I TRUST CRMJEWELERS EVEN THOUGH I HAVE NEVER MET IN PERSON.. YOU ARE FAMILY FIRST 🥇... SO, LETS GO TIMEPIECE COMMUNITY & SUPPORT CRM ALWAYS.... YEAH BOI!! From Australia, Aussie Nick.. I have so much respect for you guys.. Bless you all...
@@Crmjewelers But if he wears them then that's like FREE ADVERTISING right? Right?!? Maybe he should get another tattoo on his wrist that says 'FOR SALE' with an arrow pointing at the watch he's wearing! lol But seriously, so he was holding on to $5 Million worth of consignment watches, and then claimed they were stolen? How was he even able to liquidate that much merchandise without anyone else hearing about the sales?
The people attacking consignment probably don’t have any watches to sell. Without consignment dealers would have to offer to buy for 50 percent of what it’s worth. And some watches would be even under 50 percent. So the dealers offering to do consignment are helping the customers. Example look at car business. When I would go to dealer auctions. We were buying for around 50 percent of what the car was worth. And some cars went for 25 percent.
Props to CRM for being a wonderful HONEST company and never gave that scammer any collab/light of day like other channels that help prop up his name and scam
You do understand that consignment is the only reason people can sell there watches and get 90 percent of retail. If you want dealers to buy your watch they would have to give you 50 percent of what it’s worth. Just like any other business that buys items and resells.
@@survivalSCThere’s no reason you can’t sell your own watch directly to another individual. Consignment makes no sense for most folks, you’re just introducing more risk and adding expenses.
Hey DAN, can't Carlos use his relationships to get Anthony farrer to Cuba, to dig him a whole once and for all? Thé Guy IS killing thé grey market on his own.. Frédéric still from Paris France...
That’s just a dumb question. The guy that thinks a sub is more desirable than a Daytona because they sell more subs doesn’t understand basic economics of supply/demand. People were paying 3X retail on the Daytona. Try selling a sub at 3X retail and see how many you sell. You will find out real quick which is more desirable
Bought my first watch from y'all almost 10 years ago. There's something to be said about brick and mortar stability. Keep bringing that honest energy to Miami brother!
I've said it before and I'll say it again gut feeling is a real thing and I never trusted Anthony , CRM are "what you see is what you get" a family earning a fair profit with integrity at the centre of everything and it shines through ❤
Lmao nobody buys Hublot anymore because of Nico😂😂 I use to Love the Omega brand but everyone kept crapping on me that it wasn't a great brand I get it's not Rolex AP or patek Philippe but I really like it
so the reason TPG is coming out now because the secondary market on luxury watches is dropping. He's probably done the math and realized some high deficit is in play, he's coming out asap. This is classic Beverly Hills thuggery.
The same sh*t happens in any market that's in a prolonged bear mode, including stocks. Some people give into the pressure and become unethical. It's not the market. It's the players.
Consignment is an easy way out for Greys to shift the risk of having to hold inventory. However if someone screws them and steals the watch, they have to make the seller whole and is on the hook for the full value of the watch. Greys who do a lot of consignment business are shady and I will NEVER do business with them. It’s an indication that they may have cash flow issues.
Consignments now are naturally higher across the board due to the state of the market. It's not necessarily a sign of shadiness, but you still need to do your homework when it comes to working with a dealer who is willing to promote and try to sell your pieces. Unfortunately, too many people mistake social clout for morality. It's a very dangerous mistake to make.
I can understand consignment maybe if the business is just starting but once there is enough success, there’s no reason for consignment. The business should have sufficient cash to purchase the pieces they think they can make money on. If the business has been around for a while and doesn’t have the cash to purchase my watch, then they are not making money and are not a successful business, so why would I want to do business with them?
I think people have to think very hard before they consign there watchs to grey dealers unfortunately, i bet Anthony is not the only one who has used watchs.
No one ever should have to consign a watch. The seller has very limited protection. If you have to , wait with the watch whilst they take pictures etc. Never leave your watch with anyone. Would you let someone else look after £50k in cash ? A proper established grey dealer will buy it from you , if not walk away. Most on you tube want you to consign as they don’t want to commit on a falling market. They never offer consignment on a rising market
It's a service, just like an auction house. Some people don't want to deal with the selling of a not-so-liquid asset. What you need to do is make sure that whoever you're doing this with is reputable. Followers and views don't necessarily mean moral.
More attention needs to be focused on those that enabled Anthony to continue his grifting of others long after sensible minds were pointing out all the red flags. Many in the grey market want the public to believe that Anthony was a criminal aberration operating on his own because that would reflect better on the industry however not only is that a false narrative it also sets up buyers for future scammers.
Anthony's conduct has jeopardized the whole gray market industry. To blatantly use investor's, clients funds to satisfy his lavish lifestyle is irresponsible, worse! some dealers are out of pocket due to his fraudulent activities, along with leaving bad publicity that you can't put a dollar value on loss revenue's. Unless he has a shamrock up you know where, I can't see another investor taking a gamble when it also involves unpaid consignments.
