Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%.

Here are a few details from inside Luxury Bazaar. Pretty much a dumpster fire, I kind of took it easy on them tbh...

[@zachjones8669]

No chance of selling. Roman knows that. He simply wants the PR that comes with claiming to have a sellable business worth $150MM. They are desperate for positive press in a shrinking market and amid increasing scrutiny.

[@CrimePiece]

agree w/ you Zach

[@lasskinn474]

why the fuck anyone want to buy a company that comes with baggage of not being able to sell certain brands? like you merge that business into yourself and you don't get out of that you just merge the obligation into yourself.

[@CrimePiece]

@@lasskinn474 the Rayban lawsuit is enough to scare buyers away. You got caught selling fake stuff by a gigantic company, so another massive company is going to come in and buy your business so you can retire and they can lose money?

[@WatchReporter]

The business has minimal enterprise value. The only value is the customer list, and inventory.

[@NorthKoreanSimp]

roman makes his money off selling fake merchandise on rue la la

[@TheSkatereel]

You forgot that they don’t have a reputation for class… I don’t buy watches from a guy that dresses like a 15 year old.

[@CrimePiece]

good point. He looks like a guy on a pit crew for F1.

[@tyarnold4088]

​@CrimePiece so he looks like a straight up Hick?

[@NorthKoreanSimp]

@@CrimePiece😂😂😂 to me he looks like a russian jewish billy goat 😂😂 sharf ain’t his actual last name either

[@floridaboybrandon954]

Idk many 15 years olds that wear $5-10K outfits 365 days a year 😂

[@MTbone7]

We need Coffeezilla on this

[@CrimePiece]

im the budget version of coffeezilla. Roman is too small for him to go after.

[@JohnDoe-gg2xc]

@@CrimePiecekeep it up bro please your gonna blow soon mark my words

[@justinbernardo8240]

@@CrimePiece its not too small for the amount of money hes scamming.

[@easynow7425]

Keep up the great work!

[@Subcomandante73]

So you have a budget of $100k and decide to buy a watch from a guy wearing sweatpants? My old gran used to say that some folks have more money than sense :)

[@CrimePiece]

you wouldn't buy a $100k watch from a guy that was selling iPhones at T-mobile last summer>?

[@lasskinn474]

no you buy from anthony and make 20% in 6 months! you get a CONTRACT

[@FortyNightsMusic]

@@CrimePiece I've always wondered about this. All these Grey Market guys have such a slime-ball aesthetic. Go to an authroized Rolex dealer, and things LOOK like you're about to spend $50K plus. Workers are dressed professionally, and give a service you'd expect for spending that amount of money. In no world would I walk into Luxury Bazaars office and hand them more that twenty bucks. Because that's what it looks and feels like in there. A twenty.

[@eduardoarty1228]

Everything our grandparents said it’s true 😅 they knew .

[@AnonymousGameWarden]

Jay Z is a billionaire and wears sweatpants to meetings lol. Fashion choice is not always the key indicator when it comes to high net worth individuals

[@stockholmpublishings2937]

I think it's hilarious. They have 9 marketing ppl, and 3 official salesmen. It's obvious where they want to invest, in the branding of the company that results in automatic sales through the website and not in sales ppl or their salaries.

[@survivalSC]

The salary is the investment in sales people. Sales reps will always have a high turnover. You invest in the customers and the better sales reps will do great and the sales reps just looking for a free ride get fired.

[@Lili_Ren]

This video is totally great, i really love everything that is mentioned in it, they deal with a very interesting topic for me. You have actually given me more details than what i had expected. This is so helpful and it will be selfish if i didnt share.Thanks so much and please release more like such.

[@ChrisCoombes]

The fact that sales staff have to create their own leads tells you the value of the company. Wouldn't a valuable company be generating its own business because people loved the brand?

[@CrimePiece]

great point Chris.

[@survivalSC]

Most sales jobs the sales reps generate 90 percent of their own leads. That’s one of the reasons you hire sales reps. Maybe if your selling furniture at a store you just stand there until someone walks in. But phone sales you get your own leads when selling things like watches and jewelry and b2b services

[@ChrisCoombes]

@@survivalSC ah ok - seems like hard work, I wonder if it’s tempting for some people to sell as a solo operation.

[@idonjohnson6999]

During COVID it looked like everyone wanted to work for Roman. Like get rich quick. How times have changed.

