Has the Rolex bubble finally burst? Perhaps it has
Discussion
Buster73 said:
MrJuice said:
Buster73 said:
50 Daytona watches in one year ?
aye, of course he did.
This was at a time when Daytonas sold for about £1000-£1500 above list price. aye, of course he did.
The second hand watch guys were paying list price or slightly above for them. So no massive demand from Joe Public for a quick buck.
I know it was 50 because I was there for every purchase. There was an art to it. You call on delivery day which would be a Friday. You catch that hungry sales guy who wants his 1% commission. You pay a deposit over the phone or pay for the whole thing over the phone. You collect when you can. If they're a national chain, you get them to post the watch to a local store and collect. They won't allow you to pay at the local store because they'll lose their commission.
These days the £12.50ph sales guys want thousands of pounds in cash to sell you a Daytona.
It gets even better , never read so much rubbish on here for a long time.
Buster73 said:
MrJuice said:
Buster73 said:
50 Daytona watches in one year ?
aye, of course he did.
This was at a time when Daytonas sold for about £1000-£1500 above list price. aye, of course he did.
The second hand watch guys were paying list price or slightly above for them. So no massive demand from Joe Public for a quick buck.
I know it was 50 because I was there for every purchase. There was an art to it. You call on delivery day which would be a Friday. You catch that hungry sales guy who wants his 1% commission. You pay a deposit over the phone or pay for the whole thing over the phone. You collect when you can. If they're a national chain, you get them to post the watch to a local store and collect. They won't allow you to pay at the local store because they'll lose their commission.
These days the £12.50ph sales guys want thousands of pounds in cash to sell you a Daytona.
It gets even better , never read so much rubbish on here for a long time.
philcray said:
I don't know if this story is true or not but I do know that, when I bought my SS Submariner Date back in 2002, you could walk into a Rolex dealer in London (the one I went in was Mappin & Webb on Regent St if I remember rightly) and buy a GMT Pepsi there and then for list price (£2,350 at the time, same as the Submariner). They would even swap the bezel to a black one for free, if required, which was what I fancied at the time. Sub was harder to get and all the waiting list nonsense was bandied around even back then. I bought mine from a Rolex dealer in Preston, just had to call each month after the Rep had been in and I got one in about 3 months. Still have it and have worn it every day since.
This is exactly the point I was trying to illustrate. Ie the Rolex world has changed a lot. I have personal experience of this and hopefully I will be 15k richer as soon as the chap above accepts my wager. I'll cover the solicitor costs of drawing up the contract. Chap can even choose the solicitor, so long as the changes are within £1000 including VAT. Thank you
MrJuice said:
Buster73 said:
50 Daytona’s and you were there for every purchase ?
It gets even better , never read so much rubbish on here for a long time.
HeyIt gets even better , never read so much rubbish on here for a long time.
Put your money where you mouth is. I can produce receipts for each one
How much would you like to bet? Cost of a 116520 today?
Call it 15k?
My experience then and now would suggest your story is a highly unlikely one , saying that I’m not a gambling man , certainly not with some anonymous person posting on here.
Post them on here and prove me wrong .
philcray said:
Buster73 said:
MrJuice said:
Buster73 said:
50 Daytona watches in one year ?
aye, of course he did.
This was at a time when Daytonas sold for about £1000-£1500 above list price. aye, of course he did.
The second hand watch guys were paying list price or slightly above for them. So no massive demand from Joe Public for a quick buck.
I know it was 50 because I was there for every purchase. There was an art to it. You call on delivery day which would be a Friday. You catch that hungry sales guy who wants his 1% commission. You pay a deposit over the phone or pay for the whole thing over the phone. You collect when you can. If they're a national chain, you get them to post the watch to a local store and collect. They won't allow you to pay at the local store because they'll lose their commission.
These days the £12.50ph sales guys want thousands of pounds in cash to sell you a Daytona.
It gets even better , never read so much rubbish on here for a long time.
The scarcity was very much a UK thing too - I could also buy them in the US from Rolex dealers, at a discount, no wait list, no previous purchases, when the exchange rate was significantly better than it is now, and much nearer $2/£1
I also turned down a lot of Pateks- 5711 and 3700 - simply because I didn't personally like them, at prices that would now make my eyes water.
Things change, and the hype train moves on to the next station.
Jamescrs said:
RMDB9 said:
Lets look at your example. A new Seamaster is what, 5k? So what do you gain, financially and otherwise, by going for the 0% deal instead of simply buying it?
