First Grey to fall… The Watch Standard

[chocopeluche]

Ive had my eye on a new 36mm DJ, most of the hot dials were trading close to double retail, now regular dials are basically at retail, and hot dials 25% premium. Definitely a good sign for people who just want to get one to enjoy.

[rrags]

Originally Posted by BDSedd

I’ve approached several reputable grey dealers to sell a Rolex and no one seemed interested. They said they have to pass.

Same experience here with 2 different models.

[DoricSpiker]

I don’t want a world where those large grey dealers fail. I want to go back to 2015 where they existed with us. The difference was those you tube monkeys didn’t exist.

The guys selling 10 JM Daytonas and nothing else just piss me off. Get shot of them and I am happy.

Good night from London!


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[Polar Bear]

Originally Posted by huncho

seeing all these greys advise clients on watches late last year/early this year was fun to watch too. seemingly every model was gonna go up forever and a safe buy

i think LB is a bit different from the rest though because they have a pretty big and legitimate operation that goes past watches and they don't only focus on 10 models like every other youtube grey dealer that wanted to get rich

I just feel bad for every non watch person that bought into the BS in an effort to diversify their investment portfolios
I recall one vid (6 months- 1 year ago) where a infamous dealer delivered a fully stickered Platona to a new client who bought it purely as an investment piece
I bet that guy is sweating bullets right now

I think LB will be fine, Roman managed to survive the 08 crash and have a pretty diverse business offering, he's the only well known youtuber i follow that seems to push/mention brands outside of the hype and has said many times, theres almost no margin in rolex these days.
Fingers crossed his sales staff are good at actually selling watches rather than just taking orders as i fear they may be in for a shock

[MoStuff]

The closer to msrp the better for me. I don’t care about watch dealers and it’s not my concern if they go out of business. I just want to expand my collection on a routine basis at the lowest cost. It’s just business ultimately even for an emotional item for watch collectors.


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[GGGMT]

The Watch Standard. Funny. . Who woulda bought from them to begin with. Founded 2019. Hehe.


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[outdoors_guy]

Originally Posted by Chester01

I mean its sad in some ways, but did folks really not see this coming. Perhaps im too old but think there are far too many that only ever saw the market go in one direction. Im old enough to recall 1987, early 90's, dot.com bust, and of late 1997 and what goes up comes down.

You don’t even have to go that far back. Late 2000’s and the housing market, but FOMO is real, and ai think it impacts even those who do remember. I remember all the threads in this forum saying Rolex prices will only ever appreciate - people seriously seemed to think that Rolex would be the first asset in history to just appreciate forever. We are still not seeing Rolex at a discount at ADs, but yhe price seems done rising.

[1665fan]

Originally Posted by GGGMT

The Watch Standard. Funny. . Who woulda bought from them to begin with. Founded 2019. Hehe.


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+1……..a fool and his money

[brandrea]

Honestly sounds like waaaaay too much drama for me.

I’ll stick to buying watches from my AD

[mountainjogger]

Originally Posted by beshannon

Awesome, cannot wait until there are discounted Subs and Daytonas in every AD case

Please PM when it is happening.

[beshannon]

Originally Posted by brandrea

Honestly sounds like waaaaay too much drama for me.

I’ll stick to buying watches from my AD

Exactly!

Originally Posted by mountainjogger

Please PM when it is happening.

Any day now

[Littletommy]

Originally Posted by beshannon

Awesome, cannot wait until there are discounted Subs and Daytonas in every AD case

You're going to waiting a long time.

[beshannon]

Originally Posted by Littletommy

You're going to waiting a long time.

Not waiting at all, don’t care.

I have moved on. Rolex neither wants nor needs my business and I am very happy

[Chewbacca]

I’m ruined!!!!!

[Azadwatches]

Still up and running..

[NeoDough]

Leverage works in both directions, who knew!