Not news for us aficionados. Nonetheless interesting.

[inadeje]

I apologize if this has been previously posted since Jan 4th, I couldn’t find it during a search.

We already knew the premise of the story, but the narrative is nonetheless interesting



https://robbreport.com/style/watch-c...es-1234791240/

[Mifune]

Let me properly format this for the helpless...

Rolex Has Raised the Prices of Its Watches in the US and the UK: Report
The Swiss watchmaker has increased prices in its US and UK markets by about 2.5 percent.

New year, new Rolex price tags.

The Swiss watchmaker has now increased prices in the US and UK markets by an average of roughly 2.5 percent in 2023, according to analysts at Barclays. Timepieces from the brand in UK boutiques have reportedly seen an average price hike of about 2.6 percent, while costs in the US trail closely behind at an increase of around 2.2 percent. Retailers carrying stock such as Watches of Switzerland, the biggest Rolex distributor in the UK, will greatly benefit from the hikes, as the dealer makes half of its revenue from the company, reported Business of Fashion.

[SLWoodster]

Damn. WoS for sure are getting massive allocations, selling $740m of Rolexes in a fiscal year.

[inadeje]

Originally Posted by SLWoodster

Damn. WoS for sure are getting massive allocations, selling $740m of Rolexes in a fiscal year.

And people still think that WOS, both in UK and US (via Mayors) don’t have very deep pockets to enter the CPO sphere and snap up 10s of thousands of watches from the preowned market?

I still say that when this commences it’ll be the single biggest change in our hobby over the past few decades. Also, a huge conundrum for grey market dealers in both nations.

[ltmgeller]

:omg:

[mountainjogger]

Originally Posted by ltmgeller

:omg:

[FrankNYC]

Interesting indeed