stop whinging and boycott Rolex price increase

[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

[jas55]

There is no way Rolex can justify another price increase so soon. They raised all their prices by 10% about 2 months ago in Australia. Every time they do this it adds around $800+ to the price of a watch.

They use the supply and demand policy to their advantage. They only have 1 of each watch in the store, so you have to go on the waiting list to get your watch. The seller says, 'Buy now before they go up"

Rolex make 1,000,000 watches every year, there are plenty to go around.

[MrCowboy99]

If you can afford it and want it at the price they are willing to sell it at, then buy it. If not, don't. Simple as that. Increase or not.

Supply and demand will drive all economies and price is an element of economies.

Keep in mind Rolex is selling luxury items. Luxury is defined as something that is an indulgence rather than a necessity The people that want to indulge are not the ones that worry about food and shelter in a bump in the economy.

Let them raise prices, and then, as you do now, you can either indulge or not.

[Felly Jr.]

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.

Even if every member on TRF or any other watch Forum stopped buying Rolex it wouldn't create enough of an impact on the company to make a difference. We are the minority in the watch buying world and make up a very small percentage of overall sales worldwide.

One thing we do have over the general watch buying public is our intense love and affection for our fine timepieces which therefore invokes an intense form of insanity that binds us WIS into the tight knit group that form TRF!

[MrCowboy99]

Originally Posted by Felly Jr.

One thing we do have over the general watch buying public is our intense love and affection for our fine timepieces which therefore invokes an intense form of insanity that binds us WIS into the tight knit group that form TRF!

Now let's all hold hands and start to sing :

Kum ba yah, my Lord, kum ba yah!
Kum ba yah, my Lord, kum ba yah!
Kum ba yah, my Lord, kum ba yah!
O Lord, kum ba yah!

[Felly Jr.]

Originally Posted by MrCowboy99

Now let's all hold hands and start to sing :

Kum ba yah, my Lord, kum ba yah!
Kum ba yah, my Lord, kum ba yah!
Kum ba yah, my Lord, kum ba yah!
O Lord, kum ba yah!

You don't wanna hear ME sing............Trust me!

[builtforspeed]

And after we've finished Kumbaya, maybe we can discuss ex-girlfriends, ex-wives, ex-pets, ex-financial advisers, have a great big group hug and, then, perhaps, we can discuss watches.

Cheers,

Chris

[Felly Jr.]

Originally Posted by builtforspeed

And after we've finished Kumbaya, maybe we can discuss ex-girlfriends, ex-wives, ex-pets, ex-financial advisers, have a great big group hug and, then, perhaps, we can discuss watches.

Cheers,

Chris

How about just the hug and watch discussion?

[builtforspeed]

Originally Posted by Felly Jr.

How about just the hug and watch discussion?

Okay. And pictures (of watches, not the hug thing).

Cheers,

Chris

[Felly Jr.]

Originally Posted by builtforspeed

Okay. And pictures (of watches, not the hug thing).

Cheers,

Chris

OK, but if we have enough film, maybe the hug thing?

[baldyspoon]

Originally Posted by Felly Jr.

Even if every member on TRF or any other watch Forum stopped buying Rolex it wouldn't create enough of an impact on the company to make a difference. We are the minority in the watch buying world and make up a very small percentage of overall sales worldwide.

One thing we do have over the general watch buying public is our intense love and affection for our fine timepieces which therefore invokes an intense form of insanity that binds us WIS into the tight knit group that form TRF!

I did'nt just mean trf but everyone worldwide and then it would have an impact as I am sure lots and lots of people are moaning about the price increases but just carry on buying

[unknown]

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

Baldyspoon,

If they would give a 50% discount I would NEVER buy a Rolex again ... NEVER !!!

I would be very mad if somebody had to pay half of what I paid for my watch.

Besides, since you're from the UK, you should expect some serious increases.
Your £ became worthless.

Look at the major currencies compared to the Swiss Frank

CHF - EURO (2 years)

the euro lost more or less 7%




CHF - HKD (2 years)

the Hong Kong Dollar lost more or less 11%





CHF - USD (2 years)

the US Dollar lost more or less 12%





And now th Pound (also 2 years)

the Pound Sterling lost more than 50% !!!

[MrCowboy99]

Like this? Notice the watch.

[baxta69]

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

Pay the price and be happy is my philosophy. If they were cheap then you would get cheap. The reason Rolex keep their prices high is to keep their range exclusive. A bit like drinking in an up market bar and paying over the odds for drinks. It keeps the riff raff out.
There is a lot of work that goes into making a Rolex...materials have to be bought (gold/platinum is qute high now as its the only guaranteed commodity in the current climate). Wages have to be paid...packaging....distribution....dealers profit as well as Rolex own.
Get a bargain if you can and be happy with it...but if you start trying to boycott, which will never work because plenty of people will still buy, but say you could....the first thing to suffer would be quality. Do you really want that to happen?

[Felly Jr.]

Originally Posted by MrCowboy99

Like this? Notice the watch.

[cmr]

Originally Posted by Felly Jr.

Even if every member on TRF or any other watch Forum stopped buying Rolex it wouldn't create enough of an impact on the company to make a difference. We are the minority in the watch buying world and make up a very small percentage of overall sales worldwide.

