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jack_king20

Rolex Raffle

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Hello everyone, 

Before I get started this is just to test the water to see if the forum is interested. I have spoken to Roy and he has asked the powers at be and I am allowed to post this but must make it very clear that the forum and Roy are not in any way involved in this. 

So here we go, I am running a raffle for a brand new Rolex Datejust 41mm with white gold bezel, this is bought from an authorised dealer and comes with all box and paperwork. The current value on this watch is £7200. https://imgur.com/a/kLSuSJf

The reason I am doing this is I need to raise money for a charitable cause which on approval of the future post I will go into more detail of, all tickets will be sold through my website which uses Stripe and Paypal which as buyers gives you mass protection. Also with it being done through a LTD company I am not hiding from anything as my full name and office address are public knowledge. 

The next point is ticket price would people prefer a £35 or £50, with a number of tickets of 180 or 260. I would also try and arrange with any moderator of the forum for them to be present for the draw and I am more than happy to travel to them to do so.

If you would be interested please comment so I know if its worth while putting in the forum or not,

 

Thank you all!

 

Jack

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14 minutes ago, jack_king20 said:

If you would be interested please comment so I know if its worth while putting in the forum or not,

I would be most interested to know if you have the site hosts approval for what appears to be your first post.

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@jack_king20 Having a moderator present at the draw might add some comfort but I doubt if you would sell enough tickets through the forum to make this viable/ From your options I guess most people would opt for the lowest ticket price and lowest number of entries by 180 tickets at £35 would not cover the cost of the watch.

If you could get agreement from Rolex to make a GMT Master ll then your chances of selling enough tickets would probably increase substantially as it is about the same rrp but more desirable to many watch enthusiasts as there is a waiting list for them.

Good luck with this but if you have not purchased the watch then I would wait for more comments before taking the plunge.

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@richy176 if it was the lower price it would be 260 tickets roughly, 

I personally have a 2016 Rolex Submariner Date in black, which I could put up instead as they are both in my collection. 

But yes I have purchased the watch as I wouldnt try and sell tickets for something I did not have in hand. But if the raffle does not work out ill just keep it for myself.

 

 

 

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I am a sucker for long odds and would probably take a punt at either price point, but I tend to agree that it may be difficult to sell enough tickets without casting a somewhat wider net. It may be easier, through established platforms, to sell 9 or 10,000 tickets at £1.

WhenI have run charitable raffles in the past I have always found that plenty of companies are willing to chip in with lower tier prizes in return for a little free advertising. Psychologically it really just helps gamblers to justify to themselves the risk they're taking for hope of the top prize. A one-prize raffle with a £50 buy-in is going to appeal to relatively few.

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16 hours ago, jack_king20 said:

If you would be interested please comment so I know if its worth while putting in the forum or not,

It's fairly common knowledge around here that I enter a lot of competitions and prize draws, so I'll add my 2p worth to this subject.  The ticket price, even at £35, is simply too high IMHO.  To put it in perspective, I've entered another prize draw that runs until the end of the year, ticket price £25, and the prize is...... a £3,000,000 house.  And the runner up prize is.... An Aston Martin DB11.  There is another prize draw running that I will probably enter with a prize bundle including a mansion, Rolls Royce, and £50k cash, and the ticket price is a tenner :swoon:

Personally, for a £50 ticket I'd want the prize to be life changing, and I'm sorry to say a Rolex wouldn't do that for me, it's just a watch.  This is only my personal opinion, and not one that is likely to be shared by many members on here I'd guess.  I can live with that, obviously :laughing2dw:

Good on you for raising money for charity though, and good luck with your raffle if it goes ahead :thumbsup:

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15 hours ago, jack_king20 said:

But yes I have purchased the watch as I wouldnt try and sell tickets for something I did not have in hand.

Thought you might have planned to buy the watch as the Datejust seems available. One of our members won a Deepsea and then was told there is a two year wait for it!

