Malaysia Watch Forum
Main Forums => General Discussion - Modern Watches => Topic started by: WHLiew on September 13, 2019, 03:47:45 PM
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Hi MWF folks, I’m newbie to luxury watches and have heard numerous “horror stories” regarding waiting list (the infamous Rolex sports models and Patek’s Nautilus). I have some queries on waiting list and hope you veterans can give some advice:
1. Is it a requirement to place deposits to be on the list?
2. Do those who place deposits stand a higher chance of getting a call from ADs than those who do not?
3. Do ADs contact buyers according to the order of the waiting lists or it is at their discretion (read: whoever they like)?
4. How should one follow up on the status and how often do you normally do that?
5. Which ADs would you recommend?
Thank you!
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Waiting lists simply don't exist for popular models from PP, AP and Rolex. You won't get one even if you were to pay in full for it nor will they allow you to do so. You will need to "build" a relationship with the AD by buying other watches and eventually have an impressive enough purchase history to be allocated a hot model at RRP. If that is too much trouble, just buy one at a premium or better still, buy other brands.
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doesn't really matter whether your pay any deposit. All you need to do is to have good spending record and have good relationship with the ADs.
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Like everyone else mentioned, without a purchase history it’s nearly impossible to get the rare watches.
Deposit doesn’t mean a thing at all, and in addition to purchase history I think good conversations with the AD is important.
Lastly, be nice to them. I’ve heard ADs talking about rude big spenders who demands rare pieces quickly - they don’t like that.
If too much hassle, just go grey :)
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Thanks for the reply guys but HOLY SH*T! ADs have so much power that they’re making Kim Jong-un jealous.
But seriously, I am quite hesitant to splash cash on buying watches I don’t really like just to build relationships with (or rather, to please) the ADs.
Didn’t know waiting list was just an illusion :'(
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Thanks for the reply guys but HOLY SH*T! ADs have so much power that they’re making Kim Jong-un jealous.
But seriously, I am quite hesitant to splash cash on buying watches I don’t really like just to build relationships with (or rather, to please) the ADs.
Didn’t know waiting list was just an illusion :'(
Not really, Tudor waiting list is real
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
Tried. Didnt work. There is always another more preferred customer.
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
If only it wuz that easy bro. If only.
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
I doubt this would work...even geeting a PP Nautilus also not easy
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
I doubt this would work...even geeting a PP Nautilus also not easy
PP limits its yearly watch production to only 50k pieces.
It's more worse than Rolex.
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
I doubt this would work...even geeting a PP Nautilus also not easy
PP limits its yearly watch production to only 50k pieces.
It's more worse than Rolex.
But will patience pay off? I don’t mind waiting for 8-10 years for a Nautilus (yet), but looks like Rolex’s waiting list doesn’t exist at all.
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
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Doesn't work unless you bought the Nautilus from them
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
What a navie thought. It is a joke,right? Unless you have already bought an entire collection from them and continue to buy new models from them. I don't think you get that kinda of service. Selling you a PP nautilus or sports rolex is a favor they repay your patronage
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
I doubt this would work...even geeting a PP Nautilus also not easy
PP limits its yearly watch production to only 50k pieces.
It's more worse than Rolex.
But will patience pay off? I don’t mind waiting for 8-10 years for a Nautilus (yet), but looks like Rolex’s waiting list doesn’t exist at all.
If you think Rolex waiting list does not exist, PP is even more elusive when it comes to the Aquanaut and Nautilus. The market is such that you need to have spent millions on other watches, royalty, renowned celebrity or all of the above before they will even think of allocating you a Nautilus (especially a 5711) at RRP.
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In short, they market their watches in such a way that the watches are so premium and only their defined "high class" VIP are eligible to own their watches.
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My AD told me, Rolex SA trying to up Tudor brand level to take over Rolex and Rolex going up to AP level. Not sure how true is this. If this is true, soon we will see nothing at Tudor counter too. ;D
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It's really baffled me as to why some people is just so lucky :Laughing_on_floor:
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Waiting list, what waiting list :D :D :D .......... Ask to see the store supervisor or manager, hand your business card in wrist wearing Patek Nautilus, ask for the model you want within certain time frame, confirm to pay cash ......... Certainly the person will personally hand deliver it to your office well before the stipulated time frame. Of course, must guarantee to settle in full by banker cheque or credit card.
What a navie thought. It is a joke,right? Unless you have already bought an entire collection from them and continue to buy new models from them. I don't think you get that kinda of service. Selling you a PP nautilus or sports rolex is a favor they repay your patronage
True. That's just for the entry professional models. Inquired for an associate of mine that is looking for the rainbow WG daytona the other day and was told not to bother as the AD only receives it 3 pieces a year. Mind you, that's after i referred my business partner that spent over 400k with them for a company annual dinner giveaway. They did offered a batgirl as consolation
One of the story I've heard was that since there are alot of walk in clients. Some SA would marked the sales as referral by cahooting with an outsider using the referrals as justification to sell a particular hot model to these trusted referee in order to flip the watch outside.
