Watchfinder Not Wanting Hot Stock

[jaydav2306]

Yeah it’s still for sale at 39k, just wonder if they are selling them one at a time instead of advertising them all

[Gab27]

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.

[Jacobson]

Originally Posted by 3sheets86

£14,750 for a BLRO and said that they already have a large stock of 126610LN's so declined to make an offer.

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.

[salt&pepper]

[SpiritSoul]

Originally Posted by jaydav2306

Yeah it’s still for sale at 39k, just wonder if they are selling them one at a time instead of advertising them all

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.

[alphadweller]

Originally Posted by Jacobson

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.

A whoping 33% gross profit margin! I find that shocking on a super hot watch like the BLRO. WF are taking the pi**.

[midswing]

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?

[Srct]

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.

[EEpro]

This is not a bullish indicator. Maybe we can see some price drops with the next stock market crash.

[PO 2500D]

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.

[Jacobson]

Originally Posted by alphadweller

A whoping 33% gross profit margin! I find that shocking on a super hot watch like the BLRO. WF are taking the pi**.

Indeed, there's one on the site at the moment for £22,250.
https://www.watchfinder.co.uk/Rolex/...44/item/212287

[jaydav2306]

Originally Posted by Jacobson

Indeed, there's one on the site at the moment for £22,250.
https://www.watchfinder.co.uk/Rolex/...44/item/212287

Crazy! That will be gone in a day

[RolexADreal]

Originally Posted by jaydav2306

Crazy! That will be gone in a day

it's gone!

[Jojomojo]

Lolz..man, what a time to be a watch collector.
Rolex selling for Patek prices. Dear lord.

[BielWatches]

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?

[cryptowalkway]

Originally Posted by padi56

Who really cares while promoting with these types of posts we will never get back to normal only make grey market stronger.

As if you’re still buying Rolex’s from an AD. Greys are the new reality. I think you should accept it and deal with it

[Castlesinthesky]

Originally Posted by alphadweller

A whoping 33% gross profit margin! I find that shocking on a super hot watch like the BLRO. WF are taking the pi**.

Yeah, that's how they operate.

[Roddypeepa]

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.


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[1665fan]

They are buying hulks right now…..

[RolexSimon]

Originally Posted by RoyalOac

they dont want it because the 41mm Daytona is coming out

With a different name and no bezel however.

[Yaz]

Originally Posted by Jojomojo

Lolz..man, what a time to be a watch collector.
Rolex selling for Patek prices. Dear lord.

So true…


Envoyé de mon iPhone en utilisant Tapatalk

[Soultime]

Originally Posted by Roddypeepa

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.


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Quick fact check.

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'.

[Number3]

Originally Posted by Soultime

Quick fact check.

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'.

Yup, got a Hulk from them back in the day at 10% under MRSP.

[roadster198]

Has anyone successfully sold their watch/watches with either watchfinder or watchmaster?

Was it a hassle?

[jaySL350]

Originally Posted by roadster198

Has anyone successfully sold their watch/watches with either watchfinder or watchmaster?

Was it a hassle?

Sold a few to WF,,,
Easy and simple transaction,,,,

[Benzsiam]

Originally Posted by Jojomojo

Lolz..man, what a time to be a watch collector.
Rolex selling for Patek prices. Dear lord.

That isn't true, you cannot compare Rolex secondary market price with Patek MSRP.

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.

[macrowatch]

Originally Posted by Benzsiam

That isn't true, you cannot compare Rolex secondary market price with Patek MSRP.

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.

All true, but I still find it bizarre that SS sports are trading more than PP grand complications. If you had told me that would happen back in 2013-2015, I would have thought you were crazy!

[TimepieceRPP]

Originally Posted by roadster198

Has anyone successfully sold their watch/watches with either watchfinder or watchmaster?

Was it a hassle?

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.

[Roddypeepa]

Originally Posted by Soultime

Quick fact check.

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'.

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.


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[marc12]

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