Buying AP and Patek Philippe watches for 50% OFF!!

Sdílet
Vložit
  • čas přidán 25. 07. 2024
  • Shop the Producer Michael Luxury Boutique: www.producermichael.com
    In this episode we were visited by Eddie and Vadim from Wrist Aficionado who gave us some insight in to how the recent correction in the watch market has lead to AP and Patek watches being available for 50% of what they were only a few months ago!
    Wristaficionado NYC
    / wristaficionado
    www.wristaficionado.com
    New York Boutique
    19 E. 62nd St., New York, NY 10065
    212-422-2600
    Miami Boutique:
    2001 Collins Ave, Miami Beach, FL 33139, United States
    305-520-6958
    0:00 - Intro
    1:26 - The Correction
    1:47 - Patek Philippe 5711Rose Gold
    2:59 - Patek Philippe 5711 Stainless Steel
    3:44 - Patek Philippe 5711 Blue Dial
    4:17 - AP Royal Oak "50th Anniversary"
    5:00 - What Caused the Correction?
    8:08 - Michael's Recent Vintage Rolex Purchase
    9:40 - So Which Watch Should I buy?
    FOLLOW:
    @ProducerMichael: / producermichael
    @AdamSwords: / adamswords
    MUSIC IN THIS VIDEO: share.epidemicsound.com/produc...
    #watches #luxury #shopping
  • Zábava

Komentáře • 831

  • @nagakanth
    @nagakanth Před rokem +456

    I love you Michael, You are honest about the prediction in prices. These watch dealers are always biased. They talk as if they are financial analysts. I have been collecting watches since 2002 and never ever saw a watch market like this in the last 2 years. Good Luck to people who bought these watches at 3X or 4X. I hate when people say watches are investment, Watches are meant to be worn enjoyed and passed on. These dealers and flippers killed the fun of collectors and watch enthusiasts. I am sorry if i hurt anybody's feelings. I hope that there will be a day soon that you can walk into an AD and buy a watch of your choice.

    • @fayaazalibhai4665
      @fayaazalibhai4665 Před rokem +13

      Nah you haven't screw emm all

    • @acac1982
      @acac1982 Před rokem +2

      I don’t think there’s a bubble, only a bubble to a curtain extent. Rolex submariners will NEVER go below retail. Daytonas will never go below 2 times there value.

    • @felixgebers3038
      @felixgebers3038 Před rokem

      No way you can any watch you want from the ad. That’s not their business model. But I agree that the marked is more or less fu*ked. It will come down on certain models and other models will go up. But what I can agree 100% on is that watches are meant to be worn, enjoyed and passed on. 👍🏻

    • @Spazik86
      @Spazik86 Před rokem +8

      Who cares about pleple who bought watches at 3x 4x prices.
      People who are buying 50k, 100k, hell even 5k+ USD watches have those money to BURN. They do not need them for living.

    • @areohwhy
      @areohwhy Před rokem +4

      @@acac1982 you can already get a Ceramic Daytona below 2x retail lol

  • @user-gp5qt3ms5q
    @user-gp5qt3ms5q Před rokem +292

    This felt like i was watching a therapy session where the dealers were convincing themselves everything is all okay😭

    • @iscocapella
      @iscocapella Před rokem +5

      totally

    • @roksmerkol8300
      @roksmerkol8300 Před rokem +12

      Yes, thay will all say off corse correction is over -buy the fu....in watches...mhm we get used on waiting -so we will wait some more

    • @NEROROYAL
      @NEROROYAL Před rokem +13

      @@roksmerkol8300 Love when these dealers act like they’re doing a favour for customers. It’s like a welfare check up huh? 😂😂😂

    • @nanoflower1
      @nanoflower1 Před rokem +2

      Can't really blame them as they are salesmen trying to sell a product and telling people the price will only get lower isn't going to work for them.

    • @0dyss3us51
      @0dyss3us51 Před rokem

      Yes hahahha

  • @stevekannan6076
    @stevekannan6076 Před rokem +313

    Nothing special about these prices. Hgh-end reps are the same quality but for 95%-99% off.
    Speaking from personal experience who got 1:1 clone after owning multiple originals and never looked back.

  • @awn7775
    @awn7775 Před rokem +103

    I like how he avoided Michaels question 😂. I think the Luxury watch Market will continue to dip over the next few months. The lucky few who get to purchase them at list will be good

    • @RA-ui8yw
      @RA-ui8yw Před rokem +4

      @AWN 777 we are already in a recession that has a likelihood to get worse in the next few months. I think it’s safe to say luxury goods like watches and jewelry will certainly have a pullback

  • @big_boy_chris
    @big_boy_chris Před rokem +108

    Amazing how the Nautilus 5711 according to this video when filmed early Aug was $140k... as of Aug 16, 2022... that same exact model with box and papers is now going for $117k on chrono24 and nobody is buying. Keep the price cuts coming!

