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AH0RSEY · 8 June 2020, 07:01 PM

Well I have to say, this is maybe a local statement here in UK, but I was planning to cash in a few watches recently and one of which was my 116509 F series Daytona with Black Racing dial.

Popular model and retailers here in UK are trying to sell for upward of £25k to £27k....thats high. Chrono and other places are very lowest around £20k.

Here's the "but" Watchfinder ( a large dealer here to advertise on National TV ) whom I purchased this watch from just a year ago and bear in mind its a full set, serviced with papers and everything..... offered £10,250. Thats ....well to say a substantial decrease in a year.

Yet today they are selling similar WG watches for over £20k. They don't have this same reference in, so its not they have stock and I've bought and sold watches with them for years - so I'm not an unknown customer. And yes I checked, it wasn't a typo - they did mean that price - and funny they can't speak to me...... what a strange way to treat customers, one of which today they've lost.

Now I'm a business man so understand the mechanics of buy low, sell high. But this is ridiculous and makes me wonder if they are just trying to cash in on circumstances. Fortunately I'm not forced into selling, so the watch won't be going to them.... if I even bother to sell at all.

What are others seeing by your Dealers, similar behaviours?

Johnpierpontmorgan · 8 June 2020, 07:05 PM

Get quotes from various grey.

WF is a Lowballer

Plus the stocks are piling up, they will offer less to control inventory

42itus · 8 June 2020, 07:08 PM

I tried to trade one of my watches with one of TRF trusted seller and giveaway sponsors recently and his trade offer was about 10% less than what it was in February. But I don’t see their selling price dropping so... Maybe they paid higher for the one for sale now.

Sent from my iPhone using Tapatalk

harvey · 8 June 2020, 07:10 PM

It looks like they are reducing their stock levels. I’m pretty sure they used to have approximately 1200 Rolex in stock before... just checked now it’s less than 900.

AH0RSEY · 8 June 2020, 07:10 PM

Quote:

Originally Posted by Johnpierpontmorgan

Get quotes from various grey.

WF is a Lowballer

Plus the stocks are piling up, they will offer less to control inventory

Actually in the past yes they are low, but not ridiculous I've sold two previous Daytonas with them as well as a bunch of other stuff. This quote was just plain ridiculous, other grey's here actually have already offered much more than that.

Stay safe in SG ;o)

Mr Biggles · 8 June 2020, 07:10 PM

Pretty much worldwide
Nobody is really buying for those inflated prices which means low traffic.
In turn dealers hope to get some "cheap" pieces to ride out the storm. Don't let the front trick you, dealers are bleeding. Most of them have liquidity for couple o months but not forever

8 June 2020, 07:01 PM	#1
AH0RSEY "TRF" Member Join Date: Jul 2012 Real Name: Steve Location: Harrogate Watch: OUT !!!! Posts: 829	prices dropping ....or profiteering? you decide. Well I have to say, this is maybe a local statement here in UK, but I was planning to cash in a few watches recently and one of which was my 116509 F series Daytona with Black Racing dial. Popular model and retailers here in UK are trying to sell for upward of £25k to £27k....thats high. Chrono and other places are very lowest around £20k. Here's the "but" Watchfinder ( a large dealer here to advertise on National TV ) whom I purchased this watch from just a year ago and bear in mind its a full set, serviced with papers and everything..... offered £10,250. Thats ....well to say a substantial decrease in a year. Yet today they are selling similar WG watches for over £20k. They don't have this same reference in, so its not they have stock and I've bought and sold watches with them for years - so I'm not an unknown customer. And yes I checked, it wasn't a typo - they did mean that price - and funny they can't speak to me...... what a strange way to treat customers, one of which today they've lost. Now I'm a business man so understand the mechanics of buy low, sell high. But this is ridiculous and makes me wonder if they are just trying to cash in on circumstances. Fortunately I'm not forced into selling, so the watch won't be going to them.... if I even bother to sell at all. What are others seeing by your Dealers, similar behaviours? __________________ Current rotation; AP15500ST grey, White Daytona 116500, WG Black/Red Daytona 116509, White and Black EXP 42, GMT2C.... too many previous it makes my head hurt thinking about them.

8 June 2020, 07:05 PM	#2
Johnpierpontmorgan Banned Join Date: May 2020 Location: Singapore Posts: 545	Get quotes from various grey. WF is a Lowballer Plus the stocks are piling up, they will offer less to control inventory

8 June 2020, 07:08 PM	#3
42itus "TRF" Member Join Date: Sep 2018 Real Name: Tom Location: Honolulu Watch: 116519LN Posts: 3,828	I tried to trade one of my watches with one of TRF trusted seller and giveaway sponsors recently and his trade offer was about 10% less than what it was in February. But I don’t see their selling price dropping so... Maybe they paid higher for the one for sale now. Sent from my iPhone using Tapatalk

8 June 2020, 07:10 PM	#4
harvey "TRF" Member Join Date: Apr 2008 Location: rolexforums.com Posts: 5,426	It looks like they are reducing their stock levels. I’m pretty sure they used to have approximately 1200 Rolex in stock before... just checked now it’s less than 900.

8 June 2020, 07:10 PM	#6
Mr Biggles "TRF" Member Join Date: May 2019 Location: In my home Watch: JLC Reverso 1948 Posts: 122	Pretty much worldwide Nobody is really buying for those inflated prices which means low traffic. In turn dealers hope to get some "cheap" pieces to ride out the storm. Don't let the front trick you, dealers are bleeding. Most of them have liquidity for couple o months but not forever

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