Wow.. WG Daytona at Costco

[red1108nyc]

They actually have a pretty good looking model there today.

[Trouble15]

Out of curiosity, which Costco?

[red1108nyc]

Originally Posted by Trouble15

Out of curiosity, which Costco?

Teterboro NJ on route 46.

[Rags]

They have them in Staten Island NY all the time.

[viper]

I usually go to the one in Wayne, haven't seen one yet.

[Al1969]

Teterboro? That's really close to me. I've yet to visit it, now I need to go take a look at their selection.

[Quailhunter]

I would be worried about buying a fake.

[AK797]

Originally Posted by Quailhunter

I would be worried about buying a fake.

Weight would be a giveaway.

Is their return policy now a couple of months with watches, the lifetime policy is gone now right?

[masyv6]

Never seen a Rolex at a Sam's or Costco around me. Can't say I've ever looked very hard though

[dreamalaska]

Originally Posted by AK797

Weight would be a giveaway.



Is their return policy now a couple of months with watches, the lifetime policy is gone now right?

Costco still offers a lifetime return policy on their watches as long as you have the original receipt. They buy from gray market dealers (apparently their primary one is in New York) so it's highly unlikely you'd ever get a fake one. I've seen several that still have full stickers on them. That being said, their prices usually aren't any better than trusted dealers here (well, maybe a little Less if you consider the rebate being an executive member and the credit card % back), BUT you will NOT receive the original Rolex Warranty card with it (they say to protect their supplier), but again, Costco is the one offering the warranty. Also, if anyone returns any piece of jewelry (watches too) worth over $1500 it is returned to their dealer, where it's authenticated and re-shipped for sale to another Costco.

[nch209]

Some dj2 here in Virginia... But like the above, no deals to be had.

[Ticknaway]

Originally Posted by dreamalaska

Costco still offers a lifetime return policy on their watches as long as you have the original receipt. They buy from gray market dealers (apparently their primary one is in New York) so it's highly unlikely you'd ever get a fake one. I've seen several that still have full stickers on them. That being said, their prices usually aren't any better than trusted dealers here (well, maybe a little Less if you consider the rebate being an executive member and the credit card % back), BUT you will NOT receive the original Rolex Warranty card with it (they say to protect their supplier), but again, Costco is the one offering the warranty. Also, if anyone returns any piece of jewelry (watches too) worth over $1500 it is returned to their dealer, where it's authenticated and re-shipped for sale to another Costco.

Are you saying that it's a possibility Costco is selling used Rolexs?

[soundserious]

Yes obviously

[firstOwatch]

Originally Posted by soundserious

Yes obviously

[VICI]

Anyone thinks $28,999 is even a consideration for that piece??

The secondary market on that watch is $11k below that price.

Ridiculous.

[dreamalaska]

Originally Posted by Ticknaway

Are you saying that it's a possibility Costco is selling used Rolexs?

No, they don't sell used. I should've clarified - if you buy a watch and it's still in new condition, but don't like it and decide to return it, then they'll return to vendor for authentication for resell. I've never seen "used" jewelry for sale at any Costco. Apparently they do have a wholesale outlet that, if you're a business, you can sign up for and get access to buy their salable returns in lots, but never researched it to see if Rolexes show up in those...
Also, I've never found any sought after models there, only ones that seem not to be hot sellers - but I'm sure they get a few every once in a while.

[red1108nyc]

Looked brand new to me when I was there. I should of asked to try.

[Wcdhtwn]

They are not used watches. The biggest risk buying from Costco as far as I can tell is if it needs repair. Costco sends it to be repaired, they stand behind it, but no one at Costco can assure me the watch would be repaired with genuine Rolex parts.

[DevinH]

Originally Posted by VICI

Anyone thinks $28,999 is even a consideration for that piece??

The secondary market on that watch is $11k below that price.

Ridiculous.

My first thought too.


Sent from my iPhone 6s using Tapatalk

[77T]

Preowned 116509s fetch $18-20K for Arabic dialed version.
BNIB from an AD (if it's been laying around a year or so) might get down to $29K (abt 18% disc.).
Going "Costco" depends on if you must have new, and want to avoid haggling with AD, and are willing to risk tangled warranty (which hopefully wouldn't be needed during next 5 yrs.).

[dadonn2]

Originally Posted by dreamalaska

Costco still offers a lifetime return policy on their watches as long as you have the original receipt. They buy from gray market dealers (apparently their primary one is in New York) so it's highly unlikely you'd ever get a fake one. I've seen several that still have full stickers on them. That being said, their prices usually aren't any better than trusted dealers here (well, maybe a little Less if you consider the rebate being an executive member and the credit card % back), BUT you will NOT receive the original Rolex Warranty card with it (they say to protect their supplier), but again, Costco is the one offering the warranty. Also, if anyone returns any piece of jewelry (watches too) worth over $1500 it is returned to their dealer, where it's authenticated and re-shipped for sale to another Costco.

I wonder what possessed Costco to source a grey market dealer, protect them etc. in order to stock the occasional Rolex. Seems odd. Obviously, it's to make money but seems strange nonetheless.

[dreamalaska]

Originally Posted by dadonn2

I wonder what possessed Costco to source a grey market dealer, protect them etc. in order to stock the occasional Rolex. Seems odd. Obviously, it's to make money but seems strange nonetheless.

Costco does this to bring in customers. They call it "Easter Egg" shopping. Rolex, IWC, Cartier, Breitling, Tumi, high end liquor (usd$15000 bottles - seriously), the rarified diamond collection (over usd$100,000) etc etc...they say they don't actually make much money after costs are considered on these sales. Costco has to buy from gray dealers because no authorized dealer in their right mind would be caught selling to them. I've read that most come through 3rd world dealers that sell to the gray market New York dealer (Jonmashop I wonder?)

[Runnin' Rebel]

Originally Posted by dreamalaska

Costco still offers a lifetime return policy on their watches as long as you have the original receipt. They buy from gray market dealers (apparently their primary one is in New York) so it's highly unlikely you'd ever get a fake one. I've seen several that still have full stickers on them. That being said, their prices usually aren't any better than trusted dealers here (well, maybe a little Less if you consider the rebate being an executive member and the credit card % back), BUT you will NOT receive the original Rolex Warranty card with it (they say to protect their supplier), but again, Costco is the one offering the warranty. Also, if anyone returns any piece of jewelry (watches too) worth over $1500 it is returned to their dealer, where it's authenticated and re-shipped for sale to another Costco.

Hers an 9 page thread on Costco and Rolex

http://www.rolexforums.com/showthread.php?t=467444

You have a completely different answer on watch returns then what the Costco where I go said. Also, I've return maybe 5 items since Costco opened here (US) and never needed a receipt. It's all on your Costco card history in their computer.. Always gave me cash back instead of back on my card which I thought was strange as most stores credit your card that you used

[Onx]

Making the most of your annual membership fee

[fskywalker]

Cool find! No Rolexes yet on the ones here


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[watchwatcher]

Wow. That is a beauty.

I wouldn't buy it, but man I could have some fun trying that thing on.

[m j b]

For me, buying from a TRF seller saves me sales tax, so at $27K that's significant.

Now, if they have what I want (they never do) and the mood strikes me there and then, then it may not matter.

[Judah]

Originally Posted by nch209

Some dj2 here in Virginia... But like the above, no deals to be had.

Where at in Va? I'm in D.C.

[arturob]

just saw a 116680 for 13k if I recall correctly.

[brandrea]

Thacts quite a find