[@user-mw8hw4vw6v]

Wouldn't buy from them anyway. A friend of mine called them for an OP41. They just blew him off. Then when he called back to complain they got shitty. You better walk in looking for a $40K piece or this Grey market dealer will treat you like an AD treats it's customers. .

[@CrimePiece]

I've seen pretty similar stories.

[@TwentyOne_Five]

Surviving this comes down to 3 things: 1) DEBT: how much debt is on the business AND Roman’s personal residence? Debt must be paid when business is bad PLUS interest rates have skyrocketed back to normal. 2) REAL ESTATE OVERHEAD: what’s the monthly cost of that huge facility? Look how small CRM looks for sq footage. 3)INVENTORY VALUE: what’s the book value of that inventory. Is he underwater a ton?

[@lasskinn474]

yes. the running overheads and the financing overhead, if he was stupid and bought stuff on debt. couple with inventory value going down. 1 + 3.

[@patchesohoulihan9826]

The jewelry part of LB isn't owned by Shart, that belongs to Gary, Alex, and others. He also doesn't include the company's value in his net worth for some reason. It has been published that the profit for LB is around 8.4 million a year on 150 million in sales. A vast majority of the retail sales are blowout luxury goods like the fake RayBans.

[@DanielmaniaTSU]

Nothing worse than working in an exploitative environment and how unfair that even with so many laws such injustices still occur. The environment is stressful and toxic, and the pay for salespeople is low at only $2,000 a month plus 8% commission on profits. In addition, the lack of leads makes the job even more difficult. Thank you Amigo for speaking out and telling the truth, maybe more workers with the same conditions will be encouraged to speak up and fight for better working conditions as well as better pay.

[@user-xf6ry2ib4p]

Everything discussed in this video is very clear and very well explained for easy and better understanding. I appreciate the depth you go into in your video

[@rickdeckard7470]

LB latest Mr. Beast stunt shows the dishonesty and how they are willing to sell out for clicks.

[@HRM.H]

I hope they realize they would earn more if they worked on their own. 😂 But most of these dealers have solely been focussed on hype pieces, so their knowledge outside of that is actually quite lacking. And they dont have the funds to get into the hype stuff.

[@jesvnt4128]

Roman Sharf's (Luxury Bazaar) salespeople making just Nothing worse than working in an exploitative environment and how unfair that even with so many laws such injustices still occur.The insights shared here about low base salaries and reduced commissions provide a perspective not often discussed in the luxury industry. The most admirable aspect of this video, in my opinion, is how relatable it is. I keep watching it again since it touches on common topics and experiences. Thanks for sharing the informative videos with us, I really appreciate your thoughts.

[@georgezagr6627]

No one will purchase LB. If any company purchases anything g from them is their stock. Their name is worth zero at this moment. Goodwill ( the name that’s been built up over years and years of success ) is the only value they dream of selling but unfortunately for them their goodwill is worth zero.

[@lettuce1305]

yup their goodwill is zero, LB brand might have some weight 10-12 years ago but these days there are too many secondary grey dealers offering the same things, there's nothing in there including the youtube channel where other people can't do. Roman would only be able to liquidate the stock at bargain basement prices, that's all.

[@idonjohnson6999]

But you do get Adrian, right?

[@Nae395]

Watching Trav pretending to authenticate a watch is like watch an infant trying to open a tamper proof bottle.

[@lipsapal-xs4vx]

The fact that sales staff have to create their own leads tells you the valu of the company. Very nice .Thanks for sharing us.

[@LilyMondal-tr1uv]

Amazing and useful video. You just made all the information very easy to understand. Thank you for your valuable insights. Very much appreciated.

[@boombringer4078]

Larceny bazaar........ Yea its another "company" where it just feels sleazy.

[@Sammy19327]

Roman sold his soul to the devil. Was clear he was desperate for the attention Anthony brought him, looks like he got it.

[@chaosknight6658]

Understanding the rationale behind such decisions, whether it's driven by economic factors or a strategic shift within the company, can provide valuable context. Open communication between the management and the sales team is key to addressing concerns and finding mutually beneficial solutions.

[@GargiDey-pf5ji]

It touches on common topics, very clearly explained thanks for sharing this video .I literally learned a lot from you, thank you.

