MASSIVE Rolex Market Shift! - Watch Dealers Honest Market Update - September 2024

[@LouisMorales-zx3jm]

Hold the line. Don’t buy. Let the prices keep dropping.

[@livingfullyinwisdom]

wise decisions

[@MrHav1k]

Eagerly awaiting the day where ADs have to give 15-20% discounts off of RRP to move watches.

[@jezg084]

@@MrHav1kI doubt on Rolex. If it got to that point they’d cut back on production significantly. They’re playing the long, long game.

[@troisk]

​@@MrHav1k Good luck with that. 30 years ago you might have gotten small discounts on a few steel models, but even then it wasn't 15 or 20%. The only models you could possibly get a discount on nowadays are full gold watches sitting on shelves, but even for those Rolex typically asks ADs to send them back if they can't sell. People forget that Rolex is not a public company, they can afford to slow down production to keep their brand image and "prestige", even if it means selling less volume - they don't care that much about year-over-year figures. The Daytona has been reselling over retail for decades, don't expect that you'll ever pick it up anywhere near that anymore, especially when MSRP increases every year.

[@emmacohen3926]

The watch market is DEAD 💀💀 grey market dealers are slaughtering stock,!!! 🇬🇧🇬🇧🇬🇧

[@Nordic_Sky]

Very simple. If the gray market price is greater than MSRP, the AD will not sell it to you unless you have given him a ton of business or you're famous. If gray market price is under MSRP, it will be in stock but check prices in the secondary market before buying. No need to watch a 15-minute video. You're welcome.

[@dongalzarano]

Exactly.

[@akapellatoronto]

Correct.

[@garyjarvis2730]

Exactly the reason why the whole Rolex market is BS. Their are so many comparable quality watches out there with dealers who appreciate your business. Buy a Rolex, overpay, no one cares, everyone assumes it's a fake.

[@scottwallace9035]

Declining for the last 12 months and its a stable market? Cant make this shit up!

[@sutats]

Stably declining. Instead of a plunge. It's all a matter of perspective.

[@BiografWien-zx6tf]

Bro it’s a random guy in his mid 40 trying to sound professional … let him go …

[@Jimbobrasil]

“Busy busy busy” means it’s going to shit 😂

[@mariocabella5476]

Stable downside lol

[@Mike-r7m2m]

Or tell the ADs to piss off. They didn't want my business when they were selling the same four guys every piece that came in the store. Now that the market has tanked they allegedly want my business. NOPE.

[@alfieakaronaldog]

@@Mike-r7m2m So what did you do re. the Rolex you wanted from the AD?…… ….. You didn’t ever want to buy one really did you? It’s NOPE now, and it was NOPE then. Mike Nope 😂

[@Mike-r7m2m]

@alfieakaronaldog It's that mentality that keeps Rolex firmly in control. Like all consumers I actually want to buy the products I am interested in. If an industry screws me over, plays games, and treats me like shit why would I help them when they are experiencing an economic downturn? You can do whatever you want with your money. As for me, I wont keep getting my ass beat and climb back into the ring again because prices dropped 2%. Bootlickers are indeed a strange breed.

[@alfieakaronaldog]

@@Mike-r7m2m Can you explain how they treated you like 💩 when you have never tried to buy any of their products? And while you are at it, how am I a boot licker? They sell fantastic watches and I buy them 🤷🏻‍♂️ No jewellery, no dancing. If they don’t want to sell me a Daytona that’s their business. I would have a right to get upset by that if I were trying to buy one, but it’s really not your place to if (as it seems) you are not.

[@alfieakaronaldog]

@@Mike-r7m2m Was Charlie one of the ‘same 4 guys’ that bought up all the Rolex’s you were not trying to buy? He seems to like you swearing on his channel which is not doing either of you any favours IMO so keep it up 😉

[@kyrilkaplan5011]

Spot on !

[@Thegowfer65]

Can we all stop thinking about whether or not they lose money. These should be lifetime items not bought for flipping. Wearing a Rolex used to be a sign of luxury and wealth where losing a few thousand was inconsequential. A bit like buying a Ferrari in the 70s. You’d lose your money but it showed you didn’t care and had the means to soak up the losses. A much better image than buying a watch to sit in its box, in a vault hoping to make a few grand in 10 years.

