Everything That's Wrong With Rolex
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- เผยแพร่เมื่อ 21 ส.ค. 2024
- The current Rolex situation. Rolex watches, shortages, market crash, waiting lists, authorized dealer secrets
Everything That's Wrong With Rolex
Topping the annual sales chart by a wide margin, it's no secret that Rolex comfortably sits on top of the wish list of many watch collectors, and that's for so many reasons. However, just like every other highbrow company out there, it has its shortcomings and exhausting issues - some being widely recognized as almost a trademark by now, given that Rolex doesn't seem to be doing much about fixing them.
In this video, we'll be talking about some of these problems plaguing Rolex and the reasons behind them. Keep watching to see the current Rolex situation. Rolex watches, shortages, market crash, waiting lists, authorized dealer secrets.
Subscribe for Rolex related news, luxury investment watches and everything related to these extraordinary timepieces: Rolex, Omega, Patek Philippe, Audemars Piguet and more. Inspired by Bark and Jack, CRM Jewelers, Teddy Baldassarre.
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Inspired by Rolex Authorized Dealer (Secrets EXPOSED)
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It's a shame for such a once respectable brand..
Stop selling to Grey Market Dealers . Around 300 brand new Rolex watches per day on Chrono24 .
10,000 Rolex Daytonas on Chrono 24 for sale daily . Not exactly rare . Also if everyone one decided to stop buying Rolex on the Grey Market the Price would fall to normal levels .
ROLEX are nice watches but not worth paying way over retail for .
In 2019 I wanted a few Rolex and believed they were going to only get harder to acquire in the future. Picked up an Explorer, DJ41, Submariner, and a GMT. I have Rolex covered and love them all. My AD hasn’t called for anything since the end of 2019 and at this point I don’t care 😎!
2019 was an expensive year for me. I was able to get my DateJust, GMT BLNR, Submariner, Daytona in a span of six months.
@@4symbols78 very nice 👍. Yea, I watched TH-cam and realized how hard it was for people to obtain Rolex-trends take longer to reach the Midwest 😁!
Did you buy them all on the gray/pre-owned market? Did you have to pay much above retail?
@@elwynll all 4 at retail from 2 different AD’s.
I would like to propose a challenge to Above First Class. If you could find an employee of an AD to come on camera with their identity and voice hidden to answer your questions of how they sell to new customers versus flippers, your followers would sky rocket! 🚀
I don't think Above First Class really gives AD's a fair shot.
Sure, some dirt bags in Miami (pure speculation with no offense to dirt bags) who are AD's will move inventory to flippers straight away, but outside that market I do not believe they do.
It's a simple idea really.
Why would an AD sell en bulk to a flipper when they could sell them to customers who would then become customers of the store and could be invited back or enticed to buy other items.
It doesn't make any sense.
Rolex is my favorite and the best in the business. Before watching this business, I never had the idea that such a renowned company is going through such problems and glitches. I hope the company overcome these problems and keep up with their reputation in the market.
I am lucky to have 2 Rolex’s…nice watches but really not any better than my 2 Omega’s…
I just got the Datejust 41 black dial and smooth bezel on oyster bracelet from the local AD and I’m in love. It’s my first Rolex ever, a present to myself to celebrate the success I’ve had with my social media endeavors (:
Fantastic piece. Wear it in good health, sir!
I have been on the interest list for almost 7 months now and yet no call from my AD. I have start to look for Omega now. I believe a lot of Rolex fans here is really despair of waiting. 😢
I too thought the AD was going to help me with the Rolex I wanted, only to be disappointed. I have bought from other brands and put the savings from buying Rolex at grey market prices toward other watches I can wear on my wrist. You are on the right track.
It seems to me that the company is not worried because they understand that most of the customers prefer their watches.
Well, my interest in Rolex never declines. I've always had interest in these watch model and looking forward to purchasing one.
Often times at other brands, machines perform this process, but Rolex learned that a human eye is better trained to spot problems, thanks for sharing.
The Rolex customer seems to have been forgotten by Rolex.
Though I can't afford to buy one, I am always interested with rolex, I always hear good feedback. Knowing that there are issues like this is actually helping on to know more about this brand.
It may recover but it is no longer the only exclusive watch brand on the market so it will not be where it used to be. Good video.
Great explanation about everything that's wrong with rolex. This is really amazing video. Thanks for sharing it.
