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31 March 2020, 10:41 AM | #121 |
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... how much dirty money can be laundered through holding out and “selling” a Daytona for $45K ?
Not necessarily saying anyone is guilty of this but man, what an opportunity to some. Does Chrono24 run OFAC checks ? Sent from my iPhone using Tapatalk
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31 March 2020, 10:49 AM | #122 | |
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Idiotic statement. EU has nearly 400K cases. |
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31 March 2020, 10:55 AM | #123 | |
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31 March 2020, 10:56 AM | #124 |
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I would love to see grays suffer. And suffer miserably.
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31 March 2020, 11:09 AM | #125 |
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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, 11:16 AM | #126 | |
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31 March 2020, 11:23 AM | #127 | ||
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Stay safe and SMART, it's going to be a very bumpy ride. Yet yes, I'd keep minimal currency needed for operations with a bit of headroom for common sense. All else to intrinsic value items, some that are very liquid if/as needed. It has been impressive the many trillions that suddenly became available. Just wish it went to education and the arts during good times. jmho ymmv
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31 March 2020, 11:25 AM | #128 |
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Easier said than done. I would gladly buy a BLNR or DaytonaC at my local AD's if they didn't force me to buy a DJ, a PM DJ and a ladies DJ for my wife. Yea I'm looking at you Montecristo, Lugaro, and Rolex Boutqiue.
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31 March 2020, 11:26 AM | #129 |
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This. I have made perceived mistakes negotiating but I always honor my offer. It the right thing to do.
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31 March 2020, 11:27 AM | #130 | |
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31 March 2020, 11:29 AM | #131 |
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31 March 2020, 11:31 AM | #132 |
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Was offered a brand new BLRO from a reputable grey for $15,750. The market is soft.
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31 March 2020, 11:40 AM | #133 |
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nothing to lose by waiting, cash is king.
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31 March 2020, 11:44 AM | #134 | |
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I was on this ADs list since last July. No purchase history. I politely turned it down (I have an Explorer) and while I would like a Sub, a BLNR would suit me better. Also, I'm on a BLNR list with the AD that I purchased my Explorer through. Point is, I don't believe my number just came up at this AD for that Sub. People have lost quite a large sum (at least on paper) in their investment accounts. My thought is this: The small time flippers (the ones between the ADs and the trusted sellers, let's take that segment of the market for example), that got into this Rolex game to make a quick buck, won't last in this economy. Those same small time flippers/non-watch enthusiasts will be the ones to turn down that AD msrp offer now. TLDR - just another opinion Sent from my SM-G925V using Tapatalk |
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31 March 2020, 11:46 AM | #135 |
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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, 11:48 AM | #136 |
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Dealers don’t want to sell at a loss because they bought to high. Try selling a dealer a 116500 or Pepsi now and you will see where the new “buy” price is lol
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31 March 2020, 11:49 AM | #137 |
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31 March 2020, 11:52 AM | #138 |
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31 March 2020, 12:00 PM | #139 |
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greys will not make a sudden drop in prices. price drops will start with the end users who will start to think, at this current situation, cash is better than having multiple watches. people will start to liquidate some of their watches for cash. and the more people decide to do that, supply will also increase in the secondary market. and you'll be able to buy pre owned watches at good prices, esp those being sold above retail prices
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31 March 2020, 12:16 PM | #140 |
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I'll bet a large number of REALLY good fakes will come out of the woodwork being sold by people "desperate not to lose their homes."
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31 March 2020, 12:22 PM | #141 |
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Be patient ... wait a few months.
This recession just started, people are not feeling it yet. It will turn into a depression. Then you will see cheap deals. Imagine a guy will 3 houses. Their renters can't pay rent. He can't pay mortgage for a few months. His business is shut down, no income / no work. Things are not desperate yet. Just wait and see. Cash is king. Smart people already made a bunch from the stock market last week. Ready to buy when the time is right. |
31 March 2020, 12:24 PM | #142 |
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Hot Rolex models won’t drop in price , ppl dreaming! Although a nice dream,
The last financial crisis and everything was fine, what goes down comes back up, |
31 March 2020, 12:28 PM | #143 | |
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Secondly, I have the justifiable opinion that this is not a blip in the market, I live and travel extensively overseas and communicate with a number of friends in other countries. The evidence is that the luxury market in the countries driving the inflation in prices (the US is just a side player in this) is taking a dive, particularly in SE Asia. Luxury goods are not selling and the market is becoming saturated with used products as people liquidate. Watches will be next. And in relation to the US situation, where exactly am I wrong. Are you saying the US has an integrated well supplied health system that offers high quality care to everyone at risk including the homeless and destitute? (like Germany, UK or France). That the US does not have a significant problem with poverty and homelessness that could become significant pockets of infection and contagiosity? (think Los Angeles, SF or Seattle?) or that the US is not fast becoming the epicentre of the SAR-Covid-19 with exponential infections and a mortality rate conservatively estimated to reach over 200,000? While I can understand that you my feel my post is an attack on the US and come to its defence, facts are facts. This is not a micro issue, buyer psychology will change to frugality after this and luxury goods like watches will take a big hit as the debt levels of individuals, businesses and the state are exposed and paper wealth destroyed. when financial survival is the new norm a watch is going to be the least of our desires. |
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31 March 2020, 12:29 PM | #144 |
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I guess than when "reality" hits some or most sellers (it certainly won't hit all in the same way), it will also hit some or most buyers... Unless you had the cash to buy a watch stashed away in your socks before CoViD, I doubt anybody would cash out stock or bonds or whatever right now, or in a few months for that matter, to buy a watch. People here talk as if their purchasing power will stay the same.
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31 March 2020, 12:32 PM | #145 |
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31 March 2020, 12:32 PM | #146 |
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I’m not surprised. I think that the Daytona C is the last piece anybody would discount. It is the one model where supply does not meet demand naturally. Historically the SS Daytona has always been the hardest piece to obtain. Even Rolex won’t amp up production on the Daytona because that’s their grail piece and they know it.
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31 March 2020, 12:51 PM | #147 |
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Ok guy, just to clarify
I worded my offer in a “just out of interest” way I was just testing the waters to see where things are at, and reporting my findings for your information....
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31 March 2020, 01:05 PM | #148 |
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31 March 2020, 01:07 PM | #149 |
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31 March 2020, 01:11 PM | #150 |
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just a matter of time
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