[@CrookDanny]

Over/under on how many times someone has uttered “you eat what you kill” in that building? 😂

[@AnkitaDas-qq4pi]

Impressive video. It's clear and easy to understand your explanations. I literally learned a lot from you, thank you.

[@PriyaRoy-nc9iv]

Impressive video. It's clear and easy to understand your explanations. I literally learned a lot from you, thanks for sharing us this video.

[@Lurthatgurl]

Thank you for another great video!!!! So happy Dave, Peter and Chris got out. Marco and Kevin I don’t think have the balls to walkout.

[@CrimePiece]

hey Lara, hope you are feeling well. Have a great weekend.

[@Lurthatgurl]

@@CrimePiece hi! Doing ok, one day at a time. Have a good weekend also.

[@DecemberNames]

I used to visit 47 street diamond district and always thought the whole area is shady AF, with all respect to them and their Hussle. Recent events prove my experience correct.

[@bonaadventures897]

Would never buy a watch from LB. People have left that "company." Watch market sucks now. Everyone, I'd imagine, is struggling.

[@kashmirakhatun-gp7mp]

The most admirable aspect of this video.. I keep watching it again. Very clearly explained thank for sharing

[@GabrielPereira-li5jx]

The content of your videos was a great help for my knowledge and for me to love your channel, because you always have good information.

[@mohssinajaiz4906]

I understood everything perfectly, the explanation was impeccable, you help us a lot with your videos, thank you,

[@chichoM3]

Sell what? Roman is the company. There’s nothing else.

[@chandraroy2844]

Your video is incredibly informative and well presented..the way you explain everything is just amazing..thank you for sharing with us.

[@user-SudipaGhosh]

Thank you for the great video.Its delight to watch this video. Looking forward to more videos. Keep going.

[@Americalus]

I have found your tips very useful. this was something I was needing to see.

[@MikiRoy-et7hj]

Your way of explanation is impressive. It's easy to understand.Thanks for sharing us. You r amazing.

[@Amine-El-bousiydy]

Thanks for the scoop on Luxury Bazaar! 😲 Low pay, no leads, and a questionable partnership with Anthony? Yikes! The potential company sale seems like a stretch. 🤔 Your insights are eye-opening!

[@DonaRoy-xo3ko]

Amazing video. I appreciate your hard work to make this video. It helps me a lot. I learnt many more from this video.

[@diyaghosh5640]

Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8% is an amazing content. Each part of this video is very important and informative. I like your all videos and waiting for another one. Thank you for sharing.

[@sflspotter6638]

How about I throw this out there. One of the first investors in TPG they hid their identity correct. Maybe it was someone you’re talking about here was laundering $$$ through TPG. I think there would be a buyer at a deep discount yes. But, for Rolex to come through and buy LB is a joke. They don’t need his brand actually in reverse LB needs Rolex. Great video once again keep em coming.

[@CrimePiece]

would make a lot of sense

[@adkcreation459]

It is too easy to understand ur video,the way you given a explain everything is just good..thank you for sharing with us.

[@Artin_Mop]

The requirement for sales employees to generate their own leads is indicative of the company's worth. Really good. I appreciate you sharing this. Nice video.

[@BAF605]

The truth was always there for those who had eyes to see. A watch seller based in a prefab building on a low rent industrial estate in Nowheresville. Luxury???......... Bizarre!!!

[@CrimePiece]

LOL, building is garbage and across from a truck yard. Probably lot lizards hanging outside their office.

[@SuparnaNayek-te3di]

Your video is informative and easy to understand that's why I learned lots of things from this video..thanks for sharing this❤🙏

[@ArpitaSarkar-uw6mj]

Thank you for sharing this video. The content is very nice and interesting.I hope they realize they would earn more if they worked on their own. But most of these dealers have solely been focussed on hype pieces, so their knowledge outside of that is actually quite lacking. And they dont have the funds to get into the hype stuff.

[@IcaroMatiasSousa]

The video has very good information so I really like your channel, it makes my knowledge grow.

[@ahmedramis7541]

They were originally a retailer and gradually bought into manufacturing...thanks for sharing this video..

[@JonPal138]

Thanks for sharing this video. You described everything very clearly. Such a nice video.

