Rolex....choice and discount?

Rolex....choice and discount?

Author
Discussion

davep1976

Original Poster:

10 posts

198 months

Tuesday 11th May 2010
quotequote all
Morning all,

Looking for some helpful advice please.

Recently lost my Breitling Chronomat (owned since 2000)and am looking to replace with a Rolex. I was pretty certain that I'd buy the Milgauss Anniversary Edition however tried a Deep Sea on and am now torn between the two.

Already own a Tag Heuer Monza and a Omega Speedmaster (Moon model) both are used as occasional watches and I used the Breitling as an everyday watch. I'm now thinking I'll start to wear the Omega and Tag on a more regular basis and keep the Rolex for special occasions or weekend wear.

I have £4300 to put towards it from the Insurance company which would pay for the Milgauss £4200 but the Deep Sea is around £5800. I normally get at least 25% off from my Jeweler on any purchase however they can't supply Rolex so I'll need to look elsewhere for this purchase.

I don't want to throw a heap of money into the watch but I could live with a few hundred quid if I was to go for the Deep Sea at a similar discount, how likely am I to get a discount of around the same level off a Deep Sea or Milgauss purchase?

Any thoughts on the watches in question and advice on the discount appreciated.

Regards

Dave




dustybottoms

512 posts

196 months

Tuesday 11th May 2010
quotequote all
Not sure on the precentage of discount, but I would expect a discount on a Deepsea as it has been far from a sales success.


Adrian W

13,897 posts

229 months

Hong Kong Phooey

12,614 posts

170 months

Tuesday 11th May 2010
quotequote all
Sure i saw a NIB Milgauss GV on PH classifieds for £3999? not long ago


yikes just checked - still available £3500 !!!!!!!!!!!!!!!!!!!!!!!

Edited by Hong Kong Phooey on Tuesday 11th May 12:33

jshell

11,039 posts

206 months

Tuesday 11th May 2010
quotequote all
dustybottoms said:
Not sure on the precentage of discount, but I would expect a discount on a Deepsea as it has been far from a sales success.
Really? Source for this?

GoBig

376 posts

174 months

Tuesday 11th May 2010
quotequote all
My local Rolex dealer has a Deep Sea in, and has for ages, so would imagine there would be plenty of room for negotiation.

I got a 15% discount (IIRC!) when I bought my Sea Dweller a couple of years ago. And that was without trying.

dom9

8,090 posts

210 months

Wednesday 12th May 2010
quotequote all
There was one in Guildford (Deep Sea, that is) for months...

I still like it. Moving to Singapore soon, so will have another look out there!

andy tims

5,582 posts

247 months

Wednesday 12th May 2010
quotequote all
davep1976 said:
I normally get at least 25% off from my Jeweler on any purchase however they can't supply Rolex so I'll need to look elsewhere for this purchase.
Even though the Deep Sea may not be a huge sales success, I doubt any Rolex dealer would give anything like that level of discount if he wanted to keep his franchise & I’d be amazed if you’d getting anything meaningful of a brand new Milguass


As already suggested, Dom should be able to help, or the likes of

http://www.secondtimeround.biz/

could provide a good pre-owned model with no worries about you getting anything but a genuine piece.

davep1976

Original Poster:

10 posts

198 months

Wednesday 12th May 2010
quotequote all
Hi,

Thanks for the advice above, it seems I may be able to get at least 20% off the Deep Sea at a AD through a friend so I'm probably going to go for that. At 20% off I'll have to throw about £400 quid at it which I can live with.

Once again thanks for your help and if this doesn't come off I'll try the alternatives supplied above.

Enjoy the rest of your day!

Dave


andy_s

19,408 posts

260 months

Wednesday 12th May 2010
quotequote all
The mark-up on Rolex is quite low, 31% I understand. Patek are the highest, in the region of 130%...

POORCARDEALER

8,526 posts

242 months

Wednesday 12th May 2010
quotequote all
i was offered 600 of a DS without asking

davep1976

Original Poster:

10 posts

198 months

Wednesday 12th May 2010
quotequote all
Thought it was higher than 31%? I was always led to believe that AD's receive 40% discount from the RRP (Rolex Retail Price). Meaning the AD cost is 60% of list price. I could be wrong though and don't mind if someone would like to correct me..

whoami

13,151 posts

241 months

Wednesday 12th May 2010
quotequote all
andy_s said:
The mark-up on Rolex is quite low, 31% I understand. Patek are the highest, in the region of 130%...
Internet rumour

Beardy10

23,288 posts

176 months

Wednesday 12th May 2010
quotequote all
You can get 20% of pretty much any watch unless it's very sought after. I was offered 20% off a realtively rare Rolex recently by someone that was an intermediary and getting it themselves from an authorised dealer so I would argue you may be able to get more from a dealer direct if you push hard. I also got 20% off my IWC a couple of years ago....again from an intermediary.

andy_s

19,408 posts

260 months

Wednesday 12th May 2010
quotequote all
whoami said:
andy_s said:
The mark-up on Rolex is quite low, 31% I understand. Patek are the highest, in the region of 130%...
Internet rumour
Oh definitely - it was from an old article I was reading.

davep1976

Original Poster:

10 posts

198 months

Wednesday 12th May 2010
quotequote all
Beardy10 said:
You can get 20% of pretty much any watch unless it's very sought after. I was offered 20% off a relatively rare Rolex recently by someone that was an intermediary and getting it themselves from an authorised dealer so I would argue you may be able to get more from a dealer direct if you push hard. I also got 20% off my IWC a couple of years ago....again from an intermediary.
^ This is what I've found in my experience to be honest and along with other members of my family find we get 25% at various Jewelers that we've spent sizable amounts of money with over the years. I thought it prudent to ask as I've never bought a Rolex before and didn't know if / how Rolex would view the AD if discounting to the same sort of levels as I was used to receiving.

In addition to this I don't think the Deep Sea is selling particularly well and this AD currently has one in stock. I wonder on this basis if I'd be better off pushing for our 25% discount meaning I'd only have to pay an additional £110.00 for it...

Edited as my maths was crap!

Edited by davep1976 on Wednesday 12th May 21:29