alt Hacker NewsWatches are the commodity of choice for corruption in some circles. I know people in jewelry and a significant portion of their transactions are watches to Chinese businessmen, formerly through Hong Kong, now through Singapore. They're high value items with razor thin margins.
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qingcharles • today at 5:44 AM
Most of the time you can wear a watch through customs and move $250K without anyone blinking an eyelid. If it has a box and papers you mail those ahead of you. (Don't have them in your luggage)
I collect watches worth >$100k and I promise you that most collectors in this range are just watch nerds that have more money than they know what to do with.
Singapore is a big watch market because it has a very tight knit and wealthy collector community.
Margins on most watches in this range are around 10% on the low end. I wouldn't call that razor thin.