Has the Rolex bubble finally burst? Perhaps it has

Has the Rolex bubble finally burst? Perhaps it has

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funinhounslow

1,629 posts

142 months

Tuesday 26th March
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BigBen said:
AIUI the conversation with the mugger is 'give me your watch or I will slice your arm off' rather than slice first ask questions later.......
The news story linked above is about a bloke murdered for his watch which was a fake…

DanL

6,215 posts

265 months

Tuesday 26th March
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Nurburgsingh said:
DanL said:
I’m sure they do - what’s your point? biggrin
wearing the 'wrong' Casio will make you a target too...
Ha! Yes, I should think it would - however, in the context of a reply from me suggesting that you wear something that won’t make you a target, perhaps that’s something you might assume I wasn’t suggesting? biggrin

Wheelspinning

1,213 posts

30 months

Tuesday 26th March
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Longy00000 said:
bordseye said:
And that has to be the issue. If you can get a fake that is so good it cannot be told apart and whose parts are interchangeable with the real Rolex, than why pay 100 times as much for the real thing?
But this how luxury products thrive.
I sometimes wear my £25 casio but only because its not pretending to be anything other than a £25 casio. I would never wear a £25 watch if it was pretending to be a £2500 omega or similar.
Why buy a branded polo shirt for £100 when Asda can sell you a similar polo shirt for a tenner?
People buy luxury goods because they themselves know its real and it makes them feel good and thats before you get into things like build quality and design details etc.
Personally I would never knowingly buy a fake product as I don't see the point. To put it simply, I think i would FEEL fake for wearing it rather than feeling good.
I know others will have a different attitude though
I fully understand that view.

However, there are unfortunately plenty of people out there that have paid genuine price for a fake and are wearing it completely oblivious that it's a grade 1 clone.

In that instance you do not have that perception of feeling awkward that you are wearing a fake as to the best of your knowledge, it's genuine.

Personally, after my visit to Turkey, I feel that anyone buying from anywhere apart from an AD is taking a giant leap of faith.

It would be interesting to see a super clone of my ever rose GMT to see how close they are...


ashleyman

6,986 posts

99 months

Tuesday 26th March
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JEA1K said:
Dinoboy said:
The seller only receives the payment after the eBay authentication is complete.
Not in all cases. I sold two watches on ebay last year, a Speedmaster and an Explorer II and both payments were cleared and sent to me immedietly ... funds sent to me from ebay the following day. I didn't get chance to send the watch off in both cases until the day after the sale.

If there had been an issue, I'm sure ebay would have taken payment from my credit card!
Agree. Also my experience. EBay don’t hold funds in escrow.

Pro Bono

594 posts

77 months

Tuesday 26th March
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Wheelspinning said:
However, there are unfortunately plenty of people out there that have paid genuine price for a fake and are wearing it completely oblivious that it's a grade 1 clone.

In that instance you do not have that perception of feeling awkward that you are wearing a fake as to the best of your knowledge, it's genuine.
So if someone has bought a fake but is convinced it's genuine it's really quite hard to see where the harm is, as they believe they've achieved what they wanted. I also suspect that most `fashion' buyers of Rolexes would never consider having them serviced, so they'd probably never discover they were wearing a fake, and would live happily ever after.

It's a very interesting moral dilemma. If, as is increasingly the case, a fake can be an exact replica of an original, the only difference is its provenance. And as that has no actual value (in that it doesn't make the watch any better as a watch) can it possibly make sense to pay a premium of thousands or tens of thousands of pounds for it? Or is it merely marking the buyer of the real thing a gullible idiot who's been duped by the branding?

Incidentally, this makes for interesting viewing - https://www.bbc.co.uk/programmes/m001t575 Although my first instinct was a desire to terminate the scrotes with a quick burst from an Uzi, having watched the programme to the end I could very easily understand why watch robbing is such an attractive option for a kid with very few other prospects.

And whilst I can't in anyway condone what they do it did make me feel that people who walk down the street wearing a £100,000 piece of jewellery are really rather stupid.

It's ironic that because the fakes are now indistinguishable from the real thing buying one could actually put you at risk of serious injury, or even death. Perhaps both the fakes and the real thing should carry a Government health warning!

jdw100

4,118 posts

164 months

Wednesday 27th March
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BigBen said:
AIUI the conversation with the mugger is 'give me your watch or I will slice your arm off' rather than slice first ask questions later.......
Exactly why my friend wears a fake Milgauss and keeps his real one at home these days.

Will just hand it over rather then end up with a bruised wrist after a struggle - which is what happened when someone went for the real one in a pub.

paulguitar

23,431 posts

113 months

Wednesday 27th March
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jdw100 said:
Exactly why my friend wears a fake Milgauss and keeps his real one at home these days.

Will just hand it over rather then end up with a bruised wrist after a struggle - which is what happened when someone went for the real one in a pub.
Surely not wearing the watch completely defeats the purpose of owning it?

I’m surprised to hear so many stories of people getting into trouble with expensive watches. I’ve been wearing various fairly expensive watches for the last 25 years or so and I don’t think anyone has even noticed.

JEA1K

2,504 posts

223 months

Wednesday 27th March
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paulguitar said:
Surely not wearing the watch completely defeats the purpose of owning it?

