Who is buying Precious Metal pieces

[scooba]

Hi Guys

Who is buying PM pieces and are you getting deals like before Covid, The reason I ask is there is so much knocking about with greys at or below list ,Why would you buy from a AD , The same AD you Moaned about for not selling you bits . Are you now returning the love ?

[scooba]

A classic example is a Blueberry list is £35 in the UK 🇬🇧 they are now 20% below list slightly used ,I thought I’d try Watchfinder who offered £22,000 .

[Calatrava r]

I have to agree with you. The market has changed so much in recent years. I see a lot of PM at or below MSRP in the secondary market. I think it now makes a lot of sense to first price the watch you want on-line and if its available at or below retail price from a reputable seller, it makes sense to buy it rather than waiting for who knows how long at an AD.

[honuswagner13]

The 2 pieces I’ve been watching to add to my collection is the rose gold olive dd and the new rose gold blue Skydweller.

The dd is about $6k over retail and the rose gold blue skyd is about $11k over. These were way over msrp, dd was close to $100k.

I think in the near future these too will be close to msrp and I won’t have to play AD games with these models.

[windingmybusiness]

You mean Rolex watches aren’t investments that perpetually appreciate after all?

[Charlie Tango]

Originally Posted by windingmybusiness

You mean Rolex watches aren’t investments that perpetually appreciate after all?

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[garg]

The current dated unworn gold subs are about 7% below retail at greys now. I was just in a rolex boutique 3 days ago, saw a gold sub in the display and asked if it was available for sale. It was not.

If greys can sell it below retail, it means that the cost of them acquiring a piece is even lower. Or maybe a bundle deal was made...

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[wgdaytona]

I bought a few months ago...
IMG_1845.jpg

[codecow]

I bought a DD40 onyx. My guess is it isn’t under MSRP + tax.

[zagazar]

Sydweller 336235 slate dial is available at my AD for anyone to pick up. Sitting at display for days now. AD said that many customers on list are rejecting watches. He said that even one hard core collector rejected 36mm celebration dial and they gave it to next customer on list.

[codecow]

Originally Posted by zagazar

Sydweller 336235 slate dial is available at my AD for anyone to pick up. Sitting at display for days now. AD said that many customers on list are rejecting watches. He said that even one hard core collector rejected 36mm celebration dial and they gave it to next customer on list.

What?!!?

Rejecting a Celebration is insanity, they’re not expensive at all and if you don’t like it, it’s free money.

[the dark knight]

I remember prior to recent years people would buy PMs from ADs with very good discounts, otherwise many would go grey. Again, grey used to be where you would go to get Rolexes at a discount, not to pay a premium for one you couldn't get at the AD.

Wouldn't be surprised if very soon ADs start once again backdooring some of their PM inventory out to greys.

[Bigsoftee]

I’m still buying. More selective on the PM pieces I am buying though.

[TheHulk]

I’m buying PM Rolex’s and getting somewhere between a 15 and 20% discount. Have to know how to negotiate. NOT!!!

[Kenny G]

I’m interested in a PM piece but won’t be paying over retail to get one.

With no catalyst to turn things back to the crazy days interest will likely keep declining. Many of the buyers and sellers (flippers) over the past while could care less about watches and were just in it for the hype and quick buck.

[Bassplayer]

Will buy 40mm day date soon - happy about trend…


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[scooba]

Originally Posted by windingmybusiness

You mean Rolex watches aren’t investments that perpetually appreciate after all?

Never bought a watch as an investment,I only buy what I like and been doing that for 30 years . A member here for 15 +

I am asking more about who is buying from ADs when you can buy for less from the Grey Market. I am all for loyalty nut dropping £35 on a WG Sub you can pick up for £27 or less doesn’t make much sense to me . Then I tested the water offering the same watch to Watchfinder to be offered £22k , made me think even harder. Having bought PM with 25% discounts in the past ,I’m just curious who buys from a AD when there are such huge savings to be had . Even more so when People come on here moaning . I see one post suggesting they are getting 20% off PM pieces .That’s good to know.

[DocHorton]

Bought a YG DD40 a couple months ago from an AD, paid MSRP. Only four other watches I would consider buying currently (three are PM), and two of them are discontinued (WG YM2 and Blue Milgauss). The other two are the new YG GMT and YG DD40 with the green dial. I would pay MSRP for both of those.

[996marty]

Buyers with lots of £££ usually buy them but now it would seem at a reduced price

[WOOPS]

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[Podmornica]

Originally Posted by TheHulk

I’m buying PM Rolex’s and getting somewhere between a 15 and 20% discount. Have to know how to negotiate. NOT!!!

No need to have the negotiation skills. Some of them are already at 15% OFF, more are coming at discount with each passing month.

At this point it would be a poor decision to purchase any PM at the AD, since the grey dealers are the one who actually need to follow the market demand and offer discount on the pieces that are not moving.

AD still have those years long wait list they are clearing. Once that dries out in the coming months we will start to see 10-15% discount on PM pieces at the AD by Summer 2024.

[BriansRolex]

I've bought 2 PM pieces in the past few months :)

[TomCarter]

Bought YG DD 40 w/ green dial a few months ago from my ad, if a full gold GRNR or Platinum or full YG Daytona become available I would buy them also. Besides that I would only be interested in special dials stone, Meteorite etc.

[Booth9999]

Originally Posted by BriansRolex

I've bought 2 PM pieces in the past few months :)

The question is AD or grey for a discount?

[Watchesnguitars]

Originally Posted by TomCarter

Bought YG DD 40 w/ green dial a few months ago from my ad, if a full gold GRNR or Platinum or full YG Daytona become available I would buy them also. Besides that I would only be interested in special dials stone, Meteorite etc.

Congrats on the lovely pieces.. How long was your weight for the YG green dial? I put in a request for that one or the silver one a couple weeks ago.. Obviously the green dial is much harder to get but have a decent purchase history so was just curious as to your experience?

[Webster2281]

where the heck have the YG YM2's gone? Never see a post anymore and dont see much supply on the classifieds here or anywhere else online.

Maybe Rolex is slowing production??

[DTNSS]

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[Rolex1982]

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[Cambo]

People buying PM pieces are (hopefully) people that can afford them. Just because a PM piece seems affordable (at a “discount”), doesn’t mean it is a great deal/investment,relative to one’s budget. To the younger watch aficionados, please make sure your more important expenses (mortgage, food, insurance, long term investments) are taken care of first. Please!

[TomCarter]

Originally Posted by Watchesnguitars

Congrats on the lovely pieces.. How long was your weight for the YG green dial? I put in a request for that one or the silver one a couple weeks ago.. Obviously the green dial is much harder to get but have a decent purchase history so was just curious as to your experience?

I spoke to my SA and told him I wanted to purchase the watch to celebrate a special occasion and to my surprise I had it 2 weeks later. I do have a good relationship and have purchased multiple pieces with that particular ad but I’m definitely no whale. Felt like right place right time kind of thing honestly.