Rolex Salespeople Buying Hot Watches For Themselves

[padi56]

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....

Have to agree more conspiracy theories than Rolex watches for sale yet they still sell around 850000 every year.

[Yadi_Collector]

The local AD's in my area are super-professional, like earlier posts mentioned ties, older watches, well put together. They do have lists and people actually get watches.

The Tourneau near me, in the Westchester, is clearly a dump run by morons. They seemingly sell watches in-house or to friends, and there is absolutely no chance of any mere mortals getting anything. If the national company cared at all about their reputation or the Grey Market they would clean house!

Just my observations.

[GONZO2LR]

at a Ad in town, the Rolex SA owes a handful, he has been a SA for Rolex for 40 years, 3 of his Rolexes he has won in sales over the years....
i have been talking to him for a better part of those years....

[seosub]

My ad wears a model that's impossible for regulars to get - but its his store :)

He did tell me he waited a bit himself - forget what he said but I do remember it was much longer than I expected

I've only noticed one of his SAs with a Rolex and it's probably 15 years old - so I would assume a policy exists. Why wouldn't you as an SA wear watches that appreciate, especially if you understand the market. I'm sure its not easy for some people to part with $10k, but if you are trading $10k for something that's worth $20-30k it should be a no brainer if you have access.

[Driver8]

One of the SA's at one of the AD's I use, recently "picked up" a white 116500 Daytona after apparently "being on the list for a while".

I'm sure it was all TOTALLY above board, and I'm 100% convinced he's regularly been spending £50k-£100k a year in the store he works at!

[bluestreak]

I’ve got no problem with SAs being able to get their hands on watches much easier than the general public. If I’m an AD (or a Rolex), I want my salespeople wearing my product and not an Omega. Plus it’s a nice perk to help retain good employees that care about watches.

Honestly if I’m an AD, and I’ve got to sell the watch at MSRP, then I guess my first choice would be to sell it to someone who spends money.
But selling it to an employee to retain them is probably higher on my list than some random who walks into my shop to buy one watch and I’ll never see again.

[dauster]

Originally Posted by nocaps

i don't believe it at all. a while back, i asked an independent ad if he would sell me the platona off his wrist. he replied that he bought it at cost for personal use and that rolex would be very upset if they found out he sold it. it's just not worth it to dealers to lose their franchise over a few bucks.

the owner would not do it I guess but they do have some random SAs sometimes, if they just started working there I would not be surprised if they tried some shady stuff.

[franklee168]

The nerve of people who work for a company that has an inside track to purchase. Horrible.

[Laostuh]

Originally Posted by bluestreak

I’ve got no problem with SAs being able to get their hands on watches much easier than the general public. If I’m an AD (or a Rolex), I want my salespeople wearing my product and not an Omega. Plus it’s a nice perk to help retain good employees that care about watches.

Honestly if I’m an AD, and I’ve got to sell the watch at MSRP, then I guess my first choice would be to sell it to someone who spends money.
But selling it to an employee to retain them is probably higher on my list than some random who walks into my shop to buy one watch and I’ll never see again.

This. SA's deserve to be able to get watches too. I would limit those purchases if I were an AD but I'm not so who cares?!

[bluestreak]

Originally Posted by franklee168

The nerve of people who work for a company that has an inside track to purchase. Horrible.

I’ve said it many times. The contempt people on here have for salespeople is amazing.

Literally every company on earth allows employees, especially longtime ones, access to product at a discount. But here we think that should be forgone because salespeople don’t deserve nice things.

[Scott_]

Originally Posted by bluestreak

I’ve said it many times. The contempt people on here have for salespeople is amazing.

Literally every company on earth allows employees, especially longtime ones, access to product at a discount. But here we think that should be forgone because salespeople don’t deserve nice things.

I didn't get a discount on company products when I worked for Lockheed Martin, but I guess that's different. :-)

But yes, I agree with you. Honestly, it would bother me if employees at an AD *didn't* have access to discounts.

[noshake]

Originally Posted by MrGoat

What a lot of you are misunderstanding is. The SA went to a family member, to find a buyer so the SA or the “family member” could get the watch. The SA isn’t buying this watch through Rolex, they’re essentially allocating it to a third party and paying for it, bypassing all of Rolex’s safeguards*, for their own personal gain.

*I even laughed when I typed it.

I don’t believe it without a legit source, however, it could be very plausible. I would be curious to know how many prior Rolex the “family member” has purchased.


Sent from my Apple privacy invasion product

Sounds like McMillions

[noshake]

Originally Posted by Moondoggy

Really well I heard from my old neighbours second cousin’s grandmothers bingo buddy.

