Rolex Salespeople Buying Hot Watches For Themselves

[RJRJRJ]

These days it's very difficult for them to buy anything hot for themselves, let alone some random person the AD doesn't even know just because the SA put in a good word for them.

[Boopie]

Originally Posted by Benzsiam

At my Rolex boutique, every SA wears SS or TT Rolex. I think they are allowed to purchase one at a discount every 5 years for themselves/their family members.

That’s essentially what my AD SA said. Only employees get one, and it has to be a model that’s for sale (eg no first dibs on something that comes in before it hits the floor).

[VegasBaby]

Originally Posted by Oxfordian

Staff in an AD aren't allowed to buy a watch, they can buy a watch to use for work but that has to be written down over 5 years and then it becomes theirs.

The only time I've seen a white dial Daytona is on the wrist of a sales assistant, they had worked for the firm for 10 years before they were able to buy it then had to wear it for another 5 before, when I saw it it was beat up to hell as the SA told me that it goes everywhere with her and has a hard life, it was 15 months at that point.

What????? Where did you hear that nonsense??? All the salespeople at the 2 ADs I do business with wear a Rolex and none of them have ever heard of anything so ridiculous...........

[Harry-57]

The SAs in my AD, including the Rolex buyer wear a variety of brands and models, including Rolex. I've never seen someone in any department wearing a brand of watch that the store does not sell. Like many of these so called "Rolex policies" it's actually store policy (AKA owner's policy - it's not part of a chain) and it covers everything: watches, accessories, pens, jewellery etc. They like to take care of their staff - up to a point. They wouldn't create an impression that could be bad for business.

[Df1kilo1]

Originally Posted by enjoythemusic

Yawn.

My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with a girl who....

That’s awesome

[enjoythemusic]

Originally Posted by Df1kilo1

That’s awesome

Thx, yet the OP's initial post is sooo played out. At some point you can't help but have fun with that silly stuff.

[28mm]

My AD accidentally sent their form to purchase a Rolex to me. I replied, "Was this for me? Wow..So excited"

It showed cost plus the incentive

This was a few days ago

[dg1111]

Semi-serious question here. If SAs were able to buy any watch they wanted with no restrictions, how many people here would be applying for part time work at every AD within driving distance? Work a couple months, get your watch, and then give notice...

[Jojomojo]

Different company different policy.
Allocated timepieces are afaik now managed by the owners thenselves.

[WatchesNBlondes]

I can understand that a few have GMTs or Subs. But crazy with how long the waits are for Daytonas, OP's in colors, and some of the skydwellers.

[Anton911]

I know a Rolex SA who has two hot models,one being a Pepsi she wears daily.Ironically I am on the waiting list for that watch…..

[calebb90]

I know more than one SA who bought their watches from the gray market after not being able to get them from their store. Then the AD they work for had the nerve to reprimand them for buying them elsewhere.

[Screwly]

Originally Posted by calebb90

I know more than one SA who bought their watches from the gray market after not being able to get them from their store. Then the AD they work for had the nerve to reprimand them for buying them elsewhere.

Lmao the irony

[dpt.calvin]

Originally Posted by dg1111

Semi-serious question here. If SAs were able to buy any watch they wanted with no restrictions, how many people here would be applying for part time work at every AD within driving distance? Work a couple months, get your watch, and then give notice...

Not how it would work if it did. There would be stipulations…

[jb335]

Nonsense.

In this market, any potential purchaser of a hot piece is likely screened by store manager too.

Internet BS


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[asiparks]

OP wasn't talking about sales people at ADs buying watches for themselves.

I don't find it at all implausible that, given the massive delta between AD's cost and market value, sales associates or indeed managers or owners of family ADs, would "allocate" watches from the back safe to friends and family, having them buy them, then sell them on to a Grey and split the profit.

Sure you could allocate it to a real whale, but why have him sell it to a grey and pocket the money instead of you / your business ?

Lots of easy cash, different names on receipts, very little chance of getting rumbled.

[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”

[Kyle3130]

Originally Posted by VegasBaby

What????? Where did you hear that nonsense??? All the salespeople at the 2 ADs I do business with wear a Rolex and none of them have ever heard of anything so ridiculous...........

Agreed, at my ADs, if you want to see the entire professional line up in person, gather all the SAs up in the same room at any given time.

[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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[amanbra]

Originally Posted by calebb90

I know more than one SA who bought their watches from the gray market after not being able to get them from their store. Then the AD they work for had the nerve to reprimand them for buying them elsewhere.

Wow at the AD… at the same time though how can an SA afford grey?

Anyway I do think SAs should be sold a watch, like maybe after a year and with some conditions around it about flipping.

[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.

[bestert]

Really such nonsense they wrote)

[paxjedi]

Originally Posted by dg1111

Semi-serious question here. If SAs were able to buy any watch they wanted with no restrictions, how many people here would be applying for part time work at every AD within driving distance? Work a couple months, get your watch, and then give notice...

This is going into the realm of absurdity.



.

[enjoythemusic]

Originally Posted by paxjedi

This is going into the realm of absurdity.

It's the modern Interenet....

Decades ago the Internet was mainly doctors, lawyers, brilliant scientists.... It truly was a blissful time.

[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

[Oxfordian]

Originally Posted by VegasBaby

What????? Where did you hear that nonsense??? All the salespeople at the 2 ADs I do business with wear a Rolex and none of them have ever heard of anything so ridiculous...........

I can only repeat what i'm told, maybe the UK is different from the USA. The SA's can choose to wear a watch but if they want one it has to be from a brand of watch that the store sells, and then they do the deal through the store with strings attached.

If this is wrong so be it but it is what I was told.