Grey Market Prices Coming Down (daily tracker)

[Swiss2311]

Originally Posted by F17RUK

It’s happening guys- Pepsi on eBay under MSRP

https://rover.ebay.com/rover/0/0/0?m...2F133372461985

[poyezd]

The problem is you can ask whatever you want. So if you keep asking 13-14k for a BLNR it “appears” like things are holding steady. What we really need are actual sales figures which are hard to come by. If somebody is asking 13.5k but accepts 11.5k all we see is sold on the 13.5k asking price.

It’s a crowded trade everybody is holding on like there is no problem but once a few people need to liquidate it’ll be a race to the bottom (where the support is...presumably that’s roughly MSRP). There is a liquidity crunch out there and nobody is trusting anyone’s credit.


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[mmaggi]

Originally Posted by Patton250

Interesting. You say that with certainty. Tell me will Tampa Bay win the Super Bowl this year with Tom Brady?

As Charles Barkley says: I may be wrong, but I doubt it. ;)

[L.K Johnson]

Originally Posted by F17RUK

It’s happening guys- Pepsi on eBay under MSRP

https://rover.ebay.com/rover/0/0/0?m...2F133372461985

Fat case and all! Probably not polished!

[jfmiii]

Originally Posted by Swiss2311

In my opinion prices will go down, but not as much as people say .. Time will tell .. Excuse me if I offended someone with my screenshots.

By giving us real time price information? Ignore some of these clowns. Thanks for your posts!

[Swiss2311]

Originally Posted by jfmiii

By giving us real time price information? Ignore some of these clowns. Thanks for your posts!

You're welcome :)

[Morrison0]

Originally Posted by jfmiii

By giving us real time price information? Ignore some of these clowns. Thanks for your posts!

Agree, for me these conversations make the forum interesting. Clearly we have a lot of people who “invested” in watches and then there are the people who are “purist” watch collectors. Even more interesting are people who are watch collectors but want to make sure they don’t lose money on the hobby either buying MSRP or “better prices” deals. The conversations are great for the forum, in my personal view. Keep ‘em comin’!! Happy Sunday.


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[Swiss2311]

I'm a watch collector, at least I'm trying to be one. All of my Rolex watches were purchased at MSRP, but I won't lie, it makes me very happy when my Daytona is worth almost double than its MSRP.
Until now I didn't sell any of my watches, and I don't intend to.

[Hollie_Rollie]

Originally Posted by Tan

Dealers are trying to ride out the wave as much as possible, staring down at a tidal wave of buyers looking for MSRP.

Tidal wave on the forums. More of a ripple in the real world. Everyone who was willing to pay double msrp paid prior to all this. World events sped up a 2 year process into 2 months

[EEpro]

Originally Posted by mmaggi

As Charles Barkley says: I may be wrong, but I doubt it. ;)

I thought I was wrong once. Turns out that was the time.

[Mervynilous]

Originally Posted by Patton250

This forum seems to have become more of a place for circling vultures rather then watch enthusiast.

People who want to pay a fair price are not vultures, nor are those who are looking for a good deal. That's basic, rational behavior on the part of consumers.

If you want to talk about vultures, let's talk about the grays I've personally reached out to the past couple of weeks with regard to purchasing a used 118206. They all tell me that their watches come "as is standard for this industry" with 22 or 23 links in what should be a 24 link bracelet. Oh...but they'd be delighted to sell me "extra" links to make it a complete watch!

Now, I fully believe that some of the original owners lose or misplace the links taken out for a proper fit, but that's certainly not every previous owner. In fact, I've had one gray tell me that they only buy their watches to fit a 7.5" wrist, meaning with 23 links.

If you believe for a moment that the gray in question will tell an owner to keep a link for himself when selling a 24 link watch to the gray, then I I have done great investment bridges to sell to you.

Simply put, the real vultures have created a system of buying low and selling higher than can be justified in a time of economic distress. And like anyone who purchased at or toward a top and who isn't on the fed's list of important businesses, they stand to get steamrolled. With their scummy behavior as outlined above with respect to my 118206 search, they absolutely deserve it.

[Morrison0]

Originally Posted by Swiss2311

I'm a watch collector, at least I'm trying to be one. All of my Rolex watches were purchased at MSRP, but I won't lie, it makes me very happy when my Daytona is worth almost double than its MSRP.
Until now I didn't sell any of my watches, and I don't intend to.

Echo the sentiment


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[djyolky]

Originally Posted by peterpl

Why you spamming every single dealer? LOL

Just wait if your serious about buying something. Another 1-2 months wont hurt and $14k for the CHNR might be a very very good offer. He might even regret not selling to you now but maybe the gray dealer bought it for more himself so he's trying not to lose money. Its only been 4 weeks since the US really started taking the virus seriously and only like 2 weeks since shutdown of some major cities. Dealers will be slower to reduce prices than individual sellers.

The more individual sellers who are holding onto these hyped pieces hit the market it will force the grays to reduce as well.

It's entertaining. Let him keep doing it. :)

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[Tan]

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

[Commonproject]

Originally Posted by mg Barcelona

I declined just in case anyone was interested.

Those were already starting to be available in the US at AD windows prior to all of this so asking for a deposit is a bad deal, you made the right choice

[Webster2281]

Originally Posted by Mervynilous

People who want to pay a fair price are not vultures, nor are those who are looking for a good deal. That's basic, rational behavior on the part of consumers.

If you want to talk about vultures, let's talk about the grays I've personally reached out to the past couple of weeks with regard to purchasing a used 118206. They all tell me that their watches come "as is standard for this industry" with 22 or 23 links in what should be a 24 link bracelet. Oh...but they'd be delighted to sell me "extra" links to make it a complete watch!

