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Reply to "Should I buy my DH a Rolex?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no Rolex inventory now and won't be for a while[/quote] Are they going out of business? One would think this is a great time for the luxury market.[/quote] PP here and watch enthusiast. No, Rolex is in no danger of going out of business. They are manufacturing record numbers of watches and almost all are sold before they arrive at the AD’s store. Those that aren’t sold will be sold within 2-3 days of arrival. There are many reasons for this. One is that they are in such demand that resellers are getting 2-3X retail price for them. The result is people buying them up immediately at retail only to turn around and sell them to a grey dealer for a quick few thousand dollar profit. The other issue driving the scarcity is the Asian market. The luxury market in Asia is incredibly strong and I believe that Rolex is shipping much more there than they used to. [/quote]
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