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Thread: Another Rolex AD Thread - Sorry

  1. #1
    Master murkeywaters's Avatar
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    Another Rolex AD Thread - Sorry

    Sorry, I apologise for starting another Rolex thread that involves an AD, withheld paperwork, and of course our favourite subject profiteering but there is a story of old..

    Talking with a friend today who knows I like watches, he proceeded to tell me about a mutual friend we both know well, this mutual friend has just purchased the latest hard to get Pepsi GMT, he said that he paid £16k for it and the guy he purchased it from paid retail around £7k so £9k profit, I think another Rolex was involved as a part trade so not all cash but still big profit, highstreet AD kept the paperwork but that still didn't deter the sale..

    Nothing really surprising here but what did catch my attention was the seller is in the top 3 customers of this AD for purchases, he also admitted he makes £30k+ a year from waiting lists!

    Yes I have read about similar situations on here, but hearing of this type of dealing within people I know really makes me wonder how many are topping up their salaries every year by having a cushty AD relationship, no wonder its so hard to get on a waiting list for the genuine purchaser..

  2. #2
    Journeyman
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    Almost as frustrating as the current Porsche GTR3 situation, might as well do this

  3. #3
    Craftsman
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    Quote Originally Posted by Carnut View Post
    Almost as frustrating as the current Porsche GTR3 situation, might as well do this
    GTR3? Is the Carnut username ironic?

  4. #4
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    Perhaps it's time for a "Consolidated moan about Rolex dealers" thread like the "Consolidated Rolex in the window" thread so that everyone who needs a cathartic rant about not being able to spend £6000+ on a new watch/it's soooo unfair can get it off their chest in one place.

  5. #5
    Master
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    You need money to make money and sadly that’s why the folk that can afford to buy these kind of nice cars and watches will continue to make huge money on these goods. There is a chap I see from time to time on car meets who will frequently buy two of a waiting list car (he did it with a 675 LT for example) to drive one and keep one locked away and make money on. Sadly anytime supply is limited people with the wedge will be in a position to make the most of the situation while the rest can’t buy the goods or find the money for a one off purchase and pay over list.

  6. #6
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    Quote Originally Posted by astonandy View Post
    GTR3? Is the Carnut username ironic?
    LOL, good point well made. I blame tiredness, of course I meant GT3 or maybe GT3RS

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    Craftsman ChromeJob's Avatar
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    Quote Originally Posted by astonandy View Post
    Perhaps it's time for a "Consolidated moan about Rolex dealers" thread like the "Consolidated Rolex in the window" thread so that everyone who needs a cathartic rant about not being able to spend £6000+ on a new watch/it's soooo unfair can get it off their chest in one place.
    Or rather, a “friend of a friend of a friend told me…” thread for such hearsay. I believe there’s a sticky about this, but that doesn’t stop these tales being posted. (Or perhaps the pinned post is out of date. I’m admittedly a dilettante here.)

  8. #8
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    What I don't understand is how these types get on the list in the first place, buying large volumes of hot models. I'd happily walk in to an AD and sign up for 10x GMTs and 15x Daytonas, but I'd get laughed out.

  9. #9
    Master
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    Quote Originally Posted by ddm27 View Post
    What I don't understand is how these types get on the list in the first place, buying large volumes of hot models. I'd happily walk in to an AD and sign up for 10x GMTs and 15x Daytonas, but I'd get laughed out.
    From what folk have said they are the people who spend money on less desirable watches and other jewellery as well so the offer of the less available watches is a gift back to them in a weird sort of way.

  10. #10
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    Quote Originally Posted by Stuno1 View Post
    From what folk have said they are the people who spend money on less desirable watches and other jewellery as well so the offer of the less available watches is a gift back to them in a weird sort of way.
    That may be the case with some AD’s but it’s not with mine..

    I’ve bought 3 hard to get watches from them in the last 18 months. They’ve never once said or hinted that I need to buy something I don’t want, just to be able to buy something I do want..

    First watch Sub


    Second watch SD


    Third watch Pepsi


    They know I’m not a flipper or profiteer, so they’re happy to give me a call....

    Despite offers like this on the Pepsi, I have no intention of selling.... I was intrigued to see what a grey dealer would offer

  11. #11
    Craftsman
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    I think there are a lot of forum stories out there about how hard these watches are to get.

