GMT II meteorite crazy grey price

[StarryNights]

I just saw the GMT II with meteorite dial appear on DavidSW, crazy price!

[Lemonvr6]

What about the $24,000 BLNR?

[TswaneNguni]

Originally Posted by Lemonvr6

What about the $24,000 BLNR?

I find that one very interesting

[quakeroatmeal]

Wow that price is insane, and it's not on a jubilee!

[Bshaf]

This is sad. I respect David tremendously but come on now! 23k for the blnr?!


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[myusernamez]

Originally Posted by Bshaf

This is sad. I respect David tremendously but come on now! 23k for the blnr?!


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it really depends how much someone made him pay for it .. I hope his exposure is not 21k ;)

[ny_yeti]

Originally Posted by Bshaf

This is sad. I respect David tremendously but come on now! 23k for the blnr?!


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Agreed

[The Libertine]

Originally Posted by Bshaf

This is sad. I respect David tremendously but come on now! 23k for the blnr?!


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Totally agree.

I often get emails (most likely automated) from his DavidSW advising: “We want to buy your watch!” Maybe I’ll write back and quote him twice, or three times the current value.

[RJRJRJ]

Originally Posted by The Libertine

Totally agree.

I often get emails (most likely automated) from his DavidSW advising: “We want to buy your watch!” Maybe I’ll write back and quote him twice, or three times the current value.

And then he'll either buy or won't buy your watch, and somebody will or will not buy his/your watch.

[365DAS]

Originally Posted by StarryNights

I just saw the GMT II with meteorite dial appear on DavidSW, crazy price!

How much was it listed for?


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[Halifax Daytona UK]

Originally Posted by 365das

how much was it listed for?


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$45,000

[quakeroatmeal]

I'm sure this means everyone else online will follow suit the moment they get one too.

This makes me wonder, do they all sit around and discuss pricing?

Like when the black ceramic GMT was discontinued and they ALL removed stock and then posted them at all around the same price.

Shady. This honestly really mars my perception of certain "Amazing Honorable Wonderful Stand Up Trusted Sellers" without mentioning names.

[Keepchasing]

Don't worry guys, we've been told that this is the new norm, remember?

[hbombkid]

Originally Posted by quakeroatmeal

I'm sure this means everyone else online will follow suit the moment they get one too.

This makes me wonder, do they all sit around and discuss pricing?

Like when the black ceramic GMT was discontinued and they ALL removed stock and then posted them at all around the same price.

Shady. This honestly really mars my perception of certain "Amazing Honorable Wonderful Stand Up Trusted Sellers" without mentioning names.

Shady lol what are you smoking haha

It’s called business. People are willing to pay and people are in business to make money. Good for him if he can make a profit. I am no flipper but sold a couple and was happy not to lose money and break even. If someone told me I could make 7-10k profit on a watch sign me up it would never even hit my wrist. There are plenty of other watches I would be happy with.

[brandrea]

Originally Posted by Halifax Daytona UK

$45,000

Not horrible considering it lists for $38500.

[Speedbird-1]

I wonder how the market would go if Rolex doubled their asking prices on the hot watches?

Surely they must be wondering how they can grab some of the grey loot sloshing around.

I realise they (Geneva) don't look as if they need the dough, but it must be galling for them to see the blatant, uncontrolled profiteering on their hard earned reputation.
Shouldn't Rolex be thinking, "people want to pay silly money for our product, so let them pay US the silly money?"
.....or would it just drive prices even further into the stratosphere?

[Keepchasing]

Originally Posted by Lt Virgil Hilts

I wonder how the market would go if Rolex doubled their asking prices on the hot watches?

Surely they must be wondering how they can grab some of the grey loot sloshing around.

I realise they (Geneva) don't look as if they need the dough, but it must be galling for them to see the blatant, uncontrolled profiteering on their hard earned reputation.
Shouldn't Rolex be thinking, "people want to pay silly money for our product, so let them pay US the silly money?"
.....or would it just drive prices even further into the stratosphere?

I'm not sure they care all that much about the missed profits from the grays. I think they like things just as they are. MHO

I instinctively see what you mean, though.

[dtwer]

Originally Posted by Lt Virgil Hilts

I wonder how the market would go if Rolex doubled their asking prices on the hot watches?

Surely they must be wondering how they can grab some of the grey loot sloshing around.

I realise they (Geneva) don't look as if they need the dough, but it must be galling for them to see the blatant, uncontrolled profiteering on their hard earned reputation.
Shouldn't Rolex be thinking, "people want to pay silly money for our product, so let them pay US the silly money?"
.....or would it just drive prices even further into the stratosphere?

I am willing to bet a premium brand giant like Rolex cares far more about long term sustainability than windfall profits.

If I were flipping watches for a living, my strategy would be exactly the same as these greys: extract as much short-term windfall profits as possible while the going gets good. As to how the brand fares in the long term? Not my problem. Should the day come that Rolex is no longer profitable to flip, I would just go flip something else that's hot.

[enjoythemusic]

Originally Posted by brandrea

Not horrible considering it lists for $38500.

That's $42,000 including FL tax @ 7% from worthless local AD who will put you on a forever waiting list .Thus $45k is a mere 3k over msrp.

Questions?

Imagine the price in NYC with city/state tax, and so DavidSW price is a GREAT deal... whiners!

DavidSW FTW

[Rrpdc]

Originally Posted by 365DAS

How much was it listed for?


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45k

[Mystro]

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

[Rockrolex]

Originally Posted by Mystro

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

Ditto. I'm now into Tudor, which can be had for much less than Rolex branded watches.

[LndLord]

Originally Posted by Mystro

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

Dont let this bother you. Because at the end of the day if nobody buys it the price will come down. It's the people you're upset with

[Boaters]

Originally Posted by Mystro

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

You and me both ... Touche

[G.D.BeanCounter]

Originally Posted by Mystro

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

Add me to the list. I recently bought my first non-Rolex watch in 10 years and 12 different models. An Omega Planet Ocean, no less. I never would have thought....

[Greenwich Mean Time]

Demand is nuts and so are prices but that's chump change to some buyers.

[VacherObsessive]

If people are paying $90,000 for a SS sports Patek (RRP something like $28,000 ?). Then the price for grey Rolex SS is pretty good going !

[Rodrigo082]

Originally Posted by VacherObsessive

If people are paying $90,000 for a SS sports Patek (RRP something like $28,000 ?). Then the price for grey Rolex SS is pretty good going !

Come on, are you been serious? Comparing a Patek with Rolex?
Rolex is mass produced- Paket is not

[VacherObsessive]

Originally Posted by Rodrigo082

Come on, are you been serious? Comparing a Patek with Rolex?
Rolex is mass produced- Paket is not

I don’t get your point. The Patek is more than 3x MSRP, whereas the Rolex is only sitting at 2.1x MSRP; that’s my point. Not the quality of the movement...

[stylinleems]

No one noticed the WG YM he had posted a couple days ago is now sold (I forget the asking price) but it is no longer on the site.

It's a business - supply and demand. He always obtains the rare/new releases and can ask whatever price he wants; does not mean it sold for asking but both sides original buyer and re-seller profit. If there are people willing to pay these outrageous premiums, than his asking or selling prices are working.

Recall last year when he had his hands on the SS BLRO - sold for $23k and someone purchased it (a TRF member).

I definitely won't pay grey prices but some people will and the cycle will continue year after year.

Yes, I do no agree with it but it is what it is. To have bragging rights for wearing the new 2019 release and not waiting for months/years - is important to some. Just my opinion.