Why the grey market are nuts

[Highjinx]

I have two friends in HK who work for large watch dealerships. They have plenty of stock of ALL Rolex SS wristwatches. These watches are for sale at prices well above the original retail price that the dealerships paid.

They have a team of employees in other cities in other countries who buy any SS model they can get their hands on and bring them back to HK to sell later to Chinese who don't care paying double.

Rolex ADs are complicit too. If you're an employee being paid $1-2k a month in HK the option of buying any watch received from Rolex and immediately flicking it on to a dealer (e.g. Princes) for more profit than your monthly salary would be hard to adjust.

Rolex make plenty of watches, they're just all in a safe in HK.

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