Buyers Remorse on BLRO purchase from dealer

[Vamp]

Wait a minute aren’t BLROs NIB going for 18.-19.5k? He sold you the watch for 16.8 that’s cheaper than grey for sure! And TT gmts are really selling for what 8.5-9.5k. I honestly don’t think the deal was that bad. I think at best you lost 3k in the grey market. Plus you have your name on the card!

[Muxi]

Originally Posted by Vamp

Wait a minute aren’t BLROs NIB going for 18.-19.5k? He sold you the watch for 16.8 that’s cheaper than grey for sure! And TT gmts are really selling for what 8.5-9.5k. I honestly don’t think the deal was that bad. I think at best you lost 3k in the grey market. Plus you have your name on the card!

I know! It was a fair deal.

[Devildog]

You got a brand new BLRO for $3,000 below current market price straight from an AD with your name on the card (legitimately).

the trade price you got for the TT GMT was maybe a little low but we don't know age or condition. You'd have got more in a private sale, but not anywhere near $3,000 more.

On a market price basis you got a good deal.

Perhaps explain that to your wife, man up a bit about the remorse and enjoy what is arguably the most sought after Rolex watch of 2019 (and, more importantly, a fantastic reference)

[Vamp]

Originally Posted by Devildog

You got a brand new BLRO for $3,000 below current market price straight from an AD with your name on the card (legitimately).

the trade price you got for the TT GMT was maybe a little low but we don't know age or condition. You'd have got more in a private sale, but not anywhere near $3,000 more.

On a market price basis you got a good deal.

Perhaps explain that to your wife, man up a bit about the remorse and enjoy what is arguably the most sought after Rolex watch of 2019 (and, more importantly, a fantastic reference)

Exactly what I just stated above you! Keep that watch!!!

[Devildog]

Originally Posted by Vamp

Exactly what I just stated above you! Keep that watch!!!

Great minds and all that

[LuminousMaximus]

I think you made a good deal and could parlay that acquisition into another ROLEX one day, of even trade into a PM.

Regardless if you paid over "retail," The watch still holds it's value and it looks like you had a little bit of equity built in.

Talk to the wife. Show her the value, and keep that amazing ROLEX!

[Jamie1111]

Originally Posted by Devildog

You got a brand new BLRO for $3,000 below current market price straight from an AD with your name on the card (legitimately).



the trade price you got for the TT GMT was maybe a little low but we don't know age or condition. You'd have got more in a private sale, but not anywhere near $3,000 more.



On a market price basis you got a good deal.



Perhaps explain that to your wife, man up a bit about the remorse and enjoy what is arguably the most sought after Rolex watch of 2019 (and, more importantly, a fantastic reference)

He got to trade back.


Sent from my iPhone using Tapatalk

[RolexWombat]

Originally Posted by Devildog

You got a brand new BLRO for $3,000 below current market price straight from an AD with your name on the card (legitimately).

the trade price you got for the TT GMT was maybe a little low but we don't know age or condition. You'd have got more in a private sale, but not anywhere near $3,000 more.

On a market price basis you got a good deal.

^ that

And also, your wife may not understand how the market value of a SS Rolex is a lot higher than the sticker price (unless you are willing to wait for a really long time), and yeah maybe should have gotten her something as well :)

[Mulligan]

If your AD has any concerns about reselling the watch since the warranty card is filled out, I'll pay him retail for it as is.

[Rrpdc]

Originally Posted by Mulligan

If your AD has any concerns about reselling the watch since the warranty card is filled out, I'll pay him retail for it as is.

+1.

Would love to see what ad says.

Ad def sounds shady.

[123Blueface]

Originally Posted by Mulligan

If your AD has any concerns about reselling the watch since the warranty card is filled out, I'll pay him retail for it as is.

Winner!!!

[Swaye]

The part that is troubling me is that ADs are doing this? I mean, yay capitalism and all that, but this feels like (hell it doesn't just feel like it, it was) a grey market transaction from an AD.

