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quakeroatmeal · 26 May 2022, 01:28 AM

I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit.

Pretty crazy! Especially since not long ago they merged with Crown and Caliber.

Anyone else get this message?

Yellowfury · 26 May 2022, 01:32 AM

Lol store credit. The GameStop of the watch industry.

Screwly · 26 May 2022, 01:35 AM

Nobody wants to catch a falling knife

prnceofpersia23 · 26 May 2022, 01:36 AM

Not really the time to sell anyway.

alphadweller · 26 May 2022, 01:37 AM

Store credit, wow. Is the correction about to turn into a crash? I wonder

.

quakeroatmeal · 26 May 2022, 01:37 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

LOL Good one

101031-28 · 26 May 2022, 01:45 AM

Quote:

Originally Posted by Screwly

Nobody wants to catch a falling knife

Agree

JayHantz · 26 May 2022, 01:46 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

HA!

Turbo Racer · 26 May 2022, 01:46 AM

Wow. Interesting times.

MR.SEBS · 26 May 2022, 01:47 AM

Thank you for sharing, I think this is going to be the new norm for a while.

WatchGuy1966 · 26 May 2022, 02:11 AM

Quote:

Originally Posted by quakeroatmeal

I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit.

Pretty crazy! Especially since not long ago they merged with Crown and Caliber.

Anyone else get this message?

Isn't "Store credit" by definition a Trade-in?

rolexandlange · 26 May 2022, 02:19 AM

They had previously gotten a little carried away…..

uniqueMR · 26 May 2022, 02:19 AM

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

Thats what I am thinking :)

whiskyrolex · 26 May 2022, 02:21 AM

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

Yeah, the thread is poorly titled. Seems more like Hodinkee is no longer buying watches at all.

Polarexplorerii · 26 May 2022, 02:21 AM

Quote:

Originally Posted by Yellowfury

Lol store credit. The GameStop of the watch industry.

GradyPhilpott · 26 May 2022, 02:25 AM

Quote:

Originally Posted by quakeroatmeal

...instead they only give store credit.

Quote:

Originally Posted by WatchGuy1966

Isn't "Store credit" by definition a Trade-in?

That sounds plausible, but according to the OP, it was Hodinkee who made the distinction.

Maybe the difference is that a trade-in is for the watch you want and a store-credit is for something else.

quakeroatmeal · 26 May 2022, 02:32 AM

Quote:

Originally Posted by whiskyrolex

Yeah, the thread is poorly titled. Seems more like Hodinkee is no longer buying watches at all.

In hindsight that seems a bit better, I had trouble titling the thread.

"Hodinkee no longer buying watches" seemed more misleading or inflammatory to me.

But I definitely see the issue with my title now.

koronet-kid · 26 May 2022, 02:33 AM

Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

GradyPhilpott · 26 May 2022, 02:39 AM

Quote:

Originally Posted by quakeroatmeal

In hindsight that seems a bit better, I had trouble titling the thread.

"Hodinkee no longer buying watches" seemed more misleading or inflammatory to me.

But I definitely see the issue with my title now.

Pardon me, but I just got up and I'm still a little woozy.

What is it that Hodinkee is doing or not doing?

askdanny · 26 May 2022, 02:41 AM

ProducerMichael interviews this Beverly Hills grey dealer. First time I see a dealer admitting on Youtube that the prices will continue to drop. Fast forward to minute 21.

https://www.youtube.com/watch?v=TtJY75rhHD4

rolexandlange · 26 May 2022, 02:43 AM

Quote:

Originally Posted by GradyPhilpott

Pardon me, but I just got up and I'm still a little woozy.

What is it that Hodinkee is doing or not doing?

They used to offer a watch seller the option of a sale or a trade in. The trade in would offer you like 10% more value towards a new purchase. Right now they are only offering credit towards a purchase. They aren't cutting checks to buy watches. This is probably because their buy prices recently look poor in retrospect. Also, Hodinkee has a new CEO, so changes are coming most likely.

GradyPhilpott · 26 May 2022, 02:46 AM

Quote:

Originally Posted by rolexandlange

They used to offer a watch seller the option of a sale or a trade in. The trade in would offer you like 10% more value towards a new purchase. Right now they are only offering credit towards a purchase. They aren't cutting checks to buy watches. This is probably because their buy prices recently look poor in retrospect. Also, Hodinkee has a new CEO, so changes are coming most likely.

Thanks!

Wahlberg · 26 May 2022, 02:55 AM

They listed a 4 year old worn BB58 for 4200 usd when the retail is around 3500 usd? new. And someone actually bought it.

That's the crowd you're dealing with.

Chewbacca · 26 May 2022, 02:57 AM

Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100

Therefore this thread is definitely misleading.

johncomer · 26 May 2022, 02:58 AM

Quote:

Originally Posted by Wahlberg

They listed a 4 year old worn BB58 for 4200 usd when the retail is around 3500 usd? new. And someone actually bought it.

That's the crowd you're dealing with.

That's not a very bright crowd.

2loaded · 26 May 2022, 03:00 AM

Quote:

Originally Posted by koronet-kid

Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

Here ! Here !

LFFL · 26 May 2022, 03:06 AM

Quote:

Originally Posted by rolexandlange

They used to offer a watch seller the option of a sale or a trade in. The trade in would offer you like 10% more value towards a new purchase. Right now they are only offering credit towards a purchase. They aren't cutting checks to buy watches. This is probably because their buy prices recently look poor in retrospect. Also, Hodinkee has a new CEO, so changes are coming most likely.

