Rolex Are Offering A DISCOUNT In June 2024?! - Watch Dealers’ Honest Market Update
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- เผยแพร่เมื่อ 25 พ.ย. 2024
- In this video, I dive deep into the Rolex market to uncover which models are currently oversaturated and which are actually selling. I also discuss a surprising development - which Rolex models are being offered at a discount this June 2024.
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Charlie (THWD)
Any price above retail is not a discount. A discount is getting it below retail. The most I'm willing to pay is retail. I don't care about depreciation from retail.
Not sure who said any price above retail is a discount
@@_Bnr_ No one said that. What I'm saying is grey dealers are dropping the price and presenting it like you're getting a discount. No matter how good a price a grey dealer claims to get you, it's only a discount if it's under retail.
@@cjack202003 You're right
Same
Charles said ADs are offering discounts on the harder to sell watches. Watch it back.
Don’t pay more than retail. Ever.
During the Covid era I ignored this type of advice. Now using uncommon sense I fully agree with your POV.
Yeah unless it’s at retail, I’m all good. Rolex is not something people can’t live without lol Gray market should be cheaper than MSRP PERIOD!!
Do you have the same opinion on everything?
Games consoles?, Concert tickets?, Coke/beer at a hot outdoor gig?
@@wristopia4101 watches have a clear retail price. This is just racketeering. Rolex are mass-produced items - over 1,000,000 a year are produced. They aren’t hens teeth. There are plenty available.
Rolex AD’s are already discounting some models - wait until Q3 next year and they should all be readily available at a good discount, as they were pre pandemic.
@@bosco1603 Spot on
As long as flippers and grey market dealers loose money all will be good.
@AS-po9pm: loose money? you mean as opposed to tight money??
Something has changed at Rolex, you can get most watches now pretty easy from AD at retail.
It is a bit surprising to claim 2-3 steel GRNRs a day are being offered to LWC and yet only 10 or so have been available on Chrono for weeks? Where did all those watches go? Something doesn't add up.
Check again. I see 100+ listings for the 126710GRNR on Chrono
I’d bet those models on Chrono24 are to be sourced not in hand tbf
@@CommonSenseBodybuilding Around half a dozen or so have pictures/ are from known dealers. The others are not. None of it makes any sense to me!
Many of these "sellers" are just posting some pictures, they don't stock those watches, once you place the order, they can source the watch within 24 hours, Im in some groups
@@adriank2959 May very well be. But that only highlights my point of there being only a handful of examples available for sale on C24, all above £16.5K, and yet Charlie is claiming 3 sales enquiries a day. Something doesn't add up here?
I love when I hear « grey market dealers are taking a loss »
Why's that?
@@28Rolex28 they have made enough profit milking buyers through their connection with crooks AD, time for real watch enthusiasts to be able buy their watch at retail price directly at ADs.
@@28Rolex28probably because they’re like lawyers (bloodsuckers)
I love your updates Charlie but as a female interested in buying a 36mm or 31 datejust, I wish you would do a video on the smaller datejust, lady datejust and daydate on the most popular sellers. Please!!!!
Thank you, I really appreciate that! I will see what I can do 👌
Rolex market is still fairly slow with the ADs. Picked up my Batman the other week after only waiting 2 months with my AD. Still hoping to get in the Panda Daytona this year from my AD.
Incredible mate! Fingers crossed the Panda comes through soon 👌🏻
My AD today said no more registration for the Panda…
A few years ago that GMT Master 2 would have hit the market at 30K USD easy. Nice to see people are coming to their senses!
Very true! Thanks for watching mate 🙏
Which ADs ar offerning a discount please? Thanks.
I have watch Disease - can't help myself. This is my favourite show with up-to-the-minute information about what's hot and what's not. Thank you - Love the show
Ah there could be worse things than the watch hobby out there!
Glad you like the show mate, really appreciate it! 👌🏻
I need a doctor too ❤
Thanks for Sunday update Charlie. Unfortunately I have an asshole Rolex AD where they try push their jewelry to even be considered for requested piece. Rolex are aware of the abuse or blackmail by certain Rolex ADs. Unfortunately they turn blind eye. I have 3 Rolex watches over the years. Rolex in my opinion have tarnished their brand by arrogant and ungrateful customer service in past 3+ years. So I have bought other brands from Omega, Breguet and Patek.
