The Iced Coffee Hour - Watch Expert Reacts: The BEST Investment Watches You Can Buy

Episode Date: February 10, 2021

Protect your credit card information online with Privacy.com and get $5 to spend on your first purchase at https://www.privacy.com/ich​ Get a HUGE discount on Audible and receive their President's day deal: visit https://www.audible.com/icedcoffee​ or text icedcoffee to 500-500. Federico's Channel: https://www.youtube.com/c/federicotal...​ This week we have on Federico from Federico Talks Watches. We talk about the best and worst watches as investments, how to get started investing in watches, and how Federico manages his multi-million dollar watch re-sell business. Enjoy! Add us on Instagram:  https://www.instagram.com/jlsselby​ https://www.instagram.com/gpstephan​ Send any voice submissions to [e-mail]  (10-15 seconds max) can be about anything- and we will respond in the next podcast! Get 2 Free Stocks on Webull when you deposit $100: https://tinyurl.com/yd9slfax​ Join the 2x weekly mentorship group: https://tinyurl.com/yaexko4o​ The Equipment used: https://tinyurl.com/y78py5g2​ The YouTube Creator Academy:   Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv​ $100 OFF WITH CODE 100OFF  For Podcast Inquiries, please contact [e-mail] *Some of the links and other products that appear on this video are from companies in which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is 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

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Welcome back to the 36th ever episode of the Ice Coffee Hour. And so far, we've made $34,714. I thought we made more than that. Why did I think we made more? Why was I thinking 37 this entire time? We've got to congratulate you for one of the most flawless introductions to the podcast. Didn't waste a beat. No, I said, this is what you're going to say.

And you're just like, all right, here we go. And you just said it. I didn't even know we started. How many YouTubers do you guys? I mean, I watch her main channel. and I watch your second channel, but I do this for a living. I mean, so does everyone else. Every person we have on is a YouTuber.

Oh, really? Yeah. Well, that just goes to show my lack of preparation for this video. That was impressive. Yeah. But I think with your videos, you don't script them. No, never. Wow.

There's a little bit of cutting. By the way, guys, $34,714.19. Is what I mean on, like, my first four years of YouTube combined. Really? Well, I'm a much smaller channel. I'm about to hit. 100,000. That's at Federico Talks Watchers. Help me out. But yeah, I mean, now this year it's doing a lot better. But it took a while.

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on your first purchase. Go to privacy.com slash ICH and sign up now. As always, the link will be in the description. Thank you privacy for sponsoring this episode and back to the podcast. Let me introduce you because this is really exciting for me to meet you. I've been watching your channel for maybe two years, two and a half years now for a while. And I was interested. in your channel because you talked watches. And I love watches. And you sell watches. You're involved in watches.

And I think they're really interesting. One, because aesthetically, I think they could be very beautiful. But also for an investment, they retain their value. Some of them go up a lot in value. I've been trying to convince Jack to get a submariner. He's shaking his head. He's saying no. But I think...

Double-ed short. That's all I'm going to say. We'll talk about that shortly. That's my man right there. That's my man. For anybody, I think, who's interested in watches or who wants to get into watches or who is at all curious about maybe alternative investments where you could make money or if you have cash that's sitting in an account to put it in a watch, this is your guy. And we're going to learn a lot today about investing and buying watches and you're going to react to my watch collection. I brought a few watches.

All right. So, uh, no holds barred though. No holds barred. No. Um, but, um, but, you're going to react. You know, I do appreciate you having me on because honestly, I'm not just saying this for the show. I have actually been watching you not quite two years, but definitely over a year. And like, yeah, I'm a YouTuber, but this is a whole other level for me.

So, I don't know, I'm kind of honored to be here and meet you guys. Thank you so much for the opportunity. You're welcome. How did you get into selling watches? All right. So this story was, we're doing the brutal honesty. Brutal honesty. All right.

So my parents were jewelers, right? jewelry designers. It was not really my thing as a kid. My older brother was actually sitting somewhere over there. Got me into a while. He was obsessed with watchers around the age of 18. I was about 10, 11. So he'd always like call me over to take a look at the stuff online.

I never really cared. But then I turned 18 and I didn't really know what to do with my life. I wasn't a great student. I mean, I went to college. Decided it wasn't for me. Moved back home. And then my mom's like, all right, well, go get a job. Like, go do something.

and I walked down Fifth Avenue with a stack of resumes Walked to the Gap, Banana Republic, Cartier, Starbucks, Gucci, whatever. Every single store on Fifth Avenue. And the manager of Cartier was like, well, we're looking for like

a sales associate for Christmas in the watch department. Do you know anything about watches? Well, actually, a little bit. He's like, all right, sell me this pen. No, is that really? No, he did. Who does he think he is?

Literally, he took it from a movie. There's a famous movie where that happened. Yeah, Wolf of Wall Street. Well, this was before. No, wasn't that the stock with the Gordon Gecko? What was it? I don't know. I think it was that. Remember Jordan Belfort had like something online or something online or something.

Yeah, he did. That was Wolf of Wall Street, but I think it was... Well, this was 2009, so it was before a Wolf of Wall Street. Wow. And I just worked out, and he gave me the job, 12 bucks an hour. And by the six, the week, I was the second out of like 60 salespeople in the whole Fifth Avenue store. Why? Just because you knew about watches?

Well, no, it had nothing to do with knowing about watches because I didn't know anything about watches. I then dedicated my life to spending like the 12 hours of not, the 12 non-working hours a day I had to reading TimeZone.com. Like, that's when it started. But no, it's literally just about being, to my own horn, but charming and conversation. You are pretty charming. I must admit.

Yeah. Just speaking, you know, just making people feel comfortable. There's nothing worse than walking into one of these stuffy boutiques. Yeah. And it being so rigid. I mean, you have to have a little decorum, but it's all about connecting with the person. Yeah. Connect with the person.

They'll buy anything. Be a good real estate agent. You would be. You're a very good conversational. As soon as you walked in the room, you started talking. Very easy. Very easy to talk to you. Yeah.

Thank you. You make the air comfortable. Well, you guys are making me blush if I could, Very charming. Yeah. But no, because honestly, if you go into any of these boutiques today, most of the salespeople are in their 50s. You know, they're tired.

They're over. Buy something and get out. I was not even 20 years old. Like, I really wanted to make an impression. And, you know, it worked. Yeah. And then what happened after that? So how much were you making back?

Can we ask that? Yeah. It was $12 an hour, 1% commission. That's it? Well, it was a holiday, because I was a holiday association. yet. So I was getting paid exactly half what everybody was. Wow. Everybody was on, I guess, 25 and 2%. But I probably made, I don't remember, honestly, but probably about, I was making probably

like $65,000. That's pretty good. You know, in that job. Yeah. And then I went to work for another store called Torno. Was not for me, particularly. And then I went to work for Wempe, which free plug to Wempe, which free plug to Wempe, greatest watch store in the world, as far as I'm concerned, on Fifth Avenue. Best trained sales staff, the nicest guys, coffee, champagne.

They treat everybody like royalty, whether you're buying a strap or a million-dollar Petek-Filippe. They taught me everything I know. So if my old boss is watching me, thank you. And then, yeah, it was basically all retail, and then I moved into corporate. What do you mean you moved into corporate? So I was a retail sales associate, and then I just didn't want to be behind the counter. you know, for my whole life, which sounds dramatic because it was only about five years back then.

And then I applied for a job at the Richmont Group, which is a company that owns a ton of watch brands, Vachron Constantin, Cartier, Panoray, all of those. And there was a brand called Piaget. They were looking for in a wholesale sales manager, which basically my job was to sell the store their watches. So instead of the customer being my, my customer, the stores were my customer. So I got that job, and I was the youngest sales rep in the U.S. at the time.

Traveled the U.S., trying to open doors, open jewelers to sell Piajeje. I was going extremely well. I don't know if you know this, but about 80% of those sales back then were actually Chinese tourism. It was a great way to launder money. So what would they do?

Just bring cash, buy a watch, and then take the watch back. with them. And yeah, give it to like their local party official as a gift or something. Then the government changed. Hu Jintao left. Shee Jinping is the new president. Crackdown. And the watch sales went down the toilet

quicker than the Great Depression. I knew the writing was on the wall. So I decided to leave before, in fact, looking back at Piaje, nobody I worked with works there anymore. I was the first one to leave. I decided to leave on my own terms, but good decision in hindsight because, you know, no one's there. And then I was unemployed. I was bored. I decided to start talking about watches in YouTube.

