PM Madness

[In-Cog-Neeto]

Visited a rather large boutique today

They told me ‘it was all about professional stainless steel for a long time, now we can’t even keep the PM versions in stock as they are wait listed’’

Crazy days in these parts, especially considering the bubble has burst............or so I’m told

[peterpl]

Too early to tell. The word is just spreading about the current market. And its only now that grays are selling for less and less.

They will hold off as long as they can as long as cash flow is not an issue. The biggest indication to me is the prices grays are paying and some are not wanting any of the hot SS models to stock - they are not even interested in buying them unless your practically giving them away. That is the biggest tell the market is going down.

Next 6 months will 100% show whether the market is in a continual downturn.

[10klakes]

Originally Posted by peterpl

They will hold off as long as they can as long as cash flow is not an issue. The biggest indication to me is the prices grays are paying and some are not wanting any of the hot SS models to stock - they are not even interested in buying them unless your practically giving them away. That is the biggest tell the market is going down.

I’ve had two friends and one acquaintance (3 people) in the past two weeks contact me about buying their first Rolex. As I explain that it’s hard to buy from the AD, and they can go the TS/grey (at a premium) or wait for a while and buy from AD at MSRP...... 3 out of 3 will chose to wait.

Rolex is winning. They haven’t increased prices because they are creating motivation for customers to buy from ADs. They can strangle the grey dealers on price alone.

Ask any member here if they rather buy at MSRP from AD, or go grey and pay over.

I don’t believe the Rolex bubble is bursting, I think Rolex is winning, and the grey is going to implode (flippers along with them).

[peterpl]

Originally Posted by 10klakes

I don’t believe the Rolex bubble is bursting, I think Rolex is winning, and the grey is going to implode (flippers along with them).

I think thats what we all want isnt it? I think the majority of ppl when discussing a Rolex Bubble is not actually referring to Rolex and MSRP pricing.

They are all talking about the gray market itself, how ADs are using shonky methods to sell directly to grays and share in the profit, its price gauging and how unsustainable the gray market is especially for the models that were trading at insane premiums. (i.e) Hulk, BLNR, Pepsi, Skydweller etc....

All of the above market manipulation needs to stop and the only way it will happen is if the 1000s of ppl who got suckered into it lose financially. People need to learn the hard way.

[10klakes]

Originally Posted by peterpl

All of the above market manipulation needs to stop and the only way it will happen is if the 1000s of ppl who got suckered into it lose financially. People need to learn the hard way.

Do you think Rolex is capable of stopping the market manipulation, without losing interest in their brand (ie: demand)?

[10klakes]

Originally Posted by In-Cog-Neeto

Visited a rather large boutique today



They told me ‘it was all about professional stainless steel for a long time, now we can’t even keep the PM versions in stock as they are wait listed’’



Crazy days in these parts, especially considering the bubble has burst............or so I’m told

I’ve heard the same from several ADs. Its why I don’t buy into ‘the sky is falling’ banter I hear on here. I think it’s going to be a bleak holiday season for SAs, and the first quarter will look similar to this past year.

Display cases are empty..... at least at ADs.

[Nikrnic]

I'm all set and in a good place for now, glad to just be sitting back enjoying my collection and watching the show! I'm sure there will be a part duex to this story in the spring..

Sent from my SM-G970U using Tapatalk

[opaline460]

They can’t keep Pms in stock, bc greys r buying bulks with SS?

[wach16]

Originally Posted by opaline460

They can’t keep Pms in stock, bc greys r buying bulks with SS?

I believe what the OP was saying was that because the SS shortage, people who want to get a watch now from the AD are buying PM pieces because that is all that is available.

[offrdmania]

Its either buy a hot SS from a gray at a huge mark up or buy a PM from the AD for not much more.