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Old 27 January 2014, 02:38 AM   #1
blue lion
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I met the Rolex CEO for the USA last night

Stewart Wicht-at a Rolex 24 event in Daytona Beach. He was wearing (shocker) a Daytona, white dial. We talked about the Sub and GMT-II that I have and he remarked what iconic watches they are.
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Old 27 January 2014, 02:40 AM   #2
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Very cool.
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Old 27 January 2014, 02:43 AM   #3
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Did he mention how painful it is to buy a Rolex?
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Old 27 January 2014, 02:49 AM   #4
blue lion
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Did he mention how painful it is to buy a Rolex?
Well...I told him I like the Skydweller and he said "it's so expensive!" and seemed to mean it.
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Old 27 January 2014, 03:26 AM   #5
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Old 27 January 2014, 03:27 AM   #6
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Did you pump him for insight into new Basel models?
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Old 27 January 2014, 03:28 AM   #7
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Very cool!
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Old 27 January 2014, 04:04 AM   #8
my rolex
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Did you ask if Rolex will be lowering their prices. Rolex should be more in touch with their loyal customers that we are not ATMs. And they need to be reminded that their prices are too high due to too many price increases in recent years.
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Old 27 January 2014, 04:15 AM   #9
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Did he mention how painful it is to buy a Rolex?
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Old 27 January 2014, 04:48 AM   #10
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Did you ask if Rolex will be lowering their prices. Rolex should be more in touch with their loyal customers that we are not ATMs. And they need to be reminded that their prices are too high due to too many price increases in recent years.
Rolex watches are always perfectly priced.

It is we who are not always adequately funded.
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Old 27 January 2014, 05:04 AM   #11
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Rolex watches are always perfectly priced.
2006-2007, that was quite true.

Nowdays, notsomuch.
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Old 27 January 2014, 05:15 AM   #12
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I think that Rolex like the fact that they are expensive, not everyone can afford and it's a painful (financially) considered purchase for most people.

It adds to their desirability :-)
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Old 27 January 2014, 05:20 AM   #13
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In many professions the employees get certain perks. For example in many car dealerships you get to drive nice cars for free or a low monthly cost. In many restaurants you get to eat food whilst at work. I'm in finance so I get the equivalent of my 'own' commission or reduced charges - where's this going you might ask? Well I've often wondered what Rolex employees get as a 'perk'? It wouldn't look good if they wore an Omega or Tag, so do they get a free one, subsidised one, or is it part of their package?

As for the CEO of the US, presumably he's a few in his collection :-)
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Old 27 January 2014, 07:25 AM   #14
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Nice.
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Old 27 January 2014, 07:31 AM   #15
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Quote:
Originally Posted by Vivalas View Post
In many professions the employees get certain perks. For example in many car dealerships you get to drive nice cars for free or a low monthly cost. In many restaurants you get to eat food whilst at work. I'm in finance so I get the equivalent of my 'own' commission or reduced charges - where's this going you might ask? Well I've often wondered what Rolex employees get as a 'perk'? It wouldn't look good if they wore an Omega or Tag, so do they get a free one, subsidised one, or is it part of their package?

As for the CEO of the US, presumably he's a few in his collection :-)
They get to work for Rolex.
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Old 27 January 2014, 07:55 AM   #16
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Cool, cool.
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Old 27 January 2014, 08:04 AM   #17
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cool
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Old 27 January 2014, 08:13 AM   #18
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Did you pump him for insight into new Basel models?
Probably should buy the guy a drink first........
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Old 27 January 2014, 08:29 AM   #19
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Rolex watches are always perfectly priced.

It is we who are not always adequately funded.
Another sagacious perspective from GradyPhilpott. Well said.
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Old 27 January 2014, 11:09 AM   #20
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Rolex watches are always perfectly priced.
I guess if you're Rolex, they are. Even if you can afford the ever-increasing prices, some are getting to be somewhat ridiculous.

At least Apple (who pillages and plunders it's loyal customer base with a new iWant every year) keeps the price points essentially the same.
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Old 27 January 2014, 11:19 AM   #21
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Rolex watches are always perfectly priced.

It is we who are not always adequately funded.
Agreed.
Love the Harold Lloyd avatar too. A forgotten treasure
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Old 27 January 2014, 11:30 AM   #22
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Wait, Rolex has a CEO in the US? I think I have a new career goal...
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Old 27 January 2014, 11:36 AM   #23
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I guess if you're Rolex, they are. Even if you can afford the ever-increasing prices, some are getting to be somewhat ridiculous.



At least Apple (who pillages and plunders it's loyal customer base with a new iWant every year) keeps the price points essentially the same.

Well, like Apple, they could outsource their production to China ;-)

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Old 27 January 2014, 12:00 PM   #24
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Old 27 January 2014, 02:45 PM   #25
vitalsignsrn
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Originally Posted by Vivalas View Post
In many professions the employees get certain perks. For example in many car dealerships you get to drive nice cars for free or a low monthly cost. In many restaurants you get to eat food whilst at work. I'm in finance so I get the equivalent of my 'own' commission or reduced charges - where's this going you might ask? Well I've often wondered what Rolex employees get as a 'perk'? It wouldn't look good if they wore an Omega or Tag, so do they get a free one, subsidised one, or is it part of their package?

As for the CEO of the US, presumably he's a few in his collection :-)

You bring up a good point. All the Rolex AD's Ive been to, they had Rolex watches on. All stated they were their own watches, but now Im wondering if they were part of the uniform for selling the watch. I didnt notice this with any other brand. How odd....anyway, just an observation.
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Old 27 January 2014, 03:07 PM   #26
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You bring up a good point. All the Rolex AD's Ive been to, they had Rolex watches on. All stated they were their own watches, but now Im wondering if they were part of the uniform for selling the watch. I didnt notice this with any other brand. How odd....anyway, just an observation.
I've noticed that as well. For the most part a lot of them work on commission, but that doesn't mean anything. A very peculiar observation. Looks like it's investigation time. I'll have to forge papers, come up with an awesome resume and apply to work at my local AD... Then during the interview process, I'll as the question. If it's part of the uniform I wouldn't be surprised... If it isn't.. Just watch out for the thread titled: Well, I can never show my face at my local AD again...


Fantastic thread!


Goodnight,

Robb
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Old 27 January 2014, 03:35 PM   #27
Hairdude1
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Very cool
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Old 27 January 2014, 11:02 PM   #28
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Wow, the president himself called them expensive?
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Old 27 January 2014, 11:49 PM   #29
iazrollie
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At least Apple (who pillages and plunders it's loyal customer base with a new iWant every year) keeps the price points essentially the same.

Different industry and different competitive dynamics. Aapl (as well as most handset makers, sans vertu) differentiates itself with technological advancements and by packing "more bang for the buck". Rolex (as well as virtu) doesn't face price competition from a "bang for the buck", but rather prestige offering (eg outrageously high prices and limited obtainability).
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Old 28 January 2014, 12:47 AM   #30
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So you met "The Man"...did he notice what you were wearing?
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