My AD called — do I pull the trigger in a falling market?

[Watchdog]

I would definitely buy the watch. There is little to no chance of getting this reference below retail--not in the next decade, if ever. If you love it, please pull the trigger because IMHO, you will be getting "a deal." I definitely understand asking for others' opinions on this as I (quite happily) chose a career that was not particularly lucrative. However, you will not do better than this offer. Therefore, if you can afford to do so and adore the watch, go for it and enjoy for life.

[TimeAZ]

Buddy, didn't you call this watch your grail?? If that's not your answer, I don't know what is. The only cause of hesitation is if it really does place a strain on your personal finances. Never risk debt for a non-essential, luxury purchase; fundamentally these are Veblen goods. Even if they are high-quality Veblen goods.

BTW: I don't think you'll be getting a discount on that piece, they can sell it any day to any person. There are PLENTY of people out there who wouldn't even bat an eye at the recession or market, generally speaking there's no shortage of abundant wealth among Rolex buyers, at least that's certainly true for the clientele in my area. In fact, some have more money than sense, I would say.

[kieselguhr]

A bird in hand is worth 2 discounted birds in the bush

[Solo118]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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IMHO, will be a long time before you see it under MSRP, if ever. I would bite the bullet on your dream watch.

[GGGMT]

Originally Posted by Solo118

IMHO, will be a long time before you see it under MSRP, if ever. I would bite the bullet on your dream watch.

Much appreciated and that’s exactly what I’m going to do! Thku!


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[WatchGuy1966]

I don't think this particular model will ever fall below retail

[Quamby]

Get it!!!!!

[okplayer]

Get what you like and can afford!

[Beginner]

Just my 2 cents worth, so please do not flame me

1) the demand for Rolex watches is far higher than what it used to be. Even my hairdresser had paid a premium to get the Batman GMT from the grey market

2) Rolex will continue to increase the RRP of its watches as seen in the past many years (even in those so called financial crisis or bad times)

3) in this connected economy, bad time to some will also be good time to some

As such, if one can get a Rolex watch from an AD at RRP (better still a popular stainless steel sports model like the Starbucks), should be a safe bet.

[dmash]

Originally Posted by Beginner

2) Rolex will continue to increase the RRP of its watches as seen in the past many years (even in those so called financial crisis or bad times)

Why is the constantly repeated as fact on this forum and so many other areas? You guys don't fact check. Rolex didn't increase prices from '12-'20 in the US.

This 'Rolex always increases prices every year' is nonsensical drivel which was historically pushed by ADs to try and coax you into buying something that day.

[Forty6nTwo]

The next guy on the list won’t ask or wonder if there’s a discount.

[Guppydriver]

DO NOT GET THIS WATCH!!

As a matter of fact, go in and tell the AD that you will only buy it with a 10% discount.

I'll even personally support you. Just tell me exactly what AD and what time so I can be there to back up your demands.


Enjoy the reference OP, it's amazing . I look forward to pics

[D O C]

MSRP "is" the new discount buddy.

[RJM25R]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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Sounds like you can’t afford it.

If it was really your “grail” watch, price doesn’t come into it as you’ll never be selling it…… so residual wouldn’t matter.

[rambo99]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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wait for the ww iii, you may be able to get the Starbucks at lower than msrp then.

[mattidk]

Even later with small % discount (almost no chance), MSRP will keep rising next year etc. Get it while you can, or give to another guy next in queue so simple just that.

[Danny83]

Congrats never pass lol

[minute_man]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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You can't realistically expect a discount at the moment. And even if you could, that would not be more than abt 10%, never has been. Which begs the question, does 1K make any huge difference in your grand scheme of things? That's for you, to answer to yourself, not to this forum.

Now let us see some wrist shots and cut the bs.

Congratulations in advance

[brucethemanlee]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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Whatever the price is at MSRP or below…
IMHO If u can’t afford to lose all your money on the purchase of a luxury watch without breaking a sweat, you shouldn’t be buying it.

[alphadweller]

Get it now or regret it later.

Secondary prices have a long way to go before they get below MSRP. Will it even happen? Not sure. Get that bird in your hand while you can.

Time value of watches: you are better off owning and wearing a watch now than waiting months or years to start enjoying one. I'll skip the compounded enjoyment formula.

[joa]

if you care about money fluctuations +/- USD 2k -> don't buy (any luxury items) now

if you don't care about such money fluctuations -> clear BUY

[bp1000]

Get it.

Prices go up 5% randomly.

I bet you earn more in 1 month than any mythical saving you might get in the future.

[Gobee]

Only buy if you will never regret

[mountainjogger]

Smart to pull the trigger OP. Secondary market is falling. But the AD retail price is not falling and may not for foreseeable future.

[joejoe1225]

Get it.


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[bluestreak]

People so triggered by any mention of values that a guys comes on here and basically asks, “I want to buy this watch, but is there a way to get it cheaper?” And half the responses are lectures about not caring about watch values and residuals or him not being able to afford the watch.

We’ve reached peak craziness when people are saying that you shouldn’t worry about the price on even the initial purchase.

And OP, buy this watch now. You aren’t going to find it for under MSRP, unless it falls off a truck.

[beshannon]

Originally Posted by GGGMT

My AD called, my grail (126610LV) is mine. But. For a guy for whom money is real, would I be wise to wait for prices to fall below msrp? Will we see ADs discounting prices any time soonish?


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Sounds like you want to wait and do not really want the watch

[fsprow]

I doubt very much that watches will be available from dealers below MSRP. Nonetheless, if buying an expensive watch is going to create anxiety on your part, I’d just put the money away for another day when you feel more comfortable.

[johnorpheus]

Will not be below msrp unless the apocalypse happens

[grimacej]

For what it's worth, I just got the call for a BLNR from my AD and had to think about it for a second. I work in Finance, revenue for my firm is down and '23 looks to be more of the same. So, I rushed rushed into the AD's and bought it. If it's something you love, the exact $$ spent doesn't matter. It should be something that's on your wrist for decades.