Price increase 1st September

[jsobral]

If Paul is right I'm subscribing to his youtube channel.

[mikel]

Ullo, watch peeple,

Liddle bird has told me there's going to be pwice rise.

I could be right and I could be wrong.

But youse heard it 'ere first.

Paul 4orp

[mideastwatchguy]

Wow that sucks, maybe thats why my new piece is "arriving" late next week

[harvey]

Originally Posted by Haywood_Milton

1st September UK, as I posted on the tz-uk forum a couple of days ago....

If he says it is…then it is...

[HAL330]

Originally Posted by amh

With 10% inflation I'd expect at least that much every year

this... Rolex and the supply chain aren't immune to it... I'd be expecting a net 10% increase over the next 12 months.

[kaiserphoenix]

In Japan, there will be a price increase 1st of September. Confirmed.

[QuelleHeureEstIl]

I am not a forex trader. But we can safely bet it is based on the exchange rates. CHF is very strong... the truce during covid of spread between weak and strong countries has been over for some time now.

https://www.google.com/finance/quote...HF?&window=YTD

So Rolex is returning to its habit to adapt the prices on a world wide level.

Originally Posted by kaiserphoenix

In Japan, there will be a price increase 1st of September. Confirmed.

https://www.google.com/finance/quote/JPY-CHF?window=YTD

[HAL330]

Originally Posted by QuelleHeureEstIl

I am not a forex trader. But we can safely bet it is based on the exchange rates. CHF is very strong... the truce during covid of spread between weak and strong countries has been over for some time now.

So Rolex is returning to its habit to adapt the prices on a world wide level.

dollar is strong too, so does that mean no price increase in the USA?

[QuelleHeureEstIl]

Originally Posted by HAL330

dollar is strong too, so does that mean no price increase in the USA?

Strong it is: https://www.google.com/finance/quote/USD-CHF?window=YTD

Comparison with EUR: https://www.google.com/finance/quote/USD-EUR?window=YTD

As always, companies are in a rush to keep the margin, but stacking infinite meetings to speaking about the markets were the margin increases.
I remember that they were adapting prices down or up when people started to buy in one country to sell in an other to game the taxes like VAT (6% in CHF and +25% in some countries at that time). With current travel level and allocation, this is not an immediate issue. So let's schedule some meetings next year about the USD market. :)

[GradyPhilpott]

Originally Posted by Bxtek

Has Rolex ever increased their prices in the middle of the year? Usually it's always at the first of the year?

Yes, they have, but it's not too common.

[Soultime]

Originally Posted by harvey

If he says it is…then it is...

I am with you....

Haywood Milton is the person who gets these things right.

[Forty6nTwo]

Does it matter? AD doesn’t have any to sell anyway. Lol

[jaySL350]

Originally Posted by Haywood_Milton

1st September UK, as I posted on the tz-uk forum a couple of days ago....

HM announced it ,,then it’s true,,,,,

[Eric-London]

Originally Posted by amh

I welcome this! When I pay the inflated Grey price it will be closer to MSRP (They need to increase 1.5x-2x then we'd be at price parity.)

Your logic has flaws. What makes you think an increase won't shore up the grey prices. Which if the price increase is true, is exactly why Rolex are pushing the price up.

But you know, Rolex aren't interested in the grey market lol

[Andad]

Originally Posted by JonTheKingJames

I am of the opinion that if he didn’t have that accent, less people would even listen to a word he says. He’s like a 60 year old dressing like a hipster.

What does that mean Jon?

[Eric-London]

Rolex increase just confirmed by my AD.
Patek also increasing prices on the 1st of September.

[Eric-London]

Rolex increases will be 5% on steel, 7% on TT and 10% on precious metals.

Wowza.

[Chester01]

Lol. Totally irrelevant as one can’t get from the AD anyway. More gray hype to justify their bloated prices to create demand. Games up. There is a sucker born every minute and it’s not this guy.

[amh]

Originally Posted by Eric-London

Your logic has flaws. What makes you think an increase won't shore up the grey prices. Which if the price increase is true, is exactly why Rolex are pushing the price up.

But you know, Rolex aren't interested in the grey market lol

Sadly, you're correct. Grey price hike would hit the next day.

[Calatrava r]

I must be listening to a different Paul Thorp. The guy I listen to is passionate about watch collecting. He has highlighted the ongoing theft problems in his area to educate people to avoid being victims and has reached out to Rolex to assist in re-instating the stolen watch registry. Virtually everything he says about future Rolex corporate direction is coupled with a warning that no one really knows absolutely but his sources are ADs who pick up feels from their reps. Take it as it is offered, nothing more.

[Roger Lococco]

Originally Posted by Calatrava r

I must be listening to a different Paul Thorp. The guy I listen to is passionate about watch collecting. He has highlighted the ongoing theft problems in his area to educate people to avoid being victims and has reached out to Rolex to assist in re-instating the stolen watch registry. Virtually everything he says about future Rolex corporate direction is coupled with a warning that no one really knows absolutely but his sources are ADs who pick up feels from their reps. Take it as it is offered, nothing more.

Exactly.


Sent from my iPhone using Tapatalk

[Rolexken]

Totally agree

[blufinz52]

Originally Posted by beshannon

Prices?

[Philadelphialawyer1]

So the 2nd largest economy China is liquidating its Rolexes, the crypto market mess has spilled over into the Rolex market and Rolex is raising retail prices for watches that ordinary people cant seem to buy t0 retail?

[beshannon]

Originally Posted by Philadelphialawyer1

So the 2nd largest economy China is liquidating its Rolexes, the crypto market mess has spilled over into the Rolex market and Rolex is raising retail prices for watches that ordinary people cant seem to buy t0 retail?

It is a beautiful thing isn't it!

[Eric-London]

Originally Posted by amh

Sadly, you're correct. Grey price hike would hit the next day.

Or at least, worst way for them, stabilize the grey market.

[Eric-London]

Originally Posted by Philadelphialawyer1

So the 2nd largest economy China is liquidating its Rolexes, the crypto market mess has spilled over into the Rolex market and Rolex is raising retail prices for watches that ordinary people cant seem to buy t0 retail?

Well yeah. Which is one reason for the price increases.

I'm willing to bet most new model Rolex stock resides in the grey market so its only logical they don't want the stocks trashed.

[TimepieceRPP]

across all other brands....

[MRBolton]

Is this increase in 9/1 also going to be in the USA?

[Jack T]

Surprising how tuned in people are to Paul Thorpe, considering how much they disdain him.