Quote:
Originally Posted by watchwatcher
We are witnessing the dawn of a new day with PM. Let's just see what happens...
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This is very true.
I was at a Rolex AD on Weds night and the take away from conversations that i had were...
1) Discounting has stopped or is
stopping on PM. Of course there will be small dealers continuing the discounting here and there, but the big gun chains are NOT discounting PM.
2) In affluent areas with the high volume dealers, those dealers are pretty much past the SS "Shortage". It isn't affecting their D2D business as they are upselling to TT, PM or just going to DJ..the sales associates earn higher commissions of those, so they are fine.
3) There is a waiting list forming for some PM models. Gold Subs and some of the Gold Skydwellers are waitlist at some AD.
4) The market value potential of Rolex is finally being realized. The general public consumer has always been willing to spend more money on Rolex than everybody assumed and the "shortage" of lower priced SS sports references is showing that as the shift to TT and PM begins.