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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#31 | |
Banned
Join Date: Oct 2018
Location: US
Posts: 1,411
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Quote:
Sent from my SM-G925V using Tapatalk |
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#32 |
"TRF" Member
Join Date: Oct 2018
Location: /
Posts: 1,735
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This fresh watch market analysis has probably been posted already somewhere in the general section but I think it's quite an interesting read even though they might be bias:
https://www.watchpro.com/the-big-int...-online-sales/ |
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#33 |
Banned
Join Date: Dec 2014
Location: NYC
Posts: 281
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I don't view Chrono24 as a true grey - it's a bunch of randos. Their prices have always been ridiculous and above market because they see other watches listed high.
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#34 |
Banned
Join Date: Apr 2014
Real Name: Matt
Location: UK / EU & Canada
Watch: Sub 114060
Posts: 1,349
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#35 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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Ok so they accepted 19k
Wonder if they would have gone lower
__________________
We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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#36 |
"TRF" Member
Join Date: Oct 2019
Location: Zurich
Posts: 232
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Probably. If not today, then tomorrow.
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#37 | |
"TRF" Member
Join Date: Oct 2017
Real Name: Eric
Location: San Diego
Watch: Audemars Piguet
Posts: 1,547
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Quote:
That's why you always start lower and negotiate UP. But at least you got what you wanted!
__________________
Instagram: @rough.af |
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#38 |
"TRF" Member
Join Date: Jun 2017
Location: Odorious Onion
Watch: yes, it's hipster
Posts: 1,587
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Asking sellers to bid against themselves without making an offer first is a pretty safe way to get on their bad side early.
$19K is fair. Glad it worked out and congrats on the new piece.
__________________
Here come dat boi Jerry |
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#39 |
"TRF" Member
Join Date: Dec 2018
Location: London/Dubai
Posts: 713
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Tell him to stick it where the sun dont shine.
Give it a month or 3, they will drop |
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#40 |
"TRF" Member
Join Date: Mar 2020
Location: USA
Posts: 68
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I find it rather odd that members of the Rolex Forum are hoping for a crash and for Grey and private sellers to be affected negatively by the current events. Yet, you all are looking to purchase when that does happen.
How about we hope everyone is doing well and quick recovery from this disaster? |
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#41 |
"TRF" Member
Join Date: Jun 2016
Location: Global
Watch: 116719
Posts: 481
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#42 |
"TRF" Member
Join Date: Feb 2018
Real Name: Jason
Location: Vancouver, BC
Watch: 114060
Posts: 319
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I had enquired about a SS/WG Skydweller Blue dial not long ago, the offer came in really high, more than double MSRP, so I turned down the offer.
The dealer just came back today with a lower offer, still extremely high in my opinion but I guess things will start to change slowly. Will it collapse? I doubt it, but we could expect to see some softening in Greys' pricing. The listed prices may still be the same, but there may be room for negotiations. |
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#43 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,984
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Supply chains are down right now so no new product. I see the prices softening at some point but only because owners will be selling creating abundant supply of used watches. Plus. I see the overall watch market softening from here. This cycle is running its course. It was overhyped and when that happens it eventually burns its self out. But their will always be a market for the used stuff so re-sellers will do fine if they buy right to maintain a sufficient margin to stay in business.
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#44 | |
"TRF" Member
Join Date: Dec 2016
Real Name: Andy
Location: England
Watch: with confusion
Posts: 626
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Quote:
If the OP was in the UK I would snap his hand off for that offer -and would indeed take considerably less. |
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#45 |
Banned
Join Date: Feb 2015
Location: Pittsburgh, PA
Posts: 130
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#46 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
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#47 |
"TRF" Member
Join Date: Oct 2019
Location: UK
Posts: 106
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#48 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
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As an owner and planning to make future purchases I could not care less about the resale of my pieces. I bought them because I love the watch and plan to hand them down. So it makes no difference to me and I am sure many others.
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#49 | |
"TRF" Member
Join Date: Oct 2019
Location: UK
Posts: 106
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Quote:
Isn’t that ungentlemanly I feel he is overpaying but I’d rather be true to my word |
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#50 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jun 2013
Location: NYC
Posts: 336
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Quote:
There's also the fact that once prices start to fall it can become a race to the bottom. Smart economics says no seller should lower their price but in challenging market conditions some sellers don't have that option. I suspect that while the temptation is there to drop prices to move inventory no one wants to make the first move. I don't remember clearly but I don't believe we saw massive fire sales in 2008 when the financial markets crashed. While this current situation may eclipse that I suspect that it will still take some time before the prices materially change more broadly. |
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#51 |
2024 Pledge Member
Join Date: Jan 2013
Location: NWA, USA
Watch: BLRO/Daytona/OP41s
Posts: 5,159
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Same. When I've sold a few watches in the past a "what's your lowest price" is given no response. If you really want it YOU need to make an offer.
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#52 |
Banned
Join Date: Jun 2015
Location: In Motion
Watch: my wrist presence
Posts: 7,436
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#53 |
"TRF" Member
Join Date: Dec 2016
Location: USA
Posts: 645
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#54 |
"TRF" Member
Join Date: Dec 2013
Location: NYC
Posts: 332
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__________________
THERE IS NO SUBSTITUTE |
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#55 | |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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Quote:
Why can’t we hope for both? Why does one have to mean the other? The grey market crashing most likely will mean that our hobby is back in our favor and we can stop seeing these investment threads pop up every 2hrs. We can still wish everyone well and good health ![]() |
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#56 |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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#57 |
"TRF" Member
Join Date: Nov 2017
Location: Wild Wild West
Watch: Watching
Posts: 1,755
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So people are still willing to pay a premium for Rolex watches (edited...congrats!).
With most ADs and other brick and mortars closed, it's largely "the greys" left to... Buy low, because people are currently panic selling like you wouldn't believe. Any "grey" with liquidity is having a buying field day right now, enough even to subsidize some of their aged inventory. There are many, many variables at play here. It is not as simple as "how can they still be holding price?" Check trade values at Bob's, for example; it is a great time to be buying at wholesale. |
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#58 |
"TRF" Member
Join Date: Jan 2018
Location: Toronto
Watch: 126710BLNR
Posts: 217
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#59 |
Banned
Join Date: Aug 2019
Location: EU
Posts: 806
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LoL, it seems like the OP didn't intend to purchase the watch in the first place, and more likely just wanted to sense the market and see how much they are prepared to bargain ..
When I was selling some expensive stuff on eBay, there were more than a few buyers who made offers and then went mute, so nothing to worry about here .. I can see some of the greys panicking already as I have received more than one message from the greys asking me if I was still interested in that BLRO that I have expressed my interest in, even before the New Year eve .. So, judging by that, they literally have zero new buyers with the current prices but they are willing to negotiate now .. |
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#60 |
2024 Pledge Member
Join Date: Mar 2015
Location: USA
Watch: Rolex/AP/PP/ALS
Posts: 5,995
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It's too early to ask for discount, wait another month and check their price again.
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