Always appreciate the candor, Fed. Your industry insight is honestly the main reason I've stayed a subscriber of your channel for so long. It's great 👍
I’ve pulled the plug on ordering my Omega 300m until the discounts come back. I’m not paying more than friends have for the same product , and I’m not desperate for a watch
@@PepRex I’ve got a while 😃 I think the drama with Rolex will change when they open the boutiques and close the majority of the AD’s and supply might change , that might affect the whole luxury watch market. It’s just a fun game , certainly not worth losing sleep over
My local AD routinely keeps his more aggressive discounts to in-store only - not online - as the manufacturers / reps kept checking his online prices and pressurising him to remove discounts. Not sure how he conceals in person discounts but that's what he says he does.
Your channel is invaluable Fed! Thanks for all the info you provide. I'm in finance, not the watch industry, but all of the "inside baseball" of the watch industry is interesting to follow.
You're honesty about how the market works and telling it like it is.... rare... much appreciated... I think you could even add TAG to the list... their new offerings have dried up on the Grey Market the last few weeks... JOMA has none of the new Aquaracer and when they did the discount wasn't huge on the Silver or Blue Dials... black yes...
Thanks for the heads up. I've been planning on pulling the trigger on a IWC perpetual calendar 42mm probably the stainless steel. If I understand you right I should keep my powder dry until after Christmas. Not a complete Breitling Fan Boy but I like that Mr Kern is cracking down a bit I think Breitling has to rebuild it brand a bit to stay on step with their competitors like omega and Tudor.
I am not a fan of Breitling, although I got the SuperOcean Heritage 2 a few months ago and that watch is absolutely gorgeous, I wear it more than SMP300 (which I also like a lot). The brand has to stand up because it delivers good quality.
@@diavalus 🤔 I brought the Super Ocean Heritage II also two years ago black with red gold on the rubber strap. It's stunning 😍 Wear yours in good health.
I have to say Fed I think this is a good thing. We had a charity bake sale at work a few years ago and I made brilliant Oreo bun cakes they were brilliant. I dropped them off at the stall and told the sellers I didn't want my brand devalued so they weren't to be sold on the cheap. Imagine how annoyed I was when I walked along an hour later to find them flogging in their "any 3 cakes for a pound deal"
i recently purchased back in september a 42 mm breitling super ocean 42 mm with the white dial and blue bezel on a cruise ship. i had my eye on that particular model for awhile and on the cruise ship, no tax, and i got a 15% discount. i paid less new then i see them selling used.
I just bought my first Breitling , I also got a SO 42 but in black on the rubber strap, I also got 15% but I did have to pay sales tax so not quite the deal you scored but I am still very happy :-) Absolutely love the watch.
@@Johnny641 I also paid full retail for my SOH2, but I don’t regret it a second. I fell in love with it right away and I just wanted to be mine, I couldn’t care for a discount. Enjoy yours!
It looks like most of the luxury brands are cracking down on discounts. I was at an AD a few days back today is March 27 2022 and I was looking at buying a Navitimer they had on display. I asked what is the discount I was told no discount Breitling is not allowing AD's to discount. He told me same with Tudor the few he had and even Tag. He told me no inventory and that all luxury brands were following Rolex discount policy. I was also at Mayors here in Tampa 3 weeks ago, asked about discount on Omega Speedy. Was told sorry Omega is not allowing discounts to customers. They did not have a big inventory on Tudor, Omega, Cartier and yes No Rolex on display.
Fed, so happy for you for your weight loss. How much did your weightloss affect your wrist size? Did it require to just fiddle with microadjustments, or did whole links need to be taken out? Did big dial watches seem to look too large for your wrist all of a sudden?
To be honest, I'm reluctant to buy from other FL dealers because I know I can trust Delray (thanks in part to the candor I hear in these episodes). Enjoyed this. (Looking good, Fed!)
This is a big help, thanks Fed! Seems like I'll be delaying my next watch purchase till after the new year. It's unfortunate, but, it will be worth the wait.
