The situation in canada...

[AbsolutelyROLEX!]

So 2 years ago, I was told by a certain AD here in Canada that I was put on the waiting list for a pepsi gmt by a salesperson that I had built some rep with.
Yesterday I emailed the AD and told them my story
The salesperson that answered me told me they never had a waiting list.
LIE # 1
I told the person that I had bought 4 other rolexes there over the years, and after 2 years was wondering if there was any chance of finally getting a pepsi, as I really want one for myself.
The salesperson asked me if I can prove that I still own any of the rolexes I had bought.
I answered him saying that no, when I get bored of them I sell them for something different.
I also said in a joking manner that I had looked online and there are hundreds listed there at ridiculous prices, so I thought that is what is normally is happening anyways, and that I didnt really feel like paying thousands more.
After that, no response....
LETDOWN # 1

Slowly I am getting very perturbed.
When I see all the bnib ones here and every other forum, just sitting there listed for thousands more, and I cant get one because of that.
This happens to be one that I really want for myself.
Now before everybody jumps on me saying “well you’re a flipper arent you, serves you right!
Let me make this statement and rebuttal:
I have to prove that I am not a flipper? What difference does that make, when probably 70% of the hot models get flipped anyways?!?
I mean look here, Pepsis, hulks, daytonas, batmans, daytonas rootbeers daytonas
One after the other bnib
Where did they all come from?! FROM FLIPPERS!
People that got them from AD’s and sell them for profit!
Now, I dont blame them, I blame Rolex, for making the new rules 3 years ago to only sell to supposed non-flippers.
What happened? It only enabled them.
The famous economist milton friedman had the correct view:
As in the narcotics industry, as soon as you try to control and limit the supply, it only ends up enabling the illegal underground dealings, and only the large cartels become successful and survive, and drives up price and demand.
This happened during prohibition in the 30’s, after which the government finally said “well that didnt go too well, i guess we will stop controlling that”
This is what has happened to rolex. Their plan has backfired.

[jamesthejeweller]

I had a similar experience that descended into absurdity from the AD. I shared my story with TRF members in a recent thread and got totally flamed. I suspect the more aggressive commentators were grey dealers.

I feel you bro, the situation is disgusting.

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[42itus]

Originally Posted by AbsolutelyROLEX!

So 2 years ago, I was told by a certain AD here in Canada that I was put on the waiting list for a pepsi gmt by a salesperson that I had built some rep with.
Yesterday I emailed the AD and told them my story
The salesperson that answered me told me they never had a waiting list.
LIE # 1
I told the person that I had bought 4 other rolexes there over the years, and after 2 years was wondering if there was any chance of finally getting a pepsi, as I really want one for myself.
The salesperson asked me if I can prove that I still own any of the rolexes I had bought.
I answered him saying that no, when I get bored of them I sell them for something different.
I also said in a joking manner that I had looked online and there are hundreds listed there at ridiculous prices, so I thought that is what is normally is happening anyways, and that I didnt really feel like paying thousands more.
After that, no response....
LETDOWN # 1

Slowly I am getting very perturbed.
When I see all the bnib ones here and every other forum, just sitting there listed for thousands more, and I cant get one because of that.
This happens to be one that I really want for myself.
Now before everybody jumps on me saying “well you’re a flipper arent you, serves you right!
Let me make this statement and rebuttal:
I have to prove that I am not a flipper? What difference does that make, when probably 70% of the hot models get flipped anyways?!?
I mean look here, Pepsis, hulks, daytonas, batmans, daytonas rootbeers daytonas
One after the other bnib
Where did they all come from?! FROM FLIPPERS!
People that got them from AD’s and sell them for profit!
Now, I dont blame them, I blame the ADs, for making the new rules 3 years ago to only sell to supposed non-flippers.
What happened? It only enabled them.
The famous economist milton friedman had the correct view:
As in the narcotics industry, as soon as you try to control and limit the supply, it only ends up enabling the illegal underground dealings, and only the large cartels become successful and survive, and drives up price and demand.
This happened during prohibition in the 30’s, after which the government finally said “well that didnt go too well, i guess we will stop controlling that”
This is what has happened to rolex. Their plan has backfired.

