Rolex flipping is dead. Reality has set in. It will only get worse. Prices should have never gotten as high. Better find proper jobs boys. No more easy money. Even the mugs have gotten smart.
What am I missing? The British Pound is devalued against the Hong Kong dollar before GMG flew to the watch show in Hong Kong. Then the GMG guy acts shocked at watch prices when he goes to buy inventory. Wouldn't a smart business guy just stay in the UK and save his travel money? Just my observation.
Yes. I can't imagine buying a watch from them. They inform us of the wafer thin margins that the dealers are working on. But they have to spread 3 return tickets, and one double room in a very low budget hotel, over the 4 transactions that they made. That's really terrible business!
Good video. I watch a lot of watch content and it’s great to see prices being shown as we all know roughly but lovely to see real-time prices. Keep this content coming.
I’ve shopped for many years in Hong Kong and it is very very hard work. Well done guys for the hard work. I’ve had some nice bugs over the years but as you say, they don’t like to haggle and the Chinese dealers are harsh.
Glad you made it here to Hong Kong, there's lots of places to buy new GMTs outside of the shows, shame you didn't get to meet more dealers in the city. But indeed the exchange rate was against you this time. Hope you guys make it back.
Just the first minute of this video is hilarious - first we have the scouser putting an a faux Chinese accent "special price, good price" 🤣 then he shakes her hand and says "mazal" 😂 Comedy gold! No wonder you boys had a hard time in HK if you walk around acting like that 😆
Hi there, you are a WINNER of a GMG cap. Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you. Thank you again for your comment & continued support.
😂 Rolex has absolutely no control over their brand. Brand new watches just go to the reseller market and people who like the brand mindlessly overpay not knowing if they just walked away from the market for 9 months they would be able to pick up watches under retail.
Really hard to penetrate the Asian market without extensive connections. At least now you'll have a better chance in the future. Hats off for trying though. The Chinese are really tough negotiators as well!!
The Chinese are some of the best negotiators in the world. They have access to the largest target market. No reason for them to give you a deal. They're not desperate to sell. Seems like you were out of your league or didn't understand your audience.
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Looks to me as if HK dealers are quoting you retail prices. Might be your approach and fancy videos with Lamborghinis that make them think you’re tourists, which you pretty much are. Good luck.
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Great video guys❤🎉 Always look forward to a sunday evening GMG video drop👊🙌 Its always difficult to buy watches in HK First of all, their rolex list price is set slightly lower than the uk rolex list price. Secondly, the exchange rate between GBP and HKD is not as strong as it used to be so prices will be slightly higher than previously. You guys have done well though🙌🙌
There is something off about that dealer show. We are meant to believe that no one was willing to haggle, not a single dealer had picked up a watch cheap and was willing to take a profit. Its like you all walked into a single cartel, pretending they were in competition.
Most watch flippers are better off taking the sales experience into another venture as the days of making a good living flipping are over for a few years to come
Rolex AD told me they were getting too much wastage making the Pepsi. Until they found a better way to produce it without the wastage production was on hold
People in the comments saying the watch market is dead, they buy two hot (easy sellers) rolexes who they can easily sell with a profit of £3000 each minimal. The plain one might be a bit harder. Buying is where the money is👍
Hi there, you are a WINNER of a GMG cap. Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you. Thank you again for your comment & continued support.
I am hoping you make more money from the UA-cam ad fees. You keep treating everywhere in the world like it was doing business with other grey market spivs in the UK. In dubai they had no interest in you guys, in Hong Kong they have no interest. The UK is poor, the UK has grey market dealers keeping the trade prices artificially low so they can make money for themselves.The rest of the world isn't like this, they don't care, they treat you like anyone else.
Amazing, shocking daydate prices ... watch market is dead, but not for Rolex Daydate...why ? Could it be because Rolex Daydate is not a watch; it's a milestone , it means one has achieved happiness, peace, prosperity, success, harmony, luck and health.
