Are the grey dealers the culprit?

[DGB]

I have read that watch dealers, grey and vintage, sell mostly to traders rather than end consumers.
So the same watch moves from a dealer to another with obviously, each time the dealers takes their margin. So the price is artificially inflated, due to watch moving from hand to hand and every time a little bit more expensive.
If the watch isn’t sold within few month to an end consumer, the dealer will move it to another dealer etc....

This may not be the only reason for the incredible price inflation of watches we have seen lately but I am sure this participates greatly to where we are actually with watches at stupid price.

Any thoughts?



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