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dbelle7 · 19 June 2012, 05:18 AM

Greatly appreciated, Greg!
Thank you

Mosco · 19 June 2012, 05:21 AM

Quote:

Originally Posted by wantonebad

Do you do much with Tudor, are you planning to do more if/when they come to the U.S.?

Really depends on availability. Odds are, I'll be referring folks to our own DavidSW.

Quote:

Originally Posted by dbelle7

Greatly appreciated, Greg!
Thank you

My pleasure :)

Cru Jones · 19 June 2012, 05:31 AM

Not really a "grey" market question, but, there was a pre-announcement on the boards concerning the last of the classics that was announced AGES ago. What's up with that??

Just kidding! This has been a great read. Looking forward to learning a lot.

ally · 19 June 2012, 06:13 AM

Quote:

Originally Posted by Mosco

1)

It is inevitable that you will make mistakes in this business, my advice is - don't make the same mistake twice.

)

Thanks Greg guess mistakes are all part if the learning curve

Brunotheboxer · 19 June 2012, 06:25 AM

A Top notch thread by a class act.

Nothing more to add.

Numismatist · 19 June 2012, 06:26 AM

How often do you deal with people wanting to trade instead of outright buy?

snowbird · 19 June 2012, 06:27 AM

Quote:

Originally Posted by Mosco

That is absolutely correct, to protect the sources.

IMO, Ball Watch Company is the best for the money. I am doing a closeout for them and not one has come back with any sort of mechanical issues.

Thanks, I appreciate it.

Mosco · 19 June 2012, 06:35 AM

Quote:

Originally Posted by Numismatist

How often do you deal with people wanting to trade instead of outright buy?

On TRF, or anywhere else?

HL65 · 19 June 2012, 06:45 AM

Greg my man--great thread and great idea!!

Timber Loftis · 19 June 2012, 07:01 AM

Greg, in your experience, are grey watches offered up FS on the forums offered at a reasonable price or one that is higher than expected, with anticipation of negotiation downwards?

The reason I ask is because I often find watches being offered up from a grey at a cost that is similar to or or only a slight discount from what I would expect from a reasonable AD. Rather than even bother with trying to talk to those sellers, I just ignore them. I don't know what sort of lowball offers you guys tolerate on a daily basis, but from a buyer's point of view I see an awful lot of too-high asking prices.

Boothroyd · 19 June 2012, 07:14 AM

For those of us who have only purchased from BNIB from AD's, will you normally size the bracelet for the customer if they provide wrist size, or is all such modification the responsibility of the buyer once in receipt of the watch?

RockinIt · 19 June 2012, 07:33 AM

Could you go into detail of the valuation of a used watch?

Mosco · 19 June 2012, 07:33 AM

Quote:

Originally Posted by Timber Loftis

Greg, in your experience, are grey watches offered up FS on the forums offered at a reasonable price or one that is higher than expected, with anticipation of negotiation downwards?

The reason I ask is because I often find watches being offered up from a grey at a cost that is similar to or or only a slight discount from what I would expect from a reasonable AD. Rather than even bother with trying to talk to those sellers, I just ignore them. I don't know what sort of lowball offers you guys tolerate on a daily basis, but from a buyer's point of view I see an awful lot of too-high asking prices.

Jon,

every dealer is different. Some work-in "fudge room," while others stay fairly trim. Plus, it really depends on the piece in question.
For me personally, if I can't sell at a worthy discount from an AD (assuming piece is available via retail), I don't buy it.

Quote:

Originally Posted by Boothroyd

For those of us who have only purchased from BNIB from AD's, will you normally size the bracelet for the customer if they provide wrist size, or is all such modification the responsibility of the buyer once in receipt of the watch?

Why wouldn't I? I can work a screwdriver

Mosco · 19 June 2012, 07:34 AM

Quote:

Originally Posted by RockinIt

Could you go into detail of the valuation of a used watch?

too vague of a question.

cedargrove · 19 June 2012, 07:39 AM

Great thread idea. A lot of the questions I have are already answered, but I will watch the thread and probably think of some more questions.

Mosco · 19 June 2012, 07:44 AM

The inevitable began, with people looking for ulterior motives for me starting the thread. Just been accused (in private) of 'shilling' for my Ball inventory by the post I made earlier. Please let me assure, it isn't so.

The notions that I stock few pieces of this brand and stating that it is a stellar product are related, naturally. I want to sell watches, not take on a servicing nightmare. It's just logic.