I wanted a few Rolex and believed they were going to only get harder to acquire in the future. Picked up an Explorer, DJ41, Submariner, and a GMT. I have Rolex covered and love them all.
Rolex is facing so many problems lately, hopefully they will find a way to fix these mistakes!
Hopefully they will go,bankrupt
@@istakailekolonoskopiyapanh2897I actually agree with this sentiment. A bad business model should suffer the affects. I don't even think their watches are worth the retail prices after the increase.
This mark will remain throughout history all that reminds of time, no matter what difficulties you have faced in recent times.
I bought it a while ago and I really liked it... I wish you success. Great video
Pretty tired of that brand.
Good job highlighting the issues. Rolex and the AD could if they wanted sell new collectors who want to buy a watch for a special occasion a Rolex. However, they want us to believe it is because of insatiable demand. So, we as collectors who want to enjoy a Rolex just need to be patient. Rolex secondary prices have dropped in the last five months. Prices may spike for the holiday season, but I think collectors will find other brands that will cool demand for Rolex because they offer better value. Plus the current worldwide recession will broaden and cool off demand further for Rolex. Once the flippers cannot make a quick buck, the secondary market won’t pay the premiums and Rolex prices will fall below their current 2-3X premium level! Collectors just need to be patient.
Great video, everything is explained clearly and precisely, thank you….
Never again
They are humiliating the customers who have bloodily earned their money..
The "shortages" are as fake as rolex's charitable status.
Rolex does not want to fix anything as they are profiting from the situation. They will continue to do so for as long as their "marks" are stupid enough to jump through hoops to buy a product every one will assume is fake.
I would sum up Roly customers by simply stating that a fool and their money are easily parted.
Rolex must now change it's ways to be back to where they were.
Detailed presentation with brief information regarding Rolex and have presented in detailed manner
Sad that all,is wrong with Rolex but people still,demand it
It is truly incredible that this well-known and prestigious company has problems like many others. No one is saved in times of crisis.
When Patek Philippe does it then it's not a big deal but when Rolex does the same thing everyone cries
Wow this is amazing content, this content really amazing, everyone like this best helpful content.
I would never said that Rolex has thiis issues. Thx for the video
Let's hope Rolex can turn themselves around!!
Hmm, I didn't know all these things about rolex, never thought about it that way, thanks for creating this video with these details.
Even thought I can not afford Rolex I find this video interesting.
Been hearing a lot about Rolex on these issues but sure it will try to rise up and live up to its name.
Despite these wrongs, Rolex is my first choice and I really like it.
Ohhh thanks for sharing this vid talking about rolex plagues that we should know about. This is very helpful. Interesting!
The video was very interesting, I did not know all this information about rolexes. Thank you for sharing your knowledge on the subject.
Great content.Very well explained about everything that's wrong with Rolex.All these informations are very new to me.Thanks for sharing
No, the ADs are now used Rolex watch shops and the new watches are display only to pacify consumers. The new models go to high volume clients (a.k.a. Flippers) that take unwanted jewelry off the hands of the AD. The wait list is also a pacifier. Rolex isn’t going to be Patek, it’s going to end up like Panerai. Rolex watches are too easy to fake and they’re not haute horlogerie, they bling for unsophisticated people.
Rolex has taken a page from the diamond market playbook. Create a shortage to increase prices. Diamonds are the most common gemstone on the planet. They are not rare, at all. You could fill a stadium with them. But one family, a cartel basically, controls most of the world's diamond mines... so they stockpile them and only release a small amount each year, to carefully control the supply side, to maximize the demand side and keep prices 100x what a diamond is actually worth.
It should be illegal, but they have deep pockets, and politicians all have a "for sale" price...
Rolex is clearly following in their footsteps...
even though the 'limit supply' practice can be criticized, it enhanced rolex brand value
excellent information and simple and clear explanation
thank you for sharing this video with us
Excellent video! You are very right, the scarcity of Rolex watches is mainly due to low production and because this product is niche, in addition, being a recognized brand it can be pirated by unauthorized distributors.
Actually Rolex makes around 1 million watches per year.
Great video about Everything That's Wrong With Rolex, really interesting video, I really liked it!
Best and useful content with well presentation regarding Rolex
Yet another valuable information provided in this video about the luxury watch company Rolex. The information is very pertinent to luxury watch collectors.
It is actually fantastic with some cool information video on everything that's wrong with rolex.
