GMT II meteorite crazy grey price

[HypeChaser]

Rolex doesn’t care y’all, they love the supply and demand issues which creates buzz behind there brand.


Same thing Nike and these shoe brands do daily.

[crewsin]

It will sell quick, folks with a good bit of play money and expensive taste want exclusivity to show off to others with a lot of play money, plain and simple. 45k to a millionaire is pocket change. Isn't there a "famous" quote by an old CEO of Rolex or someone like that who was once asked, "How's the watch business?" His reply: "I have no idea, we're in the luxury business."

[LndLord]

Originally Posted by Mystro

At this price point I would have to be done with buying a new Rolex. I love the brand but don’t value them as much as the free market does. I am from the generation of walking in any AD and buying a SS Sub for $3k in the 1990’s. My CHNR may be my last “new” Rolex.

Dont let this bother you. Because at the end of the day if nobody buys it the price will come down. It's the people you're upset with

[enjoythemusic]

Good for DavidSW to offer a Rolex to anyone who wants one. Is your local AD fulfilling your desires?

Was discussing this today at one of my Munich dealers and yes this is the new normal.

If you want to place blame, look at your nearest central bank. No reason to hold currency when it goes down in value 50% in only a decade or two. With vast sums of currency flooding the world economies, the current market of luxury goods is to be expected. It is planned by central banking currency manipulation schemes.

[Oldwoods]

I was at my AD and we were discussing the grey price of the oyster BLNR. They said that one of the reasons I got mine (January 2019) was because they were very confident that I was not going to sell it on. They are correct, the Batman and my other Rolex watches are for my grandsons in the future. Still the potential profits are huge and I can see why it would be so tempting.

[DonBateman]

WHat a joke

[77T]

Originally Posted by Solo118

Not everybody gets this. He did not pay $9k (MSRP price) so for now it is what it is. Somebody is going to pay for the 1st one that can't be had anywhere.

Are you confusing a different model? The new WG BLRO that the OP mentioned is not 9K MSRP.



The one DavidSW has is White Gold and selling for an uplifted % far below the uplift the D500 fetches.




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[TswaneNguni]

Originally Posted by PatronMTL

How do you justify wearing a BLNR you got from your AD when you can profit $16,000 according to his pricing

Absolutely !! Thats my point too .Have one and scared to take it out of the box .Fun isn't it !!??

[johnny.tran1]

those prices are crazy high.

[TswaneNguni]

No stickers ...damn !!

[Solo118]

Originally Posted by 77T

Are you confusing a different model? The new WG BLRO that the OP mentioned is not 9K MSRP.



The one DavidSW has is White Gold and selling for an uplifted % far below the uplift the D500 fetches.




Sent from my iPhone using Tapatalk Pro

Sorry, had the BLNR on my mind from another thread. Still makes sense though that he paid over MSRP to have the first one. People think he is making $10k to his pocket, which is not the case.

[TswaneNguni]

Originally Posted by Lemonvr6

What about the $24,000 BLNR?

I find that one very interesting

[quakeroatmeal]

Originally Posted by Solo118

Sorry, had the BLNR on my mind from another thread. Still makes sense though that he paid over MSRP to have the first one. People think he is making $10k to his pocket, which is not the case.

Either way, let's not pretend like hes not making a pretty penny.

Still greedy af.

[RyanJ]

Ride the wave baby. At these profits. I would flip every watch an AD sold to me.

I had several watches that I bought with huge discounts years ago that recently got sold for massive profits. I am not upset at all. Looks to me like Rolex doesn't care so why should I.

Flip away!

[jlovda]

The only thing a "Trusted Seller" is good for is availability and not selling you a fake watch.

[Alpino]

.

I made some davidsw prices comparisons ... sometime (very little) cheaper , sometime (a lot) more expensive than MSRP

[teqp]

Originally Posted by Alpino

.

I made some davidsw prices comparisons ... sometime (very little) cheaper , sometime (a lot) more expensive than MSRP

Awesome stuff as always, Sir!

At the end of the day I am not mad at the gray dealers. They are in this to make money and if they can capitalize on someone wanting to be the first with a new watch, good for them. That is a crazy mark up for the new BLNR, but I bet someone will buy close to that price so they can brag to their friends about having it first.

[enjoythemusic]

Originally Posted by jlovda

The only thing a "Trusted Seller" is good for is availability and not selling you a fake watch.

That's EVERYTHING i want from a trusted seller. You forgot to mention fast and free shipping btw. Bravo DavidSW for providing an excellent service to true watch enthusiasts when ADs fail to meet the needs of their customers

Another option is to rely on friendly European ADs, plus a nice ~17% discount too! Am so happy to have longtime friends in Europe i can rely on.

To the post below.... Lists are a waste of time, it seems, for ADs like Mayors. Was first to call for a Pepsi literally seconds after it was announced... still waiting. And yes am repeat customer at full msrp on two Rollies and also helped them sell a Tudor Pepsi at msrp to a friend.

[SearChart]

Why does it matter, go on a list at an AD and wait, or spend way more and get what you want in a few days. If money is no issue, why not?

[faz]

Originally Posted by jlovda

The only thing a "Trusted Seller" is good for is availability and not selling you a fake watch.

Well said. I would buy from DavidSW with my eyes closed, won't even take it in for verification to my local shop watch. Will wear it proudly knowing it is genuine and no gimmicks. That confidence is worth some added $$$ in and of itself.

Generally:

An item will sell for whatever a buyer is willing to pay for it.

