The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 8 October 2020, 12:29 PM   #1
brandon13
"TRF" Member
 
Join Date: Jul 2013
Location: Miami
Posts: 113
The games played with my AD - Crazytimes

Won’t mention which AD this is for obvious reasons, but for the past year or so I’ve been paying a fun “game” with them. I will say that this is a VERY reputable dealer.

With zero past purchase history, In the past 10 months I’ve gotten a DD40, Hulk, Batgirl, and just last week the new Ceramic Kermit. (BLRO and Daytona promised within the next few months...Let’s see)

After being tired of getting on the “waiting list” with my other usual AD...A few months ago I walked into this other AD and had a nice and long chat with a young sales rep. Nothing special, just general watch talk. I guess the guy trust me and said: look, let’s plan how we can get your full collection complete within the next year. I said sure!

So here’s the master plan offered by him...in essence: buy a crappy slow moving piece (read lady watches) and I’ll get you a solid find right after. Then rinse and repeat.

My first “try and see” was getting a decent looking piece for my wife...but nothing I would ever really buy otherwise. A week later he had my DD40 YG ready. I wasn’t really surprised because DD40s are not technically disappeared but still...I had been looking.

Then I bought a Cellini (which I sold locally at a loss of $3000 right after) but that got me the Hulk a month later.

So on and so forth...a couple more of slow moving butt ugly two tone lady pieces later I can honestly believe that they are coming through as Batgirl and Cermit are on my hands.

I have sold all but one of the garbage pieces I had to buy at average losses of $2k each....but upside on the other finds I have gotten has made it good business...not that I plant to sell any of the ones from my collection...but you get the idea.

I’ll see where this takes me...I would have never thought I’d be stupid enough to buy a Rolex just for the chance at getting another Rolex. My common sense tells me I’m idiot...but it’s been kinda fun though.
brandon13 is offline   Reply With Quote
Old 8 October 2020, 12:54 PM   #2
TheVTCGuy
Banned
 
Join Date: Jul 2008
Real Name: Paul
Location: San Diego
Watch: 126619LB
Posts: 21,540
Interesting. One question I would have is the money you lost on selling the “garbage” pieces, ones you had to buy to get the actual one you wanted, was that really a better financial route then buying from a Gray? The one I want right now is about $3K more from a gray then MSRP. Assuming I would lost about that much reselling a Rolex I had to buy from the AD it seems (at least in this case) then it would just be simpler to buy straight from the Gray. I am not arguing your tactics, I would really like to know the answer, if it is a viable strategy I’m all for it.
TheVTCGuy is offline   Reply With Quote
Old 8 October 2020, 01:02 PM   #3
brandon13
"TRF" Member
 
Join Date: Jul 2013
Location: Miami
Posts: 113
Quote:
Originally Posted by TheVTCGuy View Post
Interesting. One question I would have is the money you lost on selling the “garbage” pieces, ones you had to buy to get the actual one you wanted, was that really a better financial route then buying from a Gray? The one I want right now is about $3K more from a gray then MSRP. Assuming I would lost about that much reselling a Rolex I had to buy from the AD it seems (at least in this case) then it would just be simpler to buy straight from the Gray. I am not arguing your tactics, I would really like to know the answer, if it is a viable strategy I’m all for it.
As mentioned I am really buying to keep...but if were to be buying for business it would have for sure been good business...at least so far. I lost around a little under $10k total...but looking at going grey rates....I am +$7k on the Hulk, +5k on the bargirl and +$9k at least on the Cermit...so, a plus of around $11k.

Again, didn’t do it for the money...

