These BIG Rolex Models Are A PASS In 2024! - Watch Dealers Honest Insight!
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- čas přidán 15. 06. 2024
- In this video, we take a close look at Rolex watches over £20,000 and why MOST of them aren’t worth your money from your Authorised Dealer!. From the solid gold Submariner to the GMT Master range, we’ll break down which ones you should PASS. Get insiders information on these high-end models and find out which ones to avoid in today’s market.
At the time of recording, the exchange rate was 1 GBP = 1.26 USD. Please note that exchange rates fluctuate, so the conversion may differ when you view this video. Always check current exchange rates for the most accurate conversions.
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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The fact that grays like him are passing on so many models is evidence that the resale market is tanking, which is good for actual Rolex wearers.
Not sure why CZcams algorithm keeps recommending Rolex videos when I can only afford a Casio.
That’s exactly the reason why.
🙈😉
Registered an interest on 17th May. Got THE CALL on 1st June. Picked it up on Friday 14th June. Not looking to flip. Explorer 40. UK buyer
I got my Explorer 40 also..... Love it
Congratulations mate, stunning watch, enjoy it! 🙌
@@thehonestwatchdealer Thanks! I’ll get a Yacht-Master 18ct on Oysterflex post lottery win! 😂😂
*Was that your first time buying a Rolex from that AD?*
@@AnonZero0 Yea. But had been a customer for a while with other purchases. Not sure if it was that, or just the my watch isn’t really sought after like others and doesn’t have dial/bracelet options?
The market is dead for flippers and alive for enthousiast
That is BS, try buying any datejust from any AD, really hard to get models still
That is BS, still can’t get stainless steel models
You're spot on..... Look at all the videos comi g out saying there is a Definate drop in the market. If you get at retail then you won't lose as much.... I think it's next year or year after the new Rolex factory will come online and they'll be making in excess of 2 million watches a year and then there will Definately be a drop. Anyone buying over retail has lost any possible return there and the.
@@theaerolifeit really isn't
@@lolomgwtfbbqqqqI have and so have a number of my friends....
So pretty much all the precious metal watches are a pass the watch market is dead!!
Yeah! A 35,000 GBP watch is selling for 32,000 GBP!!! It’s all over!!! 🙄Freaking rebo
Charlie thanks for Sunday update. Thank goodness flippers days are basically over. Yet some greedy ADs still playing dirty. Rolex I think have got carried away with their pricing.
Thanks for watching mate I really appreciate it, glad you liked this one! 🙌
It’s good now that a lot of the Rolex watches are now available for under list in the grey market. That’s the way it always was. What would be your price on a 36mm 126200 (smooth bezel) jubilee strap blue motif dial
Another great video. Only suggestion would be to have a graphic with the prices you are talking about (i.e. RRP, what you buy at, what you sell at) just to make it easier to follow along. Keep it up with these videos! I look forward to these!
Thanks mate I really appreciate the suggestion, will see what we can do 👌🏻
So glad you enjoy the content 🙏
Got this out before the footy.
Good timing Charlie. 😀👍
Haha thanks mate, enjoy the game! 🤞
I love watching these videos every week , great open and honest insight into watch buying , thank you mate top video as usual 💥💥👍🏻
Thanks Paul really appreciate it! Hope you’re keeping well mate 🙏
Hi Charlie,
Thank you so much for another informative vlog on the Rolex > 20K updates. You exactly answered the question I posted from the < 20K vlog.
I really enjoyed watching and especially your comments/suggestions on "if you were to be offered by your AD, what would you do". Spot on.
Would you consider doing this type of updates on the quarterly basis? Or maybe you can build your index to track down the pricing performance???
BTW, there is only one tiny thing I felt a bit strange, which is the pixel quality of this video. CZcams says it's 4K, but it's a little bit blurring. The previous < 20K video pixel quality is perfect fine.
Best wishes,
Jack
Thanks Jack I really appreciate this, so glad you liked this one - I will certainly look into this, thank you! 🙌
Thanks for the update - I do love the Ghost 👌🏼 I have that fully stickered BLRO still since 2019 - pointless wearing it now, might as well keep it until it’s discontinued. For me the batgirl is easier on the eye when worn regularly, the red gets annoying.
