Rolex Grey Market in Hong Kong
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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.

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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
This is so sad for the real watch lovers.

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

CH
ChristianDK
May 21, 2019
+1 Dirk. This hobby has taken a turn to investment. [nt]

BO
Bounce781
May 22, 2019
+1

Quite revolting to see

MI
Mister M
May 22, 2019
Economies of scale, free market etc. Who to blame? Rolex. Would you expect all AD's to sell at retail, when knowingly, the watch could be resold at at a much higher

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

PO
Pour le Mérite
May 22, 2019
Is it really that sad?

Wouldn’t true watch enthusiasts care less about the current situation as they appreciate most brands? I mean I do like some of those hyped models but I really don’t care about them.

DE
dedestexhes
May 22, 2019
yes and no

As I stated, I have no interest in any of these models. But imagine that you're really wanted a specific watch, nothing to do with the hype, just of a specific reason, perhaps to complete a collection etc. I understand you could go for another brand. But not everyone wants 10 watches plus (like probably everyone on this site). But yes I agree with you, I really don't care about them and would be indeed put off by this hype anyhow. br, Dirk

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