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13 January 2022, 05:02 PM | #121 |
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13 January 2022, 05:21 PM | #122 |
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I've been looking on Chrono today at certain models and the variation in prices is huge.
Same models same year, new with box and papers have $12000 difference in price on a white Gold GMT |
13 January 2022, 05:29 PM | #123 |
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you should ignore prices on both low high ends when searching prices on chrono 24.
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13 January 2022, 10:42 PM | #124 |
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Wow, 35% margin? The flippers must get very little, it isn’t worth it.
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Rolex: 116621, 126333, 126711CHNR, 114060, 116500LN White, 126660 JC, 126710BLNR, 126710BLRO, 116610LV, 126610LN, 126610LV, 116508 YG Green Dial, 124300 Turquoise, 126719BLRO Meteorite dial, 228235 Olive dial ,126755SARU, 116505 RG Black dial, 326934 Blue Sky D. Audemars Piguet: 15451ST Blue, 15500OR w/Bracelet, 14790SA, 14790BA, 26022BC(Salmon) Patek Philippe: 5524R, 5712G, ALS: Time Zone 136.032, Cartier: WGSA0030, WSSA0061, YG Oct. 2965, Carree 2961, Breguet: 7137BA, MontBlanc: 109996" |
13 January 2022, 10:57 PM | #125 |
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This whole Rolex shortage and price inflation is mainly driven by grey dealers who ceased the high demand and started manipulating the market.
The YouTube is full of all types of grey dealers who are acting like a cartel with international connection and presence in all over the world such as Hong Kong, Middle East, Europe, and the US. I'm sure if these dealers are to fall, watch prices will be severely impacted and avilabilty will be much better. I think Rolex is really in a bad situation as they cannot control the market and the current situation leave them exposed funny but true. Sent from my SM-G998B using Tapatalk |
13 January 2022, 11:41 PM | #126 |
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13 January 2022, 11:47 PM | #127 |
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He has way more redundant stock than he lists.
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13 January 2022, 11:52 PM | #128 |
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That’s David’s issue not anyone else. Plenty of other Trusted Sellers out there that offer same exact watches and service.
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13 January 2022, 11:53 PM | #129 |
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Bob's Watches doesn't have any ceramic Daytonas right now either...nor any Pepsi GMTs actually
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14 January 2022, 12:01 AM | #130 |
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i agree and i never said it was anyone else's problem, just explained why it was the case. at the end of the day there are plenty of great sellers on this site so people are free to choose the best deal there is. i don't think his prices are a deal breaker for most people, otherwise he wouldn't be competing with the others and he'll also drop the price a few hundred if you ask. i just think in general a lot of people (myself included) think reselling a watch would get much higher offers than greys actually offer. i've shopped around watches among a few sellers here, david included, and their offers were basically the same
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14 January 2022, 12:27 AM | #131 |
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+ 1. I noticed this as well and have been trying to understand this. In the past month alone, I have seen the same watches come through as an incoming a few times. Anyone know why?
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14 January 2022, 12:38 AM | #132 |
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Once enough people realize getting a particular watch is not life altering, prices will level off. I am on waitlist for Wimbledon 41 which could be had for about a $3k premium. Have decided to wait for AD and if they never call, fuck it and life goes on. While I have been a customer of DSW (and he is all everyone says), this is now my philosophy for now until the end.
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14 January 2022, 12:49 AM | #133 |
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A bit blunt, but same goes for me. More important things in life than a watch
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14 January 2022, 12:56 AM | #134 | |
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Quote:
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14 January 2022, 01:07 AM | #135 | |
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Sell myself is a given. But if I am an unknown and do not want to deal with the hassle. Is it a wash if I sell to a Grey after shopping around,or am I better off trying an auction house? For the sake if discussion lets say I have something burning hot. JM Daytona |
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14 January 2022, 01:14 AM | #136 |
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I question what may become of some brick-and-mortar grey Rolex dealers when the bubble does eventually adjust (dare I say burst). To think that what goes up never comes down proves one's inability to learn from the past.
