This is the best explanation of the grey market I have ever heard. Also, it's nice to hear this from the perspective of someone who isn't lobbying on behalf of manufacturers against consumers availing themselves of the deep discounts to be found in the grey market.
That "give me those 20 watches that don't sell well and 3 Daytonas" is pretty much in line with what I experienced when I was working in the music and media industry - the "ask" is just reversed. Radio stations want to broadcast big name artists before anybody else ; record labels allow them to, but only if they broadcast smaller artists from their roster as well. Super interesting and insightful, thank you! (Edit: by the way, none of this was confusing... it was crystal-clear!)
FINALLY someone explains how these GM dealers buy their watches. I’ve been through many vids declaring how to approach the business, but they never go over how the inventory itself is acquired. Thank you!
well said federico and stop saying its confusing,it is not after you explained it.......that was very informative and we are waiting for new videos about the watches industry.thank you
I happen to live near some industrial parks that have yards full of unsold new cars. There are rumours that the cars eventually get scrapped. Something similar happens with new fashion clothing that doesn't sell - it gets destroyed rather than being allowed to be sold on the market at a discount where it might bring prices down. Thank goodness there's a grey market for watches and perfectly nice, unworn Omegas and Breitlings aren't getting smashed to maintain scarcity/high prices
Great vid, as a watch enthusiast, business major, and retail employee, this hits me on all levels. Please make more vids on AD's and the industry in general.
With the exception of Rolex, (maybe Patek, but that is out of my price bracket) it is very hard to understand why anybody buys from an AD. The 30 minutes you spend in the AD being complemented by the staff can literally cost you thousand of dollars. It would be cheaper to hire an actor to pick up your watch from Fedex, hand deliver it with white gloves, set and fit the watch, and spend half an hour telling you how handsome you are.
You can offers a price on a few online sellers these days. I did it with a navitimer going for 6k I hit the make and offer at 5k and they excepted it. I ultimitly backed out when they couldn't tell me how old the watch was. I got the impression they were getting the watch from a third party.
With exception of Rolex I have always received a good discount with AD. The recent exception was the IWC boutique in Dubai, so I went to an iWC exclusive AD in another mall and got the discount I wanted. The next upside is with the AD duty free, combined I have been able to buy some new pieces at ‘unworn’ nearly new prices on the internet. Then of course you can get the nice services and some goodies too 😁
With regards to Warranty not buying from an AD will not void the warranty or prohibit you from the warranty. Hi The warranty lies within the Watch not from where you buy it. U.S. laws prohibit practices like this.
@@FutureWarlordOfHomestead Who cares about warranty? If I am saving two or three thousand dollars (or more) on the purchase price, let it break, I'll have it fixed for a thousand bucks and still save money. I never once thought about a warranty when buying a grey market watch. In fact, if you are spending $10k on a watch and have to think about what a repair may cost, you can't afford the watch.
This is good to know, I was looking at an Omega and the AD hinted at a 10% discount, I know I can get it at the airport for 15% less. I guess I can be a bit pushier when I go to make my purchase knowing they have a bit more wiggle room
Thank you for the information I just bought a tag Hauer Formula One watch from a grey dealer I got a great price part of me was thinking is it real or fake but now listening to your video puts me at ease that I just got a great price! Thank you
It wasn't confusing at all Frederico...I think other retail businesses sometimes suffer the same problems, there's always wheeling & dealing going on...thou your little packages can be quite pricey...you did a great job of explaining...
Thank you for clearing that up. I've always wondered how that was possible - selling at huge discounts. One question if I may. On Chrorno 24, what is the difference between new and unworn watches?
100% makes sense. Not confusing at all. You explained it perfectly. Its business 101. These watches are not coming off the back of a truck to fill the entire grey market. Manufactures, ADs, Distributors are making and selling new watches. Not hanging onto old stock that goes down in value. the 2018 model was replaced by 2021 model. is the AD going to have the 10 2018 models in the showroom? ADs want the latest models on display. Grey market is where 4-10 year old models go to get sold.
