Q&A #85 Paying Duties and Taxes on Your Personal Watches When Traveling and Going Through Customs?

[@karatechop7336]

hi roman Q&A tuesday is my favourite. I would like to propose a challenge if you dont mind~ You need to find the perfect 3 watch collection! The collection must include the following: 1 An everyday watch [one that you wear at home, at the store, on diy projects, take camping, and sleep with it on the wrist] 2 A casual watch [one you wear at dinner with friends or a night out, birthday parties, and any situation where you might meet new people that might take a glance at your wrist] 3 A formal watch [one you wear at a wedding, christmas, easter and new years eve] To make it harder your budget is $10000(or £10000 if you re struggling) GOOD LUCK! (love your channel btw)

[@yuseffreeman5288]

karate chop would love to see it without a budget too!

[@RomanSharf]

maybe tuff with that budget but I can try :-)

[@J-SH06]

Always interesting to listen to a man who knows their trade, whether it’s sweeping the street or cutting open peoples hearts . Pay attention and you’ll always learn something. No exception here.

[@RomanSharf]

Those are some creative examples Joe but hey, I'll take it. It's true that there's always something to be learned from someone who knows their trade😋

[@audemarspiguet2722]

Interesting point you made regarding the retail price trends. The only time I saw a big brand lower their retail price was a couple of years ago with the current model Vacheron Overseas. Although they never made it public (I’m guessing to preserve their brand image) but the price was lowered from c. 21.2k CHF to 20.7k CHF here in Switzerland🇨🇭. This was back when people were ignoring the Overseas completely, however, it might be different now that there’s more interest in this model. Price is still CHF 20.7k.

[@RomanSharf]

yes and often times these small changes are just to let currencies that changed in major markets catch up.

[@8Ilikeicecream8]

Hi Roman, subscribed to your chanel today after following Paul Thorpe's in uk.. loving the content and delivery! Peace and love from uk.

[@RomanSharf]

Hey Asha, happy to hear it, thanks for subscribing and I really hope you enjoy the content. Paul Thorpe is a good guy, also with a lot of watch knowledge. Sending some peace and love from Philly right back to you!

[@scottd7604]

Thanks! for taking the time out of your vacation to provide us with quality content!!

[@RomanSharf]

I love making content for you guys!

[@stevenp4958]

Roman, Seems like yesterday. Almost 25K! I clearly observed back at the very beginning that your hard work and commitment would afford you success. Onward and setting your sights on 50K. Be Well,

[@RomanSharf]

Thanks Steven, seeing the channel growing at this pace is really exciting and also great motivation :) Definitely reaching for 50K next and beyond. 😉

[@jerryotrim1901]

I'm not sure why but it makes me feel good when your psyched about your purchases. Plus very informative when you give the financial rundown given the original retail selling price and what your sales price will be.

[@RomanSharf]

We did think the financial rundowns would be helpful for some and it's difficult not to get psyched out over a great watch. I can't help it 😋

[@michaelpaulos420]

I bought my one of my fave's from you! Pester solD it to me. We are. on to the next one now!- you are a great help to your following. Thanks oR sharing with us. BTW- Peter is a BIG hellp to me! .

[@thewatchenthusiast5729]

Hi Roman One more interesting Q&A. My question to you is related to the answer you gave about importing watches. As an international traveler do I need to have any paperwork for my own watches that I travel with. I usually like to take 2 or 3 watches with me when I travel including the one on my wrist. Thank you for your answer in advance. John

[@mikemike0106]

The Watch Enthusiast, If you live in europe i suggest you do, customs can ask where they been bought, because of tax reasons. If you return from a trip for example and they want to know if you bought it inside europe or outside, you can show where they’re from. But again that’s inside europe.

[@RomanSharf]

For US customs no, but see below from @Mike MIKE010 about Europe they can be a real pain

[@RomanSharf]

@@mikemike0106 agreed

[@geroldatlarge1841]

Roman is on point with his import info.

