The Watch Thread - Part 14

[reikizi]

WOTD

Sent from Planet Zi using GAGT

 

[BigStick]

We all help to report to rolex... In Facebook suddenly got few brand new sets too.. Going to email rolex.. To fix those ADs..

Yes we should. I have written to Rolex Singapore via email

There are at least 3-4 black Daytona and 1 white in Carousell now. All shiny and with stickers

 

[Nakedtoes]

In past AD play no stock game if one ish only willing to pay retail and if pay premium suddenly gotch stock to sell chiu

then since Rolex came out with teh no premium policy ADs resort to such method to offload to their own grey dealer or offload channel

as long consumer hold firm and refuse to buy from these grey let them stuck with teh stock and meantime email Rolex to report about such practices why only always grey seller have so many brand new watches and worst ish local AD set

That's why I hate those who paid such a high premium for them. Like this they condone the grey profiting from it and they know there are goondus who willing to pay that much... Worst still those in the waiting list are those not really want the watch but to make a profit.. Going to write to patek too.. If watch models is discontinued I understand price rise.... But still in production models.. No way..

 

[BigStick]

That's why I hate those who paid such a high premium for them. Like this they condone the grey profiting from it and they know there are goondus who willing to pay that much... Worst still those in the waiting list are those not really want the watch but to make a profit.. Going to write to patek too.. If watch models is discontinued I understand price rise.... But still in production models.. No way..

Patek is a bit different because all watches are registered under owner's name. Once Patek sees the registered watch sold immediately after the initial sales at AD, that owner will be banned from all future allocation of popular models

For Rolex, there is no tracking mechanism at all

 

[Kyo_kusanagi86]

my steinhart nav b chrono using ETA Valjoux 7750 gains about 4mins in 2-3 weeks! should i be concerned? its frustration to keep it going in a winder and have to reset the time every now and then!

Just bring straight to Gnome, Steinhart QC sometimes really CMI de.

No need waste time to monitor. haha

 

[Kyo_kusanagi86]

Perhaps it was done for image/publicity? The whole thing was filmed after all.

Hmmm, could be possible as well. At least now we know at this period of time got free umbrella and ang paos or even chocolate. If they chut stunt and say no such thing, show them this video.

 

[blzy333]

While waiting to change out the strap..

 

[paul02]

We all help to report to rolex... In Facebook suddenly got few brand new sets too.. Going to email rolex.. To fix those ADs..

Yes we should. I have written to Rolex Singapore via email

There are at least 3-4 black Daytona and 1 white in Carousell now. All shiny and with stickers

 

[cyrenic]

Just bring straight to Gnome, Steinhart QC sometimes really CMI de.

No need waste time to monitor. haha

mine was 0 seconds lol

really variable

 

[bencheongcm]

This is looking quite nice.

Nothing new. Is a re-issue from a old time classic they had before

 

[Thai_Rak_Thai]

Patek is a bit different because all watches are registered under owner's name. Once Patek sees the registered watch sold immediately after the initial sales at AD, that owner will be banned from all future allocation of popular models

For Rolex, there is no tracking mechanism at all

Really meh? Whilst I agree this is a good move how does Patek define “immediately”?

 

[BigStick]

Really meh? Whilst I agree this is a good move how does Patek define “immediately”?

When my AD sold me the 5711, he specifically told me to hold for at least 1 year, otherwise he/they may also get in trouble with the agent (Patek)

Of course I'm buying mine for keepers, not for sale I think they said the same thing to every owner.

Then again, the blue 5711 is very easy to track, there are only 10 blue 5711 pieces to Singapore every year

 

[gaoxing84]

Patek is a bit different because all watches are registered under owner's name. Once Patek sees the registered watch sold immediately after the initial sales at AD, that owner will be banned from all future allocation of popular models

For Rolex, there is no tracking mechanism at all

Zhun Bo? Lol
How they know it's sold?
Who tell them?
Got microchip like dog one ah?

 

[rachdanon]

Patek is a bit different because all watches are registered under owner's name. Once Patek sees the registered watch sold immediately after the initial sales at AD, that owner will be banned from all future allocation of popular models

For Rolex, there is no tracking mechanism at all

I don't quite understand. Say Guy A buys from Patek boutique or AD (who follows the rules), so Guy A is registered. Then he sells to Guy B, how would Patek know? Do you mean Guy B has to register a change of name to his own now, or else Guy B can't get his watch serviced? So go service must show IC?

 

[BigStick]

I don't quite understand. Say Guy A buys from Patek boutique or AD (who follows the rules), so Guy A is registered. Then he sells to Guy B, how would Patek know? Do you mean Guy B has to register a change of name to his own now, or else Guy B can't get his watch serviced? So go service must show IC?

Good question. The registration is with Patek centrally, in their database. When verification takes place at Geneva Masters, the agent (Patek) will know because new owners typically won't verify the authenticity of their watches straight after the purchase from AD. The name of the owner and the serial number of every watch are all known to the agent.

Unless the sales do not need any verification, ie the buyer is very comfortable spending 50k on a timepiece without any checks. Then the agent will not know...

It only takes 1 instance to alert the agent (Patek) that their AD did not perform due diligence properly. The AD also risk losing their AD-ship if they are found persistently ignoring the advice of the agent.

 

[gaoxing84]

I don't quite understand. Say Guy A buys from Patek boutique or AD (who follows the rules), so Guy A is registered. Then he sells to Guy B, how would Patek know? Do you mean Guy B has to register a change of name to his own now, or else Guy B can't get his watch serviced? So go service must show IC?

Lol. Of course no need show ic la. Even show also like that.
What can they do.

 

[BigStick]

Zhun Bo? Lol
How they know it's sold?
Who tell them?
Got microchip like dog one ah?

Out of the 10 blue 5711 sold annually, if 1 buyer wants to do authentication at Geneva Masters, then the AD may receive warning for not screening their customers properly. They are specifically told not to resell these pieces within a certain time frame.

 

[rachdanon]

Good question. The registration is with Patek centrally, in their database. When verification takes place at Geneva Masters, the agent (Patek) will know because new owners typically won't verify the authenticity of their watches straight after the purchase from AD.

Unless the sales do not need any verification, ie the buyer is very comfortable spending 50k on a timepiece without any checks. Then the agent will not know...

It only takes 1 instance to alert the agent (Patek) that their AD did not perform due diligence properly. The AD also risk losing their AD-ship if they are found persistently ignoring the advice of the agent.

Same with AP la, their website register name and watch then get additional 1 year warranty. No way to trace one, many loopholes.

 

[BigStick]

Same with AP la, their website register name and watch then get additional 1 year warranty. No way to trace one, many loopholes.

But AP watches are not exactly selling above RRP, so there is no need to impose such drastic measure at the moment

 

[Thai_Rak_Thai]

When my AD sold me the 5711, he specifically told me to hold for at least 1 year, otherwise he/they may also get in trouble with the agent (Patek)

Of course I'm buying mine for keepers, not for sale I think they said the same thing to every owner.

Then again, the blue 5711 is very easy to track, there are only 10 blue 5711 pieces to Singapore every year

Thanks for sharing. All I know is my AD takes care of the registration and I receive the magazine every quarter

By the way I have two watch regrets. One was passing the 5711 white dial. Thought a blue might come but it never did. Ended with 5167