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29 October 2019, 10:09 AM | #1 |
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Join Date: Sep 2012
Location: USA
Watch: Lots
Posts: 4,595
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Is this an AD conflict of interest?
I will start by saying that I am a watch collector, not a watch investor. Anyone who has seen my posts over and over knows I am in it for the interest in watches, not my savings account. This is not about market prices per say, just something I recently began giving more thought to.
Some AD’s sell used watches, and some don’t. For the ones who don’t, that I know of....they will still take certain watches on trade, but then wholesale them. For those who sell used watches, I recently began wondering if there is a conflict of interest. I was in an AD last week and they had a “used” BLNR....for $13,500. I found this interesting because I thought to myself, why would they EVER sell a new one...so long as the price of used is higher than MSRP? You follow? This is a new thing for Rolex with the exception of the occasional steel Daytona back in the day. I realize MSRP is “suggested”, but I know this dealer doesn’t sell new pieces above that....makes you wonder.... I’m not saying it’s wrong, and I assume Rolex doesn’t care, just makes you think about the fact that anytime they sell a steel Rolex for MSRP they are literally giving away potential profits. We know that many dealers are making money on grey market/back door deals, but this is a very in your face way of doing it. Just thinking...
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