David SW BLNR Relaunch

[VintageVagabound]

There is no better example of a bubble in the industry. I can recall in 2005-6 when the housing market was crazy. People were flipping houses several times before anybody moved in. I wondered when the last person moved into a $200,000 condo that they paid $400,000 for how much more could it go up? Of course we know what happened.

The BLNR will prove profitable for all but the last owner before the bubble bursts. I'm sure somebody paying $15,000 for a $9500 watch is thinking that the prices will only continue to climb and maybe they will for a bit longer. In the end somebody will have paid $20,000 for a watch that is getting no more than $10,000 on the second hand market.

People look at the demand for Rolex and surmise that now that the BLNR with the older movement has been discontinued and replaced with a superior movement that the value should skyrocket as this will be a collectors edition. They made an absolute ton of these watches and they still are. The internet is driving the market. If Rolex ends the "red grape" datejust dial next year it will become the hottest thing on the market even though you can buy them all day long for $5300 - full set. People are no longer buying what they really want but rather trying to guess the next big investment. All things setting up for a bubble burst

[actionkwj]

Originally Posted by davenotize

Its dumb to think that him or other greys are selling at high prices making high profits, they buy high and sell high... would you sell your BLNR, Daytona, BLRO for msrp? Think about this for a second.

Asking people to actually think is a dangerous thing, LOL!


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[toxicavenger]

Originally Posted by dnpina

This forum confuses me. Half of the time greys are evil for driving prices up on sought after SS Rolex. Then when you substitute "grey" with "trusted seller" it's perfectly fine.

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Right. When you put "trusted seller" in the naming convention all the worries disappear and the prices go up. Crazy

[jps3b]

Originally Posted by robcorbe1

In my opinion he is one of the key market makers for Rolex in the secondary market. With the level of respect he gets in running a sound business and volume of watches he moves, it is respect well earned.

Agree OP. Also, I respect him for not asking 20K which he certainly could have and sold it for that price.


@jps3b

[toxicavenger]

Originally Posted by Dr Watches

I’m not sure why everyone is so obsessed with this guy.

What?? Obsession? When there is only 3-6 threads a day talking about him why would you consider this an obsession???

[jps3b]

Originally Posted by dnpina

I didnt want it at retail when it was offered to me 2 months ago. I won't want it at 5.5k above that either. This forum confuses me. Half of the time greys are evil for driving prices up on sought after SS Rolex. Then when you substitute "grey" with "trusted seller" it's perfectly fine. DavidSW is a fine business man and I've bought a Panerai from him. I hope he gets 15 out of that BLNR and I hope the new owner loves it.

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Spot on Sir


@jps3b

[Andrejb]

Originally Posted by Rich Mickol

What a difference two years make.

Sold a BLNR unworn, unsized, unnamed brand new full kit for $9,700 just 7 months ago lol


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[clock]

Originally Posted by Old Geezer

I love my BLNR and LVc which I acquired before the hype started. They show almost no wear because I rotate 8 watches. I never seriously considered flipping but as prices keep climbing my resolve to keep them weakens and PM calls to me more loudly.

If you did go PM, which models would you consider?

[glamorama]

So they pulled stock, called around to the other dealers, agreed on a price and put back up..

[toxicavenger]

Originally Posted by glamorama

So they pulled stock, called around to the other dealers, agreed on a price and put back up..

Seems that way

[piratepress]

Originally Posted by VintageVagabound

There is no better example of a bubble in the industry. I can recall in 2005-6 when the housing market was crazy. People were flipping houses several times before anybody moved in. I wondered when the last person moved into a $200,000 condo that they paid $400,000 for how much more could it go up? Of course we know what happened.

Yep, same thing happened last year with Bitcoin.

[casadecamporolex]

Rolex in the US still shipping LNs to ADs as of yesterday. Just bought one at msrp to add to my collection.

[SlideRacker]

Originally Posted by glamorama

So they pulled stock, called around to the other dealers, agreed on a price and put back up..

Yeah. It’s called price-fixing and it’s really really illegal in the US. These guys need to be very careful because in most other industries they’d be looking at hard time in Club Fed.

[Sublovin]

Originally Posted by Dr Watches

I don’t care. It’s his business what he charges. I’m not sure why everyone is so obsessed with this guy.

