Prices not dropping?

[gerryb92]

Originally Posted by rolex16

So you would buy a $50k car for $150k and not care?

My point was, that if I cared I wouldn't have bought it at the inflated price in the first place.

My opinion is that you should never buy anything in life that you can't afford to lose money on. That goes for cars, property, watches or even investments like crypto / stocks. Of course, nobody wants to lose value but the risk is always there. Don't spend money you can't afford to lose.

[Patton250]

Originally Posted by rolex16

My point is that people refusing to acknowledge the drop are using David’s prices as gospel and refuse to consider anything else. They use those numbers to rationalize that there is no drop, which is totally untrue.

David’s prices are not in gospel. He’s just the most trusted gray dealer on this forum and one of the most trusted in horology. If I wanted to flip a brand new white dial Daytona I could not get the same price to the end user he could. I know a couple of great grey dealers on this very forum that I trust implicitly that couldn’t either. Although they can get more than me. Understand? It’s not complicated I promise. As soon as people aren’t willing to fork over the cash the prices will drop. That’s the only thing that’s going to cause it to go back to normal. The catalyst for that in my opinion will be as the economy gets worse which it’s well on its way to doing. So cheer up. You’ll have your retail pricing soon enough.

[rolex16]

Originally Posted by Patton250

You seem to be taking this capitalism stuff pretty personally. Why? I can tell you right now people are paying $400,000 for $180,000 Porsche turbo right now. Would I do that? Of course not. Mostly because that kind of money is big-time for me. However if I had $300 million to my name I’m sure I would do it. I would also pay $50,000 for a Daytona if it tickled my fancy. Capitalism sir. It works every time it’s tried.

I was taught overpaying was dumb. I buy low and sell high, not the opposite.

[rolex16]

Originally Posted by Patton250

David’s prices are not in gospel. He’s just the most trusted gray dealer on this forum and one of the most trusted in horology. If I wanted to flip a brand new white dial Daytona I could not get the same price to the end user he could. I know a couple of great grey dealers on this very forum that I trust implicitly that couldn’t either. Although they can get more than me. Understand? It’s not complicated I promise. As soon as people aren’t willing to fork over the cash the prices will drop. That’s the only thing that’s going to cause it to go back to normal. The catalyst for that in my opinion will be as the economy gets worse which it’s well on its way to doing. So cheer up. You’ll have your retail pricing soon enough.

You don’t get it. If you want to buy a Daytona from him for 52k when another proven seller is selling here for 41k, then I can’t help you. I also don’t appreciate your tone. Understand?

[Patton250]

Originally Posted by rolex16

I was taught overpaying was dumb. I buy low and sell high, not the opposite.

Um…….. these are luxury items not stock.

[Patton250]

Originally Posted by rolex16

You don’t get it. If you want to buy a Daytona from him for 52k when another proven seller is selling here for 41k, then I can’t help you. I also don’t appreciate your tone. Understand?

I’m trying to help you here but it doesn’t seem to be working. You seem to be treating Watches as investments like you would a stock or a bond. You’re going to lose your rear end if you look at it that way. I’m trying to tell you that some people would pay the extra 10 K because they know David and trust him. You must try to understand that $10,000 to one person may be like $50 to you and I right? This seems to be a difficult concept for some people but $50 to me is like five dollars to others. That’s the way it works. Anyway I didn’t realize you were coming at this from the investment portfolio angle. In my opinion that’s just silly when we are discussing luxury items. I didn’t buy my wife’s Hermes pocketbook hoping it will increase in value or my latest Ferragamo shoes. Lol I’m out.

[rolex16]

Originally Posted by Patton250

I’m trying to help you here but it doesn’t seem to be working. You seem to be treating Watches as investments like you would a stock or a bond. You’re going to lose your rear end if you look at it that way. I’m trying to tell you that some people would pay the extra 10 K because they know David and trust him. You must try to understand that $10,000 to one person may be like $50 to you and I right? This seems to be a difficult concept for some people but $50 to me is like five dollars to others. That’s the way it works. Anyway I didn’t realize you were coming at this from the investment portfolio angle. In my opinion that’s just silly when we are discussing luxury items. I didn’t buy my wife’s Hermes pocketbook hoping it will increase in value or my latest Ferragamo shoes. Lol I’m out.

I don’t need your help, thanks for the condescension though.

[Mystro]

This topic has jumped the shark tank long ago.

At this point it’s clear it’s all about $money$ and what you can afford to spend or not afford to spend and being offended by diverse value systems outside your own bubble.
Odd it has materialized in a luxury watch forum rather than “Consumer Report” thrift guide to home appliance purchase.


Omega makes a hell of a watch with no waiting and is even a better bargain when purchased after it’s taken it’s first depreciation so no sleep will be lost post purchase on what you spent on a great watch.

[rolex16]

Originally Posted by Mystro

This topic has jumped the shark tank long ago.

At this point it’s clear it’s all about $money$ and what you can afford to spend or not afford to spend and being offended by diverse value systems outside your own bubble.
Odd it has materialized in a luxury watch forum rather than “Consumer Report” thrift guide to home appliance purchase.

Afford to spend? Talk about snobbery.

[Mystro]

Originally Posted by rolex16

Afford to spend? Talk about snobbery.

