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5 January 2020, 07:23 AM | #1 |
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Should Rolex apply this Ferrari strategy ?
Was reading this article about Ferrari, and it has what seems like a really good strategy in it, that apparently Ferrari uses for a specific car
It says Ferrari has the right to purchase back the car if you should decide to sell it within 18 months of ownership Maybe Rolex can use that to stop flippers of hot watches and use it to stop the grey market?? |
5 January 2020, 07:27 AM | #2 |
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Would support but they don’t care. Moving product is moving product
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5 January 2020, 07:56 AM | #3 | |
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Quote:
You’re right Ferrari doesn’t seem to have a problem moving their product either, or so I understood from that article I was just thinking this might be a way to stop the flippers that feed the grey market AND most importantly, a way to stop investment threads on the Rolex forum |
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5 January 2020, 07:28 AM | #4 |
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No
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5 January 2020, 07:30 AM | #5 |
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If you want one of the more popular watches, Rolex really should follow the lead of Thunder Dome. Make people really earn it, with the added benefit of killing flippers :-)
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5 January 2020, 08:39 AM | #6 |
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5 January 2020, 07:33 AM | #7 |
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With so many Rolex watches out there, it would be too much trouble to buy them back.
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5 January 2020, 07:57 AM | #8 |
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5 January 2020, 07:34 AM | #9 |
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And after purchasing back, then what?
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5 January 2020, 07:53 AM | #10 |
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Then they could sell it at msrp to another customer? So say you want a Daytona, but can’t get one because you’re not enough of a big fish or cool enough or whatever Some vip buys it Doesn’t want it, instead of selling it to the grey market, they have to sell it back to Rolex Then a normal person, that is not a vip can buy it Unless they call another vip, and the process would just repeat again |
5 January 2020, 08:12 AM | #11 |
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5 January 2020, 01:43 PM | #12 |
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Why, back to the ADs to sell mint pre-owned at huge markup of course!
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5 January 2020, 07:35 AM | #13 |
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Are they asking for suggestions? I missed that memo.
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5 January 2020, 07:58 AM | #14 |
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5 January 2020, 07:37 AM | #15 |
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Yeah, too many watches to keep track. Rolex probably sells more watch in 1 year vs what ferrari has sold, ever.
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5 January 2020, 07:58 AM | #16 | |
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Quote:
Supposedly ADs get 2 Daytona’s a year or whatever I’m sure each AD could keep track of who they sold their Daytonas to and when |
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5 January 2020, 08:14 AM | #17 |
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5 January 2020, 08:27 AM | #18 |
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5 January 2020, 08:22 AM | #19 |
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5 January 2020, 08:38 AM | #20 |
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5 January 2020, 07:39 AM | #21 |
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Ferrari sells around 8,400 units per year. Rolex 100 times that. So big fat NO.
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5 January 2020, 07:55 AM | #22 | |
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Quote:
Do you think Rolex sells 100 times that of hot watches? I would think not, but I’m no expert I’m saying that maybe Rolex should use this for hot models only Like the SS Daytona That way people don’t buy it just to flip it |
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5 January 2020, 09:15 AM | #23 |
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And the average Ferrari is a lot more expensive than the average Rolex. Not the same ban per transaction. Rolex would loose tons of money undertaking such a monumental task. They would never do it.
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5 January 2020, 09:31 AM | #24 |
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5 January 2020, 07:43 AM | #25 |
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It seems like the ADs are employing the Ferrari dealers strategy of making you buy specific models before you can purchase the in demand pieces.
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5 January 2020, 07:53 AM | #26 | |
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Yeah haha It’s funny, but it sucks Also, they purposely make less of the hot models like Ferrari does with cars |
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5 January 2020, 08:09 AM | #27 |
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How would they even know if you sold it? These aren't registered to new owners like a VIN.
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5 January 2020, 08:26 AM | #28 |
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5 January 2020, 08:19 AM | #29 |
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Ferrari makes a few hundred cars a year...Rolex makes several hundred thousand.
Ferrari has it easier tracking purchase history because a buyer spends six figures. Rolex would waste a lot of administration processing keeping track of hundreds of thousands of watches sold globally. Should Hermes adopt this strategy for Birkin Bags, LV, Goyard....etc, I honestly think we're looking for a solution to a problem that doesn't really exist. Ask Ellen if there's a shortage...she could get any Rolex she wants instantly, but normal peasant folks like me have to get in line and wait. Such is life, it's not a problem, it's society and capitalism. Try to solve "those problems", good luck. |
5 January 2020, 01:33 PM | #30 | |
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+1
Quote:
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