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TswaneNguni · 26 February 2019, 06:28 AM

... on Chrono24 at ridiculous pricing .

Flippers 1 Collectors 0

Not how it should be .

bp1000 · 26 February 2019, 06:35 AM

Totally agree

I’ve said all along. ADs should be the handover and end experience.

You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders.

You reserve your place in the queue.

Your details and payment are cross checked.

You then choose which boutique to organise the pickup.

The AD gets credited with the sale.

Rolex maintain a list of buyers and choose how to allocate list pieces.

ADs are simply taking us all for a ride with their discrimination.

Sent from my iPhone using Tapatalk

tyler1980 · 26 February 2019, 06:42 AM

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

TswaneNguni · 26 February 2019, 06:45 AM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

Even worse

I wonder what percentage does not get flipped immediately ..10% ??

tyler1980 · 26 February 2019, 06:50 AM

Quote:

Originally Posted by TswaneNguni

Even worse

I wonder what percentage does not get flipped immediately ..10% ??

how do you know they are flipped immediately? Its been nearly 9 months now. Some people are legitimately moving on at this point. Plus, basel is about to release new watches.

I agree a lot get flipped, but there is a lot of natural movement happening at this stage too

coralfarmer84 · 26 February 2019, 06:52 AM

Quote:

Originally Posted by tyler1980

how do you know they are flipped immediately? Its been nearly 9 months now. Some people are legitimately moving on at this point. Plus, basel is about to release new watches.

I agree a lot get flipped, but there is a lot of natural movement happening at this stage too

Do that many people change watches that frequently? Genuinely curious. Maybe I've been doing it all wrong as I've only ever sold 1 watch (2 tone just wasn't for me) and now have 11.

TswaneNguni · 26 February 2019, 06:55 AM

Quote:

Originally Posted by tyler1980

how do you know they are flipped immediately? Its been nearly 9 months now. Some people are legitimately moving on at this point. Plus, basel is about to release new watches.

I agree a lot get flipped, but there is a lot of natural movement happening at this stage too

No,more flipping than normal Rolex movement on this one.The price asked confirms.It will have to be quite a special release to topple the BLRO.

lecorsaire · 26 February 2019, 07:01 AM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

This was the story with the Daytona in 2016 in the Diamond District. Give me a deposit and I’ll get you one in 2-6 days. Now they can get a hold of one quickly. This is their business after all and they have many connections and sellers who can source one for them.

Token74 · 26 February 2019, 09:15 AM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

Absolutely my experience of greys on Chrono.

Sent from my iPhone using Tapatalk

shaunylw · 26 February 2019, 09:24 AM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

Thats a valid point.

Yoda_Eating_Pizza · 26 February 2019, 01:26 PM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

Seller #1: Hey man, I'll buy that BLRO you have listed!
Seller #2: That one just sold, but I'll have another one in one day, just a few dollars more.

Seller #2: Bro, is that BLRO still available? I'll take it!
Seller #3: Darn, you just missed it, but I can get another one in about 24 hours, for just a few dollars more.

Seller #3: Hey, I'd like to buy that BLRO you have listed.
Seller #1: Aw, I just sold it, but I have another one coming in about a day, costs only a little more than the last one.

Welshy · 26 February 2019, 01:46 PM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

One of my employees and I both have the BLNR. His friend tried to buy his after no luck at the three local ADs. My employee flatly refused (his dream watch), but said he would see if I were interested knowing that I'm a little meh on the BLNR now. I told him to go to bobs or DSW, that he'd get it less than 14k and brand new at that.

He called Bobs watches, who have 5 on their site. He was told there were none in stock, but they would source it for him with a refundable deposit (90 days) and closer to 16k price tag.

brandrea · 26 February 2019, 11:08 PM

Quote:

Originally Posted by tyler1980

i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time

exactly.

arcentaur · 26 February 2019, 06:55 AM

Quote:

Originally Posted by bp1000

Totally agree

I’ve said all along. ADs should be the handover and end experience.

You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders.

You reserve your place in the queue.

Your details and payment are cross checked.

You then choose which boutique to organise the pickup.

The AD gets credited with the sale.

Rolex maintain a list of buyers and choose how to allocate list pieces.

ADs are simply taking us all for a ride with their discrimination.

Sent from my iPhone using Tapatalk

I agree. The only problem is that ADs use mules, especially in Asia. They could flood the order queues and then we’re back to square one. It will become a battle of keyboard “refresh” not unlike that of Omega ultraman’s flash sale (albeit LE). Just thinking out loud.

Dr.Brian · 26 February 2019, 06:55 AM

Quote:

Originally Posted by bp1000

Totally agree

I’ve said all along. ADs should be the handover and end experience.

You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders.

You reserve your place in the queue.

Your details and payment are cross checked.

You then choose which boutique to organise the pickup.

The AD gets credited with the sale.

Rolex maintain a list of buyers and choose how to allocate list pieces.