Regarding your idea of going in and offering this crazy game for the one watch you want I don’t think it may work. They asked for a list of 7 of the ones I want and had me sort in order of most to least desirable...just so you know my two top were Daytona white face ceramic and BLRO Pepsi...and those haven’t landed yet...so I do suspect they are stringing me along. The ball is on their side now...told them I’d buy the next garbage when I get another good call.
brandon13 is offline   Reply With Quote
Old 8 October 2020, 01:06 PM   #4
Greglaw
Banned
 
Join Date: May 2020
Location: Rhode Island
Posts: 667
I was stupid enough to click on this so who knows
Greglaw is offline   Reply With Quote
Old 8 October 2020, 01:06 PM   #5
bwdellorf76
2024 Pledge Member
 
Join Date: Mar 2019
Location: USA
Watch: All of them
Posts: 728
Interesting strategy. Maybe you will end up liking one of the less desirable pieces!
bwdellorf76 is offline   Reply With Quote
Old 8 October 2020, 01:09 PM   #6
huncho
2024 Pledge Member
 
huncho's Avatar
 
Join Date: Oct 2017
Location: nyc
Posts: 6,708
these games only make sense to me if you're buying something you would buy anyway, like the dd40. i'd never buy a cellini just to resell it and take a 3k loss instantly
huncho is online now   Reply With Quote
Old 8 October 2020, 01:11 PM   #7
brandon13
"TRF" Member
 
Join Date: Jul 2013
Location: Miami
Posts: 113
Quote:
Originally Posted by TheVTCGuy View Post
Interesting. One question I would have is the money you lost on selling the “garbage” pieces, ones you had to buy to get the actual one you wanted, was that really a better financial route then buying from a Gray? The one I want right now is about $3K more from a gray then MSRP. Assuming I would lost about that much reselling a Rolex I had to buy from the AD it seems (at least in this case) then it would just be simpler to buy straight from the Gray. I am not arguing your tactics, I would really like to know the answer, if it is a viable strategy I’m all for it.
Quote:
Originally Posted by bwdellorf76 View Post
Interesting strategy. Maybe you will end up liking one of the less desirable pieces!
I doubt it brother....it’s all mostly garbage two tone and lady small pieces. They literally show me a couple...I google and see which I’ll lose less money on and that’s the one I buy.
brandon13 is offline   Reply With Quote
Old 8 October 2020, 01:27 PM   #8
ChipotleBanana
"TRF" Member
 
Join Date: Nov 2017
Location: Somewhere West
Watch: Rolex/Omega/Patek
Posts: 208
Quote:
Originally Posted by brandon13 View Post
I doubt it brother....it’s all mostly garbage two tone and lady small pieces. They literally show me a couple...I google and see which I’ll lose less money on and that’s the one I buy.
You sound like an awful person lol. Stop being a clown and just buy what you want instead of playing god with an AD.
ChipotleBanana is offline   Reply With Quote
Old 8 October 2020, 01:33 PM   #9
Twinrolex
"TRF" Member
 
Twinrolex's Avatar
 
Join Date: Jul 2013
Location: H Town
Watch: YG DD|YG SUB
Posts: 61
Im glad i buy preowned...LOL...I dont have time/patience to play these games with dealers
Twinrolex is offline   Reply With Quote
Old 8 October 2020, 01:36 PM   #10
HideMyWalletPlease
"TRF" Member
 
Join Date: Sep 2020
Location: Houston
Posts: 1,090
Some people may criticize you and say that’s stupid, but if you have this much disposable income to spend on watches, you obviously are not stupid. Amassing this collection through greys would have been very expensive and you would really have no idea where the watches had been. Not every used watch sold as “unworn” is really unworn. At least you know your watches are straight from the styrofoam coffin.

Nothing wrong with what you did. It was a creative solution that had better results than the typical whining and complaining.

