Historic Adler's New Orleans Lost AD Status ...

[Saints1]

Yet another one (actually two, since they have two locations) gone.

[brandrea]

Sad to see these independents go.

[Loosetoe]

I bought my first Rolex there direct from Coleman Adler in 2007.
This is a loss.

[The OG Beef]

That’s a shame. Bought a Panerai from them 7 or so months after Katrina. Good people.


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[S’portEye]

Unreal. Always loved going in there when I was a kid.

[StackLexus17]

They lost their Patek AD status this past year as well.

Curious to know why on both.

[DC116710LN]

I would love to know on what basis these decisions are being made

[77T]

These are business decisions plain and simple.

Sometimes mutual, other times unilateral, and finally the AD itself may not like the new terms and conditions for renewal.

[Barada7]

Rolex apparently doesn’t like the grey market, but seems to continue pushing its customer base to them.

[Calatrava r]

Originally Posted by Barada7

Rolex apparently doesn’t like the grey market, but seems to continue pushing its customer base to them.

With less retail outlets the used prices will stay strong or rise further. This encourages retail buyers to sell and drives more and more customers to the used markets as there are fewer and fewer retail outlets.

[Zach69SS]

I think, it’s that new requirement by Rolex of the Rolex build out at every location,that costs $500,000-1,000.000 per location to keep AD status. There are some jewelers that can’t make that investment.

[Redfoot]

This was a cool shop- but I am sure they had 1000's of people a week coming in asking for watches with their downtown location.

Pretty soon, it seems like there will only be 1-2 AD's per state? It is really winding down.

[wesdaniel]

Is there another AD or a boutique in the New Orleans market?

[BigPapiDoesItAgain]

Originally Posted by wesdaniel

Is there another AD or a boutique in the New Orleans market?

Lee Michael's - I think they have one at Lakeside Mall in Metairie. The Baton Rouge location over by Bocage is an excellent watch shop and highlighted by Rolex, Patek (only dealer in La./Ark/Miss region), Cartier, Tudor to name a few. Not sure about what the Metairie store's brands (Shreveport store no longer has Rolex).

I bought a Cartier Panthere and Nomos Zurich worldtimer at Adler's in December, enjoyed visiting with the SA and he brought out some off catalogue Rolex pieces from the vault to show me, I guess because of the nature of our conversation - he was a real watch guy.

Sorry to hear that about that store.

[Nice marmot]

[QUOTE=wesdaniel;13242828]Is there another AD or a boutique in the New Orleans market?[/QUOTE

Lee Michaels just built a new free standing location in the metro area. In addition Aucoin Hart is also an AD in the area.

Interestingly enough Adler’s just closed their location in Baton Rouge which was right across the street from Lee Michaels Bocage location that Big Papi mentioned. The Baton Rouge Adlers location was neither a Patek nor Rolex AD though.

[MRBolton]

I don't think they physically had the space to create a large enough Rolex section if it was remodel driven for the closure.

I know they plainly played the games in the recent past regarding spend history. I can't remember exact conversations that I had with them, but it was clear. I wouldn't be surprised if the closure may have been driven by backdoor selling or other similar antics. However, I don't know how an AD gets caught with that.

Last time I was in there, I tried on a yellow gold Submariner. They told me it was spoken for by someone who paid for it in full, and they were requiring the customer to wait to collect it for a month so they could have it on exhibition. That really rubbed me wrong. I can't believe someone was willing to accept that.

For New Orleans to be such a large city with so much tourism and plenty of money floating around, I can't believe there now is no AD in the actual city of New Orleans! Just a couple outside in the suburbs that are Metairie addresses. That is a big loss indeed.

[Henrimontgomery]

Originally Posted by MRBolton

I don't think they physically had the space to create a large enough Rolex section if it was remodel driven for the closure.

I know they plainly played the games in the recent past regarding spend history. I can't remember exact conversations that I had with them, but it was clear. I wouldn't be surprised if the closure may have been driven by backdoor selling or other similar antics. However, I don't know how an AD gets caught with that.

Last time I was in there, I tried on a yellow gold Submariner. They told me it was spoken for by someone who paid for it in full, and they were requiring the customer to wait to collect it for a month so they could have it on exhibition. That really rubbed me wrong. I can't believe someone was willing to accept that.

