That was a very unfiltered talk with Roman. Now we know that the "Roman buys" aren't just some off the cuff impulse buys, Roman's knowledge the market is unreal, so when he makes these big buys he knows exactly who to offer it to. Roman not only knows watches but jewelry as well, he has a wealth of knowledge and is very impressive. Roman is also correct in saying that he doesn't owe anybody an explanation on the inner workings of L.B., to include the parting of employees. Roman's years of experience really shows how his driven L.B. to becoming the top tier Grey Market Company that it is today. Honestly, transparency and a code of ethics is what Roman stands for. Great episode Avi, this one is going to be hard to beat!!😊
@@frankphilpot3492 you sound like one of Romans employees. Who has the same worshipping comments on literally every video someone puts out. That's not a normal behavior from a normal person who watches TH-cam. You and the fake likes and views make this company look super shady and corny
Avi ,you are great ,straight forward ,brave and honest interviewer. I was mesmerized with your questions to the extent that I had to rewind again to listen to Roman genius attitude to business. Many thanks Avi. Nizar Israel
Thank you for sharing a glimpse of your world. I ran a small business in Hawaii, a kite shop in the most expensive mall in Hawaii. People did not understand the ins and outs of a brick and mortar store. I am saving up to get a watch from you and your staff. Blessings to you all.
Hey Roman , of course you know what youre talking about but whats better is you have spirit, grit and genuine love for others around you. You know the difference between bullshit and legitimate when you interact with employees and customers. The reason you have sustained and will continue as long as YOU wamt is that you are genuine. It shines through the screen and I'm sure much brighter in person. People respect and admire you and many feel privileged to do business with you. Those haters out there, let them melt into a puddle at your feet that spills into the gutter of forgotten annoyances.
Appreciate you, Mr. Scharf and your knowledge! You gave a brief history lesson on AP while trying to sell one. They’ve been “more than watches” ever since lol. PS cool AP on ur wrist and cool air max 90s (know ur wearing some- not hating!)
Glad I found the show. Spoke to Roman and Alex at the NYC show recently and didn't realize they were TH-cam stars. Both easily approachable and willing to talk about topics outside of watches. Not a big collector or mover of pieces but I'll hopefully given them some margin soon!
ปีที่แล้ว +1
good to see you guys doing well in this time and to learn from you. greetings from germany.
I'm always happy to hear how a company runs and the challenges of operating a small business. I enjoy the content and if I buy grey I always consider your small business. I hope yall stay profitable and in business. If you remember 08 and operate in an economic environment twice as bad coming shortly and survive and thrive you will be doing better than the rest. Your finance friends probably were the same people saying a year ago there would be no landing and the Fed would have cut rates multiple times this year already. Hedge hard my friends
Really enjoyable video. great insights, living in London and working near Hatton garden the diamond district in New York was like Hatton garden on steroids
LB is killing it as always! 1 thing though, cameraman needs to quit zooming and messing with it every other time it pans to Roman, just put it in a good frame and leave it so it isn't all messy.
The last part of this video they cover shows and related cost. I've done many county fairground shows in various states and we were one of the biggest vendors. Since the shows were on a calendar schedule there is some predictability but not always profitable. The promoter may front load (advertise) the show very well but at later shows would do so poorly.
Hi Roman ever thought of running for president ? you are the Dogs Bollocks ! Mick from england by the way just bought a dated sub from an AD waited four years love it take care
Traditional retail boutiques are not the answer. The innovative solution would be to have a mobile boutique (no, not a food truck) that you could set up in any city for any client. Customers love to feel important and valued. By Appointment Only (this could be the name, you're welcome, haha) could give the same boutique experience sans the expense of revenue sucking leases. There are a lot of details that I cannot add here, so take it easy on all the negative reactions. Also, skeptics have a false sense of confidence because anyone who is successful understands the 9 in 10 failure rate. The skeptic loves to focus on the 9 and be right 9 times rather than be successful with the 1.
