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5 September 2024, 03:41 PM | #1 |
"TRF" Member
Join Date: Jan 2011
Location: India
Posts: 116
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Hong Kong Questions
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! |
5 September 2024, 03:55 PM | #2 |
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Join Date: Feb 2009
Real Name: Bert
Location: philippines
Watch: 116710 ln
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try kuen kee watch . com i wouldnt get my hopes up
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5 September 2024, 04:00 PM | #3 |
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Join Date: Jul 2010
Location: Hong Kong
Posts: 37
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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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5 September 2024, 04:26 PM | #4 |
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Join Date: May 2019
Location: Uk
Watch: RolexGMT/Tudor7928
Posts: 3,805
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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?
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5 September 2024, 04:35 PM | #5 |
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Location: India
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Re
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?
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5 September 2024, 04:57 PM | #6 |
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Join Date: Nov 2023
Location: Singapore
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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
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5 September 2024, 05:42 PM | #7 |
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Join Date: Jan 2018
Location: Earth
Watch: addict
Posts: 334
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It's a worldwide market
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5 September 2024, 11:57 PM | #8 |
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Join Date: Dec 2018
Location: Singapore
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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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6 September 2024, 04:23 AM | #9 | |
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Join Date: Apr 2019
Location: California
Watch: GMT BLNR
Posts: 1,426
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Japan.
116500 panda with white card dropped as low as $25k with vat refund. That’s the best I have seen last couple months. Quote:
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6 September 2024, 06:30 AM | #10 |
"TRF" Member
Join Date: May 2013
Real Name: Dave
Location: BALI
Watch: COOKIE MONSTER
Posts: 87
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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! Sent from my iPhone using Tapatalk
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Yesterday, 01:17 PM | #11 |
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Join Date: Jul 2019
Location: SoCal, USA
Watch: Rolex18206
Posts: 135
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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.
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Yesterday, 01:26 PM | #12 | |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 41,667
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Quote:
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. Sent from my iPhone using Tapatalk Pro
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Yesterday, 01:41 PM | #13 | |
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Quote:
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. |
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Today, 02:14 AM | #14 |
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Real Name: Robert Mills
Location: St Louis, USA
Watch: 118239
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Honestly, I think one of our trusted sellers will be able to make you a better deal. I am in HKG 4-5 times per year. Haven't browsed over on the island; but Kowloon/Tsim Sha Tsui (Nathan Road area) has not impressed me with the pricing they offer. Seem to be 10% higher than someone like David SW. I have never really tried to hammer out a deal either so I don't exactly know how much they may discount from asking price either.
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Today, 03:10 AM | #15 |
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Join Date: Mar 2018
Location: USA
Watch: All of them
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I think when considering a purchase in a "foriegn land" on must make the following considerations:
VAT Exchange rate Local Tax Any other taxes and fees For example it has been stated here that "Japanese prices were higher than US" however when you factor in the exchange rate, and zero tax, you end up with a very competitive price scheme in Japan. So everyone please consider all the factors when purchasing overseas, it's not just the "price" |
Today, 05:49 AM | #16 |
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Join Date: Oct 2009
Location: Socal
Posts: 4,924
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If I buy s Rolex in Japan for Japan AD warranty card, do I need to pay duty when I bring it back to US? How much would that be?
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