If they actually get you a Daytona soon then you probably did ok with your little game. I would try and get the Daytona as soon as possible and move on to other brands. Nothing wrong with Rolex, but I think at that point, you got all the Rolex watches you need.
HideMyWalletPlease is offline   Reply With Quote
Old 8 October 2020, 01:43 PM   #11
TswaneNguni
"TRF" Member
 
TswaneNguni's Avatar
 
Join Date: Feb 2008
Real Name: Chris
Location: .
Watch: Daytonas/Subs/GMTs
Posts: 12,609
The Rolex Hunger Games .
TswaneNguni is offline   Reply With Quote
Old 8 October 2020, 01:47 PM   #12
Kevin of Larchmont
2024 Pledge Member
 
Kevin of Larchmont's Avatar
 
Join Date: Jul 2016
Location: The Ice House
Watch: Ingersoll Mickey
Posts: 3,369
It sure sounds like an awful lot of work. Hunting, buying, collecting and wearing watches is supposed to be fun. Are you having fun? It doesn’t sound like it, sounds like a lot of work for a little money.
Kevin of Larchmont is offline   Reply With Quote
Old 8 October 2020, 01:52 PM   #13
HideMyWalletPlease
"TRF" Member
 
Join Date: Sep 2020
Location: Houston
Posts: 1,090
Just between the hulk, batgirl and cermit, he would have spent 20-25 over retail on the grey market. If he keeps the pressure on and gets a Daytona soon then he did ok.
HideMyWalletPlease is offline   Reply With Quote
Old 8 October 2020, 02:00 PM   #14
oldman2005
"TRF" Member
 
oldman2005's Avatar
 
Join Date: Dec 2006
Location: norcal
Posts: 3,031
Yes, that's how the game is played at most Rolex AD: Double it up - An undesirable Rolex watch with a SS Sport.

But you got what you wanted
oldman2005 is offline   Reply With Quote
Old 8 October 2020, 02:02 PM   #15
thenewrick
2024 Pledge Member
 
thenewrick's Avatar
 
Join Date: Sep 2020
Location: FL
Watch: OP41 Silver
Posts: 1,812
All the same people defending Greys and “capitalism”
Now mad at someone for correctly playing the AD game for an unrealized gain.
thenewrick is offline   Reply With Quote
Old 8 October 2020, 02:02 PM   #16
scombs263
2024 Pledge Member
 
scombs263's Avatar
 
Join Date: Sep 2014
Real Name: COMBS#263
Location: Los Angeles, Ca.
Watch: Rolex SD43
Posts: 2,193
If it works for u, go for it then. U Already got some awesome pieces with a couple more on their way, if they pan out, it’s a win for u.
scombs263 is offline   Reply With Quote
Old 8 October 2020, 02:17 PM   #17
RolexEDC
"TRF" Member
 
Join Date: May 2017
Location: USA
Posts: 320
It works, i walked into my ad in 2018, talked it up. Purchased a black bay black, two weeks later got a Daytona. Sold the BBB a year later for 800.00 loss.
RolexEDC is offline   Reply With Quote
Old 8 October 2020, 02:24 PM   #18
=w=
"TRF" Member
 
Join Date: Aug 2020
Location: CA
Watch: 18038
Posts: 23
Thanks for sharing your story. It’s nice to see the AD buying process clearly laid out, cut and dry for newbies like myself


Sent from my iPhone using Tapatalk
=w= is offline   Reply With Quote
Old 8 October 2020, 02:30 PM   #19
dmash
Member
 
Join Date: Feb 2017
Location: USA <> BKK
Posts: 6,160
Quote:
Originally Posted by ChipotleBanana View Post
You sound like an awful person lol. Stop being a clown and just buy what you want instead of playing god with an AD.
Really?
dmash is offline   Reply With Quote
Old 8 October 2020, 02:36 PM   #20
teabags001
Banned
 
Join Date: May 2017
Location: USA
Watch: DD40, hulk, Dayton
Posts: 2,039
Makes sense, as you saved money and got what you wanted. Don't hate the player hate the game lol. It only works with these inflated prices, but it does make sense as long as your AD is ok with you dumping the garbage watches. Just be careful those watches dont make it in the wrong peoples hands.

It really helped you out by buying the DD40 and a lady 2 tone o be honest. They know you are a real good buyer, in their eyes I bet that you are also a VIP as well.
teabags001 is offline   Reply With Quote
Old 8 October 2020, 02:50 PM   #21
Sandpit
"TRF" Member
 
Sandpit's Avatar
 
Join Date: Jan 2018
Location: Middle East
Posts: 1,808
Yep buying that DD40 first likely did you a huge favour but now he's got you hooked and he knows that whenever you want something else you'll also buy the rubbish nobody else wants to do it.

