Can Rolex find out about flipping the Daytona? If so, does that get back to the AD an

[Esoteric]

Rolex dealers are a law unto themselves, just this week I was at a very well know AD here in California. I asked about trading in a PM Rolex, that I personally purchased at an AD.

He offered me a pittance for it and then informed me that he wouldn't even try to sell it in his store, that he would immediately pass it on to a grey market dealer.

I was somewhat suprised that an AD would admit to a complete stranger that they sell to the grey market.

[GB-man]

If you want to sell a watch, that's your business. If you chose to sell one immediately after buying it you should protect your AD by keeping them out of it. If you don't know how to do that, don't go flipping new watches.

[mercman]

Originally Posted by Esoteric

He offered me a pittance for it and then informed me that he wouldn't even try to sell it in his store, that he would immediately pass it on to a grey market dealer.

I was somewhat suprised that an AD would admit to a complete stranger that they sell to the grey market.

Nothing new, when I purchased my first D-Blue the AD asked me if I wanted to do a trade with the TT Sub I was wearing. Although I wasn't interested I asked him how much he would allow on the watch, he picked up the phone, spoke to a guy then offered me 3k, when I stopped laughing I asked how he arrived at that figure, he said he wouldn't sell it in store and that was the price offered by a couple of guys he sells secondhand and slow moving stock to.

[Gaijin]

Meh. Who knows.


However I had a grey here that wouldn't sell me a NIB LV unless I agreed that they retain the green tag or they peel off the sticker. Their reasoning was that the watch could be traced back to the original AD in Sweden and that could cause that AD some grief with Rolex.


Personally I'm guessing Rolex is happy to have their product sold however. Wink wink.




Other greys have told me something similar. NIB watches will never be displayed with the green hang tag visible in case of some sort of Rolex "spot check."

[Maxy]

Originally Posted by Esoteric

Rolex dealers are a law unto themselves, just this week I was at a very well know AD here in California. I asked about trading in a PM Rolex, that I personally purchased at an AD.

He offered me a pittance for it and then informed me that he wouldn't even try to sell it in his store, that he would immediately pass it on to a grey market dealer.

I was somewhat suprised that an AD would admit to a complete stranger that they sell to the grey market.

But that's used watch right? That's common knowledge that used watches go to grey market or other stores selling used Rolex and not at AD.

[Shaky]

My AD told me that they sold a DaytonaC to someone and within a few hours it was on eBay.
Not sure how he knew but he did. If the buyer did have a previous relationship with that AD he certainly didn't after that.

I was told that Rolex at least in the UK will blacklist known flippers.

To me it's about maintaining the relationship with your AD as opposed to upsetting Rolex

Of course this is all hearsay evidence.

[padi56]

Originally Posted by CLTRolex

I thought Rolex were all rare

Well if you believe some of the internet hype they all must be rare,after all Rolex at one time were making and selling over 1000000 units a year..Now around 8500000 making them extremely rare watches in the market place now.Afraid today there is a lot of complete boswellocks about Rolex watches on the net,and it saddens me to say much spoken by ADs.

[chfoong]

Lol is this for real? Can we have a bit of common sense for our questions?


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[Maxy]

Originally Posted by chfoong

Lol is this for real? Can we have a bit of common sense for our questions?


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Actually it is NOT if people really read the OP's post. He's not asking if he can sell the watch or not yet you read majority of replies that he can sell as its his watch. The point here is will the AD getting dinged if Rolex knows that it came from particular AD and reading couple of replies it looks like Rolex can figure out once in a while and especially for rare pieces. SD43 and DC500 is hot right now and its a valid question by OP IMO.

[kultschar]

Im not sure how they can find out unless the flipper reveals the serial / card with ADs name. I guess maybe this was the case with Mayors - maybe a "For Sale" Ad went up with pics revealing part of the card

[sherwin]

Originally Posted by Esoteric

Rolex dealers are a law unto themselves, just this week I was at a very well know AD here in California. I asked about trading in a PM Rolex, that I personally purchased at an AD.

