ADs don't like to sell to flippers?

[MSchu]

How is the burgeoning Rolex secondary market ANY DIFFERENT than the fully fleshed out multi-billion dollar Nike secondary market on places like stock X... it isn't.

Better get used to the new normal if Rolex doesn't go to a vertically integrated format... and still won't probably change much, it would just spread out the seller's as opposed to concentrating the sales to a chosen few.

Folks can say that AD's don't like flippers, but it's out of their hands when they allow multi-piece purchase deals.

[Littletommy]

Originally Posted by RobearH

AD’s dislike the market (flipper)to make more then they do what with their overhead not withstanding!

Wrong.

They entered into an agreement with a supplier which allows them to make X$ profit on a sale of said product. If they treat the 'grey' market as an adversary, they should maybe reconsider their business acumen.

[RobearH]

Originally Posted by Littletommy

Wrong.

They entered into an agreement with a supplier which allows them to make X$ profit on a sale of said product. If they treat the 'grey' market as an adversary, they should maybe reconsider their business acumen.

Wrong, do some research...Grey’s and flippers are different. AD’s who sell to Grey get a % of the market price and not the case from walk-in flippers!!!!!!!!!!!!!!!!!!!

[brandrea]

Originally Posted by Littletommy

BS.

It's a business. They stay in business by selling product. I'd be willing to say that none of these AD's really care about where the product ends up. They've made the sale and made their profit and kept their store on a paying basis.

So, you invest say a million and a half dollars and open an AD,. There isn’t a small part of you that isn’t irked by that guy who came into your store yesterday to buy that Daytona at MRSP as a grad gift for his son, only to see it advertised the next day for double what he paid?

I think I can say my AD would not be impressed.

[Littletommy]

Originally Posted by RobearH

Wrong do some research...AD’s who sell to Grey get a % of the market price and not the case from walk-in flippers!!!!!!!!!!!!!!!!!!!

Well...ok that's your take on it. But if you've ever owned a business you would know how things work in the real world.

[RobearH]

Originally Posted by Littletommy

Well...ok that's your take on it. But if you've ever owned a business you would know how things work in the real world.

OK little Joe Peschi...consider me schooled. I am sure others will correct you as well!

[djgallo]

Originally Posted by Patton250

I’m not happy with the price increase. Oh and the dirty work has not been done by the greys. It’s been done by people willing to pay double retail.

The world doesn’t stand still, there is always movement. So, rather than up price movement it sounds like you would be happy with Rolex dropping all of the prices.....

That would undermine the Rolex marketplace... To keep Rolex as desirable as possible a continued gradual increase in prices adds stability and keeps the allure of Rolex ownership in regards to maintaining or increasing value.

Originally Posted by Patton250

I have relationships with eight AD’s all owned by different people. They absolutely all feel the exact same way and don’t want to sell to flippers. All of them say Rolex is against it. They may all be lying but they are all remarkably on the same page.

8 AD’s....sounds like you need a lot of watches....you might fit the profile as a flipper! Not sure I would be publicizing that kind of information...

[Littletommy]

Originally Posted by brandrea

So, you invest say a million and a half dollars and open an AD,. There isn’t a small part of you that isn’t irked by that guy who came into your store yesterday to buy that Daytona at MRSP as a grad gift for his son, only to see it advertised the next day for double what he paid?

I think I can say my AD would not be impressed.

Sure, maybe a little bit 'irked'. But business is business. If you spend 1.5 mil for your store you should know how much in sales (based on the profit margin for a particular product) it's going to take to keep the business afloat.

In the final analysis, who cares if the watch you sold today for a 35% profit is going to be sold tomorrow for a 50% profit? You have pocketed the 35% you expected from the sale and all is good!

[Littletommy]

Originally Posted by RobearH

OK little Joe Peschi...consider me schooled. I am sure others will correct you as well!

Glad to be of assistance!

[brandrea]

Originally Posted by Littletommy

Sure, maybe a little bit 'irked'. But business is business. If you spend 1.5 mil for your store you should know how much in sales (based on the profit margin for a particular product) it's going to take to keep the business afloat.

In the final analysis, who cares if the watch you sold today for a 35% profit is going to be sold tomorrow for a 50% profit? You have pocketed the 35% you expected from the sale and all is good!

I can respect that view, I just don’t think my AD would

If given the choice, my AD is going to sell to the enthusiast vs. the guy who is going to flip the watch. Perhaps not all ADs are created equal.

[Rado63]

The AD doesn't want to sell to a flipper who buys one watch and then resells. If you sell a desirable piece to someone without history or multiple sales, the flipper makes money and the AD doesn't maximize the value in that desirable piece. If you want to buy multiple pieces, then the AD maximizes profits from a client, client sells a few watches , that's ok.

[Littletommy]

Originally Posted by brandrea

I can respect that view, I just don’t think my AD would

If given the choice, my AD is going to sell to the enthusiast vs. the guy who is going to flip the watch. Perhaps not all ADs are created equal.

That's not a bad thing at all!

[Patton250]

Originally Posted by djgallo

The world doesn’t stand still, there is always movement. So, rather than up price movement it sounds like you would be happy with Rolex dropping all of the prices.....

That would undermine the Rolex marketplace... To keep Rolex as desirable as possible a continued gradual increase in prices adds stability and keeps the allure of Rolex ownership in regards to maintaining or increasing value.