[@RomanSharf]

It helps to have experience :P

[@scottlevin1695]

Roman is probably the sharpest guy in our business. Best part... SELF MADE!!!

[@RomanSharf]

Thanks Scott, that's much appreciated.

[@cliveb15]

Great show as always. Thanks for taking the time on your vacation to entertain and educate us all, keep up the great work, thanks Clive ( your biggest fan)

[@RomanSharf]

Cliveeee! Thanks for always tuning in and for all of the positive feedback. I appreciate you. As for the vacation, it was awesome but I do enjoy making the videos even when away. It's become such a part of my routine.

[@rickdeckard7470]

I like Roman honesty "..watches are not an investment, they are an expensive toy."

[@kittenfan]

i agree but those rolex wankers think otherwise.

[@RomanSharf]

Rolex is known to be that occasional "exception to the rule" because the watches usually hold their value really well but you have to know the market to know which is worth the $$$.

[@birajudoshi3463]

Roman Sharf very true! I learn that every time I buy a watch. You had said in one of the videos that was the most honest statement I have heard from any businessman, that you as a dealer can know how to and make money on watches, we as consumers aren’t as privy to that info (sure can get lucky few times). It goes for any business but that comment helps you realize watches are good hobby and there is a difference in that and a business. Lot of people think of this as a side hustle, make a quick buck but most are bound to get burned in my opinion.

[@carswatches864]

Informative as always, keep the quality vids coming! Thanks

[@RomanSharf]

Sir, yes, sir lol 😛

[@carswatches864]

@@RomanSharf Q&A Tuesday James Bond, with the release of the latest edition imminent my question/questions to you are as follows. Do you like the movies? and your thoughts on Daniel Craig and his Omega Seamaster? Could they have chosen a better and more suitable watch or brand for today, having used Rolex, Pulsar, Seiko, Tag and Breitling in the past? Which watch and compulsory gadget would you choose from all 24 films? Hopefully a fun question for you to answer! Thanks again for sharing your knowledge and time, love the videos.

[@miroslavrnjakovic8850]

This is what any collectors mantra should be:"buy what you like".

[@RomanSharf]

Nice to know others agree :)

[@asset_investor]

Great Q&A Roman!! And thanks for the add on Facebook!!!!

[@RomanSharf]

Thanks William, happy to have you as a fan and a FB friend :)

[@The_real_Mr_Ghost]

Great videos as always, what is your opinion on Ap Royal oak chrono 41mm silver dial? value, popularity and can they be a future collectable?

[@RomanSharf]

Love the watch but you know I am biased I love AP, but you cant go wrong with pretty much any Steel RO, blue dial would be the better one.

[@nikoladamjanovic]

Speaking of materials...I am curious about differences and sustainability in rose/red gold color between the brands. For instance, I’ve had a Vacheron Toledo in rose gold, bought it 2007 and it lost color fairly quickly, within couple of years, and looked totally yellow gold (main reason why I god rid of it). I know that Rolex for instance claim their ever-rose gold stays the same, and that copper inside never oxidize…. What about other brands like Patek, Breguet, Journe, V.C, AP? (Journe and AP look pretty red in color, idk if it stays like that) I don’t think this topic was ever covered, but it is important for us to know before buying… I am looking at VC traditionnelle with guilloche dial, looks stunning in rose gold, but I’m afraid of it losing the color…

[@RomanSharf]

I hate to say this but overtime most rose gold watches will loose color

[@nickkorr]

I love the backdrop! But 90% of the screen was covered by your face ! Great effort though! We stand by you!

[@RomanSharf]

Sorry to block the scenic view lol

[@kjakan79]

Customs broker? Where I live you pay 25%vat on everything you bring home from abroad. You have to show the invoice. If you dont’t have proof of the buying price the customs can set a value.

[@miroslavrnjakovic8850]

30% here.

