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Thread: Rolex getting their hands in the grey market

  1. #101
    Quote Originally Posted by dabear View Post
    I think Rolex was seeing all the profit made by the grey dealers and decided it can capture some. Their offer prices would be definitely the highest as they will guarantee authenticity, but I wonder what their bids would be... I don't see them having strong bids vs other dealers. And what would attract a customer selling to them rather than Watchfinder? Maybe the hope that the AD would allocate them a new watch at list price? Which is wishful thinking.

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    This is basically a lot dealer operated program. Rolex doesn’t do much than certify them. There is no money for Rolex as such in this.

  2. #102
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    The blurb doesn't say that Rolex themselves are certifying these watches, unless I missed it. It does say:
    It guarantees that these watches benefit from the quality criteria inherent to all Rolex products and from the full know-how and professionalism of the brand’s worldwide network of experts.
    I suspect only ADs with an in-house Rolex approved watchmaking team will benefit from this and they will need to use their own resources to inspect the watches and package them with the guarantee, etc. Nice to have a two year guarantee in any case.
    Rolex are so busy in last couple of years with service work, I cannot see how they would flood themselves with more work doing this.
    In any case, as mentioned the prices are absurd and will be interesting to see how this develops.

  3. #103
    Grand Master learningtofly's Avatar
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    Quote Originally Posted by Haywood_Milton View Post
    Most grown-ups have the capacity to determine which are the shabby dealers whose warranty is worth nothing and which have long-won reputations, multi-million pound companies and recognised competence.

    Who said that all Rolex ADs are idiots? I would say that most are not competent to identify genuine secondhand Rolex, which is very different. Most have never had to.

    Who is the “Rolex sales fella” here?

    This development will make secondhand Rolex more expensive than they would have been, as the CPO watches add a further, very high benchmark. Fine for me, not so sure it best serves most tz-ers except to give them an expensive option.
    I'm not sure that's the case at all, Haywood. It's also not about TZ-ers, many of whom are a little more knowledgeable than the average punter.

    No need to keep beating on the idea, everyone here knows what you're about and will already see you as a viable option.

  4. #104
    Quote Originally Posted by learningtofly View Post
    I'm not sure that's the case at all, Haywood. It's also not about TZ-ers, many of whom are a little more knowledgeable than the average punter.

    No need to keep beating on the idea, everyone here knows what you're about and will already see you as a viable option.
    The reply was to my original question and felt the responder was a little tetchy and perhaps biased towards his own business model and similar, so I didn't offer a reply.

    My point was based on the average buyer being the general public (not watch nerd) and the recent rise of the unknown sellers - instagram et al, as opposed to retail outlets trading for decades. Imagine contacting some of them after ten months for help with your '12 month guarantee' because of a watch fault - I'd reckon half would be useless and close to the other half will not be around, personally.

  5. #105
    Grand Master learningtofly's Avatar
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    Quote Originally Posted by MacDeath View Post
    The reply was to my original question and felt the responder was a little tetchy and perhaps biased towards his own business model and similar, so I didn't offer a reply.

    My point was based on the average buyer being the general public (not watch nerd) and the recent rise of the unknown sellers - instagram et al, as opposed to retail outlets trading for decades. Imagine contacting some of them after ten months for help with your '12 month guarantee' because of a watch fault - I'd reckon half would be useless and close to the other half will not be around, personally.
    I suspect we were making pretty much the same points.

  6. #106
    Quote Originally Posted by Enrico View Post
    There was thread a short while back about land rover making customers sign an agreement giving them first refusal if selling within a time period. Especially the defender. Could this happen with Rolex now?


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    That is easily defeated. You have first refusal of my Submariner (no date) for £40,000..... oh dear, you don't want it.

  7. #107
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    Quote Originally Posted by Jon Kenney View Post
    I prefer Paul Thorpe’s notion that they are offloading their inventory of confiscated lost and stolen watches through the program.
    thats the funniest thing i have heard for a while!!

  8. #108
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    Quote Originally Posted by MacDeath View Post
    The reply was to my original question and felt the responder was a little tetchy and perhaps biased towards his own business model and similar, so I didn't offer a reply.
    .
    I’m not sure what you mean by business model in this context, if you mean experience / knowledge to weed out fake / franken watches that strikes me as a good thing

    I wonder how many of his books on identifying the super fake Rolex’s Haywood has sold to Rolex ADs?

  9. #109
    Quote Originally Posted by demonloop View Post
    I’m not sure what you mean by business model in this context, if you mean experience / knowledge to weed out fake / franken watches that strikes me as a good thing

    I wonder how many of his books on identifying the super fake Rolex’s Haywood has sold to Rolex ADs?
    He started by something along the lines of 'most grown ups', so my post must have hit a nerve I guess?