    • @dellwright1407
      @dellwright1407 Před rokem +5

      To put that in context, a hyped luxury watch with massive MSRP mark up is still over double retail in the trows of a recession.

    • @steven8628
      @steven8628 Před rokem +3

      so real price is 85% of lowest chrono prices since there are 7% fee and the other 8% is discount to move. Watch Affociado way overprice their watches anyways. You can get better pricing from other grey dealers

    • @dorkflassbury1164
      @dorkflassbury1164 Před rokem +4

      Excellent. When it hits 15k I'll buy (got to sell my car first though).

    • @jesperthomsen6984
      @jesperthomsen6984 Před rokem +1

      Still an insane price for a basic 3-hander in steel

    • @JS-dt1tn
      @JS-dt1tn Před rokem

      @@dellwright1407 the recession hasn't started yet. Give it 6 months more.

  • @aeroAdvocate
    @aeroAdvocate Před rokem +107

    50% off 😂 Still a lot more than retail. I’d never buy flipped watches in the grey market. Guess a lot of people including dealers lost their ass. It couldn’t happen to a nicer bunch of schmucks.

    • @dellwright1407
      @dellwright1407 Před rokem +1

      Yep if you don't buy on the grey market its because you don't need to because (a) You're really after brands where the grey market flippers don't operate... I got my Casio and Tissot at retail! (b) You're so f-off wealthy that your AD provides you with desirable high end models as retail. I suspect for most watch geeks its more the former than the latter!

    • @BAF605
      @BAF605 Před rokem +2

      👍👍😂😂

    • @aeroAdvocate
      @aeroAdvocate Před rokem

      @@dellwright1407 ​ not really. I bought three rolex from regular AD’s. Explorer 1 in 2020, Explorer 2 in 2019 and a SkyDweller in January of this year. Just by walking into local stores in Germany, Las Vegas and Spain. For the SkyDweller I had to wait a month. I had no prior relationship with these dealers. Oh, I even got one of these fun Swatch watches too. 😅

    • @christianhermann1372
      @christianhermann1372 Před rokem +1

      @@dellwright1407
      But to by a Tissot at retail is also not smart.
      You can get always 10-15% off easily.

    • @NobaDyKnowZ
      @NobaDyKnowZ Před rokem +1

      @@aeroAdvocate those aren’t the highly desired models though

  • @4747da
    @4747da Před rokem +30

    whenever someone tells you "commodity X will never go down", "investment Y wiil definitely retain value", run like the wind. I'm glad to see that Michael has always been careful with his words, unlike some dealers featured in his videos. people just don't learn from history. there's almost no investment that is hazard free. and the more irrational the value, the more volatility it possesses.

  • @2011blueman
    @2011blueman Před rokem +27

    "50% off", LMAO, no. The bubble is bursting and they're trying to sell them to you before they tank even more. When the watches are back to normal MSRP prices or lower is when it will be worth considering purchasing.

  • @dpie4859
    @dpie4859 Před rokem +27

    As a Swiss following the watch market I can tell you that prices will fall MUCH more. Its quite likely that you will be able to buy most Rolex, AP and PP under list price within 6-12 months as the global recession hits hard. All speculators and grey market dealers will be flood the market with watches whilst very few people will buy.

    • @bdcash
      @bdcash Před rokem

      Yes agreed. Rolex 'expressions of interest' (waiting lists) are very healthy at the moment, but it'll be a different matter next year, when people get the call.

  • @robertsbeadle6743
    @robertsbeadle6743 Před rokem +14

    That same 5711r they are saying is sub 200k is on their site for 229k

  • @JasonTheWatchGuy
    @JasonTheWatchGuy Před rokem +14

    "They've corrected slightly" Half the price it was 🤣

  • @mikeybmw1
    @mikeybmw1 Před rokem +61

    They haven’t crashed as it was all false in the first place , if they are still well above retail then they are still extremely over priced ….

  • @vinster666
    @vinster666 Před rokem +127

    Because of Rolex constantly playing games with not releasing watches and having only exhibition watches I have purchased a Grand Seiko Shunbun. Fantastic watch, dial and movement. No stupid questions, long wait list or snobbery. Went in, made to feel very welcome and brought the watch.

    • @acac1982
      @acac1982 Před rokem +14

      But you wanted a Rolex, that’s the issue with people buying substitutes, it will never ever feel as good as that Rolex. It is awful what ADs do, but you got to play the game, to win. You buy watch you truly want.

    • @rich2579
      @rich2579 Před rokem

      Great piece and congrats! I have a shunbun as well and love it. With all the bad vibes surrounding Rolex, I went into an AD in my hometown and couldn't be happier with the service and experience of putting my name down. I'm not in a rush to purchase and there's a sort of thrill in the chance of getting the Rolex I want at MSRP.

