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.
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!
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!)
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.
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!
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?
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.
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 ?
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
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'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.
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
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
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.
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.
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.
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?
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 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.
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...
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.
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
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?
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 saw one on eBay today a Rolex president white gold 118239 circa 2005 - 2006 in "like NEW PERFECT" condition for $15,990, what do you think, Federico, a good buy or too expensive for a used watch? Thanks
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.
Hi, I just have a question. Does it comes with an authenticity card when you purchase a Rolex or and Omega watch form Jomashop? And do you happen to know if you can have it authenticated in Rolex's shop even though you purchase the watch from Jomashop?
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.
Hi Fed, should I be worried in case I buy from a gray market dealer and I have warranty issues? From what I heard, one does not get a full manufacturers warranty(i.e Jomashop).
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!
Is it worth venturing into grey market and NOT getting a manufacturers warranty to save money? Especially when the dealer/seller will warranty the purchase them self, and you do not know who may repair your watch if needed? Thanks for info.
You most likely need to have contracts ready with Authorized dealers or a mutual connection to get you first in line when they need things gone. It's not a business most can do, Authorized dealers most likely already have their ties.
I enjoyed the video. I'm looking to by a new Omega. Where is the best place for me to buy. Authenticity and price are very important I am a somewhat new collector and could use some advice. Thanks.
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
Very interesting and confusing, but that’s okay. I have a question for you that hopefully you can answer. I have my eye on the Omega Seamaster 300 dive watch. It’s 300 meters equal to 1000 feet. Just like let’s say a Rolex. Why would they put a Helium Escapement Valve on the Omega and Rolex doesn’t have one and they are rated the same. Is it really necessary? I look forward to hearing from you. I also enjoy your videos.
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.
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
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.
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
The most confusing thing about the grey market is online stores like jomashop changing their "retail price" to constantly change their "discounted" prices even though the prices are the same.
Sounds pretty obvious, the car market is the same and pre-reg cars or sold through hire companies is common - BUT why is it that sometimes grey market watches can't be registered and why won't manufacturers take grey market watches back for servicing?
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.
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!
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!)
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.
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!
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.
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?
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.
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 ?
You keep saying its confusing, its not.
Exactly what i was thinking throughout the entire video 😂 "its tricky"!
He's probably thinkin of all the stuff in his head that he's not sayin when he says that.
confusing to..... him
For such a big head, he sure must have a small brain
I agree, but he explains it well for us new watch enthusiasts.
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
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
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
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'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.
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
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
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.
Thank you for explaining. Have you bought from Jomashop? Are they reliable and are the items authentic?
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
Complex issue simply explained! Thanks Fed.
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.
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.
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%.
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.
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...
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.
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
This was very useful and informative. Thanks.
thanks for the industry insight, not far from other mass market retail products
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?
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?
very interesting, educational above all thanks Federico
I'd really like more from the inside. This was really informative!
Fed, think you explained it so well and not fuzzy or confusing so really great video super informative and spot on!
Very informative and something every collector should know. Thank you for sharing!
Is buying a used Cartier Quartz Tank Francaise used for $1,500 a good price? (Mid 90’- to 2000’s)?
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 informative, thanks for posting.
You did a great job explaining the topic.
I saw one on eBay today a Rolex president white gold 118239 circa 2005 - 2006 in "like NEW PERFECT" condition for $15,990, what do you think, Federico, a good buy or too expensive for a used watch? Thanks
This is the kind of videos that are really worth watching. Great vid Federico.
Great video! Where do you think we could have a bigger discount for a given Swiss watch, from an AD or from brand’s owned store?
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.
Hi, I just have a question. Does it comes with an authenticity card when you purchase a Rolex or and Omega watch form Jomashop? And do you happen to know if you can have it authenticated in Rolex's shop even though you purchase the watch from Jomashop?
Nice info, do you know anything about luxe ware (HK) limited?
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.
Great explanation thanks Federico.
Nice analysis!
Excellent Vid. No offense Fed. What is the typical markup in the used watch business. 5- 20 % ? You buy for 50 % off retail and markup 20%. A fan .
its typically 5-30%
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.
Always wondered about that, makes sense now, thanks!
