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

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How Are Gray Market Watches Heavily Discounted ? Where Do They Get Their Watches ?
In today's episode of Federico Talks Watches I talk about the watch industry and gray market watch dealers. How do they get their watches? How do they discount their watches? Where do they come from? Hopefully I will shed some light on these questions in tonights episode.
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Пікірлер: 532

  • @kermit4161
    @kermit41615 жыл бұрын

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

  • @FedericoTalksWatches

    @FedericoTalksWatches

    5 жыл бұрын

    Will do my friend.

  • @jeankagian1505

    @jeankagian1505

    5 жыл бұрын

    Yes! Please more industry insider vids.

  • @juice4699

    @juice4699

    5 жыл бұрын

    Yes.

  • @TimedSquare
    @TimedSquare5 жыл бұрын

    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!)

  • @theoriginalaceofspades7829
    @theoriginalaceofspades78295 жыл бұрын

    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.

  • @christianblanche1569
    @christianblanche15695 жыл бұрын

    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

    @FedericoTalksWatches

    5 жыл бұрын

    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!

  • @prestonwilliams710
    @prestonwilliams7105 жыл бұрын

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

  • @clk25120
    @clk251205 жыл бұрын

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

  • @tarekmabrook1369
    @tarekmabrook13695 жыл бұрын

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

  • @kentsmith6269

    @kentsmith6269

    3 жыл бұрын

    U

  • @karamelahi2808
    @karamelahi28083 жыл бұрын

    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!

  • @marceauratard6869
    @marceauratard68695 жыл бұрын

    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

    @eyeheartsushi2212

    5 жыл бұрын

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

  • @robertsullivan4773

    @robertsullivan4773

    5 жыл бұрын

    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

    @ovaissiddiqui9837

    5 жыл бұрын

    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

    @robshipinski5545

    5 жыл бұрын

    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

    @bobcortez4427

    5 жыл бұрын

    @@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.

  • @mauriebarnes8272
    @mauriebarnes82725 жыл бұрын

    Complex issue simply explained! Thanks Fed.

  • @adrianmercs1803
    @adrianmercs18035 жыл бұрын

    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.

  • @denniskwok7613
    @denniskwok76135 жыл бұрын

    I loved this video. It offered a great insight into how the relationships between the ADs and manufacturers work. More please!

  • @treehouse722
    @treehouse7225 жыл бұрын

    Very informative, thanks for posting.

  • @JusttheWatch
    @JusttheWatch5 жыл бұрын

    Always wondered about that, makes sense now, thanks!

  • @8regi8
    @8regi85 жыл бұрын

    Quality content, Frederico That was one of the useful videos I recently saw on yt. Please keep up the great work!

  • @alimamuk
    @alimamuk5 жыл бұрын

    Fed, fab video, great insight into industry... love to see more of them in future...keep it up

  • @vanini5945
    @vanini59454 жыл бұрын

    One of the most interesting videos! Thank You, Federico!

  • @MostlyBlindMitch
    @MostlyBlindMitch5 жыл бұрын

    Excellent video, great insight on the industry and glad you touched on the domino effect of brands leaving dealers. Hope for more of these industry video's!

  • @A_Eichler
    @A_Eichler5 жыл бұрын

    Well explained and easy to comprehend. Indeed, fascinating. Love your channel, Fed!

  • @danieldelorme4021
    @danieldelorme40215 жыл бұрын

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

  • @ChronoGuys
    @ChronoGuys5 жыл бұрын

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

  • @saadabdullah4245
    @saadabdullah42455 жыл бұрын

    Best explanation ever. Thank you so much federico

  • @cristylovejones
    @cristylovejones5 жыл бұрын

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

  • @e11even_05
    @e11even_055 жыл бұрын

    Extremely useful Federico. Thank you for sharing your experience and for creating such amazing content. Keep up the great work 👍

  • @arthurjin0722
    @arthurjin07225 жыл бұрын

    Really appreciate it. More of these insider video please.

  • @rainerbuechse6923
    @rainerbuechse69233 жыл бұрын

    Great stuff, thank you! It is always good to understand the dynamics of the industry.

  • @jasonhudson4239
    @jasonhudson42395 жыл бұрын

    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!

  • @paulbelopolsky7460
    @paulbelopolsky74605 жыл бұрын

    Thanks for the video. Very interesting and I would definitely be interested in more of these types of videos.

