Grey Market Prices Coming Down (daily tracker)

[superdog]

Originally Posted by Hollie_Rollie

https://forums.watchuseek.com/f30/ro...topics/5157587


This is a good indication of things to come. Hopefully he bought via an AD or he’s hemorrhaging money. This would’ve sold at 15k easy 2 months ago. Now he can’t unload it lmao

I find stuff like that sad.

Tough times.

[Hollie_Rollie]

Originally Posted by superdog

I find stuff like that sad.

Tough times.

Hardly sad. If he bought from an AD he’s OKAY.

[Commonproject]

Originally Posted by Hollie_Rollie

Hardly sad. If he bought from an AD he’s OKAY.

Don't think he bought from an AD. Didn't even have the decency to blank out the person's name lol

[superdog]

Originally Posted by Hollie_Rollie

Hardly sad. If he bought from an AD he’s OKAY.

Very sad that these are the times we are in.

Regardless of where he bought it.

I much preferred the premiums and everyone’s whining about that, rather than the real life problem that’s leading to this sellers challenges.

[Hollie_Rollie]

Originally Posted by Commonproject

Don't think he bought from an AD. Didn't even have the decency to blank out the person's name lol

Haha good point. Well that sucks.

[iatacs19]

Annotation 2020-04-05 185309.jpg

eBay is trying to help sellers too. The eBay final value fee is 10% I think.

[Hollie_Rollie]

Originally Posted by superdog

Very sad that these are the times we are in.

Regardless of where he bought it.

I much preferred the premiums and everyone’s whining about that, rather than the real life problem that’s leading to this sellers challenges.

Was going to happen eventually regardless

[Fedpete]

Originally Posted by Tan

Just don't buy right now, let the prices keep falling, we're just at the start.

^


Sent from my iPhone using Tapatalk

[superdog]

Oh boy.

This thread feels like vultures circling the wagons.

Over a luxury watch. Yikes.

[Wahlberg]

Originally Posted by superdog

I find stuff like that sad.

Tough times.

I really don't see what is sad.

The current pandemic and people being ill and dying is sad. But this guy willingly put xxx amount of money into that watch hoping to make a profit. If he loses money on it, that's how the market works. You take a gamble, that's life.

If you don't want to lose or are scared to get hurt you don't take the risk. It's an 8.5k watch, not a 15k one.

[Patton250]

Originally Posted by superdog

Oh boy.

This thread feels like vultures circling the wagons.

Over a luxury watch. Yikes.

That’s exactly what it feels like.

[superdog]

Originally Posted by Wahlberg

I really don't see what is sad.

The current pandemic and people being ill and dying is sad. But this guy willingly put xxx amount of money into that watch hoping to make a profit. If he loses money on it, that's how the market works. You take a gamble, that's life.

If you don't want to lose or are scared to get hurt you don't take the risk. It's an 8.5k watch, not a 15k one.

Exactly. You don’t see what’s sad.

And that’s what’s so sad about it.

[Wahlberg]

Originally Posted by superdog

Exactly. You don’t see what’s sad.

And that’s what’s so sad about it.

That's the world I guess. I don't take happiness from someone else's downfall.

What I do think and feel is that people have become very greedy in the past 4-5 years with these watches. Perhaps it's better to make a quick smaller profit than get 3-8-10k or more.

Same goes for other big industries. I hoped for a reset so companies would rethink their current strategies (for example, too many cars are being built, too much of everything and everything has to be pushed down everyones throat), but not in this way. Because the current virus already has a huge impact and everyone loses in the end, well almost everyone.

[Hollie_Rollie]

Originally Posted by superdog

Oh boy.

This thread feels like vultures circling the wagons.

Over a luxury watch. Yikes.

Absolutely, and we’re hungry for msrp!

You’re on a luxury watch forum. What did you expect?

I feel like the people that thought this day would never come seem utterly shocked it’s coming so quickly and swiftly.

Most people were smart enough to know a 17k watch that was 9.7k msrp wouldn’t hold

[TheVTCGuy]

I would like to see SS models at MSRP and AVAILABLE, be able to walk in to an AD and purchase whatever you want. I don’t think it will happen anytime soon, but having a buyers market would be a nice change for Rolex products. Please note: I do not make any reference to the current health crisis, I am just saying it would be nice to be able to walk in and purchase a Rolex at MSRP, NOT that we should all be glad hard economic times are ahead.

[Patton250]

Originally Posted by Hollie_Rollie

Absolutely, and we’re hungry for msrp!

You’re on a luxury watch forum. What did you expect?

I feel like the people that thought this day would never come see utterly shocked it’s coming so quickly and swiftly.

I don’t think that’s what he meant. I think he means it’s disappointing to see so much dislike/ anger for our trusted sellers and other Grey dealers hoping that they will now suffer financially since a recession is probably upon us. All because some people are mad at them because they have sold and are still selling watches for what people will freely pay for them.

[Commonproject]

Originally Posted by superdog

Exactly. You don’t see what’s sad.

And that’s what’s so sad about it.

Oh come on let's be real now. There is nothing "sad" about a post that has to lower price (still 50%+ premium over MSRP for that matter) on a watch because the market conditions command it. It's a free market where there are winners and losers, just like how Zoom is winning big right now and airlines are losing big. Just like how greys/dealers have won for the past several years and end consumers have lost paying large premiums.

What's actually sad are the people suffering and dying from the pandemic.

[kieselguhr]

Originally Posted by superdog

Oh boy.

This thread feels like vultures circling the wagons.

Over a luxury watch. Yikes.

