Lots of high demand sports watches not being bought

[eugenetsang]

I'm curious to see if your region is doing the same as mine. I'm in NYC and I see a lot of jewelery stores (non AD) selling high demand Rolex sport models. Some are used and other are new.

Some have been sitting on their display window for a few years now. None being sold. My friend recently moved to Krakow Poland... Same case with the stores over there.

Rather than waiting 3+ years for a high demand watch from the AD, why aren't ppl flocking to these markets to buy the watch of their dreams?

What's your thoughts?

[norcalgt3]

Price and authenticity issues potentially

[vh2k]

Originally Posted by norcalgt3

Price and authenticity issues potentially

Agreed. Price, authenticity, condition (old), and retailer reputation/trustworthiness.

[eugenetsang]

Originally Posted by norcalgt3

Price and authenticity issues potentially

Authenticity, they are all legit as far as I know. The jeweler that I see them at has a high reputation and wouldn't jeopardize their reputation associated with shady business.

As for the price, it's not much higher then the ones you see on the secondary market...

Same can be said about the stock in Poland. I just find it odd that no one is gobbling up the stock that's not being sold...

[norcalgt3]

Originally Posted by eugenetsang

Authenticity, they are all legit as far as I know. The jeweler that I see them at has a high reputation and wouldn't jeopardize their reputation associated with shady business.

As for the price, it's not much higher then the ones you see on the secondary market...

Same can be said about the stock in Poland. I just find it odd that no one is gobbling up the stock that's not being sold...

Being close to secondary market when there is a ton of competition online doesn't make it enticing. Secondary pricing is high already.

[bob sims]

Originally Posted by eugenetsang

As for the price, it's not much higher then the ones you see on the secondary market...

MUCH being the operative word in that sentence and likely the answer to your query.

[CarlOver]

Originally Posted by eugenetsang

Authenticity, they are all legit as far as I know. The jeweler that I see them at has a high reputation and wouldn't jeopardize their reputation associated with shady business.

As for the price, it's not much higher then the ones you see on the secondary market...

Same can be said about the stock in Poland. I just find it odd that no one is gobbling up the stock that's not being sold...

So prices are higher than the already overpriced secondary? And you are wondering why they are sitting?

[HideMyWalletPlease]

I suspect that a few years ago when these watches were slightly less than msrp, people just thought “I would rather pay a little more at the AD”. Now that these watches are way above msrp, people want to try and get lucky at the AD.

[928ktgold]

Originally Posted by HideMyWalletPlease

I suspect that a few years ago when these watches were slightly less than msrp, people just thought “I would rather pay a little more at the AD”. Now that these watches are way above msrp, people want to try and get lucky at the AD.

Yup that’s what I’m doing waiting on a 116519 OF WG from my dealer

[fmc000]

Originally Posted by HideMyWalletPlease

I suspect that a few years ago when these watches were slightly less than msrp, people just thought “I would rather pay a little more at the AD”. Now that these watches are way above msrp, people want to try and get lucky at the AD.

100% agreed.

[dannyp]

How do you know they’re “the same” as opposed to just replenishments from other flipper (assuming current models)?

[eugenetsang]

Originally Posted by dannyp

How do you know they’re “the same” as opposed to just replenishments from other flipper (assuming current models)?

That's because they show the same 3 hulk's and etc... Unless their business model is to keep X amount of models out on display, then sure... I can see them replenishing their showcase with precisely with the same amount of stock all the time.

But that doesn't seem to be the case. How often do you see hulks in the wild? Especially the same amount every time I pass by...

I'd assume at least 1 would be sold at the end of 3 months on display.

[brandrea]

Maybe they aren’t the same watches you’re seeing

[MrGoat]

Originally Posted by brandrea

Maybe they aren’t the same watches you’re seeing

This!! I visited my grey dealer not to long ago and saw an almost identical 16613LB with Swiss only dial. Those watches can’t be that common. However the exact picture they have on their website is the picture of my watch. Not the one that’s actually for sale.


Sent from my iPhone using Tapatalk

[drrd]

Originally Posted by eugenetsang

I'm curious to see if your region is doing the same as mine. I'm in NYC and I see a lot of jewelery stores (non AD) selling high demand Rolex sport models. Some are used and other are new.

Some have been sitting on their display window for a few years now. None being sold. My friend recently moved to Krakow Poland... Same case with the stores over there.

Rather than waiting 3+ years for a high demand watch from the AD, why aren't ppl flocking to these markets to buy the watch of their dreams?

What's your thoughts?

Just sounds a bit vague to really comment on.

Any specific pieces? Age/condition/price? Pictures?

[eugenetsang]

Originally Posted by drrd

Just sounds a bit vague to really comment on.

Any specific pieces? Age/condition/price? Pictures?

I took a video to show my friend who moved to Poland. He was supposed to go check them out when he came back to visit. So as I was passing by the store, I shot a quick video of the same inventory that the store had from his last visit.

They have hulks, ceramic Panda Daytona, air king... Tiffany blue OP... Strangely enough, the store has a lot of different models.

Seems like more than the ones we saw at the new Rolex/Tudor store in Meatpacking.