For New Orleans to be such a large city with so much tourism and plenty of money floating around, I can't believe there now is no AD in the actual city of New Orleans! Just a couple outside in the suburbs that are Metairie addresses. That is a big loss indeed.

Reading this story, and many others, I can’t help but think Rolex is doing the good work by getting out of their distribution agreement.

[MRBolton]

Originally Posted by Henrimontgomery

Reading this story, and many others, I can’t help but think Rolex is doing the good work by getting out of their distribution agreement.

I both agree and disagree. As the market returns to normal, the antics will ease up. However, now there are less stores to shop at, which raises exclusivity and reduces convenience for a product that ahs to be sold in person.
For someone in a rural area with limited options, this makes it more difficult to get a new Rolex... especially since a lot of ADs try to direct you to the AD closer to your home or don't like selling to nonlocals who aren't whales, which is what Adler's in New Orleans did to me.

[2loaded]

Originally Posted by Henrimontgomery

Reading this story, and many others, I can’t help but think Rolex is doing the good work by getting out of their distribution agreement.

Agreed

[Pius XIII]

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

[BigPapiDoesItAgain]

Originally Posted by Pius XIII

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

damn Pius, Adam was the guy I was talking about in my post above. I hate to hear that. I wasn't showing interest in Rolex when I was in there, but we talked about watches for a good while. He did offer to hook me up with the Zadok people in HOU if I was looking for a Patek.

Know nothing of Metairie location of LMFJ, but again good things to say about the BR store with some no strings attached purchases - My brother picked up a GRNR about 4 weeks after registering interest with no purchase history there.

[MickCollins1916]

Originally Posted by BigPapiDoesItAgain

damn Pius, Adam was the guy I was talking about in my post above. I hate to hear that. I wasn't showing interest in Rolex when I was in there, but we talked about watches for a good while. He did offer to hook me up with the Zadok people in HOU if I was looking for a Patek.

Know nothing of Metairie location of LMFJ, but again good things to say about the BR store with some no strings attached purchases - My brother picked up a GRNR about 4 weeks after registering interest with no purchase history there.

Originally Posted by Pius XIII

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

I don’t weigh in here much because most discussions watch-related have devolved into this sort of complaining. Plus many watch releases these days are meh to me, I agree stuff’s a pain to wait on, etc.

However, defaming the individual you’re talking about is not something I’m having. Unless you have proof of what you’re suggesting - which spoiler alert, you don’t, because he would never do such things - I strongly suggest curbing this foolishness.

Adam’s not some watch dude I trust, he’s a dear friend and a human I trust. We’re talking about a guy who served his country honorably and knows his business down to the ground. I would deal with him in confidence.

This person was the cornerstone of the Adler’s watch business before hanging up his loupe for the time being and is a total pro.

It’s a bummer to see these smaller doors close, and I’ve really enjoyed my visits and purchases from the Canal St and Metairie locations, but it’s a harsh to assign blame in this manner based on false assumptions and conjecture.

[BigPapiDoesItAgain]

Originally Posted by MickCollins1916

I don’t weigh in here much because most discussions watch-related have devolved into this sort of complaining. Plus many watch releases these days are meh to me, I agree stuff’s a pain to wait on, etc.

However, defaming the individual you’re talking about is not something I’m having. Unless you have proof of what you’re suggesting - which spoiler alert, you don’t, because he would never do such things - I strongly suggest curbing this foolishness.

Adam’s not some watch dude I trust, he’s a dear friend and a human I trust. We’re talking about a guy who served his country honorably and knows his business down to the ground. I would deal with him in confidence.

This person was the cornerstone of the Adler’s watch business before hanging up his loupe for the time being and is a total pro.

It’s a bummer to see these smaller doors close, and I’ve really enjoyed my visits and purchases from the Canal St and Metairie locations, but it’s a harsh to assign blame in this manner based on false assumptions and conjecture.

Makes me feel good to hear that from someone who knows him. I had a good feeling from him taking care of me on that two watch transaction back in December. Was helpful and cordial to this out of towner (I am from the Northern half of Louisiana) for his store and knew a whole lot about what he was selling.

I'll ad this bit - the Nomos I bought had a strap that was too big. He sent me home with it - it was a cordovan strap mind you - and told me he would call the rep and have the Nomos strap of my choice sent to me at home. Followed up on Monday after I was back home, got the strap sent out to me. Turns out the replacement was too small, lol. I sent him a text, he told me to keep that strap and he had a new one sent out and I had it in two days. Again, I was buying fairly pedestrian pieces - a SS Panthere with diamond bezel and the aforementioned Nomos and I was treated like an old customer.

