Greys not budging, just tried

[dtwer]

Originally Posted by schoolboy

Asking what the lowest will be doesn’t usually work

Maybe you can message him/her and say “hey I can offer $19,000”

Something like that might work

This.

The "what is your lowest price" question is literally one of the worst questions one can ask as a buyer. Basically you are implying the seller artificially inflates the price, to which no sensible human beings would be willing to admit.

[enjoythemusic]

Personally, would get out of US Dollars and most other currencies for a few months and see where the dust settles due to Coronavirus and ongoing historically massive central bank induced currency injections. Am sure i'm not the only one doing this right now, so you have to buy something of intrinsic value to retain worth/value.

[AK797]

Originally Posted by andyxxx

I hope you are correct but I suspect you are very wrong.

If the OP was in the UK I would snap his hand off for that offer -and would indeed take considerably less.

I think not, unless this virus mutates to killing people under 60 at a 5% rate then it is politically untenable to cause a massive depression and millions in unemployment with society in chaos and deprivation, at least in the UK; so what will probably follow is in the summer things start to open up but older people will have to stay isolated for many more months, for them this will last a long time.

[Marcjvr]

Originally Posted by Ocog

I'm just as perplexed as you. I think a lot of the individuals on this forum aren't the brightest of lights.

Ok Mr Bright Light, how would you describe the current state of the economy?

[dimag333]

Originally Posted by Flintstone

Grey's aren't hurting.....especially with a large number of Ad's shutdown.

This, the audience is even more captive, now after the shutdowns are over, late summer I bet the incomings will be huge from Rolex dealers and only then combined with the months on lower sales will we see substantially discounted pricing on the hottest models via greys

When potential clients ask me what my best price is I don’t even respond most times, make a serious offer and get a serous response

steve

[Joergen]

Originally Posted by AbsolutelyROLEX!

Ok so they accepted 19k
Wonder if they would have gone lower

The "lowest" is rarely achieved on C24

[DayTona78]

curious to read/hear your thoughts on this! what exactly would you get into, if out of USD and other currencies? ty

agree with you on the Central Bank infusions and the artificial state of health it generates for the economy.

Originally Posted by enjoythemusic

Personally, would get out of US Dollars and most other currencies for a few months and see where the dust settles due to Coronavirus and ongoing historically massive central bank induced currency injections. Am sure i'm not the only one doing this right now, so you have to buy something of intrinsic value to retain worth/value.

[doubleinfive]

Originally Posted by AbsolutelyROLEX!

Just tried to make an offer on a 116500 on chrono24
$19795 listed
Will not go any lower, even when mentioning 800 others listed
I dont know guys, I think everybody is going to hold out

You may be barking up the wrong tree. I've seen a lot of good deals out there lately, albeit not so much from grey dealers but from individuals who are now feeling the crunch and are beginning to unload their newly acquired pieces. Just last week I saw a BLNR listed for $11.5k. Haven't seen that in a while.

My goal for the rest of the year is to acquire the various pieces that have been on my wish list over the past few years and I have lined up the dealers that I will be contacting. Good deals will come, just be patient. And when they do, be ready to pounce.

[DaveDhc]

Originally Posted by The Argonaut

That rarely works. Make an offer: go in at $18k and see where the discussion goes.


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Don't know were this comes from. Are you basing your statements on data that you have gathered or some other source of information?

I recently bought a watch and asked what his best price was. He told me, it was below retail, and I bought it. This was an Omega (Omega AD).

The watch before that was a rose gold Daytona. Same approach, same result (Rolex AD).

In my actual experience, asking for a lowest price has worked well. It seems that people tend to make statements based on no information, or simply repeat what is popular to say. As is usually true, what you read online is usually incorrect.

[mailman]

Originally Posted by AbsolutelyROLEX!

Just tried to make an offer on a 116500 on chrono24
$19795 listed
Will not go any lower, even when mentioning 800 others listed
I dont know guys, I think everybody is going to hold out

I would have ignored this offer.

