The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Rolex & Tudor Watch Topics > Rolex General Discussion

Reply
 
Thread Tools Display Modes
Old 24 December 2022, 12:40 AM   #1
banzrs311
"TRF" Member
 
Join Date: Nov 2022
Location: CHI
Posts: 48
Financial Times Article

https://www.ft.com/content/a7cbc3b7-...4-51cedd5e9a29

Interesting read this AM


Sent from my iPhone using Tapatalk
banzrs311 is offline   Reply With Quote
Old 24 December 2022, 12:41 AM   #2
Soultime
"TRF" Member
 
Soultime's Avatar
 
Join Date: Oct 2016
Location: Cheshire UK
Posts: 1,071
Yep.... I saw that too.
Soultime is offline   Reply With Quote
Old 24 December 2022, 01:36 AM   #3
Charlie Tango
"TRF" Member
 
Join Date: Nov 2022
Location: MA
Posts: 145
Very interesting read, thanks for sharing


Sent from my iPhone using Tapatalk
Charlie Tango is offline   Reply With Quote
Old 24 December 2022, 01:38 AM   #4
Watchesnguitars
"TRF" Member
 
Join Date: Aug 2021
Location: USA
Posts: 311
Does somebody mind to copy and paste here? Not a subscriber
Watchesnguitars is offline   Reply With Quote
Old 24 December 2022, 02:08 AM   #5
samson66
2024 ROLEX SUBMARINER 41 Pledge Member
 
samson66's Avatar
 
Join Date: Jul 2013
Real Name: Mike
Location: Downy Ocean Hon
Watch: my money leaving!
Posts: 13,792
No bueno here. pay wall blocked
samson66 is online now   Reply With Quote
Old 24 December 2022, 02:14 AM   #6
Mr. K
"TRF" Member
 
Mr. K's Avatar
 
Join Date: May 2005
Real Name: Mark
Location: Seattle-ish
Posts: 6,078
Quote:
Originally Posted by Watchesnguitars View Post
Does somebody mind to copy and paste here? Not a subscriber

Try to view it in a private browsing window or incognito. This worked for me.
Mr. K is offline   Reply With Quote
Old 24 December 2022, 02:15 AM   #7
rambo99
Banned
 
Join Date: Aug 2018
Location: Tokyo
Watch: SD43,PAM1616,Hulk
Posts: 3,567
required payment to read article. great!
rambo99 is offline   Reply With Quote
Old 24 December 2022, 02:28 AM   #8
zoenatenich
"TRF" Member
 
Join Date: Oct 2015
Location: Orange County, CA
Posts: 342
Tried incognito, but it will not display.
zoenatenich is offline   Reply With Quote
Old 24 December 2022, 02:31 AM   #9
Mr. K
"TRF" Member
 
Mr. K's Avatar
 
Join Date: May 2005
Real Name: Mark
Location: Seattle-ish
Posts: 6,078
Quote:
Originally Posted by zoenatenich View Post
Tried incognito, but it will not display.
I used incognito. Searched by the article title (not the link) Threw up a cookie banner that blocked 25% of the screen but I could still read the article with pictures.
Mr. K is offline   Reply With Quote
Old 24 December 2022, 02:41 AM   #10
Al1969
2024 Pledge Member
 
Al1969's Avatar
 
Join Date: May 2008
Location: New Jersey
Posts: 6,640
Copy and paste it OP.
__________________
WG SUB-116719
GMT MASTER II 126719
Al1969 is online now   Reply With Quote
Old 24 December 2022, 02:45 AM   #11
Kirk Lazarus
Banned
 
Join Date: Nov 2022
Location: Florida
Posts: 32
Wow, what a read.
Kirk Lazarus is offline   Reply With Quote
Old 24 December 2022, 02:46 AM   #12
amh
"TRF" Member
 
amh's Avatar
 
Join Date: Oct 2008
Location: Tejas
Watch: Various
Posts: 5,082
Post a 1-line summary
amh is offline   Reply With Quote
Old 24 December 2022, 02:49 AM   #13
Calatrava r
2024 SubLV41 Pledge Member
 
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 11,420
Quote:
Originally Posted by inadeje View Post
For those who can’t read it from the link there isn’t much ingenuity required.

