Having to buy 25K worth of watches before buying a Daytona.

[037]

Originally Posted by Gary.

The irony is that they are guaranteeing that whoever goes for it is about to flip 25k of watches.

That assumes they'll sell the OP $25k in popular references to get on said list, which still could mean years and years of waiting. I still think this AD was politely saying 'no' and would recommend finding a different AD.

[lecorsaire]

Originally Posted by 037

Once supplies return to normal -- and I suspect they will at some point -- the nonsense should settle down a bit. So-called "lists" are purely due to supply issues and ADs wanting to make sure their current clients have stuff available to purchase. Unfortunately some ADs are just jerks about it.

The Rolex and Patek markets are in a bubble right now. As long as supply is kept like this and people have the ability to make a fast zero risk profit, nothing will change here. On my local Craigslist, some guy is selling a TT Sub and a black Sub Date both bought at the end of April. There is another ND bought in May! The ADs don’t give a shit about weeding anyone out. As long as they’re selling as much inventory as they can that’s all they care about.

I refuse to become a part-time watch reseller just to get what I want. I’m also not giving some dipshit $5-10k as finder’s fee. Cash is more valuable than any of these watches otherwise a hell of a lot more people would actually be keeping them.

[codecow]

I wouldn’t spend a penny over 24k myself.

[TrajanACC]

Originally Posted by faimag

If you have to spend 25K BEFORE spending another 12K on a ceramic SS Daytona (total of 37K), you may as well buy one 116500 from grey and just spend 20K! And party away with the remaining 17K...

While you do that, I’ll enjoy the 3 other Rolexes I got with the 25K

[AK797]

You know Greys are going to start bundling too if everyone starts going grey... so go grey while you can!

[TheRacer]

So basically we went to the diamond district today and there were plenty of 116500... price range was between 19k and 21k.. it means between 6-8 k over the MSRP.
Then we went to the AD on the 5th and they started with lot of bs..as waiting list and the 50k story...
End of the story if I want the watch I have to pay the market price hoping that Rolex doesn’t go crazy and starts to produce and release more pcs than now...
Anyway the watch is STUNNING.


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[037]

Originally Posted by lecorsaire

The ADs don’t give a shit about weeding anyone out. As long as they’re selling as much inventory as they can that’s all they care about.

Both ADs I deal with weed people out on the harder to get references to save inventory for their customers. Common references, no, they don't give a shit. But, that wasn't my point.

[American Jedi]

Originally Posted by Vaxe

That’s the norm now and 25k is actually very reasonable.

Would you rather have a sd43, BLNR, ExpI and a 116500 for $38k
Or a sd43k and a 116500 for $33k when you buy from resellers.

It’s still extortion. But you make a very good point. It is almost worth the 25K to help shut down the greys.

[Tha Baron]

Originally Posted by Onikage

No way I'd play that game. Who buys watches like that?

Rich people.

[SSGMT]

My AD told me that it would require a minimum of 50K of purchases to be considered to buy an available Daytona - it's going to be quite a while until I am considered to be able to purchase one. :)

[daytonastl]

Originally Posted by SSGMT

My AD told me that it would require a minimum of 50K of purchases to be considered to buy an available Daytona - it's going to be quite a while until I am considered to be able to purchase one. :)

Did an AD actually say that to you..oh wait, you live in the Bay Area. Never mind.

[tyler1980]

Originally Posted by SSGMT

My AD told me that it would require a minimum of 50K of purchases to be considered to buy an available Daytona - it's going to be quite a while until I am considered to be able to purchase one. :)

just curious. Since the AD already has customers who have spent that much and many who have spent way more, do you think you should go first?

It sucks but they are ahead in the queue. Bundling or buying stuff you dont want it a bad idea, but sometimes AD's use that to give you the option to build a relationship fast. If you have the relationship already, its a different story as you already have met whatever criteria the AD has. No reasonable AD would have any requirement of a high spending and established client as the AD needs their spend more than the client needs the AD and they would walk.

Big cities are harder obviously as they have a lot of high spending customers.

People miss the point. Its not a requirement for everyone. Its an "option" you have to get on the level of people who do get the watch. Grey market is a cheaper option in many cases and in many cases its not so it depends on individual situations.

