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My Watch Journey
United States
เข้าร่วมเมื่อ 3 ก.พ. 2023
Join me in talking about this crazy hobby called Watch Collecting! I hope to create a positive and supportive community around this channel. Come on, admit it, you're friends are tired of hearing about your watches. Come back here and chat!
Watch Dealers HATE This Video! The SHOCKING Truth About Grey Market Margins
EXPOSED: The Truth About Grey Market Watch Dealer Margins
Ever wondered what watch dealers are really making on your luxury timepiece? In this explosive deep-dive analysis, we unveil the true profit margins in the grey market watch industry, backed by real data from Watch Charts.
What we discovered will surprise you - from incredibly modest premiums on certain IWC models to jaw-dropping markups on some Patek Philippe pieces. We examine dealer margins across 8 prestigious brands including:
• Rolex
• Patek Philippe
• Audemars Piguet
• Vacheron Constantin
• Tudor
• Omega
• Cartier
• IWC
Find out which watches are actually selling below retail, which ones command shocking premiums, and where the real value lies in today's market. We break down actual sales data, current market prices, and dealer premiums to give you the complete picture.
No sponsorships. No hidden agendas. Just raw market analysis that some dealers might not want you to see.
Watch until the end for some surprising revelations about the current state of the luxury watch market.
Ever wondered what watch dealers are really making on your luxury timepiece? In this explosive deep-dive analysis, we unveil the true profit margins in the grey market watch industry, backed by real data from Watch Charts.
What we discovered will surprise you - from incredibly modest premiums on certain IWC models to jaw-dropping markups on some Patek Philippe pieces. We examine dealer margins across 8 prestigious brands including:
• Rolex
• Patek Philippe
• Audemars Piguet
• Vacheron Constantin
• Tudor
• Omega
• Cartier
• IWC
Find out which watches are actually selling below retail, which ones command shocking premiums, and where the real value lies in today's market. We break down actual sales data, current market prices, and dealer premiums to give you the complete picture.
No sponsorships. No hidden agendas. Just raw market analysis that some dealers might not want you to see.
Watch until the end for some surprising revelations about the current state of the luxury watch market.
มุมมอง: 3 730
วีดีโอ
74 Speedmasters Analyzed: The Brutal Truth Behind Omega's Price Crash!
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Omega Speedmaster Market Update: Shocking Trends Revealed! The watch world is buzzing with the release of Omega's new 'First Omega in Space' model. But what does this mean for the Speedmaster market as a whole? In this video, we dive deep into the current state of Speedmaster prices, analyzing data from a staggering 74 different references! Prepare to be amazed as we uncover: • The unexpected m...
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Patek Philippe Market Update: The Shocking Downturn No One Expected! Welcome back, watch enthusiasts! Today, we're diving into a jaw-dropping revelation involving Patek Philippe-a brand many believed to be invincible in the luxury watch world. But the latest market data tells a different story, one that may shake up everything we thought we knew about high horology. Could Patek Philippe, the ki...
Seiko Presage: 11 Top Value Picks that Look Expensive but are Super Affordable (2024 Market Update)
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Seiko Presage Revealed: Groundbreaking Analysis of 150 Models Prepare for an unprecedented deep dive into the Seiko Presage line. We've meticulously analyzed 150 Presage models to uncover the true gems of affordable luxury. This isn't just another watch review - it's a comprehensive, data-driven exploration that's about to shake up everything you thought you knew about these timepieces. As an i...
Ultimate Rolex Submariner Guide 2024 | Market Update, Buying Tips & Insider Secrets!
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Ultimate Rolex Submariner Guide 2024 0:00 - Introduction 1:12 - Sizing Chart 3:00 - Service Cost and Duration 4:21 - Reference Number Decoding 6:21 - Market Places and Sell Rates 7:19 - Rolex Material Premiums 8:03 - Modern vs Vintage Subs Timeline 8:29 - Modern Sub Chrono24 Listings 9:40 - Vintage Sub Chrono24 Listings 10:34 - Affordable Modern Subs 11:58 - Neo Vintage Affordable Subs 13:15 - ...
Tudor Black Bay: 2024 Market Update & Buying Guide
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Prepare to have your mind blown by the seismic shifts in the Tudor Black Bay market! What we've uncovered about 2024 prices will leave you stunned. Ever dreamed of owning a Black Bay 58 or GMT? Hold onto your hats - we're about to reveal why this might be the golden hour for Tudor enthusiasts. Imagine snagging a luxury timepiece at a fraction of its retail price. Too good to be true? Think agai...
Vacheron Constantin: The Unexpected Buyer's Market You Can't Ignore
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"Is Vacheron Constantin Still a 'Holy Trinity' Brand? The Shocking Market Shift A stunning revelation in the luxury watch world has left collectors and experts reeling. Vacheron Constantin, long considered part of watchmaking's revered 'Holy Trinity,' is facing an unprecedented challenge to its status. This video dives deep into a market shift that's shaking the foundations of haute horlogerie....
