Starting to lose my resolve

Starting to lose my resolve

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mikeveal

4,584 posts

251 months

Wednesday 2nd June 2021
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Ed T said:
That is incredibly annoying - great that you got one but the effort to run around being super polite and grateful. I’m having one more attempt and this time I genuinely want to buy my wife jewellery for her birthday so let’s see if that makes a difference. I then may give up.
wobble You're insane. wobble

I might try choosing something for the wife and then tying it to the purchase of the watch. "Great, I'll take this jewelery and that watch I've been after for a year please." ... "Sorry, no. I'd like both items please. If you can't sell me both, then I'm not interested."

But I'd only try that if I actually wanted both. And clearly the next line is, "OK I understand you don't have the watch on the shelf. I'm happy to agree a delivery date & pay a deposit."

But to actually give them custom in the hope that they'll favour you. That's just lunacy. "Ere Mavis, this guy is buying stuff in the hope we'll sell him a watch. Do we sell him one?"
"Nah, give him a cup of coffee, make him feel wanted & string the sucker along for a few more purchases. As many purchases as you can Maud."

Fat hippo

732 posts

135 months

Wednesday 2nd June 2021
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mikeveal said:
wobble You're insane. wobble

I might try choosing something for the wife and then tying it to the purchase of the watch. "Great, I'll take this jewelery and that watch I've been after for a year please." ... "Sorry, no. I'd like both items please. If you can't sell me both, then I'm not interested."

But I'd only try that if I actually wanted both. And clearly the next line is, "OK I understand you don't have the watch on the shelf. I'm happy to agree a delivery date & pay a deposit."

But to actually give them custom in the hope that they'll favour you. That's just lunacy. "Ere Mavis, this guy is buying stuff in the hope we'll sell him a watch. Do we sell him one?"
"Nah, give him a cup of coffee, make him feel wanted & string the sucker along for a few more purchases. As many purchases as you can Maud."
The best bit is that the buyer knows that they are buying in hope, rather than making ‘qualifying’ purchases that contractually give him the right to buy the more desireable models.

It is marketing at its best. Consumers are zombies queuing up to buy something so expensive and so unnecessary. Its like its a basic human need, food, shelter, Rolex and without one you have failed in life.

don logan

3,523 posts

223 months

Wednesday 2nd June 2021
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I’ve never suggested this before but..... if there seems to be ni reason why they might give you some sort of preference and your wait may be indefinite, rather than start spending the difference on other “stuff” with them and therefore eating into the £3k difference between RRP grey priced Sub, just buy a grey market Sub

If you look after it, it will be worth more than RRP so you won’t lose the whole premium, maybe less than the “stuff” you bought in the hollow hope that it might help you up the list

What if it doesn’t?? I think for that “game” to work you need to spend stloads to get “noticed”

I know the extra £3k is real money

witten

226 posts

49 months

Wednesday 2nd June 2021
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I got my unworn 2019 Sub Date back in March from Global Watch Shop. Yes I paid more than rrp but honestly it doesn't matter as I love the watch and have worn it every day. If you're going to be investing in a watch collection for profit - play the AD game. I can't be bothered with all that at all. I thought about trying to get on the AD list but honestly I don't want to give them the satisfaction of me having to kiss their arses.

If I ever get another watch it won't be a Rolex. I'd like it to be but won't play the games versus getting a Tudor, Omega, IWC etc that I could just walk out the shop with.

My advice to the original poster - save up a bit more and forget what the RRP is. The only difference would be someone else's name on the warranty card.

Ed T

Original Poster:

462 posts

140 months

Wednesday 2nd June 2021
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The point being I’m buying the wife jewellery anyway so attempting to purchase both at the same time. Also will be a new shop. I’m sure this won’t work. Last try.

Witten - I think this is the next step. It’s just a bit annoying isn’t it but agreed it gets the job done

JEA1K

2,506 posts

224 months

Wednesday 2nd June 2021
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Such is the popularity that I'm guessing there's more interested in profiteering and flipping than just owning.

But then again, who can blame those who can acquire them and sell at 2 x or 3 x the price and then own (for free) another watch they actually want. spin

Deep

2,067 posts

244 months

Wednesday 2nd June 2021
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Ed T said:
The point being I’m buying the wife jewellery anyway so attempting to purchase both at the same time. Also will be a new shop. I’m sure this won’t work. Last try.

