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17 April 2024, 05:39 PM | #121 |
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That’s exactly what i meant.
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17 April 2024, 07:01 PM | #122 |
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It's not illegal if you tip them for a nice conversation. But if you say here is $5k, I expect you to have a Panda for me in my next visit, then it's a bribe. And if you don't say that, we'll then. I'm sure you'll be higher on the list, but still years away from getting anything. Just to be clear, I'm no expert. But even if it's not illegal, it sure sounds unfair and unethical to me.
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17 April 2024, 07:35 PM | #123 |
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I certainly hope the cops don’t want to get involved in “bribery” cases involving Rolex watch purchases … I think they have better things to do
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17 April 2024, 08:03 PM | #124 |
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17 April 2024, 08:30 PM | #125 | |
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The system today is that ADs choose who they want to sell to (as they should be able to do). For high demand watches it is often tied to buying high mark-up jewelry. It's no more unfair or unethical than a private golf club that won't let me just show up and play 9 holes. |
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17 April 2024, 08:50 PM | #126 | |
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It may be technically illegal, but no one is going to jail. There was a relevant case in 2020 with Ferrari where an exec took $2.8m from buyers to get moved up the line. The exec ended up going to jail for tax evasion (not bribery) and no buyer was ever charged. To my knowledge, no buyer in US has ever been charged for bribery in a situation involving a retail consumer buying a retail product (not real estate). https://www.businessinsider.com/form...parlato-2020-9 |
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17 April 2024, 09:07 PM | #127 |
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There is no "bribe" taking place here. What would be happening is "a request for an extra service, chargeable". The buyer is breaking zero laws and is not trying to "bribe" anyone. However, the SA may indeed be breaking criminal law depending on the contract of employment and any regional/country transparency laws if accepted. If the buyer asks if there is a chargeable service for speeding up the watch purchase and is informed there is not, then any further request would indeed cross into waters that could be deemed criminal. There is no law against asking to pay more for something to get it quicker, but there are laws against corrupt transactions.
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17 April 2024, 09:23 PM | #128 | |
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17 April 2024, 09:32 PM | #129 | |
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Interest article thank for sharing. I was half joking / being sarcastic I think it’s funny to think of the lengths people will go to, to buy a wrist watch Sent from my iPhone using Tapatalk |
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17 April 2024, 09:45 PM | #130 |
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Have to agree Brian would rather dig my eyes out with a stick than offer anyone 5k extra just hopefully to buy a mass produced watch.
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17 April 2024, 10:40 PM | #131 | |
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17 April 2024, 10:55 PM | #132 | |
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If word got out, the AD may lose their contract with Rolex. Plus, my understanding is that watches like the Daytona have to be signed off by store management and even Rolex. How would they justify giving you one with no spend history? |
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17 April 2024, 11:03 PM | #133 |
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If you're going to blow $5k, just buy a Tudor/Brietling/Omega/Nomos from this AD and flip it. Worst case scenario you get some of that money back, best case you profit, you add to your purchase history and you help that associate out with commission.
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18 April 2024, 03:35 AM | #134 | |
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I thought Rolex’s official stance is that all customers are equal and there should be no spend history requirement. In fact, they frown on that practice. As for them being involved in allocations, probably not for a Daytona, but perhaps for very limited production models, like the puzzle dial DD. Kat Sent from my iPad using Tapatalk |
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18 April 2024, 03:59 AM | #135 |
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You’d be better bribing the manager or owner, best of luck
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18 April 2024, 04:10 AM | #136 | |
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I was concerned the canned response wouldn't come any longer but thankfully I stand corrected and can now sleep at night knowing that the record is still broken! 🥹 |
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18 April 2024, 07:04 AM | #137 | |
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Maybe they say this, but no high end business operates in this way. Nor should it. Loyal customers typically get consideration over people that walk in off the street. If I was a longtime customer of some business, I’d certainly want it. |
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18 April 2024, 07:15 AM | #138 |
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BwaaHaaaHaaaaa
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18 April 2024, 07:27 AM | #139 |
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Oh, no. Not this topic again.
I think that last time we generally agreed that paying money to a sales assistant (not the business itself) to get a watch sooner, was a bribe. To recap. Different countries have different laws on what value the payment would need to be to be considered a bribe. Different cultures / countries have different opinions on the morality of paying bribes. In the UK, paying £5k to a SA would be a bribe, and would be illegal. It is also an offence for a UK-connected person to bribe anywhere in the world. The crime of bribery is described in Section 1 as occurring when a person offers, gives or promises to give a "financial or other advantage" to another individual in exchange for "improperly" performing a "relevant function or activity". Section 2 covers the offence of being bribed, which is defined as requesting, accepting or agreeing to accept such an advantage, in exchange for improperly performing such a function or activity. Penalties are a maximum of 10 years' imprisonment, along with an unlimited fine, and the potential for the confiscation of property. Whether or not someone would be prosecuted by the police, or privately prosecuted by their employer, is a matter of opinion. But the possibility exists. |
18 April 2024, 07:37 AM | #140 | |
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No matter what romantic visions Rolex may have, all customers are not equal when it comes to watch allocation. |
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18 April 2024, 07:41 AM | #141 | |
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18 April 2024, 07:46 AM | #142 | |
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There is zero chance that anyone would go to jail for paying money to a SA to get a watch. Zero. Sent from my iPhone using Tapatalk |
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18 April 2024, 07:56 AM | #143 | |
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I that case, you are correct! Let's see what they come up with next!
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18 April 2024, 08:05 AM | #144 | |
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18 April 2024, 11:00 AM | #145 |
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May be $100-$200 to the security guard if he did not unlock the door for you, you could not tip SA and you would not get the watch.
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18 April 2024, 11:41 AM | #146 |
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Nothing wrong with asking the SA if they would accept a gift. If they told you they'd get you a watch faster and their supervisor found out they'd probably get fired. Nothing illegal going on of course. I tip people who aren't supposed to be tipped from time to time but I never expect anything in return.
I wonder if people would just prefer to pay ADM prices for new Rolex or if they'd be even more angry than the current situation. Because the ADM on new models would be a lot higher than CPO. Instead of waiting on a list for a $10k Submariner you can buy it anytime new from the AD for $21k, CPO for $18k, or $17k used from a Grey dealer. Would that make people happy?
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18 April 2024, 12:17 PM | #147 | |
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18 April 2024, 01:04 PM | #148 |
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18 April 2024, 05:10 PM | #149 |
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Technically, yes, it’s against our UK law as there is no de minimis, although it would never be prosecuted. But it would allow restaurants to dismiss their staff for illegal activities.
I cannot comment on your laws. Every country has its own tolerance and acceptance of bribery. There was a lot of debate when the UK law was introduced, as bribery is expected in many countries, and there was a fear this would lead to UK companies being unable to compete for foreign contracts. |
18 April 2024, 10:18 PM | #150 | |
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Cheers Marc |
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