Rolex Checkmated EVERYONE... But There's MORE

Andrew Morgan Watches | The Talking Hands

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Rolex checkmated everyone... but there's more. If you think buying Bucherer was the endgame move for Rolex, you're mistaken. It's just the beginning.
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Here on Andrew Morgan Watches I want to bring you all the best on watches from my personal perspective. There's watch reviews, expert reactions, top 10 lists, the best and worst of the industry and a whole bunch of memes, too. So if you like Swiss watches, German watches, Japanese watches-whatever-you'll be sure to enjoy my channel!

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22 июл 2024

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Комментарии : 469

@bobbydazzler1780 11 месяцев назад

Bucherer do keep a very good wait list. They go to great pains to get your details right on their list. Then you never hear from them again until a future date when they tell you that the watch you were interested in (and forgot about years ago) is now, in fact, discontinued and invite you to update your details to wait indefinitely on another model. It’s a fun yet futile exercise. Their lists are the best.

@mkyhou1160 11 месяцев назад

That’s impressive. Most lists you hear crickets, it’s a miracle if you get a call out of the blue.

@TheJosephhomere13 11 месяцев назад

Haha this happened to me a few months ago

@MysteryKmt 11 месяцев назад

Very true 😂

@K_man217 11 месяцев назад

How exciting

@Soff1859 11 месяцев назад

A friend got on the list for a datejust at bucherer about a year ago. They told him wait time 1-2 years. Then called him 2 months later and said it was now ready for purchase. He declined because he wasnt done saving up for it yet... Anyway, why would people go along with this crap treatment instead of just buying an omega or similar with actual luxury service?

@italianstallion3130 11 месяцев назад

Watching this video only makes me love my Seamaster that much more. It’s like watching your ex girlfriend go through some crazy life drama and thinking “man I’m glad I’m not in that world anymore”

@paulmaggs3212 10 месяцев назад

Exactly right!

@Lord_Rhyek 10 месяцев назад

Makes me want a Rolex even LESS!!

@ryv2582 10 месяцев назад

Well said

@rockymntdan1 10 месяцев назад

Great! Grand Seiko is a "keeper" too.

@TeodoroBrooks 10 месяцев назад

great self justification for not being able to have the one you like in both terms, price and allocation

@whodeycinbengals 11 месяцев назад

Say what you want about Omega, but at least they are reasonably priced and even more importantly, AVAILABLE TO BUY

@FightingMango 10 месяцев назад

They USED to be reasonably priced. So many price hikes now take them to over inflated

@seanelstob5922 10 месяцев назад

Omega are very old fashioned in their approach to selling their product. You can actually walk into a store and buy a watch from them. No waiting lists. Amazing.

@Monami262 10 месяцев назад

People want Rolex because it’s not available to buy. Sad to say but that is the hard truth. Another marketing win by Rolex

@mastodon5220 10 месяцев назад

@@Monami262well that “ controlled“ distribution keeps the value of the watch so they can go up eventually in Rolex cases most of the time . i love Omega but beeing able to buy straight ahead and losing 3k by walking out of the door is absolute dogshit .they lose so much it’s infuriating. and no Omegas should not be priced the same as a Rolex

@davkirk8741 10 месяцев назад

In the end, sweet Omega tucks our wallets in for the night

@TonioToutBeau 11 месяцев назад

Andrew, I have watch a lot of videos regarding this topic. Some wanted to be first to publish looking for View counts without some prep. Your content was well prepared although I am sure you tried to put something together in a timely matter but you ended up with one of if not the best video analysis so far. I agree 100% with you that this is only the beginning as part of a 10 to 20 year strategy for Rolex. I can't wait to see what will be their first high end model that will compete with AP and Patek.

@3000waterman 11 месяцев назад

Rolex hype is amazing to behold. But when I put my Rolex against my Breguet I can see just how silly the whole thing is. Rolex make good watches at inflated prices. Breguet make high horology that staggers the eye.

@cecaju9516 11 месяцев назад

Different animals completely. Each have their place.

@GM-ii8gs 11 месяцев назад

Hold your horses, Rolex now gets Carl F Bucherer, so access to some HH movements and manufacturer, anticipate a HH range in the next 3 years.

@SopwithTheCamel 11 месяцев назад

The watch world commentariat in unison declared Rolex was a “mass produced” watch. The next thing you know you couldn’t find one to buy. Still makes me smile.

