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25 March 2021, 02:44 AM | #271 | |
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Do some wolves hoard ALS and FPJ and some McNuggets because they want to sell at a higher price later? Sure. But, McNuggets are a commodity, the market leader, the favorite, with massive brand power, and more customers than all the other players... and better suited for the quick flip. |
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25 March 2021, 02:55 AM | #272 | |
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In the past, DSW would buy for $1.50 and sell for $2.00. Prices are going up. So, DSW now offers $2.00 to sell at $3.00. New wolves like TPG want to cash in and are willing to buy for $2.50 and sell for $3.00. But they aren’t buying to hold. They want velocity. More transactions with very fast turnaround. |
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25 March 2021, 03:33 AM | #273 | |
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Interesting and I’ll consider that. I’m just glad to be on the sideline in this mess, as I don’t feel myself being pulled to any 6 digit references at this point and I have little reason to think that will change given Rolex trend in the past few years that. The feeding frenzy has actually made me pull away from Rolex and I find myself wearing it less and less recently. Sent from my iPhone using Tapatalk |
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25 March 2021, 03:37 AM | #274 | |
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“Not a Supply Issue / There is NO Shortage” Says Govberg
Quote:
That’s quite an increase. It generated significant wealth in the USA and abroad too. You’re asking if everyone got a $100,000 raise and the answer is: yes, sort of. The number of millionaires in the US went from about 10,000,000 to about 19,000,000 in that period of time. Sent from my iPhone using Tapatalk |
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25 March 2021, 04:00 AM | #275 | |
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It did and so folks can afford to pay above MSRP. But one can corner the market in anything. Sent from my iPhone using Tapatalk |
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25 March 2021, 04:20 AM | #276 | |
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“Not a Supply Issue / There is NO Shortage” Says Govberg
Quote:
Congratulations! You went from denying a mass increase in wealth from 2016 to 2021 to finally acknowledging it. Anecdotally, I still say that most incomings we see on TRF are from ADs, not gray market. I always see posts where people say, “got the call from my AD today, my watch is here.” And that’s from the people that post...I’m guessing most people that get a new Rolex don’t post anything on these forums. Sent from my iPhone using Tapatalk |
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25 March 2021, 04:21 AM | #277 | |
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If a specific reference is about to be discontinued... sure, dealers will try to buy up as many Hulks at $14K as possible because they are speculating they will sell for $17K in a few months. And, we all know (because they are so blatant about it) how Watchbox is trying to buy as many ALS and FBJ as possible because there is fatter margin and limited supply. But, Rolex is a commodity. 95% of secondary dealers don't have the working capital to have millions in inventory tied up in watches. They want to buy and sell as fast as possible. The big ones have the capital to operate with slightly longer time horizons. |
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25 March 2021, 04:37 AM | #278 | |
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25 March 2021, 04:50 AM | #279 | |
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First of all, C24 perceived inventory is phony. Lots of pieces that are NOT BNIB, or listed at $21K or more, or just plain aren't real. Very few real BNIB 2021 BLNRs available in your local market. For example, in the United States, I would say there are app. TEN (10) actual real listings for a brand new 2021 BLNR in the U.S. at a real price. ONLY 10. Secondly, Rolex makes plenty of BLNRs. Customers buy that watch to wear -- not to flip. Do some of them (under 5%) flip it for a quick $4,000? Sure. But it's safe to say the overwhelmingly majority of brand new BLNRs are in the hands of Rolex-loving customers -- not secondary resellers. |
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25 March 2021, 04:59 AM | #280 | |
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It is interesting how many watch sales are Dealer to Dealer almost in perpetuity- a kind of hot potato game where the price increases each time another dealer touches the watch. |
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25 March 2021, 05:05 AM | #281 | |
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25 March 2021, 05:07 AM | #282 |
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25 March 2021, 05:21 AM | #283 | |
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No one is cornering the market? So a few buy up large quantities of stock and jack the price. Sounds like the definition of cornering the market. Sent from my iPhone using Tapatalk |
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25 March 2021, 05:24 AM | #284 | |
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No, my argument is far more nuanced than that. Some got richer yes, most got poorer. Those that got rich may or may not want Rolex. But yes i agree with you I think most here do get from the AD and I for one won’t pay above MSRP. Too many good watches out there for that. Sent from my iPhone using Tapatalk |
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25 March 2021, 05:29 AM | #285 |
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Buying 10 Hulks is cornering the market? If one wanted to truly amass a large inventory of a particular reference, they would have to offer so much more than current trade price and do that for a prolonged period of time. It doesn't make business sense.
