@@Mynameis137 they are 69 watches , people on here love making stuff up in they rectum to spit as facts smh, who told you that ? Those are 69 watches on consignment, dude was exposing literally in last video. Clients keep they inventory so it’s in shops for sale and they call up 69 if wants to sell it for a profit or keep it the stash still. He’s not wearing them everyday. Steve keeps all his watches and jewelry he’s not wearing there to. Y’all Karen’s is weird asf haters smh.
@@thekinghash I’m a jeweller this aint worth 100k the diamonds have been cut + they done tension setting which is a no no as the probability of the diamonds falling out are very high I could make the same pendant for atleast 30k Gbp which is round up to 37k usd
@@thekinghash n I mean if you actually watch till the end he drops the pendant why? Because it’s a piece of shite nah I’m joking it’s sentimental to someone but this guy is completely scamming his clientele
You have to think, if you have watch’s coming in and out especially weekly that are worth £200k let’s say. He goes to make 5% on that one deal that’s 10k profit. Market is the market
@@mikewilliams2106not rly just the people he does business with are that so you get invited to places and they treat you to some stuff to show good faith
@@capalothub im so happy for u. I'm pretty old ... I'm 40 but I own my home paid in full have 2 cars a truck a sweet sled a dirtbike 2 4x4 wheelers etc. What are you getting at lol? U said imagine being broke to what I wrote. I was just stating im not broke. I SIMPLY WOULDN'T WEAR A DUMB POP CAN AROUND MY NECK.
I don’t think it’s leased more so than a glorified pawn shop. People come in, buy shit, then when it’s played out they sell it back. The money from them selling it back is a down payment for an upgrade. The store then has 2 options. They can take out the stones and melt down the metal, or they can use it as a bragging piece.
I love watches and I own some decent ones…but holy crap these high end rms look sooooo bad. The coloured straps..everything about them is so cringey. I think people just get them because it’s a sign to others that you have a bit of money. I’ll take a tasteful Cartier tank, santos, or even a nice vintage Seiko over these. Normal watches. You could buy 10-15 absolutely amazing all time classic big brand watches for the price of one ugly cereal box kinder surprise looking RM
@AEE they will go on sale because they will be sold off for their liquidity. In a downturn as more enter the market the prices inevitably drops. We’ve already seen examples of this several times. When the crypto market dumped. When Covid first burst on the scene. The good thing with luxury items is when every things dumps they’ll hold more of their value but they’ll go down like everything else.
I've always loved Movado I had a Rolex my dad gave me I ended up pawnin a 13k watch n 2004 for @ bill I never paid it so I lost it gd stupid junkie I was I'd be a millionaire 3 times over if I wasn't a junkie for 18 yrs
I’m so proud that every year 3.1 MILLION CHILDREN DIE OF HUNGER, and we can keep buying bullshit watches, cars, designer clothes.👌🏽 Because We are NOT responsible for the well-being of other human beings.
Floyd all them watched and you break out your one 18 million dollar watch 😅😅😅😅 I'm just not impressed anymore someone had to buy that 20 million dollar watch
If it‘s profit margin he already paid his employees so 5 million a year would be really good.. if it‘s just gross margin then he would still be making well over a million for himself either way he would be top 1% (>800‘000 in yearly income) so don‘t know why you think this is bad (if it‘s actually true)
@@spacestalin9772 Yes and that is not true. In the retail business margins are normally very tight so a profit margin between 3-6% is generally normal. So 5 million (net) profit with 100million revenue is quite normal and plausible.
