Rolex Discounting BIG Pieces - Discontinued Dial Price Trends - My Dream Watch - Honest Dealers Q&A
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- Is a damaged Rolex Daytona worth less after repair? Are ADs offering discounts in the current market? What is the average age of Rolex buyers? I also discuss market trends, including the prices of discontinued models. I cover all this and more in my Honest Watch Dealer's Q&A.
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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.
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Charlie (THWD)
Hey everyone,
Incredible news, my TH-cam videos are back!
They say that spreading the word makes a difference, and honestly, when you guys get involved, wonders happen. Thank you very much to each and every one of you who helped me with the recovery of my videos.
My heart sank when I saw the videos taken down, and I felt totally helpless. But today, I received an email from TH-cam clarifying that the false claims have been removed by their legal support, and I want to thank each of you.
I especially want to thank everyone who reached out and supported me during this tough time.
Thank you very much.
All the best,
Charlie
THWD
This happened to Hafiz Mehmood channel as well - sick!!
Good to hear that Charlie - all the best 👍
@thehonestwatchdealer Glad it's sorted mate. My business Insta got deleted 2 weeks ago, 20K followers, all gone and appeal was unsuccessful.
Do you have any ghost Daytona on oyster flex? Looking to trade my 2023 Jubilee blue dial Skydweller
Regarding the stickers question - in Canada at least, an AD isn’t allowed to have a watch leave the store with stickers on. They show you the fully-stickered watch, and then remove the stickers in front of you.
It was different in 2005 with my Sub and in 2015 with my Daytona, when I took the watches home and removed the stickers myself. When I got my Batgirl in 2021, the process had changed, as described.
It’s now policy across the globe for authorised dealers to remove all factory stickers, however, we see lots of examples of full or part factory stickers! This is usually the result of a historic relationship with a particular dealer 🙌🏻
If that was really what’s happening then how do these grey market dealer have full sticker watches…? Wake up. Rolex AD sell out the back door for a huge premium.
When Charlie drops these, it’s the sweet spot of my Sunday. I’m 1,000,000% pulling the trigger on this content.
Haha thanks so much for the support mate, it’s really appreciated 🙌🏻💯
Are you Charlie's dozier baby brother?
😂🤩
4:44 100% agree with that. Good watches are meant to be heirlooms not sold on. Both of mine are exactly for that purpose.
That’s definitely the best way to do it!
Thanks for watching Mark! 👍
The boom of watches is slowing down but returning to normal levels in a healthy way.
During these crazy times, I rediscovered the value of brands like Longines, Tissot, Mido, and Hamilton.
They have a more honest proposition.
If Rolex replaces the crystal on a watch the microscopic coronet at 6 o’clock has a sideways S at the bottom of the coronet. Denoting it’s a service crystal.
:O really? didnt know this ...
Neither I'm getting a Sea dweller crystal replaced right now. I hit that watch on everything. So thick
I wish Rolex would sell an oyster flex bracelet for the submariner.
That would be incredible wouldn’t it 👌🏻
Not really… I don’t know why you like this plastic so much … looks and feels cheap
@@BiografWien-zx6tfIt certainly does not ! You've clearly never owned a Rolex with the amazing Oyster Flex.
Eventually they will, it makes perfect sense for the sub to be on an oysterflex.
I have my old Seamaster 300 on the current versions rubber strap. For surfing it is superb & much easier to clean zinc sunblock from than from a bracelet.
Whilst most of the pieces spoken about on your channel are above my tier of watch ($15k+) , love the content and delivery of information you provide. Honest facts and professional insight from someone passionate, and always humbly prefacing / identifying any subjective opinions .
Thanks so much for the kind words mate, really appreciate it! So glad you enjoy the content and find it informative, that’s why we make it 🙌🏻💯
Love the fact that you daily the pikachu
It’s such a fantastic daily and lots of our clients agree! 🙌🏻
Interesting, I would always think the blue motif is more attractive than the normal blue dial based on videos. Guess i just havnt seen it in person then.
It's still an extremely attractive dial, however, the plain dial simply has a wider potential market. The busy nature of the motif can split buyers 🙌
It’s only a damn watch. Getting it serviced properly is a must.
Love the content my man BUT...please do not put the watch down on its crown/pushers :) use the other side...i was cringing at 9:38 when you put down that oyster daytona lol Thanks for the video
Hi love your reviews they are very insightful do you think the rolex explorer 224270 40mm from an AD is still a good purchase
Glad to hear you’re enjoying the content mate, appreciate it! We’re currently offering below list price for a 224270, however, it’s a stunning timepiece and a great daily option 🙌🏻💯
What do you think of A Lange & Sohne, JLC as a movement makes and how much better is the BP 50 fathoms is than the Sub?