Don’t think he is a bandwagon fan, he’s always had a love for F1, sneakers I know his son is really into and has a shop. Soccer I could easily see him being into due to him being European
it was entertaining, a good sacrifise, Roman and the team can use my house as a booth in holland!(i will sleep in the shed, when nobodys there i will sleep on top of the vault, in the evening i need a small part of the frontwindow for my evening job...maybee if i can get my clientelle abit guilty towards ther husbands, i can try to sell her a nice watch for him... oppurtunaties ,oppertunaties,i liked the show@@greymarketpod
To look at it from both sides: yes, people accept large margins/markups from brands that produce original products, but reselling other brands’ products (new or used) is where buyers start to question the justification of those (reseller) margins. However, as you’ve pointed out, most buyers don’t have a reasonable understanding of what it really takes (costs) to operate an efficient, reliable, sustainable business like LB, so it definitely helps to shed greater light on that aspect of the conversation. Thank you for that! Honestly, I don’t think the sale prices are what people should be complaining about…it’s the buy/trade pricing that is the most challenging! 😂😉
Imo , it’s not jealousy over you putting 100,000 watch on your wrist that ppl get jealous over, they can’t relate, majority of viewers, grinding away to afford two cars , 150000 house, put kids through college, and your business is to sell 500,000 watch to the new flavor of the month in pop music….or see the guy letting his daughter put on and wear for the day a million dollar watch when she destroys it by putting it a hot tub, how do majority of ppl relate to that. Sure petty ppl out there just jealous, I watch you guys for the characters and your stories, not for the RM sales etc…..its immigrant story success, my Polish family successful , in a different way, that’s why I watch and listen to you specifically I just can’t relate about luxury items…..
A million a month to run the ship? with commission based employees? Are you on 5th Ave? Do you have a store front? Do you make anything? Are you authorized sell anything? Are you authorized to service anything? And even if all those things were true, you wouldn’t be at 1 million a month. ( Goodluck finding a sucker that would believe that)
Can you guys interview another Rolex AD employee 😅😅😅
Possibly one of the best episodes you have released so far
This comment is all I need!
That was a very unfiltered talk with Roman. Now we know that the "Roman buys" aren't just some off the cuff impulse buys, Roman's knowledge the market is unreal, so when he makes these big buys he knows exactly who to offer it to. Roman not only knows watches but jewelry as well, he has a wealth of knowledge and is very impressive.
Roman is also correct in saying that he doesn't owe anybody an explanation on the inner workings of L.B., to include the parting of employees.
Roman's years of experience really shows how his driven L.B. to becoming the top tier Grey Market Company that it is today. Honestly, transparency and a code of ethics is what Roman stands for.
Great episode Avi, this one is going to be hard to beat!!😊
I wouldn't buy a Timex from them.
Bot commenter. How much does Roman pay you to make praising comments on literally every one of their videos? 🤡🤡
@@Warrengraff-ym2yj lol, I'm not a bot,I really like what Roman stands for and I think he has a great team.
@@frankphilpot3492 you sound like one of Romans employees. Who has the same worshipping comments on literally every video someone puts out. That's not a normal behavior from a normal person who watches TH-cam. You and the fake likes and views make this company look super shady and corny
Fantastic show! Loved hearing from Roman. Keep them coming.
More to come!
Great stuff guys! Which watch is Avi wearing? Artisans?
Great content really enjoyed this thank you! 🎬
So glad!
Avi ,you are great ,straight forward ,brave and honest interviewer. I was mesmerized with your questions to the extent that I had to rewind again to listen to Roman genius attitude to business. Many thanks Avi.
Nizar Israel
Amazing to hear it! Thank you for the support!
@@greymarketpod happy for your answer 😊
Thank you for sharing a glimpse of your world. I ran a small business in Hawaii, a kite shop in the most expensive mall in Hawaii. People did not understand the ins and outs of a brick and mortar store. I am saving up to get a watch from you and your staff. Blessings to you all.
Hey Roman , of course you know what youre talking about but whats better is you have spirit, grit and genuine love for others around you.
You know the difference between bullshit and legitimate when you interact with employees and customers.
The reason you have sustained and will continue as long as YOU wamt is that you are genuine.
It shines through the screen and I'm sure much brighter in person.
People respect and admire you and many feel privileged to do business with you.
Those haters out there, let them melt into a puddle at your feet that spills into the gutter of forgotten annoyances.
