re: Rolex watches

Rolex is a great watch. The problem with Rolex is that there are too many people who only know about Rolex and don't realize what other awesome watches are out there. So everyone who sniffs money buys a Rolex first. Doesn't mean they are bad watches. I personally don't like the look of most of them, but that goes for quite a few of the big name brands. So in reality, when people hate on Rolex, they hate because it's too popular. So you are basically a hipster, which means you are basically terrible .

I realize that there's a big push to increase the minimum wage, but you should come back when you're making real money and we can suggest some decent watches for you. Rolex?

Rolex?
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Patek Phillipe FTW

Rolex have become trashy as hell. I own probably 12 but haven't pulled them out of the safe in years

I bought a Roleex in Mexico. Stopped working about a month later

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Prices in retail outlets are controlled by Rolex

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This. Rolex has also been known to force their authorized dealers into big money remodels of their storefronts. Things like stainless daytona's and green on green subs bring higher than retail.

From what little I do know, I'm pretty confident that a dealer is making about 40% on average from MRSP.

*edit* Look into Tudor watches if you are a Rolex fan. My old man has been wearing a Tudor Black Bay lately, its a beautiful watch.

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Worked in the business for years. Markup is around 215% depending on the mode

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Who did you work for? I'm not calling bullshite but I've bought and sold probably close to 30 of these things over the last decade and this is no where close to any number I've heard from my friends in the industry. I can see some of the more rare models bringing that kind of money but your average DateJust or Sub is no where near that kind of mark up.

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And anyway, Tag watches are the better bet.

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Laughable. No way a tag holds value like a rolex.

Yes you can get a deal on a new rolex but generally not around here. Keep pushing and you may be able to get 10-15% at most. I "heard" a certain dealer on Metairie road "may" do this. I have heard Adlers and Lee Michaels will not. I have bought and sold a couple nice watches on the rolex forums and have had great experiences. Some new, some used. I like to flip watches after a while and I'd much rather save 20-30% and pay no tax if I know I will sell it a year later. There are some gray market dealers that even have new watches as well.

I love my Rolexes and am not concerned with the perception of wearing one at all. I own a Submariner & a Yachtmaster (the Sub is my everyday watch and but I rarely wear the Yachtmaster)- but won both in sales contests and not sure if I had to go out-of-pocket that I would purchase one but I do love their watches.

My local Costco (N. Scottsdale) carries a limited selection of Rolexes and knowing how closely Rolex regulates their product I wonder how Costco acquires them and can discount them so much as they are obviously not acquiring them from Rolex directly. I've seen men's and women's Datejusts there and currently they have a platinum Yachtmaster on display priced at $34K- I think list for the watch is $42K. I'm assuming they are getting them somewhere on the gray market and have heard Rolex has tried to close the pipeline of watches going to Costco but obviously have had no luck. I asked the jeweler near me who carries Rolexes and he assumes it was from Rolex distributors who went out of business.

I worked for Tudor (parent company of Rolex)and sold directly to retailers. I know what I sold them for and I know what the retail contract prices were. Been out the time piece business for 3 years.