A strange thing happened yesterday

[Fire bloke]

Yesterday I went to a local shopping centre
The grey dealer there had luminous tags showing sale...
They had £1500 off the Batman ..
£1800 off pepsi.. still expensive but lower than they were asking.

Got me looking at chrono 24
pepsi £13200
Batgirl s £12500
Hulks £12000
Batman's £11000

The tides are turning...

The investment pieces are not so hot as the Grey's are becoming saturated. Won't be long before they realise they can't continue selling to each other

Are general buyers realising they can wait and get there dream watch at cost

Are flippers not selling there I'll gotten gains for much profit
Roll on 2020

[Lifeisarolliecoaster]

Demand for certain references remains IMO very high. I will wait patiently for a submariner 114060 that I have requested from my nearest AD. I know some on this forum advocate spreading the net wide by visiting several AD’s but surely that inflates demand artificially. I only want to buy one reference after all.
I would like to see secondary prices reduce without the illusion of a ‘sale’ so the silly notion of flipping for a tidy profit stops.

[Harry-57]

pepsi £13200 -£6050 over MSRP.
Batgirl s £12500 - £5350 over MSRP.
Hulks £12000 - £5050 over MSRP.
Batman's £11000 -N/A

If prices are coming down I'm happy for all of us who buy watches to love them, to admire them, and to actually wear them.

I doubt any of those asking prices will be met but I don't think we're left planet Insane just yet. or are likely to soon.

[BisonHead]

If there was a model i wanted within the current line up, i would wait to get at MSRP.

There will always be buyers who want instant gratification and thats fine.

If required i would rather pay grey price, than bundle tat i didn't want in order to get a desirable model at MSRP. Which isn't really MSRP when you take into account the mark up on the tat they make you buy.

[mountainjogger]

[QUOTE=The investment pieces [/QUOTE]

Investment pieces?

[123Blueface]

Originally Posted by mountainjogger

Investment pieces?

I always snicker when I hear that word associated with watches.

[Ravager135]

Originally Posted by mountainjogger

Investment pieces?

Right... It's an oxymoron in the modern Rolex landscape.

[alphadweller]

Looks like the grey dealers' little oligopoly game with hot pieces (hoarding them and manipulating the market by fixing prices well above retail) is starting to show its first cracks. Is this a new trend or just a correction? I don't know.

[MTBer]

Personally, I’d love to see Grey dealers lose their shirts on these pieces. Means cutting out the unnecessary middleman and getting more inventory directly into the hands of the end user without the exploitative markup.

[Kirk]

Originally Posted by MTBer

Personally, I’d love to see Grey dealers lose their shirts on these pieces. Means cutting out the unnecessary middleman and getting more inventory directly into the hands of the end user without the exploitative markup.

Agreed.

My local pre-owned Rolex dealer had a new Batgirl for $15K USD. I just looked on Chrono24 and found quite a few pieces priced in that range or slightly lower. I was surprised as I thought the new BLNR was going for a lot more than that! Those prices have definitely softened quite a bit since Basel last year.

[beshannon]

Originally Posted by Fire bloke

Yesterday I went to a local shopping centre
The grey dealer there had luminous tags showing sale...
They had £1500 off the Batman ..
£1800 off pepsi.. still expensive but lower than they were asking.

Got me looking at chrono 24
pepsi £13200
Batgirl s £12500
Hulks £12000
Batman's £11000

The tides are turning...

The investment pieces are not so hot as the Grey's are becoming saturated. Won't be long before they realise they can't continue selling to each other

Are general buyers realising they can wait and get there dream watch at cost

Are flippers not selling there I'll gotten gains for much profit
Roll on 2020

Comic books can be quite expensive

[fskywalker]

Good thing!


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[Nikrnic]

I'm sure grey dealers are holding out as long as possible with their supply however the market is driven by the demand of the buyer. Prices are correcting slow and steady now. It's going to be more interesting after the the first of the year. I see some private sellers now going significantly below the greys prices to move their piece such as a '19 Hulk here on TRF for 12k...My AD seems to be in a better mood lately on his overall supply and offered me three nice pieces, (not on display) three days ago on my random visit. Come on 2020!

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[Cloudchaser]

Originally Posted by Nikrnic

I'm sure grey dealers are holding out as long as possible with their supply however the market is driven by the demand of the buyer. Prices are correcting slow and steady now. It's going to be more interesting after the the first of the year. I see some private sellers now going significantly below the greys prices to move their piece such as a '19 Hulk here on TRF for 12k...My AD seems to be in a better mood lately on his overall supply and offered me three nice pieces, (not on display) three days ago on my random visit. Come on 2020!

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...

[Nikrnic]

Originally Posted by Cloudchaser

...

Copy that, geez!! Be careful is right! Should be flagged.

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