Glad you're enjoying the content mate, the support is much appreciated 👍
Congratulations on owning such an unbelievably rare timepiece, such a collectors item with it being fully stickered!! 🙌
Miss them all until under retail lol
Never happening
@@ithper watch and see !! Mind the pun lol
@@dyeahna dreams are free.
I just bought my first Rolex, 41mm black Sub. Love it, and I didn't pass. No regrets.
Congratulations mate, such a stunning watch - enjoy it mate! 🙌
Recently bought a black sub 41 mm. Simple and elegant. Wear it and enjoy!!
@@danielbenninghoff9251 congratulations mate, stunning model, enjoy it!
I admire your honest and straight to the point content. Outstanding.
Thank you mate I really appreciate that, thanks for watching!
Wait. Buy at AD with a discount. Avoid these scammers at all cost
I was kinda hopeful you would touch on the Platinum Daytona range as well. There seems to be a retraction on grey pricing but still over retail.
The market has seen a slight dip across the majority of models, however, the Platinum Daytona still holds extremely strong as a result of its limited supply and huge demand! 🙌🏻
@@thehonestwatchdealer many thanks! Unfortunately my AD (a Rolex boutique) only gets 1 platinum Daytona per year so I only have access to the SS (1 piece only) so I could only get the platinum on the secondary. Looks like I will have to “pony up”.
@@stevemuzz1163 ah yes unfortunately they are incredibly difficult to secure from the AD 👎
@charlie what about the metriote gmt white gold if offered from the AD? - Buy or pass? Ans what you think long term potential of that watch once discontinue someday? winner or no? Thanks in advance! Keep up the great work !
Such a stunning model, should be a highly collectible one for the future being such an incredibly rare dial. 👌
@@thehonestwatchdealer grab or pass if get offered from AD?
@@watchPaige long term potential should be a great one to have in your collection for sure 👌🏻
What is the current market on platinum Daytona?
1.5x
Great insights mate, i am enjoying my explorer 40 and i did buy it less than retail!
Thanks mate! Stunning watch, enjoy it! 🙌
great video as always. Nice that you show where there is a decrease in price or an increase. Many people who buy a first Rolex are overwhelmed by it. thank you for the information.
Not a problem at all you are very welcome!
Thank you for watching, glad you liked this one 👌🏻
@@thehonestwatchdealer I've been following you for a while now and all your videos are great. small effort to leave a message and a like for the effort you and your team take🫡
Sunday night is always watch videos night, and between you, Watchtrader, GMG, Trotters etc yours are always the best, week in week out 😁
Thanks Mick I really appreciate that! So glad you enjoy the content 🙏
Just got the call and pick up my BLNR GMT on June 6th 🙌🏾💙🖤
Great! Is it on oyster or jubilee bracelet?
Great acquisition mate, such a stunning timepiece! Enjoy it 🙌🏻💯
@@thehonestwatchdealer thank you!
@@thehonestwatchdealer thanks so much! 🙏🏾
Great video! To improve, you can add timestamps and do two video uploads a week!
Thanks mate glad you liked this one - we will see what we can do 👌🏻
Bravo, very professional presentation🍾👏🏻💪🏻💪🏻❤️
Thankyou, so pleased you enjoy the content 🙏
Always a great sunday watch. Have a great week.
Thanks mate, that’s much appreciated 💯🙌🏻
Have a great week as well 👍🏻
Hi Charlie,for a oysterflex Daytona what’s a better buy from an AD - WG Ghost Dial or rose gold with black dial or another dial? What will hold value better? Not flipping the watch
Thanks for the question, definitely the Ghost of you can get it 👌🏻
Went to my AD today and they have a few heavy pieces sitting right now
Yes they are struggling to shift them at the moment! 🙌
"I just bought a Rolex Submariner Starbucks from an authorized dealer." i love it
How about the 126509 ghost? is it trading above retail? Thank you
The OysterFlex is yes, however the full precious metal models are struggling quite a bit at the moment
What are your thoughts on the 1908? Wait for the call or grey market?
