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FistFlight · 10 July 2019, 07:58 AM

My shopping center hassle Gray with new/unworn inventory. Stopped in to check it out today and the owner shows me their Rolex collection, all of the hot SS models were in the case with tags.

No more than two minutes into browsing a 50 something year old pulls up in a 100K car (no pre-owned hooptie) carrying an AD botique bag with a Rolex WG YM he had bought that same day. He unloaded it on the spot and drove off.

Owner tells me there are a lot of people who have been doing this since the Panerai days, and now it’s Rolex’s turn, and that’s what keeps them in business.

Just some information I thought you’d like to hear and add to the already abundant amount in this forum.

broham84 · 10 July 2019, 08:02 AM

Yikes, RG YM... probably took a bath on that.

FistFlight · 10 July 2019, 08:22 AM

Quote:

Originally Posted by broham84

Yikes, RG YM... probably took a bath on that.

Sorry, I meant WG

RyanJ · 10 July 2019, 08:27 AM

Flipping has been going on forever and will continue. It is actually a value add as it keeps a strong secondary market going on all types of watches.

The key word is value add as in an additional way to buy and sell. The issue we have now is it has become too profitable not to flip most models. It is very unbalanced at the current time.

droptopman · 10 July 2019, 08:27 AM

Who is the grey dealer in Seattle? Did not know we had one.

Swashplate · 10 July 2019, 09:03 AM

Quote:

Originally Posted by droptopman

Who is the grey dealer in Seattle? Did not know we had one.

Me either....and all of the ADs that I frequent, you cannot see the street from inside.

rtalk · 10 July 2019, 09:12 AM

I could only hazard a guess. Porcelllo Jewlers which is a family owned small business that deals in Rolex. I could be wrong. And FYI. I’m not implying anything about them. They are just a dealer like any other dealer.

droptopman · 10 July 2019, 09:14 AM

Quote:

Originally Posted by Swashplate

Me either....and all of the ADs that I frequent, you cannot see the street from inside.

True, in malls/centers or Goldfarbs has the windows dressed so you cannot see out.

FistFlight · 10 July 2019, 09:25 AM

Isn’t any jeweler that dabbles in re-sale considered a Grey? I could have that wrong. Also this was not in Washington, but Texas.

Swashplate · 10 July 2019, 09:39 AM

Quote:

Originally Posted by rtalk

I could only hazard a guess. Porcelllo Jewlers which is a family owned small business that deals in Rolex. I could be wrong. And FYI. I’m not implying anything about them. They are just a dealer like any other dealer.

Oh I would imply all sorts of things about those people.....

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FistFlight · 10 July 2019, 09:49 AM

Quote:

Originally Posted by Swashplate

Oh I would imply all sorts of things about those people.....

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rtalk · 10 July 2019, 12:45 PM

Quote:

Originally Posted by Swashplate

Oh I would imply all sorts of things about those people.....

Sent from my iPhone using Tapatalk

Unfortunately Grey Dealer implies a negative connotation and I don't want to get involved in any drama in the community.

Swashplate · 10 July 2019, 12:50 PM

Quote:

Originally Posted by rtalk

Unfortunately Grey Dealer implies a negative connotation and I don't want to get involved in any drama in the community.

I don't consider them a Grey dealer at all. I would consider that a bad thing if they were. Just did not leave a nice taste in my mouth the last few transactions I have had.

They only sell preowned units, and estate jewelry...

10 July 2019, 07:58 AM	#1
FistFlight Banned Join Date: Jun 2019 Location: In flight Posts: 117	Flipping is more prevalent than even I thought My shopping center hassle Gray with new/unworn inventory. Stopped in to check it out today and the owner shows me their Rolex collection, all of the hot SS models were in the case with tags. No more than two minutes into browsing a 50 something year old pulls up in a 100K car (no pre-owned hooptie) carrying an AD botique bag with a Rolex WG YM he had bought that same day. He unloaded it on the spot and drove off. Owner tells me there are a lot of people who have been doing this since the Panerai days, and now it’s Rolex’s turn, and that’s what keeps them in business. Just some information I thought you’d like to hear and add to the already abundant amount in this forum.

10 July 2019, 08:27 AM	#5
droptopman "TRF" Member Join Date: Jun 2015 Real Name: Mark Location: Washington State Watch: SUBS and GMT's! Posts: 9,664	Who is the grey dealer in Seattle? Did not know we had one. __________________ Judge Smails: Ty, what did you shoot today? Ty: Oh, Judge, I don't keep score. Judge Smails: Then how do you measure yourself with other golfers? Ty: By height.

10 July 2019, 09:12 AM	#7
rtalk "TRF" Member Join Date: Sep 2017 Location: Seattle Watch: 16710T Posts: 547	I could only hazard a guess. Porcelllo Jewlers which is a family owned small business that deals in Rolex. I could be wrong. And FYI. I’m not implying anything about them. They are just a dealer like any other dealer. __________________ 116519 Grey dial Oysterflex Daytona. 116500 Black. 116710BLNR. 16710T. Rolex Explorer I 39MM. 4 digit DateJust. JLC Master Control with Sector Dial. Omega FOIS. Grand Seiko Four Seasons (Spring Version). Tudor Royal. IWC Cal 83 (~1940s). 41MM sub. Omega CK859.

10 July 2019, 08:02 AM	#2
broham84 "TRF" Member Join Date: Dec 2014 Location: New Jersey Posts: 610	Yikes, RG YM... probably took a bath on that.

10 July 2019, 08:27 AM	#4
RyanJ "TRF" Member Join Date: Mar 2019 Location: Atlantis Posts: 1,448	Flipping has been going on forever and will continue. It is actually a value add as it keeps a strong secondary market going on all types of watches. The key word is value add as in an additional way to buy and sell. The issue we have now is it has become too profitable not to flip most models. It is very unbalanced at the current time.

10 July 2019, 09:25 AM	#9
FistFlight Banned Join Date: Jun 2019 Location: In flight Posts: 117	Isn’t any jeweler that dabbles in re-sale considered a Grey? I could have that wrong. Also this was not in Washington, but Texas.

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