How to sell a watch

[locutus49]

This is a very good video on how a grey calculates a price of a watch before buying from a private citizen. Many people think greys low-ball, but it is all about the numbers.

https://www.youtube.com/watch?v=NsH5mw0KlBo

[JR16]

Originally Posted by locutus49

This is a very good video on how a grey calculates a price of a watch before buying from a private citizen. Many people think greys low-ball, but it is all about the numbers.



https://www.youtube.com/watch?v=NsH5mw0KlBo

Thanks for posting, it was definitely worth watching


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[benlee]

That's an excellent video. Thanks for posting. Although sad to say, I encounter more than my fair share of preown dealers trying to rip me off at first instant when I want to sell a watch, esp in my home country in Singapore.

[Cesium137]

Greys do low ball. They low ball because we they are not in business to take chances. They are doing it to make money, but it’s still a lowball offer. But that’s what you get for selling to a dealer. Kinda like trading in a car.

[ernie117]

I don’t know my dealer who also sells pre owned gave me a very good deal on a pre ceramic sub below what the average is going


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[ernie117]

And it was in very good shape he goes above and beyond for me And I’m
Not even vip he treats me like a vip


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[subtona]

Armageddon pricing explained.
Every possible scenario for the dealer is cumulatively added to come up with price.

Individually each consideration has validity but when added up, it makes s case against making the deal.

[MrBlahBlah]

Originally Posted by ernie117

I don’t know my dealer who also sells pre owned gave me a very good deal on a pre ceramic sub below what the average is going


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A piece with a deep, highly liquid market will always get a better price, on a relative basis, because the dealer knows he/she can move it quickly and easily

[Kliminator]

Interesting - thanks for sharing.

Just watched another video from him and noticed he adjusts his sleeves a lot haha. Found that a little distracting but interesting content nonetheless

[cascavel]

This seems to be an advertisement encouraging watch owners to accept the inevitable shafting that they will undergo when they want to reduce the size of their collections or need to sell to raise money.
It also helps to explain the preoccupation we have with purchasing, at retail, watches that have higher prices in the grey market than their MSRP.

[Kliminator]

Originally Posted by cascavel

This seems to be an advertisement encouraging watch owners to accept the inevitable shafting that they will undergo when they want to reduce the size of their collections or need to sell to raise money.
It also helps to explain the preoccupation we have with purchasing, at retail, watches that have higher prices in the grey market than their MSRP.

Car analogy - i think this applies to watches as well

sell / trade in to dealer, less money but more convenient and easy transaction

selling private party - more money but more work for seller as well

At the end of the day it depends on each person to educate themselves and sell through the method they feel most comfortable dealing in