Alvin is a nice guy...but the lady tat used to work for him at far east plaza seem to have a attitude problem toward me...maybe due to the fact that i dun look like the big buyer type...and secondly i always looking at the 6694 and nothing else...hahahaha.....
Courage is what it takes to stand up and speak
Courage is also what it takes to sit down and listen
i never blame him, and unless the dealer has very high and fast turnover, he will be forced to offer you the price that you have been offered.
Just think of it this way..... you buying a gmtII for 8k, and expect to sell for 10k. assuming that it cost you $100/wk to maintain the space for that particular watch, you only have 20 weeks before you hit cost overrun. ie. the price you pay + holding costs = selling price.
Anything after that, you are losing money.
That is why dealers offer you something much lower....... say 4.5K that way, if their turnover not very fast, they still have room to play. If they move stock in quick succession, say, within one month, then they make money.
[U]Currently wearing[/U]:
[SIZE="1"]TT Datejust with diamond dial - sold!
Blue 6694
Seiko SD-lookalike[/SIZE]
[U]"My collection"[/U]:
[SIZE="1"]Blue 6694; TT DJ w diamond dial.[/SIZE]
Alvin is okie lar....u ought to try the lady that work for him....reali a monster...sell 6694 at 1600 but take in 6694 at 950...gosh.....
they have their reasons for offering you $950. first of all, they have to spend time touch up.... that would set back about $100, then you have to keep in mind that, what he buy today, he wont sell today, therefore everyday that he bring in/out of the safe and display in his shop, it cost him (for arguement sake) $100/wk..... per piece.
you will be quick to see that the price of $950, actually not being worth it for him.
factor in interest rate, for the time that the $950 would have earned him if he left it in the bank.
Its quick to see that he may be living hand to mouth. This goes for ANY business, you buy something, markup and hope that you can sell within 30-60days.
For a shop to take in your 6694, he would have to be quick to sell it within 45days, otherwise he will reach his breakeven point, and very fast this watch will be a burden to him.
[U]Currently wearing[/U]:
[SIZE="1"]TT Datejust with diamond dial - sold!
Blue 6694
Seiko SD-lookalike[/SIZE]
[U]"My collection"[/U]:
[SIZE="1"]Blue 6694; TT DJ w diamond dial.[/SIZE]
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