Damienic
Master Member
- Joined
- Dec 18, 2015
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Visited my SA today. According to her, while their bosses haven’t exactly make known intention whether to participate in the CPO program, her own views seems to point to a rather unlikely scenario of them going for it. Some issues that might mean a lukewarm response to the CPO program includes:
1)The high Bucherer prices in Europe might not work in SG market
2)The pre-owned Rolex pieces need to be sent to Rolex Geneva for their assessment, servicing and overhaul (if necessary) before they can issue the certificate for it. All these cost is likely to be borne by the AD and if so, it eats into otherwise already thin margins since the buy back of these pieces are at a high and they are unlikely able to sell in Singapore at the levels Bucherer is selling in Europe
So kind of hinting that if the profits doesn’t make sense, it probably doesn’t make sense for THG to participate.
1)The high Bucherer prices in Europe might not work in SG market
2)The pre-owned Rolex pieces need to be sent to Rolex Geneva for their assessment, servicing and overhaul (if necessary) before they can issue the certificate for it. All these cost is likely to be borne by the AD and if so, it eats into otherwise already thin margins since the buy back of these pieces are at a high and they are unlikely able to sell in Singapore at the levels Bucherer is selling in Europe
So kind of hinting that if the profits doesn’t make sense, it probably doesn’t make sense for THG to participate.