Margin for a grey dealer on specific SS pieces

[sallyhats]

2018/2019 has been a bust for walk-ins looking to pick up a SS watch and I don’t see much of it changing for the first half of the year. We have discussed this until we are blue in the face, but why are certain pieces such as the 116610LN not readily available for purchase, the grey market is only a couple of dollars above MSRP, heck you can even get a mint condition used for less than MSRP right now. Why would greys gobble up watches that barely have any margin. We can all admit that it’s not regular Joes purchasing all these SS pieces but why is the black sub so hard to get but the Yacht-Master sits in windows.

[kieselguhr]

Black Submariner isn’t particularly hard to get. Just have to find an AD that wants your business

[Bigblu10]

Originally Posted by kieselguhr

black submariner isn’t particularly hard to get. Just have to find an ad that wants your business

x2. Tends to be more profiteering on the Hulk.

[sallyhats]

Originally Posted by Bigblu10

x2. Tends to be more profiteering on the Hulk.

Yeah I get it, the Hulk sells for roughly 13k, decent margin from $9,700, and that’s if the AD isn’t up charging to greys. But the black has almost 0 margin, why not leave it in the case for anyone to come through the door and purchase instead of playing games with customers.

[mattedialdoc]

Originally Posted by sallyhats

.... why is the black sub so hard to get but the Yacht-Master sits in windows.

Because the YM is a dog?




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[ilovethiscity]

Originally Posted by mattedialdoc

Because the YM is a dog?




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I’ll bet you have never even tried one on! I bought two Hulks in the first few years they came out and all the little keyboard warriors like you said they were cheap and crap looking. Now I bet because the whole forum loves them you’d sell a kidney for one.. sheepish

[Chewbacca]

Originally Posted by mattedialdoc

Because the YM is a dog?




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Originally Posted by ilovethiscity

I’ll bet you have never even tried one on! I bought two Hulks in the first few years they came out and all the little keyboard warriors like you said they were cheap and crap looking. Now I bet because the whole forum loves them you’d sell a kidney for one.. sheepish

I think you missed the joke.

Google ‘how much is that doggie in the window....’

[mattedialdoc]

Originally Posted by Chewbacca

I think you missed the joke.



Google ‘how much is that doggie in the window....’

Chewie,
You are a gentleman and a scholar!!


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[ilovethiscity]

Originally Posted by Likestheshiny

What a remarkably bitter response.

The YM isn't especially popular. That's just a fact.

You know what I totally agree I’m sorry it must be time of the month.. I’m sorry everyone back in my box I go I didn’t mean to sound like an ass and I’m sure I did, sorry again

Originally Posted by Chewbacca

I think you missed the joke.

Google ‘how much is that doggie in the window....’

I know it was an awful response, apologies all!

[Chewbacca]

Originally Posted by mattedialdoc

Chewie,
You are a gentleman and a scholar!!


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Hey! Watch the insults!

Originally Posted by ilovethiscity

You know what I totally agree I’m sorry it must be time of the month.. I’m sorry everyone back in my box I go I didn’t mean to sound like an ass and I’m sure I did, sorry again



I know it was an awful response, apologies all!

Just don't act like Korey with a 'K'. He's the real ass on this thread.

[Seibei]

To each his own. There are many watches I don't particularly like but I don't make a song and dance about it.

[Likestheshiny]

I’ll bet you have never even tried one on! I bought two Hulks in the first few years they came out and all the little keyboard warriors like you said they were cheap and crap looking. Now I bet because the whole forum loves them you’d sell a kidney for one.. sheepish

What a remarkably bitter response.

The YM isn't especially popular. That's just a fact.

[mattedialdoc]

Originally Posted by Likestheshiny

What a remarkably bitter response.

The YM isn't especially popular. That's just a fact.

He’s British...I’ll give him a pass. But super amusing how quick some dudes are to resort to personal attacks when someone on the internet doesn’t like their watch.
But it’s ok!!


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[ilovethiscity]

Originally Posted by mattedialdoc

He’s British...I’ll give him a pass. But super amusing how quick some dudes are to resort to personal attacks when someone on the internet doesn’t like their watch.
But it’s ok!!


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Pass graciously appreciated. I’m really sorry Sir, had a bad day.. my bad entirely!!

[huncho]

i would assume greys get subs for a good amount under retail...