[@RomanSharf]

Yeah the US is much cheaper and easier

[@bernhard8540]

sorry if this is a dumb question but me and my wife dont travel outside the states so we dont know but what do you do if your traveling outside the states with an expensive watch on or one in my bag and my wrist? do they charge you since the watch is over 600 dollars..? or does it only matter if you buy it outside the states?

[@mvsnforce]

Great video as always. Roman, what are your your thoughts on Gagá Milano? I have seen a lot of celebrities like Neymar, mainly in Brazil, using the brand. Although I don't like the style of the watches at all, they have great prices.

[@RomanSharf]

its an upscale fashion watch that never did much in the years its been around, most celebrities that wear them most likely got them for free

[@ahmeddemnati4444]

Hey Roman, I know you’re a big AP fan and I’m looking to buy my first AP. I have to confess I don’t know much about them but as you say “first and foremost buy what you like” and I like the AP. What would you suggest? Something that would rival the submariner in terms of material, Size and price. Thanks.

[@RomanSharf]

shoot me an email to [e-mail] and we will put some options in front of you!

[@seansnowden3153]

Great video,, have a nice holiday 😎😀

[@RomanSharf]

Thanks Sean, I appreciate that!

[@freakincrazy6932]

Another great video. Quick question regarding Asian market. Due to the coronavirus, are we starting to see a slow down in watch sales. On my travels around the world. I usually see in high end shops, Chinese customers buying all hyped expensive goods. I'm hearing now that some ADs are calling customers at more frequent pace for hyped watches with long waiting lists. Some ADs are admitting it's due to less chinese customers coming in. Will this cause a small correction in the market. May this just have to do with just some stores receiving higher quantity of inventory. I'm looking to potentially add another Rolex steel sports to my collection this year. Either explorer 2 or submariner hulk or explorer 1. Thanks again.

[@RomanSharf]

Already taped a response to this question from many others stay tuned!

[@derekosner7196]

Hey Roman. Watch your Chanel often. Love your content and insight. I am in the market for a pre owned watch. Really looking for the best value. What watches have you seen drop the most $$. Let’s say a 50k watch that’s now trading at 10k or similar. Trying to get the most “bang for my buck” ps. I’m local to your shop would love to stop by sometime.

[@RomanSharf]

Derek, we'd be happy to have you, you just have to make an appointment ahead of time. Price aside, I'd like to know a little more about the kind of watch or style you're going for. Can you tell me more?

[@RomanSharf]

or better yet shoot an email to [e-mail]

[@derekosner7196]

Roman Sharf sorry just realized I have to check my inbox for reply’s. Looking at a Hublot spirit of Big Bang, AP royal oak rubberclad with a white face, or really anything else that catches my eye. Just looking for a good watch that I won’t get beat up on later in life if I decide to sell.

[@Ranghocsing]

Great video... nice Q&A as always

[@RomanSharf]

Thanks Robinson!

[@Ranghocsing]

Roman Sharf your always welcome and love the video you do... if ever have you plans in Manila pls do informed me I would love the meet the man behind the a late crystal ball haha

[@RomanSharf]

@@Ranghocsing lol you got it!

[@Ranghocsing]

Roman Sharf where can I send you information so we can meet someday...

[@birajudoshi3463]

Hi Roman, Another great Q&A vlog. Thank you! hope you enjoyed Aruba! I have few questions: 1. Are the double signature dials or case backs with significant well respected brand or royalty still being produced by any manufacturer? Such as Rolex with Oman khanjar crest, Tiffany & Co with Rolex (I understand Patek - Tiffany & Co, dials are still possible and I understand some blogs like Hodinkee have limited editions but I meant more exclusive or important such dual dials or case back engravings). If so, what are your thoughts on them holding value? 2. What are your thoughts about Valjoux 72 and the hype around it? Are there deals to be had from brands that used that movement but havent garnered much attention (such Enicar lately) Thanks, Biraju

[@RomanSharf]

Thanks Biraju, Aruba was awesome and I'm glad you enjoyed the video.

