Went watch shopping with DS this week.
Looked at Omega’s, IWC’s BUT surprisingly we ended up with a Rolex. I say surprisingly because we were ‘set’ on an IWC Ingenieur but when compared side-by-side from a style and value perspective, the Rolex Explorer came up tops.
We were looking at the 40mm Ingenieur that was just released this year. Nice understated watch but it was powered by a modified ETA movement. According to Andy at the IWC Boutique at MBS in Singapore, this is to keep prices lower. Like I mentioned in previous posts, I have this mental handicap paying so much for a watch with an ETA movement. I have always had this thing for Sandoz watches and most of them are powered by ETA movements and costs less than $300 so paying the $6200 for an ETA powered Ingenieur is an issue with me.
Once we had decided on the Explorer, we next had to decide if we would go new or previously owned. Service at the Rolex Boutique at Marina Bay Sands in Singapore was appalling. This and the fact that they and a Rolex dealer in Chinatown did not have any new Explorer’s in stock meant we had to look at previously owned models.
This is where it got interesting. A new Explorer sells for about $6000. Peng Kwee was asking $5600, KB Watch $5440 and in the end we got an excellent cash deal from Chuan Watch for $4880. All the watches we looked at were about 2 years old with box and papers so we were comparing apples-to-apples. Paying almost 20% under new prices for a watch that is about 2 years old, in mint condition from a premium dealer is a good deal any day of the week and more importantly, take your time and shop around for the best possible deal.
DS- I hope you enjoy your new watch!