Until about 2 months ago, my local Omega boutique would offer %15 discount right off the bat on any watch. I got a call from them 3 days ago for the new Speedmaster Chronoscope and despite being a long time customer the refused to give me the %15 discount. Lets see how long they can keep without giving discounts.
Walk away a recession and higher inflation is coming in the new year. As Fed said the watch market is hot 🔥 now, but it will cool off next year. Don't buy into the heat
@@Omega34685 in this case your probably right the watch isn't ridiculously expensive and it is approaching Christmas and presents are nice. Especially new watches on one's wrist for the holiday parties 🥳
I’ve just pulled the plug on ordering a 300m for this reason. They need to sell watches…..I don’t need a watch. I’d just like one. I’ll be here if I don’t buy one, they’ll go bust if they don’t have customers. It will come back
I tried to get a discount off an Omega and a Montblanc last week in Vegas. I couldn't get a discount and their cases were full unlike Rolex. I was dealing with a young saleslady in the Omega store but she said she couldn't give me a discount and I don't think she had the experience or discretion to do so. I have checked Delray Watches for the Montblanc Geosphere.
I can walk to an Omega AD near my house & buy whatever i want including the latest 007 watch. But Zenith is showing some empty cases & the Defy line is now a waiting list.
Federico, great advice on the current state of the watch market, and why it makes sense to buy from Delray Watch. One question that I would like you to clarify. Obviously there are Authorized Dealers, but I am also hearing there are distributors. Do the manufacturers ship to the distributors which then ship to AD's, or are the distributors in essence the Ad's who ship to outlets like Delray watch? Thanks for clarifying.
That's the very reason I buy direct from bespoke watch makers especially from German hand crafted watch makers... I don't want to wear watches from companies that make and sell 820,000, 100,000 or 60,000 watches a year giving them silly pet names that another people also have. It made sense buying them 30 years ago, not now.
They don't want to make discounts and they are increasing prices (Omega is shifting right into luxury), but salaries are stagnating... something is going wrong out there
@@mountainhobo Yes, when food inflation really starts to kick into overdrive on top of higher energy prices, the Keeping with the Kardashians crown will be going bankrupt en masse. A new Sub will be the very last thing on their minds. Plus the repo of the 7-series BMW with the 60-month term lease. Insane times we live in now.
Come on Breitling. There's no way I'm paying MSRP for a Superocean when I can get the same movement in a Tudor and have an extra ~1200 in my wallet. Even Omega, I can't fathom paying MSRP for them. I'm used to discounts on those two brands. IWC and Tudor are two brands I'll accept small or no discount. Otherwise, no I'm probably going to walk.
Omega won’t be offering discounts at all. They’ve seen how it devalues their brand perception and second hand values so get used to it. It does mean second hand values will be higher though because people will be no longer thinking I can get one a good bit cheaper than retail so you may have to pay retail but it’s worth more second hand. People are paying silly prices and behaving like their life depends on getting a Rolex so why would Omega give you a discount? Lots of people are moving on from Rolex as it’s all a bit sad now and Omega are doing very nicely out of it. The best way to save money with watches is to just have one nice watch and don’t buy anymore 👍🏼 just watch all the silly “ how to get this watch at retail “ videos and don’t take part.
This whole watch collecting hobby has gone way too far. We appreciate watches, buy at the end of the day, they're just watches - there's no reason why one should overpay for anything, and that includes watches!
I worry that Rolex might be influencing other brands to shun you because you speak the truth about the Rolex bubble. And if they are, I hope it's happening publicly enough that what goes around will come around. Bless you, my friend. Be well.
Greetings from Dubai Hey Omega You ain’t Rolex. That boat sailed when you decided to have a tsunami of models of every single theme we like. From James Bond to Moon watches to Olympics It’s like Apple vs Samsung. I bet even Samsung doesn’t know how many models they make
Salman, Do the Rolex AD's or Boutiques have Rolex watches in their showcases in Dubai? I am asking because in the United States there are mostly empty showcases except a Cellini or womens' model in the AD's showcases.
