Discount on Rolex (and im a new member)

[swatty]

Wow, this has been an entertaining read, sorry I missed it earlier. The guy that started this thread seems to have a problem with the people that pay his wages .

[xrayos]

someboy tell me where I can get a good disc. in Northern NJ then.

[langdalematt]

I have some sympathy for Watchmaker, but market conditions dictate prices and that is period. When times are good you pay more for your watch and when they are bad you pay less as there is less demand.

Watchmaker, as you are clearly working for Rolex, can you tell us if we will see another price rise before or after Basel. As you are anonymous I hope you can be free in answering this question. Can you also confirm if Rolex will drop the Milgauss GV from the line up due to production complications and costs. This is a rumour I have heard and would be keen to know the answer.

Thanks

[MMB0210]

Here's my opinion on this this. Let's use a general "fake" example. AD buys a Rolex for $500. and MSRP is $600. (This is just a fake example!). AD never sells the watch and meanwhile, Rolex increases prices twice. Now MSRP is $700., but AD bought it at $500. Why should I pay for the increase and AD makes bigger than usual profit? Yes, I know AD has employees to pay, lights to keep on, etc... But really the watch itself is not worth the extra markup. So in these cases, I think it is ok to expect a discount.

[DSJ]

Originally Posted by MMB0210

Here's my opinion on this this. Let's use a general "fake" example. AD buys a Rolex for $500. and MSRP is $600. (This is just a fake example!). AD never sells the watch and meanwhile, Rolex increases prices twice. Now MSRP is $700., but AD bought it at $500. Why should I pay for the increase and AD makes bigger than usual profit? Yes, I know AD has employees to pay, lights to keep on, etc... But really the watch itself is not worth the extra markup. So in these cases, I think it is ok to expect a discount.

Well said.

[JJ Irani]

Originally Posted by MMB0210

Here's my opinion on this this. Let's use a general "fake" example. AD buys a Rolex for $500. and MSRP is $600. (This is just a fake example!). AD never sells the watch and meanwhile, Rolex increases prices twice. Now MSRP is $700., but AD bought it at $500. Why should I pay for the increase and AD makes bigger than usual profit? Yes, I know AD has employees to pay, lights to keep on, etc... But really the watch itself is not worth the extra markup. So in these cases, I think it is ok to expect a discount.

[solesik]

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Join Date: Oct 2008
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[watchmaker]

Originally Posted by langdalematt

I have some sympathy for Watchmaker, but market conditions dictate prices and that is period. When times are good you pay more for your watch and when they are bad you pay less as there is less demand.

Watchmaker, as you are clearly working for Rolex, can you tell us if we will see another price rise before or after Basel. As you are anonymous I hope you can be free in answering this question. Can you also confirm if Rolex will drop the Milgauss GV from the line up due to production complications and costs. This is a rumour I have heard and would be keen to know the answer.

Thanks

Some information I will take with me to the grave.

I will give you a cast iron guarantee you will see a price increase shorly after Basel. Especialy given the position of the Swiss Franc over currencies like the pound. As has been said before, the cost of a watch in the UK is less than it is in Europe thanks to the weaking position of the £ compared to the euro.

Models that may or may not be discontinued I simply cant discuss. Why? Because do you think Rolex let us guys know about things like that?

I am merely a watch nut, who gets to work on them for a living :D

[watchmaker]

Originally Posted by langdalematt

I have some sympathy for Watchmaker, but market conditions dictate prices and that is period. When times are good you pay more for your watch and when they are bad you pay less as there is less demand.

Watchmaker, as you are clearly working for Rolex, can you tell us if we will see another price rise before or after Basel. As you are anonymous I hope you can be free in answering this question. Can you also confirm if Rolex will drop the Milgauss GV from the line up due to production complications and costs. This is a rumour I have heard and would be keen to know the answer.

Thanks

Some information I will take with me to the grave.

I will give you a cast iron guarantee you will see a price increase shorly after Basel. Especialy given the position of the Swiss Franc over currencies like the pound. As has been said before, the cost of a watch in the UK is less than it is in Europe thanks to the weaking position of the £ compared to the euro.

Models that may or may not be discontinued I simply cant discuss. Why? Because do you think Rolex let us guys know about things like that?

