I often wondered how much or how little TDs make on a watch sale. So if someone orders the standard Submariner for $500, the dealer makes $100?
I find that super fair, really, given the risk he or she takes in regard to legal exposure, lost or confiscated shipments, or buyers who in the end complain about an issue.
I don't know any fly-by-night vendors, but I'll gladly pay $500 for a top-quality replica at a time where banged-up Seiko divers cost more on eBay and Chrono 24. Yes, reps got more expensive lately, but so did everything else, from food to rent to hookers. Plus, the quality has improved as well.