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Re: Overpriced? Say's who?

In Response To: Overpriced? Say's who? ()

I hear what your saying but if you want to give to charity why not just give to charity yourself. Rolex giving to charity really doesn't bear on the qualty VS price issue.

Also it seems like those watches that cost in the hundreds of thousands are ether truly hand made with very small production runs, or have unique complications. Nether of which is true of Rolex. (I'm getting this right from Chronocentric. It's not like I went out and interviewed people who work for high end watch makers)

Rolex is so expensive for the same reason any consumer item is. Because people "think" it's worth it. The intrinsic value of the item has no bearing on the retail price.

: I used to feel exactly the same way, so please
: don't take this personally. I have both a
: Rolex Submariner, and an Omega 2254.50 SMP.
: It's my humble opinion that in this world of
: high-end watches that can cost up to
: hundreds of thousand of dollars, the Rolex
: is actually 'reasonably' priced in
: comparison.

: If you consider their history and so on, they
: should 'theoretically' cost more. I posted a
: question on the TZ forum concerning the
: business end of Rolex, which was graciously
: answered by Stan Sirody as follows: "In
: 1945, Hans Wilsdorf , then the sole owner of
: Rolex and heirless, placed >>> Mar
: 24, 2004 - 06:18 PM

: ... the company into a charitable trust (the
: Wilsdorf Foundation), with two main
: conditions: that the Company would never be
: sold and that it would never be traded
: publicly.

: Wilsdorf died in 1960. Three years later, in
: accordance with the instructions he left,
: stewardship was turned over to Andre
: Heiniger. Today his son Patrick is the GM.

: Aside from many charities it supports, Rolex
: also has a program to support and mentor
: young people in the arts and currently is
: involved in the Watch Technicum program,
: whereby talented American apprentices are
: taught watchmaking in Lititz, PA on
: scholarships supplied by Rolex.

: Rolex also initiated the WOSTEP program, which
: also teaches watchmaking, and sponsors many
: charity events worldwide."

: Having learned that, I don't mind now having
: paid a little more. In conclusion, I don't
: consider Rolex overpriced, I find Omega less
: expensive! Thank God!

: Please accept this in the spirit it's intended.

: Regards,

: Dave