Cheapest place to buy luxury watch brands (Omega, Rolex, etc)

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  rxjb on 18/11/2014 - 13:00

  +1

  There seems to be decent margins on luxury watches. I purchased a 3k longines watch 2 years go and managed to negotiate 1k off. I called about 15 different places and quoted what others were offering until nobody would budge.

  Some places did not give a price over the phone, I had to go in-store. I also called one place and said if you could do this price, I will be there in the hour. It worked and I got the watch!

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  [Deactivated] on 18/11/2014 - 20:58

  What exact speedmaster are you trying to buy? The speedmaster comes in plexi and sapphire, which come at different price points.

  You can either buy grey market, from a reputable site like http://www.authenticwatches.com, and not have official warranty

  Or you can go to an authorized dealer in australia, and negotiate around 15-30% off the RRP

  It all depends on the current exchange rates, which aren't so good at the moment.

  I got my omega speedmaster with sapphire front/caseback for $5000 flat at an AD in the sydney cbd

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  kev98 on 16/05/2019 - 21:42

  At the time my financial situation changed and I unfortunately could not afford to buy, however now I am in a position where I can. Does anyone have more recent experience buying these brands? I am looking at either a Breitling or Omega and am obviously looking to get best deal possible. 0.69USD certainly isn't helping. What type of discount have people managed to get off RRP @ AD in Sydney. Jomashop/Authenticwatches.com are certainly looking like a good option but comments I have read regarding their dealing with warranties (Jomashop mainly) have me questioning whether or not it is worth the initial savings.

  • 

    paraneoplastic on 17/05/2019 - 00:13

    +1

    I bought an omega and breitling from monards in gold coast, i got 25% off RRP on the breitling and 22.5% on the omega (though the omega RRP went up by $800 a week later so i might've gotten lucky).

    Then an additional 10% GST refund

    so a total of 32.5% on the breitling and 30.25% on the Omega

    I was tempted to go down the grey import route, but local warranty is worth the additional cost + theres the chance it'll be hit with 5% duty & 10% tax at the boarder so…

    • 

      kev98 on 17/05/2019 - 14:29

      Thank you. These percentages will really help when negotiating. Originally I was going to get them shipped to my hotel in USA to avoid sales tax then not declare them coming back, but I would much rather buy here and use the TRS. Did you have any trouble bringing them back to Australia?

      • 

        paraneoplastic on 17/05/2019 - 15:00

        +1

        i bought them for my parents, so i handed it them overseas when i met them and they brought it back :D so no problems encounted

        • 

          mini2 on 17/05/2019 - 15:11

          @paraneoplastic: Yeah that works. Had similar arrangements otherwise would've been pulled up by Customs 3 out of 3 now.

          • 

            kev98 on 17/05/2019 - 18:35

            @mini2: As in they asked to see watch?

            • 

              paraneoplastic on 17/05/2019 - 19:54

              +1

              @kev98: At customs if you declare it on entry yes they will pull you up, if not you won't but if you get caught it's a $400 fine + the GST so….

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                kev98 on 17/05/2019 - 20:53

                @paraneoplastic: So give it to a relative to wear back

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                  paraneoplastic on 17/05/2019 - 21:40

                  +1

                  @kev98: Yep and you'll be smooth sailing :)

            • 

              mini2 on 17/05/2019 - 22:42

              @kev98: They specifically asked if I've brought the watches back in and am I wearing it.