ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

tsuie · 1 July 2011, 07:52 PM

Guys,

Just wanted to share with you, today HK Rolexes official retagged all the watches with a range of 5-8% increase! take for example the DEEPSEA is now retailed at USD 10,600!

This is the 3rd time they have jacked up the price this year in Hong Kong!

The road ahead will be tougher and toughter in this region! God Help us!

E

Cru Jones · 1 July 2011, 08:09 PM

3 times in 6 months! wow....

bondtoys · 1 July 2011, 08:11 PM

now I am not surprised, that they did not want to give me more than 5% 2 weeks ago ;)
In April, same shop offered me 8% on a SubC LN

tomee · 1 July 2011, 09:47 PM

Wow lucky i got mine last month

hunz · 1 July 2011, 09:52 PM

Don't you just love Rolex? -- Singapore got a 7% price increase too

rogerrabbit168 · 1 July 2011, 09:58 PM

that's still cheaper than in Canada, also in Ontario we have 13% HST

but as some other members have mention, some AD are hinting that we are also going to be getting another price hike also

when you come to think of it, Rolex have been consistently increasing prices almost year after year, whereas some other brands like Omega, Panerai haven't had a increase in years in Canada

Carlos98326194 · 1 July 2011, 10:02 PM

whooaa

Rolex went nuts after almost 2yrs without any increases

Parmine · 1 July 2011, 10:56 PM

Got my first Rolex, a Sub C in Hong Kong 5 weeks ago. Prices had just gone up then from around HKD 56k to HKD 59,100. The price went up while I was deciding so lucky I didn't delay any longer.

herdinoh · 1 July 2011, 11:26 PM

Check out the 'for sale' section here, you will find out the asking price went up a lot in last 3,4 month. This probably a good thing because your Rolex will not depreciate over years. I guess Rolex's value did appreciate if you take care your watch and keep all the document.

CKay · 1 July 2011, 11:45 PM

It always pays to buy a Rolex watch. Price sure goes up. LOL.

stereophonics · 2 July 2011, 12:47 AM

this has to be the 2nd time this year that the price went up. if i am not mistaken they recently just upped their prices?

Jannal · 2 July 2011, 12:51 AM

vb2011 · 2 July 2011, 01:48 AM

Price increase in Singapore as well, which is strange because the last round of increase was just a couple of months ago.

I wish Rolex CEO or someone from the company can let us know the rationale of such frequent price adjustment. Else we'll have to assume that Rolex is just being greedy.

sea-dweller · 2 July 2011, 02:39 PM

Wow!

nauticajoe · 2 July 2011, 02:45 PM

Ouch!

ManUtd · 2 July 2011, 03:10 PM

Does Rolex officially announce the reason behind price hikes? I'd be interested to hear their explanation for 3 price increases in 6 months.

tsuie · 2 July 2011, 04:56 PM

for Hong kong, the reasons for the price hikes we guess are as follows, whether the reasons work together or individually:

- China shoppers are extremely strong, they are sweeping the watches like there is no tomorrow
- HK dollars are weak compared to Swiss francs, so Rolex has to up the price to catch up the revenue
- they just don't want that many people to buy their watches !! (?? weird but some wisdom behind it.....)

TimeOnHand · 3 July 2011, 02:03 AM

It's just crazy!

JUSTROLEXES · 3 July 2011, 02:07 AM

I would give the US 3 months to go for another one

Cartier is going up in few days, Patek is going up in few days...

ArtAUS · 3 July 2011, 10:02 AM

Just curious about the new price for Sub C there. Anyone has the price?

usngoat · 3 July 2011, 10:14 AM

Not sure of the Sub C but I just paid 8200 for the GMT2 a week ago!!

jwkunkle · 3 July 2011, 10:50 AM

U.S. based AD told me a couple of days ago to expect another price increase in November. I have no idea whether that is legit or not.

warren G. · 3 July 2011, 12:21 PM

Quote:

Originally Posted by jwkunkle

U.S. based AD told me a couple of days ago to expect another price increase in November. I have no idea whether that is legit or not.

That is insane.. 10k for a Sub-C is approaching us.

Dr. Robert · 3 July 2011, 12:23 PM

Quote:

Originally Posted by nauticajoe

Ouch!

Triple OUCH!

pokpok · 3 July 2011, 06:52 PM

sub-c can be priced at 80k HKD and mainlainders will still buy b/c they can.

Parmine · 3 July 2011, 07:26 PM

Sub C will not be HKD 80K, I bought one 5 weeks ago MRSP was HKD 59,100 then. No way has it jumped 33%.

I think there was some confusion. usngoat said he paid 8200 for a GMT2. I guess he means USD which would be around HKD 63,800.

rolexchic · 6 July 2011, 03:08 PM

in Singapore and Malaysia as well! looks like the whole Asia almost. i hear Philipines too. :(

panicked on hearing about it 1st July. placed order for my first Rolex on 4th July. don't wanna wait till another hike.

