Watch Expert Brutally Exposes Rolex ‘Waitlist’ Scam, Dirty Secrets, & Celebrity Fakes | Nico Leonard

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.4 • 786 Ratings

🗓️ 3 May 2026

⏱️ 123 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Airbnb: Find a co-host at https://airbnb.com/host Gusto: Try Gusto for FREE for 3 months at https://gusto.com/ICED Upwork: Post your job free at http://upwork.com and connect with top talent to grow your business. Shopify: Sign up for a $1 per month trial period at https://shopify.com/ich Follow @NicoLeonard Here! *𝗖𝗢𝗡𝗡𝗘𝗖𝗧 𝗪𝗜𝗧𝗛 𝗨𝗦* 𝗜𝗚: https://www.instagram.com/icedcoffeehour 𝗝𝗔𝗖𝗞: https://www.instagram.com/jlsselby 𝗚𝗥𝗔𝗛𝗔𝗠: https://www.instagram.com/gpstephan 𝗖𝗹𝗶𝗽𝘀 𝗖𝗵𝗮𝗻𝗻𝗲𝗹: https://www.youtube.com/c/TheIcedCoffeeHourClips 𝗫.𝗰𝗼𝗺: https://x.com/TheICHpodcast 𝗧𝗶𝗸𝗧𝗼𝗸: https://www.tiktok.com/@theicedcoffeehour 𝗦𝗽𝗼𝘁𝗶𝗳𝘆: https://open.spotify.com/show/5c2uoXBQkOjIiCOf60jJj7 𝗔𝗽𝗽𝗹𝗲: https://podcasts.apple.com/us/podcast/the-iced-coffee-hour/id1515070058 For sponsorships or business inquiries reach out to: icedcoffeehourpartnerships@gmail.com Apply for The Index Membership: https://entertheindex.com/ For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00 - Intro 1:13 - Buying a Rolex in Your 20s 2:52 - Nico's $1.8M Patek Philippe 6:57 - Why Everyone Should Own a Watch 8:10 - Mechanical Watches vs Apple Watch 8:56 - Benefits of Owning a Nice Watch 10:44 - Worst Watch Brands (Hublot & Jacob & Co) 18:51 - Sponsor - Airbnb 20:06 - The Rolex Waitlist & Dealer Allocations 24:16 - Which Watch Shows Class 27:03 - Best Celebrity Watch Collections 30:08 - Do Women Care About Watches? 32:31 - Sponsor - Gusto 34:18 - Reacting to Celebrity Watches 39:03 - Managing $1B in Watch Collections 46:55 - Auction vs Chrono24 & Watch Scarcity 53:21 - Biggest Lie Watch People Tell Themselves 56:36 - Best Watch at Every Price Point 1:02:14 - Sponsor - Upwork 1:03:32 - Sponsor - Shopify 1:05:49 - Lawsuits From His Commentary 1:11:46 - Current State of the Watch Market 1:14:04 - Greatest Watch Brand of All Time 1:16:40 - Building the Perfect Collection Under 40 1:19:08 - Do Box & Papers Actually Matter? 1:23:04 - Scams in the Watch Industry 1:26:34 - Calling Out Rick Ross's Fake Watch 1:29:15 - Fake Watches & Criminal Activity 1:36:41 - Reviewing Watches on Air 1:41:16 - Graham's $465 Fake Watch Review 1:43:29 - Watches He Regrets Selling 1:45:43 - Money, Impact & Net Worth 1:46:45 - Advice for Success 1:50:45 - Watch Brand Tier List *Some of the links and other products that appear on this video are from companies which Graham Stephan & Jack Selby will earn an affiliate commission or referral bonus. Graham Stephan & Jack Selby are part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Insurance isn't one-size-fits-all, and shopping for it shouldn't feel like squeezing into something that just doesn't fit.
0:07.0	That's why drivers have enjoyed progressives' name-your-price tool for years.
0:11.0	With the name-your-price tool, you tell them what you want to pay, and they show you options that fit your budget.
0:17.0	Enough hunting for discounts, trying to calculate rates, and tinkering with coverages. Maybe you're
0:22.9	picking out your very first policy. Or maybe you're just looking for something that works better
0:27.2	for you and your family. Either way, they make it simple to see your options. No guesswork, no
0:32.9	surprises. Ready to see how easy and fun shopping for car insurance can be,
0:38.1	visit progressive.com and give the name your price tool a try.
0:41.9	Take the stress out of shopping and find coverage that fits your life on your terms.
0:47.0	Progressive Casualty Insurance Company and Affiliates.
0:50.1	Price and Coverage Match Limited by state law.
0:53.9	This industry is my life, and I think that the watch industry is lost in every way, shape, or form.
1:01.1	It's never been at a worse place than it is today.
1:03.3	The attitude, the arrogance.
1:05.8	The retail side of this industry is full with lies in marketing.
1:10.2	It is actually scary. Your customer should be number one. The customer is the with lies and marketing. It is actually scary. Your
1:11.8	customer should be number one. The customer is the reason of your company, not the
1:16.0	other way around. So is the wait list real? No, absolutely not. The watch industry tries
1:21.7	to create a narrative for you to buy a watch. Rolex is not scarce, but yet they make you believe
1:27.9	that they are the rarest thing in the world.
1:31.2	The mainstream watchmen
1:32.6	have been telling fake and post-theort
	...

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