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23 November 2020, 10:36 AM | #31 |
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I think alot of our members have a unrealistic idea of what they should receive for their watches for trade in. You cannot just look at Chrono24 or eBay and expect you should get that for yours.
I sell on ebay and at a few shows. I figure there is about 25% cost in selling fees either way. And I am a one man show, with no store front. Govberg, has 2 storefronts and 27 employees listed on there website. Furthermore they offer a 2 year warranty, so I assume they have their watchmakers at least oil if not service the watch. That is an additional cost that I do not think the watch owner that is trading in his watch in considers. Then there is loss, from theft, accidents and the occasional lost mail. Not to mention their free shipping, that is added into the cost of the watch. The cost of carrying inventory. Some of the watches just will not move, and eventually they will take a loss on them. Not all of these watches sell instantaneously. Then there is their wholesale purchase prices. Typical wholesale direct from manufacturer for high end watches is what 60%. And you are expecting to get 80%? Unless it is a watch that they already have sold before it comes in the door, it does not surprise me that their offer is 50% of retail. Why deal in used watches that inherently have more problems if the profit margins is less than new watches. After all the costs and risks, are they allowed to make a profit? |
23 November 2020, 11:54 AM | #32 |
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I also take it to be the cost of convenience and not dealing with scammers and constant lowball offers.
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23 November 2020, 01:21 PM | #33 | |
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23 November 2020, 05:41 PM | #34 |
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25 November 2020, 05:02 AM | #35 |
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They're prices are high but you're buying from a well oiled machine
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25 November 2020, 05:19 AM | #36 |
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In the US Market, I would say Watchbox and EWC (Boston) are the two largest and most reputable retailers for pre-owned Patek.
Places like DavidSw have a large Rolex inventory, but I have never seen more than 10 Pateks in his online inventory. If you look at Watchbox, they often have GCs or MRs in their inventory that some of the small retailers won't touch because of the price of the watch and the small market for these items. |
25 November 2020, 01:25 PM | #37 | |
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Quote:
https://www.madisontimewatches.com/ |
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25 November 2020, 03:07 PM | #38 | |
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Richard Mille RG RM030 || Richard Mille RM72ti || AP 26240 50TH Green Royal Oak Chrono || AP Royal Oak Blue JUMBO SS 15202ST || AP ROO Diver Green 15720ST || ♕ Rolex Platinum Daytona Diamond 116506 || Cartier Santos |
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27 November 2020, 10:20 AM | #39 |
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bought two GC from max at keystone.com
reasonable price incredible condition Madison time very good too. |
27 November 2020, 07:44 PM | #40 | |
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If it was a 36mm, quartz, Omega Diver 300 with no box and papers, from 1994, then $2k is a strong offer! |
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27 November 2020, 10:37 PM | #41 |
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28 November 2020, 02:32 AM | #42 |
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You didn't say that in your post at all. Who knew which version
That being said, it's an Omega. They are soft. Best Dealer Bid on this I've seen is $2700.00 about a year ago. There are a zillion of them out there without the demand to balance supply. If you managed to sell it for more, you did well. |
28 November 2020, 02:44 AM | #43 | |
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28 November 2020, 05:25 AM | #44 | |
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Real Name: Jim
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Watch: 116500 116518LN
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Quote:
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Remember what matters. Value everyday |
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28 November 2020, 05:27 AM | #45 | |
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28 November 2020, 05:39 AM | #46 |
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Reseller needs some margin, and that’s amplified the cheaper the watch percentage wise. That’s why cheaper stuff I sell myself, bigger ticket stuff I don’t.
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28 November 2020, 06:47 AM | #47 |
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went to the diamond district to inquire about selling a seamaster planet ocean. they said low 3s at most for it. they buy them at like 40-50% msrp new and get barely any profit on them, even less for preowned obviously. it is what it is when dealing with omegas lol
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28 November 2020, 07:31 AM | #48 | |
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We have 25 of these and don’t need another Or F off Either way, I did way better. This was like 18mos ago before their value plummeted even further and way more are out there. |
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28 November 2020, 07:34 AM | #49 | |
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29 November 2020, 04:03 PM | #50 |
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Posts: 281
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I have purchased several high dollar items from Govbergs over the years. They have all been new though. I dealt directly with the sales manager George Meyer without any issues at all. I do believe that it is harder to get desirable pieces from them lately though!
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29 November 2020, 10:57 PM | #51 |
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Location: Buffalo, NY
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I always find it interesting that they have so many 'used' pieces that are only a few months old and unworn..... and they happen to be of the brands they are also AD for.
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30 November 2020, 12:43 AM | #52 | |
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I’ve yet to personally see an in-production preowned watch sold by watchbox that has a Govberg-stamped warranty card. Not saying it doesn’t happen, I just wouldn’t make presumptive statements like this without evidence/data to back it up . Just my 2 cents. Sent from my iPhone using Tapatalk Pro |
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