Yeah I had same thing with Sky recently: because of the virus they had actually removed their contact details from the Now TV site- there was literally no way of getting in touch with them! Twitter was the only course, and I got a reply within minutes.
If anyone is looking to get one of these watches and are in the UK please drop me a line. I don't have one for sale, but I might have a link to a Derbyshire Jewellers that has one up for grabs.
I'm pretty surprised by how bad a time everyone is having with Omega. I've only had super positive experiences working with Dario (formerly the Chicago boutique, now NYC). Is this a COVID thing or have they been getting sloppy generally?
I think so but also the demand has gone nuts also for certain brands and watches - I think its a bit of both.
I mean when I picked up my Patek 5711 in London I could of literally walked out of the store, strolled another 300 metres and made a 20 grand plus profit at watchfinder. Thats basically what was happening pre-covid with Rolex. Free money if you have good supply and no doubt backhanders are taking place between certain AD staff and "VIP" customers. The whole setup is rotten for sure
Sounds very dodgy. Do they ever say how many, for example, Subs they can make in a day? It does seem a bit hard to believe it's impossible to satisfy demand when it's something they've been making for sixty or so years at, presumably, enormous profit.
Maybe it's some canny plan to prevent saturation of the market, but even that would be a bit of a cynical plan to keep prices high.
They def limit production like all high end brands to keep desirable. But must be tons of subs produced.
Imagine the stock grey dealers are sitting on is incredible
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Asp9mmOver the Hills and Far Away.Posts: 7,541MI6 Agent
I used to work for Rolex. They don’t withhold certain models to boost demand, they simply make less. It’s a marketing strategy to create interest in the brand and to boost sales of other models. Amazingly it works very well, and keeps the brand being talked about and their watches being lusted after. It’s only the second hand market and the people willing to pay through the nose to get their instant fix, rather than waiting, that drives the prices up.
It’s so successful that many brands try to emulate its success, but very few apart from Patek and Audemars pull it off. Omega would love to have this situation, and they do indeed withhold models to boost demand. NTTD watch being an example, and one we all predicted would happen. Sadly for them, they don’t succeed in the watches on the secondhand market being higher than RRP.
It’s cool to think that there must be stockpiles of Subs etc sitting in warehouses, but it’s a myth. They very quickly go from factory to market. Lightening fast in fact.
It does smack of dishonesty and playing people to me. I'm not keen on it. Much like the prices of the things themselves. Still, I suppose you've got to pay those watchmakers to sit around doing nothing!
I'm not convinced you'd find something like a luxury car brand sitting around refusing to make cars to make them more desirable. It's probably to do with the nature of the product i.e. watches are relatively easier and quicker to make.
It does smack of dishonesty and playing people to me. I'm not keen on it. Much like the prices of the things themselves. Still, I suppose you've got to pay those watchmakers to sit around doing nothing!
I'm not convinced you'd find something like a luxury car brand sitting around refusing to make cars to make them more desirable. It's probably to do with the nature of the product i.e. watches are relatively easier and quicker to make.
Well, when you look at some brands like Ferrari, Aston or Lamborghini, due to the quality of their workmanship, they do offer very limited number of cars during a year.....I would say near 5000 to 5500 cars a year now with "modernism" so, like watches, the demand is high and the brands can't satisfy all potential buyers !!! Supercars business has never worked so well nowadays.....
It does smack of dishonesty and playing people to me. I'm not keen on it. Much like the prices of the things themselves. Still, I suppose you've got to pay those watchmakers to sit around doing nothing!
I'm not convinced you'd find something like a luxury car brand sitting around refusing to make cars to make them more desirable. It's probably to do with the nature of the product i.e. watches are relatively easier and quicker to make.
Well, when you look at some brands like Ferrari, Aston or Lamborghini, due to the quality of their workmanship, they do offer very limited number of cars during a year.....I would say near 5000 to 5500 cars a year now with "modernism" so, like watches, the demand is high and the brands can't satisfy all potential buyers !!! Supercars business has never worked so well nowadays.....
I doubt they intentionally stop making cars though. They make and sell as many as they can.
There may possibly be an issue where, if a watch company expands to fill all demand and then find that demand shrink, they're left with redundant assets, but even then you'd imagine it's not quite on the scale of a car production line.
I guess they could do more than what they currently do so yes, they artificially limit the supply....
Asp9mmOver the Hills and Far Away.Posts: 7,541MI6 Agent
Rolex don’t stop making watches, they just put all the work into other models rather than sports. It takes far longer to make a watch than it does a car. In fact much much longer. And more intricate too. The testing alone after the watch is assembled takes longer. There is also less of a profit margin with Rolex too. Surprisingly the profit margin is much lower than you’d ever expect.
Also it’s easier to employ people to assemble cars. There is a major worldwide shortage of watchmakers, and at the level of the top watchmakers employed by the top brands, an even greater shortage. Takes years and years for them to be qualified.
Rolex don’t stop making watches, they just put all the work into other models rather than sports. It takes far longer to make a watch than it does a car. In fact much much longer.
If that's true that's because the car production has improved.
The testing alone after the watch is assembled takes longer. There is also less of a profit margin with Rolex too. Surprisingly the profit margin is much lower than you’d ever expect.
I would be surprised if it wasn't pretty large, especially as they used to sell them for a lot less (inflation adjusted).
Also it’s easier to employ people to assemble cars. There is a major worldwide shortage of watchmakers, and at the level of the top watchmakers employed by the top brands, an even greater shortage. Takes years and years for them to be qualified.
