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15 August 2019, 08:39 PM | #91 |
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Nashville, TN - ADs are gone
Lee
If Median Household Income rankings alone made the difference I would agree. The population in the county, and the MSA matters. Also, the actual wealth in the upper quartile matters too. Note where the greenest blocks in the map below depict income - but some big green blocks are least populated. Rolex Market Segmentation, and how they track actual discretionary luxury sales results, probably matters the most IMHO. For some reason they’ve chosen to depart the mid-South. Sent from my iPhone using Tapatalk Pro
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15 August 2019, 09:32 PM | #92 | |
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Based on pure numbers there are probably more high earners here though or Dallas, or LA, or NYC, or Chicago median income and number of people making 100k+ is different metric as median income isn't tracking the volume of potential buyers, so hypothetically what if there is only 10 people counted? the median looks good but the customer base is still tiny
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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15 August 2019, 10:20 PM | #93 |
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Thank you for one of the more insightful replies... Yes; retail have been taking a beating and some generalized as "Amazon effect"... I believe Rolex should reduce the number of doors they currently have. Just my $0.02
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15 August 2019, 11:25 PM | #94 | |
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If you look at Davidson county the two "big money" areas are Green Hills (where King's is located) and Belle Meade (Old Money - think plantation homes). Outside of that I'd say it is "normal" good ole USA. Davidson county has absurd taxes to pay for social programs and football stadiums - so folks who make good money often opt to work in Davidson county and commute home to Williamson county. I work downtown but live in Williamson county. That said there is a TON of wealth in this area due to the music industry (Music City USA) and being the healthcare capital of the country. |
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15 August 2019, 11:27 PM | #95 |
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15 August 2019, 11:33 PM | #96 | |
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16 August 2019, 12:18 AM | #97 |
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I'm in Chattanooga, and went to my AD on Saturday. This AD is the only one within 90 miles, and my SA said she fields calls all day from Nashville, Atlanta, and Knoxville for people looking for watches. This isn't surprising given the current market, but it probably doesn't help that Nashville AD's are closing.
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16 August 2019, 12:57 AM | #98 |
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Long time lurker .... first time poster.
What I have heard is that Diamond Cellar out of Ohio, an authorized Rolex and Patek dealer, is moving into the Green Hills area of Nashville near the mall. Rolex would not abandon one of the very fastest growing metropolitan areas in the U.S. That said, this is the third change in Rolex ADs for the area in the last 8 years, which makes it tough to develop relationships. I guess extraordinary growth creates disruption. King's continues to handle Tudor, so I speculate that this was Rolex being opportunistic and focusing on a larger store relationship rather than meting out some punishment to King's or the Murfreesboro dealer. |
16 August 2019, 01:24 AM | #99 |
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The money resides mainly in Brentwood, Franklin, Belle Meade, and areas of West Nashville. The arguments over population size and wealth aren't valid.. The money in Nashville makes the wealthy areas of any neighboring city look like a joke (Knoxville, Chattanooga, Memphis, Birmingham, Louisville, etc). - Excluding Atlanta.
