The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Closed Thread
 
Thread Tools Display Modes
Old 24 March 2014, 11:31 PM   #91
Cc1966
"TRF" Member
 
Cc1966's Avatar
 
Join Date: Aug 2013
Real Name: Christopher
Location: Georgia, USA
Watch: ing the Sea...
Posts: 6,713
I have bought locally at my AD and from on-line grey sellers. Two very different experiences. While the end result was the watch I desired, I would not trade the time spent at the AD building a good rapport and getting to know the folks there ~ along with supporting my local businesses. I believe all Rolex owners should experience the AD route at least once. JMHO...
__________________

"I wish to have no Connection with any Ship that does not Sail fast for I intend to go in harm's way."
Captain John Paul Jones, 16 November 1778
"Curmudgeons " Favorites: 1665 SD, Sub Date, DSSD, Exp II, Sub LV, GMTIIc
Cc1966 is offline  
Old 24 March 2014, 11:48 PM   #92
BillA
2024 Pledge Member
 
Join Date: Mar 2007
Location: US
Posts: 3,870
Some people just have extra money to burn
BillA is offline  
Old 24 March 2014, 11:56 PM   #93
coralfarmer84
"TRF" Member
 
coralfarmer84's Avatar
 
Join Date: Dec 2013
Location: United States
Watch: Rolex, PP
Posts: 1,198
Quote:
Originally Posted by Jake B View Post
That's just silly. Going to an upmarket restaurant you get a steak cooked to perfection by a professional chef. It's likely a heckuva lot better than you'll get from your freezer full of beef at home.

The AD on the other hand, adds nothing to the experience besides a higher price and a cup of tea in a green chair.
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.

You don't waltz into the 5 star restaurant pretending to be interested in buying their steak, insist on trying it first, learn as much as you can about it, then leave without spending a penny heading straight for your grey market steak dealer to buy the same meat for less.

To put some perspective on a few other things.

"Grey dealers get their inventory from ADs so everyone's in the loop"- ok well if you notice a lot of these watches have non US warranty certs meaning technically they were brought into the country ILLEGALLY according to Rolex USA and customs policies. Correct?

"Two words sales and tax" - I assume you never shop at your local stores for ANYTHING and even buy your groceries and toilet paper online to avoid the dreaded evil local business from doing its civic duty. The AD doesn't make a cent on the sales tax, if they could they wouldn't charge it because after all it's not benificial to them. Buying anything sans sales tax from the state you live in is technically breaking the law. I'm sure a lot of trusted sellers sell watches to customers in their state of residence tax free and are hence not in compliance with the law.

Just my .02. And for the record I do buy from trusted sellers as well as my AD.
__________________
Work hard in silence. Let your success make the noise
coralfarmer84 is offline  
Old 25 March 2014, 12:01 AM   #94
coralfarmer84
"TRF" Member
 
coralfarmer84's Avatar
 
Join Date: Dec 2013
Location: United States
Watch: Rolex, PP
Posts: 1,198
Quote:
Originally Posted by BillA View Post
Some people just have extra money to burn
If someone doesn't have the money to "burn" why are they buying luxury watches to begin with? I'm all for getting a good deal but I wouldn't live beyond my means. If anything hurts the Rolex brand it's this. Why do you think fads happen? Because the item is at first only worn by the upper class if you will then all of a sudden the dude making minimum wage saved enough to buy it used from his thrift store. Then everyone is wearing it so no one wants to wear it. It's no longer exclusive. I give you the Ed Hardy experience
__________________
Work hard in silence. Let your success make the noise
coralfarmer84 is offline  
Old 25 March 2014, 12:15 AM   #95
Rags
2024 Pledge Member
 
Rags's Avatar
 
Join Date: Jan 2009
Real Name: Chuck
Location: SW Florida
Watch: 16233,16610,214270
Posts: 11,196
I have dealt with Tony Geha(Justrolexes) three times & each time has been a great experience & I've saved considerable money. To some the AD experience is needed but for me I'll deal with any of the trusted sellers here anytime over a AD.
__________________
16233 Y Serial Datejust
16610 Z Serial Submariner
214270 Explorer

