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26 December 2018, 07:24 PM | #31 |
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I'm with you! But I tried this approach on an earlier thread and nobody agreed with me. A x300 mark up is not normal market practice.....and as someone else pointed out above, the vendor is probably in bits over this....and they are part of the watch community too.
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26 December 2018, 08:07 PM | #32 | |
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The seller has no doubt obtained these parts by effectively getting them free from the owners (sure I read he was a watch repairer selling off loads of lots) watches when he’s swapped them out for new ones. Some might say they should have been returned to their owner? So why should the seller benefit from it anyway? If we want to start back tracking and reimbursing previous owners then surely we should track down the owners of the original inserts that paid rrp for them back in the day? Or maybe the new owner of the watch that the insert belongs to? So here’s irony for you... due to the nature of this beast the person willing to pay £20k for one of these original inserts could well be buying what’s rightfully his, could have even come from the same watch from when it was swapped for a normal sub insert 25 years ago! Yep I feel a bit for the seller and he probably is a bit sick but should we then feel even more for the previous owner? But this logic could extend to every vintage Rolex. Don’t hear people moaning about all the £100k subs & daytonas with the same jealousy. What about the previous owners that sold them for buttons? What about one of the old owners of a Van Gogh painting? What about the first owner of my house (that’s now worth 4 times it’s current value) |
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26 December 2018, 08:24 PM | #33 | |
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26 December 2018, 08:27 PM | #34 |
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26 December 2018, 08:55 PM | #35 | |
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Right ok... And where exactly does the ‘Concept of fairness’ end? Because you’re suggesting the seller is getting a bad deal here BUT what about the previous owners of the parts? If this seller was some sort of repairer and those inserts were acquired from other people’s watches, why should he benefit? If that was the case he probably shouldn’t have them anyway and some might say benefiting £387 from other people’s parts is not fair. What about if this story had a different start? Let’s just imagine the auction went for $150,000 would you be on here saying “it’s not fair” that the previous owners of those parts aren’t getting a share? |
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27 December 2018, 11:05 AM | #36 | |
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Sent from my SM-G920V using Tapatalk |
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28 December 2018, 11:07 AM | #37 |
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Crazy story but all is fair in the world of auctions. By the eBay description, the seller didn’t even know they were Rolex parts - thought they were Omega.
Anyone know how long after the sale ended did the seller realise? He might not have posted it... but by these previous post, im guessing he did |
28 December 2018, 05:46 PM | #38 | |
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The buyer has posted alternative pics so I’d imagine he was savvy enough to wait til he had them before asking. |
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29 December 2018, 03:29 AM | #39 |
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29 December 2018, 04:58 AM | #40 |
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All I have to say...the seller knows where you live;)
Sometimes it pays to be nice but I do agree you did nothing wrong. Congrats! |
29 December 2018, 10:57 AM | #41 | |
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I agree. The parts looked like crap in the auction photo, I think he took a gamble and won. I don’t think he owes anyone anything. I think assuming they will all sell for full retail with most of the people willing to purchase them knowing what he paid is probably a bit foolish. Maybe I am wrong. I say do your research before listing an odd lot of parts. |
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29 December 2018, 01:43 PM | #42 |
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So, let me get this straight. A guy has an auction on ebay that basically anyone on planet earth can bid on and a guy wins it and finds out it's worth thousands more than he paid for it - and now the winning bidder should feel some form of guilt.
I have to tell you, just when you think you've heard it all! I wouldn't have believed it if I hadn't read it here with my own eyes. To the buyer - take your parts and do what you want. You won it fair and square. There are millions of others that could have outbid you.
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29 December 2018, 01:55 PM | #43 | |
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29 December 2018, 03:12 PM | #44 |
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Needle in a Haystack!
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✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron. |
29 December 2018, 03:50 PM | #45 | |
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I bet there are some Green eyed monsters here . |
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29 December 2018, 09:26 PM | #46 |
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I feel for the seller but he is a watch repair/dealer so should have known better really, as for the buyer then very well done, lots of experts out there hunting MilSub parts but something as in your face and obvious as this just passes by with a few bids..
I do feel the buyer though is holding the sword of damocles, I cant see this will be a straight sell on profit without some kind of backlash.. |
29 December 2018, 10:32 PM | #47 |
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If a seller is not willing to make the investment in determining the value of what he’s selling then he has no recourse. He sets the start price and reserve (if used), not the buyer.
I just read about someone getting a two tone ladies Rolex here for 12GBP... not the same? Yes it is. Seller did not invest to check the item and was happy to take nothing for it. I purchased my 1978 9411 well below market at the time. Pictures were poor and seller didn’t communicate when I asked questions. I ended up winning and it was completely original. 702 crown and all. That was my “big score”. This is why it is important, as both a buyer and seller, to educate yourself. |
29 December 2018, 11:30 PM | #48 |
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Wow. Wow . Wow.
Reminds me of an eBay auction around 10 years ago. It was a cheap toy lot with a limited description and some pics. Only one person noticed an extremely rare loose Glassite Star Wars Droids Vlix action figure. Glasslite was making & distributing official Kenner Star Wars toys in Brazil during the late 1970s - 1980s. The prices paid for these are insane (5 digits) depending on condition. I love the Vintage, Ref and Tech Sub-forums here. So many interesting stories not involving ?s like what is the better college savings fund : SS BLRO vs. SS Daytona. |
1 January 2019, 07:56 AM | #49 |
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It's the whole basis of stock trading.
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