ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
29 March 2020, 03:12 AM | #31 |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
I don’t see why they would. That would not make them any better than the people wishing financial harm on the greys.
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
29 March 2020, 03:13 AM | #32 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,313
|
Not getting your luxury watch at the price you want and then complaining about it’s not fair????? Talk about first world problems.
|
29 March 2020, 03:15 AM | #33 | |
2024 Pledge Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 6,078
|
Quote:
Even the Daytona has dropped |
|
29 March 2020, 03:16 AM | #34 | |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
|
Quote:
The longer the governement keeps the economy locked down the faster this will happen. |
|
29 March 2020, 03:16 AM | #35 |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Truth indeed.
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
29 March 2020, 03:17 AM | #36 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 76,847
|
|
29 March 2020, 03:18 AM | #37 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
29 March 2020, 03:19 AM | #38 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
|
Greys made their money by gouging on luxury items. Back door deals with AD's to create a shortage and drive up prices artifically. No tears will be shed for them. Its not a sustainable business model as we are about to see as they end up flooding the markets trying to liquidate faster than their counterparts. It will be a race to the bottom.
|
29 March 2020, 03:25 AM | #39 |
"TRF" Member
Join Date: Sep 2011
Location: new york
Watch: PAM111, BLNR
Posts: 242
|
Why does everyone think Rolex cares that their time pieces go for more money on the grey market? There is a reason why they have an MSRP. They get their money when the watch is sold to the AD, their job is done.
__________________
PAM 111 GMT II - 116710 BLNR |
29 March 2020, 03:25 AM | #40 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
|
Its not going to help them. They are a luxuy good. They will have the choice to sell their watches at whatever the market will purchase them at or go out of business. If we see times worse than the great depression like many speculate, then we also can speculate that you will be able to go into any Rolex AD and get a much better deal than 20% off MSRP. The sudden turn of the tide that raises all ships can also put them on the rocks. Rolex nor any other luxury brand will be immune to the fallout from this.
|
29 March 2020, 03:28 AM | #41 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
I’ll tell you what I’ll do. You source a picture for me of one of our trusted sellers, or any Grey dealer forcing a buyer to pay the premium prices at gunpoint or under threat and I’ll support your cause and belief system. How about it?
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
29 March 2020, 03:32 AM | #42 | |
"TRF" Member
Join Date: Jul 2019
Location: CA-USA
Posts: 258
|
Quote:
I know this is a Rolex forum, but let's remember that there is a substantial portion of the grey market that deals in new watches below MSRP already. Like you said, they only get business if they have better inventory or LOWER PRICES. We might lose a few grey dealers in this recession; but the ones with diversified inventory, low overhead, or access to capital will survive. |
|
29 March 2020, 03:34 AM | #43 | |
"TRF" Member
Join Date: Sep 2011
Location: new york
Watch: PAM111, BLNR
Posts: 242
|
Quote:
__________________
PAM 111 GMT II - 116710 BLNR |
|
29 March 2020, 03:34 AM | #44 | |
Banned
Join Date: Mar 2020
Location: Texas
Posts: 70
|
Quote:
To my fellow members, take my opinion if you want it and ignore it if you don't. Not here to debate or convince anyone that I'm right and you're wrong... Without further ado, This isn't rocket science. Members here are simply using deduction with the facts in front of them to come to a conclusion of GM prices crashing. 1. There has been an overwhelming number of Hulk & Pepsi "incomings" in the the last week. Dare I say more in the last week alone than the last year altogether. Even w/ a "lockdown", A.D.'s are still working the phones trying to move pieces. 2. Prices on ebay, chrono24, and forum marketplaces are going down along with the frequency of items being sold. 3. The millions of people filing for unemployment and other millions not going to work for god knows how long, they're not spending money on anything but the necessities for the next 6+ months, which is how long that it will take them to get out of 2+ months of back rent and credit card bills. (remember, HALF the families in this country can't afford a $500 emergency) This means that the actual customer who is buying a Rolex (many of them being small business owners) will need to wait for that clientele to return and spend money. Thus, drying up demand for a Rolex. 4. Once GM dealers tell AD's that they can't buy anymore b/c of stagnant inventory, do you really think the AD is just going to sit on their inventory while Rolex and other brands force inventory down their throats? Of course not... The A.D. will begin calling clients. Once that pool dries up, the watches will end up on the display floor. Once it stays on the floor for a certain period, the discounts start coming in. 5. With the availability at the A.D., G.M. will have to be competitive and thus the only thing they can offer is a cheaper price than the A.D. At the end of the day, this alliance between the GM and AD was a house of cards. A.D.'s mostly promised to never sell hot models to consumers so that the GM could flourish and eat up all slow moving inventory they needed to send to the GM in the SS Rolex and slower model bundle. (there's a reason why the entire display case is empty at some of these A.D.'s, where even all women's models are sold out). BTW, I wish no ill will on any GM dealers. I'm sure some of them are just fine and were never looking to gauge consumers and probably never wen't crazy purchasing up volatile inventory that could sink them. Those GM dealers will come out just fine. It's the hoarders that will take a bath, along with the casual consumer that bought one or two to flip. The flipper will have the hardest time breaking even. GM is will decline or offer below MSRP to the flipper as a trade in value. Private party selling to the consumer will be the same. He will have to sell @ MSRP or lower and eat any paypal, listing, and shipping fees. Also, with the quality of super fakes out there, along with all the people just on forums being scammed, I know I would never purchase from a private party. Most importantly, just remember that trends come and go folks. Brands can even have a cycles of hot & cold. There was a time that Piaget was worn by the "influencers" in a certain era but when was the last time you saw someone wearing Piaget out in the wild? Do people remember Mossimo, starter, champion? During the 90's, those brands were being sold in the mall. Then ended up on the racks at wal-mart and target. Recently some have returned back to the mall and disappeared again. I bring this point up to say that sometimes trends/brands quickly lose the spotlight after periods of societal struggle. A new trend emerges and our society moves on for a fresh start. |
|
29 March 2020, 03:35 AM | #45 | |
2024 Pledge Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 6,078
|
Quote:
|
|
29 March 2020, 03:38 AM | #46 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
29 March 2020, 03:39 AM | #47 |
"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,808
|
Cool Watch gets it. Good post.