@stupidocanerosa 11 месяцев назад

One million watches per year is mass production. And in the near future the production will double. We are talking Casio, Citizen and Seiko production capability.

@ELLEGGEE 11 месяцев назад

In Denmark Omega pulled out of bucherer 6 months ago

@fabiananeiros6425 11 месяцев назад

Now we have more places to get on a wait list!

@TheGrenadier97 11 месяцев назад

Many more watches to not get!

@Stygianduck 11 месяцев назад

I think, part of the reason, and obviously not all of it: With the popularity of watches now, and with every watch youtuber and magazine portraying Rolex as the villain of the industry, with the waiting lists and purchase history; even though as you said it's not really Rolex's fault; It is starting to impact the brand image, their biggest asset, and they need to act fast to counter this. Now more than ever, high-end watches have become very popular, and now more than ever you can see people NOT wanting their first luxury timepiece to be a Rolex.

@picanha694 10 месяцев назад

The vips and famous people will get the watch easily so we peasants are forever stuck to be buying it for an overinflated price on grey dealers.

@blzbobski 11 месяцев назад

I don’t think Rolex want to match Patek or AP.. They want the 30%-50% markup retailers are getting as the watches go screaming out the door. Why pay a retailer commission. Also A.D.s have no doubt being doing some under the table dealing with above MRP selling for 40% above on the grey market. How did all those watches get on the 2nd hand grey market still tagged?

@roycedot 11 месяцев назад

And blank warranty cards

@fredo1070 11 месяцев назад

"THIS IS ROLEX!" as he kicks the ADs down the well.

@markusplotz2259 11 месяцев назад

Only thing I have to say about Rolex is: As a watch enthusiast for over 10 years, I can't see them anymore. They're everywhere. Fakes and Gens. Just my opinion.

@beatenbytheclown 11 месяцев назад

This makes me all the more happier that I recently purchased a Grand Seiko directly from their boutique. None of this having to book an appointment and ‘establish a relationship with the brand’ bullshit like you get with Patek, AP and the likes. Saw something I liked in the display and bought it, simple as. If an industry behemoth like Rolex want to go down that route then so be it, but I’ll probably take my business elsewhere. Some of these watch brands can take their exclusivity and shove it.

@Artsyballoons 11 месяцев назад

Exactly how I felt when I bought my Grand Seiko as well.

@jeffdj1975 11 месяцев назад

1000%

@mccobr 11 месяцев назад

Lucky you

@TheJlrc07 11 месяцев назад

You are right that's why I own Breitling, Omega and Longines Watches. Well said

@mccobr 11 месяцев назад

@@TheJlrc07 Absolutely. Exclusivity and value retention are so overrated.

@kvom01 11 месяцев назад

I visited the Bucherer shop in Caesars Palace in LV, that was formerly Tourneau. No more Patek there.

@ivankerr3570 11 месяцев назад

Stop press : Wos opens new Rolex superstore in London with no stock lol

@Omegaspeedmaster69 11 месяцев назад

This isn't the only time Rolex has bought out the important cogs and wheels of the swiss watch industry,which in other countries,would be illegal due to competition regulations.

@667hodge 11 месяцев назад

The first dive watch was introduced in 1932 by .......Omega

@TomReinerDE 11 месяцев назад

Ok. This has been by far the best analysis so far.

@carlvoxvires 11 месяцев назад

I think that it means we have 2-3 years max before all Tudors retail over £5000

@davkirk8741 11 месяцев назад

And the Rolex will all start at 20K

@GM-ii8gs 11 месяцев назад

I agree with both of you.

@lukedavies3732 11 месяцев назад

I hope not, because I want to buy more Tudor, not Rolex. But sadly, I think you are probably right.

@GM-ii8gs 11 месяцев назад

@@lukedavies3732 I'm hearing another price rise for Tudor on Friday the 1st Sept in UK, you might want to hit the plastic sooner than later...

@TheIrishLoaf 10 месяцев назад

Scuba divers have been wearing (and need to) a diving computer since the late 1950s. So it's really funny to see how Rolex have managed to convince people that scuba divers need these types of watches. Their only valid function is some form of time backup and if they break then you are deeper than the watch limits!

@tockingwatches2377 11 месяцев назад

Next move: Tudor buys Watches of Switzerland while their stock is suppressed.

@GM-ii8gs 11 месяцев назад

£1.31m capitalisation on Friday, Rolex has more than that in the spare change tray in it's car.