[sallyhats]

Originally Posted by huncho

i would assume greys get subs for a good amount under retail...

You think ADs are selling to greys below MSRP?

[huncho]

Originally Posted by sallyhats

You think ADs are selling to greys below MSRP?

yes of course. they always have

[Mystro]

Originally Posted by huncho

yes of course. they always have

No they don’t. In many cases the grey dealers are paying above msrp. It’s a wash on what the grey dealer has to absorb to get the more popular models. In other words, the grey dealers have to also take less popular stock from the AD to get the hot models. I have traded a newer/hot model in to a trusted seller and I got top dollar and when he listed it, it showed his margins are razor thin.

[sallyhats]

Originally Posted by Mystro

No they don’t. In many cases the grey dealers are paying above msrp. It’s a wash on what the grey dealer has to absorb to get the more popular models. In other words, the grey dealers have to also take less popular stock from the AD to get the hot models.

I tend to agree with this. I think everything they purchase is sold at MSRP, if AD has to sell below MSRP than why wouldn’t they just sell to the public. The demand is there.

[huncho]

Originally Posted by Mystro

No they don’t. In many cases the grey dealers are paying above msrp. It’s a wash on what the grey dealer has to absorb to get the more popular models. In other words, the grey dealers have to also take less popular stock from the AD to get the hot models.

yeah i get that but i was just referring specifically to a regular sub, outside of what they're buying to get the popular models

[bezler]

Originally Posted by huncho

yes of course. they always have

Not a chance.

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[huncho]

Originally Posted by bezler

Not a chance.

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not sure what you mean here. how do you think they made money on steel models back when they were cheaper at a grey dealer than ADs? lol

obviously depends on the model though

[Andad]

Originally Posted by huncho

i would assume greys get subs for a good amount under retail...

Originally Posted by sallyhats

You think ADs are selling to greys below MSRP?

Originally Posted by huncho

yes of course. they always have

Why would an AD sell any sought after sports watch to a grey for a good amount under retail?

At retail with a bundle of slow sellers perhaps?

[MSchu]

I frankly don't see Grey's getting volume price breaks i n this economy

[sallyhats]

Why would an AD sell under MSRP to a grey when they can sell to the public at MSRP.

[csaltphoto]

Originally Posted by sallyhats

Why would an AD sell under MSRP to a grey when they can sell to the public at MSRP.

Because they can a lot of watches to a grey at once. Bundle if you will. That's why you can usually find some harder to move watches at much less than MSRP at greys as well. Really it's just the market adjusting to conditions.

[Ryann24]

Originally Posted by sallyhats

Why would an AD sell under MSRP to a grey when they can sell to the public at MSRP.

I'm assuming because they will bundle several pieces together, and the others are ones that's dont move well in stores.

[sallyhats]

Originally Posted by Ryann24

I'm assuming because they will bundle several pieces together, and the others are ones that's dont move well in stores.

I think the AD has all the power, there are a ton of grey dealers out there and the AD gets to decide who they sell too. If one grey dealer says I won’t pay msrp on a DJ but I’ll take 10 but another says I’ll take 7 at msrp you better believe I’m selling 7 at msrp. I’ll move the other 3 sooner or later.

[Zakalwe]

Originally Posted by huncho

yes of course. they always have

Interesting. I assume that this means AD’s are shifting unpopular, hard-to-shift stock along with some more desirable stuff? Otherwise it wouldn’t make any sense.

I’m pretty sure that if this happens on this side of the pond, it is much, much less common than over there. Which explains why this reference is being listed for up to 80% over MSRP and therefore really can be flipped for profit by average punters.

[Rodericky]

For the people who didn't know it:

Ofcourse greys get all the watches under msrp duhhh, except for the really hot pieces (blro/daytona etc)
An AD needs to have a minimum volume to be an AD ( like you can't be an AD if you sell 50 watches a year).
This is why AD's sell to grey dealers!! Buy selling to the greys, the AD's meet the required volumes.
The greys buy the "slow selling" pieces (way under msrp/ at purchase price) and also want to buy some hot pieces in return (little below msrp/at msrp/little bit over msrp), so they can sell the "slow selling" pieces with a discount under msrp (so they still have a good margin) and the hot pieces for way above the msrp, so they get the massive margins like we see now