David SW BLNR Relaunch

[JayG]

Grey market prices are simply a reflection of supply and demand. Thats it.

[jonnyz1245]

Originally Posted by crownprince

there are many secondary market makers who are way bigger than him. :-)

Many? Define way bigger? Do you know how many watches DSW sells a month? a year? Do you know how many these way bigger players sell? Do you know this for a fact? Who are these way bigger market makers?? Not saying you're wrong, just curious. I follow several business markets fairly closely, watches being one of them and I know more than a few people in the business.

FYI I have never done business with David but have met him and hung out with him on more than one occasion. Great guy and I wouldn't hesitate to do business with him.

[Rocket_Man]

The reason guys like DavidSW can ask such prices is because he only needs one buyer for that watch and his market territory is basically anyone on the planet with a browser. So there is pretty much always someone willing and able to pay. At least for now. At some point, who knows when, the bubble will burst. Look at the real estate market in Australia. One estimate is that 40% of all homeowners are in negative equity.

[Rosie39j]

David’s A good guy. Have done several deals with him. Including when I sold him my blnr for $8500 last year. Ouch...

[scombs263]

I sold DavidSW my Panerai several months ago. Very upstanding and all around good guy. I would buy or sell with him w/o hesitation.

[bobernet]

Originally Posted by jonnyz1245

Many? Define way bigger? Do you know how many watches DSW sells a month? a year? Do you know how many these way bigger players sell? Do you know this for a fact? Who are these way bigger market makers?? Not saying you're wrong, just curious. I follow several business markets fairly closely, watches being one of them and I know more than a few people in the business.

Jomashop
Govberg
Bob's Watches
Chrono24 - although more of a marketplace, e.g. Ebay

[smokin3000gt]

I haven't been on here in a few years and feel like I've missed something. Are grey's charging MSRP or higher for new watches now? If so why not buy from AD?

[blada4life]

Originally Posted by smokin3000gt

I haven't been on here in a few years and feel like I've missed something. Are grey's charging MSRP or higher for new watches now? If so why not buy from AD?

You’ve been out the game. There are NO steel sports rolex watches at ADs. Practically none. Only from greys and for certain models prices are almost double. Welcome to 2019.


Sent from my iPhone using Tapatalk

[Reinhard in SA]

Originally Posted by smokin3000gt

I haven't been on here in a few years and feel like I've missed something. Are grey's charging MSRP or higher for new watches now? If so why not buy from AD?

In the year 2017 AD, they hit us from all sides. Nobody expected it and no one saw it coming, let alone expect it on a global scale.

Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted.

Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega.

This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD.

[Caynuck]

Originally Posted by Reinhard in SA

In the year 2017 AD, they hit us from all sides. Nobody expected it and no one saw it coming, let alone expect it on a global scale.

Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted.

Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega.

This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD.

Sounds like The Terminator and Skynet

[socalwatchcollector]

There's a sucker born every minute... 15k for a GMT stainless Rolex..

[RL777]

Originally Posted by Rocket_Man

The reason guys like DavidSW can ask such prices is because he only needs one buyer for that watch and his market territory is basically anyone on the planet with a browser. So there is pretty much always someone willing and able to pay. At least for now. At some point, who knows when, the bubble will burst. Look at the real estate market in Australia. One estimate is that 40% of all homeowners are in negative equity.

Couldn't have said it better.

[smokin3000gt]

Originally Posted by blada4life

You’ve been out the game. There are NO steel sports rolex watches at ADs. Practically none. Only from greys and for certain models prices are almost double. Welcome to 2019.


Sent from my iPhone using Tapatalk

Thanks for filling me in. Is WG still reasonably priced via gray or are they shooting up as well?

[socalwatchcollector]

Originally Posted by blada4life

You’ve been out the game. There are NO steel sports rolex watches at ADs. Practically none. Only from greys and for certain models prices are almost double. Welcome to 2019.


Sent from my iPhone using Tapatalk

There are no steel watches at AD's. I really hope you don't believe that.. That depends on who you are if they are there or not.

[HappyFish]

Originally Posted by socalwatchcollector

There's a sucker born every minute... 15k for a GMT stainless Rolex..

....a while ago you got the nicest Flat 4 or Daytonas, or 1675 for "nothing" - now you could sell them for far more the double - so who is the sucker?!

Scroll the archive and you find this kind of warners since over 10 years - and they were all wrong - they got sucked and i hope no one of themes ever bought a watch for what they thought is overpriced.

Same with Apple or Tesla and many more - warners are just the dummies who sold their shares for a fraction of what its worth today!

I call this guys just LOSERS!

[blada4life]

Originally Posted by socalwatchcollector

There are no steel watches at AD's. I really hope you don't believe that.. That depends on who you are if they are there or not.

Actually I said steel “sports” but I guess if you consider the random Milgauss then sure but to me, that’s not enough to qualify.


Sent from my iPhone using Tapatalk

[bronzeband00]

Rolex and the readily available buyers graced him the opportunity for his sales and purchases. there will be no scarcity, raising prices if Rolex don't hold back deliveries. Without interested buyers, no sales which is then bad for us all.

[ADR1982]

Originally Posted by Reinhard in SA

In the year 2017 AD, they hit us from all sides. Nobody expected it and no one saw it coming, let alone expect it on a global scale.

Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted.

Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega.

This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD.

