP. Like get real. I know that there was a spike in there where people with more money than sense just had to have one and they were hard to come by, but wealthy people didn't become wealthy by spending frivolously. Reduce the cost of those used ones down close to their retail prices, and I bet you'll get some sales. But hovering over 100k GBP for them is just asking for people to keep walking away.

@florianvoigtlander2046 10 месяцев назад

I like your channel very much. Would it be possible for you, to add timestamps to your videos? It would be so helpful. Thanks alot!

@thehonestwatchdealer 10 месяцев назад

Thank you mate appreciate that - such a great idea, I will see what I can do! 🙏

@stephenn88 11 месяцев назад

The two tones GMT Looks amazing

@thehonestwatchdealer 11 месяцев назад

Incredible models aren’t they 🙌

@karthikkuhanesan7620 11 месяцев назад

Hi Bro, now what's going to be interesting is 116500LN vs. 126500LN. They are so similar yet different. Please share your views on the market sentiments and price fluctuations between these 2 models. Will the 116500LN take a dive after the 126500LN is out for sale in the market?

@thehonestwatchdealer 11 месяцев назад

Will be very interesting to see indeed! I will see what I can do and try and cover it 👌

@karthikkuhanesan7620 11 месяцев назад

@thehonestwatchdealer Thank you

@Ariel.Fortele 11 месяцев назад

The secondary gray watch market is dead in a backyard swimming pool floating face down ..

@thaheretic69 11 месяцев назад

DROPPING DROP DROP DROPPING 👎🏾👎🏾👎🏾👎🏾

@damirbajic4579 10 месяцев назад

Great. I will get a supeclone Daytona to go with my original Sub.

@davidbrown9947 11 месяцев назад

Bluesy are not hitting the market, I bought one a year ago to the day, from my AD. I jnow of about ten colleagues and friends, with mad spend history, think 40-100 k in two years. They have been told 18 months at least!!??

@thehonestwatchdealer 11 месяцев назад

That’s a really long wait for a Bluesy with that spend! Hopefully they get the call soon 🤞

@davidbrown9947 11 месяцев назад

You may be correct, it is what it is. I/they are in London, where I assume the demand is appeciably higher than elsewhere in the UK? Remember tou said not a month ago the bluesy was hugely in demand , and difficult to get hod off?@@thehonestwatchdealer

@ronaldJ262 11 месяцев назад

40-100k in what currency, rupees ?

@scottmorrison147 8 месяцев назад

I'll just keep rocking my solid gold '60's Precision.

@thehonestwatchdealer 8 месяцев назад

Very nice! Enjoy it mate 👌🏻

@dinamiena6186 10 месяцев назад

I think Starbucks holding strong as it’s hard to get ! What you think ?

@thehonestwatchdealer 10 месяцев назад

You are right there 👌🏻

@hlash99 11 месяцев назад

Great video. How’s the market on the meteorite BLRO?

@thehonestwatchdealer 11 месяцев назад

Still a good model to go for if you get the call 👍

@jeffreybotnick6098 11 месяцев назад

Any news that the Pepsi is discontinued?

@thehonestwatchdealer 11 месяцев назад

Nothing official as of yet! 👍

@colincelso9428 11 месяцев назад

I completely understand why you are encouraging everyone to go grey for full gold pieces as a grey dealer. IMHO if you spend a couple of grand under list with a grey dealer you get a watch and save 2k. If you spend rrp at an AD you get opened up to more pieces. Depends if you want one watch or the possibility of more doors opening. I know my choice.

@thehonestwatchdealer 11 месяцев назад

Yes very true, getting one from the AD and taking a bit of a hit will definitely open the doors to the other more popular models 👌

@rezasoheil 10 месяцев назад

So is the price of Batman and Two ton GMT is same now?

@thehonestwatchdealer 10 месяцев назад

Bi-Metal still a touch higher currently 👍

@GOLDshred 11 месяцев назад

The old daytona references will likely go up in price, as customers will see that the prices of the new references will absolutely sky-rocket...