@carlmullender2941 11 месяцев назад

As an MBa in sales and marketing , I agree with you, this is a game changer, just look at the WoS share price. going vertical requies an additional skill that Bucherer will provide. But they must continue to create great watches ??

@ThuTroothHurtz 11 месяцев назад

When Bucherer were forced to purchased the used watches from Rolex were they aware of the allegations that some of the watches were stolen watches that were sent by authorities back to Rolex but never returned by Rolex to their owners even though they were traceable by serial number?

@Bisley1 11 месяцев назад

Is there any proof of this? I can’t imagine it being true. The potential damage to their reputation seems too high, if the watches came from Rolex. But I thought Bucherer bought the watches from the open market and had them serviced. To my knowledge you can still sell your watch to Bucherer’s preowned.

@ilmostro16 11 месяцев назад

What I’m a bit confused about, maybe someone can touch on this, is that I thought Rolex did not have any of its own boutiques while other brands such as Omega and Vacheron and Breitling and Cartier do have their own boutiques. For example, in downtown Chicago I passed a Cartier boutique on my way to the Omega boutique and stopped at both Vacheron and Breitling. These were Omega and Breitling and Vacheron only stores, true boutiques. But Rolex never had any. So this purchase of Bucherer is just Rolex “catching up” to the rest of the high end brands to have their own stores. Right? Or no? What’s the big deal?

@andrewkolb1560 11 месяцев назад

Excellent reporting.

@statuswan 11 месяцев назад

So Carl F. Bucherer is now the sister brand of Rolex just like Tudor? 😂

@GM-ii8gs 11 месяцев назад

Gets Rolex some HH movements, can't see any downsides on this deal for Rolex, it's just win, win, win...

@amickinflorida9008 11 месяцев назад

Well Rolex and Bucherer have always been like a “brother from another mother”. But ya, now they are sisters.

@jason_jay3868 11 месяцев назад

Best take on the bucherer acquisition so far

@jc2426 10 месяцев назад

The other revenue stream not being discussed much is that Bucherer is the the main Rolex Certified Pre-Owned reseller. That is a multiple stream of reselling revenue stream for a single time piece multiplied by all of the Rolexes ever sold. Example below: - A buyer purchases a Rolex Certified Pre-Owned piece from Bucherer. - He later sells this piece back to Bucherer at below resell market value to purchase another Rolex or any other brands within Bucherer (This is standard practice for all grey market dealers). - Bucherer services this timepiece and resells it at a higher margin. - Multiply this by the lifetime of this timepiece, multiply this over all of the Rolexes in circulation.

@scottlalonde2878 10 месяцев назад

Nice video Andrew, thank you 🙂👍

@roycedot 11 месяцев назад

They deserve each other. Bucherer will probably shrink their stores and a lot of their garbage sales reps will be let go. Having a smaller set of more knowledgeable sales reps will be a plus for customers.

@kazaabitboll2026 11 месяцев назад

I was in there today in Zurich, a young girl served us, she knew her stock, knew the products and was good, we didn’t buy as I didn’t love any of them

@richardnedbalek1968 11 месяцев назад

Options are good. I’d like the option to substitute lume-free hands for lumed ones.

@ewalk4692 11 месяцев назад

I doubt Seiko will be bothered. 😁

@TheUntitledMisc 11 месяцев назад

Customisation has always been a part of old Rolex which I hope returns. My father in the past was able to change the dial of a watch he was buying to another dial he would prefer and etc.

@Spongefov 11 месяцев назад

can't wait to be truly humbled and blessed, and still not bother to join a retailers wait list

@kfwimmer 11 месяцев назад

Another one of your best!

@HellhoundX90 11 месяцев назад

Rolex, Rolex that. There is more to the watch game than bloody Rolex!!! 😤

@jaimemello17 2 месяца назад

💯 agree

@Mcjohn97 11 месяцев назад

Top man !!! Excellent forecasting .

@watchnorthlondon 11 месяцев назад

Supply is going to rise. Rolex are managing a return to (relative) supply sanity and will directly attack the profit margins of the grey and secondary markets. The flip factor is going to be managed and controlled by removing the bit of the transaction chain they can't influence. It's reputational management and puts the power back in their hands to decide and direct the market.

