5712/1a at 63!?!

[rw2008]

At DavidSW

Typo? Run up from PP Sale speculation?

Never seen used 12s for more than low 50s. What’s going on?

[GK-]

It’s been listed for a bit. I imagine it will sell in the 50s. Can’t fault him for trying.

[tyler1980]

if you want to actually have stock in stock for any length of time you need to list it that high. Probably won't sell for that, but at least there is a chance it might

[rw2008]

Originally Posted by tyler1980

if you want to actually have stock in stock for any length of time you need to list it that high. Probably won't sell for that, but at least there is a chance it might

Makes sense.

[RHIII]

Way to narrow the field down to really serious buyers — and be able to have stock as Tyler said.


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[jrs146]

Originally Posted by RHIII

Way to narrow the field down to really serious buyers — and be able to have stock as Tyler said.


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What’s the relationship between listing for a high price and having a watch in stock?


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[GB-man]

Originally Posted by jrs146

What’s the relationship between listing for a high price and having a watch in stock?


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If you put a higher price on an item it stays on the shelf longer as there are less buyers at that price.

Liquor stores are notorious for this with bourbon.

[jrs146]

Originally Posted by GB-man

If you put a higher price on an item it stays on the shelf longer as there are less buyers at that price.



Liquor stores are notorious for this with bourbon.

Right but why would you want it to sit and not sell?


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[RHIII]

Originally Posted by jrs146

Right but why would you want it to sit and not sell?


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The highly desired references will always sell. Just a matter of time.


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[tyler1980]

Originally Posted by jrs146

Right but why would you want it to sit and not sell?


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depends. If it sells in a day, or a week, or a month is it underpriced? I think the key is having a product and deciding what price it will sell at if X number of people are able to be exposed to the listing. If its already sold a lot of people might have missed it.

I relate it to selling a House. We recently bought one and the seller had it listed a bit high (not crazy) but would not budge on the price. It sat longer than the average time on the market but because of it we were able to buy it because we were not ready to buy it when it was listed because we were not yet ready to move. It was the perfect house for us and the fact it was listed a bit high ended up ensuring it was still available when we were ready. Maybe slightly overpaid, but there was literally no other houses with the number of bedrooms we needed in the specific neighborhood we needed to buy a house in due to the schools associated with the address. The seller had to carry the house longer than he had to but if the additional carrying costs were negated by selling it for more money he probably came out more ahead than accepting a lower offer earlier.

[RHIII]

Originally Posted by jrs146

What’s the relationship between listing for a high price and having a watch in stock?


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The higher the list price (likely) the longer the watch will stay in stock - narrowing the field of buyers - potentially maximizing profit.


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[subtona]

Originally Posted by jrs146

What’s the relationship between listing for a high price and having a watch in stock?


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If it remains in stock it will drive more potential business his way as people search for availability... as the price climbs some may decide the number is too high and begin looking for alternate choices... if they happen to be browsing at an available 5712 on the listing site them may be they start browsing for that alternative without ever leaving that newly discovered website?

[jrs146]

Originally Posted by subtona

If it remains in stock it will drive more potential business his way as people search for availability... as the price climbs some may decide the number is too high and begin looking for alternate choices... if they happen to be browsing at an available 5712 on the listing site them may be they start browsing for that alternative without ever leaving that newly discovered website?

Lol


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[subtona]

Originally Posted by jrs146

Lol


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You’re welcome.

Your explanation is?

[superdog]

Originally Posted by jrs146

What’s the relationship between listing for a high price and having a watch in stock?


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Not sure I get it either.

Might as well try and actually sell your products?

[GB-man]

Originally Posted by superdog

Not sure I get it either.

Might as well try and actually sell your products?

My understanding is that it’s a trade off between profit margin and inventory turnover. If you have more capital than inventory you can source, raising the price at the expense of inventory turnover makes sense up to a certain level. What level is optimal I’m sure is something David is always monitoring.

[jrs146]

Originally Posted by GB-man

My understanding is that it’s a trade off between profit margin and inventory turnover. If you have more capital than inventory you can source, raising the price at the expense of inventory turnover makes sense up to a certain level. What level is optimal I’m sure is something David is always monitoring.

Originally Posted by superdog

Not sure I get it either.



Might as well try and actually sell your products?

I guess it seems to work in this bull watch market we are in. It’s surely a sellers market. But when that bubble bursts... which someday it will... that strategy will very quickly fail.


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[AshAP]

Originally Posted by jrs146

What’s the relationship between listing for a high price and having a watch in stock?


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Is this a genuine question?


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[jrs146]

Originally Posted by AshAP

Is this a genuine question?


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It is certainly a genuine question. As I've brought up in previous posts, the goal for must businesses to NOT keep items in stock. The goal is to sell them. What I have been commenting on is this is a clear example of how this specific dealer is using his stock to make the market. However, that is a very different strategy than what most retailers are trying to do. I was essentially asking if anyone else wanted to comment on the relationship between setting a price and stocking a watch.

I would ask you though, was your reply adding any genuine value? My opinion. No.

[Ichiran]

I trust David's pricing. If he says the 5712 is worth 63, it is 63.

[Oryx]

Originally Posted by Ichiran

I trust David's pricing. If he says the 5712 is worth 63, it is 63.

Now now, the price will be dictated by the market. I know a lot of people love DavidSW on here but come on

[V25V]

Originally Posted by Ichiran

I trust David's pricing. If he says the 5712 is worth 63, it is 63.

Oh gimme a break....


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[Ichiran]

Originally Posted by V25V

Oh gimme a break....

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David is the specialist of the secondary watch market, a guru if you like. All his watches are priced fairly IMO.

And he is not forcing you to buy that 5712 at 63. Someone else would get it from him.

That's the market.

[dlhussain]

Originally Posted by Ichiran

I trust David's pricing. If he says the 5712 is worth 63, it is 63.

David's prices are spot on. I have dealt with him extensively over the years.

[rw2008]

Originally Posted by dlhussain

David's prices are spot on. I have dealt with him extensively over the years.

He definitely is the best in the business to work with.

[vtsyrlin]

It really is worth what market is prepared to pay.
I am fairly certain he'll get close to this number

[slashd0t]

For fun, I messaged David on my 5712 to see what he would pay me for mine, since he has one listed for 63.. He offered me 47 for mine and said he's asking 63 for this one because it's "brand new", which I question as the papers are from August..

Weird vibe from David on this one.

[AK797]

Originally Posted by slashd0t

For fun, I messaged David on my 5712 to see what he would pay me for mine, since he has one listed for 63.. He offered me 47 for mine and said he's asking 63 for this one because it's "brand new", which I question as the papers are from August..

Weird vibe from David on this one.

Pretty wide spread as is the norm when asking prices rise fast, as bid prices drag upwards much slower and thus people get a false sense of what they can sell their watches for. Usually 20% below the dealer's prices.

[Chief Chininki]

That was watch was posted just this week, I believe Wednesday... be interesting to see how fast it sells...

[nyc2la]

He’s making a market. Simple.