I am in the Washington DC, and the AD's are doing the same here. I stopped visiting the showrooms.
@@dannysimenauer5745 That’s why Rolex should be stand alone stores selling Tudor and Rolex only.🤔I’ve bought 2 Tudors and Date only Rolex that happened to be available for sale. Yet the Exhibition only Rolex has 30-40 watches at a time and I see certain pieces being rotated. I’m sure they have more inventory in the back too. I’ve asked for GMT II, Skydweller, Yachtmaster and Daytona either in Steel or precious metal. Now been almost 2 years and still nothing.
AD in Short hills Mall NJ treated me like a fool…that’s with $$$$ ready to buy.
I’ll take my business elsewhere, thanks.
@@alexandermatte9093 My prediction is that within a short timeframe (I can't predict a date), prices will normalize on the gray market where more Rolex watches will sell below RRP. The first sign of real normalization will be the Exhibition Only signs disappearing from more & more Rolex museums. The next sign will be premiums over list will keep dropping further until they eventually go below retail.
Rolex effectively promote the grey market through having to go through the stepping stone process to get the more desirable pieces. They know exactly what they are doing.
rolex increasing prices is saving the grey market dealers
Thank you very detailed and I love the ease of your videos. Great graphics to show what the market is doing. Your honest
Thanks so much mate, I really appreciate you saying! Glad to hear you’re enjoying the content 🙌🏻💯
how do you feel about the GMT BLRO Meteorite dial? Is it going to hold value moving forward if bought at today's market price? $54K US?
It’s hard to predict the future, however, currently it still trades above list price, although they’re proving a slow seller! You’d hope that the annual Rolex retail price increase would maintain that long term 🙌🏻
Rootbeer retails for the price of 245g gold. That's wonderful haha.
Have said it before. Your content is honest, up front, and straight to the point. Greetings from Naples, Florida. Too bad you are not in the States. No doubt you would be highly successful as you already are in the UK. My next watch will be purchased from you.
Thanks mate I really appreciate that!
So glad you enjoy the content, and hopefully we will be able to set up in the USA sometime!
@@thehonestwatchdealerplease give it consideration.
Any duty and taxes, now, make it difficult.
@@thomashelm6931 Absolutely, it is something we are considering for sure!
No AD gives a discount on rolex. They may sell you the undesirable watch, but not at a discount if they have other buyers lining up.
They do not have buyers lined up for PM watches . I am going to the AD on Monday for a platinum day date and I will come back to Charlie and all of you to tell you how much discount I will get!
@@r4ajy you be lucky if you even got a penny off!
@@r4ajywhat was your discount then?
Thanks Charlie. Another great one! Sincerely appreciated as always!
Thanks mate appreciate that, glad you liked this one! 👍
How is the Rolex YM Rolesium holding up? Finally got one a few weeks ago 😊
Really stunning model, congratulations on picking one up - enjoy it mate!🙌
Rolex raising prices are doing a great at reducing grey market margins.
Loving the 126518LN Charlie, not left the wrist and now the Sprite is jealous!
Great video full of facts, no BS unlike many others. Cheers Charlie. 👍
Thanks mate appreciate that!
So pleased you are still enjoying it! Cracking model isn’t it 👌🏻
@@thehonestwatchdealer Grail piece… cheers again Charlie. 👍
I love how you’re so straight talking in these videos Charlie, you’re the kind of guy I would do business with😊
I hear the previous model Paul Newman with the red hand has really started to go places ££££
Thanks mate, appreciate you saying that 🙌🏻
The old reference Newman is so unbelievably popular, such an iconic watch and many argue retains more character over the new reference 👍🏻
The submariner no date is very nice, looks similar to the original 14060M 4 liner dial.
It sure is! 👌🏻
Thanks for the update on the current market. Been eyeing the Blue and Black GMT Master II.
