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#31 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Feb 2024
Location: Ellicott City, MD
Watch: 126600
Posts: 93
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As someone who just recently started learning from everyone here, I think I can reasonably guess why some would go CPO:
- They don't have access to much of the information on market prices that can be found here - They don't have knowledge of trusted sellers - Buying from an AD may lend a sense of legitimacy over grey to the uninitiated - The can walk into the AD, see all of the options, try on everything in front of them, pick their favorite, and walk out wearing it that day. - Wouldn't CPO purchases from "your AD" count towards "building up your spend"? I'll admit that it's these last two that have me tempted to peruse the CPO section... |
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#32 | |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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#33 |
"TRF" Member
Join Date: Mar 2019
Location: Atlantis
Posts: 1,448
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I think CPO will be a really great option if and when prices settle a bit. I don't see anything wrong with the program itself.
Yes, ADs are using "peace of mind" to mark-up some watches but that's just business. Don't like it, then don't pay it. People can always buy from a reputable secondary seller and send it to Rolex for a service if they want to be 100% certain. |
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#34 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
They are selling the blue Skydweller for $30k... https://www.tourneau.com/watches/rol...RX9735746.html Or a 16520 stainless Daytona for $33.5.... https://www.tourneau.com/watches/rol...RX9736276.html Expect to pay around 1/3 over "market price" for CPO, regardless of the model. Rolex CPO doesn't have exclusivity over "interesting pieces" as you say. There is nothing you can buy from CPO that you cant get elsewhere. They simply sell what is being traded in and they are taking customers for idiots for even contemplating paying these kind of prices. |
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#35 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
I think they are trying to sell at 2022 prices still, and then some. Have these ADs bought high and will they accept selling for small margins? |
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#36 |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Two things I would be interested to know....
1. What kind of price are the CPO ADs offering customers for their watches? Has anyone tried to trade in or sell to a CPO AD? 2. When the AD takes a watch in, are Rolex charging them for the service, CPO box, warranty etc? |
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#37 |
"TRF" Member
Join Date: Jan 2023
Location: Georgia
Posts: 18
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There are reputable Grey Market and Trusted Sellers here give plenty of peace of mind when purchasing. The prices of the CPO pieces are absurd and not worth it at all. Im not paranoid enough to stump up at a 200% premium.
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#38 | |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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Quote:
I bought a CPO DSSD for within $500 of what three trusted sellers were asking for it on the same day that I bought it. You introduced the word “exclusivity” into the conversation and then attributed it to me. When you sold your last house or car and asked market price for it did you consider your potential buyers idiots or did you simply ask what you thought you could get? Clearly this is an emotional topic for you. |
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#39 | |
"TRF" Member
Join Date: Oct 2023
Location: USA
Posts: 173
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Quote:
EDIT: I should also add that there are a lot stricter requirements for CPO services than typical. I have to require significantly more dials, hands, bracelets, clasps, crystals, and bezels. |
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#40 |
2024 Pledge Member
Join Date: Apr 2013
Location: Maui
Posts: 347
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If a Rolex CPO watch is not required to have the full set of bracelet links, then what does "Certified" actually/legally mean? Sounds like it means: "..the watch is declared by Rolex to be authentic, but it might be missing a few things."
I can expect and accept this condition in the grey market, but I will never accept it from Rolex. |
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#41 | |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Watch: TT Rootbeer
Posts: 205
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Quote:
even if the extra links are kept in a box I still want it to be complete. |
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#42 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
https://www.tourneau.com/rolex-certi...owned-watches/ Try and find a good deal on there. I'll wait! The James Cameron is $16.25k on CPO - Sub $12k on TRF. You said that... "There’s a deep Rolex back catalog of interesting pieces that will show up in CPO. This is where the value lies." I never attributed "exclusivity" to you. I simply stated that CPO don't have exclusivity over "interesting pieces". Anything they are selling can be found elsewhere. So where is the value add? Yes, if i sold my house or car to someone for 1/3 over market value, i would think the buyer was an idiot. But one would expect to be sitting on a car or house for a very long time if one prices way over market rate. ADs will be sitting on these CPO watches for a long time if they don't adjust. Emotional topic for me? No. I'm not the one justifying a CPO purchase to myself. ![]() |
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#43 | |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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Quote:
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#44 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
As i said before, look at Tourneau's CPO listings... https://www.tourneau.com/rolex-certi...owned-watches/ Love for you to show me some great deals on there?!?! |
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#45 | |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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Quote:
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#46 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
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#47 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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#48 | |
"TRF" Member
Join Date: Jun 2016
Location: USA
Watch: es watches
Posts: 2,051
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Quote:
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#49 | |
"TRF" Member
Join Date: Dec 2023
Location: At home
Watch: 226570
Posts: 187
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Quote:
Every watch tells its own unique story, yet at Bucherer they all face the same meticulous checks. Expect your chosen piece to have undergone the following: Full assessment Authenticity check Ultrasonic cleaning Diagnostic tests of all watch functions Authentication of movement Servicing of movement Time regulation and test of power reserve Water resistance test on glass, crown and back seals |
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#50 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
You got flim flammed by the CPO program. It's cool. We all do things we regret. |
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#51 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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#52 |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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#53 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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#54 |
2024 Pledge Member
Join Date: Jun 2014
Location: Florida, USA
Posts: 64
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#55 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Dec 2017
Location: NY
Posts: 2,491
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Ibtc
__________________
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. - Albert Einstein |
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#56 |
2024 Pledge Member
Join Date: Apr 2021
Location: United Kingdom
Posts: 1,359
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Quite a bit of emotion going on here. Love it.