He offered me a pittance for it and then informed me that he wouldn't even try to sell it in his store, that he would immediately pass it on to a grey market dealer.

I was somewhat suprised that an AD would admit to a complete stranger that they sell to the grey market.

I would have thought that the AD passing on preowned pieces to a seperate entity/seller would be common knowledge.

I have seen ADs buy back watches only to pass it to a sister company to resell. This also happens in other industries.

[chfoong]

Originally Posted by Maxy

Actually it is NOT if people really read the OP's post. He's not asking if he can sell the watch or not yet you read majority of replies that he can sell as its his watch. The point here is will the AD getting dinged if Rolex knows that it came from particular AD and reading couple of replies it looks like Rolex can figure out once in a while and especially for rare pieces. SD43 and DC500 is hot right now and its a valid question by OP IMO.

I think I understand what OP was asking and I still stand behind my comment. Rolex can go ahead and figure whatever the hell they want, question is why would they? It doesn't make sense on a lot of levels. You can tell me all day I heard from my AD blah blah blah but I would go ahead and rank this question the same as "can I wet my Rolex?"


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[1William]

I think Rolex getting upset at the AD has nothing to do with the hot models such as the Daytona-C. It is probably all of the regular inventory of DJ's and less popular models. Once purchased an item is mine and I will do with it as I please. As far as messing myself up with the AD I don't see that as long as they are making money off my transactions.

[flyingtiger85]

Originally Posted by roaddog359

If you are worried put your tin foil hat on when you go to sell it. Big brother will never know then.

Lol

[Shaky]

Originally Posted by 1William

I think Rolex getting upset at the AD has nothing to do with the hot models such as the Daytona-C. It is probably all of the regular inventory of DJ's and less popular models. Once purchased an item is mine and I will do with it as I please. As far as messing myself up with the AD I don't see that as long as they are making money off my transactions.

I agree everyone is still making their money, however if you have a relationship with an AD and they get you that must have piece really early after launch and you flip it within a few days, everyone has still made their cash, but will that AD make sure you are an early buyer of the next must have ??

My view would be there are a crap load of people who they can call instead of you who will still buy it.

[brandrea]

Originally Posted by Shaky

I agree everyone is still making their money, however if you have a relationship with an AD and they get you that must have piece really early after launch and you flip it within a few days, everyone has still made their cash, but will that AD make sure you are an early buyer of the next must have ??

My view would be there are a crap load of people who they can call instead of you who will still buy it.

Have to agree and I know one AD who had said as much to me.

This line of thinking would vary I'm sure, from AD to AD, but there are certain ones that really like serving the customers who they know want the watch to enjoy and wear

[Calatrava r]

Originally Posted by Chrono_lando

I've heard from several collectors that Rolex can find out if a limited piece has been flipped. Then hurts the AD.


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the serial numbers or AD name in your ads. Other than an agent of Rolex buying the watch they will never find out, unless, the watch is a lemon and needs immediate warranty service. Tough break there for the AD.

[No SUBctitute]

Originally Posted by m j b

All of the stories about mandatory engraving, holding the books, etc. are just stories. It's not Rolex policy.

I was told at an AD yesterday by a salesman that they received a letter from Rolex (he wasn't sure if it was Rolex USA or Rolex in Switzerland) that they were supposed to take stickers off all Daytonas sold.

[Chrono_lando]

Originally Posted by Maxy

Actually it is NOT if people really read the OP's post. He's not asking if he can sell the watch or not yet you read majority of replies that he can sell as its his watch. The point here is will the AD getting dinged if Rolex knows that it came from particular AD and reading couple of replies it looks like Rolex can figure out once in a while and especially for rare pieces. SD43 and DC500 is hot right now and its a valid question by OP IMO.

you rock.


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[Chrono_lando]

Originally Posted by chfoong

I think I understand what OP was asking and I still stand behind my comment. Rolex can go ahead and figure whatever the hell they want, question is why would they? It doesn't make sense on a lot of levels. You can tell me all day I heard from my AD blah blah blah but I would go ahead and rank this question the same as "can I wet my Rolex?"