@rayharrison6400 11 месяцев назад

Totally agree this is just the beginning. Increasing their footprint and securing revenue too with an added increase in market control. This may open the floodgates for struggling retailers to sell up a d cash in.

@DWilliam1 11 месяцев назад

Bucherer on 57th street in NYC is my AD. I’m just concerned with the other brands.

@config2543 11 месяцев назад

I’d just like to be able to go into a store and buy a watch. Whatever makes that happen without markups and wait list. Sounds good to me.

@davidr2802 11 месяцев назад

Timex is waiting for you

@jamese1596 11 месяцев назад

So are every other luxury watch maker on the planet. If Rolex can’t get its 5hit together, then none of this hype matters.

@rem9011 11 месяцев назад

@@jamese1596 You must be very new to watches, or simply not know a single other brand. No luxury brand can be bought "on the spot" for the "hot" models, the difference is that the likes of Omega and IWC can only produce one "hot" model while for Rolex it is just about 70% of their offering. Go try buying Omega snoopy or IWC ingenieur and tell me how it went.

@HRM.H 11 месяцев назад

@@rem9011 get a hobby mate. Genuinely

@rem9011 11 месяцев назад

@@HRM.H I do have a hobby. Its called watch collecting, hence I am on this channel. Why are you here then mate?

@Chiller11 11 месяцев назад

Rolex is about making money. They’re not about making watches. I’m not saying that is a dishonourable motivation. Making money allows one to make good watches. I personally would choose a brand that is about making watches, say A Lange & Sohne, over a brand about making money.

@jeffdj1975 11 месяцев назад

Agree!!!

@roycedot 11 месяцев назад

I’m a big fan of A Lange & Sohne but they are arguably more about making money since they are owned by a publicly traded company. Publicly traded companies have a fiduciary responsibility to investors/share owners. Also Rolex “not making watches” is an odd statement when they, by far, manufacture the most watches every year.

@Chiller11 11 месяцев назад

@@roycedot Depends on what one means by about I suppose. My meaning implied the major emphasis of the company. Rolex seems most celebrated for its innovative business and marketing strategies as opposed to horological innovations. Sure that’s oversimplified (I know early wrist watch adapter, early waterproof watch etc.) but still a common perception . True Lange sold to a public corporation but they seemed to have retained their low production rate of finely hand finished, often complex and innovative time pieces. Luxury products are like indie bands. If too many people know about them or can access them they’re no longer cool. By manufacturing 1M watches per year Rolex flirts with the uncool.

@tausifraza6910 11 месяцев назад

I really like Andrew's videos with only the microphones. Those videos were different and beautiful than any other watch review videos

@user-vn5bs7gn1u 11 месяцев назад

If Rolex is hoping to move into Patek territory - wouldn’t it take more than a customer experience? Patek bangs on about their high standards and the Geneva Seal, which is a justification of their desirability. Rolex is an interesting phenomenon - what is it about its name and aspirationality? The Bucherer purchase, in my view, is a means to control not only their sales, but those of its competitors - bearing in mind that Bucherer still needs to return a profit.

@billchan6180 11 месяцев назад

Rolex are bullerproof without a geneva seal, its weird how they achieve that with ugly movements

@googleuser1079 10 месяцев назад

As a fan or Tudor, I worry Rolex leaves the line to retailers who relegate it to displays in the back, next to quartz Bulovas.

@carlosbcn2020 11 месяцев назад

That’s the same philosophy as Zara. The brand owns all the stores and the sellers have even to pay a rent for it.

@GM-ii8gs 11 месяцев назад

They got this from supermarkets, like Tesco, where you have to buy on eyeline shelf space.

@BlackWipeout 11 месяцев назад

Rolex opens the war against the gray market, nice move. Here in Switzerland, buying a Rolex is always via Bucherer store anyway.

@Mega-zi7ys 11 месяцев назад

Fly to Asia and get multiple pieces of sports models in street corner shops in hk , Japan and small shops in sg malls. Genuine pieces

@donaleeesio 11 месяцев назад

@@Mega-zi7ys yeah a nice superclone, perfect box and warranty card😂

@Mega-zi7ys 11 месяцев назад

@@donaleeesio your ignorance is mind baffling... you best delete your post it's shamefully ignorant

@Bisley1 11 месяцев назад

That’s only mostly true. There are other ADs, but Bucherer is certainly the largest and most well known.

