Recent Price drop may be due to the saturation of Japan Import gray dealers' Rolex

Story was told that certain large batch of import Rolex is not paying the right tax through the right channel, and Big dealers are not taking any import gray dealer's watches as they might have not traceable  source information. Would be afraid of paying tax.


So the number of Watches going back to the market of Hong Kong and other Asian countries, so the supply is more than a few months ago.


So that is why we see few percent like 2% to 4% price drop on dealer watch price... Rolex is the major affected brand.


This may be sustained for a while and I keep an eye on the model, so long if that is discontinued model or with sticker should be good to keep for a while.


HK Snob