Originally Posted by AbsolutelyROLEX!

Ok so they accepted 19k
Wonder if they would have gone lower

I hope you bought it if you made an offer and they accepted it.

[Patton250]

Originally Posted by doubleinfive

You may be barking up the wrong tree. I've seen a lot of good deals out there lately, albeit not so much from grey dealers but from individuals who are now feeling the crunch and are beginning to unload their newly acquired pieces. Just last week I saw a BLNR listed for $11.5k. Haven't seen that in a while.

My goal for the rest of the year is to acquire the various pieces that have been on my wish list over the past few years and I have lined up the dealers that I will be contacting. Good deals will come, just be patient. And when they do, be ready to pounce.

You make an excellent point here. People are probably going to get the best deals buying direct from seller’s panic selling if of course they trust them.

Your not going to get a grey to sell a Daytona or any piece for less then what they paid for it.

[Cesium137]

Originally Posted by doubleinfive

You may be barking up the wrong tree. I've seen a lot of good deals out there lately, albeit not so much from grey dealers but from individuals who are now feeling the crunch and are beginning to unload their newly acquired pieces. Just last week I saw a BLNR listed for $11.5k. Haven't seen that in a while.

My goal for the rest of the year is to acquire the various pieces that have been on my wish list over the past few years and I have lined up the dealers that I will be contacting. Good deals will come, just be patient. And when they do, be ready to pounce.

You’re correct, some people are feeling the crunch and unloading. More than likely they are being offered obscenely low prices from greys (who are hurting as well). After turning down the grey slap in the face, trying to selling private party.

[Mr. K]

Congrats on the watch. Could you have gotten it cheaper? Who knows. But you did get it for what you offered. And less than the asking price.

So be happy and just enjoy it.

Look forward, not back.

[peterpl]

You should have offered $18k. I bet he would have accepted that

[Marcjvr]

They may not be budging now...but I bet they have a feeling in the pit of their stomachs, and it’s not a good feeling


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[cda555]

Can't wait for the incoming OP.

When I bought from a grey dealer the fist thing I learned is that "what's your best price" is not going to be met well. Obviously their best price is the list price. You always have to send a figure and see if they accept.

[schoolboy]

Originally Posted by Golf&Watches

Yes, to negotiate an offer is a good place to start.

[schoolboy]

Originally Posted by enjoythemusic

Personally, would get out of US Dollars and most other currencies for a few months and see where the dust settles due to Coronavirus and ongoing historically massive central bank induced currency injections. Am sure i'm not the only one doing this right now, so you have to buy something of intrinsic value to retain worth/value.

Hi Steven, can you please send me a PM expanding on this. I am not sure what you are talking about but I want to know.

Thanks.

[John4C]

Originally Posted by AbsolutelyROLEX!

It was a black
I just asked what his lowest would be

Make a real offer. He’ll budge if it’s reasonable.

Edit:

Originally Posted by AbsolutelyROLEX!

Ok so they accepted 19k
Wonder if they would have gone lower

There you go. Congrats!

[subdownunder]

Anyone thinking this is a micro economic issue is dreaming.
I spoke to a Hong Kong dealer in high end used handbags and she said that a month ago she was able to buy LV etc bags used at low prices as people were desperate to offload them to raise cash.
Only problem is she now has a lot of stock that isn’t moving and prices are collapsing.
This is going to be the Rolex story in a couple of months.
Buyer psychology’s changed, wealth has been destroyed and the USA which has more poor destitute people and an inferior health system to Europe is only a couple of weeks away from the tsunami that hit better prepared European countries.
Rolex pricing?
Look out below!

[jerryguo]

as long as we dont buy from them, price will drop eventually.

[spacebjorn]

As buyers we should also curb our temptations and not buy as soon as we see it come down in the -15% range..