King's had a massive binder of orders/deposits for nearly every watch including the less desirable pieces. There's a clear demand for Rolex and King's must have done something stupid to lose them/end relationship. It's a shame we're AD less. It would be nice to have answers and sucks to have to build a new relationship from scratch when a new AD comes to town. |
16 August 2019, 02:53 AM | #100 |
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16 August 2019, 03:02 AM | #101 |
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16 August 2019, 11:27 AM | #102 |
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The new Nashville AD is not Lee Michaels. I called them today and a store manager said he wasn’t aware of a future Nashville location, but would check with his owner and let me know. Surprisingly he very nicely called back and confirmed it isn’t them. FYI
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16 August 2019, 12:24 PM | #103 |
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The future of Rolex and any luxury brand that wants to control its' retail price will be:
1. Go to jeweler or boutique or Rolex.com 2. Shop, look and choose from ALL models 3. Decide to buy and the store display model will be sized for you if necessary not at Rolex.com of course 4. You give your credit card details and leave with no watch 5. Rolex fulfillment center will size a brand new watch and ship it to your purchase location or your home 6. Your card is charged only once the watch has been shipped If Rolex wants to control its' retail prices this is the only practical model now. |
23 August 2019, 07:24 AM | #104 |
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Perhaps this is why Rolex pulled the Nashville AD contract:
They were selling fake Cartier in the Aventura location. Google “Cartier, Van Cleef & Arpels Accuse Aventura Store of Pirating Trademarked Jewelry World-famous jewelers Cartier International and Van Cleef & Arpels have set their sights on an Aventura jewelry business after allegedly discovering knock-off versions of their luxury rings, earrings and necklaces at the South Florida store.” New member - can’t post link yet. Read the lawsuit. They were even engraving Cartier on their bracelets. *smh* Sent from my iPhone using Tapatalk |
23 August 2019, 08:45 AM | #105 |
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23 August 2019, 09:58 AM | #106 | |
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Whoa I am well shocked but innocent until proven guilty right .... https://www.law.com/dailybusinessrev...20190722195643 |
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23 August 2019, 10:07 AM | #107 |
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I sure hope so, but it’s a pretty damning suit if you read the attached legal filing. I’ve loved Kings, but I passed on a Tudor Black Bay there after reading this. I heard it in the watch community here, too.
If it rings true, the fees and fines alone may bankrupt them with a guilty verdict Sent from my iPhone using Tapatalk |
23 August 2019, 11:19 AM | #108 | |
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23 August 2019, 11:36 AM | #109 |
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23 August 2019, 12:10 PM | #110 |
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I always disliked Kings.... so good riddance
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23 August 2019, 08:22 PM | #111 |
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The lady I dealt with at Kings was awful. Tried to tell me the Rolex I bought for my wife was not original (purchased from
The other local AD in middle Tennessee) Mislead me on an appraisal as well. Several months later had better results when I needed a oysterflex exchange. Sent from my iPhone using Tapatalk |
23 August 2019, 10:51 PM | #112 |
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Good to know Rolex didn’t abandon the Nashville market after all.
After reading the filing - and the charges - Rolex disassociating itself with Kings is a natural reaction. Sent from my iPhone using Tapatalk Pro
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23 August 2019, 10:58 PM | #113 |
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24 August 2019, 12:51 AM | #114 |
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BNABOD thanks for the info about the new dealer in Nashville. We DO need some new blood in town.
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24 August 2019, 07:53 AM | #115 |
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I was on a wait list with King since November for a GMT. It felt like I was dealing with a used car salesman. When asked about being on a list, they say Rolex doesn’t do lists. Then they let you on one. Asked them if they needed a deposit. They said no, Rolex won’t let us.
After Basel when the Batman was discontinued and put on a Jubilee I needed to switch to a new list... and they asked for a deposit. I gave it to them, but found them to be very odd asking for it after telling me before it was prohibited by Rolex. They said in the spring they may be discontinuing as a Rolex AD but stressed they’d honor their customers on the waitlists with deposits. Then in early August they were no longer an AD. They said sorry, but we need to give you your deposit back and happy hunting. I was so frustrated after waiting nearly 8 months for a watch to be back at square one. This was my first Rolex and to celebrate a goal that took many years to accomplish. Sorry, but I went to the Omega Boutique within a week and walked out with another watch I wanted to add to my collection. I’ll get the Rolex another day when there is a boutique in Nashville or I walk into a store and the watch is in the case. And yes, Bell Jewelers in Murfreesboro is no longer an AD either. My guess is they are just too small, but King was a bit shady in my experience and it’s hard to not let it turn me off from Rolex too. |
24 August 2019, 10:16 AM | #116 | |
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24 August 2019, 11:25 AM | #117 | |
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Similar experience. Can’t wait for a new AD to hit the town. Sent from my iPhone using Tapatalk |
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24 August 2019, 11:33 AM | #118 | |
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I put half a blro down 2 days post Basel and that was over 1.5 years ago. Was numb 3 on the list . They never bothered to call me when they were no longer an AD. Even worse I was IN the store and only after asking about the ad status I brought up my deposit (5k) and they mentioned they would refund me. If I hadn’t asked it out not have been brought up ...sad |
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20 September 2019, 12:06 AM | #119 | |
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20 September 2019, 12:10 AM | #120 |
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