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29 March 2019, 02:16 PM | #121 |
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Grey market prices are simply a reflection of supply and demand. Thats it.
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29 March 2019, 02:18 PM | #122 | |
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FYI I have never done business with David but have met him and hung out with him on more than one occasion. Great guy and I wouldn't hesitate to do business with him. |
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29 March 2019, 02:24 PM | #123 |
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The reason guys like DavidSW can ask such prices is because he only needs one buyer for that watch and his market territory is basically anyone on the planet with a browser. So there is pretty much always someone willing and able to pay. At least for now. At some point, who knows when, the bubble will burst. Look at the real estate market in Australia. One estimate is that 40% of all homeowners are in negative equity.
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29 March 2019, 02:27 PM | #124 |
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David’s A good guy. Have done several deals with him. Including when I sold him my blnr for $8500 last year. Ouch...
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29 March 2019, 02:30 PM | #125 |
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I sold DavidSW my Panerai several months ago. Very upstanding and all around good guy. I would buy or sell with him w/o hesitation.
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29 March 2019, 03:00 PM | #126 | |
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Quote:
Govberg Bob's Watches Chrono24 - although more of a marketplace, e.g. Ebay |
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29 March 2019, 03:23 PM | #127 |
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I haven't been on here in a few years and feel like I've missed something. Are grey's charging MSRP or higher for new watches now? If so why not buy from AD?
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29 March 2019, 03:40 PM | #128 | |
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You’ve been out the game. There are NO steel sports rolex watches at ADs. Practically none. Only from greys and for certain models prices are almost double. Welcome to 2019. Sent from my iPhone using Tapatalk |
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29 March 2019, 03:49 PM | #129 | |
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Quote:
Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted. Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega. This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD. |
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29 March 2019, 04:02 PM | #130 | |
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29 March 2019, 04:11 PM | #131 |
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There's a sucker born every minute... 15k for a GMT stainless Rolex..
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29 March 2019, 04:12 PM | #132 | |
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Quote:
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29 March 2019, 04:19 PM | #133 |
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Thanks for filling me in. Is WG still reasonably priced via gray or are they shooting up as well?
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29 March 2019, 04:19 PM | #134 |
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There are no steel watches at AD's. I really hope you don't believe that.. That depends on who you are if they are there or not.
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29 March 2019, 04:53 PM | #135 | |
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....a while ago you got the nicest Flat 4 or Daytonas, or 1675 for "nothing" - now you could sell them for far more the double - so who is the sucker?! Scroll the archive and you find this kind of warners since over 10 years - and they were all wrong - they got sucked and i hope no one of themes ever bought a watch for what they thought is overpriced. Same with Apple or Tesla and many more - warners are just the dummies who sold their shares for a fraction of what its worth today! I call this guys just LOSERS! |
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29 March 2019, 05:00 PM | #136 | |
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Actually I said steel “sports” but I guess if you consider the random Milgauss then sure but to me, that’s not enough to qualify. Sent from my iPhone using Tapatalk |
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29 March 2019, 05:14 PM | #137 |
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Rolex and the readily available buyers graced him the opportunity for his sales and purchases. there will be no scarcity, raising prices if Rolex don't hold back deliveries. Without interested buyers, no sales which is then bad for us all.
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29 March 2019, 05:28 PM | #138 | |
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Haha this sounds like the narrative for a post apocalyptic movie |
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29 March 2019, 05:46 PM | #139 | |
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Quote:
Brilliant |
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29 March 2019, 06:34 PM | #140 |
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Why are we all still talking about a shortage? There is NO shortage Rolex is a mass produced product and they are making more watches than ever, watches are going straight to greys its been talked about to death, wish people would stop this myth about a shortage
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29 March 2019, 06:47 PM | #141 |
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29 March 2019, 09:46 PM | #142 |
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I was in their shop. I spoke to them face to face. They have class. If I were to go grey I would highly consider them.
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29 March 2019, 10:12 PM | #143 | |
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Quote:
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29 March 2019, 10:42 PM | #144 |
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29 March 2019, 10:45 PM | #145 | |
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Quote:
The angst over high end luxury jewelry is entertaining through
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Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
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29 March 2019, 10:51 PM | #146 | |
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Reminds me of the Lego market from 2012 to 2016 to an extent. I'm friendly with an AD. She tells me it's a combo of things. More prospective buyers who only want SS Prof models compared to 3+ years ago, Rolex not shipping enough watches people want, more watches going to other countries, etc... All the while, I wonder if all if that is true, how the heck are the grays getting so many AD recently sold Subs, GMTs, Daytonas, etc... Gotta be a combo of flippers and AD themselves. Oh well. Out of my control. DavidSW is a great reseller. Excellent customer service. The company is just doing the same as the other grays but in a more customer centric way. Comes down to Supply vs Demand. |
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29 March 2019, 10:53 PM | #147 |
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I purchased my BLNR from David SW when the generation one model came out. At that time, I received a rather nice discount from retail. Watches appear to be much more difficult to find these days, especially the SS models, so I am not surprised by this trend.
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29 March 2019, 11:10 PM | #148 | |
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Quote:
_____________________ inspired by thread "Do you mind if (reasonable) stranger ask to try your rolex?"
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Ta-dah! "The best things in life aren't things" |
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29 March 2019, 11:13 PM | #149 | |
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That's why the truly wealthy buy things of intrinsic value, because currency always becomes worthless (worth less). And that brings us to Rolex pricing... PS: Add another to David SW. Been enjoying fine mechanical timepieces for decades and things are the craziest i've ever seen them (moreso than 2006/2008). PPS: It is not just Rolex, housing, etc are inflated yet their banking system can't handle 'reality' due to always needing their bubble inflated. Causality
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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29 March 2019, 11:37 PM | #150 |
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I have bought half a dozen or more watches from DSW including my BLNR 4-5 years ago. Solid guy, easy and clear transaction. Happy to bought all before the current situation which IMHO is all because lack of supply. If you could walk into a AD and buy a SS sport watch DSW and others would not be selling at a premium. He is a good barometer of pricing because we can and do follow closely. When I see the Rolex prices I stay away, but have picked up a few Panerai that were at a great price, even relative to their situation in the market.
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