Thank you John for your opinion, but I respectfully disagree. Industries are always temporarily impacted by big scams, until the dust settles and most consumers realize that it's not the industry, but the players who are at fault. It was no different with Bernie Madoff in the stock market, Sam Bankman-Fried in crypto, etc. It's not the industry. It's the players. Know your players before doing business with them. Don't skip steps when it comes to this or it'll come back to bite you in the arse. Oh, and don't mistake social media views for honesty or scruples. They're not necessarily proportional.
This is why you don’t do consignment !!! Better to sell and loose a little and have the money in your pocket instead of being greedy and taking a risk of loosing it all!!! When consigning anything make sure you the seller is protected!!
Wait …what. If memory serves. Anthony used to be a a male orientated Masseuse in Texas.. time to get back to the ol’rub Peter to Pay Paul. You got this!!!! Follow me for more “just the tip”s.
No crystal ball over here Richie. I hold a lot of assets. Diversification is important, but I don't depend on BTC to pay my rent. It's a long term, risk asset for me, just like gold.
"B*tches get st*tches" just wait until they catch him. Anthony will end up having some "accident" because he owe a lot of money to the wrong kind of people. What goes around, comes around
I'm just surprised that he was able to sell $5 Million worth of consignment items, and spend the money before anyone realized! Hope he enjoyed a REALLY NICE lifestyle if it couldn't be funded by the actual 'commission' he rightfully would have received from moving $5 Million worth of watches... I mean, he'd actually would have been considered to be doing a GREAT JOB if he was able to make all those sales, unless of course he unloaded everything for pennies on the dollar for 'quick cash'?
@@StreetPreacherr He must have sold it on the cheap these last few years. He was living off credit and there was a huge crash in Rolex. Hence he had to sell cheap to repay his loan. This is the problem when living off credit and there is a crash in prices of goods. Same applies to the property world where people buy properties on credit. His videos of paying back will take decades in this market. He will stop after a few videos.
AD’s are laughing their butts off at TPG’s antics, he couldn’t of done it at a better time for the AD’s now folk won’t go near the grey market place now, the fear is real and it’s gonna take a fair while for this to go away,
This is an isolated industry Nick. I'm not sure it'll take that long. What I hope this does is create a wake-up call, so that people don't mistake social clout for morality or ethics. Do your homework and don't believe everything you hear.
It's like any relationship that requires trust, which most do. You can have a trustworthy and capable vs an untrustworthy and incapable financial advisor. Your future returns can be a lot different with one vs the other.
@Crmjewelers trust can, and usually does, get broken when the cash gets big enough. To understand how broken the consignment concept is, remember this: if you give a dealer your car to sell on consignment, holding the legal title in your hands, and that dealer sells the car to an unknowing customer while not paying you . . . You just lost that car. There was a great episode of American Greed that covered this. I know a lot of watch dealers make bank out of collectors using the consignment model. But the reality is that once you send your watch off on these deals you have no power to recoup if the dealer decides to keep the cash. The current drama is just the latest, not the first or last.
After watching some of these TikTok videos, and seeing how they handle the watches in New York, I'm thinking that I will only buy brand new from authorized dealers.
Bad ethics on Anthony part cast bad spell over the good honest people who have brick and mortar businesses that support entire family’s . Best of luck to the CRM family
CRM always sets the standards in what a grey market dealer should be. Great content! And i very respectful of addressing the TPG situation but not over doing it. Kudos as always!
He will be fighting from jail as it is fraud to not pay on consignment pieces. He sold property that is not his. Only thing he will be tugging is his cell mate.
The first three letters of consignment means to CON which means persuade (someone) to do or believe something, typically by use of a deception. I would never buy from a dealer that deals with consignment watches. After this Anthony episode people would be incredibly stupid to deal with Grey Market dealers who operate utilizing such method. You want to buy a watch this is the price take it or leave it. I want to purchase a watch I take it or leave it. That is just as simple as it gets. Well thanks for the video CRM, and this is nothing personal it's just my opinion. Similar: swindle defraud cheat trick fleece dupe deceive rook exploit squeeze milk bleed fool take advantage of mislead delude hoax hoodwink bamboozle string along embezzle do sting diddle rip off take for a ride pull a fast one on put one over on take to the cleaners bilk gull finagle fiddle swizzle swizz sell a pup to stiff euchre bunco hornswoggle gazump cozen sharp mulct noun an instance of deceiving or tricking someone. A Con Artist!
@Crmjewelers As I previously stated. It's my opinion wrong or right. We are all entitled to have one. That being said, it's nothing personal to any Grey Market dealers. Ask yourself just one question: On consignment, who takes most if not all of the risk? This is nothing personal CRM. As a matter of fact, I have left many positive messages before, but this consignment deal is not one that I think would be beneficial to the owner of the watch at all. Respect that for what it is, as I respect people in general.
