Negotiating Luxury Watches in Miami

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Күн бұрын

New Grey Market Episode: "My Plan to CRUSH $130 Million in Sales in 2024"
• How I'm Going to Sell ... -~-
We go on a Miami shopping spree! Negotiating, buying, selling & trading watches with @gluxejewelers, @TimePieceTrading, and others! We also get to check out a custom 1 of 1 Mercedes F1 car and discuss the exotic car market with @mphclub and sit down with @WatchEric to discuss the current state of the watch market.
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00:00 Buying, Selling & Trading with Miami’s Top Watch Dealers
01:15 Naming Reference Numbers
02:02 Negotiating at GLuxe Jewelers
03:42 Lewis Hamilton's Mercedes F1 Car @ MPH MIami
06:27 Exotic Car Market Update
08:07 Would You Rent a Watch?
09:12 The Diamond Business
09:56 Negotiating a Trade @ TPT
16:12 Current Market talk with WatchEric

Пікірлер: 269

@NapoleonSuarez 10 ай бұрын

I think it’s really dope that you guys make friends with other dealers in the Industry. Many people would see them as competition and really miss out on an opportunity. Salute!

@nickdavinci2196 10 ай бұрын

Alot of their sales are dealer to dealer. Thats how they make money and do so much volume

@jaypaladin-havesmartswilll5508 10 ай бұрын

I love this video. There was a lot of camaraderie among the different luxury product dealers and good friendly and relaxed negotiations. The dealers seemed more relaxed now.

@christopherwolstenholme9839 10 ай бұрын

A leasing program but for watches instead of cars would be amazing! Keep something interesting for a while, with a monthly payment and then upgrading or changing out instead of having to buy and collect. Perfect.

@nerychristian 10 ай бұрын

I think there is a program like that. Where you pay a membership fee, and every month they send you a mystery watch, and you keep it for a month, and you return it when you receive the next watch.

@johncorcoran2569 10 ай бұрын

Love the Miami constant and the You Tube boys in Florida! Awesome!

@TheOgnrad 10 ай бұрын

Thank god the market is not spiked any longer, leaves something for us mere mortals to pick up, Love the show

@Smitlors 10 ай бұрын

With the watch rental thing maybe you could do it like you get a car on finance and pay it over a few years with a balloon payment at the end or something? Interesting idea for sure

@JoseRodriguez-ti2ii 10 ай бұрын

I like the idea that the luxury car owner said "as long as you have a luxury car and the proper insurance". Renting out to those that have bought or sold to you as a trial round would be a good start.

@The.Consultant. 10 ай бұрын

Biggest concern with renting a watch is that you can’t track it like you can a car. Also, what if someone pops the case and tries to steal the guts ? Sorry for being Debbie downer but those would be my fears. As for the idea, I think it’s awesome of you are ok with the risks or can mitigate those risks.

@luihed 10 ай бұрын

Swap the guts out before hand, its not like the people renting them out are allowed to open them to begin with..

@jon-michaelnarvaez710 10 ай бұрын

When it comes to renting, I think having the right insurance and credit checks would be important. What happens when a customer doesn't return a high-dollar watch? Should credit determine the types of alerts you can access and how much of a deposit is needed to comfortably lend a watch?

@veganbutcherhackepeter 10 ай бұрын

I probably wouldn't rent a watch, but I can totally see how this would work for people who have a really special occasion coming up or for someone who is thinking about buying a certain watch, but want to get a feeling of how it wears and looks on them. Just trying it on for a minute at the dealer's isn't always conclusive.

@smyffmawzz 9 ай бұрын

I would rather buy a readily available copy and do it that way . Otherwise i can't really see the demand .

@pavanbharteey7269 10 ай бұрын

I would consider renting the beyond unobtainable pieces like a RM, PP grand comp, AP skeleton, etc…Rented a Lamborghini while back, enjoyed it and was happy to hand the keys back…I didn’t have to deal with the headache and BILLS that come along with ownership!