Hodinkee's Fire Sale Secrets: What I Discovered Will Surprise You!
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Unveiling Hodinkee's 'Back To Basics' Sale: Hidden Treasures & Market Insights Watch enthusiasts, get ready for an eye-opening journey through Hodinkee's latest sale! Our in-depth analysis reveals surprising trends and valuable insights that could reshape your collecting strategy. Discover: • Unexpected discounts on prestigious brands - which ones are stealing the show? • The real impact of box...
Rolex GMT: The Shocking Truth Behind Luxury Watch Prices | Market Analysis 2024
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Dive into the world of luxury timepieces with our latest in-depth analysis of the Rolex GMT market. In this eye-opening video, we uncover surprising trends that are shaking up the watch collecting community. Highlights: Exclusive look at the Rolex GMT-Master Market Index Revealing price trends that will make you question everything Top 3 biggest discounts on GMT models (you won't believe #1!) 3...
How I Found a Rolex Daytona Below Retail! | Insider Secrets Exposed!
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Rolex Daytona: Hidden Bargains Revealed! Think owning a Rolex Daytona is out of reach? Think again! In this eye-opening video, we uncover surprising trends in the Daytona market that every watch enthusiast needs to know. From unexpected price drops to hidden gems in different materials, we're exposing opportunities you won't want to miss. Discover: The shocking truth about current Daytona price...
The Rolex Alternative Myth BUSTED: See Which Brand Really Competes!
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"The Great Rolex Alternative Debate: Settled by Science? For years, watch enthusiasts have argued about the best Rolex alternatives. But what if we told you we've found a way to settle this debate once and for all? Using hard data and economic principles, we've analyzed five luxury watch brands often compared to Rolex. The results? They might surprise you. In this video, we dive deep into marke...
Exposed: The Shocking Reason Grand Seiko Can't Beat Rolex
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"The Luxury Watch Paradox: Craftsmanship vs Market Performance" Dive into the perplexing world of luxury timepieces as we unravel a market mystery that's baffling watch enthusiasts. Why does a brand renowned for its exquisite artisanal techniques and meticulous attention to detail struggle in the secondary market, while a mass-produced competitor dominates? This video explores the unexpected dy...
Rolex Secret Plan: How Their New Factories Could Crush the Grey Market!
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Rolex Market Crash: What’s Happening with Precious Metals?
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Seiko's Market Mayhem: The Jaw-Dropping Result of Their Price Increases!
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In this intriguing video, we're exploring the perplexing world of Seiko watches to uncover the surprising truth behind the brand's recent price changes. We've discovered some fascinating insights about the reasons behind Seiko's shifting prices and the significant impact it's having on collectors and the watch market as a whole. We'll investigate the factors that could be influencing Seiko's pr...
Grey Market Meltdown: How to Exploit the Crash and Build Your Dream Watch Collection!
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Rolex is a Fashion Brand: Economist Analysis
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The Shocking Reason Why Rolex Doesn't Care About You
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Omega's Tragic Mistake: The Marketing Missteps that Changed Everything
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The Secret Behind the Snoopy MoonSwatch: A Behavioral Economics Breakdown
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Economist Roasts Rolex Watch Dealer 'Market Analysis' - LOL Edition!
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Exposed: The High-Stakes Lies of Grey Market Watch Dealers!
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Rolex $100 Million Fine Update: New Evidence Shows It's Worse Than We Thought!
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Rolex Hit with Massive $100 Million Fine: The End of Their Business Model?
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Shocking Rolex Price Drop in 2024? - Economist Reveals What's Next!
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Watch are the ultimate Men's accesories!Enjoyed watching your collection. Keep going!As a watch enthusiast and watch reviewer, I can say AMZWATCH this was a great choice. Enjoyed your video!
I'm genuinely impressed with how close MAMACOO were able to replicate every aspect of this very very goofy looking classic watch.
I love Omega. I have a few. Only because of the discounts you can get for a brand-new watch or you if you second hand you can get an even better discount.
Watch enthusiasts such as myself need to not buy anything that’s over retail. Otherwise this crap will just continue. I also track watches on gray market and see lots of watches sitting so I’m not really sure how many of these watches are actually selling.
I'd be interested in knowing the disparity between the market and the used dealers on VC's 222 reissue.
Sorry. What is the market price?
Think of it as all transactions outside the official retail chains.