Me too, love it better than red. Already own a Sub, don’t really like Daytonas but Batgirl i totally dig
Such a stunning timepiece and still so incredibly sought after in the market, great choice mate 💯
Thanks for the update. I am also interested in popular dials for 31mm datejust models to get for my wife. Would appreciate some content on this. Thank you!
I’ll speak to the TH-cam team and see what we can do! A quick bit of advice here, however, our top seller is the Pink Baton dial and the unbelievable Azzurro Blue Floral Motif Diamond dial 🙌🏻💯
@@thehonestwatchdealer Thank you!! Looking forward to the video too!
@@kkim2557 No problem!
Great to see the Rolex market correcting
Lmao don’t believe whatever he says, he’s full of shite. You’re not going to get that Bruce Wayne watch anywhere near 18k . They’re all still going for over 19k easily
It sure is! Thanks for watching mate 🙏
@@Behemoth66They're being offered- but are they actually selling?
Great to see my tried and true 114060 is staying strong. Best daily wear watch! Great content as always Charlie!
Such an unbelievable daily, so versatile! Thanks for the support mate, it’s appreciated 👌🏻
Why would I pay over retail for anything. I want to pay below market or get it on sale.
the pikachu is such an amazing watch. shame it's so hard to find
Unbelievable configuration! Such high demand for it in the marketplace 🙌🏻
This was a strong Sunday offering, Charles. I can sleep now and dream about these amazing watches.
My compliments to you and yours.
Thanks mate appreciate that! Glad you liked it 👌🏻
Enjoyable video Charlie
Thanks mate, really appreciate the support 👍🏻
I have few watches in the past including Cartier Rolex datejust gold bezel also BLUE Z. I am holding my horses until the prices flattens. I went to Harrods they have quiet few collection of date just steel and gold at RETAIL prices. So guru mantra is to hold horses if not in rush
Absolutely that’s the best way to go about it! 👌🏻
You are eloquent, unique, informative and remain on point: there is no wasted time with chit-chat conversations. However, do add two apostrophes. Dealer's + North's for perfection.
Thank you Michael, I really appreciate that! Haha ok I will see what we can do 👍
Thanks for watching!
Great video!. How’s the Sprite doing?. You didn’t mention it. Thanks Charlie!
Thanks for watching mate! Still holding steady and a good one to go for 👌🏻
Another fantastic video beautiful watches keep up the good work and can't wait for the next one thanks again
Thanks Jay, really appreciate that, so glad you like the content mate! 🙏
Great update, what are you thoughts on Rolex Daytona Everose Gold Chocolate Dial Oysterflex 116515LN? I know it is discontinued, but I quite like the dial, how are they selling nowadays?
Thank you mate, appreciate that! Yes still an incredibly popular model and holding well. Great one to have in your collection if you can!
Great update, as aways! Charlie, what's your opinion of the James Cameron D-Blue? I actually prefer the previous 126660 version to the new one.
Thanks mate appreciate it!
It is a stunning watch yes, one of the best dials out there 👌🏻
My football friend who has a very impressive professional playing career beginning in 1988 waited 7 years for his Rolex Deep sea from the AD. I have been offered two watches in two years from AD’s I turned down both, as I purchased an unworn Rolex from the Grey market. Yes I paid over list, but excepted that as I was able to purchase what I wanted, when I wanted. No regrets. 🙏
This is a big trend we’re seeing in the market, clients are tired of playing the game and waiting on a promise! Congratulations on your acquisition mate, hope you’re wearing it and enjoying it 🙌🏻💯
Vintage GMT Rolex steel/gold as focus
Hey Charlie, great content as always, I’m a new subscriber to your channel, like it pretty much, I have a questions what was the reference for the hot green bezel submariner that you recommended??
From the beautiful Island of Puerto Rico
David
Hi David, thank you really appreciate that! So glad you enjoy the content and thank you for watching in Puerto Rico!
That one would be the ‘Starbucks’ - 126610LV
What do you think about the white dial stainless steel sky dweller ? Think its good to keep it or sell
An incredibly stunning watch and a fantastic buy if you’re going to wear it and enjoy it! However, we are currently offering below RRP for this model 👍🏻
@@thehonestwatchdealer appriciate the reply what are they actually selling for now ? I bought mime over a year ago for 19.5k lol I know they around 13k now ?
