Does anyone work at an AD?

[KrismanX]

I am interested... I wonder how well they are paid. That...And the potential for discounts.

[RolexAuthority]

I'm in ADs so often and promoting Rolex on here that I'm practically an unpaid employee

[tkerrmd]

They are allowed to buy one Rolex yearly at cost...about 35% off

I have many friends at the AD, the salary range is very wide, remember I am talking about Mayors, and they sell a lot more than Rolex watches

[rdragon]

Oh, wow, one/year. Wasn't aware they were allowed to get one that frequently. Is there anything in place that prevents them from flipping?

[tkerrmd]

Originally Posted by rdragon

Oh, wow, one/year. Wasn't aware they were allowed to get one that frequently. Is there anything in place that prevents them from flipping?

Backs are engraved, not that ya can't change them

[rdragon]

Originally Posted by tkerrmd

Backs are engraved, not that ya can't change them

Ah ha, I see.

Originally Posted by Chadridv

It becomes their property. Although likely frowned upon, unless it was in a signed document, I really don't see what could prevent an individual from selling their property.

Yeah, I assumed they could do as they please as well. I was just wondering. I once offered someone to buy using their discount (knowing they weren't going to purchase one, and obviously give them a cut while at it), but they were so hesitant (felt like they might have got in trouble if they did that) that I didn't ask more details.

[Headshrinker]

I worked at one when I was in high school some thirty years ago and got 35% with no tax.

[Chadridv]

Originally Posted by rdragon

Oh, wow, one/year. Wasn't aware they were allowed to get one that frequently. Is there anything in place that prevents them from flipping?

It becomes their property. Although likely frowned upon, unless it was in a signed document, I really don't see what could prevent an individual from selling their property.

Originally Posted by Headshrinker

I worked at one when I was in high school some thirty years ago and got 35% with no tax.

Was that discount also an annual perk back then, as others have suggested it is current day?

[Etschell]

Originally Posted by Chadridv

It becomes their property. Although likely frowned upon, unless it was in a signed document, I really don't see what could prevent an individual from selling their property.



Was that discount also an annual perk back then, as others have suggested it is current day?

you are talking about flipping for what? 10k max once a year. its not a huge amount of $$. plus how many rolex are worth $35k+ and how many AD staff are buying those? for them to buy a $10k watch and flip it to make maybe $2k, i dont see it as a problem.

keep in mind the store still makes $ on the sale even with a 35% discount. watches have large markups from wholesale to retail.

[mannyv11]

Originally Posted by Etschell

you are talking about flipping for what? 10k max once a year. its not a huge amount of $$. plus how many rolex are worth $35k+ and how many AD staff are buying those? for them to buy a $10k watch and flip it to make maybe $2k, i dont see it as a problem.

keep in mind the store still makes $ on the sale even with a 35% discount. watches have large markups from wholesale to retail.

ad purchases the watch at 62 percent of MSRP according to forum sources.
(I think I said that right lol)

So at the most we are talking about the AD making 3 percent on that watch, if the employee is allowed to purchase it at 35% off.

[Etschell]

Originally Posted by mannyv11

ad purchases the watch at 62 percent of MSRP according to forum sources.
(I think I said that right lol)

So at the most we are talking about the AD making 3 percent on that watch, if the employee is allowed to purchase it at 35% off.

well then it is less than i thought. that said, i am sure other companies have larger markups with the less hot selling watches.

[Etschell]

Originally Posted by mannyv11

ad purchases the watch at 62 percent of MSRP according to forum sources.
(I think I said that right lol)

So at the most we are talking about the AD making 3 percent on that watch, if the employee is allowed to purchase it at 35% off.

I wonder if they have to pay tax? which would reduce the savings by 5-8%...

[dera]

Originally Posted by mannyv11

ad purchases the watch at 62 percent of MSRP according to forum sources.
(I think I said that right lol)

So at the most we are talking about the AD making 3 percent on that watch, if the employee is allowed to purchase it at 35% off.

Just to clarify because this 62% is a number I often read here.

None of the numbers above are correct for European ADs. Their profit margins and pricings also depend on the exchange rate of CHF. Could be true for chain ADs who don't buy directly from Rolex though.

To put some numbers out there - One of my recent purchases retails at 6750EUR, and I paid just over 4000EUR for it (and yes, I have receipts for it too, full AD, my name in warranty, diet coke, green Rolex bag, the works...)
Same watch from a trusted seller here in TRF was just under 6000USD, so almost 1500EUR more expensive than AD.

