Think Anthony Farrer Was a One-Off? Grey Market's DARK SECRET Everyone's Ignoring! 

Well said, as an older collector, business owner with a Business degree, it’s refreshing to hear an educated take on the subject. The social media hype train helps provide the fuel. You’ve earned my subscription👍👍👍👍👍

Spot on man. We all knew it was a matter of time before the bubble popped. Even looking at the classical bubble chart. Now the music stop playing. Mix that with the shady characters. The bubble chart will continue to pop..

I think this market correction is a good thing for the watch community as a whole. Rolex created this by limiting supply to create artificial demand and in came the opportunists.

The Gray Watch Market is Dead!! Drop Drop!! Unbelievable but true

Frederico talks watches did a great video on this topic. I was surprised how common it is for grey dealers to sell watches on consignment. I've never watched any of Anthony Farrer's video's or his socials etc but I heard he had a 'blackout' a while back. Surely that was not just a red flag but a flashing red neon light that Anthony Farrer could not be trusted.

People are buying expensive watches believing they are investments that can be cashed in anytime you need money. If you are not a high net worth individual it is best to stay away from watches you cannot afford. Better to buy gold bullion.

Grey market dealers have been around long before the watch craze of the last few years. They have always worked on the principal of a profit margin either below or above market value depending on the market condition. That is not going to change because Rolex is making more watches available. The only benefit will be to buyers being able to spend less. But dealers will still get their profit. You either buy from a grey market dealer because you cannot get a piece from the AD or because the grey market dealer is selling the same piece for less. Either case is a win for the buyer who wants a specific piece. Personally I would much rather support grey market dealers then the ADs most of which continue to display a "do not care" attitude towards a normal buyer.

You hit the nail on the head. Watch values are dropping and that negates the margins for these grey market watches. This is not unlike the auto industry where cars produced in volumes much lower than demand have always produced the additional dealer markups or sales as a "used" car at an even higher premium . Porsche GT3 & 4 cars going for$100k or more above sticker is common.

Good man , I was hoping someone would bring this up. He's defiantly not the only one playing fast and loose.

Well said! New subscriber here. You are right, these are not collectors but those who seek profit. Thank you for a very educational look at this!

Excellent video, and well said!

Sadly, there is a lot of greed in the watch community and this is killing the hobby.

Not surprising since Social Media and IG create a huge demand for luxury watches especially Rolex. Anthony was a huge red flag when he stated his YT channel, it was all show casing his ego. He was doomed to fail.

This is Rolex’s fault IMO. If we could buy at retail, this would never happen. Shame on Rolex.

Well said, also a lot of these grey market dealers sell and trade Frankenstein watches i would avoid them.

Good video on the topic, thanks for putting it together. Very curious if we see a marked decline in consignment greys (not sure there's any service tracking that metric, but the attention the TPG situation is garnering might cause some ripples).

Thanks for the warning

Fine vid Sir. Thank you

Great content, thank you! Channel suscribed! You are right. In Germany we had a big Issum with consignment. A marketplayer was robbed this year. About 14 Million Euro damage. All watches in consignment. Company out of business and bankrupt. HQ outside EU. Challenges with insurance. Seems that the clients lost their money.and their watches.

Straight to the point, easy explanation. Thanks!

As a collector in his fifties, I always buy from trusted dealers, mainly local to where I live. These businesses I have dealt with over the years and built up a good relationship. Anyone with a brain cell could see that the prices on watches were inflated due to the Covid period, and like any product, a ceiling will be reached. For me, I buy to keep. Flipping to me is just distasteful, and it was inevitable that foolish dealers were going to get caught out. I did watch TPG, but only because it was like watching Car Crash TV. The guy had no idea, and it was very comical. Hopefully, the RU-vid flexers will disappear, and we can get back to the subject we all love, namely, the watches themselves.

Apparently Anthony killed one of his employees turned him into sushi and at him 🍣

The large luxury brands only have themselves to blame by limiting supply on watches was always going to attract conmen so called influencers and any other chancers

I really liked your video, it echo's exactly what I have been saying in the past few years about Greys, Consignment and Rolex flippers........Its spent and a very stupid thing to contemplate if your a modest watch collector or on a budget and cannot afford to lose a watch or money.

