Snapshot of an industry dealer trade show. *Viewer discretion advised

[Toony]

Originally Posted by Dan Pierce

Watching the sausage being made. I found it rather boring.
dP

I feel the same way. I watched 2 mins.

[Chiboy]

Is this any different than going to a high line car dealer auction?

[HHIslander]

The lawyer side in me cringed at the informality of it all. I would hope there is some better means to keep track of buyers/sellers and prices as it comes off looking like a breeding ground for breach of contract issues.

[SMD]

Not sure some people here understand what the word profit means.

[scarlet knight]

Cool video. Thanks for sharing. Why spend (risk) $17,500 to sell a watch for $18,000?

I realize the guy may be horsing around to negotiate. He didn’t seem to be hard core negotiating.

I would think one could charge a big upcharge for a hard to find watch.

[CastorKrieg]

Originally Posted by scarlet knight

I would think one could charge a big upcharge for a hard to find watch.

There are hundreds of these watches on the market, it's just that they trade fast and all the time around the same price. So if you have 50 watches all selling for 18k it's difficult to demand 18.5k.

Best part about the video was Roman and how different he is than Anthony -Anthony only goes for hot pieces, it's like selling cattle for him. Roman appreciates all the brands and is looking first and foremost for great deals, no matter the brand. That Harry Winston 139k bought for 39k can get sold for 20k profit and still be a great deal for the buyer, Anthony would never operate like that.

[RyanJ]

It is funny reading some of the comments here. You can tell some people are cringing as they do not like seeing their "luxury toys" being sold like normal crap at a flea market.

Sorry to tell ya...That is really all these watches are. These watches are so prevalent on the secondary market it is just funny.

Here, on this forum, people argue about what they should wear to their AD to get noticed or what gifts they should bring their AD. Meanwhile on the secondary market, the same watches are stored in ziploc bags sitting on top of each other in stacks while people in jeans and tshirts spend millions buying up stock.

I would love to just buy these out of a vending machine. The AD and "luxury experience" is just a facade to get you to part with your money and make you feel better about it.

[dtwer]

Very interesting video, thank you for sharing.

$12,850 green OP, who would have thunk...?

[Rrpdc]

Originally Posted by DLRIDES

Looks like a great source for the IRS SWAT team to learn about their future raid participants.

[RotorSelfWinding]

Originally Posted by bdex75

Making $500 on a $13000 watch, no thanks. Gotta do a lot of volume at those numbers. If they are accurate.


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That seems both reasonable and manageable.

These guys get a call from someone requesting a watch, they find the watch, and they make a grand. Seems like a decent plan.

[bdex75]

Originally Posted by RotorSelfWinding

That seems both reasonable and manageable.

These guys get a call from someone requesting a watch, they find the watch, and they make a grand. Seems like a decent plan.

At the volume they do I agree. But seems like a small problem can cost way more than what the margin will bear. Again, make it up in volume.


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[JakeK]

I wonder how many times each of those watches changed hands between leaving the AD and this video? I imagine if it changed "owners" 2 or 3 times then margins like these are totally plausible.

Reminds me of my days in the upscale restaurant industry. All about butts in the seats. Margins were atrocious. Made more money on corkage fees a night than we did on the food.

[Tourbeon]

There are way too many 'dealers' out there. Seldom do I find a listing that is a collector or private seller. Would be nice for a way to sort between dealers and private sellers like in the case of buying a car.

I have always had a pleasant experience with private sales with people who have a real passion for timepieces over making a few $$.

[Hollie_Rollie]

Originally Posted by Tourbeon

There are way too many 'dealers' out there. Seldom do I find a listing that is a collector or private seller. Would be nice for a way to sort between dealers and private sellers like in the case of buying a car.

I have always had a pleasant experience with private sales with people who have a real passion for timepieces over making a few $$.

I would much prefer to buy from a private seller on these forums then a grey dealer. Imo we as member probably take better care for our watches as this is a hobby for us. These grey dealers treat these things as nothing more than money and will treat the watches as such. If they ding it , no big deal, send it in for a polish. Still advertise it as “new”. Unfortunately, greys will buy our watches at a premium and provide a shipping label with peace of mind. So pretty much all deal are with greys these days


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[Tourbeon]

Originally Posted by Hollie_Rollie

I would much prefer to buy from a private seller on these forums then a grey dealer. Imo we as member probably take better care for our watches as this is a hobby for us. These grey dealers treat these things as nothing more than money and will treat the watches as such. If they ding it , no big deal, send it in for a polish. Still advertise it as “new”. Unfortunately, greys will buy our watches at a premium and provide a shipping label with peace of mind. So pretty much all deal are with greys these days


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That is true. Most private sellers can tell the story of ownership, down to the day they picked it up at the AD. Whereas some 'dealers' have no idea where the watch came from. It just appeared from a guy who sold it to another guy.

[Etschell]

my goodness you act as if this is something revolutionary. trade shows are played out.

[Maxy]

Does anyone know why Anthony Farrer was banned, the owner of TimepieceGentleman on here? I was looking to deal with him in person. I hope he's legit.

[Black_5]

Originally Posted by Black_5

I'm still not buying it.

0.02% margins with business costs to support is simply not viable without huuuuge and rapid turnover...

SOoO many watches, SOoO little time...

Godfrey :




SOoO many watches SOoO little time...

[quakeroatmeal]

Isn't this the bozo who disappeared with all his consignment?

[Kliminator]

Originally Posted by quakeroatmeal

Isn't this the bozo who disappeared with all his consignment?

Lol yes:

https://www.watchcollectinglifestyle...ment-inventory

[quakeroatmeal]

This video was posted in late april, and at some point in May they were banned here. Then in June they run off with their inventory.

I wonder what happened on TRF that prompted the ban, did someone here know something?

[johntictoc]

to be fair, and im not playing devils advocate here, they make money. we all know they are in the volume game. their operation mirrors that as a professional market-making operation in financial trading. they are very regimented and most likely dont lose that much money relative to how much they make. they are most likely scratching(no profit) on a handful of watches per week and im sure they know what that costs and if they flip one watch, how many watch scratches it will cost. my guess is that they make, at minimum, about $200k a month which is more than enough to keep everyone employed

[Black_5]

Originally Posted by johntictoc

to be fair, and im not playing devils advocate here, they make money. we all know they are in the volume game. their operation mirrors that as a professional market-making operation in financial trading. they are very regimented and most likely dont lose that much money relative to how much they make. they are most likely scratching(no profit) on a handful of watches per week and im sure they know what that costs and if they flip one watch, how many watch scratches it will cost. my guess is that they make, at minimum, about $200k a month which is more than enough to keep everyone employed

Read post #50 in this thread to understand why…


SOoO many watches SOoO little time...

[TheVTCGuy]

Originally Posted by johntictoc

my guess is that they make, at minimum, about $200k a month which is more than enough to keep everyone employed

Apparently not.

[zengineer]

I can't believe how many of you are falling for their latest publicity stunt.

The level of schadenfreude is off the charts here. I think some of you are in for a big letdown.

I am not a fan of "Reality TV" and couldn't take 10 minutes around that clown prancing around in yoga pants and a Tshirt 3 sizes to small...but it's not hard to see there us money being made even if it is poorly managed.

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[Hollie_Rollie]

Originally Posted by TheVTCGuy

Apparently not.

Right. Probably spend $500k a month on the extravagance


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