Great content as usual. But it's about time you showed everyone what's pink and under the desk!
Thanks for the support, glad you're enjoying the content! And aha I knew I’d regret my fashion choice that day! 🤣🙌🏻 Great to have you at the boutique mate, please visit again anytime 👌🏻
Hi Charlie, lovely video as always and I think I have finally found the loupe I have been searching for, hope your one is 10X magnification.
My question is on vintage pieces, the Rolex 1803 seems underpriced and undervalued since they are the day date President.
They don't have the quickset adjustment, so which model actually had that feature later on?
They have a nice domed acrylic crystal and many various dial combinations and even factory set diamond dials.
There is a model 18038, is this the newer model or does the 8 at the end just specify its yellow gold?
Also, the 116610 LV 'Hulk' from 2010 to 2020 had three dial variations, I wonder which one will be the most sought after in years to come?
Hi mate, to answer your question the 1803 and 18038 are different models. The 18038 released in the late 1970s features the quickset feature that allows the date to be changed independently of the hour and minute hands. Additionally the 18238 released in the late 1980s features the double quickset feature, that allows both the day and date to be changed independently, so this reference is typically the more sought after of the three for that specific feature.
The 'Hulk' did indeed have three dial variations, there are even some that argue there were four! It's hard to say which will be most sought after, however, historically the first and last of a specific model are the most collectible.
Hope all this helps, thanks for your question and thanks for watching mate 🙌💯
Hi Charlie your information and watch collection are awesome,
One thing I suggest tell you when you tell about your watch thought images , Replace your images and AR 3D model it's give awesome experience to your viewer and client.
Thanks mate, the support is really appreciated! Interesting idea, I’ll speak to the team and see what we can do 🙌🏻
Question: I would love to get a GMT Master from my AD but I realise he will not easily offer this to me. Would it, instead, be wise to show (fake) interest in a Daytona/Daydate in order to be offered a GMT Master sooner? Or will an AD always offer Explorers/Datejusts as first purchase watches?
I’d say Daytona, no way. Also I f you show interest in Explorer or Date and then get the call for what you asked for (which you probably will) and then turn it down, you won’t get a GMT. If you ask for something and they call you, you go buy it, otherwise they don’t take you seriously. Sad truth but is what it is if you want a GMT. Or wait it out and see how the market continues to change.
To show serious intent it’s always a good idea to put your name down for the watch you want and then refuse other watches you’re offered! However, there’s no guarantee either way, you just have to hope you’re lucky enough to get that call sooner rather than later 🙌🏻
9:03 can I please confirm what you mean on this Charlie? Do you mean that the rubber strap is integral to the watch and cannot be removed or replaced? Or do you mean the rubber strap attaches to the watch in a different way to a steel bracelet?
Sorry for the confusion mate, I mean the straps are not interchangeable on the Oysterflex models and attach in a different way compared with the Oyster bracelet 🙌🏻
Bundling is against Rolex rules for their ADs, so I don't think we'll see that being done overtly. It'll be a nod and a wink type of thing.
The Deep Sea is my weekend Rolex. I wear the black dial though. When I get home Friday night, the Submariner goes in the winder and Saturday morning after my post gym shower, the Deep Sea come out until Sunday night before bed.
Love the Deep Sea for my weekend watch!
That’s fantastic mate, such a stunning model, you’re very fortunate to own it! Amazing to hear how much you clearly enjoy wearing your watches, that’s what it’s all about 🙌🏻💯
Thank you for the reply Charlie, it also brought it to my attention that I had not subscribed to your channel yet. No worries, I fixed that now @@thehonestwatchdealer.
Keep up the great work, I use your honest assessments of the market to determine my next move for a watch purchase, sir.
Great content, loved the info about the oyster straps, as well interesting to hear you talk about Patek and AP.
Glad to hear you're enjoying the content mate and find it informative, that's why we make it! Appreciate the support! 🙌
12:45 Agree that watches should be worn. My local AD gives watches fully stickered but I wear them with the stickers for as long as I can because I get annoyed at the hairline scratches 😂. I know it’s inevitable but I try to preserve them and look after them as much as possible whilst they’re on my wrist. I picked up a GMT Master II whilst walking past the AD from the window a couple of months ago and despite being my new daily it has most stickers still in place 😂
Cant be true AD must send stickers back to Rolex
^ asked my AD ( WoS) to keep stickers on a Yacht Master with Everose gold on a Oyster Flex, if I bought a watch which was available s a walk in. I have bought three Rolexes and two Omegas in 24 months, with a spend of 70k. The Manager, who is great, he refused, as it is a sackable offence. I only wanted the sticker on the clasp retained...
