4.6 • 3K Ratings
🗓️ 15 November 2024
⏱️ 101 minutes
🧾️ Download transcript
Luxury watch dealer Roman Sharf sits down with Patrick Bet-David to discuss the truth behind the booming grey market, Rolex’s dominance, and whether investing in luxury timepieces is a smart move. Are watch prices headed for a crash? Find out in this in-depth conversation. --- Ⓜ️ CONNECT WITH ROMAN SHARF ON MINNECT: https://bit.ly/40MElRO 🎄 PURCHASE THE VT CHRISTMAS COLLECTION: https://bit.ly/4hDCt3S
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💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! SUBSCRIBE TO: @VALUETAINMENT @vtsoscast @ValuetainmentComedy @bizdocpodcast @theunusualsuspectspodcast ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
--- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/supportClick on a timestamp to play from that location
0:00.0 | And this is an inside job, a big inside job. |
0:01.9 | They're not telling you the whole truth here because they're embarrassed. |
0:04.7 | That's why I don't trust wide salesman. |
0:06.7 | You have no idea how much fraud is in the watch space. |
0:08.4 | I can tell you stories for days. |
0:12.5 | That's a $1.6 million watch. |
0:14.1 | That's a $1.6 million. |
0:14.7 | It's also made entirely out of a piece of crystal. |
0:17.0 | A billion dollar idea for the watch business. I'm about to shut that entire idea, ready, at one sentence. |
0:21.6 | There's one difference. |
0:22.4 | Go ahead. |
0:22.8 | This is an addictive, slippery slope. |
0:25.0 | You mean to tell me this took 100,000 hours to make? |
0:27.5 | And now they're asking for some $15 million. |
0:29.9 | But guess what? |
0:30.7 | I would pay for it. |
0:32.2 | Those watches are going to be 10x value the minute you walk out that door and they don't want that. So there's 12 of these watches in the world. By the way, this actually goes with the cell phone. |
0:38.8 | Yeah. |
0:40.0 | I knew what you were. |
0:41.5 | I knew what you were going to. |
0:42.6 | And then when the story broke and I was double Russian oligar, the highest offer I had on it was $45,000. |
0:47.4 | For the shoe. |
... |
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