114300 Oyster Perpetual
76200 Tudor Date+Day
Rags is offline  
Old 25 March 2014, 12:17 AM   #96
Jake B
"TRF" Member
 
Jake B's Avatar
 
Join Date: Apr 2011
Location: Hong Kong
Watch: Gold Sub 116618LN
Posts: 2,820
Quote:
Originally Posted by coralfarmer84 View Post
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.

You don't waltz into the 5 star restaurant pretending to be interested in buying their steak, insist on trying it first, learn as much as you can about it, then leave without spending a penny heading straight for your grey market steak dealer to buy the same meat for less.

To put some perspective on a few other things.

"Grey dealers get their inventory from ADs so everyone's in the loop"- ok well if you notice a lot of these watches have non US warranty certs meaning technically they were brought into the country ILLEGALLY according to Rolex USA and customs policies. Correct?

"Two words sales and tax" - I assume you never shop at your local stores for ANYTHING and even buy your groceries and toilet paper online to avoid the dreaded evil local business from doing its civic duty. The AD doesn't make a cent on the sales tax, if they could they wouldn't charge it because after all it's not benificial to them. Buying anything sans sales tax from the state you live in is technically breaking the law. I'm sure a lot of trusted sellers sell watches to customers in their state of residence tax free and are hence not in compliance with the law.

Just my .02. And for the record I do buy from trusted sellers as well as my AD.
You're assuming that the situation is the same everywhere as it is in your home country. It isn't.
__________________
Things are more like they are now than they ever were before.
Jake B is offline  
Old 25 March 2014, 12:35 AM   #97
nygo
"TRF" Member
 
nygo's Avatar
 
Join Date: Mar 2012
Location: New York
Watch: Milgauss
Posts: 297
Quote:
Originally Posted by coralfarmer84 View Post
If someone doesn't have the money to "burn" why are they buying luxury watches to begin with? I'm all for getting a good deal but I wouldn't live beyond my means. If anything hurts the Rolex brand it's this.
there is something to be said about that. after all, a GShock tells excellent time as well…
nygo is offline  
Old 25 March 2014, 12:44 AM   #98
nygo
"TRF" Member
 
nygo's Avatar
 
Join Date: Mar 2012
Location: New York
Watch: Milgauss
Posts: 297
anyway -- all in the spirit of debate. i hope no one has taken any offense. love this forum and the different perspectives everyone has.
nygo is offline  
Old 25 March 2014, 12:47 AM   #99
Spartacus
"TRF" Member
 
Join Date: Apr 2010
Location: DC
Watch: Daytona
Posts: 2,742
Quote:
Originally Posted by coralfarmer84 View Post
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.

You don't waltz into the 5 star restaurant pretending to be interested in buying their steak, insist on trying it first, learn as much as you can about it, then leave without spending a penny heading straight for your grey market steak dealer to buy the same meat for less.

To put some perspective on a few other things.

"Grey dealers get their inventory from ADs so everyone's in the loop"- ok well if you notice a lot of these watches have non US warranty certs meaning technically they were brought into the country ILLEGALLY according to Rolex USA and customs policies. Correct?

"Two words sales and tax" - I assume you never shop at your local stores for ANYTHING and even buy your groceries and toilet paper online to avoid the dreaded evil local business from doing its civic duty. The AD doesn't make a cent on the sales tax, if they could they wouldn't charge it because after all it's not benificial to them. Buying anything sans sales tax from the state you live in is technically breaking the law. I'm sure a lot of trusted sellers sell watches to customers in their state of residence tax free and are hence not in compliance with the law.

