LOL. Since Rolex is private company owned by a charity, we will never know what the true supply is.
Omega is all about money.
Rolex is all about maintaining value and the brand.
If you ask me, I think they’ve been slowly decreasing supply since 2015 which was the last year COSC (or whatever organization it was that certified watches) releases the amount of watches certified. I think Rolex was in the 800k range in 2015. I don’t think they decreases supply drastically but just enough to remove excess inventory and then Brexit hit causing a frenzy in the UK which then spread everywhere else. My guess is they’ve cut maybe 10% since 2015 while demand has increased significantly. Of course I have nothing to back up my claim so take it for what it’s worth.
They could still be making the same number of watches (or more) but could simply change the mix of what they are making to create this issue, or alternately solve it.
The green piece of paper they are traded for.
I am hearing tantalum, 48 mm case, 19 mm thickness $37,000
actually... tantalume- fully luminescent tantalum Snoopy
Not all POS are the same. A sale to an AD vs a sale to a final customer through an Omega boutique wouldn’t get you the same data. Warranty activation basically means end sale to a customer so that’s a better gauge of demand of a product vs a POS to an AD. Once a product is sold to an AD, Omega may not have access to final through sale to customer.
H hb8745Ahh ok that makes sense. So ADs take complete inventory risk? What happens if they order 10 watches and can only sell 1? Does Omega provide any back end inventory assistance or are they on their own to liquidate?
But where is the link between buying a watch at 2.5 times retail and houses in California, sure a property in town is going to be more expensive than a property out of town but that applies in any country.
H hb8745Ahh ok that makes sense. So ADs take complete inventory risk? What happens if they order 10 watches and can only sell 1? Does Omega provide any back end inventory assistance or are they on their own to liquidate?
H hb8745Ahh ok that makes sense. So ADs take complete inventory risk? What happens if they order 10 watches and can only sell 1? Does Omega provide any back end inventory assistance or are they on their own to liquidate?
Technically speaking, Rolex brand(s) and manufactures are owned by a "Fondation", not a charity. It's different in many ways.
To be clear, Rolex is owned by the Hans Wilsdorf Foundation, a trust, whose function is to operate a number of charities.
Per an article on Bob’s watches, “...The plain fact of the matter is Rolex is actually a series of companies headed up by Rolex S.A. And in fact, just to further complicate things, some of those companies own portions of each other. But basically they all funnel into Rolex S.A., which in turn, is wholly owned by the Hans Wilsdorf Foundation. That foundation is recognized by the Swiss government as a charitable trust, and thus, pays no taxes.”
https://www.bobswatches.com/rolex-blog/resources/rolex-non-profit.html
On the subject of Rolex being charitable, if I remember correctly, there aren't any requirements for Rolex to even donate any amount of their profits to qualify as a charitable foundation. There also isn't even any proof that they do any philanthropic work.
To be clear, Rolex is owned by the Hans Wilsdorf Foundation, a trust, whose function is to operate a number of charities.
Per an article on Bob’s watches, “...The plain fact of the matter is Rolex is actually a series of companies headed up by Rolex S.A. And in fact, just to further complicate things, some of those companies own portions of each other. But basically they all funnel into Rolex S.A., which in turn, is wholly owned by the Hans Wilsdorf Foundation. That foundation is recognized by the Swiss government as a charitable trust, and thus, pays no taxes.”
https://www.bobswatches.com/rolex-blog/resources/rolex-non-profit.html
They “donate” money to F1 and a bunch of other sporting events.
could have sworn the title of the original post was October 5th 2020 - Snoopy Celebration, must have got lost in translation somewhere too much chat about non related topics over the last few pages 🙄 October 5th can't come quick enough for me so at least this post might get back on track 👍