Talking about watches, talking about watches a couple years. No real money making coming out of it, but it was fine. People would ask me, hey, Federico, would you buy this or work? Can I buy this? And I decided to, you know, how do I monetize this? So, you know, long story short, a few more steps, but I started Delraywatch.com, which is my website, and I started it on an investment with a partner. You know, my partner, John, was also on YouTube. We started with $4,000.

All right, that was our investment. And I'm not going to tell you exactly what the revenue is, but it's multi, multi, multi millions of dollars per year. That was a good $4,000 on investment. No, no. Why did you have a partner in the beginning? Because I'm good at watches. Okay.

I love watches is what I do I don't do technology I don't do websites I don't do credit card processing I don't do legal and John who was a CTO consultant for a big watch company at the time

you know was a good friend of mine and you know I told him my idea and he's like let's do it you know we literally we were having tacos and tequila and I'm like you know I had this idea we should do it and he's like absolutely I'm on board And three weeks later it started.

And, I mean, listen, first year was tough. And it still is. We're a small company. You know, we're not, you know, like we're not crowning caliber or Rolex or anything. But, yeah, it started with $4,000. That's all it took. And how long ago was that? Just under four years ago.

How many employees do you have now? Full time. We have, well, there's me and John. Jacob, who is our office assistant, Jonathan Hatchman, our Director of Operations, Carlos Ramos, or photographer, Hans, or watchmaker. And then, so I don't, whatever that is, plus an extra watchmaker for repairs on the side

because we have a lot of demand and then a part-time accountant and the part-time lawyer. So how does your business work? Do you try to find good deals on watches? You buy them and then you sell them? So, yes. In a nutshell, you kind of got it, but there's a couple twists that I feel that we do than nobody else does.

That's right. First of all, we're watch collectors first. Me and John are watch lovers. All right. Every watch dealer sells Rolex, Patech Felipe, and Otomar Pige. That's boring to me because everybody does that. Don't get me wrong. There's some Patex I love, some APs I love, but there's so much more out there.

So we started by buying the stuff that not a lot of people knew about. Like my favorite brand, HMO. I'm pretty convinced I sell more H. Mozer than most H. Mozer stores in the U.S. At the moment. I don't think I've heard of that, Brent. Well, there's one that I'm going to show you that I brought in this name. You know, Gerard Perigo, Zenith, Brightling, Quervo E So, just the stuff that's not in the big three. And nobody else was selling it. So when we started selling it, if people wanted it, we were one of the few places you could buy it. Because every watch dealer was scared to invest in that kind of stock. because, oh, who's going to buy? You know, it's scary. They'd rather buy a Rolex and flip it and make a couple hundred dollars. Whereas to me, you know, I found that boring.

So I started stocking the stuff I like, and then obviously I started promoting it on my YouTube channel. And my YouTube channel's all watchgeeks. So they loved the stuff I was stocking because they were also bored of the same old, same old. So, yeah. Amazon Presents, Jeff versus Taco Truck, salsa, whether it's

Verde, Roja, or the orange one. For Jeff, trying any salsa is like playing Russian roulette with a flamethrower. Luckily, Jeff saved with Amazon and stocked up on antacids, ginger tea, and milk.

Habiniero? More like habanier, yes. Save the everyday with Amazon. Pretty much. Why can't you just go to West time and say, hey, I want to buy this H. Moser. What is it Moser?

H. Moser. Why can't you just go to West Time and say that? And then they just go and source it and sell it to you for... Well, first you have to be an authorized dealer. So I don't know if West Time is, but they very well, maybe. But that's where the investment part of Watchers comes in. I'm not going to sit here and tell you that watches are a good investment. Watchers are not necessarily a good investment.

But they're a fantastic hobby where you can very easily not lose money. It's a great way to have a good investment. It's a great way to have a ton of fun, park some money, and if you do it right, you can make money or not necessarily lose money. There's very few expensive hobbies that one can say about that. And Moser, if you buy a Moser at Westheim and you go sell it in three years because you're tired of it, that's $35,000 watch is worth $8,000. You go to Delray watch and you buy pre-owned, not to plug my own business again, it's $9,000. Yeah. So when you go to sell it back to me, it's $8,000.

Or maybe the market went up and you get your 9,000 back, or you make, or maybe I'll give you 10,000. Depends when you sell it. But let somebody else take the depreciation. You know, the pre-owned watch in good condition from a well-known dealer is just as good as one that's brand new. Well, really quick, you guys, we have a word from our sponsor, Audible. Audible is the leading provider of spoken word entertainment, audiobooks, and they recently added podcasts. I'm someone who values constantly learning new things, and Audible is an amazing platform that offers over 500,000 audio titles. Audible offers spoken word entertainment, ranging from celebrity memoirs and motivational speeches

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I think that would be a good watch for Jack to get... that would only go up and value. You said that's a double-edged sword. Why? Well, I think on a Samariner, it's a safe investment. It's a great first watch if you can afford it.

Jack can afford it. First off, I cannot afford it. Second off, I agree with you. I don't think that you can justify it as an investment. And that would be the only reason why I would get a watch. I'm going to disagree with you here.

I think a Samariner, historically speaking, has only gone up in value. But it's going to be one of those things where even if we're best friends, in the world, I can't help you with because a pre-owned Samariner sells more than a new one because they're sold out everywhere. So, listen, if you have the money to responsibly afford it, you're not, you know,

you're not going to lose, at least in the market, at least historically based on the past 10 years of data, you can't necessarily. How much do they cost? Like, what's that? You're probably going to say 7, 7,500 right now. Are we talking like the new ceramic version? No. What would you advise for me?

I'd say going on like Chrono 24, going on eBay, getting like a 15-year-old Submariner. So if you go with the aluminum version, which I like, you know, it's made significantly worse, but it's more charming, you know. Like $7,500, maybe $8,000. If you go with the new aluminum version, you're probably talking like $10, 10. Why so much? Why have they gone up so much in value?

All of them have. You know, I'm not a huge fan of Rolex. I personally find them boring, even though I do own one. I own two, actually. Why? Because they're a marketing machine. I mean, it's a status symbol. It's the it thing to have.

It's a great watch. Nothing against the watch. But whenever you walk into a Rolex boutique and they laugh at you, you know, like, oh, do you have the Samariner, and they just throw their head back and laugh and call security? You know what I mean? That's the reason why, because they're sold out everywhere. It's one of those things.

where it is, it is what it is. I mean, the Samariner was worn by James Bond, you know, before Omega, there was the Samariner. Before the Samariner, there was the Explorer when Ian Fleming wrote the books. So it represents this like, cool, sophisticated machismo,

or you buy a sub, you kind of feel like James Bond. It's also one of the few sports watchers you can wear to the office in a suit and it looks great. Or you could, you know, wear it, like with a t-shirt, like Graham's wearing now,

looks great. It's something you can keep for your entire life and hand it down. And it's, it's a great, great watch. But as a watch collector and dealer, you know, you get over it a little bit because it's everywhere. You know, for Jack, it's perfect. Honestly, it's a great way. You won't lose money. It's a great way to start. If you never want another watch for the rest of your life, you're set forever. Or it could start a deep, an ugly addiction where you spend hundreds of thousands of dollars in a year on watch. Hundreds of thousands of dollars. I wish I had hundreds of thousands of dollars to spend. Well, you'll get there eventually. See, yeah, Jack, I do think you should be getting a Samariner.

Are we not going to be talking about the move? Oh, let's talk about the move. Yeah, I know it looks like we teleported everyone. We saw the footage and it looks like very harsh lighting. So we just had to move. And this is actually a better setting, I think, actually. So if you guys like this more, we could do our future podcast like this. Yeah. I like it like this. because you see the smash like button, which is a good reminder to smash like button for DTBalloy with him. Yeah.

But for the Submariner. For the Submariner. So first off... Just do it. But... Just do it. But I don't think I... Just do it.

7,500. But also, I feel like I would be... I would be embarrassed to wear it. It's like too nice. It's too nice, I think. I really respect that train of thought. Okay, I do because it means you're a humble guy. But everybody deserves to treat themselves.