Witten - I think this is the next step. It’s just a bit annoying isn’t it but agreed it gets the job done
I'm sorry to say but I really don't think it will make a difference. They will not agree to definitely sell you a sub because you are prepared to drop a few £k on jewellery. If it were a few tens of thousands of £ then it might be more of a possibility, but I'll assume that's not what you meant.

I think Don Logan has hit the nail on the head. If you really want the watch then pay the extra and buy it on the grey market.
If you are after just one single watch then in reality it will cost you no more. What I mean is that to get the sub at list these days you will have to drop (and lose) quite a few £k with your AD. This makes sense if you are trying to build a collection as you may well get other sought after models.
However for a single piece it doesn't really make sense.

It's a real shame that things are this way but no point losing sleep over things which are out of your control.

Good luck



Edited by Deep on Wednesday 2nd June 19:32

DoubleSix

11,718 posts

177 months

Wednesday 2nd June 2021
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witten said:
I got my unworn 2019 Sub Date back in March from Global Watch Shop. Yes I paid more than rrp but honestly it doesn't matter as I love the watch and have worn it every day. If you're going to be investing in a watch collection for profit - play the AD game. I can't be bothered with all that at all. I thought about trying to get on the AD list but honestly I don't want to give them the satisfaction of me having to kiss their arses.

If I ever get another watch it won't be a Rolex. I'd like it to be but won't play the games versus getting a Tudor, Omega, IWC etc that I could just walk out the shop with.

My advice to the original poster - save up a bit more and forget what the RRP is. The only difference would be someone else's name on the warranty card.
The newer warranty cards don’t even have a name applied.

I was in the market for a 126655, spoke to two ADs who both suggested I visit the premises to grovel in person.

I was quite happy to pay 5% over rrp to avoid such nonsense- did the deal with an indie and had a brand new watch on my wrist next day. Incidentally it came with the WoS extended warranty too…

No time for the BS from ADs.

witten

226 posts

49 months

Wednesday 2nd June 2021
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DoubleSix said:
The newer warranty cards don’t even have a name applied.

I was in the market for a 126655, spoke to two ADs who both suggested I visit the premises to grovel in person.

I was quite happy to pay 5% over rrp to avoid such nonsense- did the deal with an indie and had a brand new watch on my wrist next day. Incidentally it came with the WoS extended warranty too…

No time for the BS from ADs.
Exactly. I do not want to beg to pay someone £7k for a product they're already making a large profit on. Yes buying grey costs more, but I am buying it to wear it and love it. I am not going to flip it for profit at all so I just pretend the rrp doesn't exist and be thankful that I dealt with a good and decent grey market dealer who gave me a good deal/service.

That doesn't mean that if I walk into the Rolex dealer in T5 and they'll sell me one I won't buy it but I will not grovel.

dxbtiger

4,392 posts

174 months

Wednesday 2nd June 2021
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Shouldn't this be merged with the bubble burst thread?

vindaloo79

963 posts

81 months

Wednesday 2nd June 2021
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If a grey market purchase was insured is it possible to cover the full grey market price ?

Maxym

2,062 posts

237 months

Wednesday 2nd June 2021
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dxbtiger said:
Shouldn't this be merged with the bubble burst thread?
My thought exactly. It's all been said before.

My advice to the OP: buy grey. It's the watch you want and even paying overs it still makes economic sense. If you can't afford the overs, then, as others have said, there's some very nice wristware out there for 7K.

Edited by Maxym on Thursday 3rd June 12:01

DoubleSix

11,718 posts

177 months

Wednesday 2nd June 2021
quotequote all
witten said:
DoubleSix said:
The newer warranty cards don’t even have a name applied.

I was in the market for a 126655, spoke to two ADs who both suggested I visit the premises to grovel in person.

I was quite happy to pay 5% over rrp to avoid such nonsense- did the deal with an indie and had a brand new watch on my wrist next day. Incidentally it came with the WoS extended warranty too…

No time for the BS from ADs.
Exactly. I do not want to beg to pay someone £7k for a product they're already making a large profit on. Yes buying grey costs more, but I am buying it to wear it and love it. I am not going to flip it for profit at all so I just pretend the rrp doesn't exist and be thankful that I dealt with a good and decent grey market dealer who gave me a good deal/service.

