I admit it

[donas]

Originally Posted by thenewrick

If you want to know what a watch is worth, ask DavidSW for a sell value. They will email its worth to you. Then you'll know and won't have to go by rumors "C24 listings"

I would respectfully disagree with this statement. I have checked with DavidSW 5-6 times over the years when I was looking to sell/trade and the offers have been laughable.

[wetsum3]

Originally Posted by underpar

Chrono 24 prices are way over- inflated on many pieces. Most of those sellers don't even have the watch in hand, they're just fishing for buyers.

This

[Airbag79]

Originally Posted by myporsche

Another value thread, another "hulk thread another, "FOMO" thread another, "DavidSW" thread...

I almost wish I didn't buy this watch anymore, I liked it when it was ugly and sitting in display cases no one liked them. It's almost not cool anymore with all these hype nerds not shutting up about it all over social media.

Amen.

[Maverick_1908]

Originally Posted by rmwill

Nobody is low balling anyone. You pay a premium to have a safe transaction with a bricks and mortar reseller that is in business to make a profit. Using C24 asking prices to determine a watches value is a joke. My "collection" there is at least 25% marked up over what I can sell them myself for with low risk.

This 100%

[Bizcut1]

It's a watch.

[OG1982]

Originally Posted by thenewrick

So with a 30% margin and 15% C24 fee the watch is probably worth about $23k and you've broken even so far

Last time I sold on C24 they took 6%.

[Madman37]

Originally Posted by Randy9999

A few months ago (December 2021), like everybody else I noticed that the secondary market prices for the Hulk were rising quickly. So, whether smart or dumb, I must admit that I became infected with FOMO for a watch I always wanted but never got around to buying... So I gulped hard and bought the watch from a grey dealer for $23,700. This morning I checked Chrono24 and was amazed to see that the trend has continued...

Well done for getting the watch you want. You would have had to waste your money on Jewellery or a Tudor that breaks all the time. Or a slowmaster or something you didn’t really want. Now you got the watch you want.

[glamorama]

Originally Posted by thenewrick

So with a 30% margin and 15% C24 fee the watch is probably worth about $23k and you've broken even so far

What market are you in? Here in Europe the C24 fee is 6.5% for private sellers.

[rolexpatek363]

Originally Posted by underpar

Yes sir. And those inflated ghost listings on Chrono 24 are driving the secondary market up almost daily. It's a joke.

This is wishful thinking.

[subprimero]

Also take a look on WatchRecon.

[Driver8]

Originally Posted by thenewrick

If you want to know what a watch is worth, ask DavidSW for a sell value. They will email its worth to you. Then you'll know and won't have to go by rumors "C24 listings"

I have to respectfully disagree with that I'm afraid. They will email you its worth to them.

I know DavidSW is a member here, is well respected, and is a stand-up guy, etc, etc, but at the end of the day (just like any grey) he's running a business that requires him to sell products for more than he buys them for, in order to make a profit.

Like anything there's a "dealer-buy" price, a "dealer-sell" price, and the market price in the middle.

Dealer-buy < Market < Dealer-sell.

Therefore any grey (including DavidSW) will offer you less than the market price. Why? Because offering you the market price means they have to cover the cost of the running the business (premises, staff wages, etc) AND make a profit out of the difference between the genuine market price and the dealer-sell price. And the dealer-sell price is built entirely on the assumption than people will be prepared to pay a premium for buying from a dealer. That's a slightly risky undertaking - hence all sensible businesses hedge their bets and build in some profit right from the off.

And there's nothing wrong with that at all. But let's be clear that dealer-buy prices are not market rate.

[Speedsleev]

Originally Posted by dpt.calvin

DavidSW and any other secondary market seller is going to low ball him. How else will the seller make a profit?

David will give you the cash in hand within 24 hours price that is a bit below what some other dealers may pay but, there is no BS and he’s lightning quick and 1000% reliable. I’ve purchased and sold a number of pieces with him through the years. Simply comes down to the question, what it’s your time worth?

[Db7566]

Originally Posted by myporsche

Another value thread, another "hulk thread another, "FOMO" thread another, "DavidSW" thread...

I almost wish I didn't buy this watch anymore, I liked it when it was ugly and sitting in display cases no one liked them. It's almost not cool anymore with all these hype nerds not shutting up about it all over social media.

It’s still just an “ugly” green submariner and 99 percent of the world will agree with that point. Get off the internet and enjoy the watch.


Sent from my iPhone using Tapatalk

[1665fan]

Originally Posted by thenewrick

If you want to know what a watch is worth, ask DavidSW for a sell value. They will email its worth to you. Then you'll know and won't have to go by rumors "C24 listings"

Yea right….. greys are rip offs

[m j b]

Originally Posted by Cloudchaser

The confusion comes from the fact that not everyone can sell at retail/end user price.