Its risk vs reward for the AD as far as selling someone a watch with additional purchases vs the possibility of making a big spender mad if they come in tomorrow and ask for the same watch. It does take a lot for them to risk that with very low levels of stock.

[JR16]

Originally Posted by AK797

You know Greys are going to start bundling too if everyone starts going grey... so go grey while you can!

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[VicLeChic]

I'll never play that game with ADs for two reasons: first and foremost I'm not made of money and secondly I find it ethically questionable. I'm glad I'm not a fan of the Daytona and realise how lucky I am for getting my SD43 last year from the AD with no previous purchase history. Counting my blessings.

[time_prism]

Originally Posted by Finfin

While not very palatable these practices are understandable. I'm sure my opinion here will be unpopular but how I see it.

The AD has overhead to pay and employees to feed etc. when the cases are empty of popular models. Why wouldn't they want to reward customers who spend money in their store year round on other items while the cases are empty of low volume popular models? These are the customers that keep the lights on in between Rolex shipments.

Of course there's no free ride for the AD as the customer has the freedom to go elsewhere and maybe that customer would have become a vip customer but now is angry with you. I assume these decisions are not easy for the business owner who has to balance rewarding loyal customers with attracting new business. I'm assuming these can be difficult decisions to look a customer in the face and say no I don't have what you want when it's 50' away in the safe given that most of these businesses have high overhead in high rent business districts and expensive security needs etc. The AD will follow the money and if a customer spends real money, that AD doesn't want that customer spending that money elsewhere. Restaurants reward loyal big spenders why shouldn't jewelry stores?

Intelligent point of view, I came across something like that with my local AD and although it sucks for me, I can totally understand the owners reasoning.

[Vipes]

Originally Posted by JR16

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Thanks for the Monday pick up. Made me laugh.

[hambone1983]

ADs are put in the position of having to sell inventory they can't get, at prices that are below what they could get for them due to the scarcity. So they devise wait list strategies that keeps money coming in the door, out of the necessity to survive.

Or they scalp an extra few bucks by letting a GM dealer take them, along with a few hard to move pieces. I find it very difficult to pin the cause of these behaviors on anyone except Rolex.

[Swimmer0]

Originally Posted by Bro Watch

Im trying to find a rolex SD43, So I started to call some AD's in the my area. No luck on the SD43, but they did say they had 2 Daytonas a black face and a white face. Told them I would be intrested in the white faced Daytona, but they told me I had to spend at least 25K before I could purchase the Daytona. Is this a common thing with authorized rolex AD's? Sounds like pay to play, I wonder what rolex thinks of this.

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... no reputable AD would even have to offer those Daytonas, in my experience , any steel Daytonas, well they don't even make it to the showcase, they're vaulted then sold to the preferred customer whos been waiting and whom they've sold to and established a relationship with.

[HORNBLOWER]

Crazy. Buy a good used one from a trusted source and save a fortune.

[BVLDARI]

Originally Posted by Bro Watch

Im trying to find a rolex SD43, So I started to call some AD's in the my area. No luck on the SD43, but they did say they had 2 Daytonas a black face and a white face. Told them I would be intrested in the white faced Daytona, but they told me I had to spend at least 25K before I could purchase the Daytona. Is this a common thing with authorized rolex AD's? Sounds like pay to play, I wonder what rolex thinks of this.

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This is by far the lowest bundle requirement i've seen to date...

[coralfarmer84]

How do 6+ month old threads get bumped to the top?

[bdex75]

Originally Posted by coralfarmer84

How do 6+ month old threads get bumped to the top?

Better than 5 year old threads. Seen that a bunch.


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[jlovda]

I like the word "relationship." It's just a code word for someone with cash.

[MTBer]

Originally Posted by jlovda

I like the word "relationship." It's just a code word for someone with cash.

EXACTLY. People can pontificate about the “fairness” of placing very high spending customers first in line for difficult to find pieces, but coincidentally they happen to be very high spending customers.

[037]

Originally Posted by jlovda

I like the word "relationship." It's just a code word for someone with cash.

I didn't have to spend my way to a Daytona whatsoever. A relationship isn't always about money.

The bigger challenge seems to be in finding a good AD. Most complaints seem to be centered more around that than anything.

[vman]

Such a LOL. Glad that not a part of the show anymore.

[JacksonRain]

.