Quote:
Originally Posted by GreenLantern
I do not.
Some of us don't consider a Rolex Daytona SS to be a $25k watch.
That's why we don't buy from greys at those prices.
Also, it's worth noting that this is an illiquid market, so the greys have a lot of pricing power in that they can sit on inventory for a while. I've seen a lot of SS Rolexes sitting for a long, long time, because they can.
Rolex and others cannot sit on inventory (they just produce, and ship out).
So no, I do not agree with this.  |
So the greys can afford to have their capital tied up in a bunch of SS watches for a long long time without moving them at all? Seems to be an interesting business model.
A price increase would squeeze out the grey's and this flipping nonsense. I'd rather pay 25k for a daytona from an official AD at a higher MSRP, with my name on a warranty card and full receipt than go to a grey market dealer at the same price. I also don't want to worry about vetting them and having any issues going through an unofficial route.