ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
16 September 2019, 01:17 PM | #1 |
"TRF" Member
Join Date: Feb 2019
Location: Bay Area, CA
Posts: 55
|
How much $ do you light on fire at an AD?
Paid my AD a visit today looking for sport Rolex (lol) and got shown a 5230R that I actually liked a lot.
Best they could do on it was near $49k OTT (10% sales tax here). Looking at the greys that's like a $10-15k markup over them! Is that typical for PP? Rolex DJ is maybe 5-10% discount at a grey but this 5230 is like 25%! Is that just the world of non-sport PP? |
16 September 2019, 02:53 PM | #2 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
|
5230R is below retail. As you found out, it's way below and that's considered normal. 5930G is the same.
You shouldn't entertain a 49K "deal" unless you're bundling that with a hotter piece, i.e. a sports model. |
16 September 2019, 04:01 PM | #3 |
"TRF" Member
Join Date: Feb 2019
Location: Bay Area, CA
Posts: 55
|
Wow, I had no idea pp traded so far below retail. Thanks for the heads up.
|
16 September 2019, 06:05 PM | #4 |
"TRF" Member
Join Date: Oct 2016
Location: Montana
Posts: 3,223
|
Many Pateks trade below retail.
|
16 September 2019, 07:41 PM | #5 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
|
I plan on getting the 5724R on display at whatever AD. I'll pay full price but I'll also expect them to put me first up for a 5712/1A afterwards. Or I walk.
|
16 September 2019, 07:55 PM | #6 |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
|
16 September 2019, 07:59 PM | #7 |
Banned
Join Date: Jun 2019
Location: All around
Posts: 600
|
|
16 September 2019, 10:16 PM | #8 |
Banned
Join Date: Mar 2019
Location: DC
Watch: PP/AP/BP/UN
Posts: 1,015
|
Hard to stomach 49k for the 5230R when the 5110 (on my list), which is identical except For being 1mm smaller, is going for $20k.
|
16 September 2019, 10:34 PM | #9 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
|
|
16 September 2019, 10:40 PM | #10 |
Banned
Join Date: May 2018
Real Name: Jonathan
Location: USA
Watch: P-01
Posts: 11,772
|
|
16 September 2019, 10:45 PM | #11 |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
|
|
16 September 2019, 10:47 PM | #12 |
Banned
Join Date: Mar 2019
Location: DC
Watch: PP/AP/BP/UN
Posts: 1,015
|
I’ve given up on getting a sports Patek and am happy with my AP RO Blue dial to fill my Nautilus void. So this means I’m going gray only on all future pateks
|
16 September 2019, 11:35 PM | #13 |
2024 Pledge Member
Join Date: May 2016
Location: UK
Posts: 4,180
|
With 20% VAT in the UK, it's pretty hard to see any scenario except extreme demand for a particular piece that would lead anyone to expect anything but a 20%+ hit on value when walking out of the store.
|
17 September 2019, 12:42 AM | #14 |
"TRF" Member
Join Date: May 2018
Posts: 69
|
Will buying Patek’s from resellers, and then after x amount of years you send your Patek in for service to Patek, will Patek give you a service card/paper with your name on it?
If so, wouldn’t that officiate you as the new owner of the time piece in their system/archives? I would hope so... |
17 September 2019, 12:53 AM | #15 | |
Banned
Join Date: Jul 2018
Location: Moon
Watch: Swiss
Posts: 2,270
|
Quote:
|
|
17 September 2019, 07:14 AM | #16 | |
2024 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,596
|
Quote:
I do not believe you can register the watch in your name if the original owner has already done so. If the paperwork to register is still in the wallet, you should send it in and see what happens. Having the watch serviced in no way alone registers the watch. I do not believe PP tracks watches by who has them serviced. I do believe they run the numbers against their stolen watch registry whenever they receive a watch for service. So good news there for you. |
|
17 September 2019, 08:08 AM | #17 |
"TRF" Member
Join Date: May 2011
Location: Chicago
Watch: Nerd
Posts: 807
|
|
17 September 2019, 08:14 AM | #18 | |
"TRF" Member
Join Date: Nov 2018
Location: Europe
Posts: 3,236
|
Quote:
This has nothing to do w any service work and AFAIK they won't register a watch for you when you send it in. You will only get a receipt detailing the work performed for your records and for warranty purposes. |
|
17 September 2019, 09:49 AM | #19 | |
"TRF" Member
Join Date: Mar 2009
Location: USA
Posts: 4,341
|
Quote:
|
|
18 September 2019, 04:12 AM | #20 | |
"TRF" Member
Join Date: May 2018
Posts: 69
|
Quote:
Thank you all for the explanations! That makes me feel better for when I position myself to purchase from a reseller. |
|
18 September 2019, 06:44 AM | #21 |
"TRF" Member
Join Date: Mar 2019
Location: San Francisco
Posts: 2,864
|
So the "buy local" mentally is not real in your opinion ? I feel like in Hawaii, Asia and even Europe (Germany) most ADs prefer you to be local if you buy a watch but also want to be on "the list" for SS.
|
18 September 2019, 06:48 AM | #22 | |
Banned
Join Date: Jun 2019
Location: All around
Posts: 600
|
Quote:
lets be fair , when have you seen a ss in the window, ive traveled a lot lately and nothing worn a decent piece also , and nothing in the safe also |
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.