@wristingitall 10 ай бұрын

Rent before you buy would be a fantastic customer service experiance, great for people who wish to buy an exspensive watch, we all know that a watch has an appeal, but will it compliment your wrist or your style ??. Spending a little time with the watch will ease your mind on a large purchase. Great content guy´s.

@port178 10 ай бұрын

A watch club membership would be an interesting idea. Once can join at different tier levels (1K to 10K) & (11K to 30K) and so on... Limit your overall exposure, and possibly also offer discounted membership rates with a deposit placed in escrow.

@shaneplasse7979 10 ай бұрын

I would definitely rent a watch for the weekend. Hell I'd rent one any day just for fun. I'm pretty sure I'm not the only one

@fenschmen2795 10 ай бұрын

Loved the video! Personally don't like the idea of renting a watch. If you want to maybe rent before buying I guess that makes sense, but I have plenty of watches to wear that I own already

@Afsheen-yv5mk 10 ай бұрын

Love the idea of watch rental. I would try everything. Specially in Rolex line. LOL

@FearlesMelons 10 ай бұрын

Renting a watch sounds cool. Asking for a cash deposit would make sense and a background check. as well. I would take a Patek for the weekend.

@nerychristian 10 ай бұрын

Watches get scratched too easily.

@WelderDude 10 ай бұрын

Absolutely love seeing how the RM market has dipped so much. All those videos 2 years ago of people saying how RM msrket will continue strong and only Go up. All these dudes who dropped 300-600k on a watch that’s now worth 165k is just the start. How can a watch be 750k retail then immediately drop to 200k soon as you walk out the store.

@ThriftyCHNR 10 ай бұрын

Also PPP loan scammers are getting caught one by one@@patchesohoulihan9826

@zeldasthong9842 10 ай бұрын

Maybe a rent to buy, where they work to pay off the watch. So also renting for a weekend or a week sounds great too

@josh.472 10 ай бұрын

AP is in for a rude awakening. Increased production along with INSANE retail pricing. $100k MSRP for a steel perpetual that was $60k 3 years ago, $43,000 for the 43 offshore's (which are constantly broken) is not sustainable when the only reason customers are buying them is for a shot at the royal oak. Base dial royal oaks already trading close to list and newest offshores trading under, the bundle game is dead. Their watches will be sitting in boutiques sooner than later.

@LorenzoVonMatterhorn597 10 ай бұрын

Couldnt agree with you more my friend, they are in for a ride 🤣

@crazypaupau 10 ай бұрын

If that's the case, it will be extremely awesome for true AP collectors who purchase timepieces because of the enthusiasm, not the nonsense flipping business 🤭🤭

@qxxx6624 10 ай бұрын

They are trying to stop the grey market aka Ponzi scheme. Which is good

@LorenzoVonMatterhorn597 10 ай бұрын

most of the true AP collectors have already peaced the fk out, like myself @@crazypaupau

@koolpep 10 ай бұрын

I too know a few people with broken Chronographs that went to be fixed two times already.... quite shoddy from house as prestigious as AP....

@_e5598 10 ай бұрын

The Lambo SUVs are basically Tiguans/Atlases/Q8s (which are great), but you basically just sat in and revved the super car equivalent of a Hublot

@ABlockBeats 10 ай бұрын

Man thought he had an actual Lewis Hamilton car in his showroom. That might be a F1 car but its def not been races before. Imagine being scammed into buying this 💀

@nicholaspuleo8577 10 ай бұрын

I think the watch program is a great idea. I used to be a member of Eleven James. They made the mistake of insuring the watches. Someone says its lost, pays the deductible of 1k and they have a 50k watch. They lost all their inventory. The member should have to self insure so that they need to put a claim against own policy and you are the additional insured. You do run the risk of this but you guys seem like you can replace the "lost" inventory and maybe even profit when someone does this type of thing. I loved the club. I fell in love with some brands that I didn't think I would like (IWC 8 day reserve, Vacheron) and some models I thought I would love I ended up not, so saved me from a few pieces. Some will say why rent just buy. Why not rent to own I say. Try it out in the club and if you really love the piece you can buy it, from you guys of course !!!

