I have been following Roman since 2019, and i really appreciate the honesty you are showing, please keep on posting these honestly. When I am in the market to buy watch, you guys will be only people I will contact due to your honesty
Make as many of these as possible. It’s always nice to get a peek behind the curtain. Moda prices are a little lower than these but much of the variability seems to be due to condition and accoutrements. At the very least thanks for the attempt at transparency. God tier!
@@jasonm.8749 Considering we are talking about price REFERENCING not looking to buy from chrono... Prices on chrono are not sold prices. they are listed prices. It doesn't give an actual view of the available prices. Just for what people would like to get for the ones listed there. For price referencing or comparison for knowing what price things are ACTUALLY selling for you want to use a market tracker of sold items. Not a sales point.
Chrono24 asking prices are just that -- asking prices. They are not "retail prices" per se. You won't know what the watches are actually selling for by browsing Chrono24 prices other than the lowest asking prices.
My question is, do watch dealers buy watches with cash or credit? Basically, are they operating like a car dealership that needs to pay notes every month?
It depends on many factors. For example, Some dealers have access to credit from other dealers (a.k.a. Memo or Terms) while other dealers have to pay for every watch they purchase. Most of our buying happens from the public which means there are no lines of credit.
The prices he cites are BS. John Mayer Daytona is trading max $75k among dealers. One sold at Philips auction for $78k including the 25% buyers premium. The hype post discontinuation did not last long and these keep dropping with no end in sight.
@@greymarketpod Cmon, i see most of the chats too and 90% of these Daytonas are in the mid to low 70s and very few above 80 (fully stickered). Lets not try to pull a wool over everybody's eyes. Noone should be paying in the 80s for these, even at gray dealer "retail' price.
@@jfloop77 You should probably stay as Farrer away from Anthony as possible. I wouldn't trust that guy after all his antics. I'm sure $500 is a hot price, but doubtful dealers are paying $50 for the job.
In saying all this is your commission for salesman based on a percentage of the entire sales or profit? I can’t imagine with the margins it can be total sales.
Could be just the US market prices, but all the prices are way out for Europe. You can buy any of these in Europe for the ‘wholesale’ price or less in many cases
If a watch is less than 5 years old and it needs a service - I would not advice anyone to buy it, as a quality time piece should not need service before the 5 year mark.
I just want an AD that will sell me one at retail. My local Mayors AD sucks. Been on their so called "list" for years for about 4 models. Even though I have previous purchase history with them they won't sell me anything unless I buy a bunch of other crap that I don't want. Such BS. Someone point me to an AD that will sell to me.
Jason, the AD game is hard to break into unless you are willing to play the game by buying stuff you really don't want before you get a Rolex you really do want. If not, buy the watch you want to wear from Luxury Bazaar and pay a "premium" over list-- although some Rolex models LB will sell below retail. Just remember that "everything is negotiable" so when you do call Luxury Bazaar be prepared to buy right away once you get a good deal. Don't negotiate and then say "I will think about it".
@@greymarketpod retail price is the official price from the brand, resell price is the market price on chrono or what so ever which is also just a asking price and not a indicaiton to sell :D
@@greymarketpod its ok to charge a premium but what Im saying its you didnt have to explain that on every watch you discuss. Just tell us the price, etc …we know there are overhead cost, fees, etc😏
Hey Avi, I thought you went rogue for a minute. Thanks for the information, this video will give people some insight into the cost of watches in the secondary market. People should now see that there really isn't a huge markup on these watches and after all LB is a business and is making a fair profit on watches. Thanks for keeping us informed, looking forward to your next podcast.😊😊❤
@@greymarketpod I completely understand, there are only a handful of watches that you can hit a homerun with as far as profit goes and it probably doesn't happen as often as you would like it to. In the meantime you have to plug away with the marginal profit just to pay the bills, and you have to sell a lot of watches to do that.
saw a short from an old vlog about commission (Kevin, Marco MB&F deal), just something for LB admin to consider, where there is an assist involved why not split the commission 80 / 20 so that the person who helped gets 20% of commission than 0%? 50 / 50 is too much, 20 seems fair as otherwise if sales/buys member of LB team may not want to help and use their time if they get 0 in return and only a pat on the back
I have been following Roman since 2019, and i really appreciate the honesty you are showing, please keep on posting these honestly. When I am in the market to buy watch, you guys will be only people I will contact due to your honesty
Make as many of these as possible. It’s always nice to get a peek behind the curtain. Moda prices are a little lower than these but much of the variability seems to be due to condition and accoutrements. At the very least thanks for the attempt at transparency. God tier!
