So much for the Reserve pieces not being discounted!

[Time Bandit]

I understand what a lot of you are saying. Regardless to what Lalo said and even Jim said, which he's just repeating what the CEO and his budy was saying, the were insistent that the Reserve pieces would not be discounted.

Now to be completely honest, I always thought that they wouldn't hold to that with all the reserve models. At some point they'd have inventory to move and they'd drop the prices, but I didn't expect them to come out with a dozen variations of the reserve speedway in such short order and then drop the price on the Quartz versions from 500 to 300. Once they came out with the reserve speedy autos it was inevitable.

It's not that Lalo might have lied. It's not that that they've dropped the price on some of the reserve pieces. It's by how much they've dropped it and on all the reserve speedy quartz models that is desturbing. Once or if they sell all their inventory on this offering it is possible that there will be more in the hands of the consumers at the 300 or less price than the ones who bought them for around 500.

Now I didn't buy mine as an investment or to resell. I bought it because I liked it, but...and here's the entire issue for me...I was willing to pay that price because I thought I was getting an exclusive piece that would sell for a lot more from other brands if they offered one of similar function and quality. Well maybe that's the case to some degree, but once they dropped it to 300, it's like, oh, I overpayed by how much?!?! My perception went from great watch, great value to overpriced.

Now it's my own fault for believe Lalo. It's my own fault for having this initial perception. I've gone from looking at my reserve speedy on my wrist and simply smiling everytime I put it on to now feeling not so warm and fuzzy. Before if someone asked me about it, I'd talk the piece up. How can I do that now? I guess if I still believe that no other watch company could produce such a piece at that price, which to some extent might be true, I could still feel some sense of value and pride. The more accurate statement might be that few watch companies could do that.

The market is full of companies that either produce less interesting and cheaper watches or some that produce higher quality but charge a much, much higher price. There are a few in Invicta's level of quality/price, though I'm sure their QC and CS are much better.

Invicta has some of the most inovative designs. They offer many more different designs than most out there. I often praise them on the materials and engineering that goes into their watches. It's some of their buisiness practices, the poor QC in products that go out their doors brand new or repared with flaws both cosmetic and mechanical.

I've yet to jump ship on them, but between this price drop and the continued problems I'm having with my LE Swiss Made Prod Diver, I'm getting awfully close.

[timebender]

I understand what a lot of you are saying. Regardless to what Lalo said and even Jim said, which he's just repeating what the CEO and his budy was saying, the were insistent that the Reserve pieces would not be discounted.

Now to be completely honest, I always thought that they wouldn't hold to that with all the reserve models. At some point they'd have inventory to move and they'd drop the prices, but I didn't expect them to come out with a dozen variations of the reserve speedway in such short order and then drop the price on the Quartz versions from 500 to 300. Once they came out with the reserve speedy autos it was inevitable.

It's not that Lalo might have lied. It's not that that they've dropped the price on some of the reserve pieces. It's by how much they've dropped it and on all the reserve speedy quartz models that is disturbing. Once or if they sell all their inventory on this offering it is possible that there will be more in the hands of the consumers at the 300 or less price than the ones who bought them for around 500.

Now I didn't buy mine as an investment or to resell. I bought it because I liked it, but...and here's the entire issue for me...I was willing to pay that price because I thought I was getting an exclusive piece that would sell for a lot more from other brands if they offered one of similar function and quality. Well maybe that's the case to some degree, but once they dropped it to 300, it's like, oh, I overpayed by how much?!?! My perception went from great watch, great value to overpriced.

Now it's my own fault for believe Lalo. It's my own fault for having this initial perception. I've gone from looking at my reserve speedy on my wrist and simply smiling everytime I put it on to now feeling not so warm and fuzzy. Before if someone asked me about it, I'd talk the piece up. How can I do that now? I guess if I still believe that no other watch company could produce such a piece at that price, which to some extent might be true, I could still feel some sense of value and pride. The more accurate statement might be that few watch companies could do that.

The market is full of companies that either produce less interesting and cheaper watches or some that produce higher quality but charge a much, much higher price. There are a few in Invicta's level of quality/price, though I'm sure their QC and CS are much better.

Invicta has some of the most inovative designs. They offer many more different designs than most out there. I often praise them on the materials and engineering that goes into their watches. It's some of their buisiness practices, the poor QC in products that go out their doors brand new or repared with flaws both cosmetic and mechanical.