ADs are simply taking us all for a ride with their discrimination.
Sent from my iPhone using Tapatalk

That’s how my state liquor stores run for special order wine and liquor. You place the order online at the liquor control board, pay upfront, liquor gets delivered to the local store you select and you pick it up with ID.

lecorsaire · 26 February 2019, 06:58 AM

Quote:

Originally Posted by bp1000

Totally agree

I’ve said all along. ADs should be the handover and end experience.

You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders.

You reserve your place in the queue.

Your details and payment are cross checked.

You then choose which boutique to organise the pickup.

The AD gets credited with the sale.

Rolex maintain a list of buyers and choose how to allocate list pieces.

ADs are simply taking us all for a ride with their discrimination.

Sent from my iPhone using Tapatalk

Have you never heard of bots? As bad as this situation is, it can only get worse! As long as there is an opportunity for arbitrage in this market, resellers will exploit it. This will only change when guys stop paying double retail! What the hell is wrong with people? Even among buyers I’m pretty sure that many are buying stuff just to show off that they scored a “rare” watch, not because they really like it.

When supply of Hulk was plentiful, many liked them and many more thought too much green. Even with the BLRO people thought the colors just don’t look right. As soon as people saw the over 20 market price it suddenly became beautiful!

bp1000 · 26 February 2019, 07:09 AM

Quote:

Originally Posted by lecorsaire

Have you never heard of bots? As bad as this situation is, it can only get worse! As long as there is an opportunity for arbitrage in this market, resellers will exploit it. This will only change when guys stop paying double retail! What the hell is wrong with people? Even among buyers I’m pretty sure that many are buying stuff just to show off that they scored a “rare” watch, not because they really like it.

When supply of Hulk was plentiful, many liked them and many more thought too much green. Even with the BLRO people thought the colors just don’t look right. As soon as people saw the over 20 market price it suddenly became beautiful!

You can’t arbitrage credit cards / bank details to an extent

There are ways to reduce this

Requiring payment information, name and address. This can stop multiple purchases by the same person / group of people.

ADs let it happen as they get the sale.

But Rolex is the brand and like anything arbitrage they are your biggest clients but at some point you simply have to change the rules of the game.

lecorsaire · 27 February 2019, 07:31 AM

Quote:

Originally Posted by bp1000

You can’t arbitrage credit cards / bank details to an extent

There are ways to reduce this

Requiring payment information, name and address. This can stop multiple purchases by the same person / group of people.

ADs let it happen as they get the sale.

But Rolex is the brand and like anything arbitrage they are your biggest clients but at some point you simply have to change the rules of the game.

Again. For resellers, especially grey jewelers, this is not a problem! They will exploit the system.

MTBer · 26 February 2019, 08:09 AM

Quote:

Originally Posted by bp1000

Totally agree

I’ve said all along. ADs should be the handover and end experience.

You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders.

You reserve your place in the queue.

Your details and payment are cross checked.

You then choose which boutique to organise the pickup.

The AD gets credited with the sale.

Rolex maintain a list of buyers and choose how to allocate list pieces.

ADs are simply taking us all for a ride with their discrimination.

Sent from my iPhone using Tapatalk

I doubt Rolex will go direct sales for a few reasons-

1. Rolex gets to blame ADs for selling to flippers & grey market
2. Rolex gets to wash their hands of the allocation process, and can’t be blamed by the end user for institutional favoritism/discriminatory practices
3. ADs get to use hard to find pieces as leverage for selling slower moving Rolexes and higher margin jewelry.
4. Some watches won’t move without discounting. I’m sure Rolex would rather make their money off the watch via sale to a retailer and let them worry about tying up capital while selling it for what they can, rather than being forced to offer very visible discounts publicly if sold directly by Rolex to end user. As it stands, Rolex has a captive buyer for every watch they make.

SN13 · 26 February 2019, 07:03 AM

(213) - 16618 AVAILABLE for immediate purchase! On Chrono24...

(106) - 116600 AVAILABLE for immediate purchase! On Chrono24...

(934) - 116610 AVAILABLE for immediate purchase! on Chrono24...

I mean if you want, we can keep going... the point is that there will always be used for sale.

brandrea · 26 February 2019, 11:10 PM

Quote:

Originally Posted by SN13

(213) - 16618 AVAILABLE for immediate purchase! On Chrono24...

(106) - 116600 AVAILABLE for immediate purchase! On Chrono24...

(934) - 116610 AVAILABLE for immediate purchase! on Chrono24...

I mean if you want, we can keep going... the point is that there will always be used for sale.

That's a lot of flippers

danicasi2002 · 26 February 2019, 07:18 AM

Agree with tyler1980. Called a couple of sellers at another online marketplace to inquire about a SS sports watch priced at lower premium than most. They replied the item was just sold but they can get me another one. However it will cost me more than the original advertised price. I hang up the phone at that moment. Annoying.

tbonesteak · 26 February 2019, 07:25 AM

By my conservative estimate, Rolex is doing something correct.

Calatrava r · 26 February 2019, 07:27 AM

Many times these watches have been sold but they get you into the door to discuss something else.

arcentaur · 26 February 2019, 09:05 AM

^^ Surely you don’t mean to include classic/non-sports watches as those are clearly ubiquitous at ADs. Must be something wrong with Rolex’s six sigma.

watchmaker · 26 February 2019, 09:19 AM

Quote:

Originally Posted by TswaneNguni

... on Chrono24 at ridiculous pricing .