[@halfsourlizard9319]

Well said! If I buy a watch, I'll forget how much I paid for it the moment that I see the notification that my Amex was auto-paid ... but I'll enjoy the watch for the next 50 years, FSM willing.

[@joonkt3483]

Totally agree with you

[@JG-OK]

Yep. Same with all this polish nonsense on nee watches. If someone wants to polish their watch on a rolex service after 10 years of wear who cares. The watch world has changed for the worse in the last decade

[@babaman2k]

My AD is great. They've always been honest from the get go. They've always asked me what watch I want and they give me honest timescales and whether it is going to be achievable to get me what I want. They also come pretty close to their predicted wait times. They told me it would be around 1 year wait for a particular date just model and 1 year and 3 months later they rang me up. They have always said that they would rather be honest and refuse to offer me other models that I haven't asked for, or ask me to buy things I don't like just to build up a minimum spend. What they did say was that now the grey market has taken a dip, many of their buyers are now refusing to take watches which means that a lot of the waiting times are coming down which is great news for people that actually want to buy the watches to wear them.

[@thehonestwatchdealer]

Certainly is great news for those not looking to flip! Sounds you have one of the good ADs out there! Thanks for watching mate 🙏

[@ronniberosini8266]

My purchasing preference is limited to Rolex Boutique, and I am unwilling to pay more than $9,100 for a Rolex Submariner no-date. After patiently waiting, I regularly visited Las Vegas Rolex Boutiques, achieving success within about six weeks. My hard earned money wasn't burning a whole in my pockets.

[@TheRunningManZ]

I love it when a secondary dealers who sells watches makes a video on the subject of where is best to buy watches. It’s so unbiased!!! I’ve bought from three indie ADs and one Goldsmiths. None of them tried to force me to buy watches I didn’t want. All of them were polite and called me when my watch came in that I was waiting for. This is just amplified nonsense of a few bad dealers. There are many great ones out there. They don’t have a Daytona out the back you can buy, big whoop.

[@Rollochrome]

I always look forward to your Sunday videos from across the pond.

[@thehonestwatchdealer]

Thank you mate, really appreciate you tuning in 👍

[@apostlej2015]

Ive never seen any of this guys content actually be accurate.

[@andyrobertson3056]

ADs are great, of course there are some bad ones. This guy was the same guy selling John meyers and other watches to customers saying your never gonna lose money yet his customers lost £20,000 on some watches. My AD has only come forward with watches that I’ve asked for and they’ve not failed me. Grey market dealers are a scam and Atleast if I get a watch from the AD it’ll be 100% genuine

[@Maarten_official_account]

My AD is awesome. I’ve always been treated with respect and I always got the steel sports models that I wanted. I’d never pay over retail. I’m not in the game to sell watches, I’m in the game to wear the living daylight out of my watches. Grey market dealers are nothing more than glorified flippers.

[@KC-bv9kf]

Congratulations. I’m also “fortunate” like that to build that relationship (ie. purchases, including VC’s and other high prices items) with my AD’s. But vast majority of people don’t have the time nor financial to “earn” the opportunity. Consider yourself fortunate and practice gratitude. No need to insult others.

[@dielalex89]

But what you’re failing to realize here is that sure you may have a great AD as youre saying.. HOWEVER the vast, vast majority of people do not get to experience that luxury - so for those of us who do not, we very much appreciate that there is an open market to buy what we want, when we want - to me (and clearly MANY others) its more than worth it to pay a few bucks over.. All in all the piece youre buying is still worth the money you paid less 10% or so, so its not really as big of a deal as it seems the whole “paying over retail thing” And just to say, I at one point had an amazing AD connection but they lost their dealership back in the very end of 2022 when Rolex started nixing dealers right and left.. and the AD I have moved onto has made me VERY HAPPY the open market exists just so I dont have to deal with their nonsense

[@factstology]

The word you’re looking for is: thieves

[@patrik3450]

Good for you. I get treated like I’m a Leprechaun

[@yonchrr]

Shut up.

[@nickedwards1445]

My AD is spot on. Last watch GMT at retail. It’s the flippers driven by the grey market that has messed up the market. Feel they are now reaping what they sowed.

