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Old 8 June 2019, 02:44 AM   #1
maxymax
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Originally Posted by Amg7861 View Post
It’s a free market. OP can do what he likes. Rolex perpetuates the whole situation. It could quite easily ramp up production.


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Or just start selling online and have genuine wait list for high demand models
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Old 8 June 2019, 02:16 AM   #2
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Honestly, this sort of transaction/behavior (since you asked for feedback) is just not worth it to me.

For one, you got a Hublot (albeit at a discount) that is already a dog. I get it wasn't your choice, nor would I begrudge anyone for getting what they want. What I am implying is that while it is a deal in terms of MSRP, it really isn't a "deal." There are many brands wherein you can get substantial discounts.

You asked to see what they had in the safe. I think it is already sort of lame that ADs are socking away un-allocated stainless steel pieces. The Submariner Date should have been on display. It's a chain AD, this behavior doesn't surprise me, but I wonder if there was a list for this reference. Was there a name an AD took down from a customer in good faith and now he moved the Submariner Date which you resold?

Reselling the watch is your right. You bought it. The 116610LN isn't exactly a hot watch. Harder to get these days, maybe. They can still be ordered and purchased at MSRP without too long of a wait. It's not an LV, BLRO, BLNR, etc. For me personally, it's not worth the effort.

At the end of the day, you got your brother a watch he wanted and you made a few bucks. That's awesome. You also could have further strengthened your relationship with your AD at home if you purchased the Hublot from them and you contributed to the problem people have with ADs right now. I know, I know; "don't hate the player, hate the game." I just think you could have got the Hublot at a good price regardless, and isn't that hard to get a 116610LN at MSRP with just a little patience.
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Old 8 June 2019, 02:42 AM   #3
YYR
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You know what drives me crazy? When I go to the grocer and pay 3.99 a pound for tomatoes, then I find out that at the farmers market the grocer pays 1.29 a pound
You know what else drives me crazy? When the real estate agent charges 3 percent when he sells me a house, if that’s not greedy then what is?
How about the plumber? 150 for a 10 minute visit to unclog my toilet, unbelievable!

Instead of whining one day I went down to the market and bought a case of tomatoes at 1.29 a pound, I used a 1/10th of the case and I tried to sell of the rest, one neighbor took a pound , the rest went to waste.

My point is everyone is in business to make money, you can either hop from business to business and say everyone making money off you doing such simple
Things and it’s not fair and try to do everything yourself, or one day you will wake up and realize that yes people are making money off you and if you just let the garbage collector collect the garbage and the plumber fix the drain, you will be a happier person and you’ll have more time to focus on what your good at and make what your good at more profitable.

The grey market guys are in business like any of us, they figured out a way to make it work and make it profitable, any one of us is welcome to figure out what their doing, invest 100’s of thousands and try to make it work, I think we will all quickly realize that we rather just pay the extra $1000 for the sub and enjoy life
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Old 8 June 2019, 02:56 AM   #4
Duey
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Rolex Commodity Trading. It's easier and more profitable then buying Gold, Silver or Platinum. Just beg, or ask, an AD to sell you one of the hard to get models and flip it here for a monster profit.

The new state of Rolex Sport Models - $$$
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Old 8 June 2019, 03:14 AM   #5
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Good moves. I wouldn’t do that to my local AD or an AD that I want to buy from in the future, but to a London AD, why not.


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Old 8 June 2019, 03:22 AM   #6
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I don’t see a problem with it.
It’s yours to keep and do what you want with it- flip it, dive with it, keep it in the safe.


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Old 8 June 2019, 04:48 AM   #7
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I think this is stupid.

And I've passed on watches from AD that I could have made money on.
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Old 8 June 2019, 09:22 AM   #8
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It's nice he offered you the watch, but sad you sold it. Buy the watch because you enjoy it, not for the financial gain. All you did was make it harder for someone else to buy the watch that they want. If the other dealer who you have a good relationship with offered you the watch at such a good price, why go out from under them? You're exactly the type of person that is making it so hard for us to get these watches. Most AD's here in the US try avoid selling to people who are going to immediately sell their newly purchased piece.
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Old 8 June 2019, 11:18 AM   #9
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Buy the watch because you enjoy it, not for the financial gain.

Why?


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Old 8 June 2019, 04:14 PM   #10
theomegaaddict
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It's nice he offered you the watch, but sad you sold it. Buy the watch because you enjoy it, not for the financial gain. All you did was make it harder for someone else to buy the watch that they want. If the other dealer who you have a good relationship with offered you the watch at such a good price, why go out from under them? You're exactly the type of person that is making it so hard for us to get these watches. Most AD's here in the US try avoid selling to people who are going to immediately sell their newly purchased piece.
Lol - i actually told my local dealer how the deal went down he laughed and told me i would have been crazy not to accept the deal as well. He knows ill buy other things from him down the line

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Old 8 June 2019, 09:28 AM   #11
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Welcome to 2019 where buying a hublot and a sub is a good deal!

