Watchfinder Not Wanting Hot Stock

[jaydav2306]

Saw an interesting youtube video about WF in the UK refusing to offer prices for ceramic Daytonas despite having what looks like none to very little in stock.

Feels to me like they have plenty in stock but maybe trying to create artificial demand... normally they would at least offer some kind of low ball offer.

[padi56]

Who really cares while promoting with these types of posts we will never get back to normal only make grey market stronger.

[Henrimontgomery]

They reached out to me recently for a specific model I quoted a few weeks ago. I often time probe them to adjust my insurance policy, and funnily enough, they sent an unsolicited message asking me if a higher quote would interest me.

[mquarter]

Daytonas are a cash-heavy item and the price is rising weekly, maybe they're a bit low on cash right now.

[Sandpit]

Originally Posted by mquarter

Daytonas are a cash-heavy item and the price is rising weekly, maybe they're a bit low on cash right now.

Could be, but also could be that they're not actually finding any "real" buyers for these at current prices which would add weight to a common argument we see here that prices are often inflated because of inter-dealer trading.

I wouldn't have thought cash would be a major issue for WF really.

[GB-man]

For companies like this watches are like stocks in a balanced portfolio. When a position goes up in value substantially you need to rebalance its % of portfolio value by selling down the shares (watches).

They probably have a lot of them and intend to sell some before adding any. I also agree there may be less buyers at this price.

[Srct]

They are owned by Richemont now so pretty sure they will have the money

[Wing-Co]

Decent offer and follow-up on my 2018 GMT last week, so they're still looking.

[SamArj]

It can change week by week. Friend had a hot watch rejected and three weeks later when he asked for another quote they offered him a healthy premium above rrp

[SamArj]

Originally Posted by padi56

Who really cares while promoting with these types of posts we will never get back to normal only make grey market stronger.

You seem to post in a lot of threads that you have no interest in or don't care about.
Either you do care or you're just giving yourself high blood pressure for no good reason.

Why don't you just ignore these threads rather than replying to virtually each and everyone to say that you aren't interested?

[Srct]

Hmm I think Peter may have earned the ‘right’ to comment on what he feels fit too - I think he is a Mod and if you look more carefully at his vast postings his actual contribution to the forum is considerable -sure he doesn’t need me defending him but his posts seem to be his opinion on the watch’s and the situation rather than personal advice like you last one

[Tools]

Watchfinder has probably noticed that there are a lot of folks who are selling and want "top dollar" to cash-in, while there are fewer who are actually buying at that price point.

It isn't a good business model to buy high on a few pieces that won't actually return a reasonable profit right away.

[Jacobson]

I requested a quote for what would be considered a hot piece, WF sent me a quote within 5 mins. It was lower than what I was expecting, but is almost two times the RRP (MSRP) when initially purchased back in 2020.

[TimepieceRPP]

Originally Posted by Jacobson

I requested a quote for what would be considered a hot piece, WF sent me a quote within 5 mins. It was lower than what I was expecting, but is almost two times the RRP (MSRP) when initially purchased back in 2020.

yes. it was some kind of automated emails and the sales came back to me about the price and offered higher.

[asiparks]

Originally Posted by Tools

Watchfinder has probably noticed that there are a lot of folks who are selling and want "top dollar" to cash-in, while there are fewer who are actually buying at that price point.

It isn't a good business model to buy high on a few pieces that won't actually return a reasonable profit right away.

^ This^

People looking to sell their Daytonas & seeing the current pricing on the secondary market websites are probably wanting something close to that.
Watchfinder may be finding that the pool of buyers at those prices is dwindling so simply don't want to haggle with unreasonable expectations of sellers or let on that they might soon be adjusting prices downwards to shift inventory.

Nearly every available Daytona is coming from a grey. It's very hard to find private individuals selling - If I were lowballed by a grey, I'd add split the difference between their offering and selling price and try to shift it myself leading me to wonder if private seller prices might be a more accurate gauge of where the market realistically is.
Unfortunately not enough of them to really tell.

[Flint]

Originally Posted by padi56

Who really cares while promoting with these types of posts we will never get back to normal only make grey market stronger.

[rootbeer7]

Perhaps someone realised it’s a time only stop watch made of stainless steel produced in thousands!!

[RoyalOac]

they dont want it because the 41mm Daytona is coming out

[jb335]

Originally Posted by RoyalOac

they dont want it because the 41mm Daytona is coming out

That’s actually the best reason to get a current Daytona!




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[3sheets86]

They’ll make an offer 126710 BLRO but not 126610LN’s.

[Yas.2k]

Originally Posted by 3sheets86

They’ll make an offer 126710 BLRO but not 126610LN’s.

What did they offer you for it?

[3sheets86]

Originally Posted by Yas.2k

What did they offer you for it?

£14,750 for a BLRO and said that they already have a large stock of 126610LN's so declined to make an offer.

[op41gottacatchemall]

yea not sure I agree they offered me £9500-10000 for my OP41 green

[X E L O R]

Some time ago they had a Daytona I wanted priced at 15k and they was selling BLNRs for the same money… so I asked for a trade, they offered me £9k and said it would be more but they had over 90 in stock!!! Yes 90!!!


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[Yas.2k]

Originally Posted by 3sheets86

£14,750 for a BLRO and said that they already have a large stock of 126610LN's so declined to make an offer.

Ta

[Xtralarg]

The answer is simple. Don't buy from these con men, don't sell to them either.

They exploit on both sides of the trade, it's beyond me why people just can't see it for themselves.

[Mnk47]

They have just sold their panda they had , went whilst still on as pre sale. I enquired £38,995… went instantly, crazy

[Nairn1980]

Originally Posted by jaydav2306

Saw an interesting youtube video about WF in the UK refusing to offer prices for ceramic Daytonas despite having what looks like none to very little in stock.

Feels to me like they have plenty in stock but maybe trying to create artificial demand... normally they would at least offer some kind of low ball offer.

Must have been a minor blip or fake news.
They’re giving great offers just now.

[Xtralarg]

Originally Posted by Mnk47

They have just sold their panda they had , went whilst still on as pre sale. I enquired £38,995… went instantly, crazy

Its still for sale

[Mnk47]

I stand corrected. It went last time I looked. 116520 + £19k … a bridge , or two too far