The only real gain is that I keep my cash in the bank for other things should I need it. But by the same token what am I losing by going down the 0% route and keeping the cash in the bank? A new seamaster is 4.5k or slightly under.
You pay RRP.
So your question was what do you lose -
About 20-30 percent discount even for a joe bloggs .
Omega trade is 40 percent off rrp
Breitling is 50 percent off rrp
I could go on.
MrJuice said:
This is exactly the point I was trying to illustrate. Ie the Rolex world has changed a lot. I have personal experience of this and hopefully I will be 15k richer as soon as the chap above accepts my wager. I'll cover the solicitor costs of drawing up the contract. Chap can even choose the solicitor, so long as the changes are within £1000 including VAT.
Thank you
Read that back to your self in a few days. Solicitor costs. Jesus.Thank you
gregs656 said:
MrJuice said:
This is exactly the point I was trying to illustrate. Ie the Rolex world has changed a lot. I have personal experience of this and hopefully I will be 15k richer as soon as the chap above accepts my wager. I'll cover the solicitor costs of drawing up the contract. Chap can even choose the solicitor, so long as the changes are within £1000 including VAT.
Thank you
Read that back to your self in a few days. Solicitor costs. Jesus.Thank you
it was probably the most cringeworthy comment in the entire thread. Thats pretty impressive given we're talking about a 100 page thread about rolexes...
Buster73 said:
Bought my white faced Daytona in 2003 after a three year wait , bought the black faced one in 2005 after a two year wait , both from the same dealer.
My experience then and now would suggest your story is a highly unlikely one , saying that I’m not a gambling man , certainly not with some anonymous person posting on here.
Post them on here and prove me wrong .
I have got nothing to prove. I don't need approval from anyone. I was trying to show how the market has changed and share the experiences of someone I know to have bought thousands of rolexes at ADs. All bought without any back handers being paid and most bought with some level of discount between a few percent and 25%.My experience then and now would suggest your story is a highly unlikely one , saying that I’m not a gambling man , certainly not with some anonymous person posting on here.
Post them on here and prove me wrong .
One could still buy thousands if they wanted but big back handers would need to be paid.
MrJuice said:
I have got nothing to prove. I don't need approval from anyone. I was trying to show how the market has changed and share the experiences of someone I know to have bought thousands of rolexes at ADs. All bought without any back handers being paid and most bought with some level of discount between a few percent and 25%.
One could still buy thousands if they wanted but big back handers would need to be paid.
50 Daytona’s .One could still buy thousands if they wanted but big back handers would need to be paid.
You were there at every purchase , not withstanding some were done over the phone.
Now he’s bought thousands of Rolex watches at Authorised Dealers.
Ha ha , I’ve read some tripe on here over the years but this is right up there with the best.
Buster73 said:
50 Daytona’s .
You were there at every purchase , not withstanding some were done over the phone.
Now he’s bought thousands of Rolex watches at Authorised Dealers.
Ha ha , I’ve read some tripe on here over the years but this is right up there with the best.
Let's make it 100k and I will dig out all the receipts etcYou were there at every purchase , not withstanding some were done over the phone.
Now he’s bought thousands of Rolex watches at Authorised Dealers.
Ha ha , I’ve read some tripe on here over the years but this is right up there with the best.
If I cannot produce at least 2,000 receipts for rolex purchases with corresponding bank statements to show I'm not just showing some third person's purchases, I give you £100k
If I can, you give me £100k
Money goes to a solicitor to hold while receipts are verified.
If you're not interested, you are the pussycat bully. Put up the money. Or kindly stfu.
MrJuice said:
Buster73 said:
50 Daytona’s .
You were there at every purchase , not withstanding some were done over the phone.
Now he’s bought thousands of Rolex watches at Authorised Dealers.
Ha ha , I’ve read some tripe on here over the years but this is right up there with the best.
Let's make it 100k and I will dig out all the receipts etcYou were there at every purchase , not withstanding some were done over the phone.
Now he’s bought thousands of Rolex watches at Authorised Dealers.
Ha ha , I’ve read some tripe on here over the years but this is right up there with the best.
If I cannot produce at least 2,000 receipts for rolex purchases with corresponding bank statements to show I'm not just showing some third person's purchases, I give you £100k
If I can, you give me £100k
Money goes to a solicitor to hold while receipts are verified.
If you're not interested, you are the pussycat bully. Put up the money. Or kindly stfu.
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