[@MitaSaha-nc3go]

I liked this video about how Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%. Loved how you explained this topic, I am enlightened to learn about these facts, thank you for your effort

[@pameladutta3553]

Very informative video...I like this video ..Perhaps Roman feels the Rolex CPO and others will eventually gather steam and take a huge bite out of the gray market. Rolex certainly has the resources and the history to do so. They were originally a retailer and gradually bought into manufacturing...thanks for sharing this video..

[@pakairoy3513]

Thank you very much to this channel for presenting such a beautiful and informative topic. It's an amazing video. Thank you for sharing this wonderful video . Every thing was explained in detail.

[@rohitrahaman9654]

Video about luxury is very informative and productive. This video represent how budget is raised about product. Thank you

[@AnkitaMondal-is9ez]

This video is amazing and easy to understand. The information are really helpful for us. Thank you for sharing this video with us.

[@thomasmargolis6057]

Affiliation w/timepiece guy is not a good look. Door has been opened and the facts will come out.

[@IrvNgeno]

Wow,this is really amazing.I have liked this video since I have learnt something new.I will recommend this video to anyone interested.The content in it is educative.

[@KusumKumari-sv9zs]

It is an Amazing and useful video. Thank you for the information. Very much appreciated. You just made all the information very easy to understand.

[@traveuslawson2247]

Since the beginning they have referenced the movie boiler room....I am sure it is for a reason.

[@CrimePiece]

I never noticed that, but yea its basically just a telemarketing operation.

[@Lurthatgurl]

So true!! They are always referencing that movie.

[@williams8953]

I think roman still has avi hiding in the shadows waiting for the drug dealing kid to come buy a rolex

[@bobbyloads]

Business sales rely too much on him directly. If anyone would buy the it’s a purchase to lose your money. I’m guessing a lot of the stock is bought way over current market.

[@CrimePiece]

yea thats a great point, prices on hype watches continue to go down. How would any sales people make money off a percentage of the profit, that profit is gone by the declining prices alone.

[@SankariDas-fh9rp]

Amazing video about Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%. The video is very useful. Thanks for the video.

[@theRealDickDallas]

I wonder if Alec Baldwin has visited to explain the ABCs to the sales folk?

[@RiyaDutta-fc9xe]

Oh wonderful..Very informative video...I like this video very much..Perhaps Roman feels the Rolex CPO and others will eventually gather steam and take a huge bite out of the gray market. Rolex certainly has the resources and the history to do so. They were originally a retailer and gradually bought into manufacturing... Keep it up..thank you for sharing this video..♥️

[@jt-wh9gy]

You are foolish to buy a $20K watch when it could possibly be fake...The fakes these days are so real.

[@trozz2273]

Excellent variety of innovative designs and great induction, grateful the shared knowledge is of great help.....

[@mistudey5634]

What I appreciate most about this video is its ability to connect to usm very amazing video.

[@ranoghosh6097]

Great tutorial about Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%. The video is very helpful. Thanks for sharing your video.

[@stephenmonash821]

Yes, it is what TPG did.... He would take all the lucrative leads.. and leave nothing or low quality leads for the sales staff. In other words, there is a ceiling that is hard to break through.. not even the odd bone is thrown. The salesperson are given spills - and also to squeeze every last dollar out of a transaction. It is a boiler room - selling products that are badly checked... sourced from dubious sources. Two of course that come to mind are the Wizard.. and TPG... how wee these guys vouched for .. and allowed into forums for watch dealers.. how were their misdeeds ignored despite all the red flags. So many scams... fake Raybans.. dodgy consignments.. and a litany of quotas that young impressionable and desperate salespeople are treated as useful idiots.. with mind numbing hours and just hopelessness.

[@SweetyAgarwal-pl9eo]

Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%...very nice video. Thanks for sharing

[@brettsadler4211]

Julian has run off all the employees. He is always negative and believes he is never wrong.

[@CrimePiece]

Adrian? I agree, he has a nasty attitude in the videos.

[@lifestyle1135]

Watching Trav pretending to authenticate a watch is like watch an infant trying to open a tamper proof bottle

[@anudas2942]

This video is awesome. In this video you explained very well about Luxury Bazaar. I think you made a awesome job. Thanks for sharing the video with us

[@SonaliBagui-vq1lb]

This video of Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%.is awesome... Everything he explained in this video is awesome..very informative video.. Thanks for sharing

[@SaltyDraws]

If Tugger actually ever had a real investor, that would prove there is at least one idiot out there that might buy Luxury Bazar.