I am merely a watch nut, who gets to work on them for a living :D

[DSJ]

Anything worth saying is worth saying twice?

[STEELINOX]

so intriguing...
Not only will we be getting another shot in the bread basket but ADs will soon find themselves flush with so much inventory that the gray market will soon be taking those and passing on even more savings to us...
Models not doing well, like the GV aren't goin enywhere; production issues with the green sapphire have been solved from what I have "heard" but thats neither here nor there as nothing ROLEX makes is really, although albeit, "Limited" be it by production (issues) but not by set production quantities as pertains to the OYSTER PERPETUAL line.
Be certain that we will see a larger than normal splash of new OYSTERS at Basel because without them market share that is already in jeopardy, will need ALL THE HELP IT CAN GET with any new releases; that said, big DJs, maybe even E1C and E2C as well as the long awaited Pepsi-C and the long shot - SUBMARINER C in all 904L glory might just very well be on stage this April...
Thanks,
Randy

[White Russian]

I got a great deal at Braunschweeiger's in Morristown. I worked with Lynn Holden and she was great.

I worked with Lynn Holden at Braunschweiger's in Morristown. She was great

[STEELINOX]

Originally Posted by White Russian

I got a great deal at Braunschweeiger's in Morristown. I worked with Lynn Holden and she was great.

how much of a dis_c_o_u_nt diya get ? ! > !

[umngmc]

Why not ask for a discount? Why pay full price if you can get 10% off just for asking? The AD won't sell a watch to you if they're not making a profit. During these hard economic times, they would love to earn your business and hopefully make future sales in the future. Due to the price increases, Rolex has priced themselves out of a new Rolex for me. There are some great deals to be had in the second-hand market. Clean watches with box and papers, sometimes still under warranty!

[yiannis]

Well, I red all 9 pages from this thread and I really want to say a couple of simple things from my simple thoughts as a seller and as a buyer too:
1-Talking as a seller, of course I want best selling price-profit for my business. This is the way it goes for all of us in our jobs, we believe that we also deserve it and that our job is unique and difficult and so on.... so please some of us here lets stop hiding behind our nail or blame on "watchmaker" and his believes... His view is correct as also correct are the follows...
2-Talking as a buyer, of course I want and I will search for best buying price which will include all: great condition, warranty, guaranty, free "gift" service if possible, best price available, an extra gift maybe!... Isn't it true?

[Andad]

So, between the Buyer and the Seller there is an area for discussion.

There you are watchmaker, that wasn't so hard to understand was it?

[DaveInLA]

Originally Posted by karmatp

Why should I pay MSRP when the next guy is getting 20% off and no tax? It is really just about being a smart shopper, and getting the most bang for your buck.

Ditto. It's not for the thrill or anything else. It's just to get the cheapest price there is. If I can get 18% off, I'll take it! This isn't the difference between $100 and %88; we're talking hundreds of dollars here, almost a thousand.

[valentine]

Originally Posted by watchmaker

Hi, im a new member.
I tried a post yesterday which didnt get past the administrators. So I appologize for that one.

To let you know about myself, I am employed by one of the major watch houses (im not saying who) as a watchmaker. I have many friends who are employed both as watchmakers and as salesmen in watch stores. So basically I am very tied into the industry.

My question is, why are there so many posts about how to get a discount on a Rolex? Do you think they are too expensive? Seriously, im not being judgemental, I would like to know why an important factor in what you buy is how much you can get off it.

Can I have you opinions. For and against.

Do me HUUUUUUGE favor and go look up an "inflation calculator" on the net...they are EASY to find....type in the MSRP of a Stainless steel submariner in 1965. then type in current price of the stainless steel submariner and you will see that these "price increases" although good for our watches holding their value, DO NOT add up with the actualy inflation of the dollar!!!!!! you can be sure of ONE THING...I'd pay a premium for service before ANY OF MY ROLEXES CAME CLOSE TO TOUCHING YOUR BENCH!!!!!! If you want to walk into a Mercedes dealer and pay what the sticker says...then hey! go for it....I think their was a quote I heard one time...."there is a sucker born every minute".....I understand that there is a HUUUUUGE markup in jewelry and luxury items...and I refuse, regardless of what the company does with the money, to just hand over what they ask for...so there is my "opinion" Wealthy people dont get wealthy by throwing money away!

