BOB's said no thanks to SD43

[NIHO]

Although I really appreciate my SD43 I have been flirting with selling or trading it as it is just a bit big for my wrist I feel. I asked Bob's for a quote and they replied that they are not interested because they have a large inventory. However, on their website they only show 2 and they are selling them used for over $19k. It seems that they greys are also treating these as commodities. A normal seller would lower the price and sell a full stock, especially if they are asking above market, but they seem to be betting long. This whole thing has gone mad, all while LA police announced recommendation not to wear expensive jewelry due to high thefts, really turning these objects to just "investments".

[JRell]

I don’t think any of these watches should ever be seen as an investment. No one knows where the market will go with them. Especially with the SD43, they are readily available as most want submariners, always has been like this. Try crown and caliber, might have a shot there.

[seabreeze60]

Very interesting thread. Here’s some information from eBay filtering SD43 for sale and sold. 96 are available for sale and 26 sold in the last 90 days. A good ratio.

[swexlin]

I'm waiting on one from my AD, otherwise, I'd make you an offer. GLWS.

[Mystro]

You should look at our trusted sellers as Bob’s watches leaves a lot to be desired. They will come in $5k under everyone else when giving a bid to buy your watch. They are a waist of time.

[OrangeSport]

So do they sit on them and just release a couple for sale at a time...?

[calebb90]

If they offered you top dollar, doubt you’d be complaining about “the madness”.

You can do your part to stop the madness and sell to a friend for what you paid. Or sell to the highest bidder and stop whining.

[GreatScott]

Shhh, you are going to ruin the surprise that watches are not scarce. The influencers are going to get mad.

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[dpt.calvin]

Originally Posted by NIHO

all while LA police announced recommendation not to wear expensive jewelry due to high thefts, really turning these objects to just "investments".

Was this an official statement?

[hutch300]

Bobs has so many watches they list as "excellent" that are way over polished. I would not plan to ever be a customer when there are way better options.

[johnwigan]

Can't complain because they don't want to buy a watch. They may not be able to lower their prices because of the price they paid for their own stock. As the tide turns this will happen more and more. People will find they can't sell for those crazy prices they have seen online, and they think their watch is now worth. As soon as Rolex AD supply returns to normal grey prices will plummet like a stone. What will people pay a reseller for a current model that is available at ADs. Less than RRP. Grey resellers don't want to be caught holding lots of stock that they have to sell off at a loss quickly, before the loss increases. Need to batten down the hatches and get everything shipshape to be able to survive a falling market.

[johnwigan]

Originally Posted by NIHO

A normal seller would lower the price and sell a full stock, especially if they are asking above market

Why not lower your asking price. You can sell today if the price is low enough. I'm sure Bob is doing what he thinks is best for Bob, rather than what suits you.

[AAAAAlex]

I've heard that dealers are getting a lot of fake sell-interest these days from dudes who just get a swell in their pants seeing what someone might pay them for their watch. Maybe they have gotten better at weeding out people who aren't really interested in selling?

[Time Out]

The markets are on a pendulum. This hard swing up will create and equally hard swing down. Houses, Cars, Luxury items.. Everything.

So don't feel bad when you get smoked paying 2-3x MSRP for your Rolex via grey. Your neighbor likely paid 5-15k OVER msrp for his new Kia. The streets will run red.

[Divingdeep87]

Try ask them after watches and wonders

[H25B]

I’ve never paid over MSRP, nor will I ever… The grey market is for those who have to have it now. Which there’s nothing wrong with, unless you expect your piece to always be worth what you paid.

[PepsiBezel]

Originally Posted by mystro

you should look at our trusted sellers as bob’s watches leaves a lot to be desired. They will come in $5k under everyone else when giving a bid to buy your watch. They are a waist of time.

+1

[bluestreak]

Originally Posted by dpt.calvin

Was this an official statement?

Here’s the statement, and they definitely did *not* recommend not to wear expensive jewelry. Just common sense precautions.

https://www.lapdonline.org/newsroom/...ies-nr22081mc/


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[marc12]

Try ewc in boston

[Lamontsanders]

Greys are starting to cool on trades. Seems like the market is slowing down just a little. I’m not proclaiming some massive sell off or dump in prices…but I do think we’ll see some drop in grey prices by summer.

[TimeAZ]

I'm glad you posted this thread. Watches are meant to be worn and enjoyed, NOT treated as an investment to be traded around like stock options. Contrary to what any one says, these are NOT liquid assets.

[77T]

Originally Posted by bluestreak

Here’s the statement, and they definitely did *not* recommend not to wear expensive jewelry. Just common sense precautions.

https://www.lapdonline.org/newsroom/...ies-nr22081mc/


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“Over the last year there has been a marked increase of armed robberies involving victims wearing expensive jewelry while in public. If it is visible, it can be a target,” the LAPD statement said.

So it was don’t wear it, or cover it up if you do. As Summer approaches, and you’re at the beach or out and about or playing sports - how would you cover up a Rolex.

So it comes down to “don’t wear it if it’s visible”. That makes good sense.


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[seabreeze60]

At least with Rolex if you purchase a fairly popular model at MSRP you can enjoy wearing and know you can to sell at your cost should you lose interest.

[bluestreak]

Originally Posted by 77T

“Over the last year there has been a marked increase of armed robberies involving victims wearing expensive jewelry while in public. If it is visible, it can be a target,” the LAPD statement said.

So it was don’t wear it, or cover it up if you do. As Summer approaches, and you’re at the beach or out and about or playing sports - how would you cover up a Rolex.

So it comes down to “don’t wear it if it’s visible”. That makes good sense.


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They didn’t say that. They said “if you are wearing visible jewelry be aware of your surroundings because you could be a target.” Nowhere did they say “don’t wear them”.

If you choose to interpret it that way for you personal behavior that’s totally cool. But let’s not say the “LAPD said not to wear watches or jewelry in public,” because they definitely didn’t.


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[77T]

I quoted the article you posted.

I can’t help if you don’t see them saying don’t wear visible jewelry. It’s just logic.


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[brkn]

ask DavidSW

[bluestreak]

Originally Posted by 77T

I quoted the article you posted.

I can’t help if you don’t see them saying don’t wear visible jewelry. It’s just logic.


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I don’t see it because it isn’t there. That’s the internet (and society) these days. Make stuff up and double down when called on it.


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[101031-28]

Wonder if the market is in for an adjustment..

[911991]

Originally Posted by OrangeSport

So do they sit on them and just release a couple for sale at a time...?

correct, listing a limited supply helps to sale as a buyer thinks he better grab it soon or someone else will get the watch, but in reality they will put another one on the web site for sale. Old trick in sales

[Saints1]

Originally Posted by harryflashman

+1

+ 2