Grey
I really like the 1908 in yellow gold as well. Also curious.
Such a stunning timepiece but a very niche market. Not many on the grey so it’s difficult to determine a proper market value 🙌🏻
Love your content bro. Question …..why would anyone buy the SkyDweller from and AD to then flip it at a loss ? Surely the AD must be discounting* them? What do you think?
Bundle.
Potentially to move up the list to get a model they are waiting for! 🙌
what about the Dayton ghost full white gold bracelet?
The full gold precious metal models are struggling a bit at the moment - Oysterflex models are the best to go for if you can 👌
@@thehonestwatchdealer Thank you for the reply. I have been offered a Full White Gold Ghost 126509 from my AD. I love it because it looks like a vintage 6265 and its stealth wealth. I prefer the gold Daytona on an Oyster Flex strap because they are not as garish. The only issue is price! I subscribed last night and I think your videos finally offer some honesty in the watch community.
@@larssonnsx you are spot on there!
Thank you for subscribing, really appreciate it and welcome to the channel! 🙏
What about a silver dial datejust?
An entry level dial this one, likely just underlist 👍
At the point now where unless you want to own and keep any Rolex forever don’t purchase, the days of flipping are finished.
and how about with the yellow gold day-date with Onyx black dial ?
Really stunning combination isn’t it, one to buy if you are looking to wear and enjoy 👌🏻
@@thehonestwatchdealer how is it doing in the market if I go to buy it from Grey Market ? Onyx or the ombre green are the ones I am looking for…
@@g.g.9812 a grey market dealer had a fully stickered 2023 onyx baguette dial for sale @ £46,000. I got mine at list last year for £40,000. By far the best looking DD
The holy grail today is the GMT Pepsi. Waiting for the prices to reach retail prices to go grey market ❤❤❤
Such an incredible model isn’t it, hopefully you can get one soon! 👌🏻
Charlie would you give us your thoughts on Daydate Platinum?
I will see what I can do! 👌
Hi Charlie, I hope you and all your family and all the team at LWC are keeping well healthy, and you are all having a positive, productive 2024. So far, another positive market update look forward to watching and listening to your next video take care wishing you and the team a positive productive week ahead best wishes 😊
All good here Karl, hope you are well too! Glad you enjoyed this video and we look forward to having you in again soon 🙏 Thanks for watching!
You his Dad? 😂
@JustMeTalking no, I am a friend, and I like to give out positive energy out to the world ✨️ wishing you your family and friends joy, happiness, kindness filled with gratitude 🙏
@thehonestwatchdealer Hi Charlie, I am very healthy, positive , happy, and grateful and I will definitely look forward to seeing you all again in the future 🙏
@@karlsugden4161 oh OK... fair enough.
I tend to contact all my friends through private messages, you know, because we're friends.
Not their business broadcasting channel... which would be freaking weird. Never mix business with pleasure...
Just a feedback, perhaps put the values up. Easier to follow. Cheers!
We will see what we can do! Thanks for watching mate! 🙌
New subscriber here. I love your informative content. Just bought a 126655 from my AD and love it. Not selling anytime soon so I don't mind the hit. I'll enjoy it for a while.
Thanks so much for the support mate, glad to hear you're enjoying the content! 🙌 Congratulations on your timepiece, wear it and enjoy it! 👍
I don’t understand who exactly is selling a new Rolex on the gray market at 10% or 15% less than the Rolex retail price. This would imply someone has purchased a watch from an AD at full price and is then selling it immediately for 10% to 15% less. Who would do that and why would they do it? I don’t understand this. Serious question.
Yes so usually to help them get up the ladder for a more desirable watch they are waiting for, I hope this helps! 🙌
@@thehonestwatchdealer thanks for the answer. Love your channel and thanks for your honesty and transparency!
@@timshaw1714 thanks Tim I really appreciate that! Happy to help 👌🏻
You missed the white gold GMT. It will be good to see a comparison between the blue and meteorite dials.
Thanks Alex, I will try and include this in the next one 👌🏻
If they are all a pass, where are the grey market getting supply??