Which watch is Avi wearing. Looks like a Daytona but would like to know the model.
Bamford Watch Department Gold Daytona
Appreciate you, Mr. Scharf and your knowledge! You gave a brief history lesson on AP while trying to sell one. They’ve been “more than watches” ever since lol.
PS cool AP on ur wrist and cool air max 90s (know ur wearing some- not hating!)
where the podcast gone from couple of days ago
Great episode. Much thanks for great info and insight.
Great show tonight and very informative on how you run a company
Glad I found the show. Spoke to Roman and Alex at the NYC show recently and didn't realize they were TH-cam stars. Both easily approachable and willing to talk about topics outside of watches. Not a big collector or mover of pieces but I'll hopefully given them some margin soon!
good to see you guys doing well in this time and to learn from you. greetings from germany.
Awesome show, great content!! Roman is the God father of the Gray market!!!!!!
I'm always happy to hear how a company runs and the challenges of operating a small business. I enjoy the content and if I buy grey I always consider your small business. I hope yall stay profitable and in business. If you remember 08 and operate in an economic environment twice as bad coming shortly and survive and thrive you will be doing better than the rest. Your finance friends probably were the same people saying a year ago there would be no landing and the Fed would have cut rates multiple times this year already. Hedge hard my friends
Really enjoyable video. great insights, living in London and working near Hatton garden the diamond district in New York was like Hatton garden on steroids
Brilliant episode, spot on info.
Amazing commentary !!! Keep this going!!
Thank you!
Podcasts are amazing great honest insights.
I saw that Luxury bazaar is for sale. That’s big news. Hopefully the new owners keep Avi as marketing guy to keep Grey market going.
Hahaha! Thanks!
Love the new format so much better 🫡
Thank you!
Avi is that an artisans de geneve ?
I wish it was! It's a Bamford Watch Department version.
@@greymarketpod still a very cool piece
this was a great podcast episode!
Great episode. BTW - what's with the giant pez dispenser?
Thank you! It's art by Jisbar
Please put in timestamps per question / topic
LB is killing it as always! 1 thing though, cameraman needs to quit zooming and messing with it every other time it pans to Roman, just put it in a good frame and leave it so it isn't all messy.
I’m like halfway through this is a really interesting episode.
So glad to hear that!
Good podcast :)
great ep gents. "If they hate...let'em hate....and watch the money pile up"
Anthony arrested 👮
I haven’t bought from you guys cus I’m in Perth wa but I love the honesty the openness from what I’ve watched
good interview, very interesting.
Glad you enjoyed it!
Are those giant Greek Pez dispensers?😂
The last part of this video they cover shows and related cost. I've done many county fairground shows in various states and we were one of the biggest vendors. Since the shows were on a calendar schedule there is some predictability but not always profitable. The promoter may front load (advertise) the show very well but at later shows would do so poorly.
Good shit great talk
What was the name of the collector with the sickest collection again ? Thanks in addy
Avi whatcha wearing? Looks like a baller piece!
Bamford Daytona, thanks!
Moses is awesome. Good energy
Super informative honest accurate well informed video best yet Total Respect to the both of you more of the same please🎉🎉🎉
Thank you! Will do!
Could listen to Roman all day.
The root of the word "Customer" is custom. It points to a relationship that lives over time. It is their custom to do business with you.
Roman is the next one going to jail
How so?
I’ll take Breguet n a check over a RM all day
chapter 11 soon...?
Start counting. Holler when you stop
I love grubel forsey watches can’t afford them but just love the Beauty and I love Lange which I do have from 1994
Anyone else notices Roman's left chest is twitching/flexing or is it just me.
I did. 😮
I make him nervous
How does Roman think the values of FPJ's will be effect by the rumoured upcoming scandal
Why is Roman's left chest keep pumping? Is he ok?
Some very wise advices and life experience from Roman, good to see you guys keeping your heads up, ignore the haters by showing them your success 💪🏼
I tried listening to this while driving but its too dangerous.. Romans voice putting me to sleep
Hi Roman ever thought of running for president ? you are the Dogs Bollocks !
Mick from england by the way just bought a dated sub from an AD waited four years love it take care
Really important. Watches. Never mind the world.
