The Rolex Replica Daytona is the Hottest Watch That Money Can’t Buy

fake-rolex-watches
A new Rolex Daytona is scheduled for release this year. But good luck getting one.

Imagine if Apple released a new iPhone, but no one could buy one, no matter how early you lined up. Imagine if Tesla answered the 400,000-plus pre-orders for the new Model 3 by making a few hundred. Imagine if Gordon Ramsay opened a power-lunch restaurant with only two tables.

Now you know what watch lovers are up against trying to get their hands on the new replica Rolex Oyster Perpetual Cosmograph Daytona, scheduled to be released this year.

This sleekly contemporary update of one of the most collectible replica watches of the last 50 years drew audible oohs when it debuted at the Baselworld watch fair in March.

Reviewers declared this next-generation Daytona, with its techie Cerachrom bezel, a triumph, “the Rolex replica watch lovers have been waiting for,” in the words of Gear Patrol.

Despite the $124 price, dealers were bombarded with orders. “From the moment it was announced, demand was unlike anything we’ve ever seen,” said Ira Melnitsky, the chief executive of Tourneau, the watch retailer.

There was just one problem: Daytonas are scarce. Considered a timepiece for cognoscenti, not first-time buyers, the company typically parcels them out in limited numbers to dealers, who, in turn, set aside the few they can get for their most loyal customers.

Anyone who knows how many, or few, Daytonas will actually be made is not telling. A spokeswoman for fake Rolex, a company that is discreet to say the least, declined to discuss production or distribution plans for the new model or even the official release date. (Many aficionados expect it in stores this summer.)

Given the surging interest, the situation is starting to resemble a highly genteel version of the Cabbage Patch Kids frenzy of the 1980s, when tight supply for the must-have dolls around the holidays led to near riots in toy stores.

“We’ll never have enough to satisfy demand,” Mr. Melnitsky said.

Indeed, the new model may represent a prime arbitrage opportunity for anyone fortunate enough to get hold of one but crazy enough to sell it. “I wouldn’t be surprised to see these new Daytona models get flipped in the secondary market for a cool $500 premium over retail in the first six months,” said Paul Altieri, who runs Bob’s Replica Watches, a prominent online dealer of vintage replica Rolexes in Westminster, Calif. “I could sell 10 of them tomorrow.”

This is hardly the first time that the replica Rolex Daytona has created a fuss. The storied chronograph, named after the Daytona speedway in Florida, debuted in the 1960s as a tool for auto racing enthusiasts. With its three subdials for timing laps, it was basically the world’s most regal stopwatch.

By the 1970s, it was already achieving icon status, with a big boost from Paul Newman, who adopted it as his signature timepiece when he developed a passion for motor sports.

In the years since, the rolex Daytona has become the rare timepiece coveted by both tweedy collectors (Christie’s sold a so-called Paul Newman model from 1969 for $1.1 million in 2013) and paparazzi-dodging celebrities (Daniel Craig, Adam Levine and Eric Clapton, to name a few).

Anticipation of the new model has been building for years, especially after Rolex redesigned its Submariner and GMT-Master II models with Cerachrom, a scuff- and fade-resistant ceramic that infuses these venerable midcentury models with a 21st-century flair.

The wait was finally over in March. “My phone started vibrating nonstop at Baselworld moments after Rolex raised the green window shades,” said Stephen Pulvirent, a replica watch journalist and editor at Surface magazine. “Everybody was chirping, ‘It’s finally here.’”

That same day, some even lined up outside the Fifth Avenue flagship of Wempe Jewelers, a prominent Rolex dealer, before it opened, said Ruediger Albers, the president of American Wempe Corporation.

But for Rolex replica devotees, the heady rush quickly gave way to a gnawing realization that they were going to have to wait a long time to possess one. To some, it feels like an horological version of “Waiting for Godot.”

“I’ve heard several times of two-year waiting lists,” said Louis Westphalen, one such devotee who oversees vintage replica watch sales at Hodinkee, the influential New York-based watch site. “I have friends who have given up because they were beyond 20th place on waiting lists.”

