Post by: ry on February 03, 2022, 05:01:15 AM
https://www.malaysiawatchforum.com/index.php?topic=17250.0
Sold this year,I would assume he made more than 100% from the price he was seeking in 2016
Well done if you had hold back
:Dancing_banana:
Post by: avabobatea on February 03, 2022, 07:43:56 AM
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
Post by: kram45 on February 03, 2022, 09:12:13 AM
Post by: dpkong on February 03, 2022, 09:41:17 AM
Hi..
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
You can see on chrono24 what people are asking although I doubt any really sell at those prices, despite what grey dealers tell you during the weekly FB live sessions...
Would love to add a hulk to my collection but they're discontinued and prices are more than ridiculous.. maybe I should get a starbucks at retail to swap...
Post by: ry on February 03, 2022, 09:53:23 AM
Any Rolex at the moment is close to impossible from AD.
I am still waiting for my DAYTONA ...and that's about 4 years ago
Like they say ROLEX IS INHERITED... :HammerHead: your kids will inherit the waiting
Post by: dpkong on February 03, 2022, 11:04:50 AM
dpkong.....with your connections maybe you can get Starbucks at retail
Any Rolex at the moment is close to impossible from AD.
I am still waiting for my DAYTONA ...and that's about 4 years ago
Like they say ROLEX IS INHERITED... :HammerHead: your kids will inherit the waiting
Getting a Rolex from AD is not purely about connections, it's about how you view the watches.
Many simply view them as profits, thinking they can fool an AD with their made up stories and then wanting a steel Daytona as a dream watch, bla bla bla... everybody and his/her grandma knows you can flip any sports model for a profit when you walk out the door.
Most ADs pick and choose the clientele because they don't want to answer to management when a watch they just sold ends up at a grey dealer. Hence you can see why many grey dealers doing live or online sales will try to cover up the serial numbers to prevent tracking. But if you walk into the store, you can still see the number and it can be checked.
Notice I said most ADs since there are of course those who do work with "friends" to get watches to the grey dealers.
The rate at which prices of Rolex watches go up yearly, it is outrageous. I have to hand it to them, they have a good management because I know a lot of friends that are on queues to own a Rolex watch.
There was a time, not long ago, when most models simply sat on shelves for months/years and the SA had to try his best to sell you one without having to give too much discount..
Post by: G.MAC on February 04, 2022, 03:37:49 PM
Hi..
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
Anyone can ask a high price. I am more keen to know who is buying at the asking price. A lot of hot models, the prices are through the roof. Try asking dealers or private buyers to pay close to that sum and you will see a lot of hesitation and shuffling of feet.
Post by: dpkong on February 04, 2022, 05:57:54 PM
Hi..
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
Anyone can ask a high price. I am more keen to know who is buying at the asking price. A lot of hot models, the prices are through the roof. Try asking dealers or private buyers to pay close to that sum and you will see a lot of hesitation and shuffling of feet.
It is now like the gold/share market and I have heard stories from a few "investors" over the CNY period where they are bragging about the profits made over the last year buying and selling watches, specifically Rolex and AP.. which is not unbelievable seeing how much some models have gone up in asking prices.
But the real question now is will it continue to go higher or will it suddenly deflate to a more realistic level? And when it deflates, do you really love that RM190k steel Daytona you bought which is nearly 4x retail?
And don't compare them to 5711 because Patek aren't selling that anymore.
Post by: G.MAC on February 05, 2022, 04:44:33 AM
Hi..
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
Anyone can ask a high price. I am more keen to know who is buying at the asking price. A lot of hot models, the prices are through the roof. Try asking dealers or private buyers to pay close to that sum and you will see a lot of hesitation and shuffling of feet.
It is now like the gold/share market and I have heard stories from a few "investors" over the CNY period where they are bragging about the profits made over the last year buying and selling watches, specifically Rolex and AP.. which is not unbelievable seeing how much some models have gone up in asking prices.