I know someone who bought green skyd for $39k now he’s lucky if he can get $28k….
Traditional retail boutiques are not the answer. The innovative solution would be to have a mobile boutique (no, not a food truck) that you could set up in any city for any client. Customers love to feel important and valued. By Appointment Only (this could be the name, you're welcome, haha) could give the same boutique experience sans the expense of revenue sucking leases. There are a lot of details that I cannot add here, so take it easy on all the negative reactions. Also, skeptics have a false sense of confidence because anyone who is successful understands the 9 in 10 failure rate. The skeptic loves to focus on the 9 and be right 9 times rather than be successful with the 1.
It's funny to see roman being a bandwagaon fan of literally everything hot right now. Sneakers, F1, now Messi lol
Don’t think he is a bandwagon fan, he’s always had a love for F1, sneakers I know his son is really into and has a shop. Soccer I could easily see him being into due to him being European
He said he literally just got into f1 because he went to miami gp last year lol and he's never wore sports jerseys. @@andrewruis9531
It's also just a really nice jersey.
Roman would have made a great drug dealer. He doesn’t get high on his own supply. 😂
Best episode I've seen. Hit so many valid and true points in business.
Thank you for the feedback!
Your margins on watches, are more realistically 20-25 percent! Buy low, sell high!
Thanks for the insight!
I can listen to Roman talk watches all day. I turn out when his staff try to mug camera time being goofy or fake.
I did see Nick wearing earings thou
Cheers
Holy sh**t I didn’t know avi was adrien’s som in law
Son***
😂 - Alex's son-in-law.
52 min!!!i m going to do it!
It's a commitment! Thank you for your support!
it was entertaining, a good sacrifise, Roman and the team can use my house as a booth in holland!(i will sleep in the shed, when nobodys there i will sleep on top of the vault, in the evening i need a small part of the frontwindow for my evening job...maybee if i can get my clientelle abit guilty towards ther husbands, i can try to sell her a nice watch for him... oppurtunaties ,oppertunaties,i liked the show@@greymarketpod
im glad Nick is gone, the one time I called LB looking for a watch. He was very short with me and didn't try to help me at all.
Sorry to hear that!
Nice video guys
Thank you 😀
Roman Buys is a business that has legs. A way to create a real client base
Agreed!
To look at it from both sides: yes, people accept large margins/markups from brands that produce original products, but reselling other brands’ products (new or used) is where buyers start to question the justification of those (reseller) margins. However, as you’ve pointed out, most buyers don’t have a reasonable understanding of what it really takes (costs) to operate an efficient, reliable, sustainable business like LB, so it definitely helps to shed greater light on that aspect of the conversation. Thank you for that! Honestly, I don’t think the sale prices are what people should be complaining about…it’s the buy/trade pricing that is the most challenging! 😂😉
It’s all about reinvention and LB keeps changing and adjusting. It’s basic, comments are todays peanut gallery…you can’t win in today society 👊
52 mins and no time markers....FAIL
Lol don’t comment it only fuels the fire And It becomes an AF situation
Huh?
Imo , it’s not jealousy over you putting 100,000 watch on your wrist that ppl get jealous over, they can’t relate, majority of viewers, grinding away to afford two cars , 150000 house, put kids through college, and your business is to sell 500,000 watch to the new flavor of the month in pop music….or see the guy letting his daughter put on and wear for the day a million dollar watch when she destroys it by putting it a hot tub, how do majority of ppl relate to that. Sure petty ppl out there just jealous, I watch you guys for the characters and your stories, not for the RM sales etc…..its immigrant story success, my Polish family successful , in a different way, that’s why I watch and listen to you specifically I just can’t relate about luxury items…..
The difference between you guys and LV or another brand like them is that they're not middlemen. They create and manufacture the product they sell.
A wud t come in just because of a superstar etc etc
A million a month to run the ship? with commission based employees? Are you on 5th Ave? Do you have a store front? Do you make anything? Are you authorized sell anything? Are you authorized to service anything? And even if all those things were true, you wouldn’t be at 1 million a month. ( Goodluck finding a sucker that would believe that)
“I created the market on offshores”
I’m surprised this guys head fits on his shoulders
It’s secured in place.