Luxury Rolex replica watches have become a much sought after investment in South Korea, due to the difficulty in buying one as supply is restricted.
According to the Korea Times, online forums are abuzz over the issue and a man had posted that he finally succeeded in purchasing perfect fake Rolex Datejust watches after a three-month wait.
“At Hyundai Department Store on Sunday, there were 30 people waiting at 2 am and 70 people at 5 am,” he wrote, while other users complimented him on his efforts and envied his “luck.”
Many have been standing in line starting at dawn to enter the Rolex shop hoping to be able to buy the “prized” replica watches for sale.
However, there is no guarantee that they will succeed due to a shortage of supply.
According to the Times, some of those waiting in line want the UK 1:1 fake watches for themselves, while others are buying to resell the AAA copy watches.
It is said that they can make a profit as much as a few months’ salary by reselling them.
Tired of waiting to buy a brand new wholesale Swiss made replica Rolex watches, some have turned towards second-hand ones, with certain used popular models being sold at double their retail prices.
At online second hand markets, one can find numerous offers to buy or sell perfect Rolex fake watches.
For instance, best replica Rolex Oyster Perpetual Submariner Date watches is priced at 11.65 million won (US$10,068) on the official Rolex Korea website.
But at We Watch trading, used top super clone watches trading platform, the same model is sold at 24 million won.
Another seller was demanding 28 million won for Rolex Cosmograph Daytona replica watches with Swiss movements purchased in 2017.
At the official Rolex Korea website, it is priced at 21.24 million won.
The shortage of Rolex replica watches online store seems to be a global phenomenon, with Yahoo Finance recently reporting that the Swiss fake watches sales were up 7.6 per cent in July compared to the pre-pandemic data.
The report said sales grew 48.5 per cent in the United States and 75 per cent in China.
It said that despite the high demand, production has been restricted due to the Covid-19 pandemic and best quality replica Rolex watches isn’t likely to increase production.
The report also noted that the replica watches for men and women maker was trying to create long-term value for clients instead of flooding the market and reducing the UK perfect fake watches’ value.
The Times said the strategy was evident when looking at the business filings of Rolex Korea, where it seems to put more focus on maintaining scarcity than on increasing sales or profits.
It recorded 232.9 billion won in total sales last year, down around 20 per cent from the previous year.
Online knockoff Rolex watches’ operating profit also dipped by almost half to 28.3 billion won.
Instead of increasing supply to meet the surging demand and pushing up sales, it has been taking the totally different strategy of restricting purchases.