The Rolex lost and stolen register... Suspended.

Vintage Rolex Discussion

The Rolex lost and stolen register... Suspended.

Joined: January 23rd, 2005, 9:30 pm

August 19th, 2011, 9:58 am #1


The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
-Perpetual Knowledge-
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Joined: July 9th, 2004, 2:59 pm

August 19th, 2011, 10:04 am #2

Has a reason been given? nt John
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Joined: April 13th, 2005, 7:18 am

August 19th, 2011, 10:11 am #3

The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
it is quoted as being suspended for the time being due to staffing issues..but the word is its unlikely to return as it was...

I think its just part of the new md's ongoing changes and of course there is speculation that it may be at some stage replaced with some form of 'paid for' service.....
Last edited by jedly1 on August 19th, 2011, 10:11 am, edited 1 time in total.
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Joined: January 4th, 2008, 2:49 pm

August 19th, 2011, 10:11 am #4

The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
Dealers are very wary indeed!! Allegedly it's due to costs and Rolex's perceived vfm

Ross
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Joined: January 23rd, 2005, 9:30 pm

August 19th, 2011, 10:21 am #5

costs that are driving the change.

Its support for the AD's.

When I discussed it with my AD yesterday he described it as "Genius".

Destroying the used market means the new sales will increase.

---Perpetual Knowledge---
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Joined: July 9th, 2004, 2:59 pm

August 19th, 2011, 10:26 am #6

were dealers are discouraged from selling second hand models, its all about selling the new bikes. What exactly the owners are supposed to do with their current trade ins, is not of interest.

Does not facilitate brand loyality as the part ex. values offered by dealers falls dramatically compared with times past to discourage trade ins.

There was a time you could use your Harley all year and for certain models trade in for more than you paid for it.

Not everyone starts off with a gold DD or Daytona, they have to start somewhere and trading in your current Rolex promoted brand loyalty. Not a problem for its the same supplying dealer, but if you shop around it makes it harder if the register is permanently closed.

regards

John
Last edited by fatboyharris on August 19th, 2011, 10:34 am, edited 1 time in total.
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Joined: September 23rd, 2003, 3:40 pm

August 19th, 2011, 11:39 am #7

The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
The vast majority of pre-owned watch dealers in the UK are very much "above board" and value the Rolex Lost & Stolen Register very highly. Its closure will stop bona fide dealers and jewellers from completing pre-purchase checks. If it is a cost issue, I'm sure people would be very happy to pay for the service.

I guess the value of original papers has just gone up a few more percentage points...

Bring back the Lost & Stolen Register!!

Mike Wood
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Joined: June 9th, 2008, 11:18 am

August 19th, 2011, 11:49 am #8

The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
or is there any other way of finding out ?

I wonder if watches that dealers and collectors are holding at the
Moment that have been checked on the register are more valuable
Because its going to be a gamble now with no way of checking

Regards John
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Joined: May 7th, 2006, 5:02 pm

August 19th, 2011, 1:12 pm #9

The vast majority of pre-owned watch dealers in the UK are very much "above board" and value the Rolex Lost & Stolen Register very highly. Its closure will stop bona fide dealers and jewellers from completing pre-purchase checks. If it is a cost issue, I'm sure people would be very happy to pay for the service.

I guess the value of original papers has just gone up a few more percentage points...

Bring back the Lost & Stolen Register!!

Mike Wood
...a master list of stolen watches? Or is that a fairy tail?
Best,
T.

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Joined: December 18th, 2010, 11:30 pm

August 19th, 2011, 1:30 pm #10

The Rolex lost and stolen register has been suspended!!!!!!!!!!!!!

The majority of UK trade buyers who depend on it have closed their cheque books.

London has come to a stand still!!!



---Perpetual Knowledge---
Is that - if it doesn't return - it surely opens up the door for trading in stolen watches!
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