i have seen with my own eyes by accident, JLC AD's dealer invoice from JLC. JLC ADs have 100% markup. A $30k JLC watch actually only costs AD $15k to buy from JLC. So like he said, haggle hard, they have tons of room to play with if they are desperate enough for cash flow.
I believe that is a standard markup for most if not all luxury watch brands. I heard it from a UA-camr explaining the grey market (it was a couple years ago and I can’t recall which channel).
@franklucas3771 oh my goodness, no I didn't get a watch! That would be awful! I'm very clear with my Rolex ADs here that I'm not wishing to be considered for anything right now. But I will make a video soon on this. I took the other one down as I have seen genuine commitment to make the experience of visiting their boutique better, and I will explain that soon
I’m not sure all manufacturers can get away with continuing the upward mobility of pricing. Discounting not a great look for a luxury brand. Omega already available at 30% off in the UK. Rowing back on price increases has its own problems. For brands like Omega, I’d think they need to get retail prices closer to their value proposition to better balance supply and demand, which for me would suggest price stagnation or very modest increases for a few years. The same won’t be true across the board but where discounting exists, the implication is that stock is not moving. There is nothing to be gained by producing more when you haven’t sold what you’ve already made. Nobody likes to feel a mug, however, and customers paying full retail may feel taken advantage of when, a few months later, they’re able to buy the same piece, from the same store, at significantly under what they were charged. This would make them wary of making repeat purchases and for seasoned buyers, turn them toward secondary markets, delayed purchases, or refusing to buy without discount, even on new releases. Perhaps I’m overestimating the relative size of the educated/enthusiast market, but my experience has typically been that when friends who haven’t previously been into watches buy their first watch, they seek advice from a friend who they know is already into the hobby.
Finally someone who understand economics and business! I've been cringing so much at all these youtubers talking about prices going down, Rolex flooding the market... all nonsense! Like they don't know how and where they make their money!
It's not nice to think that the watch companies who make products that sing to us emotionally, actually only care about straining every last drop of money out of us that we have, but that's the reality isn't it. Why make more, when they can just put the price up of what they already make?
I think you are correct prices won't come down, because for certain buyers the high RRP is what convinces them that they are buying something special or ¨luxury¨. Rolex don't need to increase overall production, they could just produce the stainless models people actually want to buy, why don't they? The profit margin on the fancy precious metal models is higher, exactly as you said 👍
A good insight but where these brands will come a cropper is competition from other companies who are willing to undercut them, they will be forced to lower their prices to compete or cease to exist. The only exemption being Rolex who sit at the top of Mount Olympus.
Rolex/Omega got another problem with their in-house movements, and only Rolex/Omega 12:04 service. They cant find enough skilled watchmakers in Switzerland to do the service 😂. Belive they will lose big time when the buyers realize the price and difficulties when it need a service 😂 oh and tudor to.
If they get to the point of extreme issues to get watchmakers they will free their parts where the problem lies. They don’t sell the parts but if they did any watchmaker would repair the watches.
Smart watches will take over the world. Why spend 15k and wait a year having to grease up to AD retail workers for a Rolex explorer when you can spend 1k for something that can actually do something. Otherwise buy a Sinn, Hanhart or Hamilton at 1-3k.
@@KRBY555 I live in Australia and work in a corporate setting. No one has ever asked me about my watch and I have never seen anybody talk about watches except for someone who had a collection of replicas. Literally 1% of the population would even know those brands and an even smaller percentage would even care. So does it make any sense to drop 15k on a watch no one cares about.
@@saulgood2366you’re right in this. Nobody notices or cares about what you have on your wrist. The only people who look or would comment, are those also in to watches, and criminals who are looking to see if it’s worth mugging you for it.
I'm glad i already have a full collection. Zero interest in the ridiculous prices of many of these new releases. The sweet spot is watches 5-15 years ago IMO.
i have seen with my own eyes by accident, JLC AD's dealer invoice from JLC. JLC ADs have 100% markup. A $30k JLC watch actually only costs AD $15k to buy from JLC. So like he said, haggle hard, they have tons of room to play with if they are desperate enough for cash flow.
I believe that is a standard markup for most if not all luxury watch brands. I heard it from a UA-camr explaining the grey market (it was a couple years ago and I can’t recall which channel).
That's the case for many products not only watches, actual costs don't exceed 30% to 40% of rrp.
hey mate, I see you have made your 'My rolex ad nightmare' video private. I am curious as to why this is?
Hello. Yes I've been in discussion with THG, met them locally, and spoken to overseas management. I will make a video update soon!
I am really intrigued by this. Did this end up with a watch being allocated ? I'd love to know. Great content btw!!