*disclaimer. Story above is merely shared as entertainment and not reffering to any particular party or person. Story above cannot be substantiated by 1st party account(s) nor should it be taken as factual. If you choose to believe it, I would not take responsibility and indemnify myself against any legal liability.
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My AD told me, Rolex SA trying to up Tudor brand level to take over Rolex and Rolex going up to AP level. Not sure how true is this. If this is true, soon we will see nothing at Tudor counter too. ;D
With the numbers Rolex are producing, very hard for them to hit the AP level. Yes, price-wise their professional models are selling for a lot, but horologically speaking AP is still a notch better.
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In conclusion, you need to proof to your AD how much profit you can help them make by buying their other brand watches then they will consider letting you play in their "preferential" waiting list..
If they don't know you and you went in straight and ask for a popular model, they will just entertain you with no stock or waiting list 10 years.. hahaha
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Well if OP is after just 1 or 2 professional watches, can consider going grey. Will cost a lot more money and time to build up a relationship to get the watches.
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Ask yourself, how many rolex(s) you can afford? if you're just after 1 or 2, grey market is better, pay the premium and you can have it on the spot. While waiting list on AD, you have no idea when they are going to call you or did they actually put down your name on it...
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
This is called "having more money than sense" and it's a nice situation to be in actually....
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
I guess it kinda makes sense. 30K will probably get you 2 non sports models max? Barely enough to “build relationships” with any ADs. :-\
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Honestly, it's not worth it to put your name on a waiting list and the premium you'll pay to get the watch from the grey market is crazy high.
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few years ago before the launch of the WG pepsi , yea maybe they put you in a genuine list, in such a situation now, i doubt they have on in existence, if at all. :Scolding:
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Yesterday I sent an email to an Rolex AD to enquire the availability of the Submariner. I was asked to put my name in a waiting list by the CRM. However, the sales lady in the AD just asked me to write my name and contact on a paper, I am doubt that they will look into my request seriously. She told me I might have to wait for a couple years to get a watch.
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Yesterday I sent an email to an Rolex AD to enquire the availability of the Submariner. I was asked to put my name in a waiting list by the CRM. However, the sales lady in the AD just asked me to write my name and contact on a paper, I am doubt that they will look into my request seriously. She told me I might have to wait for a couple years to get a watch.
Waiting list do exist. However, it is hand-picked not by order.
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Yesterday I sent an email to an Rolex AD to enquire the availability of the Submariner. I was asked to put my name in a waiting list by the CRM. However, the sales lady in the AD just asked me to write my name and contact on a paper, I am doubt that they will look into my request seriously. She told me I might have to wait for a couple years to get a watch.
Waiting list do exist. However, it is hand-picked not by order.
The more you buy from them, you move up from the list faster
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Yes. And as far as I know. Those they walk in and demand to put into daytona waiting list will be thrashed out. But only those that actually bought/referred someone will be placed into it. Practice might defer from each AD.
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Yesterday I sent an email to an Rolex AD to enquire the availability of the Submariner. I was asked to put my name in a waiting list by the CRM. However, the sales lady in the AD just asked me to write my name and contact on a paper, I am doubt that they will look into my request seriously. She told me I might have to wait for a couple years to get a watch.
Waiting list do exist. However, it is hand-picked not by order.
The more you buy from them, you move up from the list faster
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Omg, sound so much like a direct sales business ;D
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No point in arguing about the existence of waiting list. IT DOESN'T EXIST. Availability of those sought after models really depends on your social status & affordability PERIOD!
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In fact they really used to have. I was called for a certain model after 2 months putting my name in the list. Its the AD in klcc. However post BLRO the list just goes to hell & cease to exist anymore.whats left is just a convenience in shrugging off and lip service.sad.
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I been told that, for Rolex Sport model have to q up few years. The Q based on your previous purchased history. Purchased history min around 100-150k a year, then your turn will be faster.
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To chip in my experience today.
Visited Watatime 1Utama today to try my luck on a Tudor GMT and the branch manager told me that there's 19 people on the waiting list. I asked if the waiting list is real and if they are actually getting their watches, and she told me that each and everyone on the list paid full retail in advance to be on the list. Watatime will receive few watches a month and will distribute to them based on the invoice date. Hence, I believe it is a first come first serve basis here.
That being said, I was shown the list and the next-in-line guy actually paid the full advance on July 2019.
If one thing I learn today, it is that the list is real [at least for tudor] and there's hope in getting one eventually if you can wait.
Best Regards,
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
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One AD recently told me for certain rare models we can register our interest with them rather than called it a wait list. ::)
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:mooning:Walk into a local AD on the weekend, though I knew the answer yet I still asked the question how can I get my hands on the sports model. I was told by the sales person unless I spent 150k above, i wont be in the list at all!
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Sometimes I think this is just getting way out of hand. PP I somewhat understand due to the low volume, but Rolex churns out about a million watches a year and I find it odd that they choose to instead continually churn out blinged-out Rolesor DJs when their SS sport models are in much higher demand.
