If you haven't heard of The Time Piece Gentlemen, aka Anthony Farer, it's my favorite recent ponzi scheme as he documented the entire thing online.
Because of the scarcity of Rolex's there are 'Grey Market' dealers. And one of those dealers just went to jail on $5million worth of fraud, basically stealing consigned watches.
What's fascinating about the story is that during Covid the prices of the watches 10x'd for some of them so they were going for insane prices. And this guy vlogged the entire thing all the way up to his bust last month. It's a great way to see and learn about these expensive watches, and knowing the whole thing is bullshit is *chefskiss*