Has the Rolex bubble finally burst? Perhaps it has
Discussion
InformationSuperHighway said:
The YM is one of my all time favorites. More specifically the older / cheaper model with the blue hands.
Very underrated Rolex IMO.
Agree. Not sure if its the same as you're describing but my Rhodium YM was the first Rolex I was really drawn to....its a lovely watch.Very underrated Rolex IMO.
Love my RG YM, and am waiting on a Rhodium dial to go along side it…
For me, the pillowy curves of the case are a major draw, so much more refined than the blocky Maxi Case. I know the maxi is a “tool watch” (tool’s watch??), but it does little for me, and pales in comparison when held up directly against a YM. Obviously most marketing shots are face on so you don’t necessarily appreciate this unless you handle one directly.
For me, the pillowy curves of the case are a major draw, so much more refined than the blocky Maxi Case. I know the maxi is a “tool watch” (tool’s watch??), but it does little for me, and pales in comparison when held up directly against a YM. Obviously most marketing shots are face on so you don’t necessarily appreciate this unless you handle one directly.
Big Stevie said:
marky1 said:
Congratulations 
Care to share your waiting experience please? Did you have any contact with them over those 3 yrs or did they just contact you out of the blue?
okgo said:
You’d have to be certifiable to pay 50% over for a watch that is falling in value every week.
I see the same dreamers still pushing them at £15k - unsurprisingly the stock is sitting.
It's only a blip though. Everything will recover and more. Especially the big bits. Innit.I see the same dreamers still pushing them at £15k - unsurprisingly the stock is sitting.
Big Stevie said:
Wheelspinning said:
I got a call today about a James Cameron Deep-sea…
We’re you on their list for one of these or did they call you anyway?But that’s my big beef with the AD - they pretend that I’m on the list (humble AirKing for ages, Deep Sea for “big birthday” in late 2024), but I know that they proactively ring their favoured clients - ”we’ve got these coming in . . . is it the sort of thing that interests you?”.
Given the level of demand, and the profit in a quick flip, the scraps never reach down to peasant level!
Even more galling is when the favoured client declines, but sends his mate in on a “tell them Sid sent you” recommendation.
AD is never, ever, going to sell me a watch unless the market really collapses and no one higher up the pecking order actually want one.
Octoposse said:
Big Stevie said:
Wheelspinning said:
I got a call today about a James Cameron Deep-sea…
We’re you on their list for one of these or did they call you anyway?But that’s my big beef with the AD - they pretend that I’m on the list (humble AirKing for ages, Deep Sea for “big birthday” in late 2024), but I know that they proactively ring their favoured clients - ”we’ve got these coming in . . . is it the sort of thing that interests you?”.
Given the level of demand, and the profit in a quick flip, the scraps never reach down to peasant level!
Even more galling is when the favoured client declines, but sends his mate in on a “tell them Sid sent you” recommendation.
AD is never, ever, going to sell me a watch unless the market really collapses and no one higher up the pecking order actually want one.
If I don't take it I cannot send a 'pal' in; it must go to someone on the list or a known client.
They have procedures to try their best to ensure its not bought to be flipped.
As the market has cooled it does seem as though more people on the lists don't fancy one if they get a call now as the instant 40% potential profit is gone.
Still plenty of takers though as whilst the grey market has changed, the ADs still could sell multiples of what they get delivered each week.
I'm sure you shall get a call or email soon about the watch you desire.
Wheelspinning said:
Octoposse said:
Big Stevie said:
Wheelspinning said:
I got a call today about a James Cameron Deep-sea…
We’re you on their list for one of these or did they call you anyway?But that’s my big beef with the AD - they pretend that I’m on the list (humble AirKing for ages, Deep Sea for “big birthday” in late 2024), but I know that they proactively ring their favoured clients - ”we’ve got these coming in . . . is it the sort of thing that interests you?”.
Given the level of demand, and the profit in a quick flip, the scraps never reach down to peasant level!
Even more galling is when the favoured client declines, but sends his mate in on a “tell them Sid sent you” recommendation.
AD is never, ever, going to sell me a watch unless the market really collapses and no one higher up the pecking order actually want one.
If I don't take it I cannot send a 'pal' in; it must go to someone on the list or a known client.
They have procedures to try their best to ensure its not bought to be flipped.
As the market has cooled it does seem as though more people on the lists don't fancy one if they get a call now as the instant 40% potential profit is gone.
Still plenty of takers though as whilst the grey market has changed, the ADs still could sell multiples of what they get delivered each week.
I'm sure you shall get a call or email soon about the watch you desire.
- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “f
k ‘em” list, aka the ”entertainment / snigger at their naivety list”. Regrettably both the ADs I tried have qualified me onto the last of those!
Wheelspinning said:
A few years ago I would of went with white gold every time, but am drawn to two tone or rose gold now.
I got a call today about a James Cameron Deep-sea; not tried one of them on for a long time and remember it as a bit clunky, but going in tomorrow to try it on which is never a good idea...
Agree. I also used to avoid non white gold of any description but now love rose....and would even potentially consider yellow, depending on the model I got a call today about a James Cameron Deep-sea; not tried one of them on for a long time and remember it as a bit clunky, but going in tomorrow to try it on which is never a good idea...
Im supposedly ‘on the list’ for a blue faced Deep Sea, as the AD insisted on calling it. But I’m not wanting it for another 4 yrs to mark an event. But my experience with the two AD’s I visited wasn’t pleasant, so when the time comes and if the market has returned to normal by then I might prefer to give my money to a grey seller.
Octoposse said:
I think we can extrapolate to the pecking order!
- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “fk ‘em” list, aka the ”entertainment / snigger at their naivety list”.
Regrettably both the ADs I tried have qualified me onto the last of those!
In my experience, and in the experience of everyone I know who gets a decent number of Rolex pieces, there is definitely no way you can just send a mate in if you aren't interested yourself.- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “f
k ‘em” list, aka the ”entertainment / snigger at their naivety list”. Regrettably both the ADs I tried have qualified me onto the last of those!
Sorry, just doesn't happen.
Octoposse said:
Wheelspinning said:
Octoposse said:
Big Stevie said:
Wheelspinning said:
I got a call today about a James Cameron Deep-sea…
We’re you on their list for one of these or did they call you anyway?But that’s my big beef with the AD - they pretend that I’m on the list (humble AirKing for ages, Deep Sea for “big birthday” in late 2024), but I know that they proactively ring their favoured clients - ”we’ve got these coming in . . . is it the sort of thing that interests you?”.
Given the level of demand, and the profit in a quick flip, the scraps never reach down to peasant level!
Even more galling is when the favoured client declines, but sends his mate in on a “tell them Sid sent you” recommendation.
AD is never, ever, going to sell me a watch unless the market really collapses and no one higher up the pecking order actually want one.
If I don't take it I cannot send a 'pal' in; it must go to someone on the list or a known client.
They have procedures to try their best to ensure its not bought to be flipped.
As the market has cooled it does seem as though more people on the lists don't fancy one if they get a call now as the instant 40% potential profit is gone.
Still plenty of takers though as whilst the grey market has changed, the ADs still could sell multiples of what they get delivered each week.
I'm sure you shall get a call or email soon about the watch you desire.
- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “f
k ‘em” list, aka the ”entertainment / snigger at their naivety list”. Regrettably both the ADs I tried have qualified me onto the last of those!
Deep said:
Octoposse said:
I think we can extrapolate to the pecking order!
- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “fk ‘em” list, aka the ”entertainment / snigger at their naivety list”.
Regrettably both the ADs I tried have qualified me onto the last of those!
In my experience, and in the experience of everyone I know who gets a decent number of Rolex pieces, there is definitely no way you can just send a mate in if you aren't interested yourself.- No interest expressed, gets proactive call - AD wants to keep in your good books enough that happy to accept recommended alternative customer. Offer cascades to:
- No interest expressed, gets proactive call, ‘take it or leave it’. Next step:
- Interest expressed, on an actual prospective client list, realistic expectation of eventually getting a watch.
- The “f
k ‘em” list, aka the ”entertainment / snigger at their naivety list”. Regrettably both the ADs I tried have qualified me onto the last of those!
Sorry, just doesn't happen.
I’ve been told - after genuinely / foolishly admiring various flavours of Sub that ”xxxxxx can fix you up if you mention my name” (xxxxxxx being a manager at the AD).
I don’t bite because it’s very much an invitation to confirm your subordinate status to the big swinging dick brigade.
Some ADs might act differently but I doubt it as after the cull of the number of ADs a few years back, Rolex run it pretty stringently and none of the remaining ADs would want to be next for the chop.
This is how it was explained to me.
The branch manager can decide who gets offered the lower priced watches and offer them to whomever is next on the list without approval.
Any of the 'hot' watches that come in, the branch manager again looks at the list and then has to contact an area manager type that then decides if the criteria is met.
A few names shall be put forward in the event of an individuals circumstances have changed and they decline, it then moves onto the next name, and after that there is the list of repeat clients that might not have that particular watch on their list, but happily buy whatever is offered and have no history of flipping.
There is no 'sending your mate in'.
You can 'buy it for your mate' but its in your name; if it then changes into your mates name it would flag.
I certainly wouldn't entertain 'owning' a £15k watch that is registered in someone else's name.
So IMO, your 'pals' are ripping the pish and if you call their bluff after a chasing it up looking all desperate, they would give you a line of why it couldn't happen this time.
As much as it may go against the grain, stick your head in once a month and make small talk and ask if any movement.
Contrary to other posts, the staff won't feel empowered and be snidey behind your back; your creating familiarity and not put in the category of hundreds of others that put their name down and never follow it up and the chances of them being offered a watch are almost nil.
If this post generates lots of the usual posters with smart ass replies, fair enough, I am just trying to offer you the explanation of your post and how it actually works for watch allocations.
This is how it was explained to me.
The branch manager can decide who gets offered the lower priced watches and offer them to whomever is next on the list without approval.
Any of the 'hot' watches that come in, the branch manager again looks at the list and then has to contact an area manager type that then decides if the criteria is met.
A few names shall be put forward in the event of an individuals circumstances have changed and they decline, it then moves onto the next name, and after that there is the list of repeat clients that might not have that particular watch on their list, but happily buy whatever is offered and have no history of flipping.
There is no 'sending your mate in'.
You can 'buy it for your mate' but its in your name; if it then changes into your mates name it would flag.
I certainly wouldn't entertain 'owning' a £15k watch that is registered in someone else's name.
So IMO, your 'pals' are ripping the pish and if you call their bluff after a chasing it up looking all desperate, they would give you a line of why it couldn't happen this time.
As much as it may go against the grain, stick your head in once a month and make small talk and ask if any movement.
Contrary to other posts, the staff won't feel empowered and be snidey behind your back; your creating familiarity and not put in the category of hundreds of others that put their name down and never follow it up and the chances of them being offered a watch are almost nil.
If this post generates lots of the usual posters with smart ass replies, fair enough, I am just trying to offer you the explanation of your post and how it actually works for watch allocations.
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