6% across the board, 4th January, you heard it here first.
6% across the board, 4th January, you heard it here first.
Clearly they aren’t charging enough already. I think their next move should be to burn down their factory. The leftover stock would then be worth billions
Haha yes burn the factory :)Originally Posted by snedboy
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Mick P says they are under charging at RRP so that's good enough for me.
I'd go 10% with the Brexit factor.
Wow, 6% mid covid. That’s some increase.
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No it's not when the Grey dealers are selling well above RRP. Whatever you think of Grey Dealers, you have to admit that they know the market inside out.
They grey dealers know there market and forcing up the grey as Rolex do makes any increase look small when compared.
6% is no surprise i mean but more a shame to increase like that now. Business is business.
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You think Rolex dont?
Have they ever announced an increase over a month early?
I thought they liked this cloak and dagger business where it was always the 1st of the month and the AD’s only found out the night before.
I can see the logic in announcing this to increase the Xmas sales for AD’s of datejusts and the like. As for the SS some would say a 6% increase on a watch you can’t buy anyway is irrelevant.
Do you think it would be wise to sell all my bitcoin and invest everything in Rolex watches for my pension portfolio?
Never put all your eggs in one basket, so buy a few but not too many.
Don’t forget the 2 of each SS model that ADs apparently keep in the safe...🤣
who does it effect if you cant buy them anyway?
Gee I wonder
A 6% increase across the range would not surprise me at all, I am surprised its not more in fact.
it might be worth me keeping hold of my date just 41 for a further couple of months then in that case!
Could be even more if we have a Brexit no deal and additional UK duties become applicable.
Because Rolex watches are coming from the EU?
Someone who lies about the little things will lie about the big things too.
Because the UK won't be in the EU
Would it not be more to do with the CHF against the pound?
But that makes no difference, as they are coming from Switzerland and not the EU.
Someone who lies about the little things will lie about the big things too.
The UK Global [no deal] tariff is already published. No change to the tariff on automatic wristwatches of non-precious metals.
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When I said this, I mentioned that my source was saying Rolex were panicking about paying all that extra duty so started to send more watches to the UK pre Brexit deal or no deal, filled my net that day!!
Well now your names and the shops names vanished from the warranty card, the main selling route is via grey dealers.
Good news, not unexpected.
Rolex are not based in the EU.
Love it. Better get to the AD as soon as they open and stock up.
You would expect such price increases would lead to lower demand and higher availability as Rolex would want to maximise production to avail of the increased margin. However in reality, the opposite will most likely happen with Rolex being a Veblen good. If this price increase rumour is true, there wont be a Rolex on display anywhere until after 5th January.
OK, who had post #28 for Veblen?
I just googled it and then quizzed my dad on ithe didn’t know the word either
Good shout.
I had post #28, but for Cilla, not Kostal
Do I still get a prize?
Last edited by Jon Kenney; 22nd November 2020 at 02:04.
Cilla is banned, so you cannot claim the prize.I had post #28, but for Cilla, not Kostal
Do I still get a prize?
No wonder the odds were so good.
I would imagine AD's have no problem hitting targets - and even if they don't, they always have the excuse that they hadn't the stock to sell.
My understanding is that the margin is generally around 37%. From that, the dealer has to pay all the bills and run his business. It’s not a fortune. Especially when dealers have to invest so much to meet Rolex expectations.
It must feel a bit like being a fish on a hook.
Last edited by paskinner; 22nd November 2020 at 21:25.
^^^ this corroborates what I’ve heard from various people.
Appreciate this is another ‘heard it here, Rolex price rise soon’ story, but in practice do Rolex price rises usually include Tudor ?
I vaguely recall they do, but does anybody have a definitive answer ?
Excellent news- keeps out the riff-raff
Not nice to say but you need to do that if you want to protect the brand. Rolex, or any other premium brand , want the sort of customer who can just swan in and buy a watch without worrying about the price. That is the image they wish to portray.
Well the poorer riff raff.
Indeed. Owning a Rolex or two hardly makes you part of the elite.
D'oh.
Someone who lies about the little things will lie about the big things too.
Looks like it could be a global price hike. AD in Toronto confirmed the same details earlier today.
It’s going to be a double whammy with the VAT increase on luxury goods Rishi is bringing in to pay down the Covid debt.
How would that effect Rolex?
It would affect Rolex buyers
Definitive source please?
Rolex hike the price, people get annoyed, people still buy there watches. The grey dealers stock value goes up! In a nutshell that’s what happens on January 1st.
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