It’s started ... trusted seller offering $500 discount

[vicsdca]

Even if Davidsw offered $5,000 off a Daytona, it would still be $5,000 over MSRP.

[Justinmg]

Yep I want see 1k under msrp like it used to be! Otherwise I’ll just got to a AD.

[H25B]

Time will tell, and I hope I’m wrong. But if the market for these things is colluded and manipulated it will be a bloodbath.

[Nikrnic]

500 off of whaaat... Whoopdedoo!!!

Sent from my SM-G970U using Tapatalk

[Bluside]

I'm glad that I'm not sitting on a bunch of overpriced watches right now hoping for that one person to come along.

I'm just hoping to find toilet paper.

[58junior]

Nobody is going to be buying anything for awhile...When you watch Your 401K dive 40%, you stop thinking about spending $15k on a watch.

[red1108nyc]

Originally Posted by Bluside

I'm glad that I'm not sitting on a bunch of overpriced watches right now hoping for that one person to come along.

I'm just hoping to find toilet paper.

I too prefer toilet paper over a new Rolex at the moment. Can't wipe your you know what with a Rolex.

[Hollie_Rollie]

Originally Posted by vicsdca

Amen! DavidSW is the greediest of them all both as a buyer and as a seller, but he has many friends on TRF :)

I mean, can you blame him? If you have a hot commodity and a bunch of wealthy people with money burning a hole in their pocket and they are silly enough to pay double msrp? Can’t hate the player hate the game... and it’s game over for him. For the foreseeable future

[58junior]

I do have 30 rolls of toilet paper and 4 bottles of Generic hand sanitizer I will trade for a Pepsi gmt, but only if it hasn’t been polished. You pay shipping.

[Chaching]

$500 bucks that’s it

[dimag333]

David’s service, website and everything else is higher than the other greys so his pricing should be also.

steve

[Geckobros]

I don't blame the gray dealers for charging as much as they can when they can. It looks like they now need to wake up though.. $500 off of a pre-"where the F is the TP?!"price is laughable.

[Chaching]

Originally Posted by vicsdca

Even if Davidsw offered $5,000 off a Daytona, it would still be $5,000 over MSRP.

and why I have been waiting for the Daytona... way too much hype around a SS Watch. MSRP will be soon boys and girls if not at a discount.

[red1108nyc]

Originally Posted by Chaching

and why I have been waiting for the Daytona... way too much hype around a SS Watch. MSRP will be soon boys and girls if not at a discount.

Absolutely. For all who waited through this massive bubble run, your patience will be rewarded sooner rather than later

[Chaching]

Originally Posted by red1108nyc

Absolutely. For all who waited through this massive bubble run, your patience will be rewarded sooner rather than later

Believe me it has taken GREAT RESTRAINT!

[djgallo]

Originally Posted by red1108nyc

Absolutely. For all who waited through this massive bubble run, your patience will be rewarded sooner rather than later

When is sooner? Tomorrow....next week....next month......2 months.....3months....6.....7....8.....when is sooner.....I want the Daytona at MSRP or lower....

[Ensign]

Originally Posted by Hollie_Rollie

I mean, can you blame him? If you have a hot commodity and a bunch of wealthy people with money burning a hole in their pocket and they are silly enough to pay double msrp? Can’t hate the player hate the game... and it’s game over for him. For the foreseeable future

DavidSW provides access to models, to non VIPs like myself, which we have no access to.

I’m not willing to bundle a TT DJ or PM in order to get a SS, nor will I buy a ton of wifey jewelry to get my name on an AD’s “list.”

I picked up a SS Prof at about MSRP from DavidSW a couple years ago when they went unavailable at ADs. Back then ADs were just shrugging their shoulders, saving watches for whales.

No monkey business with DavidSW - pay your money and next day you get your watch.

[iatacs19]

Just look at the state of things all over the world, these luxury goods won't stand a chance. As always the stock market is a leading indicator, it's showing you what will hit the real economy down the line. If you wait a bit MSRP will be a joke too. Be patient if you are still in the market and you'll get that deal you have been holding out for since 2016.

[173rdabn]

We shall see what the next 6 or 8 weeks brings.

[red1108nyc]

Originally Posted by Chaching

Believe me it has taken GREAT RESTRAINT!

haha!!! I understand bud!!

