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7 February 2010, 08:34 PM | #1 |
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How do you Rolex sellers do it ??
I mean... some of your sale prices are so low it's like you stole it or something. I couldn't get my AD to sell me my SD for less that MSRP yet you guys sell the same watch for $2K less than MSRP and apparently still make money.
How do you do it (sell for so little) ?? |
7 February 2010, 08:39 PM | #2 |
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Dont think they will answer this one directly....
However I believe that most of these sellers have great relationships with ADs and have done for many years. With most ADs making 30-40% on a Rolex, there is still a market for a grey market if that makes sense. Nairn |
7 February 2010, 08:49 PM | #3 | |
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7 February 2010, 08:58 PM | #4 | |
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
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7 February 2010, 09:15 PM | #5 | |
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In other words... I obey the law of the land but I like discounts, too. |
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7 February 2010, 09:25 PM | #6 | |
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These people buy from ADs at special prices because they have that relationship. They may buy hundreds of watches a year so get special prices. They then can pass them on at a slight profit. The profit may be small, but if they do this many times a year it can make a healthy figure. However it is their business and they are never going to turn around and tell you how they do it etc...but thats what I make of it. Here is another example.....as I'm scottish ill use the drink IRN-BRU. RRP on a can of Irn-Bru is 65p.....Supermarkets buy truck loads of it, so get it at a better price than most people....as a result supermarkets sell this product for 49p. It is not illegal, as Irn-Bru, the supermarket, AND the consumer win. Hope that example helps... Nairn |
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7 February 2010, 09:27 PM | #7 | |
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As for used watches of course that is legal; if you want to even brake even with a Rolex buying from and AD is not going to get it done. |
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7 February 2010, 09:34 PM | #8 | |
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warranty is very seldom needed in the 2 year period anyway.Most grey dealers have there own warranty in many cases better or longer than the Rolex one.So if you have a genuine watch at a much cheaper price what more could anyone ask.And after any grey warranty period Rolex will be quite happy to service and take your money no matter where you bought from, then you will have Rolex service papers.
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
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7 February 2010, 10:20 PM | #9 |
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Grey market watches are ones that are imported from outside your territory. Not ones were originally supplied to AD´s in your territory then some how offered at discount. There is a big difference in the terminology.
For example, if you live in the USA, a grey market watch would be one imported from Hong Kong, taking advantage of the better pricing there..
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7 February 2010, 11:08 PM | #10 | |
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HOW IN THE WORLD COULD IT BE ILLEGAL??!! Accept the fact that our sellers CAN sell at a discount, buy from them if you wish, and be glad that you are more savvy than the average Rolex buyer out there and have an inside track.
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Best Regards, Jason Just Say "NO" to Polishing Card-Carrying Member of the Global Association of Retro-Grouch Curmudgeons LIfe is too short to wear inexpensive watches PLEXI IS SEXY |
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7 February 2010, 11:14 PM | #11 | |
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7 February 2010, 11:45 PM | #12 | ||
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You will have to excuse my getting a bit riled up about this. It is just that I have used the good online sellers here for all but 1 of my 8 Rolexes. It has saved me untold THOUSANDS of dollars. They provide us with a fantastic service. I know that at least one of them here has VERY tight margins and doesn't make tons of money on the watches he sells. The only reason that he moves a pretty decent amount of inventory. Suggesting that they might be doing something "illegal" is disrespectful because the sellers that I have dealt with here operate on nothing but integrity. Their word is more important than most anything. If they say it, then it is the truth, and you can take that to the bank. I have had them offer to ship me a watch before I have even paid for it because they have dealt with me before and shipment arrival and my ability to ge to the bank were issues. That is just a glimpse of their integrity
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Best Regards, Jason Just Say "NO" to Polishing Card-Carrying Member of the Global Association of Retro-Grouch Curmudgeons LIfe is too short to wear inexpensive watches PLEXI IS SEXY |
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7 February 2010, 09:08 PM | #13 |
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If you want to make money or even brake even with a Rolex you can not pay MSRP. With the economy in such bad shape many people are selling there property to stay solvent. Find a motivate seller and squeeze him for what you can get out of him. It's not pretty but that is how it works.
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7 February 2010, 10:51 PM | #14 | |
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7 February 2010, 11:13 PM | #15 | |
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7 February 2010, 11:43 PM | #16 |
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You are entitled to ask the question and I think you know the answer......in buying a Rolex, or anything else for that matter, the savvy consumer must way the value of "price to pay" vs "velocity of transaction." It's kind of like buying a car....many walk up and pay sticker, others shop around for weeks or months and work for the best deal.
Buy low sell high(er)...as Jason said, we are lucky to have the option of buying from trusted sellers with quality product.
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7 February 2010, 11:47 PM | #17 |
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THis is his real question I think.
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7 February 2010, 11:54 PM | #18 |
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I buy from both AD & Grey market . I get reasonable discount from my AD because I have been a relative good customer and at the moment times are hard for most AD's . I recently bought from one of the reputable sellers here , because he could offer me the exact same watch cheaper then my AD ( the currency exchange made the difference ) This seller never broke the law in anyway , I on the other hand I had this watch brought back to Europe without paying the duties .
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8 February 2010, 12:00 AM | #19 |
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Never pay retail at an AD. Never pay retail at a car dealership either. More importantly, learn to negotiate by leveraging your wallet. The re-sellers here understand the premium markup from AD's is gone by the time they list something in the For Sale forum. And of course an AD is going to tell you there is no authorized discount and they will run-down re-sellers or grey dealers as being either dishonest, or not selling a genuine piece with warranty.
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8 February 2010, 01:37 AM | #20 |
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Thanks for the question/responses
Thanks to all. I have learned alot from your question and exchanges that occured on this subject.
This is why I reference this site on a daily basis. Multilple ROLI's & Panerai's |
8 February 2010, 12:02 AM | #21 |
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But isn't NOT PAYING the duties an offense? Taxes and duty were my real concern. I wouldn't want to pay for an item and then it got confiscated for failure to pay tax/duty.
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8 February 2010, 12:08 AM | #22 | |
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Are you serious?
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8 February 2010, 12:16 AM | #23 |
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8 February 2010, 12:52 AM | #24 | ||||||
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So, keep it up lawdog530 and the forum will show you the door.... |
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8 February 2010, 01:29 AM | #25 |
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Sounds pretty serious. Tell you what, to be on the safe side, just pay MSRP at your AD and don't worry yourself with the rest of us.
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8 February 2010, 12:22 AM | #26 |
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8 February 2010, 12:23 AM | #27 | |
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In the case of the sellers here, if you are in the USA and they are in the USA and purchase from them and get a receipt, I don't think it is a problem. Robert |
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8 February 2010, 12:28 AM | #28 |
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That is the way insurance hustle works; use any excuse to not pay a claim. I would change insurance carriers.
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8 February 2010, 01:01 AM | #29 | |
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I have no idea where they source their watches, given some sell new, like new, used, etc. I imagine it's a mix, but I don't know. Whether all this is legal in terms of reporting taxes, sales tax, duties, etc... beats me. |
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8 February 2010, 01:38 AM | #30 |
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My humble apology to each and every person who I have offended with my questions. I had no idea what a s _ _ t storm asking such a question would bring. Please find it in your heart to forgive my unmitigated gall. Thank you and enjoy your Rolex. I will enjoy mine.
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