  • @mohammedmamu5425
    @mohammedmamu54255 жыл бұрын

    quality content. great insight. much appreciated.

  • @rarts2000
    @rarts20005 жыл бұрын

    very interesting, educational above all thanks Federico

  • @davideljones1982
    @davideljones19825 жыл бұрын

    Thanks Dude! Really appreciate the insights. I learned a lot from this video.

  • @robertsullivan4773
    @robertsullivan47735 жыл бұрын

    You did a great job explaining the topic.

  • @tods.9947
    @tods.99475 жыл бұрын

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

  • @antonyduc990
    @antonyduc9905 жыл бұрын

    Yes sir, super useful and educative! Thank you

  • @Andy-ih5kh
    @Andy-ih5kh5 жыл бұрын

    Excellent video, Federico! More like this please.

  • @jean-paulrenaud6329
    @jean-paulrenaud63295 жыл бұрын

    Great video Fed, finally a good explanation. Please make more industry insider videos. Happy Holidays!

  • @MichaelAndersen_DK
    @MichaelAndersen_DK5 жыл бұрын

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

  • @mrwpc09
    @mrwpc095 жыл бұрын

    Thumbs up for another great video Federico, thanks for the insight! More insider vids on the industry would definitely be appreciated.

  • @samsantiago893
    @samsantiago8935 жыл бұрын

    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

  • @JasonJohnson-bc4jy
    @JasonJohnson-bc4jy5 жыл бұрын

    Great video. I appreciate your industry insider knowledge you are willing to share.

  • @tkdrob1111975
    @tkdrob11119755 жыл бұрын

    Thanks Fed! Love the insider info! Will help me be a better consumer.

  • @oxysoxos
    @oxysoxos5 жыл бұрын

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

  • @FrankFerrell1234
    @FrankFerrell12345 жыл бұрын

    Awesome video. Thanks for posting it!

  • @henrycheng9199
    @henrycheng91995 жыл бұрын

    love this! please do more of these videos!

  • @tangosierra911
    @tangosierra9114 жыл бұрын

    Great explanations, Federico, as always! 👍🏼

  • @edhammond6911
    @edhammond69115 жыл бұрын

    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

  • @pob1911
    @pob19115 жыл бұрын

    Thanks Fed, awesome content and a great insight to the grey market 👍🏻

  • @jmdavila313
    @jmdavila3135 жыл бұрын

    Hey Federico I thoroughly enjoyed this video thanks.

  • @eduardoarosemena655
    @eduardoarosemena6555 жыл бұрын

    Great explanation , very clear, thanks Federico

  • @salspec3381
    @salspec33814 жыл бұрын

    This was very useful and informative. Thanks.

  • @ronnied13
    @ronnied135 жыл бұрын

    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

  • @balmoral2472
    @balmoral24723 жыл бұрын

    Thanks for the explanations - lots of interesting insights.

  • @thrasherx9319
    @thrasherx93195 жыл бұрын

    Amazing insights. Very helpful and entertaining.

  • @jashoo8597
    @jashoo85975 жыл бұрын

    Such a great insight. Thanks Fed.

  • @umad3592
    @umad35925 жыл бұрын

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

  • @MeanMrMustard85
    @MeanMrMustard855 жыл бұрын

    Very insightful video, Federico clearly knows all the ins and outs of the business.

  • @rayquintanilla614
    @rayquintanilla6145 жыл бұрын

    Great info! Always good to get a little knowledge behind the subject. Thank you!

  • @FedericoTalksWatches

    @FedericoTalksWatches

    5 жыл бұрын

    thanks ray!

  • @JoeGiz64
    @JoeGiz645 жыл бұрын

    Great informative video Fed...as always.

  • @krleeper8965
    @krleeper89655 жыл бұрын

    Thank you for explaining something I have wondered for a long time and always seems to be taboo to discuss with those in the business.

  • @Steve-vl9ed
    @Steve-vl9ed5 жыл бұрын

    Fed - love the business side content; would love to hear/see more!

  • @mikeb.thewatcher
    @mikeb.thewatcher5 жыл бұрын

    Great video, appreciate the insight brother ✊🏾

  • @22Phanatic
    @22Phanatic5 жыл бұрын

    Great Vid Fed! This explains a lot , great info my friend! Thank you

  • @spikew8673
    @spikew86734 жыл бұрын

    I actually think it is very well explained, thanks Federico, keep up the awesome vids.

