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DOAWD - Talks with an Ex-Rolex Authorised Dealer: AD vs. Grey Market

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Authorised dealer vs grey market dealer?
Jay Tran chats with Victor Yan, a former Rolex authorised dealer who made the jump to the grey market. Dive into this episode, where Victor debunks market myths and shares insider tips.
Victor started his watch journey in 2019 with a Rolex dealership in Sydney and switched to the grey market by 2021. He shares his experiences, revealing the highs and lows of dealing with sought-after Rolex watches. You'll get the inside scoop on how to build relationships with dealers and navigate the tricky landscape of expression of interest lists to score the watch you’ve been eyeing.
Expect to hear some entertaining and memorable stories from Victor’s career, including humorous and touching client interactions. Whether you’re a watch enthusiast looking to expand your collection or a dealer wanting some insider knowledge, this episode is packed with valuable insights and fun anecdotes.
Follow Jay Tran for more cool content and updates:

• Instagram: @thewatchguyjay ( / thewatchguyjay )

Опубликовано:

21 авг 2024

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Комментарии : 62

@solidstream13 Месяц назад

The true Rolex experience “we have nothing to sell you” 😂

@londonman8688 Месяц назад

victor seemed very careful not to tell the truth about ADs because that is where he is sourcing his new watches from

@Club98000 12 дней назад

So he wasn’t the Authorised Dealer, he was a AD Rolex salesman. Big difference.

@londonman8688 Месяц назад

this feels like a 2021 chat and out of date

@eggs-benny Месяц назад

Great conversation, really cool to hear things from the Australian perspective. Looking forward to more content like this!

@WatchGuyJay Месяц назад

More to come !

@WatchGuyJay Месяц назад

More to come !

@Workingmanlifestyle Месяц назад

Great to see one of my favourite watch dealers Jay on RU-vid 🎉

@WatchGuyJay Месяц назад

Haha thanks ❤

@henryan7507 Месяц назад

Loved every minute of this, great work Jay 🤙

@NeoWahNah Месяц назад

😂 This long af vid only confirms one thing! TSWMID and grey market dealers are trying deperately to keep facade alive!

@dann5554 22 дня назад

Some interesting topics.. Personally would never buy from a "watch dealer" that popped up during covid. These are the same scumbags that ruined sneakers looking for quick dollar

@JamesonBrown-en2tx Месяц назад

15:13 this is the reason you watch enthusiasts can't get your Rolex allocation. Flippers like this guy.

@AMEX_ Месяц назад

Use to chat to Victor at his AD. Super knowledgeable and friendly to chat to. I’d occasionally just walk in and just talk about watches without even asking to buy anything. I just wanted someone to talk about the hobby with someone, during my lunch times. Legend bloke, was pretty disappointed when he mentioned he was leaving. My chances purchasing from his AD went to Zero. Vic if you’re reading this, best of luck. I still have your number on my phone.

@victoryan2405 Месяц назад

It's not easy to find an SA that's actually passionate about watches and willing to just talk watches with you with no pressure to buy anything. Feel free to reach out one these days!

@Patriot4Life1776 Месяц назад

The strategy that Rolex has rolled out will continue to work if people continue to pay inflated prices in the secondary watch market and through the CPO program. If people stopped buying watches using these two channels, prices would capitulate within 30 days and the ADs would call their list begging people to buy watches. Wake up people! Stop supporting brands that try to fleece you!!!

@dannysimenauer5745 13 дней назад

Great point! I no longer will enter a Rolex AD if there cases only have Exhibition Only inventory.

@APDLuu Месяц назад

Great conversation!

@barkmark Месяц назад

Really interesting podcast. Learnt a lot 😂

@JamesonBrown-en2tx Месяц назад

20:11, 21:12, then also 15:13 😂😂😂😂😂😂. A bit of a hypocrite there, Mr. Grey Flipper?

@CHASI146 Месяц назад

the story is very simple. Just pay for the watch at AD more than the grey market pay and you will get the watch!

@johannaugustine3508 Месяц назад

lol, ADs feel too entitled, when all they really deal with are flippers.

@angelsheart85 Месяц назад

As an SA in a multibrand watch store.... I dont know...but how do you guys, official dealers, manage to have so many rolex inquiries and are you just talking about people inquiring and exiting the store or are those buyers? Because I do have those coming to check out rolex, enjoying it on the wrist for a few moments, but not planing to buy at all. In 5 months I managed to sell 2, all in one week, and the months before or after nada at all. From my perspective an official dealer getting the stock of 120 rolexes a month is already too much, if they are not moving at all at the desired speed.

