Because the ADs are still playing games with lollipop suckers. Basically they need you to spend 20-30k on other junk to “allocate” you one. They are hoarding them in safes; for now😂
The way he says it is that they are 9K retail. The cheapest he can find is £8.4 which gives you a £600 immediate loss if purchased at retail. If you purchased the same watch from GMG it would be a substantially greater loss. Sounds like he cut off his nose to spite his face with that statement for a slow seller on the grey market. They are most likely slow sellers because they are currently overpriced.
Not really: if you would,have bought John Mayer Daytona 1 y ago you would have waisted 30k..so especially on watch you need to time the market. Is not a stock
In 2021, I bought a wg sub, two months later bought a wg oysterflex meteorite Daytona. I bought the sub as a stepping stone, but today it's probably my favourite watch.
The "anywhere in the world" is a bit of a mute point if you're a UK buyer. The import fees pretty much negate any saving you might make and for most of these watches, probably make them more expensive than new. The cheapest 126610LN I could see on Chrono at the moment, 2024 full set, £10805. Taking away 2024 from the search dropped the price by roughly a grand. Naked watches were about £9K...Where did you find one for £8400?
Have to agree the grey market in the UK has the market sown up. As leaving Europe has cost buyers dearly in the UK, the grey market is capitalising on the this.
Most likely where the grey people are capitalising is by buying grey imports. Watches purchased outside of the UK and then not declared for taxes upon importation. Gives them an even greater profit margin.
Another great video guys. Always like your content. I've never had an issue with my AD. I bought an Omega for my 50th in October 22. Dec 29th i just walked in to say hi. And walked out with the Silver Snoopy. Couldn't believe my luck. 3 months later, I got an Explorer ll polar dial. I'm now just waiting on my Batman.
Appreciate that, glad you enjoy it! 💚 Wow thats great, where is your AD? Just about making a great relationship with your AD and starting small to work your way up to your dream watch
@gmgwatches Mines in Australia. Ive got to know the owner, i go in regularly just to chat. First time I went in shorts, t shirt and full body suit of Tattoos. Never judged me at all. All the staff are awesome. And they love chatting and showing watches to my 2 daughters.
If you’re only buying one Rolex sport buy the Submariner (no date) and enjoy a lifetime of wearing it and never having to doubt your purchase. Otherwise the 40mm Explorer 2 is great and so is the 36mm Oyster Perpetual… with a basic dial and indexes.
Stay away if you want to flip for profit or stay away because they are worth what you pay? Happy to buy a Rolex I want and pay retail as long as it’s not a precious metal version that is thousands under RRP. Then I’d go grey market.
I have a good relationship with my SA at my AD and we laughed on how hard it was to sell a white gold sub, it took like 4 months and that was before the price hike of 4%, it will be 100% impossible to sell it without a discount now, white gold oyster flex sky dweller is another AD nightmare.
Great video, very accurate analysis. In my 4.5 years in the game as a watch collector and enthusiast, I collected a lot from MaMaCoo I was thinking I was able to get a blue SD but I'm not vip enough, but I'm not giving up. Hehe. Great video.
Smurf white gold won’t do well cos looks like a S/S and as we all know most people buy Rolex’s to flex so ain’t no point in that unless you genuinely like the watch.
If you like the watch and want to wear it (as all watches should be) then buy it and enjoy it. Unless you can make a huge saving of a few thousand on the grey market. All of my pieces tend to go for over RRP so I just buy them from the AD. Not in any hurry to spend over list at a grey market dealer. Stock is coming back - I bought a GMT Master II Zombie from the AD window whilst walking past just over a month ago and spotted an AD abroad with over 110 pieces in stock.
@@Andy-ys8sj Hope so! Maybe that was Rolex's plan - let the stock come back and then let customers flock back with discounts (I.e. discounts they can afford to give if they intentionally put the prices up)
Love the content you are all dishing out, keep it up guys youll be huge before you know it, Amazing group Nevwr owned a real watch before never owned a watch which was braded 😂
I got a 126233g the gold and diamond dial Rolex and I paid $14k and change from my AD. It was a 40th birthday gift from them to me lol. They allowed me to buy it. It’s hard to sell so they called me like happy birthday! You want the watch?😂 first time they ever called me and I’m on the list and bought 4 Tudors new from them. I love the timepiece though. It blings.