Hi Fed, should I be worried in case I buy from a gray market dealer and I have warranty issues? From what I heard, one does not get a full manufacturers warranty(i.e Jomashop).
You do, and also you're buying an outdated watch, so don't get too picky.
You have great content sir! Very helpful. Thank you.
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!
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
What is the Dealers margin on Oris Watches and how much discount should someone be able to get in a AD? Thanks
I loved this video. It offered a great insight into how the relationships between the ADs and manufacturers work. More please!
Is it worth venturing into grey market and NOT getting a manufacturers warranty to save money? Especially when the dealer/seller will warranty the purchase them self, and you do not know who may repair your watch if needed? Thanks for info.
Really appreciate it.
More of these insider video please.
its better to clear out inventory than destroy thebproduct like cartier
Cartier no longer destroy it, they recycle.
A really useful video, Federico! Thanks a lot!!
Hi Federico. Great video. I have a question. Is it reliable to buy online on jo,a shop? Would you trust it?
Great video . Informative.
Very enlightening and well explained. Good vid!
Hi everybody. What about waranty? I have heard that buying on the grey market, won't give you official warranty.
how can i buy a watch before it hit the gray market and getting the same price the gray market initially paid for.?
You most likely need to have contracts ready with Authorized dealers or a mutual connection to get you first in line when they need things gone. It's not a business most can do, Authorized dealers most likely already have their ties.
Excellent explanation. Very eye opening.
Very insightful information. Thanks Fed. You provide real value here.
Wonderful video! Thanks for sharing the info.
Any opinion of Revue Thommen Airspeed? They seem to have flooded the grey market as the discounts seem to be pretty steep.
Awesome video ,thanks for the explanation.
This is really terrific work Fed! Thanks for the insiders’ take on all of this.
Great video. Best part is not passing judgment on the issue, like most do! Let the people be informed and decide on their own.
I enjoyed the video. I'm looking to by a new Omega. Where is the best place for me to buy. Authenticity and price are very important I am a somewhat new collector and could use some advice. Thanks.
Fed, fab video, great insight into industry... love to see more of them in future...keep it up
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
Fantastic video! Thank you .
Quality content, Frederico That was one of the useful videos I recently saw on yt. Please keep up the great work!
Very interesting and confusing, but that’s okay. I have a question for you that hopefully you can answer. I have my eye on the Omega Seamaster 300 dive watch. It’s 300 meters equal to 1000 feet. Just like let’s say a Rolex. Why would they put a Helium Escapement Valve on the Omega and Rolex doesn’t have one and they are rated the same. Is it really necessary? I look forward to hearing from you. I also enjoy your videos.
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.
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
Excellent and informative video
I need advice where to purchase a date sub?? I live in Atlanta but a plane ticket is cheaper than paying full price!
you didn't talk about how it is that the gray market is full of hard to fine watches from dealers Daytona, royaloak, nautilus ext??
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.
Awesome video, very educational!…Cheers!
Please discuss affordable watches too. I would like your opinion on Fortis like Fortis flieger and also German brands..affordable ones that is.
Great video. It helped me better understand how things worked
This is a true learning channel for people such as myself getting more insight into watch 🌎.
Great Video.. how come Jomashop has every Rolex including Sub, GMT, Daytona, Sea Dweller while the AD is waiting for months to get one...
True, but right now Joma is selling Subs above retail. That's the extra price you pay for getting one now.
I wouldn’t buy from Jomashop - too many horror stories.
@@Archer335 I've bought a few watches from them, no issues on my end.
PantsofVance,
You’re apparently one of the lucky ones. I won’t be taking any chances. There’s no point. There are plenty of online sellers.
@@Archer335 I have bought 5 watches from jomashop no problem. Some of those horror stories are written by AD's trying to keep you from a discount lol.
Amazing insights. Very helpful and entertaining.
Best explanation ever. Thank you so much federico
Great info Fed, highly appreciated
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
The most confusing thing about the grey market is online stores like jomashop changing their "retail price" to constantly change their "discounted" prices even though the prices are the same.
Sounds pretty obvious, the car market is the same and pre-reg cars or sold through hire companies is common - BUT why is it that sometimes grey market watches can't be registered and why won't manufacturers take grey market watches back for servicing?