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mjm800 · 16 July 2010, 08:03 AM

A few days ago I packed up my Explorer I and went down to a jeweler that buys, sells, and trades Rolex watches.

Not really sure that I even wanted to sell as I knew that I would never get the best possible price for the watch but I thought that I might be inclined to sell or trade if we could work out a deal that I could live with. I figured that the loss if not substantial it could balance itself against trying to sell it online and dealing people (not my strong suit).

After a few questions from the salesman he saw that I was not desperate. It was not a matter of needing the cash now so he says:

“These are very hard to sell without a date, in fact, I would pass on this anyway I can’t sell it.”

I was stunned and not looking for an argument I just thanked him and left. Seriously, its an Explorer I considered by many to be a timeless classic. I am not calling him a liar perhaps he is correct but somehow I am doubtful that it would be a dust collector for his case.

Anyway, I am over it now I'm keeping my baby in fact I wore it to work today!

NMS75 · 16 July 2010, 08:08 AM

I sold some furniture when I cleared my old apartment out in January. I phoned a second-hand furniture shop to make me an offer and if it was a reasonable one (and to be fair I was expecting it to be low) to take the said furniture away for them to resell. The chap who came out seemed keen on the phone but when he arrived told me it was worth nothing but he would be doing me a favour to take it away for free. I declined, advertised the furniture and sold it a week later at a decent price.

Similar could be said for yout Explorer...

M

ParisDakarBmw · 16 July 2010, 08:12 AM

He may be honest with his jewelry store, and the prices discussed. It is a difficult time for jewelry stores in general. Of course he would have to make a few dollars, but compaired to what you paid, and what he could pay, there's probably a big price difference.

If he paid you $3k for it, and had it sit in his case for 2 years before the right customer came along, he would be parking "king cash" in the showcase. He could put his $3k into buying scrap gold, & diamonds and make his 25% week after week on his money.

Since you have a nice watch, and don't need to sell it, either hang onto it, or sell it to a private party. No need to add a middleman between you and a potential customer.

mjm800 · 16 July 2010, 08:25 AM

Quote:

Originally Posted by ParisDakarBmw

If he paid you $3k for it, and had it sit in his case for 2 years before the right customer came along, he would be parking "king cash" in the showcase. He could put his $3k into buying scrap gold, & diamonds and make his 25% week after week on his money.

Yeah I see your point (whish he had said that) and 3K would have been my bottom so he was most likely being honest. He was not a jerk or anything so I would go back and see if they have anything worth buying in the future.

Thanks for the input.

ParisDakarBmw · 16 July 2010, 08:33 AM

Quote:

Originally Posted by mjm800

Yeah I see your point (whish he had said that) and 3K would have been my bottom so he was most likely being honest. He was not a jerk or anything so I would go back and see if they have anything worth buying in the future.

Thanks for the input.

He was probably speaking from a business standpoint in the middle of a recession. It may have been a little more of a gamble. If he didn't make you a silly offer, I would think he was being respectful to you, but honest.

Of course we all know you could fetch $2,750 to $3k by what others have recently sold for. You should be happy he didn't ruin your shopping with a $1,400 offer, or something else that would make you fighting mad! Sounds like he was a decent guy, but didn't word it correctly.

You might even do well in a trade offer with a fellow watch collector.

Yazo · 16 July 2010, 10:23 AM

Quote:

Originally Posted by ParisDakarBmw

He was probably speaking from a business standpoint in the middle of a recession. It may have been a little more of a gamble. If he didn't make you a silly offer, I would think he was being respectful to you, but honest.

Of course we all know you could fetch $2,750 to $3k by what others have recently sold for. You should be happy he didn't ruin your shopping with a $1,400 offer, or something else that would make you fighting mad! Sounds like he was a decent guy, but didn't word it correctly.

You might even do well in a trade offer with a fellow watch collector.

The last 2 114270 I bought, I paid between 2100 - 2300. Expy I's can be found cheap looking in the right place.