This is clearly advice for if you want to sell a watch. If they were offered the watch from Rolex they would buy it 😂… if you like it and you can buy it from Rolex buy it don’t think twice
Stop flipping watches and maybe genuine collectors will be able to purchase what they want. Can’t stand this AD dance and people flipping watches to make profit.
Stop flipping watches and maybe genuine collectors will be able to purchase what they want. Can’t stand this AD dance and people flipping watches to make profit.
If the advice is not to buy a Submariner from an AD then why would you buy one for more lolly on the grey?
Because the ADs are still playing games with lollipop suckers. Basically they need you to spend 20-30k on other junk to “allocate” you one. They are hoarding them in safes; for now😂
The way he says it is that they are 9K retail. The cheapest he can find is £8.4 which gives you a £600 immediate loss if purchased at retail. If you purchased the same watch from GMG it would be a substantially greater loss. Sounds like he cut off his nose to spite his face with that statement for a slow seller on the grey market.
They are most likely slow sellers because they are currently overpriced.
@@pjchling8088 complete BS, you can get a submariner with a 6month wait now
Wrong @@pjchling8088
@RocketDog73 he's lying the cheapest in uk brand new 2024 is 10800. These guys are dumb af
You can NEVER go wrong by buying a black Sub.
Watch market is like the mortgage market, don’t try and time the market. Buy what you like & don’t follow trends/grey dealers.
I agree 💯
Not really: if you would,have bought John Mayer Daytona 1 y ago you would have waisted 30k..so especially on watch you need to time the market. Is not a stock
I would rather have the grey John Major version 😂
@@radamante3231is that something you predicted then? No, it’s just Sod’s Law hence my original point.
In 2021, I bought a wg sub, two months later bought a wg oysterflex meteorite Daytona. I bought the sub as a stepping stone, but today it's probably my favourite watch.
Who cares when you can buy directly from the AD. And the rootbeer is a must have in a watch enthusiast collection.
Well said.. Thanks for your feedback 🥰
The "anywhere in the world" is a bit of a mute point if you're a UK buyer. The import fees pretty much negate any saving you might make and for most of these watches, probably make them more expensive than new. The cheapest 126610LN I could see on Chrono at the moment, 2024 full set, £10805. Taking away 2024 from the search dropped the price by roughly a grand. Naked watches were about £9K...Where did you find one for £8400?
They using the world to bring down their offer price
Have to agree the grey market in the UK has the market sown up. As leaving Europe has cost buyers dearly in the UK, the grey market is capitalising on the this.
Agree on this, global prices aren’t all that relevant in this discussion. WHO is realistically buying from Asia in the UK for a watch?
Most likely where the grey people are capitalising is by buying grey imports. Watches purchased outside of the UK and then not declared for taxes upon importation. Gives them an even greater profit margin.
These guys are morons
Another great video guys. Always like your content. I've never had an issue with my AD. I bought an Omega for my 50th in October 22. Dec 29th i just walked in to say hi. And walked out with the Silver Snoopy. Couldn't believe my luck. 3 months later, I got an Explorer ll polar dial. I'm now just waiting on my Batman.
Appreciate that, glad you enjoy it! 💚
Wow thats great, where is your AD? Just about making a great relationship with your AD and starting small to work your way up to your dream watch
@gmgwatches Mines in Australia. Ive got to know the owner, i go in regularly just to chat. First time I went in shorts, t shirt and full body suit of Tattoos. Never judged me at all. All the staff are awesome. And they love chatting and showing watches to my 2 daughters.
If you’re only buying one Rolex sport buy the Submariner (no date) and enjoy a lifetime of wearing it and never having to doubt your purchase.
Otherwise the 40mm Explorer 2 is great and so is the 36mm Oyster Perpetual… with a basic dial and indexes.
I am about to buy a basic Oyster perpetual 41mm and my AD has put me on wish list, do you think I should buy it?
Sounds good. Congratulations 🥳
@@gmgwatchesthank you
Can you send the link for the watch case y’all have ?
Stay away if you want to flip for profit or stay away because they are worth what you pay? Happy to buy a Rolex I want and pay retail as long as it’s not a precious metal version that is thousands under RRP. Then I’d go grey market.
That day date is rose gold
Wouldn’t it be funny if the AD asked to bring your first watch before getting your next one.
You’d be surprised. Most people probably could 🙌🏽
@@gmgwatches I’m feeling guilty, and I have flipped.>.. lol , because I do have a good relationship with the AD which has taken 5 years.
where are you getting these watch charts?
