How Are Gray Market Watches Heavily Discounted ? Where Do They Get Their Watches ?

[@theoriginalaceofspades7829]

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.

[@kermit4161]

Fed, great video...please do more vids on the industry! Thanks!!

[@FedericoTalksWatches]

Will do my friend.

[@jeankagian1505]

Yes! Please more industry insider vids.

[@juice4699]

Yes.

[@karamelahi2808]

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!

[@TimedSquare]

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!)

[@tarekmabrook1369]

You are a respectable person that tells the truth , I learned alot from you , all the best merry xmas

[@kentsmith6269]

U

[@marceauratard6869]

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.

[@eyeheartsushi2212]

Del Corbett That last part is very important: you can price haggle with ADs. You can’t do that online.

[@robertsullivan4773]

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.

[@ovaissiddiqui9837]

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 😁

[@robshipinski5545]

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.

[@bobcortez4427]

@@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.

[@prestonwilliams710]

Wasn’t confusing at all. Very informative and educational. Thank you taking the time and effort to post.

[@elmekki1000]

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

[@christianblanche1569]

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 🔥

[@FedericoTalksWatches]

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!

[@samsantiago893]

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

[@adrianmercs1803]

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.

[@jkim010100]

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.

[@khalid969]

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?

[@bluequiltedness]

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

[@mauriebarnes8272]

Complex issue simply explained! Thanks Fed.

[@porcuzburator8778]

This is a very good explanation and not confusing at all unless one misses half their brain. Thank you!

[@ronnied13]

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

[@andrewsignore4595]

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.

[@migfed]

This is the kind of videos that are really worth watching. Great vid Federico.

[@faustinosaizar3985]

Thanks I've been purchasing on the gray market for a while. Now I understand

[@chrissimone7887]

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.

[@billfisher1999]

Great insight into the inner workings of the induatry

[@salspec3381]

This was very useful and informative. Thanks.

[@levcki]

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 ?

[@ejp75]

Great explanation thanks Federico.

[@clo2715]

AD's are like car dealerships.

[@FedericoTalksWatches]

basically.

[@alexjimmy9297]

You think Rolex ADs are selling to their mates at the moment to make some extra cash on the side??

[@joerichardson6107]

@@FedericoTalksWatches no AD's are worse there is not 37%-50% mark up on a vehicle lol

[@danielguadian2716]

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...

[@MichaelAndersen_DK]

I'd really like more from the inside. This was really informative!

[@edhammond6911]

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

[@clk25120]

thanks for the industry insight, not far from other mass market retail products

[@charlesconnaughton7292]

your comments are like a breath of fresh air

[@rarts2000]

very interesting, educational above all thanks Federico

[@robertsullivan4773]

You did a great job explaining the topic.

[@jasonhudson4239]

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!

[@m0tiii]

Nice info, do you know anything about luxe ware (HK) limited?

[@saurabhsharma4200]

You keep saying its confusing, its not.

[@georgesdakkak1]

Exactly what i was thinking throughout the entire video 😂 "its tricky"!

[@docmarc36]

He's probably thinkin of all the stuff in his head that he's not sayin when he says that.

[@aimstylus]

confusing to..... him

[@insaaanestuff]

For such a big head, he sure must have a small brain

[@r.daniels1165]

I agree, but he explains it well for us new watch enthusiasts.

[@stevestrough5109]

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

[@cristylovejones]

Very informative and something every collector should know. Thank you for sharing!

[@nitrokyosho]

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.

[@arthurjin0722]

Really appreciate it. More of these insider video please.

[@reinaldoreyes5631]

Great video. Best part is not passing judgment on the issue, like most do! Let the people be informed and decide on their own.

[@aliviar9711]

Thank you for explaining. Have you bought from Jomashop? Are they reliable and are the items authentic?

[@andymci5981]

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!!

[@DavesWatchLove]

Very informative, Federico. Thank you. No, it wasn't confusing. Not because the subject matter isn't confusing, but because you explained it well.

[@mCblue79]

Very enlightening and well explained. Good vid!

