Rolex Salespeople Buying Hot Watches For Themselves

[asiparks]

Originally Posted by noshake

McMillions theory again

More plausible, I'd argue, than the theory that everyone involved in retailing Rolex are saintly beyond reproach and untainted by temptation.

Seem most respondents in this thread are talking about SA's buying watches for their own use, which has nothing to do with the OP's post

[RJRJRJ]

Originally Posted by asiparks

More plausible, I'd argue, than the theory that everyone involved in retailing Rolex are saintly beyond reproach and untainted by temptation.

Seem most respondents in this thread are talking about SA's buying watches for their own use, which has nothing to do with the OP's post

It's not far off from thinking the SA has so much pull that they can get the hottest watches for people that have never done business with the AD. Good luck with the lies and promises they'll have to make to their manager or owner.

[Ensign]

Shady?

Sales people don’t earn a lot of money; in fact many hardly earn a living wage.

I wouldn’t blame them if they flipped a watch; it’s a luxury item, it’s not like it’s medication or baby’s formula.

I don’t think our current AD/grey dealer model will last forever. Once Rolex figures out how to combat greys (online sales or tracking buyers) and flippers won’t be able to milk this cow.

[OrangeSport]

Originally Posted by Ensign

Shady?

Sales people don’t earn a lot of money; in fact many hardly earn a living wage.

I wouldn’t blame them if they flipped a watch; it’s a luxury item, it’s not like it’s medication or baby’s formula.

Tend to agree

Could have rewritten the OP as “Low paid staff in dead end job seize chance to make some money as used prices skyrocket”

[RayRay89]

When I was getting my Sub-C sized. The salesman had a ceramic panda Daytona. I complimented it. He said “ thank you it took along time and a lot of hard work to get it”

[zengineer]

I don't see anything in the OP about an employee buying a watch for himself. I see an employee's sibling asking a friend to be the go between so that the employee can sell their sibling a watch even though they are prohibited from doing so.

Oh...boo hoo...ain't it awful!!! Seriously, of course this type of thing happens. Sales Advisors have varying degree of discretion in who they sell to depending on how each AD owner manages his business. When someone is given the power to decide who gets to buy a $40k watch for $15k there will be shenanigans. Friends of siblings, cousins of Grey Sellers, friends of friends. In some cases a SA is likely benefiting if they are channeling to Gret Dealers...or maybe just doing a sibling a favor. You can't stop it and shouldn't lose sleep over it.

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[Kenny Powers]

Presumably they have to give themselves their own address and details, only to throw it in the bin and never call themselves up.

[casadecamporolex]

At the discretion of the AD, a SA can make an inquiry of availability to Rolex for a personal use watch.
The order is processed with SA writing check directly to Rolex, and the watch must be engraved with SA’s name.
Doubtful in this day and time that allocated watches would be diverted to personal use.
RolexUSA does have rules about SA dress code……Rolex on wrist, Rolex tie or scarf on while on the sales floor.

[Rori]

Originally Posted by watchlover576

Came across this interesting post about a sneaky tactic Rolex salespeople may be using to buy hot watches themselves to sell on the gray market.



From a Reddit thread on r/scams:



"Buddy wants me to buy a Rolex with his money. Apparently, one of his sibling works at a a Rolex store but employees and their family members are not allowed to make any store purchases. So he wants me to open an Rolex Store account under my name, and he’ll give me the $9,500 to buy the watch."



If true, this seems awfully shady.

All personnel working at the Rolex Boutique I deal with wear Rolex of all sorry. Subs, Subs TT, DJ and Daytona.


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[bmrk]

Not sure how true this is though

[Yadi_Collector]

The local AD's in my area are super-professional, like earlier posts mentioned ties, older watches, well put together. They do have lists and people actually get watches.

The Tourneau near me, in the Westchester, is clearly a dump run by morons. They seemingly sell watches in-house or to friends, and there is absolutely no chance of any mere mortals getting anything. If the national company cared at all about their reputation or the Grey Market they would clean house!

Just my observations.

[GONZO2LR]

at a Ad in town, the Rolex SA owes a handful, he has been a SA for Rolex for 40 years, 3 of his Rolexes he has won in sales over the years....
i have been talking to him for a better part of those years....

[seosub]

My ad wears a model that's impossible for regulars to get - but its his store :)

He did tell me he waited a bit himself - forget what he said but I do remember it was much longer than I expected

I've only noticed one of his SAs with a Rolex and it's probably 15 years old - so I would assume a policy exists. Why wouldn't you as an SA wear watches that appreciate, especially if you understand the market. I'm sure its not easy for some people to part with $10k, but if you are trading $10k for something that's worth $20-30k it should be a no brainer if you have access.