Very nice video my friend I just bought a Brietling 46mm navatimer Bo1 movement with exhibition back for $6200.00 new from watcmaxx free shipping no tax the same model at lux bond and green is $10,050.00 now I understand how they sell so cheap, thank you every one thought I was getting fakes from china.
Thank you my friend. I mean I didnt really provide any secret information, I think if anyone really studied the situation it would be pretty clear. But i really appreciate that you enjoyed it my friend. Cheers!
Fed, every horological enthusiast youtube channel brings something of themselves to a perspective audience. What you bring is honesty, integrity, & industry insider insight. Not only should you continue to produce videos with said ‘insider info’ but you should make it constitutive to future content. IMHO.
Wow! I just received a Luminox watch that I verified was authentic, but I was confused as to how I was able to buy it at such a discount from an online retailer. This video was outstanding, explaining the various ways that the gray market can sell authentic watches at discounts. Thank you for spelling this out in simple, easy to understand terms.
I found it very useful and just subscribed. It really wasn’t hard to follow. I think you are underestimating the intelligence of your viewers. Thank you
Good informative video , I just purchased a Omega Seamaster from my local AD at 34% off retail the watch was $8000 new and it came with Omega 5 years warranty as well the AD was no longer being Omega dealer and was very aggressive with prices , but I always wonder how come the Graymarket never offers warranty through the original manufacture but they offer their own warranty which I’m not a big fan off ?
Very well explained. I imagine if you clicked on this video you had a few notions on how it was done so all we needed was a clarification not a back to basics instructional. Great job!
Federico..your best video ever!! It will help us watch buyers to know how far we can push a discount when face to face with an AD. Knowing these margins and some clever observation of their body language and i bet most ADs will discount more than most people think. I bet the ADs dont like Federico talks Watches!!
Thanks for the industry insight. I know you can't be winning over friends in the retail world w/ the this video but trust me, we (consumers) appreciate it. Had to FF to the 2:00 again b/c that's how long it takes you to get to the issue at hand... Excellent explanation bud,. It wasn't confusing and your explanation was very thorough. I was raised in the "sales" world. Going into an AD, I'm asking for at least 30%. Sometimes the store gets their feelings hurt and they lose a sale. When the AD plays ball, I happily purchase on the spot. Once I found out about VAT refunds, I don't even purchase state side anymore. I get the AD discount in Europe and most shops will refund my tax on the spot either by an application of additional discount or cutting me a check. I've done the refund at the airport once and it was a nightmare, so I'll never put myself in that position again.
Great topic. I didn’t find it convoluted. It’s basically about money. I’d love to know more insider stuff like this - like which grey market dealers to trust. Thanks for posting!
great explanation, glad it comes from someone who worked in the watch industry and a lot of what you are saying makes financial sense and is similar to what clothing companies do
Hey fed, all the watch channels ( your by far my favorite) always mention how to buy a watch the correct way, but most people don’t know what that means, so if we can pls get a video on that topic it would be awesome. Thanks a ton for all the videos
The best video on watches I have ever viewed. I have been a collector for less than 10 years But I just learned a whole bunch of great shit from you right now. Thank you.
Bought a fresh new Omega AT 150m, newest model, for $3575 on Jomashop. It retails for $5500. Basically, 65% off. It won't lose much value from $3575. I feel I made a good purchase.
Very interesting Fed, a bit of an eye opener regards margins. Just goes to show on weaker brands haggling is the only way. Sometimes a crazy low offer is going to be tempting to ADs if they need to hit their targets, what has anyone got to lose? More content like this please, makes a refreshing change from same old same old watch reviews elsewhere.
Federico thank you. The brands and the business director live on quotas. Either you reach the forecast or you look for a new job. Anyhow the grey market lives on opportunities and customers. At the end of the day people buys from people. Give a good service and conquer your custoners and market. I took a picture at multi brand dealer in Hawaii put it on a Facebook group, and got lots of negative comments about their customer service. Aloha!!
I'm looking at buying a Tudor Black Bay 36 from Jomashop for 500.00 ish off msrp. However, they're not in stock. If grey market is buying overages, why is there a 4-8 week wait time? Fantastic video by the way.