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From what I know after purchased another brand new hulk by paying the premium recently for a brand new piece is that, the outlet manager are the one to decide who they wanna sell the watch to. Often are sold to so called runners. These runners acting as a middle broker then selling all these very sought after sports model to the grey market retailers then finally real collectors like us who couldn't bloody wait but wanted it so bad would end up buying from them at a premium. I once asked a runner who I bumped into while buying my first Rolex, i.asked how many watch he sold a month on the peak period... he smiled and said 100 over on a bad and 200 over on a good month.. they dont just getting from the local AD but globally.. that is just one runner. How many are they, I dont know. Interesting story when comes to understanding how the watch industry works. Back to basic, demand vs supply.
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Well, as I couldn't wait and found a brand new hulk dated 2018 with full stickers intact I had to get it. been waiting over 2 to 3 years from AD and was once offered deepsea dweller which I wasn't interested.. never heard from them since though I specifically requested for a Hulk. Ended up bought a new piece where I pay 24k over retail, warranty card from Singapore AD Around 58.5k for a brand new hulk is ok. For a 2019 model can get for 60.5k but without stickers and oversea ad on the warranty card. I guess if you really want it, and can afford it, then get it. Rolex prices increases every year.
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More power to you. As much as I like the Submariner, I personally can't justify the extra cost over RRP of going grey market. 20k+ markup on the Hulk would be damn difficult for me to swallow. I have been eyeing the non-date Sub for a while now, and even that's a 10k++ markup for the most basic model yikes!
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At first I was unwilling to pay for such premium, thought about it for a long long time.. short term pain long term gain I guess.. I dont really travel for holiday like my wife so in order to comfort myself I used that as a reason to make myself feels better ????
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At first I was unwilling to pay for such premium, thought about it for a long long time.. short term pain long term gain I guess.. I dont really travel for holiday like my wife so in order to comfort myself I used that as a reason to make myself feels better ????
Lol that's a good way to justify the cost!
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the only way to prevent all this ridiculous mark up of pricing is when people stop paying for it..
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the only way to prevent all this ridiculous mark up of pricing is when people stop paying for it..
A lot of people out there have RM50-100k to "invest" in Rolex sport watches, many have even more. If the price goes up, their "investment" returns are far better than FD rates. And there are many people out there with cash that they cannot keep in banks or assets where the govt can detect so watches and jewelry are some of the easiest way to store this money.
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the only way to prevent all this ridiculous mark up of pricing is when people stop paying for it..
Yes i agree.thats the best way..but vanity always win in the end and there will be endless justifications to over pay for something especially if its something everyone wants but the majority cant or won't afford it. This is enough reason for the practice of scalping the prucrs of rollies to thrive.
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https://www.theborneopost.com/2020/01/16/sarawak-customs-seizes-luxury-watches-worth-over-rm16-mln-in-raids/
Kena sapu by custom
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There will be alternative way to get this issue settled.
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This seems like a syndicate. Apparently it is being "smuggled" through actual mules.. "watch being worn to confuse officer".
New pieces? Didn't mention brand?
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
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From what I know after purchased another brand new hulk by paying the premium recently for a brand new piece is that, the outlet manager are the one to decide who they wanna sell the watch to. Often are sold to so called runners. These runners acting as a middle broker then selling all these very sought after sports model to the grey market retailers then finally real collectors like us who couldn't bloody wait but wanted it so bad would end up buying from them at a premium. I once asked a runner who I bumped into while buying my first Rolex, i.asked how many watch he sold a month on the peak period... he smiled and said 100 over on a bad and 200 over on a good month.. they dont just getting from the local AD but globally.. that is just one runner. How many are they, I dont know. Interesting story when comes to understanding how the watch industry works. Back to basic, demand vs supply.
The AD need to activate the warranty card by swipe the card thru a device and they need to record the owner particular ie full name so that runner can collect or buy how many watches fr the AD? All this info is straight to Rolex geneva.
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the only way to prevent all this ridiculous mark up of pricing is when people stop paying for it..
A lot of people out there have RM50-100k to "invest" in Rolex sport watches, many have even more. If the price goes up, their "investment" returns are far better than FD rates. And there are many people out there with cash that they cannot keep in banks or assets where the govt can detect so watches and jewelry are some of the easiest way to store this money.
This is the thing I hate the most “investment” . They shall park their money at other investments tool instead of watches... sigh
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Capitalism, rich getting richer. Get a preowned Rolex and move on. The waiting list is nothing but a joke.
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Agree with many here, forget about the waiting list, I have friends who spent on average rm100k a year in the same boutique and still not on the VVIP list for Rolex Sub and PP. I personally just got over it and got a pre-owned one, still paid a hefty mark-up.
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Agree forget about waitlist - there are other things in life and other watches one can pursue , while same time prices will keep going up ..
If you really want one I’ve notice a drop in prices for hot models - also with Corona getting protracted who knows prices might drop bit more? ...
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Agree forget about waitlist - there are other things in life and other watches one can pursue , while same time prices will keep going up ..
If you really want one I’ve notice a drop in prices for hot models - also with Corona getting protracted who knows prices might drop bit more? ...
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Being a newcomer to the world of watches, i find it being disgustng when the price that these guys on the grey market are selling it fot. A 10% mark-up is fine but anything more than that is sick.
