UK Price increase imminent

[stevedssd]

Originally Posted by Runnin' Rebel

So if I fly over to UK and the 116610LVc is US 9450 I could get it for about 7270 UK pounds ?? If it's available?

More like £7,500 or there abouts from a Grey dealer not an AD

[Runnin' Rebel]

Originally Posted by Jacobson

Current UK list price for 116610LV is £6600. But I've not seen one @ an AD since about April 2016

Thanks

Is there any tax back at airport as you depart if not a U.K. Citizen? It's been a while since I've been there.

[Moggo]

Originally Posted by Runnin' Rebel

Thanks



Is there any tax back at airport as you depart if not a U.K. Citizen? It's been a while since I've been there.

Don't tell them, they keep buying all our watches! :)


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[Simon_e]

I have been delaying buying 4 watches due to time, following a heads up from Paul I bought 2 watches today, If prices don't go up it makes zero difference to me it just caused me to focus and get on with things.
It's been years since I have bought a new Rolex, it was a nice experience again.
After buying the watches I DON'T think a price increase is coming soon - I was offered a as daytona with black dial at list price today or a white dial next week at list. If a price increase was imminent then I feel these watches would be held back.

[OldOak]

Originally Posted by Simon_e

I have been delaying buying 4 watches due to time, following a heads up from Paul I bought 2 watches today, If prices don't go up it makes zero difference to me it just caused me to focus and get on with things.

It's been years since I have bought a new Rolex, it was a nice experience again.

After buying the watches I DON'T think a price increase is coming soon - I was offered a as daytona with black dial at list price today or a white dial next week at list. If a price increase was imminent then I feel these watches would be held back.

In the UK? 2 Daytonas as easy as that in a week?


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[Simon_e]

Originally Posted by AndyPhillips6

In the UK? 2 Daytonas as easy as that in a week?


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I was shown the July allocation and was informed that they are also told to hold back 1 ss daytona for VIP's who make a substantial purchase. Black dial available today or white dial next week. I am NOT a VIP, just a lucky watch collector with a little money who is choosing to buy some watches now.
I have a low post count here but Scooba can vouch I am genuine, been about for 20 years on different forums.
Pictures up as soon as the second watch arrives

[OldOak]

Originally Posted by Simon_e

I was shown the July allocation and was informed that they are also told to hold back 1 ss daytona for VIP's who make a substantial purchase. Black dial available today or white dial nect week. I am NOT a VIP, just a lucky watch collector with a little money who is choosing to buy some watches now.
I have a low post count here but Scooba can vouch I am genuine, been about for 20 years on different forums.
Pictures up as soon as the second watch arrives

I truly hope that all of the Daytona sales are not based on that. My local is only a small AD so I guess they are not going to get as many as the big boys but relatively I spend a lot of my money with them, ok not a £25k watch but a lot over the years, moonwatch, Sub, DJ 41 etc so I would be annoyed if one person came in and bought a gold sub and walked out with one when my name has been on the list for ever!


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[Simon_e]

Originally Posted by AndyPhillips6

I truly hope that all of the Daytona sales are not based on that. My local is only a small AD so I guess they are not going to get as many as the big boys but relatively I spend a lot of my money with them, ok not a £25k watch but a lot over the years, moonwatch, Sub, DJ 41 etc so I would be annoyed if one person came in and bought a gold sub and walked out with one when my name has been on the list for ever!


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That's the way it is now it seems. I went in the shop 2 months ago to ask about a deal on an 18k piece for my wife and what discount was available, after a brief chat minimal discount was available but a deal could be done on hard to get watches. I said I would think about it. I never had to buy an 18k watch before(I only usually buy 18k used) to get a daytona but times have changed and I wanted an 18k watch.
The manager knew I was a serious collector and that I could buy the 18k much cheaper elsewhere so we did a deal.

Personally I am glad that AD's are selling the watches to customers and not the grey market which used to be common. I still find it annoying that they don't just sell to anybody local.

[OldOak]

Originally Posted by Simon_e

That's the way it is now it seems. I went in the shop 2 months ago to ask about a deal on an 18k piece for my wife and what discount was available, after a brief chat minimal discount was available but a deal could be done on hard to get watches. I said I would think about it. I never had to buy an 18k watch before(I only usually buy 18k used) to get a daytona but times have changed and I wanted an 18k watch.

The manager knew I was a serious collector and that I could buy the 18k much cheaper elsewhere so we did a deal.