That doesn't mean that if I walk into the Rolex dealer in T5 and they'll sell me one I won't buy it but I will not grovel.
Quite.

Ironically, in my case I wasn’t even after an SS model so seems all the more foolish on their behalf - a chance to bring a new customer into the fold, or a chance kill a relationship before it even started!

anonymous-user

55 months

Wednesday 2nd June 2021
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El stovey said:
anonymous said:
[redacted]
Exactly.

The problem only exists because people are willing to go along with all the nonsense in the first place.

It’s a watch.

Do people really want to be jumping through dealership hoops and paying over the retail price etc just to be able to buy one?
This has all been done to death in the 'Rolex bubble' thread, and I don't think anyone believes normality will return anytime soon, if at all.

As has been said, even if the whole of the UK refused to buy any more Rolex watches, the Far East/Asia and other areas would swallow those unsold watches up within days. Global demand is massive and growing, and as long as emerging markets and developing countries want Rolex watches, prices will continue creeping for years to come. Social media has ensured that everyone wants to be seen with a Rolex.

I bought my watches a few years ago when you could easily buy them used for a couple of grand less than retail, but I have no interest at all in buying any more Rolex models. Simply not interested in the circus, and I don't like the connotations that are now often associated with wearing a Rolex on your wrist.

I have moved on to buying other brands, and couldn't be happier.

SagMan

623 posts

221 months

Wednesday 2nd June 2021
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From my best knowledge , Most AD’s get only 2 allocations per annum of special pieces . I suspect they get 10 - 20 regular customer enquiries on these individual pieces per annum and maybe 100 non previous customer enquiries .
Not sympathetic with this situation just facts as I understand . I buy from both AD’s and greys so just expressing a view

danhard

39 posts

108 months

Friday 4th June 2021
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Wow £3k premium on no date submarine
Quality watch but not worth paying grey prices £10+k
You could get 2 omega sea masters 300 for that !

DoubleSix

11,718 posts

177 months

Friday 4th June 2021
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danhard said:
Wow £3k premium on no date submarine
Quality watch but not worth paying grey prices £10+k
You could get 2 omega sea masters 300 for that !
If it’s worth it to the buyer, then it’s worth it. Your opinions are your own.

danhard

39 posts

108 months

Friday 4th June 2021
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Each to their own , personal I would not want pay anything over the RRP on anything that a mass produced product ( ie submarine)

fridaypassion

8,589 posts

229 months

Saturday 5th June 2021
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I really don't get the clamour for Rolex. Are you not just paying for their endless advertising spend when you buy a watch from them? I was into an AD yesterday and they have these expensive retail outlets but not one single sports model in stock. Totally pointless. They haven't really moved their design philosophy on since well they just never have....

Ed T

Original Poster:

462 posts

140 months

Tuesday 8th June 2021
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PopsandBangs said:
I had exactly the same thoughts as you OP back in March of this year, attempting to buy my first and only and forever Rolex (Explorer 39mm, the only one i'd ever wanted and the explorer having family significance).... spoke quite extensively about it on the Bubble thread, with the same "I just want to walk in and buy one" thoughts frown

Horrid experiences at all of the 3/4 official dealers I'd attempted to to get one at, and absolutely hated the idea of paying 25%+++ from some grey market flipper... indeed I felt as though it would ruin having the watch and I'd remember how I was "mugged off" in order to get it. Unworn was important to me, as it was to be a hand down to my as yet non existent son or daughter one day so wanted to be the first owner.

Rumours were that it was to be discontinued, (it was a few weeks later, so that worked out well) so I just grimaced and paid 2k over from watchfinder, who had a newly listed unworn one. It's worth more now, but that's irrelevant as its not going anywhere ever.

To be honest I've forgotten..(ish!!) about the premium now, even though it was a lot of extra money, and I haven't had to debase myself playing games with ADs. Sadly it's the way it is now.

But that watch is safe and sound on my wrist, and I'm glad I did it. So go for a good grey one. If you find that you resent what you've done after, can always sell it on smile

Edited by PopsandBangs on Monday 7th June 22:54
Thank you for sharing your experience, good to read.