@sankss1684 10 месяцев назад

@@donaleeesioNot in Hong Kong or Japan. Thailand and Singapore is filled with fakes

@peakrider4886 11 месяцев назад

I’d like to be a fly on the wall in that Swatch group boardroom the day after the announcement. To see customer money for their product going into the pockets of Rolex is going to be a bitter pill to swallow.

@robc8892 11 месяцев назад

Same as Richmond group owning watchfinder

@tomcraig8027 11 месяцев назад

If it leads to a more consistent merit based customer treatment then it could be a good move. Anyone should be able to buy a watch and given a ‘queuing time’. If this happens it would also deflate the grey market which thrives on people’s insecurity that they will NEVER get a watch.

@robertschmidt9584 11 месяцев назад

The only merit is oddly and obviously based upon what you spend.

@TheRunningManZ 11 месяцев назад

There will always be "preferred customers" rightly or wrongly, that's why you see certain celebs with all the off catalogue fancy pieces etc. Rolex won't do away with this IMO. It happens with all brands, if you buy so many Patek's you get offered a unique piece for example. They all do it.

@djones1304 11 месяцев назад

no one has an inalienable right to buy a luxury watch.

@davidr2802 11 месяцев назад

@@djones1304 word

@buridah328 11 месяцев назад

What’s Merit based treatment mean

@structurescience 11 месяцев назад

Excellent! Watching from Retro, vacation day 30.

@randomreviewz2628 11 месяцев назад

Question: I'm looking to buy a new Datejust at some point between now and 2 years times. Is there any merit in waiting to approach my AD? Might the wait times dramatically reduce when Rolex start working this new retail option?

@wave1016 10 месяцев назад

Yes. My buddy got a sub in ~2 years. You can absolutely buy that watch you’re dreaming about.. a lot of the complaints about Rolex have more to do with waiting for an exorbitantly priced product in the first place than the wait itself imo. That at and certain watches they make are impossible to ever see at an AD 🤣🤣 Some dealers I’ve been to don’t have waiting list, and are first-come first serve. I’ve seen plenty of date Justs for retail that way.. if you’re ever traveling I recommend always checking out an AD in that area.

@gscraggster6553 11 месяцев назад

Could not help but notice that subtle but clever reference to another brand. 😊

@BAF605 11 месяцев назад

Sharf did what he called a brain dump video on the takeover, saying Rolex would do better to buy a grey market dealer like LB for instance. He'd have done better to just take a dump!!

@GM-ii8gs 11 месяцев назад

Yep, buying up grey dealers will tarnish their image, plus they is 1800 (-100 for Bucherer) ADs to start on first.

@WatchReporter 11 месяцев назад

rowleks would have nothing to do with the trash used watch salesmen like sharf.

@BAF605 11 месяцев назад

@@WatchReporter As The Pontiff would say "The Guy's a delusional fantasist". 😂😂😂😂

@WatchReporter 11 месяцев назад

sharf is a just a trash backpack dealer on a larger scale. he should merge his business w anfernee and prune face. then squalee would buy him.

@BAF605 11 месяцев назад

@@WatchReporter 😂🤣😂

@melondoc 11 месяцев назад

Best video on this topic by a country mile… 👍

@bbrebozo6417 11 месяцев назад

The last Bucherer sold his store because he has no heirs. The other manufacturers are objecting to it because they won’t want to have they watches handled by Rolex. So if it goes through the anti trust, they’ll probably drop Bucherer as a distributor. Nothing will change for consumers. Rolex is a snobbery brand, even if it’s distribution goes 100% to its own boutiques. They’ll want to give potential customers a financial colonoscopy (with a very large camera).

@Mpayne1472 11 месяцев назад

Nobody is objecting to anything yet

@carlmullender2941 11 месяцев назад

I went to WoS to buy a watch, having checked on line it was available, I lined up finance, all was good and that was it. I have returned to that store 6 times in last 12 months, and not bought a single item, yet my collection has gone from 1 to 7 in that time , all 6 brands are available at WoS but nobody gave a ..it . The 3 local London boutiques got all my money and I am a happty bunny, ps not a Rolex in sight .

@philw4053 11 месяцев назад

The ironic thing is that although we dont realise it, we want the scarcity. It's the scarcity marketing that makes you want what you can't have. As soon as you can walk into a Rolex boutique and buy a Pepsi GMT - you probably wont..... Which means Rolex will never let that happen.

