AD and a Grey in 1?

[vipergts66]

Went to my local (and only) PP AD.
Only one in the store, met a nice salesperson. He was wearing a classic speedy as was I and he made a nice comment.

Interestingly in the front was a display case of various “hard to find watches”. I saw a few Rolex sports models etc. I asked if they were second hand and he said yes, some were trades and some were bought by “other means”; he did not elaborate.

Interestingly there was a blue Nautilus 5726 in the case, no surprise the sticker price was $75k. He then explained that it was a very popular piece and supply just cannot and will not meet demand. I asked how that watch came to be in the case to which he replied someone traded it in. I asked what the MSRP was and played dumb while he explained their resale price is reflective of current market value.

I asked him in the same store he would sell a brand new piece for more than $30k less than their resale case. He stated that hard to find models were a reward for loyal customers, telling a story of a client who just received a blue 5711 who had spent $250k on the store last year.

I asked how does a regular guy like me be graced with such a piece and he said have to pay the premium. And that if I wanted he could get me any PP in their network, but at “market value”.

Seemed shady that an AD is doing grey market deals.
Any one experience this?

[BigAppleBill]

Are you saying your local PP AD offered you a BNIB 5711a for a grey-like premium? Would you get to put your name on the papers? This is intriguing. Did he quote you a price?

[WatchLurv]

75K for a 5726 Blue? Take it.

[Mr Naultilus]

Surely that is unethical ?

[SL BRABUS]

[JodyHighroller]

Sounds like De Boulle? I thought that was weird also when I visited them.

[csj]

Govberg in Philadelphia does the same thing, specifically with all the hot Rolex models, but I wouldn't be surprised if they also did it with PP. Just another AD being shady and greedy unfortunately...

[tom2517]

Years ago when 59801R first came out, my local dealer offered me one with 15% discount, I didn’t buy it because I wanted 20% off. So I don’t have problems with ADs taking advantage of the current situation. Does everyone here buys watches at MSRP? Never ask for discounts on slow moving watches or whatever other things? Never tried to take any advantages when opportunities presents itself?

I’m not here to defend ADs, personally I’m done with local Rolex and Patek ADs. It’s a free market, as someone here (another post) said, you can always vote with your feet, don’t buy watches there.

[italiafan]

I’m confused, I presume the majority of you are capitalists and believe in free markets, right?
What is wrong with them selling a used watch at market price?
The new watch price is set by manufacturer and they sell that at msrp to best customers, so what is wrong with that?
If you want a used watch he can source it for you and take a fee for it, no problemo?

[1William]

I think this is the name of the game right now and I do not fault the AD's for acting in the moment. The never ending whining on TRF about pricing is amazing. I have been on here for awhile and I never heard the first pep from anyone when the AD's were discounting and stock was available. The market is the market. Either play or sit down.

[AK797]

I think ADs should not be allowed to also sell used products as the chance of abuse is obviously very great as we've seen many times, esp in the famous bloodbath thread here a couple of years ago, but as to your comment - what about a regular guy like me? - well if you can afford to even think about a Patek then you are not a regular guy at all. I think we have to accept the price is the price and affordability is what makes things exclusive whether they be a Rolex, against 95% of the gen pop, or a PP against 99% of the gen pop.

[Fat_ninja]

Originally Posted by AK797

I think ADs should not be allowed to also sell used products as the chance of abuse is obviously very great as we've seen many times, esp in the famous bloodbath thread here a couple of years ago, but as to your comment - what about a regular guy like me? - well if you can afford to even think about a Patek then you are not a regular guy at all. I think we have to accept the price is the price and affordability is what makes things exclusive whether they be a Rolex, against 95% of the gen pop, or a PP against 99% of the gen pop.

What’s the bloodbath thread?

[Mr Naultilus]

Originally Posted by AK797

I think ADs should not be allowed to also sell used products as the chance of abuse is obviously very great as we've seen many times, esp in the famous bloodbath thread here a couple of years ago, but as to your comment - what about a regular guy like me? - well if you can afford to even think about a Patek then you are not a regular guy at all. I think we have to accept the price is the price and affordability is what makes things exclusive whether they be a Rolex, against 95% of the gen pop, or a PP against 99% of the gen pop.

May I ask why you feel you can't be a regular guy to be able to afford or even think about buying a Patek?, as I most certainly am , and because a like a nice watch, maybe I've had to work and save hard to achieve that goal I've set for myself

But I know of many ADs who wouldn't do what the OP has said

[TJMike]

Originally Posted by Fat_ninja

What’s the bloodbath thread?

I believe it was this one:
https://www.rolexforums.com/showthre...ighlight=Patek

[Fat_ninja]

Originally Posted by Mr Naultilus

May I ask why you feel you can't be a regular guy to be able to afford or even think about buying a Patek?, as I most certainly am , and because a like a nice watch, maybe I've had to work and save hard to achieve that goal I've set for myself

But I know of many ADs who wouldn't do what the OP has said

I really hope this thread does not turn into class war fair. Watches are for everyone... buy what u like buy what u can.