True that. And let's not forget, very likely the OP bought the watch new, and it's now used, so that implicitly drops the price significantly.

It's not so easy selling a $20K+ watch especially if you're a first time seller and have no sales feedback history.

Originally Posted by myporsche

I liked it when it was ugly and sitting in display cases no one liked them. It's almost not cool anymore with all these hype nerds not shutting up about it all over social media.

LOL

Originally Posted by Db7566

It’s still just an “ugly” green submariner and 99 percent of the world will agree with that point. Get off the internet and enjoy the watch.

I bought my hulk new below MSRP and sold it a year later at a slight loss (that's how things used to work in the "good old days"). I never regretted selling it, except when I see threads like this and realize how much money I lost by not sitting on it for 4 years.

[TexEd]

Originally Posted by Marcjvr

I sold a luxury watch privately once. Will never do it again. The amount of tire kickers and scammers out there are ridiculous. My final buyer started out reasonable and by the end I was jumping through ridiculous hoops to put him “at ease” about the watch and the sale

Learnt my lesson and will always sell to a trusted seller like Davidsw on here going forward. The quick, painless and stress free aspect is worth every penny you are “giving up” to a resellers margin

Don’t even start me on a friend who sold to a private buyer and the buyer claimed he received an empty watch box…the amount of scammers out there are unbelievable

[vika01]

Originally Posted by thenewrick

So with a 30% margin and 15% C24 fee the watch is probably worth about $23k and you've broken even so far

Chrono24 takes 6.5%

[vika01]

Originally Posted by dcash0615

This is exactly correct. A lot of ghost listings on C24 where sellers list watches they don’t have at very high prices to current market and if someone buys, the seller sources the watch for much less and then fills the order.

About 10-20% of the listings yes. The rest are clearly in stock since they have real photos of the watches etc.

[marc12]

Oddly enough, C24 prices for me seem to be *below* what a gray dealer has offered me.

126710BLRO - C24 - $28k - Gray Dealer offer - $30k
326934BL - C24 - $32k - Gray Dealer offer - $35k

I think dealers are buying up as many as they can leading up to rolex new releases

[ronricks]

Originally Posted by thenewrick

If you want to know what a watch is worth, ask DavidSW for a sell value. They will email its worth to you. Then you'll know and won't have to go by rumors "C24 listings"

Um, no. The value is what someone is willing to pay for it in a Private Sale not to a Grey who is going to low ball so they can make a profit.

[rolexpatek363]

Originally Posted by m j b

It's not so easy selling a $20K+ watch especially if you're a first time seller and have no sales feedback history.

The easiest way is to put it into a specialist watch auction.

[gerry100]

High Internet prices are a way to entice you into a contact followed by a negotiation.

Easy to negotiate down than up

[rolexpatek363]

Originally Posted by gerry100

High Internet prices are a way to entice you into a contact followed by a negotiation.

Easy to negotiate down than up

Nonsense. Check for yourself real values realised at auction. Read 'em and weep (or rejoice if you are me).

https://www.phillips.com/auctions/auction/NY080121

[Rori]

All Rolex watches are steadily increasing. The SD43 is now listed between 18 and 19K now.


Sent from my iPhone using Tapatalk

[febie111]

Originally Posted by rolexpatek363

Check for yourself real values realised at auction. Read 'em and weep (or rejoice if you are me).

https://www.phillips.com/auctions/auction/NY080121

Damn,$94.5K USD for a 2018 unworn Hulk,it seems unbelievable... Are these "'sold" prices plus the Auction house commission?

[BigTasty]

Originally Posted by rolexpatek363

Nonsense. Check for yourself real values realised at auction. Read 'em and weep (or rejoice if you are me).

https://www.phillips.com/auctions/auction/NY080121

They were spot on with them estimates weren't they??

[Rado63]

The problem with this speculative Rolex market, is I don't know if I should wear the watch, or maintain it unworn for resale.

[77T]

Originally Posted by Rado63

The problem with this speculative Rolex market, is I don't know if I should wear the watch, or maintain it unworn for resale.

That all depends upon your predominant reason for buying it.

If you’re even 50.000001% leaning toward “I wanted a Rolex to wear it”, then do that. By the time you tire of it, this market could be much different.


Sent from my iPhone using Tapatalk Pro

[rolexpatek363]

Originally Posted by febie111

Damn,$94.5K USD for a 2018 unworn Hulk,it seems unbelievable... Are these "'sold" prices plus the Auction house commission?

It's not just Rolex, prices on many other top brands have gone berserk.

[Roli4life]

Congrats! I think you’re pretty safe if you keep it.