I have purchased from grays. I'm cool with that. I have purchased from ADs. I'm cool with that. But when ADs BECOME grays, I guess I'm not comfortable with that yet.

This market has blurred so many lines.

[The Libertine]

Originally Posted by Swaye

The part that is troubling me is that ADs are doing this? I mean, yay capitalism and all that, but this feels like (hell it doesn't just feel like it, it was) a grey market transaction from an AD.

I have purchased from grays. I'm cool with that. I have purchased from ADs. I'm cool with that. But when ADs BECOME grays, I guess I'm not comfortable with that yet.

This market has blurred so many lines.

Damn straight.

[TswaneNguni]

I will buy a BLRO at MRSP from an AD and that is that .

Great that the market thinks its worth so much,but I am with Rolex and agree its worth MRSP.

I feel the hype over this model is more about the market value,than the design .

Lets face it,flipping a pepsi wont make you rich,buying a pepsi at market pricing wont make me happy .I wont wear it .

[Uggi]

Originally Posted by TswaneNguni

I will buy a BLRO at MRSP from an AD and that is that .

Great that the market thinks its worth so much,but I am with Rolex and agree its worth MRSP.

Do you mean the watch is worth the current MSRP of £7,150 and that is your maximum ceiling on price or do you mean you'd pay whatever Rolex set as MSRP because you agree with their pricing structure?
If Rolex set the MSRP at £9,500 (for eg) would you buy at that price from an AD? How about £7,200?
Just curious.

[Rsubnodate]

Originally Posted by Swaye

The part that is troubling me is that ADs are doing this? I mean, yay capitalism and all that, but this feels like (hell it doesn't just feel like it, it was) a grey market transaction from an AD.

I have purchased from grays. I'm cool with that. I have purchased from ADs. I'm cool with that. But when ADs BECOME grays, I guess I'm not comfortable with that yet.

This market has blurred so many lines.

This ^^

[Topspin14m]

MSRP is not the price of a SS Rolex, so you paid market price. The alternative was to buy tens of thousands of dollars of watches and jewelry to “get” to buy the watch at MSRP (a discount to market price). My AD won’t even let folks without a purchase history order a SS DJ41 anymore. If you don’t want to pay $16k for a watch that’s fine, but you paid market (maybe even below market). Saying you paid $6k above market is the wrong way to think about it.

[Ravager135]

I am assuming you did not purchase this at an AD. Regardless 16k is probably a "deal" on the grey market these days. In my opinion, it is certainly not worth a two tone GMT-Master II plus 6k in trade. If you feel satisfied in the deal, then it was worth it you. Judging by your post I suspect you already aren't sure and I'd agree.

[Swaye]

Originally Posted by Ravager135

I am assuming you did not purchase this at an AD. Regardless 16k is probably a "deal" on the grey market these days. In my opinion, it is certainly not worth a two tone GMT-Master II plus 6k in trade. If you feel satisfied in the deal, then it was worth it you. Judging by your post I suspect you already aren't sure and I'd agree.

He said he got it at an AD, which is the part that makes all of this so bizarre to me. Unless I am misunderstanding something? We all know ADs bundle, and we all know ADs sell out the back door to greys, but I have never seen an AD functioning AS a grey on new watches. This whole thing is weird to me.

[peterpl]

Originally Posted by Ravager135

I am assuming you did not purchase this at an AD..

Your assumption is wrong. He clearly states this deal was from an AD. Meaning ADs are selling way above MSRP and trying to hide it by not providing receipts of the purchase.

[Swaye]

Originally Posted by peterpl

Your assumption is wrong. He clearly states this deal was from an AD. Meaning ADs are selling way above MSRP and trying to hide it by not providing receipts of the purchase.

Bingo. This may not be illegal, but it is certainly unethical in my mind, and pretty much dirty pool antics. Either be a secondary market grey, or be an AD, but don't try to be both imho.

[Topspin14m]

Originally Posted by Swaye

Bingo. This may not be illegal, but it is certainly unethical in my mind, and pretty much dirty pool antics. Either be a secondary market grey, or be an AD, but don't try to be both imho.

