Daytona finally arrived! but...

[yxc145]

I live in Chicago, but my family are in Taiwan. Beginning of this year, I asked my brother to put his name on the list for a ceramic Daytona at a authorized dealer where we have bought a few watches from.
My brother called me this morning saying a lady at the dealer said they just got a black dial Daytona in and we are on top of the list. Even though white dial is my first choice, I would take a black one any day. I immediately asked my brother to contact the lady and told her we will pay a deposit over the phone to hold it and will pick it up the next day.
MSRP in Taiwan is about NT400,000 (USD 13,000). My brother asked if 20% deposit is enough. She said sure, that would be NT100,000 (USD 3600). That's when my brother asked the question, "how much is it?" The lady responded "sticker price is NT400,000, we are selling it for NT500,000".

I told him to tell her we are not interested. But I was pretty upset. At least in US, the dealers do not overcharge.

[FlexxJr]

I thought ADs weren’t able to sell above MSRP...

[tng11]

Originally Posted by FlexxJr

I thought ADs weren’t able to sell above MSRP...

Pretty common in Asia for ADs to do that. Sucks for their loyal customers.

[yxc145]

Originally Posted by FlexxJr

I thought ADs weren’t able to sell above MSRP...

In Taiwan, they do. But I thought that's if you want it immediately. I thought if we put our name on the list and wait patiently, it will be the sticker price like ROLEX suggested, when our time comes. We were wrong. those greedy dealers....

[FlexxJr]

Originally Posted by yxc145

In Taiwan, they do. But I thought that's if you want it immediately. I thought if we put our name on the list and wait patiently, it will be the sticker price like ROLEX suggested, when our time comes. We were wrong. those greedy dealers....

Right I get paying above retail to avoid the wait, but why wait and over pay. Good move on passing..

[doboy007]

Bastards!

[SG56]

I'm sorry to hear that, but good for you to deny it.
Paying their price just enables them.

[Al1969]

Originally Posted by yxc145

In Taiwan, they do. But I thought that's if you want it immediately. I thought if we put our name on the list and wait patiently, it will be the sticker price like ROLEX suggested, when our time comes. We were wrong. those greedy dealers....

So much for establishing a “relationship” with that AD. Goes to show there’s no customer loyalty.

Hey, it’s probably still lower than gray market. I see some GD’s prices are climbing and now asking about 50% OVER MSRP!

[Alexwwjd]

Really bad that they try to do that. They say they are not allowed to offer discounts... so they should not be allowed to charge over MSRP.


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[jrs146]

Yeah that’s very disappointing! Sorry about that my friend.


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[fidd]

TWD 500k is equal to grey market price in Singapore!!

[Allanmodel]

What a shame on the AD~~

Sorry to heard that~~

[armen34]

It's Taiwan

[sensui]

Sorry but this is not news in Asia, the next person on the list would probably happily buy it. No loss for the AD.

[meganfox17]

Originally Posted by yxc145

MSRP in Taiwan is about NT400,000 (USD 13,000)we are selling it for NT500,000" But I was pretty upset

1st time Sweetheart? Major Bummer!My AD in Malaysia has a BNIB Black 116500 right now and the Pr**k is asking 19 grand !

[Forum-Dweller]

Make sure you tell them they're never going to see another cent from you again.

[Therolexlogin]

I was just in taiwan two weeks ago. Thought I’d try my luck while I was there to look for a white dial Daytona. Called AD’s all the way from Taipei down to Kaohsiung. That’s how much AD’s sell them for $498000NTD. Everyone in line pays that price. If your turn comes and you pass up on it the next person will gladly pick it up. Found a grey market shop selling one for $565000NTD. PCHOME website at the time had two sellers both asking $628000NTD for theirs.

[Gaijin]

Super lame of them.

[jw0n]

I think most ADs in Asia sell popular steel models for above retail. A supposed clampdown was reported in SG earlier this year, but I do not know if this was thoroughly enforced. Sucks, but if it is any consolation, the ask price here where I am is higher than what you'd be paying.

[tng11]

Originally Posted by jw0n

I think most ADs in Asia sell popular steel models for above retail. A supposed clampdown was reported in SG earlier this year, but I do not know if this was thoroughly enforced. Sucks, but if it is any consolation, the ask price here where I am is higher than what you'd be paying.

Or the ADs just backdoor the SS sports models into the grey market.

[padi56]

Originally Posted by FlexxJr

I thought ADs weren’t able to sell above MSRP...

On the Rolex web site it clearly states all prices are Rolex's suggested retail price inclusive of V.A.T.So in theory they could charge what they like which unfortunately some do simple answer walk away and do not pay.

[brandrea]

Originally Posted by Gaijin

Super lame of them.

Yep

[AK797]

No country for Rolex men.

[be.nch]

When I was in Taipei in March, I saw a white 116500 in a AD display, still with all protection stickers... Of course the price tag was about 550000TWD. This looks to be quite usual in Taiwan for "rare" models

[Gtecko]

that is quite the disappointment ... worst part is that someone will pay that overprice because of how often those Daytona show up ...
you' ll find a better deal !

[Mezz72]

what makes everyone think the next guy in line with pick it up?
u may already be the number xx guy down the line who turned it down.
reaaaallllly think u r the first one they called?

[LAFLARE]

Originally Posted by AK797

No country for Rolex men.

I must watch too much tv/movie because I keep catching all these movie references you make

[LAFLARE]

Disappointing to hear that it's like this in Taiwan

[yxc145]

Originally Posted by meganfox17

1st time Sweetheart? Major Bummer!My AD in Malaysia has a BNIB Black 116500 right now and the Pr**k is asking 19 grand !

well, I thought that is the price if you want one right away and they "source" it for you from another dealer and you pay a premium for it. I didn't know that you still have to pay a premium when you are on the waiting list. That's just messed up.

[hulkalicious]

Talk about being on cloud 9 then shot down