If you are not willing to pay a certain asking price, don't.

If someone else is willing to pay the said price, what is it to you?

If no one is willing to pay an asking price, it won't stay there and it will come down to where a buyer is willing to pay it.

[Monty22]

Originally Posted by Tampashooter

I love reading all the whining about watches you have no intention of owning, at any price.. If you only knew how much the grays paid for hot items like this...lol

Conversely, where was the outrage when you could save thousands off of retail 3 years ago?

Crickets..........................................

Amen. I would think that most Rolex owners, (using the assumption that they can afford a $10k plus watch without financing it or using purely discretionary dollars) would understand and appreciate the free market system and supply and demand.

In addition, there isn’t really a rational reason to own a Rolex. So, no matter what someone pays for their watch, MSRP or otherwise, if they:

1. Are happy with it
2. Aren’t affecting others negatively with the financial decision

Who cares?


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[TswaneNguni]

Originally Posted by teqp

Awesome stuff as always, Sir!

At the end of the day I am not mad at the gray dealers. They are in this to make money and if they can capitalize on someone wanting to be the first with a new watch, good for them. That is a crazy mark up for the new BLNR, but I bet someone will buy close to that price so they can brag to their friends about having it first.

Love the grey dealers and grey buyers,they keep the value of collections bought from ADs very high.

[RJRJRJ]

Originally Posted by Tampashooter

I love reading all the whining about watches you have no intention of owning, at any price.. If you only knew how much the grays paid for hot items like this...lol

Conversely, where was the outrage when you could save thousands off of retail 3 years ago?

Crickets..........................................

So much this. So many posts along the lines of "So ugly, don't like rubber straps, can't believe the grays are charging so much. They're ruining the hobby..."

At least a post like "damn this sucks, I've been waiting for such and such for over a year and my AD won't even call me back and these gray prices put them out of my budget..." make some sense.

[Jshwarms]

They will go down, this is just the premium to be the 1st guy on the block with the watch

[rmlovett1]

Originally Posted by stylinleems

No one noticed the WG YM he had posted a couple days ago is now sold (I forget the asking price) but it is no longer on the site.

It's a business - supply and demand. He always obtains the rare/new releases and can ask whatever price he wants; does not mean it sold for asking but both sides original buyer and re-seller profit. If there are people willing to pay these outrageous premiums, than his asking or selling prices are working.

Recall last year when he had his hands on the SS BLRO - sold for $23k and someone purchased it (a TRF member).

I definitely won't pay grey prices but some people will and the cycle will continue year after year.

Yes, I do no agree with it but it is what it is. To have bragging rights for wearing the new 2019 release and not waiting for months/years - is important to some. Just my opinion.

Agree

Originally Posted by teqp

Awesome stuff as always, Sir!

At the end of the day I am not mad at the gray dealers. They are in this to make money and if they can capitalize on someone wanting to be the first with a new watch, good for them. That is a crazy mark up for the new BLNR, but I bet someone will buy close to that price so they can brag to their friends about having it first.

Exactly

Originally Posted by SearChart

Why does it matter, go on a list at an AD and wait, or spend way more and get what you want in a few days. If money is no issue, why not?

The simplest way to sum it up

Originally Posted by faz

Well said. I would buy from DavidSW with my eyes closed, won't even take it in for verification to my local shop watch. Will wear it proudly knowing it is genuine and no gimmicks. That confidence is worth some added $$$ in and of itself.

Generally:

An item will sell for whatever a buyer is willing to pay for it.

If you are not willing to pay a certain asking price, don't.

If someone else is willing to pay the said price, what is it to you?

If no one is willing to pay an asking price, it won't stay there and it will come down to where a buyer is willing to pay it.

[brandrea]

Originally Posted by Halifax Daytona UK

$45,000

Not horrible considering it lists for $38500.

[Speedbird-1]

I wonder how the market would go if Rolex doubled their asking prices on the hot watches?

Surely they must be wondering how they can grab some of the grey loot sloshing around.

I realise they (Geneva) don't look as if they need the dough, but it must be galling for them to see the blatant, uncontrolled profiteering on their hard earned reputation.
Shouldn't Rolex be thinking, "people want to pay silly money for our product, so let them pay US the silly money?"
.....or would it just drive prices even further into the stratosphere?

[Keepchasing]

Originally Posted by Lt Virgil Hilts

I wonder how the market would go if Rolex doubled their asking prices on the hot watches?

Surely they must be wondering how they can grab some of the grey loot sloshing around.

I realise they (Geneva) don't look as if they need the dough, but it must be galling for them to see the blatant, uncontrolled profiteering on their hard earned reputation.
Shouldn't Rolex be thinking, "people want to pay silly money for our product, so let them pay US the silly money?"
.....or would it just drive prices even further into the stratosphere?

I'm not sure they care all that much about the missed profits from the grays. I think they like things just as they are. MHO

I instinctively see what you mean, though.

[Talbel]

Originally Posted by SearChart

Why does it matter, go on a list at an AD and wait, or spend way more and get what you want in a few days. If money is no issue, why not?

Exactly this. If someone wants to and can afford to pay the premium, more power to them. Same for the seller. It’s a free market, if David can get the price, good for him. He’s the one who put the $38k out there (assuming $38k). The WG Yacht Master is still on his site, so there is a risk there, albeit a small one in this market.

[Showcall]

Originally Posted by StarryNights

I just saw the GMT II with meteorite dial appear on DavidSW, crazy price!

and it is such an average looking dial..