Online stores with discounted luxury watches?

feenans's picture
Rank: Gorilla | 508

I'm looking to pick up a watch, but NYC dealers are very stingy with discounts and I'm not accustomed to paying MSRP. Now I'm considering buying it online from 'parallel importing' retailers, their discounts are crazy!.
So my question is if anybody had experience with those sites... how reliable are they?
It seems legit, with the one major downside of not getting a manufacturers warranty, since they are not authorized dealers. They do however give their own in-house warranty, but I'm not sure if I can trust their mechanics. On a second thought, not entirely sure how important the warranty is if I save a few grand off the listed price
The watches I'm looking at are $8-10k, so I don't want to fuck this up.
Any input highly appreciated.

Some of the sites I found:

www.gemnation.com
www.certifiedwatchstore.com
www.thewatchery.com
Let me know if you can recommend another one
Thanks!

Comments (21)

May 16, 2011

I would go to an authorized dealer. 8-10k is a serious amount, don't want to risk getting scammed. However if you insist on going grey market, watchuseek forum is a much better place to ask this.

May 16, 2011

www.gilt.com

They have watch sales every so often, and some of them supposedly MSRP in the close-to-$10k range.

May 16, 2011

foreveralone, thanks that forum was useful. From some research it seems those places are relatively safe and reliable, the only negative feedback I saw was when you want to return the piece or ask for complex shipping, etc. If somebody else is interested, luxurybazaar.com seemed like one of the better ones based on both prices and track record.
DM, when I said discount I didn't mean deals/flash sales. If you buy pretty much anywhere but NYC you can expect ~15-20% off the MSRP, even more in dubai/switzerland/etc.. The problem is in NYC there's a high volume so you have less bargaining power with sales associates, although if I had enough time I'm sure I could find boutiques that negotiate more or go to NJ or something.
Besides, Gilt wouldn't have the watches I want, right now it's D&G and I think I saw a bunch of rolexes before. By the way, they will have the same issue with warranty because the manufacturers by policy don't allow authorized dealers to sell online ever, let alone at steep discounts. So Gilt's suppliers are pretty much the same distributors that sell to other random sites.

Either way thanks, it was a long shot but I figured maybe somebody used them before with our 50-page watch threads. I guess I'll just take an envelope of cash and try my luck with greedy Tourneau sharks...

May 16, 2011

Why do you want something you can't afford?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

Jul 26, 2011
blackfinancier:

Why do you want something you can't afford?

What a stupid comment.

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Oct 3, 2018

Hahaha really tho

May 16, 2011

Paying listed price for a watch is like throwing cash out the window. What's wrong with saving a few grand and avoiding sales tax, if you disagree you shouldn't be in finance.
If a broker shows you an apartment and then you see it on craigslist what would you do? Pay 12% to the broker or call the landlord directly?

May 16, 2011

What purpose are you buying the watch for? Just to say you own it? Whats the point?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

May 16, 2011

What purpose are you buying the watch for? Just to say you own it? Whats the point?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

May 16, 2011

Buying a present for my dad, watches is kind of a hobby for hum

May 16, 2011

"Seeing this house and your fine sword and hearing how you're importing and exporting chinamen, let me guess, you must be fucking rich."
Kenny Powdersss

May 16, 2011

"Seeing this house and your fine sword and hearing how you're importing and exporting chinamen, let me guess, you must be fucking rich."
Kenny Powdersss

May 23, 2011

You want to spend 8-10k on a watch but not spend a couple hundred extra for a manufacturer's warranty? Not a good idea.

May 23, 2011

If it was a couple hundred it wouldn't be an issue, but the difference is ~2.5K. I already ordered from an AD though, turns out the online stores don't really have many watches in stock.

Jul 26, 2011

Purchasing a luxury, the authentic and good ones at least, is a major decision especially for the reason that you will be shelling a fortune doing so.

Swiss[/embed] Watches Brand

Oct 3, 2018

I have a list of some luxury watch stores present online.

Oct 3, 2018

If you wanna buy used look at TheRealReal. They do consignments and verify authenticity. Could buy a used rolex and pay a couple hundred for a full intensive refurbish.

Oct 3, 2018

Jomashop. They tend to have authentic watches off like 1-5% because they're missing things like all of the authentic packaging etc. Though if I was spending anything over like 2k on a watch I would want the peace of mind knowing it is real / functioning / has all the paperwork / etc.

Oct 4, 2018

Chrono24 is actually pretty good. Rule of thumb, never buy a luxury watch brand new; buy a pre-owned one and save some money. Plenty of legit vendor on the site, I had some great experiences buying vintage watches from them.

Cash and cash equivalents: $138,311
Financial instruments and other inventory positions owned: $448,166

Oct 5, 2018
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