How Counterfeit Rolexes are Damaging the $20 Billion Pre-owned Luxury Watch Market | Timestamps
Ойын-сауық
Beware of the fakes! Learn to identify counterfeit watches as we reveal the subtle inconsistencies and telltale signs of inauthentic pieces. Hear first-hand from a U.S. Customs agent who shares their experience with intercepting fake luxury watches, seizing hundreds of counterfeit items that make their way into the country.
Curious about what makes a package stand out to U.S. Customs agents? Our expert guest reveals what piques their interest when scanning countless packages every day. Learn what catches their attention and how they determine potential risks amidst the sea of incoming parcels.
Take a step back in time as we uncover the fascinating history of Rolex, one of the most renowned luxury watch brands. Discover the secret to its success and the strategic decisions that positioned it at the forefront of the industry. From significant milestones to innovative designs, understand why Rolex has become a symbol of luxury and prestige worldwide.
Explore how the power of movies and sponsorships propelled the growth of Rolex. We dive into iconic moments in cinema and sport where Rolex stole the show, examining how strategic product placement and partnerships have played a pivotal role in the brand's rise to fame.
And finally, for watch enthusiasts and potential collectors, we reveal what experts look for when authenticating watches.
0:00 Watches 3x In Value
0:31 Watch Price Increase Since 2011
0:39 Counterfeit Timepieces
0:44 U.S. Customs Seizing Watches
0:51 Customs Agent Finds Fake Rolexes
1:00 Spotting a Fake Watch
1:11 How Fakes Can Ruin Relationships
1:22 Watch Expert Shops and Negotiates Deals
3:40 $175k Watch
4:24 Making More Money Selling Spare Parts For Watches
5:21 Paul Newman Rolex Daytona Sold For 15.5 Million "Bull Run"
6:00 Why Demand Is So High For Rolexes
6:44 Rolex Started Off As a Sports Brand
7:15 Edmon Hillary 1953 First To Wear a Rolex Oyster Perpetual On Mt. Everest
7:24 Rolex Started Sponsoring Others
7:29 Rolex Started Showing Up In Movies & On Actors
7:45 Rolex Daytona Impossible Waitlist "I've Been Waiting Since 1996"
7:55 Used Rolexes Selling for 2-3x In Secondary Markets
8:05 U.S. Customs Identify Red Flags While Looking For Fakes & Discovers $11,000 fake
9:31 Watch Expert Shares What He Looks For While Identifying a Fake Rolex
9:55 How To Test Gold From On Rolexes To Determine If It's Real Or Fake
10:43 Fraud Prevention
10:56 Grey Market Watch Dealers Selling On Secondary Market
11:22 Timepiece Educational Videos
11:57 Hustling Luxury Watches
All content from this video came from the KZread channel:
/ @businessinsider
• Why Fake Rolexes Hurt ...
www.tiktok.com/@timepiecevideos
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#watch #watches #timepiece #timepieces #entertainment #greymarket #rolex
#ap #richardmille #hublot #patekphilippe #patek #dayinthelife #rich #wealth #luxury #lifestyle #famous #success #video #value #store #watchstore #richandfamous #marketing #passiveincome #revenue #niceleonard #anthonyfarrer #romansharf #marconicolini #grandcaliber #thetimepiecegentleman #luxurybazzar #wolfofwatches #michaelproducer #timepiecetrading #tpt
Пікірлер: 16
Making $3000 on a $40k watch looks a lot, but you still have to service it first and get it at the customer plus you have the capital risk if something goes wrong. So IMHO it definitely is not a lot.
To be honest, while I only buy authentic watches, if an individual wants to knowingly buy a rep watch, let them. It's their waste of money.
@kungfoochicken08
Жыл бұрын
I have bought super replicas of my Rolexes. I can tell them apart, but nobody else can, including my wife. I wear the replicas when I’m traveling or worried about damaging the originals. They keep decent time too. I’ve had one replica for 5 years and it only loses about 7 seconds a day, compared to 5 seconds on the genuine.
I only buy and sell authentic Casios.
@kungfoochicken08
Жыл бұрын
A man of true class.
“I’m a friggin expert” lol. Love it ✊🏻
tough future
If its THAT hard to spot a real watch from a fake one. 30.000 vs. 300 Then id say the watch game is OVER.
@brendanosullivan771
7 ай бұрын
LOL if that's the case then why are Rolex watches often selling for double their retail price on the used market? On top of that Rolex watches are in such demand that it is next to impossible to buy the majority of their models new at an authorized dealer despite the fact that they are making approximately 1 million watches per year. The luxury watch market is stronger than ever which is why people are even willing to buy fakes. A fake might look almost identical but doesn't come close to a real Rolex in regards to the performance and durability of their movements.
@MercedesDenz
7 ай бұрын
@@brendanosullivan771 I hear you and i agree. I phrased that a bit wrong. The watch game (as in trade) is fine. It's just a but confusing to me because the watches are handled as investments, yet all the selling points have to do with the appearance. The functionality of a watch to me, has more value in my case, where i would go through like 100 burner Rolexi, scattering them all over, fogetting them on planes and buses. Then id still have the cash to drive a Toyota Corolla untill infinity(minus gas and insurance) --edit-- And everybody would still be like YOO you seen Denzel rock yet another different Rolex that looks fake in no way.
Rolex are NOT hand made and barely even hand finished
@bxfinest271
Жыл бұрын
Yes they are and each one takes about a year to produce.
@kungfoochicken08
Жыл бұрын
@@bxfinest271 That’s marketing nonsense. You can watch Jacob & Co watches be hand assembled in 30 minutes on KZread. They’re substantially more complicated than Rolex movements. Rolex makes roughly a million watches a year. Switzerland had roughly 5m working-age citizens (15-64 years of age). If it took a year to make each watch, Rolex would have to employ 20% of Switzerland to assemble their watches. In reality, Rolex only has 14,000 employees worldwide. That’s their corporate executives, watch servicing department, marketing, design, etc.
@msquared6695
Жыл бұрын
@@bxfinest271 you need to do some research and not just a 2 min google search
They don't make a lot of money considering the outlay. I sell motorcycles and make as much as them on a 15K investment.