destrodan
509
That's really unfortunate.
Aug 08, 2019,09:50 AM
I feel bad for the individuals affected by this. It would hurt to know that you're on the list and then find out the dealer is closing. It can also create a panic within the watch community and lead to longer phantom waiting lists everywhere beyond the local dealer. It's very similar to university applications in the US -- prospective students for a highly selective university often apply to 10 or 15 of these universities in the hope of being accepted to the best possible option.
This could also create a potential 'asset bubble' for Rolex as they might know if dealers have a 3 or 5 year waiting list for sports models, but they wouldn't know which portion of those individuals are repeated on other lists and might get their watch from another dealer. Not sure how they determine their production numbers of the sports line, but hopefully it's not based on dealer requests (driven by waiting lists) as inventory will catch up with a significant enough bump in economic conditions which would cause the phantom repeat customers to dry up very quickly due to the exponential repetitive nature of the lists.
At the same time, I don't see how Rolex can address the situation without removing all relationships between customers and ADs and having a master list for each locality, nation or worldwide even.
A tough dilemma for sure.
Kind regards,
Dan
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Closed AD = lost list = THE END
By: Rapwatch : August 8th, 2019-07:59
Interesting to compare my experience as a genuine brand fan and collector against the recent post about the chancer/flipper.... What do PuristS think of this: Rapwatch ...
Rolex's position is completely reasonable.
By: vitalsigns : August 8th, 2019-08:12
How could it be any other way? It would be unworkable for customers to be able to solicit Rolex directly. As you allude (or I think you're alluding), this may just be a weak attempt by a would-be flipper. Cheers, John
Maybe I was not clear.
By: Rapwatch : August 8th, 2019-08:23
....there are going to be quite a large number of genuine buyers who are now stranded, some years in, on several waiting lists that have just been deleted; just out of bad luck, and because their local Rolex AD account was stopped (their other branches ha...
Ah, I see...and you're right, this is going to be tough for many...
By: vitalsigns : August 8th, 2019-08:41
who thought that nominally being on a list meant it was only a matter of time before they received their much-desired Rolex. That is a tough situation indeed. Hard to imagine how Rolex could (or if it should try to) solve this. Any attempt to solve it may...
That's really unfortunate.
By: destrodan : August 8th, 2019-09:50
I feel bad for the individuals affected by this. It would hurt to know that you're on the list and then find out the dealer is closing. It can also create a panic within the watch community and lead to longer phantom waiting lists everywhere beyond the lo...
Is it already April 1st?
By: Jocke - Bad Santa : August 8th, 2019-10:12
If anyone seriously believes that the list of a Rolex AD is binding in any way then he is badly off. Of course, only these lists are to keep the myth alive. After all, these ADs distribute the hard-to-reach watches to major customers and gray dealers in t...
+1
By: jim_94104 : August 8th, 2019-17:13
my experience is the ADs use the wait list to get you out the door ASAP...
+2
By: U3O8 : August 8th, 2019-18:34
The list is basically an indication of interest from prospective buyers. Not really a contract outlining the sequential distribution of product. I am on the list for a Rolex and a Patek at an AD in NYC. They are one of the more well known ADs globally wit...
+3
By: Dave G : August 14th, 2019-13:11
Lists certainly aren't binding and not real in my view. AD's have customers they know and have spent sizeable amounts with them and will allocate accordingly.
hehe. It's such a poor show, Rolex should be embarrassed.
By: Rapwatch : August 8th, 2019-11:23
They betray their total arrogance. At least I already have some cool pieces. Alas no more will be added. I can guess why the dealer lost their position. When the old guard retired (awesome service by the way) they were left with a money grabbing little sp...
I have to say ...
By: Cpt Scarlet : August 8th, 2019-11:15
that I’m very satisfied with my Rolex... Photo credit: Taxi Driver ...