A fool and his money....

A fool and his money....

Author
Discussion

anonymous-user

Original Poster:

55 months

Saturday 10th November 2018
quotequote all
Genuine question. Why would anybody pay above rrp for watches that are widely available from the windows of AD’s? For example these:



or the many other examples from the likes of watchfinder.

I almost get the ‘must have it now’ mentality as regards watches that genuinely are in short supply but, honestly, is anybody stupid enough to pay more than list from from the resellers for watches that are readily available?

anonymous-user

Original Poster:

55 months

Sunday 11th November 2018
quotequote all
Hmmm. Fwiw, right now Goldsmiths in Trafford Centre Salford have three new gold Daytona in yellow gold, everose and white gold on display in the main window. All on oysterflex straps. Maybe more inside; I didn’t go in. List price, available now. (Plus, of course, you don’t have to pay on top to change the strap size as you would if buying from a re-seller).

Edited by anonymous-user on Sunday 11th November 14:08

anonymous-user

Original Poster:

55 months

Thursday 15th November 2018
quotequote all
Wills2 said:
And because they are sat there available at list you can buy them in the secondary market for below list price, there is an everose 2018 Daytona for 3k less than list on WF as an example.

Now you are being deliberately obtuse. The watch you are referring to is on a gold bracelet.

As you very well know, I am referring to the Daytona in gold on the oysterflex strap. This watch is widely available at list price from all AD’s and yet is advertised substantially above list price on the gray market including the impudent listings at WF.

How hard is that to understand?

I give up.

Edited by anonymous-user on Thursday 15th November 21:46

anonymous-user

Original Poster:

55 months

Friday 16th November 2018
quotequote all
bonerp said:
And IMHO anyone who spends thousands more (up to £10k more on Daytonas) than the rrp on a ss sports watch is a mug.
You could say that - the last 30 years suggests it's a pretty sound investment and easily cashed in, with any capital growth being tax free.

I have to be honest I feel a bit of a mug not buying several stainless sports watches when they were in the 1.5 to 6k range.

anonymous-user

Original Poster:

55 months

Friday 16th November 2018
quotequote all
bonerp said:
OK as a seller if you paid rrp from the AD. Not if buying in the second hand market!!
If I had bought a Daytona from the secondary market I would have been under water to the tune of around 25% when I walked out of the with subsequent years seeing capital growth.

I've been calling the end of the Rolex stainless steel bubble since about 1998 and one day I WILL be correct. I may even be alive to see it.