No, that’s reality for everyone regardless their income. Why would I possibly care how much anyone on this forum pays for a watch? It’s about the watch and not wrapped up in the acquisition. They are adults and know what they can afford to spend with their time and money. And I sure as hell won’t sit back and make sanctimonious comments that they overpaid or they are a fool by having a more extravagant value system on a Rolex forum than what I can fathom. It’s a big world out there.

[rolex16]

Originally Posted by Mystro

No, that’s reality for everyone regardless their income. Why would I possibly care how much anyone on this forum pays for a watch? It’s about the watch and not wrapped up in the acquisition. They are adults and know what they can afford to spend with their time and money. And I sure as hell won’t sit back and make sanctimonious comments that they overpaid or they are a fool by having a more extravagant value system on a Rolex forum.

My original point which has now been lost in all this was simply that people are refusing to acknowledge a price drop by regurgitating David’s website prices only. They have blinders on. Why? If they look no further than the TRF classifieds, they will find much lower prices from known sellers. Now, if you want to pay $11k more than you have to, I can’t help you. But let’s not willfully ignore the obvious.

[fixinbones]

Originally Posted by Goin2drt

No they are not dropping, plain and simple.
https://davidsw.com/shop/watch/rolex...hite-dial-138/

Don’t be foolish. That’s one reference. DSW had a BLRO meteorite recently listed for like $95k and it for a month. It’s now $79k. Prices are coming down but those who think they’ll be able to buy at a boutique at retail in 6mos are delusional.

[rolexpatek363]

Originally Posted by rambo99

is David a trusted seller?

He isn't, and I guess that's why he realised a low price on his 5712G.

This is the point: if you have no reputation, and can't give a guarantee, you have to sell at a lower price than an established dealer. Given that fake watches are currently rife, there's no way I personally would buy from such a person, no matter what "discount" they are offering.

[DocHorton]

Originally Posted by fixinbones

Don’t be foolish. That’s one reference. DSW had a BLRO meteorite recently listed for like $95k and it for a month. It’s now $79k. Prices are coming down but those who think they’ll be able to buy at a boutique at retail in 6mos are delusional.

Yep! Check the classifieds folks, prices dropping like a bad habit.

[rolexpatek363]

Originally Posted by rolex16

My original point which has now been lost in all this was simply that people are refusing to acknowledge a price drop by regurgitating David’s website prices only. They have blinders on. Why? If they look no further than the TRF classifieds, they will find much lower prices from known sellers. Now, if you want to pay $11k more than you have to, I can’t help you. But let’s not willfully ignore the obvious.

I acknowledge a drop of about 5% on certain models, but not the figures you are tirelessly churning out on TRF.

[rolex16]

Let me make this easy for you.

https://davidsw.com/shop/watch/rolex...hite-dial-138/

https://www.rolexforums.com/showthre...light=116500ln

[rolexpatek363]

Originally Posted by rolex16

Let me make this easy for you.

https://davidsw.com/shop/watch/rolex...hite-dial-138/

https://www.rolexforums.com/showthre...light=116500ln

Do we know the cheaper watch is all it seems?

[amh]

Originally Posted by rolexpatek363

Do we know the cheaper watch is all it seems?

What's there to wonder? Both are very 'trusted' sellers here with tons of history. The watch is the same.

[rolex16]

Originally Posted by rolexpatek363

Do we know the cheaper watch is all it seems?

OMG, whatever man…

[rolex16]

Originally Posted by amh

What's there to wonder? Both are very 'trusted' sellers here with tons of history. The watch is the same.

Actually, the cheaper one is newer and looks in better condition!

[DocHorton]

Originally Posted by rolexpatek363

Do we know the cheaper watch is all it seems?

Yes.

[DBCooper07]

The economy is in the gutter.. Anyone notice world markets plummeting?! Pretty soon ADs will be calling the people who actually want the watches because flippers will be out of business. Wait a little long and you'll see AD's offering discounts because who the hell is buying any jewelry when they can't make mortgage payments? Patients is a virtue. Wait

[Mr. K]

Originally Posted by rolexpatek363

Do we know the cheaper watch is all it seems?

The seller has been around for a long time. I'd trust him.

[Watchcollector123]

Someone sure is majorly invested in prices dropping. I hope prices drop just so that he will calm down a bit :-).

[rolex16]

Originally Posted by Watchcollector123

Someone sure is majorly invested in prices dropping. I hope prices drop just so that he will calm down a bit :-).

Invested in the truth, versus the hype propaganda machine.

[sneakertinker]

Originally Posted by Watchcollector123

Someone sure is majorly invested in prices dropping. I hope prices drop just so that he will calm down a bit :-).

Same can be said about others being “majorly invested” in the prices holding strong…To be fair…

[David001]

Originally Posted by rolexpatek363

I acknowledge a drop of about 5% on certain models, but not the figures you are tirelessly churning out on TRF.

Try to sell your PP 5712/1A - the dealer will offer you 35-40% of the current fantasy C24 prices, or they won't buy at all.

Dealers know that Armageddon is coming.

The hype price market --------------> BOOM

[rolexpatek363]

Originally Posted by rolex16

OMG, whatever man…

"whatever man"?

What if it turns out to be a fake or some other type of scam?

[rolexpatek363]

Originally Posted by David001

Try to sell your PP 5712/1A - the dealer will offer you 35-40% of the current fantasy C24 prices, or they won't buy at all.

Dealers know that Armageddon is coming.

The hype price market --------------> BOOM

And that's fine, because as you know I am not selling right now.

[fixinbones]

Threads like this are enough to make you want to puke