Thank for the context!

RUSH2689 · 26 May 2022, 03:10 AM

Post on WUS / TRF for private parties, more $ in your pocket. Just do some due diligence on feedback references of buyers as well!

taylor2000 · 26 May 2022, 03:44 AM

So I'm going throught the process of selling a watch on Crown and Caliber. I had an offer for cash that I accepted last Wednesday. Since that time it appears that Hodinkee and C&C are no longer paying cash.

C&C has confirmed receipt of the watch. They also confirmed via email my offer and that it's for cash. The terms of the offer said they would only reduce the price for the condition of the watch, which I'm not worried about. They said the evaluation process typically takes 3-5 business days. Since its a full kit from an AD, i cant imagine they are going to have any issues. Hopefully they are true to their word. We'll see.

Sent from my SM-S901U using Tapatalk

htrap2294 · 26 May 2022, 03:50 AM

That's great, the sooner the hype dies from the market...the better for me.

26 May 2022, 01:28 AM	#1
quakeroatmeal "TRF" Member Join Date: May 2018 Location: NY Watch: Mickey Watch Posts: 486	Hodinkee no longer buying used watches I reached out to Hodinkee to check on the value of a trade in, and they replied that due to the market volatility they are no longer paying for watches, instead they only give store credit. Pretty crazy! Especially since not long ago they merged with Crown and Caliber. Anyone else get this message?

26 May 2022, 01:32 AM	#2
Yellowfury "TRF" Member Join Date: Oct 2019 Location: Silicon Valley Watch: 124060 Posts: 269	Lol store credit. The GameStop of the watch industry. __________________ 114060 \| 126710BLNR \| 224270

26 May 2022, 01:35 AM	#3
Screwly "TRF" Member Join Date: May 2020 Real Name: Screwly Location: USA Watch: “Pepsi” Posts: 2,369	Nobody wants to catch a falling knife __________________ IG: htown_horology 126710blro jubilee 116500ln white dial 126613lb 326934 jubilee/blue dial

26 May 2022, 02:41 AM	#20
askdanny "TRF" Member Join Date: Jan 2016 Location: HND/SEA/CDG/AMS Watch: Clock on my A330 Posts: 738	ProducerMichael interviews this Beverly Hills grey dealer. First time I see a dealer admitting on Youtube that the prices will continue to drop. Fast forward to minute 21. https://www.youtube.com/watch?v=TtJY75rhHD4 __________________ Rolex stories you won't find anywhere else: https://coron.et

26 May 2022, 03:50 AM	#30
htrap2294 2024 Pledge Member Join Date: Sep 2017 Real Name: Parth Location: Los Angeles & SD Watch: 16613LB Posts: 577	That's great, the sooner the hype dies from the market...the better for me. __________________ Currently own: 16613LB, 214270, 126610LV

26 May 2022, 01:36 AM	#4
prnceofpersia23 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2019 Location: AZ, USA Watch: 116500LN Posts: 1,874	Not really the time to sell anyway.

26 May 2022, 01:37 AM	#5
alphadweller "TRF" Member Join Date: Nov 2019 Real Name: Vic Location: Spain Watch: SD43 Posts: 5,899	Store credit, wow. Is the correction about to turn into a crash? I wonder .

26 May 2022, 01:46 AM	#9
Turbo Racer "TRF" Member Join Date: May 2021 Location: USA Watch: Rolex and Patek Posts: 1,027	Wow. Interesting times.

26 May 2022, 01:47 AM	#10
MR.SEBS "TRF" Member Join Date: Apr 2020 Real Name: Justin Location: SF Posts: 641	Thank you for sharing, I think this is going to be the new norm for a while.

26 May 2022, 02:33 AM	#18
koronet-kid "TRF" Member Join Date: Nov 2007 Real Name: John Location: AT HOME Watch: deep-sea Comex Posts: 672	Hopefully the arse will drop out of the secondary market and that will be the middle finger to all those that have tainted this hobby, one can only hope!

26 May 2022, 02:55 AM	#23
Wahlberg "TRF" Member Join Date: Nov 2011 Location: Paris Posts: 3,530	They listed a 4 year old worn BB58 for 4200 usd when the retail is around 3500 usd? new. And someone actually bought it. That's the crowd you're dealing with.

26 May 2022, 02:57 AM	#24
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,113	Just got quoted $182,383.22 as trade value on one of my OP41 from their Nigerian location. Not cash but not bad credit to use down the road. Shipping today with no signature required also saves $100 Therefore this thread is definitely misleading.

26 May 2022, 03:10 AM	#28
RUSH2689 "TRF" Member Join Date: Dec 2010 Location: USA Watch: Recon Posts: 253	Post on WUS / TRF for private parties, more $ in your pocket. Just do some due diligence on feedback references of buyers as well!

26 May 2022, 03:44 AM	#29
taylor2000 "TRF" Member Join Date: Mar 2018 Location: USA Watch: 126334 Posts: 138	So I'm going throught the process of selling a watch on Crown and Caliber. I had an offer for cash that I accepted last Wednesday. Since that time it appears that Hodinkee and C&C are no longer paying cash. C&C has confirmed receipt of the watch. They also confirmed via email my offer and that it's for cash. The terms of the offer said they would only reduce the price for the condition of the watch, which I'm not worried about. They said the evaluation process typically takes 3-5 business days. Since its a full kit from an AD, i cant imagine they are going to have any issues. Hopefully they are true to their word. We'll see. Sent from my SM-S901U using Tapatalk

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