2018 GMT CHNR...Crazy Grey Price

[glamorama]

It will also be hard for people to accept those prices because nobody has really seen one live so won't take the chance. Guess it will die down once novelty wears off after summer.

[Tampashooter]

Why the outrage over the Basel pieces, due to newness or availability or whatever, yet the common refrain over SS Daytona is, “life is short, overpay and enjoy it!”

I personally wouldn’t pay over msrp for any watch, just pointing out the dichotomy.

[lovetherolex]

Originally Posted by Tampashooter

Why the outrage over the Basel pieces, due to newness or availability or whatever, yet the common refrain over SS Daytona is, “life is short, overpay and enjoy it!”

I personally wouldn’t pay over msrp for any watch, just pointing out the dichotomy.

Exactly this.

[drmizzou]

I agree that if we as consumers take a stand and don’t buy these watches from profiteers, then prices will come down and these people selling them at premiums will no longer buy them as no profit is here to be had and we’ll readily find them at ADs. Although gorge in its own right, the chnr is not for me so no problems here. I am ticked that more than 2 years now since DaytonaC release and I still can’t find one at retail despite purchasing more then $70k worth of Rolex and Tudor watches in the past 3 years from 2 ADs.

[lovetherolex]

Originally Posted by drmizzou

I agree that if we as consumers take a stand and don’t buy these watches from profiteers, then prices will come down and these people selling them at premiums will no longer buy them as no profit is here to be had and we’ll readily find them at ADs. Although gorge in its own right, the chnr is not for me so no problems here. I am ticked that more than 2 years now since DaytonaC release and I still can’t find one at retail despite purchasing more then $70k worth of Rolex and Tudor watches in the past 3 years from 2 ADs.

There is always someone in the gotta have it crowd who has the money to burn and wants to be first or thinks it's that essential to have. And always a middleman inserting himself into a situation while adding no value in the transaction to the market whilst lining his own pockets. These two are lock and key.

If I was one of these grey market scalpers I would be laughing so hard at what's transpiring as long as this crazy cash comes my way. Rarely in life can you scalp people like this and have them thank you for it.

Nothing but Rolex upping production will change this. But they'd rather have the hype and heat than reach any kind of market saturation that leads to more discounting, that's evidently more of an evil to them.

The losers are ironically the people who simply want to buy the watch to wear, like yourself. Either you get nothing, or bend over to the scalpers, who are the only winners

[AK797]

Originally Posted by lovetherolex

The losers are ironically the people who simply want to buy the watch to wear, like yourself. Either you get nothing, or bend over to the scalpers, who are the only winners

Let's not get carried away, you as the owner of this watch and as a genuine wearer and not with a flip in the back of your mind, is the real winner on all these hyped watches, a grey making an extra grand or three on a watch that is clearly underpriced at retail is not doing any cartwheels. Shame when price starts to get more important than ownership on pure luxury goods.

[Speedbird-1]

As I said before, "stuff 'em!" I'll bide my time.


ROLEX! Your phoney 'controls' aren't working.

ROLEX, do your really care who your real customers are?

ROLEX, your AD's are retaining warranty cards!.....hahahaha!

I respectfully suggest Rolex cut all relations with AD's and
supply direct, online only, including servicing etc.

Of course they won't........
I suspect there are far too many greasy palms at work.

Like 'posh' antique shops, many ad's forget they are 'just' shopkeepers, not
Royalty.
Absolutely nothing wrong with being a shopkeeper, just don't pretend you're
more important than the person whose coin you are after.

Phew! That's better.

[lovetherolex]

Originally Posted by AK797

Let's not get carried away, you as the owner of this watch and as a genuine wearer and not with a flip in the back of your mind, is the real winner on all these hyped watches, a grey making an extra grand or three on a watch that is clearly underpriced at retail is not doing any cartwheels. Shame when price starts to get more important than ownership on pure luxury goods.

Exactly the point: drmizzou is not an owner.

And it's not a matter of pricing, it's a matter of deliberately constrained supply. Take away the supply constraints and you take away the insane secondary pricing and the middlemen.

That says it all.

[AK797]

Originally Posted by lovetherolex

Exactly the point: drmizzou is not an owner.

And it's not a matter of pricing, it's a matter of deliberately constrained supply. Take away the supply constraints and you take away the insane secondary pricing and the middlemen.

That says it all.