    The point I was making was that the two year Rolex guarantee was a massive attraction, as many of the current sellers could not be trusted to offer ten minutes guarantee.

    I wasn't referring to his business, or many others, but any private retailers non-insurance backed guarantee fails with them and therefore the Rolex offering is attractive.

  10. #110
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    Quote Originally Posted by MacDeath View Post
    He started by something along the lines of 'most grown ups', so my post must have hit a nerve I guess?

    The point I was making was that the two year Rolex guarantee was a massive attraction, as many of the current sellers could not be trusted to offer ten minutes guarantee.

    I wasn't referring to his business, or many others, but any private retailers non-insurance backed guarantee fails with them and therefore the Rolex offering is attractive.
    I doubt very much if anything you said hit a nerve..

    but I accept fully that Average Joe may see the headline “Rolex guarantee” and assume safety. Personally, I’d like to know more about this guarantee before feeling secure. But I’m probably not the target market, nor would be many on here I suspect

    If the ADs are doing the certification, but the mothership are standing over any mishaps, then so be it. Doesn’t mean you’ll be sold something correct, just that you’ll be covered. And that’s fine for most folk - I get that.

    I’d rather know what I was buying in the first place was correct. That narrows the market somewhat. I can think of 3 or 4 U.K. used dealers I would trust without question

    But each to their own..

  11. #111
    Quote Originally Posted by demonloop View Post
    I doubt very much if anything you said hit a nerve..

    but I accept fully that Average Joe may see the headline “Rolex guarantee” and assume safety. Personally, I’d like to know more about this guarantee before feeling secure. But I’m probably not the target market, nor would be many on here I suspect

    If the ADs are doing the certification, but the mothership are standing over any mishaps, then so be it. Doesn’t mean you’ll be sold something correct, just that you’ll be covered. And that’s fine for most folk - I get that.

    I’d rather know what I was buying in the first place was correct. That narrows the market somewhat. I can think of 3 or 4 U.K. used dealers I would trust without question

    But each to their own..
    Agree with all of that - posts sometimes aren't read as the poster intended.

    I was more supporting the new Rolex offering in place of those flogging on Instagram and Facebook from a bedroom in Solihull.

    NOT used dealers with established retail premises etc.

  12. #112
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    Or to put it another way — there’s two 16610s

    One is a Rolex AD window in Hull (insert your own average town) with full Rolex certification, and one in Mike Woods window — both same price

    Which one would a TZer buy, and which one would average Joe buy?

    I’d be spending in Southport

  13. #113
    Quote Originally Posted by demonloop View Post
    Or to put it another way — there’s two 16610s

    One is a Rolex AD window in Hull (insert your own average town) with full Rolex certification, and one in Mike Woods window — both same price

    Which one would a TZer buy, and which one would average Joe buy?

    I’d be spending in Southport
    The average TZer would probably have spent his budget on fish and chips in Southport, so Hull is probably the better option.

    Sorry, this comment relates to another thread

    But seriously, at the same price, I'd take the two year guarantee unless a specialist watch.

  14. #114
    Grand Master Chris_in_the_UK's Avatar
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    Quote Originally Posted by demonloop View Post
    Or to put it another way — there’s two 16610s

    One is a Rolex AD window in Hull (insert your own average town) with full Rolex certification, and one in Mike Woods window — both same price

    Which one would a TZer buy, and which one would average Joe buy?

    I’d be spending in Southport
    Currently I would buy neither - not worth the money currently in any way, shape or form. Verging on 'influencer' chav status.

    But that is a different discussion.
    When you look long into an abyss, the abyss looks long into you.........

  15. #115
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    Quote Originally Posted by MacDeath View Post

    But seriously, at the same price, I'd take the two year guarantee unless a specialist watch.
    This makes my point for me though— what if the AD doing the certification doesn’t know his onions? And two years later your guarantee is up and (for example) the bracelet links are discovered to be not correct (it has happened)

    What say you then?

    I think it all boils down to the ADs abilities, which would not fill me with confidence. They’re sales people. Even an in house watchmaker may miss things he isn’t trained to spot

  16. #116
    Quote Originally Posted by demonloop View Post
    This makes my point for me though— what if the AD doing the certification doesn’t know his onions? And two years later your guarantee is up and (for example) the bracelet links are discovered to be not correct (it has happened)

    What say you then?

    I think it all boils down to the ADs abilities, which would not fill me with confidence. They’re sales people. Even an in house watchmaker may miss things he isn’t trained to spot
    Where do we get the information that the AD is “certifying” the watch?

  17. #117
    Quote Originally Posted by watchlovr View Post
    Where do we get the information that the AD is “certifying” the watch?
    This is where I'm at, assuming it goes go a service centre. If not, my answer could change, but unlikely. How many other experts do you know and would trust to buy from apart from the two mentioned and well known on tz?

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