PM Sports Models below MSRP

[lusfort]

With the new state of affairs.

There are models of PM pieces (as well as most day dates) that are trading below retail

Namely the rose Gold GMT and white gold Daytona (baby leman) ( attached picture), yellow and white gold Subs.

I wonder if ADs will start viewing these as bundle pieces before a more favourably pieces

Or we will start seeing more go out the side door to grey dealers directly.

In region, the game is either implied sales bundling; although with lower premiums on hot allocation pieces, this doesn’t really make sense anymore

Or there are also ADs that will sell pieces at grey market prices through the back door. I wonder if these ADs will eventually start offering discounts matching prices on the market

What do you guys think?


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[WatchEater666]

They traded for a premium for a very short period of time.

Personally I like the aesthetic of some PM but at PM prices there are many other watches I’d rather own.

[4reRlxGuy]

I get offered PM pieces every week by one of the ADs I work with. They haven't budged off full retail + tax.

My understanding is the holidays are around the corner and they are hoping they will hold and eventually move inventory before the end of the year.

[4reRlxGuy]

On the grey front my grey go to has informed me bundling of desirable pieces continues to occur out the "back door" with with many ADs.

[Halifax Daytona UK]

Originally Posted by 4reRlxGuy

I get offered PM pieces every week by one of the ADs I work with. They haven't budged off full retail + tax.

My understanding is the holidays are around the corner and they are hoping they will hold and eventually move inventory before the end of the year.

How do you mean ‘work with ‘ ? Do you work in an AD ?

[Guppydriver]

Originally Posted by Halifax Daytona UK

How do you mean ‘work with ‘ ? Do you work in an AD ?

He means does business with, as in buys watches from…

I promise you no SA has a Patek 3970.

[4reRlxGuy]

Originally Posted by Halifax Daytona UK

How do you mean ‘work with ‘ ? Do you work in an AD ?

Meaning that I have purchased from in the past.

[BlondesNwatches]

There are some people that probably want the PM and not the hype pieces. I’d rather go through an AD instead of Grey. People also have a preference on that as well. The same person may want to only deal in the grey market instead of an AD. Everyone has their own preference.

[Flex368]

I suppose eventually we will see most PM pieces available at 10-15% discount from ADs.

I have heard from a friend that his AD 'encouraged' him to buy slow moving PM pieces in order to obtain his desired SS references quicker.

[joli160]

Pre covid 30% off was doable grey. Soon we will be there again I believe.

[Mini2]

Originally Posted by joli160

Pre covid 30% off was doable grey. Soon we will be there again I believe.

If only they could also discount at 2019 rrp

[SLWoodster]

lol this what I think too.

Originally Posted by Mini2

If only they could also discount at 2019 rrp

[1William]

Based on my observations and speculation I believe we will see the market hold or adjust slightly one way or another through the holidays. Once on the other side of the new year we could see something of a bounce depending on the economy both ways.

[Kevin of Larchmont]

Originally Posted by 1William

Based on my observations and speculation I believe we will see the market hold or adjust slightly one way or another through the holidays. Once on the other side of the new year we could see something of a bounce depending on the economy both ways.

Truer words were never spoken.

[casadecamporolex]

Originally Posted by 1William

Based on my observations and speculation I believe we will see the market hold or adjust slightly one way or another through the holidays. Once on the other side of the new year we could see something of a bounce depending on the economy both ways.

You sound like a politician. Saying all the right words, but meaning nothing.

[brandrea]

Originally Posted by casadecamporolex

You sound like a politician. Saying all the right words, but meaning nothing.

I think what he said is spot on.

[S’portEye]

Originally Posted by casadecamporolex

You sound like a politician. Saying all the right words, but meaning nothing.

Lol.. perfect

[Chiboy]

Oy, this sounds just like Wall Street bs.

"The market was soft in the morning as investors focused on the latest unemployment numbers but then picked up mid afternoon as the lack of news about the middle east war expanding emboldened traders heading into the weekend."

[GTS Dean]

PM does not = Platinum

Platinum is a silvery metallic chemical element, a member of the six transition elements in Group VIII of the periodic table known collectively as the platinum metals (ruthenium, rhodium, palladium, osmium, iridium, and platinum). Platinum has the symbol Pt, its atomic number is 78, and its atomic weight is 195.09. The name is derived from the Spanish platina, meaning "silver."

[Cambo]

I think PM discounts on new models are a thing of the past. Just IMHO.

[watchwatcher]

Originally Posted by lusfort

With the new state of affairs.

There are models of PM pieces (as well as most day dates) that are trading below retail

Namely the rose Gold GMT and white gold Daytona (baby leman) ( attached picture), yellow and white gold Subs.

So, you're saying the Baby LeMans is trading below 33.5? Can you show me where that' happening?

[lusfort]

Originally Posted by watchwatcher

So, you're saying the Baby LeMans is trading below 33.5? Can you show me where that' happening?

Not sure where you are pulling 33.5 from.

MSRP differs per region but this is the from the display shelf of a well known 2nd hand dealer here.

You might be thinking the oyster flex version

But here is it is:




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[SLWoodster]

I believe the oysterflex versions are still above retail.

Ghost and yellow golds still significantly above.

Originally Posted by lusfort

Not sure where you are pulling 33.5 from.

MSRP differs per region but this is the from the display shelf of a well known 2nd hand dealer here.

You might be thinking the oyster flex version

But here is it is:




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[lusfort]

Originally Posted by SLWoodster

I believe the oysterflex versions are still above retail.

Ghost and yellow golds still significantly above.

This has always been the case with the 1165XX models.

The ceramic bezels adds a very sporty touch.

If they would release the ceramic bezel on the bracelet PM models, I think it will be a game changer


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[kopi-c]

Originally Posted by lusfort

Not sure where you are pulling 33.5 from.

MSRP differs per region but this is the from the display shelf of a well known 2nd hand dealer here.

You might be thinking the oyster flex version

But here is it is:




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Taken at Far East Plaza?

[lusfort]

Originally Posted by kopi-c

Taken at Far East Plaza?

Where else? Store’s name is also on the watch :)


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[kopi-c]

Originally Posted by lusfort

Where else? Store’s name is also on the watch :)


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Yeah, store name looked familiar and those listed price at SGD, still very high though.

[watchwatcher]

Originally Posted by lusfort

Not sure where you are pulling 33.5 from.

MSRP differs per region but this is the from the display shelf of a well known 2nd hand dealer here.

You might be thinking the oyster flex version

But here is it is:

I was referring to the oyster flex version.

I wasn't aware the full gold version was going by that name.

[Calatrava r]

At least in the US, ADs are not allowed to discount. If they do, they will face loss of status. PMs are still delivered slowly and will slow further if demand at retail slackens. Buying a full precious metal watch was always a big steppingstone to getting a desired SS sports model.

[Deroya]

Originally Posted by lusfort

With the new state of affairs.

There are models of PM pieces (as well as most day dates) that are trading below retail

Namely the rose Gold GMT and white gold Daytona (baby leman) ( attached picture), yellow and white gold Subs.

I wonder if ADs will start viewing these as bundle pieces before a more favourably pieces

Or we will start seeing more go out the side door to grey dealers directly.

In region, the game is either implied sales bundling; although with lower premiums on hot allocation pieces, this doesn’t really make sense anymore

Or there are also ADs that will sell pieces at grey market prices through the back door. I wonder if these ADs will eventually start offering discounts matching prices on the market

What do you guys think?


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Discounts were always the norm with PM models before all this recent hype madness.