This would be a watch that. you would buy, that you'd be so proud of that you could pass down to your children, to your grant, this is an heirloom. I like that aspect. But this is an heirloom piece that you're going to buy once as a sim. To me, that's a symbol of hard work, saving and dedication to get a watch like that. And that's going to be a constant reminder of like, look what I was able to accomplish and what I purchased.

And that's a sign of hard work. That's what I see it as. That and it's still safe. I mean, it's safe. If you really don't feel comfortable with it. you can always give me a call. I just don't know like what occasion I would wear it for. Like do you wear it out?

You will wear it all the time. Out. Yeah, that's a watch. Well, no, only in your house. Or like, you know, like if you're going to like, I don't know, like a party with fancy investor people, I feel like I would wear it. No, everywhere. I think this is a market.

The Samariner is a watch that you could wear while you're putting together IKEA furniture, when you're playing football with your buds, while you're at the gym, while you're digging in the dirt, when you're in the shower. It's one of those watches that I think you could keep on your wrist 24-7, and it's meant to take a beating that watch. And it looks better as it patinos with age. I'll tell you what, when I get an investment property, I think that that would be a good way to... How about this? Yeah. I would settle for you getting it on like either a birthday or on a milestone. Like when the podcast, it's 100,000 subscribers.

You're just picking that because it's within the next five days. But that would be like when the podcast is 100,000. It's probably already hit 100,000 by the time. So by next week, you get the watch. All right. I think on a milestone, that's when you do that. I think Graham's right because it makes it even more special when you finally acquire this piece. To attach a watch with a memory is something men have been doing it, men have been doing for generations.

And, you know, there's something beautiful about that. You know, why not be in a birthday or when you got your investment property or whatever it may be? I think a milestone. If you could pick a significant milestone that you could remember for the rest of your life, whether it be a specific birthday or buying a rental property. How about this? The day I retire. No.

No. By then the watch is going to be like $40,000. Okay, all right. So I like the investment property because it's so hard for me to get a watch. Just I feel like I'm, I understand where you're coming from. Like, it holds value. but I feel like I'm still, it's like, I can't view it as an investment. So I need to do something.

You have more cash sitting in a bank account, probably. Just losing money and interest. Here's the thing, you don't need an emergency fund unless I keep the emergency fund in the watch. Really? Yeah. You can, you know, like, why don't you have like 50 watches then? I'll make you a deal. What?

And this is, it's on video. Okay. If you need the cash, I will buy the watch for you at whatever it's worth or the same price you paid. That's a deal. I'll make that same deal. If I need the cash? My only condition, I'm serious, my only condition is that I would approve on the price you pays. Just so you're not paying like 15K for a submariner, be like, hey, Graham, you got to pay.

If you get a good used submariner, I will buy it at the same price that you paid for it if you need the money. If I need it. Yes. What if I want it? You're not going to sell it. Once you get it, you're not going to sell. Why would you do that? The only reason you get rid of that watch is if you're like, Graham, the stock market just collapsed.

My investments are worth nothing. The algorithm just shadow banned all of us. I'm like, I need the cash right now. What if I need like an advance for like if I want to make a down payment on a place? Then I would give you an advance. I would, I'll pay you ahead of time for the money that you're earning. You're always a month ahead anyway. I know.

That is very generous. Yeah. I know. He's a good, he's a good boss. Yeah. But I'll do that because that's how. confident I am because one, I know that the Rolex market is not going to collapse. Whatever price you pay is going to be a fair price. You're going to get a good deal on the watch. I know I'm

not going to lose any money. I've always wanted a Samariner 2. Never done it, but I would buy yours. So there's no risk. There's no risk. All right. I'll do it in in that case. Yes. Pure pressure. It's just like I don't think you realize $7,000 is so much money. Like I think of that in denominations of like a hundred dollar bills. You know how many hundred dollars bills that is? Hold this. How much? Wait, wait, wait. Let Jack hold it. Let Jack hold it. And then tell them that how much is worth. Is this watch? Is this a shoebag?

With about $400,000 watches in it. Jack has the best reactions. What if Jack just gets up and runs? Can I see it? Please, please open it up. And I brought a few watches for you guys to look at. Watchers that are great investments and watches that are God awful investment. All right. How about that? Let's see these.

We got a segue into it. going to open this up. By the way, Jack, what milestone would you get the rental property? When you buy a rental property, you will buy a sparrant. That will happen this year. Would you be able to help Jack get a submariner? Or is that something you could do? Just because it's you? Oh, you don't have to. No, the truth is I'm sold out of Samariners at all times. Yeah. But I want to, of course, just give me a call. Give me a call. I'm so blessed. Wow. See, look what I'm doing for you, Jack. You have no idea. All right, I'm going to open this up.

All right. Two hands. So there are two watches inside of here. Can I just like... Please, please. Go nuts. This is a Girard Parago, perpetual calendar chronograph F-50. No, okay, wait.

That is... Wait, don't, don't... Let me... Let me guess how much that is first, and then let me see it, and then I'll come up with the price of my mind. Well, there's something special about it. This was only ever originally sold to owners of the original Ferrari F-50. If you didn't own an F50, Girard Parago would not sell you this watch.

All right, well, let me see this before. That's pretty heavy. Yeah, of course. Solid white gold. All right, let me see. That is gorgeous. And we'll get some B-roll of this out. So it says F-50 on it.

When Ferrari came out with their supercar, the F-50, they offered all the original owners of the F-50 the option to buy this watch, and they engraved their name on the back. Does that bring down the value to have someone else's name on the back? Usually, yes.

but all Ferrari F50 owners are usually somebody special. And that is engraved with Guy La Liberte. Oh, that is. Who is the founder of Cirque du Soleil. No way. So that is originally Guy La Liberte's watch. So I'm going to tell you, I think the difficult part of this watch is that it's hard to comp this.

And it's really just whatever is someone willing to pay for it. I would guess this would be 60. What would you wait? What do you say, Jack? I was going to say, I was going to say 40, but I have no, like, you're asking me, I have no idea. This could be a watch that I think on the low end would be 25 in the low end, maybe 1, 20 at the high end. So, original retail, I don't remember, but it was original full retail price was about, if I had to guess, about 80,000. But Gerard Parago is not a brand that holds value well. So I bought this at Hong Kong in auction.

physically at auction. I paid $10,000. But I can tell you, being that it's an F-50, so they've made very few, the connection with somebody famous, Gila Liberte, and then it's perpetual calendar chronograph. I bought this specifically, because I think it's worth two to three times

what I paid for it. So you're kind of right. So I am selling it at Delray Watch. I think it's a touch under 20. Yeah. Because I'm a business. I can't keep every. everything I buy, I have to pay the rent.

But if you put in the fact that it's rare, the functionality, the original retail price, I do think it will eventually be worth 30 to 40 again. And it's grossly undervalued. Why did this take such a hit? Gerard Perigo was just a grossly mismanaged company. Fantastic watchmaker. Fantastically horrible business people. They don't know how to market.

even today they make some of the best watchers on earth heavily discounted um you know jarra parigo is not a good investment if you pay full retail i'm looking straight into the camera as i say that i got a question um this may sound really stupid please but what makes a watch like good because in my opinion i mean i know nothing about watches right like just so you have an understanding where i'm coming from what makes this watch so much better than like a rolex so there's three things, in my opinion, that make a watch good. The first one is just mechanics, right, engineering and mechanics, which Rolex makes fantastic mechanics, and George Perigo does great mechanics as well. Second, which this is well above a Rolex, is finishing how much

time and manual effort went into making that watch. If you open up the movement of this watch, it's all hand-engrieved, hand-finished under a microscope by a master watchmaker, whereas Rolex, fantastic watch, it's more of a production line watch. You know, it's made in bulk. And then third is something called complications, which in watches refers to functions. So what functions do this have? It is a chronograph, which is a stopwatch.

And then on top of that, it's a perpetual calendar, which is a calendar that equates for the changes in month, so 30, 31, and 28 days, and for leapier, which this is not digital. This is all done with springs and gears. What about accuracy? Wouldn't that be like the most important thing? So yes, it was back in the day.

But nowadays where iPhones are so accurate, $2 timex watches with quartz movements are more accurate than this. The beauty in this is it doesn't have a microchip. It doesn't have... Right. It's all powered. It's keeping something so accurate all through the power of springs.

levers and gears, which are hand assembled. I mean, that is, you know how hard that is? It's art. It's not. It's art. Yes, it's art. What got me into it was watching a Petech Philippe be built. There's a YouTube video on it. Love that video.