@thehonestwatchdealer 11 месяцев назад

Will be very interesting to see what happens! 👌🏻

@Bisley1 11 месяцев назад

8:40 telling folks to go straight to the gray market for GMTs “because the market is dead” but still asking higher prices than retail😂 these gray dealers are just afraid that they’ll lose on their stock when prices drop more and watches from the AD become more availble and people will just sign up and wait a few months to get them at retail

@pumaadidas 11 месяцев назад

dr no bond wore a sub on a nato that was a cool look personally i think rolex are missing a trick with natos omega have them galore

@lonewolfemcquade8133 11 месяцев назад

In Dr No it was actually a leather strap. The Nato showed up in Goldfinger when we see 👀 the famous wrist shot of Connery's Submariner

@thehonestwatchdealer 11 месяцев назад

Ah yes it would be great if they incorporated them at some point! 👍

@user-ic7iw7jd4p 11 месяцев назад

I have been offered a Sea dweller by the local AD for RRP. Is it a good purchase?

@thehonestwatchdealer 11 месяцев назад

Is this is the 50th Anniversary addition yes this is a good one to go for 👌🏻

@manojchellani5007 11 месяцев назад

This is going to be my 1st Rolex. I was hoping to go for the bluzy which looks a little more fancy. Should I wait out for the bluzy or go for the 50 anniversary sea dweller? Pls advice. Thanking you in anticipation!

@megane230f1 11 месяцев назад

I never bought a rolex in 2015 for making money from i bought it as i liked it, plus then the shit you got to deal with now getting a rolex didnt exist

@thehonestwatchdealer 11 месяцев назад

That’s the best way to go about it! Different times back then 👍

@isabellamacaione7687 11 месяцев назад

I love the gold skydweller. I have the gold/steel black face. One day I’ll upgrade hopefully 🤞

@thehonestwatchdealer 11 месяцев назад

Such an incredible model isn’t it, as is the one you own though! 👌🏻

@isabellamacaione7687 11 месяцев назад

@@thehonestwatchdealer thanks 🙏 and thanks for the great content and advice, such a great channel 👍

@thehonestwatchdealer 11 месяцев назад

@@isabellamacaione7687 Thank you I really appreciate that! Really pleased to hear you like the content 🙏

@simpleas1231 11 месяцев назад

How much are you buying the DJ41 blue fluted jubilee 2023 new unworn for?

@tomb3009 11 месяцев назад

Couple of £100 over retail at best

@thehonestwatchdealer 11 месяцев назад

Yes great watch, should be slightly over list this one 👍

@robbiedazzler6358 11 месяцев назад

New Daytona steel are going to start of in the 30s-40! Look at the new yachtmaster very few ppl have seen one yet and it retails on grey for 40k, with fewer ads and they only get couple of Daytonas per year anyway that will keep grey high for a year or two, also I personally prefer the 116500 over the new ones so I think Daytonas will go down to say 20 and stay there b4 going up again, models like Newman yellow without the red will keep prices of those high, your average Joe steel will come down a bit and ppl are coming away from rose and yellow with the hype that surrounds them being targeted especially in uk. So buyers market in the next year!! Soon is the time to get the old Daytona b4 it goes up again

@thehonestwatchdealer 11 месяцев назад

Very interesting insight and could very well play out like that! Will be interesting to see what happens when more hit the market 👍

@Melontheyoutuber 11 месяцев назад

Not reading that wall of text but anyone paying $40K for a steel Daytona is 100% short bus material

@soryapum7932 11 месяцев назад

Thank you for the transparency and the market analysis.