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So does the charity get all of the money raised, or just the left over once the retail value of the watch plus your own "expenses" have been deducted? :rolleyes:

Call me a cynic, but it wouldn't be the first time this has been done to get the initial outlay back rather than take a hit on the second hand market.

Edited by hughlle
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20 hours ago, jack_king20 said:

If you would be interested please comment so I know if its worth while putting in the forum or not,

If you go ahead then it would be worth putting on this forum (plus others). No idea if there are any legal formalities to comply with but no doubt you will check that.

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3 hours ago, Davey P said:

It's fairly common knowledge around here that I enter a lot of competitions and prize draws, so I'll add my 2p worth to this subject.  The ticket price, even at £35, is simply too high IMHO.  To put it in perspective, I've entered another prize draw that runs until the end of the year, ticket price £25, and the prize is...... a £3,000,000 house.  And the runner up prize is.... An Aston Martin DB11.  There is another prize draw running that I will probably enter with a prize bundle including a mansion, Rolls Royce, and £50k cash, and the ticket price is a tenner :swoon:

Personally, for a £50 ticket I'd want the prize to be life changing, and I'm sorry to say a Rolex wouldn't do that for me, it's just a watch.  This is only my personal opinion, and not one that is likely to be shared by many members on here I'd guess.  I can live with that, obviously :laughing2dw:

Good on you for raising money for charity though, and good luck with your raffle if it goes ahead :thumbsup:

Yup I agree with the big man. The prize is simply not good enough for the ticket price.  For me personally anyway.  

Pat on the back though for to raise money for a good cause

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Good luck with the fundraising, but for me the ticket price is way too high even for someone with a known Forum trading history.

Roger

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Brand new user on the forum with no history or credibility: check. 

Proposed charity raffle, and charity not named yet: check. 

Prize is a pre-owned watch with all B&P (no mention that hang tags or stickers are left on): check. 

Yeah, nothing suspicious there (sarcasm: check). 

 

The NCMA here in the US has held succssful fundraising raffles of Porsche 911s, ticket price $100, only 2500 sold. The raffles have been successful, and the last car (a convertible ordered in colors the museum uses for its branding) was beautiful. So it’s not unheard of. 

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19 minutes ago, Chromejob said:

Brand new user on the forum with no history or credibility: check. 

Proposed charity raffle, and charity not named yet: check. 

Prize is a pre-owned watch with all B&P (no mention that hang tags or stickers are left on): check. 

Yeah, nothing suspicious there (sarcasm: check). 

 

Maybe being a bit harsh here.

Yes it is a new member but one that took the trouble to contact @Roy for permission before posting - that is a plus for me.

The charity was not named in the OP but he did say that more information would be supplied if the raffle goes ahead - the post was to see if there might be enough interest.

The prize does now appear to be a used model so maybe the rrp of £7200 is not representative of the current value - would expect full disclosure if it goes ahead.

Hugh made a valid point regarding what amount, if any, would be used to cover the `value' of the watch rather than going to charity.

No harm is being a bit suspicious and seeking more information but we could give the guy a chance to tell more.

 

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@Chromejob

Brand new user that spoke to admin and went through the correct channels to post this. Also who is selling tickets through platforms that offer mass security to buyers through a LTD company that has my name and house address through a simple google. 

Charity will be a Gofundme that will be active and users will see when it goes in for a bone cancer operation that is not payed for by the NHS and costs around 70k. I said that i would not go into the charity side of it as I wanted to test the waters to see if people would be interested. I am not earning anything not even for my time. The money that was spent on the watch will be donated as well as everything earned.

If you knew Rolex dealers at all then you would know that they are not allowed to leave the stickers on once a watch is sold now as they face the potential to loose Rolex authorised dealership, the hang tags are attached I can show photos, and pre owned I would use loosely as the person who won it will have there name on the warranty card but whatever you want to throw at me.

You have also made an incorrect statement as NCMA tickets are $100 however they sell 4000 tickets not 2500.