The Pepsi production stories are all a load of BS. The whole business model of Rolex, is to limit certain models, so they can leverage against those, and make buyers buy other less attractive models. Remember: in 2025 they up production to 2 million plus a year. Lads, it's time to run.
Rolex flipping is dead. Reality has set in. It will only get worse. Prices should have never gotten as high. Better find proper jobs boys. No more easy money. Even the mugs have gotten smart.
You sound like a man who does not own a Rolex
It doesn’t matter if prices are $1 million or $10, flippers work off of margins based on prices, they still get paid. I love all this uneducated hate.
They will always make margins prices fall they all got rid of there negative equity and rolled that back into better prices
+ dress up next time
@@vishnupersaud986 try making excessive margins on watches that are worth a lot less preowned and come back to me please 😂
What am I missing? The British Pound is devalued against the Hong Kong dollar before GMG flew to the watch show in Hong Kong. Then the GMG guy acts shocked at watch prices when he goes to buy inventory. Wouldn't a smart business guy just stay in the UK and save his travel money? Just my observation.
Yes. I can't imagine buying a watch from them. They inform us of the wafer thin margins that the dealers are working on. But they have to spread 3 return tickets, and one double room in a very low budget hotel, over the 4 transactions that they made. That's really terrible business!
Thank you for making this vid accessible with commentary and pricing on screen.
You’re welcome 💚
My first GMG video! And won’t be my last! Brilliant!
❤
Good video. I watch a lot of watch content and it’s great to see prices being shown as we all know roughly but lovely to see real-time prices. Keep this content coming.
Thank you! Happy to hear that and glad you enjoyed it 💚
03:58 the lady is absolutely thrilled 😂😂
This is by far THE BEST content i have seen on youtube in a long time. Recommend you guys to everyone. Been a fan since the start!! Bravo
Thank you 🙏🏽
Kitty did not look happy about it 😂
No point spending if it's not worth it.
I’ve shopped for many years in Hong Kong and it is very very hard work. Well done guys for the hard work. I’ve had some nice bugs over the years but as you say, they don’t like to haggle and the Chinese dealers are harsh.
Thank you we appreciate the comment, still a fun place to trade though 😆
@@gmgwatches brilliant place to go out and party. Great fun 👍
Did the watches from the local dealers come with box and papers?
Love it lads! Quality Sunday entertainment. Looking forward to the next one
Thank you! Glad you loved it, let us know what you think of next weeks video 💚
Best watch channel on UA-cam
Thank you means a lot to us! Glad you love it 💚
Amazing content guys! Tough market, looks like you had a great time though! Poor old Gary and Koya stuck in the UK 🙂
Next time! 🙌🏽
How you get them through customs? Was VAT paid?
Would love to know the name of the shop that Kitty works in?❤
Glad you made it here to Hong Kong, there's lots of places to buy new GMTs outside of the shows, shame you didn't get to meet more dealers in the city. But indeed the exchange rate was against you this time. Hope you guys make it back.
When we go next time we will definitely go to more traders!
Just the first minute of this video is hilarious - first we have the scouser putting an a faux Chinese accent "special price, good price" 🤣 then he shakes her hand and says "mazal" 😂 Comedy gold! No wonder you boys had a hard time in HK if you walk around acting like that 😆
Glad to see GMG back, Sundays haven’t been the same!
We hate the breaks as much as you do 😆 Thanks Tom we appreciate the support as always!
Hi there, you are a WINNER of a GMG cap.
Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you.
Thank you again for your comment & continued support.
The ADs haven't got ant stock cos kitty has got it all 😂
🤣🤣🤣
😂 Rolex has absolutely no control over their brand. Brand new watches just go to the reseller market and people who like the brand mindlessly overpay not knowing if they just walked away from the market for 9 months they would be able to pick up watches under retail.
Love the episodes, keep it up! 🔥
Thanks! Will do! 🙌🏽
Do I get the best deal if I’m an LFC supporter? Or do I have to support Everton?
