Prices slump by up to 50% for discontinued Rolex watches (Watchpro)

[dmash]

Originally Posted by Vince_76

You’re back?!

What’s new? Congrats on the offshore. What’s going on watch wise?

Honed down tremendously. Really wanting to go all in AP at this point. Rolex wise, I’ve got my Sub and want to pair it with a diamond baguette YG DayDate which I should be receiving by EOY. My wife picked up a MOP diamond bezel DJ36 and an TT DJ36 and wants a white SS Daytona though. Hoping my purchase history will allow it.

And yeah I absolutely love this ROO, and it established that first purchase with my boutique. I’m wanting a silver dial 15510 as my next allocation, which my SA thinks can happen relatively soon. I’m not even seeing this ROO as a ‘stepping stone’ like others though, I genuinely find this to be one of my favorite pieces ever. I’ve gotten tons of compliments on it and it wears better than I ever thought possible. Plus the new quick change strap makes it versatile. Reminds me of when I was on my Panerai kick ~2010 and bought like 10 straps, haha.

[Vince_76]

Originally Posted by dmash

Honed down tremendously. Really wanting to go all in AP at this point. Rolex wise, I’ve got my Sub and want to pair it with a diamond baguette YG DayDate which I should be receiving by EOY. My wife picked up a MOP diamond bezel DJ36 and an TT DJ36 and wants a white SS Daytona though. Hoping my purchase history will allow it.

And yeah I absolutely love this ROO, and it established that first purchase with my boutique. I’m wanting a silver dial 15510 as my next allocation, which my SA thinks can happen relatively soon. I’m not even seeing this ROO as a ‘stepping stone’ like others though, I genuinely find this to be one of my favorite pieces ever. I’ve gotten tons of compliments on it and it wears better than I ever thought possible. Plus the new quick change strap makes it versatile. Reminds me of when I was on my Panerai kick ~2010 and bought like 10 straps, haha.

Hahaha way to go!! Totally agree… you’ve seen the light. For me at least, once it was AP, Rolex took a bit of a back seat.

The ROOs are awesome. I tried them on and was surprised how well it fit

[Coolcamden]

Originally Posted by buknoy

Better than going up. $300 can buy me a ticket a lot of things. Groceries, 7 full tank of gas, moonswatch and more.


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7 full tanks of gas for $300? What on earth??!!!…

[dmash]

Originally Posted by Coolcamden

7 full tanks of gas for $300? What on earth??!!!…

I think he has a Vespa

[psm11]

Originally Posted by dmash

I think he has a Vespa

Welcome back man! Where'd you go? I finally pulled the trigger and got a beautiful black 15500 and love it! ROO is next on the list!

[dmash]

Originally Posted by psm11

Welcome back man! Where'd you go? I finally pulled the trigger and got a beautiful black 15500 and love it! ROO is next on the list!

Unfortunately, I got an extended timeout. I’m back though :)

Yeah I just got a ROO myself, love it!

[psm11]

Originally Posted by dmash

Unfortunately, I got an extended timeout. I’m back though :)

Yeah I just got a ROO myself, love it!

Good to have you back.

As an aside, I want to note that you, Vince, and I all put our money where are mouths were and purchased APs. Some on here liked to constantly assert that we were all talk and that we would never buy lol.

[Vince_76]

Originally Posted by psm11

Good to have you back.

As an aside, I want to note that you, Vince, and I all put our money where are mouths were and purchased APs. Some on here liked to constantly assert that we were all talk and that we would never buy lol.

hopefully the start of many more!

Great to have you back Dmash

[T3rmina1]

Cortina Watches, a South East Asian AD got their data hacked and leaked recently. I took a look at the inventory figures, interesting reading. They usually had a few of the hypest models sitting around in the boutique unallocated, even during the period when the market was going crazy.

[Booth9999]

Originally Posted by T3rmina1

Cortina Watches, a South East Asian AD got their data hacked and leaked recently. I took a look at the inventory figures, interesting reading. They usually had a few of the hypest models sitting around in the boutique unallocated, even during the period when the market was going crazy.

I’d like a link to see the info if possible. Thanks.

[T3rmina1]

Originally Posted by Booth9999

I’d like a link to see the info if possible. Thanks.

Don't think I should be sharing that direct, but you should be able to figure it out from the name of the hacker, their social media presence, a way to access darknet etc.

