Low Balling....

[Speedsleev]

Originally Posted by rolex16

Crazy when it comes from members that self-reportedly have multiple decades of Rolex experience. Almost like they remember the past and don’t want it back. Not sure why. Buying a Rolex felt more special back then to me, not less.

Agree and disagree. Prior to Covid I had many pieces from my AD including a BLRO and Daytona and was still on the list for date sub maxi case, already had a no date. That watch took a year to come in and I received it right before the lock downs. Sure, its different in other parts of the country but the shortage was prior to Covid. Covid did not creat the Rolex phenom or the shortage, it just took us into an insane looney land that has no become the norm.

2017 was the last time I could remember Subs and Explore ll’s living side by side in display cases waiting for people to buy them.

With nothing else to to do, people sat on Instagram and watched the global watch market explode and wanted to be part of it.

I think we get back to a point where things on the grey market are a few K over retail and watches start flowing back through AD’s to good normal customers with disposal income and the ones that did not get hammered too hard on their 401K like 2008 etc etc.

I think the days are past us a bit of people that struggle to pay the gas prices and are at the same time trying to max a out a credit card to flip modern hype Rolex’s. Eventually those two scenarios existing together fail to coexist. It could actually be refreshing to see people buy a watch they want and actually wear it instead of trying and time the hype market based of popular grey website prices and trying to wring every last cent out of a flipped 41mm new Kermit with a piece or two of plastic still on the clasp that the AD missed when removing the plastics.

If you recall, certain groups and a lot of members here could still buy watches through 2008 and beyond, guessing they are the ones that will still be able to fill up the luxury SUV’s and not really pay attention to the price of gas.

The biggest struggle fore me is seeing black ceramic GMT’s at $20k when I paid in the $5k’s after a discount in 2006/2007

I think I spun way off topic but probably the result of a few too many espresso’s already today.

Cheers,

[Wahlberg]

Originally Posted by Mystro

The genie is out of the bottle with AD’s by using Rolex as a carat to sell other jewelry. It’s never going to go back to the way it was buying a Rolex at a AD with watches in the display cases. Those days are long gone.
It’s a hard pill to accept for some and Rolex might not ever fit into their comfort zone of purchasing but fortunately there are many other brands with full display cases that can be purchased on the spot, even with a discount that will fit into their buying criteria.

Since you know it all, can you give me the correct numbers for the national lottery as well?

Much appreciated.

[ratty]

Originally Posted by pepemaui

Gotta say, I am NOT unhappy.....Im slightly tickled to read that when watches were being offered at 500% (John Mayer), $200k, and some offered $150k (Not Me) they were called "LOWBALLERS" for their 350% offer.....

Still amazes me to see post "reasonable offers considered" and "No Low Ballers" when the asking price was 2-5 times MSRP.....Interesting how they thought they were the judge and jury of the asking and offer price...

I personally would start offering retail or below on any watch people are interested in obtaining....There is a plethora of inventory waiting....If they say ^*$#+@ you, so what....

What is a "John Mayer"?

[JRedford]

Originally Posted by ratty

What is a "John Mayer"?

American recording artist.

[pepemaui]

Originally Posted by ratty

What is a "John Mayer"?

Yellow gold Daytona with the green dial…. It wasn’t all that popular until he started wearing it and he gained a lot of traction in the media.

[GGGMT]

Welcome to economics 101, which is how a free market works; if you don’t like 2x MSRP or 3x or 4x, then sit out of the market. I really like 1990s pricing in my real estate market. Did I wait? No because I wanted a house. Am I going to wait until 124270 gets back to MSRP? No because I wanted an explorer 1 now to go with my 214270. It’s what is costs at the time I wanted it. (Badly)


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[gerry100]

"low balling" is just a negotiating tactic.

A low ball offer is better than none at all and sometimes can flush out a minimum acceptable price

[rolex16]

Originally Posted by GGGMT

Welcome to economics 101, which is how a free market works; if you don’t like 2x MSRP or 3x or 4x, then sit out of the market. I really like 1990s pricing in my real estate market. Did I wait? No because I wanted a house. Am I going to wait until 124270 gets back to MSRP? No because I wanted an explorer 1 now to go with my 214270. It’s what is costs at the time I wanted it. (Badly)


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I think the point of the thread is that sellers feel they can set a highball price, but they don’t seem to want buyers to try to do the same with an offer that they deem lowball. Seems rather arrogant. Even more so when they themselves will lowball the crap out of you if you try to sell to them.

[Mystro]

Originally Posted by Wahlberg

Since you know it all, can you give me the correct numbers for the national lottery as well?

Much appreciated.

You don’t want to get more wealthy that way and besides a lottery is tax on stupidity.

[ratty]

Originally Posted by JRedford

American recording artist.

What is, not who is!

[ratty]

Originally Posted by pepemaui

Yellow gold Daytona with the green dial…. It wasn’t all that popular until he started wearing it and he gained a lot of traction in the media.

Thank you.

So a current gold Daytona is in the 150 to 200k $ bracket now, I had no idea!

[pepemaui]

Originally Posted by ratty

Thank you.

So a current gold Daytona is in the 150 to 200k $ bracket now, I had no idea!

They are lower now, this is when the craziness started. And it is only specific to the yellow gold with a Green Dial. That combination is the John Mayer version.

Although all precious metal versions are inflated..


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[rolex16]

Originally Posted by ratty

Thank you.

So a current gold Daytona is in the 150 to 200k $ bracket now, I had no idea!

There’s a sucker born every minute!

[zengineer]

Originally Posted by pepemaui

Gotta say, I am NOT unhappy.....Im slightly tickled to read that when watches were being offered at 500% (John Mayer), $200k, and some offered $150k (Not Me) they were called "LOWBALLERS" for their 350% offer.....