If we all hold out a bit longer we can probably get them closer to retail

Most likely schmucks who can't wait will go after it like dogs though... because rolex marketing

[sallyhats]

Originally Posted by spacebjorn

As buyers we should also curb our temptations and not buy as soon as we see it come down in the -15% range..

If we all hold out a bit longer we can probably get them closer to retail

Most likely schmucks who can't wait will go after it like dogs though... because rolex marketing

I just read Chrysler cut all of their white collar workers salaries by 20% for 3 months, 30% for executives. I can see this catching on with other companies push comes to shove. Not good.

[cj3209]

Originally Posted by subdownunder

...and the USA which has more poor destitute people and an inferior health system to Europe is only a couple of weeks away from the tsunami that hit better prepared European countries...

WOW, bro. I hope you're kidding.

"...better prepared European countries..." You mean like Italy or Spain?

LOL.

CJ

[CashGap]

Originally Posted by subdownunder

the USA which has more poor destitute people

Nope.

https://en.wikipedia.org/wiki/List_o...ing_in_poverty

Originally Posted by subdownunder

and an inferior health system to Europe

We could argue this, but no wealthy US folks go to Europe for medical care, while the opposite is too common to even note. You want the best medical care, you come to the US, no one can argue that. Yes, our lack of border control overwhelms our ERs as illegals use them as primary care, and we should eliminate the employer from the patient/provider/insurer equation.

Originally Posted by subdownunder

is only a couple of weeks away from the tsunami that hit better prepared European countries.

Nope.

https://www.foxnews.com/politics/us-...-found-in-2019

I'd say 2.7 Pinochios on the three contentions in your sentance.

[CashGap]

Originally Posted by sallyhats

I just read Chrysler cut all of their white collar workers salaries by 20% for 3 months, 30% for executives. I can see this catching on with other companies push comes to shove. Not good.

Dang, that is typical automaker stupidity. But with blue collar union contracts, that's the only place they can cut... the folks running the place.

Bye bye, Chrysler. I hope if this gets bad I don't draw a ventilator you made, I could get electrocuted.

(My patrol car is a Dodge, I have sound reasons to fear Chrysler electrical engineering).

[bonovox]

This thread is turning away from the topic.

It's been a while since 2008. It takes time for what's going on now to show its true colors in the market. I'm not talking next week or next month but it will come.

[dimag333]

Originally Posted by CashGap

Nope.

https://en.wikipedia.org/wiki/List_o...ing_in_poverty



We could argue this, but no wealthy US folks go to Europe for medical care, while the opposite is too common to even note. You want the best medical care, you come to the US, no one can argue that. Yes, our lack of border control overwhelms our ERs as illegals use them as primary care, and we should eliminate the employer from the patient/provider/insurer equation.



Nope.

https://www.foxnews.com/politics/us-...-found-in-2019

I'd say 2.7 Pinochios on the three contentions in your sentance.

steve

[Giangos]

Originally Posted by DBlue2018

You’re telling someone to back out of an offer they have made and had accepted?



Isn’t that ungentlemanly



I feel he is overpaying but I’d rather be true to my word

Totally agree. I feel the OP should honour the agreement now.


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[Mystro]

Originally Posted by subdownunder

Anyone thinking this is a micro economic issue is dreaming.
I spoke to a Hong Kong dealer in high end used handbags and she said that a month ago she was able to buy LV etc bags used at low prices as people were desperate to offload them to raise cash.
Only problem is she now has a lot of stock that isn’t moving and prices are collapsing.
This is going to be the Rolex story in a couple of months.
Buyer psychology’s changed, wealth has been destroyed and the USA which has more poor destitute people and an inferior health system to Europe is only a couple of weeks away from the tsunami that hit better prepared European countries.
Rolex pricing?
Look out below!

Your kidding right???
The United States is the world's largest economy by a comfortable margin with a GDP of approximately $20.513 trillion, notably due to high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation.

To put in perspective, the Walmart company alone would be the worlds 24th largest GDP.
There is plenty of wealth even in the worst of times for enough Americans to still buy luxury goods.