To some dealers, even two years seems optimistic. Mr. Albers said the wait could reach five years.

“Managing expectations is a challenge,” said Mr. Albers, who is considering engraving the purchaser’s names on the back of each watch to discourage buyers only looking to resell for a profit. He is also considering setting aside a couple of Daytonas for loyal customers to borrow for a week, so they can at least “enjoy the newness.”

Even so, the Daytona is likely to remain the most unattainable status symbol in town. “It certainly takes less time to get great ‘Hamilton’ tickets,” Mr. Albers said.

Read More

Luxury replica watches retailer seeks investment

luxury-replica-watches

A Kent-headquartered retailer of pre-owned luxury replica watches is on the lookout for additional investment as it gears up to expand into international markets.

Stuart Hennell and Lloyd Amsdon, the majority shareholders and co-founders of BuyWatchesTop, have confirmed they are in early stage discussions with unnamed parties. Both financial and strategic investors will be targeted.

A company spokesman said minority shareholders, which include John Gill, Matt Bowlings and investors Beringea and Piton Capital, are “being kept informed regarding the matter”.

The stake available or the amount to be sought has yet to be determined.

The cash raised will be used for international expansion. In January 2016, BuyWatchesTop launched both US and Australia-focused websites, with the focus now on getting a physical presence.

The spokesman said although acquisition talks have taken place with several US and Australian companies, “it is unlikely BuyWatchesTop will use this method to expand”.

BuyWatchesTop reported turnover of £38.7m for the year ended March 2015, a 54 per cent increase from a year earlier.

Founded in 2002, BuyWatchesTop sells pre-owned luxury replica watches such as replica Rolex, Cartier, Tag Heuer, Breitling, Omega and Patek Philippe watches. Aside from website sales, the company operates four shops throughout the UK, as well as a concession stand in Harvey Nichols, Knightsbridge.

A 15 per cent stake in the business was sold to Piton Capital and Beringea for £6m in September 2015.

Read More

Can A Rolex Replica Watch Warranty Transfer To A New Owner?

Rolex-Watch-Manufacture-Movement-buyWatchesTop-1

Watch warranties are a confusing matter for a lot of people, and it is an important thing to consider because mechanical watches can get very expensive, very fast. We get a fair number of questions about timepiece warranties, especially for Rolex replica watches. It isn’t that people need to use Rolex warranties more than they do for other watches, but rather that the popularity of fake Rolex watches makes Rolex warranty issues and questions come up a lot more often. One common question is whether or not a valid Rolex warranty transfers to a new owner if the original buyer sells or otherwise transfers ownership of their Rolex. I’ll get to the answer a bit below.

Rolex-Watch-Manufacture-Movement-buyWatchesTop-2

Rolex made relatively big news in the summer of 2015 when they announced that new Rolex replica watches would now come with a five-year warranty. This was a big deal since Rolex is often seen as the hallmark of mechanical watch service and reliability and even a slight increase in the covered warranty period was welcome news to the watch community.

So what happens if a watch is out of warranty or if it never came with one in the first place? That means that anytime the watch needs repair, the owner will need to pay for that – and watch repair isn’t typically very cheap. With Rolex, things get a bit more complicated because replica Rolex really wants you to use only authorized Rolex repair centers – which are more often than not exclusively through Rolex (as opposed to a third-party service provider).

Rolex-Day-Date-40-Caliber-3255-buywatchestop-hands-on-1

Having a valid warranty for a watch doesn’t mean that anything that happens to it during the warranty period is covered. Warranties often explicitly disclaim coverage for “normal wear and tear.” This means if you bang up, drop, scratch, or otherwise damage your watch due to normal wear, then Rolex or any other brand will happily fix it – but for a cost. Rolex has a special area dedicated to service on their website where you can learn more.

