New Hong Kong Member Looking for first Sub

[ben_hong_kong]

Hello All,

I'm a new member of the forum based here in Hong Kong. I've got some experience of watches, having owned and daily worn an IWC 371701 pilot chrono for the last 9 years.




I've been keen on owning a Submariner since I first saw one up close ~12 years ago. I've toyed with the idea or other dive watches and really like the Tudor Pelagos. However, I've never been able to look past the sub and now find myself in a position to actually purchase one.

I'm now in the market for a 116610LN. Perhaps not the most original choice but I really like the updated case shape and the ceramic bezel.

I've been talking to a number of AD's here in Hong Kong. Stock is predictably very tight but it seems they can be found if you're willing to pay a premium. The list price here in HK is 63,900 HKD but all the ADs want $72,000 HDK. That's a mark-up of 12.6%. At current FX the marked up price is $9205 USD.

Keen to hear from other members whether I should really be able to pay list price which I understand is ~8,550 USD. Or is it inevitable having to pay a premium on a popular model?

Many thanks in advance.