Zero interest in modern Rolex lineup. No interest in what is essentially obnoxious showoff bling. Have a Milgauss from years ago that I never wear, and a 1967 5513 on riveted bracelet that I truly love in my collection. I would love the 1950s 6542 GMT.
Twenty years ago most watches would sell 40% below suggested retail price…even Rolex could be bought 20% below if you had a relationship with an authorized dealer, not the Daytona
Who wants to watch that everybody can get their hands on
Great video , that was really amazing information to know about everything that's wrong with rolex , very good explanation .thank you for sharing .
I wonder how Rolex shops are still open (business unit, staff, and other costs) if they do not sell watches.
It may have problems of course but it still has a classy value, thank you for this very amazing video
Forget Rolex, just do Vecheron constantin, their overseas blows Rolex out the park and its available for anyone with their hard earned money!
de verdad me sorprende esta noticia sobre rolex, ya que son los mas lujosos y costosos, vale la pena duvulgarlo
fascinating data, gratitude for sharing it, I think it is extremely valuable and that all individuals ought to realize things like this since it helped me a great deal.
innovative and excellent very good.
Love how people say “shortage” yet if you look at one grey market online place I won’t mention, you find a ton for sale. And that’s only one grey market dealer.
Excellent video! There are many people getting their rolexes from grey market and I think that's the right thing to do if you can afford the grey market prices. but for me rolex is my best watch
Why is it better to buy from grey market than spending the extra at an AD on other things and then paying only retail, I don’t understand? I started my relationship with my AD in September 2020 and got my first Rolex watch in January 2021 with only a few hundred pounds spent on other things, since then I have had another 2 steel sports models with only another maybe £1000 sent on other things. You need to go to your AD and speak with them unless you just want a super hyped model it’s possible!
I love these vids for I am a Rolex hater. Sold them for many years. Terrible company. Trite Watches. ...and It's all true!
Well said brother!!! I appreciate you and what you do. I shall be buying my first ROLEX from you.
you helped me a lot. I didnt know that!
Fixing the price or what
If you ask me Rolex is slow they're finally catching on they're just now simply doing what Patek Philippe has been doing for years you have to fill out an application and be put on the waiting list just to get a Patek Philippe so Rolex is basically just now doing the same thing
Your video was great, I didn't know that Rolex had a problem because of how expensive it is to buy a watch from this well-known brand.
All the authentic wealthy collectors already have their expensive Rolexes. The new stuff will continue to go down in flipper price. Pre 1000000# serial will continue to be in demand and get more expensive. 5513,5512, etc. Submariner.
The crash is here so I won’t be selling or major buying for a few years
Excellent video! There are many people getting their rolexes from grey market and I think that's the right thing to do if you can afford the grey market prices. If I desire a rolex watch now and I got the money, why do I want to wait for months and years when I can get it now? Between time and money, I'd rather spend the money now to have more time on Earth wearing the watch while I'm still living, and we never know if tomorrow will come. Any advice by youtubers that say we shouldn't buy rolex at above retail are all so wrong. Rolex watches are certainly not worth above retail but if you have lots of money like millions of dollars, a rolex daytona at grey market is still cheap to buy now.
…and where is the problem?
"Everything is Wrong With Rolex", there, fixed for you.
It is annoying!! Rolex sells their watches to watch flippers
It is the Used Market and is perfectly legitimate. Why use the term Grey Market? Worst still, why did you then start calling it the Black Market when it is nothing of the sort? I guess the Used Market does not sound sensational enough!
Probably there is a syndicate or a group of individuals that control not to give Watch customers wants, they give to gray market because of commission 2nd store, need to investigate this group of individuals by Rolex ....inside of Rolex there is a group of syndicate in my opinion, probably there is...that's way I bought Fake Rolex just to have one, who know my wearing is fake, sorry I can buy the original, I feel there syndicated Insider
I just don’t like Rolex
plastic prototype?
Only fools buy a Rolex.
I have over 30 and I find it highly offensive that average income earners wear them sometimes. If some schmuck saves his pennies for years and rewards himself with a Rolex it cheapens the brand. Flippers offer a valuable service which insurers only the upper classes & the wealthy can afford to own one.
What's the point of getting Omega when I can go anywhere and get Omega
You can basically go to any mall and get Omega they sell Omega at Jared Omega's not that
special
Great content.Very well explained about everything that's wrong with Rolex.All these informations are very new to me.Thanks for sharing