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vman · 19 February 2008, 05:52 AM

I know an AD who has some SS Daytona in stock. They won't sell it unless you buy some stuff from them. I was thinking of getting a GMT IIc + some jewelry all worth around $12K. If I can get Daytona from these guys and the re-sell it for small profit (to cover the tax on the watch + a hundred or two for me), would this be shady?

SPACE-DWELLER · 19 February 2008, 05:59 AM

Well, lots of people do that. It would be your watch, so you are entitled to do with it whatever you like

vh_bu98 · 19 February 2008, 06:02 AM

There's nothing shady on what you are proposing. I just think it's unfortunate that you just want to buy one to flip it instead of wanting it to wear it.

crimscrem · 19 February 2008, 06:04 AM

Quote:

Originally Posted by vh_bu98

There's nothing shady on what you are proposing. I just think it's unfortunate that you just want to buy one to flip it instead of wanting it to wear it.

I would be surprised if $12,000 did the trick.

fear · 19 February 2008, 06:05 AM

I hear that happens. Silly.

marshallr47 · 19 February 2008, 06:10 AM

Not shady at all. If you can make some money on the deal then do so. The demand for that watch allows for the higher resale value. Although a lot of people on this forum would not spend more than MSRP for the Daytona. I paid more than MSRP for mine. I guess I'm just crazy. Good luck.

llamaofdoom · 19 February 2008, 06:16 AM

It's done all the time...and there is nothing shady about it. Last time I checked, our society was still capitalistic, not socialistic/communistic...so if you're in a position to get a steel Daytona and can make a few $ on it, then do it.

Let someone who's willing to spend $20K with the jeweler to get the watch (your $12K of other purchases + the cost of the Daytona) cast the first stone at you for flipping the watch. And if they don't have the coin to take advantage of the situation as you can...well, that's capitalism isn't it?

HYDROMAROC · 19 February 2008, 06:59 AM

What's shady is the AD holding the Daytona ransom till you pledge your allegiance to them by buying other items first....

f16570 · 19 February 2008, 07:02 AM

Totally agree with Hydromaroc.
If the dealer won't sell at MRSP I would not be buying from him.

GoldenBear · 19 February 2008, 07:03 AM

All of that for a couple of hundred dollars, even several hundred dollars? Hmmm, doesn't seem worth it to me...To each his own.
Besides, if you spend $20K, you'll pay almost $1,700 in sales tax. That would really cut into your "profit".

kingblackbolt · 19 February 2008, 07:03 AM

Shady is AD's holding back on selling watches to artificially inflate the aftermarket prices and demand... once you buy it you can do whatever your heart desires... you paid for it right?

Art 1 · 19 February 2008, 07:17 AM

Quote:

Originally Posted by vman

I know an AD who has some SS Daytona in stock. They won't sell it unless you buy some stuff from them. I was thinking of getting a GMT IIc + some jewelry all worth around $12K. If I can get Daytona from these guys and the re-sell it for small profit (to cover the tax on the watch + a hundred or two for me), would this be shady?

No it's not shady, but I wouldn't do it.

JJ Irani · 19 February 2008, 07:23 AM

Quote:

Originally Posted by vman

I know an AD who has some SS Daytona in stock. They won't sell it unless you buy some stuff from them. I was thinking of getting a GMT IIc + some jewelry all worth around $12K. If I can get Daytona from these guys and the re-sell it for small profit (to cover the tax on the watch + a hundred or two for me), would this be shady?

Now what, may I ask, is so "shady" about a guy who can so openly ask such an honest question?

May I shake your hand, sir?

Tools · 19 February 2008, 08:26 AM

There is absolutely nothing wrong with buying a product and turning around and selling it for a profit if the market is there..

What I think is shady is AD's salesman selling Daytonas out the back door to a shill at MSRP, and then those in concert with them, selling at a greatly inflated price and splitting the profit.. (If that really does happen)

My AD has a floor of 100k to get on their anointed list..

redshirt1957 · 19 February 2008, 08:30 AM

Shady? Making a buck legally is a long time honored profession. Got to take care of the family. A Rolex watch ain't no kidney.

Chris B · 19 February 2008, 08:35 AM

But you've got to want the jewellery & other stuff (at the exorbitant retail mark-up) otherwise there's really no point besides you'd have acquired a quickie Daytona that you want to sell

DS/B MINI S · 19 February 2008, 08:52 AM

No, this is not shady. As a matter of fact, I'd be looking to make more than a few hundred bucks

vman · 19 February 2008, 09:12 AM

I am not getting the other stuff just to get a Daytona. I need a couple of platinum wedding bands and I could probably use a GMT-IIc as well :) So, it is not like I am going out of the way to get a Daytona to just flip it. My question was more of the ethical kind. If I have a chance to get it, then why not? I think that people here answered my question already. If this happens, I'll make sure that I am not in red.

I will see what my bottom line looks after taxes and other stuff :)

Bobareno · 21 February 2008, 05:45 AM

Once you buy it, it's your to do with as you like. If you can sell it and make some money why not!

veilstylez · 21 February 2008, 06:39 AM

If you get the Daytona for list price..you should be able to make a couple of grand on it. That should offset the price for the GMTc and jewerly a little....I would do it all day long. Nothing shaddy about it at all. The AD actually deserve it for holding it ransom like that.

19 February 2008, 05:52 AM	#1
vman 2024 Pledge Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,230	Is this idea shady? I know an AD who has some SS Daytona in stock. They won't sell it unless you buy some stuff from them. I was thinking of getting a GMT IIc + some jewelry all worth around $12K. If I can get Daytona from these guys and the re-sell it for small profit (to cover the tax on the watch + a hundred or two for me), would this be shady?