I can relate to your situation. Many of us can.

But I have a question, why do you say their plan has backfired? You could make the argument that their plan is wildly successful. If there is a huge demand and there is an illusion of exclusivity, how does that hurt them?

[AbsolutelyROLEX!]

Originally Posted by 42itus

I can relate to your situation. Many of us can.

But I have a question, why do you say their plan has backfired? You could make the argument that their plan is wildly successful. If there is a huge demand and there is an illusion of exclusivity, how does that hurt them?

Well when I made another AD aware of what was going on they were completely surprised
I really dont think this was in their plan
They still all think they are selling to non-flippers, all these so called special people who rolex thinks live up to their qualifications

[AbsolutelyROLEX!]

Plus, rolex stock ends ip being sold by non authorized dealers

[Cinquecento]

I think if you could prove you weren't a flipper it would've helped your chances, i guess only option is wait it out or pay the premium

[42itus]

Originally Posted by AbsolutelyROLEX!

Well when I made another AD aware of what was going on they were completely surprised
I really dont think this was in their plan
They still all think they are selling to non-flippers, all these so called special people who rolex thinks live up to their qualifications

I think they are well aware that they are selling to flippers. But that’s just my opinion.
In any event, I’m not defending Rolex or ADs or flippers. It upsets me too. I’m just saying that this is a really good situation from a business point of view.

Just look at Omega and compare it to Rolex. I love Omega watches. But would you rather habe your pre owned pieces selling at 30% above retail like Rolex or BNIB selling at 20% below like Omega?


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[ganiccus]

Originally Posted by Cinquecento

I think if you could prove you weren't a flipper it would've helped your chances, i guess only option is wait it out or pay the premium

This. Doesn't look like you are really into collecting Rolex watches if you got rid of them all, more like you are chasing the thrill of hoarding.

[AbsolutelyROLEX!]

Originally Posted by Cinquecento

I think if you could prove you weren't a flipper it would've helped your chances, i guess only option is wait it out or pay the premium

You are absolutely right
But like I said...MOST OF US ARE FLIPPERS ANYWAYS! LOL

[brandrea]

I’m not sure follow Andy ... You’re upset because your AD won’t sell you a BLRO?

[AbsolutelyROLEX!]

Originally Posted by ganiccus

This. Doesn't look like you are really into collecting Rolex watches if you got rid of them all, more like you are chasing the thrill of hoarding.

Also right
But how many of us still own every single rolex we ever bought!
Barely any

[AbsolutelyROLEX!]

Originally Posted by brandrea

I’m not sure follow Andy ... You’re upset because your AD won’t sell you a BLRO?

No, I am upset at the unending supply outside of ADs that is causing me not to acquire one

[Screaminbones]

I'm not a flipper

[AbsolutelyROLEX!]

Originally Posted by Screaminbones

I'm not a flipper

Ah a unicorn, very nice Wayne good for you!

So a funny thought regarding flippers,
A lot of people do that with cars and women right?
Always trading up for a better model LOL!

[Wcdhtwn]

AD isn’t going to sell to you if you’re a flipper. They are under zero obligation or commitment to sell to anyone, they can sell to whoever they want to and not sell to whoever they decide.

If you want the watch from the AD you’re complaining about you’d better figure out a way to walk back the admission of flipping. Otherwise get a comfy chair to wait it out, or pony up the gray market premium.

I’m not judging you for selling watches, IMO once you buy it’s yours. If Rolex wants say in what you do with your property, or it affects how you’re treated in the future, they should be leasing watches, or have a financial stake in the ownership.

[AF_Rob]

Originally Posted by Screaminbones

I'm not a flipper

I'm not either, Wayne.

[Dyim]

Originally Posted by AbsolutelyROLEX!

Also right
But how many of us still own every single rolex we ever bought!
Barely any

I have multiple 'hot models' and have never sold a watch.

Originally Posted by AbsolutelyROLEX!

Ah a unicorn, very nice Wayne good for you!

So a funny thought regarding flippers,
A lot of people do that with cars and women right?
Always trading up for a better model LOL!

Seriously?

[AbsolutelyROLEX!]