Flippers 1 Collectors 0

Not how it should be .

It could be argued collectors are to blame as much as flippers - there is a symbiotic between the two. When collectors stop paying the premium flippers stop flipping.

beshannon · 26 February 2019, 10:42 PM

Quote:

Originally Posted by watchmaker

It could be argued collectors are to blame as much as flippers - there is a symbiotic between the two. When collectors stop paying the premium flippers stop flipping.

Agreed

tyler1980 · 26 February 2019, 10:46 PM

Quote:

Originally Posted by watchmaker

It could be argued collectors are to blame as much as flippers - there is a symbiotic between the two. When collectors stop paying the premium flippers stop flipping.

not sure i agree because collectors have a different motivation. Also, they were here before this and will be here after this. Its the new entrants to the market who are only chasing profit who are the disrupting force. Thats all that has changed, more flippers.

ZOOK · 27 February 2019, 05:35 AM

Quote:

Originally Posted by watchmaker

It could be argued collectors are to blame as much as flippers - there is a symbiotic between the two. When collectors stop paying the premium flippers stop flipping.

Quote:

Originally Posted by tyler1980

not sure i agree because collectors have a different motivation. Also, they were here before this and will be here after this. Its the new entrants to the market who are only chasing profit who are the disrupting force. Thats all that has changed, more flippers.

not sure I completely agree with this. There are long established WIS taking advantage of their relationships with ADs to obtain a watch and resell at a premium, not just new speculators.

The problem is there are too many of us, buyers. Those that are willing to wait and those that are impatient and willing to pay the premium. Those that have an interest in watches and the fad chasers.

Joearch · 26 February 2019, 01:33 PM

Control your own destiny. I prefer this anyway. I guess this is possible since the 16710 was aquired a few years ago.

26 February 2019, 07:03 AM	#20
SN13 "TRF" Member Join Date: May 2015 Location: Florida Posts: 1,124	(213) - 16618 AVAILABLE for immediate purchase! On Chrono24... (106) - 116600 AVAILABLE for immediate purchase! On Chrono24... (934) - 116610 AVAILABLE for immediate purchase! on Chrono24... I mean if you want, we can keep going... the point is that there will always be used for sale. __________________ IG@Construction_Time --- 1986 DD 18038 --- 1992 YM 16628 --- 2015 116600 SD4K --- SBDX001 MM300 --- 2009 Omega Ploprof White --- 2010 Omega LE LMPO

26 February 2019, 09:05 AM	#25
arcentaur "TRF" Member Join Date: Jun 2017 Location: Nunya Posts: 330	215 BLROs available immediately !!! ^^ Surely you don’t mean to include classic/non-sports watches as those are clearly ubiquitous at ADs. Must be something wrong with Rolex’s six sigma.

26 February 2019, 06:28 AM	#1
TswaneNguni "TRF" Member Join Date: Feb 2008 Real Name: Chris Location: . Watch: Daytonas/Subs/GMTs Posts: 12,609	215 BLROs available immediately !!! ... on Chrono24 at ridiculous pricing . Flippers 1 Collectors 0 Not how it should be .

26 February 2019, 06:35 AM	#2
bp1000 "TRF" Member Join Date: Jul 2014 Location: Midlands, UK Posts: 4,975	215 BLROs available immediately !!! Totally agree I’ve said all along. ADs should be the handover and end experience. You actually place your order with Rolex HQ via their website. All ADs should have iPad connections for list orders. You reserve your place in the queue. Your details and payment are cross checked. You then choose which boutique to organise the pickup. The AD gets credited with the sale. Rolex maintain a list of buyers and choose how to allocate list pieces. ADs are simply taking us all for a ride with their discrimination. Sent from my iPhone using Tapatalk

26 February 2019, 06:42 AM	#3
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	i would bet the number actually available on there is a fraction of that. You buy it and they will find one, its not in hand a lot of the time __________________ Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)

26 February 2019, 07:18 AM	#22
danicasi2002 "TRF" Member Join Date: Mar 2016 Location: Pennsylvania Posts: 826	Agree with tyler1980. Called a couple of sellers at another online marketplace to inquire about a SS sports watch priced at lower premium than most. They replied the item was just sold but they can get me another one. However it will cost me more than the original advertised price. I hang up the phone at that moment. Annoying.

26 February 2019, 07:25 AM	#23
tbonesteak "TRF" Member Join Date: Oct 2015 Location: New York Watch: me go broke! Posts: 1,657	By my conservative estimate, Rolex is doing something correct.

26 February 2019, 07:27 AM	#24
Calatrava r 2024 SubLV41 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 11,420	Many times these watches have been sold but they get you into the door to discuss something else.

26 February 2019, 01:33 PM	#30
Joearch 2024 SubLV41 Pledge Member Join Date: Jul 2013 Real Name: Joe Location: Los Angeles Watch: Daytona + GMT BLNR Posts: 4,852	Control your own destiny. I prefer this anyway. I guess this is possible since the 16710 was aquired a few years ago.

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