Just my .02. And for the record I do buy from trusted sellers as well as my AD.
Well said.
Spartacus is offline  
Old 25 March 2014, 12:47 AM   #100
ecsub44
"TRF" Member
 
ecsub44's Avatar
 
Join Date: Feb 2011
Location: US
Watch: Sub
Posts: 3,175
Quote:
Originally Posted by Jake B View Post
That's just silly. Going to an upmarket restaurant you get a steak cooked to perfection by a professional chef. It's likely a heckuva lot better than you'll get from your freezer full of beef at home.

The AD on the other hand, adds nothing to the experience besides a higher price and a cup of tea in a green chair.
Agree! That wasn't the best analogy.
__________________
侘 寂 -- wabi-sabi -- acceptance of transience and imperfection by finding beauty in that which is imperfect, impermanent, and incomplete

Commissioner of WEIRD POLICE , Badge # ecsub44
ecsub44 is offline  
Old 25 March 2014, 12:59 AM   #101
mgent
"TRF" Member
 
Join Date: Apr 2012
Location: Chicago / Boca
Posts: 361
My Grey Dealer always provides a great experience, is a small local shop who specializes in watches, specifically AP and Patek, and is a vintage Patek collector himself... If I wanted champagne, he would offer it, and does to my wife.. He can get just about any new watch at a good discount, etc, etc, etc...

To me, the biggest difference is watch knowledge. I find it frustrating walking into Tourneau, rolex boutiques, panerai boutiques, etc... and the sales people know very little about the watches. I don't expect them to be a crazy knowledgeable expert on all brands, modern, vintage, etc, but at least know what you offer and know enough to hold a decent conversation other than 'its big' or 'its rare' or 'price increasing'... If i'm going to pay list or close to it, give me a reason to by answering questions I'm not sure about. My guy can answer those questions, and the next ones that follow and gives good pricing on purchases and trades.
mgent is offline  
Old 25 March 2014, 01:18 AM   #102
powerfunk
"TRF" Member
 
powerfunk's Avatar
 
Join Date: Jul 2011
Real Name: Rob
Location: Boston, MA
Watch: 1530
Posts: 3,799
Quote:
Originally Posted by coralfarmer84 View Post
Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer.
That's a pretty strong generalization. I'm sure some people do that, but I've bought plenty of watches online without ever wasting an AD's time.

Frankly, I've never had a very good "AD experience" so I certainly wouldn't pay a premium for it. I've had salespeople insult my Air-King, give me wrong information, and ask if I'm planning on buying immediately before even offering me help. I know there are good AD's out there, but I haven't found one for me yet. At this point I'm mostly interested in discontinued models so it's kind of a moot point.

Quote:
Originally Posted by coralfarmer84 View Post
a lot of these watches have non US warranty certs meaning technically they were brought into the country ILLEGALLY according to Rolex USA and customs policies. Correct?
Maybe. Or maybe they were worn into the US. If you want to avoid those watches, that's cool; to me they seem to make up only a minority of the watches for sale from US sellers. And as Jake mentioned, this is a US-only issue anyway.

Quote:
Originally Posted by coralfarmer84 View Post
I'm sure a lot of trusted sellers sell watches to customers in their state of residence tax free and are hence not in compliance with the law.
Do you have a particular reason to be sure of this?
powerfunk is offline  
Old 25 March 2014, 01:48 AM   #103
Wesley Crusher
"TRF" Member
 
Wesley Crusher's Avatar
 
Join Date: Aug 2013
Real Name: Wes
Location: Holosuite
Posts: 6,345
Quote:
Originally Posted by Gaijin View Post
Yes if you buy a Rolex in Japan, AD or not and it has a valid warranty in your name or not Rolex USA will service it.
Quote:
Originally Posted by Old Expat Beast View Post
Rolex warranty cards are valid worldwide, for whoever holds the warranty card. Not so for Tudor, which only have a limited warranty. Likewise, an RSC two-year movement warranty will be honoured at any RSC worldwide. So the RSC in Hong Kong tells me, anyway.
That's good to know.