I appreciate the support. No one price can ever be "general" because of that variability.
Very interesting topic.Thanks for the insight
This was awesome!! I was always curious.
Happy you liked it!
This is very good info we need more of this
Ballsy and informative. Respect.
Chrono24 is probably the worst price reference you could have use.
Why? Where can you get better pricing other than Chrono24?
@@jasonm.8749 your local jewish jewler
@@jasonm.8749 Considering we are talking about price REFERENCING not looking to buy from chrono... Prices on chrono are not sold prices. they are listed prices. It doesn't give an actual view of the available prices. Just for what people would like to get for the ones listed there. For price referencing or comparison for knowing what price things are ACTUALLY selling for you want to use a market tracker of sold items. Not a sales point.
BS you would never give out any secrets... you’re a dealer!
There are no secrets anywhere anymore. All of this is available if you're in the right groups or chats.
nice video. thanks for the insights.
Great video. Thanks for the update
Love this.. Found your business while looking up information on my father's old watch and I'm addicted to watches now
That's awesome! Thanks for watching and welcome to the addiction!
This was by far informative episode. Thank you Avi
Great video. Your realistic analysis of the market debunks a lot of the misinformation that is out there. Thanks.
Thank you for the support!
Chrono24 asking prices are just that -- asking prices. They are not "retail prices" per se. You won't know what the watches are actually selling for by browsing Chrono24 prices other than the lowest asking prices.
It's a solid starting point.
thanks mate! yep if you could, please do more of these
Do this again with more models for Rolex! This was amazing. And can you do it for AP and RM as well?
Absolutely! Working on it.
Bro stop talking BS!! Opusontime Rules.
Who?
@@BufanMuayThai LOOOOOLL!!
Interesting video. Enjoyed it. Keep them coming.
Any advice in getting into this business?
Working on an episode for that.
Very interesting
My question is, do watch dealers buy watches with cash or credit? Basically, are they operating like a car dealership that needs to pay notes every month?
It depends on many factors. For example, Some dealers have access to credit from other dealers (a.k.a. Memo or Terms) while other dealers have to pay for every watch they purchase. Most of our buying happens from the public which means there are no lines of credit.
@@greymarketpod thanks for the answer!
Good data to share. Like to see you continue to do more of these.
Doing Audemars Piguet next.
The prices he cites are BS. John Mayer Daytona is trading max $75k among dealers. One sold at Philips auction for $78k including the 25% buyers premium. The hype post discontinuation did not last long and these keep dropping with no end in sight.
These are actual offers from dealers and are watch specific. What else can I do?
@@greymarketpod Cmon, i see most of the chats too and 90% of these Daytonas are in the mid to low 70s and very few above 80 (fully stickered). Lets not try to pull a wool over everybody's eyes. Noone should be paying in the 80s for these, even at gray dealer "retail' price.
This is awesome, please do more with other brands! And more Rolex please!
Will do!
2023 sprite retail is 11450 so what are you saying retail at 23000 from ???
Retail as in market price, not retail from an AD.
Best and most valuable content from this channel so far. Do a yachtmaster.
Dope video!
$600 for a polish haha. It costs you guys $50-75. Other than that - nice, informative video.
No dude. You talking about a polish that damages your watch.
Show me an experienced Rolex polisher that charges $50 -$75 and you can have our money.
@@greymarketpod Anthony Farrer was talking about it lately in his webinar on how much street folks get charged for polish vs how much dealers pay.