Let me guess, you have plastic covers over your couches.🙂
You’re lucky to receive watches with full stickers mate! It’s a good way to retain the quality of the watch for longer, some clients also use aftermarket stickers to the same effect! So happy to hear you wear and enjoy your watches mate, that’s what it’s all about 🙌🏻💯
@davidbrown9947 Its a good idea to have a protective film on the clasp, especially if it's gold. I bought an after market sticker for my gold gmt. The polished links have all got hairline scratches but the clasp would have been in awful condition where it not for the film
What’s happening with the prices of the Bruce Wayne? I hear the prices are dropping.
The prices are continuing to drop, however, not as rapidly as before. The sweet spot I still predict will be below the 126710BLNR! 🙌🏻
How often do your clients buy a watch? Once a month? Is it every few months? Once a year?
Thanks Charlie. Great information as always!
Glad you find the content informative mate, that’s why we produce it! Appreciate the support 🙌🏻💯
Some of the patek model references you mentioned are discontinued
Great insights on Rolex trends, really eye-opening! 👍
Charlie, great Q&A video , you answers are open and honest as usual, Thank you see you soon mate 💥💥👍🏻
Thanks as always for the support mate, really appreciate it! Hope you’re doing well 🙌🏻👌🏻
Hopefully on the mend now mate Thank you👍🏻
Great video, insightful and on point 😊
Thanks mate, glad to hear you enjoy the content, I really appreciate it 🙌🏻
Charlie, What is that Loupe you use? I want one.
It’s called a ‘Connoisseur’ jewellers loupe mate! It’s a really useful tool, I couldn’t run my business without it 🙌🏻💯
If you can’t get a nautilus, or an Aquanaut , which model would you get ? Same for the royal oak . What would you get besides a royal oak ?
PP 5270 over any of those.
Thanks for the update when I come over to visit I gonna pick up a OP from ya
Thanks for watching mate! Whenever you’re ready to make a purchase, give us a call, we’re always happy to help 🙌🏻
I like the Sprite - no1 else seems to though 😂
It’s a really unique combination! I think the LHD configuration lowers the potential market but makes it super collectible 🙌🏻
Youre not slick Charlie! I saw that gold GMT on your wrist, I sense another video coming with your thoughts on that piece!!! lol!!
Haha good spot mate! Stay tuned…🙌🏻💯
Wait I’ve had both my AD purchases de stickered by the staff . Apparently it’s Rolex policy and if you find a watch covered in plastic that’s an aftermarket thing. Please comment.
It is now policy for ADs to remove factory stickers, however, we see so many with a couple they “forgot” to remove (like case back, clasp, crown guards etc.)! When we see full factory stickers it’s usually the result of a very good relationship between client and authorised dealer 🙌🏻
It looks like the market will test the previous low of 2009-2010 if they really produced 2mil watches per annum in the last few years. Thought it was somethning like 1.2mil which is still surprising. Somepne please clarify
Won't happen because of dollar debasement. Everything is permanently more expensive.
No one except for Rolex truly knows. They are not a publicly owned company so they don't need to publish the data.
The 1 to 1.2 million has always been an estimate by those in the industry
good info on the oysterflex strap
Thanks mate, it’s super interesting isn’t it 🙌🏻
@@thehonestwatchdealer ya
Yes wear your watch or😊 watches enjoyable video Charlie.
Glad to hear you enjoy the content mate! Appreciate the support 🙌🏻
a great video again
Thanks for the support mate, really appreciate it 👌🏻
@@thehonestwatchdealer no problems thx keep up the good work.
Killing it Charlie, blinding video as always!!!
Thanks mate, glad you liked this one - hope you’re keeping well! 👍
Why would anyone in the US buy from the UK? So much cheaper in the US, even before import duties. Madness.
Iv got a james cameron 2024 unworn full set with original bill of sale for sale
Hi Gerry, if you want to get in touch via the website we can take a look for you.
Www.theluxurywatchcompany.com
Market will never boom again - Rolex Adds are toxic
Pikachu is a great watch. I would never sell mine
It’s such an unbelievable model isn’t it mate, so hard to beat 🙌🏻
Good on you to never sell the Pikachu! It's a beautiful piece.
I also love that you guys ship to the US. I will keep that in mind for future reference lol.
It’s so much more than a watch to me now, it’s part of me and my journey! 🙌🏻
We’re always here mate, whenever you’re ready to make a purchase, we’ll be happy to help 👌🏻🙌🏻
More Tommy Orpington than Tom Hardy?
Yes agree, Charlie. If not a Rolex then the PP Aquanaut with orange strap. Love that watch.
