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#121 | |
"TRF" Member
Join Date: Jun 2013
Location: TX
Watch: Daytona
Posts: 3,225
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Quote:
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#122 |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Love all these comments. It's a good discussion that's happening here.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#123 | |
"TRF" Member
Join Date: Oct 2009
Real Name: Kenny
Location: northern ireland
Watch: SDs, Subs & GMTs
Posts: 5,132
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Quote:
Fortunately I have never been a huge fan of the Daytona and whilst I might not decline one if offered at MRRP (will never happen though), I certainly will never go chasing one at an inflated price. The real big disappointment for me however is that Rolex appear to be taking no steps to prevent the hiked up prices where these watches are being sold outside of ADs, given that the watches must in the first instance be sourced either via ADs or Rolex directly? Not sure what message that send out! |
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#124 |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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I think Chad has a good point. I think you are wrong.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#125 |
Banned
Join Date: Oct 2014
Real Name: The Enabler
Location: South Cackalacky
Watch: me crash my bike
Posts: 5,564
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There are some people who want it so they can flip it for an easy profit. However, there are some who want the watch wear and have zero intentions of flipping. It really sucks for them, but that's capitalism. Demand is extremely high, and supply is low.
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#126 |
"TRF" Member
Join Date: Jul 2013
Location: Singapore
Watch: Rolex GMT IIc
Posts: 159
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Easy way out, just walk across the street to the AP boutique and get a Royal Oak. Why bother to wait 7~8 years. Many of us just got tired of this Daytona bull-shiit and spent our money on other brands.
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#127 |
Banned
Join Date: Oct 2014
Real Name: The Enabler
Location: South Cackalacky
Watch: me crash my bike
Posts: 5,564
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#128 |
"TRF" Member
Join Date: Jun 2011
Real Name: Eric
Location: California
Watch: MkXVIII, 3570.50
Posts: 1,966
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I left Rolex two years ago because of their direction and haven't looked back. The SD43 was the final nail in the coffin.
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#129 |
"TRF" Member
Join Date: May 2011
Location: DC Metro
Posts: 327
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#130 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Quote:
I haven't looked. I'm not really interested. As per the OP, this whole thing came up from the casual conversation. If I'm ever to get a Daytona again, it's going to be the blue dial or the new oysterflex version. I still think the issue is ridiculous. The AD would not even take an order if someone did not have a purchase history? And if they do it's a 7 year wait? I don't know how anyone can justify the that. But true story, it's a private company and they can do as they wish. Clearly they don't need my support, approval or my money. They are doing just fine without me. And I'm doing just fine without them too.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#131 |
2024 Pledge Member
Join Date: May 2013
Real Name: Matt
Location: Tampa, FL
Watch: Hulk/SD4K/SeaQ/P39
Posts: 3,188
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And just think I got one new from an AD for MSRP in 2003 which I believe was $6,550 at the time. The price is now doubled in less than 15 years????? Whatever Rolex is doing it's obviously working.
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Why is it, "A penny for your thoughts," but, "you have to put your two cents in?" Somebody's making a penny. |
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#132 | |
Banned
Join Date: Oct 2014
Real Name: The Enabler
Location: South Cackalacky
Watch: me crash my bike
Posts: 5,564
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Quote:
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#133 |
2024 Pledge Member
Join Date: Jul 2009
Location: Cave
Watch: Sundial
Posts: 33,906
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The same could be said about a number of other brands. Patek comes to mind. It's just the nature of the business to limit production to boost perceived value. Meh. Luckily I either have or don't care to have many of these models.
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#134 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Quote:
I wonder though how many people have potentially left the brand and what kind of other watches could have been sold. Clearly, they are killing it though. So my guess is that your observation is spot on.
__________________
If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#135 | |
"TRF" Member
Join Date: Mar 2011
Real Name: Michael
Location: RTP, NC, USA
Watch: ♕& Ω
Posts: 5,170
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Quote:
I'm reminded of when I was buying a BMW back in the early aughts. My salesman had just delivered a new Z8, which at the time was about $135K MSRP, and he was stoked because he'd sold it for $25K over sticker. I asked him, "did you give the customer a tube of K-Y with the car?" He was not amused. I was. I thought I was hilarious. I also thought it was a terrible thing for the dealer to do, but they were just responding to the supply and demand.
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Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds... |
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#136 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Quote:
And just so they can enjoy this peak, and the hype, they are very potentially leaving a lot on the table in other ways. Human nature I suppose. For sure they are on top and doing it right. It's just not for me, at this point in time.
__________________
If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#137 |
"TRF" Member
Join Date: May 2015
Location: Earth
Watch: 126619LB and more
Posts: 5,207
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IMO, the Rolex business model encompasses Rolex itself, ADs and yes, the grey dealers. Rolex's primary objective as it is with any commercial enterprise is to make as much money as possible. If the official and unofficial distribution network (which IMO is just an extension of ADs) were not meeting Rolex's expectations for profitability, they would change it in a heartbeat. To prop up prices, create scarcity.