[Etschell]

Originally Posted by T3rmina1

Don't think I should be sharing that direct, but you should be able to figure it out from the name of the hacker, their social media presence, a way to access darknet etc.

They are huge. Pp rolex cartier. 530 mil in sales a year. Oh boy. They may be screwed.

In one spreadsheet titled “repeat and moving slow stock”, a list of watches included a column for “cost”, which had entries in the form of percentages. Several of the entries were below 23 per cent, right next to a column with the header “RSP”, believed to stand for retail sale price.

Another spreadsheet contained a list of several watch models with different prices listed for “retail”, “walk in” and “regular”. One entry listed retail as $48,130, walk in as $75,000, and regular as $73,000.

[Apheaven]

Originally Posted by Etschell

They are huge. Pp rolex cartier. 530 mil in sales a year. Oh boy. They may be screwed.

In one spreadsheet titled “repeat and moving slow stock”, a list of watches included a column for “cost”, which had entries in the form of percentages. Several of the entries were below 23 per cent, right next to a column with the header “RSP”, believed to stand for retail sale price.

Another spreadsheet contained a list of several watch models with different prices listed for “retail”, “walk in” and “regular”. One entry listed retail as $48,130, walk in as $75,000, and regular as $73,000.

Curious to see that page since it’s public information now.


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[bay_area_kid]

Originally Posted by Apheaven

Curious to see that page since it’s public information now.


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Just because it has been leaked by the hacker doesn't mean it's okay to share those sensitive data publicly. You're basically sharing stolen PII and I believe, at the very least, that violates the rules of this forum.

On a personal note, one of my aunts is a semi-regular client at that specific AD and she will certainly not appreciate it if her personal details get "leaked" here as well.

[dmash]

Originally Posted by bay_area_kid

Just because it has been leaked by the hacker doesn't mean it's okay to share those sensitive data publicly. You're basically sharing stolen PII and I believe, at the very least, that violates the rules of this forum.

On a personal note, one of my aunts is a semi-regular client at that specific AD and she will certainly not appreciate it if her personal details get "leaked" here as well.

I believe people are more curious about the numbers being quoted (the selling prices) for walk ins, etc. Not the client information.

Just to clarify

[ClocksCarsandCarbine]

Besides all that, it's not PII if this a cost sheet. That may be sensitive or confidential, but in no way personally identifiable information.

[hotchicken]

wow so even a large AD like that is selling above RRP? they're basically acting like grey dealers at that point..

[dmash]

Originally Posted by hotchicken

wow so even a large AD like that is selling above RRP? they're basically acting like grey dealers at that point..

Tons of Rolex and PP dealers have been doing this in some way shape or form by essentially requiring you to bundle with other stuff to get allocations. But yeah this would be a new one if they were blatantly charging over MSRP.

[train-time]

Originally Posted by dmash

Tons of Rolex and PP dealers have been doing this in some way shape or form by essentially requiring you to bundle with other stuff to get allocations. But yeah this would be a new one if they were blatantly charging over MSRP.

Absolutely real! Doesn't even require one to bundle with other jewelry. I was talking with the manager of my local AD (US) in December of '21 about a Black Dial SS Daytona. He actually brought it up and I said yes that I would be interested as I had been on their imaginary list for years.

About a week later he called me (we usually communicate via text or email) and said he is holding a bnib Black Dial Daytona still in the coffin and then said, here's the deal.... my 126610LN plus $20K! All verbal communication for these deals.

I traded the Sub-Date and wrote out a check for $20K... he gave me a receipt showing the Daytona at $13,150 plus tax ($689) minus the trade of $1 = a balance of $13,938 ($13,150 + $689 - $1) and referenced my check # on the receipt. Only difference was the check was for $20K and they most likely sold the Sub for $15K which netted them $35K for the SS Daytona.

They did a similar deal with a BLRO using a 116610 trade about a year earlier.

It's the only way they let any "in demand" piece go out the door.

[isgrb]

Wow, that’s bonkers if true. I’ve never seen or heard of anything like that with my AD and have scored several in demand pieces from them. I would imagine Rolex would pull out of an AD if they found out they were overcharging so blatantly. In the US anyway, can’t speak about other markets.

[ExplorerI]

Originally Posted by train-time

Absolutely real! Doesn't even require one to bundle with other jewelry. I was talking with the manager of my local AD (US) in December of '21 about a Black Dial SS Daytona. He actually brought it up and I said yes that I would be interested as I had been on their imaginary list for years.