Submit “rolex financial times” as a google search and that article (being the newest) comes up. Click and they allow one free read. Well for me that’s what happened.
So, what is your take on it?
Calatrava r is offline   Reply With Quote
Old 24 December 2022, 03:06 AM   #14
gbernardi
"TRF" Member
 
Join Date: Sep 2018
Location: Houston
Posts: 23
Paywall removed:

https://12ft.io/proxy?q=https%3A%2F%...4-51cedd5e9a29
gbernardi is offline   Reply With Quote
Old 24 December 2022, 03:13 AM   #15
inadeje
2024 SubLV41 Pledge Member
 
inadeje's Avatar
 
Join Date: Jan 2013
Location: Miami
Watch: me lose count.
Posts: 5,907
Quote:
Originally Posted by Calatrava r View Post
So, what is your take on it?
Well, I mean, unless people have been living on a deserted island for the past 3 years stories of this nature are frequent and detailed. So, nothing new to this reader. Another lawsuit of this nature was ongoing (I lost track of it though) during the same timeframe in which a hotshot Porsche salesperson here in Miami was selling unobtainable Porsche (GT2R, GT3, etc) to his offshore shell company and then reselling the cars at 100% premium to buyers. Since the guy worked at said Porsche dealer he used his position to order the cars a-la-carte with all the options the buyer sought. These things transpire when retail items are worth more than their retail price and nothing will stop it. Ever. Whether it be a limited series Berkin Handbag, Luxury Watch or Limited run Ferrari, there’ll always be hands in the cookie jar.
__________________
♛ 218206 Roman ♛ 116689 ♛ 126710BLRO ♛ 16520 white ♛ 16523 white ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1R-001 - AP 26331ST Panda - Panerai Bronzo 671 & 111, Ω Speedmaster 1957 Broad Arrow, Cartier Santos XL - Montblanc TimeWalker Chrono 41
inadeje is offline   Reply With Quote
Old 24 December 2022, 03:14 AM   #16
amh
"TRF" Member
 
amh's Avatar
 
Join Date: Oct 2008
Location: Tejas
Watch: Various
Posts: 5,082
Cliff notes:
- Guy wants to buy an OP for his wife
- ADs have nothing in stock! (Has anyone heard about this? )
- Then there's an unrelated story of some backdoor sales...
- Guy buys a used Airking with no B & P
- Watch is broken when wife opens the package!
- Watch gets fixed, wife likes it anyway
amh is offline   Reply With Quote
Old 24 December 2022, 03:14 AM   #17
Jack T
"TRF" Member
 
Join Date: May 2013
Real Name: Jack
Location: The Triangle
Watch: Several
Posts: 6,719
For those copying and pasting the article, consider this is proprietary content of the FT, despite the loopholes.

And FYI, there isn't anything in the article that you don't already know or could surmise.
__________________
Sub 116613 LN; GMT 116710 LN; Sinn 104R;
Exp 214270; GS SBGM221; Omega AT
Jack T is offline   Reply With Quote
Old 24 December 2022, 03:16 AM   #18
inadeje
2024 SubLV41 Pledge Member
 
inadeje's Avatar
 
Join Date: Jan 2013
Location: Miami
Watch: me lose count.
Posts: 5,907
Quote:
Originally Posted by Jack T View Post
For those copying and pasting the article, consider this is proprietary content of the FT, despite the loopholes.