[@seanroth2586]

I’d rather pay a bit more at an AD than on the secondary market because of how much dishonesty there is in the gray market. I’ve bought watches from reputable dealers who don’t source their watches from reputable dealers. I’ve bought 3 watches on the gray market all of which were sold as unworn but were in fact refinished. The dealers who sold them to me honestly thought they were unworn, but when I had a watch evaluation at the rolex service center, it was shown that the watches were polished. Some of these watches were a month old. Unbelievable! I need to know the origin of my watches and know they haven’t been mangled, worn, and poorly polished. This can only be done if I get them from an AD or from a friend who procured their watch from an AD!

[@davidbrown9947]

^exactly this

[@sotirisvramis3108]

Grey market dealers get the watches from off. ADs 😂

[@halfsourlizard9319]

I think you're not quite understanding Rolex pricing. The market price is *above* RRP ... so you'd pay *less* at the AD ... But the AD isn't going to sell you a GMT at *any* price ...

[@chich22]

I’m not one to leave comments, but… I was down for a Batman and my ad never pushed any other watches on. I said from the beginning I wasn’t interested in other models. 18 months later I got the call and I now have a Batman at retail.

[@thehonestwatchdealer]

That’s great to hear, congratulations mate and enjoy your Batman! 👌🏻

[@joonkt3483]

@@chich22 any purchase history prior to getting the batman?

[@Jasperroodog]

Always look forward to your content on Sunday.

[@thehonestwatchdealer]

Thanks mate appreciate that! Glad you like them 👌🏻

[@benbill8739]

Nobody is buying watches anymore, the bubble has burst 💥

[@Kbats733]

Says the man who could never afford a decent one..

[@Aunecollection]

Im selling watches every day

[@halfsourlizard9319]

lolwut? people were buying watches before the crypto bros and stimmy-cheque pandemic-bored crowd came along ... we're still buying watches ...

[@jimladbrooke3833]

You go and try to buy a new one!!!!!!!

[@Lpreilly72]

Old tech. You can spend $10,000 for a clock on your wrist, or you can get an Apple for $400 that will even make emergency calls if you fall, along w/ email, google, GPS, KZbin, etc. And it keeps better time! As for me, I have a Timex Expedition. $39.

[@sasbar-d4i]

Grey market dealers in trouble. They bought over retail and their profits are disappearing.

[@YJK523]

Profit is not a dirty word. Nobody goes in to business not to earn. But when profit turns into greed. And that's what happened with some of the grey dealers. Not all, but a select few became very greedy. And because of that I would avoid them. Nothing aimed at your business though.

[@patrik3450]

I actually have to say, the gray dealers I’ve met, they’re more arrogant than the AD. Or push you to buy something they can’t sell.

[@troisk]

Best experience I've had buying a Rolex was with a grey seller, and I've visited dozens of Rolex ADs. For other brands, some of the boutique/AD experience is miles ahead of Rolex.

[@CollectorsEnabled]

Sounds like you should find a new one. I have three grey market dealers and they are incredible.

[@cdepo2042]

Like with everything thing else there is good and bad. I have had both great and poor experiences with ADs and Grey dealers.

[@dannysimenauer5745]

Any business that treats you or any customer poorly does not deserve your business. Keep looking for a gray market dealer or does want to earn your business, and you know that is the correct one for you.

[@Coolguy24686]

Imagine telling an AD: “Nope, don’t want it anymore 😂”. Amazing how leverage can change from the supplier to the customer (how a luxury purchase should be in the first place).

[@bennynguyen6000]

who is supplying the grey dealers?

[@ryanelectra225]

My AD has been very good. They always get me what I ask for, and are realistic on timing. I’ve never felt I was “doing the dance.” I was also never impatient or in a hurry- watches are never something I needed. Your trashing of ADs makes me wonder if your business is down.

[@troisk]

Good for you. Many of us don't get a good AD, or just live in a place where demand is even worse. I'm not impatient either but after getting quoted ridiculous and random wait times, and following up with multiple ADs for months, I'd rather just get the watch and get it over with. Grey sellers exist because there is a demand.

[@user-wi9nn6dz8w]

The first time I bought from a grey market dealer, they actually sat down with me and explained their business model. Bought an IWC that came from an AD in Buenos Aires and IWC did honor the warranty.

[@nsnstv]

Why would I pay 2k over retail?

[@troisk]

Good luck getting a steel GMT or Daytona for retail.

[@Fifty_Jay]

@@troisk I got 15% off a GMT in the summer of 2017 at a Rolex authorized dealer. Be patient the watches were being sold to the gray market out the back door.