Yeah, the craftsmanship. All right, I got to check that out. It makes you want that watch. Like for me, I want to Potech on my 50th birthday. Purposely, I want to wait until I'm 50 because I feel like that's a milestone where you could get a Patech. How much does cost? I would say probably the, I want to maybe that 100 grand.

It depends which one you want. But, I mean, this is, there are $5 watches which spank this all over the place in terms of accuracy. It's not about accuracy anymore. It's craftsmanship and effort. It's appreciating the watch as an art piece. I get it. This is, it is a very good looking. So this is a great example of a watch that was an awful investment, but that I think is poised to make a very

big comeback. Okay. Especially for the price that it's now being offered at. Let's see what else is in here. So obviously what affects the price is the demand, but what affects the demand? Is it those three components that you gave? No. No.

Demand is much more in marketing. People love to have what other people have, which is why Rolex is king. You know, Rolex is a great watch, but it's an icon. What makes an icon? The fact that other people want it. You know, there's other sports. small brands, like this next one you're going to pull out, they make less than 2,000 watches a year.

They have no idea. Nobody knows what this brand is. It's H. Moser, but it's my favorite brand because I'm a watch nerd, and I just love everything that they stand for. But at the same time, it also means it's not a particularly good investment at the moment, but it is something that I think in the future, once their story is a little bit more widespread, should pick up. Yeah.

What I think with Rolex right now is that I, remember back when I was, I don't know, a kid, you'd watch like the golf tournaments and you'd see it all with the Rolex crown. Yeah. But now I think you see so many YouTubers that are all buying Rolexes. Yeah. And now it's the cool watch. I think it went from being like this grandpa watch that like, oh, you have a Rolex or Grandpa might have owned a Rolex in the day. Now it's cool. Now it's like all the kids when they make money, the first thing they do is they buy a Rolex. And every other videos like buying a Rolex. I bought a Rolex. Surprising

my sister with the Rolex. It gets fantastic views. Yes. It's, it's, you know what? It's actually become the Lamborghini of watches. Yeah. It's the Gallardo. Yeah. Oh yeah. A hundred percent. It gets, it's just, they don't care what Rolex it is. It's a Rolex.

I mean, I put Rolex in the title. I got 40% more views without even thinking about it. Let's see what else. What else do we got? See that Mozer. This one, is not for sale. It is a personal watch of mine. So this is an H. Moser perpetual moon phase with an adventurine dial. What is eventurine? It is a hard gemstone dial that naturally sparkles in

the light. Mozer only made 50 watches of these in their history. And when I saw it, I had to have it. Wait, so what's the dial at the bottom? That's a moon phase? That is a moon phase. So you could track where the moon... Exactly. And which is not a particularly useful complication, but it is a... It's cool. I call it romantic, right? It harkens back to when things like that were useful. I mean, I don't never need to know when the phases of the moon are, but if I'm going to

have something mechanical and beautiful like that, it is, I don't know, I think it's a nice touch and it gives a dial a little bit of depth. It's a cool looking watch. How do you set this? How do you look at the moon one night? You're like, okay, I'm going to dial it into... So you can Google moon phase calendars. Yeah.

Even though I'm not going to lie to your audience, I've never once set the moon to phase. Yeah, no. This is, okay, so this is cool. H. Moser. So I'm going to, so if you say nobody really knows about it, they make two, if they make 2000, if they make 2,000 watches a year, I'm saying they're at least probably charging five grand, minimum. No, much higher. Much higher. Much higher. Much higher. 20. Well, I've never seen anything like this. That's what makes it so unique. This is, wait, wait, what's it? This isn't white gold. No, this is stainless steel, which is even more special because fine watchers like this are rarely made in stainless steel.

Why? Because gold is more noble, even though stainless steel is technically a better metal, because it's harder. It doesn't scratch as easy. It looks newer, but it doesn't have the cachet of gold. This watch had a retail price of $35,000. What if 50? What is it worth now? No one knows because there's none for sale.

If you wear watch like that out, do people recognize the watch? This one, I had no idea. I would look at this watch and think, oh, it could be a few grand. No one, no idea. No one ever. Never. Um, a watch geek, Mike. Like, I've been stopped at Starbucks by like a fellow watch geek.

And they've been like, that's a nice Rolex. But it's the Rolex. It's not the Mozer. What makes this 35 grand? Because I'm trying to look like the stainless steel, no. So two things. Yeah. First, the movement.

Okay. Um, which if you look at the back is all hand engraved, hand finished, fully in house. They actually use gold counter sinks. in the movement. It's just a level of detail. It's fantastic. Okay. Then the second thing is the dial is made entirely out of adventurine, which is a sparkling gemstone, which also is...

How much does that sell for? Intrinsically, probably a few hundred dollars, to be honest with you, but it's not the intrinsic value of the stone. It's more the fact that if you want to watch with an adventurine dial, there aren't really any. I mean, there's a couple out there. But it's... It's so if I have to tell you where the... money is on this piece. It's the labor, the hours of Swiss trained labor that went into building it. That's where the money is. I'll give you now cash right now. Seven grand. Absolutely now. What are you

doing my job? What are you a watch dealer? I'm going to sell it to Jack. Let's see. I will, I counteroffer at 70. 70. Me in the middle. I counteroffer it. 10. What if I could be in the middle? We'll move that. Nine. Nine. All right. So we're moving on to coffee cup. So this is actually a gift for a gram.

No. What is this? It's nothing that special. It's actually a swatch, which is rare. It's a limited run swatch. Really? There are a few swatches worth a few thousand dollars. This is not one of them.

But it is a limited run swatch. And I saw it. And it's got the coffee cup on it. I love this. Is this something that I should not be wearing? because if it's old? Well, it's from the 90s, but I liked it because it came with the full kit.

You've got the original price tag. Wow. Oh, I shouldn't wear this then. I would keep this as is. Okay. I was trying to think, like, if I put this on the second channel, like wear it, but it's so perfectly preserved. I don't want to.

I'm from Japan, actually. Wow. What was the original price on this? Probably like 50 bucks. Wow. But I just saw it, you know, a 20-cent coffee thing. I'm a fan of your channel.

and had the coffee cup, I thought, like, it was pretty funny. I'm like, this is pretty funny. Thank you. No, it's my pleasure. I love this. Can I see it? And that goes to show, guys, you don't have to be a millionaire. I know we're talking like crazy numbers right now.

You don't have to be a millionaire to love watches. There are some great watches for a few hundred bucks, even less. I mean, in the big boy leagues, yes, there are thousands of dollars, but anybody can enjoy it. What would you recommend for people with under a thousand dollars right? now to spend who want to get into the watch game, but our audience is really price sensitive and wants something that is going to hold its value or go up. So usually watches in that price point don't hold value very well. However, by pre-owned, which will retain better value, and I say like a collectible Saco,

like a Saco, if you can put up a picture, like a Saco Tuna or a Saco Turtle, iconic watches four or five hundred bucks, you should be able to sell it for pretty darn close to you paid for it. If you want to go Swiss, you don't have many choices, but like a Hamilton, you know, pre-owned Hamilton, if you buy a new Hamilton, you just lost 70%. But a pre-owned Hamilton is a nice Swiss watch that should hold value decently. Okay. Rolex Explorer.

Should we talk about it? Yeah, pick it up. All right. I like, you know what, I think those watches are undervalued. I think they're underappreciated. And I think there is a solid watch for what, six grand? Yeah, I'm not going to say undervalued anymore. Because this watch two years ago, it's a Rolex first generation 36mm Explorer.

I was selling for like $4,000. But now with the full kit, the box and papers, this one just sold this morning, so it's not available for $6,800. I see it. 6,800? 6,800. And it's gone up, as you saw, $2,800 in about two years. That's really good. that's a good ROI to go from four to six.

Yeah. But once again, this is the crazy market we're in right now. I don't recommend any of your viewers. There you go. Do it just to do, just to make an ROI. I think an index fund, as you say, is a much safer investment. But it's a great hobby where you can have a ton of expensive fun and not lose. I think that's like the key in my opinion.

It's a game you can't lose, like a blackjack. Blackjack. Yeah. We had blackjack gambling last night. So did I. Did you win? Absolutely not. Oh.