@mindfulawareness1 11 месяцев назад

Rolex must employ full time psychologists, because the marketing illusion/delusion runs deep; that's how the entire luxury goods market works.

@garyboyle695 10 месяцев назад

Speak for yourself as their marketing strategy doesn't make me want to buy a Rolex, far from it.

@LuminoX182 11 месяцев назад

... the best customers of any AD has always been the Re-Sale (Grey Market) Dealers from the years of them purchasing unsold pieces. Therefore, many of us are no longer able to buy even a DateJust at retail since 2016 or so. Therefore, now Rolex should have more control in serving the end users. Keyword being "should"...

@rockymntdan1 10 месяцев назад

Used to be a Torneu store here in Vegas, now it's Bucherer and it sucks. Bummer

@MR2D2AL 11 месяцев назад

Your intellect is delightful! The mere thought that Rolex might soon play “how badly do you want it” with the very same ADs that have been using an identical tactic against their own customers is… delicious.

@stephenhenion8304 10 месяцев назад

This is like Luxottica and Lenscrafters in the world of designer Eyewear, back in 1995!!

@rickjason215 11 месяцев назад

Rolex is obviously taking control of their product from factory to store. I can’t wait to laugh in my AD’s face, when he loses his Rolex franchise. I wonder if his favored customers will still overpay for his junk jewelry?

@hugohernandez3651 11 месяцев назад

Based on Rolex market share, they basically don't have any competition. As a result, the other brands should not be worried about this. The retailers should.

@Cohen.the.Worrier 11 месяцев назад

Is it a good move for Rolex to have their AD's worried? Imo no, they'll be looking to add other brands to their line-up.

@GM-ii8gs 11 месяцев назад

@@Cohen.the.WorrierChance are they have already other brands, it's a rare indy AD which is Rolex only, both for feed brands but to spread risk, the 80/20 rule, but Rolex is the anchor brand, nothing else compares.

@roycedot 11 месяцев назад

Rolex has 30% marketshare. They definitely have competition - 70% of the market

@GM-ii8gs 11 месяцев назад

@@roycedot It's not as clear cut as that, the 70% contains dozens of companies, the problem is the next biggest competitor is less than a third of the size of them: "Retail market share of the leading Swiss watch brands worldwide in 2022 Rolex 29.2% Omega 7.7% Cartier 7% Patek Philippe 5.1% Audemars Piquet 4.7% Longines 3.9% Richard Mille 2.7% IWC 2.6% Breitling 2.6% Vacheron Constantin 2.2%" So Omega, Cartier, Patek Philippe, Audemars Piquet and Longines together are the size of Rolex!

@roycedot 11 месяцев назад

@@GM-ii8gs I know but the “next biggest competitor” being less than 1/3 of Rolex doesn’t mean Rolex doesn’t have competition. You even mentioned there are dozens of other companies. Those companies are competitors grabbing 70% of the market

@valientdiscretion 11 месяцев назад

This may be great news for Rolex, but not for customers. I don't want a boutique experience (and certainly don't want to pay for it) I want a watch.

@nizarmurar 11 месяцев назад

Dear Andrew Unlike other watch content youtubers, you are, as always, the most professional ever . Many thanks, my great therapist ❤ . With love and appreciation Nizar -Israel

@agill2103 11 месяцев назад

They can buy all the retail chains, if there are still silly wait list times then nothing has changed.

@mikeellis4345 11 месяцев назад

I don’t blame Rolex one bit, good move to take more control of their products. A lot of grey market dealers are now collectively crapping themselves . We shall see what happens next

@thegorn 11 месяцев назад

It doesn't impact them because people still buy Rolex to flip on the grey market. Bucherer ain't going to be buying back a watch they just sold for 30% more lmfao!

@c1pher428 11 месяцев назад

@@thegornyou have a good point. But I believe this is Rolex’s first step in destroying the grey market. They are increasing production and have now purchased one of the worlds biggest retailers. Rolex can now put Rolex sales people, in Rolex stores and reduce the amount of watches going out the back door to grey market dealers, which is happening at the ADs all the time. They will increase their prices, start to take their place in the holy trinity and prop up Tudor as the Rolex replacement and the gateway into Rolex.

@Cohen.the.Worrier 11 месяцев назад

Wasn't the CPO program going to take care of the grey market?