[@Rajjy]

@@Fifty_Jay100%

[@dt3367]

​@@Fifty_JayStarve the grey market's demand & soon these flim flamming AD will have no choice but to sell it to the actual enthusiats

[@halfsourlizard9319]

Because you want the watch more than you want retail + 2k dollars. Money is a renewable resource; time is not; enjoy watches while ye may.

[@gilhodges7260]

Love my AD. I have built a great relationship with them over the last year and they have delivered once for me which I’m fine with. Waiting patiently for my next piece but they never charge me over retail.

[@thehonestwatchdealer]

Glad you have a good relationship with your AD! Fingers crossed for you on the next piece that comes through for you 👌

[@DannyBrooks1]

It’s better to buy Bitcoin and Tech stocks than a watch or collection of watches.

[@DecoyVoice]

what do you think of grand seiko?

[@thehonestwatchdealer]

A great alternative option! Some truly stunning combinations 🙌🏻

[@DecoyVoice]

@@thehonestwatchdealer appreciate the feedback! never heard of them before but im really loving the shunbun

[@justinb001]

Based on AD stories on KZbin, I must’ve struck gold with my AD. Waited a few months and got the call for my first Rolex, and it was #1 watch on my list with zero purchase history. Wish everyone the best!!!

[@bigc208]

I’ll go Grey again when they’re 30% below the AD. That’s how I got my GMTII in 2001.

[@chrish9311]

I keep hearing prices are lower but this guy still lists a LV at 12450 pounds? Rolex are pumping out subs so how is that not going to drop in the future... ? Seems like bait and switch tactics.

[@craciunu]

Most of the ADs are good, with polite people. None tried to sell me something I did not want. There is never a discussion around the price. Yes, you have to wait a bit. So what?! It’s not like you’re loosing your flight if you don’t get it on the spot.

[@troisk]

You're missing the point. If there was a guaranteed and transparent wait list system, with a deposit, and reasonable wait time, I'm sure a lot of people would accept to wait. The problem is there 0 guarantee you'll get what you want after waiting + the wait times are ridiculous to begin with. We're talking about waiting up to 2 years for a Steel GMT with 0 history, sometimes more in big markets. And that's assuming you have a good relation, follow up regularly, with the same person, etc. Plus MSRP will have increased by 10% in 2 years. And for models like the Steel Daytona, any honest AD will either tell you A/ Wait list is closed due to demand and minuscule supply, or, B/ You have to establish purchase history as a repeat customer to even entertain the chance of getting one down in years from now. If an AD gives you a "5 year wait time" for a Daytona, it means you'll never get it...

[@craciunu]

@@troisk I am not missing the point. Just saying there is no huge problem with most of the dealers - I tried quite a few, in various cities, various countries in the EU area. Sure, there is a list, sure you do not have control over the delivery time and some of the models might be out of reach completely. With Ferrari etc. is the same - you cannot buy whatever you want, whenever you want. You can always opt for a grey dealer - no problem, but only because you want it now, with the attached premium price - not because the ADs are pushing you to buy something else before, or because they are rude or anything like that. Some might, but I don't think there are many.

[@troisk]

@@craciunu That's why I said you were missing the point, because you're talking again about how nice ADs you met are which is irrelevant for most people. People don't buy grey because they met an unpolite AD once, they buy grey because wait times are unreasonable, inconsistent and have 0 commitment attached. So it's not paying a premium to get a watch immediately vs waiting a few months - if you want a BLNR GMT it's paying a premium to get a watch immediately vs waiting maybe 2+ years, with 0 guarantee, and 2+ years of MSRP increases. Part of the blame goes to Rolex for insisting on setting no guidelines for allocations and relations between ADs and customer (they clearly state in AD contracts that were leaked they take no responsibility in that), part of the blame goes to the vast majority of ADs who give you unreasonable wait times, or reward (even if they didn't ask), people buying more than others... So again, good for you if you have a polite and nice AD, and good for you if they're somehow announcing and meeting reasonable wait times - but this is not the norm otherwise there'd be virtually no grey market apart than for used watches.