You sound happy with this relationship though so what anyone else thinks doesn't matter if its working (which it evidently is).

For what its worth, if I had the inclination and if I also trusted the ADs out here I would do the same if it meant not paying hyper inflated grey prices.

I wish ADs were much more open about it but it seems you have cracked the dark arts here.

Congrats on the new watches.
Sandpit is offline   Reply With Quote
Old 8 October 2020, 04:52 PM   #22
sgwatchguy
"TRF" Member
 
sgwatchguy's Avatar
 
Join Date: Jan 2020
Real Name: KP Jimmy
Location: Singapore
Watch: R/AP/FPJ/Hermès/et
Posts: 6,597
Who’s playing whom?
__________________
sgwatchguy is offline   Reply With Quote
Old 8 October 2020, 04:58 PM   #23
betterwatchit
"TRF" Member
 
Join Date: May 2016
Location: U.K. & Switzerlan
Posts: 206
On the positive side, I guess this is one way to achieve the redistribution of wealth! We’re all different, but this sort of nonsense really turns me off Rolex as brand and a concept.

From all angles, this feels like slightly tasteless materialism run riot.
betterwatchit is offline   Reply With Quote
Old 8 October 2020, 04:58 PM   #24
DCheeta
"TRF" Member
 
DCheeta's Avatar
 
Join Date: Jun 2013
Real Name: Dave
Location: NYC
Posts: 7,181
That’s a great example of exactly what the ADs want to happen. They get to move the less in-demand pieces and you get to have the hot models without waiting six years on a list that may or may not exist.

I would never do this, but what the hell, if it works for you. Everybody wins. Enjoy the collection!
DCheeta is online now   Reply With Quote
Old 8 October 2020, 05:17 PM   #25
Vivalas
"TRF" Member
 
Join Date: Jun 2013
Real Name: Stephen
Location: UK
Watch: AP
Posts: 2,645
Butt ugly and garbage pieces?

People on here will own these so don’t mention them individually.
Vivalas is offline   Reply With Quote
Old 8 October 2020, 06:31 PM   #26
joli160
2024 SubLV41 Pledge Member
 
joli160's Avatar
 
Join Date: Apr 2013
Location: NL
Watch: Yachtmaster
Posts: 14,739
Quote:
Originally Posted by brandon13 View Post
it’s all mostly garbage two tone
That’s a nice way of describing Rolex watches.

You made up a nice story
__________________
Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.
joli160 is offline   Reply With Quote
Old 8 October 2020, 06:35 PM   #27
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,368
Sounds like a lot of work and hussle for just a hobby, still if it helped keep you occupied during lockdown.
AK797 is offline   Reply With Quote
Old 8 October 2020, 06:51 PM   #28
Rokoru
"TRF" Member
 
Rokoru's Avatar
 
Join Date: Dec 2017
Location: Europe
Posts: 764
You are feeding the monster
Rokoru is offline   Reply With Quote
Old 8 October 2020, 07:12 PM   #29
BillA
2024 Pledge Member
 
Join Date: Mar 2007
Location: US
Posts: 3,870
Buying pieces you did not need or want is a waste of money. Think of it this way, you paid a premium for the watches you wanted. If you were prepared to do that, then why not just buy in the grey market at a premium, you have what your want earlier and don’t have to play games at the AD.
BillA is offline   Reply With Quote
Old 8 October 2020, 07:35 PM   #30
kepler22
"TRF" Member
 
Join Date: Jan 2013
Location: UK
Posts: 117
It's an interesting strategy, except all the profits are paper profits and all the losses actual cash. I bet your AD cannot wait for you to call. Nice read though!
kepler22 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

My Watch LLC

OCWatches

Asset Appeal

Wrist Aficionado

DavidSW Watches

Takuya Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.