I've yet to jump ship on them, but between this price drop and the continued problems I'm having with my LE Swiss Made Prod Diver, I'm getting awfully close.

I for one do not think your feelings are unfounded and you have every right to them as you put faith and confidence in what was stated by the company via the Owner and CEO. The fact is, as you have stated so accurately, Invicta did exactly what Lalo said they would not do. I think my signature line says it best to those that would defend Lalo's less than truthfulness.

I still believe Invicta in fact make some very fine watches at a very good price. But, the sales tactics are a step below a carnival busker! And of course the CS and QC is pretty much does not exist. Will I buy more Invicta's? Most likely I will. But it will not be based on anything Lalo or anyone else promisses about the product. It would be only because I like the way it looks and the price tag attached. In short, I would just again take the chance it will get here in working order and stay that way for a while.

[boscoe]

An old joke:

Q. How can you tell when a salesman is lying?
A. His lips are moving.

[MacDaddy]

I posted some of this in the other thread.

Invicta is lowering the selling price dramatically on some of their reserve pieces. I along with many other consumers were under the impression that they were not going to drop the selling price on the reserve pieces or at least not by much. My Reserve Speedway dropped from about $500 to now $300 seriously devaluing my piece.

Now for those who want a real nice reserve piece at a much better price, now is a pretty good time since they are lowering the price dramatically on some of the early designs. I guess they do what they gotta do to get rid of the old inventory. But that means buyer beware if you think your reserve piece is going to hold its value, because the reserve quartz version of the speedy just lost over a 3rd of its value.

Now I don't purchase my pieces as an investment. I buy 'em to wear and enjoy, but it s*cks to know that I could have had the same piece a year or two later at a much cheaper price. What was once an X dollar watch is now a Y dollar watch. I'm not one who flaunts the price, but for some strange reason I look at my wrist and think, "Baby, you just ain't as valuable as you once were!" I guess I'm half-kidding on that one.

IMO, Invicta has tainted the elite image they were trying to give their reserve line by these price reductions. Whenever anyone buys a reserve piece they should have in the back of their mind that it's value might drop like lead!!!

In my opinion, what everyone here has lost sight on is that Invicta is a discount priced watch company that has managed to inflate prices on watches to maximize profit. I'm sorry. It's been said for the past 3 or 4 years around here, but many of us have said we wouldn't pay more than $300-$500 for an Invicta. They've managed to convince everyone and hike prices sky high. It doesn't matter to them if it's a Reserve line or not, the key is to sell inventory. That's all. Period. Historically it's been the same. Buy a watch for $300 and in a couple of months it'll be $199. This isn't something new, it's been happening for years.

Sorry Time Bandit, but they're out to sell watches. They'll say exactly what they need to in order to sell watches. In my opinion, they don't care about an "elite" image, they care about being able to sell watches for more and more money. If they cared about an "elite" image, they would stop making junk and concentrate on the better made watches that we all know and love. Churning out 80 different models a month will not make a good product.

With the right "line of C_ap" however, it will sell a lot of watches.

That's why I won't spend more than $300 on an Invicta. It's not worth it.

Unless it's a 9937 or an original Russian Diver Mechanical version.

[amwilliams9]

Invicta is a business, a watch company. I think Eyal should not have stated that Reserve Pieces will never be discounted. However I don't believe that this should detract from the quality of these pieces. In truth there are quite a few Invicta timepieces that are "must haves" for Invicta collectors. I am not referring to just watch collectors. This really means that if you collect Invicta watches you may or may not want these pieces. Some collect Rolex, some Hamilton, some Omega, etc. so on and so forth. Is every Rolex a home run? I don't think so (Sea King) some would argue that Rolex missed on this model. Not bashing just my interpretation. In reality most 99% of watches made will never be worth the original price tag. This is regardless of the maker for the most part. 99% of all watches actually lose their MSRP if not sold in a reasonable time regardless of maker. Just go to a multitude of web sites and do a lil' research. Tag Heuer, Movado, Hamilton, some Omega's, and many more. The only difference is there is no spokesperson/CEO who will have each and every word dissected, parsed, and replayed to find any and everything to be called on. I remember a time when many complained that there was not enough information given regarding watches. But to be honest it is LIVE TV. Once something is said you can't take it back. A show that contains Swiss Made watches, Swiss Movement watches that come out one right after the other can become confusing leading to misspeak. But instead of realizing this it seems that some will not miss a chance to say he called a Swiss Movement watch a Swiss made watch. It is ridiculous. Even when there is a correction there are still those who insist on pushing the issue. But that's human nature it's what we are. We are destined to repeat the same mistakes over and over again until we get it right. Only then can we move to the next lesson.

