ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

vh2k · 21 March 2021, 06:42 AM

Govberg/Watchbox says Rolex has increased shipments to ADs — even of sports models. Rolex isn’t holding back anything. No artificial shortage. Strength in the secondary market creates more demand through authorized dealers... and the cycle perpetuates itself.

There is an insatiable global desire and demand for Rolex.

Go to 1:50

https://youtu.be/4MaVV664Ot4?t=110s

salmanhamid · 21 March 2021, 06:45 AM

Link don't work mate!

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ChipotleBanana · 21 March 2021, 06:48 AM

Ask any AD and they'll say the same. The only point of contention is this forum not understanding that demand is real. AD's have a hard time balancing new customers and pre-existing customers.

Master_Grogu · 21 March 2021, 06:50 AM

Rolex can make 1 million 126710BLRO, it still won’t be enough. There are billions of us. If a company like apple, which has the full force of China manufacturing behind them, is unable to meet demand, Rolex stands zero chance either.

lewahooligan · 21 March 2021, 07:05 AM

Yup. It has been a demand problem for several years now. 2017-ish?

Temporary COVID supply issues just exacerbated existing supply/demand imbalances.

nocaps · 21 March 2021, 07:15 AM

there's no shortage of new rolex watches. there's a shortage of watches at suggested retail price.

garyk · 21 March 2021, 07:16 AM

Demand is off the charts...

Brew · 21 March 2021, 07:20 AM

Ground Hog Day!

kieselguhr · 21 March 2021, 07:43 AM

Some people cope better if they have something to focus their frustration on. A scapegoat, be it unethical ADs, Rolex conspiracy, or evil grey dealers is easier for them to swallow than something simple like supply and demand.

Krash · 21 March 2021, 07:55 AM

It’s demand. Not supply. Always has been.

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garyk · 21 March 2021, 08:04 AM

Quote:

Originally Posted by kieselguhr

Some people cope better if they have something to focus their frustration on. A scapegoat, be it unethical ADs, Rolex conspiracy, or evil grey dealers is easier for them to swallow than something simple like supply and demand.

So true.

Deepseadog · 21 March 2021, 08:06 AM

Is Mike back in Philly?

enjoythemusic · 21 March 2021, 08:16 AM

Yup, all demand driven. Been an enthusiast for decades, never seen it THIS crazy. Other than they typical hot Daytona, all was available. I got discouhts on the PP Aqua.

EEpro · 21 March 2021, 08:19 AM

It's sound like they are pointing out that the secondary resale market is the demand. They are bought to sell.

Fleetlord · 21 March 2021, 08:29 AM

It’s Certainly BOTH a supply and demand issue. Rolex states so themselves.

Straight off Rolex.com FAQ:

How can I check the availability of a watch?

Please contact your nearest Official Rolex Retailer. They are best suited to advise you on selecting a Rolex watch. They can provide you with information on the availability of Rolex watches in your region.

All Rolex watches are assembled by hand with the utmost care to ensure exceptional quality. Such high standards naturally restrict our production capacity and, at times, the demand for our watches outpaces this capacity. Therefore, the availability of certain models may be limited

Danny83 · 21 March 2021, 08:31 AM

I bet he keeps all the cool stuff

TswaneNguni · 21 March 2021, 08:38 AM

If you have one apple and you have 100 buyers.How many buyers will not get an apple ?

This is nursery school stuff .Its really very simple to understand.

Fleetlord · 21 March 2021, 08:39 AM

Quote:

Originally Posted by Danny83

I bet he keeps all the cool stuff

Especially Journe. Buy up the market and control the secondary pricing. They have been doing it for sometime now.

jackminny15 · 21 March 2021, 08:57 AM

Quote:

Originally Posted by TswaneNguni

If you have one apple and you have 100 buyers.How many buyers will not get an apple ?

This is nursery school stuff .Its really very simple to understand.

Except I don't think that's what he's saying. It sounds like he's saying there are 75 apples, but they are being sold to 10-20 people, who are in turn selling those in-demand apples to apple resellers, which is where the other 80-90 people have to turn to get their apples.

rolexnyc718 · 21 March 2021, 08:57 AM

He’s back in philly with the same blue jacket and shirt!

Ichiran · 21 March 2021, 09:26 AM

Totally consistent with what my AD said.

Also read this article from NYT that talks about demand from China.
https://www.nytimes.com/2021/01/14/f...rt-leader.html

drfrankenstein · 21 March 2021, 09:29 AM

Quote:

Originally Posted by Master_Grogu

Rolex can make 1 million 126710BLRO, it still won’t be enough. There are billions of us. If a company like apple, which has the full force of China manufacturing behind them, is unable to meet demand, Rolex stands zero chance either.

