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Grey market Rolex watches are authentic watches sold as new by non-authorized dealers (ADs) .
The pros of buying grey market Rolex watches include the ability to buy new pieces at a reduced price, and the potential to find rare or discontinued models.
However, there are also cons to buying from the grey market, such as the lack of manufacturer warranty, and the fact that the government loses millions in uncollected duties and taxes.
Additionally, there is a risk of buying counterfeit watches from unscrupulous dealers.
The reduced price of grey market Rolex watches can be influenced by several factors.
One of the main factors is the knowledge of supply and demand, which can cause prices to be 20% to 100% above retail MSRP.
Inefficiencies in the luxury watch market can also contribute to the grey market, with up to 20% of all luxury watches being sold through the grey market.
Other factors that can affect the price of grey market Rolex watches include changes in supply and demand, the availability of pre-owned models, and excess inventory from authorized dealers.
To avoid the risk of buying counterfeit watches from grey market dealers, buyers can take the following steps:
By following these steps, buyers can identify reputable grey market dealers and reduce the risk of buying counterfeit watches.
There are legal and ethical implications of purchasing grey market Rolex watches.
Grey market watches are authentic goods sold by their rightful owners, but they generally come without factory warranties and are not sold through authorized dealers.
Rolex has stated that their watches are sold exclusively through official retailers, and the allocation of watches to customers is managed independently by these retailers.
Purchasing grey market watches can result in the loss of taxes and duties for the government, and it can also contribute to the problem of counterfeiting.
Additionally, some authorized dealers have been accused of selling watches directly into the grey market, which is illegal.
A grey market Rolex watch can be serviced by an authorized dealer, even if it was not purchased from them.
However, the watch must be authentic and not registered as stolen or lost.
Additionally, suggests that an authorized dealer should not care how the watch was acquired as long as they stand to profit from servicing it.
It is worth noting that grey market dealers are not authorized by Rolex and may only sell pre-owned watches.
Finally, confirms that it is possible to get a Rolex watch serviced without the original papers.
Some of the rare or discontinued Rolex models that buyers can find on the grey market include the Rolex Daytona “Paul Newman” and the Rolex Submariner “Hulk”.
These models are no longer produced due to various reasons, such as changes in consumer preferences, limited production runs, or the introduction of newer models.
The grey market refers to the sale of luxury watches by unauthorized dealers, often at a premium price.
While buying from the grey market can be risky, it can also provide access to rare or hard-to-find models that are not available through official retailers.
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