Overall I get the suspicion you have of me, however I feel like you trying to hang me out to dry is unjustified, I went through all the correct channels and I am hiding none of my personal information. 

@Davey P 

Hi,

I respect you saying that however I guess you are referencing the house in hampshire? I really get what you are saying but that raffle is selling 250,000 tickets at £25 each, Ok if you win thats fantastic but the odds of 250000/1 are a unjust comparison to 180/1. And in that raffle a corporation is making 3 million pound. 

I get what you mean that you want £50 to be life changing, but for small odds I think to some people it would be worth it. Especially to anyone who has always wanted a Rolex.

I hope this doesn't come across as rude, I am just trying to shine light on my point, and you are obviously a valued member here. And thank you for your kind words at the end!

 

All the best

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@hughlle 

Hi, All the money will go to charity, the watch has also been bought specifically to raffle and I can correspond the date I first asked admin to my receipt if proof is needed that I am not just trying to loose outlay on second hand market. 

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Oh, quite right it probably was 4000 tickets instead of 2500, I just went off my fallible memory. I was making a point that 35 or even 50 quid wasn’t unreasonable if the number of raffle entries was fixed and limited, and the ratio of the entry price to the prize value was still reasonable. 

Bravo for going through the forum owner to ask before posting. Some don’t even bother. But we’ve seen these kinds of posts before. It’s a well worn path you’re treading. You can’t change that, just deal with it. Gracefully, if you can. 

It wasn’t clear to me that the watch was not pre-owned, but would be purchased from the dealer for the winner. Got it. Well done. 

 

But still. You are a brand new user, you’ve hardly introduced yourself to the forum population, and you asked for opinions. You got mine. Don’t like my opinion? Tough cookies. You can make protestations that you have a secure web site (so do I), will use Paypal (so would if I ran an ecommerce site), and that your reputation is assured, but that doesn’t mean that any and all suspicions are settled for every person. This is the real world, and everyone has their own personal tipping points for trust. 

If you’re going to be sensitive and take umbrage at a few forum users who take a casual swipe at your endeavor, I wonder if you have a thick enough skin to see this through. Best of luck with your plans. 

 

If you think I’m being harsh, wait until @BondandBigM chimes in. 

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48 minutes ago, jack_king20 said:

I hope this doesn't come across as rude, I am just trying to shine light on my point, and you are obviously a valued member here. And thank you for your kind words at the end!

You don't come across as rude at all mate, so no need to worry about that :thumbsup:

Note: If you think calling me a "valued member" will have any influence on whether I enter your  prize draw or not, you... er.... might be right, flattery will get you a long way on here :laughing2dw:

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@Chromejob 

I get everything you are saying and that my initial post was not 100% clear.

It wasn't your opinion, more the demeaning way in which it was written. Ok I am a new member, But I did go through the correct channels to make the post as a new member. Said I would do my best to get a moderator to be present for the draw. My address also being another massive factor why would a con man give out his address. Let alone the negative impact on my company. 

Trust me I have thick enough skin, Please do not take my reply as a shot at your opinion I was merely sticking up for myself. What you had written in the way it was written could completely disrupt any little chance I had of anything happening through this forum.

And I look forward to them chiming in, I have nothing to hide and this was just a genuine attempt to earn money for a good cause.

 

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If you haven't taken at look at TZ-UK.com, they have a larger population of Rolex fans, and have had one or two raffles there. Maybe they'll be less snarky than I. :rolleyes: 

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36 minutes ago, Chromejob said:

If you haven't taken at look at TZ-UK.com, they have a larger population of Rolex fans, and have had one or two raffles there. Maybe they'll be less snarky than I. :rolleyes: 

Possible, although they were generally from establshed members. As you will have probably seen, they're not the most trusting of folk, seems every member who joins is considered a nuisance just trying to get access to SC :D Heaven forbid a new member replies stating they like someones watch :laughing2dw:

Edited by hughlle
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