AD: Flipper?

[Perseus]

Originally Posted by malba2366

The ADs are the ones doing most of the flipping. The quantities the grey dealers have are not from individuals buying and flipping one watch at a time.

Exactly! Remember the Chicago AD that got busted for doing exactly this? They were stupid, shady and illegal in how they went about it, but these watches are undoubtedly coming from AD's.

[Innocenti]

Originally Posted by Perseus

Exactly! Remember the Chicago AD that got busted for doing exactly this? They were stupid, shady and illegal in how they went about it, but these watches are undoubtedly coming from AD's.

When the dust settles remember this

[Alex369]

Originally Posted by Cloudstrife

How will an AD know that people are flipping? Do they have some tracking somehow?

They read your palm as they are putting the watch on your wrist...THIS is how they know...

[vh2k]

Originally Posted by Perseus

Exactly! Remember the Chicago AD that got busted for doing exactly this? They were stupid, shady and illegal in how they went about it, but these watches are undoubtedly coming from AD's.

You mean the one AD location with one rogue Chinese employee charging watches to her own credit card and shipping watches to friends? The employee and colleagues were fired.

[Innocenti]

Originally Posted by vh2k

You mean the one AD location with one rogue Chinese employee charging watches to her own credit card and shipping watches to friends? The employee and colleagues were fired.

The Chinese bit is relevant ?

[dauster]

Originally Posted by vh2k

You mean the one AD location with one rogue Chinese employee charging watches to her own credit card and shipping watches to friends? The employee and colleagues were fired.

what happened to the law suit ? wasn't there some kind of law suit filed in regards to this incident ?

[vh2k]

Originally Posted by dauster

what happened to the law suit ? wasn't there some kind of law suit filed in regards to this incident ?

The lawsuit initiated by the supposed “whistleblower” was dismissed last April.

[malba2366]

Originally Posted by vh2k

You mean the one AD location with one rogue Chinese employee charging watches to her own credit card and shipping watches to friends? The employee and colleagues were fired.

If these allegations were true, there is no way one random salesperson was doing it on their own. The case was dismissed so it could have just been a disgruntled employee. The part of selling the watch to Chinese buyers is a little fishy...there are plenty of grey buyers in the US to have to go through the hassle and risks of shipping watches to China.

[dauster]

Originally Posted by malba2366

If these allegations were true, there is no way one random salesperson was doing it on their own. The case was dismissed so it could have just been a disgruntled employee. The part of selling the watch to Chinese buyers is a little fishy...there are plenty of grey buyers in the US to have to go through the hassle and risks of shipping watches to China.

maybe it's less likely that you get found out about it when they are shipped off to china. but not sure if that makes a difference. maybe the fear for the secret rolex shoppers is real...

[lava flow]

Originally Posted by telesquire

Sounds like you have never worked in the luxury retail market because then you would know what the AD gains from selling to the grey dealers. I have,and spent 30 years retailing in another luxury trade and witnessed the cash sweeteners first hand. Yes cash, the folding stuff placed in white envelopes and passed to AD's and or the sales managers in my trade. It happens everywhere because everyone loves free cash. Daytona sold to grey dealer for MSRP....transaction goes through the books, money transferred and the dealer then receives what over here is called a 'bung' It was a guaranteed way of receiving the desirable quality stock. Funnily enough one of the UK's major greys was once in my trade. He was renowned for this practice, I witnessed it first hand. He moved to the watch trade because it was actually more lucrative. His website is predominently full of 2021 Rolex and no I won't name him or his company, its not fair because this has always happened and is just the norm in retail.
its not a conspiracy, its not heresay....its fact. It is the way the retail market works, the greasing of palms. Remember all of this came about when the Rolex market was not so buoyant, when the OP's and DJ's etc weren't shifting and discounts were being offered. Then the greys would take the slow stock from the AD's and expect the SS models as a sweetener. Now the tables have turned slightly but the relationship they have with the AD's still exists in a symbiotic way.

never worked in retail thank God

this talk of 'bungs' sounds so 1980/90's, hell, even the Russians have moved on - it now reads like some poor plot line from a BBC drama series

i am now retired but my 'business' so to speak started as an architect and when i got fed up working 24/7 and being asked to drop everything to fly to XYZ at a moments notice i decided it was time to re evaluate my life

i moved to rural Scotland and started a Sporting Agency offering salmon fishing on my own beat of the River Tay and deer stalking and shooing on associated estates

had quite a few clients from the USA

now retired and enjoying things

[lava flow]

Originally Posted by Nairn1980

Search Chrono24 again….. this time filter for UK

There are 55 ceramic Daytonas In total for sale.

The 434 you are getting must be worldwide

thank you

the voice of fact and reason

[lava flow]

Originally Posted by vh2k

Then filter for:

Available Now
With Box and Papers
New/unworn
2021
Real pictures

You get 3 black and 3 white... and the 3 white are all over $40K (so that’s really ZERO)!

Total myth that there are hundreds of brand new Daytonas with fresh cards being diverted to the secondary market.

thank you again

facts over speculation

[Mendota]

Originally Posted by Rado63

Rolex shops the internet just like you do and they buy pieces from secondary market dealers and the evaluate the purchase origin of the watch and they will learn the purchase history of the buyer and the selling practices of the AD. Rolex can't look at every watch out there but they will look at some.

This is true. I read an article last year on this subject in one of the watch publications. They are doing it all over the world in an effort to try to stop/slow this grey market insanity. It's just one of the measures they have recently been implementing.

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[Mendota]

Originally Posted by Innocenti

Is that made up?

No, they are actually doing this. They are actively participating in the market. Then they trace the serial number all the way back to the AD and audit the sale to look for patterns. It's only a drop in the bucket volume wise, but they are doing it.

The article I read said other brands are also starting to do this now.

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