Rolex

Quote:
Originally Posted by T. Ferguson View Post
Wesley, this is only my thought on what goes on from wondering about it myself. It seems to me that all grey goods, not just Rolexes, came from someone the manufacturer originally sold them to. So since authorized dealers are the only ones Rolex sells to, EVERY Rolex came out of an AD in the beginning. Perhaps there are exceptions, like a watch presented to the winner of a Rolex sponsored sporting event or some special group thing handled by corporate directly, like maybe the GMT with PanAm.

What I think the difference is, if an AD in some foreign country is going to sell 20 watches to Costco or larger internet retailer like Alan Furman, they won't sell it with the warranty card. I'd imagine that the AD contract with Rolex does not allow them to sell to another reseller and with a company like Costco this is hard to hide/deny if caught. Even if this isn't the case it is likely the AD wouldn't want someone buying a watch at a well known retailer/discounter that can be traced back to them by the mother ship. It is also probable that these large retailers don't want the warranty card anyway because they also don't want the vendor disclosed, which they obviously would be doing if they included the warranty card with the watch. So these retailers agree to buy the watches without the warranty cards and offer their own warranty in its place.

But I assume that even the watches we see occasionally at Costco came out of an AD in the beginning of its journey.

Just my best guess at it.
I thought about that, too. I wonder, can Rolex look up a serial number and trace it back to the AD?

I'm sure part of the reason why Rolex is pulling out of ADs and focusing on their own boutiques is to kill the Rolex grey market.
Wesley Crusher is offline  
Old 25 March 2014, 02:13 AM   #104
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,368
Quote:
Originally Posted by coralfarmer84 View Post
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.

You don't waltz into the 5 star restaurant pretending to be interested in buying their steak, insist on trying it first, learn as much as you can about it, then leave without spending a penny heading straight for your grey market steak dealer to buy the same meat for less.
Come on this is nonsense. It is about price and value. If an AD offers me the same price as a trusted or anyone else for a BNIB then ofc I will buy from them first, but if their price is higher then I am not going to buy from them like a mug. Similarly if two Michelin restaurants sell the exact same steak prepared exactly the same way but one charges far more than the other then guess where I am going to eat?
AK797 is offline  
Old 25 March 2014, 02:15 AM   #105
AK797
2024 Pledge Member
 
AK797's Avatar
 
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,368
I think the grey market really refers to watches sold across borders without the tax paid. Otherwise all Rolexes come from ADs and are just sold on either straight to the public or to dealers.
AK797 is offline  
Old 25 March 2014, 02:22 AM   #106
Brucie D
"TRF" Member
 
Brucie D's Avatar
 
Join Date: Jan 2013
Real Name: Bruce
Location: Saskatoon SK CAN
Watch: DJ / BLNR / SUBCLV
Posts: 1,381
I think something we can all agree on is that it is great TRF welcomes all opinions and fosters interesting and engaging round table discussions like this. I doubt when the OP wrote this he expected everyone to come to a consensus. I think the take-away from all of this is we have a very passionate Rolex group here who aren't afraid to say what is on their minds.

Hooray for freedom! Cheers.
Brucie D is offline  
Old 25 March 2014, 02:28 AM   #107
joere
"TRF" Member
 
Join Date: Jun 2013
Location: usa
Posts: 36
Quote:
Originally Posted by Brucie D View Post
I think something we can all agree on is that it is great TRF welcomes all opinions and fosters interesting and engaging round table discussions like this. I doubt when the OP wrote this he expected everyone to come to a consensus. I think the take-away from all of this is we have a very passionate Rolex group here who aren't afraid to say what is on their minds.

Hooray for freedom! Cheers.
Agreed! Also remember, some Rolex forums prohibit sales of NIB Rolexes on their classified board!
joere is offline  
Old 25 March 2014, 02:28 AM   #108
coralfarmer84
"TRF" Member
 
coralfarmer84's Avatar
 
Join Date: Dec 2013
Location: United States
Watch: Rolex, PP
Posts: 1,198
Quote:
Originally Posted by Brucie D View Post
I think something we can all agree on is that it is great TRF welcomes all opinions and fosters interesting and engaging round table discussions like this. I doubt when the OP wrote this he expected everyone to come to a consensus. I think the take-away from all of this is we have a very passionate Rolex group here who aren't afraid to say what is on their minds.

