Crrraaazzzzyyyyybundle deal at AD

[Ricky Rolex]

Bit of a 'look at me look at me' thread I think

[AK797]

If you wear the Sub this is a good deal and story, if not then this is a sad reflection of the current climate.

[maxymax]

Originally Posted by InitialAndPitch

Most of the psychological studies on self gratification - from kids to educated professionals show that respondents express ethical concerns at somebody who has received a windfall and state that they would not duplicate the behaviour. When given the opportunity, they rationalise away their morals and make the grab like most others.

As the saying goes “Always back a horse called self interest”.

Exactly!

[maxymax]

Originally Posted by InitialAndPitch

Most of the psychological studies on self gratification - from kids to educated professionals show that respondents express ethical concerns at somebody who has received a windfall and state that they would not duplicate the behaviour. When given the opportunity, they rationalise away their morals and make the grab like most others.

As the saying goes “Always back a horse called self interest”.

Originally Posted by m j b

I don't think the OP did anything wrong nor is he personally causing or perpetuating the shortage. The shortage is caused by more people wanting the same thing. It's called supply and demand.

I think the real problem is the inflation of the prices of these things on the secondary market, which the OP took advantage of. And he didn't do bad - why shouldn't he take the free bag of money?

The problem, IMHO, is the people who buy these watches at over MSRP. If no one did this, then the secondary market would dry up, and there would be no flippers. It's that simple. If you can't buy it at the AD, then don't buy it. Or if you can't find a used one for less than the price of a new one, then don't buy it. The prices will come back down.

But people can't do that, not in today's world of instant gratification. And it's not just Rolex, it's Ferrari and limited models of mainstream cars like Porsche, BMW, etc.

The only possible mistake the OP made was sharing this story.

+1

My point too! As long as there are buyers for these models at such ridiculous premium (I would even sell my MIL! ), the greys, flippers, ADs will make hay even on rainy days!

[maxymax]

Originally Posted by theomegaaddict

I didnt want it. Never have never did. But i got offered a free bag of money. Wasnt gonna say no to that

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Would do the same, but sorry, not for a Hublot though!

[ninjin]

Originally Posted by Solo118

Nothing wrong with that! It looks great!
Seeing many Hublots lately, I do not know much about them but could be the brand is on the rise. I remember maybe 7-8 years ago the Hublots were really popular with their big bang models.

Personally, the brand (on social media at least) has peaked. Which, for me is great. I wan't it to become low key again.

I got mine in 2011, the skeleton just did it for me. It was either this or a RO Chrono 41mm. In hindsight the RO would have been a better investment but it just didn't work for me....

[Amg7861]

It’s a free market. OP can do what he likes. Rolex perpetuates the whole situation. It could quite easily ramp up production.


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[Ravager135]

Honestly, this sort of transaction/behavior (since you asked for feedback) is just not worth it to me.

For one, you got a Hublot (albeit at a discount) that is already a dog. I get it wasn't your choice, nor would I begrudge anyone for getting what they want. What I am implying is that while it is a deal in terms of MSRP, it really isn't a "deal." There are many brands wherein you can get substantial discounts.

You asked to see what they had in the safe. I think it is already sort of lame that ADs are socking away un-allocated stainless steel pieces. The Submariner Date should have been on display. It's a chain AD, this behavior doesn't surprise me, but I wonder if there was a list for this reference. Was there a name an AD took down from a customer in good faith and now he moved the Submariner Date which you resold?

Reselling the watch is your right. You bought it. The 116610LN isn't exactly a hot watch. Harder to get these days, maybe. They can still be ordered and purchased at MSRP without too long of a wait. It's not an LV, BLRO, BLNR, etc. For me personally, it's not worth the effort.

At the end of the day, you got your brother a watch he wanted and you made a few bucks. That's awesome. You also could have further strengthened your relationship with your AD at home if you purchased the Hublot from them and you contributed to the problem people have with ADs right now. I know, I know; "don't hate the player, hate the game." I just think you could have got the Hublot at a good price regardless, and isn't that hard to get a 116610LN at MSRP with just a little patience.

[cda555]

Originally Posted by theomegaaddict

Of course. Paid 16 instead of 20.

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Does that mean you are going to keep the 6k AED (~$1500) when you get it back?


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[tictic]

Originally Posted by theomegaaddict

What's wrong about saving money?

Nothing.
Sharing with your Mom is my point.
Seems you kept ALL the profit for yourself!

[YYR]

You know what drives me crazy? When I go to the grocer and pay 3.99 a pound for tomatoes, then I find out that at the farmers market the grocer pays 1.29 a pound
You know what else drives me crazy? When the real estate agent charges 3 percent when he sells me a house, if that’s not greedy then what is?
How about the plumber? 150 for a 10 minute visit to unclog my toilet, unbelievable!