@c1pher428 11 месяцев назад

@@Cohen.the.Worrier they’re probably attacking it on multiple fronts I imagine, cut the grey market off from a supply perspective and reduce the amount of AD’s. Then capitalise on the second hand market with their second hand program, the issue will be flippers.

@roycedot 11 месяцев назад

@@Cohen.the.Worrierno, the CPO price is higher than gray for most pieces and CPO also is only for watches made within a certain timeframe

@MBimmer 11 месяцев назад

One place for the “wait list” instead? That could be very convenient. Best of luck.

@grantmorriss2557 11 месяцев назад

Where do we get the jumper?

@turbyoulance 10 месяцев назад

There is No Rolex Dealer where I live in Tasmania /Australia the second oldest discovered state in Australia.

@ultimaetsolder 11 месяцев назад

What will the other brands do... Omega stay in Rolex owned store?

@gsrossco 11 месяцев назад

Great analysis

@lookingfordrama01 10 месяцев назад

VERTICAL INTERGRATION.😂😂😂

@arashmalekzadeh1 11 месяцев назад

If I'm the other watch brands I would just pull out of Bucherer

@carloscarter9429 11 месяцев назад

Please! Rolex is not scaring any of the holy trinity. I’m looking to get Patek, Audemar, or Vacheron. Rolex is all hype and advertisement. One of the Holy Trinity of watches are my aspirations.

@aussieexpatwatches 11 месяцев назад

The boutique only model hasnt helped AP improve that experience...

@okihaveaname 11 месяцев назад

Instead of "You'll only have to wait months for your watch" to "You'll only have to wait weeks for your watch". I'll just go buy another brand.

@aromaticsnail 11 месяцев назад

Have you considered offering your content in an audio-only/podcast format as well? It could suit that alternative format quite well.

@abcdLeeXY 10 месяцев назад

I’m part of a Rolex group called F Rolex AD. Buying a luxury item and feeling like a peasant to those sale associates.

@spex7503 11 месяцев назад

I predict this sets off a chain reaction of similar moves, culminating with Pagani Design buying AliExpress.

@Ada..D 11 месяцев назад

Strange to think that 99% of the words population will never own any of these brands.

@barneyrubble9309 11 месяцев назад

Damn, i was thinking a Bucherer watch but went Grand Seiko instead but the Bucherer might have been a decent long term punt since im guessing that brand will dissappear now?

@GM-ii8gs 11 месяцев назад

Doubt it, Rolex have had a good look at Richemont, perhaps they want their own family of brands, can't beat a bit of market segmentation.

@OscarRPalma 10 месяцев назад

Now Carl F. Bucherer will have a 3 year waitlist

@brianwca 10 месяцев назад

It'd be interesting if Rolex dictated to Bucherer a new "waiting list" system. What would be the most consumer-friendly system? Rolex could insist on it. Spitballing: No individual gets more than 1 watch per year. Put in your name for the model you most want and when it comes in either we go first-come first-served or we randomly pick someone from the list. They could offer full transparency. e.g., "You're number 4 on the list. We expect your wait time to be 9 months." I don't know what the most fair system is, but it's interesting to think that Rolex could force it to happen.

@4AllUSa 9 месяцев назад

NOW "Rolex Certified Pre-Owned Official Jewelers second-hand timepieces that are certified and guaranteed by the brand."

@1SaG 10 месяцев назад

"according to Rolex ... nothing will change". Right... that's why you make a move like that... to keep things just the way they are... :)

@stephen9609 11 месяцев назад

I have 7 Rolex ADs in my general area - none of them are Bucherer (or Torneau) - what impact do you think this purchase will have on the countries/regions that don't have an existing Bucherer store?

@MrMarcob73 11 месяцев назад

Very clever question! Answer: No inpact at all. AD are globally 1816, and Bucherer are 36 boutiques. Bucherer is more or less 1%. So nothing will change. Just more gossip and bla bla for all.

@roycedot 11 месяцев назад

No impact until Rolex opens a Bucherer there. 7 Rolex ADs sounds like a busy area ripe for Rolex to open their own store

@robertlock6041 11 месяцев назад

So I wonder how Tudor fits into this strategy...

@GM-ii8gs 11 месяцев назад

Like before, feeder brand and Bucherer has 50 odd Tudor doors.

@btmontres1423 11 месяцев назад

Great points about what's next. Pushing upmarket is a worthy goal, but while the crown does make a fine timepiece, they've never truly entered the haute horology (HH) realm like PP, AP, or VC. So does having exclusivity substitute for entering HH? It depends on what Rolex does to make their watches exclusive. And I know this is a little off topic but did you see that the size of that movement at 5:36 in the Deep Sea?

