Thought you said you weren't looking at the sale Rob
This is embarrasing
£100 off an £11,000 watch..... if I was dithering on the edge, this might just tip me over.
Well.... you know. I got an email and there's no harm in looking. And with these discounts the DATO 45 was never in danger.
That’s barely a ‘D’ let alone discount. Generous to a fault.
There must be a process for signing this off. Who on earth thought that 1% would be enough of a carrot to shift some watches (not least when they are usually priced 10% north anyway!).
Chronext has just “offboarded” roughly 30% of their workforce 2 weeks ago. I wouldn’t be astonished if Watchfinder has difficulties, too. Hence these debatable business practices…
IMHO all these large, parallel market, online dealers are having the same problem: too many watches in stock that they bought for too much; hence tons of capital blocked and inventory depreciating now that (used) prices drop.
The difference between Chronext and WF is obviously that the latter is backed by Richemont while the former is burning VC money
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