    • @NEROROYAL
      @NEROROYAL Před rokem +5

      @@acac1982 Totally agree. He never got what he really wanted and if he gets the call he would’ve wasted money on a Seiko unnecessary purchase.

    • @samuelburton5576
      @samuelburton5576 Před rokem

      @@acac1982 well said

    • @vinster666
      @vinster666 Před rokem +2

      @@acac1982 I have a Rolex Milgauss 116400GV and a 2016 116900 Airking. Loved the watches and still do. I was just saying that I cannot purchase anymore due to the games Rolex play. I’d like the Tiffany OP but well out my price range now. I kept asking Rolex AD’s for this but was told I would never get one. These are one of the cheapest watches Rolex make but I give up on waiting and won’t pay the secondary market a huge mark up

  • @dwyanebrentson2837
    @dwyanebrentson2837 Před rokem +16

    They are not friends their opportunist looking for someone to separate from his hard earned money.

  • @Nordic_Sky
    @Nordic_Sky Před rokem +10

    "We are now at fair market." Well, 6 months ago when that steel 5711 was $200K and that panda Daytona was $55K, that was fair market at that time. The market changes. Pricing above fair market means charging more than others are charging at that time. Fair market changes with time. It is not stable. Whenever you're paying over MSRP, you're at risk.

  • @nasidctg
    @nasidctg Před rokem +22

    I will never pay a penny over retail and quite happy to wait for the stuff I want. Watches arent investments, you buy them to wear them. I'm actually glad the market took a big hit, hopefully it will come down even more.
    People went bat shit crazy and paid 60,000$ for a 4000$ watch for fucks sake.
    Personally I'm not interested in the top segment of the market anyway. Quite happy to stay within the 2500$-15000$ range.

    • @LigerSupremacy
      @LigerSupremacy Před rokem +1

      I will never pay retail. The MSRP for these PP and AP watches is too high (10x already) compared to what they cost to make.

  • @alexanderchadwick5346
    @alexanderchadwick5346 Před rokem +69

    People were borrowing money to buy watches? What a bad idea!

    • @whatsup4616
      @whatsup4616 Před rokem +10

      People borrow money for everything that is showing growing potential. I can still remember 2017 when people were borrowing money to buy Bitcoin 🤔

    • @pleun315
      @pleun315 Před rokem +4

      Fast money.......😂😂😂 They Will fall down

    • @tinkerer67
      @tinkerer67 Před rokem +6

      If you could beat the interest rate you borrowed it for by flipping watches, I don't see the issue.

    • @flamboyentpromotions3471
      @flamboyentpromotions3471 Před rokem +4

      People borrow to buy cars which depreciate so why not borrow to buy a watch which has more chance of appreciating if you can afford it,but its all about timing obviously buy when prices are low

    • @Exotic-P
      @Exotic-P Před rokem +3

      Their worthless lives will end to the sound of a gat once their "investments " continue to crash back to normal value

  • @zodd67
    @zodd67 Před rokem +12

    I think Micheal was wondering if he'd ever get his watch back at the end 😅

  • @brandonshirey400
    @brandonshirey400 Před rokem +23

    Watches are taking a huge hit. These “low prices” are all relative and are going to continue to drop.

  • @Timjacks01
    @Timjacks01 Před rokem +13

    No dealer will say wait. Last 6 months all saying it won’t drop further and it does.
    Wait for the recession to bite end of 2022

    • @pleun315
      @pleun315 Před rokem +1

      You are the first who really understand....... Just wait it will go down big time.... People who are in this stupid empty lonely word of watches with all their money know ..... It was all about fast money. Me me me.... They Will loose big time

  • @joehughes3764
    @joehughes3764 Před rokem +148

    Michael seems to delight in telling people the market has "crashed"

    • @dlife7427
      @dlife7427 Před rokem +24

      Because he knows so many of these guys are scam artists.

    • @andrewvaughan5686
      @andrewvaughan5686 Před rokem +13

      @@dlife7427 lol have you seen all these youtuber watch dealers, they're all ex convicts/shady as fuck.

    • @dlife7427
      @dlife7427 Před rokem +1

      @@andrewvaughan5686 exactly

    • @joehughes3764
      @joehughes3764 Před rokem +2

      @@Kigoz4Life I think he does it out of mischief but I don't think you should take delight in other people's misfortune

    • @andrewvaughan5686
      @andrewvaughan5686 Před rokem +1

      @@Kigoz4Life he's never going to sell them regardless so it doesn't matter to him if they're worth 2c or $2 million

  • @namelessrace9803
    @namelessrace9803 Před rokem +13

    You see Vadim is being very quiet cuz he knows that we haven't hit bottom yet. Prices are going to keep on dropping...it wasn't too long ago in 2016 or 2015 when you could buy rolexes, and popular ones at that, for under retail price. In the next 3 to 6 months I'm waiting for those Glory Days to return.

