Expanding My Watch Business with Exclusive Patek & Rare Rolex Watches

[@padingarage9306]

Cool to see AD back door deals are booming, while an AD customer waits years for a watch of their choice. Everything is available!

[@greenrush4313]

I know what a joke

[@greenrush4313]

and u get charged up theass

[@connorw808]

All this waffle to say u want bigger margains on bigger pieces. 💤

[@greenrush4313]

YOU SHOULD PRAISE PHIL FOR DOING THIS FOR ALL OF US. KEEP IN MIND HE DOESNT NEED TO MAKE MONEY OFF WATCHES THAT ARE WAY OVER VALUED IN THE GREY MARKET. NOT AT ALL. PHIL HIMSELF KNOWING WHT HE KNOWS WOULDNT BUY MOST OF THE STEEL WATCHES DO TO DOUBLE THE AMOUNT.WHOS THE STUPID ONE??ITS NOT PHIL

[@kevletmein]

The danger you have is, people are more likely to part with 10-20k with your business despite you not having a ‘shop’ as such. They’re a lot less likely to spend 50-150k with you as it doesn’t feel they would have a lot of recourse if something went wrong. My advice would be to keep doing what you’re doing and keep selling watches to the people you have already sold to. Make a slightly larger margin as the years roll on. Stay in your lane if it’s working. You also don’t have the issue of losing out on big pieces with vast sums tied up if the market suddenly changes which as we all know does happen from time to time with the world being a very crazy place at the moment.

[@davidbrown9947]

^exactly this

[@TJR82]

Nice that you upgraded hair and clothes too! 👍

[@Madeinlondon67]

I thought that the Watch market was dead but every grey market dealer are saying they’ve never been so busy 😂

[@j.w.1329]

Just because prices have dropped dramatically doesn’t mean the market is dead, just means it’s a buyers market so everyone is buying up at good prices

[@Madeinlondon67]

@@j.w.1329 The markets drop because of lack of buyers. That’s the case in all businesses. A year ago you couldn’t even speak to Rolex AD’s but now they are calling clients, Fact.

[@Mimikatun-g3q]

Great collection

[@apurbopaul4799]

Beautiful video❤

[@toastman6847]

Comparison is the theif of joy, but also key to motivation.

[@Mdromjan-u2k]

Nice collection ❤

[@MarkSamuel1982]

Rolex's sell themselves, especially the sports models. Be careful at the higher end of things where things can take much longer to shift. You'll need to have deep pockets to hold things and patience. I recall you had an Aquanaut that couldn't sell a while back and you had to resort to buying the rubber strap to make it more appealing. Selling high end pieces is a different business to the Rolex gravy train

[@davidbrown9947]

Don't spend 50 k plus on a watch from a back pack flipper FFS

[@alangordon8171]

Agreed. I find it bizarre this type of business model can thrive. Why would anyone buy a watch from this guy? Buying luxury watches should come with a luxury or at least upmarket experience, not meeting in a random coffee shop for handover. No training in watchmaking or experience in watch retail, no store, no ability to browse different pieces before buying, no in-house watch specialist, no 1 year warranty. I could go on. Will the business be around this time next year?

[@davidbrown9947]

@@alangordon8171 100% agreed. My bet is he is struggling and loaded with non shifting inventory, and that causes cashflow headaches. He needs to continually sell to buy. I guess he wont be about in 2 yers time. He has done some TV cooking stuff. His ego is off the charts

[@MDJoy-ul2qp]

Awesome ❤❤

[@RifatRifat-b5t]

Good collection

[@afvro75]

That Daydate 40 yellow gold green ombre dial is amazing. I'm trying to get it from one of my ADs.

[@JtTanjinaislam]

Nice video ❤

[@kaosarhamid3945]

Wonderful

[@TrekTales103]

Beautiful

[@finney8860]

Forgive me if you have done this already but have you made a video talking about how you started your business and got your first few customers ?

[@Nick-jn3mm]

Luigi talking shit as usual, opens the same boxes over and over, notice his subs have not increased in absolute ages. His taste in clothes is off the charts, where on earth has that jacket come from, bet you have the matching ruck sack to go with it. Luigi the Watch expert and fashion icon. Living the dream in his own head.

[@Dannyyolooo]

Lol that jacket 😂

[@rexmundi1812]

Topman 1999.

[@KanizFatemaSuchi-e9n]

Nice video

[@davidbrown9947]

Who authenticates these watches?

[@rexmundi1812]

Absolutely nobody.

[@crsabbirff9215]

Nice watch

[@EstanabintabasharEstana]

Nice ❤

[@Jasperroodog]

27 watches sold, well done , I’ve noticed you’re still not VAT registered, is watch broking VAT exempt

[@samt5393]

He will be on the margin scheme

[@PhilReid]

Absolutely not VAT exempt... and I've paid more VAT than I care to think about

[@Madeinlondon67]

@@samt5393?

