ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
28 September 2022, 07:08 AM | #1 |
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Save 30% Off Timepieces (not click bait)
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/
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28 September 2022, 07:26 AM | #2 |
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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.
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28 September 2022, 07:29 AM | #3 |
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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... |
28 September 2022, 07:34 AM | #4 |
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What does a first-class round-trip ticket over there cost?
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28 September 2022, 07:45 AM | #5 |
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So just screw duty and use tax, I guess? lol
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28 September 2022, 08:34 AM | #6 |
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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. |
28 September 2022, 10:07 AM | #7 |
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You might be able to do this in Japan too. Yen has lost 20% of its value.
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28 September 2022, 10:12 AM | #8 |
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28 September 2022, 10:16 AM | #9 |
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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.
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
28 September 2022, 10:40 AM | #10 | |
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Quote:
The country is fully opening up for tourism next month. |
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28 September 2022, 10:34 PM | #11 |
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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
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
29 September 2022, 12:52 AM | #12 | |
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Quote:
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. |
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29 September 2022, 01:44 AM | #13 |
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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 ?!?!?
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
29 September 2022, 01:51 AM | #14 |
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29 September 2022, 03:04 AM | #15 |
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Wow, almost parity with the pound? I hadn't checked in a long time, but think of "normal" as about $1.60.
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29 September 2022, 04:05 AM | #16 |
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Rolex will be 31% cheaper in the UK v the US
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 |
29 September 2022, 05:51 AM | #17 |
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is it safe to buy online in UK?
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29 September 2022, 05:57 AM | #18 |
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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 :) |
29 September 2022, 06:04 AM | #19 |
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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.
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29 September 2022, 06:19 AM | #20 |
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I can already picture the lines forming....
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29 September 2022, 06:19 AM | #21 |
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Would the VAT rebates apply to the second hand market? That would make it very interesting…
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29 September 2022, 06:40 AM | #22 |
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You can stand in line but you won’t get a s/s Rolex. At any monetary ratio..
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29 September 2022, 06:45 AM | #23 |
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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.
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29 September 2022, 06:54 AM | #24 |
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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.
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29 September 2022, 07:15 AM | #25 |
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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.
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29 September 2022, 07:19 AM | #26 |
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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.
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29 September 2022, 07:22 AM | #27 |
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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.
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29 September 2022, 07:24 AM | #28 |
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29 September 2022, 07:33 AM | #29 |
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29 September 2022, 08:10 AM | #30 |
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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.
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