It’s an unbelievable timepiece isn’t it mate! Such a special combination 👌🏻💯
I just looked at the Daytona Meteorite on your website, My god that one absolutely beautiful watch ❤
It’s astonishing isn’t it mate! Such an unbelievable combination 👌🏻
I am so happy to see your videos back.
I am really suprised why anyone would find anything out of sync in them.❤
Thanks mate, we’re so happy to have them back as well! Really appreciate the support 🙌🏻💯
Dude, 3:10-20 - please stop waving the watches around and actually show the comparision between dials? lol.
Yep... I said the same... 😂😂😂
Rolex has set up the gray market and flippers for failure! They used them to prop us the prices in the secondary market, they then rolled out their own CPO program and now they’re flooding the market with inventory which means that the gray market will get left holding the bag and Rolex CPO and the ADs will control everything while cutting off supply to the gray market and eliminating flippers….absolute genius!
I give you 10 thumbs up for saying you will never sell your Pikachu and will pass on to your children. I have the same thought too on my Pikachu 😊
And it has indeed integrated be part of your journey for watch and TH-cam life. I see you with your iconic Pikachu in most or all of your videos.
Thanks for saying mate, amazing you feel the same with yours! It’s so much more than a timepiece to me, it’s what having a connection to a watch is all about 🙌🏻💯
@@thehonestwatchdealer exactly well said. Which country are you from.i hope I have a chance to pay you a visit
It’s a very good question, this guy talks like he should be quite a few shades darker 😂😂😂
Who cares if the glass has been replaced. As long as it’s been done properly by a professional with genuine parts, it’s fine.
Also, watches aren’t investments. Rolex, as you say, make around 1.5m watches a year - that’s mass-production - they aren’t hens teeth. Buy it because you like it and wear it. The days of getting a return on watches is long over.
Depends on the watch.
I still have my father's 6538 which he bought new.
Great video, thanks for answering the question about the James Cameron
I love this watch, and like you said about you’re Daytona, I’m keeping it for the rest of my days
Thanks mate and appreciate you watching!
Stunning model to have in your collection - enjoy it!
Your...
Brilliant 🤩 company
Thanks so much for the support again mate, I really appreciate it! Hope you're well! 🙌
Great Sunday Q&A today Charlie.👍👍
Thanks Mike, glad you liked this one!
Of course they are discounting. They are also flooding the market with watches that can only force prices lower. The grey market no long has a place when retail provides the bulk of watches. Grey market is going to crash as all dealers awash with stock. Avoid.
Surely selling watches is the new age car sales man lol, everyone Trying it?
03:00 - For the love of God, can you please stop waving the watches around in your hand. It'd be nice just to see them held still.
Thank you.
Regrets of the decade.
1) not traveling during Covid
2) getting full sleeve or neck tattoos
3) buying more than one Rolex
So many great brands, and people go for Rolex, Patek, VC, & AP. It really is just about status for you people.
Hi
Charlie, I hope you and your family and all the team at LWC are all keeping healthy positive and you are having a lovely weekend, another great honest video enjoy the rest of your evening and week ahead best wishes
Thanks Karl, really appreciate that! All well here thank you, hope you are too!
❤❤❤
🙌💯
If you take anything from this, make it don't buy a Rolex over RRP. Not ever.
No such thing as never. I'd happily pay you £1000 over rrp for a platinum daytona...let me know if you can get me one😊
@@HS-ed3dz this is exactly what has ruined the watch industry.
Wolf tickets
Why every question is good question? Haha
Very good quality videos i have to say
Thanks mate, I really appreciate that 🙌🏻
No, you don't.
Modern Rolex are so boring.
Great content again 👏
Thanks mate appreciate you watching! 🙌
Your cliches are not the 'sweet spot' of your uploads and are 'one million precent' irritating.
"You guys out there" could be on of the references to the viewers. When you broadcast, you must be aware of becoming an irritant to some. Therefore, remain verbally versatile.
Then fuck off, shut the fuck up and don’t watch his videos. Problem solved.
One million percent agree
Charlie is doing his job.
Your job is to button your lip and let the man work.
It's part of his character and cheeky chappy charm. It always makes me smile when he uses one of his regular phrases.
Some people need to take life less seriously 😂
The watch market is dead.
A little disingenuous when you spoke about becoming an AD. The first advice you should give is you need seven figures laying about 😂
It’s there anyway you can go back to the day to day stuff, clients, buying, selling etc, far more interesting than these types of videos. I stopped watching for this reason.
Pretty sure you are still watching
@@DanielDahl-i9p only to see if the day in the life videos are back, shame, miss them.
GOLD. Diamant.rolex
Of course they are discounting. They are also flooding the market with watches that can only force prices lower. The grey market no long has a place when retail provides the bulk of watches. Grey market is going to crash as all dealers awash with stock. Avoid.