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LJubel328 · 15 January 2019, 04:03 AM

Hello,

I have been looking for a particular vintage Rolex for some time now and recently a seller in Italy listed one. It is a good price but I have never purchased internationally and curious if any of you have.

I have done quite a bit of research online and on this forum and seems the customs bill would be roughly 10% the purchase price.

Most of the info I found online and on here is a few years old. I don't want to purchase this watch then get hit with a exorbitant customs bill so if anyone would please enlighten me some I would appreciate it.

Thank You

faimag · 15 January 2019, 06:53 AM

In the not-so-distant past I paid around 3% at US customs when declaring a watch at the airport, not 10%. And recently I was negotiating a watch from EU and was told that import fees to the US range from 1% to 5% depending on state.

Now, with a vintage, you can always ask your seller to put a more "reasonable" price if you are concerned about the import fees; unless you are more much more concerned about insurance. I guess if you are buying a full set 4-digit Daytona, it will be cheaper to buy a ticket to Italy and wear it back!

LJubel328 · 15 January 2019, 02:47 PM

Quote:

Originally Posted by faimag

In the not-so-distant past I paid around 3% at US customs when declaring a watch at the airport, not 10%. And recently I was negotiating a watch from EU and was told that import fees to the US range from 1% to 5% depending on state.

Now, with a vintage, you can always ask your seller to put a more "reasonable" price if you are concerned about the import fees; unless you are more much more concerned about insurance. I guess if you are buying a full set 4-digit Daytona, it will be cheaper to buy a ticket to Italy and wear it back!

Just curious, who quote you the 1-5% import fees?

John Loan · 31 May 2019, 02:53 PM

Quote:

Originally Posted by LJubel328

Just curious, who quote you the 1-5% import fees?

Hi OP - any updates on this thread? I’m in the same boat as you were.

Walts · 31 May 2019, 08:40 PM

Check the United States Harmonized Tariff Code. On a stainless steel watch The customs charge usually work out to about 3%. Different percentage of the value of the watch are allocated to the case band and movement.

Walts · 31 May 2019, 08:42 PM

The online calculators are not accurate .

beshannon · 31 May 2019, 08:46 PM

Any duty calculated will depend on what the actual item is.

joli160 · 1 June 2019, 02:01 AM

So many doctored vintage watches around that I would buy only unseen from a very reputable dealer like i.e. Springer.

Just make sure you know what you' are doing and research the seller.
A few percent on taxes is the least to worry about on the vintage market.

15 January 2019, 04:03 AM	#1
LJubel328 "TRF" Member Join Date: Jan 2019 Location: U.S. Posts: 811	International Shipping Help Hello, I have been looking for a particular vintage Rolex for some time now and recently a seller in Italy listed one. It is a good price but I have never purchased internationally and curious if any of you have. I have done quite a bit of research online and on this forum and seems the customs bill would be roughly 10% the purchase price. Most of the info I found online and on here is a few years old. I don't want to purchase this watch then get hit with a exorbitant customs bill so if anyone would please enlighten me some I would appreciate it. Thank You

31 May 2019, 08:46 PM	#7
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Any duty calculated will depend on what the actual item is. __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

1 June 2019, 02:01 AM	#8
joli160 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,352	So many doctored vintage watches around that I would buy only unseen from a very reputable dealer like i.e. Springer. Just make sure you know what you' are doing and research the seller. A few percent on taxes is the least to worry about on the vintage market. __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

15 January 2019, 06:53 AM	#2
faimag "TRF" Member Join Date: Feb 2016 Location: US, SG, DK, GR Watch: Reverso Posts: 3,071	In the not-so-distant past I paid around 3% at US customs when declaring a watch at the airport, not 10%. And recently I was negotiating a watch from EU and was told that import fees to the US range from 1% to 5% depending on state. Now, with a vintage, you can always ask your seller to put a more "reasonable" price if you are concerned about the import fees; unless you are more much more concerned about insurance. I guess if you are buying a full set 4-digit Daytona, it will be cheaper to buy a ticket to Italy and wear it back!

31 May 2019, 08:40 PM	#5
Walts "TRF" Member Join Date: Feb 2010 Location: New York Posts: 224	Check the United States Harmonized Tariff Code. On a stainless steel watch The customs charge usually work out to about 3%. Different percentage of the value of the watch are allocated to the case band and movement.

31 May 2019, 08:42 PM	#6
Walts "TRF" Member Join Date: Feb 2010 Location: New York Posts: 224	The online calculators are not accurate .

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