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#31 |
"TRF" Member
Join Date: Sep 2019
Location: Zurich, CH
Posts: 119
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#32 |
"TRF" Member
Join Date: Jun 2017
Location: Odorious Onion
Watch: yes, it's hipster
Posts: 1,587
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__________________
Here come dat boi Jerry |
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#33 | |
"TRF" Member
Join Date: Sep 2008
Real Name: Clive
Location: Exoplanet
Watch: spring-driven
Posts: 38,856
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Quote:
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#34 | |
"TRF" Member
Join Date: Mar 2011
Location: Sunny Scotland
Posts: 593
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Quote:
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#35 |
"TRF" Member
Join Date: Feb 2018
Real Name: Jason
Location: Vancouver, BC
Watch: 114060
Posts: 319
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#36 |
Banned
Join Date: Mar 2020
Location: Texas
Posts: 70
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Hmm... That construction on the side of my A.D. must be a new drive through window.
:) |
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#37 |
"TRF" Member
Join Date: Jan 2011
Location: London/Tokyo
Watch: FPJ CO BL
Posts: 1,659
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Not ALL ADs are closed. Maybe in the US and some parts of Europe but in Japan every AD is still open along with department stores. Just fyi.
__________________
F.P.Journe Chronometre Optimum Black Label, Patek 5811G-001, Patek 5167A-001, Blancpain Fifty Fathoms Automatique - 5010 12B30 B64B, Rolex Yacht-Master 40 Everrose, (Wh) Rolex Daytona 116500 IG: tokyo_watch_guy |
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#38 | |
"TRF" Member
Join Date: Jan 2018
Location: Toronto
Watch: 126710BLNR
Posts: 217
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Quote:
Chinas domestic market is not enough to keep the many many millionaires as millionaires. China is in trouble if the west does not start buying again. China will not be buying Rolex's enmasse, no more than you would if you got the call form an AD. So many on TRF flexing, like it was last year. |
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#39 |
Banned
Join Date: Jul 2019
Location: USA
Posts: 241
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Hourglass in Sydney closed indefinitely I was told. Contact said they aren’t sure when they will reopen.
Sent from my iPhone using Tapatalk |
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#40 |
"TRF" Member
Join Date: Jan 2018
Location: Middle East
Posts: 1,808
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Well you can now buy Patek Philippe online from Watches of Switzerland in the UK so I would very much say watch this space......
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#41 |
Banned
Join Date: Dec 2019
Location: London
Posts: 978
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Maybe they will just smelt old stock, much like other luxury manufacturers. ☺️
https://www.google.com/amp/s/www.vox...y-nike-h-and-m Cartier owner destroys more than £400m of watches in two years https://www.theguardian.com/business...y_to_clipboard |
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#42 | |
"TRF" Member
Join Date: May 2013
Location: Maryland
Watch: 16613, 16570
Posts: 622
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Quote:
+1 Except I would buy the hulk. But probably not a Daytona (whereas I would have a few months ago). Sent from my iPhone using Tapatalk Pro |
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#43 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Feb 2007
Location: Japan
Watch: ing your back.
Posts: 16,179
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#44 |
"TRF" Member
Join Date: Mar 2011
Location: Sunny Scotland
Posts: 593
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#45 |
"TRF" Member
Join Date: Feb 2020
Location: UK
Watch: 126300
Posts: 239
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Click bait video by mark Goldberg on YouTube.
Any info he thinks can be passed off as fact, is. Not seen any evidence yet! The latest video announces that Rolex have stock they want to ship. No sh$t. A business has stock they want to send out. Who’d have thought it? I half expected them to want to sit on it and sell nothing. Talk about stating the obvious. |
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#46 |
"TRF" Member
Join Date: Feb 2020
Location: Northern Europe
Posts: 196
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#47 |
"TRF" Member
Join Date: Jun 2017
Real Name: Sal
Location: London
Posts: 2,496
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It smelled like BS regardless but the confirmation that it comes from that fantasist is helpful nonetheless
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__________________
“Never argue with idiots. They will drag you down to their level and beat you with experience." - Mark Twain |
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#48 |
"TRF" Member
Join Date: Feb 2019
Real Name: Scott
Location: USA
Watch: 114060
Posts: 337
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Yesterday I got an email from the RadissonBlu in Lucerne. They told me my reservation is cancelled and they are closing until June. They refunded my money. This is the current direction of Switzerland. No sale, no service.
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#49 |
Banned
Join Date: Aug 2019
Location: EU
Posts: 806
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Not sure how plausible it would be for a Rolex factory or AD to hold their stock of SS professional watches to recreate the artificial high demand in this situation .. I know for a fact most of the ADs are now taking out those safe stashed pieces like SubC for wich they were claiming they don't have them .. All of a sudden they are appearing even though the factory is closed. Meaning, they were there all the time waiting for bundle deals.
This would actually be a good time for Rolex and AD to cash-in that unobtainable image by letting those interested folks to buy what they truly want .. Most other brands don't have this privilege. It might be too late for most of the buyers though, as times in front of us are uncertain and people now feel safer with $10K in cash than $10K in piece of metal .. |
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#50 | |||
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
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Quote:
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__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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#51 |
"TRF" Member
Join Date: Feb 2020
Location: UK
Watch: 126300
Posts: 239
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No one is saying that Rolex is holding on to stock.
More that the YouTube video is click bait and stating the bleeding obvious. They need to get in to start moving stock, by conventional means or online. |
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#52 |
"TRF" Member
Join Date: Oct 2018
Location: Europe
Posts: 185
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I am not sure how it works, because in Switzerland a lot of measures are cantonal. For example the restrictions in Ticino are much more than in VAUD. So probably Rolex decided themselves to close their productions sites, which I believe are in several Cantons. So I am not sure Rolex needs a permission to resume production. For the record - IWC have kept production by restructuring the working space.
