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ROLEXROLEXROLEXROLEXROLEXROLEX
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#1 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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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
__________________
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 |
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#2 |
"TRF" Member
Join Date: Dec 2016
Location: USA
Posts: 645
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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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#3 |
"TRF" Member
Join Date: Jul 2019
Location: California
Posts: 880
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#4 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
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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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#5 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
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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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#6 | |
"TRF" Member
Join Date: Dec 2016
Real Name: Andy
Location: England
Watch: with confusion
Posts: 626
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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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#7 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
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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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#8 | |
Banned
Join Date: Jul 2017
Real Name: Jaime
Location: Here
Posts: 5,606
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Quote:
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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#9 | |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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Quote:
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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#10 |
"TRF" Member
Join Date: Jul 2018
Location: San Francisco
Watch: Sea-Dweller 50th A
Posts: 328
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I think that's a good call on your part.
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#11 | |
"TRF" Member
Join Date: Oct 2011
Real Name: Jim
Location: Orange County, CA
Watch: Rolex, AP & Patek
Posts: 3,738
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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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#12 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jun 2013
Location: NYC
Posts: 336
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Quote:
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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#13 |
"TRF" Member
Join Date: Mar 2016
Real Name: Craig
Location: Winnipeg, MB
Watch: Breguet Type XXI
Posts: 500
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the US economy is not shut down. Stop spreading fake news. stop speaking in absolutes.
__________________
"God grant me the serenity to accept the things I cannot change, the courage to change the things I can and the wisdom to know the difference". "Where's the nearest bridge"? |
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#14 | |
"TRF" Member
Join Date: Nov 2019
Location: Local group
Posts: 226
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Quote:
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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#15 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2017
Real Name: Mayor Vaughn
Location: Shark City, FL
Posts: 456
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Quote:
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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#16 | |
"TRF" Member
Join Date: Mar 2020
Location: USA
Posts: 68
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Quote:
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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#17 | |
"TRF" Member
Join Date: Dec 2016
Real Name: Andy
Location: England
Watch: with confusion
Posts: 626
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Quote:
'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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#18 |
"TRF" Member
Join Date: May 2009
Real Name: John
Location: Midwest
Watch: 5513,1675,216570
Posts: 1,487
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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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#19 |
2024 Pledge Member
Join Date: Oct 2009
Real Name: Gary
Location: USA
Watch: Daytona
Posts: 11,390
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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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#20 | |
Banned
Join Date: Oct 2018
Location: US
Posts: 1,411
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Quote:
Sent from my SM-G925V using Tapatalk |
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#21 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,984
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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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#22 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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It was a black
I just asked what his lowest would be
__________________
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 |
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#23 |
"TRF" Member
Join Date: Apr 2019
Location: fla
Posts: 34
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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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#24 | |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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Quote:
Agree Sent from my iPhone using Tapatalk |
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#25 |
2024 Pledge Member
Join Date: Jan 2013
Location: NWA, USA
Watch: BLRO/Daytona/OP41s
Posts: 5,160
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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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#26 | |
"TRF" Member
Join Date: Oct 2013
Location: SF Bay Area
Posts: 241
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Quote:
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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#27 |
"TRF" Member
Join Date: Jan 2015
Real Name: Joshua
Location: Atlanta
Watch: Pelagos
Posts: 7,933
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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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#28 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2013
Location: usa
Posts: 19,326
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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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#29 |
"TRF" Member
Join Date: May 2018
Location: Philippines
Posts: 1,823
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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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#30 |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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