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quakeroatmeal · 26 May 2022, 01:28 AM

I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit.

Pretty crazy! Especially since not long ago they merged with Crown and Caliber.

Anyone else get this message?

Yellowfury · 26 May 2022, 01:32 AM

Lol store credit. The GameStop of the watch industry.

quakeroatmeal · 26 May 2022, 01:37 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

LOL Good one

JayHantz · 26 May 2022, 01:46 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

HA!

Polarexplorerii · 26 May 2022, 02:21 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

Screwly · 26 May 2022, 01:35 AM

Nobody wants to catch a falling knife

101031-28 · 26 May 2022, 01:45 AM

Quote:

Originally Posted by Screwly

Nobody wants to catch a falling knife

Agree

prnceofpersia23 · 26 May 2022, 01:36 AM

Not really the time to sell anyway.

alphadweller · 26 May 2022, 01:37 AM

Store credit, wow. Is the correction about to turn into a crash? I wonder

.

Turbo Racer · 26 May 2022, 01:46 AM

Wow. Interesting times.

MR.SEBS · 26 May 2022, 01:47 AM

Thank you for sharing, I think this is going to be the new norm for a while.

WatchGuy1966 · 26 May 2022, 02:11 AM

Quote:

Originally Posted by quakeroatmeal

I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit.

Pretty crazy! Especially since not long ago they merged with Crown and Caliber.

Anyone else get this message?

Isn't "Store credit" by definition a Trade-in?

uniqueMR · 26 May 2022, 02:19 AM

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

Thats what I am thinking :)

whiskyrolex · 26 May 2022, 02:21 AM

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

Yeah, the thread is poorly titled. Seems more like Hodinkee is no longer buying watches at all.

quakeroatmeal · 26 May 2022, 02:32 AM

Quote:

Originally Posted by whiskyrolex

Yeah, the thread is poorly titled. Seems more like Hodinkee is no longer buying watches at all.

In hindsight that seems a bit better, I had trouble titling the thread.

"Hodinkee no longer buying watches" seemed more misleading or inflammatory to me.

But I definitely see the issue with my title now.

GradyPhilpott · 26 May 2022, 02:39 AM

Quote:

Originally Posted by quakeroatmeal

In hindsight that seems a bit better, I had trouble titling the thread.

"Hodinkee no longer buying watches" seemed more misleading or inflammatory to me.

But I definitely see the issue with my title now.

Pardon me, but I just got up and I'm still a little woozy.

What is it that Hodinkee is doing or not doing?

rolexandlange · 26 May 2022, 02:43 AM

Quote:

Originally Posted by GradyPhilpott

Pardon me, but I just got up and I'm still a little woozy.

What is it that Hodinkee is doing or not doing?

They used to offer a watch seller the option of a sale or a trade in. The trade in would offer you like 10% more value towards a new purchase. Right now they are only offering credit towards a purchase. They aren't cutting checks to buy watches. This is probably because their buy prices recently look poor in retrospect. Also, Hodinkee has a new CEO, so changes are coming most likely.

jlovda · 26 May 2022, 05:59 AM

Quote:

Originally Posted by quakeroatmeal

In hindsight that seems a bit better, I had trouble titling the thread.

"Hodinkee no longer buying watches" seemed more misleading or inflammatory to me.

But I definitely see the issue with my title now.

How about "Hodindee only taking watches as trade-ins, not for cash?"

rolexandlange · 26 May 2022, 02:19 AM

They had previously gotten a little carried away…..

GradyPhilpott · 26 May 2022, 02:25 AM

Quote:

Originally Posted by quakeroatmeal

...instead they only give store credit.

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

That sounds plausible, but according to the OP, it was Hodinkee who made the distinction.

Maybe the difference is that a trade-in is for the watch you want and a store-credit is for something else.

koronet-kid · 26 May 2022, 02:33 AM

Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

2loaded · 26 May 2022, 03:00 AM

Quote:

Originally Posted by koronet-kid

Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

Here ! Here !

askdanny · 26 May 2022, 02:41 AM

ProducerMichael interviews this Beverly Hills grey dealer. First time I see a dealer admitting on Youtube that the prices will continue to drop. Fast forward to minute 21.

https://www.youtube.com/watch?v=TtJY75rhHD4

Chewbacca · 26 May 2022, 02:57 AM

Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100

Therefore this thread is definitely misleading.

