Unloved PM discount?

[mr_gray]

i think it is highly likely that greys aren't getting the same discounts on PM watches they used to. however they aren't paying retail either.

what's interesting about a watch like the 116619 is the price hasn't increased since its release in 2008. and arguably the price for a decent used set has been around 25k for a comparable time.

i guess slowly slowly but we are seeing price pressure on PM for the first time in a decade (if not more). i personally think it is an ok time to buy because possibly:
- about to have a PM price change
- australian PM prices (RRP) are significantly lower than US prices and so that needs adjusting (due to currency fluctuation)
- increasing demand as they look like a good buy relative to stainless prices.

[Calatrava r]

I think a discount on PM is appropriate. Historically, they dropped 50 percent from MSRP. The market is clearly getting better as people consider all gold watches since they cannot get the SS and the aftermarket price on SS makes PM an alternative for a few more bucks. There is just not a big market for PM Rolex at its price point. Once you get into the high 30's these folks can step up and buy Patek, AP or some other haute horological brand with a breathtaking movement and be under the radar to boot. As nice as Rolex is, it makes the most sense in SS.

[CoveWatch]

I dont know the Canada market but here we still get discounts on PM pieces. All depends on the PM piece however, as I wouldnt get as much on a PM bracelet Daytona vs a PM DD or GMT

[jps3b]

Originally Posted by P1nky_Up

I was told $700 off a PM Rootbeer. I walked away and found a TT instead. I would’ve bought the PM if they had worked with me more. It’s still sitting on their shelf unsold.

Wow! That wasn’t very smart of them. For 700 dollars. They could have sold the full PM watch and the one you bought probably this week. Things are tough out there. I’m glad you held your ground. We as consumers need to stick to our principles. Having said that, do you love your new acquisition?


@jps3b

[jps3b]

Originally Posted by buckeye8810

There's probably $5k worth of gold in a solid pm piece. Less than that with platinum because platinum prices are in the toilet at around $800/oz. Yet you're paying $25-30k above what you can get the ss counterpart for.

I know, but...






@jps3b

[joli160]

Originally Posted by jps3b

I know, but...


@jps3b

What's not love

[peterpl]

PM is getting further and further out of reach of many now. I'm even triple thinking my next purchase as well.

ADs not giving discounts + prices increased at Grays so PM pieces are also alot more expensive. Maybe the YM not so much because its less popular but the rest of the models have increased.

Not many complaints about PM price increases because probably only a small percentage of ppl are buying anyway.

[jps3b]

Originally Posted by HONDABBQ

So if I go in and just blatantly ask for a discount and they say no, then I proceed to tell them that its not worth the MSRP due to the actual cost of materials in the actual piece, I can then hope for a larger discount?



Sure Ill see how that goes.

Originally Posted by siempreko

I would respectfully disagree with your statement, that this is not relevant input. If you are attempting to be an effective negotiator, then this “talking point” could be very useful. It would allow the seller to see that you are interested in the piece, but you have a rational/logical reason for not paying MSRP.

If you believe that negotiating is simply asking for a discount and waiting for the response, then I could understand why you might not find this information to be helpful.


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Couldn’t agree more OP. You just destroyed his argument!


@jps3b

[siempreko]

Originally Posted by jps3b

Couldn’t agree more OP. You just destroyed his argument!


@jps3b

But I did the discount! Thank You!


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[Tonyfsu21]

Originally Posted by siempreko

I would respectfully disagree with your statement, that this is not relevant input. If you are attempting to be an effective negotiator, then this “talking point” could be very useful. It would allow the seller to see that you are interested in the piece, but you have a rational/logical reason for not paying MSRP.

If you believe that negotiating is simply asking for a discount and waiting for the response, then I could understand why you might not find this information to be helpful.


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So your gonna go in there w/ that rationale & expect them not to laugh you out the door? Everyone knows there’s not $36,000 worth of gold in a PM sub but it’s a luxury good and that’s the price!! Good luck

[siempreko]

Originally Posted by Tonyfsu21

So your gonna go in there w/ that rationale & expect them not to laugh you out the door? Everyone knows there’s not $36,000 worth of gold in a PM sub but it’s a luxury good and that’s the price!! Good luck

Obviously, that is not the only information that I would walk into a negotiation with. But, it not an irrelevant piece of knowledge.


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[jps3b]

Originally Posted by siempreko

But I did the discount! Thank You!


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I don’t understand your comment. Apologies if you are ESL


@jps3b

[jps3b]

Originally Posted by siempreko

Obviously, that is not the only information that I would walk into a negotiation with. But, it not an irrelevant piece of knowledge.


