EXPOSED - Grey Dealer Spills the Beans on ADs?

[Nikrnic]

Greys must be doing very well now, prices are up. I stopped in to a big time Rolex boutique today and saw the displays emptier than ever, next to nothing. I was speaking with the stores buyer whom I've dealt with before and I was mentioning other brands, he then said,... "Stick with Rolex, the new models will be announced Sept.1st"... as if it were a glimmer of hope on an inventory increase...

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[brucethemanlee]

Originally Posted by DaveDhc

I thought he was reasonable, logical, and polite. He didn't want to be pushed around by someone who had no right to do so. I was actually impressed with how he carried himself. He was fully within his rights to make a video.

i didn't disagree with what he was saying, but to me it just came off all wrong, but maybe that's me

[Wahlberg]

Originally Posted by vh2k

You may have missed that part. The AD offloads a bunch of pieces to brokers, who then sell to a bunch of grey dealers. So, ADs aren’t dealing with other dealers directly. ADs are selling pieces to “customers” (actually independent brokers) who serve as the middlemen to the grey dealers and take a slice of the cut.

The broker gets 10 Daytona's and 100 not so popular models.

He has 10 greys who want to buy from him. Who gets what and how many? Because I never see greys with NEW and not so popular models selling them.

Where do they go?!

[Gwai]

Originally Posted by JRell

Whoever they are, shady ADs, independent brokers, grey dealers, no respect for their devious ways they earn a quick buck. Real class act!

+1

Cheers
Marc

[Gwai]

Originally Posted by Wahlberg

The broker gets 10 Daytona's and 100 not so popular models.

He has 10 greys who want to buy from him. Who gets what and how many? Because I never see greys with NEW and not so popular models selling them.

Where do they go?!

Where do they go? Chrono24?! Mr. Grey won't tarnish the appeal of his show window by displaying those.

Cheers
Marc

[djyolky]

So who's the broker between Davidsw and the AD? Hehe.. Where's Waldo? He must have several smurfs out and about doing his bidding. :)


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[911991]

she should have shot the idiot from the beginning.

[Gwai]

Originally Posted by DaveDhc

I am not obsessed with Rolex and getting them at a reduce AD price.

"At a reduced AD price?" What are you talking about? Reduced from hyper inflated grey prices? Reads kinda twisted, no?

Cheers
Marc

[JRell]

Originally Posted by Gwai

"At a reduced AD price?" What are you talking about? Reduced from hyper inflated grey prices? Reads kinda twisted, no?

Cheers
Marc

I just got a 20% discount for the ceramic white dial Daytona at my AD, was that a decent deal? Lol!

[dricig]

I was looking for the "VOMIT" character but cant find it,

[Gwai]

Originally Posted by JRell

I just got a 20% discount for the ceramic white dial Daytona at my AD, was that a decent deal? Lol!

Suppose it was. Don't know if this reflects my post in any way, though. However... will you get another one at that price and have you always wanted a friend in Germany?

Cheers
Marc

[Sprezzatura!,]

The guy recording was antagonist. Nothing new with today’s on-film culture

Whether anyone agrees or not with the business practice, the owner of the store was very polite and respectful. He took the time to invite him in and explain the reason for the request for no photos.

I would have told someone recording and this self-righteous to f**k off.

[JRell]

Originally Posted by Gwai

Suppose it was. Don't know if this reflects my post in any way, though. However... will you get another one at that price and have you always wanted a friend in Germany?

Cheers
Marc

Yes 100%! I was agreeing with you, there is no AD discount for a the hot watches. Still on the Daytona waiting list and refuse to pay 20k+ for a SS watch worth 13k.

[Gwai]

Originally Posted by JRell

Yes 100%! I was agreeing with you, there is no AD discount for a the hot watches. Still on the Daytona waiting list and refuse to pay 20k+ for a SS watch worth 13k.

Heh heh heh. Did pay my AD another visit yesterday: "My" SA and myself seem to be playing something resembling very basic poker. Still amused here, not getting tired before long.