But the real question now is will it continue to go higher or will it suddenly deflate to a more realistic level? And when it deflates, do you really love that RM190k steel Daytona you bought which is nearly 4x retail?
And don't compare them to 5711 because Patek aren't selling that anymore.
In my opinion, whatever gains are paper gains unless the value is realized by selling it and actually receiving cash. As for discontinued models, it makes you wonder if anything is truly discontinued. Recently, the AP 15202 was replaced with the 16202. Everyone is trying to bring the focus on the discontinuation element to justify the high price. The way i look at it, the 15202 just got upgraded and its replacement don't look much different but the movement just had a worthwhile upgrade. I would not be surprised if the 5711 receive the same treatment as the movement is already lagging behind its contemporaries. And with the rumor mill active with rumors of a new Nautilus within the next few years, makes me wonder who is able or going to sustain the current pricing of the regular 5711. But back to the daytona you mentioned, i agree with you on the desirability factor you mentioned. So whatever gains you see now, until realized, are just hypothetical numbers that "someone" earn.
Post by: W3ll on February 07, 2022, 06:51:21 AM
Hi..
How much can sell for 2021 hulk? Not brand new. Worn and few scratches. Saw FB asking for 110k and I think this is crazy price even though I hope there are buyers willing to pay for it.
Anyone can ask a high price. I am more keen to know who is buying at the asking price. A lot of hot models, the prices are through the roof. Try asking dealers or private buyers to pay close to that sum and you will see a lot of hesitation and shuffling of feet.
Those people I know that are constantly fueling the grey market prices are the insurance agents, real estate agents, investment agents, MLM agents and also those that need to wash their money clean with a luxury piece. Also a lot of people are buying it for the wrong reasons, buying into the advice of the grey dealers that "if you don't buy today, you pay more in the future"
Post by: ray6969 on February 07, 2022, 08:03:31 AM
Post by: W3ll on February 07, 2022, 08:52:50 AM
i dont understand why...will many AD's give up their Rolex Agency....AD has high costs/overheads for Rolex space but no inventory to sell...so is that economically sustainable for them??....if there any backdoor agreement with grey dealers??? give kickback???
AD has the inventory to sell, is just that the watches never need to appear on the display shelf to be sold. The watches already have ready approved buyers even before the inventory arrives.
Besides AD is having their best sales season ever the past 1 year + , because all the other brands they carry in their store are selling off the shelf as well becaue people are buying them up for profile building.
Post by: dpkong on February 07, 2022, 01:23:32 PM
i dont understand why...will many AD's give up their Rolex Agency....AD has high costs/overheads for Rolex space but no inventory to sell...so is that economically sustainable for them??....if there any backdoor agreement with grey dealers??? give kickback???
People are obsessed with stories of profile building and grey dealers having deals with AD for kickbacks.. then use this as justifications for buying from grey dealers..
Not sure how many really spend hard-earned money at grey dealer prices but my guess income from grey sources would be spent at grey locations as well...
Nowadays all grey dealers using the same sales pitch "if you don't buy today, you pay more in the future" and using previous months pricing as reference.. sounds so much like those MLM salesman asking you to buy SWISSCASH investments...
And anyone who buys other brands even though they don't like it just for "profile building" smells so much like a potential grey dealer... let's hope they get their sport watch allocation before the bubble pops....
Post by: r3kahsttub on February 07, 2022, 02:20:04 PM
I was surprised to discover that really flat "sports models" like the Air King and Polar E2 are now priced in 50-80k region. This is a FOMO effect that many people seem to be falling for. If my AD were to offer me either model today, it would still be an easy pass for me.
Post by: swleong on February 07, 2022, 03:15:58 PM
How many will actually buy Daytona/GMT/Subs at 3 to 4 times the MSRP? Those popular models at some grey dealers are normally snapped up/reserved immediately, then few days/weeks later pop up again for sale (not sure the same watches or not as I never verify), but at higher prices. And this has been going on for quite a while now.