19 February 2008, 05:59 AM	#2
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	Well, lots of people do that. It would be your watch, so you are entitled to do with it whatever you like __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

19 February 2008, 06:10 AM	#6
marshallr47 "TRF" Member Join Date: Oct 2006 Real Name: Ron Location: Alabama Watch: Daytona,TT Sub,GMT Posts: 4,673	Not shady at all. If you can make some money on the deal then do so. The demand for that watch allows for the higher resale value. Although a lot of people on this forum would not spend more than MSRP for the Daytona. I paid more than MSRP for mine. I guess I'm just crazy. Good luck. __________________ Ron

19 February 2008, 07:02 AM	#9
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	Totally agree with Hydromaroc. If the dealer won't sell at MRSP I would not be buying from him. __________________ Why have what's new when you have what's best. f

19 February 2008, 07:03 AM	#10
GoldenBear "TRF" Member Join Date: Jun 2007 Location: San Francisco Watch: Submariner Posts: 2,480	All of that for a couple of hundred dollars, even several hundred dollars? Hmmm, doesn't seem worth it to me...To each his own. Besides, if you spend $20K, you'll pay almost $1,700 in sales tax. That would really cut into your "profit". __________________ ____________________________________________ Rolex Blue TT Submariner Rolex SS Submariner Breitling Emergency Mission They are just watches, wear 'em. ____________________________________________

19 February 2008, 06:02 AM	#3
vh_bu98 "TRF" Member Join Date: Nov 2006 Real Name: Vu Location: Dallas area Watch: Platinum YM Posts: 2,646	There's nothing shady on what you are proposing. I just think it's unfortunate that you just want to buy one to flip it instead of wanting it to wear it.

19 February 2008, 06:05 AM	#5
fear "TRF" Member Join Date: Feb 2007 Location: Mililani, Oahu Posts: 1,307	I hear that happens. Silly.

19 February 2008, 06:16 AM	#7
llamaofdoom Member Join Date: Sep 2007 Location: Georgia Posts: 417	It's done all the time...and there is nothing shady about it. Last time I checked, our society was still capitalistic, not socialistic/communistic...so if you're in a position to get a steel Daytona and can make a few $ on it, then do it. Let someone who's willing to spend $20K with the jeweler to get the watch (your $12K of other purchases + the cost of the Daytona) cast the first stone at you for flipping the watch. And if they don't have the coin to take advantage of the situation as you can...well, that's capitalism isn't it?

19 February 2008, 06:59 AM	#8
HYDROMAROC "TRF" Member Join Date: Aug 2007 Location: SAN DIEGO, CA USA Watch: me pass... Posts: 1,111	What's shady is the AD holding the Daytona ransom till you pledge your allegiance to them by buying other items first....

19 February 2008, 07:03 AM	#11
kingblackbolt "TRF" Member Join Date: Nov 2005 Real Name: Ren Location: Toronto On Canada Posts: 1,886	Shady is AD's holding back on selling watches to artificially inflate the aftermarket prices and demand... once you buy it you can do whatever your heart desires... you paid for it right? __________________ “Hail to the king, baby" Ash (Army of Darkness 1992)

19 February 2008, 08:26 AM	#14
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	There is absolutely nothing wrong with buying a product and turning around and selling it for a profit if the market is there.. What I think is shady is AD's salesman selling Daytonas out the back door to a shill at MSRP, and then those in concert with them, selling at a greatly inflated price and splitting the profit.. (If that really does happen) My AD has a floor of 100k to get on their anointed list.. __________________ (Chill ... It's just a watch Forum.....) NAWCC Member

19 February 2008, 08:30 AM	#15
redshirt1957 "TRF" Member Join Date: Sep 2007 Real Name: Bubba Location: Bitsyville! Watch: Blue YM today! Posts: 10,053	Shady? Making a buck legally is a long time honored profession. Got to take care of the family. A Rolex watch ain't no kidney.

19 February 2008, 08:35 AM	#16
Chris B "TRF" Member Join Date: Aug 2006 Location: Peterborough Posts: 9,631	But you've got to want the jewellery & other stuff (at the exorbitant retail mark-up) otherwise there's really no point besides you'd have acquired a quickie Daytona that you want to sell

19 February 2008, 08:52 AM	#17
DS/B MINI S "TRF" Member Join Date: Oct 2007 Real Name: Mike Location: Charlotte NC Watch: SD & Exp II Posts: 961	No, this is not shady. As a matter of fact, I'd be looking to make more than a few hundred bucks __________________ 16600 Sea-Dweller 16570 Explorer II (White Dial)

19 February 2008, 09:12 AM	#18
vman 2024 Pledge Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,230	I am not getting the other stuff just to get a Daytona. I need a couple of platinum wedding bands and I could probably use a GMT-IIc as well :) So, it is not like I am going out of the way to get a Daytona to just flip it. My question was more of the ethical kind. If I have a chance to get it, then why not? I think that people here answered my question already. If this happens, I'll make sure that I am not in red. I will see what my bottom line looks after taxes and other stuff :)

21 February 2008, 05:45 AM	#19
Bobareno Member Join Date: Dec 2007 Location: Phoenix Posts: 739	Once you buy it, it's your to do with as you like. If you can sell it and make some money why not!

21 February 2008, 06:39 AM	#20
veilstylez "TRF" Member Join Date: Jun 2006 Location: so cali Posts: 1,253	If you get the Daytona for list price..you should be able to make a couple of grand on it. That should offset the price for the GMTc and jewerly a little....I would do it all day long. Nothing shaddy about it at all. The AD actually deserve it for holding it ransom like that.

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