[@thc152]

Great video. It helped me better understand how things worked

[@jessmankhor4123]

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​ resell​ers.​ Still​ one​ needs​ connections to​ the​ brands​ and​ suppliers to​ get​ stock.​

[@weebleapplesmooooo]

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?

[@AlwaysBolttheBird]

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

[@tripnfallshow]

Excellent explanation. Very eye opening.

[@estebanortegatippins7849]

Not confusing at all, nicelly explained.

[@gotwic6220]

Its easy to understand, thank you very much 😊

[@WordMadeFlesh777]

thanks for the rundown. Your explanation was not at all hard to follow. Made perfect sense.

[@roderickjackson4046]

Super Duper Content!!🎉 And I followed you just fine 🌟

[@martinsbriglio8948]

Great video . Informative.

[@moeaziz82]

Fantastic video! Thank you .

[@David-ej1ps]

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

[@Archer335]

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!

[@nikolaykutsev8560]

A really useful video, Federico! Thanks a lot!!

[@jefferyneu3915]

Great video. The watch business sounds absolutely brutal to me!😱

[@umad3592]

This is a true learning channel for people such as myself getting more insight into watch 🌎.

[@quattordicimontenapoleone3113]

Late to this excellent vid. Very enlightening. Not complicated at all. But how does warranty work with grey market dealers?

[@JusttheWatch]

Always wondered about that, makes sense now, thanks!

[@nikekoh6100]

best explanation ever!

[@burkebaalim438]

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.

[@ChronoGuys]

Fed, think you explained it so well and not fuzzy or confusing so really great video super informative and spot on!

[@flip97gt]

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.

[@treehouse722]

Very informative, thanks for posting.

[@anthonyperry3699]

Wonderful video! Thanks for sharing the info.

[@f5038nat]

Nice. I had bought a nice watch from Jomashop and thought afterward if I got ripped off. You just educated me..nice content.

[@menaseven9093]

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%.

[@rawim]

Thank you for the video. I for one do enjoy the industry insider videos.

[@cjack202003]

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.

[@usmcgrunt02]

You got 35% off. Not 65%.

[@franksanchez1974]

Yes, more industry insider videos. Thanks!

[@muhdhidayat1677]

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?

[@lawrencehammersley4945]

You did a great job It was very useful

[@OldManTimeAudits]

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

[@tods.9947]

This is really terrific work Fed! Thanks for the insiders’ take on all of this.

[@semperfidelis1550]

Awesome video, very educational!…Cheers!

[@nwordpassifyousub2303]

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

[@FedericoTalksWatches]

Hi sam, Sure, I will make that vid, thanks for the kind words and useful idea.

[@nwordpassifyousub2303]

Federico Talks Watches thanks so much

[@leesfitnessunlimited]

You have great content sir! Very helpful. Thank you.

[@lacroix6323]

Awesome video ,thanks for the explanation.

[@danieldelorme4021]

You have done a marvellous job explaining how it all works! Thank you! ;) It actually makes sense now!

[@mohamedzid2701]

Very instructive

[@TheGrimPeeper]

Love this super interesting video

[@MrRoyGS]

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?

[@FedericoTalksWatches]

They buy them from gray market dealers usually.

[@balazsgalambos4458]

Great video,thanx for explaining

[@STW1964]

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.

[@worldtraveler8372]

Excellent and informative video

[@jhoanamarieacosta6611]

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?

[@thefreshestprince89]

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]

thefreshestprince89 I’d just pay the extra couple hundred for the ad just in case

[@thefreshestprince89]

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.

[@out_on_bail]

Ad are cheaper for Rolex

[@LiquidSm0ke]

thefreshestprince89 wow

[@WNYfellow]

Good video - not confusing at all - useful information!

[@aes8881]

Great info Fed, highly appreciated

[@Archer335]

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.

[@pauloshea2383]

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.

[@EX9R]

Yes. Pls let us know more of how watch dealers does their business..

[@zachmeade3732]

This video was extremely informative

[@thrasherx9319]

Amazing insights. Very helpful and entertaining.

[@oxysoxos]

Very insightful information. Thanks Fed. You provide real value here.

[@islandboy7432]

We'll, good info .....my biggest question was answered.....are the watches authentic? Yes