ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
21 April 2020, 01:33 PM | #61 |
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The situation in canada...
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21 April 2020, 01:35 PM | #62 |
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I'm not a flipper.
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21 April 2020, 01:37 PM | #63 |
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Can you imagine if someone at Rolex 50 years ago or whatever wondered if anyone would go through this nonsense for a red and blue bezel gmt watch?
Wilsdorf himself would likely call us losers, and I’d tell him he could be right. |
21 April 2020, 01:39 PM | #64 |
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Let me try to simplify my point.
1. Rolex started controlling supply heavily (in many ways) 2. They told all there dealers to follow this strategy or risk losing their license 3. Only selected people started getting supply 4. Those select people sold to greys at inflated prices to make money, or directly to private buyers on sales forums. 5. An oversupply has now formed mainly at grey dealers. 6. The few of us that did not qualify as select buyers now cannot get get anything from the AD. 7. This is due to the fact that most of the watches were flipped by the people who were in the “select” group, which was what the ADs were trying to avoid. 8. Now all those watches are in grey dealers hands, at ridiculous prices, that us people that were not in the “select group” can afford. 9. Now that this pandemic has spread, this oversupply is just sitting everywhere, not getting sold
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
21 April 2020, 01:41 PM | #65 | |
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Quote:
Flipping has gone on for along time by a lot of people At one time on this forum, there were a LOT of successful flippers There was a lot to go around. Everybody bought and sold, made some money everybody was happy Everybody had a choice, buy grey or dealer, no problem Now everything is a mess
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 01:43 PM | #66 | |
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So you’re upset that you can’t get a watch from an AD because of people like you in the past who have flipped watches, thus creating the current situation? Lol self awareness much? Sent from my iPhone using Tapatalk |
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21 April 2020, 01:44 PM | #67 | |
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In other words, ure upset at the situation you yourself helped create? Sent from my iPhone using Tapatalk |
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21 April 2020, 01:52 PM | #68 |
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This is one strange thread.
But very entertaining. Two things: one, it's pretty hard for the AD to tell who the flippers are, unless they repeat purchases, or slip that they sold/flipped. Two, waiting for a watch, whether they are being sold to flippers or the general market still means waiting. Because the flippers are selling to a host of retail customers that the AD would have had to supply if a "flipper/grey" didn't exist in our reality! |
21 April 2020, 01:53 PM | #69 | |
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Quote:
Not control supply and watch everything turn chaotic
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 01:55 PM | #70 | |
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As already stated, I have been out of the game since the supply control started 3 years ago I have never sold a watch over msrp like most others didnt at the time When I sold, rolex had oversupply, enough to go around for everyome I am definitely have not contributed to this problem
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 01:57 PM | #71 | |
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I see your point. To make matters worse, those inflated prices won’t go down very far because of the price paid to obtain them. Most likely, they won’t budge because sellers would rather wait out the storm. The watch you are looking to get is one you want for your private collection and don’t intend to sell in the near future, if I’m understanding you correctly... hence, the aggravation of not being able to obtain it. Sent from my iPhone using Tapatalk |
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21 April 2020, 01:58 PM | #72 |
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21 April 2020, 02:06 PM | #73 |
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i just finished reading all the replies and postings that was wasted 10 mins of my life but this is very amusing :) cheers fellow canuck!
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21 April 2020, 02:10 PM | #74 |
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Doesn’t the fact that these watches are harder to get add to their cachet/perceived value?
I would think that fact makes it more rewarding when you finally acquire the watch you want. And it may also make you think twice about flipping again. |
21 April 2020, 02:12 PM | #75 | |
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I think the hype started when not anyone could get what they wanted, when rolex told ADs to select their buyers This created an illusion of undersupply and overdemand, which artificially drove up prices. The “selected buyers” then capitalized on this situation, as any logical person would and selling bnib to greys In reality, rolex “created” all these flippers unknowingly, that would nt normally exist, creating a new middleman so to speak
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 02:14 PM | #76 | |
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Quote:
__________________
We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 02:15 PM | #77 |
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You also nailed it! Thanks man!
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
21 April 2020, 02:28 PM | #78 |
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I bought 7 watches ( Rolex and Tudor) over the past 3.5 years. Never sold any and have no plan to sell any but to buy more.
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21 April 2020, 02:52 PM | #79 | |
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I wish I could do that One at a time is all I can do
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We want to be the first in the field and Rolex should be seen as the one and only-the best. Hans Wilsdorf, Rolex founder |
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21 April 2020, 03:02 PM | #80 |
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Can I ask where you get the evidence of Rolex is controlling their supply instead of the demand have increased over the years due to the past 10 years of economic boom? Is it your assumption or do you have facts backing your words?
