Market & deal terms
What does “Price Point” mean?
The client wants the watch as cheaply as possible and doesn't need the box or papers. Watch-only pieces fit best; ones with box or papers are possible matches.
Price Point, explained
A 'price point' request means the buyer wants a specific watch at the lowest possible price and isn't concerned about the extras. Box, papers, hang tags and other accessories don't matter to them; what matters is that the watch itself is genuine and in good working order. It often comes from a client who plans to wear the watch rather than keep it as a collectable.
Because box and papers add to a watch's value, a watch-only piece is usually the best fit for a price point request, as it is normally cheaper than the same reference with a full set. A watch that comes with some extras can still work if its price is right, so those count as possible matches. For sellers, price point buyers are a good outlet for watches missing their papers or boxes. For buyers, it is still important to authenticate carefully, since there is less paperwork to back up the watch, and to check condition and service history.
Example: 'Looking for a 124060, price point, watch only is fine, condition matters more than papers.'
Related terms
AD
A retailer officially authorised by the brand to sell new watches.
Grey Market
Genuine watches sold outside the brand's official channels.
Wholesaler
A dealer who sells in volume to other dealers, not to the public.
Pre-Owned Dealer
A dealer specialising in previously owned watches.
MSRP
The brand's official retail price.
Over Retail
Trading above retail price because of demand.
Under Retail
Trading below retail price.
Market Price
What a watch is actually selling for right now.
Soda glossary