[@joonkt3483]

Try waiting 6 years for a sea dweller and you'll change what you just wrote. I've given up and told the AD to stick it up their under side

[@rjny51]

WTF am I missing here? You quote $10000 RETAIL price on watch but you sell them for 12500-13000? Your " customers " eh "CLIENTS" must have the word " Stupid " stamped on their forehead . Or " idiot " .

[@troisk]

Supply and demand. Same for anything in the world. Go try to buy a GT3 RS at retail and let me know how that goes.

[@rudimussrodeln]

@@troiskanyone who plays these games still is a hype driven idiot

[@junito1008]

Don’t you know that to stay on business you have to sell with a profit margin?? 🤔 or you want him to buy the watch for $10K and sell it to you for $9K??

[@johnrb9397]

I’m waiting for the prices to drop.

[@jacstoneu]

Been telling you guys for a year now the watch market is dead

[@05095921]

This guy trying to say 2nd hand watches are good value over retail. Cringe, he’s losing his arse 😂

[@arnie12344]

Love the Sunday night videos Charlie, keep up the good work

[@thehonestwatchdealer]

Thanks Arnie glad you like them, appreciate you watching! 🙏

[@rickriccardi9643]

I had a terrible experience with Bob's watches and they are one of the bigger Grey Market dealers. Bob's lied to me trying to low ball me on the watch they sold me. 🤑🤑

[@thehonestwatchdealer]

Very sorry to hear that Rick 👎

[@ty5967]

They make their money on buying your watch. If you’re looking for someone that is professional and has character, look elsewhere.

[@Dugiesrevenge]

Prices dropping like stones and your trying to convince people to buy grey🤣 at WAY over list.

[@manxvibes32]

Love your content Charlie! Out of curiosity, what size is your wrist and what size watch do you feel suits you best? I have a seven and half inch wrist and always feel that a 44 fits me better although I do wear 42 and 39 on nato"s to give them a bit more bulk.

[@thehonestwatchdealer]

So glad to hear you're enjoying the content mate, I really appreciate the support, thank you! I have a seven and a quarter inch wrist and I wear the 40mm Daytona Oysterflex Pikachu, with the larger gold shoulders I think it fits really well, but it's all down to how your eye sees it 🙌💯

[@watchthisspace2099]

Here’s the deal. You know the true colours of your gray dealer when it is your turn to sell them a watch. Be prepared to get a lot less from what gray dealers are going to sell your watch for.

[@akapellatoronto]

If I'm looking for a specific watch, prior to visiting a dealer I always call ahead asking what they would buy one off me for today. Gives you an idea of the actual value of what it is currently worth.

[@Laguna2013]

no call still after 2 yrs for a basic steel sub....so their behavior is holding stable!

[@BufanMuayThai]

Don’t know how you’re presenting your self and if that’s a factor, but it seems like You should find another AD for sure. Subs are in the safes.

[@milohenry1233]

Im buying after Xmas Jan -feb allways a drop in second hand market then

[@trevorfireball]

I really enjoy this show every Sunday. You do such a good job. From a fan in Los Angeles.

[@thehonestwatchdealer]

Thank you Trevor appreciate that, appreciate you watching over in LA! 🙌

[@nightclubpeople2077]

Big birthday so thought I’d treat myself. Went to my nearest Rolex AD who wouldn’t talk to me without an appointment even though it was a weekday morning and the shop was empty. Agreed to return two hours later and tried on a Rolex Air-King. Was told I’d be number 45 on the waiting list with the dealer explaining they have an annual allocation of 4 Air-Kings…..so that’s an 11 year wait!!

[@thehonestwatchdealer]

That's unbelievable mate, especially for an "entry level" model! Sorry to hear they didn't give you the service you would have hoped to receive for your birthday. Good luck with any future purchase mate 🙌💯

[@taylorTSAI888]

White panda for 27,450 is crazy....

[@abmorose6531]

First time here, love your clear and calm presentation . 👍

[@thehonestwatchdealer]

Thank you mate glad you like them, welcome to the channel!

[@davidbrown9947]

Those of you complaining that you have been on the list for x years, and still not got the call, tak the hint. Thy don't want to sell you one. Move on, and don't embbarass yourselves.

[@halfsourlizard9319]

I'm cynical enough that I've never believed that the list exists ...

[@shoa8929]

Charlie, another solid one! Question, how hard is it to get a two-tone champagne Daytona from an AD? Also, would you suggest buy to keep long-term and wear or pass on it? Thanks in advance!

