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The DARKEST SECRET of the Grey Market? You would be paying LESS for Rolex if market were cashless 

VINNY
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Peel back the glossy veneer of the luxury watch world and it reveals a darker, more sinister reality. The grey watch market isn't just about buying and selling high-end timepieces-behind the scenes, it's a complex web where money laundering and organized crime intertwine.
So how are these luxurious symbols of success being manipulated to facilitate illegal activities. From the shadowy Rolex deals to the hidden transactions, we’re uncovering the truth about how some of the world’s most prestigious watches are used to clean dirty money.
It’s a side of the industry we all know is there, we just don’t know for sure who the active players are, nobody wants to acknowledge its existence but the truth is any industry that involves the regular exchange of big money transactions, many of which even cash-based, inevitably will attract bad actors, looking to exploit. So how do they do it? And what are the red flags you should be aware of?
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2 июл 2024

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Комментарии : 50   
@danielleviel
@danielleviel День назад
I own a rolex Daytona that I bought in Iran back in 1998. It's still in perfect running condition, and I remember the excitement of purchasing it like it was yesterday. Given the current fluctuations in the watch market, I'm curious to find out how much it's worth today. I'm planning to do a little research to see its true value now. It's fascinating to think about how the worth of these timeless pieces can appreciate over the years, even amidst a volatile market.
@michealpnoel
@michealpnoel День назад
Great that will fetch you some cash. *I used to be a collector, but I liquidated my collection to venture into real estate. In January, I acquired homes in Malibu for $45million, and the returns on investment far exceed what I earned as a collector.
@eabhaconnor2
@eabhaconnor2 4 часа назад
How did you grow your portfolio to $45m, I'm impressed, I have a lump sum in the bank, the rates are not impressive so I'm moving it, what's your cash flow like?
@michealpnoel
@michealpnoel 4 часа назад
I have a financial advisor (trader) she grows my liquid assets and I reinvest the weekly payouts back into real estate and long-term ETFs.
@eabhaconnor2
@eabhaconnor2 4 часа назад
Sure, could you please share her name with me or any details so I can look her up online? Thanks!
@michealpnoel
@michealpnoel 4 часа назад
She is well known as - Diana Leayani Lara. please do your own research.
@BAF605
@BAF605 2 дня назад
One particular London dealership seemed to have a high proportion of young execs from the pharmaceutical industry as customers during the hype years. 😂😂
@slapjuice
@slapjuice 2 часа назад
hahahah😂
@JazzyMiles-zk7uv
@JazzyMiles-zk7uv 2 дня назад
Behind the scenes Rolex is supplying to the grey markets dealers. It does not make sense if the grey markets have all the watches in stock while the AD just shows the watches as display as you got to put your name in the waiting list. 🤫🤫🤫
@wristopia4101
@wristopia4101 День назад
Just to clarify, are you are accusing Rolex of selling outside of their AD network? Or are you saying only their AD's sell to flippers (like Vinny)?
@JazzyMiles-zk7uv
@JazzyMiles-zk7uv День назад
@@wristopia4101 I’m not accusing but used your head if the grey markets can sell all their models how come their AD keep giving excuses that their watches are just for display they don’t have it in stocks. I bought my Rolex in the grey markets the sub mariners and the date just.
@leonk8113
@leonk8113 2 дня назад
Another banger from Vinny! Real reason why most RM get sold in the first place.
@vinnyfrancis
@vinnyfrancis 2 дня назад
Cheers thanks for watching and your kind words...I wonder why RM prices have held strong? hmmm
@leonk8113
@leonk8113 День назад
@@vinnyfrancis You mean RM offering proces or actual selling prices?
@vinnyfrancis
@vinnyfrancis День назад
@@leonk8113 id suggest RM grey market selling prices have held firm partly due to the people that buy them, the RM market has not 'crashed' to the extent i would've expected given the hype.
@waynemoore9951
@waynemoore9951 2 дня назад
I've always wondered where some of these watch dealers have come from out the blue, usually in the last 5 yrs. Where does someone get the capital from to buy a huge inventory of watches....
@vinnyfrancis
@vinnyfrancis 2 дня назад
100%
@leonk8113
@leonk8113 2 дня назад
They dont have much capital at all. Instead they get these watches on commission from crims
@markkosmider2144
@markkosmider2144 День назад
I've read that to some degree, casinos serve the dame purpose, as do precious metals.
@Pilgrim-steps
@Pilgrim-steps День назад
Great exposure of this part of the market.
@dannysimenauer5745
@dannysimenauer5745 День назад
Vinny, how do you see Rolex and Patek Philippe sales & pricing trending this summer? It has been a little while since your last watch market review.
@Odat
@Odat 2 дня назад
I know for a fact most gray dealers aim for 10-15% on watches they buy.
@Madeinlondon67
@Madeinlondon67 2 дня назад
Everyone knows they’re washing up money 😂
@WestCoastAce27
@WestCoastAce27 2 дня назад
Great perspective as always. 1/3 sounds high (although if verified I wouldn’t fall out of my chair). But no doubt a significant % (5-10%). As you laid out it’s just too easy. Also add in crypto as a means of payment…
@barryfrombarnsley2790
@barryfrombarnsley2790 2 дня назад
If I was the tax man or in law enforcement, I'd be taking a particular interest in grey market dealers that spend a decent amount of time on the Costa del Crime, especially those with relatives with previous history of being involved in selling counterfeits and watches with swapped out parts.
@WestCoastAce27
@WestCoastAce27 2 дня назад
Tax men should also be looking into salesmen at Rolex ADs who drive really nice cars… #Kickbacks
@mraksuperk
@mraksuperk 2 дня назад
Most of the watches bought around the world to pay for drugs are muled to Dubai and sold there to then pay their bills Every high level supplier now resides in Dubai
@coolgabe64
@coolgabe64 2 дня назад
I wanna buy a watch from you one day. Great job Vinny.
@vinnyfrancis
@vinnyfrancis 2 дня назад
Cheers, have a great evening
@spaced270
@spaced270 2 дня назад
What inspired this video?
@vinnyfrancis
@vinnyfrancis 2 дня назад
I read a lot, came across an interesting article about the hezbullah ML case in Germany.
@jonathansmith283
@jonathansmith283 2 дня назад
things that make you go, hhhuuugghhh ! ~ JDS/CT
@wristopia4101
@wristopia4101 День назад
List or nothing ; )
@Zip962
@Zip962 4 часа назад
The grey mrkt is dead !
@Kuwaitiblue
@Kuwaitiblue 2 дня назад
I watch your videos to inform me of the prices and current watch trends. Showing pictures of wraps of drugs and people in handcuffs is total click bait. Unsubscribed .
@vinnyfrancis
@vinnyfrancis 2 дня назад
oh i didnt realise that was my limited mandate? bye...
@vinnyc126
@vinnyc126 2 дня назад
Video 10 Evidence 0
@vinnyfrancis
@vinnyfrancis 2 дня назад
did you not hear the part about Hezbullah? That’s a fact, look it up
@Sabrermk42
@Sabrermk42 2 дня назад
There's literally watch dealers active on social media with publicly known criminal connections
@JazzyMiles-zk7uv
@JazzyMiles-zk7uv 2 дня назад
@@vinnyfranciswhat hesbullah got to do with watches?
@vinnyfrancis
@vinnyfrancis 2 дня назад
@@JazzyMiles-zk7uv the video literally discusses it...
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