Hooray for freedom! Cheers.
We'll said. I mean no offense to anyone and could care less how they acquire these beautiful watches. I was simply raising awareness that there is a reason watches can be acquired cheaper threw various outlets and SOME people act foolish bragging about how they essentially use the AD as a showroom then buy online and brag about how cool they are for it.

I too would be foolish to overpay for anything in life, but I can be objective about it.
__________________
Work hard in silence. Let your success make the noise
coralfarmer84 is offline  
Old 25 March 2014, 02:50 AM   #109
ronricks
2024 Pledge Member
 
ronricks's Avatar
 
Join Date: Jun 2013
Location: ATL
Watch: 126610LV
Posts: 2,748
Quote:
Originally Posted by coralfarmer84 View Post
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.

You don't waltz into the 5 star restaurant pretending to be interested in buying their steak, insist on trying it first, learn as much as you can about it, then leave without spending a penny heading straight for your grey market steak dealer to buy the same meat for less.

To put some perspective on a few other things.

"Grey dealers get their inventory from ADs so everyone's in the loop"- ok well if you notice a lot of these watches have non US warranty certs meaning technically they were brought into the country ILLEGALLY according to Rolex USA and customs policies. Correct?

"Two words sales and tax" - I assume you never shop at your local stores for ANYTHING and even buy your groceries and toilet paper online to avoid the dreaded evil local business from doing its civic duty. The AD doesn't make a cent on the sales tax, if they could they wouldn't charge it because after all it's not benificial to them. Buying anything sans sales tax from the state you live in is technically breaking the law. I'm sure a lot of trusted sellers sell watches to customers in their state of residence tax free and are hence not in compliance with the law.

Just my .02. And for the record I do buy from trusted sellers as well as my AD.
I think the problem many people in this thread have had me included is the unwillingness of an AD to compromise any on the price of the watch. Now, I am not talking about walking right in the AD and immediately demanding a 20% discount on my first purchase there. Do some of you just walk in a car dealership and pay sticker also?

I had funds and was willing to buy from 2 different local AD's and when I mentioned the word 'discount' even a small one to cover sales tax I was looked at like I called their mother a name. This is even after they were totally clueless about the product they were selling me and going through the whole spiel of "A price increase is coming any day now" etc. so I was willing to give them the benefit of the doubt. I tried it didn't work out.

So I said forget it and bought from a Trusted Seller here and had a great experience got the watch at a great price and dealt with someone that had great customer service and knew about the product they were selling me.
ronricks is offline  
Old 25 March 2014, 02:50 AM   #110
PerioBear
"TRF" Member
 
Join Date: Jun 2012
Real Name: Alex
Location: SF Bay Area
Posts: 763
I've only bought from one AD to establish a nice relationship. I also only deal with the son of the owner. My discount is fine and has been close to what I have seen on the FS section. With buying from an AD I get cleaning and polishing (if desired), bracelet resizing anytime (which is key for me cuz my wrist swells in the summer) along with other customer service perks. He has never charged me for an appraisel for insurance. I am picky about some things and that includes my watches. Whenever I have bought a watch it has come directly from the Rolex and not from my AD's case. He is ok with that. Also, when I bought my Cellinium, I was very picky about my strap and he asked Rolex to send about a dozen more so I could pick and choose which strap I wanted. Also, since I went for the deployant clasp, the only strap available had the white stitching. I prefer black stitching. He had a leather guy dye the white stitching black the way i wanted. All at NC. A couple of years ago I was given tickets to the US Open at Olympic club which included access to the Rolex hospitality tent. Nice experience. However, the main reason for my buying from my AD is peace of mind. If I ever have a problem, I just pop into my AD and he'll take care of it. Also, at time of servicing he will service it at his location (less than RSC $) or send it in for me. Lastly, I intend to leave my collection to my son and since the owner's son is young, I believe my son will also not have a problem in the future. Yes, I may have paid more than if I bought grey but service and peace mind make it up to me.
PerioBear is offline  
Old 25 March 2014, 02:50 AM   #111
T. Ferguson
"TRF" Member
 
