stop whinging and boycott Rolex price increase

[chenx15]

Originally Posted by Mr. K

I like, in fact love Rolex. But best value for the $? I'm thinking Omega is a strong contender there. New with a discount or used with a bigger discount, Omega has a lot of bang for the buck.

seiko has the biggest bang for the buck. rarely needs service and is about 1/16 the price of rolex. once again if you just want a watch no one has to spend more than 50 dollars. rolex is not just about time telling

[chenx15]

Originally Posted by baxta69

Fine. Buy Omega and forget about Rolex then.

x2 on this one. if you just want something to tell time go for a roots watch.

[greekbum]

Greekbum, as I posted earlier in this thread, out of the 700,000 or so annual purchasers of Rolexes, how many do you think would even consider buying used or gray market? I bet you can count the percentile on your fingers. Probably using just one hand. I believe that from Rolex's point of view, the secondary market is inconsequential to Rolex sales.

I would say Rolex's biggest competition is there own watches vintage, used, and grey market.At the end of the day the market will dictate the price just like the bond market they yield might be 10% but the market is paying 2% today.Rolex will figure out what works for them so far they are batting 100%What I ment from my post above is Rolex can put out whatever price they want the real market tells you its about 30%-50% off and with more supply than demand for as far as we can see.

[chenx15]

Originally Posted by greekbum

Greekbum, as I posted earlier in this thread, out of the 700,000 or so annual purchasers of Rolexes, how many do you think would even consider buying used or gray market? I bet you can count the percentile on your fingers. Probably using just one hand. I believe that from Rolex's point of view, the secondary market is inconsequential to Rolex sales.

I would say Rolex's biggest competition is there own watches vintage, used, and grey market.At the end of the day the market will dictate the price just like the bond market they yield might be 10% but the market is paying 2% today.Rolex will figure out what works for them so far they are batting 100%What I ment from my post above is Rolex can put out whatever price they want the real market tells you its about 30%-50% off and with more supply than demand for as far as we can see.

nope, not really, those watches were already bought from rolex. rolex doesn't really care what happens after the watch was purchased from them. The dealers and gray dealers are paying the same amount to rolex anyway and most gray dealers get their watches from AD's. rolex doesn't make a profit from the clients who purchase from AD's or grey dealers rolex makes the profit when the AD's purchase the watches from rolex. i'll repeat myself anything after that doesn't really matter to rolex anymore.

[nylawbiz]

Right Chenx15. But I still think only a small percentage of Rolex purchasers would even consider a gray market or second hand watch. And for most, it has to be a Rolex.

[mretzloff]

Originally Posted by cmr

the cost is hardly the point, the point is rolex will refuse to service your watch because they have no parts or don't want to be responsible for an exotic dial. they won't keep and or make parts as needed to service their old watches. i guess that doesn't matter to somebody that only keeps a watch for a short while. if they want to compete within the price range of the really high end watch companies (swatch) they will have to provide these services.

They're not trying to. Rolex has never and will never compete with VC, AP, Patek, Lange, etc. They are in their own market. Rolex can do as they please because 99% of the world thinks Rolex is the best watch. If Rolex were to stop servicing any watch that is older than ten years, they'd lose almost no money.

Rolex can't service watches forever when they're putting out hundreds of thousands a year. Patek can easily service an 80-year-old watch because they're not making so many. That's just not possible.

I don't see why people even discuss this. Most of TRF's members flip watches as if there is no tomorrow, so this shouldn't be a problem.

[chenx15]

Originally Posted by nylawbiz

Right Chenx15. But I still think only a small percentage of Rolex purchasers would even consider a gray market or second hand watch. And for most, it has to be a Rolex.

true! legit and reasonable gray market can only be found here in TRF. have you seen some of the prices outside this forum??? AD is the way to go outside this safe walls

[WatchTimes]

I am doing my part fighting the corp pricing by buying vintage pieces right now

[Gentleman8]

Does anyone know who actually owns Rolex? There's little in Wikipedia other than it is a "Privately held company".

[cmr]

Originally Posted by mretzloff

They're not trying to. Rolex has never and will never compete with VC, AP, Patek, Lange, etc. They are in their own market. Rolex can do as they please because 99% of the world thinks Rolex is the best watch. If Rolex were to stop servicing any watch that is older than ten years, they'd lose almost no money.

Rolex can't service watches forever when they're putting out hundreds of thousands a year. Patek can easily service an 80-year-old watch because they're not making so many. That's just not possible.

I don't see why people even discuss this. Most of TRF's members flip watches as if there is no tomorrow, so this shouldn't be a problem.

you really think that rolex is bigger than swatch? the production of their owned companies is much more than rolex. rolex just doesn't want to do it and they are creeping into vc territory with their prices. they will either come around and start offering better services for their customers or loose market share to the people that do. rolex reminds me of general motors, this is all we are going do so you are going to buy it and live with it because we say so.

they would do well to look how that line of thinking has worked out for other arrogant large companies.

[mailman]

Originally Posted by CanuckRolex

It doesn't have to go back to Rolex to fix any minor issues. A watchmaker at Rolex is the same as a private watchmaker either way.

I really don't worry about who fixes the watch as long as it is fixed and I am not going to pay an additional $2000 so it gets sent back to Rolex.

It's like buying a car at a dealer rather than a private lot for $5000 more seeing it will be fixed in the dealers garage instead of a private shop.

It's just a waste of money.

A watchmaker at Rolex or any other company is not the same as any other watchmaker. Some people don't have competent watchmakers in their area. Others are led to believe that they do, when in fact the person might be a hack.

I wouldn't anyone working on my watch that isn't trained to do so, and I wouldn't want anything other than OEM parts on my watch.


Giving a reference to a car dealer isn't a very good one IMO. If you bought a one year old car that still had a two year warranty left on it, would you take it some where other than the dealer to fix? Of course not, you would get it fixed for free.


I'm not knocking the grey's at all. But if someone can save 20% + from an AD, it's easy as pie to make this decision.