A bit annoyed

[Koi6715]

paid a deposit for a limited edition ROO
Not sure if i should mention which watch and what boutique
Back in may have been saving all summer long, hoping to pick up the watch november.
Only to be told this week from the AP boutique they have changed the price and up'd it by more than 10% £2500
Now im not a rich man, just love AP watches and its all ive wanted to buy for the last 12 months.
Any ideas why they would price hike a watch on its last few pieces.

[Yoda]

What ROO is it?

[Demonoid]

Originally Posted by Koi6715

paid a deposit for a limited edition ROO
Not sure if i should mention which watch and what boutique
Back in may have been saving all summer long, hoping to pick up the watch november.
Only to be told this week from the AP boutique they have changed the price and up'd it by more than 10% £2500
Now im not a rich man, just love AP watches and its all ive wanted to buy for the last 12 months.
Any ideas why they would price hike a watch on its last few pieces.

Yeah, what's the watch? Also, I think you should speak to the manager, you guys had a verbal agreement and this should be respected in my book. Sure Ap can jack the price, but usually it's the ads trying to get a bit more.

[Presa canary]

Get your deposit back, and get a ro instead. I'd be real pissed at that ad as well....

[Lgear080]

Did you sign a contract or get a receipt?

That's a really ridic move IMO.

[texex91]

Are you saying there is a 10% price increase on AP's?

If it's an AP boutique, then that would be an official price increase on whatever model (please tell us so we can be of help) you are referring. They do not sell above retail (but they will be happy to sell at FULL retail).

Need more facts--lay it out for us...

[Bismuth01]

Really against the idea of leaving a deposit. Have done it in the past with cars and watches. Haven't had a positive experience come out of me leaving my money with someone for an undetermined amount of time. Get your money back.

[SkyKing31]

I think you should get you're money back. Perhaps I'm wrong but I thought a deposit not only help the item so it couldn't be sold out from under you but I also thought it locked in the current price. I would be very angry if I were you nd demand my money back if they refuse to honor the price you were quoted when you left you're deposit.

[Hanz079]

Originally Posted by SkyKing31

I think you should get you're money back. Perhaps I'm wrong but I thought a deposit not only help the item so it couldn't be sold out from under you but I also thought it locked in the current price. I would be very angry if I were you nd demand my money back if they refuse to honor the price you were quoted when you left you're deposit.

Yeah... I think what you said is correct.
I would be pissed if it were me.
I am not understanding the AD decision to make your buying experience an unpleasant one.
It's not a cheap watch afterall...
I would also demand my money back and steer clear of the AD from now on.
I think they're trying to pull a fast one...

[SkyKing31]

Originally Posted by Hanz079

Yeah... I think what you said is correct.
I would be pissed if it were me.
I am not understanding the AD decision to make your buying experience an unpleasant one.
It's not a cheap watch afterall...
I would also demand my money back and steer clear of the AD from now on.
I think they're trying to pull a fast one...

They certainly are trying to pull a fast one at the OP's expense. I really hate to see people who work hard and save for something special only to have their hard earned money ripped off from them. I think I would complain to the company and possibaly the BBB once I got my money back. That is assuming the OP has a leg to stand on in this matter. I'm not familiar with the laws where the OP lives or the store's policies on taking deposits. Either way it's shady and it's bad business. I would tell everyone the neame of the store so others can be aware of their dirty tactics.

[subtona]

Many stories about the price of watch on deposit going up in the event of a price increase, dealer claims they have to replace it at current price so they pass the expense onto the existing piece & customer.
Not sure if thats the case or if your AD is just a tool?

[Koi6715]

Thanks guys for your comments
To clarify this is not an AD this is through AP direct at there store in Ginza
Yes i have a receipt with deposit and balance shown. Get an email saying they have hiked the price up on their model ROO

[Koi6715]

Trying to understand why they would put up the price
I assume all 200 were manufactured at same time so all costs covered and price set.
Exchanged rates have changed very little over the last two years.
So I can only think Greed is the reason

[SMD]

Originally Posted by Koi6715

Trying to understand why they would put up the price
I assume all 200 were manufactured at same time so all costs covered and price set.
Exchanged rates have changed very little over the last two years.
So I can only think Greed is the reason

Reading between the lines this is for the Ginza7 FC ROO. The JPY has taken a beating this year so I am not sure about FX being constant. GBP to JPY has gone from 128 a year ago to almost 160, or about 25% change on FX. So I am not sure greed is the only factor as I suspect most of their inventory would be repriced at some point after large currency swings.