Plus i don't know why but i just hate buying such watches at a pre-owned condition. Nothing like walking into a AD and picking up your brand new Rolex
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The problem is either the ADs or Rolex themselves are playing a funny game here. Its BS that steel sports model are insufficient. We see lots of turning up in the grey market daily yet the ADs turn us away with impossible waiting lists. We can even read on tabloid that a taiwanese star bought the new pepsi at an AD in singapore some time ago. so it has come to this..reserved only for superstars & VIPS. Well all is fair in the world of luxury goods i guess. Rolex steel sports models are a bitch to find in ADs like birkins in hermes boutiques.
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The problem is either the ADs or Rolex themselves are playing a funny game here. Its BS that steel sports model are insufficient. We see lots of turning up in the grey market daily yet the ADs turn us away with impossible waiting lists. We can even read on tabloid that a taiwanese star bought the new pepsi at an AD in singapore some time ago. so it has come to this..reserved only for superstars & VIPS. Well all is fair in the world of luxury goods i guess. Rolex steel sports models are a bitch to find in ADs like birkins in hermes boutiques.
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I strongly agree with you on the bolded part. Went over to a few grey market dealers in HK and UK (Glasgow and London) and these guys had multiple sports models. What do i mean by multiple ? One guy literally had 15Daytona's and about 10 Pepsi's and a few Batman jublee bracelets.
So looks like my theory has been proven right. These ADs themselves are selling it over to these grey market dealers probably for a mark up. From the ADs point of view, why should i sell to an individual and only make a x% of profit when i could sell them off to a grey market dealer and make multiple folds with the opportunity of selling them more stuffs ?
Screw this man, really wanted to collect these watches and set a goal back in 2014 that i envisioned to at least have one of each of the steel sports models in my collection and it seems that it wouldn't happen.
Tried moving away from this goal but its impossible to just move away from something that you have a passion and keen interest for. On the other hand, paying an absurd level of premium just isn't justifiable.
Sincerely hope that ROLEX get's down to this issue asap
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It's been discussed a bit on here and generally agreed that ADs sell to grey dealers as a bundle. The greys have to take a few "dead stock" for every hot model where dead stock is not just ROLEX. It could be any brand the AD carries. Don't just think about all those hot ROLEX SS sports model he has.
Back in the "old days", dealers have to take solid gold models to be able to get a steel Daytona but now since all ROLEX are hot models, dealers will have to take other non moving models from other brands.
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It's been discussed a bit on here and generally agreed that ADs sell to grey dealers as a bundle. The greys have to take a few "dead stock" for every hot model where dead stock is not just ROLEX. It could be any brand the AD carries. Don't just think about all those hot ROLEX SS sports model he has.
Back in the "old days", dealers have to take solid gold models to be able to get a steel Daytona but now since all ROLEX are hot models, dealers will have to take other non moving models from other brands.
That is just unfair to collectors like me who wish to own every Rolex models.
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It's been discussed a bit on here and generally agreed that ADs sell to grey dealers as a bundle. The greys have to take a few "dead stock" for every hot model where dead stock is not just ROLEX. It could be any brand the AD carries. Don't just think about all those hot ROLEX SS sports model he has.
Back in the "old days", dealers have to take solid gold models to be able to get a steel Daytona but now since all ROLEX are hot models, dealers will have to take other non moving models from other brands.
That is just unfair to collectors like me who wish to own every Rolex models.
Unless the AD knows you very well, he would assume you’re just another buyer waiting to get a hot model to flip in the open market...
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
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You mean the AD is asking you to do that? Spending a 100k in order to get a SS model and if not there's a premium of 9k? Which AD is this?
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So its these ADs' games after all. Might as well jz shut down shop and change biz model to bulk distributors. Theres no value in being an AD like this
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So its these ADs' games after all. Might as well jz shut down shop and change biz model to bulk distributors. Theres no value in being an AD like this
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This
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So its these ADs' games after all. Might as well jz shut down shop and change biz model to bulk distributors. Theres no value in being an AD like this
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Hahaha, just go online and use pre-order modal.
Win win and everyone happy. Rolex know what to make to sell, consumers get what they want. AD is useless and wasting everyone resources.
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
100K vs 9K, premium seem to be a bargain eh.
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
100K vs 9K, premium seem to be a bargain eh.
Yeah.. but it's not even one with date or GMT master or daytona
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So its these ADs' games after all. Might as well jz shut down shop and change biz model to bulk distributors. Theres no value in being an AD like this
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To be clear, I am not an AD nor related to one.
If you were the AD, you'd think differently. You have sales targets set by suppliers/brands. You cannot sell what you want only what is assigned to you by the source.
A decade ago, you had to sit on stock and work hard and give discounts to persuade consumers to buy the watches.
Now, people are knocking on your door every day to ask about 4 or 5 particular models. Those DJ that are 20% and still sat in displays are now snapped up at RRP. Solid gold sports models are moving as well and people will buy if you give 10% off when nobody wanted them even if you offered 25% a decade ago.
Everyone wants to buy your cheap stainless steel and less people want to buy the solid gold ones. You can see one of the posts here someone offered the 326933 but he prefer the 326934.