And FYI, there isn't anything in the article that you don't already know or could surmise.
I could be wrong but printing the article from their website and posting for others to read isn’t frowned upon. If I am wrong, mods pls remove the PDF
__________________
♛ 218206 Roman ♛ 116689 ♛ 126710BLRO ♛ 16520 white ♛ 16523 white ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1R-001 - AP 26331ST Panda - Panerai Bronzo 671 & 111, Ω Speedmaster 1957 Broad Arrow, Cartier Santos XL - Montblanc TimeWalker Chrono 41
inadeje is offline   Reply With Quote
Old 24 December 2022, 03:29 AM   #19
drrd
"TRF" Member
 
Join Date: Jul 2019
Real Name: rd
Location: uk
Posts: 1,551
Quote:
Originally Posted by amh View Post
Cliff notes:
- Guy wants to buy an OP for his wife
- ADs have nothing in stock! (Has anyone heard about this? )
- Then there's an unrelated story of some backdoor sales...
- Guy buys a used Airking with no B & P
- Watch is broken when wife opens the package!
- Watch gets fixed, wife likes it anyway
Good concise summary

The article wasn’t a worthwhile read.
drrd is offline   Reply With Quote
Old 24 December 2022, 03:50 AM   #20
ts3
"TRF" Member
 
Join Date: Nov 2018
Location: Europe
Posts: 3,516
Quote:
Originally Posted by drrd View Post
Good concise summary

The article wasn’t a worthwhile read.
This.
ts3 is offline   Reply With Quote
Old 24 December 2022, 04:03 AM   #21
ArtNouveau
2024 Pledge Member
 
Join Date: Jan 2013
Location: NWA, USA
Watch: BLRO/Daytona/OP41s
Posts: 5,387
That is the most information I have ever seen about the CD Peacock saga, a story that’s been floating around for several years. The alleged story helps explain that the collusion was just at one store, not corporate level. The belief that the current demand situation will sour Rolex sales in the future is a stretch, I’m noy buying that.
ArtNouveau is offline   Reply With Quote
Old 24 December 2022, 04:15 AM   #22
inadeje
2024 SubLV41 Pledge Member
 
inadeje's Avatar
 
Join Date: Jan 2013
Location: Miami
Watch: me lose count.
Posts: 5,907
Quote:
Originally Posted by ArtNouveau View Post
That is the most information I have ever seen about the CD Peacock saga, a story that’s been floating around for several years. The alleged story helps explain that the collusion was just at one store, not corporate level. The belief that the current demand situation will sour Rolex sales in the future is a stretch, I’m noy buying that.
I agree. The old adage “any press is good press” applies here. If anything, the skewed article misses the journalists mark if his intent was to dissuade. He merely stirred still further the pot of mystique surrounding the brand while likewise underlining the mass desirability of Rolex’s products.

Intentional or not on the journalist’s part, that’s what he achieved.
__________________
♛ 218206 Roman ♛ 116689 ♛ 126710BLRO ♛ 16520 white ♛ 16523 white ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1R-001 - AP 26331ST Panda - Panerai Bronzo 671 & 111, Ω Speedmaster 1957 Broad Arrow, Cartier Santos XL - Montblanc TimeWalker Chrono 41
inadeje is offline   Reply With Quote
Old 24 December 2022, 05:05 AM   #23
alphadweller
"TRF" Member
 
alphadweller's Avatar
 
Join Date: Nov 2019
Real Name: Vic
Location: Spain
Watch: SD43
Posts: 6,198
Cool article, but nothing new.
alphadweller is offline   Reply With Quote
Old 24 December 2022, 06:52 AM   #24
RavenousHomer
"TRF" Member
 
RavenousHomer's Avatar
 
Join Date: Dec 2022
Location: USA
Posts: 24
Quote:
Originally Posted by ArtNouveau View Post
That is the most information I have ever seen about the CD Peacock saga, a story that’s been floating around for several years. The alleged story helps explain that the collusion was just at one store, not corporate level. The belief that the current demand situation will sour Rolex sales in the future is a stretch, I’m noy buying that.
If you Google the case, you can actually get the actual court filings that further expand in detail about what happened in addition to more nuggets. It was available before, but haven’t checked since. Good stuff in there
RavenousHomer is offline   Reply With Quote
Old 24 December 2022, 06:54 AM   #25
JRell
"TRF" Member
 
