2018 GMT CHNR...Crazy Grey Price

[RobearH]

Buyers truly control the market not the resellers. Refuse to buy at any price over MSRP and the price will come done...this goes for all references!!!!

[manh3]

I saw a pm root beer gmt at the Rolex boutique in sf last week. Saw it in person and didn’t care for it, I’m not a reseller so I didn’t care to buy it.

[nwbusa]

Originally Posted by Swiss Mad!

That's the old YG TT GMT I'm talking about the new 2018 RG TT





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Whoops my bad!

[AK797]

Originally Posted by RobearH

Buyers truly control the market not the resellers. Refuse to buy at any price over MSRP and the price will come done...this goes for all references!!!!

No, monopolies do, and the sellers all follow the lead of a few big greys and they set the market, buyers do not act together at all and so have no power, they are divided and conquered with ease.

[Aventura]

Originally Posted by RobearH

Buyers truly control the market not the resellers. Refuse to buy at any price over MSRP and the price will come done...this goes for all references!!!!

great ... great comment ... is what everyone should do ..
There is no doubt that this is real.

[Aventura]

Originally Posted by AK797

No, monopolies do, and the sellers all follow the lead of a few big greys and they set the market, buyers do not act together at all and so have no power, they are divided and conquered with ease.

It's true ... the fault lies with the buyers. Although I do not think there are sales at crazy prices. Because you have to be crazy to pay surcharges for a watch.
That in the end is that ... a simple watch.

[Aventura]

Originally Posted by lovetherolex

There is always someone in the gotta have it crowd who has the money to burn and wants to be first or thinks it's that essential to have. And always a middleman inserting himself into a situation while adding no value in the transaction to the market whilst lining his own pockets. These two are lock and key.

If I was one of these grey market scalpers I would be laughing so hard at what's transpiring as long as this crazy cash comes my way. Rarely in life can you scalp people like this and have them thank you for it.

Nothing but Rolex upping production will change this. But they'd rather have the hype and heat than reach any kind of market saturation that leads to more discounting, that's evidently more of an evil to them.

The losers are ironically the people who simply want to buy the watch to wear, like yourself. Either you get nothing, or bend over to the scalpers, who are the only winners

You do not have to bow to anyone. And less for a simple watch that carries five famous letters. Well that's what you buy not the watch. Very good comment.

[lovetherolex]

Originally Posted by AK797

Let's not get carried away, you as the owner of this watch and as a genuine wearer and not with a flip in the back of your mind, is the real winner on all these hyped watches, a grey making an extra grand or three on a watch that is clearly underpriced at retail is not doing any cartwheels. Shame when price starts to get more important than ownership on pure luxury goods.

Exactly the point: drmizzou is not an owner.

And it's not a matter of pricing, it's a matter of deliberately constrained supply. Take away the supply constraints and you take away the insane secondary pricing and the middlemen.

That says it all.

[yashparikh03]

Originally Posted by Mezz72

it’s very simple.
don’t buy it! this is really ridiculous.


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[yashparikh03]

Its not worth to pay above retail. eventually , The price will drop after 6 Month .

[avega357]

Originally Posted by Swiss Mad!

Dealers should only sell the 'hot' models to customers they know and trust not to instantly re sell.

These flippers are just spoiling it for the likes of you & me who just want to be able to own one for ourselves and not use them as a commodity for profiteering.

Unfortunately, yes I expected the new models to comand a premium on the secondary market, but more than double the UK list??

Come on, even SS Daytona's don't command that level of inflation!

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They list it high but Jomashop has it for 18.5k, most grey have the CHNR from 18k to 20k, given that tax is 1k in the US (or 15k total price), this is only a 3.5k markup.

I still will not buy at that price but it is not that large a markup.

[avega357]

Originally Posted by RobearH

Buyers truly control the market not the resellers. Refuse to buy at any price over MSRP and the price will come done...this goes for all references!!!!

Love the comment.

[AK797]

Originally Posted by lovetherolex

Exactly the point: drmizzou is not an owner.

And it's not a matter of pricing, it's a matter of deliberately constrained supply. Take away the supply constraints and you take away the insane secondary pricing and the middlemen.

