Best place for me to sell a Rolex GMT Master II?

[metsta]

want to sell one of my GMT's and really not keen on ebay, where do you guys sell your high value watches???
this ones a peach with the complete set, boxes, papers, tags the lot and a recent rolex re seal and pressure test.

[yeti]

eBay would be my choice; but insist on prior contact, a face to face transaction and cash on collection.

Or chrono24, but that will cost you and you are competing with a huge selection of watches from all over Europe. If yours isn't the cheapest, why would it sell...

Are you trading in or outright sale? Some delaers give a good p/ex, Hackett Watches and Blowers certainly.

[stuttgartmetal]

watchfinder.
google is your friend

[audidoody]

I'd get quotes off :

Watchfinder
Blowers
Watch Club,
rebeccasjewellers.com
daviddugganwatches.co.uk

They'd all be looking to sell it on upwards of £4,000. So I'd be expecting (and be happy with) a bid of circa £3,500.

I really wouldn't be bothered with the tyre kickers on ebay, especially as you'll be killed on PayPal and ebay fees.

[Jedimindtrix71]

OP, could you let us all know how you get on with this.

Also looking to sell my 2012 3717-01. Trying to avoid eBay like the plague.

Thanks

[PJ S]

watchuseek.com
timezone.com
trf.com
watchnet.com

No doubt there are other watch-specific forums where you can register and place a FSOT or WTB advert.

[yeti]

audidoody said:

They'd all be looking to sell it on upwards of £4,000. So I'd be expecting (and be happy with) a bid of circa £3,500.

If watchfinder are looking to retail it at 4000, they will want to buy it at 2500-2800. I speak from experience, they border on 'sharp practices'.

Any dealer needs to make a profit and preferably a big one. If you can sell privately, the difference will be many hundreds of pounds, possibly a thousand.

[metsta]

yeti said:

If watchfinder are looking to retail it at 4000, they will want to buy it at 2500-2800. I speak from experience, they border on 'sharp practices'.

Any dealer needs to make a profit and preferably a big one. If you can sell privately, the difference will be many hundreds of pounds, possibly a thousand.

Totally agree, I filled out the form and expect a sub £3k bid which isn't happening.

Private sale it's got to be around £3750 I guess. Thanks for comments so far I use trf a fair bit but its quite USA focussed

[Vvroom]

yeti said:

audidoody said:

They'd all be looking to sell it on upwards of £4,000. So I'd be expecting (and be happy with) a bid of circa £3,500.

If watchfinder are looking to retail it at 4000, they will want to buy it at 2500-2800. I speak from experience, they border on 'sharp practices'.

Any dealer needs to make a profit and preferably a big one. If you can sell privately, the difference will be many hundreds of pounds, possibly a thousand.

Spot on. 3 months ago they offered me £900-1100 (subject to inspection) for a mint s/s DJ. Oof.

A pleasure to buy from them though, IMO.

[michael gould]

audidoody said:

I'd get quotes off :

Watchfinder
Blowers
Watch Club,
rebeccasjewellers.com
daviddugganwatches.co.uk

They'd all be looking to sell it on upwards of £4,000. So I'd be expecting (and be happy with) a bid of circa £3,500.

I really wouldn't be bothered with the tyre kickers on ebay, especially as you'll be killed on PayPal and ebay fees.

I don't think they will work on a margin of £500......did you dream that up or have you had experience? Normally a dealer will be looking for 30% mark up from an easy sell.....40% + from a more challenging sale. those prices are based on the dealer buying it in as opposed to SOR where obviously the dealers risk is reduced. From his mark up he has to clean it, maybe service it and guarantee it.

[yeti]

Vvroom said:

A pleasure to buy from them though, IMO.

No argument there

But I'd never trade or sell to them again; more fool me for being desperate for a watch they had, and they knew it

[metsta]

yeti said:

If watchfinder are looking to retail it at 4000, they will want to buy it at 2500-2800. I speak from experience, they border on 'sharp practices'.

Any dealer needs to make a profit and preferably a big one. If you can sell privately, the difference will be many hundreds of pounds, possibly a thousand.

Totally agree, I filled out the form and expect a sub £3k bid which isn't happening.

Private sale it's got to be around £3750 I guess. Thanks for comments so far I use trf a fair bit but its quite USA focussed

[audidoody]

michael gould said:

I don't think they will work on a margin of £500......did you dream that up or have you had experience? Normally a dealer will be looking for 30% mark up from an easy sell.....40% + from a more challenging sale. those prices are based on the dealer buying it in as opposed to SOR where obviously the dealers risk is reduced. From his mark up he has to clean it, maybe service it and guarantee it.

Dream it up? Not really.

30 per cent off £4,900 is £3,430

http://watchclub-px.rtrk.co.uk/w4901/rolex-gmt-mas...

[mwy1964]

I recently sold my Breitling B1 through Watchfinder on a commission sale basis to fund my Omega 2254 hunt..

I originally requested a part-ex price from them against a 2254 they had in stock and the offer was shocking, against an inflated cost of the 2254. Even after a bit of haggling I was still going to be £400+ to the worse.

On a commission basis they sold the watch for £150, plus £50 to polish a small mark out of the clasp. The watch sold within 48 hours, from that point I waited 10 days due to distance selling conditions and the money was paid into my account as they had stated.

Would I buy from them, probably not as their costs seem very top end retail pricing. Would I sell to them, no way their offer was sub 50% of their retail price for a B1, and the watch less than 6 months old from having a full Breitling service. Their commission selling offer was however very good and I received what I expected for the watch and purchased a 2254 from a private collector and was £50 to the better from the transactions.

Be aware that on top of the commission sale price they appear to add service and case/bracelet refurb as standard. This would have added a further £200 to the cost of sale, however they quickly removed the service cost on pointing out the documented Breitling service but charged £50 to polish out a minor mark in the clasp, which I was aware of.. At the end of the day they are offering a 1 year warranty.

I would take a look at the current offer price for similar GMTs on their website, factor in your minimum price plus any service and refurb costs and draw your own conclusion..

Mark

[michael gould]

audidoody said:

michael gould said:

I don't think they will work on a margin of £500......did you dream that up or have you had experience? Normally a dealer will be looking for 30% mark up from an easy sell.....40% + from a more challenging sale. those prices are based on the dealer buying it in as opposed to SOR where obviously the dealers risk is reduced. From his mark up he has to clean it, maybe service it and guarantee it.

Dream it up? Not really.

30 per cent off £4,900 is £3,430

http://watchclub-px.rtrk.co.uk/w4901/rolex-gmt-mas...

you quoted £4000 selling price and a bid of £3500 .....perhaps I misunderstood you

[Stedman]

I'd put an ad up on here to be honest. Can't hurt.

Unless of course you get beaten and robbed for it. Then it would hurt.

[michael gould]

Stedman said:

I'd put an ad up on here to be honest. Can't hurt.

Unless of course you get beaten and robbed for it. Then it would hurt.

your not allowed to

[SimonMaidenhead]

michael gould said:

your not allowed to

Why not? There's a watch and jewellery section in the classifieds. Or are you talking about robbing people?

[audidoody]

michael gould said:

you quoted £4000 selling price and a bid of £3500 .....perhaps I misunderstood you

Nope. I said "They'd all be looking to sell it on upwards of £4,000"

[Ari]

Here you go:

http://www.pistonheads.com/classifieds/non-motorin...