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23 May 2020, 12:39 AM | #1 |
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from SS to PM ?
If AD's do not usually have a stainless steel Daytona, GMT, Sky-Dweller, Submariner etc... why don't customers switch to the precious metals versions of same ?
I understand PM prices are higher than SS, but one could sell or trade 2 or 3 SS models to get the PM watch. |
23 May 2020, 12:48 AM | #2 |
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There are several reasons why someone wouldn't want to do that including; they don't like the look pm, they don't like the weight, they don't have the money/want to spend that level of money or, in your example, either don't have 2 or 3 watches to trade or be willing to trade what they've got.
Without wanting to sound mean, in all honesty, I think that's not a very well thought question. |
23 May 2020, 12:48 AM | #3 |
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I think it all comes down to preference
Some people rather have the variety with owning 2 to 3 SS pieces while others rather have 1 PM. If you ran a poll of whats preferred, multiple SS or 1 PM I think it will be fairly even.
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23 May 2020, 12:58 AM | #4 |
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Not to mention that PM watches have a tendency to depreciate faster than their SS versions.
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23 May 2020, 12:59 AM | #5 |
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You answered your own question.
How many customers do you think there is for a $10k watch versus a $35-$40k watch? 90% of ppl are in the game at $10k. At $30k+ that shrinks dramatically I would say to less than 10% of the market. $$ talks thats all there is to it. I know for myself if I wasnt worth 7 figures I wouldnt even consider dropping $30k on ANY watch. I'm not going to be a pretender and portray something I am not. |
23 May 2020, 01:03 AM | #6 |
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Variety is a spice of life. IMO I rather have options to pick from than have just one expensive watch.
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23 May 2020, 01:13 AM | #7 |
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only a dummy would pay the outrageous inflated ss prices that in some models are equivalent to the pm prices of the same model
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23 May 2020, 01:15 AM | #8 |
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You casually assume that people just have 2 to 3 SS models laying around to either sell or trade Thats not normal
PM is beyond reach for the wast majority and if pursued it could be years and years of savings |
23 May 2020, 01:19 AM | #9 |
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lol yeah... can't get a SS Sub? Just go cough up 40k for a Smurf, easy peasy. Or better yet, since in your scenario I really want SS, it makes total sense to trade the 2-3 high value SS pieces I apparently already have for PM.
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23 May 2020, 03:22 AM | #10 |
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And after they get their PM pieces, they can also go eat some cake.
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23 May 2020, 03:30 AM | #11 |
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Yep, as a lot of folks said, the market in the $30K range is much smaller. Plus when you get to that range, you open up the HH options too so further fragmenting that small market.
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23 May 2020, 03:34 AM | #12 |
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To each their own, I personally do not like the PM look.
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23 May 2020, 03:39 AM | #13 |
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23 May 2020, 03:50 AM | #14 |
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"Prefaced by the French term “haute,” haute horology refers to the absolute finest of high-end watchmaking"
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23 May 2020, 03:54 AM | #15 |
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23 May 2020, 03:59 AM | #16 |
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Rough crowd on this thread, and I don't think it's justified given the OP's initial question.
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23 May 2020, 07:45 AM | #17 |
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23 May 2020, 08:10 AM | #18 |
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The implication is that all people need is one spectacular watch to wear every day as opposed to three average watches worn occasionally that look alike.
I tend to agree. |
23 May 2020, 08:42 AM | #19 | |
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Quote:
My assumption is that Rolex company and its AD's are satisfied, as are all the customers willing to buy the Rolex models which are readily available. So, the subject of this thread is to question why not buy the model that the AD has in stock and ready to sell ? There have been some helpful replies, but I think one additional answer is that some buyers of an all steel GMT may want a sense of security that they are paying new for the price that grey market sells for a used piece .So, the buyer gets to enjoy wearing a new watch while also believing that its resale value is more than what he/she paid the AD. So, I think one can keep looking at AD's , get on wait lists etc.. for one of the couple of models that an AD sells new for less than grey market used. Or, one can buy any of the many, many Rolex models the AD has in inventory, enjoy wearing that watch, and look to the stock market, soy bean futures, rare coins or stamps etc... for investment gain opportunities. Any and all Rolex models hold their value reasonably well, so no matter which watch one buys it won't depreciate too much. |
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23 May 2020, 08:49 AM | #20 |
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My guess is that the answers would be split 50/50 if people with $30,000 to invest in Rolex product would rather have one $30,000 watch or three $10,000 watches.
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23 May 2020, 09:33 AM | #21 |
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In before the lock. It's about to get good.
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23 May 2020, 09:48 AM | #22 |
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OP, in most cases it boils down to price point. A SS Sub is in the 9K range, and for many jumping to a YG or WG Sub is a huge financial leap at 4 times the price of steel.
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23 May 2020, 10:26 AM | #23 | |
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Quote:
There are lots of successful people with large discretionary income who own one nice car, one nice audiophile home theater/stereo system, and one nice watch who never give a second thought about any of these items until they break. There are internet forums for everything these days and they do not participate. Owning several nice items motivates a person to seek out like minded individuals on a regular basis for comparison and camaraderie. |
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23 May 2020, 10:41 AM | #24 |
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Is the the steel and gold Submariner, $14,100 MSRP , or the steel and gold GMT at $14,800 MSRP, rarely available at an AD?
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23 May 2020, 10:58 AM | #25 | |
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Quote:
My belief is that consumers visit authorized dealers and many find a model that suits their taste and budget. It has to be this way or Rolex would not have been as a successful of a company and brand as it has been for 100 years. |
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23 May 2020, 11:56 AM | #26 |
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