Exactly. I mean, if you go somewhere where you feel you're not safe, just don't wear the watch ... I just don't get why you'd want to wear an exact replica of whats at home.

stanlow45

304 posts

6 months

Wednesday 27th March
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JEA1K said:
paulguitar said:
Surely not wearing the watch completely defeats the purpose of owning it?

Exactly. I mean, if you go somewhere where you feel you're not safe, just don't wear the watch ... I just don't get why you'd want to wear an exact replica of whats at home.
Maybe you want to know the time without the risk of losing your p&j. If you hand over a worthless piece it is of little consequence, insurance can cover financial loss sure but some pieces have sentimental value and may be irreplaceable.

Blown2CV

28,817 posts

203 months

Wednesday 27th March
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I just have other, cheaper watches. If I'm going to a brothel or just any part of London or somewhere I will definitely be robbed, I just wear one of those instead.

I wouldn't wear a fake Rolex instead... I wouldn't want to be povvo shamed by a thief in addition to being robbed.

Shnozz

27,476 posts

271 months

Wednesday 27th March
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Any recommendations for watch insurance that covers for these sort of assaulted thefts rather than just theft from home?

Blown2CV

28,817 posts

203 months

Wednesday 27th March
quotequote all
Shnozz said:
Any recommendations for watch insurance that covers for these sort of assaulted thefts rather than just theft from home?
any insurer will ask you to list something above a certain value as specific item. Specific items should be insured anywhere. Check the Ts&Cs

DanL

6,215 posts

265 months

Wednesday 27th March
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Blown2CV said:
Shnozz said:
Any recommendations for watch insurance that covers for these sort of assaulted thefts rather than just theft from home?
any insurer will ask you to list something above a certain value as specific item. Specific items should be insured anywhere. Check the Ts&Cs
This. Mine is on my house contents insurance - 15k single item valuables limit outside the home. I’m with Axa, but I’d think they all do it (with varying single item limits, mind you!). I didn’t even have to name my watch, from memory. It’s just covered as a single valuable item worth less than X.

stanlow45

304 posts

6 months

Wednesday 27th March
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Shnozz said:
Any recommendations for watch insurance that covers for these sort of assaulted thefts rather than just theft from home?
I originally did with Ripe Valuables which is part of Aviva. Covered worldwide whilst being worn.

Obviously much cheaper than the official Rolex insurance I was offered.

Now added to my Hiscox household policy.

Blown2CV

28,817 posts

203 months

Wednesday 27th March
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unless you're lucky enough to have a massive collection worth £200k upwards, normal house insurance named items is usually the best way to go. They also don't usually require you to have a watch safe, which some of the specialist insurers may do.

CrippsCorner

2,808 posts

181 months

Wednesday 27th March
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I just bought my son and I fake England shirts because they're just so good these days, and I probably won't even wear it out the house... £10 each. Sod £85! Nike priced themselves out of the market for a lot of people there. If they remained at £40 like my local team I'd have gone real.

Fake Rolex though, don't see the point? For me it'd be the accomplishment of being able to afford one that makes it worth wearing. It's surely the pride/feeling you get, rather than purely how it looks. I 'only' have a TAG at the moment, but that still means a lot to me.

JEA1K

2,504 posts

223 months

Wednesday 27th March
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stanlow45 said:
Maybe you want to know the time without the risk of losing your p&j. If you hand over a worthless piece it is of little consequence, insurance can cover financial loss sure but some pieces have sentimental value and may be irreplaceable.
Yes, I appreciate that but where is the logic in wearing an exact replica of what you have?!

You could still get hit over the head for fake, so its not really removing all of the risk ... I don't think screaming 'its a fake to your attackers' will stop them in their tracks.

Surely if you wanted to mitigate the risk, you would either wear no watch or wear one that clearly looks cheap or undesirable to watch stealing vermin?

Blown2CV

28,817 posts

203 months

Wednesday 27th March
quotequote all
they'd hit you over the head, realise it was fake, laugh at you, take it anyway, and then give you a couple of boots in the ribs for wasting their time, and then run off laughing again

Longy00000

1,346 posts

40 months

Wednesday 27th March
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Blown2CV said:
unless you're lucky enough to have a massive collection worth £200k upwards, normal house insurance named items is usually the best way to go. They also don't usually require you to have a watch safe, which some of the specialist insurers may do.
I have found this not to be the case anymore. I had real problems last year trying to get household insurance to cover 4 watches and some jewelry. The absolute crap they put me through ref the safe was no.bodies business and the whole lot was no where near £200k prob less than £100k.
I 100% am expecting them to refuse to renew come the summer as they have only acknowledged 3 watches on the policy and not the 4th despite requests.
Apparantly insurers suffer a surge in watch claims when the economy dips so try to avoid cover if possible.
Not looking forward to the headache I will endure in a few months time frown

jdw100

4,118 posts

164 months

Thursday 28th March
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JEA1K said:
paulguitar said:
Surely not wearing the watch completely defeats the purpose of owning it?

Exactly. I mean, if you go somewhere where you feel you're not safe, just don't wear the watch ... I just don't get why you'd want to wear an exact replica of whats at home.
His thinking (as I understand it) is that he absolutely loves the style of the watch.

Less keen on someone trying to rip it off his wrist which happened in (outside?) a pub in a decent area of town.

Rather than fight - he would just hand it over.

Re your comment: I’ve been out after work before and ended up in all sorts of areas until 03:00. All from a ‘quick drink after work’.

Not always easy to plan or something you even think about.