Still amazes me to see post "reasonable offers considered" and "No Low Ballers" when the asking price was 2-5 times MSRP.....Interesting how they thought they were the judge and jury of the asking and offer price...



I personally would start offering retail or below on any watch people are interested in obtaining....There is a plethora of inventory waiting....If they say ^*$#+@ you, so what....

Sounds like you've got it all figured out.

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[mountainjogger]

Originally Posted by taitun4life

If Rolex continues with this trend like Hermes et al… they won’t be here in another 50yrs. 💯

So Rolex and Hermes should outsource production, increase supply and lower price so that they can be purchased 24/7 365 days a year at a whim?

Rolex has maximized it's brand. That is why demand is so high.

Saying that maximizing the demand for their brand will decrease the brand's longevity is a very interesting, albeit novel, way at looking at marketing and the market.

And I would love to see historic examples to back up this claim.

[dnd2984]

Originally Posted by GGGMT

Welcome to economics 101, which is how a free market works; if you don’t like 2x MSRP or 3x or 4x, then sit out of the market. I really like 1990s pricing in my real estate market. Did I wait? No because I wanted a house. Am I going to wait until 124270 gets back to MSRP? No because I wanted an explorer 1 now to go with my 214270. It’s what is costs at the time I wanted it. (Badly)


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Thank you! This is exactly what I am thinking.

[taitun4life]

Originally Posted by mountainjogger

So Rolex and Hermes should outsource production, increase supply and lower price so that they can be purchased 24/7 365 days a year at a whim?

Rolex has maximized it's brand. That is why demand is so high.

Saying that maximizing the demand for their brand will decrease the brand's longevity is a very interesting, albeit novel, way at looking at marketing and the market.

And I would love to see historic examples to back up this claim.

That’s not what I suggested or implied. If they continue to allow real customers to be I’ll treated over decades, what do you think will happen to the brand? Any brand?

Availability and produced qty is not the only problem with Rolex.

Loads of examples of brands that were doing great and allowed their egos have the better of them in the Tech Industry (and I know you’ll say it’s different but is it, really?)


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[77T]

Originally Posted by taitun4life

That’s not what I suggested or implied. If they continue to allow real customers to be I’ll treated over decades, what do you think will happen to the brand? Any brand?

Availability and produced qty is not the only problem with Rolex.

Loads of examples of brands that were doing great and allowed their egos have the better of them in the Tech Industry (and I know you’ll say it’s different but is it, really?)


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Yes, horology and tech are much different.

What are these other problems of which you allude at Rolex?


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[taitun4life]

Originally Posted by 77T

Yes, horology and tech are much different.



What are these other problems of which you allude at Rolex?





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"If they continue to allow real customers to be I’ll treated over decades..."



And we don't have to agree but hopefully this thread will still be up in 2030/40 and we can have a catch up then...



By the way, I LOVE THE BRAND. and i am a certified FANBOY

[Ssunnylee24]

hahaha and 90% of you guys call grey dealers "trusted".

[taitun4life]

Originally Posted by Ssunnylee24

hahaha and 90% of you guys call grey dealers "trusted".

Never bought grey... always boutique, IWC, Omega, Rolex, Breitling....

Maybe someday, who knows?

[Mystro]

There is nothing wrong with looking at other brands that might fit their business and manufacturing practices more in line with your ideal. Seriously, Rolex and all its baggage isn’t for everyone. Diversity in a watch collection has always proven to be a great idea in keeping every model in the collection unique and appreciated more. Perhaps purchasing other brands now might be more enjoyable and rewarding than hyper focusing on one brands availability and price point. That way you can actually enjoy and put your focus into the watch itself and not on the temporary act of acquisition.

[Fritzli]

Tudor is the new Rolex - cool, fresh, some real toolwatches. In a few years from now Tudors image might be far more desirable than the one of Rolex!

[taitun4life]

Originally Posted by Fritzli

Tudor is the new Rolex - cool, fresh, some real toolwatches. In a few years from now Tudors image might be far more desirable than the one of Rolex!

True that. But they are threading the same line as Rolex. You can’t get a BB58 in any store unless you wait some months

Not good


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[zengineer]

Originally Posted by padi56

Well today Rolex are no longer watches now little more that £££$$$$€€€€ object things and little more and sold to the highest bidder.

You really need some new material.

[padi56]

Originally Posted by pepemaui

Gotta say, I am NOT unhappy.....Im slightly tickled to read that when watches were being offered at 500% (John Mayer), $200k, and some offered $150k (Not Me) they were called "LOWBALLERS" for their 350% offer.....

Still amazes me to see post "reasonable offers considered" and "No Low Ballers" when the asking price was 2-5 times MSRP.....Interesting how they thought they were the judge and jury of the asking and offer price...

I personally would start offering retail or below on any watch people are interested in obtaining....There is a plethora of inventory waiting....If they say ^*$#+@ you, so what....

Well today Rolex watches are just ££$$€€ objects and little more.

[Hollie_Rollie]

IMO the used watch dealers are the kings of lowball offers.

Used watch dealers will offer to buy your watch at 12k while they have that exact model listed for 16k. But offer them 12k for the model they have listed and watch them groan


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[Hollie_Rollie]

Originally Posted by zengineer

You really need some new material.

Getting his post count up


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[Rolex.Journey]

Grey market buyers are spotty for sure. Drives me crazy when they say they operate on a 10% margin or less. Really?! Cause on your IG today you posted the same watch for 40% more than you’re offering to buy it from me for.


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[Calatrava r]

Originally Posted by pepemaui

Agree in part....The Market dictates.....

But, "the market" is the people's offer in part....

Correct, what people are willing to pay determines the market price in the secondary markets. That is in effect the MSRP for that market.