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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 2005  

post #30061 of 48312
Quote:
Originally Posted by edmorel View Post

and by the way, I am not saying that everyone should abandon AD's and just go look for watches at the cheapest possible prices. AD's provide a lot of services, not limited to having large selections, allowing you actualy see/touch the watches, getting you something that is limited/hot/hard to find etc. Its just that sometimes the grey market gets poo poo'd (and there are a bunch of bad grey market guys) but the AD's and the brands benefit from the grey market as much as the consumers do.

Thanks for your thoughtful responses, Ed.

Isn't AP implementing a lot of new policies to reduce the grey market for their watches and downsize their non-boutique AD network? Just in the past 2 months I've seen grey market prices increase between 10-20% depending on the watch, which would make it a tougher call on whether to take the risk or just bite the bullet and go through the AD.

That said, I recently kopped my AP and IWC through a grey market contact and I don't see myself going the AD route again anytime soon.
post #30062 of 48312
Quote:
Originally Posted by Beckwith View Post

Another dirty little secret about Costco Executive, just tell them you didn't hit the threshold for the rebate and they will give you back the difference on the spot. This thread has the stock shooting through the roof.

It really is a great store. That excecutive membership is outstanding too, it just sounded too good to be true and sure enough a big check showed up a couple weeks ago. Really nice system.
post #30063 of 48312
Quote:
Originally Posted by no frills View Post


Oh man that may just be what I need to truly recoup my Costco Executive Membership investment!  Here's the math:

1.  $55.00 regular membership

2.  $110 executive membership gives you 2% cash back

3.  Net cost versus regular membership is $55.  So you need to spend at least $55 / 0.02 = $2,750 to recoup the additional cost, and more to benefit from 2% cash back.

Have I ever spent more than $2,750 in Costco over the course of a year?  Yes, but it required multiple visits and countless Giant Rolls of Bounty.

But if I bought myself a Gold Daytona.... BOOOOOM!

LOL exactly!
post #30064 of 48312
Quote:
Originally Posted by TC (Houston) View Post

Thanks for your thoughtful responses, Ed.

Isn't AP implementing a lot of new policies to reduce the grey market for their watches and downsize their non-boutique AD network? Just in the past 2 months I've seen grey market prices increase between 10-20% depending on the watch, which would make it a tougher call on whether to take the risk or just bite the bullet and go through the AD.

That said, I recently kopped my AP and IWC through a grey market contact and I don't see myself going the AD route again anytime soon.

well swatch did that some time ago with their "high end" brands and the grey market price went up10-15% (the dealer's wholesale prices went from 50% below MSRP to 40%). It stuck, the natives did not take to the streets so I don't see why everyone else doesn't do it. The risk could be, if we hit another recession or a very weak dollar/strong swiss, they could find themselves holding onto a lot of inventory, and then having to try and get rid of that. Not everyone can afford to be AP, with separate boutiques etc. They are selling you an experience and lifestyle (or the idea of a certain type) as much as they are selling you a watch. Cartier is similar. Brands like that can typically do whatever they want (and I have seen Cartiers at Costco!). Something like Omega though, they essentially have a price ceiling on what they can charge for their watches and they need to do more volume than an AP or Cartier.

Someone I work for is a big watch buyer, he only buys from Cellini (a local high end dealer) and they give him 5-10% off depending on the watch plus he doesn't pay those devastating NYC taxes. He's asked me to get him something but I tell him, for the extra 5% or so discount that I may be able to get you, stick with Cellini. He's developed a relationship, they look out for him and he gets first crack at exclusives/limited items.

Lastly, I get my moneys worth with the Executive membership just on the gas that I get at Costco throughout the year. I just wish my local ones carried wine (there is another Costco story there, they are the largest wine buyers in the US) and spirits.
post #30065 of 48312
ed is 100% right. as matter fact, the watch industry also greatly benefits from the knock off market, its why they dont fight it harder.
post #30066 of 48312
Quote:
Originally Posted by edmorel View Post

well swatch did that some time ago with their "high end" brands and the grey market price went up10-15% (the dealer's wholesale prices went from 50% below MSRP to 40%). It stuck, the natives did not take to the streets so I don't see why everyone else doesn't do it. The risk could be, if we hit another recession or a very weak dollar/strong swiss, they could find themselves holding onto a lot of inventory, and then having to try and get rid of that. Not everyone can afford to be AP, with separate boutiques etc. They are selling you an experience and lifestyle (or the idea of a certain type) as much as they are selling you a watch. Cartier is similar. Brands like that can typically do whatever they want (and I have seen Cartiers at Costco!). Something like Omega though, they essentially have a price ceiling on what they can charge for their watches and they need to do more volume than an AP or Cartier.