One thing we do have over the general watch buying public is our intense love and affection for our fine timepieces which therefore invokes an intense form of insanity that binds us WIS into the tight knit group that form TRF!

20 years ago i said people should stop buying gm cars, i was basically told the same thing you just told him. they don't care about your business and they don't care about the people you tell. they are so big and powerful your business doesn't matter.

now that nobody buys their cars anymore they are on the verge of bankruptcy. believe me when i tell you when a company is so big and powerful they don't care about their customers concerns their fall from the top will follow.

[unknown]

"don't care about their customers concerns "

are you serious ?? they make the best sportswatches in the world, what do you wish they would do.

why do you say they don' t listen to their clients ?

When they're selling between 800.000 and 1.000.000 watches per year I would say they listen damn well to what the clients want !!

[Felly Jr.]

Originally Posted by cmr

20 years ago i said people should stop buying gm cars, i was basically told the same thing you just told him. they don't care about your business and they don't care about the people you tell. they are so big and powerful your business doesn't matter.

now that nobody buys their cars anymore they are on the verge of bankruptcy. believe me when i tell you when a company is so big and powerful they don't care about their customers concerns their fall from the top will follow.

I never said they didn't care about their customers concerns. I was simply pointing out a fact. The people on the Forums that buy their watches make up a very small percentage of worldwide sales.

[cody p]

thank goodness i'm satisfied just owning one. much less to think about :)

[082013]

When a Deep Sea costs over 7000 EUR in Ireland, and £5250 in England, with the EUR-£ almost 1-1, they have to increase the prices here, or decrease the price in the rest of the EU...which do you think they are going to do?

[082013]

When a Deep Sea costs over 7000 EUR in Ireland, and £5250 in England, with the EUR-£ almost 1-1, they have to increase the prices here, or decrease the price in the rest of the EU...which do you think they are going to do?

[cmr]

Originally Posted by unknown

"don't care about their customers concerns "

are you serious ?? they make the best sportswatches in the world, what do you wish they would do.

why do you say they don' t listen to their clients ?

When they're selling between 800.000 and 1.000.000 watches per year I would say they listen damn well to what the clients want !!

i am very serious and they are making that many watches each year but a good percentage of them are not being retailed because the ad's can't sell them. they are being sold off to the grey market.

a watch company that won't service their old watches is no more than a car manufacture that won't supply parts for their old cars. they set you up to buy a new one.

patek and vc will custom make parts for your old watch to repair it. they care about all of their customers, not just the new ones.

[082013]

Originally Posted by cmr

patek and vc will custom make parts for your old watch to repair it. they care about all of their customers, not just the new ones.

They don't make many £3K watches though, and don't do much of a full overhaul and refurb for £300.....apples and oranges IMO.

[unknown]

Originally Posted by 082013

When a Deep Sea costs over 7000 EUR in Ireland, and £5250 in England, with the EUR-£ almost 1-1, they have to increase the prices here, or decrease the price in the rest of the EU...which do you think they are going to do?

making them cheaper in Europe would be a mistake, I'm pretty sure UK prices will rise

[cmr]

Originally Posted by 082013

They don't make many £3K watches though, and don't do much of a full overhaul and refurb for £300.....apples and oranges IMO.

apples and oranges? i can buy a vc overseas chrono for about 13,000.00 and they will repair it for ever. a ss daytona has cost many people within 1,000.00 of that and when it gets old rolex will tell you to go buy a new watch.

rolex is trying to position their selves with the high end manufactures with these constant price increases but not adding any value to their product or services. if they want to play in that ball field they will have to step their game up.

[Timber Loftis]

People who see an incoming price increase on a watch as a reason to go post online are probably NOT those who have an opinion Rolex cares to hear about.

Those of us who can barely afford to own a few of these watches aren't their primary customer base, I dare say.

[mailman]

Originally Posted by Timber Loftis

People who see an incoming price increase on a watch as a reason to go post online are probably NOT those who have an opinion Rolex cares to hear about.

Those of us who can barely afford to own a few of these watches aren't their primary customer base, I dare say.

Unfortunately, you're right Most of the ones that vent online have already made their mind up not to purchase another, or a first one from an AD. Second hand, maybe.

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

[builtforspeed]

Originally Posted by MrCowboy99

Like this? Notice the watch.

Brilliant. I'm overwhelmed. Okay Felly and Cowboy, watches, pictures of watches, and pictures of hugs, it shall be. The friendliest watch site on the internet.

Cheers,

Chris

[Felly Jr.]

Originally Posted by builtforspeed

Brilliant. I'm overwhelmed. Okay Felly and Cowboy, watches, pictures of watches, and pictures of hugs, it shall be. The friendliest watch site on the internet.

Cheers,

Chris

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

[Welshwatchman]

This thought passed my mind a while back.

Rolex are apparently consolidating their Authorised Dealers. Were they anticipating reduced demand in the forthcoming recession and downsizing their Dealerships to attempt to avoid oversupply?

If they reduced production to, say, 500 to 600,000 then the market could possibly withstand another price rise due to the relative scarcity of supply.