8 AD’s....sounds like you need a lot of watches....you might fit the profile as a flipper! Not sure I would be publicizing that kind of information...

I travel every week. I don’t party and hang out in bars. I visit Watch stores. It’s my hobby. I love it. That’s why I know so many AD’s.

As far as pricing goes to each their own. I’ve said this before and I’ll say it again. $100,000 for one person is like $10,000 to another person is like $1000 to another person is like $100 to another person. If you are the $100,000 guy then dropping an extra 10K on a Daytona is nothing to you. If you are a $10,000 guy then the idea of doing that is absurd. Most people understand this.

[cerendigit]

Originally Posted by Rado63

The AD doesn't want to sell to a flipper who buys one watch and then resells. If you sell a desirable piece to someone without history or multiple sales, the flipper makes money and the AD doesn't maximize the value in that desirable piece. If you want to buy multiple pieces, then the AD maximizes profits from a client, client sells a few watches , that's ok.

I think there is a bit of confusion here.

• Flipper: Someone who buys a watch to sell it back for a profit (i.e. not to wear it for himself).
• VIP: Someone who spends a lot of money at the AD (buying less desirable pieces, jewellery, etc).

I understand that an AD doesn't want to sell to a non-VIP, because it's not in their interest.

But what does that has to do with being a flipper or not?

[RHIII]

Sheesh.

[cerendigit]

PS. From reading the comments here, I'm starting to think that when people write:

"ADs don't like to sell to flippers".

What they actually meant was:

"ADs don't like to sell to non-VIPs".

(But somehow we confuse "flipper" with "non-VIP", I don't know why).

[Cesium137]

Originally Posted by Patton250

I’m not happy with the price increase. Oh and the dirty work has not been done by the greys. It’s been done by people willing to pay double retail.

I suppose they both deserve blame. One willing to pay it, and the other always trying to push the market.

[Patton250]

Originally Posted by cerendigit

PS. From reading the comments here, I'm starting to think that when people write:

"ADs don't like to sell to flippers".

What they actually meant was:

"ADs don't like to sell to non-VIPs".

(But somehow we confuse "flipper" with "non-VIP", I don't know why).

Nope. The AD’s I know love to sell to new buyers. In fact lots of the sales people I know the new guy is their favorite.

[djyolky]

This is just a bs rumor. Flipper's monies are as green as anyone else's.

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[RobearH]

Originally Posted by Littletommy

Glad to be of assistance!

Sarcasm at its finest!

[Littletommy]

Originally Posted by djyolky

This is just a bs rumor. Flipper's monies are as green as anyone else's.

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This is a fact. While I understand the frustration that some have with not being able to walk out of the AD with their desired watch at MSRP is disappointment, it's not the end of the world.

The watch you want is always available. If you can't find it at your local AD, you may need to look elsewhere and be willing to pay a bit more for it.

It's a business. The AD can sell (or refuse to sell) to whomever they want.

[djyolky]

It's your opinion, not a fact.

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[RobearH]

Like I said!

[djyolky]

Originally Posted by cerendigit

I think there is a bit of confusion here.

• Flipper: Someone who buys a watch to sell it back for a profit (i.e. not to wear it for himself).
  
• VIP: Someone who spends a lot of money at the AD (buying less desirable pieces, jewellery, etc).
  

I understand that an AD doesn't want to sell to a non-VIP, because it's not in their interest.



But what does that has to do with being a flipper or not?

Don't forget

*grey - both a flipper and a VIP :)

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[cerendigit]

Originally Posted by RobearH

Sarcasm at its finest!

Nothing to do with your post, but I just noticed, in your signature, the BL (bleu) is in red, and the RO (rouge) is in blue.

If that's on purpose, nevermind.

[Roddypeepa]

Originally Posted by Tom5518

So let's pretend for a moment you are the AD standing behind the counter and you have three dudes with cash on the counter to buy that BLNR you just got in. The first dude you know is going to flip it and just wants to make some cash. The second dude has never bought anything from you but you know he really wants the watch but he is a one and done type of guy. The third dude has bought three Rolexes from you this year alone and has a dozen other Rolexes at home, not to mention several other watches he has gotten from you that are not Rolex. You know this won't be the last watch you ever sell to him.



You have one BLNR to sell. Who gets it?

The grey who offers notes under the counter on top of mrsp and will be back every month with bungs for the foreseeable future.


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[Littletommy]

Originally Posted by djyolky

It's your opinion, not a fact.

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I beg to differ. The flippers money is just as green as everybody's.

[RobearH]

Originally Posted by cerendigit

Nothing to do with your post, but I just noticed, in your signature, the BL (bleu) is in red, and the RO (rouge) is in blue.

If that's on purpose, nevermind.

:c heers:

[mountainjogger]

Originally Posted by brandrea

I can respect that view, I just don’t think my AD would

If given the choice, my AD is going to sell to the enthusiast vs. the guy who is going to flip the watch. Perhaps not all ADs are created equal.

Same here, respect that view as possible but my AD treats WIS differently. And in the end result, all we know about people for sure is how they treat us.

[brandrea]

Originally Posted by mountainjogger

Same here, respect that view as possible but my AD treats WIS differently. And in the end result, all we know about people for sure is how they treat us.