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

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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[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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[jrs146]

Originally Posted by RHIII

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


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Even if they’re way over market price? Just doesn’t make sense to me. Unless you’re trying to make the market. Which is probably the case here.


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[RHIII]

Originally Posted by jrs146

Even if they’re way over market price? Just doesn’t make sense to me. Unless you’re trying to make the market. Which is probably the case here.


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I seriously doubt it sells for that. I often wonder what the algorithm is in secondary pricing.

I love the 5712 - but it’s not worth anywhere NEAR that. Period.


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[Ichiran]

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

[vtsyrlin]

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

[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

[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.

[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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[Chief Chininki]

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

[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.

[nyc2la]

He’s making a market. Simple.

[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.

[1665fan]

Doesn’t take a guru to constantly raises prices....not rocket science...if there stupid enough to pay charge 75k

[AK797]

Big Euro Grey, Chronext, has them at £47K which is around $62K so similar, and that's after claiming they are discounting it having asked for £50K before.

[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.

[Bonobuds]

DavidSW offered a BNIB 5712 to me in August for $51,500, now a few months later it has appreciated 20% + this watch is in “excellent condition “ vs in August it was BNIB = easy pass

[1William]

The market will determine the price and so will David in what he will take. I watch the prices on several TS sites and see the adjustments, both up and down. There is a buyer for this PP, at close to what David is asking and he knows it. He will sit tight and wait and then get paid. That is the business.

[Fat_ninja]

Was watching TV...

[Russell996]

Originally Posted by tyler1980

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.

To be fair your analogy of your recent house purchase and it being ‘perfect’ for you simply doesn’t translate to the watch market and particularly a standard production model available to order at all AD’s. There are 1000’s, they are all the same, you can buy one at list if you are happy to wait. There is no reason to pay more from one dealer than another. Of course, this could be the correct latest crazy market price.

[jrs146]

Originally Posted by tyler1980

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.

Originally Posted by 1William

The market will determine the price and so will David in what he will take. I watch the prices on several TS sites and see the adjustments, both up and down. There is a buyer for this PP, at close to what David is asking and he knows it. He will sit tight and wait and then get paid. That is the business.

I get where you guys are coming from. I guess when you have unlimited funds/resources you can do this. I would imagine most dealers are more interested in moving inventory and intentionally making sure they are not sitting on product for too long. Sitting on inventory has the opportunity cost of having those funds tied up which could otherwise be used for more inventory. However I’m guessing David is very well funded and this may apply less to him if at all. If that’s the case I see how he could just sit and become a market maker. I wonder how long he’s willing to sit before he considered it over what the market will bear. Or maybe that doesn’t happen with him lol.


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[slickrick68]

Originally Posted by Bonobuds

DavidSW offered a BNIB 5712 to me in August for $51,500, now a few months later it has appreciated 20% + this watch is in “excellent condition “ vs in August it was BNIB = easy pass

excellent condition=used. Good job passing.