No new stock coming from Switzerland...

[Bizcut1]

Does that mean the flippers are out of business for awhile?

And if so will we see the grey market dry up a bit?

[Simon_jrees]

Originally Posted by Bizcut1

Does that mean the flippers are out of business for awhile?

And if so will we see the grey market dry up a bit?

Going to have to wait and see what happens. IF there was enough stock coming from the currently closed Rolex to knock the flippers off their purch, it has nowhere to go at the moment becouse three quarters of Ads are closed...especially the large ones (from what I've read)

[gramo]

I would guess flippers will not get much profit if any (Bar SS Daytona) as the grey market dealers will have the mind set of the worst scenario, that all of the stock they hold will go down in price and could loose money,

I had a call from my local AD on Monday of last week, offering me a yellow gold, green dial Daytona, which I turned down, on me turning down the watch the AD then confirmed I had been the tenth person to turn down the watch.

[Podmornica]

Yeap, It's all downhill from here ..

[fooey]

You could probably get a nice discount on that if you wanted it!

[Yess]

If there's no stock coming in, it depends on the stock that a grey has to hand (in their safe). If they have a few of each item, then prices will soften, but not crash. The flip side to this is... If you're the one of a few grey dealers with a hot piece... You're in a solid position, as there are xxx number of people after the watch and only a very limited number available - it's all supply and demand.

[gramo]

Originally Posted by fooey

You could probably get a nice discount on that if you wanted it!

AD refused any discount on the watch, I then offered 24k for the watch, AD turned my offer down.

[gramo]

Originally Posted by Yess

If there's no stock coming in, it depends on the stock that a grey has to hand (in their safe). If they have a few of each item, then prices will soften, but not crash. The flip side to this is... If you're the one of a few grey dealers with a hot piece... You're in a solid position, as there are xxx number of people after the watch and only a very limited number available - it's all supply and demand.

It is not just about the watches, for these grey dealers to close for a number of months with big over heads (London) I believe a lot of people will also be put off from buying luxury purchases for a year or so, yes there is help from the Government in the UK, but as Business are finding out this money either has to be paid back or there are major caveat to receive any sort of grant, the question is how much can a business take before the Business closes for good.

[Mr. Miami]

Does that mean you could get a discount on a PM YM on OF? I mean not end of world but I suspect not many people will be buying PM in the next few weeks.

[Benzsiam]

Originally Posted by gramo

I would guess flippers will not get much profit if any (Bar SS Daytona) as the grey market dealers will have the mind set of the worst scenario, that all of the stock they hold will go down in price and could loose money,

I had a call from my local AD on Monday of last week, offering me a yellow gold, green dial Daytona, which I turned down, on me turning down the watch the AD then confirmed I had been the tenth person to turn down the watch.

Is that YG W/Green Dial Daytona (116508, $36650) hard to find item?

Gray market is asking for $46000. If Ads. give a some discount, I think a lot of people will take that right away.

[garyk]

Originally Posted by Benzsiam

Is that YG W/Green Dial Daytona (116508, $36650) hard to find item?

Gray market is asking for $46000. If Ads. give a some discount, I think a lot of people will take that right away.

I’ve been waiting for one from my AD for the better part of a year and I’m told my name is on it but the store manager told me months ago, they have never even seen one so I’m guessing it’s still somewhat rare. If it shows up, I’ll gladly pay retail. Well, that is if I still have money left after all this turmoil

[dcash0615]

Originally Posted by gramo

AD refused any discount on the watch, I then offered 24k for the watch, AD turned my offer down.

I would have declined your $24k offer too. That’s really low.

[Jocke]

Originally Posted by dcash0615

I would have declined your $24k offer too. That’s really low.

Maybe it was £24K?

[dcash0615]

Originally Posted by Jocke

Maybe it was £24K?

I considered that before my response. I still think it’s low in today’s environment. Just my opinion.

[Roli4life]

No new product= scarcity. Scarcity = $’s

[jlovda]

The grey dealers will just shift their emphasis to nice used watches. With the way the stock market crashed I am sure more than a few will be offered to the greys.

[golfgrouch]

With no supply, will some ADs go out of business?

[RyanO]

Originally Posted by gramo

AD refused any discount on the watch, I then offered 24k for the watch, AD turned my offer down.

I'd be surprised if the AD calls again after asking for a 35% discount on one of the rarest Rolexes currently in production.

[1665fan]

Flippers are out, greys are already stocked up....

[Ballzzz]

Originally Posted by Roli4life

No new product= scarcity. Scarcity = $’s

this

[sechsgang]

Originally Posted by Roli4life

No new product= scarcity. Scarcity = $’s

yep

[timlaw]

I think grey dealers could be in trouble assuming they have bought stock at well above MSRP on finance as I presume not too many dealers own their stock outright.

if so they may have watches owing them more than they are now worth and presumably no customers looking to pay a 100% mark up to get a sports Rolex

must surely also effect the incredibly over priced steel nautilus market?

[rockmastermike]

I don't begrudge anyone making money, however, if a Hulk should somehow become resaonable then all bets are off, lol

[ronricks]

Originally Posted by Roli4life

No new product= scarcity. Scarcity = $’s

This

[watchmework]

FWIW, I checked with a couple ADs in my area and they’ve all confirmed that they don’t know when they will start receiving watches from Rolex again with their halt on production. Could be a bunch of bs, but they are all being consistent at least!

[Cesium137]

Originally Posted by jlovda

The grey dealers will just shift their emphasis to nice used watches. With the way the stock market crashed I am sure more than a few will be offered to the greys.

Yep, and the greys are low balling in this market.

[Bigblu10]

Originally Posted by Yess

If there's no stock coming in, it depends on the stock that a grey has to hand (in their safe). If they have a few of each item, then prices will soften, but not crash. The flip side to this is... If you're the one of a few grey dealers with a hot piece... You're in a solid position, as there are xxx number of people after the watch and only a very limited number available - it's all supply and demand.

With this world pandemic and all the uncertainty, the demand has dramatically decreased for these watches worldwide. Grey dealers sitting on tons of inventory are likely starting to sweat bullets. They need a constant money stream like everyone else. Depending on how long this lasts, grey pricing will come down if nobody is buying.

[CashGap]

Originally Posted by Benzsiam

Is that YG W/Green Dial Daytona (116508, $36650) hard to find item?

Gray market is asking for $46000. If Ads. give a some discount, I think a lot of people will take that right away.

I don’t understand the premium for that dial color. Maybe it’s me.

[Brny11]

Could be wrong, but I believe Grey has two streams. 1. Bulk buy at AD and 2. Trades. I would argue trades have higher profit margin and more volume.

So no, I don’t believe it will hurt them.

[faimag]

I think this means everybody will be out of business for awhile...