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| View Poll Results: Price of Rolexes Going Up or Down? (in the near term) | |||
| World Economy will drive the price DOWN. |
   
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8 | 7.14% |
| Rolex will INCREASE prices despite the economy. |
  
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85 | 75.89% |
| No Price changes will happen (in the near term.) |
  
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19 | 16.96% |
| Voters: 112. You may not vote on this poll | |||
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30 September 2008, 08:33 AM
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#1 |
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"TRF" Member
Join Date: Mar 2008
Real Name: Mac
Location: Dallas, Texas
Posts: 1,367
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World Economy v. Rolex Prices Increase - Who wins?
Let's see, we have a world economy that is tanking around us that could drive the prices down. We have Rolex rumored to increase prices. What do you think will happen? Keep in mind, we all know at some point they will go up, but think this poll is for the near term only.
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30 September 2008, 08:34 AM
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#2 |
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"TRF" Member
Join Date: Apr 2008
Real Name: ChrisTOPHer
Location: Sydney
Watch: Rolex, Brellum,
Posts: 12,601
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no decrease I would think. The majority, or a significant number of rolex owners/potential buyers will not be so greatly affected.
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 "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795 |
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30 September 2008, 08:34 AM
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#3 |
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2024 Pledge Member
Join Date: Sep 2008
Real Name: Richard
Location: USA
Watch: YM Deep Space
Posts: 12,521
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I think Rolex will raise their prices and thumb their noses at the economy. Just my opinion.
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Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM |
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30 September 2008, 08:35 AM
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#4 |
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"TRF" Member
Join Date: Jul 2007
Location: Chicago IL
Watch: Platinum DDMasterp
Posts: 1,983
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Rolex is Rolex
Rolex will do what Rolex wants to do when Rolex wants to do it.....economy or not ....Period 
__________________
Men's Platinum Day Date Masterpiece Men's 18k Day Date Crown Collection Men's Franck Muller 18k Conquistador Cortez Men's SS Cartier Pasha MEMBER # 5534  USACHICAGO IL 
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30 September 2008, 11:39 AM
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#5 | |
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"TRF" Member
Join Date: Jan 2008
Real Name: Tony
Location: England
Posts: 5,459
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Quote:
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30 September 2008, 08:36 AM
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#6 |
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Member
Join Date: Sep 2008
Location: US
Watch: Daytona
Posts: 98
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Like many have said, the customer base of Rolex are mostly in the top of the class when it comes to median income so it would only be to Rolex's advantage to increase prices to continue the aura of prestige. Compared to other luxury brands Rolex appears to be reasonably priced when platinum and diamonds aren't invovled.
Oh yeah speaking of increasing prices :) http://rolexforums.com/showthread.php?t=53026 |
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30 September 2008, 08:40 AM
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#7 |
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"TRF" Member
Join Date: Jul 2007
Location: Chicago IL
Watch: Platinum DDMasterp
Posts: 1,983
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[QUOTE=Rolex appears to be reasonably priced when platinum and diamonds aren't invovled.
[/QUOTE]I have Both...... 
__________________
Men's Platinum Day Date Masterpiece Men's 18k Day Date Crown Collection Men's Franck Muller 18k Conquistador Cortez Men's SS Cartier Pasha MEMBER # 5534 USACHICAGO IL
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30 September 2008, 10:36 AM
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#8 |
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"TRF" Member
Join Date: Oct 2007
Real Name: Bill
Location: East Bay RI
Watch: GMT-II 16710LN
Posts: 12,073
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I think Rolex will continue to increase prices and the resulting price increase will serve to take Rolex watches out of the hands of less affluent people (attainable to all) thereby restoring the prestigious mystique of the brand.
Of course Rolex doesn't care either way.
__________________
I bought a cheap watch from the crazy man Floating down canal It doesn't use numbers or moving hands It always just says "now" Now you may be thinking that I was had But this watch is never wrong And if I have trouble the warranty said Breathe In, Breathe Out, Move On J. Buffett Instagram: eastbayrider46 |
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30 September 2008, 10:54 AM
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#9 |
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"TRF" Member
Join Date: Apr 2008
Location: thailand / m'sia
Watch: YG DD & GMT,TT SUB
Posts: 1,265
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yes, rolex does not care as it has its own followings.
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30 September 2008, 11:13 AM
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#10 |
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Banned
Join Date: Jan 2008
Real Name: Anastasios
Location: Athens Greece
Watch: Rolex GMT 1675
Posts: 8,497
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Rolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolexRolexRolex RolexRolexRolexRolexRolexRolexRolexRolex
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30 September 2008, 11:20 AM
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#11 |
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2024 Pledge Member
Join Date: Sep 2008
Real Name: Richard
Location: USA
Watch: YM Deep Space
Posts: 12,521
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What do you mean!!??
I have always thought that Rolex controlled the world economy!
__________________
Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM |
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30 September 2008, 11:58 AM
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#12 |
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"TRF" Member
Join Date: Nov 2007
Location: CA
Posts: 3,295
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Are we talking about AD prices? They're always going to go up.
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30 September 2008, 12:00 PM
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#13 |
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"TRF" Member
Join Date: Aug 2008
Real Name: Chris
Location: WXSW
Watch: GMT (116710)
Posts: 2,723
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The Rolex price increase will go into effect October 1st, AD just called me. Mainly the professional models. Gave me a few prices.
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-Cheers, Chris #15,634 "The heart of the discerning acquires knowledge; the ears of the wise seek it out." |
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30 September 2008, 12:08 PM
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#14 | |
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"TRF" Member
Join Date: Dec 2007
Real Name: Felly
Location: Washington State
Watch: SS Daytona/GV
Posts: 2,998
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Quote:
 I heard SS Daytona's are up 8%.