Like I said - I can't afford trusted sellers, so I have to buy from ADs :)

[VICI]

Eh... Don't understand why people buy at AD's anymore.

[SWISSAHOLICS]

Originally Posted by VICI

Eh... Don't understand why people buy at AD's anymore.

The experience and the Diet Coke

[zama]

Originally Posted by SWISSAHOLICS

The experience and the Diet Coke

And the white gloves

[Jocke]

Originally Posted by VICI

Eh... Don't understand why people buy at AD's anymore.

Is there any else places? Where do you believe the greydealers got their watches?

[Passionata]

Originally Posted by Jocke

Is there any else places? Where do you believe the greydealers got their watches?

@costco they have pateks on shelf these days too

[dera]

Originally Posted by VICI

Eh... Don't understand why people buy at AD's anymore.

Can't afford the trusted sellers so I have to buy at ADs :(

[VICI]

Originally Posted by SWISSAHOLICS

The experience and the Diet Coke

Do they offer a Coke Zero to justify the extra '0' in the final price? Lol.

Makes the premium totally justified then

Originally Posted by Jocke

Is there any else places? Where do you believe the greydealers got their watches?

Exactly... They can get the bulk discount and we then take a less than 'bulk' discount

Originally Posted by dera

Can't afford the trusted sellers so I have to buy at ADs :(

You need to find new trusted sellers then :) lol

[dera]

Originally Posted by VICI

You need to find new trusted sellers then :) lol

If you can find some that beat AD prices, feel free to share that info :) On average I save 20-25% on ADs compared to trusted sellers :)

disclaimer: Obviously this is not in the US.

[bayerische]

Originally Posted by dera

Can't afford the trusted sellers so I have to buy at ADs :(

Well my friend, I think you know a couple of good places to buy!

[cdmorenot]

Originally Posted by dera

Can't afford the trusted sellers so I have to buy at ADs :(

First World Problems! - I've only gotten one watch from an AD, and it wasn't a Rolex. It was a Tudor. I mainly use them because they have fantastic espresso.

[rr-nyc]

Originally Posted by VICI

Eh... Don't understand why people buy at AD's anymore.

Because if nobody bought from ADs, there wouldn't be any. And if there weren't any ADs, there wouldn't be any trusted sellers, or even more so, no Rolex


Sent from my iPhone using Tapatalk

[VICI]

Originally Posted by rr-nyc

Because if nobody bought from ADs, there wouldn't be any. And if there weren't any ADs, there wouldn't be any trusted sellers, or even more so, no Rolex

Sent from my iPhone using Tapatalk

I have the utmost faith that the trusted sellers can sustain them. All joking aside, some people like to walk out with a Rolex bag

[DeeTee]

Originally Posted by VICI

I have the utmost faith that the trusted sellers can sustain them. All joking aside, some people like to walk out with a Rolex bag

I prefer trusted sellers but your crazy thinking it can sustain just through them. AD's across the world spend millions building retail environments and advertising to bolster the luxury image, while trusted sellers are guys who meet you in a parking lot with a watch.

Imagine Rolex becoming a parking lot Craigslist item for good. Value would only be in the PM at that point.

[VICI]

Originally Posted by dt32886@gmail.com

I prefer trusted sellers but your crazy thinking it can sustain just through them. AD's across the world spend millions building retail environments and advertising to bolster the luxury image, while trusted sellers are guys who meet you in a parking lot with a watch.



Imagine Rolex becoming a parking lot Craigslist item for good. Value would only be in the PM at that point.

That's why I said "all joking aside"

To each their own regarding what they want to spend.

A dollar saved is a dollar earned. And more for the next purchase

[dera]

Originally Posted by dt32886@gmail.com

I prefer trusted sellers but your crazy thinking it can sustain just through them. AD's across the world spend millions building retail environments and advertising to bolster the luxury image, while trusted sellers are guys who meet you in a parking lot with a watch.

Imagine Rolex becoming a parking lot Craigslist item for good. Value would only be in the PM at that point.

Some of the trusted sellers here prob earn mid six figures and turn over seven figures annually. It's a big business.
10-20% margins on products with no essential overheads is a fantastic business.

But obviously nothing compared to ADs.

[Tools]

Originally Posted by KrismanX

I am interested... I wonder how well they are paid. That...And the potential for discounts.

They're usually Jewelry stores - most pay on commission or give a salary plus commission.

They are not Rolex employees and so any discount on Rolex or any other jewelry would be a Company decision. I'll bet that those policies are vastly different between Dealers..

[Bfd70]

^ 5% tax!
That'd be a dream.
About 10% here.