*yikes*

rolexchic · 6 July 2011, 03:10 PM

btw, a friend of mine who owns an AD says even they (ADs) don't know until any price hike until about 8 p.m. the night before. yep, it's THAT hush hush. so any ADs who say otherwise r pretty much trying the scare tactic into getting a sale asap.

andrew79 · 6 July 2011, 04:51 PM

price in Indonesia pretty much going the same way with Singapore's retails..... and that's so disappointing....

BeekerMuppet · 6 July 2011, 05:53 PM

Seems to me there is just a high demand. The activity on TRF confirms that.

1 July 2011, 07:52 PM	#1
tsuie "TRF" Member Join Date: Aug 2009 Real Name: Eddie Location: Hong Kong Watch: all of them! Posts: 81	Another Price Hike for Hong Kong~! Guys, Just wanted to share with you, today HK Rolexes official retagged all the watches with a range of 5-8% increase! take for example the DEEPSEA is now retailed at USD 10,600! This is the 3rd time they have jacked up the price this year in Hong Kong! The road ahead will be tougher and toughter in this region! God Help us! E __________________ SS Subdate 16610 D series Sea Dweller 4000 116600

1 July 2011, 10:02 PM	#7
Carlos98326194 "TRF" Member Join Date: Jul 2009 Real Name: Carlos Location: UK Watch: ing YOU! Posts: 1,121	whooaa Rolex went nuts after almost 2yrs without any increases __________________ 16610 116400GV 116520W 00112 116710LN 16610LV 00292 116520B

1 July 2011, 11:45 PM	#10
CKay "TRF" Member Join Date: Jul 2008 Location: Singapore Posts: 467	It always pays to buy a Rolex watch. Price sure goes up. LOL. __________________ BLACK IS THICKER THAN BLOOD

2 July 2011, 12:51 AM	#12
Jannal "TRF" Member Join Date: Oct 2009 Location: Hong Kong Posts: 685	__________________ Bell & Ross: BRS-98S Casio: G-Shock GW-5000 / DW-5040 40th / DW-5035D 35th / DW-5030C 30th / DW-5025D 25th / DW-5000SP 20th / DW-5600C-9CV / Marlin W-150 / W-450 / W-30 Panerai: Luminor 000i Seiko: SBGX117 / SBGX335 / 7548 / SNE543P1

2 July 2011, 04:56 PM	#17
tsuie "TRF" Member Join Date: Aug 2009 Real Name: Eddie Location: Hong Kong Watch: all of them! Posts: 81	for Hong kong, the reasons for the price hikes we guess are as follows, whether the reasons work together or individually: - China shoppers are extremely strong, they are sweeping the watches like there is no tomorrow - HK dollars are weak compared to Swiss francs, so Rolex has to up the price to catch up the revenue - they just don't want that many people to buy their watches !! (?? weird but some wisdom behind it.....) __________________ SS Subdate 16610 D series Sea Dweller 4000 116600

1 July 2011, 08:09 PM	#2
Cru Jones 2024 ROLEX DATEJUST41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 34,475	3 times in 6 months! wow....

1 July 2011, 08:11 PM	#3
bondtoys "TRF" Member Join Date: Mar 2009 Location: World Watch: 16750 Posts: 2,719	now I am not surprised, that they did not want to give me more than 5% 2 weeks ago ;) In April, same shop offered me 8% on a SubC LN

1 July 2011, 09:47 PM	#4
tomee "TRF" Member Join Date: Dec 2008 Location: Australia Posts: 446	Wow lucky i got mine last month

1 July 2011, 09:52 PM	#5
hunz Member Join Date: Dec 2006 Location: Oztralia Watch: Rolex, SINN Posts: 618	Don't you just love Rolex? -- Singapore got a 7% price increase too

1 July 2011, 09:58 PM	#6
rogerrabbit168 "TRF" Member Join Date: Nov 2008 Location: Toronto Posts: 410	that's still cheaper than in Canada, also in Ontario we have 13% HST but as some other members have mention, some AD are hinting that we are also going to be getting another price hike also when you come to think of it, Rolex have been consistently increasing prices almost year after year, whereas some other brands like Omega, Panerai haven't had a increase in years in Canada

1 July 2011, 10:56 PM	#8
Parmine Member Join Date: May 2011 Location: Macau Watch: Sub C Posts: 13	Got my first Rolex, a Sub C in Hong Kong 5 weeks ago. Prices had just gone up then from around HKD 56k to HKD 59,100. The price went up while I was deciding so lucky I didn't delay any longer.

1 July 2011, 11:26 PM	#9
herdinoh "TRF" Member Join Date: Jun 2011 Real Name: Sean Location: US Oregon Watch: GMT2 C Posts: 130	Check out the 'for sale' section here, you will find out the asking price went up a lot in last 3,4 month. This probably a good thing because your Rolex will not depreciate over years. I guess Rolex's value did appreciate if you take care your watch and keep all the document.