[@CrimePiece]

yea the problem is, the amount Roman is looking for is far more than an individual could pay. It would likely need to a private equity, and they do their homework.

[@bravodelta6883]

I'd never buy from luxury bazaar. The company is worth whatever, the real-estate is worth. Thats it.

[@CrimePiece]

How much is a terrible building, across from a truck yard in a tiny town in PA worth? guessing not much

[@PriyaSen-dk1vu]

Ofcourse very informative video. Thanks for sharing. I would like to watch it again and again.

[@scruffscrofula]

'thanks for bringing us the trurh, Crimepiece!

[@Belligol15]

Very good information, it's great. I support every word.This worked a lot for me to make the right decision!

[@PokoMajumder]

This video is clear and easy to understand your explanation..very informative.

[@PierreEmmanuel-ld5wj]

By providing a consistent base income, salespeople have the stability to focus on building relationships with clients and delivering exceptional service, rather than being solely driven by commission pressures. This approach not only fosters a more supportive and collaborative work environment but also contributes to long-term customer satisfaction.

[@RiyaSaha-yx5wy]

This video is really very knowledgeable and informative for everyone.your effort is very appreciated.thanks for sharing.

[@user-ih9zp9iw3f]

Roman Sharf's (Luxury Bazaar) salespeople making just $2k/month with commission reduced to 8%........very nice content... Thanks for sharing

[@user-df4zv7lo3s]

Excellent video I watched ever. Very nicely described. Thank you so much for sharing this video with us

[@benildenava1445]

I loved the video, the information provided is super excellent, thank you for sharing your knowledge with us.

[@jacksmith8002]

8% of the profit !! That's criminal

[@olivierauberger]

A commission of 8% of profit... That's all I needed to know. I have never heard of something this low for that type of business.

[@AloRoy-kk6qd]

Excellent advice, I will definitely follow them . Very informative video of Roman sharf's(luxury bazar) . Thank you gor sharing us

[@syndicatedsatellite7288]

The salespeople there probably have to eat from the food bank every month...

[@Raisenp]

Your video is informative and easy to understand that.I liked this about how Roman Sharf's(Luxury Bazer) Every part of the video was meaningful❤❤

[@opalstivers655]

Who doesn’t enjoy a nice massage from a friend? After all a man knows what a man likes! Haha!

[@leoHasan-777]

Well explained video about how Roman Sharf's (Luxury Bazaar) salespeople making and thanks for the detailed information.

[@ivanmanjarres7896]

very good explanation was very easy to understand. I am very grateful for the information provided

[@RiktaDas-fd7il]

Thank you for sharing with us this amazing video. It will help us a lot.

[@PriyansaSaha]

In respect to o your video it's a veri promising to explain the resost well.your arrange ments are too good..work place significant ...just keep it up...all the best

[@mrlume9475]

I think you hit the nail on the head CP. Roman and Coach must have had a financial relationship, selling watches to Roman at 50% value with a kick back to Tugger. There's no doubt Roman has shot himself in the foot after aligning himself with the grifter. The market no longer trusts Roman nor does his own staff.

[@Belbivdevoe]

Do you think Roman was a high end tugg client and had to play ball with coach?

[@mrlume9475]

@@Belbivdevoepayment in kind!🤣

[@archanasingh25970]

Very informative video of Roman Sharf's (Luxury Bazaar). Every part of the video was meaningful. I came to know many more information from the video. Thanks for sharing.

[@Sumi.Pal.]

This tutorial explain is really well good. Amazing this video. Thank you so much for sharing this platform.

[@SaraiMoreno9]

I really liked the information in this video because the content is so wonderful and informative.

[@Zeppy007]

Your business is only worth your inventory and the building, if he owns it! That’s it, not 1 penny more, and he doesn’t have anything close to $150 mill in inventory! Maybe more like 10-20 mill 🫵🏻

[@CrimePiece]

I agree, pull up the store on Google street view...that building isn't worth much. It's across truck a truck yard in a very small town and the building itself is bad.

[@carembresouza9793]

The idea of the company being up for sale seems unrealistic, considering its shaky reputation and heavy reliance, Luxury Bazaar has some serious issues.

[@ashoksinhababu1690]

This video is amazing and easy to understand. The information are really helpful for making money easily. Thank you for sharing such informative video.