Has anyone noticed?

[Snowspeeder]

I just received news from my AD contact that there will no longer be any discount given for sports models (ss & tt) until further notice. That's disappointing news indeed. So @RoyalOak, you reckon the situation will improve upon Q1/Q2 2018?

Glad I got mine a fortnight ago. Was given 8% discount.

[Oceanklassik]

I just received news from my AD contact that there will no longer be any discount given for sports models (ss & tt) until further notice. That's disappointing news indeed. So @RoyalOak, you reckon the situation will improve upon Q1/Q2 2018?

The is the result of our local ADs not being able to sell ROLEX watches at premium prices. Other contributing facts include the demand (of ROLEX sports models) far exceeding supplies, plus the usual price increases that would normally take place every year.

And of course, the main reason why this can happen is people will still buy these watches at their retail prices, even some models, at premium (from non-ADs).

[RoyalOak]

Rolex manufactures a fixed amount of their models every year. Say hypothetically, they allocate their production of Batman to 15,000 pieces per year and SS datejust 41 black to 30,000 pieces per year, once they hit 15,000 for the Batman in a year, they will just stop. They will not decrease production of DJ41 to make up for the popularity of Batman to produce more Batman.

The demand for the sports models for year 2017 has been very good, resulting in early sold-out of said models. Hence, the ADs around the world have not been receiving a lot of these sports models towards the end of 2017.

Obviously the production and shipment for these sports models will continue in 2018 again. However, Rolex has always been secretive about their production per model and allocation, so it's anyone's guess whether we will see the same dearth situation of these sport models in the late part of 2018.

Back to your earlier question, Rolex has the right to rescind the authorised dealership of any AD if they are continually found not acting on Rolex's advice. This is the one thing that all the ADs fear given the lucrative Rolex relationship. The power is with Rolex here...

[mirage]

I just received news from my AD contact that there will no longer be any discount given for sports models (ss & tt) until further notice. That's disappointing news indeed. So @RoyalOak, you reckon the situation will improve upon Q1/Q2 2018?

[mirage]

Don't buy from flippers now. The stock will come in again to the AD soon.

I trust Rolex to resolve this.

How do you reckon Rolex can resolve such situation? Ultimately, it is up to AD's discretion on who they wanna sell the watches to even if they increase or regulate their supply of popular sports models. Grey market will still continue to operate as it is. The bottomline is a demand vs supply situation. If buyers can't wait, they can always pay a premium to grey market sellers. If buyers can wait, then they can see if they can buy at RRP (with some discount hopefully) from the ADs.

[rayden2017]

demand and supply.

[Oceanklassik]

Don't buy from flippers now. The stock will come in again to the AD soon.

I trust Rolex to resolve this.

ROLEX to resolve this

[Oceanklassik]

Sadly to say Rolex Singapore can’t do anything because AD rather sell to vip customer or gray market because of higher profit margin. You walk in AD if they tell you they selling @ retail price is BS, it because that they scare sell you premium price later on you will complain to Rolex. Overall if they choose not sell to you/*Out of stock which actually the stock inside safe*and you also can’t do anything about it

AD usually will sell to gray market @ higher price which mean consumer will suffer at higher price. Sometime AD will sell their vip at retail price which is seldom. As for selling walk in Customer is totally waste of time because lower profit margin/if selling @ premium price they worry getting of complain, so they will choose gray market which whole sales to HK or other countries

Rolex usually supply 1-4 popular model to which outlet of AD. I believe this flipers won’t stop because rolex is controlling the stock Demand/supply. Right now all sport model is holding back because upcoming Rolex going increase their price 3-5% across all model on 2018 and I believe all AD already have the information 😁

I don’t think rolex can do anything because gray market for Rolex too huge & without gray market Rolex don’t hold value anymore 😂😂

I cannot agree more. It's just disappointing for some; happy for some too.

[Timetraveler]

In facts some of the AD selling premium price

I don’t think rolex can do anything because gray market for Rolex too huge & without gray market Rolex don’t hold value anymore 😂😂

[RoyalOak]

Don't buy from flippers

Don't buy from flippers now. The stock will come in again to the AD soon.

I trust Rolex to resolve this.

[Timetraveler]

Usually Rolex supply stock

Rolex usually supply 1-4 popular model to which outlet of AD. I believe this flipers won’t stop because rolex is controlling the stock Demand/supply. Right now all sport model is holding back because upcoming Rolex going increase their price 3-5% across all model on 2018 and I believe all AD already have the information 😁

[Timetraveler]

They is always backdoor

AD usually will sell to gray market @ higher price which mean consumer will suffer at higher price. Sometime AD will sell their vip at retail price which is seldom. As for selling walk in Customer is totally waste of time because lower profit margin/if selling @ premium price they worry getting of complain, so they will choose gray market which whole sales to HK or other countries

[Timetraveler]

Even you complain rolex Singapore also no use

Sadly to say Rolex Singapore can’t do anything because AD rather sell to vip customer or gray market because of higher profit margin. You walk in AD if they tell you they selling @ retail price is BS, it because that they scare sell you premium price later on you will complain to Rolex. Overall if they choose not sell to you/*Out of stock which actually the stock inside safe*and you also can’t do anything about it

[RoyalOak]

I have written to Rolex Singapore on this "flipping" situation, and they informed me that they are aware of it, and are currently working closely with the AD to address it. They also encouraged me to liaise with my AD on these popular Rolex models, instead of the flippers.

Fingers crossed!

[Oceanklassik]

Noted. So with Rolex supposedly enforcing it, there seems to be no follow up. I'd like to see some ADs lose their licenses, especially with shady practices. But then again, this is Asia so if I'm honest, I'm not surprised really.

ROLEX enforcing it? Nah, I doubt so. They just set the (new) rule for the local ADs to follow bah. Enforcing it would mean ROLEX actively make checks and bring to task any who flout this rule. Not so sure if they actually did it.

I saw a joker selling hulk at 16k in Carousell.

This is getting crazy. Pls don't buy from him, the stock will come in again next January. Just be patient.

Some months back, a watch dealer shared with me that he was 'scolded' by his watch dealer partner from Hong Kong (HK), to have sold a new HULK for $13.8K locally. The HK partner told this watch dealer that he had priced it wrongly, and that he should have sold it at least at $15K and above