Unfortunately those of us who haven't spent a boatload of money at an AD or are willing to pay a premium don't fare well in this business model for acquiring a popular piece. |
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#138 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Quote:
Agree. But I'd love to bring up my Ford experience again. I had bought many cars from this one dealership. He would not budge off of the 20k over lost for the GT350. He lost me as a customer and we have bought 3 more Fords since then. Was that worth the price gauging? Well, they too are killing it, so obviously I'm the dope here. ![]()
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#139 |
"TRF" Member
Join Date: Mar 2017
Location: Winchester
Watch: 116660
Posts: 128
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I'm fortunate that the 500C, and even the Daytona generally was not a watch on my hit-list - but one could argue that, in a way, the marketing is doing something right, because Rolex have essentially forced three categories of customer for this piece:
1) People who have managed to get one, at list or thereabouts, and couldn't be happier, feel lucky, like they've hit the jackpot even... 2) People who have managed to get one, and paid way over the odds, but feel like they've got something exclusive, hard to come by and valuable 3) People who reeeeeeally want one bad and are willing to add their name to an 8 year waiting list to get hold of one and will eventually become '1's' (or 2's if they decide they just can't wait any longer). At this point, if Rolex now just churn out thousands of them and flood the ADs, a fair number of people will be as unhappy as people who are 3's but want to be 1's sooner. |
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#140 |
Banned
Join Date: Oct 2014
Real Name: The Enabler
Location: South Cackalacky
Watch: me crash my bike
Posts: 5,564
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Exactly!! They lost my business. During a trip to Disney last November, I was debating on a white DJ2 and a 15400. Paid a visit to David and you know the rest. The entire experience with my AD soured me on Rolex for a while, but I came around.
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#141 | |
2024 Pledge Member
Join Date: Jan 2010
Real Name: Chris
Location: San antonio, TX
Watch: 116610LV
Posts: 2,140
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Quote:
But seth, isn't this just part of marketing to increase brand equity? Isn't part of having a luxury brand all about EXCLUSIVITY? They do that in part with price, as do ALL luxury brands, even Omega. ![]() |
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#142 |
"TRF" Member
Join Date: Apr 2011
Location: Hong Kong
Watch: Gold Sub 116618LN
Posts: 2,820
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Seems absurd. I've seen several over the past year in shop windows.
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Things are more like they are now than they ever were before. |
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#143 | |
2024 Pledge Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,767
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Quote:
In response, Adam my friend is very aware that patience is not my strong point. And while I actually would love to still have those, they were all sold...one was destickered and worn by me. And I get your point above. I genuinely do. I just don't agree with how they are going about it. Haven't seen Omega do this though. They simply had LE watches with limited numbers. Imho, it's different.
__________________
If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#144 | |
"TRF" Member
Join Date: Jun 2013
Location: TX
Watch: Daytona
Posts: 3,225
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Quote:
Actually main point is not to sell the watch to non-regular customers is that Rolex is pretty much aware about the resale value in market now and AD's don't want some random person purchase it and then sell it for profit. So, that's why we hear stories that AD selling without stickers on and someone actually asked the customer to engrave something. All this is to avoid customers from flipping it for profit. Selling to known customers is also part of the same strategy. I bought many Rolex from my regular AD and I can be on his list but I don't expect some random AD whom I have no contact to put me on his list over his regular customers and trust me as much as my own AD. Its just business!! ![]() tdlr: So, imagine if you become Rolex AD tomorrow, will you be selling away the watch to anyone walking in the store and say there is no list or preference for your loyal customers? |
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#145 |
2024 Pledge Member
Join Date: Sep 2015
Location: Florida
Posts: 3,081
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whoops, wrong thread.
deleted
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#146 | |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
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Quote:
![]() Yes, and how do they get people to buy these slower moving models? By having more people interested in the brand due to the Daytona hype and then settling for one of these slower sellers just because of the name, which we all know is what draws 90% of buyers to Rolex. While it must be galling for Rolex to see so much of the profits of the hype going to resellers and flippers the D500 is performing its primary function of increasing brand equity and awareness and overall sales. |
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#147 | |
"TRF" Member
Join Date: Jan 2017
Real Name: Ricardo
Location: Scotland
Watch: Rolex BLNR
Posts: 851
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Quote:
Have you seen the threads about AD's withholding the warranty cards; some saying the case backs needs to be engraved; only giving to prequalified customers who have a history of purchasing and retaining other models ... What would you suggest is done? |
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#148 |
"TRF" Member
Join Date: Jan 2013
Real Name: SMD
Location: LGA/EWR/ORD
Watch: AP/PP
Posts: 3,697
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The Daytona is simply the sugar that helps the medicine (unpopular models) go down for ADs. And ADs use it to package a Daytona with slow moving pieces or otherwise reward people who help them move inventory. It's all about moving lots of watches and it's in their best interest to keep the grey market alive and well fed.
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#149 | |
"TRF" Member
Join Date: May 2015
Location: Earth
Watch: 126619LB and more
Posts: 5,207
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Quote:
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#150 |
"TRF" Member
Join Date: Feb 2013
Real Name: Flavio
Location: N/A
Posts: 14,654
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Can't say I care about this trouble with the Daytona. A cyclops on a Sea Dweller bothers me much more.
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