stop whinging and boycott Rolex price increase

[TempoKing]

Originally Posted by baldyspoon

Lots of people on here are moaning about the next price increase but the only way to stop it is to boycott Rolex and then if no one buys then they will have to cancel the increase. Lots of companies are offering 50-70% discounts, cars are not selling or holidays no one is buying luxurys but choosing to pay for heating and food before luxurys and theres Rolex talking 10-12% price hikes what are they on and how long will people moan but keep buying thus letting Rolex just keep doing price hikes what are your thoughts

You have to remember the human factor.
Wearing a Rolex clearly states that you have arrived financially,
just because everyone knows of the price increases and the high price
we have to pay just to tell time.

Can you imagine if I am paying 20.000 for my watch, what have I paid for my car or house..?

This is in my opinion pretty much the current thinking from 90% of the Rolex
wearing public.

[shaggy]

it is true that the £ is at a alltime low (or very nearly)
this is a blip in the grand scheme of things
it will come back up
the euro is one of if not the strongest currency on the market and as such anything for sale in that currency suffers outside of europe because its more expensive for 'foreigners' to buy
now heres the rub
these are luxury items and as such dont suffer as much as needed items

i for one hope they dont go down in price otherwise whats the point in having luxury items that can be bought as cheep as needed items?

just my opinion and how my fragile little mind works

[Panos]

prices will very likely have to go up in the UK - due the weak £ to € (and to $) exchange rate.

the UK must be one of the cheapest places right now (especially if one can claim the 15% VAT)...the watch shops in UK airports must be doing a lot of business (bear in mind that purchases in airports even for EU travel and even travel to IE from the UK is VAT free)

[MrCowboy99]

Originally Posted by Felly Jr.

But not just pic's of hugs, pic's of hugs WITH watches!

My Buddy Felly has it pegged today.

[Felly Jr.]

Originally Posted by MrCowboy99

My Buddy Felly has it pegged today.

[onkyo]

I will not whine over the price increase if there is one in early 2009. An extra 10-12% won't sway my watch purchases. If at some point down the road their price increases leave my price range, I will either stop or buy less frequently. As Tempoking said, this is a luxury item. It is not vital for life or happiness. No one is going to boycott anything.

[CanuckRolex]

Why are people lubing up and bending over to shop at AD's when they can go to any grey market dealer and get the same watch for almost 40% off.

[frostie]

Originally Posted by CanuckRolex

Why are people lubing up and bending over to shop at AD's when they can go to any grey market dealer and get the same watch for almost 40% off.

Buying from an AD is much safer

If something goes wrong the AD will take care of it

On the other hand to be honest my next watch will be from a grey market dealer

[onkyo]

Originally Posted by CanuckRolex

Why are people lubing up and bending over to shop at AD's when they can go to any grey market dealer and get the same watch for almost 40% off.

Very true. Some are nervous about buying a watch sight unseen. Some want the warranty and their name on it. Others are nervous about buying from private individuals and being scammed.

I have bought a lot of watches in my time and only twice bought from AD. I buy from sellers here or other watch forums or through grey dealers pretty much exclusively.

ps- the one bad experience I had was through an ebay seller where I had to return the watch and lost a couple hundred $$ shipping back and forth. Otherwise they have all been great!.

[CanuckRolex]

Originally Posted by frostie

Buying from an AD is much safer

If something goes wrong the AD will take care of it

On the other hand to be honest my next watch will be from a grey market dealer

No its not safer. Its a store just like the others. The only difference is you paying 1000-2000 more for the same watch.

[redshirt1957]

[QUOTE=mailman;917887]The second part of your statement is true also, IMO. They're pricing out the average Joe.[/QUOTE]

Lets not forget his cousin, the average Bubba

[mailman]

[QUOTE=redshirt1957;917987]

Originally Posted by mailman

The second part of your statement is true also, IMO. They're pricing out the average Joe.[/QUOTE]

Lets not forget his cousin, the average Bubba

I could never forget my friend

[frostie]

Guys lets be realistic

Its a luxury item it is not a necessity like water,food and since its a luxury item they can charge as much as they want

I am 100% sure that rolex doesnt care at all on what is our opinion

The problem IMO is our greediness and our materialistic behavior we want more and more for no obvious reason. Logically speaking we are paying 5-20k for something that tells the time. How logical does this sound ?

People that are extremely rich couldnt care less about the price increases as they will still be able to buy rolex watches

On the other hand people that are not extremely rich and are extremely price conscious tend to think that continuous price increases are not necessary

Truth be told if you cant afford it dont buy it

Personally i am not extremely rich and i dont complain about the price increases at all cause as i said it is a luxury item and when we are talking about luxury there is no rationality when talking about prices at all as they can charge an arm and a leg for no obvious reason

PS. Not to mention that rolex watches have the best value for money as you have the complete package : craftmanship, history, resale value, reliability etc

[mailman]

Originally Posted by CanuckRolex

No its not safer. Its a store just like the others. The only difference is you paying 1000-2000 more for the same watch.

In some cases, you can save money. Others have a good relationship with their AD's and can get a discount like this from buying BNIB from them.

It's safer to some because they know that they are getting piece of mind, buying the real thing from an AD with a two year warranty.

[frostie]

Originally Posted by CanuckRolex

No its not safer. Its a store just like the others. The only difference is you paying 1000-2000 more for the same watch.