  12. #12
    Master
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    Quote Originally Posted by Enoch View Post
    That may be the case with some AD’s but it’s not with mine..

    I’ve bought 3 hard to get watches from them in the last 18 months. They’ve never once said or hinted that I need to buy something I don’t want, just to be able to buy something I do want..

    First watch Sub


    Second watch SD


    Third watch Pepsi


    They know I’m not a flipper or profiteer, so they’re happy to give me a call....

    Despite offers like this on the Pepsi, I have no intention of selling.... I was intrigued to see what a grey dealer would offer
    Wow that’s amazing, I’d happily get my hands on exactly those three and keep them (not a flipper either), but all ADs near me (London unfortunately) don’t even want to put me on a waiting List. Are you able to share with me your dealers contact? (Understand if you don’t want to)

  13. #13
    Craftsman Oracle's Avatar
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    Quote Originally Posted by astonandy View Post
    Perhaps it's time for a "Consolidated moan about Rolex dealers" thread like the "Consolidated Rolex in the window" thread so that everyone who needs a cathartic rant about not being able to spend £6000+ on a new watch/it's soooo unfair can get it off their chest in one place.
    Oh cheers Andy!!

  14. #14
    Master
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    Quote Originally Posted by gaurav_tzuk View Post
    Wow that’s amazing, I’d happily get my hands on exactly those three and keep them (not a flipper either), but all ADs near me (London unfortunately) don’t even want to put me on a waiting List. Are you able to share with me your dealers contact? (Understand if you don’t want to)
    I suspect that due to your location it might not be that much use to you, but it’s not a secret.... I buy from Mappin & Webb in Chester.

    Be aware, that like most AD’s they’ll have a list of preffered clients, and you don’t get on it just by phoning up, and asking for the latest and greatest unavailable watch...

    I think I’m a valued customer, but I still can’t get a Daytona....

  15. #15
    Master spuds's Avatar
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    Quote Originally Posted by Enoch View Post
    I think I’m a valued customer, but I still can’t get a Daytona....
    Ditto Dat Blud Ditto Dat!!

  16. #16
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    Quote Originally Posted by murkeywaters View Post
    Nothing really surprising here but what did catch my attention was the seller is in the top 3 customers of this AD for purchases.
    Is he only buying sought after watches? Given that anyone will buy those, you might have thought the AD would be wary - if not aware of the purchaser's motives. If he buys all sorts of other 'stuff' then, as often noted, he'll likely get what he asks for whatever.

  17. #17
    Craftsman ChromeJob's Avatar
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    Rolex has become the “snowflake” of watch brands.

  18. #18
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    Sometimes worth investing in the local AD as this seems to change their response when asking about a desirable piece....

  19. #19
    Master
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    I'm so glad I've "grown up" out of the "need" for the must have Professional Series Rolex.

    The one's I'm now interested in are readily available (well ordered in) usually with discount. Just a shame I'm not in the market for anything at the moment, but these posts are most entertaining.

  20. #20
    Grand Master Foxy100's Avatar
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    I've found the best antidote is to buy a GS and revel in the better craftsmanship, engineering and accuracy.
    "A man of little significance"

  21. #21
    Master
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    it's not all bad... strolled into an AD yesterday, fancied an OP which had come in the day before, tried it. Bought it. Was allowed to keep the warranty card etc. Bloke couldn't adjust the bracelet for toffee but I did that myself afterwards.

  22. #22
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    I wonder if any of these ADs are in on it and take their cut...

  23. #23
    Craftsman ChromeJob's Avatar
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    Quote Originally Posted by IanBear View Post
    ... Bloke couldn't adjust the bracelet for toffee but I did that myself afterwards.
    Wha-??

  24. #24
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    Quote Originally Posted by ASD25 View Post
    I wonder if any of these ADs are in on it and take their cut...
    Of course they are. It is a business.

    L

  25. #25
    I went to a few AD's last week as they no longer take names over the phone. One AD said they kept warranty cards (nothing new) but would only give them out in a year to the original customer that had the watch with them. Kind of decent way to deter flippers. The other AD said I could not go on the list unless I had purchased 2 watches with them before and they don't operate a list the watches go to their best clients who buy the most (ie the flippers) I tried to get this point across but they did not seem to care.

    I will just end up getting anther omega or perhaps a GO if I get my bonus in a few months,

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