  • @davidolgard6288
    @davidolgard6288 Před rokem

    Love your your CZcams channel ! Learned and been inspired of your content! Keep it up!

  • @johnelias9202
    @johnelias9202 Před rokem +3

    Awesome video Michael with Wristaficionado!!! They are professionals with integrity that don't have controversy or record like Time piece gentlemen!!

  • @awsomguy5730
    @awsomguy5730 Před rokem +2

    Mike is lookin energetic love watching you this way . And also the shirt looks really cool

  • @lousyshot1
    @lousyshot1 Před rokem +8

    Producer Michael, you need to call those guys out on their recommendation. Anyone who knows money, and anyone with any kind of fiduciary experience, will tell you that we are headed for a prolonged and deep recession. The primary watch market has not bottomed out. And the secondary market has a long way to drop before it stabilizes. It will be between 6 and 12 months, and most Rolex models will be available at MSRP. Or discounted. Many dealers have been hanging on to inventory hoping prices have bottomed out. But they will not be able to sit on inventory indefinitely. And when that happens, those millions and millions of Rolex will be available on the market. Not the scarce models, or the limited editions. Or the rare gem editions. But it will not be long before we will be seeing Batman's in the gray market at MSRP or lower.

  • @trisinogy
    @trisinogy Před rokem +35

    Whenever watch retailers/sellers talk prices, they always say they're gonna be stable... Always time to buy, never time to wait... I don't think they act ethically. More like scammers, actually. Don't like this a bit, sorry.

    • @BAF605
      @BAF605 Před rokem +3

      Enjoy the squirming. Come back in another three months and watch them say prices are "stable" after more large falls. These guys are giving a free education to those who had the sense not to spend stupid money up to now. Many people will learn the dealer is not your friend and never was. 😊😊😊

    • @samuelburton5576
      @samuelburton5576 Před rokem

      Because you didn't hear what you wanted. That's why

    • @samuelburton5576
      @samuelburton5576 Před rokem

      @@BAF605 boo boo!!!

  • @itsnowjoke1381
    @itsnowjoke1381 Před rokem +4

    The Guy on the left looks worried 😟

  • @2012ArsenalMega
    @2012ArsenalMega Před rokem +10

    Haha it's so fun to see them sweating and hoping they would flip them asap before they will start the sell below the sticker and they will. Trust me...

  • @manikhorajina2662
    @manikhorajina2662 Před rokem +1

    always in love with michael intro and outro

  • @itsnowjoke1381
    @itsnowjoke1381 Před rokem +8

    Real collectors have been waiting for this

    • @Yashasvi_Rajpoot
      @Yashasvi_Rajpoot Před rokem

      Inbox me🖕🖕🖕You have just been selected as one of my shortlisted winners to win a prize in my new private giveaway

  • @jtee9548
    @jtee9548 Před rokem

    I can't help it, these watch videos are addictive, they've always been my favorite on your chan. I miss Seth being out of the mainstream, and loved the "Mr Wonderful" vids. Well done, more of these, please.

  • @TheHarryb
    @TheHarryb Před rokem +68

    Some people must have taken some nasty financial hits. Glad Michael with his *wild* watches is still safe.

    • @farleym4486
      @farleym4486 Před rokem +3

      If they actually sold, I see so many listings that just sit there not selling.
      Anyone can list something at extortionate prices but is anyone actually buying them or is it all hype from the people just trying to sell them...

    • @nanoflower1
      @nanoflower1 Před rokem

      The people that took the heavy hits were those that were borrowing just to flip the watches. I don't know how many of those flippers were in the marketplace but it was clearly enough that everyone recognized their influence. With them gone (or slowly getting out of the market) things should begin to stabilize whether that's now or some months from now. People like Michael should be safe because all of his purchases (as far as I know) are done with money he's actually earned so even if the value of his watch collection crashed (as Michael so loves to say) it isn't going to severely hurt him. Though I'm sure he wouldn't be happy.

    • @notinvegas
      @notinvegas Před rokem

      Yea ,but only Untill he tries to sell them.Good luck with that

    • @Mikesmeyer88
      @Mikesmeyer88 Před rokem

      @@nanoflower1 people are seeing its not really worth it for all the bs you have to do, yes you can buy a watch to resell but after you sell it, it's gone because you'll have to buy another at the price you sold it for. So either keep the watch or make a little profit. I think they put those crazy high listenings up so you feel like you're actually getting a decent deal but you're not.

  • @DidierPeroni
    @DidierPeroni Před rokem +9

    These are the videos when i realise Michael is a lot more prudent than he seems.
    He has been buying watches at cutdown prices while the speculators have been selling off.