No. Oh, we did so well. So I put in 200, walked away with like $5.50, but I only played 100. I kept 100 aside the entire time. So I turned 100 into like 300 and something in profit. No comment.

We got lucky. I was down. I was down about $70. And then just hand over hand. Yeah. Doubling. win, double, win. It's just every hand, like seven, eight hands in a row.

You're a money-making machine, man. I mean, it's just the deck ended and they started reshuffling. We're like, no, this is it. Let's just say this. I hope this video sells me some watches because last night was painful. How much you lose? Yeah. Not, you know, enough.

How much? Like over a grand? Just about. Okay. We're used to people losing like tens of thousands of dollars. Like, I am down 30 grand today. I'll play a little bit more. I got profit.

Today? I got, yeah, I'm going to throw my profit. Oh my gosh. This is starting into a habit now. That's fun. It's a social thing.

I would never have taken you for a gambler. I love it. Yeah, I love it. Listen, you don't like someone he's winning. I have a $300 limit. That's always how much I'll go in with and lose.

In like a whole weekend. That's it. 300 bucks. Most, I would say it's a 50-50. I'd say it's just like this. I don't lose in the long run because if you play correctly, I'll win 100, I'll lose 100.

I'll win 100, I'll lose arm. So long term, I'm probably break-even, but I have so much fun, and it's a good, like, I have a great time. Long term, it's entertainment, and I don't, I'm not making stupid bets, but I'm probably even overall. I'll put it this way.

After losing last night, which is a little painful, me and my brother went to Carbone and easily doubled our loss on a fantastic dinner. Yeah. And it was just, I woke off. and it didn't even matter anymore. I mean, it matters.

It's a lot of money, but like, I'm over it. Yeah, there we go. All right. Let's see what's in here. Oof. Is that alligator? That is a custom-made ostrich. Ostrich.

That's ostrich, yeah. You're right. Jack, come up, describe it, and say how much you think it's worth, and then I'll give my guess. Yeah, what you think is a retail price of that one. Okay, so the name of this one.

Try to pronounce it. What is, I don't know what it is. Is a turbione 30 seconds. That's the first. function, not the name of the watch. It doesn't have any labeling on it. It's got a B on it. Oh, you're right.

It doesn't have a... Brightling. No. I love it. Oh, no, you're right. It has no name. It has the name on the back. Oh, okay.

Let me... It should have the name on the back, at least. This is called a 30, 30, 30, 30, adjusted five positions. Why is this... Yes, that's... That's great marketing. It is called 340 p.m.

It is a Parmesan-flourier, Pershing Turbion. They only made 12 of these in the entire world. This one is brand new. Not pre-owned, brand new. And how much would you say the retail prices on that? Okay, so it feels to me light. So it's titanium and rose gold. Okay.

But what makes it special is the Turbillon movement. All right, so I'm looking at the Turbion. So I know Turbion's minimum 50 grand. Yeah. So minimum. Very cool feature. It's over a, I'd say over, it's got to be only 12. I would say probably 120, but Jack, you give a guess on that.

Okay. Basing off of the weight, the structural integrity of the watch. The complications. Yeah, the back looks pretty good to me. I'm going to have to say $1.25. So this bad boy carries an original MSRP. I have Jack hold it as you're saying. Let's see.

An original MSRP of $243,000. Would you care to guess how much this watch is for sale at dullray watch.com, brand new, box and papers. Would you care to guess how much I'm selling it for brand new? You guess. 12. 250. No, no.

300. If that's an offer, I'll take it. What is it? 220? I'm going to, my guess is, uh, it's minimum 50. So I'm going to say probably 70, 65. So I'm selling it for exactly $50,000. Ah, look at that.

50,000. Which I, it's basically the, yeah. Listen, you can think of this two ways. If you were, the crazy guy who bought this at the Parmesan boutique in Miami and paid full price, you just lost 80% of your money. Wow.

Or if you're the crazy guy that loves this watch because it's unique, it's beautiful. They only made 12, and you want to buy it now brand new for me for 50, you just saved 80%. But why did this lose so much value? And why is it just not nobody wanting it? It's not a bad watch.

The watch is fantastic. It is all handmade. It's super exclusive It's just a very small brand I'll give you an idea I know you're a car guy Okay Spiker

I love Spiker I love Spiker too They've been going up in value a lot though Now they have but why in the When they were first out Why did no one buy them You know why didn't no one buy TVR

You know that British car company They're not bad cars It's just nobody knew what it was But that was never really imported To the US You have a few examples But that was never So I think the Tate

TVR that we could maybe exclude that. Spanker, I just think they never made it. Well, I guess that's the same with this. They never made enough of them. They never made enough of them. Nobody knows who they are. They make 2,000, 3,000 watches a year. They've got a crazy amount of collectors. Now, the real question is, hey, Federico, how did you get it for so cheap? The truth is, it's a small company. They've got a very small amount of employees. And occasionally, brands will call dealers and be like, we need to sell this, you know, because every brand's got to pay. pay bills and I made them an offer and they sold it to me. How many people paid full price for that though?

And there's 12 sold, my guess is six. What is a Turbion? Orological questions. We're going to need a whole bunch of diagrams to explain this one, but I'll do my very best. Turbion is a function of a watch which should counteract the gravity, you know, the Earth's gravitational pull. So the watch works off a spring that rotates.

The turbion puts that spring in a cage and rotates it once per minute, or in this case twice per minute. So gravity, which is always pulling downwards, will affect that spring equally because the spring is turning. So essentially, it's a very, it's a very high-end piece of engineering. That's pretty calm. Which is done through micro-mechanics, which really brings up the price of water. watch. Yeah. I've seen the AP Turbions and they're all like 80 grand, 70 grand.

Those are some cheap turbions, yeah. So more than that now? Much more. Really? They've gone up like, I mean, I guess some of them are. The last time I check prices were probably about a year ago. Some of them are. But if you want like the one everybody wants, like the concept turb or you know, quarter million dollars, no problem. Wow. I mean, you can get them. You can. You can. But it's just not. I'm looking at like, I go eBay sort by least at least a high. And like, I'm like, all right, that's how it is. Got to be careful with eBay, though. You buy the seller.

That's what I said. How do you charge one of these to go? So this one is manual. It's got the AC back there. With the USB ports. So this one is manually wound. So you turn the crown and it's got a power reserve feature here, which is eight days. So on a full wind, you'll have an eight-day charge on the watch.

So every eight days, you wind. A lot of people argue. That it's just a rich person's toy because who really needs to counteract the effects of gravity in 2021. And it's pretty cool to be doing that. You're that rich. Do you know what I mean? You're that rich. You're like, I don't got time.

Nobody got time for gravity. Yeah, exactly. Defiant. Literally got time for it. Okay. And we got, I think, one last goodie here. And then you look at my collection. Oh, absolutely.

Yeah, I want to show you what I got. Is that a Samarter? Yeah. No. Here's your watch. What's the dial, black dial? Yeah. So this is a hulk.

You got the hulk. Green dial. Wow. Green, Bezell, sorry. Green dial and bezel. Can I see how this looks on my room? Please.

So this is a watch I bought myself for my 29th birthday. Wow. As I said previously, I find Rolex to be a little boring, you know, a little common. But I saw the green on green

and I said, well, that's the most iconic watch in the world of Samariner with a little bit of that cash money pop. Yeah. So I decided, obviously my wrist is way large.

larger than yours, but... You know what, it's weird with the stainless steel and the gold ring. Yeah, that might throw. It might throw it. But none of the needs a gold samariner. I think without the ring, or you put the ring on the other hand, what's the significance of the ring on that hand? I may. But why does it need to be on that finger on that hand?

I just like it a lot. You can't put it on the other hand? My dad's wedding ring, I casted the exact same ring out of the same gold. But you can't put it on the other hand? It's pretty stuck. I mean, I could probably figure out a way to, like, get it off, but it's pretty stuck. You can laser it off.

Does that look right to you? Look at how my knuckle is like way. Yeah, I know. That's not. No. You can't you just make that bigger and put it on the other hand? Like it's cutting off the,

your hands growing around. Like, you know, like somehow like trees, like you have something around a tree and the tree just like grows over. I've kind of just figured this is a problem for me in the future. I'm not going to lie. Like as a jeweler, that doesn't look healthy.

