ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
18 August 2010, 05:14 AM | #1 |
"TRF" Member
Join Date: Nov 2009
Location: Toronto
Watch: 116610LN
Posts: 14
|
Law of supply and demand.... and greed
Just came back from a dealer here in Toronto west end where I was ready to purchase a Sub Date C. I asked how much the price is and the reply was "when you're ready". I asked "how about now?". The person gave me the msrp. I asked how much the discounted price is. He left to ask his manager, then came back and said it's the same as the msrp since this is the only one in the store and that he doesn't know when the next one is coming in.
If this is the way this dealer treats its customers, I don't think I'll ever go back there. |
18 August 2010, 05:15 AM | #2 |
"TRF" Member
Join Date: Oct 2009
Location: Here and there
Posts: 12,485
|
don't
__________________
Fine Quality is Long Remembered After the Pain of Spending Money is Forgotten |
18 August 2010, 05:16 AM | #3 |
"TRF" Member
Join Date: Nov 2007
Real Name: Chris
Location: Camden ME & STT
Watch: 116600
Posts: 6,350
|
I am surprised it wasn't higher than MSRP. I don't really see anything wrong with this. He's selling it to you at the suggested retail price because it's a brand new item.
Wait a bit, they'll come down or you can find one right here on TRF.
__________________
Rolex 116600 Sea-dweller Montblanc Solitaire Doué Black & White Legrand FP Montblanc Solitaire Doué Black & White RB Montblanc Meisterstück Diamond Mozart BP Montblanc Meisterstück Mozart BP |
18 August 2010, 05:16 AM | #4 |
"TRF" Member
Join Date: Jul 2010
Real Name: tom
Location: northern ireland
Watch: my fins
Posts: 10,063
|
its the same answer i got when i went to look at a standard sub , they are in short supply , and end of line , no discount at all.
seems quite normal. , , and hello too |
18 August 2010, 05:19 AM | #5 |
"TRF" Member
Join Date: Mar 2010
Real Name: Steve
Location: Albany NY
Watch: Blue Bezel SubC
Posts: 1,511
|
supply and demand but not greed...if the dealer had 10 of them in stock I am sure they would have discounted the watch for you. He has overhead just like everyone else and will have no trouble moving that watch at msrp
__________________
K-TT Datejust, Random Blue Bezel SubC |
18 August 2010, 05:22 AM | #6 |
"TRF" Member
Join Date: Jul 2010
Location: USA
Posts: 1,950
|
Exactly unless you have bought watches from them before and have built a relationship why should they sell a watch at a discount they can get full price for in a short amount of time. Sure if it was a few years old or they had plenty of stock then there is room for negotiation but not on a watch that is currently considered a hot item.
__________________
|
18 August 2010, 05:24 AM | #7 |
Banned
Join Date: Dec 2009
Real Name: Paul
Location: New Haven, CT
Watch: 116610 Sub-C
Posts: 6,552
|
Why would a businessman of any sort sell a product below retail when it will sell in 2 days at that price?
I think the AD was right not to sell it for less. There is no need to! The flip side of the coin........ I wish you had found a deal, and saved a few bucks on the watch. |
18 August 2010, 05:24 AM | #8 |
Member
Join Date: Jun 2010
Location: USA
Posts: 29
|
You don't have to ever go back there - and he/she will still sell that Sub C. End of story. As much as you don't want to hear it - they don't need you or anyone else who demands a discount to sell that particular model.
Now, go to the same store ready to buy a less desired model or a gold/plat watch of almost any model, and I would guess they would jump at the opportunity to offer you a discount off the MSRP Bottom line: it's not greed, it's capitalism |
18 August 2010, 05:27 AM | #9 |
2024 Pledge Member
Join Date: May 2008
Real Name: Panos
Location: Athens, Greece
Watch: 16710
Posts: 8,704
|
Don't expect discount on a fresh-new model that it is on the display less than a month.
Wait a year and you 'll have here and in other dealers a -25% in your pocket. That's the way it is. |
18 August 2010, 05:28 AM | #10 |
"TRF" Member
Join Date: May 2010
Real Name: Dan
Location: USA
Watch: This N That
Posts: 34,251
|
Pretty much agreed I was qouted the same price. Supply and demand, and if I were the selletr I would be doing the samee thing. Face it people are in business to make money. The more money you can make the better off you are. Be fair and reasonable but why cut your own throat.