[@thehonestwatchdealer]

Thanks for the support mate, I appreciate it! Shouldn’t be too difficult to acquire, it’s not the most sought after combination. Worth keeping in mind, you stand to lose money if you ever sell it! But if you like it you should buy it, wear it, and enjoy it 🙌🏻💯

[@Snapcracklepop541]

Me: the Rolex website says this watch is 10,xxx something… you want me to pay MORE? LOL. I’ll just save my money.

[@MrNagyonkigyo]

I wonder what do you think of the 1908 platinum? Haven't seen any for sale... what could be the 2nd hand price?

[@thehonestwatchdealer]

Very hard to say with them just hitting the market, we will have to see how they do over the next few months 👍

[@srspower]

I just can't take a man seriously who has decided to doodle all over his arms and hands.

[@carlbull8008]

Hi could you tell me if you have a Batman GMT ll around 2018 to 2022

[@thehonestwatchdealer]

Unfortunately, we don’t currently have a GMT ‘Batman’ in stock, however, if you’d like to contact us though our website we can notify you when one becomes available 🙌🏻

[@P8REN]

Maybe I’ve been lucky but my authorised dealer has always offered me the pieces I’m registered for?

[@thehonestwatchdealer]

That’s incredible, well done mate!

[@Fatboylo1980-l7n]

10k on top

[@royd72]

Can’t fault my AD, had a Pepsi and Sprite within last 6 months, hadn’t ordered either

[@TheJMedia]

So excited to pick up my first Rolex piece of 2024 from my AD! Got the rootbeer GMT II and so stoked!

[@thehonestwatchdealer]

Congratulations mate, enjoy it!

[@TheJMedia]

@@thehonestwatchdealer thank you I sure will!

[@simonmorris1626]

Good update as per Charlie, my experience with Ads has been ok really.

[@thehonestwatchdealer]

Thank you mate appreciate that!

[@sidneywachira9980]

Dying kicks of the grey market horse...the desperation in his voice is palpable. Hold the Line...down baby down.

[@craigcogley5071]

I've been offered a two tone Daytona white dial from my AD. Would you buy or walk?

[@thehonestwatchdealer]

If it’s one to keep and enjoy then yes go for it 👌🏻

[@kilbourn]

Are the subdials a different color on the new versus old Paul Newman? It seems like the subdials on the 116518LN are more yellow whereas the 126518LN subdials are more champagne and match the yellow gold case better.

[@thehonestwatchdealer]

Yes mate, the subdials are a slightly different tone of yellow and are additionally textured differently 🙌🏻

[@dannysimenauer5745]

Thank you for sharing your perspective on the Rolex market based on real world sales at LWC and feedback from buyers' experiences at the AD. Quite frankly if you pass by an AD in a shopping mall, you never see anybody walking out with a watch or shopping bag. Yet the AD claims every Rolex is pre-sold. I refuse to play "the buy something you don't want to establish a relationship" Pandemic Game with any AD. I have found great buys for non-Rolex branded watches. With my savings on non-Rolex, I can use the extra cash to buy a Rolex on the gray market; especially, as the market continues to reset in collectors' favor.

[@thehonestwatchdealer]

Thanks for the support mate, I really appreciate it! People are sick of the games, they just want their dream watches 🙌🏻💯

[@dannysimenauer5745]

@@thehonestwatchdealer EXACTLY!

[@Lpreilly72]

This is my belief: If you spend a billion dollars on a yacht, $50,000 for a single bottle of wine, or $75,000 on a watch, you’re not reading the room right.

[@cookingwithwatches]

Great content as always 🤙

[@thehonestwatchdealer]

Thanks for watching, glad you liked it 🙏

[@minhajkhaled7]

This week got my first purchase from ad a mint green 36 mm dj. Fluted bezel with jubaley bracelet. My brother in law put in a good word for me to the Ad.

[@markreynolds9135]

Jubalay??

[@KeepingWatchUK]

Luvaley Jubaley! 😂

[@minhajkhaled7]

@@KeepingWatchUK pardon the typo

[@thehonestwatchdealer]

Congratulations mate, enjoy it! 🙌

[@Seaward1224]

What should I be paying for blue dial yacht master 40 2021 year in like new condition today?

