Saw this at costco today...

[fiendfx]

Looks like even costco, knows the value of these watches... What is MSRP price on this one?

[Danny83]

$48,850

[railgrail]

The blingy bling to the chintzy chintz.

Rolex really is a Costco type brand.

[insert Costco parking lot wrist shot.]

[fiendfx]

Originally Posted by Danny83

$48,850

Wow.. somebody buy this now... lol

[www777]

How does this work. Do they buy grey market and resell? Is this legal? It’s one thing if a little mom and pop does this vs a massively big company.

[Psijason]

They aren't considered an AD right?

[railgrail]

overstock.com was also getting Rolex and isn't an AD either. they are dumping watches clearly. must be all that strong demand out there.......

[chad362wiley]

Don’t they only take 15% on everything. Also heard their return policy is ridiculous. Can buy a watch and if anything goes wrong just take it back for a 100% refund lmao

[Bigblu10]

Originally Posted by www777

How does this work. Do they buy grey market and resell? Is this legal? It’s one thing if a little mom and pop does this vs a massively big company.

Yes, grey market watches, most likely many that are slower movers. Sure they can sell them, legal as long as they don't claim to be an authorized dealer.

[AK797]

Originally Posted by chad362wiley

Don’t they only take 15% on everything. Also heard their return policy is ridiculous. Can buy a watch and if anything goes wrong just take it back for a 100% refund lmao

I still dispute this, they wouldn't take back an unused pearl necklace of my sister's for £300 without getting the manager involved and some hassle, so I suspect they will come up with some jargon to refuse a return, esp if not pristine. I would need a written guarantee on the watch in question before buying, store policy is too vague.

[mjolnir2thor]

Originally Posted by Psijason

They aren't considered an AD right?

If you look on the Rolex website, you’ll see Costco as an AD!!!

[Psijason]

Originally Posted by mjolnir2thor

If you look on the Rolex website, you’ll see Costco as an AD!!!

Ha ha. I don't think so.

[siempreko]

A variety of Rolexes show up at Costco, from time to time...


Sent from my iPhone using Tapatalk

[WhiskeyKoffee]

Why in the world would anyone think this is illegal?

A gazillion different sources can sell you a preowned Rolex, but Costco can't?

[You]

Since this is Costco would this watch be brand new or is it preowned?

My Costco where I live also sells Rolex, Cartier, and Patek

[bruinmd]

Originally Posted by WhiskeyKoffee

Why in the world would anyone think this is illegal?

A gazillion different sources can sell you a preowned Rolex, but Costco can't?

Exactly. I think it's great.

I saw a Platinum Daytona with the ice blue dial (my ultimate Rolex grail watch) priced at approx $10K below retail, at $65K, at Costco, about a year ago.

I had the chance to try that watch on about 3 years ago. So stunning.

[Bt122]

Would u spend $35k st Costco?

[imperio]

Originally Posted by You

Since this is Costco would this watch be brand new or is it preowned?

My Costco where I live also sells Rolex, Cartier, and Patek

Patek... Wow.

[You]

Originally Posted by imperio

Patek... Wow.

Yeah, I was shocked when I saw that.

[eyeheartny]

Originally Posted by railgrail

The blingy bling to the chintzy chintz.

Rolex really is a Costco type brand.

[insert Costco parking lot wrist shot.]

Dunno man, Costco has had some great diamonds, rare whisky, and other killer items. Don't confuse Costco with Walmart or Sam's Club.

[eyeheartny]

Originally Posted by Bt122

Would u spend $35k st Costco?

Why not? I'd get Chase Ultimate Rewards points I could use on flights/vacations at 2x their cash value.

[burnsniper]

Mine currently has 2 DJs and a Rose Gold Patek!

[bruinmd]

Originally Posted by eyeheartny

Dunno man, Costco has had some great diamonds, rare whisky, and other killer items. Don't confuse Costco with Walmart or Sam's Club.

Exactly. Costco is the only place I know of where you can buy your water and toilet paper in bulk and also find a legit engagement ring or high end watch.
It's most definitely not Sam's club. Those of us who grew up in California are well aware of that.

[Bt122]

Originally Posted by eyeheartny

Why not? I'd get Chase Ultimate Rewards points I could use on flights/vacations at 2x their cash value.

What if someone returns it

[lecorsaire]

Originally Posted by Bigblu10

Yes, grey market watches, most likely many that are slower movers. Sure they can sell them, legal as long as they don't claim to be an authorized dealer.

Yeah. I’ve only seen Datejusts at mine. SS and TT jubilee. Also some Lady DJs. The only semi-popular watch I’ve seen was a blue GV that sold within my next visit. They had it for $6800 which was a pretty good price. Usually that’s the sort of price you can only get online from a grey.

As far as other brands, some under $10k steel JLCs, Omegas and Breitlings. No Navitimer though.

[Aloha808]

That’s what we have at our Costco.


Sent from my iPhone using Tapatalk

[Bigblu10]

Originally Posted by lecorsaire

Yeah. I’ve only seen Datejusts at mine. SS and TT jubilee. Also some Lady DJs. The only semi-popular watch I’ve seen was a blue GV that sold within my next visit. They had it for $6800 which was a pretty good price. Usually that’s the sort of price you can only get online from a grey.

As far as other brands, some under $10k steel JLCs, Omegas and Breitlings. No Navitimer though.

Somebody posted a YG blue Sub at a Costco in California, so sometimes higher priced desirable pieces do show up. Only thing I ever seen were some DJ's at mine.

[Etschell]

buy it for 36k and youll lose an easy 5k.

[Chadridv]

Originally Posted by Aloha808

That’s what we have at our Costco.


Sent from my iPhone using Tapatalk

That’s actually a great price these days! That model has gonna up in value since the OF line was released.

[www777]

Costco is a huge company. Do they have a department with a staff calling Rolex dealers to buy slow turn inventory to resell? How long does that 35,000 Rolex sit there befor they sell it. Kind of a waste of time for them. I assume they don’t care if it sits there forever as 35,000 is a cheap marketing expense to show everyone who walks in the store they are higher positioned in the market since they sell Rolex.