ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
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31 March 2020, 03:24 AM | #1 |
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Greys not budging, just tried
Just tried to make an offer on a 116500 on chrono24
$19795 listed Will not go any lower, even when mentioning 800 others listed I dont know guys, I think everybody is going to hold out
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31 March 2020, 03:27 AM | #2 |
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Thanks for the update. If you don't mind me asking, was your offer close or was it significantly lower?
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31 March 2020, 03:29 AM | #3 |
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31 March 2020, 03:38 AM | #4 |
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The reality of the situation hasn't hit them completely yet. We are still in shock mode.
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31 March 2020, 03:40 AM | #5 |
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If they can hold on they will hold on, with severe lockdowns in place this thing could start to turn in a couple of months, esp with public perception as the initial fear over this virus will have dissipated and the economist's voice will start to trump the medic's. With everyone now committed to combating this virus, this looks like a shorter term micro issue than a long term macro issue.
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31 March 2020, 05:05 AM | #6 | |
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Quote:
If the OP was in the UK I would snap his hand off for that offer -and would indeed take considerably less. |
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31 March 2020, 07:43 AM | #7 |
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I think not, unless this virus mutates to killing people under 60 at a 5% rate then it is politically untenable to cause a massive depression and millions in unemployment with society in chaos and deprivation, at least in the UK; so what will probably follow is in the summer things start to open up but older people will have to stay isolated for many more months, for them this will last a long time.
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31 March 2020, 03:41 AM | #8 | |
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The USA economy is now going to be shut down until May. Let's see how long these watch dealers can go with no cash flow and just sit on inventory collecting dust. |
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31 March 2020, 03:53 AM | #9 | |
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I think once the virus has run its course and we’re getting back to normalcy AND there’s still much less interest in the BLROs, Daytona’s, Hulks...then it’ll come crashing down The greys are holding out bc they think it’s just the virus that’s causing this |
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31 March 2020, 07:06 AM | #10 |
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I think that's a good call on your part.
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31 March 2020, 04:06 AM | #11 | |
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Quote:
Also ALL Greys with inventory would have to hold out. As soon as a couple start lowering prices the rest will have to follow or just sit on stock that no one will buy hoping pricing get back to an all time high. |
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31 March 2020, 05:15 AM | #12 | |
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There's also the fact that once prices start to fall it can become a race to the bottom. Smart economics says no seller should lower their price but in challenging market conditions some sellers don't have that option. I suspect that while the temptation is there to drop prices to move inventory no one wants to make the first move. I don't remember clearly but I don't believe we saw massive fire sales in 2008 when the financial markets crashed. While this current situation may eclipse that I suspect that it will still take some time before the prices materially change more broadly. |
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31 March 2020, 06:08 AM | #13 |
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the US economy is not shut down. Stop spreading fake news. stop speaking in absolutes.
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31 March 2020, 06:15 AM | #14 | |
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Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation: Airplanes are parked on unused runways, the busiest highways are empty during rush hour times, resorts have become ghost towns, ports are seeing sharp drops in shipping activity and more. |
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31 March 2020, 07:07 AM | #15 | |
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The economy has definitely tanked in some venues (particularly with my friends in the hospitality business), but the world/U.S. economy certainly is not 'shut down'. Where do people get these ideas? Too much TV? |
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31 March 2020, 07:16 AM | #16 | |
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Hoping for the market to drop so that they can finally buy a piece they cannot truly afford. I'm not saying all of the people on this forum but majority. |
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31 March 2020, 07:18 AM | #17 | |
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'Where do people get these ideas?' Are you kidding? The building industry, large and small - virtually all shut down Builders merchants largely shut Schools shut Estate agents, hair salons, all retail (apart from food), most manufacturing – shut. Call centres – skeleton staff Leisure, Tourism, Hospitality, bars, restaurants shut Sports events shut Hotels largely shut |
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31 March 2020, 11:46 AM | #18 |
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The country may be shut down until May but the Market seems to think we have hit and passed the bottom. It's looking six months out. Wall Street may be feeling better.
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31 March 2020, 03:42 AM | #19 |
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They can probably hold steady for months. Supply on a global scale isn't huge IMHO...This might all be over by the time they would have to sacrifice inventory...Just my two cents...
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31 March 2020, 04:30 AM | #20 | |
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Sent from my SM-G925V using Tapatalk |
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31 March 2020, 05:02 AM | #21 |
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Supply chains are down right now so no new product. I see the prices softening at some point but only because owners will be selling creating abundant supply of used watches. Plus. I see the overall watch market softening from here. This cycle is running its course. It was overhyped and when that happens it eventually burns its self out. But their will always be a market for the used stuff so re-sellers will do fine if they buy right to maintain a sufficient margin to stay in business.
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31 March 2020, 03:45 AM | #22 |
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It was a black
I just asked what his lowest would be
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
31 March 2020, 04:05 AM | #23 |
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Dealer probably doesn’t want to negotiate against himself. Many dealers simply won’t respond to ‘what’s your lowest prices’ inquiries. You’d need to offer him a number that you’re willing to pay, and if he says yes you really should buy..
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31 March 2020, 04:11 AM | #24 | |
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Agree Sent from my iPhone using Tapatalk |
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31 March 2020, 05:15 AM | #25 |
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Same. When I've sold a few watches in the past a "what's your lowest price" is given no response. If you really want it YOU need to make an offer.
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31 March 2020, 06:05 AM | #26 | |
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This is true. Maybe get back to them with a number. Most of the sellers are very reasonable. Sent from my iPhone using Tapatalk |
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31 March 2020, 06:18 AM | #27 |
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This! When I'm selling something and someone asks "what is your lowest price?" I always respond with the price I listed. If you want to make me an offer, make me an offer but don't ask what my best price is.
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31 March 2020, 06:20 AM | #28 |
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Right, and it practically never ends in a completed sale. It’s a poor way to negotiate
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31 March 2020, 11:09 AM | #29 |
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Agree. If you give a lower amount he will just haggle from that lower amount. I do that. But I’m also ready to throw a specific number when asked.
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31 March 2020, 04:07 AM | #30 |
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