Where Do Grey Dealers Get Their Pieces From?

[Vedder007]

Hi Guys, I was wondering if anyone of you could shed some light. I've been poring through these pages and I note that there are quite a few bros. here who are able to sell BNIB pieces. Some claim that they got it from overseas ADs etc.

I have some questions:

1. For those who have purchased from overseas ADs, it would appear that the cost of getting a piece overseas is relatively cheaper than in Singapore. True/False?

2. If true, then where (i.e. country) can one go to specifically to get good deals for:
a. Rolex;
b. IWC;
c. JLC;
d. Panerai?

Pls don't flame me if I am asking the obvious...

[116520]

Of course overseas is cheaper that's why can sell cheaper...

Where to get cheap overseas sets? If I know I will become a dealer... If I am a dealer, I will not tell where to get cheap watches....

[Oceanklassik]

This topic has been regularly discussed and you should be able to get your answers if you do a search here.

In short, the lower prices for overseas watches is mainly due to two main factors: currency exchange rate + tax deductions.

As for getting better prices for the brands mentioned, it is subjective. Based on hearsay (for me) so far, ROLEX - Dubai, Hong Kong, Japan and Korea; IWC - Kuala Lumpur (I just went and found out for myself it is TRUE!), JLC - , pam - USA.

[116520]

Good info! Oceanklassik

This topic has been regularly discussed and you should be able to get your answers if you do a search here.

In short, the lower prices for overseas watches is mainly due to two main factors: currency exchange rate + tax deductions.

As for getting better prices for the brands mentioned, it is subjective. Based on hearsay (for me) so far, ROLEX - Dubai, Hong Kong, Japan and Korea; IWC - Kuala Lumpur (I just went and found out for myself it is TRUE!), JLC - , pam - USA.

[Oceanklassik]

And oh, btw, a friend of mine just bought a brand new V Submariner (IIRC, Taiwan set) at S$6,800 from a local dealer (w/shop) here.

[Oceanklassik]

Good info! Oceanklassik

Bro, I put 'hearsay' hor.... because some friends went to Hong Kong and found out otherwise. Then I kenna "cursed" by them. But looking at some dealers selling HK ROLEX watches in our forum at low-low price, I really get very

[triton]

the problem is that gray dealers can tell you where they get also. but the question is whether you can get the watch you want @ the price the gray dealers get.

these gray dealers purchase from overseas dealers just like how some of us would purchase from local dealers. they build a relationship with them. as such, since their jobs allow them to travel to the particular country, it is just additional pocket money along the way.

that is why ppl can tell you go HK can get cheap rolex but then when you go there, the price is not that cheap. why? because u r just a walk in customer. furthermore, they know that you will be probably a one-time off purchase, why should they offer you special price? it wont make economic sense to them.

[wean_sg]

You can find out where they get their watches from, but first you must buy from them . After buying take a look at the warranty stamp. It would contain the foreign AD's shop name.

Some gray dealers are known to buy entire monthly allocations by brands to certain ADs. That means they have to buy the not so popular pieces too. So the AD fulfill their obligations to principal, and the gray dealer gets a fantastic discount. Win win situation.

That means instead of the AD earning say 100% markup for a rolex for a walk in customer, they are happy to earn 50-60% markup from gray dealer who in turn earn 20-30% from end buyer.

[rotan]

You can find out where they get their watches from, but first you must buy from them . After buying take a look at the warranty stamp. It would contain the foreign AD's shop name.

Some gray dealers are known to buy entire monthly allocations by brands to certain ADs. That means they have to buy the not so popular pieces too. So the AD fulfill their obligations to principal, and the gray dealer gets a fantastic discount. Win win situation.

That means instead of the AD earning say 100% markup for a rolex for a walk in customer, they are happy to earn 50-60% markup from gray dealer who in turn earn 20-30% from end buyer.

This one I heard before... But won't the gray dealers have a hard time selling off the not so popular pieces?

[116520]

That mean bulk sale?

Maybe I should walk into THG tomorrow, point at only one or two rolex in their showcase, tell the SE that the 2 rolex I don't want, the rest please wrap up for me and see how much discount he can give me....

You can find out where they get their watches from, but first you must buy from them . After buying take a look at the warranty stamp. It would contain the foreign AD's shop name.

Some gray dealers are known to buy entire monthly allocations by brands to certain ADs. That means they have to buy the not so popular pieces too. So the AD fulfill their obligations to principal, and the gray dealer gets a fantastic discount. Win win situation.

That means instead of the AD earning say 100% markup for a rolex for a walk in customer, they are happy to earn 50-60% markup from gray dealer who in turn earn 20-30% from end buyer.

[Muachee]

That mean bulk sale?

Maybe I should walk into THG tomorrow, point at only one or two rolex in their showcase, tell the SE that the 2 rolex I don't want, the rest please wrap up for me and see how much discount he can give me....

can i follow and pretend to be your bodyguard ar? the feeling will be good...

[Darkangel]

the problem is that gray dealers can tell you where they get also. but the question is whether you can get the watch you want @ the price the gray dealers get.

these gray dealers purchase from overseas dealers just like how some of us would purchase from local dealers. they build a relationship with them. as such, since their jobs allow them to travel to the particular country, it is just additional pocket money along the way.

that is why ppl can tell you go HK can get cheap rolex but then when you go there, the price is not that cheap. why? because u r just a walk in customer. furthermore, they know that you will be probably a one-time off purchase, why should they offer you special price? it wont make economic sense to them.

Agreed wholeheartedly!

[116520]

But when I no money pay them, you have to protect me hoh...

can i follow and pretend to be your bodyguard ar? the feeling will be good...

[Vedder007]

Is it possible that aircrew (e.g. pilots and cabin crew) could be involved in these imports of timepieces? I can see them swapping flights just to go buy a couple of pieces...

[116520]

if they know the lobang.... why not?

Is it possible that aircrew (e.g. pilots and cabin crew) could be involved in these imports of timepieces? I can see them swapping flights just to go buy a couple of pieces...