Now, I fully believe that some of the original owners lose or misplace the links taken out for a proper fit, but that's certainly not every previous owner. In fact, I've had one gray tell me that they only buy their watches to fit a 7.5" wrist, meaning with 23 links.

If you believe for a moment that the gray in question will tell an owner to keep a link for himself when selling a 24 link watch to the gray, then I I have done great investment bridges to sell to you.

Simply put, the real vultures have created a system of buying low and selling higher than can be justified in a time of economic distress. And like anyone who purchased at or toward a top and who isn't on the fed's list of important businesses, they stand to get steamrolled. With their scummy behavior as outlined above with respect to my 118206 search, they absolutely deserve it.

Grays are notorious for taking out links and then forcing the buyer to buy an extra one. I can’t tell you how many sub-c’s I’ve seen online and tried on at a dealer’s that have 11 links instead of the normal 12.

Easy $200-$500 for them to sell an extra link.


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[Webster2281]

Does anyone have a feeling or prediction on how far down PM pieces (ex YG subc) could fall? I assume more than SS.

Thanks


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[cph81]

Originally Posted by mg Barcelona

I got a call from a closed AD on Friday, I was offered a Rhodium YM40 if I paid 50% deposit now by card and would be able to collect it when the store reopens.

Did the AD offer any discount?

[Tan]

LNIB Batgirl just posted here on TRF for $11,900...

[Webster2281]

Originally Posted by Tan

LNIB Batgirl just posted here on TRF for $11,900...

What was it before?


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[Hollie_Rollie]

Originally Posted by djyolky

It's entertaining. Let him keep doing it. :)

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Right!

[C_Troy242]

We are way too early. The reality of the coming depression will only slowly set in. Those who think we're in the middle of riding this out will learn that this is nothing yet. The fun 3 week market haircut was just the initial stage, correcting what's been wrong with markets since mid last year (to put it gently). The extent of this crisis is nowhere near priced. I'll check back in 3-6 months and it'll be an interesting time to deploy excess cash into all sorts of things, including watches.

[LigerBelair]

Originally Posted by Patton250

Interesting. You say that with certainty. Tell me will Tampa Bay win the Super Bowl this year with Tom Brady?

Nope.

[faimag]

Originally Posted by F17RUK

It’s happening guys- Pepsi on eBay under MSRP

https://rover.ebay.com/rover/0/0/0?m...2F133372461985

[Mervynilous]

Originally Posted by Webster2281

Does anyone have a feeling or prediction on how far down PM pieces (ex YG subc) could fall? I assume more than SS.

Thanks


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I think it depends on whether you mean Rolex reducing MSRP for new at AD, or whether you mean used gray prices. The former will be able to hold firner than the latter. But it really depends on the duration of this and whether it changes long-term habits like the great depression did.

After seeing that the grays steal links as standard business practice, I'll be holding off for now and will be surprised if prices don't fall at least 10 - 20% in the next few months due to how many people are going to be deferring or eliminating purchases in sudden recognition of how close they've come to the abyss. And that's assuming we don't have a protracted situation with substantial economic dislocation...

[DayTona78]

have to agree 100% with the below.

i will add that, one can't possibly be bothered to feel sorry for anyone be it greys or ADs. too busy for that.
my task is to buy a watch, and move on once i paid for it. don't need anyone to worry nor be happy for me either. pointless, if not fake.

everyone's a big boy and should handle any/all consequences resulting from their own decisions. don't care.

Originally Posted by Mervynilous

People who want to pay a fair price are not vultures, nor are those who are looking for a good deal. That's basic, rational behavior on the part of consumers.

If you want to talk about vultures, let's talk about the grays I've personally reached out to the past couple of weeks with regard to purchasing a used 118206. They all tell me that their watches come "as is standard for this industry" with 22 or 23 links in what should be a 24 link bracelet. Oh...but they'd be delighted to sell me "extra" links to make it a complete watch!

Now, I fully believe that some of the original owners lose or misplace the links taken out for a proper fit, but that's certainly not every previous owner. In fact, I've had one gray tell me that they only buy their watches to fit a 7.5" wrist, meaning with 23 links.

If you believe for a moment that the gray in question will tell an owner to keep a link for himself when selling a 24 link watch to the gray, then I I have done great investment bridges to sell to you.

Simply put, the real vultures have created a system of buying low and selling higher than can be justified in a time of economic distress. And like anyone who purchased at or toward a top and who isn't on the fed's list of important businesses, they stand to get steamrolled. With their scummy behavior as outlined above with respect to my 118206 search, they absolutely deserve it.

[Webster2281]

Originally Posted by Mervynilous

I think it depends on whether you mean Rolex reducing MSRP for new at AD, or whether you mean used gray prices. The former will be able to hold firner than the latter. But it really depends on the duration of this and whether it changes long-term habits like the great depression did.

After seeing that the grays steal links as standard business practice, I'll be holding off for now and will be surprised if prices don't fall at least 10 - 20% in the next few months due to how many people are going to be deferring or eliminating purchases in sudden recognition of how close they've come to the abyss. And that's assuming we don't have a protracted situation with substantial economic dislocation...

I’m referring more to the Grey’s as AD’s sell for MSRP.


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[bin31z]

Just saw a white gold oyster flex ceramic Daytona here for under retail.

[mg Barcelona]

Originally Posted by cph81

Did the AD offer any discount?

No, nothing, I was quoted the full retail price, 5k GBP now through card and 5k on pick up "when the shop reopens"

[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