I'm picturing a lady in a leather catsuit brandishing a Panerai strap, standing over me while I lie on a bed of Sekondas, a link removal tool on each nipple.You are probably aware of this, but there is/was a consultation on lowering the threshold further. Of course, this relates not just to a single transaction but to any number of connected transactions and connected people making those transactions.ĭomiciliation - what a great word. That's about £8,865 as I write this, but our bank is more comfortable with the lower figure of £7,000 and I'm very happy to work with that. €10,000 is the limit before one is required to operate as a High Value Dealer. I believe that the relevant figure in the UK is still stated in Euros. I'm picturing a lady in a leather catsuit brandishing a Panerai strap, standing over me while I lie on a bed of Sekondas, a link removal tool on each nipple. Or Income Tax.ĭomiciliation - what a great word. for up to £100,000+, I do wonder if they are even aware of their AML obligations. When I see sellers (essentially anonymous but for a mobile phone number) offering watches on Instagram etc. Of course, this relates not just to a single transaction but to any number of connected transactions and connected people making those transactions.Ī cash purchase of lower value can still trigger a Suspicious Activity Report to the NCA and indeed it was only before Christmas that I last submitted one. €10,000 is the limit before one is required to operate as a High Value Dealer. If the paying party has a fiscal domiciliation outside France the maximum is 15,000 Euros.I believe that the relevant figure in the UK is still stated in Euros. Although it’s clear his watch knowledge is limited, Logan’s got plenty of time (and money) to develop his watch habit into something legitimate.That's interesting - in France the maximum legal amount for a payment, B to B or C to B, is 1,000 Euros. Whether or not you’re a fan, it’s hard to knock a guy who at 22 years of age bought a platinum Rolex with cash, earned through his own hard work. However, all that ‘stealth wealth’ cachet is pretty much cancelled out when we remember that the purchase was broadcast to his 13 million YouTube subscribers. Logan shows off the Rolex President bracelet. Image: Logan Paul VlogsĬonsidering what else he could have purchased for the money (in the video he states he paid $40,000 USD), it’s relatively low-key – I’d have expected diamonds, and a lot of them. To your average punter this is just another Rolex, and the majority of the population would have no idea it’s platinum, let alone what that means in terms of dollar value. But, to be fair, the platinum case is quite elegant, and overall, it’s about as subtle as it’s possible to get for a platinum Rolex. Those who’ve watched even five minutes of his content will know he loves attention – it’s how he makes his living. So, is this a sensible choice or the flamboyant Logan Paul? Well, in some regards, yes. I hate to say it, but I’m kind of jealous it’s a pretty classy timepiece. So, what did he buy? Well, during a promotional trip to Dubai, Logan treated himself to a Rolex Day-Date II, in platinum with an ice blue dial, and Roman numerals. Logan Paul shows off the sweeping seconds of his Day-Date II. He’s a social media juggernaut, a 22-year-old college dropout who’s worked out how to capitalise multiple social media platforms, and is nailing it. Pegged to be the first ‘social media billionaire’, he boasts over 13 million YouTube subscribers, 15.4 million Instagram followers, and 16 million Facebook ‘likes’. Now, quickly – for those of you wondering who Logan Paul is – pull your head out of the sand and ask anyone you know who’s under the age of 25. He did, however, purchase his first Rolex, and a rather nice one at that. As I skimmed through the video, it was apparent that YouTube star Logan Paul, who posted the video, didn’t actually buy a $3 million dollar watch – he just tried it on (it was a very impressive Patek Philippe Grandmaster Chime, ref 6300 FWIW). Obviously, I was intrigued, and couldn’t resist clicking through. This morning, as I sipped my morning coffee and perused YouTube, I noticed a video in my ‘suggested feed’, titled ‘ I just bought a 3,000,000 watch’. I/trending 26641 WATCHSPOTTING: YouTube millionaire Logan Paul just bought his first Rolex Andy Green
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