I would screenshot the video. But that means I will need to host the pics on another site... I don't want to sign up for it..

[drrd]

Originally Posted by eugenetsang

I took a video to show my friend who moved to Poland. He was supposed to go check them out when he came back to visit. So as I was passing by the store, I shot a quick video of the same inventory that the store had from his last visit.

They have hulks, ceramic Panda Daytona, air king... Tiffany blue OP... Strangely enough, the store has a lot of different models.

Seems like more than the ones we saw at the new Rolex/Tudor store in Meatpacking.

I would screenshot the video. But that means I will need to host the pics on another site... I don't want to sign up for it..

If it's an established dealer selling as-new in-demand models then can only be the price that stops the pieces selling.

I had an interesting stroll round Maastricht a couple of years ago. Even back then the ADs had only a few pieces and all very 'normal'. One AD had a grey right next door and their window was packed, seemingly with one of pretty much everything and all at a big premium.

[Wahlberg]

Originally Posted by eugenetsang

I would screenshot the video. But that means I will need to host the pics on another site... I don't want to sign up for it..

You don't need to sign up for anything. Just upload it to imgur.com and post it here.

[Watcheroo]

Originally Posted by eugenetsang

I took a video to show my friend who moved to Poland. He was supposed to go check them out when he came back to visit. So as I was passing by the store, I shot a quick video of the same inventory that the store had from his last visit.

They have hulks, ceramic Panda Daytona, air king... Tiffany blue OP... Strangely enough, the store has a lot of different models.

Seems like more than the ones we saw at the new Rolex/Tudor store in Meatpacking.

I would screenshot the video. But that means I will need to host the pics on another site... I don't want to sign up for it..

You can use Tapatalk. Easy to upload pics.


Sent from my iPhone using Tapatalk

[ArtNouveau]

The prices at the reseller dealers are outrageous, that’s why they sit there. Someone must be paying reseller prices but not me.
I only buy/have watches I wear, if I can’t get it from my AD I don’t get it.

[eugenetsang]

Originally Posted by ArtNouveau

The prices at the reseller dealers are outrageous, that’s why they sit there. Someone must be paying reseller prices but not me.
I only buy/have watches I wear, if I can’t get it from my AD I don’t get it.

I'm on the same boat as you. Also buy if the price is right.

I figured the price would be higher. But someone with deep pockets would pay for them. Heck, dsw was listing batman's for $18k+ and ppl were still buying them.

That would be the same with the ones I see at the store.

[fskywalker]

Originally Posted by ArtNouveau

The prices at the reseller dealers are outrageous, that’s why they sit there. Someone must be paying reseller prices but not me.
I only buy/have watches I wear, if I can’t get it from my AD I don’t get it.

[Mike I]

Ditto.

[amphr1]

I wonder what the price negotiation is like at these gray stores. I mean if the watch isn't moving sales at the price they're asking for, wouldn't it make more sense to lower it? My guess is that it's also probably available to buy/bid on Chron24 at the same time.

[sportsfan0704]

People are buying these watches. Just not people on this forum. If you know someone who is a jeweler in the diamond district and trust them, there’s no reason to not shop there if you’re local in nyc. However with so many trusted options available here on the forums and elsewhere, this subset of the population isn’t buying those watches. The average person doesn’t even know that only Rolex AD is authorized to sell Rolex if I had to guess.

[Xerxes77]

I think they sell very good….. because if the watch don’t move the grey market don’t move too….

[sunnyd]

I'm not flocking to a grey market dealer to pay 50%+ over MSRP to buy the watch of my dreams...

[Kelvin Knight]

I am convinced greys are just trading amongst themselves at this point, inflating prices as they go to make their margins. They aren’t satiating swarms of hopeless buyers in this market. They’re still the same greedy jewelers who used to shiest everyone for their Rolexes pre-2017. Always remember that.

[sportsfan0704]

Originally Posted by Kelvin Knight

I am convinced greys are just trading amongst themselves at this point, inflating prices as they go to make their margins. They aren’t satiating swarms of hopeless buyers in this market. They’re still the same greedy jewelers who used to shiest everyone for their Rolexes pre-2017. Always remember that.

I think this is largely the case. Think about how many grey sellers advertise that they can get you almost anything you want in 24-48 hours even if they personally don’t have it in their possession the second you pay.

[bob sims]

Originally Posted by Kelvin Knight

I am convinced greys are just trading amongst themselves at this point, inflating prices as they go to make their margins. They aren’t satiating swarms of hopeless buyers in this market. They’re still the same greedy jewelers who used to shiest everyone for their Rolexes pre-2017. Always remember that.

Wishful thinking. There are simply a ton of people with a ton more money than most of us have and spending an extra 10 or 20 grand on a watch they want is of no more consequence than water off a duck's back.
I envy the life expectancy of the I WILL NEVER PAY OVER MSRP crowd on this blog-they are obviously going to live hundreds of years longer than the rest of us. I am far from rich but I paid 8k over retail for one watch in April and am preparing to buy another for 5k over retail next quarter. I still get a printed newspaper and I see far too many people my age and younger, even far younger, on the OB page every day of the week.