[respect]

itd be great if this dude was actually archie

[Andad]

I'm sure I would have picked Archie's style.

If I am wrong, I refer you back to my 'Watchmaker is a Troll' post.

I can't lose this one.

[TempoKing]

Originally Posted by valentine

Do me HUUUUUUGE favor and go look up an "inflation calculator" on the net...they are EASY to find....type in the MSRP of a Stainless steel submariner in 1965. then type in current price of the stainless steel submariner and you will see that these "price increases" although good for our watches holding their value, DO NOT add up with the actualy inflation of the dollar!!!!!! you can be sure of ONE THING...I'd pay a premium for service before ANY OF MY ROLEXES CAME CLOSE TO TOUCHING YOUR BENCH!!!!!! If you want to walk into a Mercedes dealer and pay what the sticker says...then hey! go for it....I think their was a quote I heard one time...."there is a sucker born every minute".....I understand that there is a HUUUUUGE markup in jewelry and luxury items...and I refuse, regardless of what the company does with the money, to just hand over what they ask for...so there is my "opinion" Wealthy people dont get wealthy by throwing money away!

Justin my man....you know your inflationary and Rolex unethical prising.
Please do not forget to mention to our fellow TRFers the x 10 margins.


I love ALSO the Mercedes example..funny you mentioned this...
currently I am negotiating from home for a two door Benz.
You can not imagine the offers I am getting...
as soon as the discount hits 26% off the NEW asking price (very close)..I am a buyer.

[stusrt]

you would have to be a fool not to get the best price you can.
If you're buying a $10,000 Rolex, why on earth wouldn't you buy from an AD that offered 20% off, when another does not? I am not rich enough to pass on $2,000 savings.

And yes, I think all luxury watches are WAY overpriced. If I didn't have the obsession, I would think everyone on this forum was crazy paying the prices we do for a watch!!!

[chenx15]

Originally Posted by stusrt

you would have to be a fool not to get the best price you can.
If you're buying a $10,000 Rolex, why on earth wouldn't you buy from an AD that offered 20% off, when another does not? I am not rich enough to pass on $2,000 savings.

And yes, I think all luxury watches are WAY overpriced. If I didn't have the obsession, I would think everyone on this forum was crazy paying the prices we do for a watch!!!

well sir, all of the members of this forum are certified crazy... who looks at the watch and doesn't know what time it is?

[tjs3023]

Originally Posted by TempoKing

Justin my man....you know your inflationary and Rolex unethical prising.
Please do not forget to mention to our fellow TRFers the x 10 margins.


I love ALSO the Mercedes example..funny you mentioned this...
currently I am negotiating from home for a two door Benz.
You can not imagine the offers I am getting...
as soon as the discount hits 26% off the NEW asking price (very close)..I am a buyer.

Tell them you'll give up your warranty!!!

[DoxaDavid]

Ok already.. Everyone this is just beating a dead horse! I believe the OP is done with his So lets all go on with out him..

[postiff]

Originally Posted by watchmaker

I would still point out this is a website dedicated to a company that many of you (and I am not implying YOU) are willing to rip off, be it by discounting in a store, or if that doesnt satisfy you, buying from the grey market. In my opinion if you want to pay less, you should receive less. I am more than willing to see it sold for 20% less if, when it lands on my bench within 1 or 2 years, you are paying for the repair. But many people want it all. They want discount and full privelages which frankly isnt fair

If the watch is sold by an AD at a discounted price they are not being ripped off they are simply not making as much profit on the watch.

No different then in my industry. I send out a bid to build a Science building at CSULA and the General contractor calls me up and says you are at 2.8 million I have a guy I do not really want to use that is 75,000 cheaper can you match his number. Huh loose 280,000 of profit over 75,000 now we play lets make a deal. How about 40,000 instead of all 75,000.

This is in every industry. Are you telling me it cost Rolex 7k to make an 116710 no it does not. They probably make that watch for 3,000.00 if even that. They probably pay more tariffs getting it into the country they want to sell it in then it costs to make…

My 2 cents

Danny

[Welshwatchman]

This thread died a week ago really.