@@junyamada1323 chrono24
I have a good relationship with my SA at my AD and we laughed on how hard it was to sell a white gold sub, it took like 4 months and that was before the price hike of 4%, it will be 100% impossible to sell it without a discount now, white gold oyster flex sky dweller is another AD nightmare.
Great video, very accurate analysis. In my 4.5 years in the game as a watch collector and enthusiast, I collected a lot from MaMaCoo I was thinking I was able to get a blue SD but I'm not vip enough, but I'm not giving up. Hehe. Great video.
Great chat fellas, hope you are well!
Thanks Greg!
Smurf white gold won’t do well cos looks like a S/S and as we all know most people buy Rolex’s to flex so ain’t no point in that unless you genuinely like the watch.
The smurf goes for well over it's original list price. I think you are trying to say blueberry as that goes under its list price.
How much for a 2024 date sub SS
Such a great honest video guys.
Thank you! 💚
I watched this episode all the way through, This video was excellent ☘️
Thank you Brendan, we are happy to hear that 💚
@@gmgwatchesI’ve just suffered watching Charlie’s latest video! He’s living on a different 🌍
Deal of the week. Deal of the week 👍
If you like the watch and want to wear it (as all watches should be) then buy it and enjoy it. Unless you can make a huge saving of a few thousand on the grey market. All of my pieces tend to go for over RRP so I just buy them from the AD. Not in any hurry to spend over list at a grey market dealer. Stock is coming back - I bought a GMT Master II Zombie from the AD window whilst walking past just over a month ago and spotted an AD abroad with over 110 pieces in stock.
I can see in the next twelve months, people getting discounts of 10percent as a walk in at the ad's
@@Andy-ys8sj Hope so! Maybe that was Rolex's plan - let the stock come back and then let customers flock back with discounts (I.e. discounts they can afford to give if they intentionally put the prices up)
Love the content you are all dishing out, keep it up guys youll be huge before you know it, Amazing group
Nevwr owned a real watch before never owned a watch which was braded 😂
@@benplayshq6172 thanks Ben love that! Hope you enjoy this Sunday’s episode its very sports related 🤣 let us know what you think 💚
@@gmgwatches for sure!
It's not all about profit, if you like the watch buy it wear it
Long most Rolex will do ok.
Enjoyable video
@@simonmorris1626 Thank you Simon!
Being placed on a list by the AD is total BS….
You have my dream watch the AP offshore chrono silver dial... I don't know if to trade my 126518ln for it😅
Just love that low class grass roots accent and vibe of yours whilst talking about watches
Thanks 🙌🏽💚
All the rolex grey dealers are like this. Basically car sales men 🤣🤣🤣
I got a 126233g the gold and diamond dial Rolex and I paid $14k and change from my AD. It was a 40th birthday gift from them to me lol. They allowed me to buy it. It’s hard to sell so they called me like happy birthday! You want the watch?😂 first time they ever called me and I’m on the list and bought 4 Tudors new from them. I love the timepiece though. It blings.
Congratulations 🥂 and happy 40th 🎉
@@leegmg thank you! 🙏🏾
"don't buy this watch because its value is lower than it used to be" is very odd advice....you're supposed to buy low and sell high
I hope the prices continue to decline and Rolex’s become unpopular. Nothing would make me happier, especially how the AD’s have treated customers.
This is clearly advice for if you want to sell a watch. If they were offered the watch from Rolex they would buy it 😂… if you like it and you can buy it from Rolex buy it don’t think twice
*Don't buy Rolex*. Fixed it for you.
These are opinions nothing more. You buy the Rolex that you want and like and want to wear.
Such a downbeat video. Everything overpriced it seems. Surely put off loads of their potential buyers!
Stop flipping watches and maybe genuine collectors will be able to purchase what they want. Can’t stand this AD dance and people flipping watches to make profit.
Never going to stop. If money can be made people will exploits any and every market
Funny bc the YM 40 rhodium is selling for 15k so I dunno what these clowns are talking about
Dont buy a rolex full stop. They hate the average buyer
Interesting view. Thanks for your feedback
@@gmgwatchesforgot to say great vid by the way 👍
@@bobbyknox9258 thanks bobby 💚
@@bobbyknox9258 thanks bobby 💚
Y'all make solid videos, but we need higher frequency! 👍
💚
Stop flipping watches and maybe genuine collectors will be able to purchase what they want. Can’t stand this AD dance and people flipping watches to make profit.
Well the profit isn't there anymore so you should be happy