Where do grey market dealers and traders buy their watches
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  1. #1
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    Where do grey market dealers and traders buy their watches

    So the watch market is a bit of a weird one behind the usual manufacturers selling to authorized dealers, we have this sub market of Indy’s and grey market dealers. These dealers have huge stock of high end watches. So my question is, where do they all come from.

    To draw a comparison you have the same setup in the car industry. The car industry has auctions for Indy’s and traders to buy cut down product with small risk. Is this the same in the watch industry?


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  2. #2
    Member lmarino1's Avatar
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    Re: Where do grey market dealers and traders buy their watches

    Frustrated ADs who don't move inventory at above grey-market value

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    Re: Where do grey market dealers and traders buy their watches

    Quote Originally Posted by lmarino1 View Post
    Frustrated ADs who don't move inventory at above grey-market value
    So do they just ring round them to see if they’ve got any deals. Does that not mean anyone could buy the odd bargain from an AD for less than anywhere else...


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    Member dr3ws's Avatar
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    Re: Where do grey market dealers and traders buy their watches

    Quote Originally Posted by smithfield11 View Post
    So do they just ring round them to see if they’ve got any deals. Does that not mean anyone could buy the odd bargain from an AD for less than anywhere else...


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  6. #5
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    Re: Where do grey market dealers and traders buy their watches

    Why are you asking?

    Are you frustrated because you can't get a good discount from your AD or favorite store?

    Isn't it suffice to know that grey markets sellers are out there and offer a service for those may be unwilling to pay more.

    Leave it at that.

  7. #6
    Member EnderW's Avatar
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    Re: Where do grey market dealers and traders buy their watches

    I won't pretend to have an inside scoop on GM supply, but just based on casual observations... there are multiple sources:

    - buying direct from OEM (either extra stock, discontinued models, or whatever)
    - buying from country wholesaler\distributor
    - buying from ADs (either excess inventory, slow-moving stock, or going out of business stock) (also, some ADs drop brands, and need a place to dump inventory, but for most - I suspect brands require ADs to buy more than they can sell, so best to move into GM at tiny margin, than sit on pricy inventory)
    - floor models
    - watch show\event models
    - prototypes, partial production runs, etc
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  8. #7
    Member zengineer's Avatar
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    Re: Where do grey market dealers and traders buy their watches

    Quote Originally Posted by Denizen View Post

    Isn't it suffice to know that grey markets sellers are out there and offer a service for those may be unwilling to pay more...
    Or in the case of just about any new release stainless steel Rolex, for those willing to pay a whole lot more.

    They take a ss Daytona at 10% over MSRP and 3 slow movers at 30% under MSRP from an AD. Sell the slow movers at 25% under the $20,000 each MSRP or even break even at 30% under and sell the Daytona at 30% over it's $14,000 MSRP.

    They pay $56,400, sell for $59,200 to $62,200....if I did the math right in my head


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  9. #8
    Member MediumRB's Avatar
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    Re: Where do grey market dealers and traders buy their watches

    Quote Originally Posted by zengineer View Post
    Or in the case of just about any new release stainless steel Rolex, for those willing to pay a whole lot more.

    They take a ss Daytona at 10% over MSRP and 3 slow movers at 30% under MSRP from an AD. Sell the slow movers at 25% under the $20,000 each MSRP or even break even at 30% under and sell the Daytona at 30% over it's $14,000 MSRP.

    They pay $56,400, sell for $59,200 to $62,200....if I did the math right in my head
    Perhaps...and without storefront overhead costs. But grey market dealers probably have the slimmest margins on Rolex and just use their stock to bring in customers for the other brands.
    I am grateful for the grey market; I surely would not be as far into this hobby without it.
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  10. #9
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    Re: Where do grey market dealers and traders buy their watches

    They fall off the back of trucks, duh
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  11. #10
    Member jmanlay's Avatar
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    Where do grey market dealers and traders buy their watches

    Right now even grey sellers sell Rolex over msrp (the green sub , the Daytona and so on). I don’t really get the jist of it aside from a must have it moment but I would never shell out more than msrp. I might get to msrp but if all it takes is a little patience then I am willing to wait.


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