  • @danielmelosarmento6655
    @danielmelosarmento66555 жыл бұрын

    Not confusing at all! Great video! Thanks for sharing.

  • @markplayford5836
    @markplayford58365 жыл бұрын

    Always interesting Fed, keep em coming 😁

  • @anthonyperry3699
    @anthonyperry36993 жыл бұрын

    Wonderful video! Thanks for sharing the info.

  • @ericweis9771
    @ericweis97714 жыл бұрын

    Very informative. Thank you!

  • @OldManTimeAudits
    @OldManTimeAudits4 жыл бұрын

    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

  • @reinaldoreyes5631
    @reinaldoreyes56315 жыл бұрын

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

  • @danielguadian2716
    @danielguadian27165 жыл бұрын

    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...

  • @drwindsurf
    @drwindsurf5 жыл бұрын

    Excellent explanation.Thank you Fed :)

  • @thewatchguyinc.7429
    @thewatchguyinc.74294 жыл бұрын

    Federico, this is a great video! Keep up the good job bro!

  • @rawim
    @rawim5 жыл бұрын

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

  • @aes8881
    @aes88813 жыл бұрын

    Great info Fed, highly appreciated

  • @migfed
    @migfed3 жыл бұрын

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

  • @jameswong6590
    @jameswong65905 жыл бұрын

    Great information Fed. Thanks a lot

  • @musanetesakupwanya1050
    @musanetesakupwanya10505 жыл бұрын

    Great explanation. Thanks!

  • @burkebaalim438
    @burkebaalim4385 жыл бұрын

    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.

  • @lacroix6323
    @lacroix63234 жыл бұрын

    Awesome video ,thanks for the explanation.

  • @David-ej1ps
    @David-ej1ps4 жыл бұрын

    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

  • @cowboyswami2017
    @cowboyswami20175 жыл бұрын

    Wow great video Fed ! Yes more videos like this. Keep up the great work

  • @andrewsignore4595
    @andrewsignore45954 жыл бұрын

    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.

  • @mCblue79
    @mCblue793 жыл бұрын

    Very enlightening and well explained. Good vid!

  • @DavesWatchLove
    @DavesWatchLove5 жыл бұрын

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

  • @aasheeshpradeepbhai7202
    @aasheeshpradeepbhai72024 жыл бұрын

    Very insightful video Frederico!!

  • @nikolaykutsev8560
    @nikolaykutsev85603 жыл бұрын

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

  • @marcgoldbergdogtrainer
    @marcgoldbergdogtrainer5 жыл бұрын

    Nice analysis!

  • @clo2715
    @clo27155 жыл бұрын

    AD's are like car dealerships.

  • @FedericoTalksWatches

    @FedericoTalksWatches

    5 жыл бұрын

    basically.

  • @alexjimmy9297

    @alexjimmy9297

    5 жыл бұрын

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

  • @joerichardson6107

    @joerichardson6107

    3 жыл бұрын

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

  • @robertellulmicallef
    @robertellulmicallef5 жыл бұрын

    One of your better videos. I thoroughly like insider business content and would be interested in more granularity, such as which brands sell at deeper discounts (I know which they are), but more importantly what drives this, consumer psychology, brand equity, supply/demand etc.

  • @MrSanrioent
    @MrSanrioent5 жыл бұрын

    Super interesting content. Thanks Fed.

  • @airborneSGT
    @airborneSGT5 жыл бұрын

    Great video and easy to follow!

  • @jessmankhor4123
    @jessmankhor41235 жыл бұрын

    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.​

  • @WTreves
    @WTreves5 жыл бұрын

    Excellent, very interesting. I thought you did an excellent job explaining the value chain.

  • @russm535il
    @russm535il5 жыл бұрын

    Fed Great explanation Thank you Russ

  • @carlosromero8447
    @carlosromero84475 жыл бұрын

    Very informative Fed !

  • @ejp75
    @ejp752 жыл бұрын

    Great explanation thanks Federico.

  • @leesfitnessunlimited
    @leesfitnessunlimited3 жыл бұрын

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

  • @mohamedzid2701
    @mohamedzid27015 жыл бұрын

    Very instructive

  • @martinsbriglio8948
    @martinsbriglio89485 жыл бұрын

    Great video . Informative.

  • @AlwaysBolttheBird
    @AlwaysBolttheBird5 жыл бұрын

    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

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