London has "organised" gangs that steal high end watches and I've been told they can spot a fake from across a street. If you have one I'd only wear it in a better part of town but just recently even Beverly Hills has had some smash and grab robberies.
There's a been a correction in the market. Rolex prices are a little soft right now but you still wont find any in stock at your local authorized dealer (unless you want a 90k platinum day date). But someone must be buying them new from an AD. Rolex make close to 1,000,000 watches a year. The most desirable models would be going to established buyer who don't resell on the grey market.
If a new Rolex turns up on the grey market they can track back to who bought it using the serial number. Apparently they now have a growing list of people they wont sell to. I don't know if I really believe all of that because there are plenty of current, new & unworn Rolex's for sale on the grey market but the price is a lot more than retail. In some cases these watches go for double the RRP.
Any Lefties here? - 2022 Rolex GMT-Master II.
