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Negotiating Luxury Watches in Miami
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- Опубликовано: 1 авг 2024
- 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
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!
Alot of their sales are dealer to dealer. Thats how they make money and do so much volume
Thank god the market is not spiked any longer, leaves something for us mere mortals to pick up,
Love the show
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.
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.
Swap the guts out before hand, its not like the people renting them out are allowed to open them to begin with..
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.
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.
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.
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
I love the value that Urwerk’s are providing.
Love the Miami constant and the You Tube boys in Florida! Awesome!
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.
Couldnt agree with you more my friend, they are in for a ride 🤣
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 🤭🤭
They are trying to stop the grey market aka Ponzi scheme. Which is good
most of the true AP collectors have already peaced the fk out, like myself @@crazypaupau
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....
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
Love the idea of watch rental.
I would try everything. Specially in Rolex line. LOL
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?
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.
I would rather buy a readily available copy and do it that way . Otherwise i can't really see the demand .
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.
Watches get scratched too easily.
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 💀
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
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.
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
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!
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.
i like the background music - very deep house-ish
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.
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
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 😄
you should do a monthly watch subscriptions with different tiers of prices.
yeah renting out watches would be fire
Jeopardy at five o'clock for rainman lol
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 !!!
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!
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.
for some reason, i really liked this video.
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
Y’all have to do more videos 😂😂
Happy to support this video it was a good video not Marco videos get a comment but all your videos get a like
Whats the strap/watch Adrian is wearing? Ive seen multiple of those lately
finally a good episode for my taste
I'd love to rent a Cartier Santos for the weekend
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.
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.
We need a video with a reference # competition between Adrian and Nico 😅😅😅
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😂
what's that on Adrian's other wrist? Is it some sort of fitbit ?
The rainman segment was hilarious please always use it when he is going into numbers-mode
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.
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.
Also PPP loan scammers are getting caught one by one@@patchesohoulihan9826
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
When Adrian said spaghetti idk why I thought he was gunna say scametti 😂
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.
Seen this on their video last week. Generals in the back talking while Adrian negotiates with Shawn.
Patek, Philippe and that’s a wonderful idea. 👍👍👍👍👍
Renting a watch would be great (IF PRICED PROPERLY) would definitely checked it out
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)
Ap and yes definitely do this
Renting watches? Yea the market hasn’t crashed, we are thinking of reinventing the model for no reason.
So how would you track a watch you rent? Will you put a GPS on it?
They probably take a hefty deposit that gets refunded upon return
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.
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.
Heading down to Blockbuster to rent an AP for the weekend
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?
The money is mental
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
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)
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?
Very cool.
Why no visit to CRM?
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.
I think it's more risky. Watches get scratched more easily. And they get attention from the wrong peeople
I’d rent a AP perpetual white ceramic but feel like a poser because I can’t afford one realistically yet
Here comes Rain Man 😂😂😂😂 but seriously impressive!!!!!!!
How many IWJGs are there?
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
Anyone figure out the comment Adrian says about Pepsi GMT and the production. Can't decipher what he says there
He is basically saying Rolex has dramatically slashed Pepsi production for 2023.
I’d rent on a month to month basis so long as it’s relatively affordable considering the price the of the watch
Lol, love the rain man joke
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!
Rain man😂😂😂😂 10 mins till Wapner
I didn’t recognize Watch Erik without his sunglasses.
How much for the rolex?
vacheron overseas blue rosegold is the only watch i would rent, its so beautiful.
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.
BIG W
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
Where can I get that dripping Daytona art Eric had?
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
When prices get cut in half. It’s a crash. A crash doesn’t mean X item has to trade below its retail value
“ said something smart to him , he hugged me , broke 2 of my ribs, he doesn’t know his own strength” haha cut to “ I will kill you “
I really miss the old channel where it was all about the watch business and not this whole "RUclips influencer" type of activities and acting....wish you guys would bring back the old content that made your channel what it is
Agree
Come on Antony you can do it!
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
I can't afford any of these watches but my God if I'm not watching these videos every friggin day... smh ❤❤❤
AP o Rolex que prefieren?
mph club is awesome
I would definitely rent a watch what a brilliant 💡
really good idea,, i never comment but i would rent an ap for a day
Wow, RM has taken a huge dive obviously.
People rent jewelry for big events it would have to be for a certain client sound risky but business in general is risky
Has anyone done stock shares of huge watch portfolios like they have in the fine art world now?
100% I would rent a watch. There are several that I would never be able to justify buying "like any j. jacobs co" that I would just like to wear for an event. I see this being super successful in places like miami or LA where you have a TON of red carpet events/premiers that people like to show up and show out for. So borrowing a rolex for a few hundred dollars and looking good probably beats carrying your collection or caring about a collection of watches you wouldn't appreciate otherwise.
And of course I would think most people who watch this channel wouldn't rent a watch because they'd own them so this type of business would mostly target those who want to look the part. If that makes sense.
Funny thing. I heard someone say that wealthy people don't try to flaunt their wealth. Only insecure people
I would rent a watch for a special occasion.
Lab grown diamonds are the next big wave 💎