Wow, production of this is next level entertainment 😳
That datejust is lovely the dial is something else
Thank you as always Dan!
Great video guys. Keep this going!
Thanks Jonathan!
Top vid again!! Thanks! Love the way you guys are moving!!
Thank you!! Appreciate the comment 💚
The audio & editing is really nice.
Thank you 💚
Really hard to penetrate the Asian market without extensive connections. At least now you'll have a better chance in the future. Hats off for trying though. The Chinese are really tough negotiators as well!!
You're back baby 🎉🎉🎉
💚💚💚💚
The Chinese are some of the best negotiators in the world. They have access to the largest target market. No reason for them to give you a deal. They're not desperate to sell.
Seems like you were out of your league or didn't understand your audience.
Great video guys
Great video bros!
Thank you!
Nice one guys ! Love your episodes ❤️ top sellers for sure
Thank you Tom! Appreciate the support and the comment! let us know what you think of next weeks video too 💚
Hi there, you are a WINNER of a GMG cap.
Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you.
Thank you again for your comment & continued support.
7k subs????? This channel deserves 7Mil subs
🫶🏽
Great vid guys, keep it up 👍🏻
Thanks! Will do!
Quality again fellas!
Thank you Byron!
Awesome episode!!
Thank you!
class drinking pints out of bowl ! thats breakfast sorted !!
Boom 💥 loved it 👌🏻
Thanks Andy 💚
Great video guys, really enjoying your channel!
Thank you Seth! appreciate the support, let us know what you think of next weeks Video!
Great episode gents
Thanks Chris!
All these 2nd hand watches selling higher than MSRP, what a crazy market!
Great market. Market is far from dead ☠️
@@gmgwatches they actually moving? seems like listings just keep increasing on c24.
Quality as always lads glad your back!!
Much appreciated! 🧡
Hi there, you are a WINNER of a GMG cap.
Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you.
Thank you again for your comment & continued support.
How much tax on top importing them into uk to makes them very expensive
The ending 😂😂😂😂
I know Pepsi's are in short supply but still amazed that there weren't any at the show! 😮
We was as shocked as you are Jason, probably about 3 in total and none of them new either
Some absolute beautiful watches on display 🤩
Stunning arent they 😍
I frequent HK, and think they are a bunch of rip-offs. I buy local US
How do you buy watches without box and papers. I can't sell without them
We have met each other during the show in HK😊😊
💚💚💚
Been too long! Class as always lads 👏🏼
Thank you! appreciate the support💚
Looks to me as if HK dealers are quoting you retail prices. Might be your approach and fancy videos with Lamborghinis that make them think you’re tourists, which you pretty much are. Good luck.
Click bait title but it’s true lmao. Every week I see prices continuing to fall. It’s nuts
seemed a headache but good work in the end, top video as always guys 👌
Brilliant stuff
Thanks John!
Winners always win and move forward, great content 👏🏿
Thank you! 💚
Love your videos guys 🙌🏼
Thank you David!
Hi there, you are a WINNER of a GMG cap.
Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you.
Thank you again for your comment & continued support.
What’s life u guys are leading! Love it!
Thank you!
Great Video , the best on YT , from germany 🔥🔥🔥
Love Germany, might be there very soon 😉 Thank you Toni!
Great video
Thank you!
Great video guys❤🎉
Always look forward to a sunday evening GMG video drop👊🙌
Its always difficult to buy watches in HK
First of all, their rolex list price is set slightly lower than the uk rolex list price. Secondly, the exchange rate between GBP and HKD is not as strong as it used to be so prices will be slightly higher than previously.
You guys have done well though🙌🙌
Thank you Alan appreciate the comment and the support! 💚
Love your content. Keep it up ! 😁
Thank you! let us know what you think of next weeks video 💚
Pepsi production rates are down - talked to a couple of friends which have some insight and they definitely struggling to get the bezel QA‘d.
