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Supply and demand will always meet at the equilibrium price.
It’s just a shame that certain brands won’t set their price so that a reasonable inventory stays in the case for a reasonable time so bonafide purchasers have an opportunity to buy from an AD.
Buying Pre Owned: What's To Prevent Stores From Reselling New Watches as "Pre-Owned" With Markups?
It's a bit inconceivable for some... But it makes sense overall. Let's hypothetically say I'm a privately owned jewelry store. I sell new watches and new jewels. I also have an "estate jewelry" display case filled with second hand watches and jewels. And ...
This scene is exactly....
what came to my mind in relation to this vividly relevant topic........ Used Guns anyone!?
The world is changing fast!
Sometimes I look at the world and it takes me a moment to recognize it as the same one... And funny movie clip! I had not seen this movie in a long time!
Supply and demand will always meet at the equilibrium price.
It’s just a shame that certain brands won’t set their price so that a reasonable inventory stays in the case for a reasonable time so bonafide purchasers have an opportunity to buy from an AD.
You bring up a good point!
Right! Smaller ADs have more loyal and long-term employees. Some employees are family members of the owner. Large dealers, corporations, have employees that may leave more frequently due to turnover.
I’ve also heard some AD owner keep all the inventories in their safe …
and selling them at markups. When there’s big $ involved, greed is inevitable…but there are also honest ADs as well. It’s nature but if you asked me, I feel that is a conflict of interest if an AD sells preowned of the same brand, makes the situation touc...
Exactly. I was trying to get to that touchy situation...
Lots of conflicts of interests!
I still remember when stores would sell new watches as pre-owned so they could advertise them under MAP :P
Totally the wild west, I honestly don't understand how to buy a watch today. Small and large dealers, all are trying to maximize profit in an environment where the customer doesn't care about MSRP and if we they don't, the dealers won't either. The whole ...
Yup! They used to do that too!
I guess if customers can benefit from the "used discount" then we shouldn't complain for the "used markup" then too? At least that's how the dealers will see it.
Your'e late to the party....
From what I've heard, some are already doing this specific "trick". Not for all but, As ugly as it gets, those among us who lives in la la land and working on the "relations" missed reading the change in the market, Dealers are cashing as much as they can...
You are correct. This is no new phenomenon...
But now, they've got this whole new consumer, a consumer that's been conditioned to buy "Pre Owned" and "Estate" watches. A new market that doesn't mind to buy a second-hand item whereas in the past, this market didn't really exist. So now, there's even m...