Kanger · 16 July 2010, 08:13 AM

I like the EXP I; it's a timeless classic with a rich history. But the salesman had a point, the EXP 114270 is not desirable to people who don't like 36 mm watches and without date. But to me, I WILL get another 114270 again after trading away TWO of them. They are BEAUTIFUL!

The GMT Master · 16 July 2010, 08:35 AM

It's the same from my experience - the non-date sports watches are very slow to move. It doesn't help that the Explorer has had it's niche taken by the 36mm Oyster Perpetual with the improved bracelet.

Best thing to do would be to sell it privately, you'll get a better price than if you did it through a dealer anyway

PeteNYC13 · 16 July 2010, 11:38 AM

I agree with others, the guy was honest and running a business. Often times, we put emotional value on our items (watches, cars, houses etc) that others see as a business. If the guy bought it and it sat there or he couldn't sell it, it's bad business. Kind of like Pawn Shops, we all hate the low ball offers, but they are not buying on emotion - they are buying to sell as quick as they can for as much margin as they can.

Enjoy your Explorer, it's likely worth more to you than someone else who doesn't have the memories and the emotional attachment.

-Pete

nickriebe · 16 July 2010, 01:03 PM

If you ever decide to sell it... let me know!

Zed Homme · 16 July 2010, 01:19 PM

Quote:

Originally Posted by nickriebe

If you ever decide to sell it... let me know!

This statement here says it all, if you want to sell, list it on TRF. I think the guy was very straight forward with you. Ultimately, he has to cater to his customers that may not be interested. I wouldn't take it as an end all be all statement, just a reflection on that perticular shop and it's customers...

kyle L · 16 July 2010, 01:22 PM

The Explorer is a great watch, but it is not desired as much as the other sport models like the Submariners, GMTs, etc... I have one too, one of my favorites.

Art161 · 16 July 2010, 01:32 PM

You have a wonderful watch, but it's not for the mass market. A jewelry store is probably not the best place to go to sell it or trade it.

al_bongo · 16 July 2010, 08:04 PM

Speaking as a sub 14060M owner, there is no doubt that even on here the date is all important. It's a deal breaker for the majority.

I'm 6'3 and the exp I is just a bit too neat on my wrist, but when I went looking I couldn't even have told you it didn't have a date. It just wasn't a factor, but it does seem to matter for a lot of people.

Selling it privately you'll find someone who rates the watch for what it is.

16 July 2010, 08:03 AM	#1
mjm800 "TRF" Member Join Date: Jul 2010 Location: USA Posts: 1,950	What do you make of this statement? A few days ago I packed up my Explorer I and went down to a jeweler that buys, sells, and trades Rolex watches. Not really sure that I even wanted to sell as I knew that I would never get the best possible price for the watch but I thought that I might be inclined to sell or trade if we could work out a deal that I could live with. I figured that the loss if not substantial it could balance itself against trying to sell it online and dealing people (not my strong suit). After a few questions from the salesman he saw that I was not desperate. It was not a matter of needing the cash now so he says: “These are very hard to sell without a date, in fact, I would pass on this anyway I can’t sell it.” I was stunned and not looking for an argument I just thanked him and left. Seriously, its an Explorer I considered by many to be a timeless classic. I am not calling him a liar perhaps he is correct but somehow I am doubtful that it would be a dust collector for his case. Anyway, I am over it now I'm keeping my baby in fact I wore it to work today!

16 July 2010, 11:38 AM	#9
PeteNYC13 2024 Pledge Member Join Date: Nov 2009 Real Name: Pete Location: USA Watch: Rolex Posts: 1,607	I agree with others, the guy was honest and running a business. Often times, we put emotional value on our items (watches, cars, houses etc) that others see as a business. If the guy bought it and it sat there or he couldn't sell it, it's bad business. Kind of like Pawn Shops, we all hate the low ball offers, but they are not buying on emotion - they are buying to sell as quick as they can for as much margin as they can. Enjoy your Explorer, it's likely worth more to you than someone else who doesn't have the memories and the emotional attachment. -Pete __________________ SS Submariner K16610 SS Submariner F16610LV SS/P Yachtmaster M16622 SS Black Dial Daytona M116520 SS Explorer II D16570

