Low Balling....

[pepemaui]

Gotta say, I am NOT unhappy.....Im slightly tickled to read that when watches were being offered at 500% (John Mayer), $200k, and some offered $150k (Not Me) they were called "LOWBALLERS" for their 350% offer.....

Still amazes me to see post "reasonable offers considered" and "No Low Ballers" when the asking price was 2-5 times MSRP.....Interesting how they thought they were the judge and jury of the asking and offer price...

I personally would start offering retail or below on any watch people are interested in obtaining....There is a plethora of inventory waiting....If they say ^*$#+@ you, so what....

[HMHM]

Honestly, that is their right though. We can only vote with our wallets.
Personally, buying from grey is something I won't recommend, especially for models still in production. However, how people spend their money is their choice after all.
This is just a demonstration of capitalism.

[brandrea]

The market dictates what a reasonable offer is, so I don’t think lowballing will get anyone too far.

[pepemaui]

Originally Posted by brandrea

The market dictates what a reasonable offer is, so I don’t think lowballing will get anyone too far.

Agree in part....The Market dictates.....

But, "the market" is the people's offer in part....

[Calatrava r]

Originally Posted by pepemaui

Agree in part....The Market dictates.....

But, "the market" is the people's offer in part....

Correct, what people are willing to pay determines the market price in the secondary markets. That is in effect the MSRP for that market.

[padi56]

Originally Posted by pepemaui

Gotta say, I am NOT unhappy.....Im slightly tickled to read that when watches were being offered at 500% (John Mayer), $200k, and some offered $150k (Not Me) they were called "LOWBALLERS" for their 350% offer.....

Still amazes me to see post "reasonable offers considered" and "No Low Ballers" when the asking price was 2-5 times MSRP.....Interesting how they thought they were the judge and jury of the asking and offer price...

I personally would start offering retail or below on any watch people are interested in obtaining....There is a plethora of inventory waiting....If they say ^*$#+@ you, so what....

Well today Rolex are no longer watches now little more that £££$$$$€€€€ object things and little more and sold to the highest bidder.

[zengineer]

Originally Posted by padi56

Well today Rolex are no longer watches now little more that £££$$$$€€€€ object things and little more and sold to the highest bidder.

You really need some new material.

[Hollie_Rollie]

Originally Posted by zengineer

You really need some new material.

Getting his post count up


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[WilsdorfNDavis]

Originally Posted by Hollie_Rollie

Getting his post count up

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Yeah because it's comically low...

[Hollie_Rollie]

Originally Posted by WilsdorfNDavis

Yeah because it's comically low...

Being facetious


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[padi56]

Originally Posted by zengineer

You really need some new material.

Why because it's true is it not.

[zengineer]

Originally Posted by padi56

Why because it's true is it not.

Of course it is, but posting it twice in the same thread just because someone mentioned that Rolex watches are expensive?

The opening sentence in the OP is complete gibberish...we don't even know what his gripe is.

[Mystro]

Msrp means nothing with Rolex now. The market is what it is and decides the price point. That train left the station years ago so the seller is saying, know the market value when making a offer and don’t waist my time with a offer significantly lower of the market value. The “market” is not what low ball offer people might try to make but rather what the watch actually sells for. Think real estate and comp prices of similar products in similar locations.

[Cambo]

I’ve noticed that dealers up here are no longer putting prices next to their watches, but rather saying “call for information”

[Mystro]

Originally Posted by Cambo

I’ve noticed that dealers up here are no longer putting prices next to their watches, but rather saying “call for information”

The genie is out of the bottle with AD’s by using Rolex as a carat to sell other jewelry. It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
It’s a hard pill to accept for some and Rolex might not ever fit into their comfort zone of purchasing but fortunately there are many other brands with full display cases that can be purchased on the spot, even with a discount that will fit into their buying criteria.

[smg8]

Originally Posted by Mystro

It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
.

Why?

You could get discounts on PM Rolexes and walk in to buy watches for decades.

It then changed due to a global pandemic and the knock on effects (too much liquidity in markets, limited options for discretionary spend, free money being given away, supply chain shortages).

