Insanity in the marketplace....

[WEST HAM ROLEX]

Would it make sense for Rolex to put there prices up on certain models.
I mean by 30%

[mykii]

Originally Posted by WEST HAM ROLEX

Would it make sense for Rolex to put there prices up on certain models.
I mean by 30%

Yes. And the hype would remain too.

Personally I think they should go up $5/6k.

[Fleetlord]

Originally Posted by JRell

Here is what I can’t understand. Who is the target audience for a 25-30k SS watch? You would think if you have that deep of pockets, you would not even be interested in a SS watch. Why not Patek/AP/full gold? Also - is you are that much of a VIP, why can’t you just call an AD up, get a referral, use your connections. I get people wanting to make money, but the target audience is a mystery to me.

The AD route might still take too long..even if it’s another few weeks.

This is available right now. Quick and easy. Instagram ready!

[JRell]

Originally Posted by Posh Gentleman

No point trying to understand something that has no logic.

I can buy a $30-40k watch If I really wanted. However, that's quite a lot for a watch and I sure as hell wouldn't drop that kind of money on a SS Rolex Sub with a green bezel. lol

Agree. I have been tempted with the all gold GMT/Sub/Day-date, but to think with almost the same money I would have a SS watch on my arm is nauseating to think about!

[Gary.]

Originally Posted by samuel019

Never thought in all my life of watch collecting with Rolex I would see a premium on a Oyster Perpetual. Wow....

The Sub is on a whole other level of madness.

I just wish all these people/things that ruined our hobby the last 3-4 years would go back to doing whatever they were doing.

We've always had Greys and thats is perfectly fine but they have NOT always operated there business model like this. Just wow....

Yep.

[Posh Gentleman]

Originally Posted by JRell

Agree. I have been tempted with the all gold GMT/Sub/Day-date, but to think with almost the same money I would have a SS watch on my arm is nauseating to think about!

Haha.. but but but that new SS Sub has the green bezel!! It makes me feel strong like a Hulk!!

[Gary.]

Originally Posted by Fleetlord

Instagram ready!

[Gary.]

I haven't worn my Hulk since this crap started. Feels like a "Come and mug me! I have 20k here!" sign.

[Posh Gentleman]

Originally Posted by Gary.

I haven't worn my Hulk since this crap started. Feels like a "Come and mug me! I have 20k here!" sign.

don't think so, because no sane person would ever suspect your green Sub to be worth $20k.

[Toproll85]

Originally Posted by Gary.

I haven't worn my Hulk since this crap started. Feels like a "Come and mug me! I have 20k here!" sign.

I don't care, it's just a watch. I put on my Hulk 2 days ago to go with the kids to a day of swimming, baths and slides.
You have to stop worrying guys !!!

[JRell]

Originally Posted by Posh Gentleman

don't think so, because no sane person would ever suspect your green Sub to be worth $20k.

Don’t you know? The green is a actually made of emerald.

[peterpl]

Insanity all right. EVERY DAMN model is sooo expensive.

Have you seen asking prices for all the gold pieces now? WTF is going on. Increases by the week.

[Onikage]

I predicted an end to this ages ago. I was totally woefully wrong. I'm battening down the hatches now. Me and my GMT and YM. We're quite happy.

[2nastie]

Originally Posted by TheVTCGuy

Here is the bottom line. David is a business man. Although I have never had any dealings with him I have heard nothing but positive comments that he is a professional, reliable and has complete integrity. I would have no issues making some kind of financial transaction with him (buy or sell).

He is entitled to try and make the most profit, i.e. get the most for an item he is selling, whether it is a Rolex Submariner or a can of Tunafish.

If his price is too high, he will have to lower it to sell it, simple. Personally, I believe there are people out there willing to pay that much for a hard to get item, if they are, more power to them. Everyone else has absolutely zero say on how an individual LEGALLY spends their own money.

If you are aghast at the listed price on David’s website, so be it. If you feel it is ridiculously high, so be it. No one is forcing you to buy it or even look at his offerings. My advice would be to make him an offer, see where that goes. But expressing hate on David, or any seller for posting a high price on a new, highly sought after and difficult to acquire item, whether its a Rolex or a can of Tuna, is completely unwarranted and lacks any class.

+1

...

