Watches4ever
873
No one can buy Rolex SRP in HK
May 31, 2018,06:17 AM
One AD called me this afternoon to offer me one of two 2018 Pepsi GMT on Jubilee bracelet arriving the next day, considering I am one of their VIP. After telling me the SRP, it will be sold with a 60% premium on top, he explained that's the market price and I can't buy one at the SRP at all. Like I said in another thread, this practice is considered legit in HK, no waiting list, buy any Rolex sports models only at a premium, to the highest buyer. I hope Rolex SA aware of this unfair trading in HK, loyal customers must pay the extra to own one of the top brands in the watch industry.... So unfair... I declined the offer...
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No one can buy Rolex SRP in HK
By: Watches4ever : May 31st, 2018-06:17
One AD called me this afternoon to offer me one of two 2018 Pepsi GMT on Jubilee bracelet arriving the next day, considering I am one of their VIP. After telling me the SRP, it will be sold with a 60% premium on top, he explained that's the market price a...
Is there an "A" in AD?
By: JToddH : May 31st, 2018-06:27
Since when is an Authorized Dealer allowed to mark up a Rolex beyond MSRP? Hmmmmm.
I believe you're incorrect.
By: JToddH : June 1st, 2018-07:25
When I bought my Daytona, my AD told me they were only allowed to sell it at MSRP, and despite higher value on the secondary market, they were not allowed to attach a premium. Also, any AD caught by Rolex discounting is seriously punished. Years ago, my A...
We both are correct.
By: datograph : June 1st, 2018-13:28
In some european countries at least, MSRP means what it stands for and retailers can charge under or above it. The other thing - you mentioned it - is, that manufacturers don't like it if you charge beyond or underneath it's suggested price, but that's an...
Done all the time
By: watch-er : June 3rd, 2018-06:20
in the golf industry in the USA. The top brands can only be sold at a certain price, all the same, no matter where you buy them. A dealer who transgresses loses the account. Hard and tough with no exceptions, period.
As far as I know...
By: jayeyedoubleemmwhy : May 31st, 2018-06:43
ADs are required to sell watches at retail prices, maybe with a little discount, but certainly not higher. In the US, an AD can lose their Rolex account if they charge higher. Perhaps they’re trying to flip it as a “pre-owned, but new” watch to be able to...
It's insane from an AD but...
By: JP_iron_head : May 31st, 2018-06:51
But check what i've found on chrono24 21000$ for the 126710, i'll consider buying a 116719BLRO at this price...
+1. [nt]
By: Dmitriy : June 1st, 2018-13:26
Well
By: Seamaster2254 : May 31st, 2018-09:27
at the end of the day, this is just a Rolex with a pink and purple bezel. So keep your money in your wallet and keep looking out for another great watch. I will wait for your pictures with patience.
Who's to blame?
By: VMM : May 31st, 2018-09:28
The one selling, or the one buying? In this sick society for quite some time now, price is set by the buyer, not the seller anymore. We lost our minds long time ago. If people is so wealthy and fool to pay over retail price, let's them have all the fun. I...
You did the right thing to decline the offer!
By: sham1 : May 31st, 2018-10:24
This unfortunately is common practice in many countries in Asia and even the Rolex Boutiques practise selling certain watches above the RRP. I have no idea how they have managed to get away with it and I too wish that Rolex HQ would take action.
I’m done with Rolex
By: ripper444 : May 31st, 2018-18:53
If people just stopped buying these models for insane prices they would come back to reality and stop with the fake supply shortage nonsense. I’ll never buy another Rolex again.
Sadly this is common practice here
By: kykw : May 31st, 2018-19:35
ADs even have the audacity to act as if they're doing you a massive favour by offering you one of these hot pieces at a massive premium. To them it's simply good commerce where supply way exceeds demand. I had an AD told me before that the premium was jus...
Just plain greedy
By: Watches4ever : May 31st, 2018-19:48
AD receiving stock from Rolex, already at a dealer's discount so that they can sell at the SRP and profit on the margin. That's how I understand the trade. Discount is on the AD's discretion for loyal customers and Rolex HK recommended no more than 10% to...
dealer greedy yes.....but aren't we all??!!
By: THH : June 1st, 2018-00:27
AD set the price at the price they want; whether you want to buy or not, its entirely up to you. in this case you declined, end of story. some will buy, some won't. if your AD gets 100 steel GMT in a month, you can get one at retail or with discount. do t...
HK Oddity
By: spinoza : May 31st, 2018-20:01
Hello all, I live here in HK and have put my name down for the Pepsi and Rootbeer Rolesor and went to official ADs to do so. The official retail price is 77.000 HK$ for the Pepsi in stainless steel. No one should pay more then that. Please report this AD ...
Sorry to hear this.
By: bimbeano : May 31st, 2018-22:12
A friend ordered his in our the day after Baselworld. Because he was the first to ask AND having bought quite a few new Rolex over the past years he will get his this year (he hopes). That dealer in HK should be punished for his act. Filip
We are a small pepple on a sandy beach
By: Watches4ever : May 31st, 2018-22:36
I was approached but turn down the offering, it will go to the next and the next who want a brand new piece to show off on IG/FB/Twitter by paying whatever is asked. Then there are the mainland Chinese scooping up what we don't want or refused to pay for ...
What some ADs do is pretty lousy...
By: stevet : June 1st, 2018-15:55
I've heard of some selling for MSRP, but forcing you to buy another piece, too. I would never entertain such a practice. These ADs are the same guys who cry foul against gray market dealers. Such double standards!
That’s happening already back in 2015
By: Greenwatch : June 3rd, 2018-04:07
In some watch shops when the BLNR was a hot item. Not surprising! In the past, one goes to HK to buy wristwatch for its availability and low price. Not anymore! How times have changed unfortunately. Marking up beyond SRP is the new norm for hot watches.
I know in the USA
By: watch-er : June 3rd, 2018-06:26
ADs cannot sell new watches above the stated retail price. I understand it is and can be properly done in other world markets particularly in parts of Europe and the far east. Curious, though, why Rolex policies are not uniform throughout the world.