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4 August 2017, 02:03 AM | #1 |
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September price increase, myth or fact?
I'm really not trying to spread rumours and I have no inside information whatsoever.
Today I visited a Rolex AD in London to try the Platinum Daytona again before committing. I asked the sales guy about where he thought prices might head and he said there's a confirmed price increase of 5.5% by Patek Philippe in the UK on 1st September and that Rolex would probably follow suit thereafter. He told me he'd seen the internal communication from head office. This makes my decision harder now because it means the Patek Aquanaut 5167R I'm using as part-exchange will command more money very soon. 5.5% isn't a whole lot extra but haven't Rolex and Patek already hiked prices in the U.K. recently? Please don't shoot the messenger, I'm just passing on what I heard. This probably has lots to do with the devaluing British pound. |
4 August 2017, 02:05 AM | #2 |
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What an AD says and my cat poops I put on the same pile.
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4 August 2017, 02:28 AM | #3 |
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Still very low stock so we need a price rise to get things going and in truth 10% is probably needed to get back to pre-Brexit levels.
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4 August 2017, 02:38 AM | #4 |
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It is a myth, until it is a fact.
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4 August 2017, 02:49 AM | #5 |
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https://www.rolexforums.com/showthre...t=price+august
https://www.rolexforums.com/showthre...price+increase
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4 August 2017, 02:54 AM | #6 |
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The truth is that Authorised dealers only know about it a few days before any price rise-it's not common knowledge until then outside a very few selected and secretive people at Rolex hq in Switzerland.
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4 August 2017, 02:54 AM | #7 |
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For a couple of years there were 'my AD told me there's a price rise' thread on most of the forums which escalated last year following Brexit and the slump in the £. Eventually it did happen. When the next one is who knows - not the AD's as they've been calling it wrong for years.
As they say the best time to buy is NOW - then you don't have to worry about potential rises. |
4 August 2017, 03:30 AM | #8 |
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Popped into my AD today, he had not heard about a Rolex price increase, but no shock there. However, he said Tudor UK had indicated a 5% increase from 1st September.
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4 August 2017, 03:36 AM | #9 |
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4 August 2017, 06:36 AM | #10 |
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4 August 2017, 07:27 AM | #11 | |
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Quote:
My thought - ---> |
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4 August 2017, 07:33 AM | #12 | |
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Quote:
Imminent I tell ya!
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4 August 2017, 07:39 AM | #13 |
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maybe the owners of rolex see the demand, with the waiting lists for the favourites, and think they are too cheap,
careful they don't kill the goose. I know its a dirty word on here but o**ga are half the price, sometimes less than that. Its the only brand that comes close to rolex, in my view, of course. |
4 August 2017, 07:45 AM | #14 |
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Cheapest place to buy a Rolex in the world is the UK. We are due one
When is literally anybodies guess! |
4 August 2017, 07:51 AM | #15 |
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Rolex needs a 30% price increase in UK immediately.
The inventory levels will stabilize due to drop in sales and then the fourms will be free of posts about the UK having horrific availability. It's the best possible move. |
4 August 2017, 07:57 AM | #16 |
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4 August 2017, 07:57 AM | #17 |
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Any idea as to why the UK is "the cheapest place to buy a Rolex in the world"? Genuinely curious.
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4 August 2017, 07:59 AM | #18 |
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The value of the pound right now
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4 August 2017, 08:00 AM | #19 |
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4 August 2017, 08:19 AM | #20 |
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4 August 2017, 08:33 AM | #21 |
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Sigh.
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4 August 2017, 09:03 AM | #22 |
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Did he also tell you that he talked to his manager in the back room and they've decided to go ahead and let you buy now without the increase, just because they like you?
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4 August 2017, 09:19 AM | #23 |
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I agree with the Patek increase on 1st Sept. My Patek guy told me the same date and increase.
My Rolex lady said imminent. However, if the Tudor increase for 1st Sept is confirmed, it would make spence for Rolex to follow suit on the same date. Guess we'll find out on the 1st. Regards |
4 August 2017, 09:26 AM | #24 |
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He's just blowing smoke about being 'in the know' for any Rolex price increase. However, it's probably a relatively true statement that Rolex will increase UK prices before end of the year. The cost disparity between the price in UK and say US is insane, even AFTER the last price increase.
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4 August 2017, 10:56 AM | #25 | |
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Someone mentioned the UK being punished for Brexit before and maybe there is some truth to that, altho I don't know how political Rolex are. Could be we go the same way as Eurovision since the Iraq War where we always come last now due to political voting. |
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4 August 2017, 12:17 PM | #26 |
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Yeah, it's going up 5.5%.
I've also got a bridge to sell you.
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4 August 2017, 12:36 PM | #27 | |
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Quote:
If there is a UK price increase now then I would like to see a UK price decrease if currency values return to pre-Brexit levels. |
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4 August 2017, 03:25 PM | #28 |
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Not sure why everyone says it's cheaper in UK unless if you get tax back. I find dubai or the south east asia having similar prices.
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4 August 2017, 03:42 PM | #29 | |
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Was nice to try a few " rare bears" on tho.... Like the submariner for example... Date, no date, hulk... They had them all!!!! |
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4 August 2017, 03:46 PM | #30 |
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Yes Rolex in the UK are very cheap compared to Ireland Even Before Brexit A T/T Sub 116613LB was 12,600 Euro & a Daytona T/T 116503 was 15,850 In the only Rolex AD in Dublin. So naturally I got the Plane to the North of England on the two occasions I was in the market for these two Rolexes & made huge savings. Even taking the conversion rate into account
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