How does AD feel about flippers?

[Mis3]

As per my other post, I am waiting for a DJ41 with a certain configuration. In the past few months, I turned down 2 offers from my AD because of different configurations.

My friends thought I was crazy because I could have bought them and sell them at higher prices. What do you think?

Also, if I have bought one of these DJ41, would the AD take me off the list of my preferred DJ41?

[amphr1]

You did the right thing. If they found out you flipped, you'll be blacklisted.

[Hulkhunter]

If you are getting offered random DJ configurations they are unlikely to be desirable ones. There are only a few DJ configs you would be able to sell without loosing money let alone make money.

Just wait for what you want

[amh]

Thank you OP, you did the right thing.

Better than the posts: "I'm so bored of my XX... what should I get next?"

Meanwhile the faux lists just keep getting longer

[Mis3]

To be specific. My desired DJ41 configuration is white dial, batons, fluted and jubilee.
The first one I turned down was one with smooth bezel and the 2nd one was with roman numerals.

I just saw the mint green dial here in this forum and I love it. So, I will pass by the AD this week to add it. So, my desired configuration:
1. White or mint green dial
2. Fluted
3. Batons
4. Jubilee (oystersteel my 2nd choice)

[Vince M.]

When you're buying 100k worth of jewelry to land the allocation the AD will hardly give you a hand slap.

[JRell]

No and for what? The DJs are not even selling for that much. Do you like the watch or not? Yes = buy, No = pass and wait.

[Hulkhunter]

The mint green is lovely. My wife has one. The dial pops in the light.
That is probably the hardest one to get though as it’s new so will likely be a longer wait than the white

[HMHM]

If you flipped a pearlmaster or something that is sitting in the case, you will probably get a reprimand if they find out. Flip a Daytona or a GMT and you will likely never see another Rolex professional model again.

[NJpakman]

Originally Posted by Mis3

To be specific. My desired DJ41 configuration is white dial, batons, fluted and jubilee.
The first one I turned down was one with smooth bezel and the 2nd one was with roman numerals.

I just saw the mint green dial here in this forum and I love it. So, I will pass by the AD this week to add it. So, my desired configuration:
1. White or mint green dial
2. Fluted
3. Batons
4. Jubilee (oystersteel my 2nd choice)

White dial, baton, fluted, jubilee - i only see Davidsw has active listing for this configuration. Good luck getting it from AD and MSRP price

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[Calatrava r]

If your AD found out you quickly sold a watch, that would end your relationship with that AD. Sad, but that is the way it is. It's actually Rolex corporate that is against flipping and it expects its ADs to sell only to end users/keepers or face the consequences of loss of agency status if ADs don't.

[BillA]

why do you care what the AD thinks
You lined his pocket with a sale, that is all they care about.
They only find out you flipped it if you tell them.

[Ironworker]

I can imagine how many AD’s are already knowingly selling to flippers and getting a little on the side.

[Tools]

Originally Posted by Mis3

. . .

My friends thought I was crazy because I could have bought them and sell them at higher prices. What do you think?

. . .

Who cares about the AD..

It's a certain kind of low life who buys just to flip, when there are others on the list who deserve a shot at their dream watch as much as anybody else.

If you don't want an offered watch, give the next guy a shot at it.

[BNA/LION]

It's not illegal. However, it really does stop people from getting watches from AD's at MSRP and pushed up prices on the secondary market. I personally haven't flipped a watch.

[Rrpdc]

Very few dj will bring a profit now for sure. You might even lose money wity msrp+tax.

[Harry-57]

Been there and declined. I don't see the point in buying something I don't want but each to their own. My AD does what it can to discourage flippers and my reluctance to do this may have contributed to my obtaining desirable models within reasonable wait times. I don't know for sure but I would bet on it.

[Ironworker]

Originally Posted by Tools

Who cares about the AD..

It's a certain kind of low life who buys just to flip, when there are others on the list who deserve a shot at their dream watch as much as anybody else.