@mppdidi9436 10 ай бұрын

i like the background music - very deep house-ish

@LumberjackLandlord 10 ай бұрын

Absolutely rent watches. Trying something on in the store sucks. Before I drop 20-50k on something I would love to wear it for a week to see if I love it. I would buy more if this were an option. Love the content!

@ThisWeekinPickleball 10 ай бұрын

Would definitely rent a watch but probably only AP or Patek just so when C-suite and clients come in I wouldn't be only one with a Rolex. lol

@ippaku 10 ай бұрын

Happy to support this video it was a good video not Marco videos get a comment but all your videos get a like

@acesmartdatallkevinhart3751 10 ай бұрын

Y’all have to do more videos 😂😂

@arawal1517 10 ай бұрын

Only reason I would rent a watch is if I'm on the fence about buying it, and want to take it for a test run... not to flex lol. Would've saved a lot of money If I could've done that with some pieces I ended up buying blindly 😄

@jaredmichael1900 10 ай бұрын

you should do a monthly watch subscriptions with different tiers of prices.

@reynoldsupreme 10 ай бұрын

If I was to ever rent a watch, it would be an AP. I think it's a good idea because it allows the customer to live with the watch. I would imagine reducing buyer's remorse for a lot of customers.

@rexhargrove5172 4 ай бұрын

I love the value that Urwerk’s are providing.

@killuasghost4106 10 ай бұрын

If it was with insurance maybe a good idea . Not a bad idea to rent the watch to a trusted customer to see if they enjoy it

@jessem.2807 10 ай бұрын

What a world, what a life! Every moment of energy spent gives back 10 fold. This is what I'm looking for. Yes I'll work, yes I'll exhaust myself and yes I'll sacrife for my passion.

@Spinnixx 10 ай бұрын

Whats the strap/watch Adrian is wearing? Ive seen multiple of those lately

@edinburgh2007 10 ай бұрын

Jeopardy at five o'clock for rainman lol

@labenward373 10 ай бұрын

I wouldn't necessarily rent a watch but I would definitely finance one. Ive owned 2 used Rolex's and my next one I want to fully finance. I make good money (great money to be honest) and I wouldn't mind financing a new or used Sky Dweller or Pepsi for the right price (Right price=anything under $16k)

@ssttraining962 10 ай бұрын

Im pritty sure "producer Michael" did a vid last year with a company that rents high end watches. I think it was in new York.

@MinulDeSilva 10 ай бұрын

what's that on Adrian's other wrist? Is it some sort of fitbit ?

@SmithBeatZ1 10 ай бұрын

Seen this on their video last week. Generals in the back talking while Adrian negotiates with Shawn.

@kevork1411 10 ай бұрын

I woud rent a watch, I think it's a good idea. Obviously you have to prepare the right rental contract, with the right insurance, and at price that make sense to the costumer and you.

@chty101 10 ай бұрын

Renting a watch would be great (IF PRICED PROPERLY) would definitely checked it out

@stillben 10 ай бұрын

for some reason, i really liked this video.

@NolyfeDnote 10 ай бұрын

yeah renting out watches would be fire

@MrAumbra 10 ай бұрын

I like the idea of renting a watch only to try before you buy. For me it would be useful for pieces that are not readily available but I am still interested in.

@PatrickDJM 10 ай бұрын

Watches to Rent #1 Ruby Daytona with Black Dial (thanks Adrian!) #2 AP Ultra-Comp. Universal Ref. 26398BC.OO.D002CR.02 #3 Omega Apollo XVII 40th Anniversary, because it’s going to take some time before I can buy any of these😂

@walroz87 9 ай бұрын

The rainman segment was hilarious please always use it when he is going into numbers-mode

@Rubbernuts234 10 ай бұрын

When Adrian said spaghetti idk why I thought he was gunna say scametti 😂

@user-tg6vq1kn6v 10 ай бұрын

Heading down to Blockbuster to rent an AP for the weekend

@GEARHEADHEAVEN 10 ай бұрын

Would 100% rent a watch before buying if I’m unsure how it would wear on my wrist. That being said can I rent a Batman?