I would be surprised if it wasn't pretty large, especially as they used to sell them for a lot less (inflation adjusted).
Inflation aside, skilled precision labor (or even automated bits of assembly) has probably skyrocketed. There's a reason stuff out of Chinese factories is affordable, and it's not pleasant.
MI6 reports that a summer 2021 release date is being considered. They also say they've already lost $30 million in marketing. I wonder what this means for sales on the watch? They hyped up its limited availability for the moment when it first when on sale, telling me how I just HAD to get on a list and put half down, but with a lockdown and a movie that may not see release for another year, I would imagine the need to get the new watch NOW has waned for quite a few. I almost called my AD to see if they had any the other day, wondering how much wiggle room they have for price negotiation.
This is something I'm really interested to watch play out, actually. In a way, I expect sort of the opposite to happen. Here I am, on the forum months (possibly a year) out from release and I'm more excited and hyped for the film than I was in February. I'm buying more Bond stuff now than I was last year. Which is to say I bought nothing last year.
I pulled the trigger and bought it today from the local Omega Boutique. Having not seen it in person prior, I must say it’s a beauty. One of the best ever.
Rolex don’t stop making watches, they just put all the work into other models rather than sports. It takes far longer to make a watch than it does a car. In fact much much longer. And more intricate too. The testing alone after the watch is assembled takes longer. There is also less of a profit margin with Rolex too. Surprisingly the profit margin is much lower than you’d ever expect.
Also it’s easier to employ people to assemble cars. There is a major worldwide shortage of watchmakers, and at the level of the top watchmakers employed by the top brands, an even greater shortage. Takes years and years for them to be qualified.
I'm thinking of getting a Rolex submariner (no date) and wonder how long it takes for the AD to get them in stock? Also do they ever go under RRP or because of the difficulty and wait in getting them they're never discounted? How long is the wait, typically? I'm in Australia if that makes any difference. I'm also willing to wait - what's the hurry?
Asp9mmOver the Hills and Far Away.Posts: 7,541MI6 Agent
You’d have to check with your AD on the waiting time for them. Even when they were more available, you’d never see them discounted though.
I pulled the trigger and bought it today from the local Omega Boutique. Having not seen it in person prior, I must say it’s a beauty. One of the best ever.
Congrats! It's a beauty. I still struggle with whether I want to buy one before seeing the movie.
I pulled the trigger and bought it today from the local Omega Boutique. Having not seen it in person prior, I must say it’s a beauty. One of the best ever.
Comments
I give up
Count yourself lucky they sent you two!
1. CR. 2. TSWLM. 3. LTK. 4. GF. 5. SF.
Chris are you dealing with corporate directly or the boutique? I mean honestly it really doesn't matter as you have received extremely crappy service!
Try asking for a Submariner lol
Is it artificially generated rarity?
I mean when I picked up my Patek 5711 in London I could of literally walked out of the store, strolled another 300 metres and made a 20 grand plus profit at watchfinder. Thats basically what was happening pre-covid with Rolex. Free money if you have good supply and no doubt backhanders are taking place between certain AD staff and "VIP" customers. The whole setup is rotten for sure
Maybe it's some canny plan to prevent saturation of the market, but even that would be a bit of a cynical plan to keep prices high.
Imagine the stock grey dealers are sitting on is incredible
It’s so successful that many brands try to emulate its success, but very few apart from Patek and Audemars pull it off. Omega would love to have this situation, and they do indeed withhold models to boost demand. NTTD watch being an example, and one we all predicted would happen. Sadly for them, they don’t succeed in the watches on the secondhand market being higher than RRP.
It’s cool to think that there must be stockpiles of Subs etc sitting in warehouses, but it’s a myth. They very quickly go from factory to market. Lightening fast in fact.
I'm not convinced you'd find something like a luxury car brand sitting around refusing to make cars to make them more desirable. It's probably to do with the nature of the product i.e. watches are relatively easier and quicker to make.
Well, when you look at some brands like Ferrari, Aston or Lamborghini, due to the quality of their workmanship, they do offer very limited number of cars during a year.....I would say near 5000 to 5500 cars a year now with "modernism" so, like watches, the demand is high and the brands can't satisfy all potential buyers !!! Supercars business has never worked so well nowadays.....
I doubt they intentionally stop making cars though. They make and sell as many as they can.
There may possibly be an issue where, if a watch company expands to fill all demand and then find that demand shrink, they're left with redundant assets, but even then you'd imagine it's not quite on the scale of a car production line.
Also it’s easier to employ people to assemble cars. There is a major worldwide shortage of watchmakers, and at the level of the top watchmakers employed by the top brands, an even greater shortage. Takes years and years for them to be qualified.
I've never heard that.
If that's true that's because the car production has improved.
Only because one is smaller. It's pretty clear which is the more complex machine.
I would be surprised if it wasn't pretty large, especially as they used to sell them for a lot less (inflation adjusted).
That makes sense to some extent.
Inflation aside, skilled precision labor (or even automated bits of assembly) has probably skyrocketed. There's a reason stuff out of Chinese factories is affordable, and it's not pleasant.
We're living in a giant marketing experiment rn.
I'm thinking of getting a Rolex submariner (no date) and wonder how long it takes for the AD to get them in stock? Also do they ever go under RRP or because of the difficulty and wait in getting them they're never discounted? How long is the wait, typically? I'm in Australia if that makes any difference. I'm also willing to wait - what's the hurry?
Congrats! It's a beauty. I still struggle with whether I want to buy one before seeing the movie.
LOVE the Mustang, too!