Watch Rapport "Pre-Order" ???

[cjhurni]

So I was doing my cursory morning glance of a million watch websites today and came across this link on Watch Rapport that claims you can preorder models for retail + 10% and then get them in 90-180 days? Anyone else see this or know about it? Must be a new program and not sure how good I would feel about shelling out full price then waiting months for the watch.

https://watchrapport.com/pages/rolex-boutique

[ArtNouveau]

Looks like a pretty elaborate scam to me, not to mention an infringement of Rolex trademarked logos, etc. Sure, send your money.

[cjhurni]

Originally Posted by ArtNouveau

Looks like a pretty elaborate scam to me, not to mention an infringement of Rolex trademarked logos, etc. Sure, send your money.

Definitely not going to be doing that haha. Just wondering what others thought

[HHIslander]

The prices are kind of odd. They have a 116500 for 30k and a Polar EX2 at retail.

There have been some posts about them in the past. The consensus was total scam but not sure if anyone actually tried doing business with them.

[jtorrebl]

Yes I asked before about this too good to be true website and got similar suspicious responses from members. I didn’t have the confidence to proceed with them.

[Luke@TRF]

dont look legit at all.
try click on their social media icons at the bottom.

[cjhurni]

Originally Posted by HHIslander

The prices are kind of odd. They have a 116500 for 30k and a Polar EX2 at retail.

There have been some posts about them in the past. The consensus was total scam but not sure if anyone actually tried doing business with them.

Seems like the right consensus. I won't be the one to try it out

[cjhurni]

Originally Posted by jtorrebl

Yes I asked before about this too good to be true website and got similar suspicious responses from members. I didn’t have the confidence to proceed with them.

I don't blame you. Not small chunks of money being thrown around, better off just waiting for the AD call or going to Chrono24

[HiBoost]

Never mind the scam angle, it's just factually incoherent. First it says you can order at MSRP + 10% tax, but when you click through to, for example, the Submariner it shows the LV at $22,500 and a ND Sub at $12,500. A wee bit more than MSRP + 10%. Daytona is over $30k, etc...

https://watchrapport.com/collections...ique-pre-order

[fed_fan]

About to join them right after I finish my Watch Trading Academy courses lol

[padi56]

Just cannot understand why the need to post these types of threads on forum. Anyone with any common sense should know most are nothing more than clickbait.

[1665fan]

Originally Posted by padi56

Just cannot understand why the need to post these types of threads on forum. Anyone with any common sense should know most are nothing more than clickbait.

Exactly right…..

[Chadridv]

Originally Posted by padi56

Just cannot understand why the need to post these types of threads on forum. Anyone with any common sense should know most are nothing more than clickbait.

You tell members regularly that they have no common sense

If this is just clickbait/scam it’d be a good thing to discuss the risks of a site like this. especially with all the people around here “sixpence short of a shilling”.

[vh2k]

Originally Posted by padi56

Anyone with any common sense should know most are nothing more than clickbait.

Agreed. If you fall for this, you deserve to be scammed.

[SottoVoce]

Hello everyone!

I joined this forum because I saw these threads about Watch Rapport, so please note that I might have a lot of naive questions. I have been looking for a 124300 extensively over the past few weeks and the feedback in Boston, Dubai, Geneva and other European locations is the same: these are not available from any AD, nobody takes pre-orders and if they get some it's on a first come first serve basis (one dealer actually admitted to having "favorites" on their speed dial). Nothing new so far...

Enter Watch Rapport. I admit that the price is unrealistic as any 124300 out there, used or new, starts at $9500. However, I cannot figure out what the scam is:
- I spoke to one of their customer service reps and they sounded legit.
- The majority of their Facebook reviews are for sure not real (lots of people with few friends posting in the middle of the night in relation to US Easten).
- One can pay with a cc so the money is refundable.
I also agree this experiment has a 90% chance of having the money locked up for 6 months (I wouldn't really care if I got the watch) and a refund being issued at the end of the ordeal. So why are they doing this, just to get a lot of short term capital? Is there another catch?

If anyone dealt with these guys directly please post here. Has anyone been taken for a ride or, better yet, got a new Rolex for MSRP?

Thank you for taking the time to read this!

[aopersober6965]

Well I am one of the idiots that placed a preorder and have a certain amount of money locked up.

I think personally, this is Watch Rapport's clever way to shore up their credentials for an AD from Rolex.

But there are enough things to be concerned about, especially the fact that you can't dispute a charge after 6 months.

Secondly, I've requested them to cancel and refund my order a few weeks back and I still have not received it. Granted I have not pushed them on this beyond the initial email, but the internet is so full of fake stores especially around watches, crypto miners, etc, that precaution would be a good thing.

Also, I think the domain owner of watchrapport the address ended up being a shitty WeWork office in northern nevada, which made me kind of sus.

Lastly, the site is decent but kind of clunky and is built a bit weirdly awkward. It feels like something made by someone in Russia or China or North Korea or something. The UX feels more like 2002 rather than 2022.

SO with that, i'll be fiiling a dispute with my CC today.

Funny tip - if you go to the preorder order website, you can look up anyone's order number by guessing it. I've confirmed that no order has been filled since i've been monitoring it last Oct ish.