Probably Rolex have applied for the financial aid to keep employment, or it is just a rumor. |
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#53 |
"TRF" Member
Join Date: Jul 2018
Location: USA
Posts: 725
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I don’t think it’s going to stop Rolex from shipping to them and they will have pay Rolex nonetheless. AD’s are going to take a big hit. Many might go out of business which is not good for Rolex in the long run. I don’t think this is good for anyone. Sent from my iPhone using Tapatalk |
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#54 |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
Watch: 5205R
Posts: 5,160
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I don’t see what the big deal is to let a handful or 10 people in there who will socially distance themselves from each other to pack some watches up for shipment.
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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#55 |
"TRF" Member
Join Date: Jul 2018
Location: USA
Posts: 725
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I am getting texts fro AD’s in Cancun offering some semi desirable models when they didn’t do this prior to this pandemic. They are hurting the most because their main client base are tourists.
Sent from my iPhone using Tapatalk |
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#56 |
Banned
Join Date: Nov 2013
Real Name: Jim Smyth
Location: Florida
Watch: DD
Posts: 1,842
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#57 |
"TRF" Member
Join Date: Jan 2019
Real Name: Jim
Location: miami
Watch: GMT II 16760
Posts: 1,676
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First I think the OP's original info is BS, period. Rolex closed voluntarily, Rolex will do what it wants when it wants to when they think its responsible to do so. They will not damage their brand image for money they don't need. Money is the last thing they need. Their image is their precious jewel.
There are lots of questions that no one has the exact answers to, there are many good answers but no one knows the one perfect answer yet. So I can only go based on common sense and my own perspective like everyone else should and thus the many good answers but again no one knows for sure. So I have a great relationship with my AD and have not received a text regarding the two pieces I am looking for. Whether I buy or not is a different story, I seem to oscillate between yes and no on a daily basis! So do I think ADs have this hidden treasure trove in their safes. My common sense answer is that maybe some did but not at this point. ADs are smart they see whats going on, what sense does it make to keep a watch in the safe if they can sell it. They'll worry about bundles and allocations 3 months from now(hopefully). Right now bringing in cash is the main priority. Are the Chinese buying already? I would tend to think that most Chinese took a financial hit as most other people around the world did and are. So I would think any buying is very limited at best. Is the everyday Chinese people running around as they used to all of a sudden? I doubt, I know if it were me I would be cautious and even skeptical for a few weeks. I can tell you this if a vaccine were to come out today you think I would be first in line? Absolutely not. I'm skeptical enough to make sure people don't have second heads growing out of their right shoulders first. Am I running straight to the Aventura Mall? Absolutely not! I want to know that it is 110% virus free. Are Gray prices falling or going to crash? My guess is that most Grays are successful smart business people that have made a boat load of money over the past 4 years. Most will not panic unless things get totally out of hand and go on past the summer then all bets are off. If a second wave hits in the late fall/winter then again all bets are really off. My thinking is there is less downside to doing nothing and sitting tight cause everything still points to worse before better. When that reverses you can start to venture into making moves in any way or thing you want to. That's how I look at it right or wrong. Keep a cool head, be safe and be patient. Don't try to guess at anything, too many moving parts and very few answers. I'm sure we the public are not being told everything, that I'm positive about. |
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#58 | |
"TRF" Member
Join Date: Jan 2020
Real Name: KP Jimmy
Location: Singapore
Watch: R/AP/FPJ/Hermès/et
Posts: 6,597
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Quote:
In the last 3 weeks, there’s a flood of posters on TRF who seem to know how Rolex thinks, why they do what they do, and how. ![]()
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#59 |
"TRF" Member
Join Date: Jan 2019
Real Name: Jim
Location: miami
Watch: GMT II 16760
Posts: 1,676
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This just popped into my inbox. This is from a very large used dealer and very reputable, I've bought a ceramic Channel watch for my wife from them a while ago. They send out a monthly catalog that is pretty substantial. Don't consider them a gray cause I don't see the new stickered watches there and very few of the hot SS pieces if any at all. Just a very good local used watch dealer and nice people to deal with actually. Three things popped out to me. The lead headline is for loans on watches, they are in one of the most affluent areas in the country and they're advertising to make loans on your watches? They state to send your watch by USPS Registered Mail only, so that answers the question of which is the best way to ship a watch. Third their "on sale" list is substantially larger than what's in their catalogs, it may be just a space restriction in the catalog but that's a lot of watches( 5 pages) they are trying to clear out. The fact that they are willing to lend out large sums of money means they are not hurting for cash but the fact that they put so many watches on the clearance rack tells me maybe they just want to free up that cash to make lucrative watch and jewelry loans?? If you're looking for things other than vintage collectables or hot SS models you may want to check them out.
As I said in previous post, be patient and clues will start to appear as to what's really happening and what is in people's heads. Here's a snippet of the email. WATCHES JEWELRY ACCESSORIES SERVICES SALE RELAX! SAME DAY JEWELRY/WATCH LOANS AVAILABLE: $1,000 - $500,000 Send us an email with your phone number, describing your items. Send images and anything that may help us accurately quote your watch or jewelry. Click here to email us: loans@grayandsons.com Call your Concierge Specialist or dial 305.770.6955 We are buying and repairing! Clients that are interested in sending in items for repair or to sell, or need a short-term loan on your valuables, Ship Only U.S. Post Office Registered Mail and Insured. |
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#60 | |
"TRF" Member
Join Date: Feb 2018
Location: London
Posts: 606
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Rolex applying to Swiss government to (partially) reopen so they can move stock?
Quote:
Well said, most people have more serious things on their minds to be worried about than Rolex watches. Let us see what happens. |
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