I bought a CPO watch in November. On reading this it feels like an AA statement! I bought the watch after 30 years of watch collecting as well. Not sure where I fit in the stereotype then. Truth is I bought the watch because it has the most amazing 45 year old dial and bezel I had seen. So that’s it. Simple. The peace of mind was nice but not essential. I smile when everyone says buy from a trusted seller rather than CPO. It’s obvious to me that the trusted seller inflates his prices to the max of what people will pay, because he is a trusted seller! Rolex and their ADs do the same with their CPO. They charge the max of what people will pay. Doesn’t make them con artists, in the same way the trusted sellers are not con artists. So to repeat my AA statement. I am a watch collector of 30 years and I bought CPO! Had a few Sancerre’s in the Dordogne so maybe the AA theme is apt! Sent from my iPhone using Tapatalk |
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#57 |
"TRF" Member
Join Date: Jan 2023
Location: Stockholm
Watch: Just a Daytona
Posts: 1,254
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"Used from reputable gray..."
"... vs going with a reputable grey dealer ..." "there are reputable sellers with impeccable reputations that I fully trust" "It is not hard to find a completely reputable Trusted Seller ..." "... I’d definitely go with a trusted seller ..." "Half the reason people use/join this forum is for the trusted dealers ..." "Peace of mind is also from a trusted seller here." "Between a trusted independent reseller ..." " ... buy a used piece from a reputable source ..." " ... a trusted seller on TRF." "They don't have knowledge of trusted sellers ..." "People can always buy from a reputable secondary seller ..." "There are reputable Grey Market and Trusted Sellers ..." "I bought a CPO DSSD for within $500 of what three trusted sellers ..." "... buy from a trusted seller rather than CPO..." Slight tangent. Whenever I hear, "Trusted/reputable dealer/seller," the last place my brain rushes to is a place of trust. When I hear, "Trusted dealer," my brain immediately leaps to two conclusions. First, that this dealer is distinguishing himself from all other dealers because he's trusted, implying that most other dealers are not. Second, if most dealers are not to be trusted, then why should I believe you when you say you are? I'm automatically in a place of scepticism. There's a subtle ... manipulation at play. Or at least, I feel someone's trying to short-circuit my defences. If someone said about a politician, "He's an incorruptible politician," I wouldn't find myself immediately admiring the politician's morality. I'd find myself thinking that he's claiming the politician incorruptible in a sea of corruptible politicians. That is: most politicians are corruptible. So why would I belive this politician? If an airline advertised itself by saying, "Fly our fleet of safe planes," I wouldn't think of safety. I'd think: hang on, aren't all planes safe? Does this mean planes aren't safe, but this airline is claiming the safe ones? Why would I believe that? I wouldn't get laser-eye-surgery from a surgeon who advertised, "We're the steady-hands surgeons!" Wait, so other surgeons don't have steady hands? I know I'm belabouring the point, but to do a little reductio-ad-absurdum (and who doesn't like that?), what would you think of a dealer advertising himself as, "I am a living dealer." I guarantee you, your brain didn't rush to a place of warm, fuzzy comfort that that dealer was reassuringly alive. Instead, at the very least, you thought, "What on earth does that mean?" Not that I'm crapping on dealers, just this curious way of adressing them without adding, "Trusted/reputable." Another way of describing a dealer is, "Buy box-and-papers from a bricks-and-mortar dealer who's been in business for more than five years." What isn't said here is anything about trustedness. No one's trying to short-circuit your thinking. Quite the opposite. This description hints that you may be dealing with a horribly corrupt dealer, BUT that dealer is operating under certain constraints. And those constraints work to your benefit, not his. The first constraint is box and papers. Yes, if not omitted entirely, these can be forged, but that forging can take just a little more effort than obtaining the real thing, especially believable examples. And effort is what untrustworthy people are trying to avoid. Second, and more importantly, is bricks-and-mortar. A dealer's compulsion to defraud you is hugely dampened when he knows that you know where he'll be working tomorrow, when you discover he's sold you a fake or stolen watch. You'll happily pop back for a refund with your two larger brothers and a baseball bat. Not that you ever would - you're a sophisticated citizen of the modern world - but HE doesn't know that. Thirdly, if he's been in business for five years in that store, then he's either dodged a lot of baseball bats or he's operated without their threat. The latter being more probable. I imagine untrusted dealers feel sadly left-out when reading this thread. |
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#58 | |
2024 Pledge Member
Join Date: Sep 2016
Real Name: Rich
Location: Hoboken, NJ
Watch: 116610LN
Posts: 432
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Quote:
It just means that they have had a good number of sales on here that can be vouched for by reviews in the who's who section. Many have established businesses, websites, bank accounts etc. Most would let you go visit and see the watch etc. It is not an implication that anyone not a "trusted seller" is a scammer either. But as this is the internet, you have to be careful. |
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#59 |
"TRF" Member
Join Date: Mar 2011
Location: NC
Watch: RG Olive DD40
Posts: 1,783
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Maybe it's just brick and mortar jewelry stores, not CPO itself.
There's a prominent jewelry store in town that does not have a Rolex account but sells used ones who is asking $27k for an unworn pepsi on jubilee. |
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#60 | |
2024 Pledge Member
Join Date: Apr 2022
Real Name: Bazil Brush
Location: Star Gazing
Watch: Any Daytona
Posts: 3,206
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Quote:
Thank you ! ![]()
__________________
![]() ![]() If you have no enemies, you have no character. Taking a stand always creates opposition. Paul Newman Being Serious = Onto the list you go ![]() ![]() |
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