Selfridges offering bundles to walk ins!

[Willyjo]

Originally Posted by RCorsa

In London now I’ll swing by and see if true

Keep us posted!


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[VogelPhoenix]

Originally Posted by RCorsa

In London now I’ll swing by and see if true

[Noobftw]

Pragnell in Mount street also does bundling but they are very greedy, however may worth a shot

[EssexRolex95]

Originally Posted by Noobftw

Pragnell in Mount street also does bundling but they are very greedy, however may worth a shot

Hello

I’ve recently visited Mount Street and had a nice chat, didn’t get onto anything too much in detail.

What was your experience if you don’t mind me asking? Was it their jewellery?

Thanks

[RCorsa]

So the OP post is absolutely BS Just left Selfridges - Not only did they have NO PM watches Available except a ladies two tone datejust but they have no Professional models either. I spent about 20 min chatting with the AD about the market. He said used is way slower but new watches are still hard to get. They have several used watches all at high prices through the new Rolex pre-owned program with 2 year warranty but they were all silly prices

[Mr Package]

Originally Posted by RCorsa

So the OP post is absolutely BS Just left Selfridges - Not only did they have NO PM watches Available except a ladies two tone datejust but they have no Professional models either. I spent about 20 min chatting with the AD about the market. He said used is way slower but new watches are still hard to get. They have several used watches all at high prices through the new Rolex pre-owned program with 2 year warranty but they were all silly prices

YMMV

[Swearengen]

So no surprise there then

The OP is on 4 posts, will he make it to 10?

Originally Posted by RCorsa

So the OP post is absolutely BS Just left Selfridges - Not only did they have NO PM watches Available except a ladies two tone datejust but they have no Professional models either. I spent about 20 min chatting with the AD about the market. He said used is way slower but new watches are still hard to get. They have several used watches all at high prices through the new Rolex pre-owned program with 2 year warranty but they were all silly prices

[afjag256]

Seems a bit like car dealers still asking for market adjustments over MSRP. Still trying to catch the few remaining suckers out there.

[Noobftw]

Originally Posted by EssexRolex95

Hello

I’ve recently visited Mount Street and had a nice chat, didn’t get onto anything too much in detail.

What was your experience if you don’t mind me asking? Was it their jewellery?

Thanks

yes they'd prefer to bundle with their jewelleries, and if in points terms, buying a £10k jewellery will be worth 20k points on your spend history whereas a £10k non-rolex/patek/in demand watch spend will land you 10k points instead.

a watch such as the PP 5980/1R you'd need to bundle approx. £80k jewelleries.

They've recently expanded their shop into next door space and had taken on a lot of ex-Wempe SAs since they closed down business in old Bond street. I do enjoy attending their PP and Rolex events from time to time but haven't really bought many from them these past few years due to their ridiculous bundling demand.

[EssexRolex95]

Originally Posted by Noobftw

yes they'd prefer to bundle with their jewelleries, and if in points terms, buying a £10k jewellery will be worth 20k points on your spend history whereas a £10k non-rolex/patek/in demand watch spend will land you 10k points instead.

a watch such as the PP 5980/1R you'd need to bundle approx. £80k jewelleries.

They've recently expanded their shop into next door space and had taken on a lot of ex-Wempe SAs since they closed down business in old Bond street. I do enjoy attending their PP and Rolex events from time to time but haven't really bought many from them these past few years due to their ridiculous bundling demand.

Thanks for this!

Would you say that they are quite open? I am going to go back soon and maybe try and usher the conversation that way?

[Noobftw]

Originally Posted by EssexRolex95

Thanks for this!

Would you say that they are quite open? I am going to go back soon and maybe try and usher the conversation that way?

I think they'd be happy to have that conversation with you. The SA gets more commissions by selling jewelleries, less in demand watch products.

As a heads up, they know the 2nd hand market very well, so say if you wish to buy a sub that can be flipped for +5k on the grey market, they'd expect you to make a bundling purchase of jewellery or watches in that price region.

[Harry-57]

Originally Posted by shammad10

Yes I can, Harry. I took some pics as I was so surprised to see things for sale.

Nice. Thank you for that.

[cglondon]

Originally Posted by Ten Ten & 32

It’s not just high end PM pieces that’s are slow sellers currently.

I had a Tudor AD call yesterday asking if I was still interested in the new white dial GMT

I must have ‘registered an interest’ when it was first released back at Watches & Wonders.

I’d forgotten about it actually, but cut to the chase

He said he’d called nearly everyone on the list & got pretty much the same reply

‘It’s not the right time currently’ or similar excuses.

That’s a list of £3,590 UK Sterling,so if they are struggling to shift those then £30k to £80k watches may take a little longer lol


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Was in Bluewater yesterday. All the usual AD’s had plenty of stock. New Opaline dial GMT, both the white and black chronos, 39mm Pelagos. Walked past Watchfinder and there wasn’t a single person in there. Just employees tapping away on their laptops.


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[cglondon]

Originally Posted by TheRtHonA

You summed it up, only thing to note is that most mortgages at 2-5 year fixed so the roll off in the next 12-18 months will be steep. Numerous of my colleagues have fixed rate deals <1.5% expiring and the new rate will be 4-6% (depending on LTV). When interest rates change that rapidly you need to delever versus buying gold watches. In addition inflation is soaring, childcare costs are high, foreign holidays are much more expensive etc etc. The pool of available buyers has diminished rapidly.

100% correct.

The cost of childcare in the UK is the highest in the world.

For some context and to add to the conversation, I pay £800 a month for my 2 year old to go nursery for 2.5 days a week.

That’s basically the same cost as my mortgage.

The UK has been hammered, food shopping has shot up around 40%.

Teachers are on strike currently, the unions want a 33% pay increase.


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[Cwall12345]

It doesn’t seem out of the world to me. One of my colleagues sources his watches through a dealer that will routinely sell him desirable SS models but he has to purchase a non-Rolex PM piece as well.