Instead of whining one day I went down to the market and bought a case of tomatoes at 1.29 a pound, I used a 1/10th of the case and I tried to sell of the rest, one neighbor took a pound , the rest went to waste.

My point is everyone is in business to make money, you can either hop from business to business and say everyone making money off you doing such simple
Things and it’s not fair and try to do everything yourself, or one day you will wake up and realize that yes people are making money off you and if you just let the garbage collector collect the garbage and the plumber fix the drain, you will be a happier person and you’ll have more time to focus on what your good at and make what your good at more profitable.

The grey market guys are in business like any of us, they figured out a way to make it work and make it profitable, any one of us is welcome to figure out what their doing, invest 100’s of thousands and try to make it work, I think we will all quickly realize that we rather just pay the extra $1000 for the sub and enjoy life

[maxymax]

Originally Posted by Amg7861

It’s a free market. OP can do what he likes. Rolex perpetuates the whole situation. It could quite easily ramp up production.


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Or just start selling online and have genuine wait list for high demand models

[Duey]

Rolex Commodity Trading. It's easier and more profitable then buying Gold, Silver or Platinum. Just beg, or ask, an AD to sell you one of the hard to get models and flip it here for a monster profit.

The new state of Rolex Sport Models - $$$

[theomegaaddict]

Originally Posted by cda555

Does that mean you are going to keep the 6k AED (~$1500) when you get it back?


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If and when I get it back is my business

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[theomegaaddict]

Originally Posted by tictic

Nothing.

Sharing with your Mom is my point.

Seems you kept ALL the profit for yourself!

16 instead of 20 is already a better deal so i dont get what youre saying?

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[Token74]

Good moves. I wouldn’t do that to my local AD or an AD that I want to buy from in the future, but to a London AD, why not.


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[Roll the Lex]

I don’t see a problem with it.
It’s yours to keep and do what you want with it- flip it, dive with it, keep it in the safe.


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[nick800]

I think this is stupid.

And I've passed on watches from AD that I could have made money on.

[ChipotleBanana]

It's nice he offered you the watch, but sad you sold it. Buy the watch because you enjoy it, not for the financial gain. All you did was make it harder for someone else to buy the watch that they want. If the other dealer who you have a good relationship with offered you the watch at such a good price, why go out from under them? You're exactly the type of person that is making it so hard for us to get these watches. Most AD's here in the US try avoid selling to people who are going to immediately sell their newly purchased piece.

[GB-man]

Welcome to 2019 where buying a hublot and a sub is a good deal!

OP: I am not hating just hilarious where we have ended up. Good on you for saving your mom some coin. A real shame your brother kept the hublot and not the sub. He will regret that in 10 years.

[GB-man]

If you get worked up over people buying for a dollar and selling for two I hope you don't engage in any capitalistic endeavors to pay your bills or you are a hypocrite or worse.

[Jojoshop]

All I could say, The brother knew what he wants and didn’t factor price and depreciation. He will enjoy his watch.

[teck21]

Originally Posted by ChipotleBanana

Buy the watch because you enjoy it, not for the financial gain.

Why?


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[Sublovin]

The story isn’t really that interesting. This is a watch forum and your post is about making a few $$.
The post is no more interesting than saying “I bought a stock this morning, it went up and the I sold it!” Yay

[bigfatpauli]

Originally Posted by peterpl

LOL

Ahh Rolex. 90% of buyers these days are all speculative flippers.

I was thinking the same thing. I get that the OP did it for financial gains, but isn't that behaviour EXACTLY why the market is as it is?

[Andad]

Ok, the OP sold a Subdate for a profit.
Strange that so many are unhappy about his actions when there are sellers with hundreds of similar transactions on TRF every week.

[Undefeatable]

Originally Posted by directioneng

Ok, the OP sold a Subdate for a profit.
Strange that so many are unhappy about his actions when there are sellers with hundreds of similar transactions on TRF every week.

Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?

[teck21]

To be fair, I am quite sure we are referring to two separate groups of people, so there really isn’t any contradiction in their positions.


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[Marcjvr]

Originally Posted by teck21

I get that, my point was merely that people who wish to buy a brand new SS sub at an AD are free to purchase a Hublot/useless jewellery in order to get that.

It’s not anyone else’s fault if they are unwilling or unable to do that. We live in a capitalist society, Rolex is a luxury good, the method of assignment is therefore by default one’s ability and willingness to spend more money than the next person.

Being willing and able to pay more (either through greys, bundling or buying watches/jewellery to build relationships) is in fact the correct way to determine who gets to buy these models.

Complaining about it is quite frankly self entitlement of an unjustified kind. It’s like wanting to take all that’s good that capitalism offers and whining when it goes against them.

Well said

[GoingPlaces]

A few years down the road, I wonder what that Hubot will be worth? I'm sure the return on the Sub would have proven better. What would most people rather have? A legacy watch or a jewelry inspired timepiece.