$150,000 in parts for under $500 !!

[cardiel]

Originally Posted by rootbeer7

Chaps, I’m far from a saint. But, I genuinely couldn’t sleep thinking I’d taken advantage of someone. I think the key here is the value. It’s potentially life-changing sums. Anyway, it’s all hypothetical, because it didn’t happen to me!!

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.

[uncleluck]

Originally Posted by cardiel

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.

But let’s flip that around.

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)

[cardiel]

Originally Posted by uncleluck

But let’s flip that around.

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)

I disagree. There is simple concept of fairness. Was the deal fair? It may have appeared fair.....£300 quid for some old watch parts.... But thats not the whole story.....the story is much bigger than that. I'm not expecting anyone to agree, just that they pause and consider........

[Paulie 50]

Originally Posted by rootbeer7

I’d feel awful if I’d knowingly ‘stolen’ these parts. I would absolutely work with seller and come to an arrangement.

How naive; what about Caviat Venditor. Let the seller beware.

[uncleluck]

Originally Posted by cardiel

I disagree. There is simple concept of fairness. Was the deal fair? It may have appeared fair.....£300 quid for some old watch parts.... But thats not the whole story.....the story is much bigger than that. I'm not expecting anyone to agree, just that they pause and consider........

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?

[BrazenC5]

Originally Posted by uncleluck

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?

The opposition to the argument uses emotion over logic, I generally don't waste time arguing the logic with someone coming from the emotional perspective. The two will never agree.

Sent from my SM-G920V using Tapatalk

[alwayshere]

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

[uncleluck]

Originally Posted by alwayshere

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

Ask the guy I quoted.

The buyer has posted alternative pics so I’d imagine he was savvy enough to wait til he had them before asking.

[964RS]

Originally Posted by uncleluck

The buyer has posted alternative pics so I’d imagine he was savvy enough to wait til he had them before asking.

He was. He’s a big poster on RWG a replica/fake Rolex watch forum and was boasting about it there...but then deleted his threads also.

[eco8gator]

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!

[tekno]

Originally Posted by cascavel

If every time you bought something at auction you had to reimburse the seller for the difference between what you paid and what the lot was worth, who would bother? Commerce would crawl to a halt and we'd be back in the dark ages.

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.

[springer]

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.

[alwayshere]

Originally Posted by springer

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.

agree. Probably the biggest / craziest find of 2018 in the world of vintage rolexes

[BNA/LION]

Needle in a Haystack!

[scooba]

Originally Posted by springer

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.

And there you have it . I am with JP on this .

I bet there are some Green eyed monsters here .

[murkeywaters]

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..

[J!m]

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.

[jaisonline]

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.

[Speedbird-1]

It's the whole basis of stock trading.