That says it all.

If it was manipulated supply or forced exclusivity as Hublot have used and AP are currently trying to do, then I'd agree it would be a hard pill to swallow and buy at a premium, but that is not the situation with Rolex, or PP as well, demand has simply blown up and in a capitalist market if you want an item in high demand you have to pay to play. End of story. Crying over past prices is a waste of time and will just lead to people missing out on owning watches they truly love and can afford.

Buy the Watch, not the Price. Principle applies regardless of whether prices are low or high.

[lecorsaire]

While this listing is really high, the market is really out of control. Unfortunately we're in a bubble right now with 5711s listed north of $50k. The combination of lower production, high demand combined with a good economy and an influx of new resellers has led to nearly every Rolex and Patek being overvalued. Unless you can buy for retail, only PM and vintage is worth it.

I will just be patient and ride this out. There will be a correction sooner or later. There always is.

[mrblue]

Get your heads out of the sand. TT has become very popular.

[lecorsaire]

Originally Posted by mrblue

Get your heads out of the sand. TT has become very popular.

Not really except for the TT Subs. If people are buying more TT, it's because they increasingly can't buy SS at the ADs. What choice do people have in some areas? There are people who don't buy from resellers.

[marcellomatt5]

This only exists because some people with no concept believes that it is supernecessary buy before everyone. If nobody buys these rises do not support. It is very sad to see several people trying to buy a watch in the AD and do not finding and at the same time the grays in the next door always has available for a fat premium.

[Amex4711]

CHNR in german AD's window, today

[floraneg]

Saw one at my AD today (TT) and it was unspoken for.

[jschmidtdmd]

Originally Posted by floraneg

Saw one at my AD today (TT) and it was unspoken for.

These are not going to be hard to get.

They will be sitting around at MSRP.

It's a two toned watch- not at the top of most people's "must buy" list.

Give it 4 weeks.

[RHIII]

Originally Posted by jschmidtdmd

These are not going to be hard to get.



They will be sitting around at MSRP.



It's a two toned watch- not at the top of most people's "must buy" list.



Give it 4 weeks.

My thoughts exactly.


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[Seafox0814]

This one is hard to get in California. Waiting list at my local AD is 15 people deep. Probably not bad in terms of waiting lists for other watches, but still...that could be a long wait.

[watchwatcher]

Originally Posted by jschmidtdmd

These are not going to be hard to get.

They will be sitting around at MSRP.

It's a two toned watch- not at the top of most people's "must buy" list.

Give it 4 weeks.

I would love to get my hands on one @ MSRP. If anybody knows how, PM me. Thanks,

[Air Rescue 5]

Originally Posted by Mezz72

it’s very simple.
don’t buy it! this is really ridiculous.


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My thoughts exactly. Don’t rely on an AD to protect you from the grey’s and their ASKING prices. Just, simply, exercise some self discipline and don’t buy from that dealer.

[Eric-London]

Originally Posted by manh3

I saw a pm root beer gmt at the Rolex boutique in sf last week. Saw it in person and didn’t care for it, I’m not a reseller so I didn’t care to buy it.

Yes its rubbish, avoid at all cost.

https://i.imgur.com/a4yNjJC.jpg

[jlovda]

Originally Posted by Swiss Mad!

Dealers should only sell the 'hot' models to customers they know and trust not to instantly re sell.

That means that "once in a lifetime" buyers who walk in a store will never get a popular watch because we aren't known to the AD. Will I have to come once a week for a cup of coffee for a year?

[peterpl]

Originally Posted by jschmidtdmd

These are not going to be hard to get.

They will be sitting around at MSRP.

It's a two toned watch- not at the top of most people's "must buy" list.

Give it 4 weeks.

Give it 4 weeks? LOL - its been 4 months and still selling way above retail.

[In-Cog-Neeto]

Originally Posted by peterpl

Give it 4 weeks? LOL - its been 4 months and still selling way above retail.

It’s now been close to 18months............

[BobDyl]

Most Chrono24 *asking* prices are literally insane.

[wilsonpepper]

Anybody ever heard of the word, "Capitalism" ?