Selling Watch to Preown Shop

[triton]

I prefer my watches to come with boxes & papers ...

i second that especially if it is pre-owned.

even for vintage pieces?

[Oceanklassik]

Oh I'm simpler. I only go for new...

[seadweller]

personally

If i wish to sell later on i will try to get for:

Older vintage timepieces
Watch
Paper (adds value liao)
Box especially if they are the hard to find kind

Current sports models
Watch
Paper
Boxes (can still source if you want so no probs)

DJ or daily beaters
Watch
A very very good discount can already
Box and papers also no pint cos you will never use them mah...

[116520]

Got of course good lah, don't have also nevermind....

[oasisash78]

Selling of your Rollies to Preowned Watch Shop?

Anyone has any experience in selling off their used rollies to any preowned watch shop in Sg? Do they offer reasonable prices?

I'm looking to trade my GMT II and EXP II to fund my next purchase (IWC BP 5004).

Thanks.

[Ender]

Anyone has any experience in selling off their used rollies to any preowned watch shop in Sg? Do they offer reasonable prices?
I'm looking to trade my GMT II and EXP II to fund my next purchase (IWC BP 5004).
Thanks.

why don't you consider selling them on sg-roc's rolex garage?
you will probably get a better price (and lots of lowballs) too...

[edsonchan]

Koh Enterprise located at People's Park Centre.

Bronze Age at Chinatown Point

They are honest with the prices.

Unless your watch is a hot item otherwise, don't waste time selling at the garage. Some buyers offer even lower prices than the pre-own shops.

[Oceanklassik]

Yes, I did (attempt). Your term, "reasonable", is highly subjective. For example, if you bought your watch at $6k, and pre-own watch dealers/shops offer to buy from you at $3.9k-$4k (one-yr-old+full set+99% new). Is this reasonable? They will probably resell it at $5k-$5.5K. Is this "reasonable" for you? Definitely not for me. It is how much you are willing to let go. Or should I put it, how much loss you want to accept.

One way is to try and sell on your own and the online forums is one avenue. Another is a combination of both, ie shop and online. The least hassle and most loss is to conveniently sell to the shops.

Good luck!

[edsonchan]

Must think of the time used to sell this watch as well.

This is especially true for old or unpopular models, it might take a month or 2 or even longer to sell off a ....maybe 62873 with loose bracelet - no box, no paper.... on the garage. if you want to sell at $3.2K.

You bring to pre-owned shops, can get cash immediately maybe $3k. The watch dealer will service the watch and sell of at a higher price. They don't just sell the watch immediately.

The time to sell on forum, the SMS, the hassle of makings trips to meet up... etc... is not worth the $200 in my opinion

For newer and popular model, e.g Sub, SD, Explorer... it is defintiely worth the effort to sell it off on the garage because the shops take in at a very very low price and the difference can be almost 2k.

[triton]

another option to consider is do it on consignment piece.

you need to discuss with watch dealer on the fees.

[triton]

if u sell privately compared to a dealer, the price difference maybe anywhere between 500-1000. safe estimate.

why? this is because it depends on

1) condition of watch
2) last service date
3) box and papers availability

do note that when u sell the watch to a second hand dealer, you get cash immediately. the dealer has a shop front, so the dealer has to make some money to cover the cost of rental & a profit for the dealer

also current market condition do not favor the watch model you have to trade/sell.

one suggestion is use the search function in advanced mode and use keywords such as

1) Explorer II or GMT II
2) isolate your search in the SOLD section and/or Rolex Garage section, with this, you can look and the price sold or being asked for.

do note that the price is just INDICATIVE as no one can authenticate the actual transacted price. use this as a gauge and post it here to sell for say 1 month.

if your asking price is not met, then review your pricing. if you feel that the asking price is reasonable, you may then pop by the preown shops.

before you reach the preown shops, have a price you want to sell. never tell them your asking price first. ask them to quote. move between 3-4 preown shops and you will have the price that they will trade with you.

[oasisash78]

Thanks for all the replies. I'm kinda doing a "research". Currently I'm in the US , will be back in Jan 10. Will posted some threads online to try and sell them off. The watches come with full boxes and certs. They are daily beaters. Hence they ought to be some fine scratches on them, nothing that a polish can remove. The GMT II is worn by my dad now, while I'm wearing the EXP II. Really tempted to buy the IWC BP now as I found a good deal on line.

[Oceanklassik]

You may consider trying to sell them here in the forum first and see how it responds. Read the rules on selling it here and you may get lucky .

Good luck, dude!

[ah_benz]

Why Not check the prices that Dealers quote you and you probably advertise in online garage, advertise it little bit more above dealer's price? You sell at slight higher price, and end user buy it lower than dealer's advertising price.

my 2 cents opinions. :>

[adrian28]

Preown shop will be taking your watch at a much lesser value...

Try selling online should be a better option...