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25 March 2021, 05:30 AM | #286 | |
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Let me add this my friend. If you, me and say 100 of our friends get together and start massively buying toilet paper on a large scale and the companies don’t increase production, you don’t think we can charge more money than MSRP? Come on now? The answer is yes we can, and we could do so without added demand. Sent from my iPhone using Tapatalk |
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25 March 2021, 05:52 AM | #287 | |
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But YOU (and 100 others) bought TP massively and everyone else didn’t so, yes you did increase demand. More likely you pulled future demand forward if it sits in the basement waiting for covid 21 or whatever |
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25 March 2021, 06:02 AM | #288 | |
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Not 10, but how many hulks would you say that the thousand or so gray dealers amass each month? I don’t know but a heck of a lot more than 10 means less for us. Sent from my iPhone using Tapatalk |
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25 March 2021, 06:12 AM | #289 |
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There is a Japanese seller on C24 who has 11 Hulks for sale and recently raised the price by $1000 (they are all priced the same). It doesn't take much for one seller to alter the price structure of the market for a discontinued watch.
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25 March 2021, 06:25 AM | #290 | |
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There really only a few large grey dealers who have the strength...the absolute strength to inventory every single watch they list for sale. No fake ads. They have it and wouldn’t post it if they didn’t. It’s not only that the other guys don’t.....they literally CAN’T. The simply don’t have the money and cash flow. |
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25 March 2021, 06:31 AM | #291 | |
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25 March 2021, 06:42 AM | #292 |
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It’s interesting that Omega and Cartier, the second and third largest watch manufacturers by sales, don’t suffer from the sudden surge in demand around 2017. Everyone in the world discovered Rolex in 2017. Or maybe all the resellers discovered Rolex...?
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25 March 2021, 06:47 AM | #293 | |
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I don't care if dealers in Japan, Romania, or Russia list 50 Hulks for $50K. They don't have them and/or won't sell. |
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25 March 2021, 06:52 AM | #294 | |
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And because Rolex holds its value (and some models arguably increase in value)... the demand for Rolex is increasing while 95% of the other Swiss brands are faltering. |
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25 March 2021, 08:33 AM | #295 | |
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All I can tell you is that when I sold a watch on c24 I had to jump through a bunch of hoops to post the watch for sale to prove I had that exact watch it in my possession. I had to post like 4 pictures within a few minutes setting the watch to random times....sooo it may actually be some what of a measure. Then of course one can just check the major players sites and they also have plenty. They seem to always beat me. Just when I am about to walk into the AD, they seem to be one step ahead. Must simply be bad luck because they beat me each and every day. I know they beat me because they are always in stock. Sent from my iPhone using Tapatalk |
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25 March 2021, 09:30 AM | #296 | |
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Exactly Sent from my iPhone using Tapatalk |
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25 March 2021, 10:00 AM | #297 |
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25 March 2021, 10:07 AM | #298 |
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“Not a Supply Issue / There is NO Shortage” Says Govberg
The exclusive (in the getting excluded from ownership sense of the word) nature of Rolex buying today means many are not allowed to ‘join the club’. It is emotionally very hurtful to feel excluded. Each ‘incoming’ post evokes repressed feelings of envy and jealousy because nobody likes to admit that they’re jealous. No no. Lashing out at the forces keeping them out is, as you guys have put it, simply an emotional self defence. It feels better to play the victim card than acknowledge the truth. Sent from my iPhone using Tapatalk |
25 March 2021, 10:18 AM | #299 |
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Go check out the videos on youtube of the grey market dealers in Hong Kong. Multiples of every model ready to try and buy. There is no shortage of goods, there is a shortage at a specific price. It's all a shell game and everyone is in on it (Rolex, AD, Grey, etc)
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25 March 2021, 10:26 AM | #300 |
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I guess I mine as well tell all of you now.... sigh.... You see....
I HAVE ALL THE SS SPORT MODELS. I have been hoarding them for years, about five to be exact. Ever see that show: “Hoarders?” That is what my house looks like, the only difference is all the boxes are filled with Rolex SS Sport models.... You know what, it bothers me to see all this arguing and discontent, .. I am going to start selling them... I’ll sell them all at MSRP.... Maybe even a discount. |
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