Pricing is out of control... real or...

[Anestheticsaregood]

Is the actual selling prices much lower? For example I'm looking at govberg pre owned and they have a 16610LV asking 13,950. They have a BLNR asking $1k about retail. There is lots of talk of the current LV being sold at a premium... not to mention the asking prices for SS sky dwellers... or the prices of five digit Pepsi/coke GMT. What's going on? I can maybe understand the pieces no longer in production in great condition having a premium but a used BLNR asking over list? Does govberg have to pay for that new office they opened and are they getting "creative" with these prices or are these starting points?
Same goes for Sky D. Asking price is around 21k... are they actually moving/going to move?!

Market just seems crazy right now! What is driving these prices on a good that isn't necessarily "rare"
And is it going to have a hard correction a la Porsche 911R after the release of GT3 with touring package?

[watches4me]

Originally Posted by Anestheticsaregood

Is the actual selling prices much lowe?. For example I'm looking at govberg pre owned and they have a 16610LV asking 13,950. They have a BLNR asking $1k about retail. There is lots of talk of the current LV being sold at a premium... not to mention the asking prices for SS sky dwellers... or the prices of five digit Pepsi/coke GMT. What's going on? I can maybe understand the pieces no longer in production in great condition having a premium but a used BLNR asking over list? Does govberg have to pay for that new office they opened and are they getting "creative" with these prices or are these starting points?
Same goes for Sky D. Asking price is around 21k... are they actually moving/going to move?!

Market just seems crazy right now!

I'm not sure those are real prices to be honest.

I know of a pre owned BLNR, few months old that isn't that price.




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[watches4me]

Originally Posted by Anestheticsaregood

Is the actual selling prices much lower? For example I'm looking at govberg pre owned and they have a 16610LV asking 13,950. They have a BLNR asking $1k about retail. There is lots of talk of the current LV being sold at a premium... not to mention the asking prices for SS sky dwellers... or the prices of five digit Pepsi/coke GMT. What's going on? I can maybe understand the pieces no longer in production in great condition having a premium but a used BLNR asking over list? Does govberg have to pay for that new office they opened and are they getting "creative" with these prices or are these starting points?
Same goes for Sky D. Asking price is around 21k... are they actually moving/going to move?!

Market just seems crazy right now! What is driving these prices on a good that isn't necessarily "rare"
And is it going to have a hard correction a la Porsche 911R after the release of GT3 with touring package?

I also know of a steel Sky that isn't what your claiming.


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[jrs146]

Prices seem pretty crazy to me also. I've seen the same upward trend you have described.


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[rtalk]

Don't pay 1K over retail for a BLNR. Wempe on Fifth Ave in NYC sells them for retail without a waiting list. I randomly called them and they held the Batman for me for 24 hours. I'm sure for other trendy watches like hulks, it'll be the same deal there.

I think if you look around enough, at least stateside, you can find what you need at retail (except SS c Daytona)

[AK797]

UK's Priceitis disease is contagious, everyone's getting it now.

[GB-man]

It's nonsense. Your senses are correct.

Im a fan of Govberg for new pieces but their preowned prices are frankly laughable.

The whole watch market is a mudslide if you ask a me. A few houses still on the cliff and sellers have priced in the rarity of the view.

[Anestheticsaregood]

Originally Posted by gb-man

it's nonsense. Your senses are correct.

Im a fan of govberg for new pieces but their preowned prices are frankly laughable.

The whole watch market is a mudslide if you ask a me. A few houses still on the cliff and sellers have priced in the rarity of the view.

😂😂👌🏻

[bayerische]

Originally Posted by GB-man

The whole watch market is a mudslide if you ask a me. A few houses still on the cliff and sellers have priced in the rarity of the view.

Yup!

This kettle is burning so hot with no safety valve.

It's amazing how pro-sellers defend and "up" the hype of their watches. "Firm price rise year by year for this model", "rare" (on a date sub) etc... I'm sure if these types of advertisements for some other products, say cars, real estate or stocks/bonds would be the same a law-suit would soon follow.

[Nairn1980]

Originally Posted by AK797

UK's Priceitis disease is contagious, everyone's getting it now.

Haha my thoughts exactly....sounds like the UK

[SubCfan]

Bought a pre owned BLNR two weeks ago from AD box/papers for $7500

[watches4me]

Originally Posted by SubCfan

Bought a pre owned BLNR two weeks ago from AD box/papers for $7500

That's a dang good price, wow !!


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[SubCfan]

Originally Posted by watches4me

That's a dang good price, wow !!


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Yes, at least $500 under value! They were asking $7900 but I had purchased a few watches from them in the past.

[GradyPhilpott]

Originally Posted by SubCfan

Bought a pre owned BLNR two weeks ago from AD box/papers for $7500

Originally Posted by watches4me

That's a dang good price, wow !!


