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31 March 2020, 07:18 AM | #91 | |
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The "what is your lowest price" question is literally one of the worst questions one can ask as a buyer. Basically you are implying the seller artificially inflates the price, to which no sensible human beings would be willing to admit. |
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31 March 2020, 07:20 AM | #92 |
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Personally, would get out of US Dollars and most other currencies for a few months and see where the dust settles due to Coronavirus and ongoing historically massive central bank induced currency injections. Am sure i'm not the only one doing this right now, so you have to buy something of intrinsic value to retain worth/value.
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31 March 2020, 07:43 AM | #93 |
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I think not, unless this virus mutates to killing people under 60 at a 5% rate then it is politically untenable to cause a massive depression and millions in unemployment with society in chaos and deprivation, at least in the UK; so what will probably follow is in the summer things start to open up but older people will have to stay isolated for many more months, for them this will last a long time.
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31 March 2020, 07:49 AM | #94 |
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31 March 2020, 07:52 AM | #95 | |
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When potential clients ask me what my best price is I don’t even respond most times, make a serious offer and get a serous response steve |
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31 March 2020, 07:54 AM | #96 |
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31 March 2020, 07:54 AM | #97 | |
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like what?
curious to read/hear your thoughts on this! what exactly would you get into, if out of USD and other currencies? ty
agree with you on the Central Bank infusions and the artificial state of health it generates for the economy. Quote:
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31 March 2020, 07:54 AM | #98 | |
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My goal for the rest of the year is to acquire the various pieces that have been on my wish list over the past few years and I have lined up the dealers that I will be contacting. Good deals will come, just be patient. And when they do, be ready to pounce. |
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31 March 2020, 07:56 AM | #99 | |
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I recently bought a watch and asked what his best price was. He told me, it was below retail, and I bought it. This was an Omega (Omega AD). The watch before that was a rose gold Daytona. Same approach, same result (Rolex AD). In my actual experience, asking for a lowest price has worked well. It seems that people tend to make statements based on no information, or simply repeat what is popular to say. As is usually true, what you read online is usually incorrect. |
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31 March 2020, 07:57 AM | #100 | |
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I hope you bought it if you made an offer and they accepted it.
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31 March 2020, 07:57 AM | #101 | |
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Your not going to get a grey to sell a Daytona or any piece for less then what they paid for it.
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31 March 2020, 08:03 AM | #102 | |
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31 March 2020, 08:07 AM | #103 |
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Congrats on the watch. Could you have gotten it cheaper? Who knows. But you did get it for what you offered. And less than the asking price.
So be happy and just enjoy it. Look forward, not back. |
31 March 2020, 09:03 AM | #104 |
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You should have offered $18k. I bet he would have accepted that
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31 March 2020, 09:03 AM | #105 |
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They may not be budging now...but I bet they have a feeling in the pit of their stomachs, and it’s not a good feeling
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31 March 2020, 09:12 AM | #106 |
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Can't wait for the incoming OP.
When I bought from a grey dealer the fist thing I learned is that "what's your best price" is not going to be met well. Obviously their best price is the list price. You always have to send a figure and see if they accept. |
31 March 2020, 09:28 AM | #107 |
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31 March 2020, 09:30 AM | #108 | |
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Hi Steven, can you please send me a PM expanding on this. I am not sure what you are talking about but I want to know. Thanks. |
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31 March 2020, 09:37 AM | #109 |
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31 March 2020, 10:09 AM | #110 |
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Anyone thinking this is a micro economic issue is dreaming.
I spoke to a Hong Kong dealer in high end used handbags and she said that a month ago she was able to buy LV etc bags used at low prices as people were desperate to offload them to raise cash. Only problem is she now has a lot of stock that isn’t moving and prices are collapsing. This is going to be the Rolex story in a couple of months. Buyer psychology’s changed, wealth has been destroyed and the USA which has more poor destitute people and an inferior health system to Europe is only a couple of weeks away from the tsunami that hit better prepared European countries. Rolex pricing? Look out below! |
31 March 2020, 10:12 AM | #111 |
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as long as we dont buy from them, price will drop eventually.
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31 March 2020, 10:13 AM | #112 |
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As buyers we should also curb our temptations and not buy as soon as we see it come down in the -15% range..
If we all hold out a bit longer we can probably get them closer to retail Most likely schmucks who can't wait will go after it like dogs though... because rolex marketing |
31 March 2020, 10:18 AM | #113 | |
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31 March 2020, 10:19 AM | #114 | |
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"...better prepared European countries..." You mean like Italy or Spain? LOL. CJ |
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31 March 2020, 10:27 AM | #115 | |
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Nope.
https://en.wikipedia.org/wiki/List_o...ing_in_poverty We could argue this, but no wealthy US folks go to Europe for medical care, while the opposite is too common to even note. You want the best medical care, you come to the US, no one can argue that. Yes, our lack of border control overwhelms our ERs as illegals use them as primary care, and we should eliminate the employer from the patient/provider/insurer equation. Quote:
https://www.foxnews.com/politics/us-...-found-in-2019 I'd say 2.7 Pinochios on the three contentions in your sentance. |
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31 March 2020, 10:30 AM | #116 | |
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Bye bye, Chrysler. I hope if this gets bad I don't draw a ventilator you made, I could get electrocuted. (My patrol car is a Dodge, I have sound reasons to fear Chrysler electrical engineering). |
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31 March 2020, 10:31 AM | #117 |
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This thread is turning away from the topic.
It's been a while since 2008. It takes time for what's going on now to show its true colors in the market. I'm not talking next week or next month but it will come. |
31 March 2020, 10:33 AM | #118 | |
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Quote:
steve |
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31 March 2020, 10:34 AM | #119 |
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31 March 2020, 10:39 AM | #120 | |
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Your kidding right??? The United States is the world's largest economy by a comfortable margin with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation. To put in perspective, the Walmart company alone would be the worlds 24th largest GDP. There is plenty of wealth even in the worst of times for enough Americans to still buy luxury goods. |
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