JRell's Avatar
 
Join Date: Jun 2020
Location: Pittsburgh
Watch: 126710BLNR Jubilee
Posts: 7,084
Quote:
Originally Posted by amh View Post
Cliff notes:
- Guy wants to buy an OP for his wife
- ADs have nothing in stock! (Has anyone heard about this? )
- Then there's an unrelated story of some backdoor sales...
- Guy buys a used Airking with no B & P
- Watch is broken when wife opens the package!
- Watch gets fixed, wife likes it anyway
Lol love your posts. Thanks you saved me 1/2 hour, glad it worked out for the buyer!
__________________
126710 BLNR Jubilee
JRell is offline   Reply With Quote
Old 24 December 2022, 09:40 AM   #26
nGage7962
"TRF" Member
 
nGage7962's Avatar
 
Join Date: Jun 2011
Real Name: Mark
Location: Sydney
Watch: DJ41 TT Champagne
Posts: 517
Thanks for sharing that. I was an interesting read. Definitely not a surprise though.

I think that the problem is not just confined to dealers acting in this way, it is also one-off flippers too.

I will give you a very personal example. I recently bought a TT DJ31 for my wife from a Grey dealer locally after giving up on all of the local retailers.

The watch was 5 days old and bought from one of the local retailers who had a long wait list and said would contact me (like all the others) when one became available.

The grey dealer transaction was flawless with a check done in-person at an independent watchmaker for genuine status etc.

At the end of the transaction the grey dealer said to me that if we got called by any of the retailers, they would be happy to take either the one we just bought or the one on offer off of our hands for a little profit to us.

Now that is where the problem really lies in my opinion. I am not a flipper, but maybe I might be a one-time flipper in this instance if the opportunity presented.

How can a legit dealer, playing by the rule book cope with this?
__________________
_______________

DSSD
DJ 41 TT/Champagne
Tudor GMT
nGage7962 is offline   Reply With Quote
Old 24 December 2022, 10:03 AM   #27
Tim Plains
"TRF" Member
 
Tim Plains's Avatar
 
Join Date: Oct 2021
Location: EST
Watch: 126610LN
Posts: 1,175
Interesting how blatant the SA was breaking the rules, some people just don't give a s***, and the part about writing celebrity names on the cards. I guess some people will pay a premium for that despite it not being true.
Tim Plains is offline   Reply With Quote
Old 24 December 2022, 11:13 AM   #28
CedCraig
"TRF" Member
 
Join Date: Nov 2020
Location: USA
Posts: 333
What I liked about the article were the details of the (alleged) scam. I hope the whistleblowers get something positive from doing the right thing.

In HK the AD scam is simply brazen. The AD sells to friends/family/associates and those watches immediately show up for sale at market prices at a wholly owned subsidiary of the AD.

Rolex must know about these scams, if they‘re clearly known to all and sundry, they know, too.
CedCraig is offline   Reply With Quote
Old 24 December 2022, 11:34 AM   #29
Hulkhunter
"TRF" Member
 
Join Date: Oct 2019
Location: UK
Watch: 126710 BLRO
Posts: 583
The article was clearly written by a newbie who had little to no knowledge of the Rolex/luxury market.
__________________
**126000 OP36Turquoise**124300 OP41
Green **126720VTNR GMT II**
126710BLRO GMT II**126710BLNR GMT II**
**126518LN Daytona - Gold with black subs**
Hulkhunter is offline   Reply With Quote
Old 24 December 2022, 11:50 AM   #30
NachoNeal
"TRF" Member
 
NachoNeal's Avatar
 
Join Date: Oct 2019
Real Name: Neal
Location: Point Loma
Watch: ing the river flow
Posts: 2,856
I didn't find the article at all interesting.
Personally I preferred @amh 's summary.
__________________
.
Sub No Date (14060); Tudor Ranger; Explorer (124270); Day Date (18238) stolen by wife; CasiOak.
NachoNeal is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches

OCWatches

Asset Appeal

Wrist Aficionado


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.