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Old 18 May 2012, 12:53 PM   #1
Tudor66
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Join Date: Aug 2011
Real Name: Al
Location: California, USA
Watch: GMT- Pepsi
Posts: 3,462
Advice needed: issue with a store

Hello,

I had a minor issue with a store that was selling my Rolex 16800 for me via consignment. Please let me know if I am not seeing this situation correctly.

The store offered to sell my Rolex for me via consignment for 4,300 - 200 fee = 4,100 net to me. I had purchased this watch from them last year for 4,100.

I went back today to check out my old Rolex, and I noticed their price tag was listed at 5,900 dollars. When I asked, they said that used the higher price as a starting point, and they considered the costs of financing, etc... The real question is this, had they sold it for let's say 5,000, would they have paid me 4,100, or 4,800. I suspect I would have only received 4,100.

I will never find out, as I decided to bring the watch back home, and effectively end their consignment opportunity. My wife saw me wearing the Sub when I get home, and said, "hey, that's nicest one you have, don't sell that one, I like it."

Enough said, watch is back in rotation. Everyone is happy.
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