Rolex Grey Market in Hong Kong
Market

Rolex Grey Market in Hong Kong

By happymsp · May 21, 2019 · 32 replies
happymsp
WPS member · Rolex forum
32 replies7322 views4 photos
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Happymsp's post offers a fascinating glimpse into Hong Kong's vibrant grey market for luxury watches, specifically a shopping center on Nathan Road overflowing with Rolex models. The author's photos reveal an astonishing inventory of highly sought-after references, sparking a community discussion about the dynamics of supply, demand, and pricing in the secondary market.

Those who visited Hong Kong, there's a small shopping center located on the famous Nathan Road Chung Hing Building, right next to Holiday Inn. Honestly as a residence of HK, I have never walked inside this building, and this shopping arcade has been renovated recently, I discovered a whole new sights. With tiny sized shops, so many watch shops selling new and secondhand Rolex primarily. I am sure they have more stocks than any AD in HK, I saw so many Daytona, Pepsi, Batman, Hulk, SD, DS, available with a hefty premium, some from local stocks and some from overseas stocks, the sight definitely stunned you, I did and here are photos to prove what I am saying... No watches have price tags because they fluctuated with the daily demand, the so called "market price". If you are in HK, do have a look around, and in case you want one at premium, they accept cash only..











About the Rolex Rolex 116710 BLNR Ref. 116710

The Rolex GMT-Master II reference 116710BLNR, known by collectors as the "Batman," introduced a novel blue and black ceramic bezel to the GMT-Master II lineup. This was the first time Rolex combined two distinct colors on a single monobloc Cerachrom bezel, a significant technical achievement. The blue segment represents daylight hours, while the black segment denotes nighttime, aiding in tracking a second or third time zone.

This reference features a 40mm Oystersteel case, housing the automatic Caliber 3186 movement, which provides a power reserve of approximately 48 hours. The watch is fitted with a sapphire crystal with a Cyclops lens over the date display and is water-resistant to 100 meters. The black dial provides a contrasting backdrop for the Chromalight hour markers and hands.

Appealing to collectors interested in modern Rolex innovations and practical travel watches, the 116710BLNR quickly became a highly sought-after model. Its distinctive bezel color combination set it apart from previous GMT-Master II references and established a new aesthetic within the collection, preceding subsequent iterations with similar two-tone ceramic bezels.

Specifications

Caliber
Cal. 3186
Case
Oystersteel
Diameter
40mm
Dial
black
Water Resist.
100m
Crystal
Sapphire crystal with anti-reflective coating

Key Points from the Discussion

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The Discussion
DE
dedestexhes
May 21, 2019

On the one hand everyone is entitled to buy and sell a watch as he/she wants. However, although not really interested in any of the watches shown, I feel a bit upset for some people really saving hard to get their dream watch and then being confronted with market economy like this. Just my 2 cents, Dirk

BR
Brandon Skinner
May 21, 2019

Nothing communicates rarity worse than putting 5 identical watches right next to each other😐. I can't understand the store's thinking here.

RE
reintitan
May 21, 2019

6x Hulks, 10x ceramic SS Daytonas (5 white dial/5 black dial), 3x green-dialed solid gold Daytonas that John Mayer loves so much, 8x no-date ceramic Subs all in nice rows. Guarantee you'll never see that at any AD.

BO
Bounce781
May 22, 2019

Quite revolting to see

MI
Mister M
May 22, 2019

price, thus losing out on an opportunity' or providing the buyer that opportunity? It has certainly come down to investment. If you had a chance to buy say 5 Rolex sports watches at retail, would your eyes light up, and imagine dollar signs? It's unfortunate, but the guy having saved up for his dream watch will either need to pay the premium, or find another dream watch. That other dream watch could be purchased at a discount....again economies of scale, working the other way. Why bother chasing

SH
shafran
May 22, 2019

I went with my wife to a jewelry exchange in Aventura. Many of the hard to get Rolexs are there, available at a mark up.

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