Ebay GMTII volume...

[Tudor66]

I've been watching the 16710 - GMTIIs being listed on ebay. I specifically monitored 45 watches for several weeks. Each week I'd see new watches added, but no one has been bidding on them. These watches get re-listed, then they sit with no bids for a second week, etc....

Is this just normal ebay selling strategy...?

[Speed]

I am thinking buyers are leery...and rightfully so.

[ericdube]

Usually, it's because everyone wants to get a great deal if they're going to risk buying on Ebay - so they want to pay less than what the market value of the watch is. So, I'm not surprised by the constant relisting of watches. However, I do see quite a few Rolexes sell on there, but they usually go for low money.

The last Rolex (Submariner) I personally sold on Ebay sold in less than 30 seconds from time of posting (it was an all-time record for the fastest item I've ever sold there), but that was because I priced it several hundred below market value. I didn't want to mess around as I wanted a quick sale as I had just bought a new Sub-C.

[toph]

Originally Posted by ericdube

Usually, it's because everyone wants to get a great deal if they're going to risk buying on Ebay - so they want to pay less than what the market value of the watch is. So, I'm not surprised by the constant relisting of watches. However, I do see quite a few Rolexes sell on there, but they usually go for low money.

The last Rolex (Submariner) I personally sold on Ebay sold in less than 30 seconds from time of posting (it was an all-time record for the fastest item I've ever sold there), but that was because I priced it several hundred below market value. I didn't want to mess around as I wanted a quick sale as I had just bought a new Sub-C.

exactly