City guide · Hong Kong
Buying ultra-luxury watches in Hong Kong
HK is the world's most tax-efficient luxury watch market — zero VAT, zero import duty, zero capital gains. The Asian collector base drives premium for rare references (especially RM, Patek complications, Tudor Submariners). HK grey market consistently trades at 10-30% premium over US/EU for hot references. Phillips Hong Kong holds the regional auction records.
Tax & import regime
| VAT / sales tax | 0% (no VAT, no sales tax) |
|---|---|
| Import duty | 0% |
| Market tier | Primary Asian Hub |
Auction houses · Hong Kong
- Phillips Hong Kong (Patek/AP records)
- Christie's Hong Kong
- Sotheby's Hong Kong
Key retailers
- The 1916 Company HK office
- Local grey market (IFC, Central, TST)
Best for
Tax-efficient acquisition. Asian-market-specific references. Selling rare references at peak premium.