@Pmnf06 10 ай бұрын

AP o Rolex que prefieren?

@mikejones5885 10 ай бұрын

Renting a watch is a great idea . Let's the person get a real day or weekend feel wich can lead into the purchase of that watch or another rental wich then can lead to that purchase I think it's a truely good idea , you just have to figure out the way where if a client dents or scratches the watch they need to pay to fix THERE mistake etc

@barretthart5603 10 ай бұрын

Price would have to be right on renting high end watch. I wouldn't want to pay 1% of the watch value/day so it may be tough to work out. Then again it is less risky to rent a watch then a car so I suppose it could work.

@nerychristian 10 ай бұрын

I think it's more risky. Watches get scratched more easily. And they get attention from the wrong peeople

@ThomasSaliou 10 ай бұрын

I'd love to rent a Cartier Santos for the weekend

@robertquiles8436 10 ай бұрын

Patek, Philippe and that’s a wonderful idea. 👍👍👍👍👍

@Gazzz010 10 ай бұрын

I think to rent/hire a watch given the size of the item compared to a car I would perhaps link it to maybe a piece of jewellery and have a had time giving it back hahaha, where as with a car I cant simply park it on the street or in my garage I need to frequently service it etc. I think price to rent a watch would also be a key aspect. Cheers (Gary with hair)

@andouille1 10 ай бұрын

The watch rental thing will not be practical, unless it’s a heavily used watch with scratches and etc. if you rent out a “slider” as Adrian likes to call them, there is no way you’re gonna rent it out and not pay hefty penalty for whirls, dings, scratches etc. (similar to exotic car rentals with outrageous fees for mileage, redlining, smoking, detailing, etc) Also they will very likely want the whole cost of the watch upfront as security as it is easy to lose the watch or get robbed or disappear across the pond. So not practical for most people.

@ArtIsNotAlwaysEasy 10 ай бұрын

How much for the rolex?

@Lifeisgarment 9 ай бұрын

Renting watches could be a good idea, I have been a fashion stylist for 4 years if you get in contact with more stylists when they do photo shoots for let’s say vogue you could provide the service of having someone rent the watch for the span of a photoshoot and give a rate or whatever you decide but can be done. (rent the runway) could be used as a reference for you guys.

@mppdidi9436 10 ай бұрын

finally a good episode for my taste

@TaylorCFP 10 ай бұрын

I can’t understand what he’s saying at 12:08. Which Rolex is that that he’s offering for 120, and Adrian says “I love this watch”? Goes by so quickly that I can’t tell

@ericsosa3 10 ай бұрын

I’d rent on a month to month basis so long as it’s relatively affordable considering the price the of the watch

@JoeSmith-xu8bn 10 ай бұрын

We need a video with a reference # competition between Adrian and Nico 😅😅😅

@steybaker3657 10 ай бұрын

Ap and yes definitely do this

@dahchucky 10 ай бұрын

vacheron overseas blue rosegold is the only watch i would rent, its so beautiful.

@liftacar 10 ай бұрын

I really miss the old channel where it was all about the watch business and not this whole "KZfaq influencer" type of activities and acting....wish you guys would bring back the old content that made your channel what it is

@rain4dayz84 10 ай бұрын

Agree

@sootherelax2802 10 ай бұрын

How many IWJGs are there?

@we3v321 10 ай бұрын

When prices get cut in half. It’s a crash. A crash doesn’t mean X item has to trade below its retail value

@blizzylikedrizzy8731 10 ай бұрын

Anyone figure out the comment Adrian says about Pepsi GMT and the production. Can't decipher what he says there

@Versaceboy54 10 ай бұрын

He is basically saying Rolex has dramatically slashed Pepsi production for 2023.

@Lurthatgurl 9 ай бұрын

Here comes Rain Man 😂😂😂😂 but seriously impressive!!!!!!!