So why would it not go back to before as those various factors unwind? Why would you think the decades that preceded the past couple of years are a blip and the last couple of years is a new normal, rather than the last couple of years being a blip?

[Mystro]

[QUOTE=smg8;12206423]Why?

You could get discounts on PM Rolexes and walk in to buy watches for decades.

It then changed due to a global pandemic and the knock on effects (too much liquidity in markets, limited options for discretionary spend, free money being given away, supply chain shortages).

So why would it not go back to before as those various factors unwind? Why would you think the decades that preceded the past couple of years are a blip and the last couple of years is a new normal, rather than the last couple of years being a blip?[/QUOTE]


The lack of Rolex SS models in a AD was years before the Covid lock downs and decades when considering the SS Daytona. The forum was filled with pages as soon as Covid first hit declaring the world was going to end for Rolex and the bubble was going to burst.

It’s a different Rolex brand now in the way it is perceived by the general public and the way AD’s have now used it as a tool to sell other products. Some like to demonize the grey market but it is the AD’s that are the first to handle a Rolex watch directly from Rolex and it’s the AD’s that will never put them in a display case again for open sales. There is too much leverage and power now utilized by the AD to ever let that go. Rolex approves and even continues to thin out their franchise funneling even more customers to less dealers. Rolex also is helping the AD with their tactics by giving them “display models”. We are so far away from Rolex 15 years ago it isn’t possible to return to those days.

[mountainjogger]

Originally Posted by smg8

Why?

You could get discounts on PM Rolexes and walk in to buy watches for decades.

It then changed due to a global pandemic and the knock on effects (too much liquidity in markets, limited options for discretionary spend, free money being given away, supply chain shortages).

So why would it not go back to before as those various factors unwind? Why would you think the decades that preceded the past couple of years are a blip and the last couple of years is a new normal, rather than the last couple of years being a blip?

AD availability issues started before the pandemic.

[pepemaui]

Originally Posted by smg8

Why?

You could get discounts on PM Rolexes and walk in to buy watches for decades.

It then changed due to a global pandemic and the knock on effects (too much liquidity in markets, limited options for discretionary spend, free money being given away, supply chain shortages).

So why would it not go back to before as those various factors unwind? Why would you think the decades that preceded the past couple of years are a blip and the last couple of years is a new normal, rather than the last couple of years being a blip?

Some have not been around,........

They will see, when markets tighten......Just like they saw when markets are "loose".... Many of us have seen both several times over the years....This is not special, we just had a 8-9 year bull run.....

When mortgage rates are back at 8, car lots full with "discount signs", everything for sale as people "hold $"... Its not a guess. it happens cyclically...IMHO.

Law of averages......

[mwc5k]

Originally Posted by smg8

Why?

You could get discounts on PM Rolexes and walk in to buy watches for decades.

It then changed due to a global pandemic and the knock on effects (too much liquidity in markets, limited options for discretionary spend, free money being given away, supply chain shortages).

So why would it not go back to before as those various factors unwind? Why would you think the decades that preceded the past couple of years are a blip and the last couple of years is a new normal, rather than the last couple of years being a blip?

There’s a lot of recency bias in the forum.

[Reikolexguy]

Originally Posted by Mystro

The genie is out of the bottle with AD’s by using Rolex as a carat to sell other jewelry. It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
It’s a hard pill to accept for some and Rolex might not ever fit into their comfort zone of purchasing but fortunately there are many other brands with full display cases that can be purchased on the spot, even with a discount that will fit into their buying criteria.

I second that.

For customers to come begging for your product is a dream come true for any business.

There is an overriding financial incentive to maintain the current status quo where the supplier gets to pick its customer entirely at its own discretion, safe in the knowledge that there’s a whole line of eager customers who are more than happy to give you their money.

Even if Rolex were to ramp up production to the point where supply catches up to demand, the ADs and flippers will continue to engage in all manner of marketing & sales kabuki in order to keep this gravy train going.

Only a catastrophic drop in consumer demand for Rolex is going to change the current landscape. And I doubt it’ll happen anytime soon, if ever.


