Grey Market is not the flipper market, you are confusing terms.
The Grey market is watches sold with no warranty. These watches are on the market as dealers are given a yearly allotment of watches and sometimes they cannot sell them all, then they sell them to the grey market dealers at a large discount as this is the only way to dump these watches., this is against their dealer agreements. These watches sell at discount and have no warranty.
Rolex started constraining production about 8 years ago to stop this, and they succeeded, creating a different problem for them.
The flipper market is another beast, this is people that buy expressly to resell the watches over MSRP, sometimes this involves sales people. This happens when production is constrained below market demand, and happens on some models.
These are 2 totally different terms.
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