Here is my understanding: For new watches, they typically buy from ADs they know who sell to them a little above wholesale. They have to build those relationships, which takes time. But the relationship is beneficial to the ADs, as it helps them move inventory with while expending little effort. So the ADs can maintain a good volume and keep getting more watches from the manufacturers, and not get stouck with a pile of unsold merchandise.
Trusted Sellers also seek out and buy used watches and offer them for resale, and they can hunt down specific models for you (new or used) as well.
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