    • @Yashasvi_Rajpoot
      @Yashasvi_Rajpoot Před rokem

      Inbox me🖕🖕🖕You have just been selected as one of my shortlisted winners to win a prize in my new private giveaway...

    • @seanzielony8247
      @seanzielony8247 Před rokem

      He’s very savvy and he didn’t get where he is now without a business brain. Most of his Rolex are at retail from AD. He’s shown quite a few pieces he’s acquired from AD, and Adam made sure he showed the receipt of price he paid.
      These two have no doubt gone to Micheal and asked to be showcased on his channel.

  • @edwardsnowdenofficial

    Well that was interesting, always great informative content on your channel Producer Michael and thats why we are all here :)

  • @Tomatohater64
    @Tomatohater64 Před rokem

    Great video with valuable information. Love it, fellas. More watches, more mansions!

  • @wimpeeters9837
    @wimpeeters9837 Před rokem +10

    Micheal:”Do you now what my watch is “ the guy has no idea and says “its a beautiful Rolex”

    • @acac1982
      @acac1982 Před rokem

      Some Of the comments are saying these two are great watch dealers

  • @darylh649
    @darylh649 Před rokem +11

    Clearly the two guys selling the watches are not gonna tell you to keep waiting much longer knowing that prices are going to continue to drop .The higher $ you pay the more $ they make

    • @roksmerkol8300
      @roksmerkol8300 Před rokem

      Soner you bay, less thay will lose...

    • @darylh649
      @darylh649 Před rokem

      @@roksmerkol8300 Why would you overpay on an investment when if you wait a little bit longer you’ll get it even cheaper. Buy low sell high

  • @nawazbungshy2449
    @nawazbungshy2449 Před rokem

    The most big part that make me fan of Michael that his a men with big open heart and he like to make his fan happy just of doing his video.we can see many reality truth about all this big brand watch. He show us how he negotiate with all this big seller,and the bonus that he always figth discount for his fan on purchase .

  • @PureSwank
    @PureSwank Před rokem +4

    Second 0:38 into the video something is up with the guy in black.
    Everytime Michael says "down in value" or "collapsed" or "decreased" you can tell these guys get ticked lmao!
    It's probably because they prefer "corrected" as apposed to the wording the mike uses which scares customers away. The fact of the matter is Mike's wording is THE HARSH REALITY. THANKS MIKE!

  • @BUPLAYA
    @BUPLAYA Před rokem +6

    I like how they all now say “oh yeah prices were high and needed correction” when they are the ones who priced and sold high promising people great investment deals. Bunch of scammers and unethical practices. They should be ashamed of themselves.

    • @Yashasvi_Rajpoot
      @Yashasvi_Rajpoot Před rokem

      Inbox me🖕🖕🖕You have just been selected as one of my shortlisted winners to win a prize in my new private giveaway....

  • @wahabshariff1855
    @wahabshariff1855 Před rokem

    We are fortunate to have PM Micheal, we can watch all these beautiful watches.

  • @jeremykask5078
    @jeremykask5078 Před rokem

    Don't know if you've noticed, but there's an odd clicking noise in this video. I do just really admire Micheal for the wealth of information these videos give

  • @automotivediversity554
    @automotivediversity554 Před rokem +28

    I’ve always been a bit baffled why antique watches from the 50’s,60’s,70’s etc don’t command more money. There are some very unique high quality watches from those era’s that are harder to buy than many Rolex, Tissot, seiko etc etc
    Would be nice if you could feature a video with these sort of watches at some point with watches like sultana, smiths, modina and other vintage watch brands

    • @2011blueman
      @2011blueman Před rokem +8

      Watches from that period are much smaller in diameter, so they're out of style. Also, the cost of maintaining them and fixing them is outrageous because the parts aren't available.

    • @automotivediversity554
      @automotivediversity554 Před rokem +2

      I do get that they might be expensive to maintain but if you’re looking for something that not many will be able to find but easily affordable then some of the older vintage watches can be a good option. My sultana chronograph running landerno 149 is a good 38mm wide and looks as good as some of my more modern watches and always get more questions from people asking what it is and where they can get one till I explain how old it is (late 60’s early 70’s)

    • @saint7626
      @saint7626 Před rokem +5

      The watch industry is all about marketing and false scarcity. Patek makes over 60,000 watches PER YEAR. AP makes over 40,000 watches PER YEAR. Rolex makes OVER 800,000 WATCHES PER YEAR. There's no reason most "limited" modern pieces should ever be trading above retail, let alone general production pieces, but gatekeeping by the brands creates that false inflation. Older watches from a time when production was a fraction of what it is now should be objectively more valuable, but the market is dictated by modern trends. Maybe they'll get the recognition they deserve in another 50 years.

