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8 March 2010, 08:53 PM | #1 |
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Can a ad raise the retail price?
Yesterday I went into an ad in downtown Manhanttan, they have a sea-dweller in the display, and I asked the sales lady how much it go for, and she told me the retail price on the watch is $7000 and wouldn't take a penny off.
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8 March 2010, 08:58 PM | #2 |
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Was it a brand new old style Seadweller? If it was preowned they can ask any price they want. I'm not sure about new though.
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8 March 2010, 09:05 PM | #3 |
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They can not sell a new watch above retail.
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8 March 2010, 09:07 PM | #4 |
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8 March 2010, 09:09 PM | #5 |
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Great sales technique...
Cheers
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8 March 2010, 09:20 PM | #6 |
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8 March 2010, 09:22 PM | #7 |
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Not Surprised...
the watch has been there since Dec last year. Not sure if anyone willing to pay 7K for it
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8 March 2010, 10:30 PM | #8 |
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It's brand new with all the protective plastic still on, and I told her the list price should be $6400. She then took out th current price list because that is a discountinued model, so the watch is not on the list , and she insist the correct price is $7000.
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9 March 2010, 12:03 AM | #9 |
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Once a discontinued model drops out of the catalog, is there still an official list price (the last published list price)?
I don't know the policy but it sounds like this AD thinks not. |
9 March 2010, 02:06 AM | #10 |
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It sounds more like this AD doesn't really follow rules and does a lot of assumptions rather than provide accurate figures. This could get them into trouble real quick.
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9 March 2010, 02:15 AM | #11 |
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I have seen AD's charge over MSRP for popular models...
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9 March 2010, 02:18 AM | #12 |
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I have experienced a lot more "flexibility" from AD to AD than you might suspect according to Rolex's rules of the book!
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9 March 2010, 02:19 AM | #13 |
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Try talking to a different person there.
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9 March 2010, 05:15 AM | #14 |
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I would call RolexUSA and ask them about this specific watch and AD and see what happens.
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9 March 2010, 05:20 AM | #15 | |
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Quote:
They may not know the rules or maybe their view is; " It ain't a crime if you don't get caught".
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9 March 2010, 05:23 AM | #16 |
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Yeah inquire about it to rolex and if they investigate the AD might be in trouble
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9 March 2010, 05:25 AM | #17 |
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Most Dealers are retailers who have a contract to carry the Rolex product..
They do not work for Rolex and don't have to follow any Rolex policy except what they have contracted to do to carry the product. Most of that language is about no on-line or phone sales, certain advertising requirements and displays, and not to undercut other product line carriers.. which is directed mostly at discounting so that Rolex doesn't become a "discount special".. Rolex won't do anything about a Dealer who has a price above MSRP..
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9 March 2010, 06:09 AM | #18 |
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buy the SD from some other AD - they are still around.
I couldn't pay MSRP for a Rolex, AND add NYC tax on top of it!!! |
9 March 2010, 06:54 AM | #19 |
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Policy might vary by country, but in Canada AD's have some leeway. "The retail prices are suggestions only, jewellers may sell for less"
Or more, if you remember when AD's were charging a premium for SS Daytona's.
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9 March 2010, 06:59 AM | #20 |
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The watch has been there since Dec last year. Not sure if anyone willing to pay 7K for it. Sounds about $700, more than it should be. Shop around some more.
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9 March 2010, 08:20 AM | #21 |
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If it were me, I will hunt one down, with good pricing.
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9 March 2010, 08:44 AM | #22 | |
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Quote:
Read this with the sarcasm it was written with... OMG! How did you get out of there? I am happy you were able to escape that AD. I can't believe they dragged you in and tried to force you to buy a watch. Sarcasm over! They can do what they want, this board is all about the nerve of the AD to not discount 25% now it's about daring to not budge on Retail?! Supply and demand rules the day - I promise you that if the AD paying rent in Manhattan, union labor to clean, union electricians etc. isn't willing to discount, they don't have the need to. They will sell it tomorrow or Wednesday. If not, they will eventually sell it for less and you were right. I have been in and out of AD's in Manhattan for years - last year when I was looking at the YM and Milgauss, I was looking at the GV Milgauss and I put it down while I "thought about it". Within literally 20 seconds, a guy next to me asks the other sales person, "do you have that new one with the green glass". Sales rep walks over takes it and says "this one". Guy says "yes"... first sales person asks me if I want it for retail price, I said "no". Other guy opens his wallet... done, all in five minutes. Either these guys are plants and full of it or they just turn over watches that quickly and that much of a mark up that they don't "need" to haggle. Granted, this was a GV Milgauss but not a word, not a negotiation - just, "do you have it and let's do it!" By the way, same AD in NYC wouldn't budge over 5% off on a SS/P YM - I chose to walk and let my money talk someplace else. I ended up getting what I thought was a fair deal (for both of us)from another AD. -Pete
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9 March 2010, 09:56 AM | #23 |
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There's always a lot of ruckus on the forum about "Rolex USA doesn't allow ADs to deviate from MSRP..." when they hear about an AD asking above MSRP.
Of course, we're a lot more flexible on that mandatory MSRP policy when we think that a discount is in order. NYC ADs are notorious for charging higher prices than ADs elsewhere.
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