Quote:
Originally Posted by FrogWatch
Prices will absolutely still go down. I talked to two very reputable grey dealers over the weekend. I am always seeing what dealer prices are these days for a variety of my watches. They both quoted me under retail for a 3 month old 116519LN. They both said that things just really aren't moving right now. One of them received over 20 current Royal Oaks because smaller greys are having to liquidate. Sit tight. Things are going to swing more in our favor.
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Yes, it’s better to look at what the grey dealers are willing to pay for pieces, rather than what prices at which they are selling. I think it will take the market some time to work thru the glut of unsold stock, but the bigger problems lie in the wholesale B2B market.
One of the bigger grey dealers in Hongkong has ALL the 50th Anniversary AP Royal Oaks in stock. They bragged about how they purchased them at inflated prices prior to their official launch in February and how they will only sell them at the right price……………they better have diamond hands.