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17 February 2010, 08:36 AM | #1 |
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Abouttime.com -- This story sound legit?
Ok, you guys are the real Rolex pros, I'm a mere rookie. While I have owned one in the past and crave another one now, I know very little. Anyway, just had a long conversation with a person with abouttime.com. He tells me abouttime.com is NOT a Rolex AD, BUT his partner's store is. Thus, the watch I would buy from abouttime.com would have a real 100% genuine Rolex warranty. He prices a brand new TT Datejust (116233 -- jubilee bracelet) at $6,650. Ok, so, anyone care to chime in if this sounds "to good to be true"? Thanks so much.
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17 February 2010, 08:47 AM | #2 | |
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17 February 2010, 08:50 AM | #3 |
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Tunacan, I'm not 100% sure, but if you buy a NEW Rolex from a "GREY" dealer, i.e. abouttime.com, your warranty would be voided. IF on the other hand, that grey dealer also owned an AD store (Authorized Dealer), I guess it would be his call whether or not to honor the warranty. Some of the more seasoned vets here can tell you for sure, though.
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17 February 2010, 09:37 AM | #4 |
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Well, let's hope some seasoned vets step up?
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17 February 2010, 05:27 PM | #5 |
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Hi Tunacan26,
Welcome to TRF I have to agree with Earl here, there has been cases of blank warranty papers floating around.that 16233 would be a TT DJ from the early 90's, unless its new old stock and never worn I would say the watch would only be covered by the local warranty from the gray dealer, I would check into the history of the watch, the serial will state the year of manufacture. I know there has been chit chat on Gray dealers on selling new Rolex watches, but i know that Rolex ar not keen on this as it does displace the first one year warranty as only a Rolex AD can present these warranties as only a Rolex RSC can give you the one year warranty after a service. Look into this deal very carefully, check the history on the watch, remember you may not get the one year warranty from purchase, but any services you do in the future will cover you for a year. Hope this helps a bit, I have only ever purchased from AD's in the past, but my next purchase will be through one of the great sellers here on TRF. Dave.
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17 February 2010, 06:04 PM | #6 |
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17 February 2010, 06:23 PM | #7 |
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Indeed , what Earl is saying is true . It actually used to happen a lot more with the paper warranty cards . Rolex started to control more when they were getting well worn 10 year old watches in for service under warranty ...
Nowadays an AD cannot let leave a watch without the card properly filled under penalty of losing their AD status .I believe that they report the buyers name and date to RSC of the respective country as and when the watch is sold . It still happens .... believe me . |
17 February 2010, 08:53 PM | #8 |
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Thanks for the replies, but my ignorance just doesn't quite get all this warranty card business. I mean, I know my current watch, an Omega, has a completed warranty card, completed by the AD I bought it from. So, when purchasing a gray market watch, do you just get a totally BLANK warranty card? Meaning, any work done at Rolex if needed would be out of pocket? Likely I imagine. The curious thing is the person at abouttime.com seemed to imply this was a BRAND NEW MOST CURRENT watch, coming directly from Rolex (my understanding was the partner store was an AD) for which warranty work at Rolex (if needed) would be available. I dunno, you guys are the experts here, but something sounds a little fishy to me.
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17 February 2010, 10:28 PM | #9 |
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Don't know about the warranty issue but I'm not overly impressed by their web site. Very hard to navigate. Mostly stock pictures shown and then, only one. Thus, the buyer must ask for additional pictures. This forces one from the outset to give up all kinds of contact info. I have enough spam to contend with as is.
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18 February 2010, 05:45 AM | #10 |
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I have no direct knowledge about ANY particular gray market seller; there are different types of gray market watches. One the gray market seller buys and owns the watches from an AD; usually the AD has to move old stock to make room for new or he may be going out of business or losing his AD status so one is buying from the gray market seller's stock.
Another way is the gray market seller has a buyer for a particular Rolex watch he does not own. What he does is contact an AD that he works with as a middle man; there can be one or one hundred depending on the amount of sales the gray middle man generates. The watch is then shipped to the gray middle man or it may even be drop shipped directly from the AD to the buyer. As you can see if a gray middle many moves a few thousand watches a year he can get a good price from his AD "partners". |
18 February 2010, 06:39 AM | #11 |
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Thanks for the responses. Just on a goof I stopped by an AD today. I'm not a customer, not getting any special deals. Nevertheless, he quoted me a 15% off retail price on a TT datejust. Might be a sign of the economic times....I continue to be wary of many grey market type dealers....Shouldn't be so hard to get a decent deal on a watch.
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18 February 2010, 08:11 AM | #12 | |
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18 February 2010, 08:46 AM | #13 |
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So, I spoke at length with a co-owner of abouttime.com today. I figured she wsas the co-owner based on the name she told me, and review of their website info. Very nice person. She tells me the Rolex I buy from them WILL have an AD stamped on thier warranty doc. Unfortunately, she wouldn't tell me who that company was....Geez. Bothered me. Anyway, quoted me $6,735 (credit card) on 116233 TT (most recent Model series....) or 2% less with cash payment, incl. personal check. Certainly nice price I think....
Again, thanks for the people responding to this post, must think I'm a damn dope! |
18 February 2010, 10:30 PM | #14 | |
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19 February 2010, 09:09 AM | #15 |
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Thanks for the responses everyone.
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12 April 2010, 05:56 AM | #16 |
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...and -
Well Tunacan26. What happened?
Did you do the deal or neg?. just curious.! |
12 April 2010, 08:06 AM | #17 |
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Nope. Though not because of any ill feelings about the company.
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12 April 2010, 08:27 AM | #18 |
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Ok. thats cool.
I was just wondering how it went. thx |
12 April 2010, 07:01 PM | #19 |
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Chuck, Any tine you need a look into something let us know.
Best of luck on the hunt
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