🤩 I bought a NEW ROLEX - A tour of Singapore’s grey market 

If you not Singapore national you are eligible for 100 tax refund so that's 18-25% discount right away.

Cahoots? Yeah sure that’s usually the case I agree

I agreed....one gray dealer in Bencoolen area did confess this fact. Bunch of crooks !

Fantastic!! Swipe em AMEX cards if any tickles your fancy!

Great that it’s helping :$

Thanks mate!

Indian from the name xD 😂

@@longlivemetal1997 there are lots of Indian Singaporean in the country. Indian ethnicity Singaporean citizen. It’s 2022 and it ain’t hard to be literate nowadays.

Thanks! Yeah I tried to get a deal done, but couldn’t work it out :(

Niggas Wit Attitude?

😎😎

That’s completely ok, assuming the store is fine with it. Being polite does go a long way

You can try it at the ADs, most of them have a comprehensive collection of exhibition pieces to try on nowadays.

Thank you!!

@@watchjelly hopefully you don't have a miyota under the hood 🙂

@@watchjelly is tht an original watch or first copy sir?

Thanks!! Usually there isn’t much room for further discounts.. at least for these sellers in Singapore since you have consignments pieces

The 2016 ones are the older reference and with older movements ie 116622 vs the new ref 126622. Lower power reserve and with other lack of smaller enhancements. Your choice if it’s worth the difference

Oh thank you for the kind words! Every floor has a surprise :)

You’re welcome!

I am in Singapore. What would you like to see?

Selling my Gold Rolex Daytona in Singapore's Grey Market! 😔 ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Zac4kIaAU0Y.html

Hey there it’s in the video description

Thanks!! Not that I’ve seen… probably try “GR Luxury” in mandarin gallery (I think they only open at designated times; call beforehand” 333A Orchard Road #03-29 Mandarin Gallery, 238897

Thx for the info, will check during my next visit....btw am from Bangalore India.

Thank you!

Hi I agree, bought 2 watches from them cheers!

X. Q. Yeo did you negotiate

You dont need a local person to bargain for you. You need a local collector who can sell you some cool pieces at reasonable realistic prices. Me! Check out my collection.

Haha the Rolex AD is just right around the corner… 5 mins away.. I am not surprised most of the watches from there go directly to the grey market at Far East

Prices are fixed more or less. There’s not much wriggle room for consignment pieces, and as for the rest prices are pretty transparent

As advertised

It’s just my iPhone

They haven’t been around for that long. Under 1.5 years or so. So just do your due diligence having a chat with them and all

@@watchjelly not much information online as well, so far reviews are quite scarce. Any suggestions what should I look out for?

For the most part… if not all. Caveat emptor… look for one that you trust

Try Watch exchange. Best to walk-in on a weekday

"clearly demand does not outweigh supply as proven in this..." well, the only thing this proved (imho) is that demand does not outweigh supply at these absurd prices. However, demand outweighs supply at MSRP. There are millions and millions of people (actual watch enthusiasts) on "wait lists" who are trying to buy at retail. That's a massive demand that clearly the ADs can't meet. They're too busy selling at 4x the price to grey dealers every time they get any stock . But even if they didn't, the demand at MSRP is so ridiculous that I think there would still be a massive shortage at ADs. Rolex has become a huge flex brand. It's starting to remind me of Richard Mille or the early 2000s LV lol. For me Rolex no longer interests me and I'm so glad I don't have to deal with none of this non sense. Find these Grey market dealer videos hilarious tho would these fools paying 5x the price for entry level Swiss pieces 😂.

@homest harry Definitely the Rolex SA have to close All AD globally in order to prove that they innocent otherwise they are just like thugs of gang with the AD

be careful what u wished for, if ad are selling to anybody that walks in, would u still buy a rolex knowing the moment u walk out of the ad your watch will lose half its value?

Yes, because I’m not buying the watch as an investment. I’m buying the watch because I love it. Same as I do with guitars, guns, cars, etc.

yes, Rolex has taken over a major retail firm despite promising ADs they're not interested in retail

You could look at 1) 390 Victoria St, #01-51/52 Golden Landmark Shopping Complex, Singapore 188061 2) Lucky Plaza, 238863

If you are looking for rare special pieces, you can check with a proper collector. Me!

Depending on the model, go to the ADs. Otherwise grey market dealers

Never bought from them.. so i can’t really say

i know right.. no joke

I think that’s a question for the individual shops. They’re legitimate businesses in a country that has a strict rule of law. What do you think?

Where did u see this trend? I just visited almost the entire Chicago watch stores last Saturday, and they have nothing for sale. I only spotted one new day-date in Tourneau (a woman's version), and the basic 3255 pre-owned ones are selling for 52000-56000 usd...