@goansoull11 10 ай бұрын

I think renting watches is a great idea as it will bring alot more business in. Also it will help customers who want a specific watch get an idea of how it feels to wear it than just trying it on for a few seconds or minutes & deciding whether it is for them or not

@semonmor8546 10 ай бұрын

So how would you track a watch you rent? Will you put a GPS on it?

@connorcaba2492 Ай бұрын

They probably take a hefty deposit that gets refunded upon return

@MohammadAWaly 10 ай бұрын

I’d definitely rent watches, AP Offshore, Rolex Day-Date/Daytona, PP Nautiluses, ALS Zeitwerk, ALS Lange 1 Perpetual, ANY Urwerk… There are plenty I’d go for… but is it practical? You can report a car stolen and the police should be able to get it back, you can at least track it… how would a watch rental business operate?

@MrMuckittymuck 10 ай бұрын

I think renting cars is an experience, but watches.. I don’t know. It might be good to test run a watch and see how you like it. I think watches are a lot about pride of ownership and achievement. There will be those who want to flex and wear something flashy, but ultimately I can’t see the rental watch business being a wide audience type of market.

@markq1312 10 ай бұрын

Why no visit to CRM?

@idonjohnson6999 9 ай бұрын

I didn’t recognize Watch Erik without his sunglasses.

@BGTenders 9 ай бұрын

Renting a watch for VERY short periods of time would be a good idea. Events and special occasions. I would be CRAZY strict about it though

@alexharden85 10 ай бұрын

I’d rent a AP perpetual white ceramic but feel like a poser because I can’t afford one realistically yet

@2011blueman 10 ай бұрын

Wow, RM has taken a huge dive obviously.

@sinjinadams2862 10 ай бұрын

Renting out watches sounds crazy to me. Will you really make enough money to offset all the wear and tear on the watch. You know people are going to scratch the Hell out of them.

@davidevans8505 9 ай бұрын

I was JUST having the conversation with a coworker as we traded watches about how cool it would be to be able to rent watches.

@valdachef 10 ай бұрын

How do you track a watch, once it has been rented?, If it were my business I wouldn't rent, it's just too risky. I don't trust people.

@juankelly1004ify 10 ай бұрын

I can't afford any of these watches but my God if I'm not watching these videos every friggin day... smh ❤❤❤

@mtnvalley9298 10 ай бұрын

Has anyone done stock shares of huge watch portfolios like they have in the fine art world now?

@josenovoa819 10 ай бұрын

On the thought of watches for rent…it’s a no, no for me, too many risks involved for both parties, it could get scratched, dent or stolen, and the whole idea behind great watches, is owning them, not renting them, great channel btw, thanks for sharing!

@carlhollins4615 10 ай бұрын

I would definitely rent a watch what a brilliant 💡

@TheFloresj23 2 ай бұрын

Rain man😂😂😂😂 10 mins till Wapner

@scaffolding_god1735 10 ай бұрын

The money is mental

@jtorrebl 9 ай бұрын

Where can I get that dripping Daytona art Eric had?

@fernb247 10 ай бұрын

People rent jewelry for big events it would have to be for a certain client sound risky but business in general is risky

@DiscoR53 10 ай бұрын

Rental of a watch, I would never do it as it for me is a fake flex. I do understand it if you need say a piece for a fashion shoot or a movie or film.

@nathanieljacobson7268 10 ай бұрын

Someone will scam you if you the rent a watch idea might not be today or tomorrow but eventually someone will steal it and now your down a watch

@places2shopdotnet 10 ай бұрын

Lol, love the rain man joke

@Jackaroo. 10 ай бұрын

Very cool.

@roshanbains4731 10 ай бұрын

Come on Antony you can do it!

@znuteri3815 10 ай бұрын

Rent a watch is a really bad idea, or, rent a watch to someone that can actualy affort it and it would not hurt them if they would buy it. Else no. If a 30 year old broke kid rents it to show off and then damages it then what? The stress is not worth it.