__________________
When it captures your imagination, that's when you know you have found your passion. Loyal Foot Soldier of The Nylon Nation. Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons |
18 August 2010, 05:30 AM | #11 |
"TRF" Member
Join Date: Jul 2010
Real Name: Vincent
Location: Louisiana
Watch: 16710 Coke
Posts: 448
|
I don't think it's greed, dealers have a right to chrge MSRP, you have a right to shop elseware. Harley Davidson went through A similar period about a decade ago when demand for bikes outstripped supply, salespeople became rude and a lot of people were turned off.
|
18 August 2010, 05:32 AM | #12 |
Banned
Join Date: Oct 2008
Location: Peterborough, ON
Watch: your mouth.
Posts: 1,023
|
I just ordered one over the phone, by coincidence only about 3 minutes ago.
I was told by the dealer that the Sub-c will NOT be in short supply, and got a good price on it. Don't believe the hype.
|
18 August 2010, 05:33 AM | #13 |
"TRF" Member
Join Date: May 2009
Real Name: Brandon
Location: Toronto, ON
Watch: 116234
Posts: 4,141
|
I take it you were at Royal De Versaille?
They tend to be @$$es - when you're ready.. who says that??
__________________
116234 - Blue Concentric Dial - Fluted Bezel - Oyster Bracelet |
18 August 2010, 05:35 AM | #14 | |
Banned
Join Date: Aug 2009
Real Name: Franz
Location: Colorado/Florida
Watch: PAM, G.O., G.P.
Posts: 174
|
Quote:
|
|
18 August 2010, 05:37 AM | #15 |
2024 Pledge Member
Join Date: Dec 2006
Real Name: D'OH!
Location: Kentucky
Watch: Rolex-1 Tudor-3
Posts: 35,762
|
It's the "when you're ready" remark that put a bunch in my shorts.
dP
__________________
TRF Member# 1668 Bass Player in TRF "AFTER DARK" Bar & NightClub Band Commander-in-Chief of The Nylon Nation The Crown & Shield Club Honorary Member of P-Club |
18 August 2010, 05:41 AM | #16 |
"TRF" Member
Join Date: Apr 2010
Location: 88 keys
Posts: 2,238
|
I have seen a number of FS postings on a couple of watch forums where folks are asking $8k or even $9k for the Sub-C. Not sure if there is anyone desperate enough to pay above retail like this. That strikes me as greedy, but maybe folks are making money this way.
Give it a few months...I suspect by around Christmas the pre-owned market will be more flooded and we should start seeing these sell below $7k. |
18 August 2010, 05:51 AM | #17 |
Member
Join Date: Jul 2010
Real Name: Jeremy
Location: Toronto, Ontario
Watch: 16610 V
Posts: 511
|
If you don't like the way your treated don't go back. I think the conversation you had at the AD is pretty standard. Unless they know you, unless you've purchased from them before, I think they'd rather not tell you the price, you could price shop, use the quote to shop around etc...
If you really want the watch and are willing to forget about your unfortunate incident, tell them you've been quoted at $xxx.xx under retail and see if they'd match the phantom quote. If not, well, they'll be wondering what would have been and what AD is undercutting them. Play the game, be patient and approach the seller with different offers. Cash, Cash/Credit Combo and play around. The more time they spend with you the more they'll want the sale. Don't let them get the better of you if you really want the Sub. I live in Toronto and you can PM me. I'd like to help but would suggest the 16610 for value and for rarity... J |
18 August 2010, 05:52 AM | #18 |
"TRF" Member
Join Date: Jul 2010
Location: EU
Watch: ing TRF
Posts: 576
|
"when you´re ready" is an ok remark, when said nicely. Theres no reason to talk about the price, if the buyer isn´t serious/buying now.
