DOAWD - Talks with an Ex-Rolex Authorised Dealer: AD vs. Grey Market
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- เผยแพร่เมื่อ 23 ส.ค. 2024
- Authorised dealer vs grey market dealer?
Jay Tran chats with Victor Yan, a former Rolex authorised dealer who made the jump to the grey market. Dive into this episode, where Victor debunks market myths and shares insider tips.
Victor started his watch journey in 2019 with a Rolex dealership in Sydney and switched to the grey market by 2021. He shares his experiences, revealing the highs and lows of dealing with sought-after Rolex watches. You'll get the inside scoop on how to build relationships with dealers and navigate the tricky landscape of expression of interest lists to score the watch you’ve been eyeing.
Expect to hear some entertaining and memorable stories from Victor’s career, including humorous and touching client interactions. Whether you’re a watch enthusiast looking to expand your collection or a dealer wanting some insider knowledge, this episode is packed with valuable insights and fun anecdotes.
Follow Jay Tran for more cool content and updates:
• Instagram: @thewatchguyjay ( / thewatchguyjay )
The true Rolex experience “we have nothing to sell you” 😂
So he wasn’t the Authorised Dealer, he was a AD Rolex salesman. Big difference.
victor seemed very careful not to tell the truth about ADs because that is where he is sourcing his new watches from
this feels like a 2021 chat and out of date
Great to see one of my favourite watch dealers Jay on TH-cam 🎉
Haha thanks ❤
Great conversation, really cool to hear things from the Australian perspective. Looking forward to more content like this!
More to come !
More to come !
Some interesting topics.. Personally would never buy from a "watch dealer" that popped up during covid. These are the same scumbags that ruined sneakers looking for quick dollar
15:13 this is the reason you watch enthusiasts can't get your Rolex allocation. Flippers like this guy.
😂 This long af vid only confirms one thing! TSWMID and grey market dealers are trying deperately to keep facade alive!
Use to chat to Victor at his AD. Super knowledgeable and friendly to chat to. I’d occasionally just walk in and just talk about watches without even asking to buy anything. I just wanted someone to talk about the hobby with someone, during my lunch times. Legend bloke, was pretty disappointed when he mentioned he was leaving. My chances purchasing from his AD went to Zero. Vic if you’re reading this, best of luck. I still have your number on my phone.
It's not easy to find an SA that's actually passionate about watches and willing to just talk watches with you with no pressure to buy anything. Feel free to reach out one these days!
Loved every minute of this, great work Jay 🤙
The strategy that Rolex has rolled out will continue to work if people continue to pay inflated prices in the secondary watch market and through the CPO program. If people stopped buying watches using these two channels, prices would capitulate within 30 days and the ADs would call their list begging people to buy watches. Wake up people! Stop supporting brands that try to fleece you!!!
Great point! I no longer will enter a Rolex AD if there cases only have Exhibition Only inventory.
20:11, 21:12, then also 15:13 😂😂😂😂😂😂. A bit of a hypocrite there, Mr. Grey Flipper?
Great conversation!
Really interesting podcast. Learnt a lot 😂
lol, ADs feel too entitled, when all they really deal with are flippers.
the story is very simple. Just pay for the watch at AD more than the grey market pay and you will get the watch!
Valuable episode. Thank you very much. We all learn more from people who are passionate about watches and thus started in the filed, than from people who are in horology professionally from day 1. So thank you guys.
the managers in the ADs have the relationships not the sales staff.
As an SA in a multibrand watch store.... I dont know...but how do you guys, official dealers, manage to have so many rolex inquiries and are you just talking about people inquiring and exiting the store or are those buyers? Because I do have those coming to check out rolex, enjoying it on the wrist for a few moments, but not planing to buy at all. In 5 months I managed to sell 2, all in one week, and the months before or after nada at all. From my perspective an official dealer getting the stock of 120 rolexes a month is already too much, if they are not moving at all at the desired speed.
If you are looking for a customer who wants to buy. I and sure others would gladly come shop. Just drop the AD name. We will gladly buy all you can sell.
@@watchexplorer426 Probably a whole bunch of precious metal watches that trade below retail that no one wants to touch.
Sounds like there’s no rhyme or reason as to how the ADs work. You’re pretty much at the whim of the SA/AD.
Correct
Love your videos, 👍👍👍new subscriber. Is this true 40 percent of AD dealers sell back door to gray market to make a profit especially like gmt or Daytona cause their in high demand?? Thank you .watching you from San Francisco
how did rolex salesman earn a living if they had no watches to sell ?
What I'm hearing is I'll be waiting for a really long time or have no chance of getting my first Rolex.
Unfortunately the current state of the watch market 🥲
@@WatchGuyJayit's not the "current state". It has always been. Pieces are typically offered to flipper buddies for share of profit than to a true collector where no profit is made.
I've waited really long as well. Over 6 yrs for a SD43. All they want to is sell you pieces with semi or full precious metal pieces before even talking about the actual desired piece. That's the game they play to stay afloat. Nonetheless, I've already lost interest in the SD43. Will not bother to buy it even if they call me.
Great conversation, but come on guys please be honest. You know exactly who those flippers are. You mentioned in 20:40 that your clients are mostly white color professionals, doctors, lawyers etc. You know exactly that most of those clients are flippers. Money makes money. I know for a fact that people of high income are the main flippers.
In my experience the flippers come from all and every profession, not just white collar professionals. One thing is for sure, those who can build a great connection with their AD are usually the ones that get all the watches.
@@WatchGuyJay True, but only few can buy desirable watches like GMT Pepsi and Daytonas. Those few are white collar professionals like Doctors, Lawyers etc. You know exactly what I’m talking about.
Buy the AD a coffee, get the watch and flip it right away
My AD won't accept payment (for rolex only) with credit card. Has to be cash or debit. Any other watch in store can be paid with credit. Was kinda sketchy to me. But maybe normal.
Interesting I haven’t heard of this before
Same thing here in Dallas
AD? Sounds like a gray market dealer. My AD won't accept cash.
17:40 Wow, and we thought the education in America was bad! 😂
AD sells to grey market dealer «sjhares in the profit of first resale..Simple..
So you are still screwed if you want your first milestone watch. You would have had to have 5 previous milestone watches to get a Rolex these days. 😂
Rolex produces 1.2 million watches a year, but how much of that inventory ends up on the shelf at a grey market dealer?
Good question, I’ll make a video about this 😂
I wore a Rolex for years but usually don't wear any watch now. Not likely I will go into a Rolex store and suck up to these guys. Most Rolexes I see today are fakes. My digital casio gets a lot of attention.
What’s up with his ear? 🧐
This guy 💯 is related to Kim Jung
There two chinese boys are wearing pretty nice fakes.
please speak English!!!
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