I think Anthony feels long as he apologizes and he's not hiding that All Is Forgiven, and if thr law doesn't catch up to him and arrest him its probably just another stunt
It's kinda ironic when it comes to Anthony Farrer, because people have been warning about him for over a year. Ad still lot's of people in the watch community on youtube protected him and kept collabing with him even if their clients told them that he was a scammer.
If your dealer isn’t keeping customer funds in a trust or insuring every single piece that is taken on consignment you are essentially risking your watch.
This is the reason why I said when I’m ready to buy my first Rolex I’m going to buy from CRM. Family business and I appreciate the business that have integrity and separate themselves from the bad apples. God bless ❤
OK, time for reality check. Anthony gonna get arrested and will be looking at a minimum of 4-6 years in federal prison. I knew a few guys who did the same BS with high end cars and real estate, and they came out of federal prison looking pretty 💋 Funny but true
AP 26579CE, Ceramic perpetual calendar the most beautiful and best ultra luxury haute horology timepiece! Makes Patek, Vacheron, and Richard Mille all crawl and cry to their grave! CRM, the best!
Watches aren't hard to sell, they're hard to sell at prices that are above a fair market value. Not saying you're charging unfair prices but MANY used watch dealers just hype up prices and set the market value.
When you buy anything pre-owned, it's always buyer beware. If you're trying flex and chisel you get what you get. Of course the seller has the obligation to be honest. But nobody knows the whole day to day history of a pre-owned anything. Pay the extra and buy unworn if you want assurance.
Is a 2020 Pepsi the same price as 2023 Pepsi? Or did he have to pay more? Me personally if they are both new and the exact same it wouldn't matter to me. But one has little damage. So give me the New New..
The biggest problem Anthony faces is legal litigation and committing fraud and theft. If he did it for because he was addicted to drugs and alcohol that’s a personal issue that’s not an excuse for losing $5 million worth of consignment watches. I remember some months back his car was repossessed and he got kicked out of his penthouse those were signs that he had no money and he was living a fake life style
If you don't learn from your mistakes then what are you doing with your life?I have been in the jewellery industry since 1982 by being a straight line honest person.Reputation is everything .
He was living way over his head long before he re-established his drug and alcohol problem. He kept the Ponzi going 2 years longer than I thought he could. Fairly impressive, frankly. I under estimated the public’s greed and stupidity.
People forget using dealers or consignment is a convenience just like selling a car except with luxury products the owners of the watches are willing to pay for the convenience of someone else doing the work than themselves listing the watch on websites and trying to get every dollar out of it
Watch enthusiast for 57 years... What a different world today with people looking for supposed "status", instead of admiring a timepiece for its quality, heritage, tradition and class. The sums paid are amazing! Almost all watches I have I bought many years ago (at a far lesser price) to mark special milestones in life. Each one actually has a story behind it, and most I have never worn, as they are important keepsakes as I do not want them to be damaged. That is the curse of a true enthusiast. Lastly, I would only buy watches at the factory boutique in Geneva where I have enjoyed a long relationship. One caution tip for buyers: Never buy a watch without box and papers! Those are items that usually thieves do not have when they attempt to sell it.
Well what do you expect people to do? I mean you can't wear your CAR on your WRIST! So how do you suggest someone indicates their level of wealth at ALL TIMES other than by wearing a $2 Million wristwatch?
And I think one of the differences compared to 60 years ago is that most people CAN'T purchase a watch from the factory boutique in Geneva... Even if they have the money.
Agreed. I love your guys content and romans LB'S I want to get my first luxury watch from one of you too and eventually one from both. Ive gotten into watches because of both of you guys its honestly crazy i came from nothing and have been working up to be able to spend money on something like this. My goal is a black sub no date.
CRM would be the only place I would buy a luxury watch from. Everyone else seems sketchy and even more now after the deal with TPG came out. Everyone of those are not be trusted by association with this individual.
Great content to keep the watch enthusiast abreast of the current watch market climate. I'd just say that the same thing that happened to TPG can happen to any grey market dealer, and even to the most honest and trusted. Just as Carlos mentioned loosing hundreds of thousands on the ceramic AP's, it could be just a matter of time before the cost of the inventory you carry, becomes less than what you have invested in those timepieces. At some point, one has to make very difficult decisions and I'd be surprise if the decision starts with making family suffer over a particular client. When the tough gets tough, regardless of someone's intention, one will always look after oneself and forget what the rest will say.
Thank you for your feedback, but I respectfully disagree. To start, difficult times do not justify immoral behavior. Second of all, difficult times is not what TPG/Anthony went through. What caused all this was the commingling of client fund for personal use. NOTHING justifies that and only a person without scruples would scoop to such a level.
@@Crmjewelers, when it comes to business failures, it's not always malicious intent. Today you buy an expensive home, tomorrow you buy a boat, the next you buy luxury vehicles and before you know it, you owe more than you can pay back. This has been perfect recipe for the demise of many businesses. Even if you disagree, difficult times, leads you into making difficult decision, and those difficult decision will more times than not, benefit those that are closest to you. Now, would you rather have your family homeless or living below the means you have established for them or have someone else's family homeless because of the means they have established for themselves?