[noshake]

Originally Posted by 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.

McMillions theory again

[lenversducadran]

People working for Rolex in Switzerland have access to most of the models. What I know is that it's limited (1 every x year and it can only be bought either for you or someone from your direct family). In case you get caught selling it to someone else, it's a cause of getting fired.

For instance:
- a friend of mine just got her DJ 36 with the new blue dial like 6 months after release. -- another friend of mine is waiting of her SS Daytona (she had to wait 3 years to get it)

In order to get a rolex watch (for employee) you have to work a full year before ordering one, not sure about the discount but I believe you get a 30% more or less.

[noshake]

Originally Posted by enjoythemusic

It's the modern Interenet....



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

[enjoythemusic]

Originally Posted by noshake

There was more signal, less noise waaay back when. BBS was also signal-heavy. Oh, yes sure there was the occasional troll, yet far fewer back in the day.

[bluestreak]

Originally Posted by Scott_

I didn't get a discount on company products when I worked for Lockheed Martin, but I guess that's different. :-)

But yes, I agree with you. Honestly, it would bother me if employees at an AD *didn't* have access to discounts.

If you had wanted to buy a plane or a missile, I’m sure they would have knocked off 20 percent. #missedopportunities


Sent from my iPhone using Tapatalk

[FLGatorM5]

Originally Posted by bluestreak

If you had wanted to buy a plane or a missile, I’m sure they would have knocked off 20 percent. #missedopportunities


Sent from my iPhone using Tapatalk

Thank you. Have no idea what this thread is about… I just keep thinking about how awesome an employee discount would be at LMT.

[Scott_]

Originally Posted by FLGatorM5

Thank you. Have no idea what this thread is about… I just keep thinking about how awesome an employee discount would be at LMT.

I worked there in the late 90s. I had the exact same thought at the time.

[dauster]

Originally Posted by FLGatorM5

Thank you. Have no idea what this thread is about… I just keep thinking about how awesome an employee discount would be at LMT.

employee discount on a f22 raptor would be nice ...

[Texex]

My SA just got a Batman after waiting for 2 years. Dude works hard working every weekend and deserves it. 14 years with the company and he has to wait 3 years to get his next.

[noshake]

Originally Posted by dauster

employee discount on a f22 raptor would be nice ...

The videos on those planes are awsome. One of the best looking fighter jets...

[dauster]

Originally Posted by noshake

The videos on those planes are awsome. One of the best looking fighter jets...

Indeed, really only know about them since I heard this podcast about the jet pilot commander David fravor that witnessed UFOs off the coast of San Diego. Cool podcast with lex fridman where he talks extensively about aviation and not just UFO stuff


Sent from my iPhone using Tapatalk

[asiparks]

Originally Posted by noshake

McMillions theory again

More plausible, I'd argue, than the theory that everyone involved in retailing Rolex are saintly beyond reproach and untainted by temptation.

Seem most respondents in this thread are talking about SA's buying watches for their own use, which has nothing to do with the OP's post

[csaltphoto]

Originally Posted by dauster

employee discount on a f22 raptor would be nice ...

Group buy!

[enjoythemusic]

I wish SpaceX would give an employee discount on Falcon rockets.

Have your planet-bound jet, I'm getting the fu.. off this crazy planet.

Unless the jet comes fully armed, if so I have an idea :)

[RJRJRJ]

Originally Posted by asiparks

More plausible, I'd argue, than the theory that everyone involved in retailing Rolex are saintly beyond reproach and untainted by temptation.

Seem most respondents in this thread are talking about SA's buying watches for their own use, which has nothing to do with the OP's post

It's not far off from thinking the SA has so much pull that they can get the hottest watches for people that have never done business with the AD. Good luck with the lies and promises they'll have to make to their manager or owner.

[grimps]

If I worked in a Rolex AD I'd expect to be able to buy a watch at discount.
A few years ago the SA would always be wearing a nice Rolex in my local dealers , now they tend to wear a Sub , Datejust or Tudor while at work but I'm sure they still have a couple of nice pieces they wear away from work which I cant see a problem with

[mathurss]

Originally Posted by Scott_

My SA was wearing a TT GMT last week. She told me that it was originally purchased for her husband about 3 years ago and yes, she wasn't allowed to buy a full SS one, but the TT was fine. 3 years later, he decides it's a bit too flashy for him, so she gets the GMT and he apparently got something a bit more understated to replace it.

That’s interesting, my SA wears a BLNR but it was a more recent purchase last year. He had to wait for a while to get it and, I can’t quite remember, but I think they limited his choices somehow.


Sent from my iPhone using Tapatalk