|
29 March 2020, 03:40 AM | #48 | |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
|
Quote:
I never said greys or trusted sellers held anyone at gunpoint. The fact is greys and flippers artificially drove the market up by buying all the stock of a common item and created a false shortage causing an inflated market. As a buyer you had the choice to buy from the grey at 2x or wait for an AD. With the economy grinding to a hault, major job and business loss, and a GDP retraction of 12% !! You can expect the glut of buyers of any item at 2x the original MSRP to basically dry up over night. This is very very simple economics. If you bought any item at 2x msrp at this point, you are the person left standing in the game of musical chairs. Give this book a read. Thomas Sowell is one of my favorite authors. https://www.basicbooks.com/titles/th...9780465056842/ |
|
29 March 2020, 03:40 AM | #49 | |
2024 Pledge Member
Join Date: Feb 2017
Location: USA <> BKK
Posts: 6,078
|
Quote:
Three MILLION, not hundred thousand, MILLION new unemployment claims, business and cities still on lockdown, the virus growing exponentially. You think even if the virus completely disappeared this week, things would just pop back to normal? Not a chance. |
|
29 March 2020, 03:40 AM | #50 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
We never saw this level of hate for the greys back then. It’s sad to see now.
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
29 March 2020, 03:42 AM | #51 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
29 March 2020, 03:45 AM | #52 |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,257
|
Let’s all not forget that before virus the hype was steadily decreasing ...
|
29 March 2020, 03:46 AM | #53 | |
"TRF" Member
Join Date: Sep 2011
Location: new york
Watch: PAM111, BLNR
Posts: 242
|
Quote:
__________________
PAM 111 GMT II - 116710 BLNR |
|
29 March 2020, 03:46 AM | #54 |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
I agree with that. Also it appears supply was getting better from Rolex at least. All my AD friends were telling me that
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
29 March 2020, 04:32 AM | #55 |
"TRF" Member
Join Date: May 2017
Real Name: Alan
Location: Northern, CA
Watch: 116334
Posts: 2,215
|
Very interesting to read everyone's thoughts on the Rolex market and the plight of resellers. Seems everyone ignored what the brand itself may do. Once the economy returns to work, My guess is that Rolex will only supply top AD's in every market. This has the potential to push the number of AD's down as they will perform poorly and will potentially be dropped. Full cases are not the luxury brand style, that leads to discounting so it's doubtful that Rolex accelerates production. If there are bargains to be had, whether from the AD or the reseller, the time is probably right now. My guess is soon, the only inventory out there is at your reseller where there prices will begin to look good. My.02.
__________________
Rolex 116334 126600 228235 |
29 March 2020, 04:33 AM | #56 | |
"TRF" Member
Join Date: Mar 2020
Location: The South, USA
Posts: 979
|
Quote:
What I do have a level of hate for is the guy showing off how he has 10 BLROs and 7 white dial Daytonas and looks and acts like the worst kind of stereotypical used car dealer. I don't mind so much if he gets his a$$ handed to him. |
|
29 March 2020, 04:35 AM | #57 | |
2024 Pledge Member
Join Date: Aug 2014
Real Name: Francisco
Location: San Juan, PR
Watch: Is Ticking !
Posts: 25,060
|
Quote:
Sent from my iPhone using Tapatalk Pro
__________________
Francisco ♛ 16610 / 116264 Ω 168.022 / 2535.80.00 / 310.30.42.50.01.002 Zenith 02.480.405 2FA security enabled |
|
29 March 2020, 04:35 AM | #58 |
"TRF" Member
Join Date: Feb 2020
Location: Washington D.C.
Watch: all of them
Posts: 1,259
|
I agree with this. What you have is a temporary (whether weeks or months, it's still temporary) event essentially freezing segments of the economy. While we are feeling this event much more in our everyday lives than the 2008 financial crisis, it is arguably less impactful long term. The jobs that are being frozen will be in extremely high demand once the crisis is over.
|
29 March 2020, 04:36 AM | #59 | |
"TRF" Member
Join Date: Mar 2020
Location: The South, USA
Posts: 979
|
Quote:
The AD's that have shelled out to remodel their stores or opened new ones to Rolex's high standards will also want to move metal, even at a discount. |
|
29 March 2020, 04:46 AM | #60 | ||
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
|
Quote:
Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
||
Currently Active Users Viewing This Thread: 4 (0 members and 4 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.