Haha this sounds like the narrative for a post apocalyptic movie

[emtee]

Originally Posted by Reinhard in SA

In the year 2017 AD, they hit us from all sides. Nobody expected it and no one saw it coming, let alone expect it on a global scale.

Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted.

Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega.

This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD.

Brilliant

[jaydav2306]

Why are we all still talking about a shortage? There is NO shortage Rolex is a mass produced product and they are making more watches than ever, watches are going straight to greys its been talked about to death, wish people would stop this myth about a shortage

[daytonastl]

Originally Posted by jb335

It's preowned with warranty card dated from 2017. Not a crazy jump in price to what he had before Basel. I believe he would have had this listed around 13.5k pre-Basel.....sound right?

Yes. That’s what it was.

[Lou wants a Rolex]

I was in their shop. I spoke to them face to face. They have class. If I were to go grey I would highly consider them.

[NYCWATCHCREW]

Originally Posted by Reinhard in SA

In the year 2017 AD, they hit us from all sides. Nobody expected it and no one saw it coming, let alone expect it on a global scale.

Supply dried up. A few lucky ones snatched up the remaining few SS sport watches and then.....there was none. Unsuspecting citizens went to AD's asking and eventually begging for Submariners or just the possibility of the chance to buy a Submariner. For some the hope was not enough, they tried to appease their AD's with lavish gifts or buy buying expensive jewelry just to be considered for a stainless steel watch. How the dynamic had shifted.

Requests for discount were scoffed at and dismissed. Gypsy watch collectors would travel not only from the city to city, but state to state and even country to country looking for submariners and GMT masters. Some of these wandering nomads had good fortune while others eventually broke down and bought Datejusts, or in more severe cases turned to cannibalism and Omega.

This is the world we now live in. The financial markets are manipulated by demigods with names like "Batman" and "Hulk". Where once wars were fought over silver, gold and precious stones, it is now fought over stainless steel. Those with immeasurable wealth turn to the illicit grey market, where anything your heart desires can be had, but at a price...This is 2019AD.

Amazing...

[fania123]

Originally Posted by socalwatchcollector

There's a sucker born every minute... 15k for a GMT stainless Rolex..

this

[beshannon]

Originally Posted by jaydav2306

Why are we all still talking about a shortage? There is NO shortage Rolex is a mass produced product and they are making more watches than ever, watches are going straight to greys its been talked about to death, wish people would stop this myth about a shortage

Some need to continue the narrative and faux anger about a non-issue.

The angst over high end luxury jewelry is entertaining through

[jaisonline]

Originally Posted by jaydav2306

Why are we all still talking about a shortage? There is NO shortage Rolex is a mass produced product and they are making more watches than ever, watches are going straight to greys its been talked about to death, wish people would stop this myth about a shortage

THIS and new / more so called 'investors' in the market trying to use watches to fund their kids' college savings accounts, 401k, etc...
Reminds me of the Lego market from 2012 to 2016 to an extent.

I'm friendly with an AD. She tells me it's a combo of things. More prospective buyers who only want SS Prof models compared to 3+ years ago, Rolex not shipping enough watches people want, more watches going to other countries, etc... All the while, I wonder if all if that is true, how the heck are the grays getting so many AD recently sold Subs, GMTs, Daytonas, etc... Gotta be a combo of flippers and AD themselves. Oh well. Out of my control.

DavidSW is a great reseller. Excellent customer service. The company is just doing the same as the other grays but in a more customer centric way.

Comes down to Supply vs Demand.

[Headshrinker]

I purchased my BLNR from David SW when the generation one model came out. At that time, I received a rather nice discount from retail. Watches appear to be much more difficult to find these days, especially the SS models, so I am not surprised by this trend.

[Terrakot]

Originally Posted by ADR1982

Haha this sounds like the narrative for a post apocalyptic movie

My name is Robert Neville. I am a Rolex collector living in New York City. I am broadcasting on all AM frequencies. I will be at the South Street Seaport everyday at mid-day, when the sun is highest in the sky. If you are out there... if anyone is out there...desperatley looking for SS Rolex, no matter Submariner or GMT.. I can let you to try my Rolex on. You are not alone.


_____________________
inspired by thread "Do you mind if (reasonable) stranger ask to try your rolex?"

[enjoythemusic]

Originally Posted by smym18

I've been reading that this bubble will burst since Summer 2017, yet it only seems to be getting worse. Make it stop!

Well, looks like the Fed will continue spiking the financial punch bowl so expect it to continue. Next is rate cut(s) to keep this baby inflated, and QE perhaps if that proves fruitless if USD gains in value (no currency can gain in value, the math / their system can't handle it so must always devalue @ target of 2% annually).

That's why the truly wealthy buy things of intrinsic value, because currency always becomes worthless (worth less). And that brings us to Rolex pricing...


PS: Add another to David SW. Been enjoying fine mechanical timepieces for decades and things are the craziest i've ever seen them (moreso than 2006/2008).

PPS: It is not just Rolex, housing, etc are inflated yet their banking system can't handle 'reality' due to always needing their bubble inflated.

Causality

[Joearch]

I have bought half a dozen or more watches from DSW including my BLNR 4-5 years ago. Solid guy, easy and clear transaction. Happy to bought all before the current situation which IMHO is all because lack of supply. If you could walk into a AD and buy a SS sport watch DSW and others would not be selling at a premium. He is a good barometer of pricing because we can and do follow closely. When I see the Rolex prices I stay away, but have picked up a few Panerai that were at a great price, even relative to their situation in the market.