@@jfloop77 You should probably stay as Farrer away from Anthony as possible. I wouldn't trust that guy after all his antics. I'm sure $500 is a hot price, but doubtful dealers are paying $50 for the job.
@@Joshua88Graham What's wrong with that guy? He seemed legit?
The only thing that would have made this better oils be to tell the cost from a new dealer to customer, wholesale and the retail.
In saying all this is your commission for salesman based on a percentage of the entire sales or profit? I can’t imagine with the margins it can be total sales.
Businesses don't care about sales, they care about profit.
I do have the feeling that Rolex prices are going to fall a bit more.
I'm sure certain models will and others won't, same with everything right now.
Could be just the US market prices, but all the prices are way out for Europe. You can buy any of these in Europe for the ‘wholesale’ price or less in many cases
If a watch is less than 5 years old and it needs a service - I would not advice anyone to buy it, as a quality time piece should not need service before the 5 year mark.
We do it for every watch we get to confirm it’s in perfect working order and completely authentic.
Am I one of the only ones who that this episode is laughable?
I just want an AD that will sell me one at retail. My local Mayors AD sucks. Been on their so called "list" for years for about 4 models. Even though I have previous purchase history with them they won't sell me anything unless I buy a bunch of other crap that I don't want. Such BS. Someone point me to an AD that will sell to me.
Same
Jason, the AD game is hard to break into unless you are willing to play the game by buying stuff you really don't want before you get a Rolex you really do want. If not, buy the watch you want to wear from Luxury Bazaar and pay a "premium" over list-- although some Rolex models LB will sell below retail. Just remember that "everything is negotiable" so when you do call Luxury Bazaar be prepared to buy right away once you get a good deal. Don't negotiate and then say "I will think about it".
Wow, you resemble Adam Sandler, “You can do it”.
prices hes quoting are to high , better use of chrono and you will see hulk £18k NOS, Sub date £12k brand new
I'm using Chrono24 for the retail prices 🤦♂️
@@greymarketpod retail price is the official price from the brand, resell price is the market price on chrono or what so ever which is also just a asking price and not a indicaiton to sell :D
Please stop trying to justify why grey dealers are over charging for these watches😂😂😂
"Overcharging" is an opinion.
@@greymarketpod 🙄
@@greymarketpod its ok to charge a premium but what Im saying its you didnt have to explain that on every watch you discuss. Just tell us the price, etc …we know there are overhead cost, fees, etc😏
💯💯💯
Hey Avi, I thought you went rogue for a minute. Thanks for the information, this video will give people some insight into the cost of watches in the secondary market. People should now see that there really isn't a huge markup on these watches and after all LB is a business and is making a fair profit on watches. Thanks for keeping us informed, looking forward to your next podcast.😊😊❤
That's the hope. I know many people feel that watch dealers should not make a profit although it's OK for any other business.
@@greymarketpodI think people get mad when any business makes a profit these days.
Which is weird because how else do you employ people and pay them so that they can go out and buy the stuff they want?
@@greymarketpod
I completely understand, there are only a handful of watches that you can hit a homerun with as far as profit goes and it probably doesn't happen as often as you would like it to. In the meantime you have to plug away with the marginal profit just to pay the bills, and you have to sell a lot of watches to do that.
@@frankphilpot3492 what you do for work FP? you seem very knowledgeable about team building & team work, negotiation, sales etc
The "hulk" prices need to drop....drop drop,and then drop some more!
Just buy a Starbucks bro tbh or maybe older gen Kermit
Unbelievable
@@issacsalinas99but true😂
Enough already with your dealer pricing … lol
saw a short from an old vlog about commission (Kevin, Marco MB&F deal), just something for LB admin to consider, where there is an assist involved why not split the commission 80 / 20 so that the person who helped gets 20% of commission than 0%? 50 / 50 is too much, 20 seems fair as otherwise if sales/buys member of LB team may not want to help and use their time if they get 0 in return and only a pat on the back
Definitely more interesting than the nicks names thing 😂
Ouch!
🔥