On the value side, whether its Davidsw or not and he probably did some market research on what he can get or ask for on the watch... if transactions are actually happening at these values, I would say people are insane to pay a SS Daytona's value for Sub. Daytona seems like a bargain grey value to grey value

[mykii]

Originally Posted by 2nastie

+1

...

On the value side, whether its Davidsw or not and he probably did some market research on what he can get or ask for on the watch... if transactions are actually happening at these values, I would say people are insane to pay a SS Daytona's value for Sub. Daytona seems like a bargain grey value to grey value

Not everyone wants a Daytona, which is arguably the OG hype watch. If it were me, I’d opt for a PM model, and even then I think I’d reach for something else first (FP, Patek, Breguet etc. if I were dropping that coin).

Now that I think about it, I’d take a PM Sub over a PM Daytona probably too.

[2nastie]

Originally Posted by mykii

Not everyone wants a Daytona, which is arguably the OG hype watch. If it were me, I’d opt for a PM model, and even then I think I’d reach for something else first (FP, Patek, Breguet etc. if I were dropping that coin).

Now that I think about it, I’d take a PM Sub over a PM Daytona probably too.

This wan't comparing an individuals watch preference or material preference (once you start doing that for sure... there is a lot of things to compare or choose from)... but if we used Rolex SS sport watches as unit of measurement, the Daytona's value sits higher than that of Sub. That's a fact. If people actually pay this new Sub value... it's pretty insane.

... well up until the point it actually becomes a norm.

[BillA]

Originally Posted by MasonDixon

We have multiple members here who just had ADs refuse to sell them an Oyster Perpetual. How does one become a VIP when you can't even buy an Oyster Perpetual unless you're already a VIP?

Did I miss something in the posts? Refuse to sell or just do not have the watch in stock to sell?

[MasonDixon]

Originally Posted by BillA

Did I miss something in the posts? Refuse to sell or just do not have the watch in stock to sell?

It was in another thread. One member was told that any OP41 that comes in would be going to existing clients and they wouldn't put him on the list. Another member was told that he can't buy an OP41 unless he "establishes a relationship" first.

[fl161]

Originally Posted by TheVTCGuy

Here is the bottom line. David is a business man. Although I have never had any dealings with him I have heard nothing but positive comments that he is a professional, reliable and has complete integrity. I would have no issues making some kind of financial transaction with him (buy or sell).

He is entitled to try and make the most profit, i.e. get the most for an item he is selling, whether it is a Rolex Submariner or a can of Tunafish.

If his price is too high, he will have to lower it to sell it, simple. Personally, I believe there are people out there willing to pay that much for a hard to get item, if they are, more power to them. Everyone else has absolutely zero say on how an individual LEGALLY spends their own money.

If you are aghast at the listed price on David’s website, so be it. If you feel it is ridiculously high, so be it. No one is forcing you to buy it or even look at his offerings. My advice would be to make him an offer, see where that goes. But expressing hate on David, or any seller for posting a high price on a new, highly sought after and difficult to acquire item, whether its a Rolex or a can of Tuna, is completely unwarranted and lacks any class.

Very well said!

[TimeBoxed]

I have thoroughly read through each and every post on this thread as I have nothing better to do under stage 4 restrictions here in Melbourne, Australia.

Great points from all involved and interesting to see what others perspectives are.

I was fortunate enough to come across my first and only Rolex at the airport AD in Abu Dhabi in 2018, which was a 126660 DSSD. I have come to terms with the fact that this may be my one and only Rolex, which is fine.

I agree with what a lot on this forum have said - it's us (the consumers) who are paying the ridiculous premiums for these watches with grey dealers and further fueling the price increase. I think somebody will take the bait and purchase this timepiece from DavidSW.

At the end of the day, business is business. If DavidSW believes (given the current market conditions) he can turn a quick marginal profit, then why not. I am sure if I was in his position, I would be doing the same. People will always pay for convenience. There are plenty of individuals out there who are wired differently, which is what makes the world go round.

Personally, I myself cannot justify paying anything over msrp (especially the ridiculous asking price for this particular Rolex model), which is why I have begun to look at other brands (in particular Omega and IWC).

I have come to accept that it's just the way the cookie crumbles.

