ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

hennabav · 14 March 2009, 03:40 AM

First off, thank you for everyone's great opinions and feedback. But after hearing from everyone, I agree with several people that Rolex does care about the resale values of their products. I mean, they are in the business of making quality watches and time has proven that their timepieces do hold their value and I feel that's what adds to their prestige and make them what they are today. And I certainly don't feel they would like to see their resale values one day disappear b/c they wanted to sell as many as possible. I mean, a watch is a watch. There are several brands (i.e. Timex T29781) out there that make very similar looking watches to the Rolex Sub but I don't see people praising on their Timex and talking about it all the time. Both watches look similar from far away and even closeup, normal people won't be able to differentiate among the two.

Some people can say, I like the prestige or feel of wearing a Rolex but I personally feel the resale value and price point has created and is a big component of Rolex's status.

hennabav · 14 March 2009, 04:03 AM

I've also heard that some dealers are willing to buy back the watch at MSRP later on. Why would a dealer want to buy a watch that does not have a strong resale value to gain business? I have yet to see a store buy back my other Fossil watch at MSRP. If somebody finds one, let me know.

WatchTimes · 14 March 2009, 05:19 AM

Greg
People did not buy Rolexs like the do today in the 70's so those were
not out in the numbers they are now.
People did not buy a Rolex in the 70's to put it in a safe NIB in hope of
appreciating in value.
Rolex did not produce or sell the #'s they do today.

The company and market have changed, you cant base this off Rolex sports
watches from back then.....

wantonebad · 14 March 2009, 05:43 AM

to answer the OP's question, no, i don't think rolex should think about investors/speculators or horders for even a split second. They should be working on improving their models and cutting costs. The later should be passed on to the consumer,

Sorry, I tried to say that with a straight face and couldn't pull it off.

Anyway, they'll produce what they can sell, the only thing that might slow them down would be an extended global recession that kills demand, that's it and that's all that should slow them down

moby33 · 14 March 2009, 09:01 AM

Quote:

Originally Posted by wantonebad

Anyway, they'll produce what they can sell, the only thing that might slow them down would be an extended global recession that kills demand, that's it and that's all that should slow them down

Yep...and we're there. Average recession since the Great Depression has lasted 15 months...seeing as we're now a little over 17 months into this one here in the U.S. (and there is no signs of improvement for all of '09), I would say anyone that doesn't think this is an extended recession (read: depression) has their head in the sand. Sad, but true. Cheers.

Art 1 · 14 March 2009, 09:50 PM

Rolex should do what is best for them as a company and I'm sure thats what they will do.

14 March 2009, 05:19 AM	#33
WatchTimes 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jun 2008 Real Name: JYogi/Jeremy Location: Metro Detroit USA Watch: It's a Rolex! Posts: 5,787	Greg People did not buy Rolexs like the do today in the 70's so those were not out in the numbers they are now. People did not buy a Rolex in the 70's to put it in a safe NIB in hope of appreciating in value. Rolex did not produce or sell the #'s they do today. The company and market have changed, you cant base this off Rolex sports watches from back then..... __________________ "You won't rise to the occasion - you'll default to your level of training." Barrett Tillman Kentucky Colonel, Tennessee Squire & Combat Leprechaun

14 March 2009, 05:43 AM	#34
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	to answer the OP's question, no, i don't think rolex should think about investors/speculators or horders for even a split second. They should be working on improving their models and cutting costs. The later should be passed on to the consumer, Sorry, I tried to say that with a straight face and couldn't pull it off. Anyway, they'll produce what they can sell, the only thing that might slow them down would be an extended global recession that kills demand, that's it and that's all that should slow them down __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

14 March 2009, 03:40 AM	#31
hennabav Banned Join Date: Mar 2009 Real Name: Jon Location: New England Watch: --Rolex-- Posts: 2,391	First off, thank you for everyone's great opinions and feedback. But after hearing from everyone, I agree with several people that Rolex does care about the resale values of their products. I mean, they are in the business of making quality watches and time has proven that their timepieces do hold their value and I feel that's what adds to their prestige and make them what they are today. And I certainly don't feel they would like to see their resale values one day disappear b/c they wanted to sell as many as possible. I mean, a watch is a watch. There are several brands (i.e. Timex T29781) out there that make very similar looking watches to the Rolex Sub but I don't see people praising on their Timex and talking about it all the time. Both watches look similar from far away and even closeup, normal people won't be able to differentiate among the two. Some people can say, I like the prestige or feel of wearing a Rolex but I personally feel the resale value and price point has created and is a big component of Rolex's status.

14 March 2009, 04:03 AM	#32
hennabav Banned Join Date: Mar 2009 Real Name: Jon Location: New England Watch: --Rolex-- Posts: 2,391	I've also heard that some dealers are willing to buy back the watch at MSRP later on. Why would a dealer want to buy a watch that does not have a strong resale value to gain business? I have yet to see a store buy back my other Fossil watch at MSRP. If somebody finds one, let me know.

14 March 2009, 09:50 PM	#36
Art 1 Banned Join Date: Feb 2008 Location: Florida, Canada Watch: Rol/Seik/Tud/Omega Posts: 30,244	Rolex should do what is best for them as a company and I'm sure thats what they will do.

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