Stop feeding the grey people. Those who can make money by flipping are those who got the watches at retail prices. Those who got from grey dealers, you better love the watches more than the extra premiums you paid.
Post by: W3ll on February 07, 2022, 04:59:12 PM
I start to think that some of the grey dealers are creating an "artificial demands" for those sports models.
How many will actually buy Daytona/GMT/Subs at 3 to 4 times the MSRP? Those popular models at some grey dealers are normally snapped up/reserved immediately, then few days/weeks later pop up again for sale (not sure the same watches or not as I never verify), but at higher prices. And this has been going on for quite a while now.
Stop feeding the grey people. Those who can make money by flipping are those who got the watches at retail prices. Those who got from grey dealers, you better love the watches more than the extra premiums you paid.
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Post by: dpkong on February 07, 2022, 06:05:51 PM
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Easy come, easy go.. people who buy at high premiums are those who play the stock market and other games of chance or have interesting sources of income.... no sensible person with hard earned money would throw it like that..
Post by: swleong on February 08, 2022, 06:59:35 AM
I start to think that some of the grey dealers are creating an "artificial demands" for those sports models.
How many will actually buy Daytona/GMT/Subs at 3 to 4 times the MSRP? Those popular models at some grey dealers are normally snapped up/reserved immediately, then few days/weeks later pop up again for sale (not sure the same watches or not as I never verify), but at higher prices. And this has been going on for quite a while now.
Stop feeding the grey people. Those who can make money by flipping are those who got the watches at retail prices. Those who got from grey dealers, you better love the watches more than the extra premiums you paid.
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Seeing Daytona going into Lange 1 price territory, the world is indeed getting crazier.
Post by: bulletnos on February 08, 2022, 09:28:49 AM
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Easy come, easy go.. people who buy at high premiums are those who play the stock market and other games of chance or have interesting sources of income.... no sensible person with hard earned money would throw it like that..
From what I know, some grey dealers actually buy from other grey dealers setting an "eco-system"...and because of the 90% buy back guarantee, many "investors" are willing to take the risk as their "loss" is capped at 10%, but the return potential is perceivably higher. Problem will come when there is an over-supply and when the grey-dealers themselves cannot sustain their "eco-system", but until that time, we will see more and more unsuspecting new "grey dealers" emerge along with FOMO investors - and this will continue to drive prices up. It's not a Malaysia problem, it's a Global one.
Post by: dpkong on February 08, 2022, 09:35:28 AM
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Easy come, easy go.. people who buy at high premiums are those who play the stock market and other games of chance or have interesting sources of income.... no sensible person with hard earned money would throw it like that..
From what I know, some grey dealers actually buy from other grey dealers setting an "eco-system"...and because of the 90% buy back guarantee, many "investors" are willing to take the risk as their "loss" is capped at 10%, but the return potential is perceivably higher. Problem will come when there is an over-supply and when the grey-dealers themselves cannot sustain their "eco-system", but until that time, we will see more and more unsuspecting new "grey dealers" emerge along with FOMO investors - and this will continue to drive prices up. It's not a Malaysia problem, it's a Global one.
reminds me of 2 people sniffing each other's fart, saying how good it smells and when they get enough people to join in, it becomes the next trending aroma...
Post by: W3ll on February 08, 2022, 10:41:21 AM
They are indeed people paying that kind of price for the watches, in fact you find some members here who paid 6 figure price tag for a batman
Easy come, easy go.. people who buy at high premiums are those who play the stock market and other games of chance or have interesting sources of income.... no sensible person with hard earned money would throw it like that..