Personally I am glad that AD's are selling the watches to customers and not the grey market which used to be common. I still find it annoying that they don't just sell to anybody local.

Yes I fully agree. To be fair my AD said they are not selling to anyone they think will sell on or not wear. But I am in there every month for a coffee and but and service through them so thought I was a good customer! He knows the Daytona is my grail at the moment too so It would suck if he wasn't giving me a fair chance.


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[Simon_e]

Originally Posted by AndyPhillips6

Yes I fully agree. To be fair my AD said they are not selling to anyone they think will sell on or not wear. But I am in there every month for a coffee and but and service through them so thought I was a good customer! He knows the Daytona is my grail at the moment too so It would suck if he wasn't giving me a fair chance.


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I am sure you will get one. I was just trying to give my opinion on a price increase, the daytona comment was supposed to reinforce it. Not to annoy anyone. The more informed we are the better. It's been years since I bought new so I sought advice from friends.

[OldOak]

Originally Posted by Simon_e

I am sure you will get one. I was just trying to give my opinion on a price increase, the daytona comment was supposed to reinforce it. Not to annoy anyone. The more informed we are the better. It's been years since I bought new so I sought advice from friends.

Sorry for biting!! The green eyed monster comes out bad sometimes on this forum
Cheers.


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[Deepsea Blue]

Spoke to a trusted local AD and he no notification of a price increase on the horizon.

Hoping not as my Daytona C is fast looming my way.

[Director EDTF]

Nice collection!

[Runnin' Rebel]

I have a free 16710 box and papers shipping included for anyone except members who live in U.K.

[Moggo]

Originally Posted by Runnin' Rebel

I have a free 16710 box and papers shipping included for anyone except members who live in U.K.

Haha


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[Haywood_Milton]

There can be few members who would benefit more than I if there were a UK price rise, or who might have more to gain by creating any excitement that one might be imminent.

I am not expecting one.

One thing which should be made clear to those who keep raising it : the calendar timing of previous rises and the length of time since the last rise are absolute irrelevances.

A rise will likely take effect on the 1st of a month, most commonly when currencies (specifically GBP / SFr) and / or commodity prices have been at an insufferable level for any sustained period.

Haywood

[scooba]

Originally Posted by Simon_e

I have been delaying buying 4 watches due to time, following a heads up from Paul I bought 2 watches today, If prices don't go up it makes zero difference to me it just caused me to focus and get on with things.
It's been years since I have bought a new Rolex, it was a nice experience again.
After buying the watches I DON'T think a price increase is coming soon - I was offered a as daytona with black dial at list price today or a white dial next week at list. If a price increase was imminent then I feel these watches would be held back.

Hi Simon,

I love the picture of your wifes new 28mm DJ the diamond work on the dial looks stunning , Christ that was quick work I only mentioned this post Yesterday and said heads up . As you say it galvanised or brought the purchase into focus . I hope you both have time to enjoy the new watches as I know how busy you both are. Post me a Pic with the Mc12 in the back ground

[scooba]

Originally Posted by AndyPhillips6

I truly hope that all of the Daytona sales are not based on that. My local is only a small AD so I guess they are not going to get as many as the big boys but relatively I spend a lot of my money with them, ok not a £25k watch but a lot over the years, moonwatch, Sub, DJ 41 etc so I would be annoyed if one person came in and bought a gold sub and walked out with one when my name has been on the list for ever!


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Hi,

I have known Simon for many years, He must have 40 watches , He defo has done the deal. I have seen his wifes watch its bloody lovely 18k 28mm ladies dj with a beautiful diamond dial .

I was told by my AD who I have known for 25 yrs , Rolex are encouraging them to only try and sell hard to get pieces with a significant purchase, This defo falls into the category spelt out to me a Ladies 18k will allow you too buy a Ceramic 500 , I know what else S is working on so he will be back with another 500 shortly.

hth

[scooba]

Originally Posted by Haywood_Milton

There can be few members who would benefit more than I if there were a UK price rise, or who might have more to gain by creating any excitement that one might be imminent.

I am not expecting one.

One thing which should be made clear to those who keep raising it : the calendar timing of previous rises and the length of time since the last rise are absolute irrelevances.

A rise will likely take effect on the 1st of a month, most commonly when currencies (specifically GBP / SFr) and / or commodity prices have been at an insufferable level for any sustained period.

Haywood

I don't think any member would benefit more from a price increase H , Thats sort of why we ask you for advice "your connections" are always spot on.