Things are getting better for the AD in terms of ROLEX but the other brands are still sitting there. After you browse the ROLEX area, go see all the stock sitting in the OMEGA, B&R, Hublot, JLC, Cartier ..... and maybe you can see why AD need to use the hot stock to move the dead stock.
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Exactly why they need to shut down shop.theres no value here for both seller & buyer except to settle for 2nd choices & dead stocks. Just let people get what they want from grey dealers or just allow pre order online directly from the brand the model they want. so consumers can always go for their first choices of luxury timepieces rather than settle for something they do not really want in the first place. Saves a lot of heartaches for both side doesn't it? . But well this is not a perfect world and capitalism has its flaws.
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
100K vs 9K, premium seem to be a bargain eh.
Doesn't make a damn sense right?
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
100K vs 9K, premium seem to be a bargain eh.
Doesn't make a damn sense right?
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Obviously you do not fully understand the retail industry. The AD experience may not cater to your tastes so you should go to the grey dealers and pay the premium for that ONE watch.
Some people actually enjoying buying a watch every few months when stock shows up and probably from different brands and probably spend more than 100k per year so the AD will be more willing to sell the ones that are in higher demand to this collector without a premium.
The way I see it, an AD is more willing to sell a high demand watch to a collector who loves the watch than just to that first time buyer who wants the hot model that everyone else wants and will most likely sell it off when the price is right. The AD doesn't get many watches and would prefer to either satisfy that particular customer or use it to move dead stock. Making one customer happy and never seeing him make another purchase isn't good business sense.
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The Hour Glass told me that you have to spend RM150k annually in order to get those watches, whereas the Swiss Watch Gallery said to spend RM100k on the respective brand
Spend RM 150k in order to get what kind of watches? Rolex submariner? Pepsi in steel?
The last I heard was spending 100k on other watches, not available for discount, to buy a submariner no date at retail.. else premium for rm9k
100K vs 9K, premium seem to be a bargain eh.
Doesn't make a damn sense right?
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Obviously you do not fully understand the retail industry. The AD experience may not cater to your tastes so you should go to the grey dealers and pay the premium for that ONE watch.
Some people actually enjoying buying a watch every few months when stock shows up and probably from different brands and probably spend more than 100k per year so the AD will be more willing to sell the ones that are in higher demand to this collector without a premium.
The way I see it, an AD is more willing to sell a high demand watch to a collector who loves the watch than just to that first time buyer who wants the hot model that everyone else wants and will most likely sell it off when the price is right. The AD doesn't get many watches and would prefer to either satisfy that particular customer or use it to move dead stock. Making one customer happy and never seeing him make another purchase isn't good business sense.
True. I've seen a young chap with his mother, walked-out from an AD (The Garden) with a Daytona (116500LN) and a Hulk (116610LV), everything happened in front of my eyes, from their sale associate brought the watches out for them to checked, peeling the stickers, issued receipt, putting them in the paper bag and walked out.
I can't believe they can scored two extremely hot models at once. I then asked my SA about that, and she answered: their purchased record almost hit 400K, normally there will be around 1 or 2 sport models allocated, yearly.
My SA suggested me to spend a 80K first then she will try to request (from their manager) a sub for me, I refused.
So, even if you're keen to play the AD game, buying DD and DJ every month, do not expect AD will ever allocate any sub/gmt/daytona to you monthly, because a single personal can only be allocated 1 piece (hot model) PER YEAR.
Maintaining a good relationship with SA or branch manager is pointless too. Unsure the others company but the sale associates at THG will not stay at that particular AD for long, 3 months and they will be shifted to other places (different branch/ other brands).
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Still does not make sense. Aren't the grey dealers retailers as well? If the grey dealers can stock stuffs the AD can't what sense is it for the AD to call itself a retailer? makes more sense to close up shop or jz change biz model distributing to grey dealers which in this context are doing a much better job as retailers.
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If it is going to be like if u want something everybody else wants but not everyone can get type of game - open an auction house not retail. Whatever is happening now is pintu belakang and that is what is pissing a lot of people off.
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AD certainly got everything in their safe, they filter the RIGHT customers accordingly, then allocate/sell the watch to them. That's it.
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AD certainly got everything in their safe, they filter the RIGHT customers accordingly, then allocate/sell the watch to them. That's it.
BINGO!
But they won't have a lot of each piece obviously but it's certainly there in case a VVIP calls up and wants one immediately.
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True. I've seen a young chap with his mother, walked-out from an AD (The Garden) with a Daytona (116500LN) and a Hulk (116610LV), everything happened in front of my eyes, from their sale associate brought the watches out for them to checked, peeling the stickers, issued receipt, putting them in the paper bag and walked out.
I can't believe they can scored two extremely hot models at once. I then asked my SA about that, and she answered: their purchased record almost hit 400K, normally there will be around 1 or 2 sport models allocated, yearly.
My SA suggested me to spend a 80K first then she will try to request (from their manager) a sub for me, I refused.
So, even if you're keen to play the AD game, buying DD and DJ every month, do not expect AD will ever allocate any sub/gmt/daytona to you monthly, because a single personal can only be allocated 1 piece (hot model) PER YEAR.