Very informational video thank you it definitely explains a lot about the gray market area which is confusing and you did break it down very good keep up the good work my man. Another Avid watch collector
37% for an AD, the manufacturer is making far more mark-up than that. I remember taking a case of Cartier to a magazine for a shoot... the insurance documents were fascinating. Ticket price vs what they were insured for were eye-opening, and they weren't under-insured.
Good video. More industry practice videos would be great. Let’s hear the truth. Many “games” played in this industry. Collectors should be informed and buy with their eyes open.
Fed, with high quality brands like Rolex, is there a downside buying from the grey market when the watch is unlikely to fail in the first two years? Worst case scenario, you can pay for a service so you'd just factor in the service cost when considering a grey market watch.
LiquidSm0ke that's what I tend to do when the price difference is $1k or lower. The other challenge is then availability of the right models at the AD. Down here in Aus, even getting a SS/WG DJ with a blue dial isn't that easy.
One of your better videos. I thoroughly like insider business content and would be interested in more granularity, such as which brands sell at deeper discounts (I know which they are), but more importantly what drives this, consumer psychology, brand equity, supply/demand etc.
I just found your channel I'm new in messing around with watches I'm saving my money now to get into watch collection or watch hobbyist I don't even know what to call it but I enjoy your channel and I like to know how slimy the ads are and and what they do and if I should go to an eight day to get a my first watch or gray market things like that I'm doing my research and I find you very educating thank you
From reading on the various watch channels, this is a touchy subject.. I would try AD first, but if the price difference including sales tax is significant, I would buy from a legit grey market dealer. I have heard something like if you save over I average repair (or what would have been covered) go for it. Also have heard of some grey market companies who have had the original AD sign the warranty card. I've been on and off looking at a Speedmaster, always wanted and never could afford (or willing to spend for it) if I can save a good chunk of change, I would do it. Not looking for special editions, or an investment but something I want to wear and enjoy. I also prefer new over used. I will not mention other stores of respect to you. But if ever was looking at a late clean Omega and visiting Florida I would stop by. In saying that if it only came to a few hundred on a $7K watch, going AD. If more going grey. Excellent explanation of the market.
It seems that the grey market is a natural correction of the fact that a) the brands want to keep tight control of their distribution channels, b) they overestimate how many watches they can sell via that distribution chain, c) they pass the burden of these decisions on ADs. For someone who buys a watch that's serviceable by a 3rd party and who simply wants to wear the watch without contemplating resale going grey might be a good option.
Excellent video, great insight on the industry and glad you touched on the domino effect of brands leaving dealers. Hope for more of these industry video's!
Grey market products usually do not come with a valid guarantee. The guarantee costs money. If this isn't a big deal then what the heck eh? Usually the aftermarket warranties are BS.
Great video Fed. I wonder how Costco gets top end watches like Rolex, AP, Cartier etc? Do they buy them directly from AD’s or even large grey market dealers?
Heyo quick question what does this mean for watches only being sold boutique-only? Will the brand still dump these onto grey market dealers after some time sitting as inventory in the boutique?
I appreciate your explanation, sir; however, it was not difficult to understand. And yes, the more insider information I have, the better I like it. So, please, keep making these inside-information videos.
Federico, I thought you did a very nice job of explaining this topic. However, one thing you may have forgot to mention is buying from an AD vs. gray market and the effect it has on the warranty. Also as a possible topic for another video can you explain how the price of a preowned watch is determined on the secondary market?
Hi. I’m really interested to buy breitling super avengers blackbird 44 from gray market. Was told the movement, the inside of the watch all authentic, but casing not 100% authentic. Should I buy?
I’m really new at this but can anyone advise me cheaper to buy a Rolex Submariner brand new or used ? I do understand that vintage watches can command a high price in the used market but not the modern issues.
This is the best explanation of the grey market I have ever heard. Also, it's nice to hear this from the perspective of someone who isn't lobbying on behalf of manufacturers against consumers availing themselves of the deep discounts to be found in the grey market.
Fed, great video...please do more vids on the industry! Thanks!!