Plenty of bag holders that purchased over the last 4-5 years
Waiting you always
So much for being a watch channel. All you do is make videos for flippers. Literally nothing but talking about the value. Why would you tell people to pass on buying watches from the AD? Maybe people don’t want go grey. Maybe people want to build a relationship at the AD to buy the heavy hitters later on. Maybe people want the guarantee of knowing their watch is 100% authentic, or having the satisfaction of purchasing a watch brand new directly from Rolex authorised dealer. If everyone listened to you and never went to the AD, there wouldn’t be any watches left for you to sell. It’s a ridiculous thing to say. Makes you sound desperate for business.
You do have a point. Buying from an AD is the only way to be 100% sure that the watch is 100% authentic.
^ exactly this
He's faker than his teeth.
The watch market is alive according to LB unbelievable but true 😂
Charlie, I am trying to understand Rolex's sales strategy. As confirmed at Watches & Wonders, Rolex wants to go upscale and increase gross margins by selling precious metal models. When I go into an AD asking for a GMT, the AD tries to offer me a white gold GMT or in another visit, offered me a gold Day/Date. Both times I said no. Given that gray market dealers like yourself are paying below list for most precious metal watches, isn't Rolex taking a huge risk is making watches that most of their customer base that has money will walk away from Rolex? Rolex usually knows what it is doing, but this strategy doesn't make sense for a customer to buy precious metal to get standing with the AD. What I am I missing?
I want a steel GMT I'm not picky I'll take any model
Such a great one to aim for, hopefully you get the call soon! 👌
wow! Rolex is more expensive in the UK!
5:53 I was comparing the retail with the diamond set black dial which comes to 56950 CAD retail. This equates to 32089.93 GBP
Unless...... are the prices you are quoting net or before taxes?
These prices are the total prices, VAT is included tin the price over here in the UK 👍
What do you think about the 42mm Yachtmaster in Titanium?
Nice watch but way overpriced currently
Interesting times. With double annual price increases for gold watches prices are climbing steeply at retail and the gulf to secondary is increasing, but a lot of high rollers collecting these watches won’t be too concerned with the savings involved and they’ll be looking to keep their spend up at the AD to get to even higher levels.
Charlie! Amazing video as always! Would be awesome if you can do a video of these with diamond dials for those of us looking to build a relationship with the AD!
Glad to hear you’re enjoying the content mate, it’s appreciated 🙌🏻 Great suggestion as well mate, certainly one to consider 👌🏻
Absolutely top class reviews 👏
Thanks Joe, I really appreciate that! 🙏
Hey @thehonestwatchdealer randomly walked into an AD in Spain and was offered the day-date everrose green dial... would you have personally taken it or passed?
It’s a stunning model if you plan to wear and enjoy for the long term.
However the full precious metal models do struggle quite a bit at the present time.
The pinnacle of sustained eloquence and perfect grammar!
🏆more A1 Insight 🏆
Thanks for the support mate, glad to hear you’re enjoying the content, it’s much appreciated 🙌🏻💯
Buying from a grey dealer. Thats a million percent pass!
Why
^ yup exactly this
The idea of a precious metal Sports watch is an Oxymoron . Very informative vid.
Interesting insights, makes me rethink my wishlist! 🤔
Thanks for watching! 🙏
Wait until late next year and you should be able to get all of these under list from your AD.
It will be interesting to see what happens!
Great video as always. One thing I have learned is there is NO alternative to Oysterflex. You can try Omega rubber on the seamaster, and it simply doesn’t compare. Wish it did but it’s just not as luxurious.
Glad to hear you enjoyed the video mate, it’s much appreciated 🙌🏻
Our opinions on the Oysterflex are well documented 👌🏻💯
I believe all the gold watches are gonna come down 15 more percent
It will be interesting to see what happens! 🙌
How is the grey market going to get stock if these watches are cheaper than retail on the grey.
No one is going to buy a watch from an AD and sell at a loss. It clear to see what Rolex are doing they are ensuring reduction in the supply to the grey market are they not?
These videos greatly exaggerate the downturn in market. Great for views ...
