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.
I see shops like Watch Exchange and Bright Time carry so much inventory lolFlippers pain pain lol..a lot now trying to offload as much as possible with minimal profit than to hold inventory
bright time is old money, they no scaredI 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 riskyI see shops like Watch Exchange and Bright Time carry so much inventory lol
Possible to lose some money for the higher end models, eg Daytona PandaMake no mistake there is no losing money for grey at all (as yet).. just making less profit for h
Ya, for those who bought it at the 50-70k that time.. dunno if the shop will honor their buyback of less 10-15% anot.Possible to lose some money for the higher end models, eg Daytona Panda
have buyback policy ah? how does that work?Ya, for those who bought it at the 50-70k that time.. dunno if the shop will honor their buyback of less 10-15% anot.
yes within 1 year they are supposed to buy back. some shops have thathave buyback policy ah? how does that work?
They will buyback anytime for 10-15% less?
Can explain the diff? Sorry noob.That’s why some of the less loaded grey dealers prefer to sell on consignment basis than selling on inventory. Less risky
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.Can explain the diff? Sorry noob.
Very informational. Thank you sir.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
Oh got such thing? Don’t even know that. What drives them to give this privilege? Does it help their sales?yes within 1 year they are supposed to buy back. some shops have that
my pleasureVery informational. Thank you sir.
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?
Most of the time yes, but also depends which sports model.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?
For sure you can buy PP off the shelf.Any idea what models can be purchased from boutique at PP off the shelf? Or PP same as Rolex, all models no stock?