Pep04 · 19 June 2012, 07:52 AM

Quote:

Originally Posted by Mosco

The inevitable began, with people looking for ulterior motives for me starting the thread. Just been accused (in private) of 'shilling' for my Ball inventory by the post I made earlier. Please let me assure, it isn't so.

The notions that I stock few pieces of this brand and stating that it is a stellar product are related, naturally. I want to sell watches, not take on a servicing nightmare. It's just logic.

WOW!!!!!

Talk about ungrateful people. I hate people sometimes. Maybe it was the crazy Monday I had or just reading this, but I hate to see how jealous and ridiculous people are. If you don't like the thread, move along.

I cannot tell you how many threads here are, in my opinion, silly. I read the first post or so, if it is not to my liking I move along. The audacity that this person has to actually send you a private message like that is appalling to me.

Don't let it sway your good intentions Greg. Thanks for this thread.

Pep04 · 19 June 2012, 07:54 AM

What is the old adage? Opinions are like some sort of body part and everyone something something???

Mine above opinion included!

perpetualman88 · 19 June 2012, 08:09 AM

Quote:

Originally Posted by Mosco

The inevitable began, with people looking for ulterior motives for me starting the thread. Just been accused (in private) of 'shilling' for my Ball inventory by the post I made earlier. Please let me assure, it isn't so.

The notions that I stock few pieces of this brand and stating that it is a stellar product are related, naturally. I want to sell watches, not take on a servicing nightmare. It's just logic.

WOW let me say Greg is one of the most stand up guys and would not compromise his professional opinion in order to sell inventory.

Ball watches are great pieces and don't need his endorsement to sell

Saxon007 · 19 June 2012, 08:10 AM

This is a terrific thread, thanks for posting it.

And to my question: Do you sell more watches through the forums or through ebay? It seems like ebay would reach many more people than posting on forums but would be a more painful and expensive way to sell. On the other hand, people on a watch forum seem more likely to buy an expensive watch. Which works best for you?

Boothroyd · 19 June 2012, 08:18 AM

Quote:

Originally Posted by perpetualman88

WOW let me say Greg is one of the most stand up guys and would not compromise his professional opinion in order to sell inventory.

I appreciate the thread, as I am sure 99.99% of the other members (and mods) do as well.

Note that Greg invited other resellers to comment freely on this thread as well.

DAVIDSW · 19 June 2012, 08:45 AM

Good thread Greg....

I will try to chime in...

Welshwatchman · 19 June 2012, 08:49 AM

Quote:

Originally Posted by Mosco

The inevitable began, with people looking for ulterior motives for me starting the thread. Just been accused (in private) of 'shilling' for my Ball inventory by the post I made earlier.

Does that mean you're not going to send me one to keep my mouth shut?

Welshwatchman · 19 June 2012, 08:50 AM

Quote:

Originally Posted by DAVIDSW

Good thread Greg....

I will try to chime in...

I think you may have just opened a door that can't be closed, David.

A.J.R. · 19 June 2012, 08:53 AM

Thanks for the thread, thus far it has been informative.

I know you can only speak for yourself, but is the price you list in a for sale thread the rock bottom price or is there room for more price negotiation? You can PM me the answer if you do not want it public.

HL65 · 19 June 2012, 09:08 AM

Quote:

Originally Posted by Welshwatchman

Does that mean you're not going to send me one to keep my mouth shut?

Didn't you get yours yet Paul?

sleddog · 19 June 2012, 09:12 AM

Oh boy Greg....You've opened a large can of worms here my friend!!!

hsfrank · 19 June 2012, 09:17 AM

Quote:

Originally Posted by perpetualman88

great idea/ gesture greg I look forward to following this thread :)

Quote:

Originally Posted by perpetualman88

WOW let me say Greg is one of the most stand up guys and would not compromise his professional opinion in order to sell inventory.

Ball watches are great pieces and don't need his endorsement to sell

x2
Here's my question. I know that Jewelers have a grey sheet for diamonds that give. standart wholesale prices for each type . Likewise for coins. Anything similar for watches?
As a corollary ,I can attest that it is virtually impossible to beat a dealers pricing on coins even if you buy it less than sheet. They just don't appreciate that much. Certainly the exception would be the extremely rare and expensive coin. Is the same true for most watches, so we can dispel the investment myth.

Mosco · 19 June 2012, 09:18 AM

Quote:

Originally Posted by Pep04

What is the old adage? Opinions are like some sort of body part and everyone something something???

Mine above opinion included!

