DAVIDSW running out of Daytona to sell

[JacksonRain]

Originally Posted by Divingdeep87

A grey told me they expect them to rise alot in the next months up to Basel and after, so they pulled them all, he and the other greys in the whatsapp. Sooo… Let’s see..

RolexSAs relationship with Basel had ended, my love

[grimps]

I've been looking on Chrono today at certain models and the variation in prices is huge.
Same models same year, new with box and papers have $12000 difference in price on a white Gold GMT

[rambo99]

Originally Posted by grimps

I've been looking on Chrono today at certain models and the variation in prices is huge.
Same models same year, new with box and papers have $12000 difference in price on a white Gold GMT

you should ignore prices on both low high ends when searching prices on chrono 24.

[Benzsiam]

Originally Posted by WatchGuy1966

Based on their offers to me vs the current asking price at the time, I think you are correct

Wow, 35% margin? The flippers must get very little, it isn’t worth it.

[majidessa]

This whole Rolex shortage and price inflation is mainly driven by grey dealers who ceased the high demand and started manipulating the market.

The YouTube is full of all types of grey dealers who are acting like a cartel with international connection and presence in all over the world such as Hong Kong, Middle East, Europe, and the US.

I'm sure if these dealers are to fall, watch prices will be severely impacted and avilabilty will be much better.

I think Rolex is really in a bad situation as they cannot control the market and the current situation leave them exposed funny but true.

Sent from my SM-G998B using Tapatalk

[Joearch]

Originally Posted by Benzsiam

Wow, 35% margin? The flippers must get very little, it isn’t worth it.

Buy low sell high. Simple business model seems to work for him.

[Ravager135]

He has way more redundant stock than he lists.

[ronricks]

Originally Posted by huncho

david has a pretty big store and employees so he needs bigger margins. that's also why his prices are higher than most. for the most part people severely overestimate how much greys will offer for their watches

That’s David’s issue not anyone else. Plenty of other Trusted Sellers out there that offer same exact watches and service.

[DRS Enabled]

Bob's Watches doesn't have any ceramic Daytonas right now either...nor any Pepsi GMTs actually

[huncho]

Originally Posted by ronricks

That’s David’s issue not anyone else. Plenty of other Trusted Sellers out there that offer same exact watches and service.

i agree and i never said it was anyone else's problem, just explained why it was the case. at the end of the day there are plenty of great sellers on this site so people are free to choose the best deal there is. i don't think his prices are a deal breaker for most people, otherwise he wouldn't be competing with the others and he'll also drop the price a few hundred if you ask. i just think in general a lot of people (myself included) think reselling a watch would get much higher offers than greys actually offer. i've shopped around watches among a few sellers here, david included, and their offers were basically the same

[rdragon]

Originally Posted by RolexSimon

Haha - just look at EWC in Boston - the watches keep circling through as new "incoming" if they don't sell at first.

+ 1. I noticed this as well and have been trying to understand this. In the past month alone, I have seen the same watches come through as an incoming a few times. Anyone know why?

[Know1isgod]

Once enough people realize getting a particular watch is not life altering, prices will level off. I am on waitlist for Wimbledon 41 which could be had for about a $3k premium. Have decided to wait for AD and if they never call, fuck it and life goes on. While I have been a customer of DSW (and he is all everyone says), this is now my philosophy for now until the end.

[4rnold]

Originally Posted by Know1isgod

Have decided to wait for AD and if they never call, fuck it and life goes on.

A bit blunt, but same goes for me. More important things in life than a watch

[huncho]

Originally Posted by Know1isgod

Once enough people realize getting a particular watch is not life altering, prices will level off. I am on waitlist for Wimbledon 41 which could be had for about a $3k premium. Have decided to wait for AD and if they never call, fuck it and life goes on. While I have been a customer of DSW (and he is all everyone says), this is now my philosophy for now until the end.

it always varies person to person. if you're new and you want to get a pepsi for example, your only options today are go grey or wait an infinite amount of time. the problem isn't waiting, i'm sure a lot of people would be ok with waiting but in this case you're waiting with absolutely no guarantee that something will come while also watching the grey prices go up every day. i don't know what your situation is but as we've seen with covid, anything can happen so people's mindsets have changed and they'd rather enjoy today than wait for tomorrow or 2 years from now to enjoy something

[SocialMediaUser]

Originally Posted by Benzsiam

Wow, 35% margin? The flippers must get very little, it isn’t worth it.

This has nothing to do with DavidSW or the shortage of Daytonas,but more of a Where do I get the most for my watch?

Sell myself is a given. But if I am an unknown and do not want to deal with the hassle.

Is it a wash if I sell to a Grey after shopping around,or am I better off trying an auction house?

For the sake if discussion lets say I have something burning hot.
JM Daytona

[LouG]

I question what may become of some brick-and-mortar grey Rolex dealers when the bubble does eventually adjust (dare I say burst). To think that what goes up never comes down proves one's inability to learn from the past.