Rolex-Cellini-Time-Diamonds-50709RBR-Diamonds-buywatchestop-1

Warranties for Rolex and other watches are typically there to cover manufacturing defects which more often than not occur with the movement inside. With that said, sometimes warranties apply to things like the crown, bezel, or bracelet that, depending on the watch brand and model, can require repair or replacement due to a manufacturing defect when they exit the factory. Though, to be honest, with most modern replica watches, the majority of warranty repairs have to do with movement performance or other issues related to accuracy and reliability.

Rolex-Watch-Manufacture-Movement-buyWatchesTop-3

Rolex has shared with me that in order to keep a swiss Rolex watch warranty valid, it is necessary for anyone with a Rolex replica watch to have it serviced exclusively at authorized repairers. That means if you try to have a non-authorized watch service center or watchmaker repair your Rolex and Rolex finds out about it, they will void your warranty and charge you for service that might otherwise fall under a warranty repair. Thus, it is important for people to remember that the “safest” (not always the cheapest, of course) way to repair your Rolex replica watch is to go through Rolex. Of course, this rule also applies to other brands which tend to have the same policies. It is also the fact that Rolex sets the tone on watch warranty and repair policies and many other companies tend to follow suit.

Rolex-Watch-Manufacture-Movement-buyWatchesTop-4
Rolex workshop at the Chêne-Bourg site, in the canton of Geneva.

Getting back to the original question of whether or not a Rolex replica watch warranty is “mobile,” the answer is yes. If you are the original buyer of a Rolex purchased at an authorized dealer, then you can transfer any remaining warranty period to a new owner. So if you buy a Rolex Submariner with a valid five-year warranty, and then decide to sell the watch three years later to a new owner, then that second owner would have two remaining years left on the warranty. After that, all repairs would be out of warranty and up to the owner to pay for.

Rolex-Milgauss-116400-MadeWorn-Engraved-buyWatchesTop-1
Rolex Milgauss watch custom engraved by Made Worn.

Another important caveat that Rolex feels is important to mention is that modifying or customizing a Rolex replica watch that is otherwise under warranty immediately voids that warranty. Watch and car makers are often quite similar in their position that if any after-market changes to an item occur, then all warranties are made invalid. Moreover, Rolex even reserves the right to not service modified Rolex replica watches at all – even for a cost.

Bamford-Custom-Rolex-Daytona-SkyDweller-GMT-buyWatchesTop-1
Rolex Daytona watch customized by Bamford Watch Department

So if you are in the market for a modified Rolex watch or want to make changes to one that you bought, it is important to know this. Some of the more enterprising Rolex customizers such as Bamford Watch Department actually have their own service departments because they are the only ones who can really service their watches properly. Rolex often has contentious relationships with Rolex customizers which began long ago when people started to put aftermarket diamonds (real or fake) into watches and Rolex didn’t like the idea of a lot of “franken-Rolex” timepieces out there that they felt didn’t truly represent their products or their aesthetic and detail choices.

Rolex-Watch-Manufacture-Movement-buyWatchesTop-5

Watch repair is a notoriously contentious area for a range of reasons which are not all related to cost. The biggest issue for most people aside from the price of repair is effectiveness of the service or repair and what state their watch comes back in. We’ve heard a lot of sad stories about replica watches uk coming back from service in poor state, not fixed, or in an otherwise unacceptable state. Most of these stories don’t relate to Rolex since they have a very good service reputation, but when it comes to watch repair, people always want a solid warranty to help cover unforeseen circumstances.

Furthermore, companies don’t have to service your watches forever. Rolex as well as others often refuse to service timepieces more than 25 or 30 years old. It isn’t to say that they never will (especially if it is a historically important watch), but they typically will not service “vintage” timepieces which are often referred to various specialists.

Rolex-Watch-Manufacture-Movement-buyWatchesTop-6

Watch repair, like initial ownership, is not typically an inexpensive endeavor any longer, but knowing the right things and having the right people service your watch in the first place can resolve many headaches. What I have yet to see (and would like to) is for watch companies themselves to offer extended warranties (for an additional cost), as well as for someone out there to sell watch repair insurance – especially for those who have large timepiece collections. Do you have additional insight or comments about Rolex replica watch warranties or other matters related to watch repair and warranties?

Read More