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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
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#1 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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Greys not budging, just tried
Just tried to make an offer on a 116500 on chrono24
$19795 listed Will not go any lower, even when mentioning 800 others listed I dont know guys, I think everybody is going to hold out
__________________
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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#2 |
"TRF" Member
Join Date: Dec 2016
Location: USA
Posts: 645
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Thanks for the update. If you don't mind me asking, was your offer close or was it significantly lower?
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#3 |
"TRF" Member
Join Date: Jul 2019
Location: California
Posts: 880
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#4 |
Banned
Join Date: Feb 2020
Location: Chicago, IL
Watch: SD43
Posts: 178
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The reality of the situation hasn't hit them completely yet. We are still in shock mode.
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#5 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
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If they can hold on they will hold on, with severe lockdowns in place this thing could start to turn in a couple of months, esp with public perception as the initial fear over this virus will have dissipated and the economist's voice will start to trump the medic's. With everyone now committed to combating this virus, this looks like a shorter term micro issue than a long term macro issue.
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#6 | |
Banned
Join Date: Jul 2017
Real Name: Jaime
Location: Here
Posts: 5,606
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Quote:
The USA economy is now going to be shut down until May. Let's see how long these watch dealers can go with no cash flow and just sit on inventory collecting dust. |
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#7 |
2024 Pledge Member
Join Date: Oct 2009
Real Name: Gary
Location: USA
Watch: Daytona
Posts: 11,390
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They can probably hold steady for months. Supply on a global scale isn't huge IMHO...This might all be over by the time they would have to sacrifice inventory...Just my two cents...
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#8 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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It was a black
I just asked what his lowest would be
__________________
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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#9 |
"TRF" Member
Join Date: Sep 2015
Real Name: NeoAnderson
Location: Tax Free Shopping
Posts: 725
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Maybe there part of the bail out
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#10 |
"TRF" Member
Join Date: Mar 2020
Location: Gibraltar
Posts: 30
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Think this is going to last longer than what ppl think.....the economic consequences will be huge but they won’t be really felt until this pandemic and lockdown is over, recession will hit hard...with many places closed down due to lockdowns world wide there’s plenty of workers loosing out on wages and business owners loosing on takings and cost...
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#11 |
"TRF" Member
Join Date: Jul 2018
Location: Paris
Posts: 478
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I talk with a grey based in Paris and he told me that sale are great at the moment ! (maybe he lied to me)
I think it's still strong now because nothing (really) changed for people now because it's been for 2 weeks. But in 3 months it will be a different story I suppose... |
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#12 | |
2024 Pledge Member
Join Date: Sep 2018
Location: U.S.A.
Watch: SD43
Posts: 3,194
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Quote:
I think once the virus has run its course and we’re getting back to normalcy AND there’s still much less interest in the BLROs, Daytona’s, Hulks...then it’ll come crashing down The greys are holding out bc they think it’s just the virus that’s causing this |
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#13 |
Banned
Join Date: Apr 2014
Real Name: Matt
Location: UK / EU & Canada
Watch: Sub 114060
Posts: 1,349
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This hasn't really hit us economically yet, give it 1 month.
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#14 | |
Banned
Join Date: Apr 2014
Real Name: Matt
Location: UK / EU & Canada
Watch: Sub 114060
Posts: 1,349
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Quote:
Then again the real economic situation hasn't really hit business yet, give it another 1-2 months. |
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#15 |
"TRF" Member
Join Date: Nov 2019
Location: Arrakis
Posts: 873
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As a buyer, I have nothing to lose by waiting.
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#16 |
"TRF" Member
Join Date: Oct 2019
Location: UK
Posts: 106
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He may not be able to drop much less and is still trying to turn a profit
Just bide your time, play it cool and they will drp |
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#17 |
"TRF" Member
Join Date: Apr 2019
Location: fla
Posts: 34
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Dealer probably doesn’t want to negotiate against himself. Many dealers simply won’t respond to ‘what’s your lowest prices’ inquiries. You’d need to offer him a number that you’re willing to pay, and if he says yes you really should buy..
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#18 | |
"TRF" Member
Join Date: Oct 2011
Real Name: Jim
Location: Orange County, CA
Watch: Rolex, AP & Patek
Posts: 3,738
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Quote:
Also ALL Greys with inventory would have to hold out. As soon as a couple start lowering prices the rest will have to follow or just sit on stock that no one will buy hoping pricing get back to an all time high. |
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#19 |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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#20 |
"TRF" Member
Join Date: Nov 2017
Location: VA
Watch: GMT Master 16750
Posts: 1,373
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#21 |
"TRF" Member
Join Date: Dec 2011
Location: New York
Posts: 623
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Grey's aren't hurting.....especially with a large number of Ad's shutdown.
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#22 | |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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Quote:
Agree Sent from my iPhone using Tapatalk |
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#23 |
"TRF" Member
Join Date: Oct 2011
Real Name: Andy
Location: Ontario, Canada
Watch: AKA: ANDERL712000
Posts: 4,935
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Just made an offer of 19k....
__________________
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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#24 |
Banned
Join Date: Jun 2015
Location: In Motion
Watch: my wrist presence
Posts: 7,436
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A lot of dealers will not respond or give
you their lowest price. Decide on a legit reasonable offer you’re willing to pay and see what happens... I’ve seen countless dealers address this “ What’s your lowest price “ term . Clearly they say they will not respond or reply to such questions... Good Luck! |
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#25 |
Banned
Join Date: Jun 2015
Location: In Motion
Watch: my wrist presence
Posts: 7,436
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#26 |
"TRF" Member
Join Date: Jul 2014
Location: Uk
Posts: 941
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When I was selling 2 of my pieces I would ignore “what’s your lowest price” messages.
When I had people ask what my best price was id ask them to link me to a lower price full set still in rolex service warrantee and id consider bettering it. (As mine was the lowest on chrono24 and a better set than anything even close to my price). Eventually both sold for asking price, and I met in the middle on delivery costs. I did have people make me offers and I considered them and made counter offers, all ended up being dreamers and tire kickers. I would hate to be a watch dealer just after those 2 sales. Major major hassle dealing with the general public, you never realise how many stupid or time wasting people are out there until you give it a shot ! Was worth it compared to selling to a dealer direct though (which offered £1500 less than I actually sold them for, After chrono24 commission !) So please moral of the story is, please don’t waste the sellers time ! Selling watches is an agonising process |
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#27 |
2024 Pledge Member
Join Date: Dec 2018
Location: Ohio
Watch: Vintage DD'S
Posts: 840
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#28 |
"TRF" Member
Join Date: Apr 2019
Location: fla
Posts: 34
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Also, dealers that purchased their inventory with a credit line will need to be more negotiable.
“Only When The Tide Goes Out Do You Discover Who’s Been Swimming Naked.” Warren Buffett |
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#29 |
"TRF" Member
Join Date: Sep 2017
Location: Southeast
Watch: 214270
Posts: 2,668
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#30 |
Banned
Join Date: Oct 2018
Location: US
Posts: 1,411
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Just wait to see what will happen as the end of April approaches. Pants will start dropping.
Sent from my SM-G925V using Tapatalk |
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