ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
3 February 2022, 08:20 AM | #31 |
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Yeah it’s still for sale at 39k, just wonder if they are selling them one at a time instead of advertising them all
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3 February 2022, 08:26 AM | #32 |
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Who knows. Exceptionally lowball offers can really hurt your reputation. They may feel that prices are going to fall, and therefore they are not willing to offer what would be anywhere near that of other retailers and therefore have decided not to make any offer at all. Alternatively, the number of Daytonas actually selling for the higher prices might not be at the volume they are often thought to be. The number of people who can afford a '50k' watch is a lot less than the number who can a 10k watch.
Not knowing the inner workings of their business, this is anyone's guess. |
3 February 2022, 11:00 AM | #33 |
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I would say that's quite a poor offer for a BLRO considering they had a couple listed for circa £22K a few days ago.
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ROLEX: 16570 - 16610LV - 116610LN - 116610LV - 16710 - 116710BLNR - 126710BLRO - 116622 Rhodium - 116520 Black - 116500LN White - 116500LN Black - 228206 Ice AP: 15450ST White - 15202ST Blue - 26331ST -- PP: 5711/1A Blue - 5056P-001 -- BP: 5008 1130 71S -- JLC: 3908420 -- Tudor: M79470-0001 |
3 February 2022, 03:51 PM | #34 |
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3 February 2022, 06:50 PM | #35 |
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They are selling one at a time,... gave in a watch recently and they only had one of them on sell before hand and its still the case now. Think they get away with it if the watch is same age and specs.
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3 February 2022, 08:20 PM | #36 |
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3 February 2022, 09:02 PM | #37 |
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I sold my first watch to WF in 2012. They gave me £3k for a 2009 white dial Milgauss bought new for £3.5k in 2009 and worn every day between times. That's outright sale.
Last week I price checked them for a steel 2016 Nautilus with BandP and they offered less than £100k. Whilst I appreciate that is a huge premium over 2016 UK list, it is also a huge amount lower than current C24 Nautilus UK watch listing prices. Do they not want the watch, do they have a drawer full of steel Nautilus that aren't currently advertised or are they just being greedy with it? Conversely I sold a white gold JLC Ultra thin WG moon to them last year and they paid me double any other trade quote. Where's the logic? |
3 February 2022, 09:16 PM | #38 |
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They are now owned by the Richemont group so doubt you will get the detail but before this their Year end March 2019 accounts show they made a pre-tax profit of £6.3M on a turnover of £113.6M. They are a pretty high volume bricks and clicks business with significant overheads ( including TV advertising here in the UK) - so got to look at their business model in the round - useful as one option for buying and selling but lots of choice . Dealt with them a couple of times over the years when the numbers suited and not played when it didn’t.
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3 February 2022, 10:31 PM | #39 |
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This is not a bullish indicator. Maybe we can see some price drops with the next stock market crash.
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3 February 2022, 10:55 PM | #40 |
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As the prices rise the addressable market gets smaller, their will be more people able to spend £20k on a Daytona (when they were that price) than there are people able to spend close to £40k so the sales velocity slows and it becomes risky to continue to buy in for stock, if there are far more people wanting to sell to you than buy you're going to refuse to buy.
There is a point were the price of a product out weighs the perceived scarcity of the product and one side becomes more liquid than the other. |
3 February 2022, 11:25 PM | #41 | |
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Quote:
https://www.watchfinder.co.uk/Rolex/...44/item/212287
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ROLEX: 16570 - 16610LV - 116610LN - 116610LV - 16710 - 116710BLNR - 126710BLRO - 116622 Rhodium - 116520 Black - 116500LN White - 116500LN Black - 228206 Ice AP: 15450ST White - 15202ST Blue - 26331ST -- PP: 5711/1A Blue - 5056P-001 -- BP: 5008 1130 71S -- JLC: 3908420 -- Tudor: M79470-0001 |
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3 February 2022, 11:30 PM | #42 | |
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Quote:
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7 February 2022, 07:07 PM | #43 |
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First watch was a Submariner i received for my 18th… haven’t stopped collecting since… 30++ pieces later i own a few Rolexes, APs, PPs, IWC, Cartier, Breguet, JLC and more… Still enjoying |
7 February 2022, 07:21 PM | #44 |
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Lolz..man, what a time to be a watch collector.
Rolex selling for Patek prices. Dear lord. |
8 February 2022, 02:09 AM | #45 |
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There are so many unknowns happening on the world stage along with the US economy. I am wondering if they are battening down the hatches in case the luxury watch bubble pops??? Similar to 2008 maybe? Are they hedging for a possible watch price correction and scoop a bunch up at that time?
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8 February 2022, 02:14 AM | #46 |
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8 February 2022, 04:24 AM | #47 |
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8 February 2022, 06:48 AM | #48 |
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Let’s face it the people who use WF are rich millennials. Influencers, sportspeople, crypto winners etc. more money than sense and want it NOW.
People who know watches and the market properly won’t touch them with a barge pole. They’d use a decent bricks and mortar place. I certainly won’t touch them. Sent from my iPhone using Tapatalk |
8 February 2022, 07:16 AM | #49 |
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They are buying hulks right now…..
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8 February 2022, 02:39 PM | #50 |
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8 February 2022, 04:15 PM | #51 |
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8 February 2022, 06:23 PM | #52 | |
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Quote:
I know the market. I got my first Rolex in 2004. I happily bought a watch from Leeds WF shop (bricks and mortar) in 2016. Brand new (1 month old) with stickers at £2k under RRP.. But I wouldn't buy one currently. So it can work for you during more 'normal times'. |
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8 February 2022, 07:46 PM | #53 | |
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9 February 2022, 05:47 AM | #54 |
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Has anyone successfully sold their watch/watches with either watchfinder or watchmaster?
Was it a hassle? |
9 February 2022, 06:12 AM | #55 |
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9 February 2022, 06:31 AM | #56 | |
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You have to compare MSRP to MSRP and secondary market price to secondary market price. Rolex, AP and PP are all skyrocketing in the secondary market now. I think Rolex is still the best value for the money and the majority of people can afford. That is why Rolex took the highest market share for watch world. |
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9 February 2022, 06:40 AM | #57 | |
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Quote:
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9 February 2022, 06:45 AM | #58 |
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WF used to take any of the watches and since Autumn they have become more selective and couple of mine were no offer. The price they offered for some were also less competitive. They also used to be very quick to get the payment and now need to wait for 4 days to a week for inspection. Not recommend. Quite a lot of other dealers are better than WF.
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11 February 2022, 06:28 AM | #59 | |
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That was kind of my point not wishing to start a quarrel. They’ve pushed prices well beyond where most of the rest of the uk market is. I agree 4 or 5 years ago it would have been different but I stand by my thoughts. Sent from my iPhone using Tapatalk |
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11 February 2022, 06:59 AM | #60 |
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EWC in boston offered me 29k USD for my BLRO
and 35k for my blue sky d may be selling both to increase our down payment on a new house LOL |
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