This just showed up on DavidSW's site

[myporsche]

All these hey look at what David is doing now posts and updates are getting lame and old. Now that the whole world knows about him along with a revamped website, stronger AD connection than ever, higher prices, and even a physical showroom you could argue this is not the best place to buy a watch anymore.

[Vince KSA]

Just a shame that they've dubbed over the serial number on the dial shot.

Would love these flippers to get a life time ban.... and or the AD if he has sold it straight on.

[JLUK]

For a watch with a decent production run ahead, this is a crazy price.

[T-Bag]

Originally Posted by Roger Lococco

I’ll bet Canada


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Just got back from Vancouver. Went to the AD right by Burrard and Georgia. They had a Yachtmaster 2. Very nice people though. They helped me find Cardero’s (incredible food).

[Number3]

Originally Posted by VacherObsessive

Not just broke people, one of the highest earning guys in my office who is very wealthy yelled loudly “only an idiot would pay £5k for a watch”. I just laughed and I said I’m a major idiot then

Not when they can sell it years later for £10k tell him.

[jimcameron]

Ease up on the ballers guys. If you've got the $$ and want the watch, and it doesn't bother the buyer to pay the premium, who cares. Some people forget that there is another element in the equation. That's time. Time to enjoy something. Not everybody is 32 yrs old.

[InitialAndPitch]

I’ve paid a premium before but this smells of throw a price high in the air and see what flies. That’s 258% folks. Only takes 1 cashed up punter to set precedent and we’re away.

In Hong Kong last week the new Jubilee Batman was HK$188,000 when it hit the shelves that’s $US24,000 or close enough. And Pepsi keeps heading north at $HK180,000 (HK$125,000 a few months back)

[InitialAndPitch]

Originally Posted by JLUK

For a watch with a decent production run ahead, this is a crazy price.

The ‘early adopter’ phenomenon has cycled its way through history. Economics and illusion meet bid spenders. Nothing to see here.

[InitialAndPitch]

Originally Posted by myporsche

All these hey look at what David is doing now posts and updates are getting lame and old. Now that the whole world knows about him along with a revamped website, stronger AD connection than ever, higher prices, and even a physical showroom you could argue this is not the best place to buy a watch anymore.

Wasn’t there something about perception and reality coinciding with a a guy who has temporarily mastered Miami Rolex spin. Sure David’s a nice enough guy catering to those willing to suspend disbelief.

[superdog]

Originally Posted by myusernamez

where are all the Grey market lovers now?

Just one day ago, before he posted these up, the trend was "pay what you want because you won't have to play AD games and you will have immediate joy"

Is the 16K to23K too big of a jump for your wallets all of a sudden?

You, grey buyers, are pretty emotional now that they posting at 23K, just saying. If you can't pay 23K for a watch you shouldn't have purchased it at 16K in the first place. Just Saying.

This makes zero sense.

[nick800]

I don’t understand why this upsets people

[AK797]

Originally Posted by myusernamez

where are all the Grey market lovers now?

Just one day ago, before he posted these up, the trend was "pay what you want because you won't have to play AD games and you will have immediate joy"

Is the 16K to23K too big of a jump for your wallets all of a sudden?

You, grey buyers, are pretty emotional now that they posting at 23K, just saying. If you can't pay 23K for a watch you shouldn't have purchased it at 16K in the first place. Just Saying.

Let the market settle first, lots of rich Insta kids and probably their dads now will pay top dollar to boast early pics of this, but after a few months the price will stabilise and that is when you can gage where you are with your AD and go grey if you don't want to wait years and can afford it.

[myusernamez]

Originally Posted by AK797

Let the market settle first, lots of rich Insta kids and probably their dads now will pay top dollar to boast early pics of this, but after a few months the price will stabilise and that is when you can gage where you are with your AD and go grey if you don't want to wait years and can afford it.

For sure #richkidsofdubai

Always easy when you can spend Daddy's money

[superdog]

Originally Posted by AK797

Let the market settle first, lots of rich Insta kids and probably their dads now will pay top dollar to boast early pics of this, but after a few months the price will stabilise and that is when you can gage where you are with your AD and go grey if you don't want to wait years and can afford it.

Just like with the Daytona?

[Jojoshop]

Nice watch, CRAZY premium.
I’m hoping this will help reduce BLRO prices. I will go gray once it drops below 11k. Will take a while or never. I’m a patient man and not crazy enough to pay that much premium

[huba01]

Originally Posted by Vince KSA

Just a shame that they've dubbed over the serial number on the dial shot.

Would love these flippers to get a life time ban.... and or the AD if he has sold it straight on.

