50% deposit at an AD

[Chiboy]

Originally Posted by Extract0r

C. D. Peacock was established in 1837, survived the great Chicago fire, the great depression, subprime crisis and the corona shutdown. They have 3 authorized dealers in Chicagoland, so chance of them going under is pretty slim in estimation.

I have never bought anything from C. D. Peacock. I bought my first Rolex, the Submariner, last year from Razny but the SA there flat out told me that he won’t sell me any more Rolexes unless I buy jewelry from him. So I need to find a new AD.

FWIW, I've lived in Chicagoland since 1987 and my recollection is that Peacock went out of business in the last 20 years or so and the name was bought by someone else. I don't think they have the 85 year continuous history that the above was implying.

On the OP's question, this was my experience:

https://www.rolexforums.com/showthread.php?t=644939

No harm done with my 50% deposit (which had to be by check), but no gold at the end of the rainbow either.

As many have said, with virtually all pieces selling pretty much instantly, there's no financial risk taken by the AD when they take your order. Also, 50% of retail is about 80% of their cost, so it's pretty egregious to demand that much upfront.