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16 October 2018, 01:27 PM | #181 | |
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I’ve gotten all my watches through ADs at retail. It’s worth it to build a relationship.
Point taken, and I would gladly give Rolex a premium to have a watch sooner. I think it’s different to give that premium to an individual/middleman whose purpose is to buy up stock and flip them for profit. Feeding them will only encourage the behavior. There’s a car salesmen in my area (used to flip used car tires and parts as a hustle) who goes around and puts himself on the waiting list of every Rolex AD in the vicinity for a Daytona, BLNR, Sky-D and BLRO. Funny thing is I recently saw him in person asking my AD for a Daytona (offering gift cards as a bribe), and looks like he just got a BLRO from somewhere - no surprise, it’s now on the FS forum here. Just sayin I wouldn’t feel good giving money to these guys. Quote:
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16 October 2018, 04:03 PM | #182 | |
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Agree with a lot of this. I’ve not paid over retail for a watch yet, but it doesn’t mean I wouldn’t. I probably lose £10k per year on Car depreciation, and there are folk on here that will lose multiples of that! And that’s accepted. Yet, the same people who accept this, can’t bring themselves to pay a few thousand more for a watch which they can continue to enjoy for many years. And the same person that might find it impossible to accept paying above Retail for a new Daytona, May happily pay quadruple the-then-retail for a 20 year old worn Daytona. If people are happy to wait, or go without, then great. But I don’t see a big deal with paying over Retail if people want to. In my view, people should set a price that they are happy with, regardless of retail price, and pay it. And then of course there is the chance that Retail may go up significantly by the time you get to the top of the list! Some people probably ordered a 5711 when they were retailing at £18k and were put on a waiting list. If the 5711 had been available at a grey for £20k at that time, they would have said ‘no way’ to paying above retail, they’d rather wait. Two years on, they haven’t been able to enjoy a 5711 for the last two years, and when they finally get the call, they will be paying £22k!!! Just an example... Sent from my iPhone using Tapatalk
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16 October 2018, 07:16 PM | #183 |
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Watch: 116710LN
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Not more than it’s suggest retail price. Stainless steel Rolex is selling for more than list price at the moment. But I Wouldn’t pay the premium for one, I currently waiting for a stainless steel Submariner with date (116610LN) since April this year and planning to buy one watch every year from the same AD. Trying to establish relationship with the AD, so may be in a couple years I MIGHT be among a few lucky that bought a stainless steel Daytona at retail.
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16 October 2018, 08:19 PM | #184 |
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Watch: 16710, 16628
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It will all change when the dust settles.
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16 October 2018, 09:03 PM | #185 |
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Real Name: Alex
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Watch: DRSD
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The hype is outrageous. It’s just another SS sports model. Hopefully it will come right down if rolex puts on more overtime for their staff to crank more out....
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16 October 2018, 11:48 PM | #186 |
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Location: US
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retail only
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17 October 2018, 03:19 AM | #187 | |
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Quote:
Just pay the premium, don't buy lesser watches that you don't really want. But you just want a relationship with an AD. It's a pointless endeavour. We're going to have another financial crisis in the coming years, almost certain with Brexit looming. I work in the city of london @ canary wharf and you should see our risk management daily memos regarding brexit... Anyway, my point is one day it won't be the same market. When incomes drop, so does demand, the principle is known as the elasticity of demand. The same would occur if the population were to decrease. One day those same AD's you're trying to establish a relationship with... will be a total 180 turn in tactics, they will be trying to buy you as a customer. (as it should be) Supply and Demand! |
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17 October 2018, 05:42 AM | #188 | |
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Watch: 116710LN, 26331ST
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Quote:
Sure, it takes a little while to earn the status but you get there I wonder if that's a valid analogy to the waitlist? |
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17 October 2018, 05:53 AM | #189 |
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Location: USA
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The grey dealer I work with has had NINE BLROs in the last couple of weeks and only 2 have sold. They were all originally at $18,200 and now the 7 remaining are down to $17,500.