[Driver8]

One of the SA's at one of the AD's I use, recently "picked up" a white 116500 Daytona after apparently "being on the list for a while".

I'm sure it was all TOTALLY above board, and I'm 100% convinced he's regularly been spending £50k-£100k a year in the store he works at!

[bluestreak]

I’ve got no problem with SAs being able to get their hands on watches much easier than the general public. If I’m an AD (or a Rolex), I want my salespeople wearing my product and not an Omega. Plus it’s a nice perk to help retain good employees that care about watches.

Honestly if I’m an AD, and I’ve got to sell the watch at MSRP, then I guess my first choice would be to sell it to someone who spends money.
But selling it to an employee to retain them is probably higher on my list than some random who walks into my shop to buy one watch and I’ll never see again.

[Laostuh]

Originally Posted by bluestreak

I’ve got no problem with SAs being able to get their hands on watches much easier than the general public. If I’m an AD (or a Rolex), I want my salespeople wearing my product and not an Omega. Plus it’s a nice perk to help retain good employees that care about watches.

Honestly if I’m an AD, and I’ve got to sell the watch at MSRP, then I guess my first choice would be to sell it to someone who spends money.
But selling it to an employee to retain them is probably higher on my list than some random who walks into my shop to buy one watch and I’ll never see again.

This. SA's deserve to be able to get watches too. I would limit those purchases if I were an AD but I'm not so who cares?!

[franklee168]

The nerve of people who work for a company that has an inside track to purchase. Horrible.

[bluestreak]

Originally Posted by franklee168

The nerve of people who work for a company that has an inside track to purchase. Horrible.

I’ve said it many times. The contempt people on here have for salespeople is amazing.

Literally every company on earth allows employees, especially longtime ones, access to product at a discount. But here we think that should be forgone because salespeople don’t deserve nice things.

[Scott_]

Originally Posted by bluestreak

I’ve said it many times. The contempt people on here have for salespeople is amazing.

Literally every company on earth allows employees, especially longtime ones, access to product at a discount. But here we think that should be forgone because salespeople don’t deserve nice things.

I didn't get a discount on company products when I worked for Lockheed Martin, but I guess that's different. :-)

But yes, I agree with you. Honestly, it would bother me if employees at an AD *didn't* have access to discounts.

[bluestreak]

Originally Posted by Scott_

I didn't get a discount on company products when I worked for Lockheed Martin, but I guess that's different. :-)

But yes, I agree with you. Honestly, it would bother me if employees at an AD *didn't* have access to discounts.

If you had wanted to buy a plane or a missile, I’m sure they would have knocked off 20 percent. #missedopportunities


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[FLGatorM5]

Originally Posted by bluestreak

If you had wanted to buy a plane or a missile, I’m sure they would have knocked off 20 percent. #missedopportunities


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Thank you. Have no idea what this thread is about… I just keep thinking about how awesome an employee discount would be at LMT.

[lenversducadran]

People working for Rolex in Switzerland have access to most of the models. What I know is that it's limited (1 every x year and it can only be bought either for you or someone from your direct family). In case you get caught selling it to someone else, it's a cause of getting fired.

For instance:
- a friend of mine just got her DJ 36 with the new blue dial like 6 months after release. -- another friend of mine is waiting of her SS Daytona (she had to wait 3 years to get it)

In order to get a rolex watch (for employee) you have to work a full year before ordering one, not sure about the discount but I believe you get a 30% more or less.

[Texex]

My SA just got a Batman after waiting for 2 years. Dude works hard working every weekend and deserves it. 14 years with the company and he has to wait 3 years to get his next.

[enjoythemusic]

I wish SpaceX would give an employee discount on Falcon rockets.

Have your planet-bound jet, I'm getting the fu.. off this crazy planet.

Unless the jet comes fully armed, if so I have an idea :)

[grimps]

If I worked in a Rolex AD I'd expect to be able to buy a watch at discount.
A few years ago the SA would always be wearing a nice Rolex in my local dealers , now they tend to wear a Sub , Datejust or Tudor while at work but I'm sure they still have a couple of nice pieces they wear away from work which I cant see a problem with

[Roli4life]

The SA I deal most w/ has worn either a Panda Daytona or other hot sports models every time I’ve seen him since 16. Doesn’t seem to have any trouble getting what he wants on his wrist.