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Really.

[Ruud Van Driver]

Originally Posted by SubCfan

Bought a pre owned BLNR two weeks ago from AD box/papers for $7500

Wow, I sold my three-year old one to a dealer here in Singapore for more than that.

[tgibbs]

Originally Posted by SubCfan

Bought a pre owned BLNR two weeks ago from AD box/papers for $7500

I'm shocked. Thats a VERY good price.

[uansari1]

Govberg is a steaming pile of sh!t if you're looking at anything that's pre-owned. Just stick to Trusted Sellers here...much better pricing, even if it takes them a week or two to source what you want.

[Anestheticsaregood]

Originally Posted by uansari1

Govberg is a steaming pile of sh!t if you're looking at anything that's pre-owned. Just stick to Trusted Sellers here...much better pricing, even if it takes them a week or two to source what you want.

I agree and I'm not in the market for anything right now as I just got a SS blue sky d (at retail from an AD). Just making sure I'm not the only one crying BS

[tng11]

Originally Posted by uansari1

Govberg is a steaming pile of sh!t if you're looking at anything that's pre-owned. Just stick to Trusted Sellers here...much better pricing, even if it takes them a week or two to source what you want.

100% agree on Govberg... One example I've been following is they're asking a 20% premium over list on a used AP 15202. They had it at a mere 15% premium over list last month, and lo and behold, it didn't sell, so they decided to jack the price up even further. All when a TS recently sold one at 5% under list price, which is still a big fat 20% increase from what pre-owned was going for a year ago.

[SubCfan]

I also have to laugh when I go into tourneau and I ask "how much is that late 90's Submariner without papers"?
Answer: $7900
Me:

[uansari1]

Originally Posted by SubCfan

I also have to laugh when I go into tourneau and I ask "how much is that late 90's Submariner without papers"?
Answer: $7900
Me:

Seems like the Subs have jumped in the past 3-4 months, no? I remember Sub Dates running mid 5s, and now SubND are that much and SubD are running over 6k...

[antoflo]

Originally Posted by SubCfan

I also have to laugh when I go into tourneau and I ask "how much is that late 90's Submariner without papers"?
Answer: $7900
Me:

I am sure they still find walk-in clients who think they got a great deal.

[SubCfan]

Originally Posted by antoflo

I am sure they still find walk-in clients who think they got a great deal.

Yup, they'll look at new ones for $8550 and think they are getting a good deal at $7900 used!

[enginerd]

Originally Posted by SubCfan

I also have to laugh when I go into tourneau and I ask "how much is that late 90's Submariner without papers"?
Answer: $7900
Me:

Last time I was in Vegas, Tourneau at Caesars was asking $8500 for a 2000-ish 16600, watch only as well. I told them I could get the 116600 for that, and they said "no way, those are $11k at least." I smiled and walked away. Maybe I should have sold them my 16600 I was wearing at the time. They would have probably told me my complete set was only worth $4k since it has the 'old' tritium dial.

It was the same thing at the Pawn Stars shop. Beat up over polished 16610 for $7500. Um...no.

[karmatp]

I honestly think buyers have lost their mind as well. I would never pay over MSRP for anything, never mind a watch.

I would also never pay over MSRP for the older 5 digit models. I owned them all over the years and they were not worth MSRP back then, never mind what crazy guys are paying these days.

[TerranceClothtowel]

I feel like 6 months ago brand new 114060s were offered by trusted sellers for $6500-6750 and now I see some at full MSRP or even $50 higher than retail.

Same with the 116610LV. Used to see it for a few hundred under MSRP and now it's a few hundred over MSRP.

Is there seasonality in the demand? What could be causing a large price swing in a relatively short time period?

[rossi46]

Originally Posted by TerranceClothtowel

I feel like 6 months ago brand new 114060s were offered by trusted sellers for $6500-6750 and now I see some at full MSRP or even $50 higher than retail.

I came here to post the exact same thing. "Trusted Seller" pricing has become absurd. I bought my 114060 <6 months ago at $1k below retail and now the going rate is full retail. So in such a short time period the market has moved that much?!

Really turns me off to the whole watch world. I think I'm done for a while...

[porschejeff]

Originally Posted by TerranceClothtowel

I feel like 6 months ago brand new 114060s were offered by trusted sellers for $6500-6750 and now I see some at full MSRP or even $50 higher than retail.

My brother picked up a BNIB 114060 at his AD in Atlanta as a gift for his college grad son for less than I could find one for with our trusted sellers here. He had it shipped to me to avoid the sales tax and was in town to pick it up.

[machob55]

I'm seeing SS SkyD going for 4 to 5 thousand over the Rolex price of $16995. That's crazy. I'll wait to buy it on the grey market...

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[kdphan]

Prices are controlled by a few trusted sellers