From what I know, some grey dealers actually buy from other grey dealers setting an "eco-system"...and because of the 90% buy back guarantee, many "investors" are willing to take the risk as their "loss" is capped at 10%, but the return potential is perceivably higher. Problem will come when there is an over-supply and when the grey-dealers themselves cannot sustain their "eco-system", but until that time, we will see more and more unsuspecting new "grey dealers" emerge along with FOMO investors - and this will continue to drive prices up. It's not a Malaysia problem, it's a Global one.
Good point, that explains why they can continue to fuel the price up.
Post by: ray6969 on February 09, 2022, 11:53:26 AM
It's true they says that we will can buy AP Offshore than Daytona at MRSP boutique /AD if we have luck?? Basically how many months or years need to wait??
Sent from my CPH1715 using Tapatalk
Post by: dpkong on February 09, 2022, 01:22:31 PM
Myb I'm not a VVIP or not really honour the "Crown"...hmmm... i still in "waiting list or wish list" as AD says..anyway it's just a basic Submariner without date.. monthly drop by just to say hai to Rolex AD at Klang Valley for past 3 years already , they had watches in their display. Some is 29mm/Bling2 and Cellini..some of "Hot Model" is "For Exhibition Only'. They said they had zero watches to sell during Christmas/CNY and have no idea when anything will be coming in.
It's true they says that we will can buy AP Offshore than Daytona at MRSP boutique /AD if we have luck?? Basically how many months or years need to wait??
Sent from my CPH1715 using Tapatalk
Going back 10 years, the Submariner was a watch that people didn't want because it didn't have a date, unlike the Submariner Date. You could always get it at a great discount from grey market. I still recall looking at them in the display cases for about RM12k and the grey dealer just shook his head and said don't buy because will lose money when trade back to him to upgrade.. and in his words "because in the end you won't like it and will surely want to trade it back to me"....
Now suddenly everyone wants to buy it? Has tastes really changed so much?
And ADs have watches to sell.. just depends who is asking. They definitely have quite a bit in the safe at the back.
Unfortunately, you want to buy what everyone else wants to buy and everyone hopes to hit the jackpot as well..
So it's not so much about being a VVIP or "honour the crown" but more about the friendship you have with an AD and how convincing you are that you're not just one of those flippers. Granted I must admit it's really difficult to talk to any salespeople in a Rolex store in the Klang valley as they give really cold answers when you ask them questions so I guess it's going to be more tricky than you would imagine.
Post by: W3ll on February 09, 2022, 01:42:21 PM
Myb I'm not a VVIP or not really honour the "Crown"...hmmm... i still in "waiting list or wish list" as AD says..anyway it's just a basic Submariner without date.. monthly drop by just to say hai to Rolex AD at Klang Valley for past 3 years already , they had watches in their display. Some is 29mm/Bling2 and Cellini..some of "Hot Model" is "For Exhibition Only'. They said they had zero watches to sell during Christmas/CNY and have no idea when anything will be coming in.
It's true they says that we will can buy AP Offshore than Daytona at MRSP boutique /AD if we have luck?? Basically how many months or years need to wait??
Sent from my CPH1715 using Tapatalk
If you have never bought any watches from the AD before, is almost 0% to get allocated. If you really want that watch so badly perhaps you could start looking at other brand and buy what you like and then i am sure the conversation for the rolex would be a little bit easier.
Post by: ray6969 on February 10, 2022, 06:13:22 AM
Myb I'm not a VVIP or not really honour the "Crown"...hmmm... i still in "waiting list or wish list" as AD says..anyway it's just a basic Submariner without date.. monthly drop by just to say hai to Rolex AD at Klang Valley for past 3 years already , they had watches in their display. Some is 29mm/Bling2 and Cellini..some of "Hot Model" is "For Exhibition Only'. They said they had zero watches to sell during Christmas/CNY and have no idea when anything will be coming in.
It's true they says that we will can buy AP Offshore than Daytona at MRSP boutique /AD if we have luck?? Basically how many months or years need to wait??