Thanks Pepto

Quote:

Originally Posted by perpetualman88

WOW let me say Greg is one of the most stand up guys and would not compromise his professional opinion in order to sell inventory.

Ball watches are great pieces and don't need his endorsement to sell

Appreciate the voice of reason

Quote:

Originally Posted by Saxon007

This is a terrific thread, thanks for posting it.

And to my question: Do you sell more watches through the forums or through ebay? It seems like ebay would reach many more people than posting on forums but would be a more painful and expensive way to sell. On the other hand, people on a watch forum seem more likely to buy an expensive watch. Which works best for you?

Ebay constitutes about 20% - 25% of my sales. Vast majority comes from referrals and repeat clients

Quote:

Originally Posted by Boothroyd

I appreciate the thread, as I am sure 99.99% of the other members (and mods) do as well.

Note that Greg invited other resellers to comment freely on this thread as well.

Hey, I know far from everything.... :)

Quote:

Originally Posted by DAVIDSW

Good thread Greg....

I will try to chime in...

Saw you edit the post

Looking forward to your input, as I am sure many others are as well.

Quote:

Originally Posted by Welshwatchman

Does that mean you're not going to send me one to keep my mouth shut?

Quote:

Originally Posted by A.J.R.

Thanks for the thread, thus far it has been informative.

I know you can only speak for yourself, but is the price you list in a for sale thread the rock bottom price or is there room for more price negotiation? You can PM me the answer if you do not want it public.

No worries, I have nothing to hide

Just a hint that applies to my FS posts specifically - look for the wording. If I say "asking price - $*****" then I have some room between where I bought and what the fair market sales value is. If I say "priced at $******" - then I have minimal (if any) room to negotiate. Keep in mind, a trade is always a good way to bring buyer's and seller's ideal numbers closer together.

Mosco · 19 June 2012, 09:32 AM

Quote:

Originally Posted by hsfrank

x2
Here's my question. I know that Jewelers have a grey sheet for diamonds that give. standart wholesale prices for each type . Likewise for coins. Anything similar for watches?
As a corollary ,I can attest that it is virtually impossible to beat a dealers pricing on coins even if you buy it less than sheet. They just don't appreciate that much. Certainly the exception would be the extremely rare and expensive coin. Is the same true for most watches, so we can dispel the investment myth.

There is nothing as defined as a jeweler's sheet or coin pricelist. Other than the retail pricelists, of course. But those are just a point of reference, as some brands trade at 90 - 100% of the retail or "list', while others at 12-15%, or 'cents on the dollar'.

Watch as an investment is not a myth, but it usually is not a quick flip type of scenario. Plus it does not apply to all models of any given brand - we can all agree that SS Subs retain better value than TT Oyster Perpetuals, for instance. Just watch the market, all brands have their 'front-runners'. Too many to list, of course - but name a brand and I will do my best.

Quote:

Originally Posted by sleddog

Oh boy Greg....You've opened a large can of worms here my friend!!!

No worries, I am glad to answer questions when I have the time :)

19 June 2012, 06:26 AM	#66
Numismatist "TRF" Member Join Date: Nov 2007 Real Name: Chris Location: Camden ME & STT Watch: 116600 Posts: 6,350	How often do you deal with people wanting to trade instead of outright buy? __________________ Rolex 116600 Sea-dweller Montblanc Solitaire Doué Black & White Legrand FP Montblanc Solitaire Doué Black & White RB Montblanc Meisterstück Diamond Mozart BP Montblanc Meisterstück Mozart BP

19 June 2012, 06:45 AM	#69
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,009	Greg my man--great thread and great idea!! __________________ *SPEM SUCCESSUS ALIT*

19 June 2012, 07:14 AM	#71
Boothroyd 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Daniel Location: Minneapolis, MN Watch: Wilsdorf(s) Posts: 10,259	For those of us who have only purchased from BNIB from AD's, will you normally size the bracelet for the customer if they provide wrist size, or is all such modification the responsibility of the buyer once in receipt of the watch? __________________ Explorer 214270 MK I/Datejust II Black 116300/Tudor Heritage Black Bay Black 79220N

19 June 2012, 07:44 AM	#76
Mosco "TRF" Member Join Date: Dec 2008 Real Name: Greg Location: Cincinnati Watch: I like to... Posts: 18,567	The inevitable began, with people looking for ulterior motives for me starting the thread. Just been accused (in private) of 'shilling' for my Ball inventory by the post I made earlier. Please let me assure, it isn't so. The notions that I stock few pieces of this brand and stating that it is a stellar product are related, naturally. I want to sell watches, not take on a servicing nightmare. It's just logic. __________________ Instagram - @CaliberSwiss *“A man who procrastinates in his choosing will inevitably have his choice made for him by circumstance.” - Hunter S. Thompson*