Maintaining a good relationship with SA or branch manager is pointless too. Unsure the others company but the sale associates at THG will not stay at that particular AD for long, 3 months and they will be shifted to other places (different branch/ other brands).
Well, you've debunked your own theory of one piece per year because said young person already took 2 hot models on that one particular day.
And maintaining a relationship with the AD means your name is recorded on purchase, not by the SA only but is in the system so even if the SA leaves, you can always ask to see the manager to have another SA assigned to you. Or deal directly with the manager.
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Still does not make sense. Aren't the grey dealers retailers as well? If the grey dealers can stock stuffs the AD can't what sense is it for the AD to call itself a retailer? makes more sense to close up shop or jz change biz model distributing to grey dealers which in this context are doing a much better job as retailers.
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An AD cannot sell above RRP but the grey dealer can do whatever he likes. An AD cannot choose what is allocated to them, a grey dealer can negotiate his "bundle".
You may not like the situation but it is what it is and no amount of bitching is going to change it. There are people out there who manage to get the watches they want and only the ones who don't are pissed off...
:Cheers:
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Gee this is beginning to sound like transformers robot figure at toys r us or expensive cutleries and scarfs at hermes if u know what i mean. but anyway ya i agree that those willing to pay premiums are happy to own the watches they want..in fact even happier that others don't see the value in paying rm20-30k more than rrp. Just makes it more exclusive. At this point we have to admit that only the rich that gets richer that can play the game of the AD stell sports lolek experience. Well thes are not called luxury timepieces for nothing..one of the very glaring flaws of capitalism. The remedy remains the same - if people stop paying for premiums then probably all this will cease to happen. But vanity always win in the end sadly and this is how it will.continue to pan out. All is well in the end. I will end this with a link to this article if therea anyone here still wondering what the fuss is all about.Cheers! - https://www.ablogtowatch.com/on-ariels-watch-dont-spend-above-retail-price-when-buying-a-watch/
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True. I've seen a young chap with his mother, walked-out from an AD (The Garden) with a Daytona (116500LN) and a Hulk (116610LV), everything happened in front of my eyes, from their sale associate brought the watches out for them to checked, peeling the stickers, issued receipt, putting them in the paper bag and walked out.
I can't believe they can scored two extremely hot models at once. I then asked my SA about that, and she answered: their purchased record almost hit 400K, normally there will be around 1 or 2 sport models allocated, yearly.
My SA suggested me to spend a 80K first then she will try to request (from their manager) a sub for me, I refused.
So, even if you're keen to play the AD game, buying DD and DJ every month, do not expect AD will ever allocate any sub/gmt/daytona to you monthly, because a single personal can only be allocated 1 piece (hot model) PER YEAR.
Maintaining a good relationship with SA or branch manager is pointless too. Unsure the others company but the sale associates at THG will not stay at that particular AD for long, 3 months and they will be shifted to other places (different branch/ other brands).
Well, you've debunked your own theory of one piece per year because said young person already took 2 hot models on that one particular day.
And maintaining a relationship with the AD means your name is recorded on purchase, not by the SA only but is in the system so even if the SA leaves, you can always ask to see the manager to have another SA assigned to you. Or deal directly with the manager.
Asked the same question and the SA replied Daytona was previous year allocation and the Hulk is recent year allocation, this story happened at January 2019. Well I believe those topdog could get more than 1 for sure, the exact 1 piece per year only applies to those who’s new to the game.
I certainly understand relationship tied to the particular AD but SA sometime play an important role and manager reserved for VVVIP.
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True. I've seen a young chap with his mother, walked-out from an AD (The Garden) with a Daytona (116500LN) and a Hulk (116610LV), everything happened in front of my eyes, from their sale associate brought the watches out for them to checked, peeling the stickers, issued receipt, putting them in the paper bag and walked out.
I can't believe they can scored two extremely hot models at once. I then asked my SA about that, and she answered: their purchased record almost hit 400K, normally there will be around 1 or 2 sport models allocated, yearly.
My SA suggested me to spend a 80K first then she will try to request (from their manager) a sub for me, I refused.
So, even if you're keen to play the AD game, buying DD and DJ every month, do not expect AD will ever allocate any sub/gmt/daytona to you monthly, because a single personal can only be allocated 1 piece (hot model) PER YEAR.
Maintaining a good relationship with SA or branch manager is pointless too. Unsure the others company but the sale associates at THG will not stay at that particular AD for long, 3 months and they will be shifted to other places (different branch/ other brands).
Well, you've debunked your own theory of one piece per year because said young person already took 2 hot models on that one particular day.
And maintaining a relationship with the AD means your name is recorded on purchase, not by the SA only but is in the system so even if the SA leaves, you can always ask to see the manager to have another SA assigned to you. Or deal directly with the manager.
Asked the same question and the SA replied Daytona was previous year allocation and the Hulk is recent year allocation, this story happened at January 2019. Well I believe those topdog could get more than 1 for sure, the exact 1 piece per year only applies to those who’s new to the game.
I certainly understand relationship tied to the particular AD but SA sometime play an important role and manager reserved for VVVIP.
