Thread all abt ROLEX - Part 2

fade_white

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Lol I want buy OP or DJ also cannot. I recently bought the new Speedy from Sincere a bit regret cuz they no carry Rolex. Can’t build profile :cry:
Should at least buy from omega boutique.. at least can leave your name in the doggy or 321 queue
 

popdod

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Correct, recently each AD boutique receives around 2 pieces of DJ SS in a month, max 3 pieces. So building profile with DJ also need to wait. 😅


What kind of world we living now?? :eek:
 

Damienic

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Should at least buy from omega boutique.. at least can leave your name in the doggy or 321 queue
Yes, was told as well that if you want the doggy, can only build profile and get allocation from the Omega boutique (at ION or Raffles City). Rest of other AD carrying multi brands including Omega is of no use
 

Sty_123

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Even if Rolex prices is crashing, it will only affect those flippers. those genuine buyers will just buy at a better price for their collection. I am waiting for a chance to hoot my 3rd Rolex when the time is right. :)
 

bwaysaikryptonite

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Even if Rolex prices is crashing, it will only affect those flippers. those genuine buyers will just buy at a better price for their collection. I am waiting for a chance to hoot my 3rd Rolex when the time is right. :)

Flippers pain pain lol..a lot now trying to offload as much as possible with minimal profit than to hold inventory
 

Damienic

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I see shops like Watch Exchange and Bright Time carry so much inventory lol
That’s why some of the less loaded grey dealers prefer to sell on consignment basis than selling on inventory. Less risky
 

All in a Day

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Make no mistake there is no losing money for grey at all (as yet).. just making less profit for now..
 

Damienic

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Can explain the diff? Sorry noob.
Consignment basis is where you leave the watch at a grey dealer shop and let them sell your watch on your behalf for a “fee”. The grey dealer does not pay you until the watch is sold to a customer. The risk is less to the grey dealer but the margins also smaller. You will usually discuss and reach an agreement with that grey dealer of how much you can sell the watch for minus the service fee.
some grey dealer who have less capital are adverse to the risk of watch selling price fluctuations. As you can see recently Panda peak at around 70-71k for BNIB and they might bring in the stock at 65-66k but now the price have plummeted to 55-56k BNIB. So if they have too much inventory and didn’t sell the earlier stock they brought In, in time, they are possibly staring at a potential loss. Or they could hold onto the watch until market moves back up but it may take quite a while. Big grey dealers like Bright Time should have holding power and not sell the existing stocks they have at extremely low margins or at a loss by waiting for the right market level to sell those watches which they have took in as inventory at higher price than current market
 

raidorz

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Consignment basis is where you leave the watch at a grey dealer shop and let them sell your watch on your behalf for a “fee”. The grey dealer does not pay you until the watch is sold to a customer. The risk is less to the grey dealer but the margins also smaller. You will usually discuss and reach an agreement with that grey dealer of how much you can sell the watch for minus the service fee.
some grey dealer who have less capital are adverse to the risk of watch selling price fluctuations. As you can see recently Panda peak at around 70-71k for BNIB and they might bring in the stock at 65-66k but now the price have plummeted to 55-56k BNIB. So if they have too much inventory and didn’t sell the earlier stock they brought In, in time, they are possibly staring at a potential loss. Or they could hold onto the watch until market moves back up but it may take quite a while. Big grey dealers like Bright Time should have holding power and not sell the existing stocks they have at extremely low margins or at a loss by waiting for the right market level to sell those watches which they have took in as inventory at higher price than current market
Very informational. Thank you sir.
 

whottt

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Question for those who already build a ‘profile’ with AD, once you get your sports model, do you need to ‘top up’ by buying another unpopular model before getting your next sports allocation?
 

o0KelviN0o

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Question for those who already build a ‘profile’ with AD, once you get your sports model, do you need to ‘top up’ by buying another unpopular model before getting your next sports allocation?

Likely yes… journey to the end 😆
 
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