Depreciation

[tng11]

Originally Posted by HONDABBQ

A 116655 was listed for $25800 from a respected WIS on another site.
List on that is $28700 and was bought last June. Im assuming he made a few bucks on that sale. At a basic 15% discount on a PM plus the taxes he would be ahead.
If bought right many in the Rolex lineup don't lose much if any at all, even PMs.

Haha you must be talking about my ad.

I can tell you the realized price was lower than that. And I did lose a little bit of money. To me, it worth it to try out a PM piece from brand new.

Canadian retail is $28,700 plus taxes. In Alberta that's $30,135, and in Ontario that's $32,431 (respectively, $22,500 USD and $24,217 USD). Assuming the Alberta list price you would need 15.8% off to get to my advertised price, and 21.7% in Ontario, to get to my asking price of $18,950.

I checked in with most ADs in the GTA and they were not willing to do a penny off on the piece. Full list plus taxes. PM discounts here have basically dried up.