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To make it simple, every SA just submit their customer profile to the manager and the manager will decide who to allocate it to, the more flashy your spending power are the higher the chance. 1 year 1 unit? try dropping another rm100k? not enough? drop another 100k with the AD, pretty sure they happily take it out from their safe
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
I doubt any AD's would dare to sell at a Premium anymore - as Rolex is really strict on this. The bundle route / pocket potential is the more feasible order of the day.
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
I doubt any AD's would dare to sell at a Premium anymore - as Rolex is really strict on this. The bundle route / pocket potential is the more feasible order of the day.
Means that only 2 ways..... Go grey OR Ad's bundle. *sad*
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
I doubt any AD's would dare to sell at a Premium anymore - as Rolex is really strict on this. The bundle route / pocket potential is the more feasible order of the day.
Means that only 2 ways..... Go grey OR Ad's bundle. *sad*
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For most, perhaps. Anyway, IMO I think this topic has been repeated too many times, some of whom seem like 'grey' dealers themselves. To each his own I guess
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During the days where the premium to pay is within 2 -3k range , that is acceptable , but not when it is RM10K and above kind of premium.. i have personally met someone who paid 30k premium for a pepsi and he was shock that he didn't even know he paid that much for one because he didn't know the retail of one in the first place..
Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
I doubt any AD's would dare to sell at a Premium anymore - as Rolex is really strict on this. The bundle route / pocket potential is the more feasible order of the day.
Means that only 2 ways..... Go grey OR Ad's bundle. *sad*
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For most, perhaps. Anyway, IMO I think this topic has been repeated too many times, some of whom seem like 'grey' dealers themselves. To each his own I guess
With the high premiums on grey market for watches, many people hope to make some quick money…
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Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
If you're willing to pay a premium, just walk into a grey dealer and pay..
If you ask an AD this question, his first impression is you're going to sell it for profit. And if you want to start negotiating the markup means you're new to the game and clueless.
And personally, I don't think there are anymore waitlists... they just sell to the customers they like... ;D ;D ;D
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Talk about paying premium, I wonder is any AD now willing to sell a piece of SS Daytona if the buyer willing to pay for premium? And before this, how many % extra will be consider a PREMIUM nowadays? If the mrsp for Panda Daytona now is Rm51350, approximately how much is the Premium?
If you're willing to pay a premium, just walk into a grey dealer and pay..
If you ask an AD this question, his first impression is you're going to sell it for profit. And if you want to start negotiating the markup means you're new to the game and clueless.
And personally, I don't think there are anymore waitlists... they just sell to the customers they like... ;D ;D ;D
Actually I'm not a flipper, I just love this watch so much until my desktop, laptop cellphone's wallpaper all is Daytona Panda.
Talk about premium price, to be honest, I only can pay extra certain amount for this watch(not exceed 100k). The premium price at Grey market now is Rm170k+, this is crazy and definitely is out of my budget.
Sometime I've think of trade in my 116520 and top up some money to get 116500, but all of my friends said is not worth it.
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Actually I'm not a flipper, I just love this watch so much until my desktop, laptop cellphone's wallpaper all is Daytona Panda.
Talk about premium price, to be honest, I only can pay extra certain amount for this watch(not exceed 100k). The premium price at Grey market now is Rm170k+, this is crazy and definitely is out of my budget.
Sometime I've think of trade in my 116520 and top up some money to get 116500, but all of my friends said is not worth it.
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Since you already have a Daytona 116520, the 116500 is no different except for the ceramic bezel and slight changes to the dial. The movement is the same.
You're only obsessed with the 116500 because of the premium it commands on the market, not the watch itself... and there are plenty of very, very nice watches you can get for with a RM50k budget...
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Actually I'm not a flipper, I just love this watch so much until my desktop, laptop cellphone's wallpaper all is Daytona Panda.
Talk about premium price, to be honest, I only can pay extra certain amount for this watch(not exceed 100k). The premium price at Grey market now is Rm170k+, this is crazy and definitely is out of my budget.
Sometime I've think of trade in my 116520 and top up some money to get 116500, but all of my friends said is not worth it.
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Since you already have a Daytona 116520, the 116500 is no different except for the ceramic bezel and slight changes to the dial. The movement is the same.
You're only obsessed with the 116500 because of the premium it commands on the market, not the watch itself... and there are plenty of very, very nice watches you can get for with a RM50k budget...
Even though the changes to the bezel and in the inner subdial rings are slight but it changes how the Daytona overall look. I would love to trade the 116520 for the newer Daytona if the difference is bearable for me
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I really thought that I could get a Rolex that I wanted from AD.
i keep passing by and give my business cards to the old ah pek SA in nice suit.
my efforts are totally down the drain :Scolding: ..
on 23 dec 2021 late evening , i looking at my pathetic bank balance used to be the budget for PP and now only just barely enough for a brand new 2021 grey Rolex SS model.
i threw in the white towel and gave the grey watch dealer a call and secured the watch with a bank instant transfer and collect the watch the next day just in time before Christmas.
