![]() |
ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
![]() |
#31 |
"TRF" Member
Join Date: Apr 2015
Location: .
Posts: 352
|
The reason for the high margin at grey dealers is to compensate for low sales volume, their sales have dropped and they can not retain their business/ life style with 10 - 15% margin as they used to and so their margins are now 25 - 30%.
The question would be how long they can last will depend on their liquidity and market forces, but my guess would be that by end of the year prices will drop further as Rolex is increasing production and the hype keeps cooling off |
![]() |
![]() |
![]() |
#32 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,580
|
Quote:
|
|
![]() |
![]() |
![]() |
#33 |
"TRF" Member
Join Date: Nov 2019
Real Name: marco
Location: UK
Watch: Quite a few now!
Posts: 1,290
|
The grey dealers are rammed full with stock cause hardly anyone is buying, but they stubbornly still won't lower their prices! It's a shit show!
Sent from my SM-G991B using Tapatalk |
![]() |
![]() |
![]() |
#34 |
"TRF" Member
Join Date: Jul 2022
Location: Milky Way
Posts: 181
|
|
![]() |
![]() |
![]() |
#35 | |
"TRF" Member
Join Date: Apr 2015
Location: .
Posts: 352
|
Quote:
Pre covid, the market had momentum as Rolex availability issues started in 2016 - 2017, margins were around 10 to 15% depending on model. |
|
![]() |
![]() |
![]() |
#36 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 41,585
|
Whatever one believes is their own business.
Price is set by the marketplace - a Rolex is only worth the amount that an able and willing buyer pays. If nobody had the finances, either credit or cash, (purely hypothetically) the authorized retail channel would cut their normal profit margin until they reach the level that an able and willing buyer would pay. We have seen those days in the past and I regret the financial crisis that might bring us to that point again. But cycles do repeat... Sent from my iPhone using Tapatalk Pro
__________________
Does anyone really know what time it is? |
![]() |
![]() |
![]() |
#37 | |
2024 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,580
|
Quote:
if we're talking about retail to greys to retail then you would always get lowballed by selling to greys who sold to end users on their own websites/platforms and those margins were always pretty high. even during the peak when a pepsi would go for 22k you'd only be offered like 18 for it. nothing new there |
|
![]() |
![]() |
![]() |
#38 | |
"TRF" Member
Join Date: Jul 2022
Location: Milky Way
Posts: 181
|
Quote:
|
|
![]() |
![]() |
![]() |
#39 |
"TRF" Member
Join Date: Jan 2022
Location: Asia
Posts: 455
|
I wouldn’t put in $16k for a $500 profit in a falling market.
|
![]() |
![]() |
![]() |
#40 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jun 2017
Location: USA
Posts: 749
|
Normally I would say just go through the AD and not go grey but every time I go into an AD now and just get the bs run around, I'm slowly starting to be a grey only guy.
Are the prices inflated? Yes. Can you get any watch you want at any given time? Yes. Not sure about everyone else but I'm starting to get exhausted with ADs. |
![]() |
![]() |
![]() |
#41 |
"TRF" Member
Join Date: Nov 2019
Real Name: Vincent
Location: 215
Watch: SS Sub
Posts: 2,205
|
it's going back up soon
|
![]() |
![]() |
![]() |
#42 |
2024 Pledge Member
Join Date: Dec 2021
Location: ct
Posts: 30
|
I agree, I bought grey last week. It’s worth the extra 1500 bucks to me cause I’m years out on SS which is all I wear. I don’t see why paying grey premium matters, yes the market goes up and down, so don’t sell low. I’ll leave my name on the list and either eventually get a watch at msrp and keep it flip it and get back some of the premium I’ve paid. Sent from my iPhone using Tapatalk |
![]() |
![]() |
![]() |
#43 |
Banned
Join Date: Oct 2023
Location: UK
Watch: GP Laureato
Posts: 297
|
|
![]() |
![]() |
![]() |
#44 |
"TRF" Member
Join Date: Jun 2023
Location: Ohio
Posts: 201
|
If something is listed high is it insulting to offer msrp plus sales tax (that I would pay) plus a few hundred extra?
Sent from my iPhone using Tapatalk |
![]() |
![]() |
![]() |
#45 | |
"TRF" Member
Join Date: Sep 2015
Location: Boston
Posts: 242
|
Quote:
2. "Brand new" and "unworn" have become corrupted terms unfortuately. And essentially unverifiable by us retail customers of the secondary market. Stickers can be applied. Items can be polished. The mere existence of the term "slider" in an of itself tells us that things may not be what they seem. |
|
![]() |
![]() |
![]() |
#46 |
"TRF" Member
Join Date: Nov 2011
Location: Paris
Posts: 3,575
|
Simple question:
I see multiple Rolex Explorers 16570s white dials for sale at around 7850 usd. If there are 100 of these sitting and not selling after weeks/months, why aren't the prices pushed down until people do start buying them? |
![]() |
![]() |
![]() |
#47 |
"TRF" Member
Join Date: Jun 2023
Location: Ohio
Posts: 201
|
Denial same thing tends to happen in the housing market. Sellers holding on to the past.
|
![]() |
![]() |
![]() |
#48 |
"TRF" Member
Join Date: Dec 2017
Location: Michigan, US
Posts: 345
|
It's a luxury good, there is little intrinsic value in what we're buying. If your heart wants it and you feel like it's a fair price, pay it.