Yeah. Yeah. Yeah. I honestly, you might want to expand the size of the ring a little bit and put it on the other hand. I'll put it this way. If you fly, like, get on an airplane with that ring, your finger

might just explode. All right, I'll definitely look into this a little bit. I'm not even, like, as a friend, like, I checked out. Okay. All right. It's not like... I never paid attention to it, but now that you're showing that all? I know. Well, I didn't want to bring attention to it, but now... Everybody look at his hand. But it's one of those things

that, like, you never notice it until you pointed out. And it's all you could see. My knuckle is larger than the ring, like, significantly. That's your body's screaming. for help. Yes. Honestly, we're both telling you this.

I've never looked at this until then. I'm not kidding with you. I would highly recommend resizing that, getting it taken off, expanding it a little bit. And I don't care

if you put it back on the same finger, but make that ring a little bigger. Graham, I say it for you, buddy, how's this guy going to edit a video missing a finger? Yeah, that's true. Yeah.

Listen, I like the watch in you. I think that's a great Samaritor. I think that's an awful example because I've got an eight-inch wrist. and he's got a skinny horse. But yeah, listen, it's a great looking watch. I went for the green just because, you know, and actually I bought it for $8,000.

Wow, that's what, worth $13 now? I'm 17. 17? Because it was just discontinued. Beautiful watch. The one watch that I really wanted that I didn't get, that I'm regretting, when they came out with the Daytona with the green dial. Oh, yeah, then John Mayer killed.

Yes. And what had, would that? when that came out, it reminded me, for some reason, of a craps table at Las Vegas with the green felt and the green dial. And I thought, gosh, that would be an awesome watch to get. And I just thought, you know what, it's too flashy, too gold, maybe. Yes. But I loved the color combination of that watch. And that was back when it was selling about 30 to 33. And there were a whole bunch of them for sale. It's like, how am I going to double that now? Yep. And I've realized now, anytime I've liked something to that point where I'm like,

oh, that's a gorgeous wild. Like, I want that, but I'm not going to get it. It always goes up every single time. Think of it this way. I mean, I know your whole thing is you're extremely financially responsible. And you should keep that up because you're doing your viewers a great service. But in this case, wasn't it extremely financially irresponsible not to buy that Rolex? Yeah.

Wow. Oh, same. Here's another example of just when I didn't listen to myself over this. when I was like 22, 23, I really wanted the Zenith Rolex Daytona, stainless steel, black dial. And those were selling for less money than the normal Rolex Daytonas.

I didn't get it. I'm like, why does nobody want the Zenith? It was only made for, like, this is a rare watch. Why does nobody want it? I thought maybe it's just, it's old, and people just don't want that. And I wanted that watch, and those were selling about $9,900 bucks,

maybe about 10,11,000 with box and papers. Yeah. And I didn't get it because I thought, well, it's a lot of money to spend on a new $10,000. And now it's like $35,40 grand for that same watch. Yeah. Yeah, you see? Yeah. This is guys, all this means is you got to hit me up, you know, call me for your watches.

But now I'm trying to think like what I would buy now. And I'm not really sure. Like, if I'm looking at these watches, I don't see anything. to me right now that really stands out as like, I gotta get that watch. I'll tell you this. I've been watching you for a little while and I've always realized you had

nice watches. You never really point them out in your video but right now you're wearing a classic retro inspired Zenithel Primero. This is the retro one actually. Let me show you my watch. This is your grandpa's watch, if you told me correctly. Yeah. So this is the original 1969 Zenithel Primero. It was never worn

before me. and it was just kept in a box. This is one of the nicest examples by far. Thanks. That I have ever seen. Yeah, when I took it in, so I took it into, I found a vintage Rolex forum online when I found this watch. I posted it out there.

Everyone is telling me, dude, take it immediately. There's a, there's a person who services Rolex watches downtown L.A. I took it to this guy. He was Florida with the original box. No papers, but had the original box. strap. This guy said this watch was flat. He had never seen an example like this before. This is one of the nicest ones I've ever seen. Yeah. Honestly, it's beautiful. And I also know you have a panorai. Yes, I do. I didn't bring it. Okay. But yeah. I love that panera. Thank you. Yeah, that was,

I've had that watch for a while. And, uh, but yeah, this is, uh, this is watch number one. And this is one of these things. Honestly, I've, I beat this watch, unfortunately. And I've scraped, you could see, in the right light, I've scraped the, uh, the front, the crystal on this. And And, but you know what? That polished out. Yeah, but this is one of those things where I don't want to keep this watch pristine. It's like this is one of those watches where I feel like I just got to wear it and I love it. And this is like...

The only thing I'll tell you is just keep that away from water. Oh, yeah. Like keep it away from like the pool, the shower. Oh, I do. Yeah, yeah, any moisture like I'm not going to take it to the beach or anything like that. But I wear this around. This is by far the watch that wear the most often. It should be.

It's how it should be. I mean, there's nothing worse to me, honestly. It's a little bit of a rant. somebody who spends A ton of money on a watch And then doesn't wear it What's the point? That's why Jack When you get your sub

Please wear it Like that's that's a must I will say Yeah I don't I this is Whoops hold on Okay so this is the other Rolex Okay this is a 36 millimeter Date just

Current generation fluted blue dial I'm gonna be honest This is just a fantastic watch for every day There's no occasion where this does not work. You can wear this to the sauna, to the beach, or you can wear it on a suit. It's extremely classic. White gold dialed.

This is the best part. Okay, this is the best part of the watch. Guys, it's engraved. I don't know if they can see this. If you put B-Ril, it's engraved with 2 million subscribers. Which apart from your grandfather's watch, which is always going to be number one,

this has to be the most special watch in your collection just for that. This was a gift. It was a gift. Grant Navar, I think you might meet him later. He'll probably come out with us if you want to meet him. He brought his watch collection, by the way. He's got a gnarly watch collection as well. He's got an insane watch collection.

So you'll meet him. He got me that as a gift. When I hit 2 million subscribers, he sent me this. That is an incredible gesture. Yeah. And this is why when you get your sub, you want a mile Stone because you're going to have this forever. Oh, yeah. And it's going to mean something forever. And he got you a watch, which is honestly wearable any occasion. Mr. Navar has

fantastic taste. Yep. Yeah. So this, I love the blue dial. Oh, he also got me a Montblanc pen that matches. Get out of here, really? Yeah. This guy's detail oriented. Yes. Oh, extremely. But yeah, this is one of those pieces that, like, you pass down. Like, these are, like, like, we were talking tattoos the other week. And I was like, I don't have any tattoos. But, but, but, you know, I don't have any tattoos. But for me, like these, like, big events or stuff like that happens to me, it's like you get a watch or you get something like this that you could pass down. And once again, it's not fiscally irresponsible because if done right, you're not technically out of the money.

You're just parking it's all right. Then we got this. You know what's, I love that watch, but I'm also extremely intrigued by that box. So this is a solid rose gold remake of the 1969 El Pomeros. It's got the same case profile. It's got the Sapphire case back, so you can see the Elpamara movement, which is something that was never done back when your grandpa's watch was manufactured. I like it better in steel, but I love this to death because you're obviously paying homage to your grandpa by getting a new...

50th anniversary. The new version. So you have the old and the new... You must be one of the few people on Earth, one of the very very very... one of the very few people on Earth that owns the old iteration and the new iteration of the watch. Now, this is one, I mean, I would wear this for very special occasions. I wear this all the time. Gold is a little tougher for me to pull off all the time, and it looks good on you.

I've seen it in the videos, but I don't know, what makes it super cool to me is you have both. I mean, that's what's so special. Right. I thought about getting the white gold, because they only did precious metal. So they did yellow gold, rose, and white. I thought the white would have been too similar to that and would have looked like the same thing. Agreed.

I thought yellow gold. Wait, no, this is yellow gold. Sorry. This is yellow. Yeah. I didn't, I thought the rose might have been a little too trendy. So I figured the yellow gold would be more of like a classic color. I mean, this is a very handsome watch.

Look at that. That shines a lot. That's what I have to say. But it's still like a zenith. I mean, this is a watch geek. watch. If somebody stops you in the street, and they're like,

hey, man, what's that watch? And you say Zenith, they'll think you have a, you know, the TV company. Yeah, yeah, that's the radio.