If it was manipulated supply or forced exclusivity as Hublot have used and AP are currently trying to do, then I'd agree it would be a hard pill to swallow and buy at a premium, but that is not the situation with Rolex, or PP as well, demand has simply blown up and in a capitalist market if you want an item in high demand you have to pay to play. End of story. Crying over past prices is a waste of time and will just lead to people missing out on owning watches they truly love and can afford.

Buy the Watch, not the Price. Principle applies regardless of whether prices are low or high.

[Aventura]

Originally Posted by lovetherolex

There is always someone in the gotta have it crowd who has the money to burn and wants to be first or thinks it's that essential to have. And always a middleman inserting himself into a situation while adding no value in the transaction to the market whilst lining his own pockets. These two are lock and key.

If I was one of these grey market scalpers I would be laughing so hard at what's transpiring as long as this crazy cash comes my way. Rarely in life can you scalp people like this and have them thank you for it.

Nothing but Rolex upping production will change this. But they'd rather have the hype and heat than reach any kind of market saturation that leads to more discounting, that's evidently more of an evil to them.

The losers are ironically the people who simply want to buy the watch to wear, like yourself. Either you get nothing, or bend over to the scalpers, who are the only winners

You do not have to bow to anyone. And less for a simple watch that carries five famous letters. Well that's what you buy not the watch. Very good comment.

[seadweller43]

already for sale in one of the largest local grey dealer, but still unavailable in any AD in Hong Kong.

[BobDyl]

Much as I love this reference, it's doubtful these asking prices will maintain for very long. Will be checking back in in a couple months...

[T01]

I like the watch, but would never pay over retail for it. Frankly I would probably not even pay retail, I'm sure it will eventually trade for well below just as most TTs do.

[airpeace]

the grey can ask whatever price they want, but finding people who are willing to pay for it is a different story.

[yannis]

If no one pays those ridiculous prices, they will eventually come down.

[marc12]

Is this the first TT with RG instead of YG?

[travisb]

Originally Posted by marc12

Is this the first TT with RG instead of YG?

Yachtmaster SS & RG with chocolate dial and DJ models as well.

[lovetherolex]

Originally Posted by marc12

Is this the first TT with RG instead of YG?

Plenty of RG TT DJs out there.

[Mousehunter]

Kind of curious how many are being released. I am on list for the SS Pepsi, but honestly probably like this one more. The fear of the usual TT discount is the main issue. In a year what are the odds that the ss will be selling for more than the TT on the gray market. Plus what about value 10 years down the road.

[AK797]

Someone contact Watchfinder with one to sell and get a quote, wonder if they are offering above or below retail?

[beshannon]

The hype will die down

[Bigblu10]

Originally Posted by beshannon

The hype will die down

Agree, this happens every year with new Basel releases.
Nobody in their right mind is paying 40K+ for the solid rose gold GMT

[MTx2]

The reality is that there are not that many available. A lot of online grey sellers post the watch at a price above what they know they can source it at. Low cost way of carrying stock.

[superstarmar]

Insane. glad I'm not interested !!!

[rollee1]

Impatience reap profits.

[Horationelson]

Isn’t the point that Chrono24 is a global market, so the GBP prices are translated from other currencies (EUR or USD) where the RRP is higher anyway?

[wristmatic]

i had three of my ad hit me up if i wanted it. two tone and all rose. dont think the mark up will last long

[Beauregard]

free mar·ket
ˈˌfrē ˈmärkət/
noun: free market; plural noun: free markets; modifier noun: free-market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.

[lovetherolex]

Originally Posted by Beauregard

free mar·ket
ˈˌfrē ˈmärkət/
noun: free market; plural noun: free markets; modifier noun: free-market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.

We don't have free markets.

[tyler1980]

Originally Posted by Beauregard

free mar·ket
ˈˌfrē ˈmärkət/
noun: free market; plural noun: free markets; modifier noun: free-market
An economic system in which prices are determined by unrestricted competition between privately owned businesses.

how do you suppose the AD is participating in this free market? The cant.. therefore these flippers are taking advantage of a market that isnt free to begin with. If it was free the AD price would be the market price and no need for a parallel market at all.

You are missing 1/2 of the equation, and a 1/2 free market is not free ...as it either is or it isnt.

AD's can discount down to a market price and everyone expects it, but they cant price up when the market price is higher. People expect the market to work one way... to their advantage. "free market" is just a buzz word and it means nothing as people only want it when it benefits them.