Just because Rolex says a watch is worth "X" amount does not mean that's what is worth to you. |
![]() |
![]() |
![]() |
#49 |
"TRF" Member
Join Date: Dec 2016
Location: SF
Posts: 32
|
Rammed full of Daytonas
|
![]() |
![]() |
![]() |
#50 |
"TRF" Member
Join Date: May 2020
Location: Sector 001
Posts: 375
|
I would never buy from a grey dealer it does not matter how bad I want it.
Things will change eventually, in the meantime I will go without or buy something else. |
![]() |
![]() |
![]() |
#51 |
"TRF" Member
Join Date: Apr 2020
Location: Orange County
Posts: 1,801
|
I don’t like buying grey either. But curious why you’re so adamant in not doing so?
__________________
AP 15500ST (Silver) // ♛ Rolex 126334 (Blue Roman, Fluted, Jubilee) // Ω Moonswatch (Mission to Pluto) // G-Shock GA2100-1A1 |
![]() |
![]() |
![]() |
#52 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Joe
Location: Los Angeles
Watch: Daytona + GMT BLNR
Posts: 4,746
|
Back to the good old days? 2014 sourced my new BLNR from DSW for less than retail and no tax. Was able to build a decent collection with him and a few AD pieces. No funny business. While things have slowed a bit, still more customers than watches at the AD’s around here.
|
![]() |
![]() |
![]() |
#53 |
"TRF" Member
Join Date: Aug 2020
Location: Earth
Posts: 370
|
Most of the watches that I picked up from the gray Market have been within the past 3 to 6 months on the warranty card. And a few even closer than that to the date that I purchased it so if it's a somebody walks out of the authorized dealer with the watch they just purchased call the gray Market and sell it within a week or two or even a month i still consider that close to being brand new and in a lot of cases people will walk out of the authorized dealer perhaps wearing the watch out of the authorized dealer but that's not much different than trying one on in the store and then they will turn around and sell it because that's why they bought it to make money off of it so at that point I guess you have to pick and choose ask the gray what's the warranty card what date is on it is it considered unworn does it still have stickers I bought a lot of them through the gray Market that have been fully stickered that's less likely nowadays though but I did in the past it was really fun to take those stickers off when I got this watch. Bottom line either the AD sold the watch to a legit customer who resold or the AD would sell the watch out the back door, fully stickered with the warrenty card dated or in some rare cases with open card, ie not made out to anyone nor having the warranty active. After 5 years it doesn't matter anyway.
|
![]() |
![]() |
![]() |
#54 |
"TRF" Member
Join Date: Aug 2020
Location: Earth
Posts: 370
|
|
![]() |
![]() |
![]() |
#55 |
2024 Pledge Member
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,402
|
I have bought models from other brands from greys at significantly below MSRP. I am grateful to people who refuse to go this route because it assists me in getting the best prices. My AD is intelligent when it comes to this, they offer competitive discounts on models that sell new at under MSRP.
|
![]() |
![]() |
![]() |
#56 |
"TRF" Member
Join Date: Sep 2017
Location: Southeast
Watch: 214270
Posts: 2,679
|
Some people think being on waitlists for years and spending time dropping in to keep the relationship alive is foolish
__________________
Never place your happiness on something you have or can physically acquire |
![]() |
![]() |
![]() |
#57 |
"TRF" Member
Join Date: Sep 2012
Location: USA
Watch: Lots
Posts: 4,490
|
Right… I agree with those people as well. I don’t participate in that practice either, but thanks.
__________________
DSSD is the king of all Rolex |
![]() |
![]() |
![]() |
#58 |
"TRF" Member
Join Date: Aug 2021
Location: Texas
Posts: 3
|
Japan
|
![]() |
![]() |
![]() |
#59 |
"TRF" Member
Join Date: Nov 2023
Location: Singapore
Posts: 14
|
A $1500 premium on a Sub is actually not bad compared to what you'll need to spend at an AD with the “hope” of getting allocated. Imagine building a purchase history and your SA leaves and you get pushed further down the line. You also need to take into account that every year that goes by, the cost of a Sub from the AD will increase in price. The grey premium is nothing. Buy today, enjoy and you’ll never even think of the small
premium you paid. If you get allocated another by the AD, sell the one you purchased at grey and you’ll still be infront. |
![]() |
![]() |
![]() |
#60 | |
"TRF" Member
Join Date: Dec 2019
Location: Boston
Posts: 1,319
|
Quote:
Will it happen with high demand watches? You will only know if a dealer takes what less than the list price that you offer. Every seller will be in a different situation. Ignore the list price as a real indicator of sale price. |
|
![]() |
![]() |
![]() |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.