If you don't want an offered watch, give the next guy a shot at it.

Capitalism, it’s the American way, isn’t that how nib watches are winding up on the grey market.

[TomCarter]

AD’s don’t care. I have it on excellent authority from 2 of my preferred AD’s that the majority of “flipping” l.e. allocations of highly desirable pieces is controlled and organized by management.

[amh]

Originally Posted by Ironworker

I can imagine how many AD’s are already knowingly selling to flippers and getting a little on the side.

That's they grey market in a nutshell. How else can they offload all the diamond lady datejusts?

[JRell]

Originally Posted by BNA/LION

It's not illegal. However, it really does stop people from getting watches from AD's at MSRP and pushed up prices on the secondary market. I personally haven't flipped a watch.

Lol the flipper police!!!!

[INC]

Silly, but: What could happen if you buy the watch what you don't like, but it's rare, so you can sell it over the MSRP to an AD? You can simply say, you changed your mind, you don't like that. This is something what is not against the policy as you don't sell the watch for a flipper, however in the same time the AD can sell that watch for a higher price then the MSRP as it's not brand new anymore? It's sounds very weird for me too, but under the new rules this seems to be a possible solution.

[mountainjogger]

Originally Posted by Tools

Who cares about the AD..

It's a certain kind of low life who buys just to flip, when there are others on the list who deserve a shot at their dream watch as much as anybody else.

If you don't want an offered watch, give the next guy a shot at it.

Agree.

[Calatrava r]

Originally Posted by BNA/LION

It's not illegal. However, it really does stop people from getting watches from AD's at MSRP and pushed up prices on the secondary market. I personally haven't flipped a watch.

I have never understood the notion here that increasing the supply of used watches on the secondary market pushes up prices. Increasing the supply of anything should lower the price not increase it. Only increasing demand can raise prices.

[fskywalker]

Originally Posted by JRell

Lol the flipper police!!!!

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[serenerabbit]

Flipping has been a boon for ADs and Rolex overall but it is nuanced.

In your case, just waiting it out for the requested model and configuration is the best approach.

I love the white with baton, regardless of other configuration options. Great call!

[mountainjogger]

Originally Posted by Calatrava r

I have never understood the notion here that increasing the supply of used watches on the secondary market pushes up prices. Increasing the supply of anything should lower the price not increase it. Only increasing demand can raise prices.

First point is that you are decereasing supply at MSRP and increasing supply at higher secondary market.

But I think the theory is that the more people that cannot fill their demand through an AD, the more demand there is on the secondary market. The more demand on the secondary market, the higher the secondary market price.

For the sake of argument, let's say that 25% of the of a hot model are picked up by flippers. And let's just pick a number and say that is 300 watches. And let's say that 2/3 of those people turn to the secondary. That means 200 more cases of demand on the secondary market. Now, if those watches were not bought by flippers, that demand would not be diverted to the secondary market.

The numbers were just pulled from thin air. But I think the argument has merit.

[Mis3]

I thought AD cannot sell a watch over MSRP. Am I right?

[amh]

Originally Posted by Calatrava r

I have never understood the notion here that increasing the supply of used watches on the secondary market pushes up prices. Increasing the supply of anything should lower the price not increase it. Only increasing demand can raise prices.

Having the watch end up on a wrist decreases demand because the Grey dealer is skipped.

Scenarios:
1. Joe Blow buys a Sub at MSRP and wears it. No effect on market.
2. Joe Blow buys a Sub and sells it. Watch is on grey market.
- John Doe has no purchase history and buys from the Grey
- Market sees 'demand' and he must pay MSRP+30%

If AD sold to both John and Joe demand would be met without and markup. The only additional 'cost' to each is waiting time (eg. 1 year each, sequential order.)

However I know in reality it doesn't work this way. Joe knows John really, really wants the watch so he flips it and makes an easy 20%. Grey sells at 30% markup and makes an easy 10%.

[Watchsprings]

You did the right thing. Wait for what you want and asked for.