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31 March 2020, 05:52 AM | #61 |
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Worst financial decision to buy at such a high premium especially during these times
Plz guys don’t waste hard earned money |
31 March 2020, 06:00 AM | #62 |
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two days ago I have offered 55k for a nautilus 5712a on chrono24, but the dealer said 60k is last price. So, I will wait. Also contacted a gray dealer in Dubai and offered him $20k for a white daytona and he refused and said that sales are great (OFC he was lying to my face, and I walked out the store).
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31 March 2020, 06:05 AM | #63 | |
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This is true. Maybe get back to them with a number. Most of the sellers are very reasonable. Sent from my iPhone using Tapatalk |
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31 March 2020, 06:06 AM | #64 |
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31 March 2020, 06:08 AM | #65 |
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the US economy is not shut down. Stop spreading fake news. stop speaking in absolutes.
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"God grant me the serenity to accept the things I cannot change, the courage to change the things I can and the wisdom to know the difference". "Where's the nearest bridge"? |
31 March 2020, 06:08 AM | #66 | |
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31 March 2020, 06:09 AM | #67 |
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With many AD's closed and Rolex production stopped, grays may be the only place to buy from right now - and as such they can hold out to get the price they want - they may discount a little to make a sale during tricky times, but not much.
In a month or two we will see the real financial implications of this crisis, and when Rolex begins shipping again we'll see some aggressive AD's trying to make sales to cover costs and losses - that's when the grays will have to start reducing prices... but I'd still guess the grays will all work together to some degree to maintain some common level of pricing, rather than competing against one another in a race to the bottom. |
31 March 2020, 06:11 AM | #68 |
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Congrats
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31 March 2020, 06:15 AM | #69 | |
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Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation: Airplanes are parked on unused runways, the busiest highways are empty during rush hour times, resorts have become ghost towns, ports are seeing sharp drops in shipping activity and more. |
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31 March 2020, 06:18 AM | #70 |
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31 March 2020, 06:18 AM | #71 |
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This! When I'm selling something and someone asks "what is your lowest price?" I always respond with the price I listed. If you want to make me an offer, make me an offer but don't ask what my best price is.
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31 March 2020, 06:18 AM | #72 | |
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31 March 2020, 06:20 AM | #73 |
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Right, and it practically never ends in a completed sale. It’s a poor way to negotiate
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31 March 2020, 06:26 AM | #74 |
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Sitting here scratching my head and wondering why anybody would be so anxious to buy a watch right now.
Guys with most of the hot watches Including the nautiluses available in numbers above 400 to 500 there is no shortage of these watches above MSRP. They will be there waiting for you at above MSRP prices when the dust settles. Don’t know at what prices they’ll be at BUT I can assure you they won’t be higher than what they are selling for now. So there is no downside to waiting this out a bit. Do you really have to have that watch at 10K over list right this minute? Even if cost is no object it just makes more sense to be sitting on your hands and wallet for now. Sent from my iPhone using Tapatalk |
31 March 2020, 06:31 AM | #75 |
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Know several resellers, including in NYC. Most have other business interests as well as watches. You don't stay in business in tough, competitive NYC for twenty - thirty years or more without being able to make it through tough times (multiple recessions, wars, SARS, 911 attack, COVID-19 etc). Anyone wishing for their demise or desperation is misguided in my opinion. And all I know are fine folks, who work hard to raise a family, put kids through schools ..
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31 March 2020, 06:32 AM | #76 |
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31 March 2020, 06:32 AM | #77 | |
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31 March 2020, 06:34 AM | #78 | |
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31 March 2020, 06:38 AM | #79 |
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31 March 2020, 06:46 AM | #80 | |
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31 March 2020, 06:47 AM | #81 |
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We've only been in this for a few weeks really. Personally I think it's too early to expect deals. Give it another month or two and then see. Right now there is some optimism that we get out within a couple months with a strong rebound.
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31 March 2020, 06:48 AM | #82 |
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31 March 2020, 06:55 AM | #83 |
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31 March 2020, 06:56 AM | #84 |
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They are for sure hurting with sales volume right now. If you try to trade in, they are offering dramatically less than a month ago, but keeping prices the same. They will come out ahead if the market stabilizes sooner rather than later. If not, they will be sitting on a lot of inventory or dropping those prices. Only time will tell.
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31 March 2020, 06:57 AM | #85 |
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It’s still too early
Until the watches start to come to them at cheaper prices they won’t sale cheaper. A lot of grays still pay top dollar also. For example some grays pay retail and sometimes they pay top dollar and flip for 500.00. I sold a Batman for 14k to a gray fully stickers. They flipped it for 14.5 or 14.7 I believe. We are still a month to a couple of months off from lower prices if they come |
31 March 2020, 07:06 AM | #86 |
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I think that's a good call on your part.
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31 March 2020, 07:07 AM | #87 | |
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The economy has definitely tanked in some venues (particularly with my friends in the hospitality business), but the world/U.S. economy certainly is not 'shut down'. Where do people get these ideas? Too much TV? |
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31 March 2020, 07:14 AM | #88 |
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I'm friend's with a few pretty heavy Grey dealers, some you would know by name. The ones positioned well and not in over their head will hold tight and make out on the back side.
The junior flippers and guys that are over extended with be crushed and maybe, probably beyond repair. If things were tight going into this, they are in trouble now for sure without question, give it time. With that said, one of the biggest grey guys in the US industry told me price reductions are coming, no way around it even if they are flush with cash, they will respond to the market. Example, four weeks ago I sold a BLNR few years old for $13k Today, a different one a few months newer for $10,900 I'm not a flipper, these are friends that wanted out of their watches at the start of this unemployment run on most industries so I helped them out. For what it is worth. If you want a hot piece like a Pepsi or Daytona, don't expect it to be like crazy Eddies blow out, you may save 10-15%. Unless, this carries in into August, you will see 20-30%. Just like the stock market and the late Kenny, gotta know when to hold em...you know the rest... |
31 March 2020, 07:16 AM | #89 | |
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Hoping for the market to drop so that they can finally buy a piece they cannot truly afford. I'm not saying all of the people on this forum but majority. |
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31 March 2020, 07:18 AM | #90 | |
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'Where do people get these ideas?' Are you kidding? The building industry, large and small - virtually all shut down Builders merchants largely shut Schools shut Estate agents, hair salons, all retail (apart from food), most manufacturing – shut. Call centres – skeleton staff Leisure, Tourism, Hospitality, bars, restaurants shut Sports events shut Hotels largely shut |
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