Was lucky to have got my Submariner No Date back in 2021 after my AD got me one after a 4 month wait.
Agree it’s the sweet spot in the Sub range - it’s a keeper for sure.
Congratulations on obtaining such a stunning timepiece! Hope you’re getting enjoyment out of it mate 🙌🏻
another great video!
Thanks for the support mate, it’s much appreciated 🙌🏻💯
Well in france they dont make me any discount in june,,in fact they just put me in wait list for an oyster perpetual 41mm in black,unfortunatly
Ah maybe they will start coming in France soon! 🤞
I want to buy a chocolate Rolex datejust 41 jubilee with flutted bazel or should I buy a Wimbledon also flutted bazel jubilee which one should I get for an investment?
Thanks for this video. Appreciate the market overview.
Glad you’re enjoying the content mate, thanks 🙌🏻💯
Hi , great content as usual and not short , I’d like to know your opinion on platinum day-date 40mm Roman dial , is it a above or below market watch and your thoughts on it generally.
Thanks mate, glad to hear you’re enjoying the content! 🙌🏻
Unbelievable timepiece, a really special combination. However, there’s not much demand for it in the current market, so dealers might be cautious about stocking! 👍🏻
@@thehonestwatchdealer
You’re welcome , in your opinion what would they be selling for ?
@@MoA-mz9zc They likely would be over list, if you shop around you should be able to get a good price.
@@thehonestwatchdealer
Thanks
Great video as usual Charlie! Just one Q…. Is C24 just a forum for aspirational asking prices? I ask as the Geordie boys with their deal of the weeks are well below C24 lowest prices. Tx bro.
C24 prices aren’t always an accurate representation of the market. Dealers often inflate the price to compensate for the selling fees 🙌🏻
Hey boss, i just got my first watch yesterday, a no-date sub from my AD. I was just curious on how i can check what production year the watch is?
Should be on the card?
The dealer should have wrote the date on the green warranty card mate 🙌🏻
@thehonestwatchdealer my mistake, i didn't know you go based off of the "purchased on" date. Cheers!
I’m glad i didn’t buy the Starbucks Sub. I chose the classic black date in 2020. I love it. 🎉
Such an incredible one, enjoy it mate!
Great news, time to save up for that Rolex! ⌚
I would love the buy the Bruce Wayne for Retail Price.
Best of luck! Hopefully you get the call 👌🏻
@@thehonestwatchdealer lol sounds like sarcasm…. All we need to do is not buy from you (gray dealers) stop paying overprice & it will sit on shelves again like it did 8 yrs ago
Rolex won't allow a discount. IF, a very big IF, it's true and Rolex find out, the retailer concerned will rightly be a ex-dealer.
They did before the pandemic but only on the precious metal, back in the old days easily get 5-10% off but not on your stainless steel.
Exactly!!! All this talk is complete BS. If not name the AD. Oh, they wont
@@samuelburton5576 You're posting this a lot in this comment section. Please read the comment right above yours. We're not talking about steel sport models. Prices for precious metal (gold and platinum) watches have been negotiable all the time before 2020.
Lol at ADs, selling at discount . Nonsense. Which ones please
I don't live in the UK, but a few months ago another TH-camr mentioned an AD discounting Omega.
@@dannysimenauer5745 what has Omega to do with rolex? Lol.
Not true buddy…..I got a 15% discount for a full yellow gold day date with champagne dial las5 week . UK northern dealer. To be fair premcovid the discount was 25%. We will get there again, don’t worry.
@@rudimussrodeln Okay, let me help you. David Brown was questioning if an AD would ever discount Rolex. A fair concern. Omega is the third largest Swiss brand using 2023 data as reported by Morgan Stanley. Omega never allows it's ADs to discount. My point is 60-90 days ago several Omega ADs in the UK did offer 30% discounts. Capisce?
@@dannysimenauer5745 Omega is miles away and out of comparison for the Rolex market. Even in the biggest watch hype in 2022 they kept selling their watches below retail price. Numbers of sale have nothing to say. That‘s like saying Toyota is comparable to Mercedes because they sell a lot of cars.