[@thehonestwatchdealer]

If you want to get in touch via the website we can take a look for you. Www.theluxurywatchcompany.com

[@Novilicious]

Damn that new Paul Newman is one sexy beast! I think grey market dealers such as yourself provide great liquidity to the market and I’m glad you exist!! Keep on flourishing ol’ sport!!

[@thehonestwatchdealer]

Thanks mate I really appreciate that! 🙏 Yes the Paul Newman sure is isn’t it! Thanks for watching 👍

[@butcho7492]

Enjoyed the video, Charlie. Thanks! 👍🏻👍🏻👍🏻

[@thehonestwatchdealer]

Thanks for watching mate, glad you liked this one!

[@grahamelgie9281]

Great Video again mate....if you have the dough then buy Grey above price you get it straight away .....if you are willing to wait then the ADs will come through unless its the proper models which we all know about

[@thehonestwatchdealer]

Spot on there Graham! Thanks for watching 👍

[@teenoso4069]

Do you source non Rolex watches?

[@thehonestwatchdealer]

If you want to get in touch via the website we can certainly take a look at sourcing you a watch. www.theluxurywatchcompany.com

[@albertsylvester2981]

THE PRICE IS DROPPING WELL IT'S A GOOD THING FOR ALL WATCH LOVERS THANKS FOR THE VIDEO

[@harrislee7367]

Which Daytona are you wearing?

[@thehonestwatchdealer]

The Daytona Oyster Pikachu 👍

[@harrislee7367]

@@thehonestwatchdealer beautiful piece mate

[@osptony]

another great vid, thanks. Why do I never see any Blue dial 326939s. There was a time when chrono had maybe 3/4 of them a few years ago. Recently.........NONE. Just wondering. Thanks again. Tony

[@Jeremias066]

Daydate?

[@assaadmitri631]

What about Datejust Wimbledon 41 fluted bezel with oyster bracelet? Is it going for more than list price?

[@grahamelgie9281]

YEP £12500 for that

[@thehonestwatchdealer]

Yes, this is a good one to go for 👌🏻

[@johncoote5134]

You’re right I wouldn’t believe….. I get mine from the AD with no dance…. Yes a v v long wait, but I’m not fussed Wouldn’t bug over list for anything in the watch field from a grey dealer - who’s “doing me a favour”

[@jeffthepilot]

The black dial Daytona is on fire!!! > Panda in the new reference.

[@thehonestwatchdealer]

Such a stunning timepiece isn’t it mate, some argue it wears better than the Panda! 🙌🏻💯

[@Rajjy]

It’s just a watch people. When second hand it will be worth much less!

[@gazandjan]

Grey Market is just about to go RRP or Below for Nearly all Watches

[@dannyperfect9270]

So you've got a 27% mark up on a standard date submariner. And Paul Thorpe always said grey market dealers put 5-10% on.

[@mkyhou1160]

How do you know what price paid for it? Also has to cover overhead, staff, lease, etc.

[@vadimdon]

How do you know how much he actually payd the client for his sub date? Obviously this bring such a desirable watch I don't think thr seller is taking retail for it

[@dademack3544]

@@vadimdon He's not giving more than retail plus sales tax, so there is no more money in flipping these, same as selling on chrono or ebay, by the time you pay fees, shipping etc, the flipping market is drying up quickly.

[@KC-bv9kf]

Market determines the prices. Don’t blame the sellers, blame the buyers.

[@johnhunterpPhD]

​@@KC-bv9kfI'll keep blaming the sellers

[@leeharding8306]

11k for a 8k sub 🤣

[@daveLin104]

That someone has worn and dine everything in it and you pay all them thousands etc. I can afford but couldn't bring myself to do that.

[@MarcelaR-dh1ok]

In the 60s Rolex would take a tiny ad in the back of a mag...250$ new.

[@beattybrothers8324]

How is the DJ 41 two tone Wimbledon performing lately?

[@thehonestwatchdealer]

It’s now an under-list timepiece like most of the two tone Datejust models 🙌🏻

[@vincelombardi2669]

Crazy how a yellow gold sky dweller is taking a hit like that. I have the same watch but with jubilee strap and I love it!

[@thehonestwatchdealer]

It’s such a stunning timepiece isn’t it mate, there’s no denying that! If you love the watch, market value is irrelevant, wear it and enjoy it 👌🏻🙌🏻

[@absolutely2935]

Deepsea - great watch , great value

[@thehonestwatchdealer]

Such a stunning model and a great alternative to the Submariner 👌🏻🙌🏻

[@czikra]

Love your honesty! I will buy from you, when the time comes!