Greetings from Alcatraz. See you there soon..😎
I was told in the A.D that the issue is getting the exact colour is a problem for them right now
There is something off about that dealer show. We are meant to believe that no one was willing to haggle, not a single dealer had picked up a watch cheap and was willing to take a profit. Its like you all walked into a single cartel, pretending they were in competition.
Kitty deserves good handshake 🤝
She did indeed
Most watch flippers are better off taking the sales experience into another venture as the days of making a good living flipping are over for a few years to come
What a great video guys 👍
Thanks as always Kevin! glad you loved it
The black sub
how much are all the extra duties for importing to the UK
You’re joking right? These guys will be sending the boxes FedEX and wearing one home, the rest in the check in.
Anyway, they’re buying used.
How much are they selling patek nautilus tiffany dial for?
Price on request, was no official price
Rolex AD told me they were getting too much wastage making the Pepsi. Until they found a better way to produce it without the wastage production was on hold
Interesting
Why are you called gmg watches but watch boutique in your videos?
People in the comments saying the watch market is dead, they buy two hot (easy sellers) rolexes who they can easily sell with a profit of £3000 each minimal. The plain one might be a bit harder. Buying is where the money is👍
Looking forward to this one 👌🏻
Hope you enjoyed it 💚
Hi there, you are a WINNER of a GMG cap.
Please can you DM us on Instagram (gmgwatchesuk) with your full name & address & we will have one sent out to you.
Thank you again for your comment & continued support.
GMG vs Hong Kong Phooey! Who wins?
the hong kong dealers stock these inventories when they were high so.. .poor things.. they dont want to lose much.
Alot of my watch dealer friends are changing their business to another , last 2 year payback what their earned at
Don’t you guys worry about counterfeits?
Nice video guys - love Hong Kong but I did grow up there
Thank you!
Quality video
Drinking pint out of a bowl being strange? Don't you drink out of a shoe? It's called a shoey, mate.
What? 😂😂😂
@@gmgwatches That might be a Aussie thing hahahahaha.
Great video! Can’t imagine how difficult had to be negotiate in a different currency😅
Thank you! it was hard but fun at the same time 😂
That day date is something else
Stunning isn't it Daniel
I think this ship has sailed guys, just look at Anthony
Great content. Just different from others.
Thank you! We try to be original in our content so happy to hear you enjoy it 💚
With Chinas reputation being big within the counterfeit goods industry, did you not find it risky buying watches from there?
Obviously not.
The dealers there are not stupid, they would do that once and never sell a watch again.
I am hoping you make more money from the UA-cam ad fees. You keep treating everywhere in the world like it was doing business with other grey market spivs in the UK. In dubai they had no interest in you guys, in Hong Kong they have no interest. The UK is poor, the UK has grey market dealers keeping the trade prices artificially low so they can make money for themselves.The rest of the world isn't like this, they don't care, they treat you like anyone else.
Amazing, shocking daydate prices ... watch market is dead, but not for Rolex Daydate...why ? Could it be because Rolex Daydate is not a watch; it's a milestone , it means one has achieved happiness, peace, prosperity, success, harmony, luck and health.
If you could only wear 1 watch for the rest of your life what would it be?
Platinum Daytona 💚
Citizen One
Get the kettle on for dis one☕️
😅💚
The Pepsi production stories are all a load of BS. The whole business model of Rolex, is to limit certain models, so they can leverage against those, and make buyers buy other less attractive models. Remember: in 2025 they up production to 2 million plus a year. Lads, it's time to run.
Mazal 🤝
🤝
They don’t smile much over there…..
and the market now is...
Black kit all day
Awesome content.. I'm actually flying to HK next week. Would love to get a watch do you mind sharing Casey's contact details? Thanks!
They stopped the production of pepsi cause they switched to coke.
Just buy jekylls, don’t feed anyone in that industry otherwise they’ll take the piss