How is it any more unethical than what all of the ADs do, which is to hide their stock and only sell it to people who spend $50, $100+k on watches?

[jvb.nc]

Originally Posted by Topspin14m

How is it any more unethical than what all of the ADs do, which is to hide their stock and only sell it to people who spend $50, $100+k on watches?

not all ADs do that. painting with broad brush strokes and generalizing is lame.

just sayin.

[Ravager135]

Originally Posted by Swaye

Bingo. This may not be illegal, but it is certainly unethical in my mind, and pretty much dirty pool antics. Either be a secondary market grey, or be an AD, but don't try to be both imho.

I guess I missed that part. This surprises me. I've seen ADs sell pre-owned pieces (usually on consignment), but this detail means the AD did not value his watch at 10k. Rather they valued it at 3k+ considering he gave them 6k in cash. I was under the impression that an AD selling Rolex watches above MSRP was forbidden.

[1kw]

"But when ADs BECOME grays, I guess I'm not comfortable with that yet"


I should have titled the thread "AD Become Gray" ! Fortunately I am not a fool and I can bring it back. The dealer said yesterday that when they used to put all there watches in the display ie BLNR on display everyone wanted a discount. Now the dealers keep them in the back and people don't ask for a discount. He says all the dealers are doing it.

[enjoythemusic]

Originally Posted by 1kw

He says all the dealers are doing it.

And the name of this dealer and other dealers he knows are doing this are ????

Name names please. Am sure Rolex would want to know.

[steve099]

Originally Posted by enjoythemusic

And the name of this dealer and other dealers he knows are doing this are ????

Name names please. Am sure Rolex would want to know.

Its pretty obvious the majority of dealers are doing this and who can blame them?

[Topspin14m]

Originally Posted by 1kw

"But when ADs BECOME grays, I guess I'm not comfortable with that yet"


I should have titled the thread "AD Become Gray" ! Fortunately I am not a fool and I can bring it back. The dealer said yesterday that when they used to put all there watches in the display ie BLNR on display everyone wanted a discount. Now the dealers keep them in the back and people don't ask for a discount. He says all the dealers are doing it.

All of the dealers ARE doing it! The guy is being completely honest with you (except it isn’t about discounting, it’s about setting conditions on getting the watch in the back). Honestly, unless you have another dealer who will sell you the watch at MSRP because you bought a bunch of other stuff, you got a good deal for a BLRO from this guy. You paid a slight discount to market and didn’t have to spend $50k (or more) to get access to MSRP.

There is another post from a pilot who literally flies all around the world going to dealer after dealer asking for MSRP and even he ultimately paid $16k for the watch.

[TswaneNguni]

Rolex world is getting weirder by the day .

ADs selling above MRSP....buyers wanting to return a day after purchase ..flippers...ADs selling to greys... 2.5x MRSP pricing

Its really starting to have a bad smell .

Look at this story ...buyers remorse a day after above MRSP purchase from a Rolex AD.

[1kw]

Originally Posted by Topspin14m

All of the dealers ARE doing it! The guy is being completely honest with you (except it isn’t about discounting, it’s about setting conditions on getting the watch in the back). Honestly, unless you have another dealer who will sell you the watch at MSRP because you bought a bunch of other stuff, you got a good deal for a BLRO from this guy. You paid a slight discount to market and didn’t have to spend $50k (or more) to get access to MSRP.

There is another post from a pilot who literally flies all around the world going to dealer after dealer asking for MSRP and even he ultimately paid $16k for the watch.

All good points, this is the reality of the BLRO market which is why I initially convinced myself to do the deal. The reality is having owned many many new Rolex watches over the years it is a fools game paying over retail for a stainless steel watch. Like the dealer said since the watches are in the back people are willing to pay more meaning there isn't really a shortage of sport watches its all marketing hype. Since none of the dealers anywhere have the sports stainless steel models on display it is plausible it is a coordinated organized marketing tactic suggested by Rolex itself.