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·Here are my two cents. Not all gray market dealers are created equal. I have purchased watches from AD and non-ADs. My dealings with non-AD or gray market dealers have taken place at brick & mortar shops. This gave me the opportunity to inspect the watch to my satisfaction before handing my CC information. I got all the pertinent documents, cards, boxes etc. w/matching and intact serial numbers. At the end of the day, I saved several hundreds of dollars on a new, unworn watch but I was fully aware that I was trading the initial period of warranty and service from the original manufacturer for the one provided by the watchmaker sitting in the back room with the gray dealer. To me, this was a low-risk proposition - after all, I’m buying a high end watch with a solid reputation in terms of quality and craftsmanship. Now, I will never use an online, gray dealer/retailer. There are just too many stories out there of unhappy customers who purchased from these dealers and got the short end of the stick. For one, none of the ones I called offered me any better deal than the AD, plus I bet that many of these online, non-ADs don’t have the watch you are looking for on their inventory and ready to ship. Instead, you must first pay for the watch before they reach out to their network to find the watch. By the way, I’m not referring to “boutiques” when I write “AD” as these follow a different business scheme where paying full MSRP is the norm.