@@TheRandomWatchDude
@franklucas3771 oh my goodness, no I didn't get a watch! That would be awful! I'm very clear with my Rolex ADs here that I'm not wishing to be considered for anything right now. But I will make a video soon on this. I took the other one down as I have seen genuine commitment to make the experience of visiting their boutique better, and I will explain that soon
I’m not sure all manufacturers can get away with continuing the upward mobility of pricing. Discounting not a great look for a luxury brand. Omega already available at 30% off in the UK. Rowing back on price increases has its own problems. For brands like Omega, I’d think they need to get retail prices closer to their value proposition to better balance supply and demand, which for me would suggest price stagnation or very modest increases for a few years. The same won’t be true across the board but where discounting exists, the implication is that stock is not moving. There is nothing to be gained by producing more when you haven’t sold what you’ve already made. Nobody likes to feel a mug, however, and customers paying full retail may feel taken advantage of when, a few months later, they’re able to buy the same piece, from the same store, at significantly under what they were charged. This would make them wary of making repeat purchases and for seasoned buyers, turn them toward secondary markets, delayed purchases, or refusing to buy without discount, even on new releases. Perhaps I’m overestimating the relative size of the educated/enthusiast market, but my experience has typically been that when friends who haven’t previously been into watches buy their first watch, they seek advice from a friend who they know is already into the hobby.
Finally someone who understand economics and business!
I've been cringing so much at all these youtubers talking about prices going down, Rolex flooding the market... all nonsense! Like they don't know how and where they make their money!
It's not nice to think that the watch companies who make products that sing to us emotionally, actually only care about straining every last drop of money out of us that we have, but that's the reality isn't it. Why make more, when they can just put the price up of what they already make?
I think you are correct prices won't come down, because for certain buyers the high RRP is what convinces them that they are buying something special or ¨luxury¨. Rolex don't need to increase overall production, they could just produce the stainless models people actually want to buy, why don't they? The profit margin on the fancy precious metal models is higher, exactly as you said 👍
Does NZ have dwarf ducks? They look tiny.
The ducks here are pretty much the same as the ones you see everywhere else. They quack a lot and leave big shits on my front doorstep!
A good insight but where these brands will come a cropper is competition from other companies who are willing to undercut them, they will be forced to lower their prices to compete or cease to exist. The only exemption being Rolex who sit at the top of Mount Olympus.
I forget that seasons in southern hemisphere are the opposite 😂
Yeah it’s like collecting watches. You’re looking for a new watch and you get fu-ked 😂
Rolex/Omega got another problem with their in-house movements, and only Rolex/Omega 12:04 service. They cant find enough skilled watchmakers in Switzerland to do the service 😂. Belive they will lose big time when the buyers realize the price and difficulties when it need a service 😂 oh and tudor to.
If they get to the point of extreme issues to get watchmakers they will free their parts where the problem lies. They don’t sell the parts but if they did any watchmaker would repair the watches.
@@mjdm1925 They won't I belive they will tell you they can't repair it do you want a new movement?.
@@andrejensen7837 maybe too. Especially Tudor that has Kenissi movements and Omega that can switch to ETA
I Need a bigger Wallet 😅
nice t shirt...Al Williamson...
Thank you sir!
Smart watches will take over the world. Why spend 15k and wait a year having to grease up to AD retail workers for a Rolex explorer when you can spend 1k for something that can actually do something. Otherwise buy a Sinn, Hanhart or Hamilton at 1-3k.
Because its jewelry and a status symbol. You are being judged with your Hamilton or Sinn mate
I agree with @saulgood2366. I have a Sinn myself and enjoy it alot. Also there is no judgemend from anyone, since none is noticing it. Cheers
@@KRBY555 I live in Australia and work in a corporate setting. No one has ever asked me about my watch and I have never seen anybody talk about watches except for someone who had a collection of replicas. Literally 1% of the population would even know those brands and an even smaller percentage would even care. So does it make any sense to drop 15k on a watch no one cares about.
Smart watches have already taken over the world. volume sales of smart watches vs mechanical watches is already a case of Game Over.
@@saulgood2366you’re right in this. Nobody notices or cares about what you have on your wrist. The only people who look or would comment, are those also in to watches, and criminals who are looking to see if it’s worth mugging you for it.
What a lovely little duck 🦆!!! 😄
They come into the house most evenings on their rounds before bedtime!
@@TheRandomWatchDude That is just tooooo sweet!
I'm glad i already have a full collection. Zero interest in the ridiculous prices of many of these new releases. The sweet spot is watches 5-15 years ago IMO.
Agreed the late 90s and through the 2000s is when the designs were a perfect mix of form and function
Wouldn't it be great if omega got rid of the helium cap! And made there pieces thinner and more aggressive! 🎉