T. Ferguson's Avatar
 
Join Date: Oct 2012
Location: Left Coast
Posts: 7,025
Quote:
Originally Posted by Wesley Crusher View Post
That's good to know.

Rolex



I thought about that, too. I wonder, can Rolex look up a serial number and trace it back to the AD?

I'm sure part of the reason why Rolex is pulling out of ADs and focusing on their own boutiques is to kill the Rolex grey market.
I'm not sure about the serial number thing.

As for going to boutiques, don't know how that is happening worldwide but here in the USA as far as I know except for maybe one or two cases they are not company owned so I don't see that changing the grey market much. I think the boutique thing is more about image and marketing.
__________________
Some days it's just not worth chewing through the restraints.
T. Ferguson is offline  
Old 25 March 2014, 02:54 AM   #112
Dr. Robert
2024 SubLV41 Pledge Member
 
Dr. Robert's Avatar
 
Join Date: Dec 2009
Real Name: Bob
Location: U.S.A.
Watch: 1655
Posts: 64,063
I cannot shop in the nude at an AD, however I can be naked as a jay bird & shop at the TRF bazaar!
__________________
Founder & Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons
Dr. Robert is online now  
Old 25 March 2014, 03:55 AM   #113
jay1988
"TRF" Member
 
Join Date: Feb 2012
Location: Midlands
Posts: 1,515
Quote:
Originally Posted by coralfarmer84 View Post
But the issue at hand is this. Everyone wants to see what they are buying in person first. So what happens is people go to the AD try on the watches waste the ADs time then buy from a grey dealer. It's really disgusting to knowingly use someone for their resources knowing the whole time you have no intention on dealing with them.
.
The key for me is to find an AD who has deceived me about a price increase. I have a few AD's in mind who have told me the price increase was coming.

Would be more than happy to waltz in there and take a free coffee and look at all the watches. It's just as disgusting to lie to a customer about a price rise to try and bait them into doing business. I'll happily take their "resources" as compensation.
jay1988 is offline  
Old 25 March 2014, 04:00 AM   #114
Wesley Crusher
"TRF" Member
 
Wesley Crusher's Avatar
 
Join Date: Aug 2013
Real Name: Wes
Location: Holosuite
Posts: 6,345
Quote:
Originally Posted by T. Ferguson View Post
I'm not sure about the serial number thing.

As for going to boutiques, don't know how that is happening worldwide but here in the USA as far as I know except for maybe one or two cases they are not company owned so I don't see that changing the grey market much. I think the boutique thing is more about image and marketing.
Oh? I thought they were owned by Rolex. In that case, I guess they grey market isn't going away anytime soon.
Wesley Crusher is offline  
Old 25 March 2014, 04:11 AM   #115
Gaijin
2024 ROLEX DATEJUST41 Pledge Member
 
Gaijin's Avatar
 
Join Date: Feb 2007
Location: Japan
Watch: ing your back.
Posts: 16,179
Quote:
Originally Posted by Dr. Robert View Post
I cannot shop in the nude at an AD, however I can be naked as a jay bird & shop at the TRF bazaar!
and there it is Bob.


the best argument I have seen on this thread for a trusted seller.

