Normal practice???

[AKCJ1]

Hi. I am awaiting a new Air-King via my local dealer. Prior to going away on holiday I could contacted the local authorised dealer to enquire what stock they had, and the possibility of purchasing a Rolex.
I received a reply a few weeks before going away that he had nothing at the moment it was getting stock of some watches, but didn’t know what yet, which was promising. On arrival at the store they had no stock, as in not even display models, none!! He said he’d be getting some stock in that week. As I was travelling to another part of the country I arranged to pop back before we flew home.
The dealer contacted me later in the week, and, to my surprise and excitement, he was getting a new Air-King. Here was the catch, he wanted double the retail price, and to be paid via bank transfer straight away?? Is this normal, and r even standard practice? Should I be wary of this? I have declined his number ver, and have heard nothing since from the dealer.

[Andad]

An Air King at double retail?

Pass on the price and the AD.

[padi56]

Originally Posted by Andad

An Air King at double retail?

Pass on the price and the AD.

Have to agree had quite a few of these type posts on forum lately, but find them hard to believe that any official Rolex AD would do this.

[minute_man]

Not normal. Pass. I wonder if they're actually allowed to do that in the UK and if they would issue a receipt for the full amount.

[omx5o]

April 1st again.

[1665fan]

Originally Posted by omx5o

April 1st again.

Pretty much

[Harry-57]

Originally Posted by omx5o

April 1st again.

Looks like.

[mountainjogger]

Welcome to the forum.

[brandrea]

Originally Posted by mountainjogger

Welcome to the forum.

Yes welcome OP

[GB-man]

Jump on that. Will be 5x by June.

[SudiYunus]

Originally Posted by GB-man

Jump on that. Will be 5x by June.

Revised: 3,5x

[tudk]

Originally Posted by GB-man

Jump on that. Will be 5x by June.

Wrong
6x

[Flint]

Originally Posted by AKCJ1

Hi. I am awaiting a new Air-King via my local dealer. Prior to going away on holiday I could contacted the local authorised dealer to enquire what stock they had, and the possibility of purchasing a Rolex.
I received a reply a few weeks before going away that he had nothing at the moment it was getting stock of some watches, but didn’t know what yet, which was promising. On arrival at the store they had no stock, as in not even display models, none!! He said he’d be getting some stock in that week. As I was travelling to another part of the country I arranged to pop back before we flew home.
The dealer contacted me later in the week, and, to my surprise and excitement, he was getting a new Air-King. Here was the catch, he wanted double the retail price, and to be paid via bank transfer straight away?? Is this normal, and r even standard practice? Should I be wary of this? I have declined his number ver, and have heard nothing since from the dealer.

What are moderators doing to end ridiculous threads such as this one ?

[Kevin of Larchmont]

Perfectly normal.

[dannyp]

Says the OP lives in the UK, but not clear if that's where he's traveling now/where the dealer is. This would be very uncommon in the UK I should think, but other parts of the world it seems to be more accepted.

Also not entirely clear: Is this the dealer's last 116900 coming in or the first 126900?

[worldofoyster]

not normal and report the AD.

[Robf52]

Originally Posted by worldofoyster

not normal and report the AD.

This.

[AKCJ1]

No, not an April fool. And it should have finished that I’d declined his offer, not number.
The AD is based in Colombo Sri Lanka, and is an authorised dealer as I’d found the details on the Rolex website. Possibly l, due to the situation in the country, he is trying to make as much money as possible. Alarm bells rang a bit when I visited the store and they had not one Rolex on display.

[krchrist]

Originally Posted by AKCJ1

.... I visited the store and they had not one Rolex on display.

the only common practice i see in this story

[asiparks]

Originally Posted by AKCJ1

No, not an April fool. And it should have finished that I’d declined his offer, not number.
The AD is based in Colombo Sri Lanka, and is an authorised dealer as I’d found the details on the Rolex website. Possibly l, due to the situation in the country, he is trying to make as much money as possible. Alarm bells rang a bit when I visited the store and they had not one Rolex on display.

Chatham between the Cinnamon Grand and Shangri La ?
I used to go in there frequently, seemed like good people, but given the horrendous economic circumstances being suffered by the populace, nothing there is "normal"-
I would try and get at least double the price from a foreigner if I were them.....

edit to add- the country was awash with fakes brought in by the workers building Port City and the lotus tower, so if it's not Chatham, be diligent....

[Flint]

Originally Posted by AKCJ1

No, not an April fool. And it should have finished that I’d declined his offer, not number.
The AD is based in Colombo Sri Lanka, and is an authorised dealer as I’d found the details on the Rolex website. Possibly l, due to the situation in the country, he is trying to make as much money as possible. Alarm bells rang a bit when I visited the store and they had not one Rolex on display.

AKCJ1 , please accept my apologies for comments I made when I first read and along with others I thought was April fool all over again ! However an AD such as this one does need reporting .

[Harry-57]

Originally Posted by AKCJ1

The AD is based in Colombo Sri Lanka, and is an authorised dealer

Have you asked locally? The customs, habits, red lines and consumer law shouldn't be hard to ascertain if you're actually in the middle of it.

[Van Scott]

Of course its normal. This is an investment, after all.

[Foxiness]

10x by end of year

[AKCJ1]

I’d understand if if it was a private or grey seller.
Retail of £5900, but asking 12,900.00 US dollars is a bit much. If he’d asked for a bit more then fine, but there is a limit. As quoted earlier, would the receipt have had that higher amount on an official receipt?
And I know it would go up in value, but I’m not looking at selling it, it is the watch I want, not profit from!!

[AlabamaLawyer1988]

Uh huh…

DM

[omar-rye]

Lol are you sure it was your AD calling? Sounds like a scam call

[AKCJ1]

Originally Posted by omar-rye

Lol are you sure it was your AD calling? Sounds like a scam call

Yes, I actually went in to meet him on our first day.

And, yes to the question of location, it is the one next to the Shangri-La hotel.

[Chewbacca]

Originally Posted by AKCJ1

Hi. I am awaiting a new Air-King via my local dealer. Prior to going away on holiday I could contacted the local authorised dealer to enquire what stock they had, and the possibility of purchasing a Rolex.
I received a reply a few weeks before going away that he had nothing at the moment it was getting stock of some watches, but didn’t know what yet, which was promising. On arrival at the store they had no stock, as in not even display models, none!! He said he’d be getting some stock in that week. As I was travelling to another part of the country I arranged to pop back before we flew home.
The dealer contacted me later in the week, and, to my surprise and excitement, he was getting a new Air-King. Here was the catch, he wanted double the retail price, and to be paid via bank transfer straight away?? Is this normal, and r even standard practice? Should I be wary of this? I have declined his number ver, and have heard nothing since from the dealer.

Welcome.

As a fellow CJ and person of means to afford a Rolex and the intelligence to sign up on a forum and use the internet, what does your gut instinct tell you about this encounter, irrespective of whatever ‘practice’ is? Would you buy anything from anyone representing a prime worldwide brand (assuming your dealer is an AD) when they ask for double the money on a common and available item, and via wire only?

There’s your answer.

[JSol1]

Assuming this is sincere, are you sure it’s an AD and not a watch dealer/jewelry shop? I’ve had a couple of acquaintances not realize the difference so it’s a sincere question…