[drfrankenstein]

Originally Posted by noshake

Well this thread certainly has been entertaining. Pro Flipper vs Anti Flipper, AD vs Grey, Capitalist vs Opportunist. I think it all boils down to equal purchasing access. When a reseller has access to merchandise that is perceived to be unobtainable by the masses for some it doesn't pass the sniff test and it's viewed as a scam, rigged system, or process. However the same grey market helps to maintain/increase the value of Rolex timepieces. It will be interesting to see how this all plays out.



Sent from my SM-N960U using Tapatalk

^ agree 100%

Nothing wrong with making money but Rolex SS Sport Watches are not a free market economy

[bpowell71]

All, the way I see it is you can get on a mythical list at an AD, and BTW they tell you buying 50k of jewelry will help your position to buy a 9k watch. Or you pay on your own terms and spend 27k and save yourself 23K. I'm sure this may not be everyone's experience but it was mine even when I started asking for hard to find pieces. So what do I do now...go straight to DavidSW and its delivered without having to play games.

[JRell]

Originally Posted by bpowell71

All, the way I see it is you can get on a mythical list at an AD, and BTW they tell you buying 50k of jewelry will help your position to buy a 9k watch. Or you pay on your own terms and spend 27k and save yourself 23K. I'm sure this may not be everyone's experience but it was mine even when I started asking for hard to find pieces. So what do I do now...go straight to DavidSW and its delivered without having to play games.

50k of jewelry! You might want to get a new AD. Mine appreciates a few pieces here or there, but I also buy all my watches through him. You made me remember to post about this. I always thought before I would buy a 9k watch for 29k, why not buy two watches to increase your odds, or the watch and a nice piece of jewelry. At least you get value out of it.

[mykii]

Originally Posted by bpowell71

All, the way I see it is you can get on a mythical list at an AD, and BTW they tell you buying 50k of jewelry will help your position to buy a 9k watch. Or you pay on your own terms and spend 27k and save yourself 23K. I'm sure this may not be everyone's experience but it was mine even when I started asking for hard to find pieces. So what do I do now...go straight to DavidSW and its delivered without having to play games.

And this is why the grey dealers are actually valuable. Everyone in this thread makes them seem like leeches. Well they’re not, they’re performing as a valuable market function.

[JRell]

Originally Posted by mykii

And this is why the grey dealers are actually valuable. Everyone in this thread makes them seem like leeches. Well they’re not, they’re performing as a valuable market function.

They are not leeches, but crazy to pay that much.

[Tavli3]

I don't think many here have ill will torwards David DSW. I think most if not every reasonable person realizes that he is a businessman doing business and does what every smart businessman does which is to sell at what the market will bear. Plain and simple.

I think what most have a problem with is the direct from the Rolex factory to the gray dealer market situation, it ain't suppose to be that way.
If it is, then Rolex should do away with ADs and sell direct online or to gray resellers only and let that be the market. Basically take on the Debeers model, sell your entire output to a few hand picked buyers who sell to their VIP dealers who then sell to the retailers who then sell to the public.

Either you have an authorized dealer network or you don't and right now Rolex doesn't, they have lost complete control. And its why David drives a Ferrari and God bless him, he is not the bad guy here for sure.

By the way paying over list for the new OP is a joke, paying 30K for the Cermit is shrewd financial maneuvering compared to that!

[brucethemanlee]

Originally Posted by hlippy4

https://davidsw.com/watches/rolex-wa...020-new-model/

cool!!!

can't wait to mine at msrp!!

[airchitect]

Originally Posted by TswaneNguni

Grey dealer gets stock before most ADs... Interesting .

My ad hasn’t seen the first yet. Said he had 20-25 wanting a Cermit, but that most of the calls were actually for the red OP41.

[JoseR]

It's who you know and have some cash. DW has a good connection and is in business to make money, it's called capitalism. I won't pay what he's asking for those watches, but there's many that will just to be one of the first to own one at any cost. I won't....but many will..

[zuckuss86]

For what it's worth...The new LV has been on the DSW site for a day and hasn't sold... and I couldn't help but noticed he bumped it higher in the New Arrivals section.

My point is maybe that may be the asking price, but the bid may be a bit lower.

I'll be wrong if it sells over the weekend.

My theory is similar to others...it will trade at a high premium because there's no supply but a lot of demand. I'm sure it will stabilize at a lower price.

Buy what you like above all though.