Maybe it's a good time for a life lesson from Lou Mannheim. See 1:24

[SocialMediaUser]

Originally Posted by LouG

I question what may become of some brick-and-mortar grey Rolex dealers when the bubble does eventually adjust (dare I say burst). To think that what goes up never comes down proves one's inability to learn from the past.

Maybe it's a good time for a life lesson from Lou Mannheim. See 1:24

But....

How much more up will it go before it goes back down?
Maybe so much that todays prices seem lite a thriftstore bargain,and the new normal is yet another couple of $10000s for the most in demand models?

[2ltdjorn]

DAVIDSW must have taken stock from TPG, and likely shifting his focus into GP. Maybe making revisions after his coaching session completed?

[hutch300]

DSW knows what he is doing and is a stand up seller. Its not his market he just works within it.

[HideMyWalletPlease]

If you are buying a stock you don’t want to purchase a large block of shares at an all time high. My guess is there is no shortage of people contacting him to ask him to bid on buying a Daytona. He is probably choosing not to buy too many at once at a market high because it will drive up the average cost per Daytona in stock.

[flyboyyy]

Originally Posted by 4rnold

A bit blunt, but same goes for me. More important things in life than a watch

Right there with y'all! It's is a watch - not a lung or liver.

[Beto737]

Could we step back for a minute and consider what could happen to current 116500LN prices if Rolex so much as changes the font on the dial? Is it about that time yet?

Resellers would be smart to hold back a few pieces me thinks..

[telesquire]

Originally Posted by DRS Enabled

Bob's Watches doesn't have any ceramic Daytonas right now either...nor any Pepsi GMTs actually

Still plenty of all these here in the UK. Prices are rising again though after the UK price rise from Rolex.

[Solo118]

Originally Posted by Benzsiam

Wow, 35% margin? The flippers must get very little, it isn’t worth it.

How do you figure? I do not usually like to get into the "flipper' discussion, but unless many hands are touching the same watch it is a win-win.

Daytona 116500 for example
Let's say $15k from AD, after taxes and such
Sell to Grey Dealer for $28-30k!! $15k profit!
Grey Dealer sells to end user for $40k, giving them a healthy 35% or more in profit, or about $10k for taking a few photos and paying their overhead.

[eijiboy]

Originally Posted by rsalinas

How much would David’s offer for a new panda?

On black ss daytona nib unsize they only offered 28. While a reseller here on trf offered 31. They lowballers. Watchbox offered 29


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[garyk]

Originally Posted by SocialMediaUser

But....

How much more up will it go before it goes back down?
Maybe so much that todays prices seem lite a thriftstore bargain,and the new normal is yet another couple of $10000s for the most in demand models?

I am no expert and I do not have a crystal ball but I've been around for a long time and I've only seen Rolex watch prices go in one direction...up!

[CarlOver]

Very nice! Great to have options.

[JodyHighroller]

I see David himself is viewing the thread right now lol.

Besides overhead and employee cost, you also have to take into account the security regarding the transaction. Sending your watch off to an individual you’ve never done before can be very nerve racking, but when you deal with one of the forum sponsors it helps bring that peace of mind. Yes, you can squeeze out a few more bucks with some random shop in the diamond district or off IG, but that’s up to each person’s comfort level. It beats trying to sell it yourself here when it’s like the wild wild west in that sub forum.

Don’t like the quote you got from a secondary dealer? Move on and find another.

[Laszlo]

Originally Posted by OH2004

The problem with davidsw is they always lowball people. Same with watchbox. They must be working on a 35% margin for everything except the hottest model. I never sold a watch to them but just to see what they paying for their stock.

I think that's the bread and butter of his, and other's businesses. DJ, Explorer, Milgauss, YM etc., are the baseline watches and low balling here is where that butter comes from. Hot watch margins are thin for sure. From experience, DSW will give me a decent buy offer on a hot watch, DSSD, Sea-Dweller, Sub, TT, etc., but for DJ/etc., horrible low balling hahaha... if you buy those sucker watches, plan to hold onto them. Don't get all feverish for that hot model thinking you can get w/baseline Rolex watches. Prepare to open wallet w/big bills. Been there many times, and it can hurt.

[Benzsiam]

Originally Posted by OH2004

The problem with davidsw is they always lowball people. Same with watchbox. They must be working on a 35% margin for everything except the hottest model. I never sold a watch to them but just to see what they paying for their stock.

Originally Posted by WatchGuy1966

Based on their offers to me vs the current asking price at the time, I think you are correct

Originally Posted by Solo118

How do you figure? I do not usually like to get into the "flipper' discussion, but unless many hands are touching the same watch it is a win-win.

Daytona 116500 for example
Let's say $15k from AD, after taxes and such
Sell to Grey Dealer for $28-30k!! $15k profit!
Grey Dealer sells to end user for $40k, giving them a healthy 35% or more in profit, or about $10k for taking a few photos and paying their overhead.

I don't figure it out, I just referred to the above comments.

You can read comment #112 & #120.