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A lot of UK grey dealers have shed stock of Rolex in 2023 because they were becoming dead inventory and they had "bills to pay". A couple I spoke to shed at 15% loss to other dealers to free up buying power for other brands. Its seems in the UK, secondary prices are edging down because of that and other factors. That said, still ridiculous prices for some niche pieces and some dealers are happy to keep an OP for 9 months to eventually sell it at 300% of RRP.
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