Wait to see if Evergrande collapses and as a consequence the entire Chinese property market goes into the toilet setting off a worldwide chain reaction. Getting the hottest watches might not be such a high priority in this scenario.
It wont, they will get the support they need to avoid a crash. But a crash will happen sooner or later (worldwide, like 2008), the question is only when. I don't think it will be very soon, we still have some years to go.
@@Raph.Bogaert We will have to see, but the whole property sector in China is on very shaky ground and the less said about the artificially inflated US stock market the better.
You will think the introduction of smart watches with decrease the sales of traditional watches, but it went way up. You know what it is. Watch collecting. Before most people have only one watch, but a person collecting watches can easily have 20 watches each.
![30 ชั่วโมงคนเดียว บนรถไฟชั้น 3 โซเวียต [Around The World Ep. 2]](http://i.ytimg.com/vi/MlE9boAVqDA/mqdefault.jpg)
Always appreciate the candor, Fed. Your industry insight is honestly the main reason I've stayed a subscriber of your channel for so long. It's great 👍
I’ve pulled the plug on ordering my Omega 300m until the discounts come back. I’m not paying more than friends have for the same product , and I’m not desperate for a watch
Wish you the best!
The problem is they might not cool down to the level your friends bought them for. There are discounts out there, just keep looking and be patient.
@@nikomos6276 yes definitely, I’m in no rush 😀
@@PepRex I’ve got a while 😃 I think the drama with Rolex will change when they open the boutiques and close the majority of the AD’s and supply might change , that might affect the whole luxury watch market. It’s just a fun game , certainly not worth losing sleep over
Just that Omega might increase their prices every year and you be back square one
Frederick, as always - very useful. I guess some of the brands hate you for that. But I appreciate that you serve your customers with honesty 👍
Federico: I've only sold like 2 Hublots.
Nico: That's 2 too many mate! 😂😂😂🤣🤣🤣🤣
It’s really nice when someone is up front about how it works
Fed is really losing weight....wtf...doing great, mate...
Thank you for another fab video Federico! I so appreciate your industry insight! ❤️✨ always learn something watching your videos.
It seems they’re all cracking down. Prices in the gray market are almost the same as the ADs. I’m still rarin’ to get a JLC Reverso, though ⌚️🤔🧐
My local AD routinely keeps his more aggressive discounts to in-store only - not online - as the manufacturers / reps kept checking his online prices and pressurising him to remove discounts. Not sure how he conceals in person discounts but that's what he says he does.
Probably can typically smell out a secret shopper.
Looking good fed. Stay healthy and thanks for sharing your insight.
Your channel is invaluable Fed! Thanks for all the info you provide. I'm in finance, not the watch industry, but all of the "inside baseball" of the watch industry is interesting to follow.
You're honesty about how the market works and telling it like it is.... rare... much appreciated... I think you could even add TAG to the list... their new offerings have dried up on the Grey Market the last few weeks... JOMA has none of the new Aquaracer and when they did the discount wasn't huge on the Silver or Blue Dials... black yes...
Awesome input. I’m going cheap this season…..closing my purse strings and waiting for Spring sales.
Thanks for the heads up. I've been planning on pulling the trigger on a IWC perpetual calendar 42mm probably the stainless steel. If I understand you right I should keep my powder dry until after Christmas.
Not a complete Breitling Fan Boy but I like that Mr Kern is cracking down a bit I think Breitling has to rebuild it brand a bit to stay on step with their competitors like omega and Tudor.
I am not a fan of Breitling, although I got the SuperOcean Heritage 2 a few months ago and that watch is absolutely gorgeous, I wear it more than SMP300 (which I also like a lot). The brand has to stand up because it delivers good quality.
@@diavalus 🤔 I brought the Super Ocean Heritage II also two years ago black with red gold on the rubber strap. It's stunning 😍
Wear yours in good health.
@@robertsullivan4773 thank you, I wish you the same!