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[pepemaui]

Originally Posted by Reikolexguy

I second that.

For customers to come begging for your product is a dream come true for any business.

There is an overriding financial incentive to maintain the current status quo where the supplier gets to pick its customer entirely at its own discretion, safe in the knowledge that there’s a whole line of eager customers who are more than happy to give you their money.

Even if Rolex were to ramp up production to the point where supply catches up to demand, the ADs and flippers will continue to engage in all manner of marketing & sales kabuki in order to keep this gravy train going.

Only a catastrophic drop in consumer demand for Rolex is going to change the current landscape. And I doubt it’ll happen anytime soon, if ever.


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Makes sense...sort of.....

How does closing dozens of AD's play into that?

[taitun4life]

Originally Posted by Reikolexguy

I second that.

For customers to come begging for your product is a dream come true for any business.

There is an overriding financial incentive to maintain the current status quo where the supplier gets to pick its customer entirely at its own discretion, safe in the knowledge that there’s a whole line of eager customers who are more than happy to give you their money.

Even if Rolex were to ramp up production to the point where supply catches up to demand, the ADs and flippers will continue to engage in all manner of marketing & sales kabuki in order to keep this gravy train going.

Only a catastrophic drop in consumer demand for Rolex is going to change the current landscape. And I doubt it’ll happen anytime soon, if ever.


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If the trend continues the demand drop will happen. Definitely not spontaneously but gradually and by the time the brand realizes it, it’s always too late. I can think of some brand in the IT/Communications sector.

Simple law of physics and business; “for every action, there is an equal and opposite reaction”

If Rolex continues with this trend like Hermes et al… they won’t be here in another 50yrs. 💯

[Wahlberg]

Originally Posted by Mystro

The genie is out of the bottle with AD’s by using Rolex as a carat to sell other jewelry. It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
It’s a hard pill to accept for some and Rolex might not ever fit into their comfort zone of purchasing but fortunately there are many other brands with full display cases that can be purchased on the spot, even with a discount that will fit into their buying criteria.

Since you know it all, can you give me the correct numbers for the national lottery as well?

Much appreciated.

[Mystro]

Originally Posted by Wahlberg

Since you know it all, can you give me the correct numbers for the national lottery as well?

Much appreciated.

You don’t want to get more wealthy that way and besides a lottery is tax on stupidity.

[Fleetlord]

Originally Posted by Mystro

The genie is out of the bottle with AD’s by using Rolex as a carat to sell other jewelry. It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
It’s a hard pill to accept for some and Rolex might not ever fit into their comfort zone of purchasing but fortunately there are many other brands with full display cases that can be purchased on the spot, even with a discount that will fit into their buying criteria.

I agree with this. Barring complete and total ecomomic collapse on all fronts, then it's not going back to 2015.

I also agree with the other brand option. There are so many brands with complete availability of their line that I can't write them all..just obtain one of those....unless the perceived unavailability of Rolex is really driving their desire for one?

[AbeFroman]

Originally Posted by Cambo

I’ve noticed that dealers up here are no longer putting prices next to their watches, but rather saying “call for information”

And they’re advertising “in stock now!”.

[mobster600]

Good luck to anyone who trying selling their HOTTEST's models. Dealers have been low balling people due to over inventory. People are slowing down their purchasing. Dealers can't move enough inventory to keep up with the incoming selling volume. Dealers might need to start dropping prices to make way for new incoming inventory. I think the next 6-12 months will see deeper cracks. Hopefully at the same time we'll see ADs start building inventory.

[chippie]

I think the "Market" is in turmoil at the moment,
Nobody knows for sure where prices will stabilise ,so any offer of MSRP should be an offer for consideration for any current model.
Like the OP said" NO" maybe the answer a lot of the time but someone might need their money out .
If greys are not buying someone has to !!

[G23Guy]

I walked in to my AD in 2019 and bought a Sub sitting in the case. There was no Daytona there but my SA was willing to order me any watch they didn't have in stock with an at most, 8 week or less wait.