ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
22 September 2011, 12:19 PM | #1 |
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For those of you wondering "Why?" price increases....
Here is why. Global demand is UP. Including USA. Credit to WatchTime magazine.
Very interesting given economic times in USA right now. Given these stats, why not increase prices?! Side note: STILL HATE THE PRICE INCREASES. |
22 September 2011, 12:21 PM | #2 |
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Wow!!!
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22 September 2011, 12:29 PM | #3 |
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Wow!! is right.......
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22 September 2011, 12:29 PM | #4 |
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look at da percentage ..china was up almost 48%..scaryyyyy..didnt expect thailand to be up over 40% too..interesting...thanks for sharing...
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22 September 2011, 12:31 PM | #5 |
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Man oh man, this is crazy... dare I say "bubble"
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22 September 2011, 12:38 PM | #6 |
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It's hard to believe isn't it, on one hand you put on the news or read a newspaper and it's all financial doom and gloom and on the other people are spending up big on luxury watches. I guess that for everyone that loses money on a down turn someone else makes it.
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22 September 2011, 12:46 PM | #7 |
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The thailand figure surprised me. Might be lots of opportunity there based on growth figures.
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22 September 2011, 12:54 PM | #8 |
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The rich are getting richer, fact. There is opportunity all over the planet, but it takes a new perspective to extract success in such times.
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22 September 2011, 01:13 PM | #9 |
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Most say rolex is not a investment but with inflation your money is better spent in a rolex then sitting in a savings account.. In 2005 if you bought a sub for 3800 and put the same 3800 in the bank I bet you rolex would sell more then the 3800 made in the bank..
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22 September 2011, 01:16 PM | #10 |
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Better off putting your money into a high end watch than the stock market right now.
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22 September 2011, 01:19 PM | #11 |
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Gold.
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22 September 2011, 01:19 PM | #12 |
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It's Say's Law of economics.....the rich get richer, the poor get poorer (if remember my Samuelson)
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22 September 2011, 01:20 PM | #13 |
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Unbelivable !!
Thanks for sharing |
22 September 2011, 01:21 PM | #14 |
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What is the definition of "poorer" anyways? In the US, 50 years ago, somebody that was poor ate oatmeal everyday for breakfast, bread and cheese for lunch and peanut butter and jelly for dinner. Today, the poor get cable, free rent, free food (steaks), free healthcare. Nowadays, the rich pay more taxes and the poor bitch about not getting enough.
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22 September 2011, 01:24 PM | #15 |
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I think the figures for HK include a decent portion of indirect sales to China because Chinese tourists entering the crown colony for some shopping also snap up Rollys and other Swiss watches. So maybe sales to China might actually be much higher than the almost 48% growth shown by the article.
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22 September 2011, 01:28 PM | #16 |
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Someone with more knowledge than me please chip in, but I recently read on hodinkee or another site that swiss watchmakers may hold off on future increases because of some changes in currency regulation? Of course this was just speculation..
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22 September 2011, 02:55 PM | #17 |
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I have learned from experience not to believe what you read and certainly not to bank on what you read...magazines are in the business of selling magazines....'nough said..!
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22 September 2011, 11:49 PM | #18 |
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22 September 2011, 11:54 PM | #19 |
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Thanks for sharing.
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23 September 2011, 12:36 AM | #20 |
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I don't agree with that as a reason. Rolex is increasing their product strength by always increasing prices no matter what the economy is doing. And they are always working on reducing the possiblity of discounts.
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23 September 2011, 02:01 AM | #21 | |
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Quote:
Do you think we'd see these same multiple increases in a year if the numbers showed that high of percentages in the opposite direction??? Doubt it. They'd most likely sit on their hands, and have maybe 1-2 increases, not 7363839(sarcasm) of them like we are seeing now. |
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23 September 2011, 02:07 AM | #22 |
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Thank you for sharing that! Wow is right!!!
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23 September 2011, 07:17 AM | #23 | |
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There's lots of things I've read that I believe. Like the Bible for instace. |
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23 September 2011, 07:41 AM | #24 | |
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We are at the point where all true poverty in the world is through willful misapplication of political power. Feeding the world is no longer a challenge. |
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23 September 2011, 07:45 AM | #25 |
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Totally. 2.5 decades of wealth shuffling upward to the main market buyers of these watches, i.e. the already rich, and this is the inevitable result. It's just math.
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23 September 2011, 07:54 AM | #26 | |||
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Quote:
Quote:
Quote:
As for the definition of "poor," the poverty level for 2011 is $22,350 (total yearly income) for a family of four. How much blood do you expect to extract from such a stone? |
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23 September 2011, 10:43 AM | #27 | |
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Quote:
Here's a real chart from the IRS. Pay close attention to the part that says the bottom 50% pay 2.7%. |
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23 September 2011, 11:07 AM | #28 |
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Is this report true?
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23 September 2011, 11:38 AM | #29 |
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Okay boys, enough politics. Let's stick to Rolex watch talk.
The rich have been shafting the poor since the beginning of time. End of debate. |
23 September 2011, 11:44 AM | #30 |
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Not true.. Our economy (us) was doing really well during the Clinton era and carried over to the beginning of the bush era (be4 he made a mess of it) and if you look rolex did not have one price increase from 1996-2004. And then since 2004 they had a price increase almost every year.. From 1990 - 2003 rolex had 2 price increases and from 2003-2010 the had 7!!
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