    • @nikhilmathur6042
      @nikhilmathur6042 Před rokem +4

      Take a look at vintage Rolex Patek VC etc and get back to me.
      Vintage watches are the most valuable watches in the world.
      They command much more then there modern counterparts

    • @automotivediversity554
      @automotivediversity554 Před rokem +2

      @@saint7626 exactly! There’s so many older watches out there that are absolutely outstanding in terms of quality and style plus the rarity factor and at fraction of the price.

  • @mayankkumar9270
    @mayankkumar9270 Před rokem +2

    I have been watching Mr Michael's videos for long time
    First time I am seeing him repeating a shirt
    😋

  • @coronetmag
    @coronetmag Před rokem +5

    What’s the point of asking watch salesmen the status of the watch market? Any conflict of interest? 😂 I mean look at 9:26, what is he going to say? “Don’t buy now”? 😂

  • @DecemberNames
    @DecemberNames Před rokem

    Thank you for another great video

  • @davidmckinnon5048
    @davidmckinnon5048 Před rokem +5

    I'm tremendously lucky. My Rolex AD is my next door neighbor. Got all my pieces at retail.😎

    • @LigerSupremacy
      @LigerSupremacy Před rokem +3

      I'm tremendously lucky. I have an ebay account. I got all of my pieces below retail.

  • @cococebrian5303
    @cococebrian5303 Před rokem +3

    You should get the patek in rose gold, suits you very well😁

  • @BoogieMan568
    @BoogieMan568 Před rokem +4

    A correction in prices are always a good thing😉what's up with the sunglasses indoors michael😊

  • @shirleylewallen9594
    @shirleylewallen9594 Před rokem

    Adam you show the most beautiful watches I have ever seen. I love watching you and Adam. Thanks for all of your videos,!!

  • @awn7775
    @awn7775 Před rokem +6

    Always great to get a good, informative dose of luxury watch news from our team Producer Michael and Adam 🤝

  • @jeffhayes6843
    @jeffhayes6843 Před rokem +8

    What a surprise another grey market dealer once again saying the same thing they’ve been saying for the past six months “no you’re good NOW, you can buy watches now”. If you aren’t getting that watch at retail, if you don’t absolutely have to have THAT watch and the price is of little concern, anyone buying a watch on the secondary market today is a fool. And you know what they say about fools and money.

    • @Yashasvi_Rajpoot
      @Yashasvi_Rajpoot Před rokem

      Inbox me🖕🖕🖕You have just been selected as one of my shortlisted winners to win a prize in my new private giveaway

  • @bonnystarks
    @bonnystarks Před rokem +3

    50% off of a crazy price is still a stupid price... So you saying that I can get a SUB for 18K when new is 9 but before was 22K ? WOW AMAZIIIING..... and what is this continus clicking sound on the video Adam ?

  • @MrGlenspace
    @MrGlenspace Před rokem

    I would love to have a Patek 5711. Just such a beautiful watch. Class all the way.

  • @mkprivate7523
    @mkprivate7523 Před rokem +1

    Good old Buffet said it best....
    ¨Be fearful when others are greedy (= SELL) and greedy when others are fearful¨ (=BUY)
    Not there justttttt yet with watches, but indeed: if you ever wanted to go for a purchase; do it - knowing that your chances of seeing improving value increased 5x times since 6 months ago. In that sense watched are like stocks, only more fun:)

  • @robertdouglas9345
    @robertdouglas9345 Před rokem

    Prices are still crazy! I for one do not believe the "correction" is over as of yet. Good luck, God Bless

  • @chrisburns143
    @chrisburns143 Před rokem +1

    Glad I sold my blue face sky a few months back at 29k, but I do miss it. Trying to get another one with jubilee band this time from my AD

  • @MrTrickyfull
    @MrTrickyfull Před rokem

    Patiently waiting on the FP journe video with Roman 🔥🔥 that videos gonna go so hard

    • @BobbyDazzler888
      @BobbyDazzler888 Před rokem

      Roman is part of the watch cartel. He is responsible for hyping watches

  • @jasonpestana
    @jasonpestana Před rokem

    thankyouproducermichael!

  • @blind3897
    @blind3897 Před rokem +4

    Adam, i don't know what that tapping is, starts at around 6:06 and it drives me nuts

  • @googleglass2303
    @googleglass2303 Před rokem +1

    Brilliant video, very informative. Sorry for those that paid the crazy prices and have now lost all the value. It's the same with the housing market.

    • @dellwright1407
      @dellwright1407 Před rokem

      Houses tend to come back in time... property goes up. Suspect watches will too.

  • @MultiUnknowen
    @MultiUnknowen Před rokem

    so nice to see vadeem again!