Chewbacca · 26 May 2022, 05:23 AM

Quote:

Originally Posted by Chewbacca

Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100

Therefore this thread is definitely misleading.

After sending the watch with tracking I was just told my credit memo is now worth $0 due to this thread’s scaremongering and Nigerian Habokkie did me a favor since it’s really just a 3 hand fancy Swatch!!!!

I’m ruined!

taitun4life · 26 May 2022, 05:36 AM

Quote:

Originally Posted by Chewbacca

After sending the watch with tracking I was just told my credit memo is now worth $0 due to this thread’s scaremongering and Nigerian Habokkie did me a favor since it’s really just a 3 hand fancy Swatch!!!!

I’m ruined!

Ur Naija lingo is okay for an oyinbo

Chewbacca · 26 May 2022, 05:40 AM

Quote:

Originally Posted by taitun4life

Ur Naija lingo is okay for an oyinbo

I need your to help!!!!

Purple Hayz · 26 May 2022, 05:41 AM

Quote:

Originally Posted by Chewbacca

Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100

Therefore this thread is definitely misleading.

My afternoon coffee just came out through the nose.

So thanks for that!

train-time · 26 May 2022, 05:46 AM

Quote:

Originally Posted by Chewbacca

Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100

Therefore this thread is definitely misleading.

Hey Chewey, are you sure that quote isn't in Nigerian Naira (414 to $1) or $440.54?

Chewbacca · 26 May 2022, 05:48 AM

Quote:

Originally Posted by train-time

Hey Chewey, are you sure that quote isn't in Nigerian Naira (414 to $1) or $440.54?

Is $0 in Nigeria the same as $0 in the USA?

26 May 2022, 01:28 AM	#1
quakeroatmeal "TRF" Member Join Date: May 2018 Location: NY Watch: Mickey Watch Posts: 488	Hodinkee no longer buying used watches I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit. Pretty crazy! Especially since not long ago they merged with Crown and Caliber. Anyone else get this message?

26 May 2022, 01:32 AM	#2
Yellowfury "TRF" Member Join Date: Oct 2019 Location: Silicon Valley Watch: 124060 Posts: 301	Lol store credit. The GameStop of the watch industry. __________________ 114060 \| 126710BLNR \| 224270

26 May 2022, 01:35 AM	#6
Screwly "TRF" Member Join Date: May 2020 Real Name: Screwly Location: USA Watch: “Pepsi” Posts: 2,369	Nobody wants to catch a falling knife __________________ IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial

26 May 2022, 02:41 AM	#23
askdanny "TRF" Member Join Date: Jan 2016 Location: HND/SEA/CDG/AMS Watch: Clock on my A330 Posts: 780	ProducerMichael interviews this Beverly Hills grey dealer. First time I see a dealer admitting on Youtube that the prices will continue to drop. Fast forward to minute 21. https://www.youtube.com/watch?v=TtJY75rhHD4 __________________ Rolex stories you won't find anywhere else: https://coron.et

26 May 2022, 01:36 AM	#8
prnceofpersia23 2024 ROLEX SUBMARINER 41 Pledge Member Join Date: Apr 2019 Location: AZ, USA Watch: 116500LN Posts: 2,022	Not really the time to sell anyway.

26 May 2022, 01:37 AM	#9
alphadweller "TRF" Member Join Date: Nov 2019 Real Name: Vic Location: Spain Watch: SD43 Posts: 6,198	Store credit, wow. Is the correction about to turn into a crash? I wonder .

26 May 2022, 01:46 AM	#10
Turbo Racer "TRF" Member Join Date: May 2021 Location: USA Watch: Rolex and Patek Posts: 1,027	Wow. Interesting times.

26 May 2022, 01:47 AM	#11
MR.SEBS "TRF" Member Join Date: Apr 2020 Real Name: Justin Location: SF Posts: 641	Thank you for sharing, I think this is going to be the new norm for a while.

26 May 2022, 02:33 AM	#21
koronet-kid "TRF" Member Join Date: Nov 2007 Real Name: John Location: AT HOME Watch: deep-sea Comex Posts: 676	Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

26 May 2022, 02:57 AM	#24
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,112	Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100 Therefore this thread is definitely misleading.

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