[Deepsea Blue]

Still no news then

[Haywood_Milton]

The OP logged into the forum this morning, too.

Ho Hum.

[Haywood_Milton]

Originally Posted by WiganSteve

You'll all be saying how well I called it by weekend :-))

Which weekend?

[Devildog]

Originally Posted by hambone1983

over the last 2 years the pound sterling is down 15% vs USD and 21% vs the euro. Gotta adjust prices under those conditions

Originally Posted by hambone1983

the alternative is for there to be no inventory in the uk. Its a license to print money for sharp arbitrageurs

Originally Posted by AK797

It was a free for all last summer after the Pound plunged on the vote, and then once UK was cleared out, Rolex didn't fancy resupplying the UK at reduced profits when translated back into CHF, so they raised prices 10% last year but still didn't fancy the lower profits and high opportunity cost of supplying the UK over the EU or USA so they passed on supplying us again, and now after over a year of no/low supply we are in the surreal world of asking for a price rise to convince Rolex it is profitable to supply us once more, and that most sales will not be just to speculators.

Originally Posted by 904VT

Very true, the only currency Rolex wants right now outside of the Franc is the USD. Most others haven't held up too well against the CHF. I think Rolex was thinking the GBP would recover and didn't want to suffer translations in the meanwhile, but the longer this goes it's looking more like this is a structural shift in FX vs cyclical.

I'm not so sure

Its highly likely that Rolex SA will sell to its retail network accross europe in either Swiss Francs or Euros. If thats the case Rolex SA will make the same profit on every unit sold at a given price irrespective of what juristiction they are selling to.

Its the retail dealers who suffer a fall in margin if their local currency weakens against the manufacturers sale currency, and the retail dealers who also benefit from the upside if their local currency strengthens.

For as long as I can remember the UK has never been awash with SS Sports stock. Certainly when the pound has been strong it's not been that much better.

The US will be a massive market for Rolex compared to the UK. US dealers will shift many more watches and therefore Rolex will give them priority.

I don't believe Rolex SA in Geneva is withholding UK stock. It makes no sense for them to do that, financially or otherwise.

It does, however, make sense for Rolex retail dealers in the UK to sell to the grey market and to sell without discount (both of which we a seeing) because their margins are down due to their supply costs being comparatively high due to the weak sterling.

Add in the fact that the UK market is seen as the cheapest place to buy and you end up with the situation we are in now.

I fully suspect the UK AD network is pushing Rolex SA to increase UK prices, simply to get their margins up.

Originally Posted by AK797

It's the same thing really. Either front end or back end. If Rolex UK have to buy first from Geneva then their cost is 15-20% higher now and is eating into pretty much all the margin an AD makes, so either Rolex are offering them a discounted cost price, which means less profit for them, or UK Rolex and their ADs are declining to buy many new Rolexes as there is no profit to be made. Either way the currency fall means there is very low supply.

I would agree to a point Neil, however

Originally Posted by AK797

The 10% price rise last year meant AD's margins were improved so I feel they would want the stock, thus I think it is Rolex Geneva that are more reluctant to supply until prices and profits are more equal around the world.

I don't buy the theory that Rolex SA is artificially restricting supply to UK ADs.

If what we suspect is correct (in that UK dealers have to buy from Rolex in Swiss Francs or Euros) there's no sense in Rolex artificially restricting supply.

A fall in UK dealers margins due to currency value (which would support the premis that they do buy from Geneva in Francs or Euros) would normally be addressed by increase sales volume to sustain profitability.

Increased volume would be a win win for both Rolex and the AD's.

[dmash]

WiganSteve, where are you? At the minimum he'll be back with a humorous response

[dmash]

Originally Posted by No SUBctitute

So, if the Pound re-strenghtens back to <1.40 Euro to the Pound>, then I guess Rolex will drop the UK price by 20% to put UK back on par with the EU?

Seriously, though, raises based solely on currency fluctuations are annoying. If there aren't also price decreases when a currency gets strong again then we end up with more quickly rising prices.

No, definitely not

What will then happen, is that Rolex will implement ANOTHER price rise in another currency to match that. and it goes on and on and on and on. Then this way, people aren't saying 'oh Rolex is increasing prices for profit', people will say 'Rolex is increasing prices to match the currency rates.

[Shaky]

Prices all still look the same this morning !

I hear nothing on the horizon either.

[locutus49]

Certain European countries have pressured Rolex to limit Rolexes into the UK as revenge due to Brexit. Conspiracy theory or truth?