[@thehonestwatchdealer]

Thanks so much for the support, I really appreciate it! Whenever you're ready to make a purchase, please get in contact, we're always happy to help you achieve that dream timepiece🙌💯

[@Sams911]

Buy where it's cheaper... AD when you can get it and gray when you can't and/or it's cheaper.

[@Timjacks01]

I would say I know where I am with the AD. I know he does not value me but I know the song and dance needed and most importantly I know the price. Going grey I’m sure they appreciate me more but prices are all over the place. Given most haggle it’s hard to trust them.

[@denbo74]

These grey markets guys have to be upside down on a lot of pieces at this point

[@tristanhipps604]

Like your high school friends that went into realty. It’s always a good time to buy lol

[@watchthisspace2099]

Will only buy at MSRP and if second hand, even if BNIb, never pay over retail

[@50calpulse76]

That gmt meteorite is awesome I want one

[@raylegend808]

Me too 😄

[@thehonestwatchdealer]

Such an incredible watch isn’t it! 👍

[@FormulaWhiplash]

My AD actually has a chunk of meteorite they're going to use to make matching cufflinks for meteorite dials. Pretty neat.

[@kukaki5845]

Stocks have piled up at ADs. They are even giving discounts.

[@MrHav1k]

I'm looking to snag an Explorer 36 and then quit the game (at least for a little while lol). When the global economy tanks, so do luxury items and what's a greater luxury good than a five (or even six) figure wristwatch?

[@troisk]

Luxury goods are not one size fits all when it comes to economics. There isn't a consensus on whether luxury is recession proof. Some brands/goods tank (already happening to GP and UN right now), typically the ones that were completely overblown and attracted temporary buyers. Some others still thrive. Rolex has a very unique marketing, brand image, appeal and the benefit of not being a public company. They've been at the top of the desirability pyramid for decades. They're playing the long game and don't care if they need to slow down production. That's why they only ever did small discounts decades ago, and now never do discounts anymore, while Omega and other publicly owned brands discount by 20% when they can't sell.

[@Klpinfl]

Waiting for a Sky-Dweller for nearly 4 years....I'm at the tipping point

[@thehonestwatchdealer]

That's ridiculous mate! Good luck with your purchase, hopefully you won't be waiting too much longer 🙌💯

[@nicolayrulov5566]

Always the best

[@4men4women]

How is Grey market cheaper than AD? Sky dweller reference for instance. How can you sell then 30% less than the AD? OBVIOUSLY. You would be paying even less than your listing price. Likely 5% give or take. So how lol.

[@HS-ed3dz]

What don't you understand?? It's a very simple business model

[@KC-bv9kf]

This is one of the best watch channels, especially if taking out the review channels. You are very straight, fair and not uncomfortable with the fact that you’re running a business. Absurd that people expect you to not to cover overhead and make money. And the sellers don’t set the prices, the buyers and overhead do. Thanks for the constant updates with prices and trends.

[@thehonestwatchdealer]

Thank you mate I really appreciate that, and you are spot on there! 👌🏻 So pleased you enjoy the channel, thanks for watching! 🙌

[@marioschuster]

I’m always standing with the grey market. It’s simply the more honest buying experience. I despise any “Dance” i have to do to get a watch im willing to pay 5 Figures for. Give it to me, and give it to me raw. If retail is slightly higher but I want the watch, so be it. Waiting 5 years or buy watches I don’t want to get what I want? GFY

[@thehonestwatchdealer]

You're spot on, mate. So many clients are feeling as frustrated as you and going to the grey. People are fed up with the games! They simply want that dream timepiece that they deserve, and they want it now 🙌💯

[@jbaily9270]

As a newbie to the luxury watch market and doing researching into the grey market dealers vs. AD’s, where is the best place to find current market prices?

[@opotopo1]

If you logon to Chrono24 and look at an individual watch, then scroll down you will see a graph tracking the value of that model over time. Hope that helps. Simon

[@thehonestwatchdealer]

You can look at the online selling platforms to get a feel for the current market prices 👍

[@HS-ed3dz]

😂😂😂 Recently someone invented something called Google. Apparently it's very good