[TJMike]

Originally Posted by Fat_ninja

I really hope this thread does not turn into class war fair. Watches are for everyone... buy what u like buy what u can.

The forum has already been segregated along class lines: uber rich asshats vs rich asshats.

[Fat_ninja]

Originally Posted by TJMike

The forum has already been segregated along class lines: uber rich asshats vs rich asshats.

Lol

Mike I think u and I would have a great time hanging out... if u ever in NYC come hit me up.

[V25V]

Originally Posted by TJMike

The forum has already been segregated along class lines: uber rich asshats vs rich asshats.

Thats freakin hilarious and I love the term asshats.

AD here does the same, they just started it recently. Whatever...... everyone playing the game but it will come back to bite them when the market turns. Can't wait.

[dimag333]

Originally Posted by vipergts66

Went to my local (and only) PP AD.
Only one in the store, met a nice salesperson. He was wearing a classic speedy as was I and he made a nice comment.

Interestingly in the front was a display case of various “hard to find watches”. I saw a few Rolex sports models etc. I asked if they were second hand and he said yes, some were trades and some were bought by “other means”; he did not elaborate.

Interestingly there was a blue Nautilus 5726 in the case, no surprise the sticker price was $75k. He then explained that it was a very popular piece and supply just cannot and will not meet demand. I asked how that watch came to be in the case to which he replied someone traded it in. I asked what the MSRP was and played dumb while he explained their resale price is reflective of current market value.

I asked him in the same store he would sell a brand new piece for more than $30k less than their resale case. He stated that hard to find models were a reward for loyal customers, telling a story of a client who just received a blue 5711 who had spent $250k on the store last year.

I asked how does a regular guy like me be graced with such a piece and he said have to pay the premium. And that if I wanted he could get me any PP in their network, but at “market value”.

Seemed shady that an AD is doing grey market deals.
Any one experience this?

I personally wont do business with any AD on any level that acts this way, I cant believe the stuff that they are saying these days!

steve

[Fat_ninja]

Originally Posted by V25V

Thats freakin hilarious and I love the term asshats.

AD here does the same, they just started it recently. Whatever...... everyone playing the game but it will come back to bite them when the market turns. Can't wait.

He stole my term.

[locutus49]

Blue collar versus White Collar versus Platinum Collar.

Originally Posted by TJMike

The forum has already been segregated along class lines: uber rich asshats vs rich asshats.

[Fat_ninja]

Originally Posted by locutus49

Blue collar versus White Collar versus Platinum Collar.

Can u show pictures of ur car now :)

Edit: I joke btw. I was thinking james lol

[Token74]

My local Rolex AD does the same thing. They sell the new pieces at retail price but if someone trades one in, they can sell it at used market rates. It seems slightly odd, but in reality I wouldn’t expect anything else. And we should bear in mind that they will have paid over retail to the customer trading in, in all reality.




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[AK797]

Originally Posted by Mr Naultilus

May I ask why you feel you can't be a regular guy to be able to afford or even think about buying a Patek?, as I most certainly am , and because a like a nice watch, maybe I've had to work and save hard to achieve that goal I've set for myself

But I know of many ADs who wouldn't do what the OP has said

By regular I mean a normal guy ie one who doesn't own a PP/Rolex or drive a Ferrari, however anyone with a real passion and iron discipline can probably buy either of these in the end, but these are specialist people not the norm, and as we are talking about high luxury products it is disingenuous to approach this with an average Joe type of mentality.

[Mr Naultilus]

Originally Posted by AK797

By regular I mean a normal guy ie one who doesn't own a Rolex or drive a Ferrari, however anyone with a real passion and iron discipline can probably buy either of these in the end, but these are specialist people not the norm.

So as I'm a white van man,I'm now trying to figure out what I am,

I know I don't own a Rolex or a Ferrari , but I do own some Patek's

[AK797]

Originally Posted by TJMike

The forum has already been segregated along class lines: uber rich asshats vs rich asshats.

The one thing I haven't seen on this forum is brazen inherited wealth buyers, they keep themselves very discrete, altho we've had the odd guy with tons of PP gear but no idea, and we've speculated they must have won the lottery.

[AK797]

Originally Posted by Mr Naultilus

So as I'm a white van man,I'm now trying to figure out what I am,

I know I don't own a Rolex or a Ferrari , but I do own some Patek's

You're one of the specialists, basically a WIS.

[Mr Naultilus]

Originally Posted by AK797

You're one of the specialists, basically a WIS.

So the Dr was right then, I am special

[AK797]

Originally Posted by Mr Naultilus

So the Dr was right then, I am special

Only needs.

[Mr Naultilus]

Originally Posted by AK797

Only needs.

Sorry