PBD Podcast “The Luxury Watch Bubble" - Roman Sharf REVEALS: Luxury Watch Lies, Market Crash & Watches To Own | PBD Podcast | Ep. 507
Nov 15, 2024
Roman Sharf, a luxury watch dealer with 22 years of experience and a $130 million business, reveals the secrets of the luxury watch market. He discusses the booming grey market, potential price crashes, and the importance of authentication when buying high-end pieces. Sharf shares his personal journey in the industry and the allure of rare models like the blue-dial Rolex Daytona. He reflects on the emotional ties collectors have with their watches, and the influence of celebrity culture on value and desirability, making for a captivating discussion.
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Roman's Watch Business Origin
- Roman Sharf's entry into the watch business began while working at Deutsche Bank.
- A watch dealer suggested he sell watches on eBay, leading to a successful side hustle and eventually his own company.
Watch Buyer Profiles
- Watch buyers are driven by various motivations, including flexing, horological interest, and investment potential.
- Roman emphasizes understanding client motivations to provide suitable recommendations.
Choosing the Right Watch
- Consider lifestyle, profession, and interactions when choosing a watch.
- Watches should be practical and align with daily activities.
