If you’ve ever wanted a Rolex, might we suggest a trip to the UK? Why? Because it could be up to 32% cheaper to do so compared to buying one in the U.S. This is one of those weird things that has happened due to the current geopolitical environment that has produced a lack of pricing parity between regions for luxury goods.
WatchPro noted that this is all happening despite Rolex’s best efforts to achieve price parity by raising their UK prices by 7% in September. Essentially, this is occurring mostly because of the huge drop in value of the British Pound. In practice, this has meant that there is an average 17.875% difference in price compared to the U.S without the VAT rebates.
With the new proposed changes in VAT (Value-Added Tax) legislation, this difference could grow up to 32%. Documents published alongside the Chancellor of the Exchequer, Kwasi Kwarteng’s mini-budget, the UK is planning to reintroduce VAT-free shopping for international tourists. If this happens, you could be looking at an average discount of 31.25% across eight models.
The best deals you can get are for an Air-King ref. 126900 with a price difference of $2,537 USD, and the DateJust ref. 126300 has a price difference of $2,814 USD. Considering the Aussie dollarydoo is stronger than the UK’s right now, it’s the perfect time for a holiday, and maybe a Rolex to commemorate the occasion?
For more, check out the new Marstimer from Omega.
Timex’s new ReWound program will recycle any brand of watch with no restrictions or stipulations.
Audemars Piguet introduced two exquisite 38mm watches in 18k pink gold.
Andretti Formula Racing LLC has been accepted by the FIA to potentially join the grid, beating out several applicants during Phase 2 of the application process.
With the introduction of the Vanguard Beach collection, Franck Muller has taken vibrant aesthetics to a whole new level.
The Prospex 1965 Divers Modern Reinterpretation lineup has just expanded, and this time, it’s taking us on a captivating journey through the icy depths of American cold-water diving locations.
Both F1 drivers have helped develop the Aston Martin Valhalla’s handling traits.