Sent from my CPH1715 using Tapatalk
Going back 10 years, the Submariner was a watch that people didn't want because it didn't have a date, unlike the Submariner Date. You could always get it at a great discount from grey market. I still recall looking at them in the display cases for about RM12k and the grey dealer just shook his head and said don't buy because will lose money when trade back to him to upgrade.. and in his words "because in the end you won't like it and will surely want to trade it back to me"....
Now suddenly everyone wants to buy it? Has tastes really changed so much?
And ADs have watches to sell.. just depends who is asking. They definitely have quite a bit in the safe at the back.
Unfortunately, you want to buy what everyone else wants to buy and everyone hopes to hit the jackpot as well..
So it's not so much about being a VVIP or "honour the crown" but more about the friendship you have with an AD and how convincing you are that you're not just one of those flippers. Granted I must admit it's really difficult to talk to any salespeople in a Rolex store in the Klang valley as they give really cold answers when you ask them questions so I guess it's going to be more tricky than you would imagine.
I understand bro, in term of "friendship" and how to convincing we are not "professional flipper"....that is subjective..its just like a begging to salespeople at AD...some says just conversation on Horology/luxury watch industry...bla..bla...bla..the way we portray our self (myb come to AD in 3 layer suit ;D ;D)....must have account before or bought any watch from the AD before...bla..bla...bla..Unfortunately, the thing i want to buy also like everyone else wants to buy as well...in microeconomics we call its demand and supply....
Anyway i did bought my watch at AD before, but just a dressy Omega Aqua Terra 8800 movement...maybe i try to others brand as others sifu suggestion... :D...
Post by: Gentlemen101 on February 10, 2022, 10:13:45 AM
Unfortunately, that’s the only way to get Rollies now..
Why on earth AD wanna sell you a Daytona for 50k+ when current market price is close to 200k?
Post by: Kesharoo on February 10, 2022, 10:37:35 AM
Either u hv some real sweet connection with your AD (with some purchase history like some veterans here) or u can bite the bullets and go grey.
Unfortunately, that’s the only way to get Rollies now..
Why on earth AD wanna sell you a Daytona for 50k+ when current market price is close to 200k?
Daytonas always commanded a premium. Many years ago in the early 90s, (yes I am that old) I saw a white dial Daytona on the window display with a price tag of RM17k, these were the days when Subs were 8.5 to 11k, GMTs were about 11k, Explorers around 10 to 11k. Datejusts were about 9k. I was so excited and immediately went in to enquire if it was for sale....The salesman said sorry, we had to display as we are expecting an inspection from Rolex and we cannot show that we were hiding watches. Even then the premium that was requested was 50% more than list price. Rolex frowned upon selling watches at a premium but it was tolerated. Just don't get caught.
However now there is a strict policy, any AD found selling at a premium will have its dealership terminated. So have to look for other ways la, cari makan ma. To me Rolex can kill off the grey market with a simple decision but they won't do it as the branding will suffer. So in a way Rolex has become a victim of its own success. My 2 sen la.
Post by: pleasuresaurus on February 10, 2022, 10:39:06 AM
(https://i.ibb.co/DQNx653/meme-cake.jpg) (https://ibb.co/dDSd3Gn)
Post by: Gentlemen101 on February 10, 2022, 10:47:41 AM
Either u hv some real sweet connection with your AD (with some purchase history like some veterans here) or u can bite the bullets and go grey.
Unfortunately, that’s the only way to get Rollies now..
Why on earth AD wanna sell you a Daytona for 50k+ when current market price is close to 200k?
Daytonas always commanded a premium. Many years ago in the early 90s, (yes I am that old) I saw a white dial Daytona on the window display with a price tag of RM17k, these were the days when Subs were 8.5 to 11k, GMTs were about 11k, Explorers around 10 to 11k. Datejusts were about 9k. I was so excited and immediately went in to enquire if it was for sale....The salesman said sorry, we had to display as we are expecting an inspection from Rolex and we cannot show that we were hiding watches. Even then the premium that was requested was 50% more than list price. Rolex frowned upon selling watches at a premium but it was tolerated. Just don't get caught.