1. Gray market is when Manufacturers dump watches to resellers who aren't ADs. It's not used watch dealers. B. "Market Price" is person to person. NOT wholesale. No way are dealers paying "market" III. Wholesale is usually 20-50% of "retail".
all brands are in decline because of their arrogance, they started to think they are some kind of gods, they even blacklisted flippers. It is all finished and it is never coming back again, this is buyer's market, where buyer's will dictate the price. The biggest losers in this are Rolex, ap and patek, but also FP journe and RM, and the biggest winners will probably be Omega, Vacheron and JLC, maybe even Breguet. Things are going to drastically change over the nexts 3 years.
I do think the brands got ahead of themselves from the pandemic price surge. They lost their heads. We all heard the comments from PP CEO. And once the Rolex new manufacturing comes through, the watch industry will change again.
@ they can never fix how they treated consumers…. Watch buyers are not women, I don’t want this comment to come out wrongly, but unfortunately women can be easily manipulated (eg Birkin bags), watch buyers are mostly men, they are tired of BS from PP, AP and Rolex. These brands, mark my words, are doomed. The world has changed, and the damaged they have done cannot be undone
nice, thanks, always happy to hear objective analysis
God!!! MAMACOO Who would have thought those gorgeous watches go for that low!!!
Most people buy from a dealer because they have a higher degree of assurance that they are getting what they paid for. Check out many YT videos about original watches with fake parts, undisclosed problems, etc. and the Rolex super clones. The other thing is that any type of used watch dealer has a substantial margin, that is, there is a large spread between buy and sell. It always amuses me when someone buys a watch, the price goes up, then they think they made money. It has to go up a lot before you make a penny. Just try to sell the watch back to the dealer for a rude awakening.
Yeah, for some models and brands, it makes sense to buy from a dealer. Especially Rolex and vintage Seiko.
Good topic. Poor execution. No consideration for any dealer to stay in business. You did not address grey, AD opperating expenses. All of the platforms also take c. 10% of a sales price. Overall I’m gathering that you are promoting all sellers should be selling at a lower price directly translating to a net profit loss. I agree if I could buy a $75,000 timepiece for $20,000 this would be a great idea for me/buyer , leaving a wake of burnt bridges with any type of dealer close up their store so you/consumers can get a deal. T)
It's up to each dealer to run their business. Collectors will make their choices based on price. That's how the market works.
Major issue with that gold speed master is it is a 44mm
Yeah, it would be too long for my 6 1/2 inch wrist.
What does market price mean in the context of this video. Is this the price that the end-user pays to the buyer?
It's the market price paid by all buyers on the secondary market, which includes private sales.
However if you want to sell your watch to a gray market dealer they will never ever offer market value on your watch unless it is a really hot one. Next time I sell one of my watches it will be a private sale
Very true. They have to drastically under value your watch to make any profit in this falling market.
@ all of them do that, maybe you can talk about that in a future video
wow, so good!
Great analysis. Still a long way to go for stabilization. Hard to determine the true demand for any of the hype watches; there are still grey market firms buying and sitting on them. Unless every major country goes into deep recession those watches will never come back to MSRP.
Yeah, I didn't have time to cover this but lot's of new listings are NOT moving. Especially on eBay.
just like the housing market, pump and dump... untill you have not clients who can afford it... Container homes, aka F91ws
There are a number of listings that I suspect are dealers trying to maintain the appearance of high prices. But they are going unsold. They are hoping the listed prices will fool people.
Grey market dealers do not pay market price. They pay about 33% under market. Call any large used watch seller and see how much under market they will offer for your watch. if your watch has a market price of $3,000, they will offer you $2000 or less, then put it on their website for $3000
I really like the PP Nautilus. Heck, catch me in the right mood, I might even offer $6,000 for it.
I inherited one from 91 for 2800 $ in Switzerland:-)
If you see a deal like that, let me know!
@@mywatchjourney6579 I was purchased back in 91
FMCG typically supply supermarkets offering up a 50% margin. Whilst that sounds like a lot…most supermarkets run at 5% profit. Given the slow moving nature of these goods, with high inventory cost and working capital, and expensive retail space, id imagine retailers need similar margins from manufacturer suppliers. This gives retailers enough wiggle room to sell to flippers still at a discount, whilst flippers can move at close to retail. No embarrassing discounts in a shop with waiting lists.
I am not sure but it's called FMCG for a reason so it can't be the inventory is moving slowly , with current technology applications inventory holding reduced dramatically and delivery costs dramatically increased on their suppliers side, also most supermarkets work on credit lines with suppliers so in fact they turning suppliers credit many times before it's actually due for payment so a 5% profit shouldn't be on the table if the business is rightly managed and delivers the right value of sales.
We studied this in business school. Supermarkets are more like hotels. They don't own the inventory. They get paid by shelf fees to the manufacturers. That would be a consignment arrangement in the watch industry. But lots of grey dealers are sitting on inventory that's constantly dropping in value.
aggregate data is hard to understand sometimes. give us a real world example from start to finish and we can extrapolate other examples from that one
What? I' giving margins on specific references.