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I'd like to keep a good relationship with my AD. If the post doesn't make sense to you....don't read it.


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[chfoong]

Originally Posted by Chrono_lando

I'd like to keep a good relationship with my AD. If the post doesn't make sense to you....don't read it.


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Good to know, OK


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[Al1969]

So let me get this straight. You're concerned about your AD or Rolex finding out what YOU did with a watch YOU paid for, with YOUR OWN money?
In my opinion, it's my money, my property and I'm entitled to do with it as I please.

[Al1969]

Originally Posted by Chrono_lando

I'd like to keep a good relationship with my AD. If the post doesn't make sense to you....don't read it.


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OP, you're the one that created the thread and solicited opinions. With that in my mind, you have to accept the fact you may not like some of their suggestions.

[subtona]

Originally Posted by beshannon

Which piece is "limited"?

Well if they made one

[skiahh]

Originally Posted by Hotrod297

Remember, this is a Company that allows their watches to be sold at "COSTCO"!!

That should tell you what they really think!

I don't think they allow it; those are gray market watches, if I understand it right.

So, as has been pointed out in this thread, Costco can acquire a watch from anyone/anywhere and resell if if they think they can make a buck.

They're not ADs, though.

[lovetherolex]

It's not a legality issue, OP is clearly concerned for the well being of his AD and/or his own relationship with said AD. It's clear that both of these things could be affected. Does anyone dispute that?

Originally Posted by locutus49

Look, keep it from getting wet, do not wear it when you travel out of the U.S.

What is the basis for these statements?

[scooba]

Originally Posted by GB-man

If you want to sell a watch, that's your business. If you chose to sell one immediately after buying it you should protect your AD by keeping them out of it. If you don't know how to do that, don't go flipping new watches.

My AD is a independent , Rolex do and have checked what discounts they allow on new items and who they sell the new hard to get pieces too, My last conversation was around discounts, It would seam they would rather over pay on a px and lose money when they sold that or just break even on the sale of the watch they take back than be seen to discount new sales. lots of ADs get there franchises pulled because they don't do The correct Rolex way.

Of course you can sell your new watch you are free too do as you wish, but if the reseller plasters the card details on the internet or as I have seen with some Sellers stating this watch was purchased in the U.K. This may at xxxxxxxxxx It isn't exactly hard to establish who bought it and who isn't really playing the game,

I had three Ceramic Daytonas last year all at list ,And a new 43 SeaDweller, I have also. Been asked to loan back watches to show potential customers , TRUST is something forum members build with there ADs, buying to flip isn't really playing the game imho. I have three boys so they all get one each , 43 is for my dad this Christmas ,

My Grandfather always said let your conscience be your guide , Don't buy to flip, If you see something in the window and it's a hard to get piece grab it and give it to a mate on here. List plus the price of a nice lunch.

My two cents

[lovetherolex]

Originally Posted by scooba

My AD is a independent , Rolex do and have checked what discounts they allow on new items and who they sell the new hard to get pieces too, My last conversation was around discounts, It would seam they would rather over pay on a px and lose money when they sold that or just break even on the sale of the watch they take back than be seen to discount new sales. lots of ADs get there franchises pulled because they don't do The correct Rolex way.

Of course you can sell your new watch you are free too do as you wish, but if the reseller plasters the card details on the internet or as I have seen with some Sellers stating this watch was purchased in the U.K. This may at xxxxxxxxxx It isn't exactly hard to establish who bought it and who isn't really playing the game,

I had three Ceramic Daytonas last year all at list ,And a new 43 SeaDweller, I have also. Been asked to loan back watches to show potential customers , TRUST is something forum members build with there ADs, buying to flip isn't really playing the game imho. I have three boys so they all get one each , 43 is for my dad this Christmas ,

My Grandfather always said let your conscience be your guide , Don't buy to flip, If you see something in the window and it's a hard to get piece grab it and give it to a mate on here. List plus the price of a nice lunch.

My two cents

Good man. Fortunate, those kids of yours

[gtnator]

Flip it, to me


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[Speed]

I think the OP has his answer.