Gold Rolex or mix metal Rolex is now the sign of class!
Some of the comment on here are joke, this guy is says it how it is and I would buy from him again in a heartbeat, keep doing what your doing Carlsberg👍🏻
Thanks for the support mate, it’s much appreciated 👍🏻
Got tired of the AD nonsense. I hope prices continue to come down, but I bought aDJ41 mint green jubilee on grey market. With my trade in, I saved on taxes, only payed $2500 over compared to RRP, and dont have to wonder or stop by the a AD anymore. Such a relief.
Others say don't buy above RRP. Whatever.... good luck waiting and wishing.
There's a sucker born every minute
So many clients are tired of playing the games, like you mate! Get the watch when you want and enjoy it, you can’t go wrong 🙌🏻💯
Hello can you please do Audemars Piguet Royal Oak Rose Gold 26401ro pls I see so many different prices and not sure what's good price thanks
We will see what we can do! Thanks for watching 👍
thank you for educating us
i hope that one day, i get a rolex from you!
Glad you’re enjoying the content mate! We’d love to help you with your Rolex acquisition mate, just let us know when you’re ready to buy 🙌🏻
Nice to see a dealer not making tik toks faking inflated trades to try normalise prices
My AD’s been chasing me the last couple of weeks to buy a bi-metal root beer. Told me the first watch they had they had to offer to someone else but emailed me again 5 days later to say they had another one to offer me and was I interested
Ahh that’s interesting! Great that they got back in touch with you so quickly - did you take it?
I've worked out my next Rolex. The White Gold .. Oysterflex Sky Dweller.
That is going to be next.
🎉🎉🎉🎉😊
Best of luck mate! Enjoy it👍
@@thehonestwatchdealer I'll be seeing if you can find one for me when ready.
Probably be September time
@@douglaswilliams774 Look forward to hearing from you!
Of course they are offering discounts. Few are wanting to buy at these high prices when prices are falling and will continue to fall.
rootbeer is hilariously overpriced - the price increase on it over the years is just disgusting.
I wonder if Interest Free Credit will be an option on Rolex again someday?
It is effectively a discount off of list and was my entry into Rolex decades ago.
Is Finance something LWC has considered?
At LWC we offer V12 retail finance on some of our timepieces! If you go on our website there’s an easy to use finance calculator where you can see what you’ll pay before purchasing 🙌🏻
Great video update from a very honest watch dealer , thank you mate see you soon 💥💥👍🏻
Thanks mate hope you are well! See you soon 👌🏻
Rolex can keep the lot...I'd rather walk into Omega and walk out with what I want than get put on a waiting list.
Really enjoyed the video and have to congratulate you on keeping it interesting 👍
Really appreciate that mate, thank you 🙏
Rolex above retail with out discount is lol 😂
Thanks for the vid, I heard you mention that 'polemon watch' as your fav too, which model is that thanks
Glad you enjoyed the video mate! I currently wear the 18ct Yellow Gold 116518LN Oysterflex Daytona with the “Pikachu” dial! 🙌🏻
@@thehonestwatchdealer cheers for th ekid reply its a beaut for sure! any PEPSI's in stock? 😃
@@zamalek1235 No problem!
Yes we do have on listed on our website:
www.theluxurywatchcompany.com
I couldn't understand what was said about people being unwilling to buy the Bluesey for a profit. You mentioned a loss. Do you mean that although you sell it at a profit you offer sellers less than the AD's retail price?
Sorry for the confusion mate. We buy this timepiece at below Rolex retail price and advertise on our website at slightly above RRP 👍
@@thehonestwatchdealer Thanks for clarifying.
@@thehonestwatchdealer I have to say that I think these videos are very interesting, and to be taken seriously as you demonstrate your openness in pricing.
If anyone hears of a AD offering 36mm datejust or oysterperpetual at RRP pls do reply. ( or indeed if you do Charlie)
Discounts are back!!! You gotta love it. Great content
Where. Name the ADs please
Thanks mate appreciate it!
