Hong Kong Questions

[lightcatcher]

Planning a trip to HK and was wondering what the odds of finding a reasonably priced (i.e. low gray premium) panda or Pepsi are? Everything I have been reading online indicates that the watch market there is in the doldrums but online prices of gray dealers still seem quite high.

Any recommendations of dealers to potentially visit to avoid being scammed? I will be in the Central area most probably.

Any other pointers most welcome!

Thanks much folks!

[htc8p]

try kuen kee watch . com i wouldnt get my hopes up

[wng88]

Not sure how much you mean by a low grey premium but if you’re looking for something new, I don’t think you’ll have much chance.


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[996marty]

Anything you want can be found in Hong Kong. I’m not sure what you mean with the low grey premium? Are you looking for one that’s like new and basically untouched?

[lightcatcher]

The steel Daytona’s seem to have a 100% premium, which I’m not too keen on paying.. might as well go PM on OF at these prices. So I was wondering if prices in HK have actually dropped where the premium on the panda steel Daytona charged by the grey dealers is a little more palatable?

[rolexnerd]

There will be no significant difference in grey market prices in Hong Kong compared to other regions. You’ll have plenty to choose from though

[moting]

It's a worldwide market

[ukbbc]

Japan is currently 20-25% higher than Singapore for Rolex GMTs and Daytonas. HK should be close to SG, if not better with a larger market.


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[SLWoodster]

Japan.

116500 panda with white card dropped as low as $25k with vat refund.

That’s the best I have seen last couple months.

Originally Posted by lightcatcher

Planning a trip to HK and was wondering what the odds of finding a reasonably priced (i.e. low gray premium) panda or Pepsi are? Everything I have been reading online indicates that the watch market there is in the doldrums but online prices of gray dealers still seem quite high.

Any recommendations of dealers to potentially visit to avoid being scammed? I will be in the Central area most probably.

Any other pointers most welcome!

Thanks much folks!

[daveeblows]

Hkg is great for grey market, try Union Classic Watch in Tst, I personally buy from them for years now, booth Central and Tsim Sha Tsui areas have 10-12 grey watxh shops with full stock it's pretty insane
Good luck hunting!


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[EWY]

Any watch purchased outside US and brought back to the States would be considered as a Gray Market watch in the States. If you purchased a Gray Market watch in HK and that watch was originated from the States and you take that watch back. That watch is not considered as a Gray Market watch in US.

[77T]

Originally Posted by EWY

Any watch purchased outside US and brought back to the States would be considered as a Gray Market watch in the States. If you purchased a Gray Market watch in HK and that watch was originated from the States and you take that watch back. That watch is not considered as a Gray Market watch in US.

All Rolex watches originate from Switzerland, then are shipped to a channel company in different global market zones. Then the watches are shipped for retail sale in the channel company's geographic zone. Country Codes only matter for that first sale by the AD. Resale is not regulated by any Rolex policy.

The guarantee is worldwide, if there was a problem it will be handled by the RSC or servicing AD where the owner resides (as long as the warranty card is presented).

In essence, there are no "gray" market sales using the classic market channel definition. What we see is actually secondary market resale.


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[dmash]

Originally Posted by 77T

All Rolex watches originate from Switzerland, then are shipped to a channel company in different global market zones. Then the watches are shipped for retail sale in the channel company's geographic zone. Country Codes only matter for that first sale by the AD. Resale is not regulated by any Rolex policy.

The guarantee is worldwide, if there was a problem it will be handled by the RSC or servicing AD where the owner resides (as long as the warranty card is presented).

In essence, there are no "gray" market sales using the classic market channel definition. What we see is actually secondary market resale.


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The term has become so grey (see what I did there) nowadays. ‘True’ grey market doesn’t exist for most brands anymore (where they sell out the back door without warranty, to move inventory). Omega still does it to some companies, but Rolex 100% not. People so commonly still try to say ‘grey market watch’ when in reality it’s EXACTLY, as you said, just a used watch on the secondary market.