Homage Forum

Go drop $30k on something they already have and they will call you all the damn time!!

EBWing wrote:I have been on a couple of lists for couple of years now and haven’t heard a damn thing!

Try again now Sir.. There are plenty around I feel, even second hand dealers here chopping prices. The fall of bity bity coins makes it abundant.

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After reading all the replies, and thank you all for reading my post , I got to agree that RLX is targeting their existing customer base and not increase that base putting money in customer acquisition but keeping the brand more exclusive.

Got to say I was pissed about this, for 20 years I’ve this watch in mind, didn’t pick it when I had the opportunity in the past and was going to let another chance to buy the dam thing. So was lunching with a friend that is a “wale” for this AD, that actually doesn’t own a RLX. We were talking about watches like true addicts and told him about my experience with the AD. After the lunch I got a call from the AD, from the boss it self, inviting me to chat and allow him to explain why this moved from years to weeks. (I know, it wasn’t from me being a customer but because of the wale).

They received many pieces last December. So they start contacting their older RLX customers. In the meanwhile I jump in asking for the Explorer I and Sub. We agreed that the lang “waiting list” must be replaced by “we have units in the inventory but we are waiting for customer X to take a decision or just we have it here”. The we have it here isn’t applicable yet because the waiting list exists and they are trying to answer the demand but it’s not normalized yet but will be (his words). I bought a Tudor BB58 in 2022 and that made me a customer for the AD, and after a left my contact they check that and contacted me. Meanwhile, a customer decided not to acquire the Sub and so they thought let’s call him to check both.

A got to agree with what SDREW1976 wrote, we spend money in a product, it can be cars, watches, jewels and others, from a dealer and by doing the purchase we are creating a business relation between seller and buyer. This is good for existing customers but for new customers is bad.

After around 1h talking and after a valid explanation or at least reasonable (that we might agree or not) , the AD asked me if things got clear and if I was still interested to purchase the watch.

So I gave a thought on this and the explanation sounds reasonable, I bought the dam thing, finally! I wasn’t let this one getting away. So I closed a 20 year’s waiting.




And still got some goodies

Congratulations.
I hope it proves to be worth the wait.

Congrats mate!!!

Whether Rolex/AP/PP, or high end wine from Napa/Burgundy, or Hermes/Tiffany, or Porsche/Maserati, etc. every luxury market is adopting the waiting list model. To take an example: There are wealthy wine lovers that have waited more than 10 years to get their first allocation of a bottle of "Screaming Eagle" Cabernet Sauvignon. I do not think these waiting lists are an illusion (although the idea that the AD proceeds chronologically certainly is). In the end: Luxury markets are overcrowded with demand. The system is stuffed to the brim with guys who want to convert windfall profits from crypto or stock moves due to 15 straight years of trillions of dollars of money printing. The collectibles market is seen as a store of value just as safe as precious metals. Rolex always marketed their watches with the idea that their watches maintained their value over time. The current situation is perversely speculative and accelerated: The grey dealers and flippers are trying to lock in decades of incremental value in an instant. As long as there is excessive discretionary wealth and demand, I see no end to this situation.