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Thread: Does Anyone Have Any Experience Selling Their Watch Thru a Retailer??

  1. #1
    Member Vincent Vega's Avatar
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    Does Anyone Have Any Experience Selling Their Watch Thru a Retailer??

    I see lots of them advertising such services on line. Offering to buy your watch outright, doing a consignment or even trading it up for something nicer. If you do and have any recommendations, I would truly appreciate you letting me know. Either thru this thread or a PM. I'm looking for some quick cash and really have no time to try and sell it myself and go thru all of the hassles. As a last resort..., I'm thinking about eBay with no reserve and a low starting bid. Any other suggestions? It's a higher end watch but not like a Speedie, Sub or PO, etc., that would be very liquid and may be easier to turn.

    Thanx in advance for any suggestions.
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  2. #2
    Its a like a car dealership and trading in your car, which is a rip off....unless you got money to burn and no time to privately sell. I made trades a few times for those reasons and just not wanting to be bothered with your time. I'd be embarrassed to say what I "let go" of watches on trade ins for. Never again unless I'm that loaded where a grand or two doesn't hurt me.

  3. #3
    Definitely you won't be able to do as well as selling on your own. That being said, give Rob at Topper a call, and see what he can do. I worked what I felt was a very fair three for one swap with him, understanding that I might have been able to do better if I'd sold privately. But I don't like the hassle.

  4. #4
    rolex pic as answer guy mikeylacroix's Avatar
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    davidsw.com
    he's good with trade ins on certain brands

  5. #5
    Member Vincent Vega's Avatar
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    Thanx for all of the great suggestions so far guys! Looking for cash.
    I have found that some people just like to hear themselves typing.

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  6. #6
    wind-up merchant OhDark30's Avatar
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    Does Anyone Have Any Experience Selling Their Watch Thru a Retailer??

    I've sold, through a shop in our local Jewellery Quarter.
    - I visited numerous watch shops in the area to get a range of quotes
    - Found that a lot of places were only interested in Rolex and other 'recognisable' classics
    - My 2001 Speedy Reduced sold within a fortnight (did it on sale or return basis)
    - I made less than in a private sale, but it was very straightforward, and I didn't have to fret about the postal system or fussy/ fraudulent buyers
    - I was paid by cheque
    Hope that helps :-)
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  7. #7
    I calculated numerous times the discount + what they would give me on a trade and it would be the same if I didn't do a trade at all and purchased from a reputable grey dealer. I know they gotta make a living but I think they would increase their business and obtain nice second hand watches more if they did better with their all around deals. No luxury watch in mint condition less then a year old from a well known maker should lose 50% of its value for a trade in and that's what I found it roughly to be. That 50% is not at retail either and 50% is def on the conservative side. At least in my area and that's a joke. The big Time Machine in NYC also offered me app. 1500 on a mint condition barely a year old Omega SMPc (not Quartz) with all papers and boxes. Then when asking about discounts for a purchase they told me since I'm doing a trade they can't discount as much. Makes no sense and I heard that a lot!? So why would I bother? I can get a bigger discount and keep the watch or trade in the watch and screw myself over? *the hassle of selling privately just annoys me now would be very nice to find a dealer who can offer a fair deal in my area where I don't feel like I just been robbed. Lots of NYC dealers seem to go by this strange concept -

    "So your telling me I can do a low ball trade in towards a watch and get 10% off but if I were to just buy the watch with no trade you can give me 25% off? What?"
    Last edited by -JP; Aug 28, 2015 at 11:45 AM.

  8. #8
    If you trade something in they've still got a watch that needs selling. You buy a watch outright they've shifted one. The second scenario is more attractive, so they're going to put more effort into making it happen.

    I don't know what margin jewellers expect to make to make the whole effort worth their while, but when I worked in wine it was 40%.

    If an item is $100 new, and it's second hand value is $70 to make 40% they can only buy it for $50.

    Retail costs a lot of money, it's terribly inefficient, stock holding must be massive, these margins are a necessity.

  9. #9
    El bot. geoffbot's Avatar
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    I sold my tag to watchfinder.co.uk and got a very fair price - my asking price on eBay that people obviously haggled with, then the fees... They quoted me a lower figure initially, I said "come on chaps" and we agreed on a price - would highly recommend them.
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  10. #10
    I can understand that but the whole trade in plus less discount or no trade and bigger discount boggles my mind. Regardless of what they offer for a trade in I would think that would be considered money. Maybe New Jersey would have better deals as people in NYC just have money to burn apparently.

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