Save 30% Off Timepieces (not click bait)

[enjoythemusic]

So, once this whole market crashes and things get back to normal before the next financial wave upward, would you visit the UK to save 30% off of timepieces? For those within the USA this was a great way to save back in the day and looks like we're returning to these great times.

https://www.watchpro.com/slump-in-st...e-uk-than-usa/

[Mendota]

Heck yeah! If wishes were fishes and I knew that an AD had set aside a 124060 for me AND I knew that I would get it before I went back home, I would for sure book the flight to London and spend a 3 day weekend there with my wife to pick up the watch and then fly home. I love London and it would combine a fun visit (which I would do anyway) with actually getting my Sub that I have waited almost two years to get.

[ajw45]

Forget watches, I'm buying a castle, someplace tall enough to hang my tapestries. Big stone things cost a lot to heat, they should be giving those things away by December....

I've been thinking about this for a while now but the ADs still don't have any inventory. Yhe problem I think is brands are already sending more inventory to the US with the strong dollar and stronger market so new inventory will still be hard to come by I think. I have been looking for deals with the strong dollar, not seen many yet but will keep watching...

[Calatrava r]

What does a first-class round-trip ticket over there cost?

[Shmoopy]

So just screw duty and use tax, I guess? lol

[Chewbacca]

I’m trying to offload an estate in West Lincolnbernshire-Across Kent and my US buyer just walked away from his £500k pound deposit. Said it was a bar tab and he’ll buy Buckingham Palace instead.

I’m ruined.

[Incroyable12]

You might be able to do this in Japan too. Yen has lost 20% of its value.

[SWS65SM]

Originally Posted by Incroyable12

You might be able to do this in Japan too. Yen has lost 20% of its value.

was just about to say exactly this. Still recall on one visit 10 years ago the rate was at 1USD = 77JPY, wow did that one trip hurt my wallet

[enjoythemusic]

Exactly, currency and price arbitrage can work in your favor. Same with Louis Vuitton and some other luxury brands btw.

Wonder if buying a car via European delivery is better too, with normal shipping to USA like BMW, Porsche, and others offer.

[Incroyable12]

Originally Posted by SWS65SM

was just about to say exactly this. Still recall on one visit 10 years ago the rate was at 1USD = 77JPY, wow did that one trip hurt my wallet

Not only that but Japan also has a VAT refund scheme with 8% off for foreigners.

The country is fully opening up for tourism next month.

[enjoythemusic]

England's central bank just announced more QE today. As a point of reference as this thread will be online for a long time, as of right now:

$1 USD = 0.94 Pound Sterling

$1 USD = 1.04 Euro

[Mendota]

Originally Posted by enjoythemusic

England's central bank just announced more QE today. As a point of reference as this thread will be online for a long time, as of right now:

$1 USD = 0.94 Pound Sterling

$1 USD = 1.04 Euro

I subscribe to THINK Economic and Financial Analysis, which are daily economics and financial analysis briefings from ING Economics for any markets and regions that you choose. Outstanding research and analysis and it's all free. Their analysts always circle back to predictions and when needed, show how they were wrong. I receive the briefings I selected every day by email, but here's the web version of what their analysts reported for today with respect to the Bank of England decision:

https://think.ing.com/articles/bette...markets-rescue

It sounds like the BoE is doing this as a temporary pause of their QT in an effort to stop the carnage in the gilt market. The yield on their 30 year gilt rocketed a full 100bps over the last two trading days. Just insane. They stepped in today to become a buyer again, plus they delayed all of their new gilt offerings until 10/31 when they say they will resume QT again. Very stressful times for everyone, that's for sure.

[enjoythemusic]

So central bank market manipulation at any 'cost', this won't end well. Actually that's the problem, it's already turned on them and now comes.....

So hiking rates while QE'ing too ?!?!?

[brandrea]

Originally Posted by Calatrava r

What does a first-class round-trip ticket over there cost?

And by the time you factor in meals, hotel and an importation duty and tax…

[Chiboy]

Originally Posted by enjoythemusic

England's central bank just announced more QE today. As a point of reference as this thread will be online for a long time, as of right now:

$1 USD = 0.94 Pound Sterling

$1 USD = 1.04 Euro

Wow, almost parity with the pound? I hadn't checked in a long time, but think of "normal" as about $1.60.

[Notepad12]

Assuming the tax rebate comes into effect, could lead to some price increases?

https://www.watchpro.com/slump-in-st...han-usa/?amp=1

Sent from my Pixel 6 using Tapatalk

[lanceflores]

is it safe to buy online in UK?

[WatchWhisperer]

Ah that's just perfect, now all the Americans will travel to the UK and skip the waitlist to purchase the watch they want..

Last thing we needed :)

[GW44]

Non story as a) it’s unlikely to actually happen and b) no tourist from anywhere is going to walk into an AD or Boutique here in the Uk and buy anything worthwhile straight out, or at all.

[amh]

I can already picture the lines forming....

[Jmaster]

Would the VAT rebates apply to the second hand market? That would make it very interesting…

[Orangeface]

You can stand in line but you won’t get a s/s Rolex. At any monetary ratio..

[sp5702]

Sure, Rolex may be unavailable but this logic applies to any other brand. Deals to be had. I’m US based to Tokyo next week, tax-free prices on pre-owned watches are looking very attractive there right now with the weak yen.

[supernova]

It's happening already really, was in Paris recently and all the long queues into luxury stores were packed with Americans. Same with London, Americans every where too. The strong USD is a no brainer for them to shop here in Europe for those luxury items.

[Harvey_D]

Without a doubt Rolex hedges their FX risk but wouldn't they still be incentivized to send more watches to the US instead of the UK/EUR/JAP? Ignoring the grey mkt.

[Harry-57]

My AD will sell any Rolex they want to sell to any tourist, including out of town UK residents. These watches will not be the same models they will sell to established customers and locals, on or off waiting lists.

[waxy88]

Originally Posted by Harvey_D

Without a doubt Rolex hedges their FX risk but wouldn't they still be incentivized to send more watches to the US instead of the UK/EUR/JAP? Ignoring the grey mkt.

I think they already do send more watches to the US than the UK, always seems to me the “hot” watches are far more easily obtained by our American cousins here on TRF, then us poor long suffering Brits.

[AbeFroman]

Originally Posted by Jmaster

Would the VAT rebates apply to the second hand market? That would make it very interesting…

VAT refunds are typically only applicable for brand new items (AD), and not secondary dealers.

[GW44]

Originally Posted by Jmaster

Would the VAT rebates apply to the second hand market? That would make it very interesting…

No, only brand new product that is VAT rated.

[Scholar]

It's not like AD displays are still full of Rolexes these days, and the next batches ordered to England will cost more in pounds.