@thehonestwatchdealer 11 месяцев назад

You are very welcome mate! Thanks for watching 👌🏻

@peterlewis3540 10 месяцев назад

Still the best buy, or long term investment pieces, are the steel Submariners. They have always been the hot ticket, and will always retain their value. The Hulk. Kermit, and current steel Submariners , will always be the wise choice, for either your first Rolex, or for a long term investment When most of the current Rolex range, have lost some of their initial high prices, the steel Submariners are still strong money.

@thehonestwatchdealer 10 месяцев назад

Absolutely spot on here 👌

@frankiefourfingers6717 11 месяцев назад

For the first time in three years I went into Rolex and was offered a steel and gold submariner straight away

@thehonestwatchdealer 11 месяцев назад

Very nice! Great watch 👌🏻

@jamesritterjr 11 месяцев назад

What are your current feeling about the blusey?

@thehonestwatchdealer 11 месяцев назад

Incredible watch and will always be one of the sought after classics 👌

@matrix4you2see 11 месяцев назад

What do you think a 126300 Azzaro fluted jubilee is marketing at...?

@thehonestwatchdealer 11 месяцев назад

Should still be an overlist watch if you are looking to sell, very stunning watch 👌

@matrix4you2see 11 месяцев назад

@@thehonestwatchdealer it's a 23 model box & papers but you haven't given me any numbers..

@thehonestwatchdealer 11 месяцев назад

@@matrix4you2see If you contact us through the website below, we will be able to give you a valuation 👍 www.theluxurywatchcompany.com

@Veagle1319 11 месяцев назад

What do you think about the Rootbeer? Supposedly discontinued after October?

@thehonestwatchdealer 11 месяцев назад

Stunning watch 👌🏻 Will be interesting to see what happens…

@ronaldJ262 11 месяцев назад

Source ?

@HS-ed3dz 11 месяцев назад

@@ronaldJ262 The source is his ass! No one knows what Rolex will discontinue or introduce, not even ADs

@kevinashton709 11 месяцев назад

Very informative as always Charlie 👍

@thehonestwatchdealer 11 месяцев назад

Thank you for watching Kevin, glad you liked it! 🙏

@vincet6730 11 месяцев назад

Those watches are definitely NOT dead. Dead are botj the flippers and the watches market.

@DarrylAHL 11 месяцев назад

Old ghost daytona will drop in price as the newer one looks nicer.

@thehonestwatchdealer 11 месяцев назад

Will be interesting to see what happens when more become available 👍

@ronj2508 11 месяцев назад

6 weeks for a call on a polar explorer 2, market is changing boys

@thehonestwatchdealer 11 месяцев назад

Thats not too long at all! Congratulations 🤩

@michaelsr1805 11 месяцев назад

Such great content, Charlie.

@thehonestwatchdealer 11 месяцев назад

Thank you mate really appreciate it 🙏

@aussie8114 11 месяцев назад

My Casio Duro seems to be holding its value very well 🤑

@thehonestwatchdealer 11 месяцев назад

😊🙌

@apoand28 11 месяцев назад

Hey Charlie! Offered a sky dweller 336935 blue/green the new model! You recommend on buying ?? 50.000€

@thehonestwatchdealer 11 месяцев назад

Such a stunning watch! Prices have come down since the initial hype so might be slow for a quick flip, would be a great long term hold though 👌🏻

@apoand28 11 месяцев назад

@@thehonestwatchdealer not seeking for selling only for wearing and my personal collection!

@thehonestwatchdealer 11 месяцев назад

@@apoand28 stunning model for that 👌🏻 enjoy it!

@greatjaygatsby 11 месяцев назад

3:22 i like how you pronounce it "buttman" instead of ˈbatmən? Because that's what it is ... a buttman's watch🤣

@thehonestwatchdealer 11 месяцев назад

Haha that will be my thick Yorkshire accent! 🤣

@davidvose2475 11 месяцев назад

The volatility of these prices makes "investing" in watches above MRP seem a pretty foolish idea. If Rolex ramp up production, second-hand watches should surely fall below MRP. With prospectors out of the equation, watch lovers will be back in the game - as it should be.