Cheers
Marc

[djyolky]

Originally Posted by 911991

she should have shot the idiot from the beginning.

You a broker bro?

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[JRell]

Originally Posted by djyolky

You a broker bro?

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Tough guy behind the keyboard I suspect. Should be kicked off for saying that.

[vh2k]

Originally Posted by Sprezzatura!,

I would have told someone recording and this self-righteous to f**k off.

Business owners and people who work in public or customer relations have more common sense than to do something stupid like that, which can easily be shared on social media.

[peterpl]

Originally Posted by Wahlberg

Which pieces are slow moving nowadays?

Every steel watch is sold.
Most gold watches are on order and if it's a Daytona it's sold. DD40 = sold.
Two tone also sells well.

I doubt they have any hard moving pieces besides those really quirky ones but there aren't many of those. Plus I don't see greys with small sized female datejusts for sale, so where do they go?

Pretty much. Every single damn model flys out the door these days.

Crazy market

[djyolky]

Originally Posted by JRell

Tough guy behind the keyboard I suspect. Should be kicked off for saying that.

Really, a poor choice of expressing himself.

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[mitc5502]

Ha! This is the same guy (Diva in Santa Fe) I mentioned in another thread who was very open about being a grey dealer.

https://www.rolexforums.com/showpost...6&postcount=17

Originally Posted by mitc5502

One I actually went in and talked to the owner and he was completely transparent about what he was doing, which was buying watches at MSRP from an AD (or possibly with a middle-man to put some distance between the AD and gray dealer), then selling them in his brick-and-mortar store at a 30% (or more) markup.

[Etschell]

Shocker....not.

[FHFinster]

Good video....Great shirt.




Fin

[DaveDhc]

Originally Posted by Gwai

"At a reduced AD price?" What are you talking about? Reduced from hyper inflated grey prices? Reads kinda twisted, no?

Cheers
Marc

Hyper inflated grey prices ... as a general statement, this is not consistent with my experiences. Both of my brand new, unworn Oyster Perpetual watches were below retail.

[JRell]

Originally Posted by DaveDhc

Hyper inflated grey prices ... as a general statement, this is not consistent with my experiences. Both of my brand new, unworn Oyster Perpetual watches were below retail.

Are you talking about OP39?

[pianomankd]

[mfm22]

I imagine he's afraid of losing his "broker" more than not getting him in trouble

Simply a supply and demand law in play, used to bother me but it's profitable all the way up the ladder .

If the buyer ( end purchase) doesn't mind over paying so be it

Makes me wonder how much Rolex really cares about this practice ?

[DaveDhc]

Originally Posted by JRell

Are you talking about OP39?

No, I have a black dial Oyster Perpetual 34mm which is my favorite watch. I also have a white dial Oyster Perpetual 36mm. The 36mm has double indices at 3, 6, and 9. These double indices are fantastic in various lighting conditions.

By the way, DavdSW has an bunch of DateJust watches which are modestly priced. I certainly wouldn't describe them as over priced at all.

[JRell]

Originally Posted by DaveDhc

No, I have a black dial Oyster Perpetual 34mm which is my favorite watch. I also have a white dial Oyster Perpetual 36mm. The 36mm has double indices at 3, 6, and 9. These double indices are fantastic in various lighting conditions.

By the way, DavdSW has an bunch of DateJust watches which are modestly priced. I certainly wouldn't describe them as over priced at all.

Got it was just curious. Sounds like you made out!

[lamnyc]

Nothing new here. AD sell through the back door for more money. Rolex could ’t care less. Everyone is making money. The only way this will stop is when people stopped paying inflated prices. But that’s not going to happen anytime soon.

[fsprow]

Remember it is Manufacturers SUGGESTED Retail Price, not a fixed price. I believe in some markets Rolex does try to insist that their dealers sell at that price, but not all. The real market price is what is negotiated between a buyer and a seller. One is not entitled to purchase what you want at a given price.