[QuantumOceanLawyer]

Originally Posted by Pius XIII

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

Man. Sounds like you are pretty butt hurt. I'd suggest some cooling balm because you're not getting anything with that attitude. Have you ever bought anything in Adlers? Or just go in and try to get what long-time customers have been patiently waiting... a long time for and then you get pissy that life doesn't work the way you want to? Seems like you have a pretty similar problem with Lee Michaels helping existing customers before ones that come in demand. The point of "smaller" ADs is that they serve the local community and support the customers that support them.

Do you think that a business like that can sustain itself just selling the hottest models to chumps who walk in off the street and obviously don't treat people with respect? I say obviously because if you are the person who when they don't get exactly what they want, goes and anonymously posts completely made-up things online.

Adam is a good guy and did the best he could to get pieces to customers who supported Adlers. This end of collecting forgets that Rolex and Patek and whatever other brand's employees don't have it any easier than collectors. They immensely limited stock and non-stop requests. My previous AD for Patek in DC said that they have been getting 100-300 new Rolex and Patek clients a week. He had to retire a year early because he couldn't handle it anymore. He couldn't get new or existing clients anything and everyone is mad. Maybe just stop and think before you type out a bunch of made-up garbage or you just are what you write.

[996marty]

Originally Posted by Pius XIII

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

Some pretty strong accusations hope that can be validated

[TheHulk]

Originally Posted by 996marty

Some pretty strong accusations hope that can be validated

Ill validate everything he said!!

[Pius XIII]

Originally Posted by TheHulk

Ill validate everything he said!!

THANK YOU!!! I completely understand the magnitude of the accusations I’ve made public but I 100% stand by them. I did business with Adler’s and Lee Michaels for years before the Rolex hype train came along and they are now but a shell of what they once were. Dealers that participate in these shady practices and dishonor the relationships that were made prior to these crazy times deserve to be named and shamed!

[TheHulk]

Originally Posted by Pius XIII

THANK YOU!!! I completely understand the magnitude of the accusations I’ve made public but I 100% stand by them. I did business with Adler’s and Lee Michaels for years before the Rolex hype train came along and they are now but a shell of what they once were. Dealers that participate in these shady practices and dishonor the relationships that were made prior to these crazy times deserve to be named and shamed!

I tell you there is one other AD in La that’s far worse. Ill not say their name bc i don’t want to cause them any harm. However, this goof literally has tried to sell me watches for over list. I asked about a BLNR and he said yes, but it’s 15k and that’s below market. Same thing on an OF Daytona. Jeez! I called him out on it once stating that I didn’t think he could ask over retail but he just talked about market prices AND yes he’s an AD. At least for now…..

[TheHulk]

Originally Posted by Pius XIII

Not a loss AT ALL. The real shame here is that Adler’s was letting their main Rolex guy Adam make deals out of the back door for all of the hot models. He was clearly not interested in selling anything to actual enthusiasts and never wanted to bother selling anything else in the store. I’m sure he’s the reason they lost Patek and Cartier as well. He boasted about keeping his more expensive purchases of gold Patek and Rolex models off of the books so other employees couldn’t see his purchases. Good riddance.

Hopefully Rolex wises up to Lee Michaels’ antics of only promising in demand models in exchange for purchases of diamond jewelery and other slow sellers. Both managers and sales associates are very open about their quid pro quo policy. With this being the sales strategy for the remaining 1/2 of Rolex ADs in the area, it’s been very easy to lose all interest in Rolex as a brand.

Being from Louisiana, i can attest to ALL of this. Alders was a pompous group. They are exactly what I’ve grown to detest from ADs. Mr Coleman was a gentleman but the rest in there were worthless. As far as Lee Michaels, that will be curious to see being they have more locations (maybe 9). They are the Masters of getting your hopes up but are very nice about it. And yes they expect jewelry purchases to “offer” watches. The best of the best was Pauls Jewelry in Lafayette. Only thing Adlers was ever good for was they got me to quit wasting my time with ADs and buying grey to get what i want. Adios Adlers!

[watchwatcher]

I heard that. Indeed disheartening...one of my favorite places to visit in New Orleans.