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Old 25 January 2024, 11:59 PM   #271
Dave O
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Originally Posted by kopi-c View Post
Well the demand could be artificial right? Look how many watch dealers, the secondary market are keeping inventory tight & charging high premium, thus out of the reach of collectors or first time Rolex buyers getting from the AD.

So many Rolex watches are out there, huge supply but I am boycotting the flippers.
First off, I don't like the flippers either. I would rather these watches being sold to enthusiasts instead of the flippers. However, on Chrono24, probably one of the largest resale location for watches, there are a little over 37,000 new Rolex watches for sale. Seems like a lot, but one needs to remember that Rolex sells over a million watches a year. So the number of new Rolex watches on Chrono only accounts for 3.7% of Rolex watches sold. Let's throw in another 1.3% from other grey market dealers and that's just 5% of the total Rolex sales. So ~95% of the people out there are still getting their watches from an AD. So in the overall scheme of things, it's a relatively small percentage. And as others have said, a product of supply and demand.
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Old 26 January 2024, 12:43 AM   #272
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dump me? Well I'll dump you first!
Yeah, rolex actually said it’s not you it’s me… but something tells me it’s me
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Old 26 January 2024, 01:33 AM   #273
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Seeing the original post on this thread, and how much time has elapsed, I really want to ask the OP, "how's that boycott working out for you?"

People take this crap too seriously. And they also take themselves too seriously, but that's another thread... :)
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Old 26 January 2024, 01:37 AM   #274
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Quote:
Originally Posted by Dave O View Post
First off, I don't like the flippers either. I would rather these watches being sold to enthusiasts instead of the flippers. However, on Chrono24, probably one of the largest resale location for watches, there are a little over 37,000 new Rolex watches for sale. Seems like a lot, but one needs to remember that Rolex sells over a million watches a year. So the number of new Rolex watches on Chrono only accounts for 3.7% of Rolex watches sold. Let's throw in another 1.3% from other grey market dealers and that's just 5% of the total Rolex sales. So ~95% of the people out there are still getting their watches from an AD. So in the overall scheme of things, it's a relatively small percentage. And as others have said, a product of supply and demand.

Your math is correct. I don’t think how you got to those numbers is correct though.


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Old 26 January 2024, 01:51 AM   #275
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Over 16000 views … maybe this will catch on
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Old 26 January 2024, 03:03 AM   #276
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How's the boycott going?
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Old 26 January 2024, 03:07 AM   #277
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Your post describes you.
That doesn’t even make sense
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Old 26 January 2024, 03:38 AM   #278
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That doesn’t even make sense

Maybe he’s telling you you’re “crappy”? Ignore such negativity. Let if go. We knew, from the start, that this thread would go sideways…..

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Old 26 January 2024, 05:56 AM   #279
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and just like that...

PS: Thx, it makes life easier for myself and my friends.
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Old 26 January 2024, 06:11 AM   #280
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You realize this is a Rolex forum right.
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Old 26 January 2024, 06:17 AM   #281
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Enjoy your Omega...but it's not a Rolex...
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Old 26 January 2024, 06:17 AM   #282
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You realize this is a Rolex forum right.
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Old 29 January 2024, 07:38 AM   #283
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It's the other way around. Rolex AD's have been boycotting me for the past 3 years . Nah, it's all good. If they offer me a Pepsi, I'm game .
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Old 29 January 2024, 08:18 AM   #284
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Originally Posted by Dave O View Post
First off, I don't like the flippers either. I would rather these watches being sold to enthusiasts instead of the flippers. However, on Chrono24, probably one of the largest resale location for watches, there are a little over 37,000 new Rolex watches for sale. Seems like a lot, but one needs to remember that Rolex sells over a million watches a year. So the number of new Rolex watches on Chrono only accounts for 3.7% of Rolex watches sold. Let's throw in another 1.3% from other grey market dealers and that's just 5% of the total Rolex sales. So ~95% of the people out there are still getting their watches from an AD. So in the overall scheme of things, it's a relatively small percentage. And as others have said, a product of supply and demand.
A large number of those listings on C24 are not real. Meaning there is no watch in hand. They find a buyer first then source the watch in dealer forums and group chats.
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Old 29 January 2024, 08:37 AM   #285
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Too much word salad in a single run on sentence.

Seems to me that Rolex is esentially boycotting itself which is fine with me. Far too many beautiful watches and superior watch brands to look at.
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Old 29 January 2024, 09:12 AM   #286
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Originally Posted by Dave O View Post
First off, I don't like the flippers either. I would rather these watches being sold to enthusiasts instead of the flippers. However, on Chrono24, probably one of the largest resale location for watches, there are a little over 37,000 new Rolex watches for sale. Seems like a lot, but one needs to remember that Rolex sells over a million watches a year. So the number of new Rolex watches on Chrono only accounts for 3.7% of Rolex watches sold. Let's throw in another 1.3% from other grey market dealers and that's just 5% of the total Rolex sales. So ~95% of the people out there are still getting their watches from an AD. So in the overall scheme of things, it's a relatively small percentage. And as others have said, a product of supply and demand.
First of all, a listing is not a sale. Many online listings, whether it is chrono24, eBay, or others...are just fishing expeditions by the same arbitrage artists. They list a bit over what they think they can buy for if a buyer bites the hook. As often as not they can't and just tell you it's already sold. Ten listings may all be trying to broker the same watch. Not all listings of course, but many. Look at Ebay, you'll see 8 different Japanese sellers listing the same watch. They share inventory just like a dozen little Tokyo restaurants will share a kitchen.

Second, current listings definitely don't equal annual sales any more than the 20 gallons of milk in the 7-11 cooler today mean that's all they sell in a year.

Third, they all start as a sale from an AD in most countries. It's one after the other, not one instead of the other.

Fourth through 15th...too much to type on my tiny phone keyboard.
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Old 30 January 2024, 01:05 AM   #287
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How's the boycott going?
Boycott failed.
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Old 30 January 2024, 03:41 AM   #288
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Another glorious day... enjoy your time.

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Old 30 January 2024, 05:03 AM   #289
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a large number of those listings on c24 are not real. Meaning there is no watch in hand. They find a buyer first then source the watch in dealer forums and group chats.
+1
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