ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
6 August 2020, 01:01 PM | #31 |
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Join Date: Sep 2018
Real Name: Tom
Location: Honolulu
Watch: 116519LN
Posts: 3,828
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6 August 2020, 01:01 PM | #32 |
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Join Date: Mar 2013
Location: USA
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I don't doubt that it happens, but I have to believe it is very very rare. I've purchased several high-demand pieces from more than one AD that anyone could have easily flipped for a substantial profit. The sales people I work with are amazing, so I'm not worried about it in my case.
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6 August 2020, 02:34 PM | #33 |
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Join Date: Apr 2020
Location: Austin, TX
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The AD that is 100% "honest" or otherwise without any mar on their record that most here would squawk about delivers your Hulk or white dial Daytona to you in approximately 4 weeks sooner than the 1.5 years you would otherwise wait. The single biggest issue affecting your ability to get the watch you covet so much at retail in a timely fashion is the amount of supply...which also makes that watch the watch you covet so much. It's a pretty simple luxury goods/supply & demand equation for them, and their marketing department is kicked back just living the good life for it right now.
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6 August 2020, 02:59 PM | #34 |
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Join Date: Jan 2018
Location: Middle East
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Well, judging by the amount of unworn pieces available on the local classifieds I think it's happening again. Either that or certain friends are getting hugely preferential treatment.
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6 August 2020, 03:26 PM | #35 |
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Location: London
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There are so many shops to make a blanket statement. I think more reasonable explanation is that all shops be it watch or whatever may offer popular things to their real friends first. These watches are popular like a designer brand so the addressable market is far higher than some keen watch folks hoping to bribe their way into a purchase! AD shop assistants aren't earning Rolex flipping money either.
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6 August 2020, 09:55 PM | #36 |
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Join Date: Mar 2013
Location: Coral Springs, FL
Watch: GMT Master II
Posts: 39
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My wife's cousin worked for an AD with multiple locations several years ago. Employees of the AD were allowed to purchase one Rolex a year and their name was engraved on the case back.
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6 August 2020, 10:00 PM | #37 |
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Location: .
Posts: 6,692
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Yes this is what I have heard from multiple ADs. Their employees can buy 1 watch (any watch) per year.
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6 August 2020, 10:07 PM | #38 |
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Join Date: Jan 2020
Real Name: Don
Location: Vegas Nite Club
Watch: Your mouth
Posts: 2,315
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First off, there's no one here with FIRST hand knowledge???
Why would they have to buy and resell???? Just sell straight to the greys=commision=more sales = winner! AD's and SA's just love the "regular customer"....ie:GREY's! My question would be more like what percentages annually, are sold to Joe blow vs. grey? |
6 August 2020, 10:12 PM | #39 |
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Join Date: Jul 2008
Real Name: Chris
Location: England
Posts: 8,149
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First hand experience here, and this is how it works in the UK - I can't comment on other markets, as each market has its own rules.
There certainly used to be a scheme for staff to purchase a watch directly from Rolex at a preferential rate. However, the agreement was that if any flipping was discovered, it would be considered gross misconduct and would result in instant dismissal. I've never met anyone stupid enough to throw away their career over profiting off one watch, but I'm sure people have tried it. It was certainly a great perk, and not one to be treated with disrespect Chris |
6 August 2020, 10:14 PM | #40 | |
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Join Date: Jan 2020
Real Name: Don
Location: Vegas Nite Club
Watch: Your mouth
Posts: 2,315
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Quote:
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7 August 2020, 03:02 PM | #41 |
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Join Date: Jul 2017
Location: Georgia
Watch: 126613LB
Posts: 122
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Right on... Good people they are. Wish all dealers were like this. Sometimes I think that Rolex should step in a get this problem under control. I'm not even sure how they would do that, but it needs addressing somehow. I absolutely believe in free trade. There's nothing wrong with buying a luxury watch and then selling that watch. There is absolutely a problem when individuals and/or groups are hoarding everything and controlling the supply then jacking up prices to ridiculous levels. That's called a racket!
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7 August 2020, 03:13 PM | #42 | |
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Watch: Rolex / Tudor
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Quote:
I agree 100%. Rolex can do that by opening their own boutiques. Already, ADs that are Rolex exclusive boutiques are better than not exclusive ones because they have way more control from Rolex. That’s why I prefer dealing with those boutiques. Sent from my iPhone using Tapatalk
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Good watches are made to tell time but some brands are obsessed to tell it in the most beautiful way possible. |
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9 August 2020, 06:48 AM | #43 |
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Join Date: Nov 2019
Location: Malaysia
Posts: 122
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ADs collaborating with resellers and split the premium
Heck, even an AD sales manager told me they had 114060 in stock, but asking for 30% premium on the spot. |
9 August 2020, 10:26 AM | #44 |
Banned
Join Date: Aug 2020
Location: USA
Watch: 126710BLNR
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My local AD lost their dealership status because they were selling all the hot models to family members lol.
Even walked in and talked about the white dial daytona and the owner said something along the lines of "yeah it would be hard to get any of the SS daytonas because usually a family member snatches it up first." Good riddance I say- since then I've found a great AD- got the daytona and new batman within a year. |
9 August 2020, 10:40 AM | #45 |
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Join Date: Aug 2016
Location: Far East Asia
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Harrods in London fired the whole watch department people because the staffs flipped the hot models.
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9 August 2020, 10:43 AM | #46 |
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Join Date: Jul 2020
Location: Miami, Florida
Posts: 113
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I have heard that private investigators are investigating these kinds of behavior. ADs have lost the relationship with Rolex and employees have been fired.
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