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#511 |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 593
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126610lv just sold for 15.7k on MODA. Timberrr
Sent from my iPhone using Tapatalk |
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#512 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,238
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Quote:
How about ask prices on rose gold VC overseas?
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#513 |
"TRF" Member
Join Date: Apr 2021
Location: USA
Watch: Sub 41 Date
Posts: 186
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#514 | |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 593
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Quote:
Not sure what the hold up with DavidSW is? I guess he’ll rather let them collect dust before he sells at a loss? Sent from my iPhone using Tapatalk |
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#515 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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Which is fantastic. Once big greys can only offer retail (or less) on a watch, the flippability is completely gone, even for the most small fry of flippers who would utilize hours and hours of their time for a mere $500-$1000 profit. We’re getting close to a much bigger fall in my opinion. We’ll see though!
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#516 | |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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Quote:
They’ve got cash on reserve and hoping/praying that this is temporary for a few months. Which it very well could be, however I doubt it. At some point they’ll have to liquidate and minimize losses if it continues. Their current offers on watches (and non-offers on some model period) says all you need though…..they’re preparing for a further downtrend. Again, my 2c, but it’s pretty obvious |
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#517 |
"TRF" Member
Join Date: May 2020
Real Name: Screwly
Location: USA
Watch: “Pepsi”
Posts: 2,369
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That’s what I want too.
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IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial |
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#518 | |
"TRF" Member
Join Date: Jan 2016
Location: HND/SEA/CDG/AMS
Watch: Clock on my A330
Posts: 765
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Quote:
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Rolex stories you won't find anywhere else: https://coron.et |
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#519 |
"TRF" Member
Join Date: May 2012
Location: Los Angeles
Posts: 44
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26420IO just sold for under retail.
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116710LN, 116610LV, 116503, 114300, 26238ST, 26424BC, 26420CE, 26240ST |
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#520 |
"TRF" Member
Join Date: Feb 2019
Location: NYC
Posts: 447
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Richemont's latest financials showed -37% YOY for China, -12% YOY in June even after the lockdowns ended. No sales surge, no pent up demand, no revenge shopping and they predict China will continue to under perform for the rest of the year. China is not coming back, it is not going to save the market when it "reopens".
Even worse, the US market was the strongest market so even with the price drops we've already seen, demand here is strong relative to global markets. Strong market and strong currency, I expect we'll see more supply come into the US from other markets and more price pressure. |
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#521 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,059
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Many hype watches didn't sell at yesterday's Antiquorum auction--things like vintage Royal Oak Jumbos, etc. The Langes and FPJs also seemed weak.
https://catalog.antiquorum.swiss/en/...july_2022/lots |
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#522 | |
"TRF" Member
Join Date: Apr 2019
Location: Australia
Posts: 219
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Quote:
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#523 | |
"TRF" Member
Join Date: Apr 2021
Location: USA
Watch: Sub 41 Date
Posts: 186
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Quote:
There's a bit of a tell on his pages when you sort by Date. Using SS Subs/GMTs as an example, it was as recent as March or April where his site still had lots of watches listed with warranty dates no older than a month or three earlier, presumably because they were bought and flipped in short order. Now if you look at his selection on current models where a date is provided: 124060: June 2021 126610LN: April 2021 126610LV: September 2021 126710BLNR: October 2021 126710BLNR: December 2021 126710BLRO: June 2018 126710BLRO: March 2022 126710BLRO: July 2021 126710BLRO: September 2018 Notice a pattern here? Besides the one watch from March of this year, when the market was still at an all time high, these models are all from 2021 or before! The sale of new models in that span is conspicuously absent from DavidSW, so he's either not making offers for them or the flipping of them from ADs to him has become unprofitable because of the offers he's putting out there. He doesn't list when he acquired the watches above, but presumably they are from end users as I imagine most flippers aren't holding on to pieces for months/years. This was not the case as of six months ago! There were plenty of watches with dates that weren't but a month or two old, presumably when there was still much profit to be made in flipping them |
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#524 |
"TRF" Member
Join Date: May 2016
Location: atlanta
Posts: 159
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I just can’t stop laughing at his BLRO for $34k. A BNIB one is about to sell on Moda (auction) for $19k.
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#525 |
"TRF" Member
Join Date: Dec 2018
Location: Boston
Watch: 16610LV
Posts: 1,051
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Some TRF trusted sellers have to be holding out for people who have never heard of any dealers but them, hoping they will just buy at their price without checking elsewhere. The delta between them and what even big dealers like EWC are asking is laughable at this point.
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#526 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Apr 2019
Real Name: Brad
Location: Purdue
Watch: Daytona
Posts: 9,238
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Quote:
Maybe it's a 2 pack ![]()
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#527 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,059
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Someone got a great deal on that WG Patek 5146 for only $27k.
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#528 | |
"TRF" Member
Join Date: May 2021
Location: USA
Watch: Rolex and Patek
Posts: 1,027
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Quote:
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#529 |
"TRF" Member
Join Date: Jan 2013
Location: USA
Posts: 1,059
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Moda is also a wholesale group so most buyers don't have access to that kind of pricing.
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#530 |
"TRF" Member
Join Date: Apr 2020
Location: N/A
Posts: 471
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#531 |
"TRF" Member
Join Date: May 2022
Real Name: John
Location: Houston
Posts: 191
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Anyone.
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Tired of lying in the sunshine, staying home to watch the rain You are young and life is long, and there is time to kill today And then one day you find ten years have got behind you No one told you when to run, you missed the starting gun |
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#532 |
"TRF" Member
Join Date: May 2022
Location: DFW
Posts: 169
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#533 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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SD43, watch only, $13.3k
Cheaper than MSRP + tax |
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#534 | |
"TRF" Member
Join Date: Oct 2019
Location: New york
Posts: 593
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Quote:
Wow great work. That’s pretty telling to me… I mean it’s already pretty obvious Sent from my iPhone using Tapatalk |
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#535 |
"TRF" Member
Join Date: Nov 2019
Location: USA
Watch: Submariner
Posts: 167
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#536 | |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Aug 2015
Location: FL
Posts: 431
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Quote:
I like David & the staff I've met & expect they will survive just fine, even if they're forced to take some losses in the near term. They did fine before everything went nuts & should have a decent cash hoard from the increased margins. |
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#537 |
Banned
Join Date: Dec 2017
Real Name: xyz
Location: xyz
Watch: xyz
Posts: 585
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#538 |
"TRF" Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 5,912
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#539 | |
"TRF" Member
Join Date: Jan 2021
Location: Australia
Watch: Panerai PAM687
Posts: 762
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Quote:
Daytona has historically always sold over retail The price is less telling that the drop
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If you cant afford the depreciation, you cant afford the purchase |
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#540 |
Banned
Join Date: Sep 2015
Location: everywhere
Posts: 849
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