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30 September 2008, 12:51 PM
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#15 | |
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"TRF" Member
Join Date: Apr 2007
Real Name: Randy
Location: Ohio
Watch: AP, Rolex, Panerai
Posts: 1,241
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30 September 2008, 12:52 PM
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#16 | |
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"TRF" Member
Join Date: Dec 2007
Real Name: Felly
Location: Washington State
Watch: SS Daytona/GV
Posts: 2,998
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30 September 2008, 12:54 PM
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#17 | |
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"TRF" Member
Join Date: Apr 2007
Real Name: Randy
Location: Ohio
Watch: AP, Rolex, Panerai
Posts: 1,241
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30 September 2008, 12:33 PM
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#18 |
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"TRF" Member
Join Date: May 2008
Real Name: Matt
Location: Earth
Watch: 114060
Posts: 3,203
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Rolex doesn't give 2 sh*ts about the economy, the prices will contimue to rise and people will continue to buy.
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Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons |
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30 September 2008, 01:30 PM
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#19 |
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"TRF" Member
Join Date: Jan 2007
Real Name: Dick
Location: USA
Watch: SubND,DD,SSDaytona
Posts: 2,257
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I think where this economy is headed we'll all be thinking about things other than Rolex prices in the very near future. Sorry.....
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“The only reason for time ....................... is so that everything doesn't happen at once." Albert Einstein |
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30 September 2008, 02:35 PM
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#20 |
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"TRF" Member
Join Date: Jan 2007
Real Name: Richard
Location: LV, NV
Watch: LV Sub and others
Posts: 2,689
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I don't think as many people will continue to buy Rolex.
 Most middle class people (like me) will not drop $6,000 plus on a watch if the economic future looks bad. Rolex is very unwise not to see this fact. Feed your family or buy a Swiss watch? Is there really any choice here?Nation wide sales of items you really don't need are down. Furniture sales, down, Car sales way down, vacation/tourism 10 year lows, and SWISS WATCHES 57% decrease in sales compared to this time last year at my ADs. And here is Rolex with their over inflated egos (head in the clouds) with yet another price increase. SHAME ON YOU ROLEX YOU WILL REAP WHAT YOU SOW. 
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Always working...by choice
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30 September 2008, 03:30 PM
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#21 | |
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Member
Join Date: Sep 2008
Location: US
Watch: Daytona
Posts: 98
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1 October 2008, 01:23 AM
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#22 | |
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Join Date: Sep 2007
Location: Georgia
Posts: 417
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1 October 2008, 01:26 AM
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#23 | |
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"TRF" Member
Join Date: Dec 2007
Real Name: Felly
Location: Washington State
Watch: SS Daytona/GV
Posts: 2,998
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Quote:
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1 October 2008, 01:31 AM
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#24 |
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"TRF" Member
Join Date: Jul 2008
Real Name: David
Location: London+Guangzhou
Watch: ing watches
Posts: 2,603
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Rolex will continue to up the price no matter what happens to the economy. Hans Wisdorf's philosophy was always to keep the price of a Rolex a little above what the average middle class person could afford - not unreachable for them but so that they would have to strech to buy one. Rolex will still sell all the watches they make and will come to be seen as more exclusive.
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30 September 2008, 02:56 PM
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#25 |
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2024 SubLV41 Pledge Member
Join Date: Jan 2008
Real Name: Martin
Location: Home and Away
Watch: you? "YES PLEASE"!
Posts: 3,718
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what a time to ask such a question I'm allready ducking for cover!
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it's not just about telling the time... happy rolexing... I'm just a man with a passion   |
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30 September 2008, 03:40 PM
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#26 |
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2024 Pledge Member
Join Date: Jun 2008
Location: So Cal, USA
Watch: Not a ONEWatch Man
Posts: 7,383
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Majority of Rolex buyers are probably not significantly affected by the economy and I think that's what Rolex is betting on. With every thing going up in prices, if Rolex wants to keep the same profit margin, they'll need to increase price, something we all feel
Maybe it'll be longer interval between this and next price increase
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1 October 2008, 02:08 AM
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#27 |
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"TRF" Member
Join Date: Dec 2007
Real Name: John Eaton
Location: Nome Alaska USA
Watch: Red1680 metres 1st
Posts: 1,869
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I had thought several days ago of making a poll "How will the economy affect your Rolex buying habits?"
I have never started a poll and often my forum time is cut short by my business... I had been thinking that perhaps AD's would have some special sales for good customers, but really don't think the MSRP would drop. I would assume buying used, gray or private sales, especially under hardship conditions would offer huge opportunities assuming the buyer had sufficient savings and expected the upcoming crisis to be fairly short in duration. I have certainty that used Rolex values will increase in ten or more years; however some segments are struggling to keep a roof over their head and contend with huge commodity price increases, marginal Rolex owners will sell.
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Perfection lies not in the organic whole but in the isolated fragment 
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1 October 2008, 04:53 AM
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#28 |
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"TRF" Member
Join Date: Jan 2007
Real Name: F
Location: Scotland
Watch: Exp II White Face
Posts: 4,272
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They will raise prices, cut back production and increase their margins.
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Why have what's new when you have what's best. f |
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1 October 2008, 04:53 AM
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#29 |
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"TRF" Member
Join Date: Aug 2006
Real Name: Scott
Location: GMT -7
Watch: GMT's & Sub's
Posts: 10,401
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Its pretty simple really, manufacturers are being charged more for raw materials, so they just pass that along to the end user. I think you will see more of a trend to purchase pre-owned as well.
~Scott |
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