@watchexplorer426 Месяц назад

If you are looking for a customer who wants to buy. I and sure others would gladly come shop. Just drop the AD name. We will gladly buy all you can sell.

@tungstencalais3201 Месяц назад

@@watchexplorer426 Probably a whole bunch of precious metal watches that trade below retail that no one wants to touch.

@londonman8688 Месяц назад

the managers in the ADs have the relationships not the sales staff.

@bakso1 Месяц назад

Sounds like there’s no rhyme or reason as to how the ADs work. You’re pretty much at the whim of the SA/AD.

@WatchGuyJay Месяц назад

Correct

@londonman8688 Месяц назад

how did rolex salesman earn a living if they had no watches to sell ?

@geno816 Месяц назад

My AD won't accept payment (for rolex only) with credit card. Has to be cash or debit. Any other watch in store can be paid with credit. Was kinda sketchy to me. But maybe normal.

@WatchGuyJay Месяц назад

Interesting I haven’t heard of this before

@Blk_pantherfit Месяц назад

Same thing here in Dallas

@penne9346 Месяц назад

AD? Sounds like a gray market dealer. My AD won't accept cash.

@angelsheart85 Месяц назад

Valuable episode. Thank you very much. We all learn more from people who are passionate about watches and thus started in the filed, than from people who are in horology professionally from day 1. So thank you guys.

@RachelPitcher-k5k Месяц назад

I just got into watch collecting. I've loved watches since I was young but I never had anyone teach me or bring deeper into the world. amzwatch brought closer to a community and hobby I always wanted to get into more and that is incredibly meaningful to me !

@michaellui74 Месяц назад

Love your videos, 👍👍👍new subscriber. Is this true 40 percent of AD dealers sell back door to gray market to make a profit especially like gmt or Daytona cause their in high demand?? Thank you .watching you from San Francisco

@bigj324 Месяц назад

What I'm hearing is I'll be waiting for a really long time or have no chance of getting my first Rolex.

@WatchGuyJay Месяц назад

Unfortunately the current state of the watch market 🥲

@joonkt3483 Месяц назад

@@WatchGuyJayit's not the "current state". It has always been. Pieces are typically offered to flipper buddies for share of profit than to a true collector where no profit is made.

@joonkt3483 Месяц назад

I've waited really long as well. Over 6 yrs for a SD43. All they want to is sell you pieces with semi or full precious metal pieces before even talking about the actual desired piece. That's the game they play to stay afloat. Nonetheless, I've already lost interest in the SD43. Will not bother to buy it even if they call me.

@agill2103 Месяц назад

Buy the AD a coffee, get the watch and flip it right away

@cookingwithwatches Месяц назад

Great conversation, but come on guys please be honest. You know exactly who those flippers are. You mentioned in 20:40 that your clients are mostly white color professionals, doctors, lawyers etc. You know exactly that most of those clients are flippers. Money makes money. I know for a fact that people of high income are the main flippers.

@WatchGuyJay Месяц назад

In my experience the flippers come from all and every profession, not just white collar professionals. One thing is for sure, those who can build a great connection with their AD are usually the ones that get all the watches.

@cookingwithwatches Месяц назад

@@WatchGuyJay True, but only few can buy desirable watches like GMT Pepsi and Daytonas. Those few are white collar professionals like Doctors, Lawyers etc. You know exactly what I’m talking about.

@carlosoruna7174 23 дня назад

AD sells to grey market dealer «sjhares in the profit of first resale..Simple..

@paulbrowning5376 Месяц назад

17:40 Wow, and we thought the education in America was bad! 😂

@cocoyc495 Месяц назад

So you are still screwed if you want your first milestone watch. You would have had to have 5 previous milestone watches to get a Rolex these days. 😂

@streetmoney21 Месяц назад

Rolex produces 1.2 million watches a year, but how much of that inventory ends up on the shelf at a grey market dealer?

@WatchGuyJay Месяц назад

Good question, I’ll make a video about this 😂

@kennettle 28 дней назад

I wore a Rolex for years but usually don't wear any watch now. Not likely I will go into a Rolex store and suck up to these guys. Most Rolexes I see today are fakes. My digital casio gets a lot of attention.

@MrKliew Месяц назад

What’s up with his ear? 🧐

@wooozy9281 Месяц назад

This guy 💯 is related to Kim Jung

@drunkensessions 29 дней назад

There two chinese boys are wearing pretty nice fakes.

@Mark-ph5nh Месяц назад

please speak English!!!

@RyanCedeno-d3i Месяц назад

Great video, very accurate analysis. In my 4.5 years in the game as a watch collector and enthusiast, I collected a lot from amzwatch I was thinking I was able to get a blue SD but I'm not vip enough, but I'm not giving up. Hehe. Great video.