Quote:
Originally Posted by Podmornica
I don't think we will soon see the prices drop at the gray market for hot professional models that everybody wants. Those folks already paid high dollar buying off from the flippers, and they cannot afford to sell us the BLRO for $11K as they paid them $14 or so with intention to sell it for $16K ..
What I DO expect is that we will be able to buy the BLRO from the local AD within couple of months/weeks waiting time, since most of those buyers on their waiting list will get the cold feet in these circumstances and flippers are no longer interested since grays are not buying off for the money they used to.
The Rolex market will normalize this way. My 0.5c
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The ONLY reason the grey market can charge a premium is because of the wait. There is no markup if the wait time is always less than a few weeks at an AD. Literally, zero market....they wouldn’t even have a market at MSRP if that were the case. Grey has to offer something AD doesn’t, whether it’s cheaper price or no wait one.. Greys will lose a fortune with many probably going under if this continues to play out.
Just make it simple, who would ever pay $14k for a watch they can get from an authorized dealer for $10k? I’ll tell you, nobody.
Greys invested heavily and future is looking bleak for them, just a fact.