Will do my friend.
Yes! Please more industry insider vids.
Yes.
That "give me those 20 watches that don't sell well and 3 Daytonas" is pretty much in line with what I experienced when I was working in the music and media industry - the "ask" is just reversed. Radio stations want to broadcast big name artists before anybody else ; record labels allow them to, but only if they broadcast smaller artists from their roster as well. Super interesting and insightful, thank you! (Edit: by the way, none of this was confusing... it was crystal-clear!)
FINALLY someone explains how these GM dealers buy their watches. I’ve been through many vids declaring how to approach the business, but they never go over how the inventory itself is acquired. Thank you!
You are a respectable person that tells the truth , I learned alot from you , all the best merry xmas
U
Wasn’t confusing at all. Very informative and educational. Thank you taking the time and effort to post.
well said federico and stop saying its confusing,it is not after you explained it.......that was very informative and we are waiting for new videos about the watches industry.thank you
I happen to live near some industrial parks that have yards full of unsold new cars. There are rumours that the cars eventually get scrapped. Something similar happens with new fashion clothing that doesn't sell - it gets destroyed rather than being allowed to be sold on the market at a discount where it might bring prices down. Thank goodness there's a grey market for watches and perfectly nice, unworn Omegas and Breitlings aren't getting smashed to maintain scarcity/high prices
Great vid, as a watch enthusiast, business major, and retail employee, this hits me on all levels. Please make more vids on AD's and the industry in general.
With the exception of Rolex, (maybe Patek, but that is out of my price bracket) it is very hard to understand why anybody buys from an AD. The 30 minutes you spend in the AD being complemented by the staff can literally cost you thousand of dollars.
It would be cheaper to hire an actor to pick up your watch from Fedex, hand deliver it with white gloves, set and fit the watch, and spend half an hour telling you how handsome you are.
Del Corbett That last part is very important: you can price haggle with ADs. You can’t do that online.
You can offers a price on a few online sellers these days. I did it with a navitimer going for 6k I hit the make and offer at 5k and they excepted it. I ultimitly backed out when they couldn't tell me how old the watch was. I got the impression they were getting the watch from a third party.
With exception of Rolex I have always received a good discount with AD. The recent exception was the IWC boutique in Dubai, so I went to an iWC exclusive AD in another mall and got the discount I wanted. The next upside is with the AD duty free, combined I have been able to buy some new pieces at ‘unworn’ nearly new prices on the internet. Then of course you can get the nice services and some goodies too 😁
With regards to Warranty not buying from an AD will not void the warranty or prohibit you from the warranty. Hi The warranty lies within the Watch not from where you buy it. U.S. laws prohibit practices like this.
@@FutureWarlordOfHomestead Who cares about warranty? If I am saving two or three thousand dollars (or more) on the purchase price, let it break, I'll have it fixed for a thousand bucks and still save money. I never once thought about a warranty when buying a grey market watch. In fact, if you are spending $10k on a watch and have to think about what a repair may cost, you can't afford the watch.
This is good to know, I was looking at an Omega and the AD hinted at a 10% discount, I know I can get it at the airport for 15% less. I guess I can be a bit pushier when I go to make my purchase knowing they have a bit more wiggle room
Thank you for the information
I just bought a tag Hauer Formula One watch from a grey dealer I got a great price part of me was thinking is it real or fake but now listening to your video puts me at ease that I just got a great price! Thank you
Complex issue simply explained! Thanks Fed.
It wasn't confusing at all Frederico...I think other retail businesses sometimes suffer the same problems, there's always wheeling & dealing going on...thou your little packages can be quite pricey...you did a great job of explaining...
Thank you for clearing that up. I've always wondered how that was possible - selling at huge discounts. One question if I may. On Chrorno 24, what is the difference between new and unworn watches?
100% makes sense. Not confusing at all. You explained it perfectly. Its business 101.
These watches are not coming off the back of a truck to fill the entire grey market.
Manufactures, ADs, Distributors are making and selling new watches.
Not hanging onto old stock that goes down in value.
the 2018 model was replaced by 2021 model. is the AD going to have the 10 2018 models in the showroom?