2 July 2011, 12:47 AM	#11
stereophonics "TRF" Member Join Date: May 2011 Location: singapore Posts: 7	this has to be the 2nd time this year that the price went up. if i am not mistaken they recently just upped their prices?

2 July 2011, 01:48 AM	#13
vb2011 "TRF" Member Join Date: Jun 2011 Location: Singapore Watch: Rolex GMT II Posts: 53	Price increase in Singapore as well, which is strange because the last round of increase was just a couple of months ago. I wish Rolex CEO or someone from the company can let us know the rationale of such frequent price adjustment. Else we'll have to assume that Rolex is just being greedy.

2 July 2011, 02:39 PM	#14
sea-dweller "TRF" Member Join Date: Oct 2007 Real Name: Dennis Location: Bay Area - 925 Posts: 40,018	Wow!

2 July 2011, 02:45 PM	#15
nauticajoe "TRF" Member Join Date: Feb 2010 Real Name: Joe Location: PA Posts: 14,774	Ouch!

2 July 2011, 03:10 PM	#16
ManUtd "TRF" Member Join Date: Jun 2011 Real Name: Eric Location: SF Bay Area Posts: 1,613	Does Rolex officially announce the reason behind price hikes? I'd be interested to hear their explanation for 3 price increases in 6 months.

3 July 2011, 02:03 AM	#18
TimeOnHand "TRF" Member Join Date: Jul 2007 Real Name: Kevin Location: Hong Kong Watch: Rolex Air-King Posts: 4,468	It's just crazy! __________________ Instagram: timeonhand1010

3 July 2011, 02:07 AM	#19
JUSTROLEXES ⭐⭐⭐⭐⭐ 2024 DATE-JUST41 Sponsor & Boutique Seller Join Date: Jul 2009 Real Name: Tony Geha Location: San Diego, CA Watch: Yacht-Master Posts: 49,182	I would give the US 3 months to go for another one Cartier is going up in few days, Patek is going up in few days... __________________ Instagram @JustRolexes 2FA security active

3 July 2011, 10:02 AM	#20
ArtAUS "TRF" Member Join Date: Nov 2010 Location: BKK, Thailand Posts: 3	Just curious about the new price for Sub C there. Anyone has the price?

3 July 2011, 10:14 AM	#21
usngoat Member Join Date: Jul 2011 Location: hawaii Posts: 26	Not sure of the Sub C but I just paid 8200 for the GMT2 a week ago!!

3 July 2011, 10:50 AM	#22
jwkunkle 2024 Pledge Member Join Date: Jan 2009 Real Name: Josh Location: Indiana Watch: The Next One Posts: 645	U.S. based AD told me a couple of days ago to expect another price increase in November. I have no idea whether that is legit or not.

3 July 2011, 06:52 PM	#25
pokpok "TRF" Member Join Date: May 2009 Location: SC Watch: 16600 Posts: 198	sub-c can be priced at 80k HKD and mainlainders will still buy b/c they can. __________________

3 July 2011, 07:26 PM	#26
Parmine Member Join Date: May 2011 Location: Macau Watch: Sub C Posts: 13	Sub C will not be HKD 80K, I bought one 5 weeks ago MRSP was HKD 59,100 then. No way has it jumped 33%. I think there was some confusion. usngoat said he paid 8200 for a GMT2. I guess he means USD which would be around HKD 63,800.

6 July 2011, 03:08 PM	#27
rolexchic "TRF" Member Join Date: Jul 2011 Location: malaysia Watch: 178240 Posts: 3	in Singapore and Malaysia as well! looks like the whole Asia almost. i hear Philipines too. :( panicked on hearing about it 1st July. placed order for my first Rolex on 4th July. don't wanna wait till another hike. yikes

6 July 2011, 03:10 PM	#28
rolexchic "TRF" Member Join Date: Jul 2011 Location: malaysia Watch: 178240 Posts: 3	btw, a friend of mine who owns an AD says even they (ADs) don't know until any price hike until about 8 p.m. the night before. yep, it's THAT hush hush. so any ADs who say otherwise r pretty much trying the scare tactic into getting a sale asap.

6 July 2011, 04:51 PM	#29
andrew79 "TRF" Member Join Date: Apr 2010 Real Name: Andrew Location: Indonesia Watch: Rolex Posts: 2,277	price in Indonesia pretty much going the same way with Singapore's retails..... and that's so disappointing.... __________________ Baume & Mercier Riviera Rolex GMT II c, DJ 116234, Sub 16610, EXP 2 16570 Panerai 111 , 232

6 July 2011, 05:53 PM	#30
BeekerMuppet "TRF" Member Join Date: May 2011 Real Name: Yuri Location: NL Watch: 14000M, 16570 Posts: 574	Seems to me there is just a high demand. The activity on TRF confirms that. __________________ (Wearing) First Luxury Watch: Seiko Kinetic Arctura 5M42-0E39 & First Rolex: Air King 14000M Black dial (K) & Second Rolex: Explorer II 16570 White dial (V) (Saving for) Grand Seiko SBGH015J1

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)