Yeah. But, but no, I mean, people that know, Zenith makes one of the best and probably the most iconic chronograph movement,

stopwatch movement for the layman in, in the watch world. Yeah. So this is something I just bought. The guy was going through some financial difficulty. Those are usually the best deals.

Sold it to me. at like half-price cash. So I'll let you do the honors. All right, let me see. I put that right there for now. So, get out of here. So I picked this up for like 20-something thousand cash. You stole it.

Yeah. Guys, this is, am I taking this box? I don't want to drop it. Yeah, yeah, yeah. So this is a Rolex day date, nicknamed the president with the green dial, also made extremely famous by John Mayer. Usually solid gold Rolex

doesn't hold value extremely well, generally. This is a major exception to that rule. This dial is sold out everywhere. It's a little flashy, but it's supposed to be. That's the whole purpose of this watch. And it's just, it's a beauty. I mean, this, mind holding this for a second? This is not real.

Why did you break so easily, Graham? You broke so easily. Oh, I couldn't. I couldn't hold back. Okay, but I will tell you how long is it taking me to spot down? How long? I mean... I was, okay, in my mind, I was telling Jack, I was preparing for this.

Oh, yeah, I made the dial pretty small. In my mind, I was going to pretend to be, like, not knowing it was fake, and you were supposed to tell me, like, this isn't real. We plan that out so much. I planned this out. I couldn't, I could stop out. I was breaking earlier. I like put my head down. I didn't even notice that.

Yeah. As soon as you took it out and but okay, the plan was that I was going to pretend it was real and you could be like, no, it's not real. I'd be like, yes it is.

I think you're trying to be a catch for it. And we're supposed to have like a full on scene here. You ruined it. Okay, I'm just proud. that I don't look awful on camera being a professional large dealer and I'm just proud that like

I caught it. That's all I wanted to. I was worried you were holding it talking about it and I'm like it's a light watch. You're not going to know until you take it off. Because it looks good. Listen, from this far away, I'm not going to lie. It looks okay. But you take it off and it feels like crap. Like it really does.

I'm so disappointed to myself. I was going to play it out and like have like I can't believe, are you serious? Like no. You know, like, well enough that you would have never bought some length of yourself. I would, okay, so fun, I did want this watch. And I thought to myself, before I spend the money on the real thing, I'm going to get a replica version, wear it for a little bit, see if I like it. And then if it wears off, I'm not going to buy the real thing. Sure enough, I got this, wore it maybe a few times just to see what it's like and lost, lost the appeal.

But I love the watch. Fair enough. I mean, listen, it's a beautiful watch. It's just not very grim, in my opinion. I love the green dial. You were really going to punk me on your channel right now? Is that the plan? Invite me all the way to Vegas, make me schlep all the way out here, and you're going to punk me live.

We were so excited for that, too. But you were quick. You were quick to spot it. That would have been even worse. Have you did? You're like, how this is this incredible? I love this watch. Wow, you got such a deep.

Here you go. But then I would have thought, too, you were just being polite. Like, you didn't want to tell me it was fake, like on camera, play a long thing. Honestly, when you told me how much you paid for it before I held it, I was prepared to make you an offer. I'll pay you $30. I will not pay you $30. It would have been worse had you not caught it that quickly. Can you guess how much it was?

$70. No, no, no. Okay, realistically. Realistically, how much do you think that replica is worth? I mean, it's worth nothing. How much did you pay for it? Yes. So you got a Swiss at a replica, it feels like, like it's got a Swiss movement.

I mean, on the replica forums, must be like $280, $300, something like that. Yeah, I think it was about $350. Okay. With shipping and everything. 350, yeah. So, listen, here's the thing. Yeah. The head looks great.

It's just a bracelet. Yeah. I agree. It feels awful. Yeah. That being said, I don't condone, you know, I'm just, I don't condone it. But, yeah, listen, it could be worse. I appreciate the fact that you just said like this is fake

like immediately like you didn't even consider like shoot should I not say this in front of Graham but yeah I would be very careful I would just look at it and you know good watch this is nice this is nice it hand it back immediately like the less I no time handling it I do this for a living you know when people call me every day and send me pictures and walk into my office and like

yeah you're right I probably should have been more polite but like it's a reflex for Christ's But I started laughing too quickly, which that's my fault. Yeah, yeah. You should take this to the M and see if anybody will give you like a marker against it. So I think let's, how long are we in the pocket? We're at 90 minutes. So we're good, but I do have a couple of questions.

Please, please, please. So what was the first watch that you got? The first watch I got or the first like high-end watch I got? The first watch you got, yeah. The first watch I got was called a swatch beat. Okay, it was a digital watch where swathing. actually invented this new thing called internet time. So it's a new way of telling time

where the time would be the same all around the world. Obviously, it didn't take off. This was in the late 90s. I got it when I was like 10 years old on vacation. Very, very cool, like digital watch. It actually had a cartoon for some reason, if you held on the button for too long, had a cartoon of a dog peeing on a lamp.

I'm not sure were that even... I don't even know why that was a thing. But yeah, it was the swatch. Swatch beat. Beat. B-E-A-T? B-E-A-T. Cool.

So what was your first luxury watch that you got? My first luxury watch that I spent my own money for was an IWC-engineer blue dial. A watch I actually just recently sold for my collection. Why would you sell something that has so much sentimental value? Because it had sentimental value. And here's the thing. I agree with sentimental value, as I just give you the whole spiel about sentimental value. But at the same time, I,

make a YouTube show about watches. I sell watches. I touch watches every day. I want to experience as many watches as possible. And I don't have the financial ability to just keep buying and buying and buying and buying and buying and not selling. I have the memories. The memories will be with me forever. You know, I've made videos about it. Those will live forever or as least as long as YouTube survives. So, you know, I'm always connected with that watch. But unfortunately, these are expensive items. And sometimes I just have to make, you know, the executive decision and, you know, make way for other things. And how much did you buy it for and how much did you sell it for?

So it was $9,000. I got an employee discount for $5,000 because I was working in the watch industry. And I sold it for $4,800. That's a pretty good deal to have a watch for so long. I lost $200. Yeah. A bad. And how many watches do you currently own?

This is going to sound so pompous. I actually don't know. I mean, I'm sure I could figure it out if I do the mental math, but I don't actually have, I actually don't know. Somewhere between like eight and 12. Okay. Do you ever wear non-expensive watches? Occasionally. I mean, yes, because there's some that I just genuinely like.

Like, I love my SACO. I have a swatch that I love. But at the same time, when I have the ability to wear, wear all these beautiful things that I've worked so hard of. I mean, I consider myself relatively humble. I mean, I know what matters in my life. So, you know, why do I have to pretend, you know, a lot of people say, well, how could you wear that around?

How could you put 10,000? Because I enjoy it and because I can and because, you know, it's, you know, it makes me feel special, what can I say? How do you think the popularity of watches will hold up in the next 30, 50, 100 years? I think watches are no longer tools, unfortunately. People don't need them. It all depends how much people want them. The watch market seems to be growing, thankfully,

particularly the vintage watch market. I think millennials are starting to think watches are cool, not for their utility, but because they're considered retro. Even a new Rolex is like retro tech. And just like retro gaming is making a huge comeback, I can kind of see watches falling into that kind of cool factor as well. You know, that's what I think at least.

Where would you recommend buying a watch? I know you're obviously, you know, you're, but what do you think about buying watches on eBay and Chrono 24? I think that can be a great and an awful idea at the same time. You got to remember, eBay's not selling you the watch. Chrono 24 is not selling you the watch. Some guy who posted on eBay and posted on Chrono 24 is selling you the watch. You don't know that guy.

if you have no idea about watches and it's your first watch, buy from a trusted source, you know, buy from a retail store, pay full price on your first watch, or buy pre-owned maybe for me or somebody else that you trust. Trust is number one. If you're like me or like you and you know watches really well, then sure, go on eBay, go on Coral 24, get a good deal. But you remember, it comes with inherent risks.

There's fraud, there's payment processing issues. If you're ready to potentially deal with that, which I am, I am because I know what I'm doing, then go for it. But I don't recommend anybody's, anybody's first or second watch purchase be on a marketplace. What if it comes with box and papers? How much does that not matter? Can you swap the internals? It matters because papers are worth, make a watch worth more. But just like the Chinese can fake a watch or Chinese can fake papers or wherever the fakes are made.