ADs want the latest models on display.
Grey market is where 4-10 year old models go to get sold.
Very nice video my friend I just bought a Brietling 46mm navatimer Bo1 movement with exhibition back for $6200.00 new from watcmaxx free shipping no tax the same model at lux bond and green is $10,050.00 now I understand how they sell so cheap, thank you every one thought I was getting fakes from china.
SIR Federico, this is TOP 3 BEST VIDEOS YOU EVER MADE ... this is something that 97% of dealers wanna keep behind the curtain 🤭🤭🤭FANTASTIC VIDEO 🔥
Thank you my friend. I mean I didnt really provide any secret information, I think if anyone really studied the situation it would be pretty clear. But i really appreciate that you enjoyed it my friend. Cheers!
Fed, every horological enthusiast youtube channel brings something of themselves to a perspective audience. What you bring is honesty, integrity, & industry insider insight. Not only should you continue to produce videos with said ‘insider info’ but you should make it constitutive to future content. IMHO.
This is a very good explanation and not confusing at all unless one misses half their brain. Thank you!
Wow! I just received a Luminox watch that I verified was authentic, but I was confused as to how I was able to buy it at such a discount from an online retailer. This video was outstanding, explaining the various ways that the gray market can sell authentic watches at discounts. Thank you for spelling this out in simple, easy to understand terms.
This is the kind of videos that are really worth watching. Great vid Federico.
I found it very useful and just subscribed. It really wasn’t hard to follow. I think you are underestimating the intelligence of your viewers. Thank you
Good informative video , I just purchased a Omega Seamaster from my local AD at 34% off retail the watch was $8000 new and it came with Omega 5 years warranty as well the AD was no longer being Omega dealer and was very aggressive with prices , but I always wonder how come the Graymarket never offers warranty through the original manufacture but they offer their own warranty which I’m not a big fan off ?
Very well explained. I imagine if you clicked on this video you had a few notions on how it was done so all we needed was a clarification not a back to basics instructional. Great job!
thanks for the industry insight, not far from other mass market retail products
You are right on alot of points, I am in the Cosmetic industry and I buy up out of season inventory and distribute it at lower prices to resellers. Still one needs connections to the brands and suppliers to get stock.
Thanks I've been purchasing on the gray market for a while. Now I understand
I'd really like more from the inside. This was really informative!
Great video. Best part is not passing judgment on the issue, like most do! Let the people be informed and decide on their own.
Federico..your best video ever!! It will help us watch buyers to know how far we can push a discount when face to face with an AD. Knowing these margins and some clever observation of their body language and i bet most ADs will discount more than most people think. I bet the ADs dont like Federico talks Watches!!
Thanks for the industry insight. I know you can't be winning over friends in the retail world w/ the this video but trust me, we (consumers) appreciate it.
Had to FF to the 2:00 again b/c that's how long it takes you to get to the issue at hand...
Excellent explanation bud,. It wasn't confusing and your explanation was very thorough.
I was raised in the "sales" world. Going into an AD, I'm asking for at least 30%. Sometimes the store gets their feelings hurt and they lose a sale. When the AD plays ball, I happily purchase on the spot.
Once I found out about VAT refunds, I don't even purchase state side anymore. I get the AD discount in Europe and most shops will refund my tax on the spot either by an application of additional discount or cutting me a check. I've done the refund at the airport once and it was a nightmare, so I'll never put myself in that position again.
You keep saying it was a confusing video but honestly the way you explained it was very easy to follow. More industry videos would be awesome
Great insight into the inner workings of the induatry
Great topic. I didn’t find it convoluted.
It’s basically about money.
I’d love to know more insider stuff like this -
like which grey market dealers to trust.
Thanks for posting!
Very informative and something every collector should know. Thank you for sharing!
great explanation, glad it comes from someone who worked in the watch industry and a lot of what you are saying makes financial sense and is similar to what clothing companies do
your comments are like a breath of fresh air
Hey fed, all the watch channels ( your by far my favorite) always mention how to buy a watch the correct way, but most people don’t know what that means, so if we can pls get a video on that topic it would be awesome. Thanks a ton for all the videos
Hi sam,
Sure, I will make that vid, thanks for the kind words and useful idea.