Agreed

[Sublovin]

Originally Posted by Noah860

I repeatedly miss the need for such attitude in a constructive post! Maybe talk to a doctor?

How the hell is this constructive? “Hey, a guy who sells used watches raised prices.”

[Headhunter007]

Originally Posted by brandrea

Some will buy at that price or close to it.

I think he and other trusted sellers here are a good proxy for what popular SS references are going for.

I owned the BLNR and traded it for the WG Sub. The BLNR is a nice piece but it's just not that special. IMHO it is certainly not 15k worth of special.

[Ravager135]

Everyone looks at David to see what he values watches on the secondary market. I don't think ANY stainless steel Rolex is worth over MSRP, but who am I to determine what the convenience of access to specific models is? Make no mistake, the inflation you are seeing has almost nothing to do with rarity or true value. It's a simple convenience fee.

As far as David's credibility. I worked with him several times and found the guy to be nothing short of the benchmark when it comes to grey dealers. I trust him over far larger greys with far more inventory. I've never been disappointed with the guy. He has always offered me fair prices for anything I've traded in. I was able to purchase pieces from him below MSRP on several occasions. I can't hate on the fact that he is now able to ask for a lot more.

[jsausley]

Originally Posted by davenotize

Its dumb to think that him or other greys are selling at high prices making high profits, they buy high and sell high... would you sell your BLNR, Daytona, BLRO for msrp? Think about this for a second.

I wouldn't sell my BLNR for $15k.

[jstan9]

Couldn’t agree with you more about DavidSW. My first non ad transaction was with him and it was flawless, down to his personal replies to my texted questions. His stellar reputation is well earned!


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[Anestheticsaregood]

I’ve purchased a LN sub for my dad via dsw back when a used watch went for less than msrp. Great transaction. I look at his site periodically to gauge pricing and see what’s moving.

Interesting fact- he’s sold 3 TT gmt in the last few days since Basel

[mfm22]

It's Business ! not his hobby - what ever the traffic will pay

As said if you want it that bad you pay... Personally .. I don't want or need any watch over the MSRP.
Honestly when thinking about the profit margins on these it's quite amusing

[brandrea]

Originally Posted by Headhunter007

I owned the BLNR and traded it for the WG Sub. The BLNR is a nice piece but it's just not that special. IMHO it is certainly not 15k worth of special.

I agree.

I sold my BLNR after about 6 months of ownership. I sold it for exactly what I paid.

[SlideRacker]

Originally Posted by Headhunter007

I owned the BLNR and traded it for the WG Sub. The BLNR is a nice piece but it's just not that special. IMHO it is certainly not 15k worth of special.

The WG Sub is a stunning piece. It's another one on my short list.

[V25V]

Originally Posted by brandrea

I agree.

I sold my BLNR after about 6 months of ownership. I sold it for exactly what I paid.

Yeah, I was never attached to it in any way either. But now everyone will drool over it because its discontinued? So weird.....

[NYG1121]

No one knows what will happen. One thing for certain is that the original blnr has been discontinued and will always remain the original. Nothing can change that.

I actually think the new one helps the old one retain even better value because it truly will be and maybe already is a collectors item (first 2 toned ceramic bezel, first time these colors were introduced on gmt and now an "older" movement).

[hitman23]

I agree with the points brought up on this thread.

David is great. Best of the greys in terms of customer service/trustworthiness.

Price fixing is a thing.

BLNR is not worth 15k, but someone will buy it.

[crownprince]

Originally Posted by robcorbe1

In my opinion he is one of the key market makers for Rolex in the secondary market. With the level of respect he gets in running a sound business and volume of watches he moves, it is respect well earned.

there are many secondary market makers who are way bigger than him. :-)

[Al1969]

Originally Posted by brandrea

I agree.

I sold my BLNR after about 6 months of ownership. I sold it for exactly what I paid.

Another one here. Bought it in 2014 and "flipped" it towards the WG Sub.

[KFP55]

Any LN's on Bob's have been selling in <24 hrs at $12k+; BLNR's the same at $14k+. DavidSW also bumped the pre-ceramic LN's by ~$2-3k. Pretty remarkable..

[novae500]

who cares what David is charging.. Supply/demand