However now there is a strict policy, any AD found selling at a premium will have its dealership terminated. So have to look for other ways la, cari makan ma. To me Rolex can kill off the grey market with a simple decision but they won't do it as the branding will suffer. So in a way Rolex has become a victim of its own success. My 2 sen la.
But why wld Rolex wanna offend the conglomerated grey when they are enjoying the sky high value all brands can only drools at?
Looks what happens to Panerai when they offended the grey….until today,.they never recover (in branding and value)
Post by: ray6969 on February 10, 2022, 01:21:32 PM
Either u hv some real sweet connection with your AD (with some purchase history like some veterans here) or u can bite the bullets and go grey.
Unfortunately, that’s the only way to get Rollies now..
Why on earth AD wanna sell you a Daytona for 50k+ when current market price is close to 200k?
i guess its just to depend on personal taste...not everyone want a Daytona...i thinks its just prestige/branding/marketing/hype/ demand and supply/ in house artisan/ legendary horologist...retail rm50k but current market price is rm200k...holy cow!!!
if i want a model with Chronograph or Tachymeters (the best buy prices for me is Zenith El Primero or any current METAS Moonwatch with lovely current bracelet)
or my grail if Choronograph with current blues 50th Snoopy..even though i really against with gimmick of reissues of model...but that is really beauty...
Post by: Kesharoo on February 10, 2022, 01:50:20 PM
Either u hv some real sweet connection with your AD (with some purchase history like some veterans here) or u can bite the bullets and go grey.
Unfortunately, that’s the only way to get Rollies now..
Why on earth AD wanna sell you a Daytona for 50k+ when current market price is close to 200k?
Daytonas always commanded a premium. Many years ago in the early 90s, (yes I am that old) I saw a white dial Daytona on the window display with a price tag of RM17k, these were the days when Subs were 8.5 to 11k, GMTs were about 11k, Explorers around 10 to 11k. Datejusts were about 9k. I was so excited and immediately went in to enquire if it was for sale....The salesman said sorry, we had to display as we are expecting an inspection from Rolex and we cannot show that we were hiding watches. Even then the premium that was requested was 50% more than list price. Rolex frowned upon selling watches at a premium but it was tolerated. Just don't get caught.
However now there is a strict policy, any AD found selling at a premium will have its dealership terminated. So have to look for other ways la, cari makan ma. To me Rolex can kill off the grey market with a simple decision but they won't do it as the branding will suffer. So in a way Rolex has become a victim of its own success. My 2 sen la.
But why wld Rolex wanna offend the conglomerated grey when they are enjoying the sky high value all brands can only drools at?
Looks what happens to Panerai when they offended the grey….until today,.they never recover (in branding and value)
Precisely my point but you forget that Rolex must pass some profit to the AD. So for every MSRP watch Rolex sells, Rolex does not make as much. In the old distribution model this is ok. In the current environment where the market prices are greatly distorted, Rolex cannot be happy. They see their watches being sold at way beyond what price point they sell to the ADs. The profit is being eaten by the grey market. I am sure Rolex would wish to tap into this as well but they can't like you said due to the branding and other concerns. They will probably increase incrementally until the market corrects itself. Remember the media post in Hodinkee where they said Rolex is not responsible for the final allocation of watches? This is not quite correct because ADs have no control over what they get.
Post by: dpkong on February 13, 2022, 10:45:54 AM
while all the discussion is about ADs have secret deals with grey and VVIP getting watches when new customer do not etc etc..
Did anyone ever wonder why grey sellers are SELLING their stock if the price increment is so fast and good? If it's such a good investment, why SELL? Why not keep it and wait for price to keep going up?
