The market in the UK has become ridiculous and it’s at its worst in London.
I’ve been into 7 AD’s in London and all their waiting lists are closed.
I’ve contacted 20+ AD’s outside of London and none will put me on a list, some say it’s closed due to demand and others have told me they won’t due to where I’m living and put me in contact with a more local branch.
I have a fairly good relationship with a big AD in London and they tell me demand is at its highest and the supply from Rolex (for steel sports models) is slowing down.
High demand could be due to all time highs on the stock exchange and lots of new young wealth coming from crypto.
But I bet a lot to do is also people seeing grey market prices and thinking they can make easy money.
If you did manage to buy a hulk from an AD in London you could flip it same day and make £2.5k, same with SD same and even more with a Daytona.
I know AD’s are removing stickers to deter flippers and I just saw Frederico on YouTube talking about stories of AD’s holding onto warranty cards for a few months after purchase for the same reason.
Why is the supply from Rolex slowing?
No one knows, Rolex keep secrets very well.
Will the 116610 be discontinued at Basel? Maybe.
Are they just going to stick the new updated
3235 Movement in?
I would say more likely.
I guess we just need to wait and see.
All I know is that if any EU members have a hulk for sale look no further and remember the no profiteering rule
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