Sent from my iPhone using Tapatalk

Originally Posted by Tonyfsu21

So your gonna go in there w/ that rationale & expect them not to laugh you out the door? Everyone knows there’s not $36,000 worth of gold in a PM sub but it’s a luxury good and that’s the price!! Good luck

Not only is that argument irrelevant, like Tony commented, it’s laughable. I discourage anyone trying to get a discount with that argument to think twice before embarrassing themselves.


@jps3b

[goodolejr]

Originally Posted by squatchy

This may have been the case two years ago, but expecting this is becoming unrealistic. Rolex is closing doors right and left... cross-shipping to free up $20K is NOT in the AD's best interest.

How exactly do grays get their inventory then?

[Tommy Smokeshow]

WOW someone pointed this out earlier responds let me tell you canada esspecially toronto market is crap no discount on anything, ive bought like over 10 watches and recently all im able to get is a free umbrella and maybe a box of chocolate... this is garbage... please some back up my example here!!!

[SN13]

The price of a 116655 wouldnt be so ridiculous to me on a bracelet. But rubber?

[Gaijin]

Oh, the good old days. Discounts.

[Fleetlord]

Why should the AD discount?

There aren't any "unloved" Rolex Classic and Professional references any longer..

Every Rolex that the AD has in stock is special and the AD is fortunate to have available for sale.

Why isn't the full price, the fair price?

[mjr24]

Yeah I never get the whole argument about there is only so much worth of gold in a watch and thus it shouldn’t sell for so much. We pay a markup on every single thing we consume from gas to soda. The markup goes directly into someone’s pocket as profit.

[joli160]

Originally Posted by SN13

The price of a 116655 wouldnt be so ridiculous to me on a bracelet. But rubber?

Not rubber but an Oysterflex, titanium blades with a rubber top justifies that easy

[Batmannr1]

In NW-Europe there are PM sport models available. This does not apply for the new Basel models. You can not get double digit discount from ADs directly. But there is a backdoor option. You can order a PM sport model via a grey and get the watch of the AD with discount of 15-20%.

[HONDABBQ]

Originally Posted by SN13

The price of a 116655 wouldnt be so ridiculous to me on a bracelet. But rubber?

When you look at a reference that has an oyster option and the same reference on a bracelet there is a 10k+ difference. The OF is a bargain.

[bezler]

Originally Posted by HONDABBQ

So if I go in and just blatantly ask for a discount and they say no, then I proceed to tell them that its not worth the MSRP due to the actual cost of materials in the actual piece, I can then hope for a larger discount?

Sure Ill see how that goes.

He tried to help you, but you didn't quite get it. That's too bad, because you seem to be interested in acquiring a PM piece. Why not open your mind a bit?

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[brandrea]

Originally Posted by Fleetlord

Why should the AD discount?

There aren't any "unloved" Rolex Classic and Professional references any longer..

Every Rolex that the AD has in stock is special and the AD is fortunate to have available for sale.

Why isn't the full price, the fair price?

Couldn’t agree more

IMO tightening up on discounts is good for the brand.

[HONDABBQ]

Originally Posted by Fleetlord

Why should the AD discount?

There aren't any "unloved" Rolex Classic and Professional references any longer..

Every Rolex that the AD has in stock is special and the AD is fortunate to have available for sale.

Why isn't the full price, the fair price?

I have read your thoughts on this before in multiple threads and respect them but to that comment I will reply this..........I don't pay full price for anything. Houses, cars, electronics, watches. I will not pay full price for this or any other large ticket item im infatuated with.

[justdate]

Originally Posted by peterpl

PM is getting further and further out of reach of many now. I'm even triple thinking my next purchase as well.



ADs not giving discounts + prices increased at Grays so PM pieces are also alot more expensive. Maybe the YM not so much because its less popular but the rest of the models have increased.



Not many complaints about PM price increases because probably only a small percentage of ppl are buying anyway.

I have definitely noticed this. Back in 2013, a PM was almost just an ‘upgrade’ to the SS or TT model, especially at secondary prices. Just add a few grand and get full gold. It’s a totally different animal now with PM prices many multiples of SS/TT.



My most recent purchase of a RG GMT actually made me stop to think for a minute, that’s a lot of money for a GMT. The only saving grace was that they added a BLRO at retail which in effect is an implied discount of £6k or so.



2013 - £13k





2018 - £28k

[Fleetlord]

Originally Posted by HONDABBQ

I have read your thoughts on this before in multiple threads and respect them but to that comment I will reply this..........I don't pay full price for anything. Houses, cars, electronics, watches. I will not pay full price for this or any other large ticket item im infatuated with.

Understood and that is a solid principle to live by...

So then in regards to Rolex, you would need to consider pre-owned or a different and more poorly marketed luxury watch brand that needs discounting to be viable in the market...