About a week later he called me (we usually communicate via text or email) and said he is holding a bnib Black Dial Daytona still in the coffin and then said, here's the deal.... my 126610LN plus $20K! All verbal communication for these deals.

I traded the Sub-Date and wrote out a check for $20K... he gave me a receipt showing the Daytona at $13,150 plus tax ($689) minus the trade of $1 = a balance of $13,938 ($13,150 + $689 - $1) and referenced my check # on the receipt. Only difference was the check was for $20K and they most likely sold the Sub for $15K which netted them $35K for the SS Daytona.

They did a similar deal with a BLRO using a 116610 trade about a year earlier.

It's the only way they let any "in demand" piece go out the door.

That’s really getting into fraud levels of accounting there.

[fsprow]

Originally Posted by ExplorerI

That’s really getting into fraud levels of accounting there.

Definitely not legal fraud but may violate Rolex policies.

[Shmoopy]

Woah, new Skydweller references finally hit Moda. $55k for the green ss. Lol.

[GB-man]

Originally Posted by Shmoopy

Woah, new Skydweller references finally hit Moda. $55k for the green ss. Lol.

They are smoking crack. Will probably auction it tomorrow and all the dealers friends will bid it up to 45k lol

[Mathematoxic]

OP marked the rose gold blue dial sold at above 80k, but in the chats he mentioned he could get another one haha. Really funny old trick.

[bay_area_kid]

Originally Posted by ClocksCarsandCarbine

Besides all that, it's not PII if this a cost sheet. That may be sensitive or confidential, but in no way personally identifiable information.

The data dump was much more than the cost sheet. From straitstimes.com:

Checks by The Straits Times found that more than 7GB of data, including details of customers, vendors, staff and the public-listed group’s operations, were uploaded on a file-sharing site late on Thursday. The data dump included usernames and passwords for company and staff accounts, with numerous administrator accounts sharing the same password.

Information leaked on the dark web also included customer data such as contact information, home addresses and birth dates. The firm’s inventory of watches, sales orders and sales tactics were also uploaded. Some documents appeared to show how certain luxury watches were priced.

Those are definitely PII and some can even be considered SPII.

The data dump URL from Lockbit includes everything so sharing that URL means sharing the entire dump.

[GB-man]

Originally Posted by dmash

Tons of Rolex and PP dealers have been doing this in some way shape or form by essentially requiring you to bundle with other stuff to get allocations. But yeah this would be a new one if they were blatantly charging over MSRP.

Would not be new at all. I have said this before but I bought both white and black 116500 in 2017 from the pre-eminent AD in Toronto for roughly a 20% premium over msrp. They wrote it up as special order and wink wink he was doing a customer a favor and helping him move the piece. It was full stickers with my name on the card so that was horse crap.

[ClocksCarsandCarbine]

Originally Posted by bay_area_kid

The data dump was much more than the cost sheet. From straitstimes.com:



Those are definitely PII and some can even be considered SPII.

The data dump URL from Lockbit includes everything so sharing that URL means sharing the entire dump.

Didn't realize it had the name, address, etc. so thanks for clearing up my confusion.

[ButtButt]

I'm a Cortina customer, not a whale by any means but I did buy a few watches from them. In 2015 I walked in and bought a Rolex BLNR as a brand new customer and got a small discount off retail. In early 2022 I got my first Patek from them as a walk in after waiting just 2 weeks and paid retail. A few months after that my wife got a Cartier Santos and without asking they gave me a 15% discount off retail. I've honestly never seen nor heard of them selling any watches above retail. I do hear a lot of complaints though about all the hot models being hard to get, but that is pretty much the same everywhere you go.

I've read the same news as everyone else but I'm really not sure what the charging over retail part is about and I was never asked to bundle or buy anything I didn't want, and in fact when I asked if I needed to buy less popular models to build history they told me no and to just be patient and wait. Of course that absolutely could mean I'll never get the next watch, or the sales person I'm dealing with is one of the better ones, so take it for what it's worth. This is just my own personal experience.

[honuswagner13]

Originally Posted by Mathematoxic

OP marked the rose gold blue dial sold at above 80k, but in the chats he mentioned he could get another one haha. Really funny old trick.

I thought the same thing. How could he get another one so quick? Definitely trying to feel out the market.