Link to Apple not fulfilling demand for a prolonged period of time?

jlovda · 21 March 2021, 10:09 AM

Quote:

Originally Posted by Ichiran

Totally consistent with what my AD said.

Also read this article from NYT that talks about demand from China.
https://www.nytimes.com/2021/01/14/f...rt-leader.html

Reporters like to talk to people in the industry. I could not find a single mention of Rolex in the article. They talk to no one.

JonaG · 21 March 2021, 10:21 AM

Quote:

Originally Posted by Deepseadog

Is Mike back in Philly?

Lol. He’s always back in Philly. And the first 30secs of each market wrap, I have no clue what the hell he’s talking about

johnliley · 21 March 2021, 10:21 AM

Quote:

Originally Posted by Deepseadog

Is Mike back in Philly?

that's too funny. That's where he keeps the blue shirt and sport coat. ;)

GEO_79 · 21 March 2021, 10:25 AM

Quote:

Originally Posted by vh2k

Govberg/Watchbox says Rolex has increased shipments to ADs — even of sports models. Rolex isn’t holding back anything. No artificial shortage. Strength in the secondary market creates more demand through authorized dealers... and the cycle perpetuates itself.

There is an insatiable global desire and demand for Rolex.

Go to 1:50

https://youtu.be/4MaVV664Ot4?t=110s

A few years ago I bought a steel sub and a an explorer 2 from the AD , both were sitting on the shelf. There was no demand a few years ago? People discovered Rolex in the last 2-3 years? Let me tell you something: Artificial shortage!

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Wrist King · 21 March 2021, 10:28 AM

Interesting. What is Govberg? Do they know ?

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prnceofpersia23 · 21 March 2021, 10:29 AM

Quote:

Originally Posted by Deepseadog

Is Mike back in Philly?

Haha he's back in Philly so often that I don't really believe he ever actually left!

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slfkjasldfj · 21 March 2021, 10:32 AM

Quote:

Originally Posted by GEO_79

A few years ago I bought a steel sub and a an explorer 2 from the AD , both were sitting on the shelf. There was no demand a few years ago? People discovered Rolex in the last 2-3 years? Let me tell you something: Artificial shortage!

Although I see your line of reasoning I think that the speculative demand on Rolexes as investments really spiked after the Paul Newman Daytona sold for $17M.

I think that there are now a ton of people who are buying Rolex Sport models because they think of it as a way to either wear for "free" for a couple years or even make money. This is in contrast to people who would buy a Rolex with no regard for the resale value because they wanted to own it for all time.

Wrist King · 21 March 2021, 10:45 AM

I’ve been doing some digging. Does anybody know if Govberg the jewellers is in any way linked to Dan Govberg of Watchbox?

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21 March 2021, 06:42 AM	#1
vh2k "TRF" Member Join Date: Jun 2020 Location: USA Posts: 3,018	“Not a Supply Issue / There is NO Shortage” Says Govberg Govberg/Watchbox says Rolex has increased shipments to ADs — even of sports models. Rolex isn’t holding back anything. No artificial shortage. Strength in the secondary market creates more demand through authorized dealers... and the cycle perpetuates itself. There is an insatiable global desire and demand for Rolex. Go to 1:50 https://youtu.be/4MaVV664Ot4?t=110s

21 March 2021, 07:16 AM	#7
garyk 2024 Pledge Member Join Date: Oct 2009 Real Name: Gary Location: USA Watch: Daytona Posts: 11,758	Demand is off the charts... __________________

21 March 2021, 08:16 AM	#13
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 21,207	Yup, all demand driven. Been an enthusiast for decades, never seen it THIS crazy. Other than they typical hot Daytona, all was available. I got discouhts on the PP Aqua. __________________ __________________ ----> Was Great Seeing Everyone At The TRF December 9 Tampa Meetup <---- https://www.rolexforums.com/showthread.php?t=968133 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory.

21 March 2021, 08:19 AM	#14
EEpro 2024 SubLV41 Pledge Member Join Date: Apr 2019 Real Name: Brad Location: Purdue Watch: Daytona Posts: 9,243	It's sound like they are pointing out that the secondary resale market is the demand. They are bought to sell. __________________ ♛ ✠ Ω 2FA Active

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21 March 2021, 06:45 AM	#2
salmanhamid Banned Join Date: May 2020 Location: GB Posts: 102	Link don't work mate! Sent from my SM-G986B using Tapatalk

21 March 2021, 06:48 AM	#3
ChipotleBanana "TRF" Member Join Date: Nov 2017 Location: Somewhere West Watch: Rolex/Omega/Patek Posts: 208	Ask any AD and they'll say the same. The only point of contention is this forum not understanding that demand is real. AD's have a hard time balancing new customers and pre-existing customers.