This

[timepieceluvr]

I can’t understand why people care so much about this. Next there will be a forum to MF Starbucks about the price of a pumpkin spice latte. It’s capitalism folks, we all have options.


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[NYG1121]

Dont hate the player, hate the game.

[HogwldFLTR]

Originally Posted by rolexinfl

Someone gets it for retail, does a quick flip for $19-20k, and David is able to use his reputation to get $23k out of it.

If someone wants something ASAP, they go to David. Just how it is. He always has the hot pieces.

Reputation as always the most expensive on the market. No need for me to pay his pricing.

[Swaye]

Copy/paste of my response in the other thread on this topic posted yesterday below.

I am all for the free market but this has sort of jumped the shark. I have done business with David. Guy is excellent in all respects, but the crazy prices being used to set markets is making me reevaluate the entire secondary market.

I paid over "retail" for my SD4K, Kermit and 16710 because they were all long discontinued when I bought them - that's fine I knew the market and they weren't making any more. I also paid a small premium (like 1500 bucks over MSRP) on my DeepSea because I really wanted it NOS and first version. I was fine with all of that and the service I got on all those transactions from Trusted Sellers was excellent!

That said, it seems that these crazy asking prices to set the market on new stuff is also dragging all the older stuff higher with it, and just making the whole process of trying to enjoy Rolex collecting a PITA - whether it be still in production pieces or 20 year old references.

I am on the list at the AD for three pieces. Might be three years before I get them, but I think while I wait I am done playing any games in the secondary market until some sense of sanity returns. Which is a shame, because there are still a couple of older references I am interested in. Crazy world right now in this "hobby."

[Waxtactic]

There are a few things that "kill" me about this:

1) That somebody will pay for it without thinking twice of the cost (b/c money probably wont mean much to them at this kind of premium)
2) That somebody, probably on this forum, who has worked hard, saved their cash and would wear this daily has to wait b/c a flipper got to it first

*sigh

[Harry-57]

Originally Posted by pickettt

Let’s be honest, that’s what broke people say about those of us who pay retail for Rolex. It’s just perspective.

Precisely.

It's up for more than I could ever justify paying. But if someone can, and does, does that make them stupid, mad or just rich and able?

Maybe, for every suggestion that prospective buyers need a mental health check, there should equally be a call for the poster to get off their arse, work their arse off for twenty years, and become rich enough not to have to think twice about paying "stupid" money for something they really want.

If this watch sells, David has priced it right. If it doesn't he will adjust it.

[Waxtactic]

Originally Posted by Swaye

I think while I wait I am done playing any games in the secondary market until some sense of sanity returns. Which is a shame, because there are still a couple of older references I am interested in. Crazy world right now in this "hobby."

This.

[kohe321]

This is the current market value of the watch, so naturally that's the price it's offered at - albeit with the slight premium he can command for being one of the most established and reputable re-sellers out there.

He doesn't run a charity. The market is what it is. I mean, the (admittedly few) people who go "man, I am losing respect" or call him "greedy" are completely off their rockers. What, should he drop the price out of some illusory duty of comradery towards the watch community?

Should some centralized institution of power declare that this price is too high and enforce an artificial roof on Rolex pricing across the market? Destroying freedom while simultaneously not fixing the issue of supply and demand, only pushing the wait list/lottery phenomenon over to the secondary market. Wait list equality for all!

Sorry to pop your little Bolshevik bubble.

He doesn't owe any of us anything. He runs a business and delivers a product at market value in a safe and professional way. That's it.

[Rokoru]

I think this is ridiculous...

[Stig722]

David is solid as a brick. If someone wants the piece now he is one of the best options out there

[Waxtactic]

Originally Posted by Harry-57

Precisely.
Maybe, for every suggestion that prospective buyers need a mental health check, there should equally be a call for the poster to get off their arse, work their arse off for twenty years, and become rich enough not to have to think twice about paying "stupid" money for something they really want.

If this watch sells, David has priced it right. If it doesn't he will adjust it.

You're not totally wrong here, those who have ability to pull themselves up should and the market will set the value. Those with the means will pay.

Perhaps I'm just sore b/c somebody lost out on the chance to own one of these b/c a flipper got to it first. No way I could be upset with DavidSW, but the Flipper

[superdog]

I am not upset with David. I respect him.

I am not upset with the flipper. I respect him too.

[ozwatchguy]

It will sell. Crazy times

[Lifeisarolliecoaster]

This might be a silly thought but what if Rolex drip feeds x amount (a very small amount) of the updated model out to just a few AD’s geographically. They wouldn’t have to buy them from the gray but that would put it beyond dispute. They could then deal with the AD as they see fit. Perhaps the AD’s would subsequently be more diligent. Whoever has flipped this model so quickly IMO is going to give the AD grief