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{ "media_type": "text", "post_content": "Does it makes sense to buy a rolex with your amex platinum and sell the rolex before you payment is due? (asking for a MBB friend)", "post_id": "6287fff5d53ced002711fa06", "reply_count": 29, "vote_count": 10, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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You are currently posting as works at KPMG

Does it makes sense to buy a rolex with your amex platinum and sell the rolex before you payment is due? (asking for a MBB friend)

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Pro

Bro you’ve unlocked the key to financial freedom 🤯

likefunnyupliftingsmart
You are currently posting as Analyst 1

For the uninitiated, secondary market prices for desirable rolex models are generally >1.5x the retail price

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You are currently posting as Deloitte 1

That sounds like a great idea, you should do it immediately 👍

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You are currently posting as KPMG

Getting a history at rolex and after a while getting access to the rare editions that you can sell for double…

likefunny
You are currently posting as Boston Consulting Group 1Badge Image

Chief

Not if they realize you’re just flipping them

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You are currently posting as Manager 2Badge Image

Rising Star

To answer your question, your friend is the exact kind of person I despise in the watch community. Yes, it makes financial sense as long as he/she is flush enough to cover a random accident that may happen between purchasing and selling it. I hope the AD notes the sale and bans him/her afterwards though.

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You are currently posting as Manager 2Badge Image

Rising Star

I know it’s good, bc I’m a good person….unlike your friend.

likefunny
You are currently posting as McKinsey & Company 1

But you won’t get it for the same price no?

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You are currently posting as Boston Consulting Group 1Badge Image

Chief

It’s not their marketing, Rolex isn’t making money from the secondary market. It could easily be argued that they’re losing money from an opportunity perspective.

You are currently posting as Google 1

It's not about financing, the problem is that buying a desirable Rolex at MSRP is challenging because it is an arbitrage opportunity

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You are currently posting as Manager 1

How are you making money?

You are currently posting as Deloitte 2

Like why?

You are currently posting as KPMG 1Badge Image

Rising Star

Lol😂

You are currently posting as Consultant 1

Or you can make your own Rolex and sell

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