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16 April 2024, 03:46 AM | #61 | |
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16 April 2024, 03:56 AM | #62 | |
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CPO Chicanery
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Thank you for validating my feelings. The CPO program is available to those who want the extra security of buying a watch that has been authenticated, serviced, and warranted. To some, that’s worth the cost. No one is forced to buy any Rolex, from any seller. So, I don’t see a problem. Kat Sent from my iPad using Tapatalk |
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16 April 2024, 07:24 AM | #63 | |
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16 April 2024, 07:43 AM | #64 |
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Caveat Emptor. You pays your money and you takes your choice.
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16 April 2024, 07:58 AM | #65 |
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Could somebody please educate me, and tell me the meaning of 'whale', used in dannyboy123's context, above?
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16 April 2024, 08:15 AM | #66 |
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16 April 2024, 08:16 AM | #67 |
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A "whale" is a long-term customer who buys a lot of watches and is also a good depository for ADs to place expensive harder to move pieces with. A whale regularly flaunts his conquests at the AD and goes to all the AD events with a wowzah watch on bought from the AD.
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16 April 2024, 10:40 AM | #68 | |
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That’s a good definition. I’ve always thought of a whale as someone who has so much money and influence, that he can buy whatever he wants, whenever he wants from an AD. I think of that YouTube video of Kevin O’Leary walking out of the Rolex Boutique showing off his puzzle watch. He’s a whale! Kat Sent from my iPad using Tapatalk |
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16 April 2024, 10:49 AM | #69 | |
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Can I have your DSSD for what you paid for it? What year did you buy it? Will you sell it to me for less than you paid? It's a used watch and new ones are plentiful! If not, why not?
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SS Submariner K16610 SS Submariner F16610LV SS/P Yachtmaster M16622 SS Black Dial Daytona M116520 SS Explorer II D16570 |
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16 April 2024, 10:52 AM | #70 | |
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Free Market = "Price should be fixed and mandated" That is a heck of a hot take
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SS Submariner K16610 SS Submariner F16610LV SS/P Yachtmaster M16622 SS Black Dial Daytona M116520 SS Explorer II D16570 |
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16 April 2024, 11:37 AM | #71 | |
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16 April 2024, 11:40 AM | #72 |
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A lot of CPO apologists in here.
Rolex having a pre owned program is not a problem, imo. Every auto brand does. What is wrong though is the price they are charging. Yes, they have to often pay more than RRP to obtain the watches, yes, they do service, but still, they are so far over "market prices" it is laughable. https://www.tourneau.com/rolex-certi...owned-watches/ And it does leave a nasty taste in the customers mouth to be pushed towards these watches, while the AD plays games with you to get a new one. They need to drop prices quick to keep up with the market. |
16 April 2024, 12:36 PM | #73 | |
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If these watches are well above market then they won’t sell. If they want to sell them, they will have to drop the prices, since no one has to buy a watch. Seems easy. Sent from my iPhone using Tapatalk |
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16 April 2024, 12:43 PM | #74 | |
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But they won’t, and there is a good reason for not doing so. It’s because they know the watches are not worth that long term, this was a bubble, and it would backfire. This is a way to try to have their cake and eat it too, but those that are not blind see right through it and it will leave a bad taste for years to come. |
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16 April 2024, 12:56 PM | #75 | |
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They could do that, yes. But then when the market corrects they would have to lower prices, which most luxury companies don’t want to do. So they keep their MSRPs relatively stable and use the CPO program as a way to respond to the market. If the used market crashes, I imagine you’ll be able to get a CPO below. MSRP. It’s not the most efficient from a pure economics standpoint, but as a luxury company? I’m sure they are concerned with more than just pure economics. And of course they are trying to have their cake and eat it too. Rolex and the ADs are not charities. Of course they are trying to maximize the amount of money they make. Why would I begrudge a business that sells a non-essential product, of trying to make money. The only people who are upset are people who feel they are entitled to a watch. I don’t feel this way. Sent from my iPhone using Tapatalk |
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16 April 2024, 09:32 PM | #76 | |
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