I admit it

[thenewrick]

I think the confusion with many of the posters here is they think they are davidsw and will get the same for their watch as Davisw with no advertising, transaction, or shipping costs.

Reality is the OP could post his on c24 or somewhere and after all is said and done he will probably break even; even though he thinks he’s making 30% profit. That’s my point.

Ppl always like to forget about the nitty gritty details and post a single dollar amount. Like crypto bros who say they made a million on crypto when in reality they probably haven’t even gotten any cash and just watch an app that says up or down.

Get the cash in hand. Figure out actual cost with all taxes and fees included and actually profits after all taxes and fees are included. Those are the numbers people like me find interesting. And if you’re a dealer it doesn’t really count because you’re doing it professionally. Average Joe that might buy and sell one watch every 5 years or so is not the same as a guy who’s flipping 5+ a year.

[rolexpatek363]

Originally Posted by thenewrick

I think the confusion with many of the posters here is they think they are davidsw and will get the same for their watch as Davisw with no advertising, transaction, or shipping costs.

Reality is the OP could post his on c24 or somewhere and after all is said and done he will probably break even; even though he thinks he’s making 30% profit. That’s my point.

Ppl always like to forget about the nitty gritty details and post a single dollar amount. Like crypto bros who say they made a million on crypto when in reality they probably haven’t even gotten any cash and just watch an app that says up or down.

Get the cash in hand. Figure out actual cost with all taxes and fees included and actually profits after all taxes and fees are included. Those are the numbers people like me find interesting. And if you’re a dealer it doesn’t really count because you’re doing it professionally. Average Joe that might buy and sell one watch every 5 years or so is not the same as a guy who’s flipping 5+ a year.

Sorry, but the obvious strategy is to put them into an auction, such as Phillips or Christies, or someone equally well-known. Let the experts sell your watch for you.

[thenewrick]

I’d be curious to know if anyone on the forum has auctioned a normal Rolex. I’m not sure how common that is or what the end result would be like after all the fees and cuts taken out.

I’d say it’s pretty uncommon compared to trading to a Grey or trying to sell privately on eBay or c24 though by a huge margin

[TheWatchmen]

I admit it. These valuation threads, which almost always include a snapshot of a Chrono24 price are tired and old at best, baseless and misinforming at worst.

The fact that I’m wasting time reading the comments and writing this one is a whole other issue.

Next.

[Tensai]

Congrats for the lovely watch, and for congratulating yourself!

[Rexplorer214270]

Originally Posted by Randy9999

I never sell my watches anyway, but I have enjoyed watching the trends of late.

So if you don’t sell, what does it matter about the trend?

[fwhawk]

[QUOTE=febie111;11980386]Damn,$94.5K USD for a 2018 unworn Hulk,it seems unbelievable... Are these "'sold" prices plus the Auction house

I believe those include the Buyer's Premium (which is likely 27.5%). I looked at these prices after the auction and was struck by the fact that in many cases they were much higher than the watches could be purchased for in the currently crazy open market. Since people with the kind of money to bid at auctions like this are pretty shrewd financially, something seems off here.

[nigelUK]

I don't know which is worse . . you paying that much or me selling mine at £9.5k

[Chester01]

Funny. People talk about the premium and well folks pay what its worth to them. Its all slight of hand. If you get more of these and then you become a gray, you can command the full premium. As an individual, you have less leverage. That said, its an homage to the real sub, which was the black version. If someone wants a pastel green sub, well to each their own.

[thenewrick]

[QUOTE=fwhawk;11982364]

Originally Posted by febie111

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

I believe those include the Buyer's Premium (which is likely 27.5%). I looked at these prices after the auction and was struck by the fact that in many cases they were much higher than the watches could be purchased for in the currently crazy open market. Since people with the kind of money to bid at auctions like this are pretty shrewd financially, something seems off here.

Not true about shrewdness.

I spoke with a professional auctioneer and there's many reasons why people overbid on things. It has to do with showing off/getting caught up in the moment/buyers who maybe have no idea what the item is and it's an impulse buy and other reasons. Then there's fees and other things included that make it seem like it sold for more than it did and even then the sales often fall through.

Auctions are the least accurate way to judge value and receiving an actual payment quote is the most accurate. Everything else is rumor and speculation.

[fwhawk]

[QUOTE=thenewrick;11982449]

Originally Posted by fwhawk

Not true about shrewdness.

I spoke with a professional auctioneer and there's many reasons why people overbid on things. It has to do with showing off/getting caught up in the moment/buyers who maybe have no idea what the item is and it's an impulse buy and other reasons. Then there's fees and other things included that make it seem like it sold for more than it did and even then the sales often fall through.

Auctions are the least accurate way to judge value and receiving an actual payment quote is the most accurate. Everything else is rumor and speculation.

Certainly people sometimes overbid at auctions, but not generally repeatedly on lot after lot. As for fees, there is a buyer's premium of 27.5% above and beyond the hammer price. In addition, the seller has to pay a fee which is usually about 10% of the hammer price. Then there are storage fees,, insurance fees,, and sometines other fees..

Essentially for a seller to take home $20,000 on the sale if a watch at auction, there has to be a buyer wiling to pay about $28,000!

I agree with your statement about receiving an actual payment offer. It is the only way to get a feel for market value.

[shockdoctrine]

Originally Posted by rolexpatek363

Sorry, but the obvious strategy is to put them into an auction, such as Phillips or Christies, or someone equally well-known. Let the experts sell your watch for you.

sorry to burst your bubble but phillips or christies are not going to take your run of the mill rolex. those pieces are in auction from sellers who have provided some centerpieces/rarer pieces that make up the auction. example: you want to auction your 6365, your 6542, etc. you also have a new hulk to auction. the house will take them as a package. if you just have a hulk, and you tell them to auction it, not gonna happen

[edisonstar23]

Originally Posted by donas

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.

What % below going market rate were you offered? From what I've seen Gray Market dealers like to work with 15% percent margin.

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?

Thats nonsense, want to have an idea of current market price?, use this website https://watchcharts.com/ and see actual online sales and current listings.

[rolexpatek363]

Originally Posted by shockdoctrine

sorry to burst your bubble but phillips or christies are not going to take your run of the mill rolex. those pieces are in auction from sellers who have provided some centerpieces/rarer pieces that make up the auction. example: you want to auction your 6365, your 6542, etc. you also have a new hulk to auction. the house will take them as a package. if you just have a hulk, and you tell them to auction it, not gonna happen

Have a look at this, and thanks for your advice btw.

https://www.phillips.com/detail/rolex/NY080121/35

[Harry-57]

Congratulations.. If you really wanted the watch and you had the means to buy it, screw the value and enjoy it.

I paid over MSRP for mine in 2018. Wanted it, obsessed about it, couldn't get listed, got it, love it. The only thing about it's present value which impacts me is that I can feel uncomfortable wearing it in some situations and tend to wear it less, which is a pity.