Federico Talks Watches thanks so much
The best video on watches I have ever viewed. I have been a collector for less than 10 years But I just learned a whole bunch of great shit from you right now. Thank you.
Very informative, Federico. Thank you. No, it wasn't confusing. Not because the subject matter isn't confusing, but because you explained it well.
very interesting, educational above all thanks Federico
This was very useful and informative. Thanks.
Bought a fresh new Omega AT 150m, newest model, for $3575 on Jomashop. It retails for $5500. Basically, 65% off. It won't lose much value from $3575. I feel I made a good purchase.
You got 35% off. Not 65%.
You did a great job explaining the topic.
Very interesting Fed, a bit of an eye opener regards margins. Just goes to show on weaker brands haggling is the only way. Sometimes a crazy low offer is going to be tempting to ADs if they need to hit their targets, what has anyone got to lose?
More content like this please, makes a refreshing change from same old same old watch reviews elsewhere.
Federico thank you. The brands and the business director live on quotas. Either you reach the forecast or you look for a new job. Anyhow the grey market lives on opportunities and customers. At the end of the day people buys from people. Give a good service and conquer your custoners and market. I took a picture at multi brand dealer in Hawaii put it on a Facebook group, and got lots of negative comments about their customer service. Aloha!!
Really appreciate it.
More of these insider video please.
Fed, think you explained it so well and not fuzzy or confusing so really great video super informative and spot on!
Great information about were the Gray Market dealer get their watches. Nice to know that the profit marin of the AD is between 37 to 50%.
AD's are like car dealerships.
basically.
You think Rolex ADs are selling to their mates at the moment to make some extra cash on the side??
@@FedericoTalksWatches no AD's are worse there is not 37%-50% mark up on a vehicle lol
Nice. I had bought a nice watch from Jomashop and thought afterward if I got ripped off. You just educated me..nice content.
I'm looking at buying a Tudor Black Bay 36 from Jomashop for 500.00 ish off msrp. However, they're not in stock. If grey market is buying overages, why is there a 4-8 week wait time? Fantastic video by the way.
This is a true learning channel for people such as myself getting more insight into watch 🌎.
This is really terrific work Fed! Thanks for the insiders’ take on all of this.
Very informational video thank you it definitely explains a lot about the gray market area which is confusing and you did break it down very good keep up the good work my man. Another Avid watch collector
I found it a good video Fed. You have this experience, that is why you have so many subscribers. I would like to see more industry insider info.
37% for an AD, the manufacturer is making far more mark-up than that. I remember taking a case of Cartier to a magazine for a shoot... the insurance documents were fascinating. Ticket price vs what they were insured for were eye-opening, and they weren't under-insured.
Good video. More industry practice videos would be great. Let’s hear the truth.
Many “games” played in this industry.
Collectors should be informed and buy with their eyes open.
You have done a marvellous job explaining how it all works! Thank you! ;) It actually makes sense now!
Great explanation thanks Federico.
Fed, fab video, great insight into industry... love to see more of them in future...keep it up
Always wondered about that, makes sense now, thanks!
Great video. The watch business sounds absolutely brutal to me!😱
I loved this video. It offered a great insight into how the relationships between the ADs and manufacturers work. More please!
thanks for the rundown. Your explanation was not at all hard to follow. Made perfect sense.
Federico, this is a great video! Keep up the good job bro!
Thank you for the video. I for one do enjoy the industry insider videos.
Very enlightening and well explained. Good vid!
Great stuff, thank you! It is always good to understand the dynamics of the industry.
Thumbs up for another great video Federico, thanks for the insight! More insider vids on the industry would definitely be appreciated.
Very insightful information. Thanks Fed. You provide real value here.