  • @rolandolozano8354
    @rolandolozano8354 Před rokem

    Please more videos like this, salutes from México

  • @paperlessdigs6169
    @paperlessdigs6169 Před rokem +1

    Got into watches last month.Bought an Olevs and an invicta 42mm, Gold (36552) that looks like a Rolex,it's sold out on invicta website.Then I learned the Hulk Rolex collection hit the market which is on bonhams auction website.Every Hulk Rolex from 2010 to 2020.And even the Hulk 2 feet Statue.Min Bid is $29,000 for all of them each.The 2010 Hulk Rolex is $35,000 bid and the 2020 Hulk Rolex is $38,000 bid.The best watches keep time.This is far from what ProducerMichael buys but at least its a start for me and as long as those two watches keep time,i made a good choice.

  • @Frlja
    @Frlja Před rokem +7

    So basically, these guys bough into huge stock and now they are trying to cut their loss, prior to end of 2022. imminent recession?

  • @adrian9999
    @adrian9999 Před rokem +11

    It is true about retailers holding the watches. I bought recently a Rolex from Goldsmith and was told I’ll have to wait over a year only to get a phone 2 weeks later saying that my watch has arrived.
    Also they do suggested to me that I need to buy some other stuff as well if I wanted the really “rare” watches.
    Just don’t pay the silly prices second hand

    • @simonward8350
      @simonward8350 Před rokem +1

      Can i ask what watch you ordered i have an appointment with them about ordering a stainless 41mm datejust

    • @GuitarCoverErik
      @GuitarCoverErik Před rokem

      Had the same, they said it's worth 20k more on the grey market, so you have to buy 20k+ in jewels, after waiting 14 months or so, told them to fuck right off.

  • @estephanuse1
    @estephanuse1 Před rokem +3

    Watches have so much more room to fall it’s scary especially when home prices begin to severally decline no one in their right mind will be looking to buy a hunk of metal when they could scoop up cheap real estate

  • @Gregsheppo66
    @Gregsheppo66 Před rokem +1

    I just picked up a GMT Batman at slightly above retail & have a Submariner coming at a similar price. I never would’ve spent the prices at the peak of the market.

  • @viking6563
    @viking6563 Před rokem +2

    Sweet spot my backside, we are no where near the bottom these guy's need to realize most of these watches will be available in the AD'S very soon

  • @bentleygt3716
    @bentleygt3716 Před rokem

    we haven't seen the worst yet.
    and i wouldn't be surprised to see these watches selling below retail in the near future.
    thanks Michael. you're da man.

  • @kingxerxes3139
    @kingxerxes3139 Před rokem +2

    Doesn’t matter If you are rich or not. No watch in the world should have a pricetag of more then 30K. If you have diamonds max. 50K. But stainless steel watches over the 10K!? People with class and style never pay that amount of money for stainless steel. At the end, it’s just a watch.

  • @BAF605
    @BAF605 Před rokem +16

    It won't be long before dealers are trying to offload for much less. One of those guys looks like he's already been scalped by whoever he's leveraged to. 😂🤣😂🤣😂

    • @pleun315
      @pleun315 Před rokem +2

      The gold diggers Will all fall down......

    • @acac1982
      @acac1982 Před rokem

      You don’t know what your on about, watch Roman sharf and his grey market, and tell me that there’s a crash

    • @pleun315
      @pleun315 Před rokem +1

      @@acac1982 its allready happening.... Not that fast yet but Just Wait....... Just wait

    • @acac1982
      @acac1982 Před rokem

      @@pleun315 Great reset

    • @pleun315
      @pleun315 Před rokem

      @@acac1982 yessss finally back to normal 🙏

  • @oscarivanhernandez3086

    Greta video a thanks for shearing each watch and price

  • @AASW320
    @AASW320 Před rokem +1

    I wonder if they were telling customers the watches were over priced when they paid 320k 🥴

  • @bridget2382
    @bridget2382 Před rokem

    Luv the video... Michael with those sunglasses on and a side view you look like Roy Orbison ....

  • @TinWhistleTV
    @TinWhistleTV Před rokem

    Loving the shirt Micharl. Are they for sale on your website?

  • @brewsterkits
    @brewsterkits Před rokem

    love your channel Michael, mmmmmm diamonds, great houses , clothes and watches, keep it up you cheered me up in a bad time thanks

  • @alexistarr
    @alexistarr Před rokem +1

    This reminds me of a video of an FBI drugs bust, where two or three expensively dressed gentlemen sit around a table in a hotel suite discussing a quantity of expensive merchandise. Fortunately for Michael expensive watches are not yet illegal...

  • @nickvassiliou9340
    @nickvassiliou9340 Před rokem

    Hi Mike ! Great, selfless video as you often do ! A little question here ! Are you sure these guys can forecast what is going to happen financially six months ,a year down the line?? Does it not hinges on that and that alone?? (I have nothing against them, to me, they look people you can trust as well!)