[Hollow Man]

I think that people should take a serious look at what they're buying. After all, we're talking about a company that has no problem selling their wares on a home shopping channel. This vehicle for sales doesn't exactly have the seal of quality stamped on it for most people.

Hey, I own a couple of these things myself, but like others have said, I won't spend upwards of $300 on Invicta unless it's a really nice looking Swiss movement. Once you get into the higher price range, it seems best to go with a company that ISN'T selling stuff "As Seen On TV'.

-HM

[Datsun240Z71]

Hey AM, when you can find some Rolex or Hamilton (or those other brands of which "99% will never be worth the original price tag") are selling for better than 50% off MSRP like Invictas, or better yet, at 80% off, let me know.

And if I recall, the CEOs of those other companies don't go on TV and repeatedly misspeak or say things that are not true, so their words cannot be "dissected, parsed, and replayed to find any and everything to be called on". In other words, they don't go on TV and lie without apology after the fact or any remorse whatsoever.

The only mistake here is people repeatedly defending the indefensible and attempting to rationalize that lying or going back on your word is okay to do under certain circumstances. PLEASE!

And what does this even mean?
Even when there is a correction there are still those who insist on pushing the issue. But that's human nature it's what we are. We are destined to repeat the same mistakes over and over again until we get it right. Only then can we move to the next lesson.

I've learned my lesson... and that is not to support companies that I cannot believe in as far as the way their products are sold and marketed, especially when the CEO of the company is so unworthy of our trust... regardless of how attractive his wares are.

[boscoe]

MacDaddy, my Invicta Reserve is a very solid watch. At $550, which is a price being offered by one of our sponsors, it's a down-right stone-cold bargain.
I think my Swiss Made 2014 (which is a couple years old) was also a very solid offering.

[amwilliams9]

Hey AM, when you can find some Rolex or Hamilton (or those other brands of which "99% will never be worth the original price tag") are selling for better than 50% off MSRP like Invictas, or better yet, at 80% off, let me know.

And if I recall, the CEOs of those other companies don't go on TV and repeatedly misspeak or say things that are not true, so their words cannot be "dissected, parsed, and replayed to find any and everything to be called on". In other words, they don't go on TV and lie without apology after the fact or any remorse whatsoever.

The only mistake here is people repeatedly defending the indefensible and attempting to rationalize that lying or going back on your word is okay to do under certain circumstances. PLEASE!

And what does this even mean?

Even when there is a correction there are still those who insist on pushing the issue. But that's human nature it's what we are. We are destined to repeat the same mistakes over and over again until we get it right. Only then can we move to the next lesson.

I've learned my lesson... and that is not to support companies that I cannot believe in as far as the way their products are sold and marketed, especially when the CEO of the company is so unworthy of our trust... regardless of how attractive his wares are.

My point is that in fact 99% of watches produced will never be worth the original price. I am not saying that there will not be those hold value. In the lager picture most will not. You assume that I am defending Invicta's position I am not. I'm just pointing out that it is tough to do LIVE TV.

Even when there is a correction there are still those who insist on pushing the issue. But that's human nature it's what we are. We are destined to repeat the same mistakes over and over again until we get it right. Only then can we move to the next lesson.

Invicta is a relatively young company. I believe that perhaps Eyal will learn and get better. Or he may not. I am just posting my view. I am not gonna however back down from MY OPINION. So many times I allow some of you to get under my skin and get to the point of for civility sake to drop my opinion. But if you can make your assertions then I can as well. But I have always tried to make my point with out being a Butt-head, or being antagonistic.

[Datsun240Z71]

So, like, uh, it's okay to , uh, like, lie, uh, over and over, uh, like, till you get it right, and, uh, then you don't do, uh, it anymore? and, like, uh, what did I do to, uh, get into this thread?


Sorry, couldn't resist, but in any case.... whatever! To each his own.