@@ProCelestialEmpire grey market prices are slowly coming down weekly. Many people are getting burnt out and trying to dump their Rolex on grey market dealers who won’t buy them because they are already overstocked since more clients selling back than buying more watches. The bubble is finally bursting 🙏🏼

@@auxmike718 happy to know it. why those owners got burnt out? I thought they made a lot of money overall. Hope this continues to crash to its normal shape because current market is just absurd. do u think as this goes on, the new items will become more available?

@@ProCelestialEmpire probably from people who think they can make it go down by continuing to say this

@@ProCelestialEmpire he said "going"... As in its barely starting to happen. Give it time, geez lol.

No special reason really other than wanting to try owning one for some time.. it’s more the collector in me wanting to give it a go!

@@watchjelly I see.. Thanks for sharing.. i do have a rose gold full bracelet and rose gold ceramic. I just pick up the chocolate dial yacht master. Most of the folks in US prefer the white gold..

Yeah white gold is definitely preferred for its subtlety. Older Asian folks definitely prefer YG. RG is the happy medium for older millennials

What choice do you have? The ADs won't sell you a perpetual unless you have a "relationship" with them - which means buying 4 or 5 other watches from them which adds up to about 30k before you can be on the waitlist for the perpetual!

Singapore dollars! Divide it by 1.38 to get USD

You know your stuff.!

Makes sense. If you want to be 100% sure with 0% doubt. For grey market - I suggest going to a dealer that is reputable and those that you trust. Make absolutely sure they are a registered business such that watches they sell you, if proven to be fake, measures can be taken to enforce the law against this. Again, depends on the city where you’re in. But if you’re talking about sports models that are already discontinued, then this is a moot point :)

It seems to be softening a tad.. more so in HK than in Singapore

Have you heard of the rule of law in Singapore? Ok to answer your question seriously: For grey market - I suggest going to a dealer that is reputable and those that you trust. Make absolutely sure they are a registered business such that watches they sell you, if proven to be fake, measures can be taken to enforce the law against this. Again, depends on the city where you’re in. But if you’re talking about sports models that are already discontinued, then this is a moot point :)

SGD!!

Yeah probably

I just might soon! Let’s see if I can find the time to go

Yeah this was almost 2 weeks ago. It has softened a tad

Relatively speaking it’s a bit safer… but caveat emptor.. still best to do your own due diligence

If you use telegram, add watchexchange at t.me/watchexchangesg

Oh I have seen it from time to time

@@watchjelly you have seen it never mentioned where baby ear to ear🤣🤣🤣

They won’t be! FYI these are in SGD

Right below actually. But it’s continued to soften more… love it though :)

@@watchjelly congrats

Well, the grey market has almost everything you can dream of

Hahaha approx 18K USD brand new

@@watchjelly oh ..24,300 sgd ahh 😁

Plenty of idiots out there also unfortunately

Proof please. Otherwise it’s one person’s opinion :)

@@watchjelly where do I send proof

Think you got it the other way around - the high prices is the reason there are many out there for sale

@@watchjelly that is because the AD supply is to sold to flippers .. how any watches are actually sold to end users and not between dealers .. it is just an investment

Okay.. and? I’ll do you a favour & explain: People want them. There are collectors and there are speculators. Flippers are Flippers because prices are high with overwhelming demand, and these flippers want to make money. It’s the way the world works

@@watchjelly yes but there seems no shortage of rolex at the going rate

There’s no shortage to VIP clients ( a lot of them flippers or grey dealers). Shortages are for the rest

Sports models are never going back to retail; just like BTC never going back to sub $5000, unless completely mismanaged by the brand. Calling BS on this :)

@@watchjelly You just wait and see. Pandas have just went below 50k sgd. If that isn't a sign that the overpriced gold/half gold models are going to return to their below retail status soon, I don't knw what will.

Wake me up when it happens :) (*yawn*)

Lol nice to see you back again. I did get a wimbeldon, thank you for asking :$

AD will push you to buy other brands before releasing any Rolex. Rolex has become their bargaining chip. My friend just bought a Rolex from Hour Glass...talking of no stock...is BS.

Why would they be?

@@watchjelly because most places show in US dollars because they are the Global currency. And since it said like 24000 thats only 800 us dollars if its listed is 24000 TWD.

Nah, that’s not how it works in developed parts of Asia these days

@Simster89 Well here’s hoping we all get that kind of money and don’t spend it on a overpriced Rolex. XD

If you’re happy to sponsor a chunk of change to us, we will definitely buy some Langes. Perhaps you should check out some of the other independent watches we bough & featured in our earlier videos

Perhaps where you live sure. I think if you’ve read anything about the rule of law in Singapore, maybe you’ll have a much better understanding of how things work. Reserve your judgement being doing so

I wanted to make a “your mum” joke but I actually have a job that pays well :)

@@watchjelly keep buying bro 😎