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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Fed, great video...please do more vids on the industry! Thanks!!
@FedericoTalksWatches
5 жыл бұрын
Will do my friend.
@jeankagian1505
5 жыл бұрын
Yes! Please more industry insider vids.
@juice4699
5 жыл бұрын
Yes.
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!)
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.
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
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!
Wasn’t confusing at all. Very informative and educational. Thank you taking the time and effort to post.
thanks for the industry insight, not far from other mass market retail products
You are a respectable person that tells the truth , I learned alot from you , all the best merry xmas
@kentsmith6269
3 жыл бұрын
U
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!
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
5 жыл бұрын
Del Corbett That last part is very important: you can price haggle with ADs. You can’t do that online.
@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
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
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
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.
Complex issue simply explained! Thanks Fed.
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.
I loved this video. It offered a great insight into how the relationships between the ADs and manufacturers work. More please!
Very informative, thanks for posting.
Always wondered about that, makes sense now, thanks!
Quality content, Frederico That was one of the useful videos I recently saw on yt. Please keep up the great work!
Fed, fab video, great insight into industry... love to see more of them in future...keep it up
One of the most interesting videos! Thank You, Federico!
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!
Well explained and easy to comprehend. Indeed, fascinating. Love your channel, Fed!
You have done a marvellous job explaining how it all works! Thank you! ;) It actually makes sense now!
Fed, think you explained it so well and not fuzzy or confusing so really great video super informative and spot on!
Best explanation ever. Thank you so much federico
Very informative and something every collector should know. Thank you for sharing!
Extremely useful Federico. Thank you for sharing your experience and for creating such amazing content. Keep up the great work 👍
Really appreciate it. More of these insider video please.
Great stuff, thank you! It is always good to understand the dynamics of the industry.
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!
Thanks for the video. Very interesting and I would definitely be interested in more of these types of videos.
quality content. great insight. much appreciated.
very interesting, educational above all thanks Federico
Thanks Dude! Really appreciate the insights. I learned a lot from this video.
You did a great job explaining the topic.
This is really terrific work Fed! Thanks for the insiders’ take on all of this.
Yes sir, super useful and educative! Thank you
Excellent video, Federico! More like this please.
Great video Fed, finally a good explanation. Please make more industry insider videos. Happy Holidays!
I'd really like more from the inside. This was really informative!
Thumbs up for another great video Federico, thanks for the insight! More insider vids on the industry would definitely be appreciated.
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
Great video. I appreciate your industry insider knowledge you are willing to share.
Thanks Fed! Love the insider info! Will help me be a better consumer.
Very insightful information. Thanks Fed. You provide real value here.
Awesome video. Thanks for posting it!
love this! please do more of these videos!
Great explanations, Federico, as always! 👍🏼
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
Thanks Fed, awesome content and a great insight to the grey market 👍🏻
Hey Federico I thoroughly enjoyed this video thanks.
Great explanation , very clear, thanks Federico
This was very useful and informative. Thanks.
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
Thanks for the explanations - lots of interesting insights.
Amazing insights. Very helpful and entertaining.
Such a great insight. Thanks Fed.
This is a true learning channel for people such as myself getting more insight into watch 🌎.
Very insightful video, Federico clearly knows all the ins and outs of the business.
Great info! Always good to get a little knowledge behind the subject. Thank you!
@FedericoTalksWatches
5 жыл бұрын
thanks ray!
Great informative video Fed...as always.
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.
Fed - love the business side content; would love to hear/see more!
Great video, appreciate the insight brother ✊🏾
Great Vid Fed! This explains a lot , great info my friend! Thank you
I actually think it is very well explained, thanks Federico, keep up the awesome vids.
Not confusing at all! Great video! Thanks for sharing.
Always interesting Fed, keep em coming 😁
Wonderful video! Thanks for sharing the info.
Very informative. Thank you!
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
Great video. Best part is not passing judgment on the issue, like most do! Let the people be informed and decide on their own.
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...
Excellent explanation.Thank you Fed :)
Federico, this is a great video! Keep up the good job bro!
Thank you for the video. I for one do enjoy the industry insider videos.
Great info Fed, highly appreciated
This is the kind of videos that are really worth watching. Great vid Federico.
Great information Fed. Thanks a lot
Great explanation. Thanks!
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.
Awesome video ,thanks for the explanation.
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
Wow great video Fed ! Yes more videos like this. Keep up the great work
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.
Very enlightening and well explained. Good vid!
Very informative, Federico. Thank you. No, it wasn't confusing. Not because the subject matter isn't confusing, but because you explained it well.
Very insightful video Frederico!!
A really useful video, Federico! Thanks a lot!!
Nice analysis!
AD's are like car dealerships.
@FedericoTalksWatches
5 жыл бұрын
basically.
@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
3 жыл бұрын
@@FedericoTalksWatches no AD's are worse there is not 37%-50% mark up on a vehicle lol
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.
Super interesting content. Thanks Fed.
Great video and easy to follow!
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 resellers. Still one needs connections to the brands and suppliers to get stock.
Excellent, very interesting. I thought you did an excellent job explaining the value chain.
Fed Great explanation Thank you Russ
Very informative Fed !
Great explanation thanks Federico.
You have great content sir! Very helpful. Thank you.
Very instructive
Great video . Informative.
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