I can understand that dealers dosn´t give discount on new models and discontinued, its just business. In a few months there will be plenty Sub-c´s to get a discount. |
18 August 2010, 05:53 AM | #19 | |
"TRF" Member
Join Date: Jan 2010
Location: USA
Posts: 3,241
|
Quote:
I know I won't buy from this guy and will quote what he said to his manager. |
|
18 August 2010, 05:56 AM | #20 | |
"TRF" Member
Join Date: Apr 2010
Location: Berkshire, UK
Watch: 16610, 16013
Posts: 362
|
Quote:
Just be prepared for the same answer. As others have said, no need for an AD to sell at a discount when he probably already knows that some grey dealers that have got hold of a Sub C are easily selling them at a considerable sum ABOVE MSRP. And, equally the AD that managed to find me a new 'old' Sub a few months back politely declined when I mentioned the chance of a discount on that, as he knew there were not that many left and if I wasn't prepared to buy at MSRP he wouldn't have a problem finding someone else who would. |
|
18 August 2010, 06:05 AM | #21 |
"TRF" Member
Join Date: Dec 2009
Real Name: Joe
Location: Somerset, UK
Watch: PAM417, PAM000
Posts: 233
|
getting upset because you cant get money off a brand new out very highly anticipated watch? LOL!
and its not greed to ask MSRP on anything, offering discount is a way of selling items, not offering discount when you dont have to is not greed. Asking OVER MSRP.... now thats greed. |
18 August 2010, 06:07 AM | #22 | |
"TRF" Member
Join Date: Jul 2008
Real Name: Eric
Location: Location,Location
Watch: this, bro...
Posts: 15,340
|
Quote:
since when was selling at MSRP = greed? welcome and great first post |
|
18 August 2010, 06:10 AM | #23 |
"TRF" Member
Join Date: Dec 2009
Real Name: Joe
Location: Somerset, UK
Watch: PAM417, PAM000
Posts: 233
|
almost forgot, huge welcome to the forum and great choice on the Sub-C, its a great watch
|
18 August 2010, 06:11 AM | #24 |
"TRF" Member
Join Date: May 2009
Real Name: Brandon
Location: Toronto, ON
Watch: 116234
Posts: 4,141
|
Just to clarify - the price is pretty expected at this point. His choice of words is what upsets me!
__________________
116234 - Blue Concentric Dial - Fluted Bezel - Oyster Bracelet |
18 August 2010, 06:15 AM | #25 |
"TRF" Member
Join Date: Sep 2009
Location: Canada
Posts: 2,551
|
Yep, dealer did nothing wrong.....you could go to many ADs right now and I think it would be hard to come across a discount on any 2010 release stainless steel Rolex.
|
18 August 2010, 06:18 AM | #26 |
"TRF" Member
Join Date: Mar 2007
Real Name: Louie
Location: California
Watch: Rolex
Posts: 644
|
IMO, the dealer didn't do anything wrong, nor guilty of greed.
|
18 August 2010, 06:21 AM | #27 |
"TRF" Member
Join Date: Feb 2010
Real Name: Alvin
Location: So Cal
Watch: ROLEXES
Posts: 5,390
|
When your not ready to pay MSRP, then walk away.
__________________
"A thing of beauty is a joy forever"............John Keats |
18 August 2010, 06:34 AM | #28 |
"TRF" Member
Join Date: Mar 2010
Real Name: Ritchie
Location: NYC
Watch: Holy Trinity
Posts: 407
|
This is simple enough as many others have pointed out. This isnt greed its just business. I don't think the dealer "treated you bad". The subc line is too new at the moment and they will easily sell at retail, so when you call them greedy simply because you demanded a discount and didnt get one I think its unfair to make the AD look bad. It would apply to the ss daytonas as well, I'd like to see someone walk into an AD and get a discount on the ss daytona when they ask for one. Supply and demand.
|
18 August 2010, 06:37 AM | #29 |
Banned
Join Date: Feb 2008
Location: Florida, Canada
Watch: Rol/Seik/Tud/Omega
Posts: 30,244
|
Welcome to the forum. I see nothing wrong in what the AD did, the watch is probably already gone.
|
18 August 2010, 06:50 AM | #30 |
"TRF" Member
Join Date: Jul 2010
Location: EU
Watch: ing TRF
Posts: 576
|
Isn´t it greedy to expect a discount?
Discount is an opportunity, not a birth given right |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.