Fed, with high quality brands like Rolex, is there a downside buying from the grey market when the watch is unlikely to fail in the first two years? Worst case scenario, you can pay for a service so you'd just factor in the service cost when considering a grey market watch.
thefreshestprince89 I’d just pay the extra couple hundred for the ad just in case
LiquidSm0ke that's what I tend to do when the price difference is $1k or lower. The other challenge is then availability of the right models at the AD. Down here in Aus, even getting a SS/WG DJ with a blue dial isn't that easy.
Ad are cheaper for Rolex
thefreshestprince89 wow
Fed - love the business side content; would love to hear/see more!
Very informative, thanks for posting.
One of your better videos. I thoroughly like insider business content and would be interested in more granularity, such as which brands sell at deeper discounts (I know which they are), but more importantly what drives this, consumer psychology, brand equity, supply/demand etc.
I just found your channel I'm new in messing around with watches I'm saving my money now to get into watch collection or watch hobbyist I don't even know what to call it but I enjoy your channel and I like to know how slimy the ads are and and what they do and if I should go to an eight day to get a my first watch or gray market things like that I'm doing my research and I find you very educating thank you
Great video. It helped me better understand how things worked
From reading on the various watch channels, this is a touchy subject.. I would try AD first, but if the price difference including sales tax is significant, I would buy from a legit grey market dealer. I have heard something like if you save over I average repair (or what would have been covered) go for it. Also have heard of some grey market companies who have had the original AD sign the warranty card. I've been on and off looking at a Speedmaster, always wanted and never could afford (or willing to spend for it) if I can save a good chunk of change, I would do it. Not looking for special editions, or an investment but something I want to wear and enjoy. I also prefer new over used. I will not mention other stores of respect to you. But if ever was looking at a late clean Omega and visiting Florida I would stop by.
In saying that if it only came to a few hundred on a $7K watch, going AD. If more going grey. Excellent explanation of the market.
I actually think it is very well explained, thanks Federico, keep up the awesome vids.
It seems that the grey market is a natural correction of the fact that a) the brands want to keep tight control of their distribution channels, b) they overestimate how many watches they can sell via that distribution chain, c) they pass the burden of these decisions on ADs. For someone who buys a watch that's serviceable by a 3rd party and who simply wants to wear the watch without contemplating resale going grey might be a good option.
Excellent video, great insight on the industry and glad you touched on the domino effect of brands leaving dealers. Hope for more of these industry video's!
Grey market products usually do not come with a valid guarantee. The guarantee costs money. If this isn't a big deal then what the heck eh? Usually the aftermarket warranties are BS.
A really useful video, Federico! Thanks a lot!!
Excellent explanation. Very eye opening.
Great video Fed. I wonder how Costco gets top end watches like Rolex, AP, Cartier etc? Do they buy them directly from AD’s or even large grey market dealers?
They buy them from gray market dealers usually.
Quality content, Frederico That was one of the useful videos I recently saw on yt. Please keep up the great work!
Yes, more industry insider videos. Thanks!
Heyo quick question what does this mean for watches only being sold boutique-only? Will the brand still dump these onto grey market dealers after some time sitting as inventory in the boutique?
Thanks Fed! Love the insider info! Will help me be a better consumer.
I appreciate your explanation, sir; however, it was not difficult to understand.
And yes, the more insider information I have, the better I like it.
So, please, keep making these inside-information videos.
Federico, I thought you did a very nice job of explaining this topic. However, one thing you may have forgot to mention is buying from an AD vs. gray market and the effect it has on the warranty. Also as a possible topic for another video can you explain how the price of a preowned watch is determined on the secondary market?
That is for you to look into with the specific manufacturer
Hi. I’m really interested to buy breitling super avengers blackbird 44 from gray market. Was told the movement, the inside of the watch all authentic, but casing not 100% authentic. Should I buy?
Not confusing at all, nicelly explained.
Not confusing at all! Great video! Thanks for sharing.
Excellent video, Federico! More like this please.
Great video. I appreciate your industry insider knowledge you are willing to share.
Best explanation ever. Thank you so much federico
I’m really new at this but can anyone advise me cheaper to buy a Rolex Submariner brand new or used ? I do understand that vintage watches can command a high price in the used market but not the modern issues.
One of the most interesting videos! Thank You, Federico!