Yes fingers crossed 👌🏻
how mch would u pay for a new 2 tone wimbledon brand new with papaers etc
Stunning timepiece, however, we’re currently offering below RRP for that model mate 👍🏻
Stop it, raising the price above retail is never a discount😂😂
I’m subscribed. Even though it would take a team of horses and some miraculous pricing to make me pull the trigger on a Rolex, I appreciate the market updates from the front lines.
Thanks for Subscribing mate! Glad you enjoy the content 👌🏻
Thanks for the Market updates❤❤
Thank you mate appreciate that!
I'm confused... this is a video about discount prices in June? But released in July?
never buying a Rolex unless they're available and AT retail in the store. Currently, Rolex is gross, like a guy in an alleyway in a trench coat going "ay, I got watchessss."
Sketch.
watch market is crashing , I’m not buying nothing unless is below retail , period … I can wait , not in a hurry anywhere
Just buy it at retail. Stop buying from Grey Market.
Someone should file a Class Action suit against Rolex & their ADs all over the world. And grey market dealers should be shut down for buying watches in bulk directly from ADs, maybe a lawyer here might be able to say on what clause, maybe cheating along with the ADs. Grey market dealers should be allowed to sell only watches older than 5 years or something. Waiting since 3 years to get a watch at retail and none. But available at 30% markup with the same ADs.
Nice insight. Thanks
Hope you found the information useful mate, thanks for watching 🙌🏻
Bundeling? Discounts? I’ll take a discounted GMTII Rootbeer with my stainless steel Daytona. Thank you very much.
You never know! Maybe one day! 😆
@@thehonestwatchdealer I got the call for the Everose GMTII but they wouldn’t give a discount. It’s $42,300. I can get it grey for around $35k. They actually called me to ask if I was still interested in the Rootbeer. I figured I show my face so she remembers me when the thing arrives. Fitted the Everose but can’t afford to take a walk out of the door loss like that.
The Prices are low. They are going to get lower. Dealers have too much stock that they cannot sell.
Best ROLEX
👌
LOL. Fifty years ago you could walk into a Rolex dealer and buy any model immediately. They didn't cost much more than a Seiko.
Ah yes indeed, unfortunately I don’t think we will see those days again!
£1 in the early 70s would be worth circa £10 now… what’s your point?
I love it
Thanks mate!
Quiet sad really thay most Rolex customers who buy from AD's are people who buy a watch based on what other people want rather than themselves!
i dont recall u ever not wear your Pikachu for so long;)
I love the Rolex Der and No Der 😂
I wouldn't trust anything this guy says about the steel GRNR - they haven't been successful in getting a single piece despite offering £14K for one in a previous episode. There are only 11 available in the UK on C24 and they seem to have leveled off in the market at the £16-£17K mark after the initial hype.
Why???
I think he’s spot on 🤷🏻♂️
He said he had a lot of seller offering to sell (did he say 10?) and zero buyers asking to buy that models. It doesnt sound that marker is leveling off in equilibrium at all...
@@nikolastojanov8749 But ….. that’s exactly what he’s saying!
He’s been offered the watches, but he won’t pay what the flippers want 🤷🏻♂️!
Until he can buy at a reasonable price ( obviously to sell on at a profit ), he won’t buy! 🤷🏻♂️
I put another comment in which hasn’t come up 🤷🏻♂️
Charlie - do you see the Bruce Wayne becoming more available a year from now?
I would imagine so!
How is the discontinued M116515LN-002 Daytona oysterflex Everose chocolate dial selling?
Unbelievably stunning timepiece, still extremely popular in the current market! 🙌🏻
What about sea dwellers?
Great timepiece, the stainless steel combinations are still incredibly popular! However, in the current market they continue to creep towards RRP 🙌🏻
Oysterflex daytona ghost is a dream watch
Have it in stock with Sundust Dial.
Such a great model isn’t it 👌🏻
A discount for something you can’t get. No content?
I love watches but the most I have paid for one is the Apple Watch, because it does tons of things.
Excellent information as always!
Thanks mate appreciate that! 🙏
New Batman is a Keeper lol
Stunning model isn't it!
discount baby all the steel models!
That would be nice! haha