Dealer / dealer transactions

[dh1]

Earlier this year I sold one of my AP RO watches to make room for another in my collection. Since I know what I sold and some identifying characteristics of the watch, I could watch it bounce from dealer to dealer and the prices.

• After getting a bunch of quotes from various dealers, I sold mine for mid-high 40s.

• It was listed for high 50s by the dealer that bought it from me later that afternoon.

• It was sold within hours of being listed to another dealer.

• I don't know if it traded hands again or just wasn't listed immediately, but 15 days later I saw it appear later on one of the dealers that posts on RolexForums in high 70s.

• It stayed for over a month getting some price drops into the low 70s. The thread was eventually updated as sold.

• A few days later, it appeared on another well-known dealer listed in the low 70s.

I'm not sure what the lesson is here, and obviously this is just a single data point, but it's interesting to see that no actual "end collectors" are in this chain... just speculative trading between dealers.