Elvis has left the building!
Gaijin is offline  
Old 25 March 2014, 04:18 AM   #116
Onikage
"TRF" Member
 
Onikage's Avatar
 
Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,757
Quote:
Originally Posted by HogwldFLTR View Post
This is sort of silly; every owner of property has the right to sell it. Rolexes are no exception as long as they are correctly represented. Grey market my butt. Used Rolexes is all they are whether or not they've been worn.
Not sure how a bnib becomes used automatically when it hasn't been offered with chocolates at an AD but alright..
__________________
GMT II 16710 TRADITIONAL
( D- Serial #)
ROLEXFANBOY P-Club Member #4
Onikage is offline  
Old 25 March 2014, 04:22 AM   #117
T. Ferguson
"TRF" Member
 
T. Ferguson's Avatar
 
Join Date: Oct 2012
Location: Left Coast
Posts: 7,025
Quote:
Originally Posted by Wesley Crusher View Post
Oh? I thought they were owned by Rolex. In that case, I guess they grey market isn't going away anytime soon.
At this point in time it seems they have all pretty much been opened by existing ADs. Here's a couple of recent threads regarding Rolex owned stores:

http://www.rolexforums.com/showthrea...ight=boutiques

http://www.rolexforums.com/showthrea...ight=boutiques


I'm not convinced Rolex really is interested in going the all company owned route anyway. My theory is for all the posturing by Rolex, while they surely monitor AD discounts and the grey market to make sure things don't get out of hand, some level of activity in both these channels is probably allowed with a wink-wink/nod-nod, don't ask don't tell attitude. Surely their revenues would suffer if all Rolex sales were through company owned stores with no discounting. And then they would be in the position of having to officially allow discounting to recapture that revenue. Once this happens they'd have a hard time ever going back to demanding close to full MSRP again.

My theory is the grey market serves a function for Rolex, allowing them to reach certain volumes they wouldn't achieve if there was no discounting. It also serves as a back alley channel where the level of discounts doesn't become common knowledge in the marketplace at large, like say the discounting that goes on for Breitlings through official retail channels.
__________________
Some days it's just not worth chewing through the restraints.
T. Ferguson is offline  
Old 25 March 2014, 04:41 AM   #118
Onikage
"TRF" Member
 
Onikage's Avatar
 
Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,757
Anyone else feel this way? Even after all the folk who tried it on, a watch has to tick its way off the AD forecourt before it is "used"?
__________________
GMT II 16710 TRADITIONAL
( D- Serial #)
ROLEXFANBOY P-Club Member #4
Onikage is offline  
Old 25 March 2014, 04:43 AM   #119
HogwldFLTR
2024 ROLEX SUBMARINER 41 Pledge Member
 
HogwldFLTR's Avatar
 
Join Date: Aug 2012
Real Name: Lee
Location: 42.48.45N70.48.48
Watch: Too many to list!
Posts: 33,671
Quote:
Originally Posted by Onikage View Post
Not sure how a bnib becomes used automatically when it hasn't been offered with chocolates at an AD but alright..
It's definitional. Used is something previously purchased and resold by other than an authorized retailer. Same goes with cars and many other items. If it was bought from an authorized retailer it is no longer considered new regardless of how little it was used.
__________________
Troglodyte in residence!

https://www.rolexforums.com/showthread.php?t=808599
HogwldFLTR is offline  
Old 25 March 2014, 04:53 AM   #120
Onikage
"TRF" Member
 
Onikage's Avatar
 
Join Date: Feb 2011
Location: England
Watch: 16710, 16628
Posts: 7,757
Quote:
Originally Posted by HogwldFLTR View Post
It's definitional. Used is something previously purchased and resold by other than an authorized retailer. Same goes with cars and many other items. If it was bought from an authorized retailer it is no longer considered new regardless of how little it was used.
I know what you're saying but a watch doesn't have tires to get marked. It could even be said that some grey dealer stock is in better condition as it hasn't been tried on as much.
__________________
GMT II 16710 TRADITIONAL
( D- Serial #)
ROLEXFANBOY P-Club Member #4
Onikage is offline  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Takuya Watches

My Watch LLC

OCWatches

Asset Appeal

Wrist Aficionado

DavidSW Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.