Maybe it's a good time for a life lesson from Lou Mannheim. See 1:24 |
14 January 2022, 01:24 AM | #137 | |
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How much more up will it go before it goes back down? Maybe so much that todays prices seem lite a thriftstore bargain,and the new normal is yet another couple of $10000s for the most in demand models? |
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14 January 2022, 02:32 AM | #138 |
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DAVIDSW must have taken stock from TPG, and likely shifting his focus into GP. Maybe making revisions after his coaching session completed?
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14 January 2022, 02:59 AM | #139 |
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DSW knows what he is doing and is a stand up seller. Its not his market he just works within it.
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14 January 2022, 03:24 AM | #140 |
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If you are buying a stock you don’t want to purchase a large block of shares at an all time high. My guess is there is no shortage of people contacting him to ask him to bid on buying a Daytona. He is probably choosing not to buy too many at once at a market high because it will drive up the average cost per Daytona in stock.
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14 January 2022, 03:43 AM | #141 |
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14 January 2022, 04:15 AM | #142 |
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Could we step back for a minute and consider what could happen to current 116500LN prices if Rolex so much as changes the font on the dial? Is it about that time yet?
Resellers would be smart to hold back a few pieces me thinks.. |
14 January 2022, 04:31 AM | #143 |
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14 January 2022, 05:19 AM | #144 | |
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Daytona 116500 for example Let's say $15k from AD, after taxes and such Sell to Grey Dealer for $28-30k!! $15k profit! Grey Dealer sells to end user for $40k, giving them a healthy 35% or more in profit, or about $10k for taking a few photos and paying their overhead. |
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14 January 2022, 05:28 AM | #145 |
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14 January 2022, 05:35 AM | #146 |
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I am no expert and I do not have a crystal ball but I've been around for a long time and I've only seen Rolex watch prices go in one direction...up!
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14 January 2022, 05:42 AM | #147 |
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Very nice! Great to have options.
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14 January 2022, 06:09 AM | #148 |
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I see David himself is viewing the thread right now lol.
Besides overhead and employee cost, you also have to take into account the security regarding the transaction. Sending your watch off to an individual you’ve never done before can be very nerve racking, but when you deal with one of the forum sponsors it helps bring that peace of mind. Yes, you can squeeze out a few more bucks with some random shop in the diamond district or off IG, but that’s up to each person’s comfort level. It beats trying to sell it yourself here when it’s like the wild wild west in that sub forum. Don’t like the quote you got from a secondary dealer? Move on and find another. |
14 January 2022, 06:31 AM | #149 |
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I think that's the bread and butter of his, and other's businesses. DJ, Explorer, Milgauss, YM etc., are the baseline watches and low balling here is where that butter comes from. Hot watch margins are thin for sure. From experience, DSW will give me a decent buy offer on a hot watch, DSSD, Sea-Dweller, Sub, TT, etc., but for DJ/etc., horrible low balling hahaha... if you buy those sucker watches, plan to hold onto them. Don't get all feverish for that hot model thinking you can get w/baseline Rolex watches. Prepare to open wallet w/big bills. Been there many times, and it can hurt.
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14 January 2022, 06:46 AM | #150 | |||
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Quote:
Quote:
Quote:
You can read comment #112 & #120.
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Rolex: 116621, 126333, 126711CHNR, 114060, 116500LN White, 126660 JC, 126710BLNR, 126710BLRO, 116610LV, 126610LN, 126610LV, 116508 YG Green Dial, 124300 Turquoise, 126719BLRO Meteorite dial, 228235 Olive dial ,126755SARU, 116505 RG Black dial, 326934 Blue Sky D. Audemars Piguet: 15451ST Blue, 15500OR w/Bracelet, 14790SA, 14790BA, 26022BC(Salmon) Patek Philippe: 5524R, 5712G, ALS: Time Zone 136.032, Cartier: WGSA0030, WSSA0061, YG Oct. 2965, Carree 2961, Breguet: 7137BA, MontBlanc: 109996" |
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