Excellent video, Fed, thanks a lot for your openness! Best regards from good old Germany 🇩🇪
I have to say Fed I think this is a good thing. We had a charity bake sale at work a few years ago and I made brilliant Oreo bun cakes they were brilliant. I dropped them off at the stall and told the sellers I didn't want my brand devalued so they weren't to be sold on the cheap. Imagine how annoyed I was when I walked along an hour later to find them flogging in their "any 3 cakes for a pound deal"
i recently purchased back in september a 42 mm breitling super ocean 42 mm with the white dial and blue bezel on a cruise ship. i had my eye on that particular model for awhile and on the cruise ship, no tax, and i got a 15% discount. i paid less new then i see them selling used.
That’s a gorgeous watch
I just bought my first Breitling , I also got a SO 42 but in black on the rubber strap, I also got 15% but I did have to pay sales tax so not quite the deal you scored but I am still very happy :-) Absolutely love the watch.
@@Johnny641 I also paid full retail for my SOH2, but I don’t regret it a second. I fell in love with it right away and I just wanted to be mine, I couldn’t care for a discount. Enjoy yours!
@@diavalus Thanks buddy same to you. Enjoy.
Thanks Fed, nice to have real, useful information.
Something is wrong with the audio this time… sounds like you got 🐝🐝🐝 trapped in the mic 😂😎😎😎
Sounds fine to me.
Sounds like the gain was a bit too high and was clipping some of the audio
Thanks for a interesting video. Your inside information is very helpful to your viewers!
Well hell….Oris, Sinn and Bell & Ross for everyone!
Nah
Pipe down and take it like a good kid!
@@herts9999 you’re weird
Nah
I have examples from each and they are all fantastic watches!
Excellent information! As usual, keep up the great work man.
It looks like most of the luxury brands are cracking down on discounts. I was at an AD a few days back today is March 27 2022 and I was looking at buying a Navitimer they had on display. I asked what is the discount I was told no discount Breitling is not allowing AD's to discount. He told me same with Tudor the few he had and even Tag. He told me no inventory and that all luxury brands were following Rolex discount policy. I was also at Mayors here in Tampa 3 weeks ago, asked about discount on Omega Speedy. Was told sorry Omega is not allowing discounts to customers. They did not have a big inventory on Tudor, Omega, Cartier and yes No Rolex on display.
You're the best, Fed!!! Thanks for the great videos, keep them coming!!
Always appreciate your honesty Fed, keep it up. 🍻
Federico ... YOU are the best in this industry
Great video , honest & informative 👍👍
Fed, so happy for you for your weight loss. How much did your weightloss affect your wrist size? Did it require to just fiddle with microadjustments, or did whole links need to be taken out? Did big dial watches seem to look too large for your wrist all of a sudden?
To be honest, I'm reluctant to buy from other FL dealers because I know I can trust Delray (thanks in part to the candor I hear in these episodes). Enjoyed this. (Looking good, Fed!)
Always most informative Fed. Thanks for sharing your knowledge and expertise.
This is a big help, thanks Fed! Seems like I'll be delaying my next watch purchase till after the new year. It's unfortunate, but, it will be worth the wait.
Looking trim and fit these days, bravo!
Enjoy your videos and always give a 👍
Love your channel, always interested info 🤙🏼🤙🏼🤙🏼
Cheers Fed, as usual great content. 👍🏴
Fed - Love that Breguet! My favorite of yours. Any upcoming videos with Hans or Jonathan?
Fine audio in Essex England . Great videos.
I like the "inside baseball". I often wondered how that all works out.
Until about 2 months ago, my local Omega boutique would offer %15 discount right off the bat on any watch. I got a call from them 3 days ago for the new Speedmaster Chronoscope and despite being a long time customer the refused to give me the %15 discount. Lets see how long they can keep without giving discounts.
Hey buddy walk away. That watch will be there always
@@salmana4239 that’s what I did…
Walk away a recession and higher inflation is coming in the new year. As Fed said the watch market is hot 🔥 now, but it will cool off next year. Don't buy into the heat
@@Omega34685 in this case your probably right the watch isn't ridiculously expensive and it is approaching Christmas and presents are nice. Especially new watches on one's wrist for the holiday parties 🥳
I’ve just pulled the plug on ordering a 300m for this reason. They need to sell watches…..I don’t need a watch. I’d just like one. I’ll be here if I don’t buy one, they’ll go bust if they don’t have customers. It will come back
What is going on with AP? Just saw a blue15500 listed for $68,000 and a 15202 for $125,000. Seems crazy!