Buy the watch you like…enjoy wearing it…don’t get obsessed with this ridiculous grey market speculation. Simply leave them to family and friends when you die.
I waited 10 months to get the call from AD for my Starbucks. 4/23/24 a lovely day in Tampa Bay. The gray market is loaded with greedy dealers. That Starbucks cost me $10,800 and they want over $14,500 and up. One day I would like to get the gold oyster flex Daytona Pikachu
Congratulations mate, such a stunning model, enjoy it! Hopefully you can add the Pikachu to your collection soon 👌
Wow so many watches on here. Watch market is crashing and here is Rolex increasing their retail prices 😂
So almost everything is a pass now. I enjoy wearing my withe gold Ghost and don't care about price drops.😅
Such a stunning model mate, enjoy it! 👌
@@thehonestwatchdealer Every single day 🤩
Nice video again. Never a million percentage pass 👊
Haha thank you mate, so glad you liked this one! 🙌
now do platinum.... thanks
Thanks for the update....I'm waiting for the day they all become a pass!
Thanks for watching mate, appreciate it! 🙏
No one talks about the meteorite Pepsi… why is that? This video seemed prime for it.
Very stunning model isn't it with one of the best dials out there 👌 I will try and cover this in a future video
@@thehonestwatchdealer maybe an episode about various Rolex Meteorite dials and go over the few models (Daytona, GMT, etc) that haven or had such. An idea. Regardless keep rocking YT.
@@jaybcarlile Great idea mate, I appreciate that - I will see what I can do!
Yacht 40 everose gold อยู่ในข้อฉัน❤
Such a stunning model, worth picking up on the secondary market this one!
Wow.... Another Rolex take or pass video, if you see everyone else's videos you'll see they're talking g about the down turn in the market and everything dropping.
Maybe try watching the vids. He covers the market
The good news is these watches now only make sense to buy and do the crazy thing of actually wear them and enjoy. Good update thanks Charlie.
Wearing and enjoying a luxury timepiece is what it’s truly all about! Thanks for the support mate, it’s much appreciated 👌🏻🙌🏻
The Pikachu and Ghost Daytonas just speak to me in a way the others don't. Same with the Day Date in Gold and white gold. The monochrome look is just better on the precious metal models. Beautiful!
All absolutely stunning timepieces mate, such a subtle aesthetic but utterly unbelievable 🙌🏻🤩
Why do people sell and take the loss? Surely you’d just keep hold and enjoy the watch.
Possibly to move up the list for the more desirable pieces they are waiting for 👍
Flippers crying 😢
Another price rise 😮
Unfortunately so! 😭
I thought only Omega loses value, not Rolex🙈
Pass pass pass pass… why don’t you say the 5 models to buy and all the rest you should pass.
used to love the content.
Now is a Flipper Chanel
Why are you deleting valid evidenced based comments...
Sold gold jubilee GMT is redonkulous
Such a stunning model isn't it 👌
Kino say the market is ☠️ 😅
Shortlist?😂
How about I offer you what I would pay for your watches and unfortunately for you I’ll let you know if I pass.
NICE THESE BIG ROLEX MODELS WATCH !!!!
Need to buy these from offshore AD’s, save the vat.
The Rolex watch market is dead. Unbelieveable, but true
Could you please put time stamps to your videos? 😅
I will see what we can do! 👍
The idea of passing on Daytonas you like for retail is hilarious
So who are these people buying watches from AD and selling to you up to 30% less? Buy high sell low! …… mugs!
Maybe guys rinsing their money 🤷🏻♂️🤔
Its ADs selling to grey to dump product
State your prices in both US dollars and pounds and you will widen your audience. Keep it simple
Definitely something to consider, will see what we can do! 🙌
The watch market is dead 💀
"Tonight on Pass or Pass I am milking views"
Best vids 🤌🏼⌚️
Thanks so much for the support mate, it's really appreciated 🙌
SUUCCESS.
The watch market is dead!
Same content recycled.
Bro it’s an update, like I’m sorry if you can’t comprehend that prices change but I find this very helpful
China’s economy is tanking, hence the current market.
Could very well be something to do with it 👌🏻