Grey Market Supply Increasing?

[Explorer2polar]

Originally Posted by vh2k

Accepting ALL OF THIS as fact (which I don’t)...

Do you have ANY data — anecdotal or otherwise — that on average 30K+ new Rolex watches are flipped every month? Where are the phantom listings? Is the grey market gobbling up $300 million in Rolex inventory every month and storing in an underground bunker?

I've tried to explain to you, but you are incapable of rationale thought. I'm sorry for you.

[vh2k]

Originally Posted by Explorer2polar

I've tried to explain to you, but you are incapable of rationale thought.

Checkmate. Thanks for playing.

[Explorer2polar]

Originally Posted by vh2k

Checkmate. Thanks for playing.

“Stupid is as stupid does.” – Forrest Gump.

[bswizzle2552]

These grey market threads are all the same

[Lukebennett21]

Originally Posted by bswizzle2552

These grey market threads are all the same

Yeah, sorry for starting it! The thread... not the arguing.

[subtona]

i believe the shift is coming. there are indications.

[NYG1121]

I see A LOT of hot watches just sitting there at these marked up prices… a lot longer than they were 6 months ago. Not calling the top but there are indicators out there. Lets see what happens but would not be surprised to see some downward pressure on prices.

[Explorer2polar]

Originally Posted by Lukebennett21

Yeah, sorry for starting it! The thread... not the arguing.

No absolutely we must debate the problems with the market.

From my view point, I see a lot of people making a lot of unearned money on the backs of Rolex watch reselling.

The Flipper needs to be eradicated from the market, some people resist that notion because of vested interest.

[Explorer2polar]

Originally Posted by NYG1121

I see A LOT of hot watches just sitting there at these marked up prices… a lot longer than they were 6 months ago. Not calling the top but there are indicators out there. Lets see what happens but would not be surprised to see some downward pressure on prices.

100% agree

[ganiccus]

Originally Posted by subtona

i believe the shift is coming. there are indications.

A grey dealer where I live has a pair of 116520 Daytonas circa 2005 sitting in his store for more than a year at least (overpriced and overpolished as well) and I have just noticed he increased the price on both of them by like two grand because grey market?

[Atone]

Originally Posted by Explorer2polar

The Flipper needs to be eradicated from the market, some people resist that notion because of vested interest.

When the market will no longer bear the markups, that will organically resolve itself. Flippers don’t set the prices.

[subtona]

Originally Posted by ganiccus

A grey dealer where I live has a pair of 116520 Daytonas circa 2005 sitting in his store for more than a year at least (overpriced and overpolished as well) and I have just noticed he increased the price on both of them by like two grand because grey market?

Still sitting there?


I have noticed a popular grey dealer appears to have limited stock to majority of rolex pieces appearing to be steering away from the bigger ticket items he has been known to carry. Rolex will be the last to fall but the relatively narrow lane of sports models are not enough to continue to support all these gray dealers. Just my opinion but I think this is a meaningful indicator.

[1665fan]

Originally Posted by ganiccus

A grey dealer where I live has a pair of 116520 Daytonas circa 2005 sitting in his store for more than a year at least (overpriced and overpolished as well) and I have just noticed he increased the price on both of them by like two grand because grey market?

Key word “over polished”.....people will pay big money but not for over polished junk