[Cru Jones]

did they say your deposit would lock in the price? or just give you the right to purchase one, if available, when you got your funds together?

in the end, the boutique can sell it at the new price. not a great way to get customer loyalty, however.

[diver2012]

Originally Posted by Cru Jones

did they say your deposit would lock in the price? or just give you the right to purchase one, if available, when you got your funds together?

in the end, the boutique can sell it at the new price. not a great way to get customer loyalty, however.

His receipt showed both the deposit paid and balance to pay.

So I would be insisting they honor this price.

[MonBK]

Originally Posted by diver2012

His receipt showed both the deposit paid and balance to pay.

So I would be insisting they honor this price.

If that's the case they don't have a leg to stand on.

[Cru Jones]

Originally Posted by diver2012

His receipt showed both the deposit paid and balance to pay.

So I would be insisting they honor this price.

except that it was the balance to be paid on the date of the receipt, not for "X months" from now and not if an intervening price increase affected the balance owed (assuming that was the deal - see below).

if it were me, i would of course throw a MAJOR fit and insist that they honor the prior price, but, unless the deal clearly was to lock in the price at the time of the deposit, i can see the boutique's point of view, and i can see the boutique deciding to refund OP's deposit and sell the watch for an additional £2500 to the next buyer (at the "cost" of maybe losing OP's one-time business).

the best approach for the OP is to calmly state that he has a receipt for a deposit with balance to be paid, and that he is ready to pay such balance ASAP in return for the watch.

[Andad]

Originally Posted by diver2012

His receipt showed both the deposit paid and balance to pay. So I would be insisting they honor this price.

If that is the case the AD must honour the original selling price unless he has a written agreement with the buyer that the price would fluctuate with RoE or MRRP for example.

[AK797]

Deposit should lock in the price, I'm always asked to put down a deposit at a Rolex AD because the price will go up any day now, should be the same for AP. I would also tell them you are on many AP watch forums and will detail the outcome if they do not stay with the original price.

[Ilovewatches]

Really bad move by the Ginza boutique. Im pretty sure this is illegal, if you have the receipt with the deposit payed and the funds owed.

[lipjin]

Since you got an email from the boutique, I would just reply with smth like: thanks for telling me about the price increase! That's great that I'm getting it 10% below current prices! Great service!

And leave it at that

[mike@ec]

I would be pissed, I would ask to speak to a manager, or escalate it to AP directly

[exiger77]

I was advised by boutique that price increase is coming in near future. That's why I committed on my AP now that later.

[Koi6715]

I can understand on current models made this year, as costs may rise throughout the process of manufacture distribution fx markets etc etc
But not when it was made 2011 and has been in a safe in the boutique for two years waiting to be sold.
And then decide to slap a couple of grand on top
Or have i got it wrong ?

[diver2012]

Is your quote a GBP quote or Yen quote?

If it's GBP and you are buying from the Ginza Boutique then I would say that changes everything.

[mb23]

The issue is they don't have all 200 made and waiting to be shipped, they are made as they sell down the current stock. I know they recently raised the MSRP of the Ginza and a few other models due to the currency.

[ufboy73]

i know nobody will agree but im not sure i disagree with what they have done.

really depends on what the terms of the deposit/purchase were - there are many things that if you defer paying in full you may be subject to eventual changes in price.

i know it still stinks for the OP but i dont know if i would automatically feel the boutique is behaving unethically

[s14roller]

Talk to their managers...if you gave a deposit, I would expect that is committing to the sale at the said upon terms.

I doubt they will want to lose a customer over a 10% issue.

[Rolexitis]

That's not right. When you pay a deposit you are securing the piece at the current price even if it takes a few months to get it.

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