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I would believe a lot depends on the watch you have and the AD. In the current market watches taken back to the AD can be sold for more than retail. I have seen Daytona-C's leave an AD only to be sold back for significantly more and then retailed as pre-owned for current Grey Market prices. If you have a good relationship with your AD have the conversation with them about a trade back for another watch. Remember they sold you the watch you are trading and they are only into that watch at 62% of msrp. If you get a new watch from them it is 62% again. The margins are good for them and they can sell your watch for market. Take all of that into account and proceed accordingly. Call a couple of the bigger Grey's here on TRF and get a quote. In the end it is business and get the most you can for the watch you own and get what you want with the proceeds. You do not owe your AD anything but if the numbers are very close that is where I would go. Good luck.
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