21 March 2021, 06:50 AM	#4
Master_Grogu Banned Join Date: Dec 2020 Location: Tokyo Posts: 969	Rolex can make 1 million 126710BLRO, it still won’t be enough. There are billions of us. If a company like apple, which has the full force of China manufacturing behind them, is unable to meet demand, Rolex stands zero chance either.

21 March 2021, 07:05 AM	#5
lewahooligan "TRF" Member Join Date: Jul 2019 Real Name: Peter Location: D.C. Metro Area Watch: 116710LN Posts: 95	Yup. It has been a demand problem for several years now. 2017-ish? Temporary COVID supply issues just exacerbated existing supply/demand imbalances.

21 March 2021, 07:15 AM	#6
nocaps "TRF" Member Join Date: Jan 2018 Real Name: victor Location: silicon valley Watch: platona 2x bark dd Posts: 302	there's no shortage of new rolex watches. there's a shortage of watches at suggested retail price.

21 March 2021, 07:20 AM	#8
Brew "TRF" Member Join Date: Mar 2018 Real Name: Larry Location: Finger Lakes Posts: 6,007	Ground Hog Day!

21 March 2021, 07:43 AM	#9
kieselguhr "TRF" Member Join Date: May 2013 Real Name: Nick Location: Las Vegas Watch: 1601 Posts: 10,623	Some people cope better if they have something to focus their frustration on. A scapegoat, be it unethical ADs, Rolex conspiracy, or evil grey dealers is easier for them to swallow than something simple like supply and demand.

21 March 2021, 07:55 AM	#10
Krash 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Jan 2018 Location: Florida Watch: Sub, DJ41, GMT Posts: 8,272	It’s demand. Not supply. Always has been. Sent from my iPhone using Tapatalk

21 March 2021, 08:06 AM	#12
Deepseadog Banned Join Date: Nov 2020 Location: Stowe, Vermont Watch: 126660 279160 Posts: 301	Is Mike back in Philly?

21 March 2021, 08:29 AM	#15
Fleetlord 2024 Pledge Member Join Date: May 2013 Location: Vain Posts: 6,025	It’s Certainly BOTH a supply and demand issue. Rolex states so themselves. Straight off Rolex.com FAQ: How can I check the availability of a watch? Please contact your nearest Official Rolex Retailer. They are best suited to advise you on selecting a Rolex watch. They can provide you with information on the availability of Rolex watches in your region. All Rolex watches are assembled by hand with the utmost care to ensure exceptional quality. Such high standards naturally restrict our production capacity and, at times, the demand for our watches outpaces this capacity. Therefore, the availability of certain models may be limited

21 March 2021, 08:31 AM	#16
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,314	I bet he keeps all the cool stuff

21 March 2021, 08:38 AM	#17
TswaneNguni "TRF" Member Join Date: Feb 2008 Real Name: Chris Location: . Watch: Daytonas/Subs/GMTs Posts: 12,609	If you have one apple and you have 100 buyers.How many buyers will not get an apple ? This is nursery school stuff .Its really very simple to understand.

21 March 2021, 08:57 AM	#20
rolexnyc718 "TRF" Member Join Date: Mar 2020 Location: New York Posts: 149	He’s back in philly with the same blue jacket and shirt!

21 March 2021, 09:26 AM	#21
Ichiran 2024 Pledge Member Join Date: Jan 2018 Real Name: Michael Location: Near beach Watch: PB1967 Posts: 8,165	Totally consistent with what my AD said. Also read this article from NYT that talks about demand from China. https://www.nytimes.com/2021/01/14/f...rt-leader.html

21 March 2021, 10:28 AM	#27
Wrist King "TRF" Member Join Date: Jan 2019 Location: Hong Kong Watch: 16610 Sub, 16710 P Posts: 333	Interesting. What is Govberg? Do they know ? Sent from my iPhone using Tapatalk

21 March 2021, 10:45 AM	#30
Wrist King "TRF" Member Join Date: Jan 2019 Location: Hong Kong Watch: 16610 Sub, 16710 P Posts: 333	I’ve been doing some digging. Does anybody know if Govberg the jewellers is in any way linked to Dan Govberg of Watchbox? Sent from my iPhone using Tapatalk

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