#gray markets

How scalpers and Rolex store employees are making it nearly impossible to buy a Rolex at retail price Jeff Maysh wanted to buy a Rolex Oyster Perpetual for his wife. He went into a Rolex store in Los Angeles and "found only empty cabinets and an apologetic salesperson." As he soon discovered it's almost impossible to buy a Rolex at a Rolex store because scalpers snap them up and resell them at ten times the retail price on the gray market. — Read the rest https://boingboing.net/2023/02/20/how-scalpers-and-rolex-store-employees-are-making-it-nearly-impossible-to-buy-a-rolex-at-retail-price.html