@GM-ii8gs 11 месяцев назад

Carl F Bucherer has some HH movements, this could be Zenith all over again.

@keesketsers5866 10 месяцев назад

Rolex pushes upmarket with gold/platinum, rare models, jewels, waiting lists etc etc but never with horology. Sure they update and have some nice innovations, but they will never go HH because the Rolex buyer doesn't care about the movement. Most Rolex owners can't even tell you what movement their watch has. Rolex could easily go quartz and hardly make a dent the sales. What horology buff is interested in Rolex? I would guess none. No, the draw of Rolex is in the percepted value, not in the realistic value.

@HRM.H 11 месяцев назад

Lets hope bucherer spreads to more countries and rolex get rid of these backdoor dealing AD'S.

@rem9011 11 месяцев назад

Bucherer is well known to be one of the ADs with the most watches ending up in grey.

@HRM.H 11 месяцев назад

@@rem9011no they arent. stop spreading miss information and acting like you know it all. 😂

@alexius8111 11 месяцев назад

Bucherer staff are equally corrupt .. so does not matter

@aureate 11 месяцев назад

5:11 You just stated why none of the retail shenanigans will change. When they agree upon the contract, independent operation is baked in. Unless there is a contract renegotiation, then who cares? The only thing this ostensibly changes is that they gain the ability to claim vertical integration, and they can make money off the retail markup.

@MisterKnightly 10 месяцев назад

Thankfully this doesn't change anything in Canada.

@c1pher428 11 месяцев назад

I believe this is Rolex’s first step in destroying the grey market and ADs. They are increasing production and have now purchased one of the worlds biggest retailers. Rolex can now put Rolex sales people, in Rolex stores and reduce the amount of watches going out the back door to grey market dealers, which is happening at the ADs all the time. They will increase their prices, start to take their place in the holy trinity and prop up Tudor as the Rolex replacement and the gateway into Rolex, allowing people to create a purchase history.

@martinboulden4388 11 месяцев назад

Great video.

@brianmccarthy7768 11 месяцев назад

Like Father Christmas, Rolex have made a list of all the naughty or nice AD children. Using a modified Bucherer as model , they are going to show how they want customers to be treated i.e. you still won't be able to get a watch, but you won't be ritually humiliated in the process. Or maybe there is scope to increase production significantly whilst maintaining exclusivity.

@GM-ii8gs 11 месяцев назад

Don't worry you will get a watch, a CPO watch, while your name sits on the better managed new watch wait list.

@clayrowden3916 10 месяцев назад

Well then, perhaps Rolex isn't complicit in their AD's goof ball games after all and has finally decided to stop their image from being further tarnished. I for one got tired of the BS and went Omega for my most recent watch. I'll keep my Speedmaster forever most likely and when the day comes I can buy a GMT Batman or Girl at retail with no smelly games, I will.

@zombiecucumber7700 10 месяцев назад

Reading comments from watch enthusiasts who don’t understand how business works is endlessly amusing.

@Haru-O 11 месяцев назад

Long term, this will probably lead to likes of Swatch Group, Richemont, LVMH to follow the same model as Rolex. Retailer such as Watches of Switzerland will struggle, eventually become a target of M & A by one of the major watch conglomerate or become part of a past history. I can also foresee smaller independent brands may be forced to consolidate with larger conglomerates. When said and done, this would probably rewrite an entire luxury watch retail model.

@roycedot 11 месяцев назад

Did you watch the video? Swatch, Richemont, LVMH, Patek already have their own boutiques

@Haru-O 11 месяцев назад

@@roycedotI understand that. So does Rolex. There will be further consolidation to eliminate the conflict of interest and overlap.

@khronosbest9448 11 месяцев назад

A sound business move by Rolex. Joe's Jewelry Shop selling Rolex as an AD will come to an ignominious end. It has to. Jos was responsible for the back door, waiting list , playing favorites knowing full well where those sales would end up. The Grey Market. If i were a Rolex exec, i wouldnt be happy. Having my brand run through the mud tends to give Rolex execs a rash and when they get a rash itches will be scratched hence Bucherer. Youre right Andrew this is just the beginning. Wait till they scratch the grey market itch ohhhh boy ! Cheers🍻