OP: I am not hating just hilarious where we have ended up. Good on you for saving your mom some coin. A real shame your brother kept the hublot and not the sub. He will regret that in 10 years.
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Old 8 June 2019, 09:31 AM   #12
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If you get worked up over people buying for a dollar and selling for two I hope you don't engage in any capitalistic endeavors to pay your bills or you are a hypocrite or worse.
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Old 8 June 2019, 09:36 AM   #13
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All I could say, The brother knew what he wants and didn’t factor price and depreciation. He will enjoy his watch.
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Old 8 June 2019, 11:26 AM   #14
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The story isn’t really that interesting. This is a watch forum and your post is about making a few $$.
The post is no more interesting than saying “I bought a stock this morning, it went up and the I sold it!” Yay
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Old 8 June 2019, 11:42 AM   #15
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Ok, the OP sold a Subdate for a profit.
Strange that so many are unhappy about his actions when there are sellers with hundreds of similar transactions on TRF every week.
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Old 8 June 2019, 11:59 AM   #16
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Ok, the OP sold a Subdate for a profit.
Strange that so many are unhappy about his actions when there are sellers with hundreds of similar transactions on TRF every week.
Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?
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Old 8 June 2019, 03:27 PM   #17
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Originally Posted by Undefeatable View Post
Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?
Hahaha
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Old 8 June 2019, 07:17 PM   #18
crazymcmichael
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Hahaha
indeed
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Old 9 June 2019, 12:47 AM   #19
SAAS
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Quote:
Originally Posted by Undefeatable View Post
Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?
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Old 9 June 2019, 03:15 AM   #20
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Most of the psychological studies on self gratification - from kids to educated professionals show that respondents express ethical concerns at somebody who has received a windfall and state that they would not duplicate the behaviour. When given the opportunity, they rationalise away their morals and make the grab like most others.

As the saying goes “Always back a horse called self interest”.
Too True!
Quote:
Originally Posted by Undefeatable View Post
Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?


Good Luck to the OP glad he saved a little, and congratulations to your Brother on his graduation gift from Mum, how nice!
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Old 11 June 2019, 04:13 AM   #21
Sublovin
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Originally Posted by Undefeatable View Post
Seriously!

OP - "I got a sub on a bundle and sold it"
Everyone - "F**k this guy!!"

vs.

TRF seller - "I have all the SS sport models, above MSRP, brand new"
Everyone - "We love our Trusted Sellers!"

Nothing against the Trusted Sellers on here, I have done business with a few, but does everyone have Stockholm syndrome with the Trusted Sellers or something?
Definitely no hate, just uninteresting. 6 pages about a guy who flipped a watch
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Old 8 June 2019, 12:02 PM   #22
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To be fair, I am quite sure we are referring to two separate groups of people, so there really isn’t any contradiction in their positions.


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Old 8 June 2019, 12:13 PM   #23
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A few years down the road, I wonder what that Hubot will be worth? I'm sure the return on the Sub would have proven better. What would most people rather have? A legacy watch or a jewelry inspired timepiece.
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Old 8 June 2019, 12:20 PM   #24
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I’m more and more convinced this is how the ADs and Rolex want it. Rolex AD scarcity due to increased demand, and fixed MSRP gives Rolex an opportunity to take care of the ADs in this subtle/not so subtle way, while helping Rolex stretch the demand out longer term due to the perceived scarcity (keeping steel sports out of the display cases)

Whales who buy higher margin items helps jewelers to optimize their 80/20 scenarios.

Hence people constantly telling us there’s no “list”.

Fortunately DavidSW etc allows us to pay a small premium (and no sales tax helps) for most long standing references and so much of Rolex is not totally unobtainable with a bit of work.

But if you’re going to pay $25k for steel sports watch I still say buy an AP or vintage.
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Old 8 June 2019, 12:29 PM   #25
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LOL at all the hypocrites on this thread lambasting the OP. If it wasn’t for capitalism we would not have Rolex or our own money to buy oursvelves Rolexes. Yet everyone is quick to jump on their high horses and throw stones just because the OP is practicing capitalism...

Congrats to you OP. You saw an opportunity and made the most of it. Thanks for sharing your story.
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Old 8 June 2019, 01:08 PM   #26
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I have no issue with this transaction, but the post might as well have been titled, “I bought a Sub Date at MSRP!!”
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Old 8 June 2019, 02:29 PM   #27
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LOL at all the hypocrites on this thread lambasting the OP. If it wasn’t for capitalism we would not have Rolex or our own money to buy oursvelves Rolexes. Yet everyone is quick to jump on their high horses and throw stones just because the OP is practicing capitalism...

Congrats to you OP. You saw an opportunity and made the most of it. Thanks for sharing your story.


I agree the story was worth sharing.

But...
I don’t know that it’s hypocrisy for TRF’ers to say a Hublot is a lesser valued watch than a Rolex. I think most of the critical posts are saying it’s a stupid deal.

Maybe on THF (The Hublot Forum) this story would be universally applauded...but we are in The Rolex Forum so not a big surprise.


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Old 8 June 2019, 04:12 PM   #28
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I agree the story was worth sharing.

But...
I don’t know that it’s hypocrisy for TRF’ers to say a Hublot is a lesser valued watch than a Rolex. I think most of the critical posts are saying it’s a stupid deal.

Maybe on THF (The Hublot Forum) this story would be universally applauded...but we are in The Rolex Forum so not a big surprise.


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Oh I would agree whoke heartedly if i was being forced to buy the hublot.

But since the Hublot was a gift selected by my brother whom despite my best efforts could not be swayed to buying another watch and that watch was to be purchased regardless the fact that i managed to get it for a massive discount at the end is a win for me especially if and when the vat refund hits.

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Old 8 June 2019, 02:05 PM   #29
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Hublot plus bragging about flipping a Sub = tacky x 2

Did you but an Ed Hardy t shirt afterwards?
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Old 8 June 2019, 02:22 PM   #30
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Well played Sir
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