And if ROLEX were to announce in March/April after their new product launches, that their factory upgrade is complete and they can now produce 5x more watches per year and that all waitlist orders will be fulfilled by end of 2022, what will happen to all the watches you bought at 2-3x retail price? Will you still love it as much? How many will still pick up the watches they ordered?
Price appreciation still guaranteed?
Think hard before you jump into the grey market trap....
Of course advice doesn't apply to easy money....
Post by: revvd on February 13, 2022, 07:39:14 PM
The reason was mainly to scratch the itch, and also because of the fact that being a nobody, I would probably need to play the AD game for a good few years, even then, Daytonas are supposedly the hardest to get.
That's the whole purpose of this thread (and so many threads that came before)
And no, my money was hard earned. Down to every single cent.
To each their own. For me, I'm a happy owner of the Rolex. Do I regret the purchase? Nope. But I would likely never buy another Rolex anymore off grey, that's for sure. Itch scratched.
And onto why grey dealers sell, it's just liquidity. Why wouldn't you sell, when you can still get loads of new AD stock over and flip?
Post by: WestFly on March 02, 2022, 06:37:06 AM
Post by: Squirty on March 02, 2022, 07:33:28 AM
Myb I'm not a VVIP or not really honour the "Crown"...hmmm... i still in "waiting list or wish list" as AD says..anyway it's just a basic Submariner without date.. monthly drop by just to say hai to Rolex AD at Klang Valley for past 3 years already , they had watches in their display. Some is 29mm/Bling2 and Cellini..some of "Hot Model" is "For Exhibition Only'. They said they had zero watches to sell during Christmas/CNY and have no idea when anything will be coming in.
It's true they says that we will can buy AP Offshore than Daytona at MRSP boutique /AD if we have luck?? Basically how many months or years need to wait??
Sent from my CPH1715 using Tapatalk
Going back 10 years, the Submariner was a watch that people didn't want because it didn't have a date, unlike the Submariner Date. You could always get it at a great discount from grey market. I still recall looking at them in the display cases for about RM12k and the grey dealer just shook his head and said don't buy because will lose money when trade back to him to upgrade.. and in his words "because in the end you won't like it and will surely want to trade it back to me"....
Now suddenly everyone wants to buy it? Has tastes really changed so much?
And ADs have watches to sell.. just depends who is asking. They definitely have quite a bit in the safe at the back.
Unfortunately, you want to buy what everyone else wants to buy and everyone hopes to hit the jackpot as well..
So it's not so much about being a VVIP or "honour the crown" but more about the friendship you have with an AD and how convincing you are that you're not just one of those flippers. Granted I must admit it's really difficult to talk to any salespeople in a Rolex store in the Klang valley as they give really cold answers when you ask them questions so I guess it's going to be more tricky than you would imagine.
IMO its all about moving the other brands. Ridiculous bundles popping up throughout AD's such as spending 150k on a house brand to be entitled to a Rolex sports model. besides the grey dealers, the AD's are making a killing selling all the unpopular models from their own house brands.
That being said, i know alot of people who justify buying from grey market dealers
1) dont have to put up with the staffs "lansi" attitude
2) dont wanna hold too much cash. Easier holding a Rm1m Patek then 1m of cash
3) view it as a viable investment. If you bought a daytona few months back from a grey dealer, you'd make at least at 25% profit. What could be better?
I do miss those times where u can put your name down on an AD's wishlist and wait for that wonderful call or text from your SA. You drop what u had to do and rush to the AD to pick up your dream piece. Guess we wont be experiencing that anytime soon again.
Post by: Squirty on March 02, 2022, 07:37:25 AM
I jumped into the grey bandwagon and purchased 2 two toned Daytonas. One for the wifey.
The reason was mainly to scratch the itch, and also because of the fact that being a nobody, I would probably need to play the AD game for a good few years, even then, Daytonas are supposedly the hardest to get.