This is extreemly well put ...hats of to you

Starting watching your channel few days ago. Refreshing content. Keep it coming

You rock Mr. Chow!!

Theres no doubt AF did a lot of damage to the Grey Market . There are good guys out there , but unless you really know , then how can you trust them ? Ill stick to watches i can actually buy without going on a list .

This is NOT a Ponzi scheme, contrary to what people keep claiming. Anthony's example, to put it in the simplest terms possible, is a case of merchandise theft. He sold merchandise that was consigned to him, and spent the money on his lavish lifestyle, rather than paying the consignor.

The market will never shift since the supply will be shorter for those Ptk, AP, RLX and etc, they are enabling the market and dont care about it. at the end they sell and this is whats important for them. its sad since people like me cant afford pay who knows how much premium for a watch (so we dont buy) and will never have the chance to get like a GMT pepsi and etc.

Paying over sticker is a fools’ game. It creates greed.

Trying to eek an extra 500 or 1k out of a watch is what led to this. It's greed all around.

Words of wisdom !

Fantastic Omega!!!

Great video

What?? Roman Sharf is laying off people? He always gives success vibes, it’s all fake??

Will Rolex's price continue to drop to retail price or even lower? Then the grey market flipper game will be destroyed. And resellers will no longer be a "super social media star" like AF.

Exactly! TPG was always a con, but he couldn't have got away with what he did, for as long as he did, without the greed and gullibility of his clients. That, and the cynical collusion of his fellow grey market dealers on YT, whose unqualified and glowing endorsements (despite them most likely knowing just how questionable and unsustainable his business practices were) lent him a cloak of legitimacy which he used to lure even more greedy and gullible clients. And now that the whole sordid unfortunate affair is out in the open, all those other dealers are wringing their hands in pretend shock and horror. They almost make used car salesmen seem like paragons of virtue and honesty in comparison!

VERY well stated!!!

That’s not how it works lol dealers dont buy at retail and mark it up they buy it at wholesale and sell it at retail. You have to be very careful who you deal with in any business and Anthony definitely isn’t the only bad Apple, he’s the the one with the most attention. There are still great guys and gals out there in the grey market though that’s just a fact and always will be. People want to say the market is dead because prices are dropping but that’s great it’s a buyers market and they just dropped back to what they were before the pandemic. Back to business. It’s arguably stronger now because of it. Also zero grey market dealers have Anthony’s back or anyone alike.

Good 👍

TPG 2.0 is coming back in 28 days

Moral of the story do not buy watches as investments/ Pokémon trading cards.

Nice content! Just discovered your channel. I'd rather buy high end sports cards than these overpriced Rolexes. No one I'd trust a character like Anthony Farrer to sell big ticket items like Rolexes!

If watch market continues to decline, Anthony might just be the tip of the iceberg.

After I did a little research I learned that Anthony was a ex male stripper in a gay bar

I’ve been in this business for 15 years anthony is not normal he is the minority Ans if you can’t buy at retail The secondary market is where you go During Covid anyone could make money selling watches The guy making all the money Is the guy picking up the watch from the dealer . Brands like omega Hublot Breitling ect whore them selves out that’s why those brands don’t hold value Like the big three . There will always be an ass for the seat somebody who doesn’t want to play the dealers games Ans are willing to pay a markup to get what they want . It’s time over dollars , I knew he was a scam from the beginning based on his sales numbers and what he claimed his profit margin was. It’s always slow in the summer Ans there are a lot of dealers that are overstocked With Covid inventory , That doesn’t mean they are a scam .

He has a DUI folks, lol

It will come back like bitcoin, there will be 3 years of only 120-150%, when they r gone it starts again.

the lesson to be learned, never trust a Male Masseuse

Rolex has been damaged beyond repair for the brand.

Sounds like Crypto Coins!

Great points. The Entire luxury goods market, having reached unsustainable highs, is coming down quickly as the wealthy have shifted to experience based spending. An inevitability.

I unsubscribe from watching boring low quality monotone uninformed watch channels because there are many other channels to go to.

Yes you’re too good for Instagram, you’re better than everyone else. You don’t check out Instagram, you’re special. Gtfooh

scammers = Greed= victims = a whole world of scammer dealers

I bought a day date from Anthony and he sent me a SpongeBob seiko.