Originally Posted by Devildog

I'm not so sure

Its highly likely that Rolex SA will sell to its retail network accross europe in either Swiss Francs or Euros. If thats the case Rolex SA will make the same profit on every unit sold at a given price irrespective of what juristiction they are selling to.

Its the retail dealers who suffer a fall in margin if their local currency weakens against the manufacturers sale currency, and the retail dealers who also benefit from the upside if their local currency strengthens.

For as long as I can remember the UK has never been awash with SS Sports stock. Certainly when the pound has been strong it's not been that much better.

The US will be a massive market for Rolex compared to the UK. US dealers will shift many more watches and therefore Rolex will give them priority.

I don't believe Rolex SA in Geneva is withholding UK stock. It makes no sense for them to do that, financially or otherwise.

It does, however, make sense for Rolex retail dealers in the UK to sell to the grey market and to sell without discount (both of which we a seeing) because their margins are down due to their supply costs being comparatively high due to the weak sterling.

Add in the fact that the UK market is seen as the cheapest place to buy and you end up with the situation we are in now.

I fully suspect the UK AD network is pushing Rolex SA to increase UK prices, simply to get their margins up.




I would agree to a point Neil, however



I don't buy the theory that Rolex SA is artificially restricting supply to UK ADs.

If what we suspect is correct (in that UK dealers have to buy from Rolex in Swiss Francs or Euros) there's no sense in Rolex artificially restricting supply.

A fall in UK dealers margins due to currency value (which would support the premis that they do buy from Geneva in Francs or Euros) would normally be addressed by increase sales volume to sustain profitability.

Increased volume would be a win win for both Rolex and the AD's.

[904VT]

Originally Posted by Devildog

I'm not so sure

Its highly likely that Rolex SA will sell to its retail network accross europe in either Swiss Francs or Euros. If thats the case Rolex SA will make the same profit on every unit sold at a given price irrespective of what juristiction they are selling to.

Its the retail dealers who suffer a fall in margin if their local currency weakens against the manufacturers sale currency, and the retail dealers who also benefit from the upside if their local currency strengthens.

For as long as I can remember the UK has never been awash with SS Sports stock. Certainly when the pound has been strong it's not been that much better.

The US will be a massive market for Rolex compared to the UK. US dealers will shift many more watches and therefore Rolex will give them priority.

I don't believe Rolex SA in Geneva is withholding UK stock. It makes no sense for them to do that, financially or otherwise.

It does, however, make sense for Rolex retail dealers in the UK to sell to the grey market and to sell without discount (both of which we a seeing) because their margins are down due to their supply costs being comparatively high due to the weak sterling.

Add in the fact that the UK market is seen as the cheapest place to buy and you end up with the situation we are in now.

I fully suspect the UK AD network is pushing Rolex SA to increase UK prices, simply to get their margins up.




I would agree to a point Neil, however



I don't buy the theory that Rolex SA is artificially restricting supply to UK ADs.

If what we suspect is correct (in that UK dealers have to buy from Rolex in Swiss Francs or Euros) there's no sense in Rolex artificially restricting supply.

A fall in UK dealers margins due to currency value (which would support the premis that they do buy from Geneva in Francs or Euros) would normally be addressed by increase sales volume to sustain profitability.

Increased volume would be a win win for both Rolex and the AD's.

I'm not sure how this makes any sense. Rolex still incurs costs in Francs, including labor units. Sure, if they had a pile of cash (Francs) sitting around they could convert it to another currency and vice versa, but any translations back net nil.

Unless you're meaning that Rolex forces UK ADs to purchase (their agreed upon dealer cost) in unfixed CHF pricing? I'd find that highly unlikely given not the separate entity like Rolex USA, but I guess you never know.

[scooba]

I don't think Rolex is restricting the UK supply , The watches are flying out the stores , Them tourists love the bargains , due too weak sterling and VAT reclaim.

I was in Bond Street several weeks ago , A Chinese couple were buying some Cartier pieces and really struggled with the language barrier , and used there iPhone to check prices back home, The Cartier salesmen tried to suggest they use the stores wifi to speed things up , it was amusing to me how they were trying to get the deal done, but to be fair they got there and I assume they was all happy.

My local ad told me the EU dealers have had it good for years ,Its nice the shoe is now on the other foot. You can correct me if I am wrong but isn't the UK 🇬🇧 , the cheapest place to buy a Rolex at present.

[Shaky]

Scooba, yes it is the cheapest place in the world I believe without any discounts that may be had in other parts of the globe.