Second, even if Rolex is limiting their supply, that's their business and they can do whatever they are pleased with. If selling less and making less money is what they want so be it, I don't see any problems with it. The real problem is the flippers because they are only in the market to make money and not to enjoy the watch. They bought the watch not to wear but to make a profit. If these people weren't in the market, there will be more supplies for real watch collectors. Rolex did not and do not want flippers flipping their watches to make a profit so real watch collectors could not purchase the watch they desire for years. Please explain why this is Rolex's fault and not the flippers? |
21 April 2020, 03:30 PM | #81 |
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OP, I am a fellow flipper. Let me try to help you out...
You sold this watch in the last month (in the process naming your AD; I am guessing they didn't sell too many of that model on that exact day): https://www.rolexforums.com/showthread.php?t=730770 Then you sorta went weird by negotiating a price with a reseller without any intent but to show everyone how badly resellers are struggling (classic concern troll maneuver): https://www.rolexforums.com/showthread.php?t=734158 In doing that, I think a few people (rightfully) felt as though you had trolled TRF (in fact, a mod mentioned that specifically). As if that weren't enough, you are now back to complain about 1) your AD accusing you (rightfully again it would seem) of flipping watches and 2) how unfair it is that an AD would choose to not sell to you. Are you seriously so confused? Or are you trolling us? I know where I'd bet my money. |
21 April 2020, 04:21 PM | #82 | |
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Quote:
We have a grey dealer complaining about Rolex availability from an AD? Quit while you're behind Andy.
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21 April 2020, 04:58 PM | #83 |
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To the OP...You doing too much explaining. This is a battle you cant win on here. Many on here will always feel a way about you selling your watches and refute your claim of not being a flipper. Just let it go. They were your watches and no one elses. You did whatever you deemed best for you at that time.
If you get the watch you want form the dealer, then good for you. If you decide to sell it again, thats your prerogative. Its North America...land of Capitalism. That being said, I understand the emotions running around here. I am Canadian and know how HARD it is to get Rolexes here. So its pretty frustrating to read that you got 4 desirable watches and for whatever reason sold them for profits. But hey, like i said...your prerogative. I got into the Rolex hobby last August. Acquired 3 Rolexes I love so much since then and don't intend on selling any. But if my business was failing as u claimed yours was, i honestly would do the same. Good luck with your search. |
21 April 2020, 05:36 PM | #84 |
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If someone wants the Pepsi badly, then they'd be willing to buy it at a grey dealer, even with the premium.
If one really wants the watch, and I do mean THE WATCH, why is MSRP so important? My understanding so far, is that people want to get the watch at MSRP because: - to give an impression that they are 'cool' because they have good connections with an AD, - to flip at maximum profit. Therefore, I think the only people complaining are flippers. |
21 April 2020, 05:52 PM | #85 | |
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Quote:
Also, where do you think grey dealers get their supply of “rare” BNIB watches (often with factory stickers still on)? For the most part, it’s not from guys like you, languishing on a waitlist for two years hoping to flip a single piece. If you want to be in the flipping game, you have to move on with the times. AD’s offload directly to greys at significant markups, this is a well-known fact. But they do it in a clandestine fashion because the practice is not officially encouraged by Rolex. At the end of day, none of this should upset someone who likes to quote Milton Friedman. That’s just how the market economy works. |
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21 April 2020, 06:50 PM | #86 |
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No need to buy from a grey dealer. You just have to sell to the AD that your are a potentially good customer.
Ill leave the rest to your imagination but if any of you are good in sales its not too difficult to get what you want. I got my Submariner Hulk in less than 2 weeks at a high traffic dealer in Los Angeles. I understand not everyone has these abilities, but those who do and know how to sell yourself well then it is pretty smooth sailing. |
21 April 2020, 06:58 PM | #87 | |
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It's not a good idea to simultaneously seek sympathy and support whilst burning bridges. |
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21 April 2020, 07:37 PM | #88 |
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21 April 2020, 07:47 PM | #89 |
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I've no sympathy for you. I have retained and never sold any of my Rolex watches.
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21 April 2020, 08:37 PM | #90 | |
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You have to remember there aren't that many BLROs out there, first of all the ceramic Pepsi bezel insert is hard to produce, there are many variations that happened already allegedly to decrease the percentage of defective bezel inserts. Also the bezel on BLRO is different than on BLNR or LN or CHNR bezels. Because the BLRO insert is brittle. Add being the iconic bezel for GMT and the better looking SS GMT, many people want it and not many are being produced. If you think nobody is buying them, think again. |
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