Is trading in really a good deal ?

[Flying Clog]

So am looking at consolidating a little and trading in 2 Tudor Black Bay + cash (ETA movement red and black) for a 116655 or the 2 Tudor plus my 2006 BLNR + cash for a 126715. Am thinking with either deal the watches plus EUR15k.

The question is, is this really a good way to go, or better to sell privately and use the cash to buy ?

Either the 116655 or the 126715 would be coming from a grey rather than AD.

Thanks
FC

[77T]

Almost always better to sell your own pieces to maximize the residual financial value in them.

But there are hassles - like getting the watch in top shape, dealing with potential buyers who low-ball you, sorting the payment/shipping/insurance angles.


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[j-watch]

Did you mean 2016 BLNR? I don't think the BLNR was available yet in 2006, as I'm pretty sure it was introduced around 2012 or so.

As for the rest of your question:

Always best to sell them yourself. Trading in (to a brick and motor establishment, be it an AD or not) will always be considerably less then you can sell them for outright. At least that's been my experience.


Good luck!

[piratfisk]

I'd think you'd always make more money selling privately, but you have to do all of the "dirty work" (shipping, insurance, negotiating, receiving payment) yourself. Only you can weigh the pros & cons versus selling to a TS or an AD, versus some joe-schmo with a PayPal account.

[DPE]

Yes, Cash in hand is always the best way to get a good price.

[Snow-Dweller]

Selling privately is an absolute hassle. Better to deal with an “honest” grey.

[junamuan]

I think selling it privately would net you more $$$ if you have the time and the hassle of going thru the process of selling it.

I was in the same dilemma 2-3 years ago when trying to consolidate my collections. In the end, I opted to sell the lot (bundled of 6 pcs Panerai, Omega, Tudor, etc). I took a loss because it would be nearly impossible to to sell all privately at the price for end-buyers.

[junamuan]

Originally Posted by Snow-Dweller

Selling privately is an absolute hassle. Better to deal with an “honest” grey.

This.

I took this route.

[Chadridv]

bottom line is that there is work and risk involved in selling on your own. gotta figure out what your time and risk is worth and determine if it makes sense just to essentially pay a trusted seller to do it for you.

I tend to lean toward simply sending my watches to takuya, and either having a new watch in hand the next day or having the money in my account. Couldn't be easier. Does he profit from all ends? of course. But he also does all the work.

[derklink]

I'm in the middle of trading in my black SubC (plus cash) for a Daytona with a grey. No idea what the grey will list my Sub for but I think I was offered a fair amount for it.

I had zero interest in going through the potential headache of selling privately. I have "wasted" money in worse ways. It can work out totally fine or it can go sideways.

A good approach would probably be to sell here on the forum to well known members.

[Flying Clog]

Originally Posted by j-watch

Did you mean 2016 BLNR? I don't think the BLNR was available yet in 2006, as I'm pretty sure it was introduced around 2012 or so.

As for the rest of your question:

Always best to sell them yourself. Trading in (to a brick and motor establishment, be it an AD or not) will always be considerably less then you can sell them for outright. At least that's been my experience.


Good luck!

Yes your right - 2016 BLNR.

I have small wrists but fat fingers :)

[Cesium137]

Once the Chnr is on your wrist, you’ll forget everything else. It’s a fantastic piece.

[Flying Clog]

Originally Posted by Cesium137

Once the Chnr is on your wrist, you’ll forget everything else. It’s a fantastic piece.

Thats what I’m afraid of

I just love the BLNR and actually really like the Black Bays too - something about that snowflake hand.....

Giving them up for the CHNR - I need yo try it on and see if I fall in love with it instantly.
Or of course put a bit more cash in and keep one BB


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[Tha Baron]

Originally Posted by Snow-Dweller

Selling privately is an absolute hassle. Better to deal with an “honest” grey.

Agree. And private sale does involve more risk in addition to hassle. I’d always be worried something may happen to the watch in a few weeks or months after delivery. Just better to trade/sell to grey seller to avoid all that nonsense

[Flying Clog]

Thanks all for the feedback.
Bottom line is private sale levers more equity than trade but trade removes the hassle and time factor.
Am going to a grey dealer in Maastricht in the next week or two - so lets see what I can do.

[Jim Smyth]

Originally Posted by Snow-Dweller

Selling privately is an absolute hassle. Better to deal with an “honest” grey.

This is my thought exactly. Sure I loose a few bucks in the process. But I dont have to worry about being scammed and thats a great feeling that I dont mind paying some extra for.

[jrs146]

I normally try to sell private or work a good sale price with a dealer. I’ll say there’s a wide range that dealers will pay, depending on if they need the watch. So talk to a few and see what they will do. Otherwise you can always post a for sale ad.


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[77T]

Originally Posted by Tha Baron

Agree. And private sale does involve more risk in addition to hassle. I’d always be worried something may happen to the watch in a few weeks or months after delivery. Just better to trade/sell to grey seller to avoid all that nonsense

When I was actively flipping/trading/selling, I mitigated that risk by having my certified watchmaker perform an overhaul with 1 year transferable warranty. That way I could offer a guarantee and peace of mind to a buyer.

Yes, cost between $400-$800 but that was less than the markdown trade price that a dealer would have offered.


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[wolf689]

Originally Posted by Snow-Dweller

Selling privately is an absolute hassle. Better to deal with an “honest” grey.

I traded my YM II with cash on top for my DD Everose, I got more than I originally paid for the YM II and paid well under list for the DD Everose.

Much easier than a private sale for me.

[joli160]

Have a look at the banners on the Dutch forum. Some very reputable dealers there

[Kliminator]

If you're looking for convenience - trade in.

If you're looking for the most cash - sell em yourself.

[Flying Clog]

Originally Posted by joli160

Have a look at the banners on the Dutch forum. Some very reputable dealers there

Thanks yes - have bought and sold a few through JK previously but he has neither of the watches I'm interested in - Fillipucci so but slightly higher priced. But may venture down to see them next weekend.

Fijne weekend !

[gyasih]

Originally Posted by joli160

Have a look at the banners on the Dutch forum. Some very reputable dealers there

Dutch forum?

[SoCal_Batman]

Plain and simple... Risk vs. Reward.

What are YOU comfortable doing?

[spurwar]

What is the typical spread that you see between what you can get from a private sale compared with selling to dealers? I have never sold watches before so always wondered about that.

[Flying Clog]

Originally Posted by gyasih

Dutch forum?

rolexforum.nl


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[HogwldFLTR]

Time is money. If you have time then sell them yourself but it will cost you one way or another. No time, take the hit on the trade and get what you want.

[1William]

I think it all comes down to what you paid for the watches and what you can move them for. Most times I buy right, 30-40% of msrp for non-Rolex models, so when I trade or sell I either break even or make a little. Buying and selling yourself offers a whole lot of other issues and get taken on a deal and you have really lost. I use the network of TS on TRF and my AD to get my maximum price on what I want to move. Your two ETA Black Bays are collectable and should bring as much or more than what you paid. I would try to keep one, black dial for me, as they are a great beater that looks wonderful on a bracelet, leather or NATO. Good luck.

[watchwatcher]

Whatever you do, I would wait for the 126655, with the glide lock. Good luck!

[Jona]

Several times I have worked trade deals with an AD. Yes I probably could have gotten more $ on my own but I didn't want the hassle as I had been put thru the wringer by buyers in the past. Also, the AD charges sales tax on only the net after trade so that is a factor in the deal. Since the AD makes $ on both ends they love me even more....