[@erikg007]

Silver can probably be made to not rust, and gold is not a durable metal, no.. but for people who want a more exclusive material than steel, there is already white gold

[@extraselection2423]

Unsure if you respond to comments but I’m wondering if I should sign up for the Rolex waiting list for things like the Pepsi or hulk. I can’t afford to keep them but I would be signing up and waiting for the call so I can flip them. I’ve heard that they don’t give you a Rolex card anymore and instead they will give you a paper copy, is this a problem with selling it after you buy it?

[@Illinination53]

Good stuff big roman

[@RomanSharf]

Thanks Juan!

[@leicesterchua6187]

Hi Roman, many thanks for your video. i have been watching your channel for a long time now. Thanks to your constant introduction of AP, i pulled the trigger and bought a brand new AP ref. 26401RO.OO.A002CA.02. AP has taken away all dealerships in singapore and theirs watches are only available in their boutiques now, do you think that such a strategy will increase the price of AP in the secondary market in the shorter term? Many thanks in advance for reading and answering my post.

[@RomanSharf]

this strategy already has!

[@android61242]

Interesting. Thank you Roman.

[@RomanSharf]

Glad you found it interesting, thanks for watching, Bob.

[@egorpolyanskii-ul8ui]

What happens when you travel with your watches? You still have to pay customs even if you only visit a month?

[@AndyHongFJ]

appreciate your videos!

[@RomanSharf]

I appreciate you! Thanks Andy!

[@AbdulRWatches]

Thanks, Roman for the always informative Q&A Tuesdays, And I really like the location this time :D I would rather be there than anyplace else :D What do you think about the Coronavirus, is it the black swan event that will shake the market currently, especially in the hype pieces? (RM, Rolex, PP Steel) Keep up the good work :)

[@RomanSharf]

Already filmed a response to this so stay tuned!

[@menaseven9093]

Nice vacation in Aruba Roman Shaft.

[@RomanSharf]

Thanks Mena

[@caseyj.2748]

You make me want to visit Aruba! Is the Frederique Constant Flyback Chronograph Manufacture FC-760DG4H6 a good buy? I'm thinking of buying one because of the complications, and it looks cool. Also, I would like to see you speak on what you think of F.P. Journe and what they mean to watchmaking. Thanks and keep up the good work!

[@RomanSharf]

Aruba is a beautiful travel destination. I highly recommend it. Casey, email me at [e-mail] so I can answer this question directly.

[@caseyj.2748]

Roman Sharf I sent the email. Thanks.

[@caseyj.2748]

Roman Sharf Sent. Thank you.

[@alanmentzer8756]

Thanks, great insights.

[@RomanSharf]

Happy to provide them, Alex. Thanks for watching :)

[@pgpyahoo]

Q&A Do they play 2pac in Aruba?

[@RomanSharf]

LOL yes

[@bernhard8540]

I would love to hear why Roman think women aren't as into watches and the collecting as much as men :)

[@RomanSharf]

I wish there was a more solid answer but pretty much 99% of my demographic on KZbin is men. Lol. That's how much women aren't into watches. Maybe they all gravitate to Jenni's channel 😋

[@blagovestvlahov9160]

good job

[@RomanSharf]

I do my best. Thanks Blagovest.

[@ChatMasala]

In #India Custom duty is fucking insane , Thats the meain reason I am not able to buy from outside . Here in India its 30% on watches in total .

[@RomanSharf]

Wow, 30% is pretty wild

[@dgtl_nico]

anyone has a contact of a customs broker in miami?

[@007-i6z8v]

Were those two Russian mobsters walking behind you Roman, judging by they're tattoos?

[@RomanSharf]

Lol, who knows

[@stupitt6989]

👍

[@RomanSharf]

😀

[@watchoutticktock3660]

✌️🇬🇧

[@RomanSharf]

✋