I mean, papers are worthless unless you can verify. Like, to me, papers are worth everything because I know what a fake pair of Rolex papers looks like. But if papers should not make you feel safe. So now since I work in YouTube and stuff like that, whenever I'm browsing YouTube and I see YouTube videos, like I'm constantly analyzing the thumbnail and the title, it's just something that like, in the back of my mind,

I'm fixated on. When you enter a room full of like people, or if you've had a party or something like there, if you're at the casino. Are you constantly looking around and just eyeing watches? First thing I see. It's just subconscious. It's no work. It's just, I look at people's wrists. And you identify everything. Just like, okay, got it. Usually, yes. Can you spot fakes? How often do you spot fakes when you're at the casino? Or just out and about it? More often than you'd think. Okay. I mean... Let's say this. Let's say my watch. If I were this far away from you,

I'd say, would you be able that you would. I'd say from a distance, no, but as soon as I touched it. Okay. From a distance, no. Okay. But it's a relatively good fake. You know, there are others that, you know, there's some pretty bad ones. Usually it doesn't have to be off the wrist for me to spot it. How often do people try to come to you with a fake trying to sell it to you or trying to pass it off as real?

I mean, it happens a couple times a month. And it's always with some story that, you know, oh, my grandfather left this to me. And I don't know what it's worth. Or my friend, it's always a story. Like, I got it from this guy and I want to sell it. I'm like, okay. And I, you know, I don't tell them it's fake because it's not trying to get into an altercation, you know, with them. Because people get upset.

Yeah. So I always say, you know, just take it to Rolex, have it that authenticated and come back with the papers. That's like my way of saying. Yeah, yeah. Got it. Come back. Yeah. What is your all-time favorite watch and your all-time least favorite watch?

I don't have an all-time favorite watch because it changes a daily. I'm sure that, yeah, you wouldn't. Whatever sells. I'm kidding. You want to give you your money. Smart answer, yeah. Most overrated or just like least favorite watch. Most overrated, this is going to sound awful.

Oh, I know what you're going to say. Is Rolex. Oh. I think Rolex makes a fantastic watch. They make a great watch, great watch. But it really is like the level of like cultism that follows that brand. I'll tell you my. I don't understand.

But it's not, I'm not saying it's a bad watch. I just think it's just so crazily hyped. But I think the brand I like the least Like one I wouldn't like wear I know what I know because you talk about it all the time I mean there's always a brand from a watch I'd wear I don't love most tag warriors Even though I there are a few that I would

What is the brand I talk about all the time? Hubelow Oh yeah I used to own a Hubbillow I used to own a Hubbillow But you know yeah Hubblow It's not for me

To me that is I would say my least... I don't even remember them as a watch brand. To me, I would say that's my least favorite brand of watches is generally Hooplo. One, one of the biggest reasons I don't like them is because every watch they have is a limited edition. But when

everything is limited edition, then nothing is. The other thing with Hublo is I feel like they have replicated AP a little bit too much in their design and aesthetic. But for half the price, and the resale is terrible. And I'd say just for resale alone is terrible they'll ask 20k and then you find the same watch for like eight the same thing a brand i'm starting to dislike great watchers but i'm starting to really dislike is api because everything's

the same it's all the same it's like a hundred years of of the same the same royal oak royal oak royal oak offshore royal oak safari royal look ultrothin it's like guys like beating the dead horse and i have nothing bad to say about them apart from the lack of originality because they hold well. The beautiful watches are extremely well made. But like, let's change it up. And then they made the quote 1159, which is their new release, and everybody just hated it. What do you think? Last last one, Patech. Love them. Um, love them. I think they run the risk of being a little complacent with their production. I think there are finer watches in the world than Patec. They are not the best

watch in the world. But, you know, just genius marketing. fantastic products, history, second to none. They make sports watches and make dress watchers, so they make something for everybody. I mean, I will own a patac in my life. I will own one. The one I really want. Here's one that's about to go up in value

because I've wanted this watch for a while, the Kalatrava. The old, the... That's the best value. There's sub 20K, which doesn't make any sense to me because it's a Patec. It's so simple. It's so elegant. It's beautifully designed.

And I think it's one of the most classic watches out there that's a Patec, under 20. Unbelievable value. Let me tell you. Let me give you, Mr. Graham, Stefan, a piece of advice here. Cool. Financial advice. Buy one. They're at the lowest they've ever been.

Why? And they're at the lowest ever will be. Why? Because it's not trendy right now. But they've been, okay, so true. But they've been at that price from when I started looking at Pattec, I've had my eye on one of those. And unlike any other like the Rolex Daytonas and the Zeniths and everything else has gone up except for that watch. It's not going to be like that forever.

But it will go up. It is a great watch. It is special. Will it go up? Will it take a little bit of time? Sure. But I don't see them. Could you?

I can't see it going any lower. Could you find me one? Because otherwise I'd go on eBay. I mean, listen. If I can't find you one at the very least, I can tell you which one to buy that I don't have. Really? I mean, I'll do that for fun. Okay.

It was like a friend thing. I would buy Calatra. I would do that. I think it's a fantastic watch. I think it's, you don't own anything like it. No, I wish I had a milestone to like,

three million subscribers. 100,000. Every million subscribers, you get like a new watch for your collection. Or 100,000 subscribers on the podcast. On the podcast, yeah. Oh, your celebration is me getting my submarriage.

All right. Now everything is a mile. How about a milestone Federico coming to Vegas? Yeah. Yeah. All right. I don't do that. I would get that watch.

I mean, I'm just, there's no, there's no, you're never going to get it cheaper. In my opinion, obviously, I don't have a crystal ball,

but I don't think you'll ever get it cheaper than what it is right now. Okay. If you, if you could bring me a watch under 20K, on a good deal on a, on a college travel under 20K, you have the choice.

Well, I mean, just like a good, a good deal with, with boxing, like a collectible watch that you feel, Preferably box and papers that is good condition that I could just wear. We're going to do.

We're going to hang out after those. You know, we're going to talk and you're going to show me what style, what color travelers you like, and we'll figure it out. We'll take it from there. I'll do it. Okay. Perfect. And you know what?

If you buy it from me, if it happens that way, I'll hand deliver it to you. You'll what? I'll hand deliver it to Vegas. Okay. Deal. All right. Perfect. All right.

I'll do it. Wow. I've looked at this watch for 10 years. I've never bought it, and you're right, the price has not gone up on this watch. It will eventually. I mean, worst case scenario...

It's going to hold. I mean... It stays the same. Yeah, I mean, these watch are like 30 years old, 20 years old, and they've just... The same.

Maybe plus or minus, like 2%. But... Okay, deal. All right. Perfect. Well, guys, thank you so much for watching. I really appreciate it.

This was probably one of the most insightful, because I'm so curious about it. And it's just, this is something I've just been genuinely interested in, but I've yet to talk to anybody at length about watches before. So, guys, thank you so much for watching. I'm going to link to your information down below in the description. Thank you for having me. It's not sponsored or anything like that, but if you, if you want anything watch related,

this is your go-to. Don't even put the shops link. Just my YouTube channel. Just the YouTube channel. You could find the shop link on your YouTube channel. We talk about it non-stop. If you really want to, you have the option. All right, there we go. Also, make sure to add us on Instagram.

Make sure to get your four free stocks. Have you done that? Have you gotten your four free stocks on Webel? We're actually going to do that right after this. Deal. Okay, so you'll get your four free stocks in Weble. Have you signed up for Yada savings? No, I haven't. Okay. I also sign up for Yada savings. And with that said, you guys, thank you so much more.

Oh, you got to subscribe before not yet at 100K. If you made it to this point, you haven't subscribed yet. Just do it. It's easy. It's free. And we'll be at 100K. Any moment now so I could get that Kalatrava. And with that said, you guys, thank you so much for watching. Until next time. Take care. Cool.

What's up you guys? It's Federico. Welcome back to the 36th. Ever. So you need the ever. Ever. Episode of the iced coffee hour. And so far we have made and then just say that number. But really quick, you guys, we have a word from our sponsor, Audible. Audible is the leading provider of spoken word entertainment, audiobooks, and they recently added podcasts. I'm someone who values constantly learning new things. And Audible is an amazing. platform that offers over 500,000 audio titles. Audible offers spoken word entertainment, ranging from celebrity memoirs and motivational speeches

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