Truth in your words. Great stuff, keep it up!
Really fascinating insight. Thank you 👍
I tried to get a discount off an Omega and a Montblanc last week in Vegas. I couldn't get a discount and their cases were full unlike Rolex. I was dealing with a young saleslady in the Omega store but she said she couldn't give me a discount and I don't think she had the experience or discretion to do so. I have checked Delray Watches for the Montblanc Geosphere.
I just went into an Omega AD a few days ago looking for the SMP300 and they told me Omega has their hands tied regarding any discounts at all
Not a speedmaster or seamaster 300 insight at the Omega boutique this weekend
Federico, any word on Gevril watches? Thx. M.
I can walk to an Omega AD near my house & buy whatever i want including the latest 007 watch. But Zenith is showing some empty cases & the Defy line is now a waiting list.
Fed, you look great man, keep up the good work!
Federico, great advice on the current state of the watch market, and why it makes sense to buy from Delray Watch. One question that I would like you to clarify. Obviously there are Authorized Dealers, but I am also hearing there are distributors. Do the manufacturers ship to the distributors which then ship to AD's, or are the distributors in essence the Ad's who ship to outlets like Delray watch? Thanks for clarifying.
Late January is the real black friday for watches.
Bummed about the SeaQ going on the scarce list.
It’s a generic looking watch.
@@DCTag So is a submariner or a calatrava.. Apparantly that works very wel.
That's the very reason I buy direct from bespoke watch makers especially from German hand crafted watch makers... I don't want to wear watches from companies that make and sell 820,000, 100,000 or 60,000 watches a year giving them silly pet names that another people also have. It made sense buying them 30 years ago, not now.
FED you need a new intro... Great display of success. I do envy you.
Always very interesting ! Far from marketing videos
Some day a real rain will come and wash all the hype off the watches...
Yeah, and people gonna rise up and take their share 😀
And it's a hard, it's a hard, it's a hard, it's a haaaaard, it's a hard raaaaaaain's a-gonna faaaa-all!
Looking forward to that, it's going to be an expensive time for me, buying everything at great discounts :D
They don't want to make discounts and they are increasing prices (Omega is shifting right into luxury), but salaries are stagnating... something is going wrong out there
Useful 🙌
Hey Frederico, audio quality seems a bit off
Nice insights!
Can anyone tell me what brand polo shirt Fed wears. They look pretty good.
Brooks Brothers
Nice too know, thanks!
This could be the apex of the bubble. I can wait
Considering the runaway plandemic inflation, even after the bubble will the prices drop?
@@mountainhobo Yes, when food inflation really starts to kick into overdrive on top of higher energy prices, the Keeping with the Kardashians crown will be going bankrupt en masse. A new Sub will be the very last thing on their minds. Plus the repo of the 7-series BMW with the 60-month term lease.
Insane times we live in now.
TH-cam watch content creators caused this problem.
Your audio was fine 🙂 IMO.
What is wrong with Panerai now? Please inform my ignorance 🤔😕
Everything
@@DCTag Could you be a bit more specific, please 😄
Hublot is in no position to act like a desirable brand and crack down. It should be thankful grey market even carries them.
The sound is a ittle off on your video here Fed.
Did you say cartier like rolex doesn't offer discounts ?
Breguet Big Date - didn't Hans say that big dates are among the most unreliable watches?
I would like an Air King 116900. I am in line for one at my AD .
Nice watch. I got one a year ago ... Im in line for a no date sub and Ill trade up if I ever get to the front of the queue, but the Air King is great
@@nickpellatt thank you!
So basically the retail price is way over the actual value of the watch.