[ronricks]

Originally Posted by dimag333

David’s service, website and everything else is higher than the other greys so his pricing should be also.

steve

[bezler]

Originally Posted by Justinmg

Yep I want see 1k under msrp like it used to be! Otherwise I’ll just got to a AD.

You should be looking for 1k under msrp from an AD at minimum. And probably quite a bit more.

[md3113]

I would imagine that one or two of the biggest, and a lot of the smaller greys will go under in the next 2 years. Assuming we’re looking a 12-18 month period of (severe) economic contraction, unless you’re sitting on a giant pile of cash and can wait out a potential 18 month drop in demand (and therefore grey pricing), greys will be looking to break even if sell at a loss. For smaller greys moving a dozen or two watches a month that isn’t sustainable. For the larger ones it will be a waiting gam. From a Rolex perspective I think AD’s will be fine, selling at or near MSRP albeit with a smaller pool of customers willing to spend 10k in the next year or two. For greys with hot stainless pieces acquired above MSRP?

I saw a grey on Instagram comparing Rolex values on Wednesday, which he obviously said had not dropped, to blue chip stock pricing. When challenged on his pricing in the comments he said he’d buy 100 Daytona’s at 20k a piece in today’s market. This grey is also noted for posting pictures of dozens of Daytonas and Hulks in his inventory. I’d be willing to bet that he’s relatively young, too young to have professionally lived through the 2008 (or any other recession).

[Frontier]

I am a watch hobbyist and a professional venture capitalist. I am more than happy to offer people my personal opinion on what is expected to transpire in the markets, but the recent volatility in the global stock markets are just the tip of the iceberg. The fact is that there are billions of dollars of jewelry, precious stones, and gold coins that are pledged as collateral against loans and margin calls have already begun. I know because I see it. Of those three categories hobbyist-owned watches and stones are the most vulnerable to rapid price fluctuations because of forced liquidations.
I feel bad for dealers who are sitting on millions of dollars of inventory hoping collectors won't notice, but the reality is that prices on watches will drop and, in my opinion, MSRP shouldn't be considered the backstop. One can establish his or her own estimate of the real production cost of a SS Rolex sport or chronograph watch or an AP, Patek, or Piaget regular production timepiece.
IF our global economy is shut down for more than 3 months these watches could trade at those base levels and gold and platinum watches will track the price of their underlying commodity metals purely based on weight.
In my opinion there is far greater value to a pure gold or platinum watch right now and if our global economy sustains a more permanent shutdown ask yourself, is a mass produced Rolex Hulk or GMT Master really more valuable than food, shelter, and medical care during exceptional times?
I currently see some sellers either oblivious to the stresses entering the watch market or hopeful they can find a sucker - truly pathetic. As I said, I do feel bad for the watch dealers who provide liquidity and value to this industry, but like in my industry I suspect the bid-ask will widen quickly and the business will evolve more to consignment to protect the market makers.
If you see a decent bid hit it. If you can trade for something you like, be rational.
It's going to real ugly before it gets better.

[bezler]

Originally Posted by djgallo

When is sooner? Tomorrow....next week....next month......2 months.....3months....6.....7....8.....when is sooner.....I want the Daytona at MSRP or lower....

Dude, there's a big recession coming. You need to start saving your periods!

[Deppe]

Originally Posted by dimag333

I know lol, this entire thread reminds me of a fat little boy sticking his tongue going “nah nah Na nah nah”

steve

A lot of threads have been like that lately, and I suspects that it’s only gonna get worse. Every little market fluctuation and some people are “Times are changing - back to MSRP!”.

[Deppe]

Originally Posted by FATO

He has the highest prices of all grey. On par with watchfinder.


Sent from my iPhone using Tapatalk

But - Watchfinder had a sale back in October! Can’t you see it? It’s a pattern! It’s just a matter of time and then we’ll have Daytona’s for everyone!!!

[watchmework]

It’s amazing what a couple of days in quarantine brings into TRF....a lot of new experts here all of a sudden.

[dimag333]

Originally Posted by watchmework

It’s amazing what a couple of days in quarantine brings into TRF....a lot of new experts here all of a sudden.

And almost none of them are pledge members, must be waiting for the membership to be discounted

steve

[md3113]

Originally Posted by watchmework

It’s amazing what a couple of days in quarantine brings into TRF....a lot of new experts here all of a sudden.

We talking watch experts or finance/economics experts?

I’m a Rolex buyer in today’s market, but I’m a but surprised people are steadfast in the belief that grey pricing will not be effected by the current crises. Time will tell.