3235 movement is special, +/-2spd accuracy and highly anti-magnetic.
my wake from watch collecting hibernation is short. after the Christmas holiday, i continue my sleep and now i could sleep tight again... :D
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I really thought that I could get a Rolex that I wanted from AD.
i keep passing by and give my business cards to the old ah pek SA in nice suit.
my efforts are totally down the drain :Scolding: ..
on 23 dec 2021 late evening , i looking at my pathetic bank balance used to be the budget for PP and now only just barely enough for a brand new 2021 grey Rolex SS model.
i threw in the white towel and gave the grey watch dealer a call and secured the watch with a bank instant transfer and collect the watch the next day just in time before Christmas.
3235 movement is special, +/-2spd accuracy and highly anti-magnetic.
my wake from watch collecting hibernation is short. after the Christmas holiday, i continue my sleep and now i could sleep tight again... :D
Congratulations...Sea-dweller 43?
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I really thought that I could get a Rolex that I wanted from AD.
i keep passing by and give my business cards to the old ah pek SA in nice suit.
my efforts are totally down the drain :Scolding: ..
on 23 dec 2021 late evening , i looking at my pathetic bank balance used to be the budget for PP and now only just barely enough for a brand new 2021 grey Rolex SS model.
i threw in the white towel and gave the grey watch dealer a call and secured the watch with a bank instant transfer and collect the watch the next day just in time before Christmas.
3235 movement is special, +/-2spd accuracy and highly anti-magnetic.
my wake from watch collecting hibernation is short. after the Christmas holiday, i continue my sleep and now i could sleep tight again... :D
Congratulations...Sea-dweller 43?
Nope. A 126710 BLNR GMT Master II .
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Congratulations on your new GMT2.
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Very nice! I'm still waiting for the AD call for GMT2...LOLLLLLL :HammerHead: ;D
Awesome catch!
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@bulletnos @G.MAC
thanks.
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I really thought that I could get a Rolex that I wanted from AD.
i keep passing by and give my business cards to the old ah pek SA in nice suit.
my efforts are totally down the drain :Scolding: ..
on 23 dec 2021 late evening , i looking at my pathetic bank balance used to be the budget for PP and now only just barely enough for a brand new 2021 grey Rolex SS model.
i threw in the white towel and gave the grey watch dealer a call and secured the watch with a bank instant transfer and collect the watch the next day just in time before Christmas.
3235 movement is special, +/-2spd accuracy and highly anti-magnetic.
my wake from watch collecting hibernation is short. after the Christmas holiday, i continue my sleep and now i could sleep tight again... :D
Congratulations...Sea-dweller 43?
Nope. A 126710 BLNR GMT Master II .
Ahh.. saw your WRUW post and thought you got it from an AD as well..
Sorry to rub it in but I also just got the same watch from the AD a week before Xmas. Actually expected the pepsi but AD could only offer this. Actually turned it down and told the AD that I'd rather wait for the pepsi but he said best to just buy this first while waiting for the pepsi. Good thing I took his advice because retail price went up 10% in 2022.
It really isn't bad looking after all and maybe won't be needing the pepsi now.. will see..
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I really thought that I could get a Rolex that I wanted from AD.
i keep passing by and give my business cards to the old ah pek SA in nice suit.
my efforts are totally down the drain :Scolding: ..
on 23 dec 2021 late evening , i looking at my pathetic bank balance used to be the budget for PP and now only just barely enough for a brand new 2021 grey Rolex SS model.
i threw in the white towel and gave the grey watch dealer a call and secured the watch with a bank instant transfer and collect the watch the next day just in time before Christmas.
3235 movement is special, +/-2spd accuracy and highly anti-magnetic.
my wake from watch collecting hibernation is short. after the Christmas holiday, i continue my sleep and now i could sleep tight again... :D
Congratulations...Sea-dweller 43?
Nope. A 126710 BLNR GMT Master II .
Ahh.. saw your WRUW post and thought you got it from an AD as well..
Sorry to rub it in but I also just got the same watch from the AD a week before Xmas. Actually expected the pepsi but AD could only offer this. Actually turned it down and told the AD that I'd rather wait for the pepsi but he said best to just buy this first while waiting for the pepsi. Good thing I took his advice because retail price went up 10% in 2022.
It really isn't bad looking after all and maybe won't be needing the pepsi now.. will see..
wow good on you @dpkong !
happy to know that you could get this watch from AD.
your GMT Master II from AD is really a lucky Christmas gift!
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missed those days when im able to walk into rolex KLCC and bought a daytona white dail sitting there on display for 37k on 2014....sighh
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missed those days when im able to walk into rolex KLCC and bought a daytona white dail sitting there on display for 37k on 2014....sighh
Me too, Rm37500, still can discount Rm500(Black Dial)......
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last time i bought my sub nd at RM28k+ back in 2017...they had 2 units in one outlet...grey can get a bit cheaper summore...
Explorer II black and white bertempiaran...Explorer I nobody really want...Air King no need to say...DJ overflow...
Oh how the world has gone wild. :HammerHead:
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last time i bought my sub nd at RM28k+ back in 2017...they had 2 units in one outlet...grey can get a bit cheaper summore...
Explorer II black and white bertempiaran...Explorer I nobody really want...Air King no need to say...DJ overflow...
Oh how the world has gone wild. :HammerHead:
i too . i was thinking to get a brand new Submariner or a used explorer II. i chose the used explorer II in 2016.