Come on Breitling. There's no way I'm paying MSRP for a Superocean when I can get the same movement in a Tudor and have an extra ~1200 in my wallet. Even Omega, I can't fathom paying MSRP for them. I'm used to discounts on those two brands. IWC and Tudor are two brands I'll accept small or no discount. Otherwise, no I'm probably going to walk.
Hmm sounds like my Explorer will be my only watch for a while.
What brand would you say is the least dickish towards the consumer? Which brand is your favorite to work with?
Omega won’t be offering discounts at all. They’ve seen how it devalues their brand perception and second hand values so get used to it. It does mean second hand values will be higher though because people will be no longer thinking I can get one a good bit cheaper than retail so you may have to pay retail but it’s worth more second hand. People are paying silly prices and behaving like their life depends on getting a Rolex so why would Omega give you a discount? Lots of people are moving on from Rolex as it’s all a bit sad now and Omega are doing very nicely out of it. The best way to save money with watches is to just have one nice watch and don’t buy anymore 👍🏼 just watch all the silly “ how to get this watch at retail “ videos and don’t take part.
‘Open book’
This whole watch collecting hobby has gone way too far. We appreciate watches, buy at the end of the day, they're just watches - there's no reason why one should overpay for anything, and that includes watches!
Call me pessimistic but I don't think discounts will be coming back for awhile
I doubt they’ll go back once they follow this policy
Breitlings are almost buy one get one free still
The ethos you described and the way you operate is why my experience in dealing with you was such a pleasure
Girl Power!
Audio is terrible, need to check out.
Sounds like am radio lol
#399 Thumbs Up Glad for the info!
Yes!!!!!!!
i can officially confirm OMEGA will increase their prices in December.
You're all welcome.
Oh?
@@DCTag Official notification of price increase came from Omega Head office in Switzerland.
I worry that Rolex might be influencing other brands to shun you because you speak the truth about the Rolex bubble. And if they are, I hope it's happening publicly enough that what goes around will come around. Bless you, my friend. Be well.
Distortion in audio when you project your voice. Check your audio.
Could it be that all the other brands are tired of their Rolex AD's dumping/bundling their stock in order to move metal?
Makes me think about around 7 years ago when new , non wave dial Omega Seamasters were going for 2669$ on grey market sites .Uhh.
I owned one of those, $2650 for a ceramic bezel SMP on joma. Wish I never flipped it a few years back for pennies 🤢
Same here but unfortunately sold it.
Greetings from Dubai
Hey Omega
You ain’t Rolex. That boat sailed when you decided to have a tsunami of models of every single theme we like.
From James Bond to Moon watches to Olympics
It’s like Apple vs Samsung. I bet even Samsung doesn’t know how many models they make
Salman, Do the Rolex AD's or Boutiques have Rolex watches in their showcases in Dubai? I am asking because in the United States there are mostly empty showcases except a Cellini or womens' model in the AD's showcases.
@@dannysimenauer5745 they don’t have them in any show cases anywhere.
@@dannysimenauer5745 Not a single steel watch of any type. Even wish lists are closed save for a couple of of datejusts
Wait to see if Evergrande collapses and as a consequence the entire Chinese property market goes into the toilet setting off a worldwide chain reaction. Getting the hottest watches might not be such a high priority in this scenario.
It wont, they will get the support they need to avoid a crash. But a crash will happen sooner or later (worldwide, like 2008), the question is only when. I don't think it will be very soon, we still have some years to go.
@@Raph.Bogaert We will have to see, but the whole property sector in China is on very shaky ground and the less said about the artificially inflated US stock market the better.
@@Raph.Bogaert The next crash will make the GFC seem like a party, it will be more like a 1929 crash and depression.
@@Sovereign_sparky could be, I hope you are wrong 😀 But yeah.. things are getting crazy..
Mic is too hot.
You will think the introduction of smart watches with decrease the sales of traditional watches, but it went way up. You know what it is. Watch collecting. Before most people have only one watch, but a person collecting watches can easily have 20 watches each.
Rm in 2 years will sink
Hublot is the worst ever I feel said for poeple who have 1
SECOND
Thanks! Please change your intro! You lost too much weight!!