Someone I work for is a big watch buyer, he only buys from Cellini (a local high end dealer) and they give him 5-10% off depending on the watch plus he doesn't pay those devastating NYC taxes. He's asked me to get him something but I tell him, for the extra 5% or so discount that I may be able to get you, stick with Cellini. He's developed a relationship, they look out for him and he gets first crack at exclusives/limited items.

Lastly, I get my moneys worth with the Executive membership just on the gas that I get at Costco throughout the year. I just wish my local ones carried wine (there is another Costco story there, they are the largest wine buyers in the US) and spirits.

I agree that if we are talking only a 5% difference and still no taxes then I'd probably go with an AD. And my Costco does have a few Cartiers in the case right now.
post #30067 of 48312
Damn whoever posted the JLC MUT Moon a while back, I can't get the watch out of my head. Debating whether I want to go see it in person though that will probably be a bad idea confused.gif
post #30068 of 48312
Huh? I don't know twat you are talking about?

JLCOSTRICH.jpg
JLCMUT3.jpg
JLCMUT2.jpg
P1010662.jpg
post #30069 of 48312
I am sure the gray vs ad thing has been discussed ad nauseam. It is difficult for me to put so much faith in a business that I cannot walk into if I have a problem. Spending so much coin on things that are so widely faked pushes me to go the ad route. Another concern I have would be getting the watch serviced with genuine parts if I didn't get the watch from am Ad.

Please excuse my ignorance on this matter.
post #30070 of 48312
^There you go, Steve-o. Great looking piece.
post #30071 of 48312
Quote:
Originally Posted by CMT1 View Post

Tank Basculante?

Dang that was a quick guess! Yup
Edited by MZhammer - 3/19/14 at 5:46pm
post #30072 of 48312
Quote:
Originally Posted by stevent View Post

Damn whoever posted the JLC MUT Moon a while back, I can't get the watch out of my head. Debating whether I want to go see it in person though that will probably be a bad idea confused.gif

Quote:
Originally Posted by Newcomer View Post

Huh? I don't know twat you are talking about?

JLCOSTRICH.jpg
JLCMUT3.jpg
JLCMUT2.jpg
P1010662.jpg


It is quite intoxicating, isn't it...
post #30073 of 48312
That watch is sooooooooo beautiful. Also really like look and price on the stainless steel perpetual as well
post #30074 of 48312
Quote:
Originally Posted by bespoken pa View Post

I am sure the gray vs ad thing has been discussed ad nauseam. It is difficult for me to put so much faith in a business that I cannot walk into if I have a problem. Spending so much coin on things that are so widely faked pushes me to go the ad route. Another concern I have would be getting the watch serviced with genuine parts if I didn't get the watch from am Ad.

Please excuse my ignorance on this matter.

Many grey market sellers offer warranties for the pieces they sell - and allow you to verify with the watchmaker themselves if the timepiece is legitimate. Patek regularly services timepieces purchased from the secondary market, given the kind of turnover their watches go through.

Also, if you're gunning for a discontinued piece you may have no choice but to go outside the AD route.

I purchased my grand complication Pateks from a grey market dealer and I couldn't be happier. Mint, complete, and every time I've run into issues they literally picked up the watch from my office to bring it to Patek for servicing. And yes, they paid for it. Whether it was for a strap change, an installation of a new deployant clasp, or the recent repair of my 3970P's dislodged pusher cap.

As always - buy the seller.
post #30075 of 48312
Quote:
Originally Posted by MZhammer View Post

DNA that was a quick guess! Yup

 

Very nice piece! Given the hint, it seemed like a logical guess. 

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