Buy the seller they say 😂
I am sorry, but your video makes no sense.
😅 What do you not undersrand?
That Video does Not make Any Sense, sorry. Still love your Videos.
To hell with the grey market
Underrated channel.
Agreed
Grey dealers do not pay market price when they acquire stock, hence their actual sales margins are higher.
This is exactly right. Try to sell your watch to a grey dealer. You can expect to receive 10-50% less than market price since “ We have to make a profit too.” It is capitalism I guess. But because of dealer chats there is a modicum of price fixing. Here dealers discuss what the “going rate” is in both buying and selling their inventory and it is almost never Watchcharts’ fair market value. Watch any video of a dealer making an offer on a watch. They are all on their phones looking up the price which artificially depresses their costs and inflates their sell price. Try buying almost any Patek stainless steel sports model, any FP Journe model, or a John Mayer Daytona. Pages of them on Chrono 24 yet prices are all elevated and similarly priced. Both expensive yet not rare. Obvious example of Kamala’s price “gauging” (sic) she will fix 😜.
Yeah you say that but where are they getting stock which is below market value. Like who in their right mind would sell a Rolex they own without doing at least a bit of research and then selling it at the going rate.
But their running costs are much higher than for a regular Joe. Handling, guarantee/repairs, transport/posting cleaning, security, insurance, store, employees and other expenses.
Very true. I'm talking about what grey dealers charge above the average market price. But their offer to a private seller has to be much lower.
My data shows that large majority of listings are not selling right now. They are hoping listing price will fool buyers.
Could you please comment about Polar Explorer-2 ref 226570? Thanks
Thank you for sharing your knowledge 👍👍👍👍👍
Upvoted.
Great video, and I agree, watches should not be investments. However,......... when precious metals are being used, I think customers can expect at least some level of value retention, but it appears that only a handful of watches, for whatever reason, truly hold their value, and an even smaller percentage will go up.
I think the Swiss brands got a bit ahead of themselves due to the pandemic surge. Both PP and Rolex pushing so hard into precious metals will hurt them in the short term.
I love my Gondolo, my only PP. I love the history of the brand. There can be numerous reasons and opinions as to why most are in price decline. It gets increasingly difficult to justify prices like these, even for those that can easily afford them. Like car prices, enough is enough. I’ve owned some magnificent watches and still do; but pricing has become unrealistic.
Yeah, it's nothing new and completely rational for used prices to fall below retail. It's actually a sign of a healthy market. Let's squeeze out the flippers and get back to appreciation for watchmaking.
No one cares what watch you wear except you. So as the man says, take your time. Buy what you like. Enjoy life.MAMACOO
Very interesting analysis. I appreciate you do your own work to form your opinions unlike most other watch channels. I would only add that I actually think it's normal to see the simpler models discounted less than the ones with expensive complications. They are easier to sell because they appeal to a broader customer base; this isn't exclusively a Vacheron problem.
Yeah, I'm not here to say that my opinions are facts. And you're right. My analysis shows that complications are overall heavily discounted in the secondary market.
wish he would've commented on 222 and Everest. Those are prob. at a premium
Anthony was juicing with all of that gyno😂
AP RO Offshores all sell below retail. So do all the code 11:59s. Patek dress watches are all selling below retail. Only the Nautilus and Aquanaut are selling above retail
Yeah, I take note of this in my latest Patek video.
Good advice at the end
I'd stick to my VC, at least I don't look like someone who blindly follows trends
Yeah, it's been established now that VC has the oldest heritage for continuous operation. It's only the hype watch market creating these conditions.
Patek isnt for poppers and normies. If normies ever do start buying new Pateks it will be a travesty. A bit like Rolex lately.
What are 'poppers'?
MAMACOO is a must for me as a watch collector
This is interesting, but luxury watch buyers are long term owners who don't care about monthly fluctuations in the secondary market...
I agree. That's the right attitude. However, if you're in the market for a new buy, then this data can help you.
@@mywatchjourney6579 Yes, agree
No one can afford those complexes watches anymore thats the problem
Most of these are out of reach for me. I can't justify the spend. And I simply prefer simple 3 handers.
I wish I had a VC boutique near me. I would love to see the 222 and new RG dual time green dial Overseas.
I'm fortunate to live near a watch mecca, the South Coast Plaza shop. The VC boutique is quite nice. But funny, it's always the Rolex shop that has lines in front. Hope you get to see one in the metal soon.
I’ve sold a few of my own watches recently. For now I’d rather put my value into Bitcoin, gold and a few stocks.
Good analyst, But the analyst are from the Covid top. The highest prices in history. Should it not be more realistic if make an analys 2014-2024? Thank you
I typically go back 2 yrs for my analysis, so that's why. But I could include more years. Thanks.