Shop Owner Discount?

[M16]

I have a connection that owns jewelry and watch shops.

I'm looking at Audemar Piguets, Rolexs and Breitlings.

I know I can get some sort of discount from this connection, but I don't want to even bring it up if it won't be a deep enough discount to make the watches affordable.

Anybody have any idea what type of discount I could expect if I was getting it at cost or something close to it? Or what would a reasonable discount be to expect?

Thanks

[locutus49]

Since the connection is kinda your friend I would not abuse the relationship. Depending on the model you could ask 30% for a not in demand model, 20% for average models like SS datejusts, and no discount on hot models like Daytonas.

[M16]

Originally Posted by locutus49

Since the connection is kinda your friend I would not abuse the relationship. Depending on the model you could ask 30% for a not in demand model, 20% for average models like SS datejusts, and no discount on hot models like Daytonas.

Not looking to abuse at all.

That's actually why I'm asking. If it's not reasonable to get a discount that would fit the budget, I'm not even going to bring it up.

[teabags001]

Originally Posted by M16

Not looking to abuse at all.



That's actually why I'm asking. If it's not reasonable to get a discount that would fit the budget, I'm not even going to bring it up.

Right. What is your budget? That’s the big question and will lead to better answers. If your budget is $4-5k then forget even mentioning it. If it’s 20k then you may have some ground to walk on.


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[GB-man]

Assuming you are seeking an in demand reference, as most people seem to be, you will be asking your friend for a cash gift. He might not be your friend for long.

No problem on a breitling but on an AP or Rolex he will likely tell you to kick rocks.

AD margins vary from brand to brand but are generally between 38-50%. That isn't an accurate cost though as they have overhead galore.

[M16]

Originally Posted by GB-man

Assuming you are seeking an in demand reference, as most people seem to be, you will be asking your friend for a cash gift. He might not be your friend for long.

No problem on a breitling but on an AP or Rolex he will likely tell you to kick rocks.

AD margins vary from brand to brand but are generally between 38-50%. That isn't an accurate cost though as they have overhead galore.

Well I don't want to be overly rude or anything if it's so looked down upon to ask about something like this.

His father/family owns the business.

But if it's such an inappropriate thing to ask as you're framing it, then I wouldn't even bother.

[Tools]

Originally Posted by M16

Well I don't want to be overly rude or anything if it's so looked down upon to ask about something like this.

His father/family owns the business.

But if it's such an inappropriate thing to ask as you're framing it, then I wouldn't even bother.

We won't know what you do, so nobody here is going to look down on you.

I would say that if you cannot afford a Rolex now, the discount you could get isn't going to suddenly make it affordable, just less expensive.

[JR16]

For an in-demand Rolex or AP, getting it from your friend at msrp is gift enough. I wouldn’t even ask for a discount since that would be equivalent to him/her giving you cash as another poster said.




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[Robtayham]

By your ‘bring it up’ statement, it sounds like he hasn’t made you the offer to buy at a discount.

What business are you in that you can exchange the same monetary value back to him?

Otherwise, you’re just one more guy asking him to hook you up. That’s great when you know the McDonalds fry cook, and you’re getting a large order of fries. But, in this case, show some tact.

[DoxaDavid]

Originally Posted by M16

I have a connection that owns jewelry and watch shops.

I'm looking at Audemar Piguets, Rolexs and Breitlings.

I know I can get some sort of discount from this connection, but I don't want to even bring it up if it won't be a deep enough discount to make the watches affordable.

Anybody have any idea what type of discount I could expect if I was getting it at cost or something close to it? Or what would a reasonable discount be to expect?

Thanks

It really comes down to what "a connection" means and how close it is?

Everyone has their own idea of what is proper etiquette. To me, I think it is up to the seller to offer a discount verses a buyer requesting one if there is a relationship but that also depends on the situation.

Honestly, the closer the connection I have with the seller, the less I am inclined to be the one to ask because I wouldn't want to make either of us uncomfortable. If i don't know the seller, I'm more open to asking.

My .02C

[Collector2019]

which watch you're going to ask for? this should give us an idea if you should expect discount or not.

If i were you, I would not ask for a discount from a friend I will leave it completely at his discretion to give or not.

[watchucallit]

I do not ask for a discount until I am committed to purchase. I believe if you start negotiating before you are serious about a purchase it will dampen any future relationship because they may not take you seriously. If you know what you want -- you need to figure out what you are willing to pay and start to negotiate. If you cannot get close to your target price but show them you are serious -- even if no deal -- can maintain a good relationship in the future. However as others have said don't waste your breath on a discount for a hard to obtain item (e.g. SS Daytona or some AP or Patek models) or expect to get an unrealistic discount. As stated I believe the depending on the brand, the markup can be anywhere from 35% to half of the MSRP. I had heard that dealer profits on APs are on the low side (e.g. 35%) but not sure about the accuracy of the information.

[singaporepatek]

Unless your friend owns AP boutique he’s not getting you an AP.

[Fredrik]

For Rolex, if it is a SS sports watch, don't ask for it, he might give you about 20% if you really know him. If it is a PM Rolex, ask!

[1William]

No deals on hard to get models from any watch company. This, "hook me up", will cost your friend real money as each watch he gets in can be sold for full retail or more. The best you can do is ask about buying a hot model at msrp. Or, you could wait until the market corrects and more inventory is available.