[SottoVoce]

Wow, thank you for sharing. I am now 100% sure I won't pre-order as it seems more of a money grab situation than an actual chance of getting a watch. No AD (and I have spoken to many) can promise anything, in 1,2, 6 or 12 months for that matter. And indeed, if they do go out of business or the 6 months pass one might not be able to dispute the charges. I am thinking that is why they "promise" 6 months.

Will stay away, and again thank you for the honest feedback as well as the intel on this!

[1665fan]

Originally Posted by aopersober6965

Well I am one of the idiots that placed a preorder and have a certain amount of money locked up.

I think personally, this is Watch Rapport's clever way to shore up their credentials for an AD from Rolex.

But there are enough things to be concerned about, especially the fact that you can't dispute a charge after 6 months.

Secondly, I've requested them to cancel and refund my order a few weeks back and I still have not received it. Granted I have not pushed them on this beyond the initial email, but the internet is so full of fake stores especially around watches, crypto miners, etc, that precaution would be a good thing.

Also, I think the domain owner of watchrapport the address ended up being a shitty WeWork office in northern nevada, which made me kind of sus.

Lastly, the site is decent but kind of clunky and is built a bit weirdly awkward. It feels like something made by someone in Russia or China or North Korea or something. The UX feels more like 2002 rather than 2022.

SO with that, i'll be fiiling a dispute with my CC today.

Funny tip - if you go to the preorder order website, you can look up anyone's order number by guessing it. I've confirmed that no order has been filled since i've been monitoring it last Oct ish.

Wow……I would have took the money and went to the casino roulette wheel and bet red or black……at least you have a chance…. Daytona for 30k lol if that’s not a scam I never heard of one

[Andad]

Processing time
90-180 business days pending availability

[Slangrxlegal]

Though I can’t speak to the legitimacy of the site, in the event that they ultimately give the money back to the folks they sucker into believing that there’s a world where they would sell these pieces for 10% over retail, I think the only explanation that makes sense is that it’s a dirty trick that allows them to use any perceived legitimate piece of their business to create the perception that this is a legitimate offer, so they can dupe people into giving them their money to hold and earn interest on for as much as 1% annually, while also having the added benefit of filling their coffers in order to give off the perception to prospective creditors that they have much more collateral capital than they actually do, in order to artificially inflate their fiscal solvency when applying for high dollar loans at good rates from creditors to use for any potentially more legitimate aspects of their resale business.

They get all of these benefits knowing full well that they will they never fulfill any of the “preorders,” and in the event that they do actually return the funds from the fake preorders to those who were suckered into them, that they would not be required to refund the interest they earned on that money, or reverse the loans and favorable interest rates on those loans that the funds helped them secure from their creditors.

In the end, the only cost they incur is bad publicity from the least knowledgeable consumers in the space. I assume that the benefits outweigh the cost because there is currently a seemingly endless supply of new, uneducated and overzealous easily duped Rolex seekers for them to continue drawing from.

[Slangrxlegal]

Originally Posted by aopersober6965

Well I am one of the idiots that placed a preorder and have a certain amount of money locked up.

I think personally, this is Watch Rapport's clever way to shore up their credentials for an AD from Rolex.

But there are enough things to be concerned about, especially the fact that you can't dispute a charge after 6 months.

Secondly, I've requested them to cancel and refund my order a few weeks back and I still have not received it. Granted I have not pushed them on this beyond the initial email, but the internet is so full of fake stores especially around watches, crypto miners, etc, that precaution would be a good thing.

Also, I think the domain owner of watchrapport the address ended up being a shitty WeWork office in northern nevada, which made me kind of sus.

Lastly, the site is decent but kind of clunky and is built a bit weirdly awkward. It feels like something made by someone in Russia or China or North Korea or something. The UX feels more like 2002 rather than 2022.

SO with that, i'll be fiiling a dispute with my CC today.

Funny tip - if you go to the preorder order website, you can look up anyone's order number by guessing it. I've confirmed that no order has been filled since i've been monitoring it last Oct ish.

If you think that’s the way to shore up credentials to become Rolex AD, then you don’t know Rolex. Trying to get a new AD account is already essentially a fool’s errand, but accepting aftermarket “preorders” online is one way to seal the fate on that already foolhardy dream. I doubt Watch Rapport is naive enough to take that approach. Watch Rapport will not be considered for Rolex AD status in any of our lifetimes and I assume they recognize that themselves.

[Busterboy]

There was a wine shop in California a few years back that sold Bordeaux Wine futures. You purchase the wine at a discounted price pre-release (about 18 months prior to release). They purchased just enough of the wine to satisfy people that their wine was coming but it never all arrived, then they would sell the next years futures and give out some more wine from the previous future vintage. Well it all caught up to them, over $20,000,000.00 in futures money and no wine. Owners still sitting in jail reading about wine rather than drinking it.

[GGGMT]

Let us know how it goes!


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[Sunstreaker]

This couldn't possibly be real, right? How have they not been shut down by Rolex yet?

[Timeisfleeting]

If you go to Trust Pilot, you will see quite a run of complaints about Watch Rapport

And the site notes: "We’ve detected a number of fake reviews for this company and we’ve removed them."

Seems pretty shady