19 June 2012, 07:54 AM	#78
Pep04 "TRF" Member Join Date: Oct 2009 Real Name: Pep Location: Miami Watch: GMTIIc, Pam320 Posts: 2,773	What is the old adage? Opinions are like some sort of body part and everyone something something??? Mine above opinion included! __________________ "Beer is proof that God loves us and wants us to be happy." -Benjamin Franklin Prick #8

19 June 2012, 05:18 AM	#61
dbelle7 "TRF" Member Join Date: Jan 2012 Location: wilderness Watch: Everose DD Posts: 1,400	Greatly appreciated, Greg! Thank you

19 June 2012, 05:31 AM	#63
Cru Jones 2024 SubLV41 Pledge Member Join Date: Mar 2010 Location: Paris, France Posts: 35,303	Not really a "grey" market question, but, there was a pre-announcement on the boards concerning the last of the classics that was announced AGES ago. What's up with that?? Just kidding! This has been a great read. Looking forward to learning a lot.

19 June 2012, 06:25 AM	#65
Brunotheboxer Banned Join Date: Mar 2008 Real Name: Bruno Location: Boston/Cape Cod Watch: 16610,PAM. 111, G Posts: 7,608	A Top notch thread by a class act. Nothing more to add.

19 June 2012, 07:01 AM	#70
Timber Loftis "TRF" Member Join Date: Nov 2007 Real Name: Jon Location: Chicago Watch: IIc,DJII,P244,A1-Z Posts: 2,857	Greg, in your experience, are grey watches offered up FS on the forums offered at a reasonable price or one that is higher than expected, with anticipation of negotiation downwards? The reason I ask is because I often find watches being offered up from a grey at a cost that is similar to or or only a slight discount from what I would expect from a reasonable AD. Rather than even bother with trying to talk to those sellers, I just ignore them. I don't know what sort of lowball offers you guys tolerate on a daily basis, but from a buyer's point of view I see an awful lot of too-high asking prices.

19 June 2012, 07:33 AM	#72
RockinIt "TRF" Member Join Date: Dec 2009 Real Name: Mr. Anderson Location: The Dairy State Watch: DDII Posts: 194	Could you go into detail of the valuation of a used watch?

19 June 2012, 07:39 AM	#75
cedargrove "TRF" Member Join Date: Dec 2010 Real Name: Rich Location: Canada Watch: Milgauss, GMT IIc Posts: 3,013	Great thread idea. A lot of the questions I have are already answered, but I will watch the thread and probably think of some more questions.

19 June 2012, 08:10 AM	#80
Saxon007 "TRF" Member Join Date: Nov 2008 Location: Texas Posts: 2,002	This is a terrific thread, thanks for posting it. And to my question: Do you sell more watches through the forums or through ebay? It seems like ebay would reach many more people than posting on forums but would be a more painful and expensive way to sell. On the other hand, people on a watch forum seem more likely to buy an expensive watch. Which works best for you? __________________ Licensed to kill time.

19 June 2012, 08:45 AM	#82
DAVIDSW ⭐⭐⭐⭐⭐⭐ 2024 SubLV41 Sponsor & Boutique Seller Join Date: Oct 2008 Real Name: David Location: Orlando, Florida Watch: 1655 EXP Posts: 36,337	Good thread Greg.... I will try to chime in... __________________ Instagram @dsworlando

19 June 2012, 08:53 AM	#85
A.J.R. "TRF" Member Join Date: Jun 2011 Real Name: AJ Location: Oregon Watch: SUBC, DJII Posts: 1,827	Thanks for the thread, thus far it has been informative. I know you can only speak for yourself, but is the price you list in a for sale thread the rock bottom price or is there room for more price negotiation? You can PM me the answer if you do not want it public. __________________

19 June 2012, 09:12 AM	#87
sleddog TRF Moderator & 2024 SubLV41 Patron Join Date: Jul 2007 Real Name: Rob Location: Nearby. Posts: 24,931	Oh boy Greg....You've opened a large can of worms here my friend!!! __________________ He who wears a Rolex is always on time, even when late!! TRF's "After Dark" Bar & Nightclub Patron-Founding Member..

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