That's the whole purpose of this thread (and so many threads that came before)
And no, my money was hard earned. Down to every single cent.
To each their own. For me, I'm a happy owner of the Rolex. Do I regret the purchase? Nope. But I would likely never buy another Rolex anymore off grey, that's for sure. Itch scratched.
And onto why grey dealers sell, it's just liquidity. Why wouldn't you sell, when you can still get loads of new AD stock over and flip?
I agree with what you said about the dealers, its a quick flip for 10-15% . good money. And no one knows where the market will go, i notice there is a trend in the watch brands. For example if you notice Richard Mille's are softening now,but the prices of rolex and pateks are still going up.
Its a crazy game and ive seen some grey dealers who literally made tens of millions sitting on old stock.
Post by: dzul.ain on March 07, 2022, 09:21:19 AM
"Low ballers would be ignored" statement is becoming a cliche.
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Post by: Squirty on March 07, 2022, 09:40:31 AM
Post by: dpkong on March 07, 2022, 10:00:44 AM
yep, i guess thats the new norm. dont foresee it dropping anytime soon though. that being said i heard that the market is moving watches slowly at the moment.
investors are hesitating which is good news for potential buyers.... if the market stagnates long enough, there might even be a correction.... or better still, a crash....
Post by: Squirty on March 14, 2022, 11:40:05 AM
yep, i guess thats the new norm. dont foresee it dropping anytime soon though. that being said i heard that the market is moving watches slowly at the moment.
investors are hesitating which is good news for potential buyers.... if the market stagnates long enough, there might even be a correction.... or better still, a crash....
a correction will be good, as it is happening now. Crash, IMO is unlikely. Unless someone is hoarding a big bunch of this pieces and floods the market.
Post by: VMok on March 17, 2022, 12:47:39 PM
Post by: WestFly on April 03, 2022, 12:38:30 PM
Instead paying 140k for Pepsi Oyster, im more enjoy wearing my Swatchnow drop to 120k mark. hand itchy
Post by: VMok on April 04, 2022, 06:15:54 AM
Post by: WestFly on April 04, 2022, 06:22:10 AM
120k is not for brand new 2022 right? Probably 2020 new or 2021 used?it is brand new 2022
Post by: VMok on April 04, 2022, 08:23:44 AM
Post by: wkwk92 on April 10, 2022, 08:16:43 PM
Did I missed anything ? What drives the insane appreciation on the last 1 year ?
Would really like to acquire some OP but the price tag is too absurd for my pay cheque
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Post by: hmkpwatches on April 10, 2022, 09:53:32 PM
all the prices just went up to absurd numbers but they did a minor correction. seems prices are pretty stable now or at least will be for the next couple of months then probably hike again.
in my opinion, NFTs crypto all these new fast money markets have given rise to alot more "disposable" income to people and they are looking for alternate investments and watches fit the bill.
ive got friends that were barely paying off their camrys and civics before and are now in Porsches and buying luxury goods after 1 year in crypto markets.
Madness
Post by: wkwk92 on April 11, 2022, 06:39:01 AM
Was really surprise how the OP is flipping in a sky rocket manner and even the least hype color (black, discontinued white) are at least 60-80% over the retail price.
With the points that you have mentioned, it seems like the money getting poured into the market are in a sigjnificant amount that’s drives the growth and in unlikely event it will get down much in the near future ?
Guess I have to start exploring something else.
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Post by: Squirty on April 11, 2022, 11:25:29 AM
Post by: VMok on April 11, 2022, 12:19:54 PM
Post by: W3ll on April 11, 2022, 01:50:29 PM
so far the market looks on the uptrend. Price stabilised but climbing back up now
so what pieces do you see that are climbing up?
Post by: DaytonaS on August 19, 2022, 09:37:37 PM
The worst drop was imo, John Mayer Daytona 116508 which dropped almost 50%. Panda is next. I wonder what is the price of the Platona now? Don’t see them in the market place