I do agree with what you said

My AD here in greece didnt give me any discount when i bought my GMT II C from him

[vapalux]

From my understanding Prices are increasing in the UK to bring it in line with the Euro. For those with any interest its the reason for the Omega price increase.

'If I wear a Rolex its a sign I have made it and what must my car and house be like?' I do have a reply for that but............Well,its a normal house and a normal car which I and my partner have worked our butt off for. Made it! Get real.

The economy in the UK is going to be rough for a few years and recently has seen companies go into liquidation, that 2 years ago you would have put your house on would never go. Its happened - and will continue to happen until the country starts to climb out of the worldwide recession. As has been already said people are feeding themslves first before thinking about buying a watch.

Me, personally I am not a great fan of some of the sports watches BUT thats only my opinion and I can see other peoples point of view(unlike the ones who think theirs is the only one that matters!) But unless they look after customers the customer will go elsewhere. That is a fact of life. Like it or not.

If you can afford it buy before the increase. However if I cannot see a valid point for a company taking the **** I will not be buying new. Secondhand possibly or even a different brand.

Rolex may have to produce less watches due to the vast amount of seconhand watches availible and the real possibility of seeing AD's go to the wall. With a change in leadership in my experience this is an accountant taking over to see through the financial storm, then once over there may be another change.

As for the group hug - ok but can I be at the back?

Si

[Mr. K]

Originally Posted by frostie

Not to mention that rolex watches have the best value for money as you have the complete package : craftmanship, history, resale value, reliability etc

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.

[KJacques]

Originally Posted by baxta69

Pay the price and be happy is my philosophy. If they were cheap then you would get cheap.

Your philosophy is exactly what Rolex is banking on. They hope people feed into their illusion of "exclusivity" to keep selling watches above their reasonable value. Comparing my submariners to an Omega Planet Ocean shows me that not only can Omega pull off a watch equal or better quality than my Submariners, but can do it at half the price. I know Omega is making a fine profit on their watch, so what Rolex is offering me above the cost of the P.O. is largely illusory.

[Mr. K]

Originally Posted by frostie

The problem IMO is our greediness and our materialistic behavior we want more and more for no obvious reason. Logically speaking we are paying 5-20k for something that tells the time. How logical does this sound ?

Truth be told if you cant afford it dont buy it

Personally i am not extremely rich and i dont complain about the price increases at all cause as i said it is a luxury item and when we are talking about luxury there is no rationality when talking about prices at all as they can charge an arm and a leg for no obvious reason

I totally agree with this.

[frostie]

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.

I agree with you

Panerai is a good contender too

Most of the people that are conscious with value for money tend to be more conscious towards resale value and panerai has a great resale value

On the other hand omega or breitling have a great value for $ when buying them new or second hand but imagine what happens when you are going to sell your omega or breitling. The depreciation on these brands is frightening

On the other hand if you are a keeper like me then omega and breitling have great value for $

[Welshwatchman]

If you really want value for money.



Swiss movement for the price of a Rolex strap.

[scooba]

I have no problem with price increases ,you either buy or dont buy it makes my previous Rolex purchases seam cheap.The gbp is now worthless and if i was a swiss watch maker i wouldnt want to subsidise the uk market and we shouldnt expect them too.As said we members are a minority 18,000 and rolex produce 750,000 units a year ,

My AD told me to expect increases early 09 he has been a AD 20 years and knows how it works they can absorb some currency fluctuations but not what has been seen in the last twelve months

[MrCowboy99]

I have an idea, instead of them increasing prices in the UK to adjust for currency, why don't they lower everyone elses to UK levels?

Likelihood of that is ___(You fill in the blank)_______

or

[Felly Jr.]

Originally Posted by MrCowboy99

I have an idea, instead of them increasing prices in the UK to adjust for currency, why don't they lower everyone elses to UK levels?

Likelihood of that is ___(You fill in the blank)_______

or

[builtforspeed]

Originally Posted by CanuckRolex

Why are people lubing up and bending over to shop at AD's when they can go to any grey market dealer and get the same watch for almost 40% off.

Felly and Cowboy: Pictures of hugs with watches are okay, but no pictures depicting shoppers at any AD within 25 miles of CanuckRolex's house.

Cheers,

Chris

[Jack_23]

Price decreases are the worst thing that could happen to Rolex. The real price of a Rolex is all relative as to how much money they can sell them for. Even though there is a lot of material cost and labor that goes into making them, the cost is no where near what the average person pays at their AD.

Think about the diamond market. The value of diamonds are controlled because the quantity that is released into the market is controlled.

Point being is that the only real way your Rolex will maintain its market value is if price increases continue to occur.

I hope they increase 20% a year.

[MrCowboy99]

I did see this AD sales person working on her car when I went shopping today. Maybe they need to pay them more so the cars wont break down with all these price increases.

[builtforspeed]

Originally Posted by MrCowboy99

I did see this AD sales person working on her car when I went shopping today. Maybe they need to pay them more so the cars wont break down with all these price increases.

Cowboy, try as I might I am unable to focus on the bit above the photo that looks like words and such. I'll bet what you wrote was funny though.

Cheers,

Chris

[MrCowboy99]

Originally Posted by builtforspeed

Cowboy, try as I might I am unable to focus on the bit above the photo that looks like words and such. I'll bet what you wrote was funny though.

Cheers,

Chris

stay with me BFS!! stay with me!

[mailman]

Originally Posted by Welshwatchman

If you really want value for money.



Swiss movement for the price of a Rolex strap.

That's nice man What is it?