[iatacs19]

Originally Posted by Commonproject

Oh come on let's be real now. There is nothing "sad" about a post that has to lower price (still 50%+ premium over MSRP for that matter) on a watch because the market conditions command it. It's a free market where there are winners and losers, just like how Zoom is winning big right now and airlines are losing big. Just like how greys/dealers have won for the past several years and end consumers have lost paying large premiums.

What's actually sad are the people suffering and dying from the pandemic.

Yes.

[Hollie_Rollie]

Originally Posted by kieselguhr

The one with the hair over it’s eyes is me right now, considering I can’t get a hair cut. So this is accurate

[goodolejr]

Originally Posted by superdog

Oh boy.

This thread feels like vultures circling the wagons.

Over a luxury watch. Yikes.

Originally Posted by Patton250

That’s exactly what it feels like.

So when grays take advantage of a tightening market, they're savvy capitalists participating in the free-market economy.

When buyers call attention to the softening market--which was partially tightened by the grays artificially--they're vultures.

Cool.

[goodolejr]

Originally Posted by Hollie_Rollie

The one with the hair over it’s eyes is me right now, considering I can’t get a hair cut. So this is accurate

Lol

[Patton250]

Originally Posted by goodolejr

So when grays take advantage of a tightening market, they're savvy capitalists participating in the free-market economy.

When buyers call attention to the softening market--which was partially tightened by the grays artificially--they're vultures.

Cool.

That was probably one of the best spin jobs I’ve seen in a while. Have you considered working for CNN?

Have you actually read all the comments about Greys on this thread and others??? Probably not.

[goodolejr]

Originally Posted by Patton250

That was probably one of the best spin jobs I’ve seen in a while. Have you considered working for CNN?

Would love an explanation on how that's a spin job and not an observation. I'll wait.

[audipwr1]

Point is when the prices do crash 99% of the people here won’t be willing to buy that’s how it works - so a grand here or there down is fun to chat about when a Daytona is 5k most people won’t be buying one for the same reason the seller is trying to get that little

I’d rather pay over in a boom, agree things got out of hand on the amount over though and frankly Rolex would have had a lot more of my money had they controlled that

[maxlfoster]

As a relatively new enthusiast last year I was very surprised by the premiums needed to acquire hot SS models. It was a bit disheartening given that Rolex makes a million watches a year. I understand greys provide liquidity and ADs probably don’t hate that they “support” the market while it is tight by restricting what is available and at what price...but I think the theme on this thread is pretty consistent. We all want watches to be available at MSRP, thru greys or ADs or whomever else is willing to sell on places like Chrono24 and TRF. There may be resentment for some. But I’m the end we are all here because we are enthusiasts and are excited at the prospect of buying another watch.

This is of course a very difficult time for many. I don’t have an issue with those licking their chops to buy MSRP.

Max


Sent from my iPhone using Tapatalk

[Patton250]

Originally Posted by goodolejr

So when grays take advantage of a tightening market, they're savvy capitalists participating in the free-market economy.

When buyers call attention to the softening market--which was partially tightened by the grays artificially--they're vultures.

Cool.

Originally Posted by goodolejr

Would love an explanation on how that's a spin job and not an observation. I'll wait.

A handful of buyers are calling attention to the softening market while the rest are licking their chops excited to watch anyone who made money off of a watch to suffer financially including ADs. That’s why I have got to assume that you have not read this whole thread or any of the other ones in their entirety. If you had you would understand what I’m saying and either agree with me or agree with them. There are most definitely guys participating in this thread that are just happy if they could buy a green sub or Pepsi at MSRP. Then there are others that seem extremely happy that the whole system could quite possibly collapse and are happy to capitalize off that especially if it teaches a few people lessons that should’ve never in their eyes allowed prices to get where they were to begin with.
I hope that clarifies where I’ve been coming from.

[mr_gray]

some of the sanctimonious/maudlin garbage being posted on here is what makes me sad. weird people who think it is remarkable that watch enthusiasts might have some interest in cheaper watches.

honestly if you don't like the thread or don't want to participate in the thread just don't.

also posters, in case you didn't know, posting your disapproval re: an issue repeatedly on a thread IS trolling. this is why people say you're a troll. because you get involved in things you don't approve of and distract and antagonise. if this thread ain't for you maybe it ain't for you.

[subdownunder]

Originally Posted by Patton250

I don’t think that’s what he meant. I think he means it’s disappointing to see so much dislike/ anger for our trusted sellers and other Grey dealers hoping that they will now suffer financially since a recession is probably upon us. All because some people are mad at them because they have sold and are still selling watches for what people will freely pay for them.

Really?
Since when did grey dealers give a damn about us?

The first rule about all dealers whether car, real estate, insurance, financial advisors or, watch dealers is that they see you as a cash cow, not as a friend. They are in business to make money and that’s a perfectly legitimate and honourable pursuit. Being seen as a friend is a sales tactic and If you consider them as friends you are the proverbial deer in their headlights.

They are in business to sell you watches for as much profit as they can make, pure and simple, pay you as little as possible when they buy and sell to you for as much as possible, and if they get reamed by falling prices so be it, you probably got reamed on the way up.

If they go bankrupt then too bad, its sad for the individual and company, but new players will enter into the void and hopefully learn from the madness of bubble economics and failure to make provision thus bringing a more stable business model.

This is the truth of a functional marketplace, and sentiment plays no part.

[Commonproject]

Originally Posted by goodolejr

Would love an explanation on how that's a spin job and not an observation. I'll wait.

Lol please don't encourage Patton to post more of his non-sense. He prob has tons of friends that are grey dealers or are being paid by them to troll