Originally Posted by AF_Rob

I'm not either, Wayne.

Wasnt condemning flippers here
A lot of us just cant afford to keep a whole bunch at a time
I wish rolex had warned us in the past and told us to keep all our watches or in the future you cant buy anymore.

[AbsolutelyROLEX!]

Originally Posted by Wcdhtwn

AD isn’t going to sell to you if you’re a flipper. They are under zero obligation or commitment to sell to anyone, they can sell to whoever they want to and not sell to whoever they decide.

If you want the watch from the AD you’re complaining about you’d better figure out a way to walk back the admission of flipping. Otherwise get a comfy chair to wait it out, or pony up the gray market premium.

I’m not judging you for selling watches, IMO once you buy it’s yours. If Rolex wants say in what you do with your property, or it affects how you’re treated in the future, they should be leasing watches, or have a financial stake in the ownership.

I hear you definitely
My point here is that at least 70% are getting flipped anyways with watches that came from the very same ADs that wont sell to flippers.

Can anyone see my point?

[Chloe&Harley]

Can’t you use the profit(s) from the watches you’ve flipped and buy what you want through grey with no money out of pocket ?

[FTX I]

Originally Posted by AbsolutelyROLEX!

The salesperson asked me if I can prove that I still own any of the rolexes I had bought.
I answered him saying that no, when I get bored of them I sell them for something different.
......

I have to prove that I am not a flipper? What difference does that make, when probably 70% of the hot models get flipped anyways?!?

I mean look here, Pepsis, hulks, daytonas, batmans, daytonas rootbeers daytonas
One after the other bnib
Where did they all come from?! FROM FLIPPERS!
People that got them from AD’s and sell them for profit!
Now, I dont blame them, I blame Rolex, for making the new rules 3 years ago to only sell to supposed non-flippers.

On your last thread you made an offer on a Daytona and when the seller accepted you disappeared. Now you say you're a flipper, and you want our sympathy. It's confusing.

https://www.rolexforums.com/showthre...=734158&page=6

[AbsolutelyROLEX!]

Originally Posted by Chloe&Harley

Can’t you use the profit(s) from the watches you’ve flipped and buy what you want through grey with no money out of pocket ?

That was years ago and not even relevant, as that money is long gone for living expenses.
A lot of you forget that a lot of us did it to supplement our income to be able to pay our bills
This is why I never condemn grey dealers, its their living to survive.
When I was selling there was an overabundance and I always sold cheaper than anyone else, and never took stock away from anyone else

[AbsolutelyROLEX!]

Originally Posted by FTX I

On your last thread you made an offer on a Daytona and when the seller accepted you disappeared. Now you say you're a flipper, and you want our sympathy. It's confusing.

https://www.rolexforums.com/showthre...=734158&page=6

Now that was a low blow yikes
I have been put out of business for the last 3 years due to the new business model
I have not been involved in any of the “above msrp” sales
As stated above, I sold when there was plenty of stock, lower than anyone else and did not take away anyone elses chance of acquiring
Please remember it was to supplement my low income to make ends meet

[Showcall]

Originally Posted by AbsolutelyROLEX!

Also right
But how many of us still own every single rolex we ever bought!
Barely any

I own all 3 Rolex's that I have bought brand new!

[FTX I]

Originally Posted by AbsolutelyROLEX!

Now that was a low blow yikes

I don't mean to offend. I really don't understand. Anyway, good luck.

[LuxLemon]

You are practically begging to buy an $11,000 watch.

Their plan hasn’t backfired.

That’s if you think they even had a plan to begin with.

[LuxLemon]

Have you made any profit by selling the ones you previously owned?

[Old Expat Beast]

OP, your most recent sales listing starts off by saying: "Hi guys, haven't posted a sale in a while, good ol' rolex's new policies put me out of business LOL!"

Does that have anything to do with this rant?

[LuxLemon]

Lol what a joke.

[Craigdwh]

Originally Posted by AbsolutelyROLEX!

Wasnt condemning flippers here
A lot of us just cant afford to keep a whole bunch at a time
I wish rolex had warned us in the past and told us to keep all our watches or in the future you cant buy anymore.

If you can't afford them, then don't buy them.