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17 October 2018, 07:23 AM | #190 |
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17 October 2018, 07:27 AM | #191 | |
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Quote:
Two months ago I blought a Rolex Explorer from an AD who I have to bargain with to get the plastic registration card. He did me a “ favour” I paid full price for the watch and I left with all B&P. Last week I visited a Rolex AD who I have bought several watches off and asked about getting my name down on the steel ceramic GMT with the jubilee bracelet. The salesman/boy thought I was having a laugh. I told him I bought my first Rolex from this store almost 40 years ago and had bought several watches since. He said “10 years” and put my name down on a piece of paper which I’m sure he stuck in a bin when I’d left. The point is what are you going to do? In my case I’ll pay over MSRP to a Grey dealer ( who will be very happy to take my money and give me a deal on future purchases) and I will not seriously insider an AD unless they are in a duty free franchise in an international airport. |
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17 October 2018, 07:52 AM | #192 |
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I would pay just a couple % over MSRP if I had to have it. Basically MSRP plus tax. Anyone who thinks they will get a hard to get watch at MSRP are dreamers. Only way is to get a call from the AD. Gotta pay to play if you really want it immediately.
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17 October 2018, 03:11 PM | #193 |
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Maybe good price for someone to jump onto this?
https://www.rolexforums.com/showthre...highlight=BLRO $16k flat now. 100% you'll get it for $15k and some change. Give it a few more months these will be $14k. None of these Rolex prices are sustainable - simple watches, made by the millions over all these years. No way. Hyper Bubble. |
17 October 2018, 04:03 PM | #194 | |
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Quote:
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17 October 2018, 04:28 PM | #195 |
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17 October 2018, 04:43 PM | #196 |
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Real Name: Emmanuel
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No Rush No Big deal. MSRP
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17 October 2018, 05:42 PM | #197 |
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I would not pay retail, nor would I support any sellers who priced at premiums.
There are plenty of other things in life to focus on than just watches. I sense a huge shift in buyer sentiment where (i) buyers will only buy through ADs who survive via good customer-centric business practices and (ii) such buyers will leave the luxury market leaving greys/ scalpers holding the bag and dealing among each other to try and lure customers back. I see (ii) due to the fatigue in the market and the emergence of more useful technology. |
21 October 2018, 02:02 PM | #198 | |
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Quote:
Sent from my SM-N960U1 using Tapatalk |
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21 October 2018, 07:21 PM | #199 |
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Watch: Rolex GMT's BLNR
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Daytona’s and GMT blro selling like hot cakes at grey dealers
I have had a chance to tag the Daytona’s ang GMT blro on online sites just to track what is selling
My conclusion is their selling like hot cakes much more so than other rolexes This has been confirmed by others like eBay who have stated which watch’s are selling the most, so this is not new My surprise is how quickly they sell on these sites, they sell like hot cakes I do not see it stopping anytime soon, what are your thoughts |
22 October 2018, 05:42 AM | #200 |
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Patience is a virtue I can wait for MSRP
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22 October 2018, 06:37 AM | #201 |
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The MSRP might be much higher in the future. That's the gamble you take.
In economics, a luxury good like this has a steep demand curve. With very little difference in demand even on large price increases. It is almost perfectly price inelastic. Thank heavy marketing. Due to this, I anticipate a quite large increase to the RRP. Thus, I bought my recent purchase with a small inflation of price but in reality, time saved combined with what I think is inevitable price raising... I think it's worth paying above. Not twice the price... but a few 1000. I think is certainly worth it. |
22 October 2018, 07:14 AM | #202 | |
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Quote:
Consider how much people lose a year to drive the top of the range vehicles Porsche/BMW/Audi/Mercedes etc etc etc so the loss against how it makes you feel is relatively low. |
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22 October 2018, 07:53 AM | #203 | |
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Quote:
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22 October 2018, 07:53 AM | #204 |
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They are selling like hot cakes at 17k, just track them
the pepsi C and the daytona C sell in 2 to 3 days |
22 October 2018, 07:53 AM | #205 |
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Msrp.
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22 October 2018, 07:55 AM | #206 |
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22 October 2018, 08:01 AM | #207 |
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22 October 2018, 08:04 AM | #208 |
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MSRP only
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22 October 2018, 10:45 AM | #209 | |
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Quote:
Oh yea? I thought 38k was perhaps a bit much for a 328GTS a few years back. |
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22 October 2018, 10:53 AM | #210 |
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