16 July 2010, 01:03 PM	#10
nickriebe "TRF" Member Join Date: May 2010 Real Name: Nick Location: 3026'23N 8638'41W Watch: out for pirates! Posts: 692	If you ever decide to sell it... let me know! __________________ ~Nick Riebe~

16 July 2010, 01:32 PM	#13
Art161 "TRF" Member Join Date: Jun 2008 Real Name: Art Location: San Francisco Watch: Sundial Posts: 2,266	You have a wonderful watch, but it's not for the mass market. A jewelry store is probably not the best place to go to sell it or trade it. __________________ Rolex SS Oyster Perpetual no date, TT Datejust Member #13992 HM Power to the Superlative Panda, officially certified! HMPanda eats, shoots and leaves. Rolexers do it with perpetual movements.

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16 July 2010, 08:08 AM	#2
NMS75 Member Join Date: Jul 2010 Real Name: Mark Location: United Kingdom Watch: 16610 & 116710LN Posts: 559	I sold some furniture when I cleared my old apartment out in January. I phoned a second-hand furniture shop to make me an offer and if it was a reasonable one (and to be fair I was expecting it to be low) to take the said furniture away for them to resell. The chap who came out seemed keen on the phone but when he arrived told me it was worth nothing but he would be doing me a favour to take it away for free. I declined, advertised the furniture and sold it a week later at a decent price. Similar could be said for yout Explorer... M

16 July 2010, 08:12 AM	#3
ParisDakarBmw Banned Join Date: Dec 2009 Real Name: Paul Location: New Haven, CT Watch: 116610 Sub-C Posts: 6,552	He may be honest with his jewelry store, and the prices discussed. It is a difficult time for jewelry stores in general. Of course he would have to make a few dollars, but compaired to what you paid, and what he could pay, there's probably a big price difference. If he paid you $3k for it, and had it sit in his case for 2 years before the right customer came along, he would be parking "king cash" in the showcase. He could put his $3k into buying scrap gold, & diamonds and make his 25% week after week on his money. Since you have a nice watch, and don't need to sell it, either hang onto it, or sell it to a private party. No need to add a middleman between you and a potential customer.

16 July 2010, 08:13 AM	#7
Kanger Banned Join Date: Jan 2010 Real Name: Daniel Location: North Carolina Watch: Sea Dweller Posts: 5,524	I like the EXP I; it's a timeless classic with a rich history. But the salesman had a point, the EXP 114270 is not desirable to people who don't like 36 mm watches and without date. But to me, I WILL get another 114270 again after trading away TWO of them. They are BEAUTIFUL!

16 July 2010, 08:35 AM	#8
The GMT Master "TRF" Member Join Date: Jul 2008 Real Name: Chris Location: England Posts: 8,150	It's the same from my experience - the non-date sports watches are very slow to move. It doesn't help that the Explorer has had it's niche taken by the 36mm Oyster Perpetual with the improved bracelet. Best thing to do would be to sell it privately, you'll get a better price than if you did it through a dealer anyway

16 July 2010, 01:22 PM	#12
kyle L "TRF" Member Join Date: Feb 2009 Location: USA Watch: Rolex Explorer I Posts: 10,278	The Explorer is a great watch, but it is not desired as much as the other sport models like the Submariners, GMTs, etc... I have one too, one of my favorites.

16 July 2010, 08:04 PM	#14
al_bongo "TRF" Member Join Date: Sep 2008 Location: Scotland, UK Posts: 444	Speaking as a sub 14060M owner, there is no doubt that even on here the date is all important. It's a deal breaker for the majority. I'm 6'3 and the exp I is just a bit too neat on my wrist, but when I went looking I couldn't even have told you it didn't have a date. It just wasn't a factor, but it does seem to matter for a lot of people. Selling it privately you'll find someone who rates the watch for what it is.

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