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#1 |
2024 Pledge Member
Join Date: Jun 2014
Real Name: Ben
Location: Valley of the Sun
Watch: 126331 126610 3861
Posts: 3,235
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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? |
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#2 |
"TRF" Member
Join Date: Feb 2020
Real Name: Simon
Location: Wales
Watch: whichever I wear
Posts: 830
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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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Timing Is Everything Submariner 114060/ Submariner 116613LB/ Daytona 116523/ Omega Seamaster/ Omega De Ville |
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#3 |
"TRF" Member
Join Date: Dec 2019
Location: Earth
Posts: 130
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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. |
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#4 | |
2024 Pledge Member
Join Date: Mar 2015
Location: USA
Watch: Rolex/AP/PP/ALS
Posts: 5,995
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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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#5 | |
2024 Pledge Member
Join Date: Oct 2009
Real Name: Gary
Location: USA
Watch: Daytona
Posts: 11,390
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Quote:
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#6 |
"TRF" Member
Join Date: Nov 2010
Real Name: Blank
Location: Romo
Posts: 1,465
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#7 | |
"TRF" Member
Join Date: May 2017
Real Name: Alan
Location: Northern, CA
Watch: 116334
Posts: 2,215
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Quote:
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Rolex 116334 126600 228235 |
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#8 |
Banned
Join Date: Aug 2019
Location: EU
Posts: 806
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Yeap, It's all downhill from here ..
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#9 |
"TRF" Member
Join Date: Nov 2019
Real Name: marco
Location: UK
Watch: Quite a few now!
Posts: 1,268
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You could probably get a nice discount on that if you wanted it!
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#10 |
"TRF" Member
Join Date: Dec 2019
Location: Earth
Posts: 130
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#11 |
2024 Pledge Member
Join Date: Jan 2007
Real Name: Dave
Location: CA
Watch: es
Posts: 4,391
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I would have declined your $24k offer too. That’s really low.
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#12 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2006
Real Name: Jocke
Location: Sweden
Watch: A dozen of Rolex's
Posts: 22,531
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Maybe it was £24K?
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This message is written in perfect swenglish. What is best a custom Rolex or a Rolex that is stuck in custom? Buy a professional camera and you´re a professional photographer, buy a flute and you own a flute. |
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#13 |
2024 Pledge Member
Join Date: Jan 2007
Real Name: Dave
Location: CA
Watch: es
Posts: 4,391
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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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#14 |
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Real Name: Ryan
Location: DMV
Watch: LVc
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#15 |
"TRF" Member
Join Date: Dec 2019
Location: Earth
Posts: 130
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#16 |
"TRF" Member
Join Date: Jan 2020
Location: Good Hope
Watch: 124060
Posts: 1,596
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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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#17 | |
"TRF" Member
Join Date: Dec 2019
Location: Earth
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Quote:
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#18 | |
Banned
Join Date: Jul 2017
Real Name: Jaime
Location: Here
Posts: 5,606
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Quote:
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#19 |
"TRF" Member
Join Date: Dec 2019
Location: United States
Posts: 881
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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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Time is Money. |
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#20 |
"TRF" Member
Join Date: Dec 2018
Posts: 1,079
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No new product= scarcity. Scarcity = $’s
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#21 |
"TRF" Member
Join Date: May 2009
Real Name: John
Location: Midwest
Watch: 5513,1675,216570
Posts: 1,487
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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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#22 |
Banned
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Location: SoCal
Posts: 450
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#23 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Dec 2017
Location: NY
Posts: 2,491
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Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein |
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#24 |
"TRF" Member
Join Date: Jul 2015
Location: Philadelphia
Posts: 1,447
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#25 |
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Watch: 126610LV
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#26 |
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Location: SoCal
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#27 |
Banned
Join Date: Mar 2020
Location: Los Angeles
Posts: 58
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With no supply, will some ADs go out of business?
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#28 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,645
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Flippers are out, greys are already stocked up....
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#29 |
"TRF" Member
Join Date: Sep 2011
Real Name: Tim
Location: Worcestershire,UK
Watch: Coke 16710
Posts: 894
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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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Tim. 124060 Submariner, 16710 Coke, 16570 Black dial, Datejust 41 Wimbledon dial, Tudor Black Bay GMT, Tudor Black Bay 58 Blue, Tudor Black Bay 58 925, Tudor Prince Date Chronograph (panda dial) |
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#30 |
2024 Pledge Member
Join Date: Mar 2011
Location: GA
Watch: 1982 16750
Posts: 4,263
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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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