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28 March 2020, 05:47 PM | #1 |
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No new stock coming from Switzerland...
Does that mean the flippers are out of business for awhile?
And if so will we see the grey market dry up a bit? |
28 March 2020, 05:55 PM | #2 |
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Going to have to wait and see what happens. IF there was enough stock coming from the currently closed Rolex to knock the flippers off their purch, it has nowhere to go at the moment becouse three quarters of Ads are closed...especially the large ones (from what I've read)
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28 March 2020, 07:58 PM | #3 |
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I would guess flippers will not get much profit if any (Bar SS Daytona) as the grey market dealers will have the mind set of the worst scenario, that all of the stock they hold will go down in price and could loose money,
I had a call from my local AD on Monday of last week, offering me a yellow gold, green dial Daytona, which I turned down, on me turning down the watch the AD then confirmed I had been the tenth person to turn down the watch. |
28 March 2020, 09:40 PM | #4 | |
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Quote:
Gray market is asking for $46000. If Ads. give a some discount, I think a lot of people will take that right away. |
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28 March 2020, 09:49 PM | #5 |
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I’ve been waiting for one from my AD for the better part of a year and I’m told my name is on it but the store manager told me months ago, they have never even seen one so I’m guessing it’s still somewhat rare. If it shows up, I’ll gladly pay retail. Well, that is if I still have money left after all this turmoil
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29 March 2020, 12:46 PM | #6 |
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29 March 2020, 02:53 PM | #7 | |
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Quote:
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Rolex 116334 126600 228235 |
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28 March 2020, 08:07 PM | #8 |
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Yeap, It's all downhill from here ..
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28 March 2020, 08:58 PM | #9 |
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You could probably get a nice discount on that if you wanted it!
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28 March 2020, 09:18 PM | #10 |
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29 March 2020, 06:50 AM | #11 |
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I would have declined your $24k offer too. That’s really low.
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29 March 2020, 07:10 AM | #12 |
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Maybe it was £24K?
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29 March 2020, 07:17 AM | #13 |
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I considered that before my response. I still think it’s low in today’s environment. Just my opinion.
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29 March 2020, 09:45 AM | #14 |
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29 March 2020, 04:43 PM | #15 |
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28 March 2020, 09:12 PM | #16 |
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If there's no stock coming in, it depends on the stock that a grey has to hand (in their safe). If they have a few of each item, then prices will soften, but not crash. The flip side to this is... If you're the one of a few grey dealers with a hot piece... You're in a solid position, as there are xxx number of people after the watch and only a very limited number available - it's all supply and demand.
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28 March 2020, 09:30 PM | #17 | |
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29 March 2020, 12:40 PM | #18 | |
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28 March 2020, 09:37 PM | #19 |
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Does that mean you could get a discount on a PM YM on OF? I mean not end of world but I suspect not many people will be buying PM in the next few weeks.
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29 March 2020, 07:19 AM | #20 |
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No new product= scarcity. Scarcity = $’s
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29 March 2020, 08:32 AM | #21 |
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The grey dealers will just shift their emphasis to nice used watches. With the way the stock market crashed I am sure more than a few will be offered to the greys.
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29 March 2020, 11:14 AM | #22 |
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29 March 2020, 09:58 AM | #23 |
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29 March 2020, 10:01 AM | #24 |
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29 March 2020, 10:28 AM | #25 |
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29 March 2020, 02:43 PM | #26 |
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29 March 2020, 09:04 AM | #27 |
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With no supply, will some ADs go out of business?
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29 March 2020, 09:48 AM | #28 |
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Flippers are out, greys are already stocked up....
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29 March 2020, 10:10 AM | #29 |
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I think grey dealers could be in trouble assuming they have bought stock at well above MSRP on finance as I presume not too many dealers own their stock outright.
if so they may have watches owing them more than they are now worth and presumably no customers looking to pay a 100% mark up to get a sports Rolex must surely also effect the incredibly over priced steel nautilus market?
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29 March 2020, 10:26 AM | #30 |
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I don't begrudge anyone making money, however, if a Hulk should somehow become resaonable then all bets are off, lol
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