[@Jasperroodog]

@@PhilReid cheers , the margin scheme is interesting, what about import duties when you pick up a watch abroad

[@MdShahin-u9u]

Nice🤩

[@MdDidarhosen-v3t]

So wow

[@henryrawinson318]

The watch market is dead in a back yard pool and facing face down.

[@TamiaJahanTonne]

Nice😊

[@MdRasel-rq2lf]

Nice...💞💞💞💞

[@RaselMia-tl1bx]

Nice

[@HabibIslam-j4n]

Good

[@r1pperuk]

You are a UK dealer so not sure we have the super high value clients like the USA in the numbers you want anyway.

[@nurseb9111]

Share that new loupe details!

[@stevenLL]

Upvote button smashed!😂

[@theadventuresofwolf5.77]

If you are rich then why do you live in a rinky little apartment 😂😂

[@irreview]

More wrist shots please

[@Flaw.oneson]

Sells a Patek wears a brown suit jacket (at home)

[@PhilReid]

Hope you enjoyed the week! Get in touch for watch related questions. Hope you're smashing it!!!

[@Dannyleeds22]

That jacket is an awful fit

[@David-yd6ur]

'An' irregular... You sometimes struggle with your indefinite articles.

[@waynemoore9951]

Say your getting 2-3k profit on each watch, how many watches are you selling to sustain living in London etc

[@rexmundi1812]

There’s no way on gods green earth he’s making 3k on a watch, more like 3-500.

[@zahidpasha145]

Good to see you on the way to success!

[@tabir6071]

Wow

[@MdsamimKan-f1h]

Wow🎉🎉🎉🎉

[@diefenbachfravert]

Ever since I bought a watch from MAMACOO, My question is if it's this hard to tell them apart, what is the point of owning an authentic watch?

[@arronhughes6393]

Is that Rick Astley?

[@geezer8294]

make sure taxes are paid as you expand the business

[@greenrush4313]

Phil is a darling jusy a darling.Look up what it means phil

[@abdulbz]

The audio hurts 😅

[@TusarImran-w9c]

Nc

[@tonysabres]

I wouldn't be making these blingy videos if I were you, if the wrong people see them & know you've got expensive watches on you, you'll soon be parted with them, the I'll fitting Brown Double Breasted suit won't fool them

[@greenrush4313]

Kid sweetness philo

[@John-wf5if]

You should branch in to stone dials. Tigers eye, malachite, lapis etc.

[@15media23]

So much salt in these comments. I respect anybody who finds margins in buying/selling items and carves out a living for themselves. The watches aren't to my taste, but I respect the insight to the workings of the business and the dealmaking. Would love to see some vintage watch business on the channel.

[@BenBlackshaw]

I’m after my first Rolex budget of 7-10 grand ???

[@David-yd6ur]

Was that a question?

[@BenBlackshaw]

@@David-yd6ur yes my budget is low but it’s my first watch

[@David-yd6ur]

@@BenBlackshaw Are you asking advice on which watch to buy for that budget?

[@BenBlackshaw]

@@David-yd6ur yes and to see what u have available

[@David-yd6ur]

@@BenBlackshaw Me? I don't sell watches. My opinion, for what it's worth, would be to look at Submariners - that was my first Rolex and one which I still have. Of course, you have to love the watch you choose.

[@Macd3ddy]

Boring video

[@AriyanAsif-n2t]

🖤❤️‍🩹🫶

[@henryrawlinson3953]

The watch market is dead!

[@David-yd6ur]

Bless you!

[@freedomforanimals-yw3zw]

you ever thought about the people that rolex was actually made for? the wealthy people with good jobs and entrepreneurial business owners that can actually afford rolex watches comfortably without a second thought on if they can afford it. them people do not care if they buy a batgirl for 14k wear it a few years and sell it for 11k or less or px for another one as an upgrade.. the people that think the watch market is completely 'dead' are the ones that bought one as an investment in covid because they were all going up because of the demand was crazy due to people 'investing' instead of buying a watch they like regardless if lose money or not. Trust me when i tell you there is still plenty of wealthy people buying and selling there watches especially in places like london

[@pepe8442]

Rolex click bait rubbish!!

[@davidthomson3592]

Take your little brothers jacket off kid it doesn’t fit 😂

[@MstriyaAktar-c1s]

Great collection

[@Md.NurulAmin-x4w]

Beautiful

[@mdhimu-b8w]

Good video

[@Sanzida-p6k]

Nice

[@sajidbay5567]

Good

[@ShafinChowdhury-uw6ul]

The watch market is dead in a back yard pool and facing face down.

[@mdanoy8392]

Nice

[@FatemaAkther-s7n]

Nice