  • @Brandon-ct9nq
    @Brandon-ct9nq Před rokem +3

    I like how Michael will always talk to Adam and always ask his opinion. Definitely a good boss to be around and pretty much can learn lot of things with him

  • @bataafeub2472
    @bataafeub2472 Před rokem +5

    in the whole video the dont give a answer they just avoid the question. btw the watch markwt collapsted

  • @darrenreed7714
    @darrenreed7714 Před rokem

    Would like to know what the black watch was on the bottom of the stand , it was on its own sat on the marble base

  • @PaulAshton1151
    @PaulAshton1151 Před rokem +1

    Great work Michael...as always.

  • @onlyinthehood2243
    @onlyinthehood2243 Před rokem

    Greetings Mr Michael, Have been a fan for years✊🏽with ALL THE DIFFERENT INDEPENDENT WATCH COMPANYS, FLIPPERS, and GREY MARKET…. What or HOW do you feel about THESE DIFFERENT WATCH CLUBS THAT ARE AVAILABLE 🤔🤷🏽? Big UPs from Dallas, Texas 🤘🏽

  • @superfast30
    @superfast30 Před rokem +2

    Many sheep lost their shirts as well as many dealers. Great news! People need to realize, very few modern watches can be considered investments. Most are are volatile are crypto. The true cause of the crash is that the prices were artificially inflated by dealers. Most were dealer to dealer trades with but marked as sold at some stupid number, only to see the same watch relisted a week later lol

  • @nawazbungshy2449
    @nawazbungshy2449 Před rokem

    One of my favorite watch lovers he loves watch same like me big fan of watch but the diferance is that michael is rich he can buy any watch that he dreams, but I'm not that rich that i can afford to buy so expensive watch but i really really like to watch that kind of video on luxury watch.just of watching that kind of video already make me happy and got 50% of my dreams for watch ⌚️ achieve

  • @stevekannan6076
    @stevekannan6076 Před rokem

    Thanks!

  • @alfiecat5671
    @alfiecat5671 Před rokem

    Another cracking video

  • @AnonymousGuruji
    @AnonymousGuruji Před rokem

    I think this is the best time to pull the trigger and get a Rolex Pepsi! ❤️

  • @snapascrew
    @snapascrew Před rokem +5

    I just want to be able to buy the rolex I want at my AD and not wait 6 months….

  • @houseofsharpeis9366
    @houseofsharpeis9366 Před rokem +1

    They are holding pieces so they can adjust the pricing when the markets turns around.

  • @Deezhan
    @Deezhan Před rokem

    Can you ask them next time if I should wait with buying my grail watch, Casio F-91W, or are the prices not going down any further?

  • @FBinTexasNate
    @FBinTexasNate Před rokem +2

    Do not listen to grey market dealers about investment ever.

  • @dwyanebrentson2837
    @dwyanebrentson2837 Před rokem +9

    The only person who gains dealing with ( jewelry) is the crook that’s selling it

    • @BobbyDazzler888
      @BobbyDazzler888 Před rokem

      The ad’s in Asia are crooks too. They are in on it. Trust me, i know.

  • @adnanlatif1722
    @adnanlatif1722 Před rokem +1

    Michael is quite unique himself

  • @luxuryhub1323
    @luxuryhub1323 Před rokem +1

    I appreciate your inclusion of the fundamental economic forces driving this current market. The biggest risk I see for AP is the failure to bring in new customers because of supply shortages and waiting lists. I recently bought a luxury sports watch and wanted to include the Oyster Perpetual on my short list. The local AD had no inventory to show but plenty of Omega, Breitling, and AP watches. I bought a Seamaster Diver 300 and am very happy with my purchase. Watching your videos has helped me become a more educated consumer and appreciate the many brands and product options out there

  • @cjack202003
    @cjack202003 Před rokem +2

    The GMT Master II, Batman, oyster bracelet, is still double the price on Jaztime. No buy for me. I don't care how long it takes, I'm not paying over retail. If I never get it, oh well.

  • @anthonyjackson31
    @anthonyjackson31 Před rokem +2

    A 50% drop…. I’d call that a collapse lol. :) Great episode Michael!

    • @MrEptor
      @MrEptor Před rokem +1

      did you also noticed how they rephrased the word used watch to pre-owned? 🤣

    • @anthonyjackson31
      @anthonyjackson31 Před rokem

      @@MrEptor yaaaa sounds like they sell watches that’s for sure haha

  • @paulwalker6103
    @paulwalker6103 Před rokem +1

    When he said feel for the guy who paid 320k, and the other fella said who new who new. Not him directly but plenty of grey market dealers said you will never lose I will get your money back or make on it, not at any point did they say it could drop btw 120k. If they did they might not have paid 275k over retail.

    • @Yashasvi_Rajpoot
      @Yashasvi_Rajpoot Před rokem

      Inbox me🖕🖕🖕You have just been selected as one of my shortlisted winners to win a prize in my new private giveaway....